As a first home buyer or investor, have you been contemplating purchasing either a one or two bedroom? Should there be an office space? Are energy efficient appliances and smart tech worth it? Or if you&rsquo;re just curious to know what other first home buyers are getting for themselves, take a look at the budget range and configurations other buyers are searching for on Urban.&nbsp;

According to Urban data, up to 57% of first home buyers in Victoria, New South Wales and Queensland prefer 2-bedroom configurations. This configuration is ideal for buyers as it accommodates the market&rsquo;s largest segment: young families with one or two children. Another factor to take into consideration would be the location. Being located close to university would be a good fit for students or an area that encourages a certain lifestyle for downsizers as there would be less commute time and more access to transportation.&nbsp;

According to <a href="https://www.vu.edu.au/mitchell-institute/tertiary-education/international-students-make-up-more-than-30-of-population-in-some-australian-suburbs">Mitchell Institute</a> from Victoria University,&nbsp;

&ldquo;The centre of Melbourne had the largest number of international students in the country &ndash; at almost 20,000, or 38% of the resident population. The neighbouring suburb of Carlton has the next largest with 9,600 or 39% of the population.&rdquo;

Smaller high-spec homes can give owner occupiers and downsizers a lifestyle improvement and low-maintenance living, while larger high-spec homes have the investment potential to earn better rental yields.&nbsp;

Here are some statistics to get an idea of the budget range from first home buyers from Urban in Australia.&nbsp;

For two bedrooms located in Victoria:

<ul class="rteindent1">
	<li>36% keep their budget within $600k-$800k</li>
	<li>32% keep their budget within $400k-$600k</li>
	<li>26% keep their budget up to $400k</li>
	<li>4% keep their budget within $800k-$1M</li>
	<li>2% keep their budget within $1M-$1.5M</li>
</ul>

Here are some 2-bedroom properties within these budgets that we think offer excellent value for money in Victoria:

FORME (from $600k)&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163026]

<ul>
	<li>13km from CBD, walking distance from Westfield Doncaster</li>
	<li>Quality finishes</li>
	<li>Close proximity to sought-after schools and transport</li>
</ul>

Sky Garden (from 668k)&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=168781]

<ul>
	<li>30 mins from CBD</li>
	<li>Unique amenities including gaming rooms (mah-jong and billiard), private cinema, gymnasiums with yoga studios, tai chi areas, steam room, heated lap pool and more</li>
	<li>Connected to the revamped and modern The Glen shopping centre located right below</li>
</ul>

<h2>Why is NSW more expensive?</h2>

Due to limited supply in the popular inner NSW suburbs, competition has driven house prices up.&nbsp;However, NSW is a desired place to live and invest in with&nbsp;its&nbsp;competitive market due to homes proving to retain value.

New South Wales:&nbsp;

<ul class="rteindent1">
	<li>54% keep their budget up to $400k</li>
	<li>23% keep their budget within $400k-$600k</li>
	<li>15% keep their budget within $600-$800k</li>
	<li>8% keep their budget within $800-$1M</li>
</ul>

Here are some 2-bedroom properties within these budgets that we think&nbsp; offer excellent value for money in New South Wales:

Kew Schofields Stage 1 - Rose Garden (from 495k); Stage 2- Georgette (from 535k)

[smartcode_project:default project_id=6025 project_image_fid=52592]

[smartcode_project:default project_id=32227 project_image_fid=93951]

<ul>
	<li>Has quality community living, perfect for young families</li>
	<li>Primary schools and Tafe college closeby</li>
	<li>Private access to a courtyard</li>
</ul>

Destination (from 874k)

[smartcode_project:default project_id=8669 project_image_fid=71740]

<ul>
	<li>Prime location in Macquarie and close to transport</li>
	<li>Has large house-like proportion layouts for an apartment that makes the rooms more spacious</li>
	<li>Elegant design and finishes</li>
</ul>

<h2>What does QLD have to offer?</h2>

Known for their beautiful beaches and coastal living, does this imagery of living in QLD fit your dream lifestyle? 
According to <a href="https://www.livingin-australia.com/australian-house-prices/">Living in Australia</a>, the average cost for a house in January 2019 in New South Wales would be $955,000 and $737,000 for Victoria. Compared to New South Wales and Victoria, Queensland&rsquo;s average price for a home is $530,000.

