Builder-developer ALAND has drawn back the curtain on its first city-focused new apartment development.

The North Sydney development, <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-173-179-walker-street-north-sydney-nsw-2060">The Walden</a>, is the first time the company has ventured this close to the city, having previously completed thousands of apartments predominantly in Sydney's west, and more recently in Gosford.

<a href="https://www.apartments.com.au/developers/aland">ALAND</a> acquired the prime North Sydney site, spanning Walker and Hampden Streets just down the road from the Victoria Cross Metro station, for $240 million in June.

Now they've unveiled the new project, a mix of one-, two-, three- and four-bedroom apartments across a 30-level building designed by Rothelowman.

[smartcode_project:default project_id=134323 project_image_fid=6384]

The Walden will capitalise on the site’s front-row position on the eastern fringe of the <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> CBD, which offers uninterrupted Sydney Harbour views stretching from the Sydney Harbour Bridge all the way to Sydney Heads.

The main tower will be flanked by a small four-level amenity building known as The Pavilion, offering exclusive resident-only amenities including a dedicated concierge service, a sauna and private wellness studio, a gymnasium and fitness studio, a resort-style rooftop pool and sundeck.

There will also be a&nbsp;residents’ lounge, private dining and a wine cellar, and co-working facilities with an on-site meeting room and boardroom.

&nbsp;

&nbsp;

[smartcode_project:default project_id=134323 project_image_fid=6382]

ALAND Founder Andrew Hrsto said the company knew they could create something "iconic" with The Walden when they saw the site.

&nbsp;

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic – being the last development with a view offering this exceptional.

“We identified the attributes and quality of the site as being perfectly aligned for ALAND – and we feel that this off-market acquisition is a perfect opportunity to showcase our craftmanship and expertise through a truly unique offering."

[smartcode_project:default project_id=134323 project_image_fid=6399]

Hrsto pointed to ALAND’s longstanding development expertise as a significant benefit in delivering a positive outcome for The Walden.

“Being a fully integrated development and construction business with a highly experienced team, we have the benefit of in-house experts across the development spectrum, from acquisitions, design, planning, and construction, to sales, marketing, property management, through to building management.

“As one of Australia’s largest private development and construction groups, we’ve been in operation for 23 years, with a Gold Star iCIRT rating and a 100 per cent delivery success rate across numerous masterplanned and mixed-use projects – and we’re very much looking forward to bringing this expertise to The Walden and contributing to the ongoing revitalisation of North Sydney."

The Walden is the latest development in Sydney to have the 10-year Latent Defects Insurance policy by Resilience Insurance, protecting buyers from any structural or waterproofing-related issues for 10 years post-completion.&nbsp;

Demolition of existing structures on The Walden site has already commenced through specialist civil contractor Moits, with the aim of completing preparatory ground works by the end of 2025, ahead of construction commencement in early 2026.

[smartcode_project_cta:default project_id=134323]

Joel Robinson

ALAND unveils The Walden, North Sydney's latest luxury apartment development

<a href="https://www.apartments.com.au/developers/toga-group">TOGA</a> has opened sales for the final building in Macquarie Rise, its latest mixed-use development in Macquarie Park.

Since launching its <a href="https://www.apartments.com.au/new-apartments/macquarie-rise-122-herring-road-macquarie-park-nsw-2113">Macquarie Rise</a> in late 2023, TOGA has secured over 125 sales in the Herring Road development, to a range of purchasers, from first home buyers to investors and downsizers. Around 65 per cent of purchasers have been owner-occupiers.

TOGA has now launched a new release of one-, two-, and three-bedroom apartments in the final building, Saunders Rise. Many of the apartments feature multi-purpose rooms and offer views of the surrounding greenery. Also part of the release is a series of&nbsp;sub penthouses housed on the upper floors.

[smartcode_project:default project_id=89243 project_image_fid=242696]

&nbsp;

“We’re delighted with the ongoing strong interest in our Macquarie Rise development, which is testament to the need for premium housing in this much-loved Sydney suburb,"&nbsp;Allan Vidor AM, Managing Director at TOGA, said.

