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In June last year, ICON Developments acquired the Balaclava site on the corner of Inkerman and Nelson Streets for $9.5 million, with a goal to transform the section into 27 two, three- and four-bedroom townhomes. The permit to excavate and build across the 2,500 square meter site has recently been granted, with demolition works already underway.

According to an analysis by Select Residential Property Research, Balaclava is one of Melbourne’s leading suburbs in terms of price growth, with an anticipated value increase of 20% in the next three years.

The MAArchitects-designed development has been named Inkerman &amp; Nelson (paying homage to the sites cross streets) and will comprise of a village of six detached buildings. Each home features flexible floorplans for interchangeable rooms including the option of a whole floor living area on the ground or second floor. In addition to spacious, open-plan interiors, the townhomes will also include large backyards and some also include a rooftop terrace.

ICON Senior Development Manager, Georgina Goldsworthy explains that the development aims to accommodate the changing needs of buyers by offering flexible townhome living options within Melbourne's inner suburbs.

<blockquote>
“Inkerman &amp; Nelson has been developed around an ethos of flexible living – we’re offering purchasers a variety of functional and flexible layouts with the opportunity to select custom joinery features to truly make the home theirs."
</blockquote>

The concept seamlessly integrates the luxuries of traditional detached dwellings, with modern, smaller footprint living – which is perfect for those not looking to give up their home for apartment living any time soon.

<blockquote>
“Inkerman &amp; Nelson also addresses a gap in the market for family-sized, small footprint living. They’re also comparable to the average two to three-bedroom terrace house.”
</blockquote>

Georgina Goldsworthy, ICON Senior Development Manager

Inkerman &amp; Nelson sales will commence in October this year, with completion slated for Q3 2021.

<h2>ICON’S PREVIOUS TOWNHOME DEVELOPMENTS</h2>

<h3>122 Roseneath St, Clifton Hill</h3>

Located in the heart of Clifton Hill, 122 Roseneath Street perfectly epitomizes idyllic communal living with a shared terrace barbeque area, herb gardens, workshop, communal laundry and more. The site’s historic Brutalist structure has been partially retained and incorporated into the design.

<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/fieldwork_roseneath_ctatjana-plitt_57a9202-1.jpg" rel="gallery-all" title="122 Roseneath Street exterior. Credit: Fieldwork"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fieldwork_roseneath_ctatjana-plitt_57a9202-1.jpg?itok=q1ax6em9" title="122 Roseneath Street exterior. Credit: Fieldwork" width="580"></a>

<figcaption>122 Roseneath Street exterior. Credit: Fieldwork</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/fieldwork_roseneath_ctatjana-plitt_57a9223-1.jpg" rel="gallery-all" title="122 Roseneath Street communal workspace. Credit: Fieldwork"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fieldwork_roseneath_ctatjana-plitt_57a9223-1.jpg?itok=ncdy_srg" title="122 Roseneath Street communal workspace. Credit: Fieldwork" width="580"></a>

<figcaption>122 Roseneath Street communal workspace. Credit: Fieldwork</figcaption></figure><h3>Cantala, Caulfield North</h3>

Cantala’s built form comprises of sweeping art deco curves, with warm timber and ample glazing boasting timeless design from every aspect. Meticulous, landscaped communal gardens and an elongated lap-pool provide residents with plenty of spaces to relax and enjoy nature.

<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/capi_b8a7f98e42ae6159dfe95018b2492a2e_7b783c5b52f6779dfeb8a66f5fa9f681.jpeg" rel="gallery-all" title="Cantala exterior. Credit: ICON Developments"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/capi_b8a7f98e42ae6159dfe95018b2492a2e_7b783c5b52f6779dfeb8a66f5fa9f681.jpeg?itok=HYF-4M-R" title="Cantala exterior. Credit: ICON Developments" width="580"></a>

<figcaption>Cantala exterior. Credit: ICON Developments</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/capi_b8a7f98e42ae6159dfe95018b2492a2e_421c99df0e50f1fab01ace7282595aa8.jpeg" rel="gallery-all" title="Cantala pool area. Credit: ICON Developments"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/capi_b8a7f98e42ae6159dfe95018b2492a2e_421c99df0e50f1fab01ace7282595aa8.jpeg?itok=4NCg-h8C" title="Cantala pool area. Credit: ICON Developments" width="580"></a>

<figcaption>Cantala pool area. Credit: ICON Developments</figcaption></figure><h3>Harpers Lane, St Kilda</h3>

ICON Developments and Neometro have already collaborated with MAArchitects on Harpers Lane – a series of timeless apartments with open plan layouts, high-stud ceilings, and natural light and airflow. Residents can enjoy a morning coffee at the on-site café, Harper’s Kitchen or relax in the sunshine on their private deck.

<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/harper-lane-018-edit-1585x1080.jpg" rel="gallery-all" title="Harper's Lane exterior. Credit: ICON Developments"><img alt="" class="image-article-full-width-580px" height="395" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/harper-lane-018-edit-1585x1080.jpg?itok=QLDPFCfv" title="Harper's Lane exterior. Credit: ICON Developments" width="580"></a>

<figcaption>Harper's Lane exterior. Credit: ICON Developments</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/harper-lane-_012-720x1080.jpg" rel="gallery-all" title="Harper's Lane cafe. Credit: ICON Developments"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/harper-lane-_012-720x1080.jpg?itok=WUKaeMkB" title="Harper's Lane cafe. Credit: ICON Developments" width="580"></a>

<figcaption>Harper's Lane cafe. Credit: ICON Developments</figcaption></figure>Lead image: Inkerman &amp; Nelson aerial view. Credit: ICON Developments.
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Olivia Round

Approval granted for Balaclava’s latest townhome development

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When you think about the principles of Passivhaus building certification, it seems like an obvious choice – high quality, healthy, efficient builds with optimum thermal insulation and airtight construction. Yet despite access to cutting edge building design techniques and modern technology, we are still experiencing the repercussions of faulty, poorly constructed homes.

Architecture Construction firm <a href="/architects/steele-associates">Steele Associates</a> are setting a new benchmark for sustainable, 21st century living with the launch of Australia’s first Passivhaus apartment building <a href="/new-apartments/the-fern-7-wyndham-street-alexandria">The Fern</a>.

<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/_o2a8855a.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="842" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/_o2a8855a.jpg?itok=e7S_Hcux" 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/1_13.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1_13.jpg?itok=MnoxVR-v" 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/dji_0018.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/dji_0018.jpg?itok=kqjzlirh" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure><a href="/new-apartments/the-fern-7-wyndham-street-alexandria">The Fern</a> has been a labour of love for award-winning architect and registered builder Oliver Steele, who has spent the past four years working with his Steele Associates team to research suitable materials and refine the design. A selection of carefully-engineered design features will see each of the 11 one-bedroom apartments gain significant wellness benefits and little-to-no utility bills.

