<html><body>
As a certified <a href="https://www.bcorporation.com.au/">BCorp</a> and signatory to <a href="https://au.architectsdeclare.com/">Architects Declare</a>, ClarkeHopkinsClarke spoke with Urban.com <a href="/news/735-australian-architects-agree-to-become-entirely-carbon-neutral-by-december-2020">recently</a> about the practicalities of going carbon neutral in response to the climate emergency. We invited Partner Toby Lauchlan and Senior Architect Janice Tan to discuss changing demands in the Multi-Residential sector and the role for developers, designers and buyers in creating high impact, resilient development.

Over recent months we’ve seen a positive impact emerge from the global climate emergency and Australia’s bushfire crisis: increased interest in better Environmentally Sustainable Design (ESD), homes with higher energy star-ratings and carbon-neutral development. As more of us experience the climate emergency personally and recognise the ecological, financial and social costs of policy inaction, we’re looking for better ways to build and live.

Property buyers are savvier and better informed. They know building and construction accounts for nearly 40% of energy-related carbon dioxide emissions globally. They understand our cities are growing rapidly and putting our natural habitats under unsustainable pressure. They want to feel like they’re part of the solution, not the problem, by buying homes and living lives that feel – and are – far more sustainable environmentally, socially and financially.

This interest is creating a demand for higher energy star-ratings. Where 6-star homes are mandatory and 7-star homes desirable, we’re seeing increased demand for developments of 7-8-stars and more. That’s on top of now-standard expectations for refined communal spaces and expansive roof gardens. Much currently rests on higher star ratings, but their nuances aren’t well understood by buyers and they don’t tell the whole ESD story. Some developments offer a host of great ESD features that aren’t actually captured by star ratings. So it’s hard for buyers to assess their worth and compare apples with apples. 

There’s an important role for architects, developers and builders in helping buyers understand what star ratings like Green Star, NatHERS and BESS do and don’t measure and the practical impact of various ESD features and materials. Choosing durable materials right down to internal linings, for example, is an important way of ensuring lower replacement costs and less waste over the life of a building.

As an industry, we need a better process for giving buyers and building users more holistic and meaningful user manuals. Currently, builders supply manuals and they tend to focus on operating appliances. Designers and developers need to contribute too and broaden the focus to include clear explanations of ESD in practice and how and when to use features like thermal chimneys, external shading and passive heating, making it easier for people to operate their homes to their full potential. And of course, building owners and users need to apply the same scrutiny to their habits within their home and neighbourhood, too. An 8-star, fossil-fuel-free home is a great start on a low-impact lifestyle. But social and environmental sustainably also means considering things like our transport use, waste management, shopping and eating habits and social connectivity. 

Designers can build on the growing demand for better ESD by making it more convenient and much more visible. That means clearly expressing water tanks and solar panels. Making shared facilities visible from the street, from veggie patches and composting to bike storage and electric and solar car charging. 

Involving residents in the management of their physical environment so they’re more invested in using it efficiently is central to our mission. At a new fossil-fuel-free development in Brunswick East, we’re planning to place building management panels just inside front entrances to show residents precisely how much energy they’re currently using and how they can reduce it. Ultimately, we believe, it’s this kind of visibility and emotional investment that’ll make better ESD more desirable and drive demand for architecture with social impact that’s plain to see.

Obviously, there’s an upfront cost associated with higher star-ratings and more ambitious ESD initiatives but there is multiple time and cost savings too. Clients tell us better ESD and higher ratings help sell properties more quickly, saving them substantial time and money. Councils tend to support developments with good ESD because they align with their broader vision, create better outcomes for residents and impact less on existing infrastructure. A smoother path through planning represents time and cost savings too. 

Ultimately, clients, builders and architects are becoming more conscious of their legacy on the built environment and looking for ways to create a more positive impact. That’s true of others in industry too, like the financial institutions now distancing themselves from fossil fuel-based projects and offering home loan incentives to buyers of carbon-neutral and high-ESD homes. The industry as a whole is under increased media scrutiny, and we know we’ll be held to account for our social and environmental impact. More ambitious ESD and more inclusive, better-connected communities offer the best path forward. Why wouldn’t we take it?

Lead image: Bourke Road, Credit: ClarkeHopkinsClarke.
</body></html>

Olivia Round

Astute home buyers could be the driving force behind environmental change in off-the-plan building practices

<html><body>
Renowned property developer Lendlease released a survey which detailed first home buyer sentiment and concluded that many young Australians are taking steps towards attaining their first home in 2020. A study by McCrindle on behalf of <a href="/developers/lendlease-development">Lendlease</a> interviewed 1005 Australians aged between 18-40. It revealed 8 in 10 people believed they would own a home in future, with almost half (47%) commenting that they are looking to buy within the next five years. The survey also found a majority of young Australians (58%) would be more inclined to buying or building a new home, over an existing home (42%).

Further positive sentiment found that young home seekers were <a href="/news/first-home-buyers-snap-up-property-due-to-fear-of-missing-out">feeling confident in the market</a>, with 25% believing <a href="/guides/five-reasons-why-now-could-be-a-good-time-to-buy-off-the-plan">2020 is the right time to buy a home</a>, and 30% claiming that they would be in a better position to purchase over the next 12 months, than the past year. You could attribute the resurgence of optimism among buyers to several reasons. However, the underlying driving factor behind the desire to own a home is said to be because young Australians want ‘a place to call home’. And rightly so.

To gain a more in-depth understanding of the results of the survey, we reached out to Ben Christie, Head of Residential Developments at Lendlease, who provided us with more insight into both the incentives and hindrances for buyers. Ben also shared some valuable advice for buyers looking to break into the market over the next 12 months.

Urban.com.au: The Lendlease ‘Young Aussie Home Ownership’ Home study found that 8 in 10 Australians dream of owning their own home, yet only 25% believe 2020 is the year to buy. Why do you think that is? What changes can be made within the property industry to change that perception?