Queensland:

<ul class="rteindent1">
	<li>60% keep their budget within $400-$600k</li>
	<li>23% keep their budget up to $400k</li>
	<li>14% keep their budget within $600-$800k</li>
	<li>3% keep their budget within $800k-$1M</li>
</ul>

Here are some 2-bedroom properties within these budgets that we think offer excellent value for money in Queensland:

The Coterie (from $537k)

[smartcode_project:default project_id=6257 project_image_fid=141422]

<ul>
	<li>Only 1.5m away from the CBD with views of Brisbane&rsquo;s skyscraper</li>
	<li>Luxurious interior that is well-thought of with design elements from St Pauls</li>
	<li>Close to a lively neighbourhood&nbsp;</li>
</ul>

The Catalina (from 549k)

[smartcode_project:default project_id=6517 project_image_fid=71245]

<ul>
	<li>At a central location of Surfers Paradise</li>
	<li>Open floorplan that blends indoor-outdoor living with Gold Coast&rsquo;s skyline</li>
	<li>On top of the usual amenities, they have a hydrotherapy shower, treatment rooms, private cinema, and more to promote wellness</li>
</ul>

Familiarising yourself with the different market valuations in the areas you&rsquo;re looking to purchase a home in, will help you to identify whether you&rsquo;re getting a good deal for your property purchase. You can use platforms like Urban to compare prices within a particular location, taking into account amenities and home configuration. To view all listings on Urban, have a browse at <a href="/developments">our projects</a>.

briana

Urban data compares 2-bedroom configurations around Australia: Which property is right for you?

St. A, a new residential development by Cedar Woods, is setting a new standard for living in the heart of St Albans. St A was designed by DKO and includes 254 residences that are aimed at providing homeowners with an upgraded lifestyle complete with modern conveniences and timeless style. Each home has been meticulously designed to provide functional open plan living spaces, a large storage capacity, and a seamless indoor/outdoor flow.&nbsp;

[smartcode_project:default project_id=7633 project_image_fid=80010]

<h2>1. St A offers great access to Melbourne CBD, shopping centres and Sunshine Hospital</h2>

<figure><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/maxresdefault.jpeg?itok=yWlRmixO" width="580" />

<figcaption>St. Albans Railway, <a href="https://www.youtube.com/watch?v=zQtXAK_P__0">source</a></figcaption>
</figure>

Residents will have easy access to the CBD as the St Albans Train Station is situated within walking distance. To go to the city, residents can either travel on the Sunbury line by train or on buses 408, 419 or 903. The city is also only a 20-30 minute drive away on the freeway. St A is also less than 10 minutes drive to Brimbank shopping centre, Keilor Central, and many more shopping centres. It is also good to know that the new upgraded Sunshine Hospital is less than 10 minutes by car.&nbsp;

<h2>2. St A is close to a variety of education, perfect for families and students</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/stalb_students-with-principal-093.jpeg?itok=7U7hfWNH" width="580" />

<figcaption>St Albans Secondary College, <a href="https://stalbanssc.vic.edu.au/">source</a></figcaption>
</figure>

For families or students looking to move into the area, there are a number of schools to choose from close to St Albans.