Operating off of a 21kW monitored solar power system, conducted via rooftop photovoltaic panels – coupled with highly efficient triple glazing, thermal insulation and airtightness mean no electricity or hot water bills are anticipated. As Steele puts it, "you have a healthy cocoon for living in at goldilocks temperatures, all year round." 

Each apartment will also contain a Heat Recovery Ventilation (HRV) system which will effectively retain heat in winter months while eliminating hot air in summer. The HRV system will also purify the air with a high-quality filtration system, and provide natural air-flow year-round, as an alternative to air conditioning.

<blockquote>
 “Australian building codes didn’t recognise HRV as a ventilation solution because it works with constant low volumes of air instead of a 2-minute high-volume fan blast. So the Australian Passive House Association commissioned Computational Fluid Dynamics Modelling which found that HRV is a superior solution, now approved for the Fern. This alternative solution can be used in apartments across the country, sparking positive change for the way we build and live in the future.”
</blockquote>

Oliver Steele, Steele Associates Director

The interiors have been elegantly designed and feature hand-finished concrete walls; timber and marble finishes; and sun-filled living areas. The apartments also offer excellent indoor-outdoor living with expansive stacker-slider doors which open out onto spacious balconies and terrace gardens. 

<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/gib_0649_0.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/gib_0649_0.jpg?itok=Pq014Tzw" 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/_o2a8829a.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/_o2a8829a.jpg?itok=xbbu6m1m" 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/6-7_wyndham_st_alexandria_high_3_of_17.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/6-7_wyndham_st_alexandria_high_3_of_17.jpg?itok=5d1fnlU9" 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/6-7_wyndham_st_alexandria_high_9_of_17.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/6-7_wyndham_st_alexandria_high_9_of_17.jpg?itok=bFRPmzOT" 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/7-7_wyndham_st_alexandria_high_5_of_13.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/7-7_wyndham_st_alexandria_high_5_of_13.jpg?itok=fOyixrXm" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure>Lord Mayor Clover Moore will be launching The Fern on the 17th of September at a celebratory event marking the completion of Australia’s first Passivhaus apartment. The Fern which will also be awarded a 9.3-10 star NatHERS energy rating – the best ever apartment sustainability rating to be achieved in Australia.

<blockquote>
“Passivhaus takes sustainable development to the next level, using proven building physics to create healthy living spaces that stay cool in summer and warm in winter with ultra-low energy use.”
</blockquote>

Oliver Steele, Steele Associates Director

<h2>Key aspects of Passivhaus design:</h2>

<ul>
<li>Reduced drafts: Passivhaus strives to achieve significantly less ‘air leakage area’</li>
	<li>Insulation
	<ul style="list-style-type:circle;">
<li>Passivhaus standards are R1 underfloor, R3.5 walls, R6 ceiling</li>
		<li>Sydney code-compliant requires no underfloor, R1.5 walls, R3 ceiling</li>
	</ul>
</li>
	<li>Airtightness: Greater control of the inflow and outflow of air results in fewer air changes per hour. This will also reduce pest entry.</li>
	<li>Thermal Bridging: When the insulation layer is broken by a conductive material, this results in a thermal break, creating two relatively separate thermal environments (reducing the risk of Sick Building Syndrome)</li>
</ul>
<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_2019-09-05_at_10.47.20_am.png" rel="gallery-all" title="Source: Steele Associates"><img alt="" class="image-article-full-width-580px" height="413" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-05_at_10.47.20_am.png?itok=2z0UTApd" title="Source: Steele Associates" width="580"></a>

<figcaption>Thermal Bridging example. Source: Steele Associates</figcaption></figure><ul>
<li>Window ‘U Value’: The lower the U Value, the lower level of heat conducted by windows
	<ul style="list-style-type:circle;">
<li>Passivhaus regulation U1:4</li>
		<li>Sydney average U6.7</li>
	</ul>
</li>
	<li>Heat Recovery Ventilation (also known as HRV): HRV systems work by pumping fresh air into living areas while extracting air from kitchens and bathrooms. This ensures that the air circulation around the home is clean and fresh. It also keeps the heat in during the winter, and the heat out during the summer. HRV also maintains a filtration grade of F7
	<ul style="list-style-type:circle;">
<li>Passivhaus average 85% heat recovery</li>
		<li>Sydney average 0% heat recovery</li>
	</ul>
</li>
	<li>Acoustics: Given the general construction of Passivhaus design, the well-sealed buildings are generally a lot quieter than the average house</li>
</ul>
As a result of all these contributing factors, Passivhaus uses around 10% of the heating and cooling energy of the average house and creates a healthier, safer environment.

Lead image credit: The Fern render by Steele Associates
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No dust, no noise, no bills! Australia’s first Passivhaus apartments are almost here

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The Reserve Bank of Australia has just announced that the official cash rate will remain at a record low of 1% as they continue to assess the impact of the June and July cash rate cuts.

The rate was lowered for the first time in almost three years in a bid to alleviate financial strains by reinvigorating household spending and attempting to boost employment rates across the country. According to CommSec’s Tom Piotrowski, Australia's economy has been growing at the slowest pace in almost a decade, however, an increase in clearance rates, rising home values, and greater housing demand could allude to a brighter outlook for Q4. 

<h2>IT’S ARGUABLY “EASIER” TO BUY PROPERTY IN THE CURRENT MARKET</h2>

In July Apartments.com.au <a href="/news/a-borrower-s-market-the-reserve-bank-of-australia-cuts-cash-rate-to-a-record-low">reported on the announcement of the 1% cash rate</a>, concluding that the property market appears to be in favour of borrowers at present, given the more relaxed lending constraints and lower interest rates on home loans.

We reached out to Jeremy Toeng, Financial Director and Lending Advisor at Chatham House Financial, who shared a similar opinion regarding the current property climate following the two 25 basis point cuts and APRA's announcement of a lowered minimum interest rate serviceability buffer.

<blockquote>
“Following both the Royal Commission and Federal Election, we feel that consumer sentiment has improved which is leading to a noticeable increase in activity, particularly for those looking to purchase property. We feel this is largely due to an easing of lending criteria which has helped consumers with affordability, as well as a reduction in interest rates.”
</blockquote>

Jeremy Toeng, Chatham House Financial Director &amp; Lending Advisor

<h2>CONCERNS ABOUT MORTGAGE SERVICEABILITY</h2>

CoreLogic Research Director Tim Lawless explains that with the low mortgage serviceability there will be an underlying concern that the issue of high household debt will remain unresolved.

