Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

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Ellen Walker

Off-the-plan property explained: What is stamp duty?

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

The inflation result the property market was waiting for

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First home buyers have purchased more than 50 percent of property in 2017 at Queensland's Ecco Ripley development by Sekisui House.
Some 56 percent of buyers so far are first home owners, 37 percent investors, six percent second-plus home buyers and three percent downsizers.
Scott Blaney, Ecco Ripley Sales Manager said they are seeing an increase in sales from first-home owners, due to the $20,000 state government grant.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/07/Ecco%20Ripley%20aerial.jpg" alt="">
"Overall, the Ecco Ripley community comprises 66 per cent owner occupiers with 33 percent of home owners from Ipswich and 40 percent from greater Brisbane," he said.
"11 percent hail from New South Wales, three per cent from Victoria, 3 percent from the Sunshine Coast and the remaining 3 percent from Western Australia.
“There is a constant stream of new faces and nationalities moving to Ecco Ripley, adding a great deal of diversity to this growing community.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/07/Ecco%20RIpley%20.jpg" alt="">
“Beyond this, leisure areas and recreational spaces dot the wider community, offering neighbours every excuse to enjoy the social side of life and share genuine moments that extend beyond the fence line.
Bikeways and walking paths link residents to green parks, communal spaces and the highly anticipated $1.5 billion Ripley Town Centre.”
Ecco Ripley has more than 750 residents currently living in the community or in the process of building their home.
New release duplexes by Sekisui House are now selling from $318,00 for house and land.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/07/Ecco%20Ripley-2.jpg" alt="">
The Terraces at Parkview Parade, comprising a mix of single and double-storey designs are priced from $277,000 to $336,800 for house and land, with the final release now selling.
A range of newly constructed homes is also available with park-fronting double-storey homes from $474,000 and the last remaining three-bedroom single-storey homes for $369,400.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/07/NRL%2046.jpg" alt="">
For further information please contact 13 74 22, or visit <a href="https://www.eccoripley.com.au" target="_blank">www.eccoripley.com.au</a>.  
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First home owners flocking to Ecco Ripley

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Increasing values, strong rentals and limited stock in NSW’s Mid North Coast is causing problems for first time buyers as they compete with the generally more affluent investor market, according to HTW’s Month in Review: March 2017.  
The valuation firm says the new rapidly developing outlying subdivisions to the west of Port Macquarie (Inneslake, Brierley Hill and Thrumster areas) and to the south (Bonny Hills and Lake Cathie) have seen high demand for residential blocks over the past year.
“Purchasers appear to be a combination of investors and new home buyers, predominantly in the $450,000 to $600,000 segment,” the report states.
“First home buyers are targeting the lower end of this segment and accessing the first home owner grants (for new homes).
“While this can be more expensive than some of the established areas closer to town, access to the first home owner grant is proving the difference.”
The firm notes that a shortage of available land is becoming a problem, with often only house and land packages available for purchase.
“First home buyers often have to opt for higher value land and building packages, which may cause some mortgage stress in the future if interest rates rise.
“In the larger towns, first home buyers have often opted for residential units and villas in the lower value range ($300,000 to $400,000) with not only the price but the low maintenance proving attractive.
“However these are also very popular with mum and dad investors who are finding that these investments are often neutrally geared and relatively low risk.
“This has seen significant increases in values for these lower end products.”
HTW cautions that the only product it advises first home owners in the region to avoid would be serviced apartments.
“As the option of rent-vesting is gaining popularity, we would advise first home owners to stay away from properties that can’t be lived in permanently,” the report says.
“While the appeal of low purchase prices may be tempting, the high ongoing running cost, low returns and limited prospects for capital growth see this segment as a no go for first home owners looking to get onto the property ladder.”
A two bedroom house at<a href="https://www.realestate.com.au/property-house-nsw-lake+cathie-124684366" target="_blank"> 6 Southern Ocean Street</a>, Lake Cathie (above) has been listed for $479,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-bonny+hills-124839222" target="_blank">8 Rodley Street</a>, Bonny Hills (below) has been listed for $655,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/8%20Rodley%20Street.jpg" alt="">
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First home owner grants making a difference in NSW Mid North Coast: HTW

