&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


Joel Robinson

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

Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.

NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.

Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;

Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;

Deicorp was recently approved for another new development next door to Showground Village.

The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."

Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.

[smartcode_project_cta:default project_id=133881]

Deicorp, NSW Premier officially open Showground Village, new retail and hospitality hub in Castle Hill

ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;

The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.

The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.

&nbsp;

<img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" />

&nbsp;

There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.

Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.

Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.

A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.

“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.

<img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" />

The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.

Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.

Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.

Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.

Cedar Woods progresses with new apartment plans in Southbank arts precinct

Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.

The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.

[smartcode_project:default project_id=136432 project_image_fid=5481]

The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.

Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.

"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.

[smartcode_project:default project_id=136432 project_image_fid=5479]

The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;

The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.

“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."

[smartcode_project:default project_id=136432 project_image_fid=5485]

Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;

Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.

The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;

A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.

[smartcode_project:default project_id=136432 project_image_fid=5488]

BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;

Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.

Williams said the team spent over a year searching for the ideal site before securing this location.

"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”

The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.

Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.

[smartcode_project_cta:default project_id=136432]

BANKSII sales launch in booming East Brisbane apartment market

The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.

Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.

Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.

The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.

To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.

Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.

The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.

The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.

Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.

The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.

&nbsp;

&nbsp;

Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

Australian Capital Territory

The ACT government has scrapped stamp duty for off-the-plan apartment and townhouse purchases up to $500,000 from July 1.

The stamp duty abolition will apply to first-home buyers and other owner occupiers who exchange purchases for off-the-plan in the territory from July 1.

<a href="/developments/act">Buyers of newly built apartments or townhouses at $500,000 will save $10,360 in stamp duty.</a>

The eligibility criteria includes satisfaction of residency requirements, that at least one buyer must live in the home continuously for at least one year, starting within 12 months of the date of completion/settlement date.

Since 2012 the ACT has been reducing stamp duty.

&ldquo;This is a further step in our tax reform program and one that encourages an increased supply of housing below the $500,000 threshold,&quot; ACT Chief Minister Andrew Barr said.

The announcement is part of the territory&rsquo;s 20-year plan to phase out stamp duty and replace it with an annual land tax.

The plan has been underway since 2012.

Stamp duty has also beeen reduced by $1040 for any owner-occupier established property purchase between $200,000 to $1.455 million in 2021-22.

As part of the ACT tax reform program, average general rates have increased to offset revenue that would otherwise be lost due to the abolition of stamp duty.&nbsp;

This did not occur in 2020-21 as part of the Government&rsquo;s response to the COVID-19 pandemic.

The ACT government has scrapped stamp duty for off-the-plan apartment and townhouse purchases up to $500,000 from July 1

