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Did you know that you could save up to $45,000* on a brand new <a href="/buildings/salt-townhomes-85-grossmans-road-torquay">Salt Townhome</a> if you're a first home buyer? 

The first release of <a href="/buildings/salt-townhomes-85-grossmans-road-torquay">Salt Townhomes</a> in Victoria's coastal suburb of Torquay sold out due to a surge in demand from locals and first home buyers. The second release of beachside terraces are now available, with homes due to receive another wave of demand. <a href="/buildings/salt-townhomes-85-grossmans-road-torquay">Salt Townhomes</a> are eligible for both the $25,000 Home Builder Grant, plus the $20,000 First Home Owner Grant, providing a fantastic opportunity for first home buyers to enter the property market.

<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/image001.jpg" rel="gallery-all" title="Jan Juc brothers Lewie and Tom Wright are very pleased to have secured a Salt Townhome in Stage 1 before being sold out."><img alt="" class="image-article-full-width-580px" height="776" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/image001.jpg?itok=SLtltkJ2" title="Jan Juc brothers Lewie and Tom Wright are very pleased to have secured a Salt Townhome in Stage 1 before being sold out." width="580"></a>

<figcaption>Jan Juc brothers Lewie and Tom Wright are very pleased to have secured a Salt Townhome in Stage 1 before being sold out.</figcaption></figure>Each home boasts light-filled modern living spaces, with first-floor living areas extending to large north-facing balconies. The collection of townhomes have also achieved a 7.5-star environmental rating, thanks to the use of natural building materials, double glazing and solar panels. 

<blockquote>
"This product has hit the spot with discerning townhome buyers who have also given their stamp of approval to the estate's environmental credentials." 
</blockquote>

Sam Parsons, Salt Townhomes Sales Consultant

<blockquote>
"Much of the interest has been from people looking to work from home utilising the high-speed internet and doing it all from a great outlook over Torquay, some with potential water views. With the process to have Torquay's town boundaries locked up well and truly underway, this creates an excellent opportunity to be part of a well-planned sustainable community that may not happen again."
</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/siteb_th1-th3_cam001.jpg" rel="gallery-all" title="Stage 2 of SALT Townhomes has hit the market after the sell-out success of Stage 1."><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/siteb_th1-th3_cam001.jpg?itok=HsWCKzug" title="Stage 2 of SALT Townhomes has hit the market after the sell-out success of Stage 1." width="580"></a>

<figcaption>Stage 2 of SALT Townhomes has hit the market after the sell-out success of Stage 1.</figcaption></figure><a href="/buildings/salt-townhomes-85-grossmans-road-torquay">To learn more about Salt Townhomes, visit the Urban listing.</a>
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urban.com.au

Salt Townhomes Torquay prove to be popular among locals and first home buyers with off-the-plan sales success

The first two towers in Melbourne Square, Melbourne&rsquo;s largest city precinct project, have topped out. Developed by OSK Property, <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">the .8 billion Southbank project on Kavanagh Street</a> will comprise commercial, hotel and residential towers when its five stages are completed in 2027. The topping out of the COX Architecture-designed towers, which stand at 236.7 metres and 184.3 metres respectively, comes three years after Multiplex began construction on the towers.

The topping out comes as the finishing touches are being placed on the precinct&rsquo;s latest completed apartments, with interiors by Carr Design.

[smartcode_project:default project_id=2929]

OSK Property have also unveiled the city&rsquo;s first wellness-enabled lifestyle apartments, with technology to make indoor environments healthier. The technology, which will come as standard for the new apartments, will be offered to those apartments which were completed before the technology became available

The Delos integrated wellness ecosystem controls the quality of air, water and light in apartments to improve the health of the resident. The air quality&nbsp;sensors and high end HEPA air filtration systems detect and remove impurities like pollen, dust and smoke, water purifiers that reduce levels of chlorine, heavy metals and particulates, and smart lighting that mimics daylight patterns in order improve daytime performance and sleep cycles. The wellness technology will benefit allergy sufferers and asthmatics in particular and is part of an intention to deliver a precinct that responds to people&rsquo;s needs.

<a class="colorbox colorbox-insert-image" href="/buildings/melbourne-square-93-119-kavanagh-street-southbank" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbourne_towers_tech.jpg?itok=9TiPGb-9" width="580" /></a>

Melbourne Square Sales and Marketing Director Scott Jessop said the apartments would be the first in Victoria to incorporate the world-first wellness technology.

