For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

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>

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?

Aqualand has just released stage two of its North Sydney development, AURA.&nbsp;

The $1 billion luxury mixed-use residential development sits among an area undergoing a huge revitalisation, with plans already underway to deliver public domain works that complement the suburb&rsquo;s new transport, commercial and cultural infrastructure.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=181055]

Aqualand&rsquo;s stage two is a new release of one, two, three and four-bedroom apartments range from 55 sqm to 262 sqm, with most featuring north-facing living rooms offering abundant sunlight, west views out to the sunset and district views out to the horizon.

Once known as Australia&rsquo;s largest office precinct outside of a capital city CBD, North Sydney is experiencing a growing demand for larger homes and apartments and is set to transform into a more vibrant and liveable place.

Economist Nerida Conisbee says the transformation will pose an exciting investment opportunity for property investors and owner-occupiers alike as demand for housing in North Sydney explodes over the next five-years.&nbsp;

&ldquo;Given the high level of amenity and proximity to other parts of the city, there is very strong demand for housing in North Sydney, driven by a combination of increasing population growth and the move to apartment living in inner Sydney,&quot; Conisbee says.

&quot;This major transformation will make it an even more attractive, sustainable, and vibrant place for residents, workers and businesses.

[smartcode_project:default project_id=30959 project_image_fid=181050]

&ldquo;Unit price growth over the past 2 years has been unprecedented, doubling over the past decade and increasing by 12% over the past 12 months. As North Sydney transforms, it will attract more than 6,000 new residents over the next 15 years, with nearly 3,600 new dwellings required to accommodate them.

&ldquo;As empty nesters and downsizers are the main growth category, most will need to be suitable for couples without children and singles. Due to land shortages, almost all will need to be medium to high density.&quot;

AURA by Aqualand, featuring architectural design by award-winning firm Woods Bagot and interiors by Richards Stanisich, will offer residents extensive&nbsp;views,&nbsp;leafy surrounds and unmatched urban convenience.

[smartcode_project:default project_id=30959 project_image_fid=181062]

Aqualand&#39;s stage two release features apartments&nbsp;aligned with a modern&nbsp;lifestyle, with residences offering&nbsp;a multi-functional room that can be used to create a second living area, home office or guest room. Select apartments will also enjoy sunlit, glazed studies.

Residents will have a choice between three&nbsp;colour schemes, with Dark, Mid and Light.&nbsp;Spaces are flexible and generous, allowing for greater lifestyle flexibility and&nbsp;the seamless balance between living and working from home. Each AURA residence is unique in planning and proportion, offering different models and solutions to balancing work and home life in the same space. Marble benchtops anchor kitchen spaces that balance form and function, with touches of rich oak and dark bronze adding artistic luxury, while the bathrooms feature marble flooring and bronze powder-coated, framed mirrors.

AURA by Aqualand features a range of community amenities, including an expansive pool and gym, sun deck and community centre, reserved for residents&rsquo; private use.

[smartcode_project:default project_id=30959 project_image_fid=181046]

High-end dining and entertaining is only moments from the apartments, with&nbsp;Aqualand&rsquo;s hospitality arm, Etymon Projects, also curating and managing AURA&rsquo;s multi-level hospitality precinct, which is set to home a providore, bakery, diner, and contemporary Japanese eatery.

Further afield, the new North Sydney metro station is a short stroll from AURA, giving residents convenient access to the rest of Sydney.

Etymon Projects will also deliver&nbsp;24/7 concierge services to AURA residents. Customised to AURA residents&#39; lifestyles, services will include everything you&rsquo;d expect from a luxury concierge, including home management and event planning, welcoming guests, making dining reservations, and planning itineraries.

[smartcode_project_cta: project_id=30959]

The $1 billion luxury mixed-use residential development sits among an area undergoing a huge revitalisation, with plans already underway to deliver public domain works that complement the suburb’s new transport, commercial and cultural infrastructure. 



Growing demand for larger apartments in North Sydney sees Aqualand launch stage two of AURA

The national property developer Fortis has seen a flurry of sales at the recent launch of its luxury Darling Point apartment project, MONA.

Some 60 per cent of the apartments on offer sold, with CBRE&#39;s&nbsp;Premium Sales division head Ben Stewart noting the two and three-bedroom apartments sold&nbsp;well.

