Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

Joel Robinson

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<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;

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

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>
{yoogallery src=[images/stories/august9gloster]}
56 Gloster Street, Subiaco, WA, 6008
With period charm and modern amenities, this six-bedroom, two-bathroom in the Perth suburb of Subiaco has plenty of room for a large family. Built in the 1920s but completely refurbished, it includes polished floorboards, a bullnose veranda and an outdoor area with a barbecue and pizza oven. The property is being marketed by <a href="https://www.paxtonhoad.com.au/property.aspx?pid=258383" title="Paxton Hoad" target="_blank">Paxton Hoad Subiaco</a> agent James Paxton with price hopes of $2.25 million. 
 
{module 238}
</body></html>

cknowlton-QnEa6ntUYP

Living large in Subiaco

<html><body>
The property market in one of Australia’s most remote towns appears to be turning around, if you believe figures put out by the Real Estate Institute of Western Australia. 
The institute says the median house price in Broome, 2,200 kilometres north of Perth, increased by 6% over the June quarter of 2011. 
In comparison, Perth house prices fell 3% over the quarter, the fifth consecutive quarterly contraction. Houses are now selling at the pre-GFC level of about $475,000, a fall of 6% from the March 2010 peak of $505,000. 
Broome’s performance in the June quarter not only stands out in stark contrast to Perth, but is a significant turnaround on the regional market’s performance earlier this year. 
In the March quarter, Broome house prices fell by 9.1% and were down 11.8% compared with a year prior, according to Real Estate Institute of Australia figures, with houses selling in a wide range between $533,000 and $700,000. 
More recent data compiled by Australian Property Investor shows Broome house prices down 8.1% for the three months to April 2011 and 15.4% over the 12-month period, with a median house price of $533,000, median weekly rent of $565 and a yield of 4.5%. 
Broome is most famous for its pearls, the white sands of 22-kilometre long cable beach and as a tourist destination. It has a resident population of about 15,000. 
Despite its remoteness, Broome can be reached by air from most capital cities and is connected by road via the Great Northern Highway and the North West Coastal Highway. 
Graham McGinn of Hutchinson Real Estate says prices in Broome are showing some signs of firming, with the rental market still very strong. 
“There is some upward pressure on rents,” he says.
McGinn says that in the past Broome has been very attractive due to its rental return, but investors are now conspicuous by their absence. 
“Most buyers are owner-occupiers,” he says. 
“We still get sea changers coming to Broome. People who are travelling around Australia stop and have a look around. If they like it, some come back and buy.” 
“They come for the beach lifestyle, though it gets pretty hot during the wet season which runs from November to March,” he says. 
He describes the most recent wet season as “fantastic”, which may have played a factor in the recent uptick in Broome prices over the quarter. 
McGinn says vendors currently have to discount their properties anywhere between 4% and 8% of the asking price. 
Recently, gas giant Woodside received state approval for its controversial $30 billion Kimberley LNG hub at James Price Point. 
McGinn says it the project will have some impact. 
Allan Griffiths, principal at First National Real Estate Broome, is also hopeful the project will give a boost to Broome property prices. 
He questions the latest REIWA figures and says the market is “fairly flat”. 
“The increase is coming from low base of turnover,” he says, adding that the median price might have been given a boost by the recent sale of a house at Sunset Park near Cable Beach for around $1.35 million. 
“The market is very selective. We won’t list properties that are overpriced.” 
“There is ample supply and limited demand. There have been no investors in the market for some time,” he says. 
State government land developer LandCorp has recently released a large quantity of land into the market. 
Two key developments include Broome North, which will ultimately be home to up to 13,000 people, and the 35-hectare Januburu Six Seasons estate, which will eventually accommodate 345 homes across single residential and group housing lots. 
However, Griffiths says it’s cheaper to buy an established house in Broome than buy land and build on it</body></html>

