Lower North Shore development specialists&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has topped out its new local apartment development,&nbsp;<a href="https://www.apartments.com.au/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn-nsw-2065">Northcote Collective</a>.&nbsp;

Located in the tightly held suburb of <a href="https://www.apartments.com.au/developments/naremburn-nsw-2065">Naremburn</a>, Northcote Collective is a collection of just 58 one-, two-, and three-bedroom apartments designed by award-winning architects Rothelowman.&nbsp;

The building is just a five to 10 minute walk from the heart of Crows Nest and the new&nbsp;St Leonards and Crows Nest Metro stations. Abadeen has also brought doorstep convenience, with a ground-floor retail offering on Northcote Street.

Northcote Collective is being delivered by&nbsp;<a href="https://www.apartments.com.au/builders/decode">Decode</a> — an iCIRT-rated construction company well regarded in the new development industry.

[smartcode_project:default project_id=114189 project_image_fid=272840]

“This is an important and exciting moment for Northcote Collective, and we’re proud to celebrate this milestone with our partners, consultants, and future residents,” said Justin Brown, Executive Chairman and Founder of Abadeen.&nbsp;

“From the outset, our vision was to create something truly special for Naremburn — homes that respect the character of the neighbourhood while elevating the standard of Lower North Shore living. With connectivity to transport, retail on the doorstep and a true village lifestyle, this milestone also comes at a perfect time when buyer confidence is returning to the market. I am incredibly proud of our team and of Decode for their dedication in helping us bring this vision to life.”

[smartcode_project:default project_id=114189 project_image_fid=272865]

The development is two-tiered, with two rooftops for residents. The taller building has an impressive rooftop pool, a rare inclusion in the new Sydney apartment market. The level, with panoramic views, also includes an entertaining terrace with barbecue facilities.

Local downsizers and young professionals are showing the strongest interest in the development, with recent improvements in the property market — supported by three rate cuts in 2025 — boosting borrowing power and buyer confidence.

Auction activity across Sydney surged by almost 30 per cent in recent weeks, with clearance rates above 70 per cent — signalling a renewed wave of buyer demand.

Northcote Collective will welcome buyers in 2026.

[smartcode_project_cta:default project_id=114189]

Joel Robinson

Abadeen tops out Northcote Collective in Naremburn

Sunshine Coast-based <a href="https://www.apartments.com.au/developers/devcon-property-group">Devcon Property Group</a> has acquired one of Maroochydore’s most prominent development sites for $12 million unlocking the potentialfor a mixed-use project in the Cotton Tree precinct.

&nbsp;

The 4,178 sqm site at 41–43 Aerodrome Road—well known locally as the former home to one of Australia’s last Sizzler restaurants—was sold via an off-market expressions of interest campaign by Colliers agents Nick Dowling and Baydn Dodds. More than 70 targeted buyer groups were approached, resulting in multiple competitive offers for the property.

Devcon Property Group Managing Director Michael Kain said the acquisition was a strategic move in line with the company’s focus on delivering high-quality projects in prime coastal locations.&nbsp;

“We’re excited about the possibilities this site, in one of the Sunshine Coast’s most iconic beachside &nbsp;communities, offers for a broad range of development outcomes,” Kain said.

“Its location, ocean view potential, and proximity to the Maroochydore CBD and beach make it an &nbsp;outstanding development prospect. Our plans are to refurbish the existing building and then review &nbsp;development options for the remainder of the site.”&nbsp;

<img alt="Aerodrome Rd site overlooking Beach (Large)" data-entity-type="file" data-entity-uuid="a29dc4ed-68c1-4bec-a4fc-283063dcde1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerodrome%20Rd%20site%20overlooking%20Beach%20%28Large%29.jpg?VersionId=b0WxJWevmLoAfCP4YvGImZpR3rSCJJ9L" />

Colliers Special Projects Manager Baydn Dodds said the sale reflected the ongoing strength of the &nbsp;Sunshine Coast’s development site market, particularly for projects capable of achieving water views. &nbsp;

“Sites of this scale, in walkable beachside locations with ocean views, are tightly held and continue to attract significant interest from both local and national developers,” Baydn Dodds said. &nbsp;

“Holding a prominent position as the former home to one of Australia’s last Sizzler restaurants and more recently occupied by Rashays, the prime site is located just 150 metres from Maroochydore Beach.&nbsp;

“With stunning ocean view potential, located in one of the Sunshine Coast’s best known iconic &nbsp;beachside communities, within steps of shops, cafes and the beach it is no surprise that there was strong interest in the site. The transaction highlights the ongoing depth of demand for well-located &nbsp;mixed-use sites across the Sunshine Coast.”&nbsp;

Colliers Sunshine Coast Managing Director Nick Dowling said the transaction reinforced the &nbsp;Sunshine Coast’s status as one of Australia’s most active development markets.&nbsp;

“The combination of strong population growth, lifestyle appeal, and infrastructure investment is &nbsp;driving demand for quality development opportunities,” Nick Dowling said. &nbsp;

“The Sunshine Coast is one of only three markets nationally to record an increase in crane numbers, &nbsp;reflecting the strength of the region’s construction pipeline.&nbsp;

“Opportunities like this are rare and continue to generate strong buyer interest in the region.”&nbsp;

The Sunshine Coast development market is booming, with several high-profile developers like Cube Developments, Gardner Vaughan Group, and RCQ, planning developments in the region.