&quot;Our team are feeling very encouraged by the initial lot of sales achieved,&quot; Stewart says, adding that there&#39;s still a very good selection of stock remaining.

The two-level penthouse, with 253 sqm of internal space as well as its own rooftop terrace and swimming pool, was sold even before the recent launch event. It was bought by property developer Michael Barakat for $13.75 million, a sale reflecting $55,000 per sqm. There was also a $7.8 million sales to a local downsizer.

[smartcode_project:default project_id=108913 project_image_fid=197634]

MONA, named after its location on Mona Road, one of Darling Point&#39;s best streets, has been designed by&nbsp;MHNDU to blend old-world charm with New York chic.

Stewart said the one and two-bedroom apartments are garnering a lot of enquiry from parents assisting their children.

&quot;It&rsquo;s a great way of getting them into forced saving for a long-term asset,&quot; Stewart suggested.

&quot;MONA has already started to attract this type of buyer because of its location, as well as being a striking looking development that will prove to be a great short to long term investment.&quot;

[smartcode_project:default project_id=108913 project_image_fid=197639]

Fortis Director Charles Mellick said there has been&nbsp;a mix of owner-occupiers and downsizers who have come from the Eastern Suburbs (Elizabeth Bay, Bellevue Hill, Rose Bay) looking at the two- and three- bedroom residences, with many owner-occupiers coming from the Lower-North Shore (Killara and Linfield) as well as the Inner-West.

Initially Fortis had earmarked&nbsp;the site for a commercial project and ground-floor retail, but Mellick said the&nbsp;current market demand and limited supply for residential is so strong, that with the 180 degree city and harbour views and accessibility to local amenity this really made the location the perfect place for high-end city fringe living.

&quot;Something that is hard to come by and that result is clear with the high demand on sales and response on our sales launch weekend.&quot;

[smartcode_project:default project_id=108913 project_image_fid=197650]

The creative inspiration for MONA comes from the history-steeped harbourside corridor it overlooks. The design by MHNDU pays deep respect to the architectural details of the original brick apartment buildings and the bustling inner-city neighbourhood.

The &lsquo;blade edge&rsquo; form of the residential tower delivers a boldly modern street presence, complemented by a north-facing glazed fa&ccedil;ade and rooftop sky terrace with unobstructed views.

[smartcode_project_cta: project_id=108913]

Some 60 per cent of the apartments on offer sold, with CBRE's Premium Sales division head Ben Stewart noting the two and three-bedroom apartments sold well

Fortis secure sales flurry at MONA, Darling Point

Leading NSW developer, ALAND, is officially launching their $800 million master-planned precinct in Merrylands, in Sydney&rsquo;s west.

There has already been strong demand for the first stage of the project, with the prime 2.5-hectare site, located adjacent to the Merrylands train station, set to deliver 365 apartments across three buildings, up to 20 storeys in height.

The Gladstone Village&nbsp;is a rare offering for Merrylands and one of the last remaining pockets along Sydney&rsquo;s rail network to be developed.

[smartcode_project:default project_id=7642 project_image_fid=197118]

Complete with quality Fisher &amp; Paykel appliances, designer Grohe tapware and stone bench tops, each residence has been carefully designed to maximise on space, light and comfort.&nbsp;

&quot;It is the first development of its kind in the suburb within enviable proximity to Stockland Merrylands and the train station and bus terminal,&rdquo; ALAND CEO George Tadrosse said.

With a number of compounding factors influencing the current Sydney property market, including a lack of supply of new housing, ALAND is in a strong position to deliver the majority of apartment stock in Western Sydney.

&quot;ALAND has over 1,200 dwellings under construction at any time, with a strong market share across the western corridor. Despite ongoing supply chain issues, we have managed to secure enough stock, material and labour to maintain optimal efficiency to meet our pipeline demand.&quot;

[smartcode_project:default project_id=7642 project_image_fid=197117]

&quot;Additionally, buyers priced out of the housing market are seeking more affordable properties, further fueling demand for quality and centrally-located apartments.&rdquo; Tadrosse added.&nbsp;&nbsp;

The apartment market in Merrylands is showing heightened demand according to ALAND, with older residents looking to downsize and working professionals seeking accommodation close to employment.

