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?

Sydney unit prices have recovered after the downward trend seen in 2019, according to the latest report by PRD Research.

Absorption of new and old listings has been very strong, it advised.

The inner ring 2021 median sale price sits at $1,050,000. It is $910,750 in the middle ring. The outer ring apartment median sits at $750,000.

The Sydney market update report divides the city into the inner-ring (0-5km from the city), middle ring (5-10km from the city) and outer-ring (10-20km from the city).

The middle ring saw the strongest price growth between 2017 - 2021 of 5.7% (+$48,750), just ahead of the outer ring&#39;s 5.6% growth (+$40,000).

[smartcode_project:default project_id=7758 project_image_fid=150461]

The inner ring price growth over the four years was 4% (+$40,000).

The inner ring saw the highest required vendor discount of 2%.

Sydney&rsquo;s inner-ring units have returned to selling faster than middle-ring units.

Despite a prolonged lockdown period in 2021, Sydney units are taking less time to sell in Q4 2021 compared to the initial COVID-19 lockdown in Q2 and Q3 2020.

[smartcode_project:default project_id=7758 project_image_fid=79424]

Sales volumes for established units in 2021 were well above the levels seen over the past three years. it added, noting the data was from APM Pricefinder, SQM Research, and ESRI ArcGIS.

Rental volume has decreased since the beginning of 2021 for both houses and units, indicating an undersupply, the report noted.

The inner median rental price sits at $595 per week after annual price growth of 8.2% ($45 per week).

The middle growth was 3.9% ($20 per week) to $530 per week.

[smartcode_project:default project_id=9187 project_image_fid=164856]

The outer median unit rental sits at $460 per week up 2.2% ($10 per week).

Due to median unit prices not seeing the same price growth in 2021 as houses, unit rental yields have increased in all Sydney rings.

Sydney&rsquo;s inner-ring recorded the highest rental yield and the highest growth.

The latest inner city apartment project announcement comes from property developer <a href="/news/nsw/dahuas-220-million-waterloo-apartment-precinct-plans">Dahua Group with plans for its major Waterloo precinct</a>.

The 1.7 hectare block, formerly an industrial site at 903-921 Bourke Street, Waterloo, will see four new buildings constructed, focused around a central plaza with retail and parks.

The tallest tower proposed with family-targeted terraces which address the park will have 147 apartments across its 20 levels.

Rental volume has decreased since the beginning of 2021 for units, indicating an undersupply, according to PRD Research

jchancellor-FAypfDUnLy

Inner Sydney apartment rentals on the rise: PRD Research

The Australian-owned and operated developer-builder, Deicorp, presents its exclusive collection of unique residences in The Petersham Precinct.

Two distinctly different apartment buildings, The Regent and The Siding, deliver a range of vibrant, architecturally-crafted apartments in the eclectic suburb of Petersham.

Situated at 7 Regent Street, The Regent blends perfectly within the streetscape with warm natural elements and contemporary brick fa&ccedil;ades.

[smartcode_project:default project_id=95886 project_image_fid=175184]

The development has been designed in collaboration between Candalepas Associates and Nordon Jago Architects, delivering a range of different spaces and configurations for a range of buyers.

The Petersham Precinct embraces truly sophisticated architecture with features including refined detailing, natural elements and flexible floorplans.

Residences also feature private outdoor terraces, set against a backdrop of lush, natural landscaping and stunning district views, taking alfresco dining to a new level.

&nbsp;

[smartcode_project:default project_id=95886 project_image_fid=175179]

Residents can host at one of the several distinct rooftop dining areas that provide expansive entertaining space.

The development offers corner cafes, pocket parks, rooftop terraces and a lush central lawn for both residents and locals to enjoy.

Located just six kilometres from the Sydney CBD, Petersham has been long-considered one of Sydney&rsquo;s hidden gems.

[smartcode_project:default project_id=95886 project_image_fid=175183]

Affectionately known as &lsquo;Little Portugal&rsquo;, Petersham boasts a range of foodie delights from freshly-baked Portuguese tarts to Portuguese chicken, tapas, and deli items.

The Regent&rsquo;s brand-new apartments will be ready for residents to move into this year.

[smartcode_project_cta: project_id=95886]

Two distinctly different buildings, The Regent and The Siding, deliver a range of vibrant, architecturally-crafted apartments in the eclectic suburb of Petersham

max.kwok_55688

The best of ‘Little Portugal’: A spotlight on Deicorp's The Regent, Petersham apartments

From its famous beaches to its vibrant nightlife offerings, Sydney’s Eastern suburbs have unsurprisingly seen continuing strong demand and strong increase in property values.

