Adding to Chatswood’s growing skyline, <a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> is grounded in a simple principle: apartment living in a major centre does not have to come at the expense of space and outlook.

Set on Anderson Street in the heart of <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a>, the new residential tower, a collaboration between developers <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a> and <a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a> with architecture and interiors by <a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>, will introduce 122 apartments that prioritise generous proportions, considered orientation, and a strong connection to the surrounding heritage precinct.

The design originated from a Design Excellence Competition, where AJC proposed a building that combines suburban-style apartment scale with the density expected in a transport-rich centre. The development will include more than 1,800 square metres of retail and commercial space at street level, landscaped communal roof terraces, and a ground-floor pocket park framed by canopy trees. Together these elements aim to create a building that integrates with Chatswood’s evolving streetscape while maintaining a strong residential focus.

[smartcode_project:default project_id=151353 project_image_fid=353250]

A key driver behind the architecture was the desire to deliver family-sized apartments rarely seen in the Chatswood market. The Anderson includes a mix of one to four-bedroom apartments, with around 35 per cent of the residences configured as three or four-bedroom homes. At the top of the building, two double-storey penthouses span approximately 200 square metres each, reinforcing the project’s emphasis on scale and long-term liveability for both downsizers and intergenerational households.

Orientation and outlook were central to the planning of the building. The apartments are positioned to maximise views to the north and east across Chatswood’s heritage precinct, with upper levels capturing glimpses of the Pacific Ocean. South-facing apartments gain distant views toward the Sydney CBD and Harbour Bridge, while the building’s configuration intentionally reduces western exposure at lower levels to minimise overlooking toward the nearby railway corridor.

The external design references the character of the surrounding conservation area without replicating it directly. A brick podium anchors the building to the street and introduces a series of architectural portals that draw inspiration from the nearby Chatswood Presbyterian Church. Above this base, the tower shifts to a lighter, more open expression defined by horizontal lines and carefully detailed balconies that balance privacy with outward views.

[smartcode_project:default project_id=151353 project_image_fid=353254]

Toward the top of the tower, AJC introduces a distinctive lantern-like element formed by sliding screens. These screens provide both solar shading and privacy while also creating a visual marker for the building within the Chatswood skyline. The feature reinforces the architectural intent of the project, a structure that is visually refined while still responding to the practical requirements of apartment living.

Inside the residences, interior architecture by Hayball focuses on clear spatial flow and practical everyday use. Open-plan living areas connect directly to large balconies, extending the internal living spaces outward and allowing natural light to move deeper into the apartments. Kitchens are designed as central working spaces with premium appliances and carefully selected materials, positioned to serve both daily living and entertaining.

[smartcode_project:default project_id=151353 project_image_fid=353256]

Bathrooms follow a similarly restrained design language, using refined fixtures and materials to create calm, functional spaces, while wardrobe areas adopt a gallery-style layout with integrated lighting and generous storage. These elements reflect a broader design approach that prioritises clarity, functionality, and durability over decorative gestures.

Positioned just a short walk from Chatswood Interchange, residents will have direct access to rail, metro, retail, and dining. The Metro extension allows travel from Chatswood to Martin Place in approximately 11 minutes, placing the CBD within easy reach for residents while maintaining the convenience of a walkable North Shore neighbourhood.

One-bedroom apartments at The Anderson start from $1,022,000.

[smartcode_project_cta:default project_id=151353]

Joel Robinson

How AJC designed The Anderson to bring oversized apartment living to Chatswood

<a href="https://www.apartments.com.au/developers/bridgewell-development">Bridgewell Capital</a> has lodged plans for a major mixed-use apartment development in the heart of Maroubra, seeking a significant uplift in height and density controls to deliver 120 apartments and a 120-place childcare centre near Maroubra Junction.

The State Significant Development application, filed through the NSW Government’s Housing Delivery Authority pathway, covers a 3,270 sqm amalgamated site at 251-257 Maroubra Road and 133-135 Garden Street. The proposal includes a concurrent rezoning that would increase the maximum building height from 12 metres to 35.6 metres and lift the floor space ratio to 4.02:1.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the project would replace a mechanic’s workshop and several detached homes with a 10-storey residential building above four basement levels.

The scheme comprises 120 apartments, including 27 affordable housing units to be managed by a community housing provider for 15 years, alongside 203 basement car spaces and 92 bicycle spaces. A childcare centre occupying nearly 900 sqm of floor area would sit at ground level and be capable of accommodating 120 children and 22 staff.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="038a0639-f9e4-4303-8fcc-d43e73fa480f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20pers.png?VersionId=eGBElxmNqJW.YF3JFYgHTnPgAstdyXR3" />

According to the Design Report, the project has been conceived as a “gateway proposal” that responds to Maroubra’s evolving urban character and its proximity to the town centre.

“Designed to complement the character of Maroubra’s town centre, this gateway proposal features a building scale that matches its surroundings,” the report stated.

“It integrates residential units above a ground-level childcare centre, fulfilling the strategic objectives of the Randwick City Council Masterplan.”

The apartment mix is weighted toward larger residences aimed at families and downsizers, reflecting changing demographics in the Randwick LGA and increasing demand for medium-density housing close to transport and amenity.

BKA Architecture said the proposal seeks to reinforce Maroubra Road as a civic spine while improving the pedestrian experience around the site through landscaping and upgraded public interfaces.

