<p data-end="256" data-start="76">For the first time, prospective off the plan apartment buyers in Sydney's <a href="https://www.apartments.com.au/developments/homebush-nsw-2140">Homebush</a> can purchase with the confidence of a 10-year defect protection for their new apartment building.</p>

<p data-end="480" data-start="258"><a href="https://www.apartments.com.au/new-apartments/bridge-road-residences-homebush-3-5-bridge-road-homebush-nsw-2140">Bridge Road Residences</a>, the latest development by <a href="https://www.apartments.com.au/developers/ventus-group">Ventus Group</a>, is the first new apartment complex in the area to offer the highly sought-after 10-year Latent Defects Insurance, provided by Resilience Insurance.</p>

<p data-end="701" data-start="482">This policy, which applies to all 80 apartments in the new building on Bridge Road, covers homeowners against&nbsp;structural or design defects defects that may arise within the first 10 years after the building's completion. It can only be taken out by the developer or builder of the new development, and not by individual apartment owners.</p>

<p data-end="1107" data-start="703">Half of the apartments in the building have already been quickly snapped up. Buyers have been attracted by the insurance policy, along with the guarantee of a quality build, thanks to the insurance's Technical Inspection Service. This service involves third-party experts visiting the construction site at least once a month to ensure the building is being properly constructed, making defects highly unlikely.</p>

<p>[smartcode_project:default project_id=6989 project_image_fid=2132]</p>

<p>Located on Bridge Road, the development offers a mix of apartment configurations, from studios to three-bedroom apartments.</p>

<p>Apartments have been designed&nbsp;by MX Architects with liveability in mind, featuring open-plan layouts, engineered timber floors, wool-blend carpet in bedrooms, and either ducted or split-system air conditioning depending on configuration.&nbsp;</p>

<p>Many apartments also include north-facing aspects or oversized balconies, enhancing natural light and outdoor usability.</p>

<p>The development includes landscaped communal gardens with a central lawn, shaded seating, and barbecue areas. A rooftop terrace offers views across the city and Sydney Olympic Park. These amenities are designed to provide outdoor spaces for both relaxation and socialising, without increasing maintenance burden.</p>

<p>[smartcode_project:default project_id=6989 project_image_fid=2135]</p>

<p>Bridge Road Residences is less than 10 minutes’ walk from Homebush Station and close to major road links including the M4 and M8.&nbsp;</p>

<p>Residents will have immediate access to Rochester Street’s cafes, grocers, and restaurants, as well as retail and dining hubs at North Strathfield’s Bakehouse Quarter, Strathfield Plaza, and DFO Homebush.&nbsp;</p>

<p>The area is also well-served by schools and tertiary institutions, including Homebush Public School and the University of Sydney.</p>

<p>Construction is being led by <a href="https://www.apartments.com.au/builders/one-way-dc">One Way Development &amp; Construction</a>. They are expecting to complete the build in Q3 2026.</p>

<p>[smartcode_project_cta:default project_id=6989]</p>


Joel Robinson

Bridge Road Residences brings 10-year defects guarantee to Homebush

<p><a href="https://www.apartments.com.au/developers/romano-property-group">Romano Property Group</a> has appointed AG Construct to deliver their boutique new Fitzroy apartment development, Napier 235.</p>

<p>Half of the apartment in the architecturally-striking block of 14 have already been snapped up.</p>

<p>Located just 150 metres from Brunswick Street, <a href="https://www.apartments.com.au/new-apartments/napier-235-235-napier-street-fitzroy-vic-3065">Napier 235</a> will bring a mix of two and three-bedroom residences to the tightly held inner-city neighbourhood, including a full-floor penthouse and one townhouse.</p>

<p>[smartcode_project:default project_id=144904 project_image_fid=3217]</p>

<p>Designed by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> with landscaping by <a href="https://www.apartments.com.au/landscape-architect/florian-wild">Florian Wild</a>, Napier 235 presents a sculptural, low-rise form that aligns with Fitzroy’s heritage character while introducing contemporary detailing.&nbsp;</p>