Some of the top education centres include:&nbsp;

<ul>
	<li>St Albans Primary School</li>
	<li>Victoria University</li>
	<li>St Alban Heights Primary School</li>
	<li>Willis Street Kindergarten</li>
	<li>St Alban Meadows Primary School</li>
	<li>Sunshine Park Estate Kindergarten</li>
	<li>Catholic Regional College St Albans</li>
	<li>St Albans Secondary College</li>
</ul>

<h2>3. Join a multicultural suburb and try new things</h2>

<figure><img alt="" class="image-article-full-width-580px" height="313" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/467815_sld.jpeg?itok=CJZYwMiN" width="580" />

<figcaption>Vietnamese &amp; Chinese Restaurant: Phi Phi 2, <a href="https://www.quandoo.com.au/place/phi-phi-2-57230/photos">source</a></figcaption>
</figure>

St Albans is a very multicultural suburb, which means that there are a variety of restaurants, bars and cafes. For an array of Asian cuisine, visit St Albans&#39; major shopping strip, Alfrieda Street, or Main Road West/East if you are looking for European and Middle Eastern cuisines. Grocery shopping will be easy as Woolworths and multiple asian grocery stores are within walking distance.&nbsp;&nbsp;

<h2>4. St Albans is a thriving community&nbsp;</h2>

<figure><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/st-albans-lunar-festival.png?itok=7de6vDej" width="580" />

<figcaption>Lion Dance at the St Albans Lunar Festival, <a href="https://www.dyob.com.au/suburbs/north-west/st-albans">source</a></figcaption>
</figure>

There are a lot of entertainment options available to St Alban residents. Head down to The Bowery Theatre and St Albans Community Centre (STACC) where they both host art and community venues available for performances, rehearsals, meetings, and events. For a casual scene, St Albans Hotel would be perfect for drinks and dinner in the bistro with live entertainment, pool tables, sport playing on a big screen and an indoor play area for your kids. Every January, 80,000 people gather at St Albans to celebrate the Lunar Festival to watch the Lion Dance and a fireworks display.&nbsp;

<h2>5. St Albans is an in demand suburb</h2>

According to <a href="https://www.realestate.com.au/neighbourhoods/st-albans-3021-vic " target="_blank">Realestate.com</a>, a medium house price at St Albans is $640,000 as of June 2021, and $350 per week for rent as of July. If you are looking to invest, renting at $350 per week would obtain a 2.8% annual rental return for homes. In the last 5 years, St Albans has experienced a compound growth rate of 7.2% for homes and 6.5% for apartment units. St Alban&rsquo;s demographic consists of 24.5% in independent youth and 28.8% in couples and families.&nbsp;

<h2>6. Enjoy the surrounding greenery and be closer to nature with a selection of nearby parks</h2>

<figure><img alt="" class="image-article-full-width-580px" height="265" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1476410867.55280.jpg?itok=moRCyCc2" width="580" />

<figcaption>Cairnlea Park, <a href="https://goodmigrations.com/city-guides/melbourne/cairnlea">source</a></figcaption>
</figure>

To briefly escape from the hustle and bustle of the city, parklands such as the Brimbank Park, Waterfield Park, Cairnlea Park, and Organ Pipes National Park are all within a 5 minute drive. To enjoy a coastal walk, Altona beach is only a 25 minute drive. Each home is also built with sustainability in mind to reduce the carbon footprint of the entire development, attaining a 6-star energy rating. This includes features such as rainwater tanks and double glazing on select residences.&nbsp;

There are a variety of two and&nbsp;three-bedroom townhomes currently available, with several design layouts to choose from including:&nbsp;

<ul>
	<li>Sapphire IV: A 3 storey 3 bedroom, 3.5 bathroom, a study and a double garage</li>
</ul>

<figure><img alt="" class="image-article-full-width-580px" height="410" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0001.jpg?itok=PEvC3a3C" width="580" />

<figcaption>Sapphire IV</figcaption>
</figure>

<ul>
	<li>Argyle I &amp; II: A 2 storey, 2 bedroom, 2.5 bathroom and a carpark</li>
</ul>

<figure><img alt="" class="image-article-full-width-580px" height="410" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/0001_copy.jpg?itok=8xP57Jff" width="580" />

<figcaption>Argyle I &amp; II</figcaption>
</figure>

[smartcode_project:default project_id=7633 project_image_fid=32168]

If you can imagine a life in St Albans and enjoying all that the neighbourhood has to offer, then reach out to a sales agent via Urban today.

