Challenging the trend of compact living, <a href="https://www.apartments.com.au/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne-vic-3205">The Eighth</a> delivers true house-like scale in a vertical format.

Positioned on the penultimate level of The Eighth, a newly completed development by <a href="https://www.apartments.com.au/developers/crema-group">Projects by Crema</a>, the sub-penthouse offers more than just generous dimensions, it redefines what sub-penthouse living can look like in Melbourne’s Domain Precinct.

At 256 sqm, this residence exceeds the scale of most new apartments on the market. It provides the proportions of a freestanding home - three bedrooms, three bathrooms, a study, walk-in laundry, and a separate retreat - all within the security and convenience of a high-end vertical community.

[smartcode_project:default project_id=5345 project_image_fid=354144]

Its elevated corner position allows for uninterrupted, 270-degree views across the city skyline, Albert Park and the Botanic Garden, an outlook increasingly difficult to replicate in denser urban pockets. Full-height glazing frames these views throughout the home, anchoring each room to its setting.

Designed by Miriam Fanning of <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a>, the interiors prioritise durability and spatial clarity. Stone benchtops, cove lighting, custom joinery and a fireplace enrich the central living areas.&nbsp;

[smartcode_project:default project_id=5345 project_image_fid=354159]

A Gaggenau kitchen with integrated Liebherr refrigeration and a full butler’s pantry supports serious home cooking and entertaining, while a wine cellar and media room add versatility.

Each bedroom features a tiled ensuite and bespoke robes, with the main suite offering privacy and corner views. Private lift access, ducted air conditioning, three side-by-side car parks and ample storage round out the functional offering.

[smartcode_project:default project_id=5345 project_image_fid=354160]

Residents of The Eighth benefit from a cohesive lifestyle ecosystem. A rooftop pool and BBQ terrace, wellness facilities at EQ, and an Italian café downstairs all contribute to a vertically integrated community - balancing amenity with calm, day-to-day usability.

Located just off St Kilda Road and moments from ANZAC Station and The Tan, The Eighth provides immediate access to transport, green space and cultural institutions, while remaining quietly removed from the city’s pace.

[smartcode_project:default project_id=5345 project_image_fid=354141]

Importantly, the building is complete. With just 36 apartments across 18 levels, The Eighth offers long-term privacy, minimal turnover, and immediate move-in certainty.&nbsp;

The sub-penthouse stands as one of the final, and most compelling, opportunities within this now-established address.

Taylor Dow of <a href="https://www.apartments.com.au/project-marketer/dow-real-estate">DOW Real Estate</a> is the exclusive selling agent for the sub-penthouse, and the remaining few apartments in The Eighth.

[smartcode_project_cta:default project_id=5345]

Staff Writer

A rare South Melbourne sub-penthouse with room to move

Just weeks after launching to their latest new Melbourne apartment development to the market, national apartment developer&nbsp;<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>&nbsp;has secured the sale of its sub-penthouse.

A local downsizer has spent $6.25 million on a sub-penthouse in The Parker, just 24 apartments on the the doorstep of Caulfield Park. The sale equated to $23,000 per sqm.

The buyer was drawn to the&nbsp;park-fronted lifestyle and panoramic city and bay views.

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352395]

“The first sale at $6.25 million completely vindicated our decision to acquire the site and reimagine it for owner-occupiers,” said Andrew Leoncelli, Managing Director of Abadeen.

“We took what was originally conceived as a smaller apartment product and transformed it into something exceptional — larger homes of enduring quality and understated luxury.”

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352397]

<a href="https://www.apartments.com.au/new-apartments/the-parker-on-caulfield-park-219-balaclava-road-caulfield-north-vic-3161">The Parker</a>&nbsp;has been designed by&nbsp;award-winning architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/powell-glenn">Powell &amp; Glenn</a> and will be enveloped in landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>. It was the position within the context to the park that drove the design of the building, with 70 per cent of the apartments overlook the 28-hectare space complete with&nbsp;walking trails, ovals, and playgrounds.

“Caulfield Park isn’t a typical recreational space, it has a generosity and nuance in its layering of trees and light,” said Ed Glenn, Principal at Powell &amp; Glenn.

“Our aim was to create a building that feels grounded and connected, with spaces that open to the park and unfold with light. The architecture provides a sense of refuge and prospect, balancing intimate privacy with expansive views."

&nbsp;

[smartcode_project:default project_id=145454 project_image_fid=352400]

The architecture is defined by sculptural columns that flare like tree trunks, cascading greenery by Acre that softens the façade, and interior spaces by Powell &amp; Glenn’s Clementine Jacobs that use stone, timber, and brass finishes designed to age beautifully over time.

“The Parker is about connection where the building meets the park, people meet nature, and elevated design meets everyday life,” said Brett Robinson, Creative Director of Acre.

“We’ve created lush, year-round gardens that drape the building, softening its form and bringing the outdoors in. Every balcony and outdoor space is treated as an intimate ‘room’ framed by planting, texture, and movement. Sustainability is about timelessness; using robust, natural materials and drought-tolerant plantings that endure.”

[smartcode_project:default project_id=145454 project_image_fid=353657]

The Parker is Abadeen's second Melbourne apartment development, following the successful Malea, on Central Park in Malvern, which recently completed its construction.

“The Parker offers something truly unique; design elegance, community connection, and green space at your door,” Leoncelli added.