jchancellor

ACT stamp duty scrapped for owner occupier off the plan purchases up to $500,000

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EXPERT OBSERVER
<h3 class="post-title entry-title">
<a href="https://petewargent.blogspot.com/2019/01/hows-act-land-tax-going"></a>Canberra rents surge </h3>
<div id="post-body-7598088234210480051" class="post-body entry-content">
<div>I've been consistent on this point (often wrong, but never in doubt!): taxes in the Australian Capital Territory (ACT) are far too high for landlords to invest there en masse, which will lead to a rental shortage as the population steadily grows. </div>
<div> </div>
<div>There are a lot of 'well, in theory...' type comments made about this point, however, including by me, so let's stick to the hard data for today.</div>
<div> </div>
<div>Rental vacancy rates fell from 2½ per cent in 2014 when rate rises were first introduced to 0.6 per cent in October 2018. </div>
<div> </div>
<div>Rental markets are seasonal in the ACT and often tighten through the early months of the calendar year, and in turn Canberra could take out Hobart in Tasmania for title of most undersupplied capital city rental market in 2019, which is is some feat (click to expand): </div>
<div> </div>
<div class="separator"><a href="https://3.bp.blogspot.com/-vT1xNQ-Dd80/XDbv-FMFELI/AAAAAAAAt3c/cYKMVTIhmYgYm33-es2Bb-k5EyZiZE-ygCEwYBhgL/s1600/SQM2.jpg" target="_blank"><img src="https://3.bp.blogspot.com/-vT1xNQ-Dd80/XDbv-FMFELI/AAAAAAAAt3c/cYKMVTIhmYgYm33-es2Bb-k5EyZiZE-ygCEwYBhgL/s640/SQM2.jpg" width="640" height="350" data-original-height="797" data-original-width="1453"></a></div>
<div> </div>
<div>Asking rents for houses in Canberra are now up by more than 26 per cent over the past three years alone. </div>
<div> </div>
<div>A major issue is that rates are often far too high on units as well, despite the relatively low land value content of this property type. </div>
<div> </div>
<div>The asking rent for 2-bedroom units in Canberra is also up by more than 23 per cent over the same time period!</div>
<div> </div>
<div>In Canberra! </div>
<div> </div>
<div class="separator"><a href="https://4.bp.blogspot.com/-qPJMlBBFvq8/XDbv93SNgdI/AAAAAAAAt3g/ybb9rzPeXyQohtoeTKB8Ta16YaZc7WzGACLcBGAs/s1600/sqm1.jpg" target="_blank"><img src="https://4.bp.blogspot.com/-qPJMlBBFvq8/XDbv93SNgdI/AAAAAAAAt3g/ybb9rzPeXyQohtoeTKB8Ta16YaZc7WzGACLcBGAs/s640/sqm1.jpg" width="640" height="188" data-original-height="229" data-original-width="777"></a></div>
 <div>Source: SQM Research</div>
<div> </div>
<div>
If you don't like asking rents - and you may not - then Domain's actual rental report figures this week were similar. Domain reported that Canberra is now a more expensive city in which to rent a home than even Sydney, with rents spiralling as high as the Black Mountain Tower. 
</div>
<div> </div>
<div>Dr. Nicola Powell:</div>
<div> </div>
<div>"With investors slugged with higher rates and land taxes, it is likely landlords are passing on the additional costs to tenants, or opting for high yielding short-term leases in order to recover costs."</div>
<div> </div>
<div>On the plus side there have been some significant apartment projects approved for construction, but one questions which landlords are going to buy them and rent them out. </div>
<div> </div>
<div>Politicians seeking tax deductions, perhaps. Foreign investors won't supply the rentals any longer, having already been taxed out of the market. <div class="separator"><a href="https://4.bp.blogspot.com/-SLAOdeLo-_w/XDb2yteH7-I/AAAAAAAAt38/-gvstrSWvQgPXqqff-6uw_xnFupyVf8EwCLcBGAs/s1600/China.jpg" target="_blank"><img src="https://4.bp.blogspot.com/-SLAOdeLo-_w/XDb2yteH7-I/AAAAAAAAt38/-gvstrSWvQgPXqqff-6uw_xnFupyVf8EwCLcBGAs/s640/China.jpg" width="640" height="128" data-original-height="146" data-original-width="729"></a></div>
</div>
<div>Some people are even campaigning for high land taxes, and the ALP negative gearing reforms, and a doubling of capital gains tax (all of this on top of the changes made to foreign investment, interest-only lending, restrictions on Division 40 depreciation, disallowance of travel expenses etc etc.). </div>
<div> </div>
<div>There's nothing much to say but best of luck with that!</div>
<div>
 It's a small city, which grows in population by less than 10,000 per annum. Way to go!</div>
<div> </div>
<div>PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.</div>
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pwargent-M4siyDbqQY

How's the ACT land tax going? And what it means for property investor supply: Pete Wargent

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The ACT residential property market continues to be driven by high wages support by strong government employment and low general unemployment, according to a recent Herron Todd White (HTW) residential report. 
The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.
 The public service accounts for 42% of the ACT’s total workforce which is heavily responsible for the strong $108,000 per year median income in the ACT. 
The report suggests the high median income keeps property prices on the high comparative to the rest of Australia. 
The median house price in Canberra currently sits at $691,000 (January 2020) compared to the national average of $809,000 (January 2020) making it the 3rd most expensive Australian city behind Melbourne and Sydney.
A four bedroom house in Gordon has recently been sold for $685,000.
Set on 525sqm, the <a href="https://www.realestate.com.au/sold/property-house-act-gordon-133438178" target="_blank">21 Rollins Place home</a> (pictured below) comprises formal lounge, informal living area, kitchen, four bedrooms and study nook.
It is located within walking distance to Point Hut Pond, playgrounds, schools, shops and transport. 
<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/2020/5/28/gordon%20.jpg" alt="">
 