<blockquote>
"...The recent step up in the pace of value growth is likely to raise some concern that the lowest mortgage rates since the 1950s is fuelling renewed housing market exuberance at a time when household debt remains around record highs.”
</blockquote>

Tim Lawless, CoreLogic Research Director via <a href="https://www.news.com.au/finance/economy/interest-rates/official-cash-rate-remains-at-1-per-cent-following-reserve-banks-september-meeting/news-story/76606fdc5d68d31e127660261d0948d0">news.com.au</a>

Lawless suggested that a solution to this could be limiting the amount given to borrowers on high debt-to-income ratios, or stricter limits on the loan to value ratio (LVR) which compares your loan amount with the value of your property – meaning the lower the 'LVR', the lower the financial risk for the bank. 

<h2>COULD PROPERTY VALUE GROWTH INDICATE A GOOD TIME TO BUY?</h2>

<a href="/guides/how-australia-s-interest-rate-cuts-could-impact-first-home-buyers">Our research showed</a> that while term deposits would experience a drop in interest return from banks, property could potentially be a safe investment, given the fact that property values have shown an exponential increase in recent months.

<blockquote>
“In line with rate cuts in June and July, housing values in Australia’s two largest cities have recorded a lift, with dwelling values rising 1.9 per cent and 1.8 per cent in Sydney and Melbourne over the past three months.” 
</blockquote>

Tim Lawless, CoreLogic Research Director via <a href="https://www.news.com.au/finance/economy/interest-rates/official-cash-rate-remains-at-1-per-cent-following-reserve-banks-september-meeting/news-story/76606fdc5d68d31e127660261d0948d0">news.com.au</a>

Jeremy Toeng also weighed in on the current markets, concluding that spring is looking up for both developers and buyers,

<blockquote>
“On the property front, clearance rates are increasing and whilst overall stock levels are low, we think this will increase as we head into spring which is traditionally the busiest time of the year in the property market.”
</blockquote>

Jeremy Toeng, Chatham House Financial Director &amp; Lending Advisor

<a href="/guides/off-the-plan-property-buyer-confidence-surges-post-election">In May earlier this year</a>, CBRE’s Andrew Leoncelli also predicted that Q4 would be a good time for developers to take their projects to market, given an uplift in demand for property. It'll be interesting to see how Q3 and Q4 play out, and whether the property market maintains upwards momentum. 

Lead image credit: Daniel Chen
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Is now the best time to buy property? Australia's official cash rate to remain at 1%

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Just two months ago <a href="/news/cedar-woods-lloyd-collins-explains-the-success-of-wyndhams-williams-landing">Urban.com.au reported on the success of Williams Landing’s office building sales</a> – today, we’re taking a look at its booming residential property market.

The mixed-use precinct by <a href="/developers/cedar-woods">Cedar Woods</a> has shown exponential growth across a three-year period with the average property price tipping over $400,000, an increase of 15.4% over three years – which is a substantial return for those who have bought in the early stages of development.

Cedar Woods has approached the project with an emphasis on building quality, sustainable developments with a strong sense of community – which could be one of the key drawcards for buyer investment.

Williams Landing’s recently completed development <a href="/buildings/lancaster-apartments-30-clarke-street-williams-landing">Lancaster Apartments</a>, <a href="/news/williams-landings-third-apartment-building-lancaster-sells-out">sold out in just six months</a>, following two prior sold-out developments – <a href="/buildings/newton-apartments-1-clark-street-williams-landing">Newton</a> and <a href="/buildings/oxford-apartments-2-clark-street-williams-landing">Oxford</a> apartments. All residential developments have been designed by award-winning <a href="/architects/dko-architecture">DKO Architecture</a> and have been primarily popular among first-home-buyers (28%) and investors (58%) due to the affordability of apartments. 

<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/v01_ext_hero_0.jpg" rel="gallery-all" title="Lancaster Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="540" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/v01_ext_hero_0.jpg?itok=XLCu9HO8" title="Lancaster Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Lancaster Apartments exterior. Credit: Cedar Woods</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/newton_secondary-image-2.jpg" rel="gallery-all" title="Newton Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/newton_secondary-image-2.jpg?itok=7RoWwoms" title="Newton Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Newton Apartments exterior. Credit: Cedar Woods</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/oxford-secondary-image-5.jpg" rel="gallery-all" title="Oxford Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="388" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/oxford-secondary-image-5.jpg?itok=FSPtb00P" title="Oxford Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Oxford Apartments exterior. Credit: Cedar Woods</figcaption></figure><h2>CASE STUDY</h2>

Ela Caglayan, a 23-year-old buyer’s assistant at Target Australia, recently purchased an apartment at Lancaster as a first home buyer, following the establishment of the new Target Australia headquarters within the Williams Landing precinct.

<blockquote>
“I’ve always wanted to live in an apartment. Once Target relocated from Geelong to Williams Landing, I saw the opportunity to finally invest in my first property, which not only suited my lifestyle but was also affordable and allowed me to take advantage of the first homeowners grant.”
</blockquote>

Ela commented that the upward value trend was a major drawcard when making the decision to purchase an apartment,

<blockquote>
“…I also saw strong growth prospects for Williams Landing – the investment was too good to pass on. I’m looking forward to watching the suburb develop.”
</blockquote>

<h2>LOW RENTAL VACANCIES = A GOOD SIGN FOR INVESTORS</h2>

The demand for apartment living has even extended beyond Melbourne’s city and fringe suburbs, with Williams landing maintaining a significantly low rental vacancy rate among investment properties. According to Urbis, apartment rentals have seen a 5.4% increase in the past year.

<blockquote>
“Rental demand is, of course, one of the key indicators of the financial health of investment properties, so we are pleased to see that newly completed apartments are achieving low rental vacancies.”
</blockquote>

Lloyd Collins, Cedar Woods’ state manager

Urbis also reported that investors could achieve a rental yield of 5.2% in the City of Wyndham, which is significantly higher than the Greater Melbourne median which is currently sitting at 4.1%.

<h2>TO KEEP ON YOUR RADAR</h2>

Cedar Woods has previously commented that it has been their mission to deliver high-quality homes at affordable prices within the Williams Landing community, without compromising quality – which could be why each development has managed to sell out at record speed. In April this year, <a href="/news/cedar-woods-announces-new-apartments-for-williams-landing">we announced the precinct's fourth residential development</a>, Lincoln Apartments which are on sale now. 