&ldquo;Since the launch in 2017, it is incredibly satisfying to see Melbourne Square occupy its place on the Melbourne skyline,&rdquo; said Mr Jessop.&nbsp;

&ldquo;Precincts like Melbourne Square can play a role in the health of our communities, providing connection opportunities and important amenity. Buildings are also a critical tool in health and wellbeing, as Delos&rsquo; 10 years of scientific research has found.

&ldquo;To be able to offer apartments fitted with science-backed technology that improves the internal environment is a game-changer that fits with our vision to create an integrated wellness precinct here.&rdquo;&nbsp;

Melbourne Square will also offer its residents a number of swimming pools, gym, golf simulator and yoga space, as well as social connections through the precinct&#39;s large public park, dining rooms and resident lounges.

There will be commercial and retail outlets as part of the development, including Victoria&#39;s first ever double-storey Woolworths.

CBRE Residential Director Andrew Leoncelli said COVID-19 had many people rethinking their living arrangements, which boded well for Melbourne Square as it unveiled its last remaining apartments ready to move into.

He said after spending so much time at home, buyers were seeking spaces that reflected their own individuality so a new partnership between MSQ and Coco Republic to offer tailored interior styling along with wellness-boosting biophilia by The Plant Society would appeal.&nbsp;

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_lounge.jpg" width="2000" /></a>

&ldquo;There are still buyers out there and lockdown has created pent up demand as people look to take advantage of the market conditions and low interest rates to move,&rdquo; Mr Leoncelli said.&nbsp;

&ldquo;Never has there been a better time to buy in Melbourne and we are finding people are doing exactly that, particularly since the government opened up inspections again. Many people are putting larger homes on the market and looking at apartments.&rdquo;

Melbourne Square has topped out its first two towers as they release the ground-breaking wellness technology that will feature in the apartments

Melbourne Square tops out first two towers, release wellness-enabled apartments

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Given the lower entry-level price points, buyers can secure a two-bedroom residence in Canberra at even cheaper prices than one-bedroom apartments in Sydney or Melbourne.

If you're a first home buyer or a smart investor, here are four residences you can secure a one-bedroom apartment for less than $430,000 in Australia's capital.

1. <a href="/buildings/nightfall-2-grazier-lane-belconnen">Nightfall, Belconnen</a>

One-bedroom apartments from $363,900 
Address: Cameron Avenue, Belconnen ACT 2617

<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/nightfall_render1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="400" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/nightfall_render1.jpg?itok=hv7QbvQz" width="580"></a> <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/nightfall_render2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="336" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/nightfall_render2.jpg?itok=1aIbUp_D" width="580"></a>

Nightfall is no exception to Canberra’s affordable entry prices for apartments, offering one-bedroom, one-bathroom apartments from $363,900. The luxury apartments offer views of the Lake Ginninderra waterfront and is a change of scenery from Canberra’s busy CBD.

Designed by Fender Katsalidis, Nightfall offers a private barbeque area, a fully-euipped commercial kitchen and an outdoor terrace for entertaining. The project is the third and final stage of Geocon’s Republic precinct in the Belconnen district.

The project offers two-bedroom, two-bathroom homes from $501,900.

2. <a href="/buildings/the-establishment-90-swain-street-gungahlin">The Establishment, Gungahlin</a>

One-bedroom apartments from $313,900 
Address: Corner Gundaroo Drive and Gozzard Street, Gungahlin ACT 2912

<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/geo1420_section224gungahlin_s060_int_living.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/geo1420_section224gungahlin_s060_int_living.jpg?itok=QV-Qyezf" width="580"></a>

Inspired by Chicago’s industrial warehouse scene, The Establishment offers one, two, three-bedroom and loft apartments “designed for luxury and forged in style,” the marketing reads. Homes begin at just $313,000 for a one-bedroom, one-bathroom apartment in the complex.

The residence offers private amenities, including a rooftop infinity-edge lap pool with outdoor spa and an exclusive outdoor strength and agility gym. It is located just five minutes from Yerrabi Pond and numerous parklands and walking tracks.

The project offers two-bedroom, one-bathroom apartments from $452,900. 

