<html><body>
Early this year, developer Kalex is planning to launch their apartment and retail vision for their Gertrude Street, Fitzroy development, at the former Manfax hardware site.
However, they are going to launch the properties a little differently – with a new concept for the display suite presentation under the name ‘Living Events’, with sessions set to be held on Sundays.
Effectively, this is an interactive display suite that allows prospective buyers to be active, rather than passive, in exploring the space, according to <a href="https://www.kalex.com.au">Kalex</a>’s development director Liam Wallis.
Jackson Clements Burrows Architects, Roger Seller, Gaggenau, Urban Commons and Great Dane are involved in bringing Living Events together.
“Living Events is our exploration of the design for a space that invites people to imagine themselves in this exceptional location, living within a truly considered boutique scale apartment building, for example, by witnessing in action exactly the same Valcucine kitchen and Gaggenau appliances that will be installed within the project,” said Wallis.
With a flexible 254 square metre front of house area and 34 square metre back of house kitchen, featuring the Gaggenau appliances, the site can hold 150 people at a time.
The 166 Gertrude Street mixed use development will feature a range of apartment types, as well as ground level retail opportunities.
“Our aim for Living Events is to create an engaging experience that connects with discerning, design-savvy people,” Wallis said.
Some of these events will include cooking sessions but also gardening classes. Their event invitations encourage prospective buyers to visit the local area, such as Fitzroy, for lunch. It's all so very Melbourne and will be interesting to see whether it resonates with their prospective buyers.
</body></html>

jduke-EHk3XBmHkn

Kalex set to launch Fitzroy apartments with an interactive display suite sessions

<html><body>
Perth’s home owners have been reminded by the Building Commissioner to check the registration of painters, in particular, before paying them to carry out work priced over $1,000. If property owners do not undertake this due diligence, they may face being ripped off.
According to Building Commissioner Peter Gow, they are continuing to receive details of unregistered painters obtaining business by distributing flyers and going door-to-door offering services. Just recently, home owners in Willetton and Sorrento have provided reports of this activity.
Sub-standard and overpriced work could be the result of getting involved with an unregistered painter.
“In most parts of Western Australia, carrying out painting work valued over $1,000 requires a registration and any advertisements offering major painting work should contain the painter’s registration number,” Gow said.
“The Building Commission and our colleagues at Consumer Protection receive frequent complaints from consumers who have handed over money to an unregistered painter only to be left with overpriced and substandard work – or in some cases, no work at all,” he said.
“The best way for consumers to protect themselves from dodgy painters is to ask to see their accreditation and independently verify it before agreeing to any major work on their property.”
For those concerned, a quick check on the Building Commissions registration portal will <a href="https://www.commerce.wa.gov.au/building-commission/find-registered-building-service-provider" target="_blank">be able to find registered painters</a>.
Other signs to watch for are headings such as “full roof painted” for a value in excess of $1,000, and sometimes a 1800 phone number and no trading name could be warnings home owners could check out for to determine whether they are operating illegally.
Always check for credentials before agreeing to any work.
“These unregistered traders are difficult to track down for a refund or to make a warranty claim if you’re not satisfied with the work and are breaking consumer law by not observing a 10-day cooling off period for unsolicited sales,” Gow said.
“Most building work valued over $20,000 also requires the builder to be registered in WA and all plumbing work must be carried out by a licensed plumbing contractor,” he said.
You can report anyone you know to be offering unauthorised work via the Building Commission:1300 48 90 99 or <a href="https://mail.privatemedia.com.au/owa/redir.aspx?C=Ultkv_vW706GgICQ1Lr4DMvqpdX_AtIIb4VbQ_7izJOeO3QJXpzOHTVog-kX_Y62w6VPR2gnEM8.&amp;URL=mailto%3abcinfo%40commerce.wa.gov.au">bcinfo@commerce.wa.gov.au</a>.
</body></html>