<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/180829-lincoln_cgi01_exterior-hero_final-jpeg.jpg" rel="gallery-all" title="Lincoln Apartments exterior. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/180829-lincoln_cgi01_exterior-hero_final-jpeg.jpg?itok=1AX0or1Z" title="Lincoln Apartments exterior. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments exterior. Credit: Cedar Woods</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/1_12.jpg" rel="gallery-all" title="Lincoln Apartments terrace. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1_12.jpg?itok=XDJ2EZaK" title="Lincoln Apartments terrace. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments terrace. Credit: Cedar Woods</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/screen_shot_2019-09-03_at_4.08.41_pm.png" rel="gallery-all" title="Lincoln Apartments floor plan, one bedroom, one bathroom. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="589" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_4.08.41_pm.png?itok=ckVvtE-5" title="Lincoln Apartments floor plan, one bedroom, one bathroom. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments floor plan, one bedroom, one bathroom. Credit: Cedar Woods</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/screen_shot_2019-09-03_at_4.08.50_pm.png" rel="gallery-all" title="Lincoln Apartments floor plan, two bedroom, one bathroom. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="496" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_4.08.50_pm.png?itok=3mzz5tbI" title="Lincoln Apartments floor plan, two bedroom, one bathroom. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments floor plan, two bedroom, one bathroom. Credit: Cedar Woods</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/screen_shot_2019-09-03_at_4.08.55_pm.png" rel="gallery-all" title="Lincoln Apartments floor plan, two bedroom, two bathroom. Credit: Cedar Woods"><img alt="" class="image-article-full-width-580px" height="458" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_4.08.55_pm.png?itok=AcCRozTx" title="Lincoln Apartments floor plan, two bedroom, two bathroom. Credit: Cedar Woods" width="580"></a>

<figcaption>Lincoln Apartments floor plan, two bedroom, two bathroom. Credit: Cedar Woods</figcaption></figure><h2>WILLIAMS LANDING STATUS UPDATE</h2>

Residential

<ul>
<li>
<a href="/buildings/lancaster-apartments-30-clarke-street-williams-landing">Lancaster Apartments</a> (complete)</li>
	<li>Lincoln Apartments (in progress)</li>
	<li>
<a href="/buildings/newton-apartments-1-clark-street-williams-landing">Newton Apartments</a> (complete)</li>
	<li>
<a href="/buildings/oxford-apartments-2-clark-street-williams-landing">Oxford Apartments</a> (complete)</li>
</ul>
Commercial

<ul>
<li>1 Kendall Street (in progress)</li>
	<li>
<a href="/developments/williams-landing-vic-3027">101 Overton Road</a> (in progress)</li>
	<li>
<a href="/developments/williams-landing-vic-3027">107 Overton Road</a> (in progress)</li>
	<li>
<a href="/news/cedar-woods-first-strata-office-at-williams-landing-sells-out">111 Overton Road</a> (complete)</li>
	<li>
<a href="/developments/williams-landing-vic-3027">95 Overton Road</a> (in progress)</li>
	<li>Target Australia Headquarters (complete)</li>
	<li>Williams Landing Shopping Centre (in progress)</li>
	<li>Williams Landing Town Centre (in progress)</li>
</ul>
Lead image: Lancaster exterior, supplied by Cedar Woods
</body></html>

Solid growth in Melbourne’s west: Williams Landing property values continue to rise 

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Developers <a href="/developers/beulah">Beulah International</a> are constantly pushing the boundaries to deliver refreshing developments to the Australian market – however, their latest development has really caught out attention. <a href="/buildings/890-toorak-road-camberwell">Provenance Camberwell</a> is a boutique collection of ten house-sized residences, situated within the epicentre of Camberwell, in Melbourne’s east. The development is segmented into three residential offerings, with Botanic apartments on level one, Epicure apartments across the middle floor, and Domain apartments on the upper level.

<h2>SPOTLIGHT ON BOTANIC APARTMENTS</h2>

Being situated on the ground floor, means Botanic apartment residents have access to their own private gardens which have been thoughtfully designed by renowned landscape architecture firm Openwork. The focus of the gardens aims to pay homage to the suburb’s leafy streets, while also nurturing a thriving ecosystem, with Openwork’s carefully considered plant selection consisting of high-nectar producing plants to attract birdlife.

Openwork founder Mark Jacques commented that the gardens of Provenance have been designed “as a love letter to the native birds of Melbourne”.

<blockquote>
“The landscape architecture will create a rambunctious native garden and a moment of green dissonance in the urban environment has been specifically designed to express a textural and verdant type of native garden; with the particular ambition of attracting honey and nectar-eating bird life.”
</blockquote>

<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_2019-09-03_at_9.09.38_am.png" rel="gallery-all" title="Botanic apartment gardens. Credit: Beulah International"><img alt="" class="image-article-full-width-580px" height="448" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_9.09.38_am.png?itok=SqigcKgN" title="Botanic apartment gardens. Credit: Beulah International" width="580"></a>

<figcaption>Botanic apartment gardens. Credit: Beulah International</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/screen_shot_2019-09-03_at_9.08.59_am.png" rel="gallery-all" title="Botanic apartment's open-plan interiors. Credit: Beulah International"><img alt="" class="image-article-full-width-580px" height="275" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-03_at_9.08.59_am.png?itok=U3YC2j59" title="Botanic apartment's open-plan interiors. Credit: Beulah International" width="580"></a>

<figcaption>Botanic apartment's open-plan interiors. Credit: Beulah International</figcaption></figure>All four Botanic homes, designed by architecture firm <a href="/architects/fraser-partners-0">Elenberg Fraser</a>, feature timeless, open-plan living areas and a seamless connection to the outdoors, provided by large stacker-slider doors. Each meticulously landscaped garden will contain mature trees, vibrant guinea flowers, sprawling variegated spur flowers and bountiful ‘happy wanderers’, creating luscious sanctuaries, and a respite from urban city living.

<blockquote>
“The gardens will supercharge the character of the building by seeing both the ground plane and balconies as a single and immersive landscape, populated with plants that contribute to local biodiversity by radically increasing the biomass and diversity of the site.”
</blockquote>

Mark Jacques, Openwork Landscape Architects

Beulah International Director Adelene Teh explained that the goal for Provenance was to create spaces where there would be no trade-off on space, comfort or security.

<blockquote>
“Each of the four residences is enveloped in its own sanctuary. It blurs the lines between indoors and outdoors, with floor to ceiling windows, and a courtyard that is ripe with greenery. The space is perfect for those who love to entertain outdoors all year round.”
</blockquote>

Images supplied by Beulah International.

<div class="rtecenter">READ MORE:</div>

<div class="rtecenter"><a href="/news/beulah-international-executive-director-adelene-teh-discusses-the-grounds-of-kew-development">Beulah International Executive Director Adelene Teh discusses The Grounds of Kew development</a></div>

<div class="rtecenter"><a href="/news/beulah-international-submits-planning-application-for-southbank-by-beulah">Beulah International submits planning application for Southbank by Beulah</a></div>
</body></html>

A bird’s paradise: Beulah International collaborate with Openwork Landscape Architects to cultivate a series of ecological gardens

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When purchasing an off-the-plan apartment, one of the first, most important things you can do (beside researching the developer), is to ask to see a comprehensive building material list. Undertaking proper research as to what is being used to construct your future home, will help you make an informed choice about whether the property meets health and wellbeing standards, as well as your lifestyle requirements.

