<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

<html><body>
Beldon and Coolbellup are Western Australia’s fastest selling suburbs with an average of 36 days on the market.
Beldon – with a median house price of $433,250 – is located in between two major north-south arteries: Marmion Avenue and Mitchell Freeway.
Coolbellup – with a median house price of $389,000 – is named after the Aboriginal name for the nearby North Lake.
Myaree - the aboriginal word meaning foliage - is the second fast selling suburb with an average of 38 days on the market and a median house price of $630,000.
The southeastern suburb Lynwood is the third fastest selling suburb with a median house price of $395,000 and an average of 39 days on the market.
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="106" valign="top">
Suburb
</td>
<td width="106" valign="top">
Postcode
</td>
<td width="106" valign="top">
Median Price
</td>
<td width="106" valign="top">
Time on market (days)
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Beldon</a>
</td>
<td width="106" valign="top">
6027
</td>
<td width="106" valign="top">
$433,250
</td>
<td width="106" valign="top">
36
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Coolbellup</a>
</td>
<td width="106" valign="top">
6163
</td>
<td width="106" valign="top">
$389,000
</td>
<td width="106" valign="top">
36
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Myaree</a>
</td>
<td width="106" valign="top">
6154
</td>
<td width="106" valign="top">
$630,000
</td>
<td width="106" valign="top">
38
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Lynwood</a>
</td>
<td width="106" valign="top">
6147
</td>
<td width="106" valign="top">
$395,000
</td>
<td width="106" valign="top">
39
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Hamersley</a>
</td>
<td width="106" valign="top">
6022
</td>
<td width="106" valign="top">
$500,000
</td>
<td width="106" valign="top">
41
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">West Perth</a>
</td>
<td width="106" valign="top">
6005
</td>
<td width="106" valign="top">
$780,000
</td>
<td width="106" valign="top">
41
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Kingsley</a>
</td>
<td width="106" valign="top">
6026
</td>
<td width="106" valign="top">
$532,750
</td>
<td width="106" valign="top">
44
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Martin</a>
</td>
<td width="106" valign="top">
6110
</td>
<td width="106" valign="top">
$680,000
</td>
<td width="106" valign="top">
44
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Parkwood</a>
</td>
<td width="106" valign="top">
6147
</td>
<td width="106" valign="top">
$425,000
</td>
<td width="106" valign="top">
46
</td>
</tr>
<tr>
<td width="106" valign="top">
<a target="_blank" href="/news">Warwick</a>
</td>
<td width="106" valign="top">
6024
</td>
<td width="106" valign="top">
$480,000
</td>
<td width="106" valign="top">
48
</td>
</tr>
</tbody></table>
Source: <a href="https://www.rpdata.com/">RP Data</a>
However Mount Melville is the slowest selling suburb with an average of 213 days on the market and a media house price of $335,000.
</body></html>

ntrotman-Et3xWpamVh

Beldon and Coolbellup sit atop WA 10 fastest selling suburbs

<html><body>
Holidaymakers in Western Australia can watch Eagle Bay whales cavort while sprawled out on a sundeck at Inspiration on Wedgetail.
Located on 3,264 square metres of property on Wedgetail View Eagle Bay, the residence is surrounded by vineyards, hinterlands and coastland.
With seven bedrooms, a 20-metre indoor/outdoor pool, a 12-person spa and a gym, you can practice relaxation at its finest.
Also included is a two-lane bowling alley, a squash court and a private cinema.
The property is available to rent from December 12 to December 27, with a minimum seven-night stay of $18,000.
Any extra days from Sunday to Thursday will cost you $3,000 a night and $6,000 for a Friday or Saturday night.
It is also available to rent from January 24 onwards.
Inspiration on Wedgetail is currently listed for sale by Andrew Hopkins from Jhy Realty Dunsborough for $10.5 million
It was first listed in June this year.
It last sold in 2007 for $2.3 million.
</body></html>

