Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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Joel Robinson

First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Seasoned Victorian apartment developer <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a> has logged more than $400 million in sales in its luxury apartment project Palmera Residences at Northcliffe on the Gold Coast.&nbsp;

Central Equity Director Karl Kutner said the sales result reflected a combination of location, product quality and delivery certainty with the project already under construction by building powerhouse Multiplex.&nbsp;

"Surpassing $400 million in sales since launch is a significant milestone and an outstanding endorsement of <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera Residences</a>,” he said.&nbsp;

"We believe one of the key reasons for this strong result is the confidence purchasers have in knowing the project is under construction with Multiplex. Buyers are increasingly looking for certainty. They want to know that the project they commit to today will be delivered by an experienced team with a proven track record."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365782]

Kutner said it was clear there was still high demand for luxury projects that offered certainty of delivery.&nbsp;

“We are in a market where many residential developments have faced delays due to rising construction costs, labour shortages and financing challenges,” said Kutner.&nbsp;

"But having construction underway has provided our buyers with resounding confidence backed by more than 40 years of development delivery by Central Equity combined with construction by one of Australia's most respected construction companies."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365785]

Central Equity is one of Australia's most experienced privately-owned property developers. Over more than four decades, the company has delivered in excess of 85 residential developments including 10,000 apartments and many thousands of stand alone homes.&nbsp;

Located on Garfield Terrace at Northcliffe, between Surfers Paradise and Broadbeach, Palmera Residences occupies one of the Gold Coast's most sought after beachside locations. The development has been designed to appeal to owner occupiers seeking premium residences that combine generous living spaces and resort style amenities.&nbsp;

Palmera Residences will feature an exceptional collection of resort style amenities, including two swimming pools: a generously sized family pool with safe shallow zones for relaxed recreation, and a 20 metre lap pool positioned to maximise all day sunlight.&nbsp;

Residents will also enjoy exclusive access to wellness and recreational facilities including a magnesium pool, sauna, yoga studio, expansive fitted gymnasium, resident lounge, outdoor BBQ’s&nbsp;and indoor and outdoor dining areas, together with a dedicated concierge and luxurious hotel inspired entrance foyer.&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365767]

A unique feature at Palmera Residences has been designed to enhance the Gold Coast lifestyle which includes both indoor and outdoor gymnasium facilities, together with thoughtfully designed indoor and outdoor dining and entertaining areas. A corner café has also been incorporated to provide residents with a destination for their everyday needs.&nbsp;

Kutner said buyer demand had been broad based with purchasers attracted from interstate as well as throughout South East Queensland.&nbsp;

"We're seeing strong interest from owner occupiers, lifestyle buyers and people relocating to the Gold Coast. Many purchasers have been searching for a premium beachside residence where quality, design and delivery are equally important."&nbsp;

[smartcode_project:default project_id=108274 project_image_fid=365771]

Kutner said the sales milestone was an important achievement, but the focus remained firmly on delivering an exceptional development.&nbsp;

"While reaching $400 million in sales is an important milestone, our priority remains delivering a project that exceeds purchaser expectations,” he said.&nbsp;

"Palmera Residences has been designed to become one of the Gold Coast's landmark residential addresses, and we look forward to welcoming our purchasers to their new homes."&nbsp;

There are a limited number of residences remaining in selected configurations with pricing from $2,950,000 to $8,950,000. Palmera Residences is also crowned by expansive penthouses with wrap around views.

[smartcode_project_cta:default project_id=108274]

Construction certainty and strong buyer demand drive major sales result for luxury Gold Coast development