“The design capitalises on the following site opportunities: reinforcement of Maroubra Road as a civic spine, enhancement of pedestrian pathways and the public interface via new landscaping, and strong market demand for two and three-bedroom apartments to support families and down-sizers,” the Design Report noted.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="ee509779-3c7e-4918-b03d-761c785459d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20site.png?VersionId=eZC4Ruyn.C7O.Qwfr1SVeP5.ds1c5.66" />

The building has been designed with setbacks and articulation intended to transition between the commercial intensity of Maroubra Junction and the surrounding lower-scale residential neighbourhoods. Communal open space is proposed on level one, while upper-level apartments would secure views towards Port Botany, Maroubra Beach and Sydney’s eastern suburbs.

The development sits around 200 metres east of the Maroubra Junction intersection of Anzac Parade and Maroubra Road, within one of Randwick’s identified strategic centres. The site is close to Pacific Square Shopping Centre, major bus routes, schools, parks and future cycling infrastructure proposed under the Maroubra Junction Masterplan.

The Maroubra proposal aligns with broader NSW Government initiatives encouraging higher-density housing near established centres and transport corridors, particularly where affordable housing is incorporated.

Bridgewell is also working on a <a href="https://www.apartments.com.au/news/qld/goldfields-sets-the-stage-as-quartet-milton-launches">new 55-unit project in Killara</a>.

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

[smartcode_project:default project_id=108736 project_image_fid=367993]

Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

[smartcode_project:default project_id=108736 project_image_fid=368000]

Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

[smartcode_project:default project_id=108736 project_image_fid=367999]

In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

[smartcode_project:default project_id=108736 project_image_fid=367991]

<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, a level of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar, one of Melbourne’s best-known venues.

[smartcode_project_cta:default project_id=108736]

Goldfields sets the stage as Quartet Milton launches

<a href="https://www.apartments.com.au/developers/stockland">Stockland</a> and Homes NSW have taken the next major step in the transformation of Waterloo Estate, lodging a Concept State Significant Development Application and concurrent rezoning proposal for the renewal of Waterloo South.

The proposal, now on public exhibition, outlines plans for around 3,300 new homes across the 12.3-hectare precinct. A minimum 30 per cent of residential gross floor area will be delivered as social housing, approximately 20 per cent as affordable housing, and a maximum 50 per cent as market housing. The redevelopment would more than quadruple the number of homes currently on the site and more than double the existing supply of social and affordable housing.

The renewal of Waterloo South forms the first stage of the broader Waterloo Estate transformation and is set to unfold over the next 10 to 15 years. The estate currently contains 750 social housing dwellings and 120 private homes.

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="ba2da34b-171b-4ff1-b0c7-4baf0bce97f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public.png?VersionId=S5apPKOqjPHJhk_SzCvdVPxsEBYs300o" />

The proposal, prepared by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> and Beam Planning, spans 10 street blocks bounded by Cope, Raglan, George, Wellington, Gibson, Kellick, Pitt and McEvoy Streets, directly adjoining the Waterloo Metro Station precinct and within walking distance of Redfern and Green Square stations.

Under the masterplan, building heights would range from two to 33 storeys, delivering approximately 282,485 sqm of residential floor space alongside at least 10,000 sqm of non-residential uses and a minimum 5,000 sqm of community space. The planning framework has been specifically structured to support the mixed-tenure outcome, with the residential gross floor area capped at a maximum 50 per cent market housing allocation.&nbsp;

The Urban Design Report describes the vision as creating “a unique and vibrant mixed-tenure housing precinct that supports the needs of the community and delivers much needed housing in response to National and State Government priorities.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="6e1a6d8b-0626-4fa7-94fc-aa91c0af86dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/waterloo%20per.png?VersionId=duyiJTFOeezTNdM22leI3SoHuqnW6ZaY" />

A major focus of the revised proposal has been increasing the social and affordable housing component. The Minns Government increased the affordable and public housing allocation from 35 per cent to 50 per cent after coming to office in 2023.

Minister for Housing and Homelessness Rose Jackson said the changes were critical to maintaining Waterloo’s social diversity.

“When we came to government, we immediately reviewed the plans for the Waterloo renewal and boosted the number of public and affordable homes from 35 to 50 per cent,” Jackson said.

“This was a crucial step to ensure Waterloo remains a welcoming place for people from all walks of life to call home now and into the future.”&nbsp;

Minister for Planning and Public Spaces Paul Scully said the project would reshape the precinct for generations.

“This concept DA brings thousands of new public, affordable and market homes on the doorstep of the Waterloo Metro station another step closer to reality,” Scully said.

“Importantly, alongside the new homes the plan also proposes new open space where residents and the broader community can gather, relax and play.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="867520cb-6e07-4204-885e-53793ac88066" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public%20a.png?VersionId=lgSI85Q23xBLYLC9NcWKuWZY2HfP4zQ3" />

Stockland Managing Director and CEO Tarun Gupta said the project had been shaped around long-term liveability and community infrastructure.

“As delivery partner, Stockland is proud to be working with the NSW Government on the renewal of Waterloo South – a significant project with community at its heart,” Gupta said.&nbsp;

The planning documents place strong emphasis on “Designing with Country,” recognising the site’s location on Gadigal land. The masterplan incorporates new east-west pedestrian links, activated streetscapes, rooftop communal spaces, retail frontages, and landscaped public areas intended to improve permeability and community connection throughout the estate.&nbsp;

The proposal also seeks to establish a more flexible planning framework for future detailed SSDAs, including updated provisions for educational uses, creative industries, rooftop communal areas, and active frontages. A minimum seven per cent of residential floor space will be delivered as affordable housing managed in perpetuity by community housing provider City West Housing.&nbsp;

The Social Impact Assessment prepared by Urbis describes the renewal as one of Australia’s most significant public housing transformations, identifying substantial long-term positive impacts associated with housing supply, accessibility, public domain improvements, and community infrastructure.&nbsp;

Stockland and Homes NSW have already commenced the first stage of resident relocations, with some tenants moved into newly completed homes at Waterloo Metro Quarter and the Boronia development nearby.