Ben Christie: We know that affordability is a key challenge for young Australians looking to purchase their first home, particularly in the major cities. To help young Aussies get onto the property ladder, across the industry we’re seeing a number of additional incentives made available, beyond the Federal Government’s First Home Buyer Scheme. At Lendlease we’re offering first home buyers up to $10,000 off selected lots at a number of our communities, including Alkimos Beach, Alkimos Vista, Aurora, Atherstone, Elliott Springs and Harpley.

U: 58% of respondents decided that they would prefer a new home over an existing one. What do new homes offer that existing properties do not?

BC: New homes can offer greater flexibility in home design, and the chance to be part of a thriving community with lots of available amenity. We find that first home buyers looking to purchase outside of the major cities value the mix of access to urban living and nature that a new community can provide. This gives them the best of both worlds at a more affordable entry point to the property market.

U: What do you think are the key factors preventing young Australians from buying property?

BC: Our research into homeownership amongst young Australians found that the dream is still very much alive for many, however a key obstacle is saving for a home deposit. Yet despite this, our study found that many young Aussies are still optimistic about owning a property in the next three to five years.

U: Do you believe it is more likely that buyers are facing issues with raising capital or that buyers are wary of servicing a mortgage?

BC: Securing a big enough deposit, and raising the capital needed is an issue for many young would-be property purchasers. Our research found that to bolster savings for a deposit, many young Australians are saving hard by cutting back on smaller luxuries such as eating out, larger luxuries such as holidays, and almost one quarter have started a ‘side hustle’ to help get the funds together. 

U: The survey also found that many Gen Z respondents would choose a location which allowed them to live more sustainably. Since buyers are becoming more discerning about living an environmentally conscious lifestyle, do you think developers are responding to this demand?

BC: Yes, absolutely. At Lendlease, we are committed to leading the evolution of our industry to be truly sustainable environmentally, socially and economically. Providing a sustainable environment for our purchasers is fundamental to our vision to create the best places, places for people today and for generations to come. Lendlease is recognised as an international leader by the Global Real Estate Sustainability Benchmark with five Lendlease managed funds ranked number one in the respective global or regional categories, in 2017.

U: The First Home Loan Deposit Scheme only supports 10,000 loans each financial year. Do you believe that this is enough to cater to the volume of applications?

BC: The government’s First Home Loan Deposit Scheme is a positive scheme and we hope it will provide a number of first home buyers with the opportunity to get on the property ladder. It’s also been an effective initiative to get the topic of homeownership back on the agenda and inspire many developers to look at ways to make property more affordable and deliver extra value, for the First Home Buyer market.

U: What advice would you have for buyers who dream of securing property but don’t yet have the funds raised for a deposit?

BC: Our research data would have you believe the answer is to start a ‘side hustle’ or engage in other creative ways to save for a deposit! Whatever the saving mechanism is, it’s important to be realistic about what you can afford and research the available offers and incentives that may be able to help with costs. Many developers have compelling initiatives right now so buyers should make sure they understand the different options and assess these together with the value of buying from a trusted developer that delivers on promises and prioritises amenity.

U: What should first home buyers look for in a new home?

BC: First home buyers looking to purchase a new home should look for a location that offers the amenity they need. This may include cafes and other retail options, as well as schools, childcare services, good infrastructure and transport links. Those who want to live, and raise a family, amongst nature, should look at quality master-planned communities that offer plenty of open green space, including walking and biking trails, and parks, together with the important elements of an urban lifestyle, at a more affordable price.
</body></html>

Survey finds young property seekers favour new homes over existing properties

<html><body>
<h2>OPINION:</h2>

Real Estate isn’t an industry renowned for its propensity for embracing new technologies and innovation. In fact, the industry has evolved very little in Australia and internationally over the last half a decade.

Now, however, the rumblings of change are being felt in real estate offices around the world, and Australia is no exception. With investment in real estate technology in 2017 reaching $7.65 billion — 36 times higher than it was five years previously — we’re seeing a seismic shift in attitudes towards progression in the sector.

In any other field, companies are having to learn to swim in the sea of new tech available on the market, because without learning fast, drowning is inevitable for any organisation. This is finally becoming the case for real estate agencies.

Research from Unissu explains that since 2013 there has been a huge 428% growth in the number of PropTech companies in existence in Australia, illustrating just how vastly intense the progression of this national industry upswell has been. Although it may be easy to claim causation of such a spurt to be the direct result of successful research and an international drive towards tech-focussed business models, the rising implementation these initiatives could also be a result of Australia’s positive residential property market growth, which has witnessed a price inflation of around 47% since 2012.

There are, however, numerous reasons for the industry’s history of hiccups when it comes to the adoption of new technology. For one, agents can resist adapting to the evolution of change and innovation within the industry. Often the needs of the agency are poorly understood and assessed, so the technologies are inadequately matched. This consistently results in programmes that are single purpose, siloed and lacking in cohesion — ultimately challenging the value of the intended results.

There are a few misconceptions standing in the way of the implementation of new technologies in the sector. Agents and managerial staff often believe that much of it is too hard to learn and use, discounting the huge upside of the use of digital software and innovative tech before trying it. There is also a misconstruction of cost, which is hugely outweighed by ROI. Some agents — used to a more traditional approach to real estate — also struggle with moving on from hard copy documents and writing things down, claiming reliance on ‘tried and tested’ methods, which are ultimately outdated and destined to prove costly for the sector in the long run.

Although change has been slow, many factors have necessitated its catalysation. The ubiquity of smartphones in modern life has meant that ease of access and speed of interaction are paramount for keeping clients engaged. The expectation of ‘now’ means that people don’t want to wait to see the layout of their <a href="/new-apartments">off-the-plan home</a>, they don’t want to wait for the inspection date to have a tour inside an open home, and they don’t want to be told to wait to have a sneak peek at the carefully curated fixtures of their dream kitchen.

Technology has and will continue to revolutionise the way people buy homes; we need to invest, pressure test and apply innovative technologies consistently. Innovation is progression, and it’s the only way forward in the new world, we must adapt or get left behind.