3. <a href="/buildings/metropol-81-cooyong-street-reid">Metropol, Reid</a>

One-bedroom apartments from $420,900 
Address: 26 Cooyong Street, Reid ACT 2612

<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/metropol_s080_int_typical2bedkitchen_apt619_schemeb_final200011.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/metropol_s080_int_typical2bedkitchen_apt619_schemeb_final200011.jpg?itok=yFMc4HsU" width="580"></a>

Located in Reid, Metropol features a selection of one, two and three-bedroom apartments and offers one-bedroom, one-bathroom apartments from $420,900. Just one minute walk from the CBD, Reid connects you to the epicentre of Canberra.

Metropol’s numerous private resident amenities offer great value for money, with an infinity edge pool, views across Glebe Park, high-tech entertainment facilities and a private penthouse that can be reserved by residents.

Two-bedroom, two-bathroom residences begin at $569,900 at Metropol. 

4. <a href="/buildings/midnight-1-elouera-street-braddon">Midnight, Braddon</a>

One-bedroom apartments from $429,900 
Address: 92 Northbourne Avenue, Braddon ACT 2612

<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/geoconmidnight_s010_ext_hero-final2000.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/geoconmidnight_s010_ext_hero-final2000.jpg?itok=vkGmP0Gn" width="580"></a> <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/geoconmidnight_s150_int_penthouseliving_final2000.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/geoconmidnight_s150_int_penthouseliving_final2000.jpg?itok=PGqeFI2l" width="580"></a>

Whilst a bit more expensive than the other homes on this list, Midnight is located in the heart of the vibrant suburb of Braddon and within walking distance of the Canberra CBD.

Midnight offers spacious and well-designed apartments with hotel-quality amenities and exclusive facilities.

This rare opportunity comes to first home buyers at an entry price of just $429,000. Offering amenities such as a 25-metre lap pool, waterfall features and shared facilities with the 199-room Midnight Hotel.

Two-bedroom, two-bathroom apartments within the project start from $624,900. 
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Here are four residences you can secure for less than $430,000 in Australia's capital city.

December 2020: New apartments you can buy in Canberra for under $430,000

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Entering the Sydney market as a first home buyer can seem like a daunting task and finding affordable housing in NSW's capital often proves difficult, especially when you don't know where to look.

If you're a first home buyer or your budget is on the tighter side, here are six residences you can get for $600,000 in Sydney and its surrounds.

1. <a href="/buildings/vicinity-point-30-32-guess-avenue-wolli-creek">Vicinity Point, Wolli Creek</a>

One-bedroom apartments from $465,000 
Address: 30-32 Guess Avenue, Wolli Creek NSW 2205

<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/2016563265_1_1_201019_044310-w1600-h1200.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/2016563265_1_1_201019_044310-w1600-h1200.jpeg?itok=FrbuhJiz" width="580"></a> <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/vicinity-point-30-32-guess-avenue-wolli-creek-08ae804af7915941dbf2e9b21f3f7993.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/vicinity-point-30-32-guess-avenue-wolli-creek-08ae804af7915941dbf2e9b21f3f7993.jpg?itok=obzOFLh6" width="580"></a>

In Sydney, scoring an apartment for less than $500,000 is a steal – and just 15 minutes from Central Station sits Wolli Creek’s luxury development, Vicinity Point, at a price range that will suit the budget of first home buyers.

Located near the Cooks River, Vicinity is offering a one-bedroom, one-bathroom residence with a car space at $585,000 or without the car space at $465,000.

The modern apartments are “strikingly contemporary”, the marketing reads, offering stylish kitchens, neutral colour palettes and oversized terraces. Developed by Level 33, Vicinity Point is located nearby riverfront parkland, cycleways and Kogarah Golf Club.

2. <a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe?last_source_news_article_id=39412&amp;ref=news_related_project">Bloom Arncliffe, Arncliffe</a>

One-bedroom apartments from $595,000 
Address: 213 Princes Highway, Arncliffe NSW 2205

<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/imagegen.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="368" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/imagegen.jpeg?itok=SLUzfm9I" width="580"></a>

Bloom Arncliffe features timeless design by EJE Architecture, offering a selection of one, two and three-bedroom ready-to-go apartments from $595,000. Located closeby Sydney’s southern beaches, the project is perfect for a first-time owner or smart investor.