Countdown to summer: Inspiration on Wedgetail 

<html><body>
Western Australia’s remote Pilbara region, the state’s iron ore mining heartland, has topped the list of regions with the lowest proportion of annual sales under $400,000.
According to research by RP Data, just 5.8% of sales in the Pilbara region were under $400,000 over the year to August.
There were nearly four times as many sales below $400,000 in the second-ranked Kimberley (22.1%) region, which lies just above the Pilbara geographically, and benefits from mining as well as tourism.
Third was Canberra (22.1% of annual sales) and fourth Sydney (30.3% of all sales).
The Pilbara is a vast region covering an area of 502,000 square kilometres in northern WA running west from the coast. Its main mining towns are <a href="/news">Karratha</a>, <a href="/news">Dampier</a>, <a href="/news">Port Hedland</a>, <a href="/news">South Hedland</a> on the coastal edge and <a href="/news">Newman </a>and <a href="/news">Tom Price</a> in the hinterland.
Property Observer has scoured real estate listings in these mining towns and found only four properties currently listed for sale under $400,000, three of them in the Karratha suburb of <a href="/news">Bulgarra </a>and one in the Karratha suburb of <a href="/news">Pegs Creek</a>. All of them are one-bedroom apartments. None of the other mining towns had properties listed for sale under $400,000.
Property Observer only considered existing properties with a listing price advertised under $400,000 and excluded vacant land and house-and-land package listings.
$182,000
A <a href="https://www.realestate.com.au/property-house-wa-pegs+creek-111445311" target="_blank">one bedroom unit being sold by Ray White Karratha on Warambie Road in Pegs Creek (pictured below).</a>
<img width="470" src="/images/stories/2012/11/warnambie.jpg">
$299,000
A <a target="_blank" href="https://www.realestate.com.au/property-apartment-wa-bulgarra-110436629">one-bedroom ground-floor apartment on Ridley Street, Bulgarra</a> (pictured below), being sold by Jackie McVee of First National Karratha.
<img width="470" src="/images/stories/2012/11/ridleyst.jpg">
$350,000
A<a href="https://www.realestate.com.au/property-house-wa-bulgarra-112164847" target="_blank"> one-bedroom bedsit with separate bathroom and toilet on Ridley Street</a> in Bulgarra (pictured below) being marketed by Richard Naulls of Ray White Karratha.
<img width="470" src="/images/stories/2012/11/ridleyst2.jpg">
$375,000
A <a target="_blank" href="https://www.realestate.com.au/property-house-wa-bulgarra-110467185">furnished one-bedroom bedsit with separate bathroom and toilet on Ridley Street</a> in Bulgarra (pictured below) being marketed by Richard Naulls of Ray White Karratha.
<img width="470" src="/images/stories/2012/11/ridleyst3.jpg">
</body></html>

lschlesinger-FZcF9M3vE6

Pilbara offers only rarest of property investment nuggets under $400,000

<html><body>
Preliminary data indicates that Perth’s median house price for the September quarter is currently below the June quarter figure, largely due to earlier settlements from strong first-home buyer activity.
This is a preliminary call on the state of the market, and data from reiwa.com suggests it will lift back to the June quarter median of $484,000 with late settlements.
First-home buyers now account for almost 30% of all sales, and there is no doubting their impact in the market as they eagerly purchase the more affordable properties.
The reasonably stable prices and low interest rates over the last nine months have resulted in overall turnover picking up by almost 20% on the same time last year, but sales from trade-up buyers fell by around 4% during the quarter.
Significant falls in turnover were reported in <a target="_blank" href="/news">Rockingham</a>-<a target="_blank" href="/news">Kwinana</a>, the eastern and western parts of <a target="_blank" href="/news">Stirling</a>, northern <a target="_blank" href="/news">Joondalup </a>and the western suburbs.
Despite a drop in turnover for the September quarter, a number of sub-markets defied the trend with increased sales. These included <a target="_blank" href="/news">Armadale</a>-<a target="_blank" href="/news">Serpentine</a>, <a target="_blank" href="/news">Swan</a>, <a target="_blank" href="/news">Cockburn</a>, <a target="_blank" href="/news">Vincent</a>, the north-east part of <a target="_blank" href="/news">Wanneroo </a>and south east section of Stirling.
Our REIWA members are reporting a 3% increase in sales of flats, units, apartments and villas, but with no movement in the overall median price of $390,000. Once again, this preliminary figure is likely to lift when revised to be level with the June figure.
REIWA data for the September quarter show that the stock of listings has fallen 14% to just 10,400 properties and the number of days on market has dropped a little to 71 days.
The more stable conditions have resulted in fewer sellers reducing their asking price and the average variance between the asking price and eventual selling price has also come down, now sitting at just under 6%.
In the regions, the median house price came down slightly to $360,000, while units and villas grew marginally to a median of $327,000. Results are patchy across the breadth of the state.
 