First look: Stockland, NSW Gov, unveils plans for 3,300-home Waterloo South renewal

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Smith by Valli delivers design-led apartments to Melbourne’s inner north

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.

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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>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

Joint venture partners Third.i and Phoenix Property Investors are preparing to launch&nbsp;Balfour Place, a new residential development in North Sydney&#39;s Lindfield.

In conjunction with Coles Group, the&nbsp;mixed-use development will be built on the existing Coles Lindfield supermarket.

The $180 million project, which will be marketed by CBRE Residential Projects, adds to Third.i&rsquo;s growing portfolio of developments, which include the Diary Farmers Towers in Newcastle. Their $2.5 billion pipeline also includes projects in London.

Local buyers have shown interest ahead of its launch next month, with demand increasing for larger apartments in Sydney&#39;s lower north shore.

<a href="/new-apartments/balfour-place-1-balfour-street-lindfield-nsw-2070"><img alt="" height="3376" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/balfour_view16f_side_on_balfour_st_final.jpg" width="6000" /></a>

Balfour Place will comprise a collection of one, two, three and four-bedroom apartments with private courtyards and rooftop gardens, to be built on top of a brand-new large format Coles supermarket, Liqourland, and heritage commercial space fronting the Pacific Highway and overlooking the Blue Mountains.

Luke Berry, Director of Sales and Marketing and Co-Founder of Third.i, said that his company and PPI were thrilled to be working alongside Coles Group community stakeholders to launch the project in the coming months.

&ldquo;When Third.i Group began working with Coles Group, we immediately highlighted there was an opportunity to improve the residential elements of development application, so in a partnership with and award-winning architects Rothelowman, we re-imagined the apartment layouts and created a mix of larger apartments, perfect for the down-sizer and young families we see as the likely purchasers of our apartments and we couldn&rsquo;t be happier to finally launch this project to the market next month,&rdquo; Berry said.

&ldquo;With Balfour Place, you will have everything you need at your doorstep. To be just a lift ride away from fresh food and produce, a barista brewed coffee and your favourite bottle of wine is the epitome of apartment living and that&rsquo;s exactly what we will be delivering with this project.&quot;

<a href="/new-apartments/balfour-place-1-balfour-street-lindfield-nsw-2070"><img alt="" height="3376" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/balfour_view05a_l313_balcony_looking_in_final.jpg" width="6000" /></a>The DA approved site, which spans over 7091 sqm, is set to start the second stage of construction in the first quarter of 2022.

CBRE&#39;s&nbsp;Ben Stewart said that the proximity and convenience offered at the project is one of the top selling points for the project.

&ldquo;The latest offering by Third.i and PPI has it all in terms of proximity to a train station and quality schools, as well as being positioned in a highly coveted north shore suburb where new apartment developments are scarce, particularly for down-sizers,&rdquo; Stewart said.

&ldquo;Our market research has indicated that demand for high-end living and conveniently located new apartments in the area is solid, with almost all initial inquiries coming from local residents.&rdquo;

&ldquo;We haven&rsquo;t seen anything like this on the market for a while and I anticipate the level of liveability coupled with the convenience of essential goods and services at your doorstep will really resonate with our buyers and product on the market won&rsquo;t last for long.&quot;

[smartcode_project_cta: project_id=112016]

The $180 million project, which will be marketed by CBRE Residential Projects, is set to bring a new era of relaxed, contemporary sophistication to a landmark spot and adds to Third.i’s growing portfolio of developments.

$180 million Lindfield apartment development, Balfour Place, to launch

Continuing the expansion of its Sydney footprint, the property developer Fortis has acquired two sites in Double Bay for around $82 million.

The sites, at 2-10 Bay Street and 294-298 New South Head Road, will be the sixth project by Fortis in the city-fringe harbour suburb. The transaction was negotiated by Ben Stewart from CBRE.&nbsp;

The prominent corner site comprises four independent properties, and boasts three street frontages on New South Head Road, Bay Street and Brooklyn Lane.

The 1,863 sqm site has development approvals for a residential project comprising boutique apartments across four levels, with basement parking for each residence and ground floor retail. Construction&nbsp;is expected to commence in July 2022, with the demolition of the existing buildings on the site completed. Pallas Capital will fund the acquisition and construction of the project.&nbsp;

&ldquo;Fortis has acquired multiple sites in Double Bay over the last few years for a mix of residential and commercial projects. 2-10 Bay Street is our newest acquisition and we are thrilled to add it to our portfolio. The residential project on this centrally-located site has an expected end value of $185 million,&rdquo; says Charles Mellick, Director at&nbsp;Fortis.

&ldquo;Our broader vision for Double Bay is to revitalise it. We are creating a vibrant town centre that appeals to residents and businesses alike, complemented by an enviable selection of dining, retail and entertainment options. 2-10 Bay Street and 294-298 New South Head Road will be the sixth project by Fortis in Double Bay, and we are excited to transform this city-fringe location into the most sought after neighbourhood in Sydney.&quot;

One of Sydney&#39;s most affluent harbourside suburb&#39;s, Double Bay is located four kilometres from Sydney CBD and known for its thriving, dynamic social scene. The suburb boasts of excellent amenities and transport options, offering easy access to the Double Bay ferry wharf, while Edgecliff train station lies a 10-minute walk away.