"We’re proud to be able to offer buyers a unique product that includes luxury amenities, spacious living areas and flexible layouts, designed to suit all kinds of buyers, from young professionals to families and investors.

“We have long been advocates of Macquarie Park, and once Macquarie Rise is complete, TOGA will have built 1,000 apartments in the area, delivering much needed homes within a thriving precinct. It’s great to see the area become renowned for high-quality apartments, proximity to amenities and green spaces."

TOGA, one of Australia’s few Gold Star iCIRT rated developers, is also handling construction of Macquarie Rise. They are on track to complete the building in 2027.

[smartcode_project:default project_id=89243 project_image_fid=310789]

Macquarie Rise boasts a prime location, placing residents within immediate reach of Macquarie Centre, Macquarie University, and the newly completed Macquarie University Metro, connecting to the Sydney CBD is just over 20 minutes.

&nbsp;

Macquarie Rise residents also have access to Club Rise, an exclusive, residents only lounge designed by luxury hotel designers Stack Studio, offering an abundance of work and break-out areas, a Pilates studio, a gym, and a karaoke room. As well as these premium amenities Macquarie Rise will also feature an impressive podium top 20m lap pool.

[smartcode_project:default project_id=89243 project_image_fid=242695]

“Offering luxury, spacious apartments in a vibrant and well-connected neighbourhood, it’s no surprise that Macquarie Rise remains popular with a range of buyers," said TOGA's General Manager of Sales, Anthony Falas.&nbsp;

"With interest rates tracking downwards, we expect the final apartments to continue to receive high levels of interest.”

Located at 122 Herring Road, Macquarie Park, the development will be delivered in partnership with Baptist Union NSW and Morling College with a value of over $400 million.

&nbsp;

[smartcode_project_cta:default project_id=89243]

TOGA launches final stage apartments in Macquarie Rise

Southern Cross Station anchors the western end of <a href="https://www.apartments.com.au/developments/melbourne-vic-3000">Melbourne</a>’s CBD, connecting metropolitan and regional rail with tram and bus interchanges in one of the city’s busiest transport corridors.&nbsp;

Just metres away, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a>&nbsp;will place residents in the heart of the city, with immediate access to Spencer Street trams, a growing mix of retail, hospitality and cultural venues, and a neighbourhood evolving into a lively residential precinct.

Developed by <a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a>, the 68-level project integrates a sculptural glass tower with the heritage-listed Eliza Tinsley Building on a 2,765 sqm Bourke St site.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335425]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the development replaces a previously approved scheme for 813 apartments with a refined offering of just over 600 larger-format residences, responding to a growing owner-occupier demand for spacious city living.

The location sits within a dynamic pocket undergoing significant transformation. Marvel Stadium and the Docklands waterfront are less than 10 minutes away on foot, offering both sports and leisure attractions.&nbsp;

Bourke Street Mall, Queen Victoria Market, and the State Library are all within walking distance, while Flagstaff Gardens, Melbourne’s oldest park, provides a green escape just to the north.

&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335422]

Proximity to some of the city’s largest employers and education hubs, including the courts precinct, legal chambers, RMIT, and major hospitals, makes 640 Bourke Street an appealing residential address for professionals, families and students alike.

Education opportunities span all levels. Nearby, Haileybury City Campus offers private schooling just a short walk from 640 Bourke Street. Just beyond the CBD fringe, Carlton Gardens Primary School, one of Melbourne’s oldest state primary schools, and Docklands Primary School provide convenient government schooling options.

Higher education is equally accessible. RMIT University’s city campus spans multiple buildings just a few blocks away, while the University of Melbourne’s Parkville campus is easily reached via tram along Swanston or Elizabeth Streets.

Victoria University’s City Queen campus, focused on law and business, is also close by, positioning 640 Bourke Street within walking distance of three of Melbourne’s major tertiary institutions.