Home owners warned to check registrations before paying for home improvement

<html><body>
Flinders Street apartment project, 108 Flinders, from Melbourne developer Riverlee, has been revealed – with a dual façade feature designed by Fender Katsalidis.
The development was launched in 2010 and is completely sold out, with 80% of <a href="https://www.108flinders.com.au" target="_blank">108 Flinders</a> purchased in the first few months.
The 190 apartment project includes one façade facing Flinders Street with another onto ACDC Lane. Each is created with a different concept, the Flinders Street facing front using a mosaic of coloured glass and stainless steel frames.
According to Fender Katsalidis Architects’ Karl Fender, the rear façade to ACDC Lane includes an urban scale art wall created by graphic artist Garry Emery, and includes a new restaurant. The façade can be individually altered by the residents to create privacy screens, altering the face of the art whenever they are moved.
The new restaurant is Patuso, a Peruvian grill.
“Our practice enjoys, wherever possible, to create an architecture that contributes to the richness of our city through the thoughtful integration of art into the building fabric, often working in close collaboration with Melbourne artists,” Fender said.
“108 Flinders is a sculpture in its own right, which embraces the diverse fabric of our city through its precinctual responses.”
In the middle of 108 Flinders is a modernized internal garden, 18 metres high, which is planned to improve amenity for those living in the two connected buildings. It includes a wall mural designed by Emery Studio, a waterpond skylight to the level below and upside-down tree sculpture suspended above.
There is also a rooftop terrace of level 12, explains Riverlee sales and marketing director Kristine Lee. It has views of the MCG and Federation Square.
On levels 11 and 12 there are premium penthouse residences that include their own mini-garden retreats within the home. The three penthouses that face onto Flinders Street have motorized louvered windows that have views of the Yarra River and Royal Botanic Gardens.
“We believe at 108 Flinders we have achieved an urbane home that gives Melbournians the chance to live, work and play in the CBD without compromising on anything,” said Lee.
The development also has communal facilities, including a gym and residents’ lounge.
</body></html>

Dual facades for Fender Katsalidis designed 108 Flinders

<html><body>
New data from the Real Estate Institute of Western Australia has found that Perth’s rents have dropped in December, with the median rent for the metropolitan area falling $10 to $440 per week.
REIA president David Airey has found that this drop is more prominent for apartments and villas, with houses weathering through a little better.
“Houses are typically holding a rental median of $450 per week, while units, apartments and villas have dropped to a median of around $420 per week,” Airey said.
The overall vacancy for Perth has lifted to 4.2%, with 6,300 rental properties vacant. Usually, a “normal” market for Perth is 3%, according to Airey, who says that the high rate is being driven by a slowing growth in population as a result of fewer jobs.
The data released by the REIWA sees the stock of property for lease increased by 10% over the December quarter – up some 37% over the year.
“The increase in stock over the past two years can be directly attributed to the rapid turnaround in migration which peaked in the year to September 2012. The latest reading of WA’s population growth for the year to June 2014 has it falling to its lowest level in eight years,” Airey said. 
“The available rental stock bottomed-out at around 2,100 dwellings in September 2012 and has grown by 200 per cent since then, lifting the vacancy rate from 1.8% to more than 4% over the last couple of years,” he said.
Areas that have seen the largest increases in rental listings include:
<ul>
<li>Belmont</li>
<li>Kwinana</li>
<li>Armadale</li>
<li>Wanneroo’s northwest corridor</li>
</ul>
However, Kwinana is up by $5 over 2014, to $390 per week – the only area to report an increase in median rent. Armadale is currently the most affordable area to rent – with a $370 per week median.
The biggest drops in median rent over the year (drop is in brackets):
<ul>
<li>Perth City ($65)</li>
<li>Vincent ($50)</li>
<li>Stirling South-east ($50)</li>
<li>Mundaring ($45)</li>
<li>Wanneroo South ($40)</li>
<li>Serpentine/Jarrahdale ($30)</li>
<li>Stirling West ($30)</li>
<li>Western Suburbs ($30)</li>
<li>Canning ($25)</li>
<li>Cockburn ($25)</li>
</ul>
Source: REIWA 
</body></html>