Overall, most people are sceptical of change and innovation, like with anything new, it takes time. The old adage of ‘if it ain't broke, don’t fix it’ holds true with many agencies, but with the pace of technology catching up with us all, there’s just no avoiding the inevitable. There is, however, a lot of noise in the tech space, with ‘innovative tech solutions’ cropping up in every direction. It really pays to be smart with all this competition, be open-minded and do your research — to stand out from all this noise you’ve got to be the loudest and boldest voice in the room.

I have always found off-the-plan developments a tricky one, you’re quite literally buying airspace. However, with the recent shift in technology, you get a feel for the design elements of the internal spaces; the views, height, aspect and you really get a solid idea of what you are buying even before it’s built. Elements such as display suite technology, signage prototypes, <a href="/guides/introducing-bvn-real-off-the-plan-virtual-reality-house-viewings-are-here">virtual reality</a> and custom projections allow for buyers to actually be placed in relevant rooms and spaces, which ultimately seals the deal for them.
</body></html>

How is digital tech disrupting real estate?

<html><body>
<h2>OPINION: </h2>

Some say that patience is a virtue, but a lot must be said about “hustling while you wait” and more aptly, that “time is money”. Indeed, time remains one of the most significant parameters of business. It is arguably a more important factor in project delivery, construction, finance, and management, than even the quantum of profit, or administration, or procurement practices. And we have totally lost sight of this all-significant factor in the NSW Planning System today.

We heard through the official channels as late as last week that assessment times for Development Applications (DAs) have reduced by 50%, following the introduction of the new online lodgement system. This ostensibly appears to be a greater victory than that of Alexander the Great over Darius III in 331 BC.  But for those of us who are currently toiling away, shackled and enslaved with the labyrinthine NSW Planning System, we cannot see or feel in a single Development Application that this may be remotely true. But we have stopped complaining because what we thought was slow ten years ago, is now considered “lightning fast”. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-03-04_at_10.57.01_am.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-03-04_at_10.57.01_am.png?itok=NKFdi6x5" width="580"></a></figure>One still wonders if the current information on halving DA times is truth or aspiration when it is so unrepresentative of the overwhelming experience of the NSW property industry. The pervasive pattern thus far has been to introduce more rules and regulations that are designed to help us do better and go faster. Except we do worse and go slower. And though we have been conditioned to heed the touted fears of an “unregulated” world, having a DA for a complying project take 24 months and a rezoning stretch to 5 years, cannot be in anyone’s best interest – unless I am mistaken.

That has to be, by anyone’s standard, “snail’s pace”. Now when you consider that the average garden snail, crawls along at around 0.05 km/h, and assuming it travels for 16 hours per day, the snail could within 24 months, travel around 584 km. That is the equivalent of crawling from the Sydney Opera House, to Parliament House in Canberra, and back before the average building DA is approved.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-03-04_at_10.57.15_am.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-03-04_at_10.57.15_am.png?itok=JTqnqczU" width="580"></a></figure>While so wanting to go faster, is undoubtedly everyone’s aspiration, including state and local government, in scrutinising the lived-experience and reflecting upon the stark reality that in NSW Planning today, this is more a “piped dream” that a “deliverable”  in today’s commercial world. And this has always been a problem confined to the development industry – until you have to lodge a simple DA for your pergola or driveway, and begin to experience the expense and entanglement of your simple application travelling at “snail’s pace” through the NSW Planning System.

And nobody wins. The council or the state uses up a lot of time and resource to get to the same result, and the consumer suffers financially crippling delays that render applicants so anguished, they almost abandon their applications after years of trying and tens of thousands of dollars of real expense. 

So I can’t see how allowing one’s application to go online has already halved the approval times of DAs. It sounds difficult to believe if you understand the complexity of the preparation of a DA and its pathway to assessment. But after 21 years of being immersed in this ocean of complexity - I am ready to try anything: voodoo; a monastic experience; even e-planning.

Perhaps it is better to go back to basics. The sagacious Justice Sutherland once reminded applicants:

<blockquote>
“Salus Populi Suprema Lex Est” - that “the welfare of the people is the supreme law”. 
</blockquote>

And I say that the “welfare of the people” today needs to be better than what we have now: the “snail’s pace” that is the NSW Approval Process. Here’s to hoping.
</body></html>

News that DA assessment times have halved are grossly exaggerated

<html><body>
Purchasing <a href="/guides/how-to-invest-in-property-in-2020-the-ultimate-guide">an investment property</a> can be one of the best ways to invest your money and <a href="/guides/housing-market-effect-on-wealth">increase your wealth</a>. If you invest strategically, you could generate a return through passive income and tax breaks. However, a lack of research, knowledge and <a href="/guides/top-7-tips-on-how-to-value-a-house">understanding of the real estate market</a> could lead to poor financial gain. We’ve created a list of key factors to consider when securing the financial future of your investment property from choosing the right location to choosing an investment loan that is right for you. 

<h2>1. Do your research </h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-27_at_10.13.43_am.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-27_at_10.13.43_am.png?itok=IKLA-Bv_" width="580"></a></figure>Always do your research before making any real estate or financial decisions. 

When it comes to investing in property, there isn’t always a “safe option” financially, as it often requires a little financial risk to get the most return. Keep track of your investments by thoroughly <a href="/guides/understanding-the-property-cycle-when-buying">understanding the property cycle</a> and always remaining ahead of the market. You should also be <a href="/guides/how-to-negotiate-when-buying-a-house">open to negotiation</a> with real estate agents for better deals.  

<h2>2. Define your ideal tenant</h2>

It is essential to spend time getting to know any potential tenants, to determine whether they will be suitable for your rental property. Discuss how many people will be living in the house, whether they have stable employment or if they have lived in many rental properties previously. If they have a pet, ask whether they are house-trained.

While these questions may sound trivial, they could help you in selecting a great tenant who will look after your property.

<h2>3. Choose a popular location among renters </h2>

It is crucial to ensure the location of your investment property will <a href="/buildings/nbh-at-lachlan-s-line-25-27-epping-road-macquarie-park">attract tenants</a> and meets the requirements of their lifestyles.