[smartcode_project_cta: project_id=7633]

7 reasons to consider buying a home at Cedar Woods' St A in Melbourne's north west

Melbourne residential tower K1,&nbsp;boasts&nbsp;360&deg; views with homes offering spacious garden balconies.&nbsp;DE Atelier Architects have designed three-bedroom sky homes with graceful, organic shapes, natural warm materials and luxurious interiors.&nbsp;

<a href="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_962,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-cd459faa3d88cc4d5e564b6bfbdbb45a.jpg" target="_blank"><img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_962,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-cd459faa3d88cc4d5e564b6bfbdbb45a.jpg" style="width: 1924px; height: 840px;" /></a>

Bergman &amp; Co. creates interiors with exceptional clarity of vision to instil warmth, sophistication, and timeless beauty through combining the use of moody tones, sunlight and French oak. These residences are distinguished by exquisite features such as a desk suspended from the ceiling for the workspace, as well as finer details such as rose gold tapware, and curved garden terraces.

The kitchen includes VZug kitchen appliances that were manufactured in Switzerland, Liebherr integrated fridges and Vintec 40 bottle wine fridges.

Bathrooms include Rogerseller fittings that have been carefully selected to represent a timeless contemporary design with quality materials, simplicity and craftsmanship.&nbsp;Bathrooms also include heated shower rails and tile insert shower grate.

These luxurious residences come in a light and dark theme, both of which include neutral palettes.&nbsp;

<a href="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_630,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-02a22cd197380352f9b9de4436b5a747.jpg" target="_blank"><img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_630,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-02a22cd197380352f9b9de4436b5a747.jpg" style="width: 1260px; height: 840px;" /></a>

THE MATERIALS USED:

<ul>
	<li>Black Odyssey Marble benchtop&nbsp;and splashback</li>
	<li>Bottega and Angora Oak</li>
	<li>Smokey grey mirror wall</li>
	<li>Rose Copper</li>
	<li>Matte finish wall tiles</li>
</ul>

The gardens of K1 Residences are a defining aspect of the stunning building&#39;s design, designed by award-winning landscape architecture firm, Aspect Studios. Layers of greenery add a lovely tracery of dappled light to the exterior&#39;s arcs and crescents. This lush greenery reflects Melbourne&#39;s best-loved suburbs&#39; gardens and tree-lined streets.

<a href="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_697,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-e7a591129cbf2a2a2082596a6d848a3a.jpg" target="_blank"><img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_697,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-e7a591129cbf2a2a2082596a6d848a3a.jpg" style="width: 1394px; height: 840px;" /></a>

The verdant terrace features timber and natural greenery for you to enjoy the space for relaxation and socialisation. K1 Residences&#39; ground floor transitions seamlessly from a clean contemporary interior to a vast and beautifully planted garden. Residents can now enjoy indoor and outdoor living because of its low maintenance and stunning architecture.&nbsp;

<a href="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_513,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-a368fe75e34312bc5adb8c91f6489d57.jpg" target="_blank"><img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_fill,w_513,h_420,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/project-renders/k1-residences-1-union-street-melbourne-a368fe75e34312bc5adb8c91f6489d57.jpg" style="width: 1026px; height: 840px;" /></a>

Located with the perfect balance of serenity and vibrancy, K1&rsquo;s immediate neighbourhood is tranquil and picturesque. The greatest of Melbourne&#39;s restaurants, entertainment opportunities, markets, shopping, and places to relax are all within walking distance. K1 provides easy access to everything Greater Melbourne has to offer. Major highways and freeways are only a few minutes away, and public transportation is easily accessible.