Palmera Residences fly out the door as sales pass $400 million

Mcgrath

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The Drummoyne-based activist investor Matthew Donnellan emerged yesterday as lining up to potentially acquire a 15 percent stake in McGrath this Friday.
The shares are being mostly offered to the market by former McGrath agents and senior executives.
The stock has been offered through Wilson, seemingly volunteering Donnellan as the likely raider.
The press advised the 47-year old Donnellan had once acquired a similar stake in then struggling pub owner, Lantern Hotel Group, "before forcing out the management and instigating a turnaround in its strategy that delivered strong returns to investors through an asset sell down."
The 14.66 percent stake would make the former Allphones CEO sit as the second biggest shareholder behind founder John McGrath.
The press were tipped off that Donnellan was "an admirer of the McGrath business and brand, but not the performance of its board."
"I don't own any shares in McGrath so I have nothing to say at this stage," Donnellan oddly told the press.
The 14.66 per cent combined stake in McGrath was created by the shares of former McGrath director of sales Matt Lahood, Geoff Lucas the former McGrath chief operating officer who has since moved to artisan bakery group Sonoma, and former agents Ben Collier, Stephen Chen, the Leichhardt agent Shad Hassen and Brad Gillespie, along with a remaining McGrath agent Bethwyn Richards.
The shares floated at $2.10 in the initial public offering in late 2015.
The block trade, which is being handled by stockbroker Wilsons, will be available for purchase from Friday when 46.3 per cent of shares in the company come out of escrow.
A document filed to the Australian Stock Exchange said each of the parties intended to act in a "co-ordinated manner in relation to any sale of their shares in McGrath Limited".
What they hold
Geoff Lucas 6.7 million shares
Bethwyn Richards 2.78 million
Shad Hassen 2.78 million
Steven Chen 2.78 million
Matt Lahood 2.78 million
Ben Collier 2.78 million
Brad Gillespie 760,000 shares
The rival real estate agents - now at The Agency - hope selling the shares as a block could achieve a premium price.
McGrath CEO Cameron Judson advised McGrath remained a "a long-term holder of stock" but didn't advise further on any future purchasing or privatisation plans.
McGrath shares closed down 2 percent at 77 cents on Wednesday, and this morning was trading at 78 cents.
In 2016 Donnelley paid $8.05 million through Ward Partners for his Drummoyne harbour front house which had been marketed with $6.5 million hopes.
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jchancellor-FAypfDUnLy

McGrath rebels join forces to sell 14 percent stake

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Real estate agent McGrath’s profit fell sharply for the year ended June 30 and the company announced a share buyback to support its sliding share price.
The full-year underlying earnings in the year ended June 30 falling 5 per cent to $15.6 million and underlying earnings were slightly below market forecasts of $16 million though net profits were slightly higher than a forecast $4.5 million.
Shares were at 77 cents during morning trading on the ASX today. McGrath’s shares have tumbled more than half since their ASX float at $2.10 per share. There was a 54 cents low earlier this year.
The share buyback is expected to be in effect on or after September 8, McGrath said though the number of shares to be bought back will depend on the stock’s price and other market factors. The buyback could go on for 12 months, it said.
It has more than 139 million shares on issue.
Net profit after tax fell 42 per cent to $4.9 million from $8.4 million in the previous financial year, hit by low listings and sales.
Revenue rose a modest 7 percent to $129.4 million.
<a href="https://www.propertyobserver.com.au/images/2017/08/24/McGrathRevenue.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/24/McGrathRevenue.png" alt="">
Chief executive Cameron Judson described market conditions as challenging during the results presentation.
“Notwithstanding the challenging market environment, particularly as a result of the low volume of listings and sales throughout the financial year, and the loss of a number of high performing sales agents in the Company Owned segment in December 2016 and January 2017, the strength of our business model saw us deliver $15.6 million EBITDA,” said Judson.
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"Disappointingly, listing in our company-owned offices were down 11 per cent," Mr Judson told an investor briefing.
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<div>Earnings fell 42 per cent to $15.5 million from McGrath's 28 company owned sales offices which account for two-thirds of its earnings.</div>
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<div>Its revenue and earnings increased across McGrath's franchise business, property management and mortgage broking businesses.</div>
<a href="https://www.propertyobserver.com.au/images/2017/08/24/McGrathResults.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/24/McGrathResults.png" alt="">
McGrath added 15 offices to its network during the reporting period -- three company-owned in NSW, and 12 franchise offices in NSW and Victoria. 
It has 102 offices, of which 28 are company owned.
The company had earlier dismissed talk that it was facing an exodus by its franchisees, following exits by senior executives.
McGrath said its market share by sales value was constant at 3.4% nationally.
<a href="https://www.propertyobserver.com.au/images/2017/08/24/McGrathMarketShare.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/08/24/McGrathMarketShare.png" alt="">
Judson said McGrath was exploring new revenue opportunities in adjacent property services. 
“Our aim is to continue to grow the relative contributions of each of our annuity businesses in Property Management, Franchise and Oxygen and de-risk the volatility of our earnings in Company Owned Sales,” he said.
The investor appetite for McGrath shares will be tested shortly when around 46 per cent of its shares come out of escrow, with a significant number held by Mr McGrath, who remains the biggest shareholder of the company with his name, with a 27 per cent stake, though he has indicated he won't ever be a seller.
The company declared a final dividend of 1 cents.
 