<p>Residences are all north-facing and feature large private terraces, with living areas that connect to the outdoors via floor-to-ceiling sliding glass.</p>

<p>Inside, kitchens are anchored by 3.5-metre stone island benches and include walk-in pantries, Miele and Gaggenau appliances, and built-in bars with wine fridges in most apartments.&nbsp;</p>

<p>Customisable floor plans allow buyers to tailor internal layouts to suit their needs.</p>

<p>[smartcode_project:default project_id=144904 project_image_fid=3220]</p>

<p>Sustainability has been prioritised from the outset. Napier 235 ranks in the top five per cent of Victorian developments under current planning policy benchmarks, reflecting efficient energy use and environmentally responsible design.</p>

<p>Napier 235 places residents within walking distance of <a href="https://www.apartments.com.au/developments/fitzroy-vic-3065">Fitzroy</a>’s food and retail precincts, including Marion, Morning Market, and Bentwood Café. Fitzroy Gardens, Carlton Gardens, and tram connections to the CBD are also nearby. Despite its proximity to major amenity, the development sits within a quieter residential pocket.</p>

<p>Pricing for two-bedroom apartments at Napier 235 starts at $1,225,000.</p>

<p>[smartcode_project_cta:default project_id=144904]</p>


Construction to commence at Napier 235 in Fitzroy as Romano appoints builder

<p>A rare new development in Surry Hills is aiming to replace a cluster of underutilised commercial buildings with a contemporary eight mixed-use building just 300 metres from Central Station.&nbsp;</p>

<p>The $27.5 million project is being led by ISL Property Investments Management and will include 35 apartments, some earmarked for affordable housing, alongside street-level retail and basement parking.</p>

<p>The development spans multiple lots between <a href="https://www.apartments.com.au/new-apartments/98-106-kippax-street-surry-hills-nsw-2010">Kippax, Sophia, and Waterloo Streets</a> and will involve substantial demolition of the existing structures on the 780 sqm site.</p>

<p>According to the Urban Design Report prepared by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO</a>, the design has been shaped to reflect the area’s gritty industrial past while contributing to its evolving identity as a high-density urban hub.</p>

<p>“The proposed development is designed to integrate sensitively and intelligently with its immediate surroundings and evolving urban context,” DKO stated. “It mediates between the existing built environment and the area’s future trajectory, ensuring a thoughtful transition”.</p>

<p><img alt="First look: I.S.L. Property Investments plans eight-storey mixed-use apartments in Surry Hills" data-entity-type="file" data-entity-uuid="db880273-57af-4167-9601-f05fd7b39124" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Surry%20Hills%20isl.png?VersionId=f3Ix9jP4eJ44H69zUcgot_zxBr4rW6gJ" /></p>

<p>The project includes 35 one, two, three-bedroom apartments across the upper levels, with 15 per cent of the total floor area allocated to affordable housing.&nbsp;The dwelling mix is designed to cater to a range of household types, with layouts strategically oriented to maximise solar access and cross ventilation, DKO notes.</p>

<p>Architecturally, the building is anchored by a podium that reinforces the streetscape while referencing the area’s industrial brick fabric. Above this, a lighter tower form is chamfered to reduce visual bulk and improve solar access to the public domain.&nbsp;</p>

<p>“The tower mass is elevated above the podium, visibly distinct yet firmly anchored at the bookend corner of Kippax and Waterloo Streets,” DKO wrote.</p>

<p>The development is also aiming high on sustainability. Features include rooftop photovoltaics, water-efficient landscaping with local species, and a commitment to all-electric infrastructure.&nbsp;</p>

<p><img alt="First look: I.S.L. Property Investments plans eight-storey mixed-use apartments in Surry Hills" data-entity-type="file" data-entity-uuid="8e1b99eb-6945-48b6-8222-647efe549803" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site_0.png?VersionId=fUWGEn1sGpIMuzQ6KJ5zGQxQTjUoe9gz" /></p>

