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?

A $5.18 million resale in the <a href="/developers/mirvac">Mirvac-built Milsons Point Latitude</a> complex topped the nation&#39;s weekend apartment auction list.

The sale was a three bedroom two bathroom offering.

The 302/55 Lavender Street apartment was sold by the Morton Agency with views over the city and harbour.

There was level lift access to a security car space and lock-up storage.

The complex has amenities including a pool, spa, sauna and gym within short walking distance to <a href="/developments/north-sydney-nsw">North Sydney</a>&#39;s CBD, Kirribilli restaurants/cafes and Lavender Bay&#39;s foreshore walks.

It last sold in 2008 at $2,690,000. It was first sold in 2005 at $1,899,900.

It was advertised as a $1900 a week rental in 2019, according to CoreLogic, having been a $1995 rental in 2016.&nbsp;

More recent Milsons Point apartment projects include Aqualuna by Ceerose and Blue by Aqualand.

[smartcode_project:default project_id=7135 project_image_fid=25193]

A three level townhouse at 13/8 Water Street, Birchgrove with water views over the marina through to Cockatoo Island was Sydney&#39;s next priciest sale over the past week at $4,008,000.

It came with a whole floor master suite with ensuite, balcony and robes.

There was lift access to all levels.

It last sold in 2015 at $3 million having been first sold by Greencliff in 2000 at $1,420,000.

Sydney&#39;s third highest sale over the past week was $3,985,000 when the three bedroom penthouse at 1306/1 Francis Street, Darlinghurst sold.

Close to Hyde Park, it came with views over the city and harbour.

[smartcode_project:default project_id=22019 project_image_fid=80658]

It was the penthouse in the acclaimed Marchese &amp; Partners designed Lumina by Harrington Properties.

It featured a 83sqm rooftop terrace.

The three bedrooms came with two car spaces plus storage.

Domain reported the auction saw competition from four of the seven registered bidders pushing the price $685,000 above the reserve.

It was sold to a couple, recently returned from Singapore through Guido Scatizzi, of BresicWhitney having last traded for $1.6 million in 2008.

It had first sold at $1.3 million in 2003.

The apartmemnt had been advertised as a $1400 a week rental in May last year, according to CoreLogic. It &nbsp;had previously been a $1600 a week offering between2013 and 2018.

CoreLogic put the Sydney apartment auction clearance rate at 63 percent, just one percent down on the 64 percent success rate for houses.

There were 494 auction apartment offerings.

[smartcode_project:default project_id=5770 project_image_fid=24110]

The 302/55 Lavender Street apartment was sold by the Morton Agency with views over the city and harbour.

jchancellor-FAypfDUnLy

Mirvac-built Latitude, Milsons Point resale tops Sydney's priciest apartment auction list

Deicorp, Helm and Ultra Building are the first developers and builders in NSW to complete the Equifax Independent Construction Industry Rating Tool (iCIRT) and achieve the benchmark to be deemed “trustworthy”.

Minister for Better Regulation and Innovation Kevin Anderson said having these first rated property industry players marked a new era of transparency for NSW apartment buyers.

“Our building reforms have focused on lifting standards and rebuilding public confidence in the residential apartment industry and our rating system is the ultimate embodiment of that goal,” Mr Anderson said.

“Ratings are a game changer. Consumers in NSW will now have the benefit of an independent assessment that lets them find a trusted, rated developer who has shown they have the capital, experience and capability to deliver a quality apartment,” he said.

[smartcode_project:default project_id=29984 project_image_fid=170448]

iCIRT leverages from Equifax’s global expertise as a regulated ratings agency, using data to be able to evaluate the risk of a developer’s business and practice by looking at aspects such as their track record, capital, risk management and ownership structure. The ratings will be listed on an online register and developers will display their ratings on sales brochures.

“The reality is there are a few bad apples spoiling the bunch," Anderson noted.

"Ratings allow customers to spot them before picking them off the tree. As we roll out more and more ratings we will deliver a fatal blow to developers and builders who engage in phoenixing or turn out defective work,” Mr Anderson said. “I congratulate Deicorp, Helm and Ultra Building for taking the lead, and there are many others not far behind them. By March next year we expect to have close to 50 players rated.”

[smartcode_project:default project_id=100689 project_image_fid=180612]

The CEO of the Urban Development Institute of Australia NSW Steve Mann said he was proud of the industry’s response to ratings. “This is a huge leap forward for NSW developers, who are delivering great apartment products,” Mr Mann said. “As we re-establish construction momentum off the back of COVID delays and push hard on delivering more apartments to the market to meet demand, ratings will help customers gain confidence when they buy new properties off-the-plan.”