 
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jonathanchancellor-7SQnKwU6yx

McGrath profit tumbles 42 percent on low listings, announces buyback

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John McGrath has raised the spectre that the NSW State Budget stamp duty cuts and grants for young buyers will "ultimately raise property prices due to higher competition."
But with Sydney and Melbourne at their peak pricing, McGrath suggests softening market conditions might balance out any price effect from greater first home buying activity.
'Especially if there are fewer investors in the market due to tighter lending restrictions," McGrath told his Switzer readers.
CoreLogic quoted recent ABS statistics showing that first home buyer activity in NSW hit a record low of 7.5 percent of new owner occupier mortgages last September and had increased only marginally since then to 8 percent in March this year.
"The long term average is 17 percent, so we’re a long way off that," McGrath said.
McGrath added he was concerned by the good initiative be funded largely by disincentivising investor activity and foreign ownership.
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j.ballantyne1990-6AQqhLzZaK

John McGrath thinks NSW FHB incentives will assist in balancing property market

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The historic Millers Point Workers Dwellings have been listed for sale by Property NSW on behalf of Family and Community Services.
The 33 three storey apartments, located between 30 Lower Fort Street and 4 Trinity Avenue, were built by the Sydney Harbour Trust around 1910 to house wharf labourers, storemen, stevedores and gasworks hands.
The listing marks the largest number of apartments for sale at one time as part of the Millers Point Sales program and is marketed through McGrath Estate Agents.
They are offered in one line, 33 apartments, (Lot 1), or as four separate lots as outlined below:
Lot 2 - 9 Apartments
Lot 3 - 6 apartments
Lot 4 - 6 apartments
Lot 5 - 12 apartments
Proceeds from the Millers Point sales program so far total over $390 million.
Early April four properties sold under the hammer including two terrace homes, two side-by-side terraces sold in one line, and a landmark seven-bedroom residence which was originally built as the “Hit &amp; Miss” hotel.  
Five Millers Point properties were sold in March for a total of $25.5 million
Expressions of interest close June 22, 2017.
For more details please visit <a href="https://www.rediscovermillerspoint.com.au" target="_blank">www.rediscovermillerspoint.com.au</a>.
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33 historic workers apartment dwellings in Millers Point listed for June sale

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McGrath Estate Agents today announced David Imrie has rejoined the agency, on the company owned sales team.
Imrie will service the key suburbs of Newtown, Chippendale, Redfern, Alexandria and Erskineville.
He brings with him a wealth of experience across many diverse industries including real estate, corporate and not-for-profit.
Imrie began his real estate career in New York more than 20 years ago. He worked at Rowley Banks Real Estate in the late 1990s, then Di Jones for around four years, then joining McGrath until 2007.
He returns to McGrath as a sales agent in its Newtown office having previously worked at the company’s Eastern Suburbs location.
Imrie brings many years of experience as an auctioneer, industry trainer and speaker.
In 2008, he was appointed to Chair of the Board of the Sydney Gay &amp; Lesbian Mardi Gras.
Since then he has served as National Executive Officer of the Australian Veterinary Association, Chief Executive of not-for-profit organisation Keep NSW Beautiful and interim Chief Executive of Keep Australia Beautiful.
Mr Imrie said his decision to return to the real estate industry was a very considered move.
“Real estate is such a dynamic industry, combining people and property. 
“During my real estate career, I formed many important and lifelong friendships and this aspect of the industry has always been a strong attraction for me.
“However, it was important that the timing was right.
“The industry has been through significant change in recent years and I believe now is an exciting time to again be a part of it.”
On his decision to return to McGrath, Mr Imrie said it was an easy choice.
“McGrath is a great company and the support, training and leadership is second to none.
“I believe McGrath is an industry leader and I am excited about returning.”
 