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In the Sutherland Shire, good buying opportunities for first home buyers are in the suburb of Sutherland, according to HTW’s Month in Review: March 2017. 
The valuation firm says the suburb’s regular and express trains to the CBD and proximity to Westfield’s Miranda make it an attractive alternative.
Entry level units in Sutherland start from $500,000 to $700,000 for semi-modern one and two bedroom units.
“In this current market it’s difficult for first home buyers to enter as they are also competing against investors, particularly in heated market conditions, as most properties are sold at auction,” the report says.
“Private treaty sales and off the plan purchases may be more favourable for first home buyers.”
The firms cautions that it is important to have your finance ready and speak to a broker to find out your borrowing capacity.
“First home buyers can also partner with family members to purchase properties with duplex or house and granny flat potential in order to accommodate two separate residences,” it says.
“Be aware that this will affect eligibility for government grants.
“In terms of arranging finance, guarantor loans are also popular as it is difficult for first home buyers to save a deposit for a property.
“The banks will generally accept a guarantor loan as long as the purchaser can service the loan.”
HTW says the developers offering one bedroom units and studio apartments around the city fringe and along major transport hubs is helping to create entry level opportunities for first home buyers.
“These units are usually of similar quality to those within the surrounding development however may be more difficult for financing if the living area is less than 50 square metres.
“Some lenders offer lower loan to value ratios for these type of properties while other lenders won’t finance them at all.
“A recent example of this was published by the Sydney Morning Herald reporting a Melbourne first home buyer lost his $41,000 deposit on a St Kilda apartment at settlement because his bank did not lend on apartments with an internal area less than 50 square metres.”
The firm warns that if you are considering buying it’s important to do your research including inspecting as many properties as possible.
“If you are looking at purchasing off the plan then compare the inclusions you are getting as a lot of developments have the same level of finishes.
“Get your foot in the door – you may not be able to afford your preferred property type or location to begin with – so look for more affordable alternatives with the option to renovate or upgrade to a preferred option in the future.” 
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-sutherland-124908706" target="_blank">25/50-56 Merton Street</a>, Sutherland (above) is listed with a price guide of between $575,000 to $615,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-sutherland-124744158" target="_blank">13/50-54 The Grand Parade</a>, Sutherland (below) is listed for between $575,000 to $632,500.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/13_50-54%20The%20Grand%20Parade.jpg" alt="">
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OTP buys in Sutherland favourable for first time buyers: HTW

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A five hectare site on the Pacific Highway, Ballina, in northern New South Wales is on the market with expectations of more than $35 million.
A modified plan for the site had been approved by Ballina Council for a highway service centre. It is for sale via Offers to Purchase by Andrew Schmidt and John Dwyer of Ray White on behalf of interests associated with former Consolidated Properties co-founder Steve Tyson.
Andrew Schmidt said the new centre will be anchored by a 15-year lease plus 2 x 10-year options to Caltex, who will offer a state-of- the-art facility incorporating separate truck and standard vehicle facilities and parking for up to 25 B-doubles and capacity for AB-triples.
“The design of the complex ensures the traditional conflict between cars and trucks evident in so many existing service centres will be a thing of the past in this project," he said.
“Service centres have become a highly sought after asset class in the current market, and the outstanding mix of tenants on long leases in this centre coupled with the prime location, is expected to appeal to both the institutional market and also major private groups.
"The current approximate net income is $1.5 million per annum.”
John Dwyer said another feature of the service centre will be the largest and most diverse food court offering on the east coast.
"KFC had committed to a 15-year lease with 3 x five-year options for a new freestanding KFC store on an adjoining lot to the service centre," he said.
“The food court includes healthy food operators Oliver's Real Food and growing kebab group Zaza Kebabs, while Gloria Jean's Coffee will operate one of the two drive-through facilities.
“Negotiations are underway with the three pad sites with an opportunity to acquire the adjoining adjacent land parcel comprising approx. 6.48ha.
McDonald's has acquired its own lot and recently submitted a Development Application.
Offers to Purchase close on Wednesday, April 5, 2017.
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Ballina highway service centre site hits the market