The one-bedroom apartments offer sweeping views of the Sydney CBD and Botany Bay, floor-to-ceiling sliding doors and a private balcony, and features onsite amenity including a ground-floor marketplace with restaurants.

3. Central at the Langston, Epping

One-bedroom apartments from $590,000 
Address: 12-22 Langston Place, Epping

<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/cbus6315.9-roi_renders-domain-1440x1080-4_1200x550.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="266" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/cbus6315.9-roi_renders-domain-1440x1080-4_1200x550.jpg?itok=NJIxUyoc" width="580"></a>

The Langston community at Epping is set to become a vertical village, with exercise, shopping and co-working facilities, built on Epping’s highest vantage point. Central is the project’s second stage, offering a new 24-storey tower with the majority of apartments priced for first home buyers.

A one-bedroom, one-bathroom apartment at Central is priced from $590,000, offering amenities such as podium-level gardens, a wellness hub, pool deck and sky lounge. These apartments are also eligible for the NSW Government’s $10,000 first home owner grant, as well as other first home buyer schemes.

4. <a href="/buildings/kew-schofields-stage-1-rose-garden-23-27-schofields-road-schofields">Rose Garden, Kew Schofields</a>

Two-bedroom apartments from $495,000 
Address: 23-27 Schofields Road, Schofields NSW 2762

<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/kew-schofields-23-27-schofields-road-schofields-a22ac95f9735b71a52863378df6a8e35_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kew-schofields-23-27-schofields-road-schofields-a22ac95f9735b71a52863378df6a8e35_0.jpg?itok=xBisHZk5" width="580"></a>

Located in Sydney’s fast-growing north-western corridor, The Rose is positioned moments from Rouse Hill and the future Schofields town centre. Two-bedroom apartments in the project are priced from $495,000, and feature contemporary finishes, barbeque facilities and outdoor communal spaces.

Whilst Schofields may not be the most attractive suburb for the first home buyer, the suburb offers an affordable entry point for a two-bedroom apartment and has seen its population grow by over 30 per cent in the past five years. The median value for both houses and units have steadily risen and will most likely continue to, as the metro links the nearby Tallawong station to Sydney’s CBD.

5. Aura, Canterbury

One-bedroom apartments from $588,000 
Address: 396-398 Canterbury Road, Canterbury NSW 2193

AURA offers first home buyers the opportunity to live in the Inner West with entry prices under $600,000. A one-bedroom plus study configuration begins at $588,000 and includes contemporary design, entertainer’s balconies and large courtyards.

Designed by Glyde Architects, AURA includes expansive open district and city skyline views as well as designer stone kitchens and wood texture cabinetry throughout. A security storage cage is available for all residents, making the home a smart decision for owner-occupiers and downsizers.
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Here are five residences you can get for $600,000 in NSW's capital and surrounds.

December 2020: New apartments you can buy in Sydney for under $600,000 

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Buying your first apartment can seem like a daunting task and entering the property market is <a href="/guides/how-to-buy-a-house-in-2021-a-guide-for-first-time-home-buyers">expensive and confusing</a>. Finding affordable housing in Melbourne is even harder, especially when you don't know where to look.

If you're a first home buyer or your budget is on the tighter side, here are five residences you can get for $500,000 in Victoria's capital. 

1. <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108, Southbank</a>

One-bedroom apartments from $469,000 
Address: 70 Southbank Boulevard, Southbank VIC 3006

<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/amenities_01_1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/amenities_01_1.jpg?itok=iLizfUPz" width="580"></a>

For less than $500,000, you could find yourself living in the landmark Melbourne building, Australia 108. Located on the prime location of 70 Southbank Boulevard, Southbank, the development is just a short walk from the promenade, the Yarra River and the bars and restaurants that line it.

Home buyers can enjoy a one-bedroom, one-bathroom apartment for $469,000, giving them access to residents-only facilities on the 70th floor, the building’s golden protrusion named the Star Club. Amenities

 

2. <a href="/buildings/collins-bates-19-25-collins-street-chadstone">Collins &amp; Bates, Chadstone</a>

One-bedroom apartments from $420,000 
Address: 72-76 Batesford Road, Chadstone VIC 3148

Located close to the Southern Hemisphere’s largest retail and lifestyle hub, Collins &amp; Bates brings you city convenience alongside crafted courtyards for natural surrounds. Designed by Point Architects and C&amp;C Interiors, Collin &amp; Bates offers residence private outdoor balconies, oak timber flooring and timeless interiors.