“It’s the kind of place you dream about, then realise you can actually live in.”

[smartcode_project_cta:default project_id=145454]

Joel Robinson

Abadeen launches The Parker in Caulfield North, secures $6.25 million sub-penthouse sale

It’s been 15 long years since the former Balmain Leagues Club was open to the public. The large 7,330 sqm Victoria Road site had grown progressively more derelict since the doors to the former club shut back in 2010.

Earlier this year, the vertically integrated developer PERIFA, part of the Versatile Group of companies, stepped in and acquired the site, quickly getting to work on construction through its building business Versatile Construction.

PERIFA teamed up with financier Mitsubishi Estate Asia to create <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, a new community heart of the charming inner west suburb. The mixed-use precinct will not only be home to around 150 one-, two-, and three-bedroom apartments, but also feature a fully activated ground plane with extensive hospitality venues and retail spaces.

[smartcode_project:default project_id=8142 project_image_fid=338]

A new club will replace the old Balmain Leagues Club. The public plaza will include a range of new food and hospitality venues, a community art studio, and a retail precinct anchored by a full-line supermarket, a first for the peninsula.

The apartments will be spread across three interconnected buildings designed by Studio SC, with interiors by SJB.

[smartcode_project:default project_id=8142 project_image_fid=335]

Buyers weren’t prepared to wait any longer to purchase. When it was time to start selling the development, PERIFA and SRM Residential had buyers queuing out of the display suite door. They secured over 40 sales on launch, including several high-end three-bedroom apartments with sales reaching up to $6.9 million.

Demand has been driven largely by local owner-occupiers who have had <a href="https://www.apartments.com.au/developments/rozelle-nsw-2039">Rozelle</a><a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039"> Village</a> on their radar for some time, many of them already living in apartments and looking to upgrade without giving up lifestyle, walkability, or views.

[smartcode_project:default project_id=8142 project_image_fid=325]

Perilli, Co-Founder and Managing Director of PERIFA and Versatile Group, said the community has had to put up with a derelict site on their doorstep for too long.

“The Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. We’re delighted to embark on a new era for the site, together with our partners Mitsubishi Estate Asia,"&nbsp;Perilli said.

"Our shared vision for <a href="https://www.apartments.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community that embraces the unique character of the Balmain/Rozelle peninsula, while helping to shape its next chapter.”

[smartcode_project:default project_id=8142 project_image_fid=326]

The residential offering will cater to downsizers, families, and local owner-occupiers, with an emphasis on larger floorplans, high-quality finishes, and expansive views across Iron Cove, Sydney Harbour, and the Parramatta River.

Residents will have private access to a rooftop pool, taking in the views, a rooftop yoga lawn, and podium level gardens.

[smartcode_project_cta:default project_id=8142]

From leagues club to lifestyle precint: Inside Rozelle Village 

Roberts Co has entered a new phase of growth following its acquisition by Arada, one of the world’s fastest-growing property developers in Australia.

The acquisition is supported by a $50 million capital injection into Roberts Co’s Australian balance sheet, consisting of the previously announced $25 million recapitalisation and an additional $25 million in new funding from Arada.

This investment strengthens Roberts Co’s financial position, stabilises operations, and provides the foundation for strategic expansion beyond its New South Wales base, with a focus on new opportunities in Queensland, including the Brisbane and Gold Coast regions.

With Arada’s international resources and financial backing, Roberts Co will broaden its portfolio across residential, commercial, and infrastructure sectors, reinforcing its strong market position in New South Wales and setting itself to capture growth in one of Australia’s most dynamic construction markets.

Ahmed Alkhoshaibi, Group CEO of Arada, said Roberts Co has a proud Australian heritage, an outstanding delivery record, and a strong reputation for collaboration with clients and partners.

"By combining this expertise with Arada’s global scale and financial capacity, we are creating a platform for sustained growth in the Australian market,"&nbsp;Alkhoshaibi said.

“Our $50 million capital injection, including new funds from Arada, underlines our commitment to both stabilise and expand Roberts Co’s operations, particularly into the fast-growing Queensland market. We see significant potential in South-East Queensland’s pipeline and are confident Roberts Co is well placed to deliver lasting value for clients and communities.”

George Kostas, CEO of Roberts Co, said Queensland, and particularly South-East Queensland, is one of the most active and opportunity-rich regions in Australia right now.

"The lead-up to the Brisbane 2032 Olympic Games will bring unprecedented investment across housing, transport, and infrastructure. Roberts Co is eager to play a major role in that transformation and secure a meaningful share of this fast-growing market.”

Arada pours more funds into Roberts Co, flags expansion into South East Queensland construction market

<a href="https://www.apartments.com.au/developments/hurstville-nsw-2220">Hurstville</a> has quietly become one of Sydney’s most resilient property markets. Supported by strong transport links, infrastructure investment and a growing multicultural community, the St George hub continues to outperform much of the metropolitan market for both capital and rental returns.

According to Positus Property Investment, Hurstville now ranks among Sydney’s top performers for yield consistency, underpinned by population growth of nearly five per cent since 2021 and persistently low vacancy rates.&nbsp;

Limited new supply is tightening the market further - new dwelling approvals have fallen from close to 600 to under 200 in FY25, a structural shortfall that’s placing upward pressure on rents and resale values.