&quot;The Merrylands suburb is an undervalued pocket in comparison to its surrounds &ndash; which is a huge opportunity for buyers. It is also an attractive suburb to investors because it is only a short distance to Parramatta CBD, world-class education precincts and an array of employment hubs,&rdquo; said Bianca Anton, ALAND General Manager.

With a high proportion of tenants currently renting in Merrylands, investors can expect stable occupation rates and a choice of prospective tenants who hold professional occupations.

&quot;In 2020, approximately 31 per cent of people in households within Merrylands were aged between 25 to 39 which is 25 per cent higher than the Greater Sydney Metropolitan area. The area boasts strong demand drivers for younger singles and coupes, including proximity to jobs, public transport and amenities,&rdquo; Anton commented.&nbsp;

[smartcode_project:default project_id=7642 project_image_fid=197120]

Western Sydney, as a region, is currently seeing declining vacancy rates and increasing rents which provide the ideal environment for investors.

The first stage already has approval for 365 apartments set across three buildings and will include approximately 2,600 sqm of retail and commercial space, plus basement car park. It will comprise 17 studios, 98 one-bedroom, 219 two-bedroom, and 31 three-bedroom apartments.

&quot;The remainder of the development is set to undergo additional planning with current controls currently allowing for a mix of retail, residential and commercial assets surrounding 5,000 sqm of internal parkland and open space totalling 6,000 sqm.&rdquo; said CEO Tadrosse. 
[smartcode_project_cta: project_id=7642]

The Gladstone Village is a rare offering for Merrylands and one of the last remaining pockets along Sydney’s rail network to be developed.



ALAND launch The Gladstone Village, Merrylands precinct

A new 600-plus apartment development is heading for the heart&nbsp;of Sydney&#39;s Box Hill.

The prominent Western Sydney property developer, Bathla Group, is set to create 637 apartments across eight low to mid-rise buildings at 34 Terry Road, which have been designed by WMK Architecture to suit the needs of the future community and to cater for a wide cross section of buyers..

There will be a mix of one, two and three-bedroom apartments, as well as two, three and four-bedroom townhouses. There will also be a selection of four-bedroom sky terraces on offer.

Each apartment is inclusive of views and private open space, with the sky terraces featuring&nbsp;expansive roof terraces, privately accessed, giving views across the Hills Shire region.

WMK said in their design statement that the&nbsp;proposal will provide well-designed housing stock in an area where there is a strong demand for this type of development.

<a href="/new-apartments/34-terry-road-box-hill"><img alt="" height="858" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_8.46.36_pm.png" width="2142" /></a> 
View of the proposed development&rsquo;s central spine from Skarratt St. Image by WMK. &nbsp;

&quot;It&rsquo;s designed to encourage social interaction and engagement through the creation of large common courtyards at the ground level, as well as a community room.&quot;

The project is not only divided into a total of eight buildings, in a bid to reduce the overall massing, but it is further split into precincts with Block A and C dubbed&nbsp;the Green Precinct. They will feature&nbsp;facades along the northern edge defined by a gridded column and beam aesthetic, taking inspiration from the traditional veranda typology.

Blocks B and D will be known as the Heritage Precinct, with facades featuring a horizontal emphasis and&nbsp;a terracotta red, brown and grey palette in response to the existing buildings on the site and the heritage zone to the south. Blocks E and F are within the Urban Precinct, delivering a formal fa&ccedil;ade articulation with a more vertical expression, incorporating strong vertical dividing walls and shading elements throughout.

A pool has been proposed in the courtyard of Block C along with a community room on the ground floor of Block D, which will be accessible to all residents.

<img alt="" height="445" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-04_at_2.54.56_pm.png" width="1144" />

The Box Hill development lands in an area with a variety of mixed uses that is undergoing significant change, which when completed will include a new retail centre opposite Terry Road, recently completed apartment developments, and sites making their way through the planning process.

&ldquo;The proposal together with the adjacent Town Centre contribute toward ensuring the future Box Hill area is fulfilling its economic, social and creative potential,&rdquo; WMK added.

The use of simple but articulated detailing of corners, window reveals, vertical grids and feature boxes, with varying scales of detail, are employed to avoid large, flat planes and break the building mass and building height.