Estimated for completion this month, the project offers one-bedroom, one-bathroom residences, with a private car space from $420,000.

 

3. <a href="/buildings/folia-59-stables-circuit-doncaster">Folia, Doncaster</a>

One-bedroom apartments from $400,000 
Address: 59 Stables Circuit, Doncaster VIC 3108

<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/folia-59-stables-circuit-doncaster-f5461f57f0abf5e886a22b59c0d72e62.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/folia-59-stables-circuit-doncaster-f5461f57f0abf5e886a22b59c0d72e62.jpg?itok=ieWte2uc" width="580"></a> 

For just $400,000, Folia offers home buyers the change to live in the newest chapter at Apartments of Tullamore. Nearby amenities include health and lifestyle clubs, resort-style tennis courts, indoor and outdoor heated pools and manicured landscaping.

Designed by Mirvac’s design team, Folia will offer a collection of one, two and three-bedroom apartments, featuring greenery-fringed balconies, a rooftop conservatory and a kitchen garden.

 

4. <a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands">Melbourne Quarter, Docklands</a>

One-bedroom apartments from $458,000 
Address: 628 Flinders Street, Docklands VIC 3008

<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/melbourne-quarter-628-flinders-street-docklands-9c8fc67545c7c1d2be2aa1f41646b01c.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="682" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbourne-quarter-628-flinders-street-docklands-9c8fc67545c7c1d2be2aa1f41646b01c.jpg?itok=sKusi0Ym" width="580"></a>

Bordered by the renowned Collins and Flinders Streets, Melbourne Quarter offers residents the convenience of living in Melbourne’s vibrant CBD at affordable prices for first home buyers or investors. The project includes a hotel-style lobby, concierge and three floors of resort-style amenities.  

Home buyers can enjoy a one-bedroom, one-bathroom apartment for $458,000. Amenities include a 25-metre indoor swimming pool, spa, multi-purpose gym, function rooms and a 20-seat theatrette.

 

5. <a href="/buildings/palladium-tower-southbank-251-city-road-southbank">Palladium Tower, Southbank</a>

One-bedroom apartments from $476,000 
Address: 251 City Road, Southbank VIC 3006

<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/palladium-tower-251-city-road-southbank-9b29456eb9d9b8680f6a316f435753fa.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="304" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/palladium-tower-251-city-road-southbank-9b29456eb9d9b8680f6a316f435753fa.jpg?itok=U3mrnKt3" width="580"></a>

Located in Victoria’s Southbank Precinct and set over 51 storeys, Palladium Tower offers incredible amenities and communal facilities at an affordable entry-point. Designed by Squillace, the vertical village includes 400sqm of indoor and outdoor space, a residents’ lounge, a bar and private dining room, a pool and a gym.

Priced at $476,000 for a one-bedroom, one-bathroom apartment, first home buyers will be offered contemporary design, views of the city and ocean, and the choice between two colour palettes to style their home.
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Here are five residences you can get for $500,000 in Victoria's capital

December 2020: New apartments you can buy in Melbourne for under $500,000

Today’s Australian Bureau of Statistics lending indicators for October 2020 shows loan commitments for the construction of new dwellings rose by 11.5 per cent. 
The October result once again broke the monthly record achieved in September for the highest amount of new loan commitments recorded since 2002, when data of this kind was first collected.

First home buyers continue to lead these numbers with owner occupier first home buyer loan commitments increasing by 3.4 per cent in October to reach 13,481. This is more than 30 per cent higher than in any pre-COVID month since 2009.

However, Westpac's Matthew Hassan said housing finance approvals came in a little softer than expected, the total value of new loans rising just 0.7% vs expectations of a 2% gain.

"The underlying tone from the detail was still strong with the main downside surprise relating to a bigger than expected COVID-related decline in Victoria that will reverse in coming months and approvals across the rest of Australia posting another robust rise to historical highs," he said

An example of a townhome eligible for HomeBuilder is&nbsp;<a href="/buildings/ramley-residence-reservoir-2-6-ramleh-road-reservoir-vic-3073">Ramley Residence</a>.

Located at 2-6 Ramleh Road,&nbsp;<a href="/new-townhouses/reservoir-vic-3073">Reservoir VIC 3073</a>,&nbsp;the development has townhomes starting from $689,000.