<p>The project is lodged under the Housing SEPP and seeks approval from the City of Sydney. There have been very few new apartment developments in Surry Hills in recent years. Some of the most notable has been redevelopments of former commercial buildings, as opposed to demolishing buildings.</p>

<p>That's the plan for national developer Time &amp; Place, which has recently submitted their State Significant Development Application for Marlborough House, the redevelopment of the original&nbsp;David Jones department store warehouse and factory building&nbsp;on Marlborough Street. The development will have around 150 warehouse-style apartments.</p>


First look: Rare new apartment project pitched for Sydney's Surry Hills

<p>Award-winning Canberra developer Art Group is approaching the final stages of construction on its newest residential development, Calypso, located on the city-fringe boulevard of Northbourne Avenue in Dickson.</p>

<p>Now 90 per cent complete and tracking toward a 2025 move-in date, <a href="https://www.apartments.com.au/new-apartments/calypso-dickson-330-northbourne-avenue-dickson-act-2602">Calypso</a> will deliver 207 one-, two-, three-bedroom apartments designed for the owner-occupier.</p>

<p>The project has been described as a “vibrant oasis” within the growing Northbourne precinct, with design and amenity focused on enhancing both liveability and connectivity.</p>

<p>[smartcode_project:default project_id=134842 project_image_fid=1205]</p>

<p><a href="https://www.apartments.com.au/developers/art-group">Art Group</a> has positioned Calypso to meet the growing preference for flexible, lifestyle-oriented urban living. All apartments feature floor-to-ceiling windows, generous internal layouts, and purpose-designed spaces such as study nooks or dedicated home offices in larger configurations.</p>

<p>One-bedroom layouts are designed with oversized bedrooms and dual-access bathrooms for added convenience, while two-bedroom apartments include additional study rooms and expansive kitchens.&nbsp;</p>

<p>The three-bedroom residences further elevate functionality with walk-in pantries, freestanding laundries, and panoramic mountain views from corner apartments.</p>

<p>[smartcode_project:default project_id=134842 project_image_fid=1203]</p>

<p>Beyond private residences, Calypso incorporates a range of shared amenities tailored to modern hybrid work and wellness lifestyles. These include dedicated coworking spaces, a gym with cardio and strength equipment, rooftop gardens, communal EV charging, and landscaped outdoor entertaining areas.</p>

<p>Technology integration is a key feature, with fibre-to-the-unit internet offering speeds up to 1,000 Mbps, instant-access Wi-Fi in shared zones, and an embedded network providing streamlined utilities.&nbsp;</p>

<p>The development also includes energy-efficient inclusions and central staircases designed to promote active living.</p>

<p>[smartcode_project:default project_id=134842 project_image_fid=912]</p>

<p>Situated on Northbourne Avenue, Calypso benefits from immediate access to light rail, placing residents within easy reach of the Canberra CBD.&nbsp;</p>

<p>The development is also walking distance to the <a href="https://www.apartments.com.au/developments/dickson-act-2602">Dickson</a> retail precinct and close to several key education institutions, including the Australian National University, University of Canberra, and Dickson College, as well as&nbsp;North Ainslie Primary School, Lyneham High, and Blue Gum Early Learning Centre.</p>

<p>With demand for inner-north apartments continuing to outpace supply, Calypso’s nearing completion places it among a select few large-scale projects delivering new stock to the area within the next 12 months.</p>

<p>With an exclusive final developer release, and $0 stamp duty available in the ACT, there has never been a better time to look at this unique development.</p>

<p>[smartcode_project_cta:default project_id=134842]</p>


Art Group’s Calypso in Dickson approaches completion

<p>Headland Parade is one of the most premium and tightly held streets in Barrack Point in the Shellharbour region south of Sydney.</p>