[smartcode_project:default project_id=149850 project_image_fid=278]

As one of the final residential stages in the Kempt Field precinct anchored by Woolworths, <a href="https://www.apartments.com.au/developers/the-one-collection">The One Collection</a>'s <a href="https://www.apartments.com.au/new-apartments/horizon-hurstville-6-jack-brabham-drive-hurstville-nsw-2220">Horizon</a> represents a rare opportunity to buy into a location experiencing both infrastructure-led growth and constrained supply&nbsp;- now made even more compelling with a limited-time five per cent deposit and matching rebate incentive.

Positus notes that the suburb’s combination of “relative affordability, low vacancy, and rising population” is creating a recipe for continued rental growth and capital appreciation. Weekly rents are increasing faster than strata and outgoings, with two-bedroom apartments seeing the deepest tenant demand - supporting healthy yield margins even after costs.

[smartcode_project:default project_id=149850 project_image_fid=281]

Horizon prices begin from $668,000, with one, two, and three-bedroom apartments offering flexible entry points for investors.&nbsp;

The project’s location, a short walk to Hurstville Station, Westfield, and an upcoming dining laneway, St Clair Lane, underscores its liquidity and day-to-day convenience.&nbsp;

A 19-minute express train connects residents to the Sydney CBD, while arterial upgrades such as the M6 and WestConnex further enhance connectivity.

[smartcode_project:default project_id=149850 project_image_fid=275]

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, Horizon’s soft, organic façade mirrors the parkland of Kempt Field, while interiors prioritise light, durability, and smart functionality.&nbsp;

Each home features Smeg appliances, smart home automation, and generous balconies overlooking the bay and skyline.&nbsp;

Amenities include a gym, sauna, games room, meditation deck, and landscaped courtyards, with wellness and social spaces designed to foster community.

[smartcode_project:default project_id=149850 project_image_fid=279]

From an investment perspective, Horizon offers what Positus describes as a “value and income sweet spot.” At an average entry price around $745,000 and yields near five per cent, Hurstville units remain roughly $200,000 below comparable inner-west suburbs, allowing investors to capture metro proximity without inner-city risk exposure.

Horizon will deliver 179 one, two, and three-bedroom apartments above St Clair Lane.&nbsp;<a href="https://www.apartments.com.au/builders/masscon">Masscon</a> is on site moving its way up the building, which is scheduled for completion in late 2026, with move-in expected shortly after.

One Collection is currently offering a five per cent deposit incentive for a limited time.

[smartcode_project_cta:default project_id=149850]

The One Collection opens new investment window at Horizon Hurstville with limited-time incentives