"Today’s outcome is yet another endorsement of the effectiveness of HomeBuilder in protecting the jobs of the one million Australians in our construction sector and driving our comeback from the COVID-19 recession," commentary from the ABS found.

"Housing Industry Association new home sales data for October 2020 that shows new home sales were 31.6 per cent higher in the three months to October when compared with the same time last year."

"ABS building approvals data for October 2020 showed approvals for private sector houses rose for the fourth consecutive month, and are at the highest recorded level since February 2000, with 10,692 approvals."

"Australia has recorded a ten-year high for first homes buyers in the last quarter, according to the latest REIA's The Housing Affordability Report."

As a result, the Morrison Government has announced HomeBuilder will be extended until 31 March 2021. For all new build contracts signed between 1 January 2021 and 31 March 2021, eligible owner-occupier purchasers will receive a $15,000 grant; and the property price caps for new builds in New South Wales and Victoria will be increased to $950,000 and $850,000 respectively.

In addition, the construction commencement deadline will be extended from three months to six months for all eligible contracts signed on or after 4 June 2020.

Find more HomeBuilder eligible property,&nbsp;<a href="/guides/buy-now-save-20-urban-listings-eligible-for-the-25-000-homebuilder-grant">Buy now + save: 20 Urban listings eligible for the $25,000 HomeBuilder Grant</a>.

Loan commitments for the construction of new dwellings rose by 11.5 per cent, ABS data shows.

HomeBuilder is driving Australia's residential construction comeback

<html><body>The New South Wales Government are set to announce sweeping changes to the current stamp duty tax that keeps prospective buyers out of the property market.

Ahead of Tuesday's budget, NSW Treasurer Dominic Perrottet said the current stamp duty system was centuries old and in need of an overhaul to give NSW residents a modern tax system.

“This is the single most important economic reform we can tackle to turn the Australian dream into NSW’s reality,” Mr Perrottet said.

“This is a reform proposal for NSW where more people can own their home and have more freedom to choose the right property for their family at every stage of life.

“This is a vision for every person and family in NSW – from first home buyers trying to get a foot on the property ladder, to frontline workers moving to service our regional communities, and retirees who are ready to downsize.

“The NSW Government will work with people and communities to shape any reform over the coming months to ensure it is tailor-made for the current and future needs of our State.”

The decision won't come instantaneously.

The community will be asked if they want the stamp duty system overhauled to allow buyers to opt out of stamp duty and instead choose a smaller annual property tax.

The consultation process will kickstart with a proposed model that would:

· Give people purchasing a property the choice between paying stamp duty upfront or opting for the smaller annual property tax;

· Enable people who opt-in to the system to also eliminate any land tax liability;

· Ensure that the current property owners who are not buying or selling are not affected;

· Replace the current stamp duty concessions provided to first home buyers with a new grant; and

· The proposed model includes a property tax rate that would support and incentivise home ownership with a lower rate for owner-occupiers and higher rates for investors and commercial properties.

Mr Perrottet said the model proposed could bring tens of thousands of dollars of relief to the average home buyer and turbocharge economic growth.

“This model may inject more than $11 billion into the NSW economy in the first four years and boost NSW Gross State Product by 1.7 per cent over the long term,” Mr Perrottet said.

“Reform of the inefficient stamp duty system could also create and support thousands of jobs to boost the economy and kick-start our recovery for a prosperous, post-pandemic NSW.”

The reform could be set in motion in the second half of 2021 after seeking community feedback over the coming months.

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The New South Wales Government will propose radical changes to the "centuries old" tax system

NSW to propose abolishment of stamp duty tax

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Prospective Melbourne home buyers were the big winners from the Victoria budget last night, with stamp duty concessions announced until the end of June 2021.

The biggest discounts are for new residential builds valued under $1 million, which will see home buyers save 50 per cent on stamp duty, up to a total of $27,500.

Buyers of existing residential property under $1 million will secure a 25 per cent saving of up to $13,750. Victorian Treasurer Tim Pallas said the decision was 'about building a strong recovery and an even stronger future for our state.'

“With a waiver on stamp duty, we’ll help more Victorians find their home and get more Victorians back to work,” Treasurer Tim Pallas said.

[smartcode_project:default project_id=27406]

The budget measure was part of the government’s “Big Housing Build”.