Devcon buys Sunshine Coast’s former Sizzler site for new apartment development

Sydney House, the residential redevelopment of the landmark City Tattersall building on Pitt Street in the Sydney CBD, will officially launch to the market this month.

The $800 million development, a joint venture between&nbsp;Singapore-listed <a href="https://www.apartments.com.au/developers/first-sponsor">First Sponsor</a>&nbsp;and leading Melbourne-based developer&nbsp;<a href="https://www.apartments.com.au/developers/icd-property">ICD Property</a>, will see a glass tower with 241 apartments and a 135-room hotel built above the restored heritage-listed podium.

[smartcode_project:default project_id=12428 project_image_fid=312145]

The apartments will offer&nbsp;rare northeast-facing views across the sparkling Sydney Harbour and Hyde Park, all positioned above a luxury hotel with exclusive access to premium amenities and five-star lifestyle services.

Internationally acclaimed architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/bvn-architecture">BVN Architecture</a>&nbsp;handled the design for the residential component and the interiors for the hotel, while&nbsp;<a href="https://www.apartments.com.au/architects/fjc-studio">FJC Studio</a>&nbsp;focused on the heritage podium.

[smartcode_project:default project_id=12428 project_image_fid=6670]

First Sponsor’s CEO, Neo Teck Pheng, together with ICD Property’s CEO, Matthew Khoo commented that the joint venture team was ecstatic to bring this extraordinary project to market as the first opportunity for those looking to secure their ultimate CBD luxury residence elevated by premium hotel amenities, including select premium services designed for effortless living.

“<a href="https://www.apartments.com.au/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will offer a sophisticated expression of modern CBD living, capturing panoramic vistas to Sydney’s most beloved icons, including the Sydney Harbour Bridge as well as Hyde Park out to the North and South Heads,” Khoo said.&nbsp;

&nbsp;

[smartcode_project:default project_id=12428 project_image_fid=312146]

Mr Neo expressed that the reinterpretation of the heritage podium levels will feature an elegant heritage bar and restaurant, along with luxurious hotel and function facilities, enhancing the experience for residents. The historical features will be reborn, ensuring that these grand, opulent spaces will once again be enjoyed, appreciated and celebrated by residents, Sydneysiders as well as interstate and international visitors alike.

Managing sales for the project, SRM Residential Partner Tim Rees said that the team has received an overwhelming response to date, largely from local downsizers and upgraders looking for the ultimate lifestyle purchase.&nbsp;

“Once completed in late 2027, Sydney House will be Sydney CBD’s newest icon blending modern architecture with historic grandeur located in one of the most prestigious enclaves of the CBD,” Rees said.&nbsp;

“Pitt Street is arguably the most significant street in all of Sydney. Just a stone’s throw from Circular Quay, Sydney Opera House, Hyde Park and Darling Harbour, Sydney House offers seamless connection with the CBD and beyond. Pitt Street Mall is literally across the road and there is an abundance of dining and cultural venues in close proximity. The outlook from Sydney House will be breathtaking with views of Hyde Park and Sydney’s famous iconic landmarks on offer.

“Following the trend of other global cities such as New York, London, Paris and Tokyo, luxury inner city apartment living with access to premium hotel amenities is the new ‘trophy home’ for wealthy downsizers or empty-nesters who aren’t looking to slow down, as they want to live in the heart of the action.”

[smartcode_project:default project_id=12428 project_image_fid=350624]

The project boasts a prime CBD location surrounded by the city’s most premium shopping centres including David Jones and Westfield Pitt Street as well as some of Sydney's best restaurants, bars,&nbsp;pubs, theatres, museums, art galleries, and parks.

Residents will be able to access the newly opened Sydney Metro Gadigal Station, located within a block from Sydney House. This station provides connectivity to Martin Place (one min), Barangaroo (three mins) and North Sydney (11 mins) as well as Chatswood and Macquarie University through to Castle Hill and Norwest. With services every four minutes during peak times, the Sydney Metro provides the ultimate convenience with 21 stations from Tallawong to Sydenham.

One of Sydney’s leading residential construction companies, particularly in premium off the plan luxury residences, Richard Crookes Constructions, will complete the project in late 2027.&nbsp;

Price guides at Sydney House include one-bedroom apartments from $1.5 million, two-bedroom apartments from $2.3 million and three-bedroom apartments from $5 million.