lschlesinger-FZcF9M3vE6

Hotspots: Broome market turning around

<html><body>
{yoogallery src=[images/stories/july22swanview]}
55A Swanview Terrace, South Perth, WA, 6151
With striking marble everywhere you look and opulence in every fitting and fixture, this house is anything but understated. It comes fully furnished and includes artwork. The owner, who demands that all visitors remove their shoes before inspecting the property, had the property as part of an investment portfolio, and it has never been lived in. Overlooking the Swan River foreshore, this 513-square-metre house includes a home theatre, fleur-de-lis woollen carpets throughout, $10,000 worth of textured wallpaper and piped music throughout. It has five bedrooms and three bathrooms and more space than an owner will know what to do with. It is being sold by <a href="https://www.verseproperty.com.au/Buying/Search/Detail.aspx?id=VPG215&amp;wlid=8dc7898f-d920-406c-b1e6-5ec7310eb8a2" target="_self" title="Verse Property">Verse Property </a>agent Prakesh Dayanandan with price hopes of $5.85 million plus. 
 
{module 238}
</body></html>

Absolute opulence in South Perth

<html><body>
Swashbuckling West Australian property developer Warren Anderson has been bankrupted.
His fortune – estimated at $190 million by BRW in 1989 – had been amassed over 20 years spent consolidating supermarket sites for Coles and speculative office market construction.
He invested his profits into his passion for trophy properties filled with the finest of antiques. He was also passionate about animal welfare and preservation.
“You don't get a feed in the bush by making a lot of noise as you go through," Anderson once said of his predilection for privacy.
But when Anderson had issues with bankers knocking on his front door after the 1990s property downturn, the tycoon famously fought to maintain his Elizabeth Bay residency, the Spanish Mission-style trophy home Boomerang, on the front page of the Sydney Morning Herald.
Boomerang had been repossessed by the Bank of New York in 1993 but Mr Anderson's security guards briefly took over the property before the bank regained possession after a $56 million demand notice.
Boomerang was then auctioned after a last-minute court challenge failed to stop the mortgagee sale.
The Bank of New York also started proceedings over another Anderson property, the historic Fernhill mansion at Mulgoa in Sydney's outer west, but Anderson managed to maintain its ownership.
Anderson, whose developments include about 70 shopping centres, six office towers and Northern Territory's parliament house, was almost brought to his financial knees by the Rothwells-Westralia Square fiasco.
Builder Warren Sizer was the petitioning creditor at the June 21 sequestration hearing with Mark Conlan appointed his insolvency trustee.
Sizer launched proceedings over unpaid bills for work on a half-finished Johnston Street, Peppermint Grove project.
Anderson has put the bankruptcy down to losing control of his finances after receivers took over all the family trust assets following a messy public divorce.
Receivers Korda-Mentha have now placed Fernhill, his $50 million plus place of residence, for sale through Colliers. The antique contents were auctioned last year.
During the early proceedings with Sizer, he showed unusual signs of weariness towards the ongoing court battles and lawyers' fees.
"If you don't have money, you don't get justice because the lawyers absolutely devastate you with fees," he suggested.
Now he concedes: “The whole bloody shooting match is up in the air and beyond my control.”
</body></html>