Executive Office of Owners Corporation Network Karen Stiles said this game changing tool will give buyers in NSW real choice of who to engage with. “The ratings will give consumers the power of choice when considering a new development, which will have a big impact on purchasing decisions,” Mrs Stiles said. “With 623 apartments already rated as part of the program, it won’t be long until buyers entering the market can do so knowing exactly who they are dealing with.”

[smartcode_project:default project_id=84752]

The ratings initiative forms part of the NSW Government’s Construct NSW transformation strategy to rebuild public confidence in residential construction. It will be key to the Government’s plan to introduce Decennial Liability Insurance, a special type of insurance taken out by the developer to guarantee against major defects for up to 10 years, which is not currently available in Australia. More information on the strategy can be found at https://www.nsw.gov.au/building-commissioner.

The ratings initiative forms part of the NSW Government’s Construct NSW transformation strategy to rebuild public confidence in residential construction

Deicorp, Helm and Ultra Building secure NSW iCIRT trustworthiness rating

Bigger balconies and more storage space in new apartment blocks have been proposed by the NSW Planning Minister Rob Stokes.

The draft regulations — officially known as the Design and Place State Environmental Planning Policy (SEPP) — are open for comment until February 28, with the government aiming to have them in place by the end of next year.

The draft Design and Place State Environmental Planning Policy (SEPP) includes updates to the Apartment Design Guide, The Building Sustainability Index (BASIX), a new Urban Development Guide and Design Review Manual.
 
The draft SEPP is on public exhibition from 10 December 2021 until 28 February 2022.

NSW Government architect Abbie Galvin said the proposed changes to apartment and urban design guides have responded to changes in how people are using their homes.

“During the pandemic we’ve seen our homes and apartments become schools, offices and gyms and many of us have enjoyed walking or cycling more in our neighbourhoods,” she said.

“This timely policy seeks to reflect our new way of living.”

Beauty and quality would be brought to the forefront of planning under a proposed policy that puts heathier communities, housing choice, cooler and walkable suburbs and sustainable development at its heart, Rob Stokes said.

He said the draft Design and Place SEPP would deliver "NSW’s first comprehensive design policy."

“This policy will allow designers to think outside the box and support innovation and creativity when building new homes, suburbs and cities. 

"Great places aren’t always the product of rules and regulation, they are the result of place based design that puts communities at their heart,” Mr Stokes said.  
 
“This principles-based policy is an important step in defining what matters and how through good processes and wiser decision making we can build a beautiful and prosperous future.”
 
Key benefits of the draft Design and Place SEPP include:
·       Greater housing diversity and choice, including provisions for flexible layouts for families, space to work or study, adequate sunlight, more storage and usable balconies
·       Homes that are more comfortable in both winter and summer and are cost effective to heat and cool
·       More, and better quality parks within reach no matter if you live in an apartment or new greenfield suburb
·       Greater permeability in new subdivisions that make it easier to walk or cycle to key destinations
·       Beautiful and productive high streets and centres that are better for business
·       Commercial buildings that operate at net zero, from day one of coming online.
 
For further information on the Design and Place SEPP and to provide feedback visit planning.nsw.gov.au/design-and-place-sepp 

and to join a public webinar featuring the NSW Government Architect, Abbie Galvin and members of the team, providing an overview of changes to the Apartment Design Guide. You can register to attend virtually on the event registration page https://events-apac1.adobeconnect.com/content/connect/c1/1892064813/en/events/event/shared/default_template/event_landing.html?sco-id=2521151947&_charset_=utf-8

NSW Government architect Abbie Galvin said the proposed changes to apartment design guidelines responded to changes in how people are using their homes

More balconies, storage and studies under draft NSW apartment design guidelines

Demand has soared at AURA, Aqualand's $1 billion North Sydney mixed-use tower, with 70 per cent of the first stage already sold.

Local downsizers have been the keenest of buyers so far in the luxury tower, with three-bedroom apartments priced from $3 million proving the most popular as house prices skyrocket across the state.

Two of the sub penthouses sold for $8 million and $8.15 million, with one of the penthouses selling to a local Mosman downsizer.

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=184943]

The attraction for the majority of buyers was the mixed of being in a leafy residential location, near North Sydney Oval, while also being aware of all of the transformation of the suburb with extensive investment planned.