[smartcode_project:default project_id=509 project_image_fid=335426]

The neighbourhood’s retail tapestry continues to evolve into something distinctly local and walkable. Just steps away, Woolworths Metro on Bourke Street ensures that everyday essentials are easily within reach.&nbsp;

For larger shopping trips, Spencer Outlet Centre on Spencer Street and QV Melbourne on the opposite side of the CBD broaden the offering with supermarkets, fashion, dining and specialty stores.

The lane-to-lane vibe unfolds beautifully in nearby arcades and alleys. Hardware Lane, with its European-style red-brick paving and alfresco dining, pulses with jazzy evenings and casual lunches.

A few minutes north, Howey Place and Centre Place offer leafy, boutique-lined lanes where hidden cafés and niche retailers congregate under historic glass-covered cloisters.

Completing this tapestry is the newly opened Mecca “beauty playground” on Bourke Street. Spanning 4,000 sqm over three levels, the flagship blends immersive retail within an art-deco heritage setting.

&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335427]

This finely grained network of shops, eateries, arcades and service outlets defines the everyday lifestyle at 640 Bourke Street - further enriched by over 3,000 sqm of resident amenity including a Turkish-inspired pool, gym, co-working rooms and private cinemas.&nbsp;

Apartments are priced between&nbsp;$640,000 and $3.95 million. Off the plan stamp duty concessions available until October 2026. Prospective buyers can visit the on site display gallery which has&nbsp;fully built one, two, and three-bedroom apartments.

[smartcode_project_cta:default project_id=509]