With apartments embraced by homebuyers in Sydney’s East, new off-the-plan units have become a popular and affordable alternative to the traditional home.

Urban takes a look at the top four apartments available for purchase in the East.

1. Young &amp; Fennelly, Randwick 
Developer: Cbus Property

[smartcode_project:default project_id=100684 project_image_fid=164623]

Young &amp; Fennelly, a new stage at Cbus Property’s Newmarket Residences, offers an exclusive collection of parkside terraces.

Designed by Bates Smart, the development features 127 residences, with two residences still available in three-bedroom configurations.

Offering a modern take on traditional terrace living, the double-storey homes feature entertainer kitchens with stone islands, panelled timber detailing and private central courtyards.

The site is set upon former stables, and draws upon a classic Art Deco aesthetic to draw upon Randwick’s established residential setting.

2. Marmont, Double Bay 
Developer: Fortis

[smartcode_project:default project_id=24706 project_image_fid=171076]

Nestled discreetly behind Double Bay’s main boulevard, New South Head Road, Marmont is a new collection of eight oversized two and three-bedroom apartments.

Delivered by Fortis and designed by MHNDUnion, the contemporary development features copper panelled exteriors and terrazzo lobbies.

Each level offers two residences that boast expansive interiors, engineered timber oak floorboards and bespoke joinery.

The homes also provide secure garage parking via a street-level driveway, private storage and secluded terraces.

3. Estelle, Bondi 
Developer: K2 Property Development Group

[smartcode_project:default project_id=7057 project_image_fid=28993]

Representing the sophisticated new face of Bondi, Estelle is a new collection of 14 bespoke one, two and three-bedroom apartments positioned amongst Sydney’s coastal East.

Designed by MHN Design Union and Lawless &amp; Meyerson, the development showcases a distinctive design that features landscaped common gardens, metallic façade and modern bay windows.

The surrounding gardens provide contrast against the bold material palette, while interiors feature floor-to-ceiling windows to frame the verdant views.

All residences feature security parking, convenient lift access and full-length balconies that capture sea breezes and offer private entertaining space.

4. Kew Bondi 
Developer: Positive Investment Enterprise

[smartcode_project:default project_id=21609 project_image_fid=64068]

Offering 15 apartments across four levels, Kew Bondi provides convenience and luxury at its Bondi Road address.

Delivered by Positive Investment Enterprise, each apartment features flexible floorplans, lofty living spaces and a North Bondi outlook with ocean views.

Residences have been designed by PBD Architects with high-quality fixtures and finishes. Buyers can also choose between a contemporary or urban colour scheme to add a personal touch.

Amongst the leafy surrounds of Bondi, Kew offers secure parking space with direct access to Bondi Road and Edward Street, as well as natural materials in its design.

With apartments embraced by homebuyers in Sydney’s East, new off-the-plan units have become a popular and affordable alternative to the traditional home

The top four apartments to buy in Sydney’s Eastern suburbs 

Sydney house prices continued their surge over&nbsp;January, with&nbsp;affordability issues continuing to plague prospective buyers in the city&rsquo;s inner suburbs. &nbsp;

Growing house prices are pushing more and more home buyers in to the apartment sector, with many looking at the value in off the plan apartments, with small deposits before completion, and room for value growth while the apartments are being developed.

Urban has had&nbsp;a look at the best off-the-plan apartments for sale in Sydney&rsquo;s inner-city suburbs.

<h2>1. Waterfall by Crown 
Developer: Crown Group</h2>

Positioned four kilometres east of the Sydney CBD, Waterfall by Crown Group is a collection of four towers inspired by the tropical landscapes of Indonesia.

The luxuriously appointed apartments include 331 residences in one, two and three-bedroom configurations.

[smartcode_project:default project_id=5763 project_image_fid=182359]

The ground-breaking new development delivers a sophisticated, resort-style residence to Waterloo, offering a balance of luxury, nature and beauty.

Designed by SJB Architects, the development features an internal lagoon, lush rooftop escape, tropical bamboo walk, and a 22-metre waterfall.

<h2>2. Alex Collective 
Developer: Ceerose</h2>

In the neighbouring suburb of Alexandria, Ceerose is delivering a collection of 163 one, two and three-bedroom apartments at Alex Collective.