&ldquo;The proposed design responds to the change from low-scale conservation area to high-density apartment developments and is to be read as a &lsquo;family&rsquo; of buildings rather than a monolithic development&rdquo;, said WMK.

Landscaping has been designed throughout the precinct by landscape architects, A Total Concept, creating a contemporary, functional and aesthetically pleasing landscape that seamlessly blends with the built form and surround area.

Bathla Group have previously developed in the area, with the Pinnacle Collection, which was released in three stages in the heart of Schofields. Just down the road from the future Box Hill development, Pinnacle delivers a range of one, two and three-bedroom apartments, conveniently located within walking distance to shops, eateries, schools and public transport.

The group currently have a number of other residential developments in the pipeline with a range of town houses and villas, apartments, and house and land projects currently under construction or in planning. &nbsp;

[smartcode_project_cta: project_id=6509]

The apartments will include a mix of one, two and three-bedroom sing-storey apartments, two, three and four-bedroom two-storey townhouses, along with two, three and four-bedroom two-storey sky terraces.



First look: Bathla Group to build over 600 apartments in Box Hill precinct

The national property developer, Podia, is expanding its apartment portfolio in Sydney's Lower North Shore area.

They've just lodged plans for their recently acquired block at 96 Ben Boyd Road, Neutral Bay, seeking to create a six-level, 23-apartment development. It will be the group's second in the area, having previously developed Premier&nbsp;Place nearby.

MHN Design Union have put together the plans which will see the&nbsp;two existing residential buildings revitalized with one modern, architecturally designed flat building, which MHNDUnion said in their architectural statement&nbsp;will complement its surrounding context and maximises amenity to all units.

The building is split between two massing blocks, reducing its perceived bulk and scale from the street. Targeting the owner-occupier, the project will have 19 three-bedroom apartments and just four four-bedroom apartments.

<a href="/new-apartments/wirra-neutral-bay"><img alt="" data-entity-type="" data-entity-uuid="" height="1136" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_4.15.03_pm.png" width="1938" /></a> 
A render of the proposed development at 96 Ben Boyd Road, Neutral Bay. Image credit: MHN Design Union.&nbsp;

“The proposal has been designed with careful consideration to the local character of Neutral Bay through its interpretation of materiality and form. The proposal achieves harmony with its neighbouring context in response to the provisions outlined in the North Sydney DCP,” MHN Design Union noted in their submission.

At the ground floor and level one a highly articulated sandstone base provides sheltered alcoves for residents, serving as outdoor spaces with view aspect whilst maintaining visual privacy from Ben Boyd Road.

The upper level apartments are made up of rendered concrete and off-white brickwork with projecting eaves creating a horizontal language whilst scalloped vertical walls achieve visual privacy.

Entering at the Southern boundary along Ben Boyd Road, residents descend into a naturalistic “sandstone gully”, expressed as a raw escarpment with extensive planting.

The ground floor sits below the natural ground level, providing a sense of enclosure and privacy from the street, while the split building form allows indirect light to penetrate throughout the courtyard.

The main courtyard transitions into expansive private courtyards for each residence. Large blocks of raw stone and native plants are dispersed throughout the quarried courtyard, creating an intimate connection to nature and celebrating the site’s geological heritage.

Neutral Bay is a prime inner-city residential area located on the waterfront of the lower North Shore. The suburb has a rich history and has been home to several industrial transformations, as well as being recognised as a site of Indigenous significance.

<a href="/new-apartments/wirra-neutral-bay"><img alt="" data-entity-type="" data-entity-uuid="" height="1238" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_4.15.35_pm.png" width="852" /></a> 
A render of inside the proposed development at 96 Ben Boyd Road, Neutral Bay. Image credit: MHN Design Union.

Forsyth Park is situated immediately to the West of the Site, which is within close proximity to Neutral Bay shopping precinct, Neutral Bay Wharf and North Sydney Business District.

With a highpoint of 95-metres above sea level, many sites have views across Sydney Harbour, including landmarks such as the Harbour Bridge and the Royal Botanical Gardens. An offering of small shops, community and school facilities are nearby for residents, while sitting just six kilometres from the Sydney CBD.

Podia is also behind a 25-apartment project, coined Premier Place, which is nearing completion just around the corner at 14-20 Premier Street.