[smartcode_project:default project_id=2772 project_image_fid=31757]

For more enquires on K1 Residences, please contact our agents via Urban.&nbsp;

The design details: Materials used to craft the recently completed K1 Residences

As a first home buyer, you might be asking yourself, will this property be worth it in the long run? Why is location so important? Will the property be profitable to sell in the future?

Choosing a good location is arguably one of the most important factors when choosing a home. Not only can it offer convenience and better liveability,&nbsp;but buying in a rising suburb can be a&nbsp;smart way to ensure your property will hold its value.&nbsp;We&#39;re going to walk you through some of the top location factors to consider when choosing your first home.

&ldquo;Location creates desirability, desirability creates demand, and demand raises property prices. If you cleverly choose the location of your new home, you will not just enjoy an improved lifestyle (think - better amenities, schools, transport, and so forth) but potentially profit significantly when it comes time to sell-up and move on.&rdquo;

<a href="https://gw.legal/articles/why-location-location-location-is-still-the-most-important-consideration-when-buying-a-home" target="_blank">GW Legal</a>, conveyancing specialists

First home buyers may consider an investment plan for their first home purchase, making location an important investment feature that can be valuable to increase rental opportunities and resale value in future. Here are eight&nbsp;location features you could consider:

<h2>1. Investment opportunity</h2>

<figure><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_1139707214.jpg?itok=xkZHpW63" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

To maximize resale value, it can be wise to select a property in a sought-after location. Features to look for can include low noise, a well-maintained neighbourhood and streets with slight elevation for good drainage and sun.

Where possible, avoid close proximity to highways/train tracks, factories and utility lines. According to Gustan Cho Associates, &ldquo;buying a house next to power lines may decrease property value <a href="https://homeguides.sfgate.com/much-power-lines-lower-real-estate-value-2979.html" target="_blank">as much as 10% to 40%</a>&rdquo;.&nbsp;

Having easy access to public transportation, good schools, entertainment, retail, dining and recreational centres are key factors to consider. Having additional public transit choices available, whether in the CBD or the suburbs, means that the property could <a href="https://www.smartcitiesdive.com/news/property-values-thrive-near-transit-study-finds/564982/" target="_blank">become more valuable over time</a>&nbsp;as it becomes easier to commute to.

[smartcode_project:default project_id=5234 project_image_fid=84282]

Being near good schools gives parents that have school-age kids the opportunity to settle or rent out the property to a family. As a result, homes located in good school zones experience a higher growth compared to lower-ranked school zones.

Research from the Real Estate Institute of Victoria states how properties located within popular primary and secondary schools are able to secure sale prices above <a href="https://reiv.com.au/policy-resources/latest-news/top-performing-public-schools-leading-price-growth" target="_blank">$400k more</a> than properties outside those school zones.&nbsp;

<h2>2. Employment opportunities</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/shutterstock_614433167.jpg?itok=phLLncAl" title="Source: Shuttershock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

When there are new businesses opening in the area, this can boost job supply making the area a desirable option for job opportunities.

As businesses grow with the population of the area, there may be higher chances of the property increasing in value as there can potentially be amenities and entertainment that will develop alongside to cater to the population.&nbsp;

<h2>3. Infrastructure upgrades</h2>

Infrastructure projects (planned and under construction) can help in indicating a rise in housing demand.

[smartcode_project:default project_id=29358 project_image_fid=85966]

Social infrastructure that may attract buyers and families to an area includes: public transportation links that provide connectivity to the city, greater selection of educational facilities, upgraded utilities, or the addition of health services.

<figure><img alt="" class="image-article-full-width-580px" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_190368989.jpg?itok=Je3j24rm" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

These may be reasonably certain indicators for finding tenants or future buyers. Areas, where the construction and mining sectors are entering or extending their operations, have the opportunity to attract jobs and workers to the region, which may offer potential long-term investment and capital growth opportunities.

<h2>4. Consider looking for property in fringe suburbs</h2>

If your first choice location is out of budget, neighbouring suburbs can be an excellent solution as they can provide cheaper entry points to the market.