Heavy government and private investment in North Sydney has been laid out,&nbsp;with 19 key projects to reinforce Miller Street as the civic spine of North Sydney, delivering over 17,000 sqm of new parks and plazas, creating a new network of laneways, and improving pedestrian safety and amenity.

The closure of Miller Street to cars will open a 7,450 sqm public plaza outside the Metro Station and a new smaller plaza outside the post office.

Plans are in place to turn the tramway viaduct into a large active recreation space and new laneways running between buildings and spaces will create hidden pockets of North Sydney, with&nbsp;new cafes and bars and walking trails.

[smartcode_project:default project_id=30959 project_image_fid=181068]

The new Sydney Metro Victoria Cross station, adjacent to AURA, adds another transportation option to the number of trains, buses, ferries, pedestrian and cycling paths at its doorstep, in addition to the freeways in each direction.

Barangaroo is accessible by train in just three minutes.

AURA, at 168 Walker Street, has been designed by award-winning architects Woods Bagot and Richards Stanisich with views overlooking Sydney Harbour, Sydney CBD and North Sydney Oval top of the design thinking.

Apartments feature a simple&nbsp;palette of white marble as a backdrop for the of natural light that comes in through floor-to-ceiling windows, augmented by mirrored surfaces, glazed walls and translucent screens. Residents can choose from three&nbsp;colour schemes—dark, mid, and light.

[smartcode_project:default project_id=30959 project_image_fid=181048]

Marble benchtops anchor kitchen spaces, while marble flooring sits below tall mirrors with dark bronze powder-coated framing in the bathrooms.&nbsp;The bathrooms&nbsp;also feature&nbsp;highest standard in materials—from toughened fluted glass to premium tiling and marble.

All apartments offer an open space living to winter gardens, while apartments feature a multi-functional room that facilitates use as a secondary living area, an office, or bedroom.

Aqualand has also just launched its new hospitality arm, Etymon Projects, incorporating a dedicated, world-class concierge service designed to create a 360-degree lifestyle development offering with exceptional service.

Aqualand’s vision is to bring the 5-star hotel experience to its developments by combining traditional concierge services with lifestyle management for the first time.

[smartcode_project:default project_id=30959 project_image_fid=181066]

The new service takes its lead from New York, China, Singapore and Hong Kong luxury apartment living, where applying hotel services and a hospitality ethos to homes isn’t new. In addition,&nbsp;Etymon Project’s next-level The Club will custom-fit its services to fit individual lifestyles.

Options will include Home Management (grocery put away, coordinating tradespeople, watering plants and vehicle maintenance) and Home Event Planning (dinner parties, children’s birthdays and more).

Etymon Projects will also manage a providore, artisan bakery, casual diner and a contemporary Japanese eatery in AURA’s vibrant culinary precinct, acting as an extension to residents&nbsp;apartments and a social anchor for the local community.

[smartcode_project_cta: project_id=30959]

The attraction for the majority of buyers was the mixed of being in a leafy residential location, near North Sydney Oval, while also being aware of all of the transformation of the suburb with extensive investment planned

Downsizer's drive stage one of Aqualand's $1 billion North Sydney apartment tower AURA to 70% sold

The ASX-listed property developer, Mirvac, has submitted plans for its Hills Shire masterplanned community.

Coonara by Mirvac, in West Pennant Hills, will see 418 dwellings created across the near 26-hectare block of land bordering the Cumberland State Forest. Around 10 hectares of remnant bushland will be dedicated to the Stage Government as public open space.

There will be four apartment buildings, and the rest of the residences townhouses.

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

"The concept plan for 55 Coonara Avenue adopts a country-centred approach, underpinned by the preservation and regeneration of vast areas of native forest for the benefit of all living beings," Mirvac noted in their submission to the Hills Shire Council.

"By prioritising the natural environment, the result is a compelling new housing typology and development that will be unprecedented in this local government area.

<img alt="" data-entity-type="" data-entity-uuid="" height="730" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mirvac_aerial_main.jpg" width="1200" /> 
An aerial of the proposed masterplan. Image credit: Mirvac

"It intends to set a new benchmark in socially and environmentally sustainable residential development."

It's been a six&nbsp;year process for the Mirvac Design team to get to this point.&nbsp;

Feedback from the&nbsp;2019 planning proposal exhibition process has seen Mirvac pivot away from the higher density living, with concerns raised of the number of apartment&nbsp;buildings when there were nine planned.