<hr class="system-pagebreak">
 
In Mandurah-Murray, this weak market is definitely on the mend, with sales up by% on the same time last year. Initial readings suggest a rise in their median price but we need further data before we can confirm this.
In <a target="_blank" href="/news">Bunbury </a>turnover is up by 25% on the same time last year and with a 3% lift in the median house price.
<a target="_blank" href="/news">Albany </a>has had negligible movement in price or turnover, and the number of listings is down by 17% during the quarter.
<a target="_blank" href="/news">Kalgoorlie</a>–<a target="_blank" href="/news">Boulder </a> turnover increased by 25% on last year, but with a stable median price. Listings came down significantly by 35% during the quarter, which also happened this same time last year.
<a target="_blank" href="/news">Geraldton</a>-<a target="_blank" href="/news">Greenough </a>seems to be the weakest of the regional markets. Although sales turnover is up by a huge 75% on last year, the median price seems to have dropped by around 3% and the mid-west city is awash with listings, including 325 blocks of land.
REIWA members in the Pilbara are reporting that the housing pressure has come off in <a target="_blank" href="/news">Karratha</a>, with a jump in listings and the vacancy rate for rentals blowing out to 6%.
Despite a slowdown in the mining and resources sector, population growth in WA is stronger than anywhere else in the country and this does not appear to be slowing.
Investors still seem hesitant to return to the WA market, but there are signs of this starting to turn around as rental yields improve on the back of rising rents, low interest rates and stable prices.
Despite the large number of first [home buyers exiting the rental system to secure their own home, pressure continues on the metropolitan rental system through strong population growth.
Our data show that in metropolitan Perth the vacancy rate has tightened from 1.9% in the June quarter to 1.8% in the September quarter, with the median rent sitting at $450 per week, an increase of $20 on June.
David Airey is president of the <a href="https://reiwa.com.au/home/default.aspx" target="_blank">Real Estate Institute of Western Australia.</a> This article was originally published on <a href="https://reiwa.com.au/Faq/Pages/Feature.aspx">reiwa.com</a>.
</body></html>

dairey-MVZf5ZguQC

Strong first-home buyer activity in WA as sales turnover trends down

<html><body>
As the population continues to grow, and the sprawl of suburbia grows along with it, the City of Perth and the people who live there are starting to feel the strain. How often do we find ourselves in bumper-to-bumper traffic, just trying to get home from work? That is, really, where the problem lies. We do not live where we work; we commute long distances many times without a reliable public transportation system. The prices of inner-city and inner-suburban housing is rising to the point where many Perth families are moving to the outer suburbs as a solution, causing traffic problems, stress and time wastage.
Why is urban sprawl a problem? Many people cannot immediately see why living far from where they work is a problem. But just think about it, as fuel costs rise, it will cost more for the average individual to get from point A to point B. In addition to this, roads, amenities and other services must be provided to these lower populated suburban areas. To provide for this sprawl, the State and cities are spending countless millions of dollars each year to increase the amount of services in suburbs that in today’s traffic, can be hours away, and people have no choice but to move to the outer suburbs because of the rising cost of living. With such a small amount of property available in the city, the rents in Perth have gone out of control, as the demand for accommodation nearer popular amenities rises. What do we do? Before the mining and population boom, people were more likely to live closer to where they worked and the services they used. This meant if you worked in the city, you lived in the city, and it made perfect sense. Local councils in Perth are still blocking the development of multi-story accommodation, which is adding to the sprawl problem as they don’t all have the same rules when it comes to zoning. Doing away with the 30 councils in favour of a few larger ones with a uniform approach to urban infill would be more in line with the state government’s 2031 and Beyond plan. Building apartments in and near Perth city provides quality housing for that larger number of people that are moving here every day. With populations rising, we cannot continue to sprawl to the point where one community blends into another, making the main roads into Perth part of the traffic chaos instead of using the land positively. Gentrification, or the revitalization of cities, provides a means for people to live and work comfortably. Workers spend less money on fuel and transportation and the city becomes a destination for WA people to live and work.
The new proposed MAX light rail system will go a long way to ensuring that parts of the city are rejuvenated, and that nearby suburbs are once again favoured for investment and to live in. The demand for housing near public transportation has always been a great investment opportunity for savvy buyers, and those wanting to invest in the future of their city, as more transport generally equals less traffic, more retail and business opportunities as well as accessible accommodation, thus reducing the cost of living.
James Limnios is the CEO of <a target="_blank" href="https://www.limnios.com/">Limnios Property Group</a>, is a City of Perth councillor, and is very passionate about real estate and political issues in Perth, WA. You can connect with James on <a target="_blank" href="https://twitter.com/jameslimnios">Twitter</a>,<a target="_blank" href="https://www.propertyobserver.com.au/https://plus.google.com/111490789069514581435"> Google Plus </a>and on his <a target="_blank" href="https://jameslimnios.blogspot.com/">blog</a>.
</body></html>