[smartcode_project_cta:default project_id=12428]

Set to bring next level luxury to Sydney CBD’s prestige property market

Buyers set for first chance at Sydney House, Sydney CBD's newest landmark tower development

Joint venture partners&nbsp;<a href="https://www.apartments.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a>&nbsp;(APG)&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developers/base-developments">Base Developments</a>&nbsp;have kicked off construction&nbsp;on its second Gold Coast apartment tower, Affinity Broadbeach, which is due for completion in early 2028.

More than 50 per cent of the 180 two- and three-bedroom apartments have sold, with buyers particularly impressed by&nbsp;the spacious and functional floor plans, close proximity to the beach, premium inclusions, and expansive resort-style amenities.

APG has just released a new limited collection of three-bedroom skyhomes with three living rooms and four bathrooms.

[smartcode_project:default project_id=107690 project_image_fid=323744]

Graham Potts, Principal and Founding Director Amalgamated Property Group, said the strong demand for <a href="https://www.apartments.com.au/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach-qld-4218">Affinity Broadbeach</a> highlights a genuine need for affordable luxury residential developments on the Gold Coast.&nbsp;

“It’s exciting to see construction kick off on this sought-after project which is set to create a new benchmark in luxe coastal living on the Gold Coast," Potts said.

"Buyers are attracted by the seamless blend of convenience and elegance that Affinity offers, together with the knowledge that our 20-years of industry experience ensures we continue to deliver homes to the same high standards our reputation has been built on."

Capital Construction Queensland, the inhouse construction arm of APG, is handling the building. Potts says having the internal build capability provides buyers with confidence in delivering a high-quality building, referencing Amaya Broadbeach which is nearing completion nearby.

[smartcode_project:default project_id=107690 project_image_fid=323199]

Carly Cottam, CEO of <a href="https://www.apartments.com.au/project-marketer/motiv">MOTIV</a> Group which is selling Affinity, says there's a clear undersupply of property across Southeast Queensland and an even greater shortage of well-designed, spacious residences.

"That’s why Affinity has attracted such strong demand," Cottam says.

"Every detail, from the intricate finishes to the intelligent spatial planning, has been crafted for the discerning owner-occupier. Beyond the residences, the amenity is designed as a true extension of the home."

&nbsp;

[smartcode_project:default project_id=107690 project_image_fid=6678]

Affinity’s superior amenities are resonating with buyers who are impressed by the range on offer, from the expansive outdoor heated pool, to the state-of-the-art gym, steam and sauna facilities, outdoor entertaining terraces, and a business centre.

"The offering reflects exactly what buyers are seeking when right-sizing or upgrading - spacious residences complemented by curated residential amenity, all within moments of the beach and vibrant retail and dining precincts,” Cottam added.

[smartcode_project:default project_id=107690 project_image_fid=6676]

Dennis Milin, Principal of Base Developments and Milin Builders, and Director of Capital Constructions Queensland, said the team is excited to deliver another collection of premium homes in the heart of Broadbeach.

"With more than three decades of proven success in construction and development, our award-winning portfolio across the ACT and NSW speaks for itself, now further demonstrated by the strong progress at Amaya Broadbeach on First Avenue in Queensland,"&nbsp;Milin said.

“In partnership with a highly regarded team of designers, engineers and trades, and supported by our experienced Gold Coast construction professionals, we remain committed to delivering projects defined by quality, timeless design and uncompromising standards."

Early works at Affinity are already advancing, with guide walls for shoring and bulk excavation underway.

[smartcode_project:default project_id=107690 project_image_fid=323196]

With a proven track record in large premium projects, APG has been developing residential and commercial property across Australia for more than 20 years. APG and Base Developments are the same duo behind the successful Amaya Broadbeach, currently under construction on First Avenue and due for completion in early 2026, as well as a number of other successful joint developments in Canberra, including Botanical in Turner, Kiara in Narrabundah, Ivy in Woden, and the three-tower Oaks precinct in Phillip.

APG is currently building The Eastbourne, 349 homes, a premium office building, and a retail and dining precinct at ANZAC Park East.

[smartcode_project_cta:default project_id=107690]

Amalgamated Property Group and Base kick off construction at Affinity Broadbeach

&nbsp;

A local Australian has spent a Lower North Shore record $15.1 million at <a href="https://www.apartments.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the new TOD above the recently opened Crows Nest Metro Station.

The buyer amalgamated a penthouse and sub-penthouse to create the triplex apartment that will have five bedrooms, five bathrooms, a private rooftop pool, expansive terrace, and panoramic views of Sydney Harbour and skyline. The building is being created by burgeoning developer Third.i, alongside joint venture partner Phoenix Property Investors.