Property under the $600,000 mark continues its popularity among first home buyers, which is likely to continue.
A current listing is a Harrison townhouse priced at $410,000.
The three bedroom, two bathroom home is situated at <a href="https://www.realestate.com.au/property-townhouse-act-harrison-133514782" target="_blank">159/22 Kings Canyon Street</a> (pictured below).
The townhouse features courtyards, galley style kitchen, large under stair storage and double enclosed garage.  
<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/2020/5/28/harrison.jpg" alt="">
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The weakening economy due to the Coronavirus pandemic makes short term conditions unpredictable.
 Strong government employment suggests that the ACT’s unemployment rate will remain low and the ACT local economy will remain stronger than other economies relying heavily on private sectors.
However market conditions are unpredictable and the unprecedented circumstances provide little guidance in what may happen in the near future.
</div>
</div>
</div>
</div>
<div>Note regards COVID-19</div>
<div>
This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
</div>
<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
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j.ballantyne1990-6AQqhLzZaK

ACT property market continues to be driven by strong government employment: HTW residential 

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The 2019 ACT Architecture Awards’ top prize has been won by a contemporary extension to an inner-south bungalow.
The prestigious Canberra Medallion was presented to Austin Maynard Architects for the Empire house (pictured above).
Minister for Planning and Land Management Mick Gentleman handed over the award.
The project also won the Gene Willsford Award for  Residential Architecture – Houses (Alterations and Additions).
Australian Institute of Architects ACT Jury Chair, Sarah Truscott, said the project displayed an understanding of the building’s heritage.
"Empire is located on a road that forms a key part of Burley Griffin’s masterplan,” said Truscott.
“The architects have shown respect for Canberra’s built heritage by preserving the best of this home and creating smart additional living spaces inside and out for all seasons."
Other major winners include Edgeworth Apartments, which won the Sydney Ancher Award for Residential Architecture – Multiple Housing for Cox Architecture, and the Concrete House by Rob Henry Architects won the Malcolm Moir and Heather Sutherland Award for Residential Architecture – Houses (New).
Clarke Keller and dwp|design worldwide partnership received the Enrico Taglietti Award for Educational Architecture for their work on ANU’s Hanna Neumann Building. The building also won the W Hayward Morris Award for Interior Architecture and the Pamille Berg Award for Art in Architecture.
"This new building brings together ANU’s Mathematical Sciences Institute and Computer Science in a new teaching and research hub. Embedded coding in the façade and interior details create a series of mathematical puzzles for students to decipher as they work their way up the building with the most complex on the top level," Truscott said.
A total of 30 Named Awards, Awards and Commendations were presented on the night.
ACT Chapter President, Philip Leeson, said: “This year’s awards saw 37 entries ranging from small alterations and additions to large public commercial buildings and institutions.
“Each year our awards showcase the extraordinary talent of the architecture profession and the outstanding buildings it produces and this year is no exception.
“The architects and their projects recognised by this year’s jury will enter the canon of great architecture that has contributed to the city of Canberra that we love.”
Named Award and Award winners will now progress to the National Architecture Awards to be announced on Thursday 7 November 2019. 
Full list of winners: 
<ul>
<li>Residential Architecture – Houses (Alterations and Additions) </li>
</ul>
The Gene Willsford Award – Empire by Austin Maynard Architects
Award – Yarralumla Shed by Gerard O’Connell (pictured below)
<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/2019/6/13/Yarralumla%20Shed.jpg" alt=""> 
<ul>
<li>Residential Architecture – Houses (New) </li>
</ul>
The Malcolm Moir and Heather Sutherland Award – Concrete House by Rob Henry Architects (pictured below) 
<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/2019/6/13/concrete%20house.jpg" alt="">
Award – Red Hill House by Mathieson Architects
Award – Courtyard House by Rob Henry Architects
Commendation – Carwoola House by de Rome Architects
<ul>
<li>Residential Architecture – Multiple Housing </li>
</ul>
The Sydney Ancher Award – Edgeworth Apartments by Cox Architecture
Commendation – Shophouse by JUDD.studio
Commendation – Warehouse by JUDD.studio
<ul>
<li>Commercial Architecture</li>
</ul>
Commendation – Manuka Oval Media and Function Centre
<ul>
<li>Interior Architecture </li>
</ul>
The W Hayward Morris Award – ANU Hanna Neumann Building by Clarke Keller and dwp|design worldwide partnership
Commendation – Denman Village Shops by AMC Architecture (pictured below)
<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/2019/6/13/denman%20village.jpg" alt=""> 
<ul>
<li>Educational Architecture</li>
</ul>
The Enrico Taglietti Award – ANU Hanna Neumann Building by Clarke Keller and dwp|design worldwide partnership
Award – CGGS Early Learning Centre by Daryl Jackson Alastair Swayn
<ul>
<li>Public Architecture</li>
</ul>
Commendation – Cricket ACT by Clarke Keller
<ul>
<li>Small Project Architecture </li>
</ul>
The Cynthia Breheny Award – Charly_Demonstrator by Stack Space
<ul>
<li>Sustainable Architecture </li>
</ul>
The Derek Wrigley Award – CGGS Early Learning Centre by Daryl Jackson Alastair Swayn
Award – Courtyard House by Rob Henry Architects
<ul>
<li>Enduring Architecture </li>
</ul>
The Sir Roy Grounds Award – Wybalena Grove (1974) by Michael Dysart 
<ul>
<li>COLORBOND® Award for Steel Architecture </li>
</ul>
Award – Shophouse by JUDD.studio
<ul>
<li>Chapter Awards and Prizes </li>
</ul>
Canberra Medallion – Empire by Austin Maynard Architects
The Pamille Berg Award for Art in Architecture –ANU Hanna Neumann Building by Clarke Keller and dwp|design worldwide partnership
The Robert Foster Award for Light in Architecture – Red Hill House by Mathieson Architects
Architectural Professional Practice Award – Eric Martin, Eric Martin &amp; Associates
President’s Medal – Paul Barnett, Paul Barnett Design Group
Clem Cummings Medal – Jenny Edwards, Lighthouse Architecture &amp; Science
Emerging Architect Prize – Will Gardner, Guida Moseley Brown Architects
ACT Chapter Student Medallion – Byron Kelly, University of Canberra
Daryl Jackson Alastair Swayn Graduate Prize – Mark Bersolto, University of Canberra
John Redmond Prize – Justin Williams, University of Canberra
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Empire take out top prize at ACT Architecture Awards