jlimnios-VjcR2kLZWQ

Perth inner-city living needs an upgrade

<html><body>
The Perth property market has turned the corner and is now well into its upswing, according to property clock estimates from property valuers and investment advisors WBP Property Group.
WBP places Perth houses at seven o’clock on the property clock and its unit market further into an upswing at eight o’clock.
<img src="/images/stories/2012/10/clock-generic.jpg">
<ul>
<li>At 12 o’clock the market is at its peak (demand exceeds supply)</li>
<li>At 3 o’clock the downswing has set in (an evenly supplied market)</li>
<li>By 6 o’clock it has bottomed out (an oversupplied market).</li>
<li>At 9 o’clock the market is rebounding (supply tightening)</li>
</ul>
In its commentary on the Perth detaching housing market, WBP says supply has decreased and there has been a "significant increase in buyer activity in the sub-$500,000 market".
“Yields are continuing to rise as rental levels increase, which is resulting investors come back into the market.
“With supply issues now coming into effect and housing shortage becoming more evident, it is considered the cycle will continue for the medium term,” says WBP.
Taking a look at the Perth unit market, WBP says strong rental demand and the increase in the median rental has resulted in higher yields.
“Investors that are looking for even to positively geared properties are active in the sector,” says WBP.
According to October data from RP Data-Rismark released yesterday, Perth was the strongest performing market over the month, with dwelling values up 0.4% over the month and 3.5% year-on-year to a median of $460,000.
The Perth median house price is up 3.8% year-on-year to October to a median of $475,000, while unit prices are 3.5% to a median of $397,500.
RP Data puts Perth yields at 4.5% for houses and 4.9% for units.
According to RP Data senior research analyst Cameron Kusher the Perth housing market is just starting to turn around after more than five years of decline.
"Perth prices are still 7% below their peak," he says.
</body></html>

Perth property market into its upswing: WBP

<html><body>
The average days on market for property in Perth has dropped to its lowest point in four months, according to Raine &amp; Horne data.
The average number of days on market has dropped 15% since June 2012, from 135 days to 115 days.
Raine &amp; Horne North Perth agent Larry Gallagher expects the rate to drop even further with near record-low interest rates, near record-high rents, low stock levels and large population growth.
“Over a thousand people a week are pouring into Perth looking for accommodation, and there currently isn’t enough stock on the market to keep up with the demand,” Gallagher says.
“As a result, accommodation has reached a tipping point, especially with homes listed under the $500,000 mark, which are selling like hotcakes.”
His colleague Nick Pagano recently sold two properties in under a week.
“1/176 8th Avenue, Inglewood, sold in just four days for $480,000, and an older-style home at 4 Latham Street, Ashfield, sold in just two days for $439,000,” Gallagher says.
“Both properties were the subject of multiple offers and sold to first-home buyers.”
RP Data shows the <a target="_blank" href="/news">Inglewood </a>property last traded for $430,000 in 2008 after 18 days on market. 
Recent Real Estate Institute of Western Australia figures show property sales jumped 21% in the second week of October.
Midland is one area where the surge of first home-buyers, many driven by increasing rents, is pushing down days on market.
“As soon as a property hits the market it is being bought, especially in the lower-end where first home buyers can usually be found,” says Vince Pileggi, principal Raine &amp; Horne Midland.
"We've been selling properties within a day here. Houses aren't staying on the market longer than four weeks if they're priced correctly."
His office recently sold a property in less than seven days in <a target="_blank" href="/news">High Wycombe</a>, east of Perth Airport, for $455,000.
“The purchasers of this home were first-home buyers, and properties priced in this range will often only have one open house before they’re snapped up.”
</body></html>

awalsh-7Ub9EypybQ

Number of days on market in Perth drops, with sub-$500,000 properties 'selling like hotcakes': Raine & Horne