Schools

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GUEST OBSERVATION
NSW Premier Gladys Berejiklian has <a href="https://www.smh.com.au/education/key-growth-area-sydney-to-get-a-new-selective-school-20190604-p51u8s" target="_blank">re-ignited the ongoing debate</a> about selective schools by announcing a new selective school will be built in the “key growth area” of southwest Sydney. In announcing the school, the premier said: "There is strong demand for selective schools, with around 15,000 applications for only 4,200 places. This new school will provide another convenient local option for these students and their families."
But selective schools are never a “local option”. Selective school entry is open to anyone who meets the cut-off in the admissions test, regardless of where they live. Selective school students <a href="https://www.smh.com.au/national/nsw/the-sydney-students-travelling-phenomenal-distances-to-get-to-school-every-day-20180403-p4z7lo">routinely travel</a> for hours across Sydney to get to and from school.
And despite <a href="https://www.smh.com.au/education/key-growth-area-sydney-to-get-a-new-selective-school-20190604-p51u8s" target="_blank">claims selective schools provide opportunities</a> for gifted students across all socioeconomic backgrounds, the data actually show otherwise – selective schools are mainly comprised of advantaged students.
What are selective schools?
Fully selective schools have no catchment zones like other public schools. This means students in southwest Sydney will receive no priority when they seek admission to this new school. So, despite claims the school is needed to cater for population growth in this area, this school will never be a local school.
Selective high schools are public schools that cater for high-achieving, gifted students. NSW has more selective schools than the rest of the states combined. This new one will be the 49th if both both fully and partially selective schools are included. Victoria has only four selective schools, Queensland three and Western Australia one.
\Each year, selective schools dominate the HSC leader boards, comprising virtually all the top ten performing schools in NSW. These remarkable outcomes come from <a href="https://education.nsw.gov.au/public-schools/selective-high-schools-and-opportunity-classes/year-7/what-are-selective-high-schools" target="_blank">grouping together</a> high-achieving, gifted students, and teaching them using specialised methods and materials.
The positive aspects lie in selective school students spurring each other on to reach their potential. And sometimes in a comprehensive school gifted students are bored or bullied. But the disparity selective schools create outweighs the benefits.
They ‘select’ the most advantaged
An <a href="https://cpd.org.au/wp-content/uploads/2018/07/Institutionalised-Separation-Report-13-July.pdf" target="_blank">average of 73% of students</a> in NSW’s fully selective schools came from the highest quarter of socio-educational advantage (SEA) in 2016. The SEA is based on factors shown to have an impact on students’ educational outcomes, such as parents’ occupation and education.
At NSW’s highest-scoring school, <a href="https://jamesruse-h.schools.nsw.gov.au/about-our-school/academic-achievements" target="_blank">James Ruse Agricultural High School</a>, <a href="https://www.propertyobserver.com.au/https://myschool.edu.au/school/41811/profile/2016" target="_blank">89% of students</a> came from the top SEA quarter in 2016. <a href="https://cpd.org.au/wp-content/uploads/2018/07/Institutionalised-Separation-Report-13-July.pdf" target="_blank">Only an average 2%</a> of students across all of NSW’s fully selective schools came from the lowest SEA quarter.
<a href="https://images.theconversation.com/files/278834/original/file-20190611-32351-1t0v4th.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/278834/original/file-20190611-32351-1t0v4th.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
James Ruse Agricultural College student profile 2016. <a class="source" href="https://www.propertyobserver.com.au/https://myschool.edu.au/school/41811/profile/2016" target="_blank">MySchool (screenshot)</a>
Gifted students do exist in lower-income families and <a href="https://theconversation.com/a-nation-at-risk-how-gifted-low-income-kids-are-left-behind-56119" target="_blank">research shows</a> they are underachieving due to lack of opportunity – but selective schools don’t seem to be the answer. The data on selective schools show gifted students from disadvantaged backgrounds are being locked out of the selective system.
In fact, students in selective schools are now so advantaged they surpass those in many high-fee private schools. The My School website calculates an Index of Socio-Educational Advantage (<a href="http://docs.acara.edu.au/resources/About_icsea_2014.pdf" target="_blank">ICSEA</a>) for each school in Australia. ICSEA is set at an average of 1,000 across Australia. The higher the ICSEA, the higher the level of educational advantage of students attending the school.
As the table below shows, in 2016 just over half of the 20 most advantaged high schools in NSW were selective schools.
<hr>
<a href="https://images.theconversation.com/files/279018/original/file-20190611-32361-164a0n9.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/279018/original/file-20190611-32361-164a0n9.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
<hr>
They don’t reflect the community
Selective schools don’t reflect the communities in which they are located, meaning they are not the “local option” Berejiklian hopes the new school will be.
While public schools have traditionally been local community hubs, exposing students to the full range of diversity in their neighbourhoods, selective schools are not able to fulfil that function. Their level of advantage almost always exceeds that of other local schools. And this is true in wealthy as well as lower-income areas.
As the table below shows, ICSEA scores for selective schools in Penrith, Campbelltown, Gosford, Newcastle and Wollongong far surpassed those of surrounding local schools.
<hr>
<a href="https://images.theconversation.com/files/279019/original/file-20190611-32356-mzdpgs.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/279019/original/file-20190611-32356-mzdpgs.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
<hr>
Selective schools also don’t reflect the ethnic composition of our community and are overwhelmingly dominated by students from language backgrounds other than English (LBOTE). On average, 83% of students in Sydney’s fully selective schools were from a LBOTE in 2017. At <a href="https://cpd.org.au/wp-content/uploads/2019/05/Ethnic-Divides.pdf" target="_blank">James Ruse</a>, the figure was 97%.
<a href="https://images.theconversation.com/files/278833/original/file-20190611-32335-g2x9su.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/278833/original/file-20190611-32335-g2x9su.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
James Ruse Agricultural College student profile 2017. <a class="source" href="https://www.propertyobserver.com.au/https://myschool.edu.au/school/41811/profile/2017" target="_blank">MySchool (screenshot)</a>
Most <a href="https://www.smh.com.au/education/a-stark-contrast-the-ethnic-divides-across-sydney-s-schools-20190530-p51svk" target="_blank">selective school students</a> are children of skilled migrants, particularly from Asia, who tend to be highly educated and who invest heavily in their children’s education. This includes paying for many hours of private tutoring, especially in the lead-up to the selective schools admission test.
The use of tutoring to secure a competitive edge is another barrier preventing lower-income families from accessing the selective system.
High-achieving students need more access to educational programs that will enable them to reach their full potential. But this new selective school is not the solution.<img src="https://counter.theconversation.com/content/118449/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Christina Ho, Senior Lecturer, Social &amp; Political Sciences, University of Technology Sydney
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/selective-schools-mainly-select-advantage-so-another-one-wont-ease-sydneys-growing-pains-118449" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

Selective schools mainly ‘select’ advantage, so another one won’t ease Sydney’s growing pains

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This week I sit down with Simon LeNepveu of architecture and urban design practice, ClarkeHopkinsClarke to discuss the office's involvement in a research project, ‘Building Connections’, designed to support school systems and planning authorities in rethinking how schools engage with local communities and urban surrounds. 

Simon is part of an expert research panel, led by The University of Melbourne’s Dr. Ben Cleveland, for the research project which explores the idea of schools being used as community hubs and utilising them beyond the hours of 9.00am to 3.30pm. 

<iframe allow="autoplay" frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/533239065&amp;color=%23ff5500&amp;auto_play=true&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;show_teaser=true" width="100%"></iframe>
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Laurence Dragomir