Townhouses and family-friendly apartments can also be considered as a more affordable alternative to the stand-alone housing stock in high demand suburbs.

[smartcode_project:default project_id=29048 project_image_fid=151675]

<h2>5. Choosing the right suburb</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_1988193521.jpg?itok=-L58WU3l" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

URBAN &amp; CITY

Pros:&nbsp;

<ul>
	<li>
	Love the bustle of the city
	</li>
	<li>
	Close to an abundance of entertainment, restaurants and nightlife
	</li>
	<li>
	Shorter commute times
	</li>
	<li>
	Many amenities nearby
	</li>
	<li>
	Great for walkability
	</li>
</ul>

Cons:&nbsp;

<ul>
	<li>
	Less space
	</li>
	<li>
	Noise pollution
	</li>
</ul>

COASTAL

Pros:&nbsp;

<ul>
	<li>
	Love the beach and its openness and fresh air
	</li>
	<li>
	Relaxed lifestyle
	</li>
	<li>
	Great place to raise a family
	</li>
	<li>
	Better work/life balance as a <a href="https://www.marketwatch.com/story/people-who-live-on-the-coast-are-typically-happier-than-those-who-dont-says-science-2019-10-01" target="_blank">study</a> from Exeter University found that living close to the sea is good for your mental health
	</li>
</ul>

[smartcode_project:default project_id=5559 project_image_fid=88243]

Cons:&nbsp;

<ul>
	<li>
	Higher maintenance costs due to exposure to sea air, strong winds, spot water damage, damp and rust problems
	</li>
	<li>
	Less privacy during peak season
	</li>
</ul>

SUBURBS&nbsp;

Pros:&nbsp;

<ul>
	<li>
	Often plenty of schooling options
	</li>
	<li>
	Can be more affordable
	</li>
	<li>
	Relaxed lifestyle
	</li>
	<li>
	Local amenities growing
	</li>
</ul>

Cons:&nbsp;

<ul>
	<li>
	Potentially longer commute
	</li>
	<li>
	Not as much entertainment, restaurants and nightlife compared to the city
	</li>
</ul>

<h2>6. Insurance premiums</h2>

Environmental hazards associated with the property&#39;s location should also be addressed, as insuring a property in a flood or bushfire-prone area may be more expensive, affecting your budget.

According to a recent assessment by the <a href="https://www.afr.com/property/residential/climate-change-predicted-to-wipe-571-billion-off-property-values-20190508-p51law" target="_blank">Climate Council</a>, climate change and extreme weather would cause the Australian property market to lose $571 billion in value by 2030.

Make sure to double-check to see whether the insurance covers all these hazards as it may not be the case for most properties.&nbsp;

<h2>7. Limitations on your property</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_375497461.jpg?itok=xbcDyYXM" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

The Vegetation Protection Overlay (VPO), the Environmental Significance Overlay (ESO), the Significant Landscape Overlay (SLO), and the Heritage Overlay (HO) are four overlays that can be used to protect and manage vegetation in urban areas as part of Victoria Planning Provisions (VPP).

They will have limited relevance in urban areas with small lot sizes because they aim to avoid broad-scale clearance of vegetation.&nbsp;

Restrictions such as the Vegetation Protection Overlay (covered in some parts of Monash and Mornington Peninsula Planning Scheme) exist in order to protect current vegetation, encourage the regeneration of native plants and trees, and maintain and improve habitat for native wildlife.

It can be used on individual trees, groups of trees, or large expanses of vegetation. This will cause limitations to any property in a protected area that you may want to renovate.&nbsp;

<h2>8. Recency</h2>

<figure><img alt="" class="image-article-full-width-580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/shutterstock_525154717.jpg?itok=O3dK6E74" title="Source: Shutterstock" width="580" />

<figcaption>Source: Shutterstock</figcaption>
</figure>

When you have found your potential property, it is good to start looking for their comparable sales (also known in the industry as &ldquo;comps&rdquo;).