&quot;Alexandria has always been a highly sought-after location with its unique terraces, warehouse-style apartments and heritage homes in a historic industrial-aged setting&rdquo;, said director of residential at Colliers, David McMahon.

[smartcode_project:default project_id=29785 project_image_fid=91570]

Designed by Andrew Burns Architecture, each apartment boasts floor-to-ceiling storage, bay windows and a balcony fringed by greenery.

The homes also feature concrete-inspired stone benchtops, sandstone-coloured joinery and integrated appliances.

<h2>3. Mastery by Crown 
Developer: Crown Group</h2>

Not far from Crown&rsquo;s other development, Mastery by Crown Group delivers a new cluster of five newly completed buildings in Green Square.

Set to become Australia&rsquo;s first Japanese-themed residential community, the development will feature 368 luxury apartments and a 2,175sqm retail precinct, which will home 27 stores and a new Japanese eat street.

[smartcode_project:default project_id=7020 project_image_fid=25155]

Mastery is the last council-permitted tower for the area, meaning that this is an exclusive opportunity to secure views that will be impossible to replicate in Waterloo with existing zoning rules.

Inspired by the interplay of light, hikari, and shadow, kage, each interior features modern and sophisticated fittings and furnishings designed to enrich residents&rsquo; health and happiness in a Zen manner.

<h2>4. Surry Hills Village 
Developer: TOGA</h2>

Aligning with the City of Sydney&rsquo;s strategy of transforming inner-city urban precincts, Surry Hills Village will deliver the regeneration of a 1.2-hectare site to meet the needs of locals and visitors.

Designed by Iain Halliday and BKH, the masterplanned community will feature 122 apartments and a 102-room hotel, as well as 12,000sqm of commercial and retail spaces, featuring a Coles supermarket, specialty retail and parking for retail customers.

[smartcode_project:default project_id=9302 project_image_fid=188219]

Surry Hills Village was designed by SJB Architects, built to incorporate outdoor spaces, balconies and landscaped gardens.

Complementing the quality private open space, residential communal spaces will include walled gardens, barbecue courtyards and rooftop gardens.

<h2>5. The Frederick 
Developer: Mirvac</h2>

Rising 23 storeys at Green Square, The Frederick is Mirvac&rsquo;s latest stage at its Green Square development.

Offering a range of one, two and three-bedroom apartments, the development features family-sized residences, hotel-like amenities and views across the Sydney city skyline.

[smartcode_project:default project_id=109956 project_image_fid=186237]

Designed by Smart Design Studio and Mirvac Design, its fa&ccedil;ade features a striking curvilinear form that is punctuated by illuminated elements.

Positioned at the gateway to Sydney&rsquo;s sought-after Green Square Town Centre, these residences are located amongst an exciting cosmopolitan playground, which includes parklands, civic plaza and convenient transport offerings.

Urban takes a look at the best off-the-plan apartments for sale in Sydney’s inner-city suburbs. 

The top five apartments for sale in Sydney's inner-city suburbs 

Further development is anticipated in Castle Hill&#39;s growing Showground Station Precinct, in the Hills District west of Sydney.

The local developer will be clearing the site at&nbsp;7-23 Cadman Crescent and 18-24 Hughes Avenue and&nbsp;constructing five buildings with 255 apartments, centred around a courtyard with extensive landscaping, greenery, and a natural pool with waterfall.

MHNDU associate Amanda Stollery took the lead of the design of the Cadman Crescent project,&nbsp;noting in the design verification statement that the&nbsp;proposal seeks to provide a seamlessly integrated residential community facilitating population growth in areas of transition.

<a href="/new-apartments/7-23-cadman-crescent-castle-hill">To track the application through to sales, click here.</a>

<a href="/new-apartments/7-23-cadman-crescent-castle-hill"><img alt="" height="932" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/castle_hill_mhndu.jpg" width="1200" /></a> 
The proposed development with red-toned brick. Image credit: MHNDU

&quot;Situated in a revitalising precinct, this proposal seeks to provide a seamlessly integrated residential community facilitating population growth in areas of transition and high density,&quot; the statement read.

Stollery said the vision was to create a place that resonates with the history of the site and reinforce the character the neighbourhood.

&quot;The concept to extend Cattai Creek into the site, along with a heavily vegetated Australian landscape, strongly influence the design.