Perth rents plummet in December: REIWA

<html><body>
Three developers have been shortlisted for Darwin's Berrimah Farm project and will now submit comprehensive proposals prior to being selected.
The three local developers, Gwelo Developments, Halikos Group and Urbex, are competing for the development rights of the site and turn it into an urban centre.
Northern Territory Minister for Lands and Planning, Peter Chandler, said that they are looking for a developer with a vision to match the ‘premium’ location.
“This will be a community that not only supports its planned 6,750 residents but also attracts visitors from surrounding suburbs by creating spaces and places people want to be in,” he said.
“Restaurants, bars, supermarkets, schools and speciality shops are all possibilities.”
Chandlersaid that the shortlisted developers have the experience and knowledge to deliver quality proposals. They had previously answered an expressions of interest campaign that ran from October to 5 December 2014.
The request for detailed proposal process begins in February, with plans to choose a developer by mid-year, leaving the start of construction possible before the end of 2015.
</body></html>

Three developers shortlisted for Darwin's Berrimah Farm project

<html><body>
Further growth in new home construction is tipped this year, with the Housing Industry Association's (HIA) senior economist Shane Garrett pointing to the relatively high number of loans.
The November 2014 lending figures recorded by the Australian Bureau of Statistics found that the number of owner occupier loans for new dwellings dropped by 1.4%, however lending was 4.6% higher than November 2013.
New home loans are now up 0.7% in the three months to November and are 7.3% higher than a year prior.
“Last week saw building approvals reach an all-time high during November, and today’s lending figures add further to the evidence that Australia’s new home building industry will start 2015 on a strong footing,” said Garrett.
“The number of loans remains high although there is little sign of further growth,” he said.
“Fortunately, the flow of loans for new home construction is very solid. The number of new home construction loans in November was 7.6% higher than a year ago.”
He did note that the total volume of loans for home purchase has been dropping steadily for the past few months and that, as house prices have risen the stamp duty bills have also.
“Excessive taxation is hampering the efficient operation of Australia’s housing market. The issue requires immediate attention,” he said.
Meanwhile, the Real Estate Institute of Australia suggests the slowing activity may signal a rate cut.
REIA president Neville Sanders pointed to the proportion of first home buyers improving marginally, but noted the potential issues with the statistics.
"With moderating housing lending and GDP growth below trend, inflation well within the RBA’s target zone, the RBA Board should be considering a cut in interest rates at its February meeting,” said Sanders.
</body></html>

Lending figures point to new home building growth in 2015: HIA

<html><body>
Stamp duty is a tax paid by property buyers upon the purchase of a home or investment property. It’s not only levied on real estate – it’s also charged on a number of other assets – however, it’s most often discussed around property.
It’s charged on land, established homes, new properties, apartments, villas and pretty much all property sales and even gifts of property. Stamp duty is often also payable on your mortgage.
As the figure can add a substantial cost to purchasing a property, it pays dividends to be aware of what the cost may be upfront.
When you’ve bought a property you have 30 days after settlement within which to pay your stamp duty.
However, the total amount does differ by state and territory as it is levied by the state and territory governments and is not a federal charge. This means that buying the same priced property in Victoria will see you charged a different amount than if you bought it in South Australia.
Duty is usually charged by a threshold structure, based on how expensive the property is that you are buying.
You may be eligible for a concession or to even have your stamp duty waived, if you are a pensioner, a first home buyer, purchasing your principal place of residence or buying new (under certain schemes). Similarly, some groups, such as farmers, can achieve concessions. These concessions, again, are decided by your state and territory and so will differ.
Occasionally, no duty or minimal duty will be charged under a certain amount, however this is usually not a figure high enough to purchase a substantial property holding ($25,000 or so). In some states, duty can go as high as 7% for premium-priced properties (over $3 million). Usually, you pay based on the market value or the purchase price and take whichever is higher to do the calculation.
The stamp duty rates can change, so it’s worth keeping an eye out for any alterations made by your state or territory government.
You can usually pay your stamp duty by BPAY, mail, overseas or local EFT or in person at the local regulating office (e.g. OSR). You can also pay ahead of time.
</body></html>