The group have a number of projects in the pipeline across the Sydney metro, as well as a 41-apartment project in Byron Bay, with Podia acquiring the hotspot early last year for $18.55 million.

The proposal seeks to revitalise two existing residential buildings with one modern, architecturally designed flat building, which MHN Design Union said in their architectural statement, will complement its surrounding context and maximises amenity to all units.



Podia lodge plans for six-storey Neutral Bay apartment project

Buyers searching for greater space are increasingly looking to amalgamate adjoining apartments together as the pandemic continues to change the way people live.

While apartment demand in previous years was largely from investors, a jump in downsizers looking for larger spaces they can customise has seen a spate of amalgamated sales, according to Colliers Director of Residential and Project Sales Peter Kerras.

Kerras recently sold a one-bedroom and three-bedroom unit at NorthView Residences in St Leonards for $3.4 million. The one-bedroom unit on its own was difficult to sell due to the 48 sqm size. However, combined with the other larger unit, the 170 sqm total property was an attractive prospect for downsizers from Greenwich.

[smartcode_project:default project_id=22410 project_image_fid=196584]

On top of this, an Australian expat paid $3.635 million for an amalgamated one-bedroom and three- bedroom apartment at Bond in Bondi Junction.

&ldquo;Due to the absence of offshore foreign buyers, downsizers are now in the box seat to customise apartments and developers are happy to work with them,&rdquo; Kerras said.

&ldquo;The exponential increase in house prices across Sydney means they generally have more money to spend and the impact of covid has seen the demand for larger apartments skyrocket.&rdquo;

[smartcode_project:default project_id=94354 project_image_fid=170430]

&ldquo;Developers have to lodge plans a few years before going to market, meaning they are very dependent on what is in demand at the time. With offshore buyers extremely active in the market for smaller apartments in premium locations, plans were initially made to suit this,&rdquo; he added.

The emergence of the pandemic in 2019 changed this, as these buyers have taken a backseat, with downsizers and ex-pats far more active. As a result, plans are often too small for many current buyers and developers are adopting a more flexible approach to make sales.

Other similar sales have occurred at 111 Castlereagh in the CBD, The Heysen in Turramurra, Woolooware Bay and at East Side Quarter in Penrith, often resulting in record prices.

[smartcode_project:default project_id=94354 project_image_fid=170426]

Designed by award-winning architects fjmtstudio, 111 Castlereagh is the residential component of the $1 billion mixed-use development by Cbus Property.

&ldquo;Cbus Property is witnessing prospective purchasers&rsquo; growing appetite to customise and amalgamate our residences to meet their ever-changing needs,&quot;&nbsp;Cbus Property&rsquo;s Chief Executive Officer, Adrian Pozzo, said.&nbsp;

&quot;This has already been on our radar for some time &ndash; with the four residences in the soon-to-be-released Skyhome Collection at 111 Castlereagh in Sydney and a number of whole-floor residences at 17 Spring St in Melbourne, we have amalgamated several residences to suit purchasers&rsquo; needs in the past two years,&rdquo;&nbsp;

[smartcode_project_cta: project_id=94354]

Downsizers looking for a spacious home are often paying record prices for amalgamated apartments across Sydney.

Amalgamated apartment sales boom as cashed-up buyers search for more space

Prominent Australian homebuilders, Rawson Group, has announced it is diversifying its property offering, with the launch of a dedicated medium density division for upcoming projects across New South Wales.

Rawson Groups medium density division is set to deliver 340 new medium density dwellings over the next three years, as well as its first community development in Leppington in south-west Sydney.

The first project underway for the new division lands in south-west Sydney, a $20 million investment in Leppington for Rawson Group&rsquo;s new Tegel Park development, where 80 new residents will call home by mid-2023.

[smartcode_project:default project_id=112686 project_image_fid=196606]

The project offers a selection of 17 two-storey four-bedroom, three-bathroom family homes, competitively priced between $998,000 to $1.06 million, in addition to one five-bedroom, two-bathroom heritage house.

Leppington will also see construction a&nbsp;co-educational pre-K to year 12 Anglican school, Leppington Anglican College, construction of Willowdale Hotel, a brand new $8.5 million pub, two medical precincts within two-kilometres, and a $72 million new Woolworths&rsquo; Leppington Village Shopping Centre.