The buyer was drawn to Elevate’s unrivalled connectivity, situated directly above the&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station, and the vibrant lifestyle precinct that surrounds it. The Metro connects to the CBD in just seven minutes, and Chatswood in four.

[smartcode_project:default project_id=142550 project_image_fid=309367]

Designed by internationally acclaimed architects <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, Elevate draws inspiration from the ancient blue gum forests native to the area. The building is a Net Zero development, created in consultation with Indigenous communities and exceeding sustainability benchmarks. Interiors feature chevron-engineered timber flooring, natural stone benchtops, and premium Sub-Zero Wolf appliances, delivering timeless elegance and next-level comfort.

The exchange of the $15.1 million apartment, follows a recent $5 million sale, and over $30 million currently in expressions of interests. Interest in Elevate’s penthouse stock has surged, reflecting a strong appetite for ultra-luxury residences that combine design excellence with unmatched connectivity.

[smartcode_project:default project_id=142550 project_image_fid=309369]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group.&nbsp;

“These recent sales are a testament to the vision behind Elevate. It’s not just about luxury finishes or panoramic views, it’s about creating homes that are deeply connected to the city and the community. Buyers are responding to that. They want to live somewhere that offers more than just a postcode, they want culture, convenience, and long-term value. Elevate delivers all of that, and more.”

[smartcode_project:default project_id=142550 project_image_fid=297878]

As part of the Hume Place precinct, Elevate is transforming Crows Nest into Sydney’s most dynamic urban village. Elevate’s unique position directly above the metro, combined with its curated amenity offering, has made it a magnet for buyers seeking a future-proof investment and a vibrant urban lifestyle.

The next release at Elevate is expected later this year.

[smartcode_project_cta:default project_id=142550]

“We’re seeing a significant uptick in interest from local and international buyers who are prioritising connectivity, sustainability, and lifestyle,” said Callum Billinghurst, Head of Sales at Third.i Group


Third.i & PPI set Lower North Shore apartment record with $15.1m sale at Elevate Hume Place penthouse amalgamation

ME Bank

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Positive sentiment among those in the property market has reached an all-time high, since ME Bank first started its quarterly property sentiment report in 2019.

According to the report, conducted in January, Aussie property investors recorded a 15 per cent increase in positive sentiment over the quarter, with buoyed sentiment supported by expectations for residential property price increases, higher levels of market activity and government incentives.

The rise in positive sentiment was reported across all states and territories, with 72 per cent of those ‘looking to buy’ noting that stimulus measures have made buying or investing more attractive to them.

Combined with the current record-low interest rates, investing in a property is becoming an attractive option. As a result, ME’s head of home loans Claudio Mazzarella said to expect to see property investors back in full force this year.

<h2>Expectations for rising property prices</h2>

Property owners are less concerned about ‘COVID-19 impacting the value of their property’ according to ME’s report.

77 per cent of survey participants indicated they ME’s report ’expect to see property prices bounce back’ this year and 54 per cent of property owners and buyers predicted ‘prices will go up’.

“It’s clear from our latest Report that most Australians anticipate a strong uptick in residential property prices. The data also shows a general increase in people’s sense of wealth and financial confidence as a result of these price movements”, Mazzarella said.

With property <a href="/expert-insights/buying/first-home-buyer-trends-will-2021-be-the-renaissance-of-the-suburbs" target="_blank">experts recommending first home buyers take advantage</a> of the remaining months of the HomeBuilder grant and government incentives, first home buyers may need to get in now.

“The flip side to higher property prices is that it will make it harder for first home buyers to get their foot in the door. It will be important for new entrants in the property market to do their research,” said Mazzarella.

Raised level of activity is expected to continue over the coming months as 78 per cent of report respondents ‘expect there will be more residential real estate activity this season to make up for last year’.

Queensland reported the highest level of positivity in Australia, with 56 per cent in metro areas and 58 per cent in the regions. 
 

<h2>New off-the-plan apartments you can secure in Queensland</h2>

1. Cabana, Palm Beach 
Address: 1 Nineteenth Avenue, Palm Beach QLD 4221 
Three-bedroom apartments from $2,325,000

[smartcode_project:default project_id=84861]

Cabana offers a collection of 34 apartments, delivered by Ignite Projects and designed by Plus Architecture. 

Fringed with coconut palms and offering views over Palm Beach and the Gold Coast hinterland, Cabana boasts an exclusive residential living experience 
 

2. Chevron One, Surfers Paradise 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
Two-bedroom apartments from $705,000

[smartcode_project:default project_id=6515]

Delivered by Bensons Property Group, Chevron One rises 41 levels, boasting views of the famous waterways and beaches of Surfers Paradise. 

Designed by Marchese Partners, the residence features an outdoor lagoon pool, residents' lounge and kitchens designed by renowned chef, Shannon Bennett.  
 