What is stamp duty? Investment terms explained

<html><body>
Australians with a mortgage of $489,300 or more will see themselves spending $1 million or over for the life of their 30 year loan, according to Finder’s research.
The statistic is calculated on an average variable interest rate of 5.5%.
In a situation where the mortgage is 80% of the property value, then a property bought for $611,625 or more will end up costing more than $1 million.
Michelle Hutchison, money expert at Finder, said that borrowers are not looking down the track to see how much they end up spending when they look to see if they can afford a home loan.
“While it’s likely that your home will increase in value over a 30-year loan term, it might not compensate the cost of a home loan as the money you end up spending can be greatly increased if you have a small deposit and don’t shop around for a good value deal,” she said.
“This research was based on the average variable rate of about 5.5% but borrowers need to remember that there’s a big difference between what lenders are offering, which can mean bigger costs for a home if you’re not careful.”
She notes that the lowest ongoing variable rate they are current recording is 4.39% from Heritage Bank, or 1.11% lower than the average variable rate.
“Take advantage of the online tools and comparisons of different home loans to help you find the best value deals,” she said.
</body></html>

A $500,000 mortgage will cost $1 million plus over 30 years

<html><body>
A record amount of industrial sales helped push commercial property sales to $26.8 billion in 2014, according to CBRE Research.
With commercial property sales up 6% on 2013 levels, office property was the largest contributor at $14.5 billion of sales, with retail assets at $7.3 billion. Industrial property clocked in $5 billion of transactions – up 55% from 2013’s total and surpassing the 2006 record of $4.9 billion.
CBRE head of research for Australia, Stephen McNabb, said that the last quarter of 2014 saw strong activity in the industrial market.
“Industrial sales grew by 55% year on year, driven by a number of large portfolio sales,” McNabb said.
“Activity is being prompted by divergence of opinion as to the degree to which yield compression can continue. Strong yield compression in the super prime sector (80 to 90bp in Sydney/Melbourne) through 2014 prompted selling from some owners, in an environment where new sources of demand are looking for income yield combined with an expectation that the risk of yield softening is low,” he said.
He also said that across the entire commercial market, foreign investors have maintained their presence, however a slowing was noted – to 12% after a 2013 doubling of investment.
Meanwhile, Matt Haddon, CBRE regional director, industrial and logistics services, said that they had been predicting the strong uptick in industrial in early 2014.
“Despite a slow start to industrial sales volumes in 2014 with only modest figures recorded at the end of Q2, based on the volume of sales and enquiries we were handling back in July, we made the call that 2014 would set a new benchmark and that’s how it’s panned out, reaching the $5 billion mark for the first time,” Haddon said.
“Given the volume of deals currently in the pipeline and the number of quality assets due to come to the market in Q1 this year, we see this volume of sales being sustainable for the foreseeable future and don’t believe that 2014 will be viewed as a ‘spike’ in any way.”
The office markets’ growth was sustained throughout 2014 with Sydney and Melbourne recording strong years for turnover – totaling 80% of the national turnover for office stock, when in 2013 they numbered 65%.
“This is consistent with stronger demand for assets in these core markets in which the vacancy risk over the next few years looks more contained for both prime and secondary assets,” Haddon said.\
<img src="/images/2015/01/14/Commercial%20property%20transactions%20-%202014.png" alt="">
Source: CBRE Research
</body></html>

Record 2014 industrial sales leaves commercial market on a high

<html><body>
Harcourts’ latest addition, Harcourts Carlingford, was opened last week by owner Andrew Magro.
Magro, who has been working in the Carlingford area for 14 years, said that it’s nice to be known locally and expressed his enjoyment with the area where he started out putting up for sale signs, making coffee and answering the phones.
“I basically watched and learnt from my peers, I immediately grew a strong interest and passion for the real estate industry and I knew then I wanted to be the best at what I do and thrive on customer satisfaction,” he said.
“Real estate isn’t only about making a sale, it’s about building relationships with people which I love to do,” said Magro.
Joining Harcourts Group Australia due to a desire to own his real estate office, he chose the brand after having been involved with Harcourts Hills Living when looking to buy a property.
“I immediately fell in love with the Harcourts system, their operations and most of all, the blue stripes,” he said.
“My motivation was real estate agent, Jamie Benjamin and his performance, not only selling properties but in the way it was actually performed.”
He also aligns with the ‘Harcourts values’, putting people first and giving them the time they need, which he intends to continue at his new 5/326 Pennant Hills Road office.
“I believe the difference I have to offer is quality of service, not quantity. People deserve nothing but the best of service, all the time,” he said.
</body></html>

New agency Harcourts Carlingford launched 

Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<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/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<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/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Jennifer Duke

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News