Weekly Podcast - Episode 40: CHC's Simon Le Nepveu

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GUEST OBSERVER
When even teachers and police workers need to travel to the city fringes to find an affordable home that strikes us as a sign of a deeply dysfunctional housing system. Our research shows key workers are being squeezed out of Sydney by a housing market which has left them behind. Yet Sydney stands out among global cities, like New York, London and San Francisco, for having neglected the housing needs of its essential workforce.
In our study, we identify five strategies to tackle the problem. These could make a real difference for key workers and other moderate income earners.
Forced out to the fringes
Unaffordable housing is creating a growing spatial mismatch between where teachers, police, health and emergency workers live and work. Although their jobs are spread throughout the metropolitan region, a majority of Sydney’s 156,000 teachers, nurses, police, firefighters, ambulance and emergency workers now live in outer ring areas.
Our study shows key workers are more concentrated on the metropolitan fringe compared to the labour force generally. And this trend is intensifying.
Over the decade 2006-2016, we found that inner areas of Sydney as well as middle ring areas, including Ryde and Parramatta, lost up to 21.4% of their key worker populations. The largest influxes of key workers were in far-flung Illawarra (a net gain of 10.5%), Hunter Valley (13.6%) and Southern Highlands (17%).
<img src="https://images.theconversation.com/files/205868/original/file-20180212-31377-178trgy.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Some areas of Sydney have lost many of their key workers. Key Worker Housing Affordability in Sydney, Author provided
Barriers to buying a home
Professionally qualified and often with a university degree, key workers typically earn moderate, rather than high incomes.
<img src="https://images.theconversation.com/files/205869/original/file-20180212-31355-p7z1f2.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Key workers are on moderate salaries. Key Worker Housing Affordability in Sydney, Author provided
They’re not getting rich while teaching our children or caring for our sick, but the stability of their service-oriented professions usually meant home ownership was a realistic expectation. However, over the past decade, younger key workers have faced new barriers to home ownership.
One of these is the deposit gap. This refers to the number of years it takes to save a deposit on a median-priced home. Most lenders now require a 20% deposit.
Single key workers now need nearly nine years to save a deposit for a dwelling in Sydney’s outer suburbs. Couples on two incomes need to save for more than five years.
Where can key workers afford to live?
To examine where key workers can afford to buy a house we used affordable price thresholds, based on bank lending criteria and assuming a 20% deposit. Again, this analysis showed key workers have very limited choices. Even a senior constable earning around A$98,000 a year is limited to outer Sydney, with the closest options being Penrith and Campbelltown.
<img src="https://images.theconversation.com/files/205861/original/file-20180211-51727-pmhycu.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Key workers simply can’t afford to live close to the inner city. Key Worker Housing Affordability in Sydney, Author provided
Their limited housing choices are forcing many key worker households into long car-based commutes.
<img src="https://images.theconversation.com/files/205870/original/file-20180212-31359-365gu1.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Key workers face longer-than-average commutes. Key Worker Housing Affordability in Sydney, Author provided
These long commutes take a toll on their families and finances. Sydney high school teacher Kim Timmins explained in a recent opinion piece:
"We made the difficult decision last year to leave our network of family and friends and make the move to the uppermost parts of the Central Coast, the closest place we could afford to buy a home big enough for our growing family. … Our commute is a mix of car and train throughout the week … a complete drain before the day at school and hospital begin, and an economic disadvantage in terms of car travel costs."
What should be done
Several local councils are pursuing important initiatives to provide more affordable rental housing. In our study, we also propose five ideas to help key workers get into home ownership in Sydney.
In particular, the stable employment conditions and moderate incomes of key workers open new possibilities for improving their affordable housing options, without needing additional government subsidy or significant policy change.
Reduce the deposit gap
Key workers have traditionally aspired to, and achieved, home ownership. But those not already on the property ladder face a median house price of around A$900,000 in Sydney. An affordable price for most key workers would be around A$650,000.
To bring home ownership into reach, a shared equity model would allow key workers to buy up to 75% of the home’s value. This would reduce deposit requirements to between 5% and 10% and also make loan repayments more manageable.
Shared equity schemes are offered in South Australia under the government’s HomeStart finance organisation. This has helped many low and moderate income earners into their first home.
Collaborative development models
“Collaborative” development and financing models provide an alternative to conventional multi-unit housing developments. Under these models, individuals are supported in collectively developing a residential project.
The group members collaborate to acquire a site, appoint an architect and manage professionals through planning and construction. Groups are able to save on developer premiums. They can also customise their building and apartments in ways that save on both capital and recurrent costs.
The Nightingale projects in Victoria are an example of this approach. Participants in these schemes can save around 10-12% on prices for comparable apartments.
Alternative tenure arrangements
Alternative tenure arrangements, such as community land trusts, can separate the cost of a dwelling from the cost of land (retained by government or the trust). Under this model, homes are purchased with a conventional mortgage and/or the land component is rented at a marginal rate. Community land trusts are well established in the UK and US, but yet to attract serious policy support in Australia.
Save on construction
Savings in housing design and construction could help increase the supply of affordable homes, provided these savings are passed on to eligible buyers. Innovations in design and construction, as well as reduced requirements for facilities such as car parking (in accessible locations) could reduce costs by up to 25-35%. That equates to savings of A$75,000 to A$100,000 for two-to-three-bedroom units or townhouses.
Increase inclusionary planning targets
Inclusionary planning requires that a proportion of new housing development be affordable for moderate or low income groups. This approach can support various combinations of affordable housing, to be made available as permanent rental housing or sold on the market. Mandating that 20% of dwellings in all major new housing developments are affordable for moderate income earners, including key workers, could deliver 6,000 to 7,000 affordable “start-up” homes per year in Sydney.
Housing slowdown won’t solve key worker exodus
Governments seem to be hoping that slowdowns in Sydney and Melbourne prices, combined with first home buyer stamp duty concessions, have fixed the housing affordability problem. It’s true that regulatory intervention to restrict interest-only loans to 30% of new residential mortgage loans has cooled some investor demand.
However, the housing boom added 70% to Sydney prices from the trough to the peak. This disrupted the home-ownership trajectory of key workers, and in turn added to pressure on the operation of our essential services.
<img src="https://counter.theconversation.com/content/91476/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Key workers who don’t own homes may increasingly opt to leave Sydney’s unaffordable housing market. Ultimately, they may seek work in regional New South Wales or elsewhere in Australia. Sydney can ill afford to lose them.
Nicole Gurran, Professor of Urban and Regional Planning, University of Sydney
Catherine Gilbert, Research Assistant and PhD Candidate, Urban Housing Lab, University of Sydney
Peter Phibbs, Director, Henry Halloran Trust, University of Sydney
Yuting Zhang, Research Associate, Urban Housing Lab, University of Sydney
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/key-workers-like-nurses-and-teachers-are-being-squeezed-out-of-sydney-this-is-what-we-can-do-about-it-91476" target="_blank">original article</a>.
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Key workers like nurses and teachers are being squeezed out of Sydney: Academics