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South Canberra is the dearest region for rents in the nation's capital, according to the recent CoreLogic RP Data Quarterly Rental Review.
Click charts to open in new windows: 
<a href="/images/2015/04/10/canberra-april-13-one.jpg" target="_blank"><img src="/images/2015/04/10/canberra-april-13-one.jpg" alt=""></a>
<a href="/images/2015/04/10/canberra-april-13-two.jpg" target="_blank"><img src="/images/2015/04/10/canberra-april-13-two.jpg" alt=""></a>
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South Canberra home rental the ACT's priciest: CoreLogic RP Data

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There are few opportunities these days to write anything bullish about the Canberra property market.
All the data suggests prices are stagnating or falling and rents are down significantly, with a 5% annual decline for the median house rent and a 7% fall for apartments.
While Sydney three hours down the road is pumped up by a strong state economy, a big infrastructure spend and the confidence created by competent governance, Canberra is mired in negativity and uncertainty thanks for cuts to the public service and an oversupply of apartments.
But, as is so often the case, there are different stories to be found if you dig beneath the generalised figures about a city.
The Gungahlin precinct is one sector of the Canberra market showing some life. It will benefit in future from the new light rail system, as well as the relocation of 650 public service jobs to that part of Canberra.
The territory's Chief Minister Andrew Barr has confirmed that 400 public servants from ACT Shared Services will vacate Woden this year and head north to Gungahlin.
The move will leave a lot of empty spaces in the Callam Offices complex at Woden, but the biggest impact is likely to be the positive one for Gungahlin – particularly as another 250 public servants will pulled from other areas and relocated to Gungahlin as well. 
The move, taken in conjunction with other unhelpful events, will hurt the economy of Woden and possibly property markets in surrounding areas, which are struggling already.
<a href="https://www.canberratimes.com.au/national/public-service/2015s-perfect-storm-for-woden-will-be-the-public-service-exodus-20150222-13gvdr" target="_blank">The Canberra Times reported</a>: Woden Valley Community Council chairman Martin Miller said the town centre was "probably not prepared" for the departure of so many regular workers.  "The federal public service is decreasing its presence as well – the Department of Human Services was moved to Tuggeranong years ago and the Department of Veterans Affairs is due to move as well," Miller said. "It will have an impact – it's sort of like the perfect storm."
Property markets in suburbs surrounding the Woden Town Centre have been weak performers in recent years. Suburbs like Phillip, Lyons, Hughes and Mawson have median house prices lower than they were three years ago.
They, along with others like Garran, Chifley and Pearce, all have long-term capital growth rates in the 3-4% range, which is poor by national standards.
Where Woden loses, Gungahlin gains. Generally, this precinct of Canberra looks to have better prospects than most in the national capital, helped by the Capital Metro light rail system, which will link Gungahlin to the city centre.
The light rail system is currently in the procurement stages. The ACT government has named four private business consortiums, which will be considered for the construction of the $800 million light rail line.
The targeted travel time from Gungahlin to the city via Northbourne Avenue, the Federal Highway and Flemington Road is 25 minutes. Experience shows that new transport infrastructure can be a game-changer for residential property markets.
The Gungahlin precinct is currently one of the few sections of the Canberra market showing some life. While Canberra prices generally have not grown in the past 12 months, some suburbs in the Gungahlin area have delivered solid increases in median house prices.
They include Palmerston (up 7%), Amaroo (up 5%) and Harrison (up 6%).
Unlike the Woden precinct, suburbs around Gungahlin mostly have values higher than three years ago, though not a lot higher. Amaroo, for example, has grown an average of 4% per year over the past three years.
This precinct also shows up in The Price Predictor Index published by Hotspotting. It has a couple of suburbs listed as Rising Steadily – Palmerston and Nicholls – and others classified as Consistency markets, including Ngunnawal, Franklin and Amaroo.
TERRY RYDER is the founder of <a href="https://hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>. 
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Not all doom and gloom for Canberra: Terry Ryder