Rawson Group&#39;s new head of the division, Anthony Dalla Fontana,&nbsp;says the Tegel Park development in Leppington was first-class, and offered enviable amenities at an amazing price point.

[smartcode_project:default project_id=112686 project_image_fid=196604]

&ldquo;Tegel Park will be unique as all 18 homeowners will have access to their own private heritage park that will form the focal point of the community, creating a green oasis that encourages neighbourly interaction. Several of the site&rsquo;s charming original features have been retained, including the heritage palm trees that line the one-acre park and an existing cottage that&rsquo;s been transformed into a unique residence.&rdquo;

Rawson Group Managing Director, Nick Chandler, said the move for the business came at a crucial time for the Sydney housing market, with many priced out of owning properties in what some are calling a housing crisis.

&ldquo;Sydney is projected to need an additional 725,000 homes by 2036 to accommodate its growing population. Conditions are tough for home buyers with the sharp increase in cost of land, alarming increases in the cost of living, limited salary growth and rising interest rates. As a result, many buyers are considering medium density housing, such as terrace homes, as their entry point into the market as the cost for them to purchase a house and land package has become prohibitive.

[smartcode_project:default project_id=112686 project_image_fid=196608]

&ldquo;It&#39;s the great Australian dream of owning our own home and land, and we&rsquo;re extremely proud to be entering the market with our new offering. Rawson Group has put in extensive research into what first homeowners and investors are looking for, and we&rsquo;re excited to showcase what medium density housing can provide for a much friendlier and more affordable price point.&rdquo;

Tegel Park will offer the choice of two distinct double-storey home designs, each available in one of two floor plans, with the option to add a private guest suite, which can serve as a separate living zone and includes a discreet private porch.

The first stage is now selling in the Leppington project, with the first six homes currently on sale. The remaining 11 homes and heritage house are tipped to hit the market in June.

[smartcode_project_cta: project_id=112686]

The first project underway for the new division lands in south-west Sydney, a $20 million investment in Leppington for Rawson Group’s new Tegel Park development, where 80 new residents will call home by mid-2023.



Rawson Group diversifies offering across NSW with newly launched Medium Density Division

A DA approved mixed-use site is set to attract major interest from a range of parties after coming up for sale in Sydney&rsquo;s south-west.

The 890sqm property at 279-281 Belmore Road in Riverwood has an approved GFA of 3,443 sqm and unique approval for 33 apartments plus two retail shops.

The plans also come with 52 car spaces across three underground levels.

<a href="/new-apartments/279-281-belmore-road-riverwood"><img alt="" height="1240" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/279-281_belmore_road_riverwood_1.jpg" width="1754" /></a> 
Aerial shot of the location of the proposed development site at 279-281 Belmore Rd. Image supplied.&nbsp;

Located next to Riverwood Plaza, it comes with prominent 33m frontage to Belmore Road and B2 Local Centre planning, making it permissible for a range of users.

The property is exclusively listed with Trent Gallagher and Frank Oliveri from Colliers.

&ldquo;This is an extremely rare offering as it is both DA approved and within immediate proximity to Riverwood Train Station. The location is crucial as it is the gateway site into the Riverwood precinct,&rdquo; Gallagher said.

&ldquo;The approved DA adds another element to this property, as boutique development sites are in very high demand. We expect to receive strong interest that stems from the current strength of the residential market,&rdquo; Oliveri added.

The asset comes with a stable holding rental income of $82,637 per annum plus GST and is set to take advantage of an active owner-occupier purchasing market with strong population growth, on top of high rental demand, which also favours investors.

[smartcode_project_cta: project_id=6735]

The 890sqm property at 279-281 Belmore Road in Riverwood has an approved GFA of 3,443 sqm and unique approval for 33 apartments plus two retail shops.



Mixed-use site in Sydney’s south-west to draw major interest from developers 

The Croydon apartment development, L1ON Croydon in Sydney&#39;s inner west, has officially sold out.

Located at 1 Lion Street, Croydon, L1ON Croydon has 35 modern one, two and three-bedroom apartments across two buildings, behind a sleek fa&ccedil;ade designed by Benson McCormack Architects (BMA).

The project has been built and developed by construction veterans and renowned property developers Hone Constructions, who offer a unique combined approach to quality building with over 15 years of experience in the property industry.