<a href="/new-apartments/7-23-cadman-crescent-castle-hill">To track the application through to sales, click here.</a>

<a href="/new-apartments/7-23-cadman-crescent-castle-hill"><img alt="" height="913" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/castle_hill_mhndu_3.jpg" width="1200" /></a> 
The central natural pool with waterfall. Image credit: MHNDU

&nbsp;

&quot;The buildings step along the inclined typography and are further setback at the upper levels, mitigating perceived bulk when viewed from street level.&quot;

&quot;The solidity of sandstone and red-toned brick take cues from the natural Australian landscape inherent to this site and surrounds, to embed the base layers of the building to its context.&quot;

<a href="/new-apartments/7-23-cadman-crescent-castle-hill"><img alt="" height="913" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/castle_hill_mhndu_2.jpg" width="1200" /></a> 
The central landscaped courtyard. Image credit: MHNDU

&nbsp;

There will be a mix of 64 one-bedroom apartments, 138 two-bedders and 53 three-bedroom apartments.&nbsp;

The 12,000 sqm site is around 650 metres south of the Showground Metro Station. Part of the plans are for retail at the foot of building D.

<a href="/new-apartments/7-23-cadman-crescent-castle-hill">To track the application through to sales, click here.</a>

The 12,000 sqm site is around 650 metres south of the Showground Metro Station. Part of the plans are for retail at the foot of building D.

Castle Hill set for $94 million apartment development in the Showground Station Precinct

The national property developer Dahua Group has revealed plans for its major Waterloo precinct.

The plans for the 1.7 hectare block, formerly an industrial site&nbsp;at 903-921 Bourke Street, Waterloo, will see four new buildings constructed, focused around a central plaza with retail and parks.

Two buildings will flank Bourke Street, one being the tallest tower proposed. Described as a stepped tower with family-targeted terraces which address the park, the building will have 147 apartments across its 20 levels.

Next door will be a six-storey plaza building with 26 apartments, defined as "quirky" by Bates Smart and Richards and Spence, who worked in collaboration on the tower and the plaza.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">To track the project through to sales, enquire here</a>

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017"><img alt="" data-entity-type="" data-entity-uuid="" height="1072" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-02_at_8.46.27_am.png" width="1542" /></a>

"The quirky 6-storey plaza building defines the heritage square, with clear reference to the industrial brick buildings of the past," the team noted in their design statement.

There will be a further two buildings facing Young Street, designed by architect Fieldwork&nbsp;in collaboration with MHNDU. They will have a combined 202&nbsp;apartments, taking the total number of apartments across the precinct to 375 apartments.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">To track the project through to sales, enquire here</a>

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017"><img alt="" data-entity-type="" data-entity-uuid="" height="1160" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-02_at_8.01.25_am.png" width="1480" /></a>

At the foot of the two Young St buildings will have fit out tenancy's for another for cafe or restaurant tenancy.

Dahua will retain two heritage buildings in the centre of the site, the 1922 Pumping Station and the 1935 Valve House.

"The Pumphouse is a convergence of geology and water, tracks and narratives, indigenous and non-indigenous peoples and cultures across the site," the submission to the City of Sydney noted.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">To track the project through to sales, enquire here</a>

"It sees the transformation of a disused water precinct into a rich, active mixed-use proposition - where water continues to play an important role in recasting the identity of the precinct.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017"><img alt="" data-entity-type="" data-entity-uuid="" height="938" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-02_at_8.02.32_am.png" width="1090" /></a>

""At the heart of the proposal is a green oasis and oculus connection between a public ground plane, and a semi-public landscape terrace that serves the precincts residents.

"This oculus is designed to be populated on the ground plane with lively hospitality dining, and a visual connection back to the site’s heritage plaza."

There were 2020 plans submitted by Dahua which would have seen higher density towers built, with 469 apartments across four buildings.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">To track the project through to sales, enquire here</a>

The plans for the 1.7 hectare block at 903-921 Bourke Street, Waterloo will see four new buildings constructed, focused around a central plaza with retail and parks.

Dahua's $220 million Waterloo apartment precinct plans

Suttons City the longtime Rosebery dealership yard has been sold for an undisclosed sum apartment development.

The 4.45 ha site will close its doors on 30 June 2022 after opening 28 years ago, with the decision prompted by developer enthusiasm and rising land tax.

The annual land tax bills has been estimated to be close to $5 million making the property "unviable for new-car sales," according to the motoring website, Drive.