<p>Local developer&nbsp;Allowrie snapped up an opportunity to develop four custom-designed townhomes on the exclusive strip, which they recently completed the luxury homes to the design by&nbsp;<a href="https://www.apartments.com.au/architects/ingenuity-home-designs">Ingenuity Home Designs</a>.</p>

<p>[smartcode_project:default project_id=150639 project_image_fid=3556]</p>

<p>From the street, the development at <a href="https://www.apartments.com.au/buildings/12-headland-parade-barrack-point-12-headland-parade-barrack-point-nsw-2528">12 Headland Parade</a>&nbsp;features gabled rooflines, muted coastal palette and landscaped frontages that reflect the enduring character of the area.</p>

<p>Inside, the attention to detail continues across open-plan layouts that flow into private alfresco spaces, with select residences enjoying their own inground concrete swimming pool.</p>

<p>The interiors are defined by their use of thoughtful materials and functional sophistication. 40mm 0% silica stone quartz benchtops, brushed brass tapware, and curved v-groove bathroom cabinetry are paired with Polytec kitchen joinery and Lappato-finished terrazzo tiles to create spaces that feel both premium and relaxed.&nbsp;</p>

<p>[smartcode_project:default project_id=150639 project_image_fid=3550]</p>

<p>Comfort underfoot is achieved through hybrid European oak flooring and extra heavy-duty loop pile carpets in the bedrooms, while ducted reverse-cycle air-conditioning ensures seasonal adaptability.</p>

<p>Each residence includes a garage with epoxy flake flooring, landscaped outdoor areas, and integrated energy-efficient inclusions like 5kW solar photovoltaic systems. These elements reinforce the project’s focus on longevity and liveability, making the homes equally suited to growing families and downsizers alike.</p>

<p>[smartcode_project:default project_id=150639 project_image_fid=3558]</p>

<p>Located 160 metres from Little Lake and 400 metres from Warilla Beach, the address sits within walking distance of the Shellharbour Village café strip, Shellharbour North Beach, and the coastal cycleway.&nbsp;</p>

<p>The Shell Cove Marina precinct is a five-minute drive, and Stockland Shellharbour provides broader retail and medical services nearby. Recreational spaces include Dawes Park, Killalea State Park, and Bass Point.</p>

<p>The four townhomes are move-in ready, and start from $1.25 million.</p>

<p>[smartcode_project_cta:default project_id=150639]</p>


Staff Reporter

12 Headland Parade delivers rare new-build coastal homes to Barrack Point

<p>First home lending by the National Australia Bank has hit a record high.</p>

<p>&quot;Low interest rates, government incentives and greater working flexibility continue to allow first home buyers to get into their first place with April the strongest month in a generation,&quot; NAB executive for home ownership Andy Kerr said.</p>

<p>Its first four months 2021 saw its lending to first timers surge 67 per cent on 2020.</p>

<p>[smartcode_project:default project_id=3494 project_image_fid=89056]</p>

<p>Its lending was up 9 per cent on the final four months of 2020, with activity is returning to inner city apartments.</p>

<p>Outer metropolitan buying remained strong.</p>

<p>Kerr said buyers are back in Victoria</p>

<p>&quot;It&#39;s a bounce-back story for Victoria in 2021,&quot; Kerr told Nine News.</p>

<p>Mount Waverley saw the biggest jump in demand from first home buyers, up 180 per cent, compared with the same period last year.</p>

<p>Richmond, Croydon and Berwick all rose more than 140 per cent.</p>

<p>Buying at Wollert, Glen Waverley, St Albans and Glenroy rose by between 45 percent and 59 percent.</p>

<p>[smartcode_project:default project_id=3298]</p>

<p>Kerr said the level of first-home buyer activity was unusually high.</p>

<p>&ldquo;The level of first-home buyer activity has been like nothing we&rsquo;ve seen in a generation,&rdquo; he said.</p>

<p>&ldquo;Record low interest rates and government incentives continue to support demand and it&rsquo;s been great to hear stories of some customers purchasing their first home earlier than expected.&rdquo;</p>

<p>He advised buyer enthusiasm for regional properties has slowed since last year as lending for regional properties eased off by about 4 per cent.</p>


The NAB executive for home ownership Andy Kerr said the level of first-home buyer activity was unusually high

jchancellor

NAB first home lending hits record high as inner city apartment buying picks up

The NAB has cut its variable investor interest-only rate by 30 basis points to 2.99 per cent.