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Pacific Epping Shopping Centre in Melbourne’s northern suburb of Epping has announced expansion plans, as work is set to start on a new Costco and Quest Apartment Hotel, both set to open in early 2018. 
Both organisations will help to service demand of the growing population of the outer Northern suburbs, as population projections are set to double that of Melbourne (3.9% vs 1.8%) from 2014 - 2019. 
Construction for both Costco and Quest will commence in mid-2017 and complete in mid-2018. 
Pacific Epping is the fourth Victorian site chosen by Costco (in nine years), with a 13,788 sqm store set to facilitate a catchment of 1 million people. 
The new Quest Apartment Hotel will comprise 96 apartments and be adjacent to a 1,300 sqm precinct, mostly restaurants. 
The expansion of the restaurant precinct will build on the buzz of Pacific Epping’s busy Urban Diner. The apartment hotel will float above the restaurants which will enjoy double height spaces. 
Steve O’Brien, director-Planning and Major Projects at the City of Whittlesea, says the development will create jobs and help the growth of Whittlesea.
Graham Terry of Pacific Centres said the introduction of both entities will bring an enhanced retail offer and increased activity to the site. “With Costco, we are proud to be able to offer an international retailer offering for the growing numbers in our trade area and with Quest Apartment Hotels, the nearest hotels are Tullamarine, Preston and Bundoora, so the demand is evident.” 
Costco Australia managing director Patrick Noone said it would be the fourth Costco warehouse in Victoria. 
Zed Sanjana, chief executive officer from Quest Apartment Hotels added, “Quest’s commitment to a new apartment hotel in Epping continues to demonstrate our enduring focus on providing premium accommodation for business travellers.”
 
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Pacific Epping reveals plans for Costco warehouse and Quest apartment hotel

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A fire station built in 1934 in Brisbane's Yeronga has sold for $925,000 after being passed in at auction before Christmas.
The property, 785 Ipswich Road, Yeronga, was sold to construction company Stokes Wheeler.
Aron Burtenshaw Ray White Industrial Milton said the owners took a break over Christmas but we resumed negotiations with interested parties and by the end of January we had multiple offers.
“We secured a cash unconditional contract for the owners at $925,000, which was well above the highest bid on auction day,” he said.
"Stokes Wheeler plan to maintain the 280 sqm two-level building in its heritage form and occupy as their head office, relocating from their current premises at Loganholme."
It was designed by Queensland architecture company Conrad and Gargett, who also designed Old Government House and Customs House in Brisbane.
The current owners bought it in 2001.
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Historic Yeronga fire station sold

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A fish and chip shop in Melbourne's Cranbourne has been sold at auction for $660,000 for a yield of 5.2 percent.
The 112 sqm building, <a href="https://www.realcommercial.com.au/property-retail-vic-cranbourne-502136454" target="_blank">19 Hotham Street</a>, Cranbourne, was sold for $60,000 above reserve.
Ryan Amler of Ray White Commercial Oakleigh said there were more than 40 enquiries during the marketing campaign and five bidders at the on-site auction.
“The tenant of the standalone single level building recently signed a new 10-year lease and the property is returning gross rent of $34,548 per annum," he said.
“There is future value-add/development potential subject to council approval.”
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Cranbourne fish and chip shop sold for $660,000