Double Bay is also known for maintaining a unique village feel, surrounded by high end boutiques and retailers.

Pallas Group is the parent company of structured real estate debt and equity manager Pallas Capital and developer Fortis. The expected end value of Fortis&rsquo; Sydney projects currently under construction or under a planning proposal is $1.5 billion, with a further $1.15 billion pipeline of work in Melbourne.

Fortis, in a joint venture with Dare Property Group, recently launched Piper, their high-end Point Piper collection of just 15 apartments

[smartcode_project:default project_id=6126 project_image_fid=191995]

But&nbsp;Fortis, alongside Dare Property Group, are set to finally bring something new for&nbsp;new high-end apartment seekers, on the&nbsp;2,392 sqm Wunulla Road site which they joint acquired for around $40 million last year.

The development, at&nbsp;2A Wunulla Road,&nbsp;will have interiors by MIM Design and sit in landscaping by Dangar Barin Smith.

There will be a mix of two, three and four-bedroom apartments across the boutique four-level building. Each apartment will feature&nbsp;soaring ceilings, open layouts and large living, entertaining, and outdoor areas. Some of the apartments will even have their own private pools.

[smartcode_project_cta: project_id=6126]

The 1,863 sqm site has development approvals for a residential project comprising boutique apartments across four levels

Fortis secure sixth Double Bay site

It&#39;s taken just three months for the newly completed Croydon apartment development, L1ON Croydon, to nearly sell all of its apartment.

The boutique development at 1 Lion Street, Croydon, in Sydney&#39;s inner-west, has just 35 apartments in the two buildings designed by Benson McCormack Architects.

The one, two and three-bedroom apartments have primarily been a hit with local first home buyers, as well as local&nbsp;owner-occupiers who took advantage of the dual-level apartments.

The project has been&nbsp;built and developed by construction veterans and property developers Hone Constructions, who have&nbsp;over 15 years&#39; experience in the property industry.

[smartcode_project:default project_id=95518 project_image_fid=191784]

&nbsp;

Alexander Vrisakis, director at HAUS Agency who has been handling the sales process, said the location of&nbsp;L1ON Croydon was a strong driver in purchasing.

&ldquo;We know that Croydon is a wonderful location, just 20 minutes from the CBD, and buyers that have been eager to secure their first home somewhere that makes commuting to work easy,&rdquo; Vrisakis said.

L1ON&nbsp;Croydon is close to both Ashfield and Croydon train stations, and is also well connected to the CBD by the extensive bus network. It sits within close proximity to&nbsp;parks, sports and aquatic centres, as well as public and private schools like PLC Sydney and De La Salle College Ashfield.

[smartcode_project:default project_id=95518 project_image_fid=191818]

Residents are also close to shopping centres like Westfield Burwood and Ashfield Mall, plus all the eateries, cafes and bars of nearby Haberfield and Burwood.

L1ON&nbsp;Croydon apartments are kitted out with&nbsp;Fisher &amp; Paykel appliances, engineered European oak flooring, Caesarstone kitchen benchtops and bespoke blinds and LED lighting throughout.

[smartcode_project:default project_id=95518 project_image_fid=191816]

HAUS Agency Director Sean Dowling said it&#39;s rare to find such high-quality apartments that are untouched and available to purchase now.

&ldquo;We&rsquo;ve seen solid results, with a big draw card being the fact that the development completed on 1st&nbsp;February *and is ready to move in now,&quot; Dowling said.

&nbsp;

One-bedroom apartments at L1ON&nbsp;Croydon&nbsp;are priced from $730,000.

[smartcode_project_cta: project_id=95518]

The one, two and three-bedroom apartments have primarily been a hit with local first home buyers, as well as local owner-occupiers who took advantage of the dual-level apartments

L1ON Croydon apartments snatch local first home buyers as sell-out approaches

The combination of substantial forecasted population growth, an existing and expanding retail hub, and the newly established North West rail link connecting swiftly with surrounding areas and the CBD, are all major drawcards for people moving from outer suburbs to Castle Hill, the epicentre of the Hills District.

The booming Castle Hill apartment market is set to welcome several developments in the near future, with developers continuing to put faith in the area given the strong pipeline of planned infrastructure.

Urban has taken a look at the top apartment projects&nbsp;currently selling in Castle Hill.

<h2>1. Astrid&nbsp;</h2>

<h2>Developer: CBD Core</h2>

Regulars to the Hill’s District, CBD Core have notched up a rather impressive portfolio over the last two decades in the area.&nbsp;

[smartcode_project:default project_id=22748 project_image_fid=204929]

Taking up a prime spot behind the group’s Oriel project - the first new apartment building in the Showground Precinct - and a stone’s throw from the Hills Showground Metro, the group's latest project, Astrid is pitched to satisfy even the most discerning of buyers.

Comprising 94 apartments, a mix of one, two and three-bedroom residences are on offer, with completion on the project slated for February 2024.

Designed by Zhinar Architects, prices begin from $605,000 in the development, with CBD focusing on the needs of homebuyers post pandemic.&nbsp;

Not merely settling for a study nook in the apartments, Astrid will feature both indoor and outdoor communal spaces, outside of the apartments so those working from home have the option to still be away from where they reside.

[smartcode_project:default project_id=22748 project_image_fid=204930]

Residents will also have access to a state-of-the-art gym, a resort-style heated swimming pool, and a rooftop with barbecues and seating spaces and a solar-powered cabana.

One, two and three-bedders can still be snapped up in the project, with floorplans spanning from 53 sqm.