The big four lender also cut its variable principle and interest loan for investors with an 80 per cent or less loan/value ratio to 2.79 per cent last week.

“NAB wants a bigger slice of the action in the investor market and have been tweaking both their serviceability rules and their rates to attract new business, after losing ground to its competitors in this arena," 
RateCity.com.au research director Sally Tindall said.

With new lending to investors in March growing the fastest rate in 18 years, the NAB was attempting to increase its share.

“These are our lowest ever advertised variable rates for property investors,” NAB executive for home ownership Andy Kerr told The Australian.

NAB offers the lowest rate for that class of loan of the big four banks, but smaller lenders have lower offers.

Citi is offering 2.59 per cent, ING 2.64 per cent, HSBC and Macquarie 2.69 per cent and UBank 2.74 per cent.

Last week the NAB’s group chief economist Alan Oster noted the recent small rises in four and five-year fixed-rate home loans for owner occupiers reflected growing inflationary fears in the bond market however borrowers are unlikely to be caught out by steeper rises until 2025.

Oster said adjustments in longer term fixed-rate loans are the result of a sell-off on the bond market as investors worry there is too much stimulus in the market and central banks will need to begin tightening, the AFR noted.

The big four lender also cut its variable principle and interest loan for investors with an 80 per cent or less loan/value ratio to 2.79 per cent last week

NAB cuts variable investor interest-only rate by 30 basis points to 2.99 per cent

<html><body>
<p>As of today, NAB cut various fixed, investment, interest-only and package home loans by up to 15 basis points. </p>

<p>The lowest rate among the affected loans is 1.89% p.a, belonging to the Choice Package Tailored Fixed loan for two years, paying principal and interest.</p>

<p>Another NAB loan cut to the sub 2% mark is the Tailored Fixed loan for two years (P&amp;I), with an advertised rate of 1.99% p.a (4.20% p.a. comparison rate). </p>

<p>Other rate cuts are as follows:</p>

<ul>
<li>NAB Inv Tailored Fixed - IO in arrears 2 yrs: 10 basis point cut to 2.59% p.a (4.87% p.a. comparison rate*)</li>
	<li>NAB Inv Tailored Fixed  - P&amp;I 2yrs: 15 basis point cut to 2.39% p.a (4.75% p.a. comparison rate)</li>
	<li>NAB Choice Package Inv Tailored Fixed - IO in arrears 2 yrs: 10 basis point cut to 2.49% p.a (4.60% p.a. comparison rate*)</li>
	<li>NAB Choice Package Inv Tailored Fixed - P&amp;I 2 yrs: 15 basis point cut to 2.29% p.a (4.51% p.a. comparison rate*)</li>
</ul>
<p>These cuts by NAB follow a plethora of recent rate cuts, many of which were made to two year fixed loans.</p>

<p>In recent months, fellow big four banks Westpac and Commonwealth Bank had each cut at least one home loan rate to below 2% p.a - only ANZ is yet to do so. </p>

<p>Recently Homestar Finance cut out the competition  offering the lowest two-year fixed interest rate in history at just 1.74% with its variable rate also the lowest at just 1.79%:</p>

<h2>Residences where buyers could benefit from the cuts:</h2>

<p>[smartcode_project:default project_id=600]</p>

<p>[smartcode_project:default project_id=29935]</p>

<p>[smartcode_project:default project_id=6201]</p>
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In recent months, fellow big four banks Westpac and Commonwealth Bank had each cut at least one home loan rate to below 2% p.a with only ANZ still yet to do so

jordan_55689

NAB drops some fixed home rates to sub 2%

<html><body><p>The number of Australians who experienced some form of financial hardship rose slightly in Q4 to 32%, according to the latest NAB Insights.