640 Bourke Street: A heritage address at the heart of Melbourne

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

Abadeen tops out Northcote Collective in Naremburn

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

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

Indigenous Housing

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GUEST OBSERVER
The recent Closing the Gap <a href="https://closingthegap.pmc.gov.au/" target="_blank">report</a> has highlighted the lack of progress in Indigenous affairs since the apology to the Stolen Generations a decade ago. Although not a specific target, safe, appropriate and affordable housing is acknowledged to be a fundamental building block for improving the well-being of Aboriginal people and closing the gap on many of the target indicators. For these reasons, it is unfortunate to learn the Commonwealth may be seeking to withdraw its support for remote Indigenous housing programs.
<a href="https://www.propertyobserver.com.au/https://www.ahuri.edu.au/research/research-and-policy-bulletins/216" target="_blank">Our research</a> and that of others provides evidence these programs are producing significant improvements. A sustained Commonwealth commitment to remote housing programs is essential for closing the gap.
Crowding and inadequate housing are linked to poor physical and mental health. They result in higher rates of infectious diseases such as rheumatic fever and eye and ear infections, emotional stress and conflict in the home.
<a href="http://www.health.nsw.gov.au/environment/Publications/housing-health.pdf" target="_blank">A New South Wales study</a> demonstrated that in communities whose housing was improved, the rate of hospital admissions for infectious diseases was 40% less than in communities where no housing improvements had taken place. Other research has shown that poor housing has negative impacts on educational and employment outcomes.
Job is only half done
The central role of housing in Closing the Gap was acknowledged in 2007 when the Council of Australian Governments (COAG) established a 10-year A$5.5 billion remote Indigenous building and refurbishment program. This aimed to bring living standards in remote Indigenous communities to the same standards as comparable locations elsewhere, and to improve the management and maintenance of houses.
<img src="https://images.theconversation.com/files/206712/original/file-20180216-131006-15s0ul7.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="">
A Commonwealth review found houses like this one built under the remote housing program had improved conditions in Indigenous communities. Author provided
Last October, a federal government review of the remote Indigenous housing program found crowding has been reduced and housing management is more consistent and effective. But the job remains half done. Importantly, levels of household crowding (no more than two persons per bedroom) in remote communities are still around 37%.
<a href="https://www.propertyobserver.com.au/https://www.ahuri.edu.au/research/research-and-policy-bulletins/216" target="_blank">Our research</a> tells a similar story. Crowding remains high in some locations. There are problems of fairness and efficiency in the application of mainstream rent settings. There are also questions about the most effective model of housing delivery and who should be responsible for it.
However, in the five communities we examined in three states, we found the program had led to significant improvements on a range of indicators. This was particularly evident when the housing was managed by an Indigenous housing provider that employed Indigenous people and provided a culturally adaptive service.
The complexities of remote settings mean that for these gains to be maintained and continued, the Commonwealth needs to maintain its commitment. Delivering and maintaining housing in remote locations is costly, so subsidies will be needed in most regions.
<a href="https://images.theconversation.com/files/206711/original/file-20180216-131024-1rywae9.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/206711/original/file-20180216-131024-1rywae9.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
On the road to the APY Lands in South Australia, a remote region where the costs of providing and maintaining housing require subsidies. Author provided
Commonwealth oversight is also essential to ensure appropriate regulatory frameworks are in place. Monitoring and quality assurance procedures are needed to maintain standards.
The building and refurbishment program was revised and renegotiated with the states and the Northern Territory in 2016. That program ends this June. To date, there has been no indication of what will replace it.
Most worrying are reports that Western Australia, South Australia and Queensland have been advised that remote Indigenous housing is a state responsibility and that Commonwealth funding may end when the current program ends. Even in the Northern Territory, which had seemed quarantined from these developments because of the extent of the housing crisis in remote communities there, there are signs that the Commonwealth may withdraw its commitment to addressing this.
If this is true, it’s likely the political commitment to improvement will wane, investment will decline and gains in housing standards will reverse.
At risk of losing hard-won gains
In 10 or 20 years’ time, we might once again be looking at a housing crisis in remote Indigenous communities.
To avoid such a policy failure – and its implications for Indigenous well-being – it’s time for governments to recognise that real progress can only be made if they stop turning Indigenous programs off after they have been positively evaluated. They need to accept that improvements will be slow and what’s needed is incremental, consistent and preferably bipartisan commitment over the medium to long term.
<a href="https://images.theconversation.com/files/206714/original/file-20180216-130997-5b4sr8.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/206714/original/file-20180216-130997-5b4sr8.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
 Improvements have been delivered to remote communities, like this playground in the East Kimberley region, but much work remains to be done. Author provided
Current arrangements for remote Indigenous housing are not perfect, but our work suggests that, at this stage, a hybrid model is likely to be most effective. This is one that involves a partnership between state housing departments and knowledgeable, preferably Indigenous, third-party providers delivering a culturally appropriate service.
There are also opportunities to explore new models of housing delivery. These could leverage off the Indigenous estate and engage with the Indigenous and non-Indigenous community housing sector. Any model should contribute to the sustainability of communities by maximising opportunities for local partnerships and employment for local Indigenous people.
<img src="https://counter.theconversation.com/content/91835/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Without ongoing Commonwealth engagement and investment, remote Indigenous housing policy risks remaining stuck in a depressing cycle of government neglect, public crisis, too-rapid policy development and change, and a return to failure. It will become yet another sorry example of political agendas obstructing good policy.
Daphne Habibis, Associate Professor, University of Tasmania
Peter Phibbs, Director, Henry Halloran Trust, University of Sydney
Rhonda Phillips, Adjunct Research Fellow, Institute for Social Science Research (ISSR), The University of Queensland
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/we-wont-close-the-gap-if-the-commonwealth-cuts-off-indigenous-housing-support-91835" target="_blank">original article</a>.
Main photo: A remote community in the Cape York region of Queensland. Author provided
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j.ballantyne1990-6AQqhLzZaK