We’ve compiled a guide to help you choose the best flooring, based on factors such as health and safety (including toxicity levels); green/eco value and lifecycle; look and aesthetic; durability and financial value.

<h2>ENGINEERED TIMBER</h2>

What is engineered wood?

Engineered wood can be produced using a wide variety of materials, but the structure is often compared to the wood composition of plywood – slices of wood bonded together using glue. It’s a good idea to look out for a high-quality pure wood composition such as Oak, which has been bonded using low VOC adhesives, rather than a product which comprises of a combination of fibreglass/particle board with a veneer of high-quality wood.

<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_2019-09-02_at_3.26.29_pm.png" rel="gallery-all" title="Engineered wood. Credit: Flooring Supplies"><img alt="" class="image-article-full-width-580px" height="618" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-02_at_3.26.29_pm.png?itok=bWeNGDVc" title="Engineered wood. Credit: Flooring Supplies" width="580"></a>

<figcaption>Engineered wood. Credit: <a href="https://www.flooringsupplies.co.uk/realwoodflooring/engineeredwoodflooring/10253/natura_oak_ironbark_driftwood_engineered_wood_flooring">Flooring Supplies</a></figcaption></figure>Pros

<ul>
<li>Easy to install</li>
	<li>Improves resale value</li>
	<li>Ability to re-sand</li>
	<li>Underfloor-heating compatible</li>
	<li>Can be water-resistant</li>
	<li>Ability to source formaldehyde-free/low Volatile Organic Compound (VOC) products</li>
	<li>Looks organic and natural</li>
	<li>Sustainable production</li>
	<li>Relatively cost-effective</li>
	<li>Available in a range of colour stains, wood species and patterns</li>
</ul>
Cons

<ul>
<li>Some engineered timber is poorly made with composite materials</li>
	<li>Risk of off-gassing if purchasing a low-cost replica</li>
	<li>Will show scratches/dents from high heels, pet claws and moving furniture</li>
	<li>Will fade over time</li>
</ul>
<hr>
<h2>SOLID WOOD</h2>

Solid wood is naturally harvested timber floorboards, which are glued or nailed onto a flooring underlay. This is arguably the healthiest flooring option for the home.

<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_2019-09-02_at_3.32.09_pm.png" rel="gallery-all" title="Solid timber floorboards. Credit: Sutton Timber"><img alt="" class="image-article-full-width-580px" height="369" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-02_at_3.32.09_pm.png?itok=CE92ybf_" title="Solid timber floorboards. Credit: Sutton Timber" width="580"></a>

<figcaption>Solid timber floorboards. Credit: <a href="https://www.suttontimber.co.uk/products/flooring/solid/oak/">Sutton Timber</a></figcaption></figure>Pros

<ul>
<li>Most natural option</li>
	<li>Ability to opt for recycled wood which is highly sustainable</li>
	<li>Wood breathes providing the home with good ventilation</li>
	<li>Less rigid than concrete and tiles, so nicer to walk on</li>
	<li>One of the healthiest options</li>
	<li>Can be nailed down (meaning no Volatile Organic Compounds (VOCs) from adhesives)</li>
</ul>
Cons

<ul>
<li>Risk of Bora infiltration</li>
	<li>Expensive</li>
	<li>Can rot if not properly treated, and exposed to moisture</li>
	<li>Loud</li>
</ul>
<hr>
<h2>CARPET</h2>

Available in a wide range of products including wool, mixed fibre, sisal, shag pile, Berber and more.

<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/yann-maignan-rriazfkjpmo-unsplash.jpg" rel="gallery-all" title="Carpet flooring. Credit: Yann Maignan"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/yann-maignan-rriazfkjpmo-unsplash.jpg?itok=U11pdI6h" title="Carpet flooring. Credit: Yann Maignan" width="580"></a>

<figcaption>Carpet flooring. Credit: Yann Maignan</figcaption></figure>Pros

<ul>
<li>100% wool carpet provides warmth </li>
	<li>The most comfortable flooring to walk on</li>
	<li>Acts as a sound barrier</li>
	<li>Relatively cost-effective</li>
	<li>Large range of styles, fabrics and colours to choose from</li>
</ul>
Cons

<ul>
<li>Can retain stains and odours </li>
	<li>A breeding ground for dust mites</li>
	<li>Can require steam cleaning/professional cleaning</li>
	<li>Patterns and styles can date quickly</li>
	<li>Susceptible to allergens</li>
	<li>Can be known to off-gas toxins</li>
	<li>Will need to be replaced quicker than any other type of floor covering</li>
	<li>Carpet wear and tear is often more obvious than wood</li>
</ul>
<hr>
<h2>TILES</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/jason-briscoe-aql-j19ocwe-unsplash.jpg" rel="gallery-all" title="Tile flooring. Credit: Jason Briscoe"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/jason-briscoe-aql-j19ocwe-unsplash.jpg?itok=ljVvKw5q" title="Tile flooring. Credit: Jason Briscoe" width="580"></a>

<figcaption>Tile flooring. Credit: Jason Briscoe</figcaption></figure>Pros 

<ul>
<li>Ability to choose from a wider range of styles and colours</li>
	<li>They don't possess chemically active properties (meaning less likely to grow bacteria or spread viruses etc.)</li>
	<li>Durable</li>
	<li>High/low-temperature resistant</li>
	<li>Made from natural materials</li>
	<li>Water and stain-resistant</li>
	<li>Easy maintenance</li>
</ul>
Cons

<ul>
<li>More susceptible to mould in wet areas</li>
	<li>Tiles adapt to the weather, meaning they can become very cold in winter months</li>
	<li>If a tile cracks it can be difficult to replace</li>
	<li>Tiles can be slippery to walk on</li>
</ul>
Tip: Use cement-based grouting to avoid the emission of harmful Volatile Organic Compounds (VOCs)

<hr>
<h2>CONCRETE</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/room-fzrn8fhqpp8-unsplash.jpg" rel="gallery-all" title="Concrete flooring. Credit: Unsplash"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/room-fzrn8fhqpp8-unsplash.jpg?itok=GdliIfS3" title="Concrete flooring. Credit: Unsplash" width="580"></a>

<figcaption>Concrete flooring. Credit: Unsplash</figcaption></figure>Pros

<ul>
<li>No harmful Volatile Organic Compounds (VOCs)</li>
	<li>Cost-effective</li>
	<li>Easy maintenance</li>
	<li>Concrete will last the longest</li>
	<li>Many design and texture options</li>
</ul>
Cons