Younger Australians reported noticeably higher levels of hardship, it noted.

While credit card debt is the most common form of debt held by Australians, it was found to cause the least anxiety. 

Around 1 in 3 Australians are in strong agreement that their finances control their lives.

And 1 in 4 struggle to enjoy life because of the way they are managing money, according to the latest NAB Insights. 

The NAB Financial Anxiety Index, fell in Q4 2020 and is well down on the same time last year as Australians are feeling less worried about COVID-19 and less concerned about the economy. 

However, anxiety increased among younger people aged 18-29, driven by concerns over credit card repayments, the ability to raise emergency funds and pay monthly household bills.  

Anxiety was also higher for women across all drivers, compared to men and nationally, NSW residents were the most financially anxious, replacing Victorians.

Despite financial anxiety falling, the number of Australians who experienced some form of financial hardship rose slightly in Q4 to 32% (up from a survey 30% in Q3), although still well down on a year ago, with hardship growing to 34% for women (31% in Q3) and to 30% for men (29% in Q3).  

The NAB Financial Anxiety Index is based on measured level of concern around 14 key metrics: Not being able to: meet the cost of medical bills/healthcare; make mortgage repayments, rent or other housing costs; meet minimum payments on your credit card; pay off personal loans; pay for your children’s education; for food and basic necessities; meet normal monthly household utility bills (e.g. electricity, gas, water, phone); meet other normal monthly household expenses (e.g. car, insurances, public transport, etc.); meet the cost of non-essential expenses (holidays, entertainment, eating out); raise $2,000 if an unexpected need arose within the next month; finance your retirement; provide for my family’s future; for major household items (e.g. furniture and appliances); and for home improvements &amp; maintenance. 

</p></body></html>

Around 1 in 4 Australians struggle at managing their money, according to the latest NAB Insights into financial anxiety and the role our household finances play in our wellbeing

NSW replaces Victoria as the most financially anxious state

<html><body>
<p>NAB has today announced cuts to fixed home loan rates with decreases of up to -0.55% for owner occupied and up to -0.15% for investment loans.</p>

<p>Today’s cuts position NAB’s owner occupier 3-year fixed principal and interest package rate of 1.98% (3.83% comparison rate) ahead of the other major banks’ rates for the same term.</p>

<p>Canstar analysis reveals that moving from the average variable rate of 3.28% to a 3-year fixed rate of 1.98% could see an owner occupier paying principal and interest on a $400,000 home loan slash their repayments by $273 each month or $9,828 over three years. However, moving to the lowest 3-year fixed rate in the market of 1.75% (comparison rate 2.22%) from NAB’s subsidiary bank, Ubank would cut repayments by $318 per month. </p>

<p><img alt="" height="502" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nab_rates_2021_1.jpg" width="680"></p>

<p>Canstar Group Executive, Financial Services, Steve Mickenbecker says the move shows NAB is competing for new business by taking advantage of low cost funding.</p>

<p>“Interest rates continue on their downward path for homeowners and investors. NAB’s 11 basis point cut to its three year fixed rate for homeowners means that it has undercut the rates of competitors to deliver the lowest interest rate of the major banks for this popular fixed term.”</p>

<p>“Low cost funding has made fixed rates the playground for the big banks and while the Reserve Bank term funding facility remains available, the great deals should stay strong. Mid-year could see a small upward adjustment when the term funding is expected to be fully allocated and expire."</p>

<p>“It’s a great time to be thinking about fixing a rate when you can lock in for three or four years with an interest rate below 2%. Today’s move from NAB suggests competition at the low interest rate end of the market will be with us for a little longer,” Mr Mickenbecker concluded.</p>