3. Miles Residences, Kirra Point 
Address: Corner Miles Street and Marine Paradise, Kirra QLD 4225 
Two-bedroom apartments from $795,000

[smartcode_project:default project_id=27575]

Designed by Woods Bagot, Miles Residences offer a collection of architecturally designed one, two and three-bedroom apartments, many with an additional multi-purpose room. 

The residence, delivered by the KTQ Group, is framed by Norfolk pines and situated upon Australia's rare north-facing beaches. 
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According to ME Bank's quarterly property sentiment report, Aussie property investors recorded a 15 per cent increase in positive sentiment over the quarter

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Is now the time to buy? Positive sentiment at an all-time high among property investors

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Property prices are expected to rise across multiple markets in 2021, according to ME’s head of home loans, Andrew Bartolo. 

He expects a resilient housing market that has weathered the economic pressures of COVID-19 together with lower interest rates will give homebuyers and investors’ confidence.  

According to a ME survey of 1,500 households conducted this month, 46 percent of owner occupiers expect the value of their dwelling to increase during 2021.

Only 5 percent anticipate a decline reflecting a substantial change from six-month prior when only 22 percent expected dwelling prices to rise and 25 percent expected them to decline.

Sentiment among those intending to buy or sell in the next 12 months will likely be "two-speed," he expects.

"Many will be looking to buy or sell as soon as possible, while others may delay their move until they feel more confident about their own personal finances and/or the economy.”

Buyer activity is expected to be up year on year due to so much of 2020 being affected by lockdowns and buyers and sellers waiting to see. 

“More investors will re-emerge in 2021 in search of income and capital growth.

"Record low interest rates will drive momentum across the market.

“Strong first home buyer activity will also continue, after a brief dip in property prices.

"Historically low interest rates, stamp duty exemptions, government grants and the absence of foreign investors will continue to propel first home buyers into action.”

He expects early 2021 is expected to be a bumper property season that will rival the traditional spring frenzy as buyers respond to a late surge in auction listings. 

“Topping the property trends in 2021 is the desire for ‘urban village’ living, related to the significant increase of professionals working from home," he noted.

“While there are still many challenges including unemployment, job insecurity and lower immigration, we’re seeing some positive signs: improved consumer confidence, stronger auction clearance rates, more transactions, and falling loan deferrals – generally considered proof of a healthier market."
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Property prices are expected to rise across multiple markets in 2021, according to ME’s head of home loans, Andrew Bartolo

jchancellor

Property prices to rise across multiple markets in 2021: ME’s Andrew Bartolo. 

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Online home loans are offered by banks and lenders that do not have branch access or employ staff to meet with customers in person. 
More often than not, the trade-off is getting cheaper interest rates and paying lower ongoing fees. 
While most banks and lenders are governed by the Australian Prudential Regulation Authority (APRA), some online lenders are not governed by the APRA. 
Nonetheless, all online lenders must adhere to a set of guidelines by the Australian Securities and Investments Commission (ASIC) which means, though you won't have any in-person banking service, you will still have consumer protection rights which includes the right to make a complaint through the Australian Financial Complaints Authority (AFCA)
There are a growing number of online lenders in the Australian market, the main ones being <a href="https://www.clickloans.com.au/" target="_blank">Click Loans</a> (3.76 per cent comparison rate per annum), <a href="https://www.mebank.com.au/" target="_blank">ME Bank</a> (3.44 per cent), <a href="https://www.statecustodians.com.au/" target="_blank">State Custodians </a>(2.85 per cent)<a href="https://www.statecustodians.com.au/" target="_blank">,</a> <a href="https://www.ubank.com.au/home-loans" target="_blank">UBank</a> (2.84 per cent),<a href="https://tictoc.com.au/" target="_blank"> Tic:Toc</a> (2.8 per cent) <a href="https://australianmortgage.com/" target="_blank">Australian Mortage Marketplace (AMM)</a>, and <a href="https://www.loans.com.au/" target="_blank">loans.com.au</a> (2.8 per cent) to name a few. 
Like most home loans, online home loans require applicants to submit paperwork proving their eligibility for a loan. 
At <a href="https://www.mebank.com.au/home-loans/" target="_blank">ME Bank</a> for instance, the below are required:
1. Proof of Identity
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/9/5_IDENTITY.jpg" alt="">
 