jchancellor-FAypfDUnLy

WA property tycoon Warren Anderson bankrupted

<html><body>
The streets of Western Australia are often made to sound like they flow with gold, magnetite, copper, zinc and nickel. But the south-west of the state is looking like the investor’s poor cousin.
Despite being in the throes of the mining boom, the Kalgoorlie/Boulder region of WA has never pulled the double-digit returns of the Pilbara.
New REIWA figures for the March quarter 2011 show the region has a residential yield of 5.5%, which is half that of the Pilbara. Local agents attribute this to the maturity of the market and good planning.
“We have kept up with housing demand for more than 100 years. Karratha and Port Hedland are young and unrealistic. The WA government has even had to step in to help with the Pilbara Cities project,” says Allan Pendal, a partner of Kalgoorlie agent John Matthew &amp; Sons.
Investors hold about 25% of housing stock in Kalgoorlie-Boulder so owner-occupiers drive development. Expansion of the Eastern Goldfields is likely to see some growth.
“While we have no surplus of housing, the yields are kept realistic because we keep up with demand. The rental vacancy is about 1% but the turnover is high at between 2 and 3%,” he says.
Valuer Michael Valetta, director of CBRE Perth, says residential prices throughout the region are very soft and will stay that way for years. He says the mining boom is not always the dominant player.
“In 2009 Ravensthorpe and Hopetoun were hit hard by BHP Billiton’s decision to close the nickel mine. People just didn’t need to live there anymore,” Mr Valetta says.
Canadian resources outfit First Quantum Minerals has now bought the mine, in a move that has already changed the face of the region.
“We have experienced a small revival with the mine reopening,” says local agent Terri Pens of Elders Real Estate Hopetoun.
“While 2009 was a tough year, things are certainly improving. My 150-property rent roll has no vacancies,” Mrs Pens says.
The estate agent expects a housing shortage as Tectonic ramps up its Phillips River project, while Galaxy has opened a lithium mine in Ravensthorpe.
In 2009 Mrs Pens sold 18 houses for BHP for between $375,000 and $395,000. She has just listed a property for resale and expects it to go for $500,000.
But despite this activity, yields remains below 5% for top-of-the-range houses associated with the mines.
In the parallel world of non-mining property, RP Data has the median house price for Ravensthorpe for June 2011 at just $140,000 – down 47.9 per cent on last year – but at least people are returning to the town and the school is full.
Further south, on the southern tip of the state, Albany, with its low rental yield of just a tad over 4%, is not expecting any such benefits should the proposed $1.95 billion Southdown magnetite mine go ahead. Such an operation, which would pump the mineral as slurry 90km from the Wallstead deposit to Albany, will produce about 600 jobs.
“We will employ locally where we can and those that we employ from further afield will be expected to live locally. The numbers will not be huge,” says a Grange spokesperson.
REIWA WA March quarter 2011 residential rental yeilds: houses  
 
Region / Median / Rent per week / Gross yield
Albany Urban Area $383,360 $300 4.1%
Augusta/Margaret River $437,500 $320 3.8%
Broome Urban Area $607,500 $665 5.7%
Bunbury Urban Area $365,000 $330 4.7%
Busselton $415,000 $310 3.9%
Esperance $350,000 $290 4.3%
Geraldton/Greenough $400,000 $320 4.2%
Kalgoorlie/Boulder $330,000 $350 5.5%
Karratha Urban Area $795,000 $1,600 10.5%
Mandurah/Murray $391,500 $320 4.3%
Northam $287,000 $310 5.6%
Port Hedland Urban Area $751,750 $1,600 11.1%
 
Source: Landgate/reiwa.com ©
</body></html>

andreadixon-oif3j7eKne

South-west WA loses out in mining boom

<html><body>
{yoogallery src=[images/stories/june27melville]}
13 Melville Beach Road, Applecross, WA, 6153
With absolute river frontage, this four-bedroom, two-bathroom house in one of Perth's most sought-after suburbs is built in the style of Art Deco. The 702-square-metre house offers panoramic views of the Swan River from just about every room, and no expense is spared when it comes to fittings and finishes. The house features a swimming pool, sundeck, gas fireplace and balconies with river views. It is for sale through <a target="_blank" title="William Porteous" href="https://www.porteous.com.au/property.aspx?pid=252785">William Porteous</a> agent Mark Dimmock, with price hopes of $2,495,000. 
 
 
{module 238}
</body></html>

Art Deco-inspired grandeur in Applecross

<html><body>
{yoogallery src=[images/stories/june26peppermint]}
5/113 Forrest Street, Peppermint Grove, WA, 6011
This three-level townhouse in one of Perth's poshest suburbs offers elegance and plenty of room to move. The three-bedroom, two-bathroom house features all the conveniences one would expect in this price range, plus extras like a wine cellar, lift and home cinema. The interior is light and airy, with 455 square metres of living space. It is close to schools, Napoleon Street and the river. The house is being sold through <a target="_blank" title="William Porteous" href="https://www.porteous.com.au/property.aspx?pid=256277">William Porteous Properties</a> agents William Porteous and James Francis-Hayes, with price hopes of $2,695,000 plus. 
 