For example, if your ideal tenant is a student, the property should be close to a university or library, whereas, if they are a young family, the property should be near a kindergarten (childcare), primary school and/or local playground. This will help to increase the popularity of your property among property seekers with specific requirements.

<h2>4. Find a property that is close to public transport </h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-27_at_10.13.26_am.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-27_at_10.13.26_am.png?itok=_ZcCm1T0" width="580"></a></figure>Houses near public transport are a desirable feature for those who prefer <a href="/news/city-of-melbourne-wants-to-see-less-cars-more-space-for-sustainable-transport-in-its-municipality">a more sustainable transport option</a> and do not drive. Finding a home on a popular tram, train or bus route will become a key selling point when you go to market your home for rent.

<h2>5. Seek advice from renters  </h2>

One way to determine the suitability of a rental apartment is to talk to tenants currently living within the building. Ask them how they feel about the environment, the value for money and the attentiveness of the body corporate, as this information could give you a better idea of the quality of the building and its maintenance. You could also seek advice from successful investors who are experienced and understand the property cycle. Based on Urban data, here is <a href="/guides/what-investors-are-looking-for-in-australian-properties-based-on-urban-data">what investors are looking for in Australian properties</a> and which <a href="/guides/insider-property-guide-booming-melbourne-suburbs-you-should-be-considering">Melbourne suburb you should be considering</a>.

<h2>6. Collate funds for your down payment </h2>

A downpayment is an initial payment in credit, cash or an equivalent form of payment, which goes towards the purchase of an expensive item such as a car or house.  When purchasing an investment property, you will be required to provide a down payment – which could cost more because mortgage insurance does not apply to investment properties. There are also additional expenses for approval requirements and renovations; you can read them <a href="/guides/top-10-hidden-costs-of-buying-a-house-or-apartment-in-2021">here</a>. 

<h2>7. Do your sums</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-27_at_10.03.29_am.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-27_at_10.03.29_am.png?itok=lv9aS0jc" width="580"></a></figure>Calculate the additional income you already have and match it with the amount you can borrow. Once you’ve found a property, you are interested in purchasing, create a contingency budget to allow for any renovation expenses (if renovations are required), the overall operational cost of running an investment property and a fallback for any unforeseen issues. We recently explored how much buyers actually need to spend on an apartment; you can read about it <a href="/guides/how-much-do-you-really-need-to-spend-on-an-apartment">here</a>. 

<h2>8. Avoid overspending on your first investment</h2>

Investment advisors suggest that even if you are willing to spend a million dollars on an investment property - it is wise to select a property <a href="/guides/buying-right-investment-wise">between the lower-midrange price bracket of $225,000</a>. Keeping the range as low as possible also keeps you in a safe-zone as an investor, as it keeps you from losing money if you do not meet your expected profits. Did you know there are also ways you can <a href="/guides/how-to-invest-in-property-with-no-money">invest in property with no money</a>? 

<h2>9. Consider investment loan options </h2>

When collecting funds towards your first investment property, there are several investment loans you should research before purchasing. Ideally, you may want to <a href="/guides/how-to-choose-the-right-home-loan">select a loan</a> that provides you with the option to split the credit with a line-of-credit-facility. 

<h2>10. Choose any investment partners carefully</h2>

If you wish to purchase your investment property with a friend or business partner instead of taking out an investment loan, you will need to choose your investment partner carefully. You should look to base this decision on their financial security, reliability, experience as an investor and the status of your relationship, as well as any financial implications of the partnership agreement. Before embarking on any financial venture with another person, it is very wise to get a contract drawn up to avoid any disputes in future (even if you don't anticipate any to arise).

<h2>11. Use the 1% rule</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-27_at_10.03.18_am.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-27_at_10.03.18_am.png?itok=U26qOnU7" width="580"></a></figure>The real estate investment term ‘1% rule’ refers to the method investors can use to determine whether a property is worth investing in. The rule suggests that an investment property should have a monthly return of no less than 1% of the price it was purchased at, including the additional costs of renovations.

<h2>12. Understand the expense of hiring a property manager</h2>

Some property investors choose to serve as landlords, managing day to day operations and engaging with their tenant, whilst others prefer to hire an external property management service. A property manager will be available throughout the day to help your tenants with any requests, and most real estate firms also have round the clock care for renters should any issues arise. Using a <a href="/guides/tips-for-negotiating-with-real-estate-agents">rental agent</a> is more of a time-saver than money saver as they do charge a fee. 

<h2>13. Investment properties require you to fork out funds regularly</h2>

An investment property is not a one-off purchase and requires <a href="/guides/18-ongoing-rental-property-costs-and-which-ones-are-tax-deductible">ongoing maintenance</a>. Landlords (investors) are expected to <a href="/guides/2019/06/24/own-rental-property-here-are-14-things-to-check-to-avoid-major-problems-in-future">financially cover issues that may occur in the house</a>. One way to financially manage this is to create a budget or add your current household budget so you know where, how much and when to allocate funds when they are required. 

Additional expenses include:

<ul>
<li>Property tax (required)</li>
	<li>Homeowners insurance (required)</li>
	<li>Property management expenses (optional)</li>
	<li>Home-owners corporation fees (case-by-case)</li>
	<li>General upkeep costs such as cleaning and landscaping (required)</li>
</ul>
<h2>14. Research the risks</h2>

Purchasing an investment property is no different from any other business deal in terms of the associated risks which can lead to loss of money. 