<p><img alt="" height="502" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nab_rates_2021_2.jpg" width="683"></p>

<h2>Properties you may like:</h2>

<p>[smartcode_project:default project_id=22700]</p>

<p>[smartcode_project:default project_id=2807]</p>
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Today’s cuts position NAB’s owner occupier 3-year fixed principal and interest package rate of 1.98% ahead of the other major banks’ rates for the same term

NAB cuts fixed rates by up to -0.55%

<html><body>
<p>After a stronger than expected housing turnaround, NAB are now forecasting dwelling values to rise by an average of eight per cent nationally across 2021, with a view that 2022 will also see strong gains.</p>

<p>The revision comes after the turnaround in the housing markets, pared with low interest rates, the government's HomeBuilder grants and stamp duty concessions on newly built properties.</p>

<p>"The housing market has fared significantly better than expected over the past year, despite significant headwinds from slower population growth and a weaker labour market," the NAB report read.</p>

<p>"Lower interest rates and household income support from the Federal Government have been a key support amidst the challenges of the pandemic.</p>

<p>"While the impact of lower rates is broad-based, there are some key dynamics underlying our forecast."</p>

<p>[smartcode_project:default project_id=90553]</p>

<p>NAB expect the smaller capitals to continue to outpace Sydney and Melbourne, but the two biggest capital city markets have closed the gap from NAB's previous forecasts.</p>

<p>In the Q2 update in mid-2019, NAB were forecasting a -4.3 per cent average decline across the country, with Melbourne (-7.3 per cent) and Sydney (-4.7 per cent), driving the losses.</p>

<p>In Q3, following a positive response to COVID-19, NAB flipped their forecast, predicting five per cent gains nationally over 2021 and Melbourne (+3.6 per cent) and Sydney (+4.4 per cent), going full circle.</p>

<p>Now NAB expect nearly eight per cent gains average, with Sydney and Melbourne not far behind other capital city markets.</p>

<p><img alt="" height="791" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nab_q4_forecast.jpg" width="1200"></p>

<p>They expect the best performer to be Brisbane, where there are 10.1 per cent gains forecast for 2021 and 6.3 per cent for 2022.</p>

<p>Adelaide and Hobart are predicted to see the strongest gains over 2022, up 7.4 per cent after 8.9 per cent and 9.7 per cent gains over 2021.</p>

<p>Sentiment has been on the turn for a number of months and the NAB Residential Property Index ended 2020 at a survey high +45 points. Confidence levels returned to levels last seen before COVID in late-2019 as expectations lifted sharply for house price growth across the country.</p>

<p><img alt="" height="905" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nab_sentiment_q4.jpg" width="1200"></p>

<p>NAB economist Alan Astor says first home buyer demand remains very strong in new and established housing markets and is likely being supported by historically low interest rates and government support such as the First Home Loan Deposit Scheme and HomeBuilder.</p>

<p>"The brief pullback in house prices earlier in the year may have also helped sentiment among these buyers."</p>
</body></html>

The revision comes after a stronger than expected housing market, pared with the low interest rates, the government's HomeBuilder grants and stamp duty concessions on new properties.