<html><body>
Perth house prices have had the strongest gains over the last year and quarter.
And only Hobart was stronger during September among Australian capital cities.
Perth house prices have grown 6.63% over the year ending September, 6.7% over the last quarter and 2.44% over the last month, according to Residex data.
Hobart had gains of 3.62% over the last month.
The median price in Perth is now $498,000, with an average growth of 9.02% per year over the last 10 years.
Its average price growth is beaten only by Darwin where house prices have grown an average of 10.01% per year over the last 10 years.
<img src="/images/stories/2012/10/afford3.jpg">
There were 24,707 house sales in Perth last year, up 13.41% from the previous year.
House rents in the city are up 21.52% for the year to $480 per week. The increase is double anywhere else in the country.
For units the trend is similar, with Perth showing the greatest price growth over the last year (12.73%), quarter (2.23%) and month (2.21%) for any capital city. Unit prices have grown 9.29% per year over the last 10 years, beaten by 10.75% in Darwin.
The median unit price in Perth is now $430,000.
Unit rents are up 20.83% for the year to $435 per week. The next highest increase was 20% in Sydney, where unit rents are now $540 per week.
There were 11,808 unit sales in Perth over the last year, up 15.81% over the previous year.
Across Australia house prices are up 0.94% for the month and unit prices are unchanged.
Over the last month house prices fell in Darwin, Adelaide and Brisbane. Unit prices fell in every state capital except Sydney and Perth.
Sydney is still by far the most expensive place to buy a house or apartment. The median house price is $668,500, more than $100,000 more expensive than Melbourne, the next highest. Sydney unit prices are $498,000, more than $60,000 more than Melbourne.
Residex says its latest figures are good for home owners, putting the Reserve Bank in good stead for another rate cut.
“The potential rate cut comes on the back of an improving housing market Australia wide, and additional rate cuts should help ensure the market remains stable and leaves adjustment phases recently seen in many markets behind,” Residex chief John Edwards says.
Edwards says some people may see the conditions as the possible makings of a housing bubble but he says that is not the case.
“Affordability is still not terrific in the major capital cities, even with the interest rate reduction… The unit market is affordable, the house and land market in Melbourne, Sydney, Perth and Darwin are unaffordable, and some of the others are marginally affordable.”
He says consumer confidence is low and the unemployment rate is likely to rise which will be countered by increased building projects.
“Overall, if there is a housing bubble risk, the markets to watch are unit markets, in particular those where there is currently a stock shortage. In essence, the main risk is Perth and to a lesser extent, Brisbane.”
</body></html>