<ul>
<li>Arguably tough on ankle joints</li>
	<li>Concrete doesn't retain heat very well</li>
	<li>They can be loud</li>
	<li>Not very environmentally friendly to produce</li>
</ul>
<hr>
<h2>PLYWOOD/CORK/MDF/PARTICLEBOARD</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_2019-09-02_at_4.59.54_pm.png" rel="gallery-all" title="Particleboard flooring. Credit: Revolution Wood Panels"><img alt="" class="image-article-full-width-580px" height="696" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-09-02_at_4.59.54_pm.png?itok=j3SeKvzE" title="Particleboard flooring. Credit: Revolution Wood Panels" width="580"></a>

<figcaption>Particleboard flooring. Credit: <a href="https://revolutionwoodpanels.com.au/products/particleboard-particleboard-flooring">Revolution Wood Panels</a></figcaption></figure>Pros

<ul>
<li>Very cost-effective</li>
	<li>Flexible and easy to change</li>
</ul>
Cons

<ul>
<li>Often bonded with glues containing high Volatile Organic Compounds (VOCs) and formaldehyde</li>
	<li>Can splinter easily</li>
	<li>Needs revarnishing often</li>
	<li>Aesthetically not as appealing as hardwood floorboards</li>
	<li>Prone to water damage</li>
</ul>
<hr>
<h2>UNDERSTANDING THE LINGO</h2>

What kinds of adhesives and finishing products are found in flooring?

<ul>
<li>Urea-formaldehyde resins (UF)</li>
	<li>Phenol formaldehyde resins (PF)</li>
	<li>Melamine-formaldehyde resins (MF)</li>
	<li>Soy-based glues</li>
	<li>Polyurethane (PU)</li>
</ul>
Soy-based glues and water-based polyurethanes have been noted as some of the better adhesives/varnishes. Formaldehyde should always be avoided.

What to look out for:

<ul>
<li>Forest Stewardship Council certification (FSC)</li>
	<li>The Green Building Council Australia approved
	<ul>
<li>Total VOC &lt; 0.5 mg/m2/hr</li>
		<li>4-Phenylcyclohexene &lt; 0.05 mg/m2/hr</li>
	</ul>
</li>
	<li>A decent warranty (20+ years is ideal)</li>
	<li>Ultra-low/Zero VOC emissions that meet <a href="https://www.cetec.com.au/services/voc-product-rating-schemes">E1 international standards</a>
</li>
	<li>Have the wood factory-finished rather than on-site</li>
	<li>Green Seal-11 certification</li>
</ul>
<hr>
<h2>WHAT TO AVOID</h2>

Vinyl

Vinyl is a non-renewable material derived from petroleum-based chemicals including PVC – which releases highly toxic chemical during manufacturing. Vinyl is notorious for off-gassing due to a concoction of harmful chemicals, such as phthalates, which can emit gas for years after installation. Some older vinyl is even worse, as many have an asbestos backing which makes removal of the vinyl extremely unsafe.

Laminate

Similar to vinyl flooring, Laminate is known to contain formaldehyde – a naturally occurring yet toxic chemical found in many adhesives. Formaldehyde has been found to cause a number of health complications over an extended period of toxic emission exposure. Both vinyl and laminate floorings are also non-biodegradable and melamine-formaldehyde resin cannot break down at the end of the product lifecycle.
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How to choose the right flooring for your off-the-plan apartment

Elenberg Fraser's Vicki Karavasil discusses Market Lane's biophilic design approach

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In response to the market’s need for stricter building product regulation – a collaboration between the Insurance Council Australia, Edge Environment and Comply Flow has brought about a brand-new product and building material rating system known as <a href="https://bpirating.com.au/">Building Product Information Rating</a> (BPI Rating).

Anyone who has been following the news lately would be aware of the building crisis in Australia at present. From structural faults to dangerous cladding, to blurred supply chain transparency – some property experts are even referring to the situation as comparable to the scourge of asbestos. A study undertaken by Deakin and Griffith universities found that 70% of buildings in Australia’s eastern cities built after 2003 were found to have had at least one building defect.

While human error and natural causes can be attributed to the issues that occur within buildings, poorly selected building materials can also contribute to the problem. BPI Ratings aim to provide greater transparency to the market and to give industry professionals and buyers the opportunity to make more informed choices.

By undergoing extensive research as to what the building industry requires and would use, the team behind BPI Rating were able to deliver a product which is already a useful and practical resource.

<blockquote>
“At Edge, we have spent years speaking to clients and attending events where that situation was highlighted as something holding back the industry. So we decided that, rather than wait for someone else to do so, we’d solve it by developing the BPI Rating platform. BPI Rating stands for Building Product Information Rating and is a platform designed to create a home for all that data. 

Our hope is that it will help the industry save time and effort when searching for products with the right credentials, while also providing a clear route for leading suppliers to showcase their wares.”
</blockquote>

Jonas Bengtsson, Chief Executive of Edge Environment

The platform currently features 500 products from over 200 companies, with categories including:

<ul>
<li>Appliances</li>
	<li>Ceiling finishes</li>
	<li>External doors</li>
	<li>External walls</li>
	<li>Floor finishes</li>
	<li>Framing</li>
	<li>Internal walls</li>
	<li>Landscaping</li>
	<li>Mechanical services</li>
	<li>Roofing</li>
	<li>Stairs</li>
	<li>Substructure</li>
	<li>Utilities</li>
	<li>Wall Finishes</li>
	<li>Windows</li>
</ul>
While each product goes through a rigorous research process – the platform aims to remain unbiased by displaying a range of products with varying levels of certification (bare minimum, above average, comprehensive and complete) so that users can compare products. Users will also be able to identify who the manufacturer is, where the product was made, how resilient the material is to different weather conditions, warranty information, environmental impact and more. 

The tool also provides guidance for project teams looking to attain sustainable accreditation for their developments, by displaying a selection of environmentally conscious, certified products.

<figure><img alt="" class="image-article_full_width_580px" height="264" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-28_at_4.21.46_pm.png?itok=cYzZ56U4" width="580"></figure><blockquote>
“With BPI Rating you can specifically find products with information on embodied carbon, recycled content, red-listed hazardous substances, and contributing to leading rating tools such as Green Star, WELL and the Living Building Challenge.”
</blockquote>

Jonas Bengtsson, Chief Executive of Edge Environment

Lead image: One Central Park | Credit: Victor Zubakin via <a href="https://www.propertyobserver.com.au/https://www.flickr.com/photos/nikabuz/22462876614">Flickr</a>
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Fast track your development’s sustainability credentials by opting for certified building materials 

<a href="/developments/sydney-nsw">Sydney’s</a> latest development, aptly entitled <a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065">The Landmark</a>, has recently embarked on the construction of the towering 43-storey building. The momentous day&nbsp;was celebrated with a symbolic soil turning, with special guests including Lane Cover Council Mayor Pam Palmer and General Manager Craig Wrightson in attendance. With architecture led by A+ Design Group, the structure has been inspired by the fluidity of Sydney’s harbour,&nbsp;depicted in the building’s organic, undulating&nbsp;façade. The Landmark&nbsp;is also set to&nbsp;become the tallest mixed-use residential building on Sydney’s lower North Shore, standing at an impressive 138 metres.