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

Dwelling numbers were also reduced from the 2020 rezoning, down 30 per cent from a permissable 600 to 418. Mirvac also increased the average and&nbsp;minimum lot size, from 86 sqm&nbsp;permissible to a minimum range of 150 sqm&nbsp;to 500 sqm.

<img alt="" data-entity-type="" data-entity-uuid="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mirvac_townhouses.jpg" width="1200" /> 
Three views of the proposed masterplan. Image credit: Mirvac

The design response of the masterplanned community&nbsp;sought to capture the natural character of the remnant forest.

"Public spaces, streets and buildings are inspired by the idea of living in harmony with nature.

"The proposed design will have a distinct and contextual expression, one that is not urban nor suburban but specific to its unique context."

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

Houses will terrace across the topography, and will be integrated with surrounding parks and forest areas. There will be a mix of two to three-storey dwellings, with a range of floor plans catering for larger families and multigenerational living.

"The architectural expression of the apartment buildings is inspired by the idea of tree-house living, where the overall built form is broken down into a series of smaller, seemingly random, yet complimentary architectural elements echoing the organic order of nature."

Mirvac suggest the configuration mix of apartments addresses a notable gap in the current housing supply at West Pennant Hills.

<img alt="" data-entity-type="" data-entity-uuid="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coonera_by_mirvac_apartments.jpg" width="1200" /> 
Four perspectives of the proposed apartment buildings. Image credit: Mirvac

Around 1,045 residents will call Coonara by Mirvac home when it is completed. The apartments are set to be the last stage.

Currently a redundant and obsolete business park, it will be the first time in around a century that the natural forest environment will be publicly accessible to the community.

"The concept plan seeks to extend the experience of the forest from the edges of the site into the heart of the development, and on to the doorstep of future residents and the local community," Mirvac added.

<a href="/new-apartments/55-coonara-avenue-by-mirvac-apartments-55-coonara-avenue-west-pennant-hills">To be the first to be notified about the next stage of this development, enquire here.</a>

"The beauty and importance of the remnant native bushland with Blue Gum High Forest and Sydney Turpentine Ironbark Forest is paramount.

"The protection of this precious environment through a sensitive and design-led approach will ensure the distinct qualities of this remarkable place will be protected and enjoyed in perpetuity by all living being."

"By prioritising the natural environment, the result is a compelling new housing typology and development that will be unprecedented in this local government area."

Mirvac lodge concept plans for Coonara by Mirvac, Hills District masterplan 

It&#39;s been over seven years since Iris Capital first earmarked what will likely be one of the most impressive redevelopments in the affluent harbourside suburb of Potts Point.

Iris Capital, led by the local hotelier and developer Sam Arnaout, has slowly amalgamated a larger site, including Potts Point institutions&nbsp;the Bourbon and Beefsteak pub and Les Girls nightclub, to create an ideally located 2,500 sqm from 18-32 Darlinghurst Road, at the top of Macleay Street.

Now Iris are set to launch the $350 million redevelopment, which will see 48 apartments, not including a handful of penthouses with private pools, spread&nbsp;apartments across five buildings, each with their own art-deco identity. The buildings will be known as Sovereign, Regent, Consort, Monarch and Empress.

[smartcode_project:default project_id=5570 project_image_fid=185765]

The development application&nbsp;went before the City of Sydney council in 2018, before being approved earlier this year.

&ldquo;I have long been a big believer in this pocket of Potts Point, and the Queensgate vision is one which we have been working incredibly hard at for some time now,&rdquo;&nbsp;Arnaout said.

[smartcode_project:default project_id=5570 project_image_fid=180676]

&ldquo;Breathing new life into key destinations with high quality redevelopment is one of the hallmarks of Iris Capital and we are extremely eager to see this unique revitalisation come to fruition in the coming months.&rdquo;

Ben Stewart, a director at CBRE Sydney, says Queensgate is&nbsp;one of&nbsp;the most hotly anticipated releases the Eastern suburbs for a number of years.

&ldquo;Queensgate symbolises the next phases in the Potts Point renaissance, one which pays tribute to Potts Point&rsquo;s art deco roots while moving forward with a contemporary collection of sophisticated residences,&rdquo;&nbsp;Stewart said.

[smartcode_project:default project_id=5570 project_image_fid=185762]

Just 48 high-end apartments will be on offer across a selection of one, two and three-bedroom apartments,&nbsp;in addition to an exclusive collection of ultra-luxury penthouses with private pools.