{module 238}
</body></html>

Fresh sophistication in Peppermint Grove

<html><body>
{yoogallery src=[images/stories/June20preston]}
166 Preston Point Road, East Freemantle, WA, 6158
Over three levels, this riverfront East Freemantle house has 556 square metres of living space and stylish features and fittings. The four-bedroom, three-bathroom house has a triple garage, large games/billiard room and sweeping views up the Swan River. The house has a workshop, storeroom and storage room, and a lift services the upper floors. It is being sold by<a target="_blank" title="LJ Hooker Freemantle" href="https://www.ljhooker.com.au/B6SH35"> LJ Hooker Freemantle </a>agent Andrew Johns with expectations of $2.69 million plus. 
</body></html>

River views with style to spare

<html><body>
Name: Scott Staniforth Company/organisation: Otan Property Funds Management Position: Business development City of residence: Perth Number of years in the industry: On and off over six years
During a stellar career, Scott Staniforth played 106 Super rugby games and made 12 appearances for the Wallabies. He’s since swapped his rugby jersey for business attire, making his mark in property investment. He tells Property Observer how he’d spend $500,000 and who he tips to win this year’s Rugby World Cup.
 
 
 
 
What sparked your initial interest in property? 
Coming from a farm, it was a natural fit. I remember vividly a career night at school where I spoke with a real-estate agent most of the night. I promptly went back to the boarding house and looked up property courses then investigated enrolling in a bachelor of commerce degree, majoring in property economics at the University of Western Sydney.
 
What was the first property you bought? 
A two-bedroom unit in North Sydney.
Are you a trader or holder of property?
A bit of both, but generally I prefer to hold.
So far, who or what has been your biggest influence in your life or career?
My beautiful wife – she has been my sounding board throughout my rugby and property careers.
What are the ingredients you need to be successful in the property market?
A good work ethic and persistence. People who are honest, fair and think outside the square make the best investors.
Are you bullish or bearish about house prices? Why?
I think the market has bottomed out, so buying at today’s prices will put you in a good position. In WA, the resources boom is putting a lot of pressure on rental prices and supply is pretty limited. Prices won’t boom like they did before the global financial crisis, but there will be a smaller one that will bring steady increases in sales and prices.
If you had a $500,000 to invest right now, where would you invest it?
I would spread it out across the different projects in our fund, from Subiaco to Karratha, as this would provide diversity and they would mature at different times.
What skills learnt on the rugby field have you found useful in the property industry or in your current role?
I find a lot of similarities including team work, respecting people’s differences, patience, and doing the little things that others aren’t prepared to do.
Who was the toughest opponent you ever faced on the playing field?
I had a few. On his day, Jonah Lomu was very tough, but through consistency of performance, I would say Tana Umaga.
Who are you tipping to win the World Cup?
Wallabies to win, with Ireland the dark horse.
Do you have a favourite iPhone application?
LinkedIn.
What are you reading at the moment? 
 
The Social Network by Ben Mezrich
What are you listening to at the moment?
Spice Girls, thanks to my 8-year-old daughter!
</body></html>

Scott Staniforth: On the ball

<html><body>
Though currently there is little interest in the Perth suburb of Mirrabooka from investors, close proximity to the CBD and the beach, investment in infrastructure and low prices relative to more fashionable neighbours suggest it could be a good long-term investment opportunity.
The St George National Property Hotspots Report has identified Mirrabooka as one of 24 suburbs across Australia that are likely to provide a strong value proposition when buying a home
The suburb is located just 11 kilometres north of the Perth CBD and an equal distance from the nearest beach. Built on an elevation, it offers views of the CBD and surrounding suburbs.
House prices in Mirrabooka are well below those of suburban neighbours in the city of Stirling. According to RP Data, the median house price is $362,500, up 4.3% on a year ago and 42.3% over five years.
Ninety percent of houses in Mirrabooka are detached, providing scope for both internal and external renovation. According to the St George report, land parcels are often quite large, suggesting there is potential for some subdivision of blocks.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="92" valign="top">
 