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David Imrie rejoins McGrath Estate Agency

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Real estate agent McGrath, whose shares plummeted to a record low last week, has dismissed reports that it was facing an exodus by its franchisees.
McGrath shares fell on Thursday to 58 cents, after rumours spread about five franchisees leaving the company, prompted a compliance query from the Australian Stock Exchange.
It was unchanged at 58 cents in morning trading today on the ASX.
In its response to the ASX query, McGrath said the company was not “aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities”.
Earlier, a newspaper report claimed that five franchisees that "account for about 50 per cent of the group's earnings" could quit McGrath.
The McGrath letter said “we have no information regarding any franchisees intending to leave the company other than one franchisee — Ascot in Queensland — whose franchise agreement expires on May 30”.
“We note that this franchisee and McGrath mutually agreed not to renew the franchise agreement back in late 2016 and can so no reason why this would trigger any publicity at the current time,” it continued.
Shares in McGrath, which was hit by high-profile agent exits earlier this year, listed in late 2015 at $2.10 and has gone into a decline ever since. 
They opened 2017 at 90 cents, then fell in January this year after it signalled weak revenues.
The company has previously blamed the summer defection of a number of high-profile agents in part for for its woes.
McGrath also said the "unprecedented low volumes of listings" had emerged as high prices had discouraged some sellers from putting properties on the market, fearing that prices could rise too far before they could acquire their next property.
The letter to ASX said the company was “not aware of any other reason for the recent trading in its securities”.
McGrath has 72 franchise offices, and the media report that five of those would leave the company, would unlikely have a huge material impact on the real estate company as about two-thirds of its earnings come from company-owned offices, they advised shareholders.
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McGrath says not aware of franchisee exodus, only Ascot in Brisbane

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Shares in high-profile real estate agency McGrath are trading at new lows.
The Thursday close was 59 cents, having traded at 58 cents.
Real estate agent McGrath, whose shares plummeted to a record low, has dismissed reports that it was facing an exodus by its franchisees.
McGrath shares fell on Thursday to 58 cents, after rumours spread about five franchisees leaving the company, prompting a compliance query from the Australian Stock Exchange.
They opened 2017 at 90 cents, then fell in January this year after it signalled weak revenues.
The company has previously blamed the summer defection of a number of high-profile agents in part for for its woes.
McGrath also said the "unprecedented low volumes of listings" had emerged as high prices had discouraged some sellers from putting properties on the market, fearing that prices could rise too far before they could acquire their next property.
The shares were $2.10 when it went public.
In December 215 McGrath, Australia's first real estate agency to list on the stock exchange, fell 8.6 percent from its initial public offering price on debut.
The shares have never traded above $2.10.
The latest share price movement comes as CoreLogic foreshadowed April housing market results will show regulatory measures have had a dampening effect on housing market conditions. 
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McGrath Estate Agency shares trading at record low