<h2>2. Chapman Gardens&nbsp;</h2>

<h2>Developer: CG Group</h2>

A landmark development set to redefine apartment living in Castle Hill, Chapman Gardens comprises three low rise buildings in a lush landscaped setting.

Featuring a collection of one, two and three-bedroom apartments and a limited number of duplex style residences, the PTW designed homes Entertaining spaces, high ceilings, gourmet kitchens and expanses of glass filter sunlight through the residences, while features such as ducted zoned air-conditioning and down lighting provide control the internal temperature and ambience.

[smartcode_project:default project_id=29359 project_image_fid=155217]

Designed by award-winning PTW Architects, the terrace-style apartments feature private courtyards and direct street access.

Two-bedroom plus study and three-bedroom plus study options have been crafted to offer house-like spaces within convenient apartment-living, targeting the family market.

More than half of Chapman Gardens is dedicated to landscaped grounds and alfresco entertaining spaces, which have been designed by Urbis.

[smartcode_project:default project_id=29359 project_image_fid=155212]

Rooftop courtyards crown each of the three buildings, with dedicated barbecue and dining areas.

One, two and three bedroom apartments can still be purchased in the final release at Chapman Gardens, with Stage One of the development expected for completion late 2022, and Stage Two in late 2023.

There's also a handful of two and three-bedroom terraces remaining.

<h2>3. Castle Island&nbsp;</h2>

<h2>Developer: KWG Group Holdings</h2>

KWG Property’s $300 million Castle Island, comprises 295 apartments spread across seven buildings near the new Showgrounds town centre. Inspired by nature, Castle Island is the work of local architectural firm, Giles Tribe, and two international architects, Hong Kong’s ARVA Architects and DLN Architects.

[smartcode_project:default project_id=112005 project_image_fid=191248]

They brought a shared vision of integrating the surrounding landscape into Castle Island’s apartments.

On offer is one, two and three-bedroom apartment, featuring full-height glazed facades designed to offer extensive views so that residents feel connected to nature and their surroundings.

The one and two-bedroom apartments are being pitched at owner-occupiers and investors, while the premium 135 sqm, three-bedroom apartments are expected to generate interest from families, downsizers, and rightsizers.

The communal spaces have been designed by Glyph Studio and&nbsp;include a clubhouse, gym, lobby, library and co-working spaces.

[smartcode_project:default project_id=112005 project_image_fid=191249]

There's also private lounging nooks, yoga zones, games and play areas, space for rooftop meals and sunset drinks.

A large garden is central to the project, as well as three elevated sky gardens, which is complete with barbecues, a yoga lawn and twilight outdoor cinema.

Buildings Three and Four are currently selling in Castle Island at 4-6 Sexton Avenue.

<h2>4. Grand Reve</h2>

<h2>Developer: Kassis Homes</h2>

Billed as the most prestigious development ever offered in the Hills area, Grand Reve is a collection of 196 contemporary apartments across two towers.

Featuring studio, one, two and three-bedroom apartments, as well as split-level townhouse-style dwellings, Grand Reve has been designed by Turner Studio with a particular focus on outdoor spaces. Dwellings feature open-plan layouts, accented with 2.7m high ceilings, allowing natural light to filter through.

[smartcode_project:default project_id=94147 project_image_fid=152849]

Double-glass sliding doors extend the dining area to private balconies or terrace courtyards, with Wolf appliances featuring in&nbsp;the kitchens.

The two towers of Grand Reve connect at the podium level and offer views across the Hills District and out to the CBD. The landscaped podium gardens include extensive&nbsp;seating pods and resident dining areas.

Altogether, the project will deliver residents three communal garden areas, totalling over 2,000 sqm of open space.

[smartcode_project:default project_id=94147 project_image_fid=152846]

Grand Reve is conveniently located within a three-minute walk to Castle Hill Metro Station. Construction has commenced on the project with completion expected mid-to-end of 2023.

<h2>5. Chateau Showground </h2>

<h2>Developer: Bridgestone Projects</h2>

Designed by an award-winning team of Bridgestone Projects, PTW Architects, DKO Interiors, RPS Landscape Architects and Westbourne Construction, Chateau is a collection of 296 apartments over nine levels.

[smartcode_project:default project_id=13888 project_image_fid=159889]

The building will comprise a mix of one, two and three bedroom apartments, along with townhouse and penthouse options.

Crowning Chateau is the rooftop terrace, which features an infinity pool, barbecue area, gym, private cabanas, outdoor cinema and garden spaces.

Residents can choose between two colour schemes, Champagne or Bordeaux, with each of the colour choices defining the ambience and character of the apartment.&nbsp;

The building is secure with an on-site building manager, as well as basement level parking and storage.

[smartcode_project:default project_id=13888 project_image_fid=159883]

It takes on an energy efficient design featuring solar panels and generous landscaped area, achieving 60 per cent canopy cover, providing shade, reducing ambient temperatures and mitigating the heat island effect Chateau is conveniently located within a 200-metre walk to the Hills Showground Metro Station and a four-minute drive to Castle Hill’s shopping centre.

Building A, B and D are part of the Stage One release, which will feature 181 apartments.

Stage Two will release building C, comprising 115 apartments. Construction on the project commenced in early 2021 with completion expected mid 2023.

The booming Castle Hill apartment market is set to welcome several developments in the near future, with developers continuing to put faith in the area.

Castle Hill's top apartment developments on the market

Following the success of the first release, McGrath Projects has launched the second stage of Grand Reve, the sought-after, design-focused apartment development in Castle Hill.

They&#39;re now marketing Building B, the tallest of the two towers, which are interconnected by an L-shaped, level three podium.