<ul>
<li>Some of the risks include: </li>
	<li>Your property might not meet the 1% rule </li>
	<li>You may spend more money on the renovations than anticipated</li>
	<li>The local market economy could change, for example, the value of the suburb may decrease due to an increase in crime</li>
	<li>The property taxes may be increased </li>
	<li>An accident or disaster may occur and you may have to pay for expensive repairs</li>
	<li>You could have bad tenants with poor hygiene or that break your rules, resulting in cleaning, repair or eviction cost</li>
</ul>
<h2>15. Invest in high-quality fixtures </h2>

<a href="/guides/20-things-you-should-look-out-for-before-you-buy-property">Before you buy property</a>, you should look out for high-quality fixtures within the home or determine where you should include them on the property. Investing in high-quality fixtures may help prevent any incidents or damage, and limit the amount and cost of repairs required in your investment. It will also add to the design of the house and encourage tenants to take pride in and look after the property. Urban has created an <a href="/guides/home-inspection-checklist-step-by-step">inspection checklist</a> that could help you determine what fixtures may need to be included, upgrades and what tenants will be looking out for in your investment property. 
</body></html>

How to ensure financial return on your property investment in 15 simple steps

<html><body>
<h2>OPINION: </h2>

Australia’s housing market is a topic which I regularly encounter, whether with our customers, readers or even just friends. Whether you are a homeowner, investor or potential buyer, the housing market will impact you in one form or another.

Since the start of 2020, the market has been <a href="/guides/overwhelming-sales-statistics-last-week-reveal-reinstated-confidence-in-the-off-the-plan-market">performing strongly</a>, where we saw last week’s clearance rate around 80% in both Melbourne and Sydney. The number of properties going under the hammer was also the strongest since 2019, with 1000 and 800 respectively. This statistic was also reflected by the significant increase in listings in our weekly magazine.

While the signs look positive locally, how will the Coronavirus impact Australia’s property market? The main thing to look at is the impact on Australia’s economy. The Coronavirus is set to be declared a pandemic, due to the ease at which it appears to be spreading worldwide. If it can’t be contained quickly, then the impact on economic growth would look dire.

The way I see it, the impact of the virus on Chinese interests in Australian property will be both good and bad. <a href="https://firb.gov.au/">Foreign Investment Review Board (FIRB) reported</a> that foreign investment plunged by 58% year-on-year from $30 billion to $13 billion in the 2017/18 fiscal year – the lowest level in nearly a decade. This will be compounded by the uncertainty around the virus, so in the short term, we will definitely see a drop in demand.

The <a href="https://dfat.gov.au/news/news/Pages/continuing-travel-ban-to-protect-australians-from-the-coronavirus.aspx">current travel ban</a> has limited many Chinese nationals to enter Australia, especially the international students with many either buying for the short term or buying when they continue living in Australia after graduation. Also, if China continues to restrict the flow of funds out of their country to protect their own economy, it limits the ability of Chinese investors to <a href="/guides/2019/06/17/urbans-first-home-buyer-guide">buy property in Australia</a>. 

On the other hand, in the long term, many more Chinese may want to migrate overseas, as the virus has made them feel vulnerable in China. If so, we will see a resurgence of strong demand from Chinese foreign buyers in the near future. But a lot is dependent on how the Chinese Government limits the flow of funds to overseas if the economy is doing poorly and also if any easing of Australia’s policy towards foreigner buyers. 

Unfortunately, no one has a crystal ball to be able to accurately predict the future. We can’t be sure how the Coronavirus health crisis will pan out globally. We also can’t be exactly sure how it will affect the Australian economy or our property market until we see an end to the crisis.

<div class="rtecenter">Read next: <a href="/news/first-home-buyers-snap-up-property-due-to-fear-of-missing-out">First home buyers snap up property due to ‘fear of missing out’</a>
</div>
</body></html>

How will the Coronavirus impact Australia’s property market?

<html><body>
You heard right, Australia's first private indoor waterpark has now opened for residents of Melbourne's Jubilee Estate in Wyndham Vale. Over the weekend, residents of the community joined the development team for the official opening of the state-of-the-art facility, named Club Jubilee One.

The multi-million dollar development is the first of its kind, breaking the status quo of traditional residential amenity. Club Jubilee One took 18 months to construct and features a three-lane 25-metre lap pool, a leisure pool, a 'learn-to-swim' area, toddler's splash zones, two impressive water slides and a junior play pool with water cannons, ground sprays and fountains. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/_dsc9489.jpg" rel="gallery-all" title="Image supplied. "><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/_dsc9489.jpg?itok=hPaMaZYH" title="Image supplied. " width="580"></a>

<figcaption>Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/_dsc8488.jpg" rel="gallery-all" title="Image supplied. "><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/_dsc8488.jpg?itok=4bVHOkK4" title="Image supplied. " width="580"></a>

<figcaption>Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/_dsc8844.jpg" rel="gallery-all" title="Image supplied. "><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/_dsc8844.jpg?itok=sUCrIuNa" title="Image supplied. " width="580"></a>

<figcaption>Image supplied.</figcaption></figure>Designed by Baldasso Cortese Architects, and realised by McCorkell Constructions, the team will now hand Club Jubilee One over to specialist waterpark operator, Bluefit, to manage the leisure facility. A Learn to Swim programme will be available for both adults and children to ensure the inclusive enjoyment of the facility by all residents. Club Jubilee will also include a fully-equipped gymnasium with a training room dedicated to group fitness classes and Yoga.

Entrance to any of the three planned leisure centres within Jubilee Estate will be available to all residents via the homeowner's association. The extensive leisure amenity offering came about due to the developer's commitment to fostering holistic lifestyles within the Jubilee community. 

<blockquote>
"Our commitment is to create a unique community for current and future residents at Jubilee, and the completion of Club Jubilee One is the first step in our journey towards building a community with true heart and soul, whereby our facilities act as a central hub for residents to meet and socialise."
</blockquote>

Daniel Smith, Lotus Living General Manager

<blockquote>
"At Lotus Living we are about the people, and with this at the forefront of everything we do, the Jubilee community has been designed for family fun and a healthy, happy lifestyle to ensure we can create a truly cohesive and self-sufficient neighbourhood for our residents." 
</blockquote>

<h2>What else does Jubilee Estate offer residents?</h2>

Lotus Living's 482-hectare legacy project will include a 5.4-hectare town centre, with 8,000 square metres of retail and commercial space, as well as a 1.2-hectare neighbourhood shopping centre, 33-hectare employment zone and 88-hectares of open parklands. The landscaped parkland within the precinct will include picnic and relaxation areas, walking and fitness trails, children's playgrounds and barbeque facilities. 