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McGrath Estate Agents, a division of McGrath Limited, today announced the opening of its 100th office in Toukley on the New South Wales Central Coast.
McGrath founder John McGrath said the opening of our 100th office was "an exciting and important milestone for McGrath."
“We opened our first office in Paddington, Sydney, 29 years ago.
"Over that time, we have strategically grown our footprint throughout the East Coast of Australia, targeting both emerging property and premium lifestyle markets.
“As we continue to grow, it remains important that we partner with high quality business operators who share our core values of honesty, transparency and integrity.
“It is serendipitous that the principals of our 100th office were also our very first franchise partners, when we opened on the Central Coast more than 10 years ago.
I am delighted that we can share this pinnacle with both Jaimie and Mat as they have played such an important role in the business over the years,” said Mr McGrath.
Jaimie Woodcock and Mat Steinwede, both currently in McGrath’s Top 10 agents ranking, will lead the team at McGrath Toukley.
Mr Woodcock and Mr Steinwede opened their first McGrath office in Terrigal in 2005, the company’s first franchise office and first regional office outside of Sydney.
Mr Woodcock said opening our fifth office in the region demonstrates our ongoing commitment to this important market.
Toukley is a natural extension from our existing office locations and an area experiencing strong and sustained growth.”
Steinwede said “It has been an amazing journey.
Located at the northern end of the Central Coast, Toukley is an affordable lifestyle destination.
The beachside suburb has experienced healthy growth with house prices increasing by 9.5 percent over the past 12 months to $460,000.
<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/2017/04/10/McGrath%20Toukley%20L-R%20%20Mat%20Steinwede%20Jaimie%20Woodcock%20John%20%20McGrath.jpg" alt="">
Woodcock said in Toukley and its surrounds, it is still possible to purchase a freestanding house with a backyard for less than $500,000, "which is exceptional value for money in today’s market.
“With significant investment in infrastructure and services in recent years, I believe demand in the region will continue to strengthen with price growth to follow,” said Mr Woodcock.
The new office is located at 248 Main Road, Toukley. 
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Mat Steinwede helps McGrath reach its 100th office milestone

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McGrath Estate Agents, a division of McGrath Limited, has opened a new office in the bayside suburb of Sans Souci.
McGrath Sans Souci will be led by Matthew King and Kieran Bresnahan.
This is the fourth franchise office under King and Bresnahan’s leadership including the already established Brighton-Le-Sands office, which has been serving the local area for the past seven years.
It will focus on Sans Souci, Ramsgate, Dolls Point, Sandringham and Kogarah Bay.
McGrath founder and executive director John McGrath said the new office located at 333 Rocky Point Road, Sans Souci was the 99th NSW franchise office.
Sans Souci, with its leafy bayside location, recently saw a home sold in excess of $9 million which surpassed the previous suburb record by more than $3 million.
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McGrath opens 99th franchise office at Sans Souci

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McGrath Property has come second on a national list behind Kogan and ahead of General Pants of 'mobile ready' brands.
MDEX determined each brand’s mobile performance against five dimensions: mobile optimisation, discoverability, navigation and content, utility and usability, and driving desired actions.
MDEX aims to benchmark a brand’s mobile performance according to Scott Player, chief executive officer at Ansible Australia.
Ansible, is the mobile marketing and technology agency of IPG Mediabrands and conducted the survey in partnership with international market research agency YouGov.
Results of the study were unveiled at Mobile World Congress as part of The Digital Economy Keynote Session. 
The Top 10 Most “Mobile Ready” Australian brands are:
1.       Kogan
2.       McGrath Property
3.       General Pants Co
4.       The Iconic
5.       Lion Corporation
6.       David Jones
7.       Ten Networks
8.       Nine Entertainment
9.       Myer
10.   Billabong
Scott Player, chief executive officer at Ansible Australia  said the MDEX’s framework was built and developed over a six-month period, beginning in July, with field studies occurring in January 2017.
"Over 2,000 brands were surveyed across four global regions in 15 major markets including Argentina, Austria, Australia, Brazil, Canada, Chile, Germany, India, Malaysia, Mexico, Philippines, Singapore, United States, United Kingdom and Uruguay," he said.
"Global brands were defined by large, multinationals that had at least some presence in multiple key markets. Market-specific brands were smaller brands that may only be present in a single market."
The Top 10 Most “Mobile Ready” Global brands are:
 
1.       Facebook
2.       Amazon
3.       7-Eleven
4.       Hyundai
5.       Microsoft
6.       Nike
7.       Google
8.       Adidas
9.       OLX
10.   Target
 
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