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Property prices within the Perth school catchment zones for Bicton Primary School and Kalamunda Senior High School are experiencing the highest median house price growth year on year, according to the Domain 2015 School Zones Report Card.
It found property within the catchment areas for Nedlands Primary School and Mandurah senior College had the lowest median house price increase of all government school catchment areas for Perth.
The Domain 2015 School Zones Report Card analysed the price growth rate between property within government school catchment zones across Australia and compared sale price date against the corresponding school catchment zone.
Primary
<a href="/images/2015/07/17/perth_primary.jpg">Click to enlarge</a>
<img src="/images/2015/07/17/perth_primary.jpg" alt="" width="847" height="357">
 
High school
<a href="/images/2015/07/17/perth_high.jpg">Click to enlarge</a>
<img src="/images/2015/07/17/perth_high.jpg" alt="" width="804" height="342">
Click <a href="/news/school-zones-capture-more-family-property-buying-interest-but-be-sure-when-paying-the-premium">here</a> to see the national list. 
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Perth median price increase in school catchment zones

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Property website Domain.com.au have released a comprehensive survey of school zones.
It details the price growth rate of property within government school catchment zones across Australia. 
Property sale price data has been compared against the corresponding school catchment zone the property sits within.
Parents need to realise when looking to enrol their children in a government school, that their property is within the boundaries of their chosen school’s catchment zone, Domain senior economist, Dr. Andrew Wilson said. 
“Agents tell us that sometimes houses on one side of the street can be sold for 10% higher or more than their counterparts across the road, simply because they fall within the catchment zone of a highly sought after government school." 
Just being close to a school does not guarantee that the property is within that school’s catchment zone, the report noted.
Primary school catchment zones with the highest rate of property price growth nationally (based on sale prices for properties sold in year to April 2015, compared to previous year):
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High school catchment zones with the highest rate of property price growth nationally (based on sale prices for properties sold in year to April 2015, compared to previous year):
<a href="https://gallery.mailchimp.com/b16c0b957ea98f662ab985606/images/8ff63cb3-be93-4a6f-ac1a-c356f9086799.png">Click to enlarge</a>
 
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The Domain 2015 School Zones Report Card found that property prices in Sydney school catchment zones are experiencing the highest price growth out of all the capital cities, with nine out of ten of the primary school catchment zones experiencing the highest growth nationally in 2015 located in NSW, and nine out of ten of the highest growth high school catchment zones also in NSW.
Domain’s mobile apps allow parents to see which school catchment zone a listed property falls into, as well as a map of that school’s catchment zone and key information about the school(s).
 
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School zones capture more family property buying interest - but be sure when paying the premium