The second stage will feature the remaining 110 apartments of the 196-apartment development, with the first stage now around 65&nbsp;per cent sold.

As part of the final release a penthouse of scale and significance will be offered &ndash; designed to include the ultimate sense of luxury, not yet seen in the Hills area.

McGrath Projects Associate Director Adam Sparkes says he&#39;s seen an increased demand from&nbsp;investors, who are wanting to park their money in a safe asset class and are looking at both the forecasted population growth for Castle Hill and&nbsp;the historically low vacancy rates across Sydney.

[smartcode_project:default project_id=94147 project_image_fid=196709]

There&#39;s also been&nbsp;significant movement from local owner-occupiers and downsizers recently.

In the last few weeks, McGrath Projects sold four of Grand Reve&#39;s large three-bedroom apartments for between $1.65 million and $1.775 million, all to owner-occupiers, indicating the desirability of both the project and the neighbourhood.

&quot;Some are local downsizers who are wanting to sell their big family home, and recognise our three-bedroom apartments are unusually large when compared to other developments in the area,&quot; Sparkes says.

The highest price McGrath Projects has seen over the campaign was from a downsizer couple who paid $2 million for Grand Reve&#39;s largest three-bedroom, which offers&nbsp;138sqm of internal living area and a further 148 sqm external terrace.

[smartcode_project:default project_id=94147 project_image_fid=196710]

Grand Reve is one of Castle Hill&#39;s most impressive developments that has been launched in recent times.

It&#39;s being developed by the&nbsp;award-winning Kassis Homes, led by Sam Kassis who has been in the building industry for over three decades.

One of the buyers of a three-bedroom apartment was an investor who previously had his own home built over a decade ago by Kassis Homes.

Grand Reve&#39;s twin towers have been designed by Turner Studio, who were inspired by the greenery of Castle Hill, as well as the historic&nbsp;Garthowen House, adjacent to the project, which was surrounded by orchards when built.

[smartcode_project:default project_id=94147 project_image_fid=196711]

&quot;We&#39;re really urbanising the concept of the backyard and integrating that in to an urban housing scheme that sits in a suburban context and therefore I think we&#39;re going to end up with a unique project and a unique product,&quot; Turner design&nbsp;director, Nick Turner, said.

Turner worked in collaboration with Arcadia to&nbsp;deliver three curated communal spaces as well as smaller, intimate spaces, which are nestled amongst tree groves and terraced landscaped areas.

[smartcode_project:default project_id=94147 project_image_fid=196703]

Inside the apartments, interiors feature&nbsp;engineered oak timber flooring, stone bench tops and crafted curved timber joinery throughout.

The open plan living, kitchen and dining area are designed to maximise space, both with the 2.7-metre heigh ceilings and the large&nbsp;double sliding doors that extend the space on to a courtyard or balcony.

Grand Reve residents are set to benefit from the location of the project, in the quiet&nbsp;cul-de-sac&nbsp;Garthowen Crescent.

One of the biggest drawcards of Grand Reve is its location, in the heart of Castle Hill.

Sparkes says there&#39;s considerable interest given the location, close enough to benefit&nbsp;from the infrastructure of the $1 billion redevelopment of the Showground Precinct, but far enough away from where dozens of apartment projects are under construction and in the pipeline.

[smartcode_project_cta: project_id=94147]

The second stage will feature the remaining 110 apartments of the 196-apartment development, with the first stage now around 65 per cent sold

Kassis Homes releases final stage of Grand Reve, Castle Hill

Will 2022 be the year of apartments, the year of investors, or both?

Now that international borders are open, the forecasts of immigration are strong, and rolling lockdowns keeping workers out of offices are a thing of the past, industry commentators and experts believe&nbsp;apartments will be back in fashion, given the affordability constraints due to runaway house prices.

Investors, who have been quiet in the property market for the best part of two years due to the&nbsp;COVID-induced downturn on migration and rental returns, are now starting to creep back in to the market.

Now more than ever, the highest priorities for investors are to buy in an area which has planned local infrastructure, solid&nbsp;population growth forecasts, and strong transport links.

One of Sydney&#39;s fastest growing suburbs is Castle Hill&nbsp;in Sydney&#39;s Hills District,&nbsp;north-west of the city. The area&nbsp;is undergoing a huge transformation, with the redevelopment of the Castle Towers Shopping Centre, and the new&nbsp;Metro Station connecting residents to the CBD in just&nbsp;40 minutes by train.

[smartcode_project:default project_id=94147 project_image_fid=152850]

Population forecasts are also solid, with experts forecasting a 20 per cent rise in population in the next 15 years.

McGrath Projects Associate Director&nbsp;Adam Sparkes says he&#39;s seeing investors start to get back in to the market, with a number of investors interested in the potential returns&nbsp;at&nbsp;Grand Reve, the Castle Hill apartment development from builder developer Kassis Homes.

&quot;Many are seeing long-term growth in the area, with the Castle Towers redevelopment the obvious drawcard,&quot; Sparkes says, also suggesting that there are more shrewd&nbsp;buyers in the market than ever before.&nbsp;

[smartcode_project:default project_id=94147 project_image_fid=152854]

&quot;First home buyers are getting savvier, and are intending to live in the new apartment on completion, with a view of making it an investment in the years after when they&#39;ve moved on,&quot; Sparkes notes.

&quot;Local downsizers are also buying with a view that, upon completion in Q4 2023, they will likely lease the apartment while they put the wheels in motion to sell their family home, and downsize in to the apartment eventually.&quot;

One of the biggest drawcards of Grand Reve is its location, in the heart of Castle Hill. Sparkes says there&#39;s considerable interest given the location, close enough to benefit&nbsp;from the infrastructure of the $1 billion redevelopment of the Showground Precinct, but far enough away from where dozens of apartment projects are under construction and in the pipeline.