<blockquote>
“This new piece of iconic architecture will redefine the skyline of St Leonards and give a new identity to the area. We are excited to open a new chapter and to see this life-changing project taking shape. Our architectural vision is becoming a reality.”
</blockquote>

Tony Leung, CEO of A+ Design Group

<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_2019-08-27_at_4.17.30_pm.png" rel="gallery-all" title="The soil turning ceremony at The Landmark site at St Leonards."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.17.30_pm.png?itok=HjBMhSd6" title="The soil turning ceremony at The Landmark site at St Leonards." width="580" /></a>

<figcaption>The soil turning ceremony at The Landmark site at St Leonards.</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/screen_shot_2019-08-27_at_4.17.53_pm.png" rel="gallery-all" title="Aerial view of the site."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="384" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.17.53_pm.png?itok=9cabvmYh" title="Aerial view of the site." width="580" /></a>

<figcaption>Aerial view of the site.</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/screen_shot_2019-08-27_at_4.11.00_pm.png" rel="gallery-all" title="The Landmark exterior render. "><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="321" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.11.00_pm.png?itok=fisMbJbL" title="The Landmark exterior render. " width="580" /></a>

<figcaption>The Landmark exterior render.</figcaption>
</figure>

A+ Design Group have worked with the Lane Cove Council since the initial master planning stages, to ensure the design is carefully considered, and well thought out.

<blockquote>
“We are pleased to be working in collaboration with Hutchinson Builders and Warren &amp; Mahoney’s project teams… A+ Design Group are honoured to be appointed as Design Guardian, to ensure design intent and quality standards of the project are met throughout construction.”
</blockquote>

Tony Leung, CEO of A+ Design Group

The Landmark's residents will enjoy spectacular views of Sydney's&nbsp;harbour, including iconic landmarks such as the Sydney Harbour Bridge and the Sydney Opera House. Once built, residents will have access to 5-star resort-style amenities including a luxurious swimming pool, well-equipped music room, sky terrace, a business centre, children’s play centre, an on-site library, private dining room, virtual golf course and state-of-the-art cinema.

<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_2019-08-27_at_4.08.23_pm.png" rel="gallery-all" title="On-site music room."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="356" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.08.23_pm.png?itok=46JjWL3Z" title="On-site music room." width="580" /></a>

<figcaption>On-site music room.</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/screen_shot_2019-08-27_at_4.08.13_pm.png" rel="gallery-all" title="Movie theatre available for resident use."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="357" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.08.13_pm.png?itok=LlE4zJ-t" title="Movie theatre available for resident use." width="580" /></a>

<figcaption>Movie theatre available for resident use.</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/screen_shot_2019-08-27_at_4.14.37_pm.png" rel="gallery-all" title="The Landmark's indoor pool."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="320" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.37_pm.png?itok=5cdtAYud" title="The Landmark's indoor pool." width="580" /></a>

<figcaption>The Landmark's indoor pool.</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/screen_shot_2019-08-27_at_4.14.55_pm.png" rel="gallery-all" title="The Landmark's Sky Lounge."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="287" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.55_pm.png?itok=XYQklkKJ" title="The Landmark's Sky Lounge." width="580" /></a>

<figcaption>The Landmark's Sky Lounge.</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/screen_shot_2019-08-27_at_4.14.47_pm.png" rel="gallery-all" title="Virtual golf course."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="315" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.47_pm.png?itok=T6gRnJ7w" title="Virtual golf course." width="580" /></a>

<figcaption>Virtual golf course.</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/screen_shot_2019-08-27_at_4.14.23_pm_0.png" rel="gallery-all" title="Children's play area."><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="359" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-08-27_at_4.14.23_pm_0.png?itok=zfHiF9he" title="Children's play area." width="580" /></a>

<figcaption>Children's play area.</figcaption>
</figure>

The development is slated for completion by 2022.

St Leonards' new 43-storey tower 'The Landmark' commences construction

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There’s a reason why property investment for many Australians is considered a full-time job. There are a number of responsibilities which fall on the property owner to take care of, as well as costs they must absorb. From preventative maintenance to value-enhancing improvements, this kind of work comes with a significant price tag, but thanks to the Australian Taxation Office, a number of these outgoing costs are tax-deductible.

<blockquote>
“Most small landlords can deduct up to $25,000 in rental property losses each year.”
</blockquote>

- Nolo, <a href="https://www.nolo.com/legal-encyclopedia/top-ten-tax-deductions-landlords-29497">Top Ten Tax Deductions for Landlords</a>

Here are the 18 ongoing costs associated with owning a rental property, and what you can claim the tax back on according to the Australian Tax Office <a href="https://www.ato.gov.au/uploadedFiles/Content/IND/downloads/Rental-properties-2019.pdf">expense deduction list for 2019</a>*.

*Please note this list is subject to change, so checking the ATO website or consulting with an accountant is always advised.

1. Property agent's fees and commissions (tax-deductible)

To have your property managed by a real estate company can cost you a substantial amount, and there’s no “fixed rate” management fee. Commissions vary by state and often range from 5% to around 20%, and other costs can include letting fees, marketing fees, lease renewal fees, inspection fees and more. To give a rough estimate, a property which leases for $400 per week at a 7% commission would be around $30 commission. 

2. Building and Contents insurance + Public liability (tax-deductible)

According to Canstar Research, insurance premiums would range from $297 - $689 for a townhouse to $1,101 - $4,330 for a detached dwelling, based on an annual premium rate with a $500 excess. House insurance claims cover fire, theft and flood, while landlord liability claims can include, loss of rental income, malicious or accidental damage, water damage and the passing of a tenant.

3. Council rates (tax-deductible)

Council Rates are calculated by taking your property’s current valuation and multiplying it by the rate in the dollar.

Here is an example by <a href="http://knowyourcouncil.vic.gov.au/guide-to-councils/finance-and-planning/rates-and-charges">Victoria Council</a>:

If the Capital Improved Value of a property is $250,000 and the council rate in the dollar is set at 0.0042 cents, the rate bill would be $1050 ($250,000 x 0.0042)

4. Bank fees (some may be tax-deductible)

For a principal + interest home loan, only the interest can be tax-deductible, not the principle. Want to find out more about choosing the right home loan? <a href="/guides/2019/06/17/urbans-first-home-buyer-guide">This article</a> should help. 

5. Pest control (tax-deductible)

No matter how small the pest, the cost to eliminate the problem can set you back $130 for a one-off visit, to around $700+, depending on the service. If left unattended the pest infestation can quickly spiral out of control and become more difficult to treat.