The identity of the property developer was not disclosed, however Drive noted the location is surrounded by Meriton apartments, it added.

The Australian has reported Meriton paid $300m plus.

Urban understands there was a put and call option taken last November.

The car yard is one of Australia’s largest dealership sites having showrooms for 12 major automotive brands.

Suttons City comes with 92 workshop bays on the site, servicing up to 350 cars daily. 

It opened as a standalone Holden dealership after the Suttons bought the land from GMH.

The Sutton family have operated car dealerships since 1943.

The dealership site will close its doors on 30 June 2022 

Suttons Holden dealership Rosebery site sold for Meriton apartment redevelopment

Construction has commenced on Sekisui&rsquo;s latest development, Lumia, in Sydney&rsquo;s Norwest masterplanned community, The Orchards.

Teaming up with Growthbuilt, Lumia will form the third stage of the masterplanned community, designed by the award-winning architecture firm Turner Studio.

Over 65 per cent of the apartments on offer in phase one of Lumia have already sold. Phase one comprises 203 contemporary apartments, comprising a mix of 71 one-bedders, 118 two-bedders, 13 three-bedders and one four-bedroom penthouse.

A total of 330 units will be released following the completion of the development.

Hide Seguchi, CEO &amp; Managing Director at Sekisui House Australia, said the&nbsp;outlining Sekisui House&rsquo;s vision for The Orchards and the way Turner embraced the symbiotic relationship with nature.

[smartcode_project:default project_id=111509 project_image_fid=189525]

&ldquo;Sekisui House&rsquo;s vision for The Orchards is to create a sustainable and prosperous community, a place where people want to live, work and enjoy their lives.&rdquo; &nbsp;

The collaboration with Growthbuilt continues after the success of their partnership for Aire - a development released in stage two of The Orchards.

&ldquo;The team continues to work closely with us on our shared vision for The Orchards and is set to deliver an excellent outcome for Lumia. More than 800 direct and indirect jobs will be created during Lumia&rsquo;s construction phase, which will further invigorate the New South Wales economy,&rdquo; said George Gesouras, Project Director at Sekisui House Australia.

[smartcode_project:default project_id=111509 project_image_fid=189524]

A key feature of Lumia is the outdoor pool and pavilion, which is equipped with a collection of communal and intimate dining and lounge areas that overlook the pool and adjoining park.

An energy generation system has been outlined in the plans also, which includes solar paneling and a hot water plant.

[smartcode_project:default project_id=111509 project_image_fid=189524]

Due to the popularity and success of phase one, Sekisui House is bringing the launch of phase two forward to early 2022.

The Orchards features a mix&nbsp;apartments within its masterplanned community spread across 8.1 hectares.

Designed by Turner architects, the masterplan is spread across seven stages with the dwellings comprising a mix of six, seven, nine and 13-storey buildings.

When completed the community will comprise 1300 apartments. 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_cta: project_id=111509]

Teaming up with Growthbuilt, Lumia will form the third stage of the masterplanned community, designed by the award-winning architecture firm Turner Studio.

Sekisui House start construction on Lumia in The Orchards, the Norwest masterplanned community

Sydney developers are building office and residential towers as the North Sydney CBD prepares for the opening of its new Metro station

The new wave in development is set to pivot the precinct into a key apartment hub for the first time.

Aqualand&rsquo;s $1bn development, Aura has seen strong sales since its launch last December.

Leveraging off the success of nearby Blue at Milsons Point, Aqualand is building a 386-apartment tower on its 168 Walker St site, located near North Sydney Oval.

It&#39;s a Woods Bagot design, with interiors by Richards Stanisich.

[smartcode_project:default project_id=30959 project_image_fid=181044]

Its three bedroom apartments were the most popular among buyers, starting at $3 million with owner occupiers and a sprinkling of investors.

Melbourne-based Cbus Property is advancing its project plans, having partnered with Neil Werrett&rsquo;s Galileo on East Walker St, North Sydney.

The 4000sq m amalgamation of seven residential sites is located within North Sydney Council&rsquo;s Ward Street Precinct, a masterplan initiative intended to stimulate the northern end of North Sydney&rsquo;s CBD.

[smartcode_project:default project_id=30959 project_image_fid=181049]

The site at 173-179 Walker Street and 11-17 Hampden Street, North Sydney is among the opportunities emerging from the decision to proceed with Victoria Cross Metro station, which opens in 2024.