Perth property experiences strongest gains in country: Residex

<html><body>
Moora, in Midland WA is the state’s most affordable location, according to RP Data figures.
Median houses prices in the suburb, two hours north of Perth, is $193,637.
In the last 12 months there have been 25 sales in the town. There are currently a number of properties up for grabs.
A two-bedroom cedarwood bungalow at <a href="https://www.realestate.com.au/property-house-wa-moora-111616783">11 Gardiner Street</a> is listed for sale at $159,950. Agent Laurie Armstrong bills the property as an “investor's delight”.
The house comes on 506 square metres and has two street frontages. It is in the southern edges of the town.
A little bit closer to the centre of town at <a href="https://www.realestate.com.au/property-house-wa-moora-111181143">80 Gardiner Street</a> is a two-bedroom timber bungalow with an iron roof listed at $145,000 by the same agent.
Armstrong bills the property as being “right on for the first home buyer”. It comes on 1,012 square metres with a shed.
In a higher price bracket, <a href="https://www.realestate.com.au/property-house-wa-moora-111297195">lot 205 Riley Road</a> is listed at more than $390,000. The four-bedroom, two-bathroom home comes on two hectares.
Agent Jason Greay lists the property as being in a quiet area of town close to the Moora Race Club, the local horse racing area.
The property comes with numerous horse related extras.
The wheatbelt town suffered from significant floods in 1999 when cyclone Elaine caused the Moore River to break its banks. This was followed by heavy rainfalls later in the year, which caused a second flood.
At last count the population of the town was 4,642 people, according the 2011 ABS census. There are 2,264 private dwellings. The population is slightly older than the rest of WA, and relatively few are university educated.
The second most affordable suburb in WA is Katanning, 250 kilometres south-east of Perth and then Kambalda West, in Coolgardie.
Just two Perth suburbs feature on the list, Brookdale and Orelia, both on the outer fringes. 
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;">
<colgroup>
<col width="104">
<col>
<col>
<col>
<col>
<col>
<col>
<col>
<col width="144">
<col>
<col>
<col>
<col>
<col>
<col>
<col>
<col width="145">
<col>
<col>
<col>
<col>
<col>
<col>
<col>
<col width="94">
<col>
<col>
<col>
<col>
<col>
<col>
<col>
<col width="167">
<col>
<col>
<col>
<col>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr height="20">
<td width="104" height="20">Suburb</td>
<td width="94">Median Value</td>
<td width="167">Number sold (12 months)</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Moora</a></td>
<td align="right">193637</td>
<td align="right">25</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Katanning</a></td>
<td align="right">196507</td>
<td align="right">44</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Kambalda West</a></td>
<td align="right">204895</td>
<td align="right">25</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Narrogin</a></td>
<td align="right">216212</td>
<td align="right">34</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Utakarra</a></td>
<td align="right">232003</td>
<td align="right">23</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Collie</a></td>
<td align="right">238225</td>
<td align="right">53</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Manjimup</a></td>
<td align="right">238851</td>
<td align="right">42</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Withers</a></td>
<td align="right">254321</td>
<td align="right">42</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Brookdale</a></td>
<td align="right">264527</td>
<td align="right">49</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Double</a></td>
<td align="right">266667</td>
<td align="right">52</td>
</tr>
<tr height="20">
<td height="20"><a target="_blank" href="/news">Orelia</a></td>
<td align="right">267647</td>
<td align="right">95</td>
</tr>
<tr height="20">
<td height="20"><a href="/news">Spalding</a></td>
<td align="right">268025</td>
<td align="right">20</td>
</tr>
</tbody>
</table>
Source: <a target="_blank" href="https://www.myrp.com.au/">RP Data</a>
</body></html>

Moora tops list of 12 most affordable WA locations

<html><body>
One of Western Australia’s most controversial developments, the 40.5-hectare Smiths Beach development site, is on the market. 
The oceanfront land, mired in red tape for the best part of a decade, is tipped for a large-scale Yallingup tourism and residential venture.
<img src="/images/stories/2012/10/smiths.jpg">
An expressions of interest campaign is being run by Jones Lang LaSalle closing in late November.
The property is owned by a syndicate of investors, and JLL WA director of sales Phil Fogliani says they are considering a full-sale or a joint venture, depending on the offers received.
Compared as in the same class as Byron Bay, Coffs Harbour, Lorne and Noosa Heads, the site is covered by the Leeuwin Naturaliste Ridge Statement of Planning Policy, says JLL, under which it is designated as a tourist node with a residential development ratio of 70% tourism and 30% residential.

The Smiths Beach project was the subject of a Corruption and Crime Commission investigation in 2007, which looked into the actions of former WA Premier Brian Burke, who lobbied the state government on behalf of developers. The CCC was told that Canal Rocks managing director and Perth real estate agent David McKenzie – a Noel Crichton-Browne friend – hired the Burke-Crichton-Browne-Grill lobbying team.
The CCC report concluded Canal Rocks secretly paid more than $47,000 to candidates sympathetic to their development in the Busselton Shire Council election and by-election in 2005 and attempted to delay a new town planning scheme so the development could be assessed under less strict conditions.
Burke was charged with five counts of lying to the CCC investigation and was acquitted on four charges.
He lost an appeal against his one conviction and $25,000 fine earlier this year.
Smiths Beach is about three hours’ drive south of Perth, at the northern end of the Margaret River wine region.
The project is still awaiting formal subdivision approval from the WA Planning Commission, but all other approvals have been secured.
The current plan includes up to 61 residential lots, seven separate tourism lots of up to 40 units each, and a 3.3-hectare resort site with about 250 units.
The net development area is 19.11 hectares, with the rest of the land reserved for recreation.
Elevation at the site is between 4 metres and 58 metres. The property was formerly owned by one-time British Conservative Party treasurer Lord Alistair McAlpine, who invested heavily in WA during the 1980s.
</body></html>

Latest Western Australia Property News

North-facing Swan River views drive demand at Rivière Residences in Applecross

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Western Australia Property News

North-facing Swan River views drive demand at Rivière Residences in Applecross

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News