Homes on offer include a complete range, from apartments and townhouses, to sections, to house and land packages.

<h2>What's in the pipeline for 2020?</h2>

Later in the month, Jubilee will open its doors to the new early childhood centre, Nido Early School. Children between the ages of 6-months up to school age will be able to attend the school, which offers a creative curriculum and features architecturally designed learning spaces. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/insite_wyndham_vale_mb-64-1013x675.jpg" rel="gallery-all" title="Image supplied. "><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/insite_wyndham_vale_mb-64-1013x675.jpg?itok=lzkUqSIe" title="Image supplied. " width="580"></a>

<figcaption>Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/insite_wyndham_vale_mb-79-1013x675.jpg" rel="gallery-all" title="Image supplied. "><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/insite_wyndham_vale_mb-79-1013x675.jpg?itok=vrZ8xy-w" title="Image supplied. " width="580"></a>

<figcaption>Image supplied.</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/insite_wyndham_vale_mb-11-1013x675.jpg" rel="gallery-all" title="Image supplied. "><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/insite_wyndham_vale_mb-11-1013x675.jpg?itok=xJOAuqeH" title="Image supplied. " width="580"></a>

<figcaption>Image supplied.</figcaption></figure>Lead image: Club Jubilee One render. Credit: Lotus Living.
</body></html>

Australia's first residential waterpark: The house your kids will beg you to buy

<html><body>
In celebration of the 5th anniversary of the Woodlea community, the team behind the master-planned precinct have announced an extravagant birthday giveaway. Five lucky homeowners will receive their 5% land deposit back, which could be up to $20,000 each.

In addition to this prize, anyone who purchases property* within the Woodlea community during March will receive a $10,000 prepaid Visa card. 

<h2>What is Woodlea?</h2>

Woodlea is a master-planned community, located in the suburb of Aintree, 40 kilometres west of Melbourne city. Delivering the decade-long project is Victoria Investments and Properties (VIP), and ASX listed property developer <a href="/developers/mirvac">Mirvac</a>. With over 2,800 homes sold to date, the new development is now home to over 5,000 residents.

Property available within the precinct includes sections, house and land packages, <a href="/news/vip-mirvac-launch-sixth-woodlea-townhouse-development">architecturally-designed townhomes</a>, and Porter Davis detached dwellings. In November, Mirvac announced that many of their Woodlea townhouses will also include <a href="/news/save-the-planet-and-your-bank-balance-woodlea-introduces-smart-solar-packages-for-townhouse-buyers">smart solar packages</a>, enabling residents to save up to 80% on electricity bills – with scope to eliminate all electricity costs in future. 

<blockquote>
"Since its launch five years ago, Woodlea has gone from strength to strength, taking out the title as Australia's fastest-selling community and is making leaps and bounds in its efforts to become Australia's healthiest community."
</blockquote>

Lora Armstrong, Woodlea Sales and Marketing Manager

The precinct also sits on 711 hectares, with a large portion dedicated to green open space for both residents and the broader community to use. Woodlea has the capacity to host major sporting events with an Australian Rules football oval, cricket pitches; tennis and netball courts; and state-of-the-art facilities. The community also includes a selection of playgrounds and cafes. 

Upon completion, Woodlea will be home to over 20,000 residents. According to the 2019 HIA Population &amp; Residential Building Hotspots Report, Rockbank’s population experienced a 59.4% growth in 2017/18 and over $224 million in building approvals – which goes to show the extent <a href="/news/number-of-residents-in-the-woodlea-development-expected-to-double-by-2020">Woodlea’s exponential growth</a> is having on the wider community.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/woodlea_adventurepark.jpg" rel="gallery-all" title="Woodlea adventure park. Image supplied."><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/woodlea_adventurepark.jpg?itok=3LgEyhs4" title="Woodlea adventure park. Image supplied." width="580"></a>

<figcaption>Woodlea adventure park. Image supplied.</figcaption></figure><h2>Could March be a good time to buy at Woodlea?</h2>

Next month Woodlea are planning to release a brand new collection of 60 unique lots, with their $10,000 prepaid Visa card becoming available to new buyers within the community. Sections within the new release will start at $288,000, providing buyers with an affordable entry price point.

Woodlea Sales and Marketing Manager Lora Armstrong explains that the birthday rewards were a way of helping first home buyers enter the property market by giving them a head start financially. 

<blockquote>
"None of this would be possible without the support of our customers and our community, with over 5,000 residents currently calling Woodlea home. It seemed only fitting to give back to new home buyers who are trying to climb the property ladder."
</blockquote>

The five winners will be be announced at the start of April and will be drawn at random (game of chance).
</body></html>

Woodlea's birthday giveaway: Win your way into a new home

<html><body>
INPG Sales Director Andrew Steele had a chat to Urban CEO Mike Bird following his win of Urban's top-performing sales agent for the month January. Andrew shares his tops tips for property seekers and stresses the importance of thorough due diligence.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/4TeDPfyHs18" width="660"></iframe>

<div class="rtecenter">RELATED ARTICLES</div>

<div class="rtecenter"><a href="/guides">55 important questions to ask the sales agent when buying off-the-plan</a></div>

<div class="rtecenter"><a href="/guides/step-by-step-guide-to-placing-an-offer-on-a-house">Step-by-step guide to placing an offer on a house</a></div>

<div class="rtecenter"><a href="/guides">How does buying off-the-plan work?</a></div>

<div class="rtecenter"><a href="/guides">Tips for buying off-the-plan with confidence</a></div>

 

Full video transcription

Mike: Hi, I'm Mike Bird, the CEO of Apartments.com.au. Today I'm here with Andrew Steele from INPG. 

Andrew: Hi, how are you doing?

Mike: Good mate.

Andrew: That's good.

Mike: Today we have got a special new segment where thousands of buyers every month make inquiries on urban on projects across Australia and in every single of them we ask them: how their experience was with

the agent. 