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The Reid, ACT home of late novelist Bryce Courtenay and his wife Christine has been sold for $1.8 million.
The Canberra home on 1,045 square metres at 35 Euree Street was listed for auction last weekend after Christine decided to return to Sydney.
The couple lived in Canberra following the author's diagnosis of cancer.
Listed through Peter Blackshaw Manuka agent Mary Debus, the three bedroom home had been bought for $1.29 million in 2008.
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Bryce Courtney's former Canberra home sold

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Prices growth in Canberra has been relatively flat over recent years, reflecting the impact of a declining local economy, according to the Domain Group senior economist, Andrew Wilson.
"Canberra has clearly benefited least from the sharp cuts in interest rates through 2012-13, which activated most capital city housing markets," said Wilson.
"Federal government fiscal consolidation policies over recent years have impacted the local economy through public service job losses and service cuts, and this has had a predictable impact on housing market activity."
<img src="/images/2015/03/12/canberra-mar-12-one.jpg" alt="">
Source: Domain Group
Over 2014, Canberra recorded modest price growth of just 0.9%, following the previous year’s 2.2% result.
"Through 2015 the Canberra housing market looks set to maintain its modest but steady performance of recent years," he said.
<img src="/images/2015/03/12/canberra-mar-12-two.jpg" alt="">
Source: Domain Group
Recent positive signs for the local market remain with increased auction activity recorded towards the end of 2014 and solid buyer activity early in 2015.
"Lower interest rates will feed into buyer confidence and add to the prospects of rising buyer activity," Wilson said.
"Canberra’s median house price is set to increase by between 1 and 3% through 2015."
<img src="/images/2015/03/12/canberra-mar-12-three.jpg" alt="">
Source: Domain Group
Domain Group tips the best performers will be the middle and upper price market sections as well as regions that experienced subdued prices growth over recent years as value perceptions drive increased changeover buyer activity.
"As usual, however, much will depend on the performance of the local economy, which has recently shown encouraging signs of improvement," said Wilson.
"Government fiscal consolidation policies remain an ever-present impediment for the local Canberra housing market."
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Modest price growth tipped for Canberra: Andrew Wilson

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ME Bank has released a support package for ACT home owners affected by Mr Fluffy asbestos that sign on to the government’s buy back scheme.
The package allows home owners to borrow against their dwelling to accelerate the purchase of an alternative home.
Up to 80% of an agreed value on an existing property will be available through ME Bank, with standard lending criteria still to apply. The standard hardship policy will also be available to these property owners.
The hardship policy allows deferred or reduced home loan repayments if they are facing financial hardship.
Around 1,000 residences in Canberra had loose amosite asbestos installed by Mr Fluffy from the late-60s to the 70s.
Between 1988 to 1993, the federal government attempted to remove the asbestos, but did not manage to clear the properties.
Jamie McPhee, CEO of ME Bank, said that home owners understandably want the certainty and ability to move on with their lives.
It is important people know the banks are here to help people through this difficult time, said McPhee.
“To help them ME Bank has agreed to lend on their existing Mr Fluffy-affected homes using standard lending criteria, and as soon as they join the buy back. That means they can start looking for and potentially buy a new home as soon as possible,” he said. 
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