The state government forecasts an 11 per cent peak-to-trough fall in house prices, with the lowest point being next in June.

They forecast that prices will only recover to pre-COVID-19 levels in 2022-23. The budget papers revealed a 25 per cent drop in stamp duty revenue to $4.6 billion in the 2020-21 financial year.

“Land transfer [stamp] duty is expected to recover from 2021-2022 and grow by an average of 15.4 per cent a year, over the forward estimates, but is not expected to reach the 2018-2019 level until 2022-23,” the budget papers stated.

[smartcode_project:default project_id=3298]

“It’s about equity and putting the support and effort where it can best have effect,” Pallas said.

“The aim is to get as many people in that price bracket [$1 million] and below back into the market.”

The Andrews government has also introduced a $500 million Victorian Homebuyer Fund, offered to those unable to afford a house deposit of 20 per cent.

[smartcode_project:default project_id=8082]

That's available for purchases of new and established property.
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The Victorian Government have announced stamp duty concessions for those wanting to get in to the property market until the end of June 2021

Victoria set for stamp duty discounts until June 2021

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The apartment market in Melbourne has remained relatively strong throughout the COVID-19 pandemic, and even outperformed houses in November, according to figures released by property data firm CoreLogic.

Their National Home Value Index for November saw apartments record 0.7 per cent value growth, compared to the 0.6 per cent growth in houses.

CoreLogic's Head of Research Tim Lawless said the result was a surprise. “The resilience in Melbourne unit values is surprising given the high supply levels across inner city areas and the sharp decline in rental conditions," Lawless said.

Melbourne unit values fell by -0.8 per cent in back to back months from August, but bounced back in October with 0.1 per cent gains.

<img alt="" height="691" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_units_nov_cl_0.jpg" width="2000">

Lawless suggests the unit market outperforming the housing market may be short-lived unless overseas migrations turns around sooner than expected, which in turn would help to shore up rental tenancy demand.

Melbourne’s unit values have recorded a smaller than expected decline throughout the COVID period to-date and a more substantial recovery trend over recent months.

Apartment values in Melbourne are now 0.1 per cent higher over the quarter, compared to Melbourne's housing market which is -0.6 down over the last three months. Over 2020, Melbourne's apartment values are only down 0.5 per cent to a median value of $568,000.
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Apartment values across Melbourne outperformed the housing market in November, surging 0.7 per cent, according to CoreLogic's Home Value Index

Melbourne apartment values outperform houses in November: CoreLogic

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Sydney’s latest harbourfront development, Kurraba Residences, saw 70 per cent of the project sold on launch last weekend.  

16 apartments within the 24-resident collection sold, with another five buyers currently in negotiations.  

Developed by Thirdi group and Phoenix Property Investors, the $170 million development at <a href="/buildings/147-153-kurraba-road-kurraba-point">147 Kurraba Road</a> offers two and three-bedroom luxury harbourfront residences.  

Located on the headland of Kurraba Point, the residences offer 180-degree views of the harbour, including Sydney Opera House and the Botanical Gardens.  

<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/kurraba_apt_dev_interior1_1200x550_1200x550.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="266" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kurraba_apt_dev_interior1_1200x550_1200x550.jpg?itok=7-umNVC1" width="580"></a>

Designed by SJB Architects and Mathieson Architects, the building pays homage to the classic 1920s apartment buildings of the area. 

Its other features include outdoor balconies, a pool, semi-circular windows, and curved brickwork.  

<img alt="" height="525" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kurraba.jpg" width="1000">

According to CBRE’s Ben Stewart, who is marketing the listing, almost all buyers were owner-occupiers, and included a range of demographics from young professionals to downsizers.  

“We believe Kurraba Residences will continue to appreciate in value while under construction, as seen with other landmark Sydney Harbour developments such as Opera Residences”, he said.  

Opera Residences has seen recent re-sales increasing 20 per cent on the purchase price over the construction period.  

“This a great outcome for early buyers because their property will now be in more demand from those who waited until completion”, Stewart said.  

The Kurraba project is expected to reach completion in late 2022.  

<h2>Sydney properties selling now:</h2>

[smartcode_project:default project_id=94611]

[smartcode_project:default project_id=29139]

[smartcode_project:default project_id=7758]
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Kurraba Residences launch sells $90 million on Sydney’s harbour 

Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

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That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

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Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

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