Not being able to meet and greet you in person means that online lenders will need proof that who they're lending to is you. 
Applicants will need at least 100 points of ID upon application. 
ME Bank recommends, "A passport is a good start, plus a combination of your driver's licence, bank cards, Medicare card or birth certificate." 
2. Paperwork 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/9/business-office-entrepreneur-professional.jpg" alt="" style="caret-color: #000000; color: #000000;">
Not everything online is more convenient, and the paperwork required for an online home loan is a prime example. 
ME Bank required its applicants to have: 
<ul>
<li>At least three consecutive payslips;</li>
<li>A copy of your latest PAYG Summary or Notice of Assessment from the ATO; </li>
<li>Any bank statements showing other income, like Centrelink payments;</li>
<li>Your accountant's details, if you're self-employed; and </li>
<li>Evidence you've saved for a deposit. </li>
</ul>
In addition, paperwork regarding your financial position is needed because being eligible for a home loan is not solely based on how much one earns. 
This set of paperwork is necessary in assuring lenders that you can afford to repay your loan. Therefore, ME Bank also requires:
<ul>
<li>Any other loans or debts you have, like car finance or personal loans; </li>
<li>Assets in your name; and</li>
<li>An estimate of your living expenses.</li>
</ul>
Most lenders will also require you to have a clean credit report prior to approving your finance, so a copy of your cred report will also be important. 
Last but not least, the final piece of paperwork is a statement from you about the security for your loan, which in laymen terms means the home you are applying a loan for. 
You will be required to supply details in writing of the property, and include the signed contract of sale.
If you're building, you'll need a council permit and your fixed-price builders contract. 
Like most of the prior procedures, this is to assure lenders of where the money is going, and whether it is a secure investment. 
3. A Solicitor or Conveyancer
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/9/5_LAWYERS.jpg" alt="">
Last but not least, towards the end of the application, you will be asked to provide details of your solicitor or conveyancer. 
ME Bank explains, "Having your legal professional lined up before you're ready to apply for a loan will speed up the paperwork."
ME Bank is an online bank founded in 1994, and is owned by a group of approximately 30 Industry Super Funds. 
Around 5,000 of Australia's 11,000 mortgage brokers are accredited with ME Bank, so it is crucial that you ask your mortgage broker if they offer ME's home loans. 
Online home loans also have a selection to choose from, so it is recommended that aspiring borrowers shop around to see which is most suitable. 
State Custodians for instance offer the below:
<ul>
<li>Low Rate Home Loan; </li>
<li>Investment Home Loan;</li>
<li>Fixed Rate Home Loan; </li>
<li>Interest Only Home Loan; and</li>
<li>Low Rate Line of Credit </li>
</ul>
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j.ballantyne1990-6AQqhLzZaK

What you need to know when getting an online home loan: ME Bank

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ME Bank's latest quarterly report found that Australia's rising house prices are not deterring first home buyers, and instead buyer sentiment has flipped 180º. The surge of first home purchases is accelerating the increase in property values due to competition in the market. 

The report, conducted at the beginning of January, found that more than half (51%) first home buyer respondents are planning to buy property within the next 12 months. This confidence in the market is even despite 92% of all respondents agreeing that housing affordability is a big issue in Australia.

Urban's data further reinforces ME Bank's findings, with 45% of first home buyers making the most property enquiries over the December/January period, compared to next home buyers (39%) and investors (16%).

In November, <a href="/news/new-urban-data-shows-next-home-buyer-property-enquiries-overtake-first-home-buyer-interest">Urban reported</a> that Next Home Buyers were the most proactive in their property search; however, this sentiment has appeared to have shifted within the space of two months.

<h2>The innate fear of "missing out"</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_146162657.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_146162657.jpg?itok=O4SjbC4K" width="580"></a></figure>ME Bank's General Manager Andrew Bartolo explains that fear of missing out could be a potential reason for the sudden increase in first home buyers' uptake in residential property.

"The recent property price recovery has likely nudged first-home buyers to get in while they can – as though it's now or never – and has created a sense of FOMO," Bartolo says.

"<a href="/guides/how-australia-s-interest-rate-cuts-could-impact-first-home-buyers">Low-interest rates</a> and commentary in the market for the support of first-home buyers may have also contributed to an increase in home-buying intentions."

In November last year, there were even a number of first home buyers who <a href="/news/first-home-buyers-camp-overnight-to-secure-affordable-property-in-geelong">camped overnight to secure property</a> at Victoria's Halcyon Armstrong Creek, 84 kilometres from Melbourne's CBD.

<h2>Purchase with diligence (rather than haste) to be rewarded</h2>

Increased first home buyer competition is not an unexpected market change. We observed the same trend occur in both <a href="/news/new-urban-data-shows-next-home-buyer-property-enquiries-overtake-first-home-buyer-interest">2019</a> and <a href="https://www.corelogic.com.au/news/share-purchases-first-home-buyers-has-lifted">2018</a>, which goes to show the ebbs and flows of the tumultuous property market. While there is discussion across the market suggesting <a href="/guides/five-reasons-why-now-could-be-a-good-time-to-buy-off-the-plan">now is the best time to buy property</a>, many industry experts have weighed in on the importance of buyers purchasing property at a time that is right for them, rather than being tempted to race into a sale.