NAB raises dwelling price forecast for 2021 and 2022

<html><body>
<div>NAB releases its June 2015 Business Survey which revealed some interesting results, with unemployment now expected to peak at 6.25% and other near term data strengthening.</div>
<div> </div>
<div>Business conditions trending higher moving up strongly from +5 to +11, the highest level since last October and well above the long run average.</div>
<div> </div>
<div><a href="/images/2015/07/15/Nab1.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/07/15/Nab1.jpg" alt=""></div>
<div><span>Business confidence is also back up to its post election peak, moving up nicely from +8 to +10, with the highest recording now to be found in retail (the lowest confidence, of course, is in mining):</span></div>
<div><span> </span></div>
<div><a href="/images/2015/07/15/Nab2.jpg" target="_blank"><span>Click to enlarge</span></a></div>
<div><span> </span></div>
<div><span><img src="/images/2015/07/15/Nab2.jpg" alt=""></span></div>
<div> </div>
<div><span> </span></div>
<div><span>And trading conditions booming:</span></div>
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<div><a href="/images/2015/07/15/Nab3.jpg" target="_blank"><span>Click to enlarge</span></a></div>
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<div>The forward orders index also rose from +2 to +5.</div>
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<div><strong><span style="text-decoration: underline;">Buffers</span></strong></div>
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<div>On the other hand, consumer confidence has been ticked a little lower lately, which has led in turn to some remarkable loan "arrears" data.</div>
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<div>The average homeowner is now so far ahead on mortgage repayments that loans buffers are better measured in <em>years</em> than months. </div>
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<div>It's amazing how often this theme is recurrent with clients I speak to.</div>
<br><span>The full NAB survey can be found </span><a href="https://business.nab.com.au/wp-content/uploads/2015/07/NAB-Business-survey-June-15.pdf" target="_blank">here</a><span>.</span>
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<p><span><em>PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.</em><br></span></p>
<p><em>His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.</em></p>
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NAB business survey - an upside surprise: Pete Wargent

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<p>The NAB bank boss’s former chief of staff Rosemary Rogers has listed her Williamstown home, according to <em>Your Money</em>.</p>
<p>The television network's chief business reporter Leo Shanahan reported the listing was not on websites, but just had a sign on its front fence.</p>
<p>Rogers bought <a href="https://www.realestate.com.au/sold/property-house-vic-williamstown-126276766" target="_blank">her $3.8 million trophy home</a> with an NAB mortgage in September 2017 with her husband.</p>
<p>It was alleged the $380,000 deposit was paid to the real estate agent by Helen Rosamond from The Human Group.</p>
<p>She has resigned from NAB after years working as executive assistant to the previous CEO, Cameron Clyne, and then chief of staff to Andrew Thorburn.</p>
<p>NSW Police searched Rogers' home in the Melbourne suburb last December.</p>
<p>The senior executive at the National Australia Bank has since been charged with 56 offences after voluntarily flying to Sydney from Melbourne for questioning over an alleged $40 million fraud surrounding the bank.</p>
<p>The elegant four-bedroom Victorian home in Williamstown was built in 1880 on 1000 square metres.</p>
<p>It boasts a tessellated tiled veranda.</p>
<p>The Williamstown home also features a barbecue kitchen, pizza oven and a climate-controlled pavilion with indoor pool.</p>
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Former NAB chief of staff Rosemary Rogers lists Williamstown trophy home

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<p>The sentiment around retail property is still the weakest in NAB's Q3 Commercial Property Survey.</p>
<p>Confidence in the retail market is still -71, followed by CBD hotels, -60, and office, -53.</p>
<p>And there doesn't look to be a big spike if Australia continues to control the COVID-19 pandemic as well as any other nation.</p>
<p>The 12 month confidence still has retail at -71, and it expects office to be -63.</p>
<p>The two year measure was also broadly unchanged at near record lows in both sectors (Retail -47; Office -40).</p>
<p>Over the next 12 months, rents are expected to fall -6.2 per cent in retail.</p>
<p><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/NOV/26/Retail%20rents.jpg" alt=""></p>
<p>The South Australia and Northern Territory are set to suffer the most, with around -9 per cent declines.</p>
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<p>Over-supply is expected to persist in retail in all states in the next 1-5 years, bar VIC (“neutral” in 5 years). <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/NOV/26/retail%20cap%20values%20nab.jpg" alt=""></p>
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<p><span>Overall Retail vacancy remained at a near survey high at 8.8 per cent in Q3, despite improvement in NSW (7.7 per cent vs. 9.7 per cent in Q2). </span></p>
<p><span>Overall vacancy is expected to climb to 9.3 per cent next year, before easing to 8.2 per cent in two years’ time, with all states passing through their expected peak.</span> </p>
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