A selection of three-bedroom apartments will also house their own private wine cellar.

[smartcode_project:default project_id=5570 project_image_fid=180675]

Apartment prices start from $1.8 million for the one-bedroom units , $2.8 million for two-bedrooms, $5 million for the three-bedrooms,&nbsp;and $10 million for penthouses.

&ldquo;We&rsquo;ve already seen strong interest from both local and interstate buyers who are eager to get their hands on an incredibly rare product set in one of the city&rsquo;s most thriving dining and retail cultures,&quot; Stewart added.

&ldquo;Residents will be able to step out their front door and straight into a world class collection of caf&eacute;s, boutiques and bars, nestled in an activated laneway with fantastic new amenity and upmarket retail.&quot;

Each residence features&nbsp;artistic finishes, soaring ceilings, a limited collection of private wine cellars, and large&nbsp;walk-in wardrobes, all encased in a&nbsp;heritage fa&ccedil;ade.

As the home of Australia&rsquo;s highest concentration of art deco buildings and some of Australia&rsquo;s earliest block of flats, Potts Point&rsquo;s cityscape is one of juxtaposition, where modern high rises border historic landmarks.

Queensgate&rsquo;s design was bred from a diversity of input including architects Panov Scott and Tonkin Zulaikha Greer (TZG) who devised five distinct personalities for each of the buildings, and interiors by TZG and BKH.

[smartcode_project:default project_id=5570 project_image_fid=180674]

&ldquo;Our philosophy has always explored the crossover between art and architecture, and Queensgate epitomes that intersection of high-end design,&rdquo; said Tim Greer, Director of TZG.

&ldquo;We wanted to produce a collection of homes that were deeply reflective of the Potts Point character while offering the most high-end and modern luxuries available in residential design.&rdquo;

Iris Capital has been busy in the Gold Coast as well as Sydney, recently launching their first Surfers Paradise development, Victoria &amp; Albert.

The $800 million mixed-use development will feature more the 330 apartments across two residential towers rising 30 and 40 levels.

[smartcode_project:default project_id=107928 project_image_fid=178909]

The East tower known as The Albert will comprise 114 two, three and four-bedroom apartments over 30 levels.

The west tower, known as The Victoria, will rise over 40 levels and deliver 219 apartments of one, two and three bedrooms.

[smartcode_project_cta: project_id=5570]

“I have long been a big believer in this pocket of Potts Point, and the Queensgate vision is one which we have been working incredibly hard at for some time now,” Arnaout said

Iris Capital prepare launch of Queensgate, the hotly anticipated Potts Point apartment redevelopment

Developer Mayrin Group&#39;s latest apartment development, Verset, has been strategically located in the hear of Rouse Hill, in Sydney&#39;s growing north-west precinct.

Verset enjoys the best that the north west has to offer, in close proximity to business, transport, health and education.

Situated at Adonis Avenue, Verset&#39;s individual buildings are divided by pergola-shaded courtyards, with landscaped pathways, lush plantings and calming spaces.

A collection of low-rise buildings, each with a boutique feel, Verset boasts a collection of one, two and three-bedroom apartments with spacious floorplans.

Many of the apartments encompass versatile media areas or studies that can be used as desired and all feature security parking with lift access.

[smartcode_project:default project_id=24445 project_image_fid=175482]

Interiors include free-flowing entertainment spaces, sophisticated finishes and sun-soaked spaces thanks to floor-to-ceiling windows.

Apartments floor into generous gardens and covered terraces to respond to indoor-outdoor living, while courtyards feature a children&rsquo;s play area and barbeque facilities.

The kitchens boast a streamlined design, and integrate a warm, tonal palette with high-quality features and finishes.

Among these include engineered stone benchtops, breakfast bars and quality stainless steel appliances.

Bathrooms are defined by clean lines and clever use of space, finished with hardwearing porcelain tiles with a bold feature wall for visual impact.

[smartcode_project:default project_id=24445 project_image_fid=175483]

In the bedroom, Verset residences include mirrored built-in robes and intelligently-designed ensuites.

According to the developers, Rouse Hill is blessed with plenty of recreational attractions, from parks and playgrounds to sporting fields and cycle paths.

Nearby schools, both private and public, are reputable, with Western Sydney University also conveniently close by, reflecting the family friendly nature of the area.

Verset is just a 10 minutes&rsquo; walk from the nearby metro station and the Rouse Hill Town Centre, a bustling retail hub poised for a further $300 million expansion.