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GUEST OBSERVATION
One of the most important decisions you may make as a parent is where to send your child to school. You can spend hours researching schools, studying what they offer, their reputation, yearly VCE results and overall school ranking.
Imagine spending all that time researching to find what you believe is the perfect school for your child, only to be informed that they will not be accepted because you do not live in the school’s zoning. If only you had known this when you purchased your family home!
Public secondary schools in Melbourne are separated into zones, such that the entire area is covered. There are few overlapping regions.
The bulk of enrolments will come directly from these zones, making the decision on what area to settle down in a potentially crucial factor for parents.
While private schools are not affected by the same zonal restrictions, many pose a heavy financial burden on the household budget, especially if the choice between public and private has to be made for several children.
If you are a future home buyer, a school zone should be taken into account as this will affect how others view a property and potentially push prices up. This means you could be overpaying for a property because it is within a school zone, even if this is not relevant to you. The school zone effectively comes with the house and you will pay for it regardless as a result of market pricing.
Click pictures and tables to open in new windows:
<a href="/images/2015/03/17/sa-march-17-one.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-one.jpg" alt=""></a>
Different school zones may have different impacts depending on their ranking and popularity. This study set out to compare the performance of public schools with house prices in the surrounding region. Our primary aim was to uncover the answer to the question: What is the real, unseen price of education in the housing market and how much do rankings influence this?
School zones are becoming increasingly important in the inner city market. The rise in popularity of public schools is evident by the increase in intake of students each year.
There has been lobbying in some suburbs for more public schools so that the demand for the existing schools is reduced. Population growth in the Port Phillip area has put enrolment strain on the only public school in the area; Albert Park College.
Provision of more public secondary schools in the inner south is necessary especially for South Melbourne and the new Fishermans Bend suburb which are outside the Albert Park zoning. In the inner north, it seems that demand for public schools is so high that one new school does not make a difference. For example, Northcote High School has had to reduce their catchment area recently so that Preston West and parts of Thornbury are no longer included.
They state that the opening of nearby Coburg High School has not affected demand for places and are still having to turn away students.
With a limited number of properties falling within each school zone, demand for these is pushing up property prices and even rents in certain areas.
Popular independent school Haileybury recently purchased a site in the CBD itself with speculation they will open up a new campus to service this growing area of inner Melbourne. They currently have campuses in the south eastern suburbs only. This shows a shift in attitudes of schools whereby it is no longer essential to place a high performing school in the eastern suburbs as was traditionally done. Good schools are now moving to more centralised locations.
This shift in attitude is also seen in parents who are accepting more modern approaches to a school’s design.
Planning is to go ahead for NSW’s first public high rise school in the inner suburb of Parramatta. Whilst high rise schools come with their own problems, it seems the only way forward for the inner city where space is so limited.
Low cost, high performing public schools are a desirable variation to private schools for many, especially as the inner city suburbs have resurfaced to be incredibly popular to live in.
People can now live in their dream inner city suburb whilst sending their child to a good school without having to pay a fortune. Furthermore, the money they save from sending their kids to a public school can go towards servicing a more expensive mortgage, or offering their children an eye opening experience, for example, by taking them to Paris for a family holiday.
Property Values and School Zones 
It is well established that there is a correlation between property values and being located in a school catchment area. In our major capital cities, Sydney, Melbourne and Perth, buyers will pay a premium to be located within a public school zone, regardless of its ranking.
A study in New Zealand aimed to actually quantify the impact of geographically defined school zones on house prices. Using hedonic regression, they analysed over 10,000 house sales in a select group of inner Auckland suburbs over 21 years.
What was interesting in this study is the fact that the school zone boundaries changed over the duration of the study.
It was found that when a school increased its boundary to include a new suburb, the house prices in this suburb began to attract a premium compared to relative suburbs and this premium grew to NZ$66,000 over 10 years. When a suburb which had a historic premium attached to its houses relocated out of a school zone, this premium diminished.
VCE Results and House Prices 
The Victorian Certificate of Education, better known as the VCE, is the main tool used for ranking schools based on performance.
Students complete the VCE over their final two years of senior high school. In each subject, they are awarded a grade from 0 to 50, based both on their individual performance and the performance of the rest of the state. A score of 30 in an individual subject denotes an average score, i.e. a score in the top 50% of the state.
<a href="/images/2015/03/17/sa-march-17-two.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-two.jpg" alt=""></a>
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To determine what impact a school's VCE results have on property prices, the sale results of 2,300 houses were analysed using hedonic regression techniques. All two and three bedroom houses were included if they were sold between January 2011 and December 2014, and were located within seven different inner city high school zones, as depicted in the school zone map. This property size and type was picked as it most closely represents a potential buy for an inner city family household.
Table 1 shows the average percentage of VCE scores of 40+ achieved between 2011 and 2014 at the different schools, as well as the average price of two and three bedroom houses in the school’s zone. A study score of 40 or above is indicative of a score in the top 8 percent in the state. The ratio of such exceptional scores compared to the total shows us the proportion of high achievers in each school. Note that Lynall Hall Community School did not publish VCE scores in 2013. Data for this year was therefore left out.
On its own, Table 1 doesn't tell us much, except how affluent an area is. There seems to be no obvious link between the VCE results and average sale prices. However, there are many other factors that determine the price of a house. To single out the effect of public school VCE results on house prices, the following parameters were taken into account in the regression analysis:
<ul>
<li>
Bedrooms and Bathrooms: Indicator of the size of the house and number of children. One additional bedroom and bathroom set added on average $350,000 to the price of a house. 
</li>
<li>
Land Area: The value of the land the house was located on if it were vacant. Each square metre was worth $1,475. 
</li>
<li>
Beach: Proximity of suburb the house was located in to the closest beach, broken up into three bands – adjacent to a beach, one suburb away from the closest beach and more than one suburb away. Each band towards the beach increased the value by $320,000. 
</li>
<li>
CBD:  Proximity of the suburb the house was located in to the CBD, in kilometres. For every kilometre away from the city centre, the price of houses in the data set decreased by $80,000. 
</li>
<li>
Sale Date: The number of days since the first day in the set (01/01/2011). In other words, the effect of inflation on housing prices. Each day since 2011 added on average $125.80 to the price of each house.
</li>
</ul>
Housing sales that were missing information on any of the above variables were left out of the study.
The analysis uncovered that, on average, a 1% increase in the percentage of scores of 40 and above at a school increases the price of a house in the affected school zone by $19,000, holding all else constant.
This is quite a significant change, between 1.5% and 2.9% of the average price of houses sold over the past four years. To confirm our findings, Secret Agent thought it would be interesting to isolate those houses located nearby the border of two different school zones and analyse their sale results against each other.
Article continues on the next page. Please click below.
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Borderline: Comparing house prices close to two school zones 
1) Station Street 
Station Street runs in a northerly direction through Carlton North. The school zones of Fitzroy High School and Princes Hill Secondary College meet on Station Street, with the former receiving all even house numbers and the latter every odd house number.
<a href="/images/2015/03/17/sa-march-17-four.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-four.jpg" alt=""></a>
The comparison here is almost uncanny. Not only were the same amount of two bedroom houses sold, they were also generally sold in the same proportions each year. The average land area is almost identical.
Table 2 shows that the average sale price is 4.5% higher in the better ranked Princes Hill Secondary College zone. This result is smaller than what our model would predict and is most likely due to the small sample size. 
<a href="/images/2015/03/17/sa-march-17-three.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-three.jpg" alt=""></a>
2) Brunswick suburb 
The majority of houses in the suburb Brunswick belong to the Brunswick Secondary College zone, but a small part in the south is within the Princes Hill Secondary College district (Figure 3).
<a href="/images/2015/03/17/sa-march-17-six.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-six.jpg" alt=""></a>
Even though the houses in the Princes Hill zone are on average smaller (by approximately 50 square metres), they sell for on average 14.5% more. The difference can be partly attributed to being inside the much better performing school’s zone, but is also the CBD.
<a href="/images/2015/03/17/sa-march-17-five.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-five.jpg" alt=""></a>
3) University High School 
When comparing sales inside University High School’s boundaries to houses sold just outside, results are much less clear cut.
<a href="/images/2015/03/17/sa-march-17-seven.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-seven.jpg" alt=""></a>
While University High is the better performing school, average prices are lower in this zone. The unexpected result can be explained by a huge difference in average land size.
The houses in the University High area have some of the smallest land bases in the entire set of studied houses. As mentioned earlier, each square metre of land is worth about $1,500. If the houses within University High’s zoning had the same land size as those outside the zone, they would be worth roughly $221,400 more, holding all else constant.
In other words, per square metre, these houses are valued much more highly. Again this is most likely due to the closer proximity to the CBD as well as being within the higher ranked school zone. 
<a href="/images/2015/03/17/sa-march-17-eight.jpg" target="_blank"><img src="/images/2015/03/17/sa-march-17-eight.jpg" alt=""></a>
Conclusion
We aimed to find out how much value home owners and families looking for standalone houses in the inner city see in better schooling according to VCE performance. The answer is clear: property prices are inclusive of a school zone premium and school rankings affect how much the premium paid will be. As the percentage of top achievers in a school increases, the value of houses located within the area rises as well.
On average, the price of a house in a particular school zone increases by $19,000 with each 1% increase in VCE study score above 40.
This shows parents’ willingness to pay for a school zone. Whether or not you care about the zoning yourself, you will pay for it to live in the suburbs with high performing public schools. It will be interesting to see how demand for public schools is met in the future as Melbourne's inner population continues to grow rapidly and space becomes even more valuable. 
Jodie Walker is a buyer's advocate and researcher at <a href="https://secretagent.com.au/" target="_blank">Secret Agent</a>, a Melbourne based buyer's advocacy.
Richard Rossman contributed to this Secret Agent report.
Paul Osborne is founder of <a href="https://secretagent.com.au/" target="_blank">Secret Agent</a>.
You can download the full report on school zones, as wellas other property research, from the<a href="https://secretagent.com.au/" target="_blank"> Secret Agent website</a>.
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How do school zones affect Melbourne property prices?