Comps are recently sold properties that have similar characteristics to the one you&rsquo;ve been looking to purchase or invest in.

When it is a good deal, the value can go up when you resell in the future due to infrastructure and other upgrades.

New houses or renovated houses in that area can also drive up the value as it may increase interest.

As a first home buyer, you might be asking yourself, will this property be worth it in the long run?

Home buyer guide: Location indicators to take into account when buying your first home

4 Ballarat Street is the latest Brunswick apartment development by Assemble Futures, with design by Fieldwork Architects and landscape design by Rush Wright.

The development places an emphasis on providing a seamless transition to the natural environment, with each apartment running on 100% renewable energy. The&nbsp;spacious outdoor areas and floor-to-ceiling glazing provide&nbsp;plenty of light to fill each living space and cross-flow ventilation.&nbsp;

4 Ballarat also aims to connect its community through the functional spaces on offer, including: rooftop area for residents to relax, multipurpose room, assemble space to host social gatherings, barbecue, herb &amp; veggie garden, dog park and lending library where the residents can share and lend their favourite books.&nbsp;

The building&nbsp;sits in the heart of Brunswick, a popular location for cafes and restaurants. Urban has taken a look at what&#39;s in the neighbourhood.

[smartcode_project:default project_id=94542 project_image_fid=160729]

When it comes to fantastic eat streets in Melbourne, I would place Sydney Road at the top of the list.

Tiba&#39;s (a Lebanese restaurant founded in 1983), Mediterranean Wholesalers, Project281 Cafe, a vast Italian supermarket, A1 Bakery (a famous family business founded in 1992), are all located here.

The Sydney Road precinct is a short walk from 4 Ballarat.

4 Ballarat is also within walking distance to Woolworths, ALDI, Coles, Chemist Warehouse, Bunnings, and RMIT University Brunswick Campus.&nbsp;

[smartcode_project:default project_id=94542 project_image_fid=160735]

Within a 10 minute walk are a number of&nbsp;outdoor and recreational activity sites, such as Clifton Park, Gilpin Reserve, A G Gillion Oval, and Brunswick Baths.

Residents are well connected to the neighbouring areas, and&nbsp;a 25 minute tram ride to Melbourne&#39;s CBD.&nbsp;

[smartcode_project_cta: project_id=94542]

The building sits in the heart of Brunswick, a popular location for cafes and restaurants.

Walking tour: What’s within walking distance from 4 Ballarat Street, Brunswick?

Townhouses fuse the convenience of apartments and their&nbsp;upgraded amenities with the advantages of investing in a stand alone property. According to <a href="http://ironfish.com.au/blog-news/look-buying-townhouse-tips-investors/">Iron Fish</a>&nbsp;- a company that builds confidence from data-driven investment insights,&nbsp;

&ldquo;A well-built townhouse in a good location usually sees stronger rental yields than houses in the same area. For investors seeking cash flow for their property portfolio, townhouses can be an appealing option when compared to a free-standing house&rdquo;

They are more inexpensive compared to free-standing residences as they hold more value for its use of land, making a promising long-term capital growth. Compared to existing properties, townhouses have low maintenance for their latest standards when it comes to comfort and entertainment. If you are looking for a townhouse located in Victoria, here are 5 of our top picks selling now.

<h2>1.&nbsp;<a href="/buildings/omnia-4-6-horscroft-place-moorabbin">Omnia</a></h2>

[smartcode_project:default project_id=29048 project_image_fid=151680]

[smartcode_project:default project_id=29048 project_image_fid=151679]

Starting from $465,000

Located in the heart of Moorabin - one of Melbourne&rsquo;s major suburbs, Omnia showcases a luxurious lifestyle featuring Roger Brayshaw&rsquo;s designs and renowned Sheffield property developer. Omnia&rsquo;s floor-to-ceiling sliding doors are ideal for a seamless indoor-outdoor lifestyle. Starting at $465,000, Omnia presents the best of both worlds with townhouses and apartments featuring sophisticated finishes and clean lines.&nbsp;