Sydney&rsquo;s HAUS Agency sold out the project, which also features a number of two-level residences.

[smartcode_project:default project_id=95518 project_image_fid=191812]

&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; Alexander Vrisakis, HAUS Agency Director, said.

&ldquo;We&rsquo;re really excited to bring such a unique building to the market in Enfield, a location that many don&rsquo;t realise is an area on the flanks of Sydney&rsquo;s Inner West experiencing a sustained expansion in terms of both key transport and lifestyle advantages,&rdquo; said Vrisakis.

&ldquo;At the heart of this domain is Coronation Park, a new and innovative approach to sophisticated yet affordable urban style.&quot;

[smartcode_project:default project_id=95518 project_image_fid=191799]

L1ON Croydon apartments feature&nbsp;Fisher &amp; Paykel appliances,&nbsp;engineered European oak flooring, Caesarstone kitchen benchtops, bespoke blinds and LED lighting throughout.

HAUS Agency didn&#39;t start marketing the apartments until they were nearly completed, a strategy which&nbsp;HAUS Agency Director Sean Dowling said saw them see success.

&quot;It&rsquo;s rare to find such high-quality apartments that are untouched and available to purchase now, with every apartment completed and ready to inspect,&quot; Dowling said.

The majority of sales have been to first home buyers looking to get a foot on the property ladder, but also local owner occupiers looking for something new, post-COVID-19.

[smartcode_project_cta: project_id=95518]

Located at 1 Lion Street, Croydon, L1ON Croydon offers 35 modern residences across two buildings within a sleek façade designed by Benson McCormack Architects (BMA).



L1ON Croydon apartment sell out

Having recently completed their most recent Arncliffe apartment project, Belle Vue, local developer and construction firm Buildview Corp has lodged plans for its next project.

They&#39;ll be creating a 10-level development of 60 apartments at&nbsp;67-73 West Botany Street in Wolli Creek, just over a kilometre from Belle Vue.

They&#39;ve had Marchese Partners draw up the plans for the new $20 million project, which will see the development incorporate the Victorian-era heritage cottage on the site.

<a href="/new-apartments/67-73-west-botany-street-arncliffe"><img alt="" height="471" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-26_at_2.51.44_pm.png" width="530" /></a>

There will be&nbsp;16 one-bedroom apartments, 41 two-bedroom and three three-bedroom apartments, in addition to the heritage listed cottage which will be renovated as a three-bedroom dwelling.

Particular attention has been made to defining the relationship between the development and the heritage house, Marchese Partners note in their design statement.

&quot;A two-storey podium has been designed to be sympathetic in scale and materiality with the listed heritage cottage, enabling its appreciation and interpretation from the public domain,&quot; Marchese Partners noted.

&quot;The proposed tower is set well back from the eastern boundary of the site, so not to visually dominate the historic cottage.&quot;

A generous communal open space is located along the north and west boundaries. These dedicated zones are equipped with outdoor amenities for residents&rsquo; recreation, such as seating and barbeque areas.

<a href="/new-apartments/67-73-west-botany-street-arncliffe"><img alt="" height="415" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-26_at_2.50.21_pm.png" width="642" /></a>

Landscape features&nbsp;has been included in the private outdoor areas of the apartments located on the ground floor, &nbsp;while on the second floor, on top of the podium, planters are in place with hanging vegetation, surrounding the structure.

&ldquo;These landscaping features will bring a more subtle transition between the podium and the tower and provide a green aspect to the whole development when viewed from the street,&rdquo; Marchese submission read.

The site is conveniently close to recreational amenities including, the Cahill Park, the Kogarah Golf Club, shops and public transport.

Buildview recently completed Belle Vue, their modern Wolli Creek development of just 36 apartments.

[smartcode_project:default project_id=6821 project_image_fid=195117]

Designed by BKA Architecture, Belle Vue has a mix of studio, one, two and three-bedroom apartments, each with kitchens with SMEG appliances and Samsung air conditioning.

Select apartments have a balcony off the living space, and a study nook.

[smartcode_project_cta: project_id=6821]

 Marchese Partners has drawn up the plans for the new $20 million project, which will see the development incorporate the Victorian-era heritage cottage on the site.



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