[smartcode_project:default project_id=94147 project_image_fid=152852]

Sparkes advises some of the larger, more owner-occupier friendly apartments in Grand Reve will likely yield around 3.5 per cent on completion,&nbsp;but the more investor friendly one and two-bedroom product should reach a yield of around 4.5 per cent, well above The Hills District average of 3.4 per cent that SQM Research calculate.

The savviest of investors have been buying through their self-managed super funds, with one purchaser, a local couple, spending over $850,000 on a two-bedroom apartment in their SMSF.

There&#39;s also the depreciation benefit&nbsp;of a brand new asset&nbsp;for investors, who can claim yearly depreciation of the investment, an option not available to those investors seeking an already built apartment.

[smartcode_project:default project_id=94147 project_image_fid=152848]

Castle Hill&nbsp;has a median apartment price of $969,000, up 7.4&nbsp;per cent in the last 12 months, according to CoreLogic data.&nbsp;The gap between the median house and median&nbsp;apartment price in Castle Hill is&nbsp;$1.32 million, with the&nbsp;Castle Hill median house value at $2.292 million in February.

In August last year, McGrath Founder John McGrath noted the growing shift of those seeking out apartments over houses due to affordability, and that gap has only grown since then.

&quot;We&rsquo;re now meeting young people at opens who tell us they&rsquo;ve given up on a house and have switched their search to townhouses and apartments,&quot; McGrath said.

[smartcode_project_cta: project_id=94147]

Now more than ever, the highest priorities for investors are to buy in an area which has planned local infrastructure, solid population growth forecasts, and strong transport links.

Will investors and outpriced prospective house buyers drive the apartment market in 2022?

A Cronulla development site has sold for $38 million in an off-market deal, setting a new record sale rate for Cronulla and the Sutherland Shire.

The property at 67 Gerrale Street, consisting of a traditional red brick 18-apartment block, Carousel Court on a 1,327sq m site, was purchased by Sammut Group.

They bought from 18 owners in a strata amalgamation, who joined together to sell the property at an average $2.1 million windfall.

The last advised sale of an apartment was $540,000 in 2014.

One buyer had paid $120,000 in 1995, according to CoreLogic.

The deal was negotiated by Knight Frank agents Anthony Pirrottina and Demi Carigliano at a rate of $9,400 per square metre on potential gross floor area.

Sammut Group Director and CEO Allen Sammut said the acquisition paved the way to help create the missing link between the station and the beach, with both residential and retail activation.  

Pirrottina said the site is arguably the best development site in Cronulla, being directly across the road from Cronulla Beach and overlooking parks on two sides. 

“It was an exceptionally rare opportunity to acquire a residential apartment block with immense development potential in one of Sydney’s most tightly-held beachside precincts.” 

“Cronulla is the premier postcode of the Sutherland Shire, with growing values for off-the-plan apartment sales, and the prime location of this particular site will ensure strong buyer demand for any future residential development,” Carigliano said. 



The property at 67 Gerrale Street, consisting of a traditional red brick 18-apartment block on a 1,327sq m site

jchancellor-FAypfDUnLy

Sammut Group spend $38 million at Cronulla for apartment development site

Stockland and Western Sydney University plan to develop a mixed-use urban village at the Werrington sites of the University’s Penrith campus.
 
Located five kilometres from the Penrith CBD, the 99-hectare site offers the opportunity to create a six star green star urban neighbourhood with a large town centre that is integrated with the existing campus facilities. 

The proposed development will feature new housing, more than 18 hectares of open space, and a cultural, arts and heritage precinct.

The project includes the creation of a ‘living laboratory’ for education, research and innovation.
 
“In partnership with Western Sydney University, this unique project aligns with our strategy and will enable us to bring to life a thriving community in a well-connected urban infill location," Stockland CEO Tarun Gupta said.

“The existing health and education infrastructure in the surrounding Penrith Quarter precinct provides strong fundamentals for asset creation and management, and the masterplan will allow us to respond to the evolving market demand over time.
 
"With our shared vision to create a ‘destination for discovery’ underpinned by leading urban design and world class sustainability principles, we are excited by the opportunity to be part of this growing precinct’s success and look forward to progressing plans with the University, local authorities and relevant stakeholders.”

Vice-Chancellor and President, Professor Barney Glover said Western Sydney University has a proud history of delivering high-quality educational opportunities and world-class research expertise for the people of Western Sydney, and is pleased to partner with Stockland to bring this ambitious vision for the campus to life.
 
“This exciting partnership with Stockland is set to transform the site, bringing the University into the town centre and further strengthening our connections and engagement with business, industry and local communities. 

"New housing, retail, commercial and social spaces will also help support the growing population, providing much-needed amenities and enhancing the liveability, productivity and sustainability of the surrounding neighbourhood, said Professor Glover.
  
The development of the site is subject to a rezoning and planning approval process, which Stockland plans to commence in 2022. 
 
“This exciting partnership with Stockland is set to transform the site, bringing the University into the town centre and further strengthening our connections and engagement with business, industry and local communities. New housing, retail, commercial and social spaces will also help support the growing population, providing much-needed amenities and enhancing the liveability, productivity and sustainability of the surrounding neighbourhood, said Professor Glover.
 
“This is a significant initiative that is about securing the University’s future as a world-class institution and its long-term financial sustainability. Developing our non-core land allows us to reinvest the proceeds back into the University so we can fund new innovations in teaching and learning, build on our research strengths, and initiate projects that can further strengthen the student experience.”
 