We won't close the gap if the Commonwealth cuts off Indigenous housing support

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To achieve the Commonwealth Government's priorities of getting children into school, adults into jobs, and making communities safer, the Department of the Prime Minister and Cabinet (PM&amp;C) supports Indigenous housing and home ownership.
Living in a stable environment has proven an efficient way of achieving these priorities.
In the submission to House of Representatives, Standing Committee on Economics Inquiry into Home Ownership, the PM&amp;C named a few topics that affects Indigenous Australians more than others like the administration and use of Indigenous land, availability of finance, employment opportunities and limited financial understanding and exposure to home ownership.
"The Government’s priorities include getting Indigenous Australians into jobs to encourage economic development and advancement for Indigenous people. Regular and increasing incomes will enable more Indigenous people to afford to buy their own homes and enjoy the benefits home ownership can bring. 
"The national rate of Indigenous home ownership is 36%, compared to 68% for the Australian population generally. In order for the rates of Indigenous and non-Indigenous home ownership to reach parity, approximately 65,000 new Indigenous households would need to enter home ownership."
More information can be found in the IBA submission article <a href="/news/home-ownership-barriers-greater-for-aboriginals-torres-strait-islanders">here</a>.
"The rate of remote and very remote Indigenous home ownership is lower than the national rate of Indigenous home ownership, at 18% in 2011. According to the 2011 Census, the rate of Indigenous home ownership slightly increased between the 2006 and 2011 Census. 
"Lower median incomes and higher rates of unemployment than other Australians are key factors affecting Indigenous Australians’ ability to own their own home. In 2011, the average disposable income for an Indigenous Australian was 70 per cent of the income earned by a non-Indigenous Australian.
"The proportion of Indigenous Australians aged 15-64 years who are employed fell from 53.8% in 2008 to 47.5% in 2012-13. At the same time, the proportion of employed non-Indigenous Australians rose, leading to the employment gap between Indigenous and non- Indigenous working age people widening from 21.2 to 28.1 percentage points. 
"Under the National Partnership on Remote Indigenous Housing (NPARIH), signed in 2008, the Commonwealth committed $5.5 billion to the construction and refurbishment of social housing in remote Indigenous communities. 
"Across Australia, 2,698 new houses and 7,071 refurbishments and rebuilds were completed as at 30 April 2015. Under the NPARIH, the Commonwealth’s investment in remote Indigenous housing has been used to leverage home ownership, for example by: 
<ul>
<li>jurisdictions agreeing to progress resolution of land tenure for remote Indigenous land to facilitate home ownership and economic development opportunities; </li>
<li>encouraging states to implement and support sale of social housing policies for existing tenants. A carefully-planned sale of social housing stock can boost the supply of properties in communities, help create a market and diversify housing options; </li>
<li>funding elements which support home ownership, such as cadastral surveys to define lots; and </li>
<li>focusing on regularising tenancy arrangements for remote community residents, which helps develop tenants’ readiness to maintain their own houses if they become home owners. </li>
</ul>
"The Government announced in the 2015-16 Budget its intention to replace the NPARIH with a new Remote Indigenous Housing Strategy (the Strategy) over three years totalling $1.1 billion. Home ownership objectives will form part of the new Strategy. Details of the new Strategy are currently being negotiated. 
"Current administration and use of Indigenous land can be a barrier to Indigenous home ownership. Only certain tenure types offer sufficient security of title and transferability for a lender (generally, IBA) to provide a loan. For example, in the NT, where approximately 50% of land is Indigenous-owned,six communities have agreed 99-year township leases (under section 19A of the Aboriginal Land Rights (Northern Territory) Act 1976 (Cth) (ALRA)) which offer sufficient transferability for home ownership. 
"In these communities, the head lease is held by the Executive Director of Township Leasing and there can be long-term residential subleases. As an alternative to township leases, individuals can take out leases under section 19 of the ALRA in order to pursue home ownership. 
"However, unless these leases are taken out in communities where other factors are suitable for home ownership, such as where a real estate market exists, it is unlikely lending secured by this land will be possible. In Queensland, anecdotal evidence from some communities suggests while people are interested and apply to purchase social housing, the complex process means many people drop out before becoming home owners." 
According to the 2011 Census, 70% of people rely on social housing in remote communities. Because in most of these communities social housing is the only form of housing available, there are few or no houses to buy building a market gap in these areas. Lending and borrowing becomes a higher risk, which discourages commercial banks from lending in these areas.
"The recently released White Paper on Developing Northern Australia (which can be downloaded <a href="https://northernaustralia.infrastructure.gov.au/white-paper/" target="_blank">here</a>) sets out the Commonwealth’s vision for developing the potential of the north. The White Paper reflects the importance of Indigenous people and Indigenous land to this development and announced directions for reform which could support more home ownership opportunities on Indigenous land in the future."
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Indigenous Housing

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