<blockquote>
"While it may be tempting to get into the market now before prices are predicted to keep rising, it's important to think long-term. Picking the peaks and troughs of the housing market is difficult - buy when it's right for you, at a price you can afford, and get advice from a professional."
</blockquote>

Andrew Bartolo, ME Bank General Manager

In addition to Andrew's advice, due diligence is a critical process when purchasing any property – and one that takes time. A decision made with haste could mean buyers neglect vital aspects of their due diligence research because of time constraints. 

<h2>Property seekers are looking for more variety of housing stock</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_500241331.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_500241331.jpg?itok=bOn2tP46" width="580"></a></figure>Buyer requirements are changing, providing an excellent opportunity for developers to think creatively about their future projects. According to ME Bank's report, almost 1 in 2 respondents identified a lack of choice available on the property market. This means buyers could be making sacrifices regarding their home and its location. Many first home buyers are <a href="/guides/overwhelming-sales-statistics-last-week-reveal-reinstated-confidence-in-the-off-the-plan-market">moving to the outer suburbs</a> of Australia's major cities due to housing affordability. 

Developers are encouraged to accommodate the burgeoning market with a broader range of apartment offerings and take a more future-focused approach. This could involve creating more flexibility and customisation within each floorplan, projects with a more sophisticated integration within the community, more practical amenities (worksheds, vegetable gardens, co-working spaces etc.) or even '<a href="/expert-insights/buying/rent-with-an-option-to-buy-the-housing-model-helping-first-home-buyers-into-the-property-market">rent with the option to buy</a>' developments.

It'll be interesting to watch how the next few months play out, and whether developers cater to the rapidly growing demand. 

If there's something you believe apartments are lacking that developers could include, let us know in the comments. 

<div class="rtecenter">Related articles</div>

<div class="rtecenter"><a href="/guides/2019/06/17/urbans-first-home-buyer-guide">First Home Buyer Guide (24 simple steps)</a></div>

<div class="rtecenter"><a href="/guides/how-to-navigate-australias-first-home-buyer-grants">How to navigate Australia's First Home Buyer Grants</a></div>

<div class="rtecenter"><a href="/guides/20-things-you-should-look-out-for-before-you-buy-property">20 things you should look out for before you buy property</a></div>
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Olivia Round

First home buyers snap up property due to ‘fear of missing out’

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Confidence in the Sydney property market has continued to grow, according to a survey from ME Bank
ME Bank's latest Quarterly Property Sentiment Report, which survey's 1,000 Australians already in the property market, has seen sentiment in the NSW capital soar over the last few quarters.
In the second quarter 2019, only 24 per cent of respondents thought values in the NSW metro area would increase in the next 12 months.
There was a sentiment spike in Q3, but the biggest jump was between Q3 and Q4. Now 57 per cent think values will rise.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/12/ME%20Bank%20senitment.jpg" alt="">
There's similar confidence in the Melbourne area too. 57 per cent of survey participants believe values will rise in the next 12 months.
Andrew Bartolo, ME's general manager home loans, said the past three months have been a critical time for the property market.
“After a period of price declines in Australia’s key property markets, consistent house price increases over the past three months have created a much-needed period of stability, providing more certainty that early price increases weren’t simply a blip in the data.
There wasn't a large spike in sentiment from the first home buyer camp, which Bartolo says suggests the recent house price movements may have marked the end of a unique opportunity to buy ‘at the bottom’.
"The recent uptick in first home buyer activity recorded by the ABS may represent the scramble to get in while they can due to renewed affordability pressures as prices rise," Bartolo noted. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/12/Property%20sentiment%20ME%20Bank.jpg" alt="">
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“The surge in optimism about houses prices over the past six months reflects just how much the external environment has changed since ME launched its first Quarterly Property Sentiment Report in April. 
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“With a relatively solid spring selling season and a number of months’ worth of house value growth under the belt - according to CoreLogic data - there’s more confidence that the upward trajectory of prices will continue, albeit modest increases.”
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jrobinson-rf4aSBido9