The development of the site is subject to a rezoning and planning approval process, which Stockland plans to commence in 2022. This will involve working collaboratively with Penrith Council, relevant State agencies, Western Sydney University and the community to progress the planning proposal to deliver the vision for the site.

The development of the site is subject to a rezoning and planning approval process, which Stockland plans to commence in 2022

Stockland and Western Sydney University plan to develop a mixed-use urban village

The prominent international property developer,&nbsp;Sekisui House, is preparing to launch its next phase of its $1 billion masterplanned community, The Orchards, in Norwest in Sydney&#39;s north-west.

The next release will be Lumia Lux, the second phase of the third stage of apartments, Lumia, which was released to the market nearly 12 months ago.

Lumia Lux&nbsp;commands a prime position in the Norwest development, located along Strangers Creek reserve and surrounded by large trees, a linear park and waterways.

Designed by prominent architectural practice Turner, Lumia Lux&rsquo;s design responds to its surrounds and embraces&nbsp;a connection to the environment. The two 12 and 13-level buildings will home&nbsp;127 apartments. There will be&nbsp;11 one-beds, 71 two-beds, 25 two-bed max, 17 three-beds and three&nbsp;four-bed penthouses on offer.

[smartcode_project:default project_id=111509 project_image_fid=191138]

A key feature of Lumia Lux is the outdoor pool and pavilion. This pavilion is appointed with a collection of communal and intimate dining and lounge areas that overlook the pool and linear park. Embracing the natural setting, the pool and pavilion have been designed to embrace the organic forms found in nature.

An infinity water edge, floating lounges and green landscaped roof further heighten the connection to nature.

Prices start from $650,000 for a one bed (62 sqm&nbsp;internal) and over $2.4 million for a four-bed penthouse (176 sqm&nbsp;internal).

[smartcode_project:default project_id=111509 project_image_fid=191136]

David Lee, Sales Manager, Developments and Communities &ndash; The Orchards at Sekisui House, says the conditions are ripe for a strong 2022 selling season, which is why&nbsp;Lumia Lux will launch next&nbsp;month. He notes that apartments have become a clear alternative for many home buyers with Sydney&#39;s median house values reaching record highs.

&quot;Strong rental demand for apartments is bringing property investors back into the market, first home buyers are seeking affordable property options and downsizers are selling their larger homes to release capital for lifestyle purposes,&quot; Lee says.

&ldquo;With over 330 apartments sold to date, The Orchards continues to attract a wide range of purchasers drawn to its luxurious lifestyle and first-class amenities.

&quot;Lumia Lux offers a broad range of apartment configurations aimed at enticing first home buyers, local downsizers and investors.

Set on a nature site with a creek and cycle/walkways, The Orchards will feature recreational amenities including a 1.4-hectare public park, playgrounds, break-out green spaces, outdoor lagoon pool, large indoor fitness centre and indoor heated swimming pool.

[smartcode_project:default project_id=111509 project_image_fid=189525]

&nbsp;The masterplan, on 8.1 hectares, is spread across five stages. When completed the community will comprise 1300 apartments.

The Orchards is located approximately 31 kilometres north-west of Sydney&rsquo;s CBD and is nestled in Norwest. It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.

All apartments in both Imperial (Stage 1) and Aire (Stage 2) in The Orchards have been completely sold out. Lumia phase 1 has approximately 55 apartments left, with the majority being oversized two bed max apartments.

Lumia Lux commands a prime position in the Norwest development, located along Strangers Creek reserve and surrounded by large trees, a linear park and waterways

Sekisui House to launch Lumia Lux at The Orchards, Norwest masterplan

The NSW Government&rsquo;s Productivity Commissioners review into the NSW Planning System in 2021, has shown that NSW is the slowest planning system in Australia, according to UDIA NSW research.

Delays in planning approvals are resulting in increased holding costs, the UDIA&#39;s Steve Mann said.

&ldquo;Victoria has recognised the benefits of speeding up the planning system.&nbsp;

&quot;It will create jobs and help to solve the housing supply and affordability crisis.&nbsp;

&quot; NSW needs to get more ambitious if it is to tackle the housing supply and affordability crisis we face throughout the state,&quot; he said.

He said the major reforms in Victoria&rsquo;s planning system aimed at speeding up building approvals and cutting red tape will see NSW falling further behind.&nbsp;

The delays were especially with rezoning, approval timeframes and the coordinated delivery of utilities.

&quot;Delays at these stages will directly and correspondingly increase holding costs for any proposed development and inevitably push up total project costs and house prices. &nbsp;

&quot;Our research also identified a dozen Sydney based priority precincts that have experienced a substantial delay in delivery from rezoning through development commencement of 6 years or higher.

&quot;This is in addition to the lengthy delays to reach the rezoning stage with some taking more than 8 years.&quot;

It has have compared these timeframes to other Australian planning jurisdictions, which notably have shorter precinct release timeframes, especially during the rezoning stage. 
&nbsp; 
Category &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Current NSW performance &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Other states&nbsp; 
Medium Density &nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 200 days &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;70 to 105 days&nbsp; 
High Density &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;190 days &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 105 days&nbsp; 
Greenfield sub-divisions &nbsp; &nbsp;&nbsp;&nbsp; &nbsp;130 days &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;2nd slowest state &ndash; QLD (100 days) &nbsp; &nbsp;

(Table showing the figures obtained from the Productivity Commissioner&rsquo;s White Paper)

The UDIA NSW has called for reforms to the NSW planning system to speed up planning approvals

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