<h2>2.&nbsp;<a href="/new-townhouses/the-fabric-altona-north-188-198-blackshaws-road-altona-north-vic-3025">The Fabric&nbsp;</a></h2>

[smartcode_project:default project_id=22699 project_image_fid=70089]

[smartcode_project:default project_id=22699 project_image_fid=39042]

When designing The Fabric, Mirvac&rsquo;s award winning team prioritised comfort, style, functionality and sustainability. Their spacious courtyards are perfect for hosting your friends and family or to grow your own herb garden. The contemporary architecture is accompanied by floor-to-ceiling windows that maximises natural light. The Fabric also offers a range of intelligent and flexible home designs for optimal personalisation.

<h2>3. <a href="/developments/doncaster-vic-3108">Tullamore Homes</a></h2>

[smartcode_project:default project_id=22803 project_image_fid=53579]

[smartcode_project:default project_id=22803 project_image_fid=53580]

Located in Doncaster, Tullamore Homes by Mirvac has private and public schools closeby with convenient transport routes to University of Melbourne and Deakin University. Tullamore Homes feature contemporary and functional open spaces, as well as walkable trails with 20% of the site dedicated to nature. It is in walking distance to Westfield Doncaster, has over 400 stores, including cafes, restaurants, cinemas, department stores, supermarkets and fresh food markets. Within the Tullamore community, the new&nbsp;dog-friendly caf&eacute;,&nbsp;Stables Providore Caf&eacute;, has had great responses from the community and is open during lockdown for takeaway and dine-in service.&nbsp;

<h2>4. <a href="/new-townhouses/luma-sunshine-north-247-st-albans-road-sunshine-north-vic-3020">Luma</a></h2>

[smartcode_project:default project_id=27783 project_image_fid=96894]

[smartcode_project:default project_id=27783 project_image_fid=96896]

Starting from $515,000

Luma&rsquo;s urban townhomes are perfect for homebuyers that are looking for a property for long-term living and low maintenance. Luma features solar panels and battery storage that help reduce your carbon footprint and energy bills, it&rsquo;s a win-win for the planet and homebuyers! With community in mind, masterplanning agency, RobertsDay, also included a 3,600 square meter park for residents and the broader community that includes a playground, barbecue areas and walking tracks.

<h2>5.&nbsp;<a href="/buildings/haven-townhomes-42-homeleigh-road-keysborough">Haven Townhomes</a></h2>

[smartcode_project:default project_id=8082 project_image_fid=59639]

[smartcode_project:default project_id=8082 project_image_fid=59637]

Situated in a residential neighbourhood to create optimal community lifestyle, Haven Townhomes spoil their residents with tranquil areas to relax. Haven Townhomes is located close to sporting and education facilities, shops, services, roads and transport. Equipped with European Artusi kitchen appliances that motivate cooking for family and friends. Haven Townhomes&rsquo; exterior is filled with luscious landscaped gardens, fences and driveway. With 80% sold in stage 1, Haven Townhomes has everything you need at your doorstep.&nbsp;

The convenience of apartments and spaciousness of free-standing homes: 5 townhomes you’ll love in Melbourne’s outer suburbs

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

Joel Robinson

Cedar Woods progresses with new apartment plans in Southbank arts precinct

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

BANKSII sales launch in booming East Brisbane apartment market

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

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

<section data-element_type="section" data-id="b086848">
Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.

They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.

The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.
</section>

<section data-element_type="section" data-id="534a164">
Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.

“Melbourne is regaining momentum,"&nbsp;Stevens said.

"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.

“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."

<img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" />

Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.

Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.

“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”

Kokoda Property will now progress concept design ahead of a future planning process.
</section>

Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

[smartcode_project:default project_id=108747 project_image_fid=190743]

One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Briana Lee

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Briana Lee

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