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Nine Entertainment Co has announced plans to relocate its Sydney headquarters to North Sydney after striking a 15,500sqm lease agreement.
Nine has committed to anchor Winten Property Group’s landmark 1 Denison Street office tower, which is scheduled to be completed in early 2020.
CBRE represented Winten in the lease negotiations, which follow last year’s sale of the Channel Nine studios in Willoughby for $147,500,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/3/1%20Denison.jpg" alt="">
The North Sydney relocation announcement heralds an historic move for the network, which has been broadcasting from its Willoughby site for over 60 years.
The 1 Denison Street development will house Nine’s production, sales and digital operations.
On completion, the 39-storey, 1 Denison Street tower will be the tallest skyscraper in North Sydney.
1 Denison Street will be developed at the new centre of the North Sydney CBD, adjacent to the new Metro train station.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/3/160806_1%20Denison_NEC%20Report%202_Page_22.jpg" alt="">
The project will incorporate two levels of luxury shopping and restaurants as well as circa 60,000sqm of upper-level office space.
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Nine Network lease underpins landmark North Sydney office project

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Developer JQZ will build a residential complex near the grounds of Sydney Olympic Park with demolition of the site slated to begin June this year.
The residential development, named Vivacity,  as been designed by architects BVN.
Vivacity will feature four buildings of one, two, three and four bedroom single and double-storey apartments and penthouses as well as landscaped gardens and communal rooftop spaces.
Interior designers is by Turner.
The apartments feature integrated gourmet kitchens with Caesarstone benchtops, stainless steel Miele appliances, custom-designed chrome handles and designer joinery with a textured grain.
Caesarstone vanities feature timber grain joinery, wall-hung sinks and ambient LED lighting. Laundries come fully equipped with wall-mounted dryers.
The development will also feature three bedroom penthouses.
For more information, <a href="https://www.pia.com.au/en/buy-property/Lidcombe/651/" target="_blank">click here.</a>
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JQZ to build Sydney Olympic Park residential development Vivacity

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The Australian retail investment market is expected to maintain its strong run in 2017 as retail property’s relative value proposition continues.
In 2017, investor demand is likely to remain buoyant while liquidity should increase as more stock is brought to market and the spread between bond and property yields contracts, according to the latest Australia Retail Investment Outlook Report released by Cushman &amp; Wakefield.
Nick Potter, Head of Retail Investments Australia and New Zealand commented: “Australian retail property as a whole remains an attractive investment proposition given the relatively wide gap between the cost of debt and returns on offer.
While we expect this to support further yield compression, it will be more modest than seen over the past year.”
The report reveals that the Australian retail sector is being buffeted by cyclical and structural changes, which will provide opportunities for retailers and landlords alike.
Shorter term changes in the economy and financial markets are influencing spending and investment patterns, while longer term shifts in demographics and technology are changing the way the population live and shop.
Economic, employment and income growth are all forecast to remain positive, though sub-trend, and retail sales should remain in line with this with moving annual turnover (MAT) growth in 2017 of 3-4%.
Variations in retail expenditure between state and territories should narrow as state economic growth moves through different points in the cycle.
Investment transaction activity remained buoyant in 2016 at $7.2bn, with strong support of $1.6bn provided by CBD retail centre transactions.
While total volume declined 14% year-on-year, this was more a reflection of a lack of available stock for purchase.
Looking ahead, investor demand is expected to remain strong in 2017, though more stock is expected to be brought to market, increasing liquidity, which will support investment volumes.
Nick Potter noted: “We expect institutional owners to continue to dispose of non-core assets, such as sub-regional centres in non-metropolitan locations.
Active traders are also likely to offer repositioned assets for sale as they seek new opportunities.
Overall, this will provide opportunities for purchasers all along the risk curve. As a result, heightened liquidity is projected for 2017.”
Structurally, longer term changes are evident as the Australian lifestyle shifts away from large weekly food shopping, towards daily food purchases and increased consumption of prepared meals.
At the retailer level, this evolution has driven development of new “fast dining” options to meet a growing consumer need.
Landlords and developers have used these changes to increasingly pursue mixed use projects and secure “highest and best” site usage.
“With a significant drop in retail centre based floor space per capita, limited green field retail development opportunities and shift towards daily rather than weekly food shopping, mixed-use retail continues to emerge as a major category in Australia’s retail landscape" Nick Potter said.
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The inflation result the property market was waiting for

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The inflation result the property market was waiting for

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