Sydney real estate sentiment continues to rise: ME Bank survey

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ME Bank has announced it will cut interest rates for all existing variable home loan customers by 0.15%, after passing on the full RBA rate cut in June.
The effective date for the latest reduction in variable home loan rates is 23 July. 
ME bank said, "In setting interest rates ME considers the needs of all stakeholders while ensuring the pricing of all products remains sustainable."
Just hours after the RBA announced they are further dropping the cash rate by 0.25% today, non-bank lenders were slashing rates ahead of the Big four.
<a href="https://www.athena.com.au/?gclid=Cj0KCQjw5J_mBRDVARIsAGqGLZCKwKfQxKUvNT0g33wrh6Kg2oBRfwJBwNSWn4iuj0nJVqF2uEWWJ6EaAqxjEALw_wcB" target="_blank">Athena</a> home loans announced it will be passing on the full rate cut.
Another passing on the full rate cut with rates as low as 2.89% is Reduce Home Loans.
Both Reduce Home Loans and Athena's cuts are effective immediately.
Reduce Home Loans was awarded Australia’s Cheapest Home Loan by Money magazine in 2016, 2017, 2018 and 2019.
Resimac and subsidiary State Custodians have both announced they will be passing on the full July RBA rate cut, effective July 24.
The <a href="/expert-insights/finance/big-four-face-non-bank-lender-rate-cut-blitz">Big Four</a> were slower facing a blitz of quick cuts from non-bank lenders, however they have all announced their proposed rate changes which can be seen below.
<img src="https://www.urban.com.au/images/2019/7/3/July%20Big%204-1.JPG" alt="">
(Source: Ratecity.com.au)
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ME Bank announces July home loan rate cuts

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ME Bank has announced a historic rate cut, slashing its 2 year fixed home loan rate to 3.43% p.a. – the lowest rate ever offered by the bank.
ME’s 2-year fixed rate is available to home loan customers with a Member Package (for owner occupiers paying principal and interest with an LVR &lt;80%).
The bank has made further rate cuts across its fixed home loan range by as much as 30 basis points.
The changes come into effect on the 18th June 2019.
ME Bank previously announced they will be passing on the full RBA rate cut to variable home loan customers.
The announcement came three days after the <a href="/expert-insights/finance/rba-cut-official-cash-rate-to-a-historic-low-1-25-at-june-2019-meeting">RBA rate decision</a> and was to come into effect on 27th June 2019.
<img src="https://www.urban.com.au/images/2019/6/18/ME%20Bank%20new%20rates.JPG" alt="">
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ME Bank cuts fixed home loan rates to record low of 3.43 per cent

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ME Bank has announced they will be passing on the full RBA rate cut to variable home loan customers.
The announcement comes three days after the <a href="/expert-insights/finance/rba-cut-official-cash-rate-to-a-historic-low-1-25-at-june-2019-meeting">RBA rate decision</a> and comes into effect on 27th June 2019.
On the day of the RBA rate decision all of the Big Four banks as well as a number of smaller lenders announced cuts of varying size.
Both <a href="/expert-insights/finance/nab-joins-cba-in-full-0-25-rate-cut-to-historic-lows">NAB</a> and <a href="/news/cba-announce-full-rate-cut-after-june-rba-meeting">CBA</a> announced they will be passing on the full rate cut. But <a href="/expert-insights/finance/anz-first-to-pass-on-part-of-june-2019-rba-rate-cut">ANZ is only passing on a cut 0.18 basis points</a>, something Treasurer Josh Frydenberg especially disapproved of stating, “I think the ANZ has let down its customers."
<a href="/expert-insights/finance/westpac-to-cut-by-0-2-but-more-for-io-borrowers">Westpac was the last of the big four</a> to announce they were cutting rates, following the RBA's decision they announced their rate cuts late on Tuesday of 0.20 basis points.
ING, the nation’s fifth largest home loan lender chose to pass the full 0.25 per cent cut on to their variable rate customers, effective 25 June 2019.
Popular banks that have yet to announce their intentions include HSBC and AMP.
 
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ME Bank to pass on full RBA rate cut

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ME Bank has apologised to customers after 2,500 mortgagors were affected by a “system error” that led to borrowers being charged a higher interest rate without adequate notice.
On 17 April 2018, Members Equity Bank (ME) announced that it was raising its variable home loan interest rates, The Adviser website noted.
Under the changes, ME’s standard variable rate for owner-occupier principal and interest (P&amp;I) borrowers with an loan-to-value ratio (LVR) of 80% or less increased by 6 basis points to 5.09% p.a. (comparison rate of 5.11% per annum).
Variable rates for investor principal and interest borrowers increased by 11 basis points, while rates for interest-only borrowers increased by 16 basis points.
According to ME CEO Jamie McPhee, the changes were brought in as a result of increasing funding and compliance costs.
While the bank did publicise the rate change two days before it was due to take effect, Martin North at the Digital Finance Analytics website suggested usual practice is for a mortgagor to be notified 20 days in advance of an interest rate change.
According to the bank, however, a “system error” led to customers being charged the new rates on 19 April without the adequate time warning.
A ME spokesperson said that the “proper process” is for ME to write to customers to notify them their repayments are going up “but not to increase their repayments until at least 20 days after they get that notification”.
“Unfortunately on this occasion, due to a system error, we increased the home loan repayments immediately for about 2,500 owner-occupier and investor customers — about 1% of our home loan accounts.”
The bank reportedly detected the “error” the following day (20 April) and “immediately intervened to ensure no additional customers were affected”, the spokesperson said.
“We are clearly very sorry for the error and the impact it has had on customers,” the CEO said.
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ME Bank

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