6. General repairs and maintenance (tax-deductible)

General maintenance including repainting a ceiling, fixing a fence or steam cleaning the carpets is essential to ensure your house remains maintained to a decent standard and to ensure the safety, happiness and wellbeing of your tenants. In some cases, asbestos removal may be considered a 'deductible repair' despite the extensive nature of the work required. This is because it may be classed as an 'environmental protection activity' – so definitely one worth looking into to ensure your property is safe for your tenants. 

Tip from ATO: It's also a good idea to find out whether the company or service you use has a registered ABN. If not, you will be required to withhold 47% to be paid as tax. 

Interested to learn more about what to look out for when you visit your rental property next? <a href="/guides/2019/06/24/own-rental-property-here-are-14-things-to-check-to-avoid-major-problems-in-future">Here are 14 things to check to avoid major problems in future.</a>

7. Cleaning (tax-deductible)

The average cost of house cleaning in Australia can cost between $60 - $90 per hour for a 'deep clean' which is generally required in between tenancies. According to the ATO, this cost is usually tax-deductible. 

8. Interest on loans (tax-deductible)

If you have taken out a home loan to buy your rental property and it is being rented, then you may be eligible to claim the interest charged on the loan. The criteria are strict as the ATO want to ensure homeowners are not living in their property or using it for personal reasons such as refinancing etc. 

9. Renovation (generally not tax-deductible)

Renovations in the rental world are considered by the ATO to be 'of a capital nature' – meaning structural enhancements such as extending and altering the home; updating the kitchen/bathroom; pre-existing remedial work that was required before you acquired the property etc. are not tax-deductible, but are often essential. For example, if there is a room in the house which does not receive sufficient light, then it might pay off to have a window installed (at a cost to you) to avoid mould/dampness issues and poor ventilation in future. 

<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/rhema-kallianpur-jbj-_hw2yag-unsplash.jpg" rel="gallery-all" title="Credit: Rhema Kallianpur"><img alt="" class="image-article-full-width-580px" height="923" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/rhema-kallianpur-jbj-_hw2yag-unsplash.jpg?itok=MeJs_iYJ" title="Credit: Rhema Kallianpur" width="580"></a>

<figcaption>Credit: Rhema Kallianpur</figcaption></figure>10. Painting (tax-deductible)

Service maintenance work when required can sometimes be a tax-deductible expense.

11. Electrician fees (tax-deductible)

Average hourly rates by state (excluding the call-out fee) according to <a href="http://ServiceSeeking.com.au">ServiceSeeking.com.au</a>:

<table border="1" cellpadding="1" cellspacing="1" style="width:500px;"><tbody>
<tr>
<td>WA                  </td>
			<td>$92.01 per hour</td>
		</tr>
<tr>
<td>NSW</td>
			<td>$80.86 per hour</td>
		</tr>
<tr>
<td>VIC</td>
			<td>$79.31 per hour</td>
		</tr>
<tr>
<td>QLD</td>
			<td>$77.83 per hour</td>
		</tr>
<tr>
<td>ACT</td>
			<td>$77.73 per hour</td>
		</tr>
<tr>
<td>SA</td>
			<td>$76.26 per hour</td>
		</tr>
</tbody></table>
12. Plumber fees (tax-deductible)

The average rate for typical plumbing services according to <a href="https://www.serviceseeking.com.au/blog/cost-of-plumbing/">ServiceSeeking.com.au</a>:

<table border="1" cellpadding="1" cellspacing="1" style="width:500px;"><tbody>
<tr>
<td>Install a bathroom vanity</td>
			<td>$160</td>
		</tr>
<tr>
<td>Replace a broken tap</td>
			<td>$120</td>
		</tr>
<tr>
<td>Fix a leaking pipe</td>
			<td>$180</td>
		</tr>
<tr>
<td>Replace a broken toilet</td>
			<td>$150</td>
		</tr>
<tr>
<td>Unclog a drain</td>
			<td>$150</td>
		</tr>
<tr>
<td>Unclog a toilet</td>
			<td>$120</td>
		</tr>
</tbody></table>
13. Grounds maintenance including gardening and lawn mowing (tax-deductible)

According to <a href="https://www.airtasker.com/gardening/garden-maintenance/price/how-much-does-garden-maintenance-cost/">Air Tasker</a>, a gardener can cost between $50 - $300 per hour, while a lawn mower can cost $40-$50 an hour. 

14. Replacing furniture, carpets, curtains (generally not tax-deductible)

Prior to 2017, replacing items which tend to depreciate over time such as air-conditioning units, carpets, appliances, furniture was tax-deductible. Today, any items which were already part of an existing property that was purchased after May 9th 2017, will have to be covered by the landlord and is no longer tax-deductible.

15. Travel to visit your investment property (generally not tax-deductible)

Every time you visit your property – whether it’s for maintenance, inspections or viewings, it’s costing you money in transport (unless you live within walking distance). These costs used to be tax-deductible up until July 2017, however now this is a bill absorbed by the property owner.

16. Dealing with issues such as mould, leaks, draughts (sometimes tax-deductible)

<a href="https://www.homeadvisor.com/cost/environmental-safety/remove-mold-and-toxic-materials/">Home Advisor</a> states that mould removal can cost anywhere between $50 to $6,000 depending on the square footage of the mould, and other contributing factors. Similarly, a leaky roof – if not repaired immediately, <a href="https://www.familyhandyman.com/roof/should-i-replace-my-roof-here-are-21-things-to-consider/">can lead to major structural damage</a>, which could end up costing thousands to fix. These issues are all important factors that need to be addressed as soon as the problem occurs to avoid major damage in future. It's always beneficial to respond to your tenant's concerns as soon as they arise.

17. Advertising for tenants (tax-deductible)

Advertising involves a number of different components which all incur cost:

<ul>
<li>Photography</li>
	<li>Copywriting</li>
	<li>Social media marketing spend</li>
	<li>Physical signage</li>
	<li>Newspaper/magazine inclusion</li>
</ul>
However, having your property marketed professionally can sometimes help your rental property gain tenants quicker. 

18. Legal fees (sometimes tax-deductible)

Legal fees are treated on a case-by-case basis as they all vary to some degree, therefore making it challenging to form a clear cut checklist. However, if you do incur legal fees from owning a rental property, it would be worth checking with the ATO to see if your expense is eligible for deduction.

For more information and to find out which expenses you are able to claim, visit <a href="https://www.ato.gov.au/uploadedFiles/Content/IND/downloads/Rental-properties-2019.pdf">ato.gov.au</a>

Lead image: Luke van Zyl 
</body></html>

18 ongoing rental property costs (and which ones are tax-deductible)

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]

Joel Robinson

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>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

Olivia Round

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