Andrew: And Andrew has beaten out thousands of agents to be the number one performer in terms of your feedback for January. 

Mike: Congratulations mate 

Andrew: Thank you very much. That's great. Great news. 

Mike: And so what we're looking at, what we've been discussed with Andrew today is really what should buyers be looking out for and what are some of the pitfalls they can avoid? So you know, first of all, what should we be looking out for in the off-the-plan sector? 

Andrew: I think with buying off-the-plan there can sometimes be a bit of ambiguity,  so I think what's important for buyers is to get detail, you know, ask your agent lots of detailed questions have a really clear understanding of what you're looking for as well before you going out and having these appointments with agents and looking at different projects 

Mike: So you mean like looking at getting questions, preparing questions before you go to the appointment 

Andrew: Yeah I think that's important, I think you know buying off-the-plan, have a think about your current living situation what do you like about where you're living currently? What don't you like about where you're living currently? And you know, Where do you want to see yourself? What sort of home do you want and what's important to you? 

Mike: So, in certain terms of comparing, this can be quite hard, I think, for buyers looking at plans and really understanding that within the context.  What does that actually mean in terms of size? What are some ways that they can get around that? 

Andrew: Yeah, so like I said before details are important, so things like size like you said,  so get an understanding of, trying to read the floor plan, that can be a difficult part of buying off-the-plan and you can use the display suite potentially. Sometimes they might be built to scale so you can get an understanding of how that relates to the floor plans that you're looking at. 

Mike: Yeah.

Andrew: Also measure at your current home and sort of look at sizing there – how your furniture fits and how it would fit in the off-the-plan apartment or townhouse that you’re looking at. That's a good thing to look at too. Other details that are super important for buyers is get an  understanding of specifications – fixtures and fittings.

Mike: So what do you mean by fixtures? Is that the brands? 

Andrew: It’s branding. Developers spend a lot on displays [display suites] they're very beautiful, very impressive. You can walk in be wowed. You've just got to make sure that, what you're looking at and what you're buying is either the same as the display suite or find out what's different. Find out what in the display is a standard spec and what is an upgrade.

Mike: Is that like buying a brand new car where you kind of, sometimes you go to a test drive, there's a price on the wall, and then you do a test drive in the super-deluxe model and you find out there to get that one that's going to cost all this extra money?

Andrew: Yeah, certainly. Exactly right. So you go and you see the top-end model, and then you drill down and sort of talking about your price point it doesn't come with all the bells and whistles. So just make sure when you're looking off-the-plan that you're finding out what appliances are included. What's the brand? The size? The spec? What stone? Is timber flooring an upgrade? Is that a standard inclusion? All those things ask the ask your agent find out from the developer what you're actually getting if they can provide the more detail that they can provide the more comfortable you should be moving ahead.

Mike: How important is the developer and the builder and that whole piece, or is it more about the agent, what do you think?

Andrew: I think of all of it. I think the developer's very important. If they've got a proven track record in delivering projects that they've sold in the past and delivering what they were selling on time is important. I think what is also important is a developer's pipeline. What have they got in the future?

Mike: Why does that matter? 

Andrew: I think that matters because what they're currently selling,  so you as a buyer you come into the display suite, if they've got projects in the future, then you've got to make sure they deliver on the one that you're looking at.  

Andrew: So the success of the current approach will determine this test of their future projects as well. 

Mike: One of the things we've focused on when we're building Urban is thinking how can we help buyers to tell the difference between a really experienced developer and one that isn't as experienced. And one of the ways we've done that is through developer track record.

Andrew: Yeah.

Mike: So basically, what we're doing is allowing buyers to see all of the projects, just as you said.

Andrew: Yeah.

Mike: Of the that the developers previously delivered and all the ones that I've got coming up so definitely check that out if you're

thinking about it. 

Andrew: Yeah and I think it's important the team that they're working with too, there are new developers out there that are doing a fantastic job. Again the more detail you can get from your agent the more transparent they are, the more knowledgeable they are, the more comfortable you should be buying. 

Mike: I think we mention as well that sometimes buyers ask you about speaking to someone from the development team themselves. This sounds like a pretty reasonable idea. 

Andrew: Yeah, I think so, I think if the developer's transparent, you should have more confidence in that developer. If it's just the agent you're dealing with, and you can't seem to be getting through to the developer or maybe the builder, you've got to worry about after settlement. What sort of care are you going to get if there are any issues which you hope won't happen, but they do. 

Andrew: After service care is very important, so you want to make sure that you're still dealing with the agent after the development has been built, to make sure that things go smoothly. 

Mike: Well, thanks for sharing the tips.

Andrew: No worries! 

Mike: Congratulations mate, you've done bloody well. 

Andrew: Thank you very much. 

Mike: Good on you. 

Andrew: Appreciate it. 

Mike:  And we'll see you next time. 

Andrew: Thanks, guys! 
</body></html>

Urban's top-performing sales agent Andrew Steele shares valuable advice for property seekers

<html><body>
When you buy an item of clothing, there are often many considerations you take into account before reaching the cashier. How the garment fits, the style, quality, price, ethics of its production, if there are any sales/discounts available and even whether you need it. The same thought process is applicable when purchasing property. 

You'll want to think about:

<ul>
<li>Whether the home suits your lifestyle</li>
	<li>Whether you like what the property/apartment building offers</li>
	<li>If the quality of the building is up to your standards</li>
	<li>Whether the property value falls within your price point</li>
	<li>How far you'll need to travel to get to your new home</li>
	<li>If it's the right time for you to purchase a home</li>
	<li>What concessions and savings could you be eligible for?</li>
</ul>
With this in mind, we've outlined some key considerations you might like to mull over when deciding how much you really need to spend on your dream home, as well as some savvy ways you can save money. 