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The Board of St Vincent's College at Potts Point were the $3 million buyers of a neighbouring property at auction last night.
The Federation terrace house, <a href="https://www.ppdre.com.au/buying/NSW/Eastern-Suburbs/Potts-Point/House/1P0611" target="_blank">Heatherdene</a> looks one removed from its school campus, but Title Tattle gleans it's actually next to the terrace they'd previously owned.
Its selling agent Debbie Donnelly at Phillips Pantzer Donnelley had been giving buyers a $2.8 million plus guidance.
Positioned in the Rockwall Crescent cul-de-sac, the two-level residence was built in 1903 for William McElhone, <a href="https://www.sydneyaldermen.com.au/alderman/william-mcelhone/" target="_blank">a 1920s Lord Mayor of Sydney</a>.
The meticulously restored house has a modern design by Kennedy Associates Architects. Vendor Patrick Gill bought Heatherdene at 4 Rockwall Crescent in 1993.
It features original marble fireplaces, NZ Kauri floorboards and 3.6 metre high pressed metal Wunderlich ceilings.
Commonly known as Vinnies, is a Catholic, secondary school for girls, with frontage to Victoria Street. It has 680 girls in Years 7 to 12, including 140 boarders.
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<div class="ad-next">The college is one of Australia's oldest Catholic girls' schools, founded by the Sisters of Charity as a primary school in 1858.</div>
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Nuns buy neighbouring terrace to St Vincent's College, Potts Point school

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A South Melbourne property has been sold by the University of Melbourne for $10.78 million to the Victorian state government with the settlement last month.
It is set to become a primary school after the then Baillieu state government responded to the perceived looming crisis of rising enrolments and overcrowded inner city state schools. 
The 129-161 Ferrars Street property was identified in a 2012 report that signalled its as the preferred location for a new primary school due to its access to the 96 tram route and proximity to the Melbourne Sports and Aquatic Centre.
The report by Ernst &amp; Young acknowledged the 5,136 square metre site's closeness to City Road could pose a congestion problem.
The number of five to 12-year-olds in Southbank and Docklands is forecast to jump from 285 in 2011 to 1,366 in 2021.
The primary school is expected to open in about 2017, and could be expanded to take students up to year nine.
The site, variously owned by James Hardie, Rocke Tompsitt &amp; Co, and Elders through the decades, has been owned by the university since its 1977 purchase of the then Nathan Blight building.
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