Cbus plan to develop high-end owner-occupier residences with views across the harbour.

FJMT Studio has been appointed to design the project which pending approval, will see demolition and excavation next year.

[smartcode_project:default project_id=30959 project_image_fid=181048]

Its construction is anticipated to commence in 2023 with completion in 2026.

Cbus and Galileo purchased the site for around $150 million from property developer Avenor, which had spent several years amalgamating the site.

The site include five residential flat buildings each of three to four storeys and two single dwelling houses.

The Avenor development application indicated increased residential densities would increase the demand for retail and commercial services, increasing the economic viability and vibrancy of North Sydney. The planning proposal was initially assessed by the Sydney North Planning Panel in 2017/2018 and deemed by the panel to have strategic merit.

Developers took a look at the 167-room The Rydges North Sydney Hotel, which was listed for sale at 54 McLaren St, but yet to find a buyer.

The hotel occupies a 2549sq m freehold site in North Sydney.

The Sydney Metro rail development will see the commute from Victoria Cross Station in North Sydney to Barangaroo in Sydney&rsquo;s CBD just three minutes.

The fresh wave of office projects in North Sydney has seen Sydney&#39;s fast-growing second CBD set accommodate a further 20,000 workers by 2036.

Heavy government and private investment in North Sydney is planned with 19 key projects that will see over 17,000sqm of new parks and plazas, creating a new network of laneways, and improving pedestrian safety and amenity.

The initial $3.2 billion wave of office development included Suntech REIT&rsquo;s 177 Pacific Highway, Winten Property Group&rsquo;s 1 Denison Street and Dexus&rsquo; 100 Mount Street towers.

Now a further $2.9 billion of projects include Lendlease&rsquo;s Victoria Cross tower and Billbergia&rsquo;s office-hotel development at 88 Walker.

It has been noted strata dwellings within the North Sydney LGA provide a more affordable option for its residents and key workers.&nbsp;

The Avenor application noted the median strata price was 109% lower than the median price of non-strata dwellings in the LGA.

The Department of Planning and Environment (DP&amp;E) project the need for an additional 11,450 dwelling for the LGA over the next 20 years from 2016, equating to a target of 573 new dwellings per annum in the LGA.

Of this growth in households, 51% or 5,350 households is attributed to lone person households, while 23% and 12% is attributed to couples without dependents and couples without dependents, respectively.

Aqualand’s $1bn development, Aura has seen strong sales since its launch last year


North Sydney's CBD renewal will see pivot to apartments as Metro station nears

Western Sydney buyers are enjoying a brand-new development positioned in the heart of Mount Druitt at GLP Development&rsquo;s latest residential project, No1 Zoe.

The Zoe Place residence features 268 residences in one, two and three-bedroom configurations, as well as a street-front retail centre, accessible by lift.

Mount Druitt is not just for locals. Many buyers are recognising the investment opportunities present in the area, with the $53 million Westfield redevelopment and the construction of the Western Sydney International Airport 15 minutes away.

[smartcode_project:default project_id=6726 project_image_fid=184437]

Surrounded by everything you need from retail and dining to transport, recreation and education, the development will find itself at the centre of a bustling lifestyle hub.

No1 Zoe has been carefully curated to achieve a feeling of timelessness, elegance and serenity.

The project encompasses three 12-storey residential towers, designed in collaboration between Brooks Projects Architects and interior designers Jackson Teece.

[smartcode_project:default project_id=6726 project_image_fid=184434]

The residences are spacious, with large balconies and floor-to-ceiling windows that maximise natural light while framing views to the Blue Mountains to the west and the city skyline to the east.

All apartments feature engineered timber floors, beech cabinetry, engineered quartz stone benchtops and premium Bosch appliances.

Suited to its urban location, homes include earthy shades that add warmth and bespoke detailing that creates a relaxed space.

[smartcode_project:default project_id=6726 project_image_fid=184433]

Two and three-bedroom apartments include a bath in the master ensuite, while all bathrooms include backlit mirrors, chrome tapware by Eago and overhead heating lamps.

Just moments from Westfields Mt Druitt, West HQ, Good Luck Plaza, Mt Druitt Railway Station &amp; bus depot, a range of educational institutions, No1 Zoe is where luxury and convenience fuse.

[smartcode_project_cta: project_id=6726]

Western Sydney buyers are enjoying a brand-new development positioned in the heart of Mount Druitt at GLP Development’s latest residential project, No1 Zoe.

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