<h2>Purchase the right configuration</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-17_at_4.32.39_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-17_at_4.32.39_pm.png?itok=lzhYF26K" width="580"></a></figure>Buying an unbuilt, off-the-plan property can give you a great deal of flexibility to customise your home to meet your needs. Each square metre of a house can cost you thousands, so it's worth assessing how much space you want, versus how much space you need. If you rarely have guests to stay, you could instead purchase a decent futon sofa, rather than a whole extra bedroom. However, if you're regularly welcoming friends, family or <a href="/guides/breezybnb-chooses-urban-s-5-best-brisbane-apartments-for-airbnb">Airbnb</a> guests to stay, then a spare bedroom could be a worthwhile investment.

In recent years, the population of Australian cities is rapidly increasing, which is prompting a rise in both apartment construction, and apartment purchases. In our feature about the shift to <a href="/news/is-australia-ready-for-smaller-footprint-apartment-living">smaller footprint living</a>, we asked architect Nicholas Gurney, what this meant for Australian homes and their inhabitants. 

<blockquote>
"A reduction is positive. There is something very satisfying about inhabiting spaces without surplus or excess and this can only be experienced through positive change. The obvious benefits of more quality time and less financial burden are obvious advantages."
</blockquote>

Nicholas Gurney, Principal at <a href="https://www.nicholasgurney.com.au/">Nicholas Gurney Architects</a>

While many buyers feel that they need lots of space "just in case", or because it's what they are used to, you may find that smaller footprint living could lead to a more stress-free, low maintenance lifestyle. If you look for a smaller home, you could free up your budget for optional upgrades, or a house closer to the city.

<h2>Opt for a home with flexible spaces</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-17_at_4.34.13_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-17_at_4.34.13_pm.png?itok=9noLjavs" width="580"></a></figure>Many new apartments and townhouses feature an ergonomic design in response to our modern lifestyles. Workspaces are seamlessly integrated within living spaces to accommodate residents who work remotely, while we've also seen a shift in laundry facilities moving from in-house to communal areas. Flexibility within the home is excellent for both space-saving and cost-saving.  

<h2>Pay close attention to the number of on-site amenities</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-17_at_4.34.00_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-17_at_4.34.00_pm.png?itok=kmZYZ7eT" width="580"></a></figure>If you follow the rule, "the more amenities, the higher the strata levies" then you're less likely to receive a shock when your strata or body corporate fees start rolling in. Each amenity costs the property owner maintenance fees, so if you're trying to stick to a tight budget, avoid viewing facilities as 'perks' of apartment living. However, if you're going to get a lot of use out of the swimming pool and gymnasium, then purchasing an apartment with these inclusions will mean you can cancel any auxiliary fitness memberships. Effectively making your <a href="/guides/how-to-make-strata-fees-work-in-your-favour">strata/body corporate fees work in your favour</a>.

<h2>Weigh up the cost of commute versus the value of the property</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-17_at_4.33.47_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-17_at_4.33.47_pm.png?itok=KulRZWWt" width="580"></a></figure>Doing a weekly transport budget is a great way to assess how much extra money you could have to fork out each week to get to the places you visit most. These could include your workplace, the city or family and friend's houses. For example, you may find your dream home 20 kilometres out of town. While the upfront cost of a home closer to the city may have a higher asking price, it could work out equally cost-effective once you evaluate commuting costs. Alternatively, you may discover that you get more value for your money by purchasing <a href="/buildings/nbh-at-lachlan-s-line-25-27-epping-road-macquarie-park">a home further out of the city</a>, but at least you have weighed up all options and arrived at a decision that's right for you. There's nothing worse than worrying, "what if...?", so it's always a good idea to research all options, so you feel confident with your purchase. 

<h2>Look beyond aesthetics + invest in quality</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-17_at_4.33.34_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-17_at_4.33.34_pm.png?itok=yzp0zFXG" width="580"></a></figure>Interior aesthetics have the power to charm a buyer and encourage them to overlook any underlying issues within the development. It's your responsibility as the buyer to look beneath the surface and find out whether the property meets your standards. Superficial features can always be changed, refreshed and upgraded. However, the structural, built features of an apartment or townhome are far more challenging and costly to retrofit. 

Save yourself the stress by undergoing thorough <a href="/guides">due diligence</a>, <a href="/guides">asking the sales agent lots of questions</a> and acquiring as much paperwork as you can. A structurally sound, well-built house is probably worth investing more money in than one that looks nice on paper. If buying off plans, you can research the track record of the developer, builder and architect to ensure you're happy with their previous work.

<blockquote>
"The tendency to get too far ahead and caught up with the aesthetics of a property often distracts people from considering other essential points. Savvy buyers think beyond the home. What is the local council like and how do their services measure up? How has the suburb been trending in the past few years? How is the home positioned and what are the neighbours like? Are their good schools nearby? Is there adequate public transport? Are there infrastructure or building development plans near the property?" 
</blockquote>

Macquarie Bank, <a href="https://www.macquarie.com/au/personal/home-loans/expertise/first-home-buyer-mistakes/">First Home Buyer Mistakes</a>

In general, quality is not something you'll want to sacrifice. By paying more for higher quality fixtures and fittings, or a home with better insulation and glazing will mean you'll pay more upfront but could enjoy savings long-term. More energy-efficient homes are also continuing to provide homeowners with significant utility bill savings.

<h2>Utilise concessions/grants</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-02-17_at_4.33.11_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-02-17_at_4.33.11_pm.png?itok=j51ssILh" width="580"></a></figure>Buying off-the-plan can come with several financial benefits, the first being the ability to purchase with a low deposit of often just 5%. In addition to the low deposit, many first home buyers may be eligible for a new home government grant, which, depending on the state you're buying in, could be around $10,000. Stamp duty savings are also often available for purchases of brand new off-the-plan homes, so it can be very beneficial to research all options before purchasing a new home.

<div class="rtecenter">For more information, you may find our comprehensive state by state guides useful:</div>

<div class="rtecenter">The state-by-state guide to Australia's off-the-plan Stamp Duty concessions</div>

<div class="rtecenter"><a href="/guides/how-to-navigate-australias-first-home-buyer-grants">How to navigate Australia's First Home Buyer Grants</a></div>
</body></html>

How much do you really need to spend on an apartment?

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Olivia Round

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Olivia Round

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News