</td>
<td width="104" valign="top">
Mirrabooka
</td>
<td width="76" valign="top">
Balcatta
</td>
<td width="88" valign="top">
Nollamara
</td>
<td width="88" valign="top">
Balga
</td>
</tr>
<tr>
<td width="92" valign="top">
Driving time to CBD
</td>
<td width="104" valign="top">
30 minutes
</td>
<td width="76" valign="top">
20 minutes
</td>
<td width="88" valign="top">
20 minutes
</td>
<td width="88" valign="top">
22 minutes
</td>
</tr>
<tr>
<td width="92" valign="top">
Median sales price
</td>
<td width="104" valign="top">
$362,500
</td>
<td width="76" valign="top">
$500,000
</td>
<td width="88" valign="top">
$415,000
</td>
<td width="88" valign="top">
$370,000
</td>
</tr>
<tr>
<td width="92" valign="top">
% change in price in last year
</td>
<td width="104" valign="top">
4.3%
</td>
<td width="76" valign="top">
0.6%
</td>
<td width="88" valign="top">
1.5%
</td>
<td width="88" valign="top">
4.2%
</td>
</tr>
<tr>
<td width="92" valign="top">
Average time on market
</td>
<td width="104" valign="top">
71.2 days
</td>
<td width="76" valign="top">
47.2 days
</td>
<td width="88" valign="top">
50.1 days
</td>
<td width="88" valign="top">
82.3 days
</td>
</tr>
<tr>
<td width="92" valign="top">
Median weekly rent
</td>
<td width="104" valign="top">
$350
</td>
<td width="76" valign="top">
$380
</td>
<td width="88" valign="top">
$350
</td>
<td width="88" valign="top">
$320
</td>
</tr>
<tr>
<td width="92" valign="top">
Indicative gross rental yield 
</td>
<td width="104" valign="top">
5%
</td>
<td width="76" valign="top">
4%
</td>
<td width="88" valign="top">
4.4%
</td>
<td width="88" valign="top">
4.5%
</td>
</tr>
</tbody></table>
Source: All RP Data, except driving time to CBD, sourced from Google Maps
 
Mirrabooka’s rental market is greater than the Perth average, with 32.5% of all dwellings detailed as rentals. The median house rent for Mirrabooka is currently $350 per week, with indicative gross rental yields sit at 5%.
 
A difficult market: Agents
The sentiment from agents operating in Mirrabooka is that it is currently a buyers’ market, with vendors having to reduce their prices to attract buyers.
When Property Observer spoke to Michael Grogan, an agent from Carter Giorgi Real Estate, he had just sold a property in Mirrabooka at a “huge price” reduction.
Grogan says prices have to be priced right or they just won’t sell.
Currently, cheap rentals and low prices have made Mirrabooka popular with recent migrants and low-income earners.
But Grogan says that its proximity to the CBD means the suburb has the potential to change in the same way that Balgowlah West has done and become a sought-after suburb.
Suzana Angeleska, from Power Realty Alexander Heights, is marketing Mirrabooka houses that started off being listed for $350,000 but are now being offered for $330,000.
Even with the reduced prices, she says offers are coming in for $310,000. “There are not many buyers, but lots of properties available, it’s a buyers’ market,” she says.
“There are no investors coming into the market and no new developments.”
But she also sees potential for the suburb: “It’s very close to the city and central.
“It has good facilities and is close to the freeway. It is close to suburbs like St. Andrew and Northwood, which are very expensive,” she says.
According to the St George report, Mirrabooka “enjoys good quality public transport, with a number of bus routes servicing the suburb. Access to the suburb by private vehicle is relatively easy along the Reid Highway”.
Infrastructrure
 The City of Stirling has started investing in the infrastructure of Mirrabooka. This year, the suburb will benefit from a $13 million urban renewal project designed to enhance public infrastructure, public transport and development opportunities.
The project includes another road connection and the creation of two mixed-use sites to cater for residential and commercial developments in and around the town centre. In 2011 projects including a new community town square designed to accommodate community events, expansion of the Mirrabooka shopping centre and the refurbishment of the bus station were completed.
Currently, Mirrabooka Village providing smaller shopping conveniences, and the Mirrabooka Square Shopping Centre is a major shopping centre and includes a medical centre and public library. The Malaga Markets, in the neighbouring suburb of Malaga, also offers retail amenities.
Long-term view 
The Mirrabooka housing market appears to have solid prospects for future capital growth. The suburb shows relative affordability compared with most of the surrounding suburbs. Mirrabooka enjoys a plethora of local shopping amenities and has quality public transport. Many of the houses show considerable renovation potential, which is an excellent way to boost their value. 
Last year houses took on average, 56 days to sell, suggesting there may be some scope for negotiation. However, they recorded relatively low vendor discounting of -5.6%.
According to current RP Data information, the average number of days Mirrabooka houses are on market has risen to just over 71.
</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