Nearby Norwest Private Hospital is set to undergo a major upgrade and there are also plans to construct a brand new $300 million hospital nearby on Windsor Road.

[smartcode_project_cta: project_id=24445]

A collection of low-rise buildings, each with a boutique feel, Verset boasts a collection of one, two and three-bedroom apartments with spacious floorplans

max.kwok_55688

How Rouse Hill apartment development Verset takes advantage of its prime north-west Sydney location

Mirvac has acquired an 80-hectare parcel of zoned land in Cobbitty, Camden, which it plans to turn into a new masterplanned community to respond to the surging demand for new homes in Sydney&rsquo;s south west.

The property development group secured the south west growth corridor site from Australian property funds and development firm, Roberts Jones.

Colliers agent Frank Oliveri, who was responsible for the deal, said the transaction helped reflect the strength of the residential development site market in Western Sydney.

&ldquo;This property was highly sought after by both institutional developers and a number of the large home builders in the region.

&ldquo;Residential lots have increased by over 25% in many parts of the market and developers have paid higher prices to secure land stock in the short to medium term&rdquo;, Oliveri said.

Adjacent to the existing suburbs of Oran Park and Harrington Grove, the future community is set to deliver approximately 950 land lots from 225sqm to 1,000sqm, playing fields, a future town centre and community facilities, subject to approval.

Located less than 10 kilometres away from Mirvac&rsquo;s recently completed Crest project at Gledswood Hills, the project will continue the developer&rsquo;s legacy in south west Sydney, according to head of residential, Stuart Penklis.

&ldquo;Having successfully delivered Crest, we&rsquo;re excited to once again be in a position to contribute to Sydney&rsquo;s rapidly evolving south west corridor&rdquo;, he said.

&ldquo;Future residents will relish the picturesque rural aspects of this countryside setting, while benefitting from the adjacent Macarthur Anglican school and other established amenity of Oran Park.&rdquo;

According to Penklis, land and homes in this area are experiencing strong demand due to significant local infrastructure investment including the new Western Sydney International Airport and Aerotropolis now taking shape.

&ldquo;Our passion for reimagining urban life and our commitment to best practice design, sustainability and placemaking principles will guide the vision and masterplan for this new community&rdquo;, he said.

An initial development approval for the first 150 lots is expected to be filed shortly, targeting early activation of the amenity in order to set the foundations for a sustainable, connected community.

The project is expected to be released in mid-2022.

Mirvac has acquired an 80-hectare parcel of zoned land in Cobbitty, Camden, which it plans to turn into a new masterplanned community 

Mirvac secures 80-hectare site to deliver a brand-new masterplanned community in Sydney’s growing south west

Sydney is approaching a point in the real estate cycle where growth in apartment values is nearly matching the growth in the housing market,&nbsp;CoreLogic&#39;s&nbsp;monthly Hedonic Home Value Index found.

Apartment values rose 0.7 per cent over November, compared to the one per cent gains in houses. For context, across March this year, Sydney houses posted double the growth of apartments, 4.3 per cent in a single month compared to 2.1 per cent for&nbsp;apartments.

Sydney apartment values are now 15.3 per cent up over 2021, just over half of the nearly 30 per cent gains for houses. That&#39;s stretched the median gap between apartments and houses in the harbour capital to $523,000.

Sydney&#39;s median apartment value is now $837,000, compared to $733,000 at the start of 2021.

[smartcode_project:default project_id=7758 project_image_fid=150461]

Although values are continuing to rise across the country, the November result was the softest outcome since January when values rose 0.9 per cent.

Tim Lawless, CoreLogic&rsquo;s research director, says the slowdown in the pace of growth is due to a number of reasons.

&ldquo;Virtually every factor that has driven housing values higher has lost some potency over recent months,&quot; Lawless noted.

&quot;Fixed mortgage rates are rising, higher listings are taking some urgency away from buyers, affordability has become a more substantial barrier to entry and credit is less available.

&ldquo;With such a large value gap between the broad housing types, it&rsquo;s no wonder we are seeing demand gradually transition towards higher density housing options simply because they are substantially more affordable than buying a h​ouse.&quot;

Sydney's median apartment value is now $837,000, compared to $733,000 at the start of 2021

Sydney apartment insights: What happened to Sydney apartment values in November?

Sydney's Manly had the nation's top recorded apartment sale last week when $5,425,000 was paid for an apartment on North Steyne.

The 6/93-95 North Steyne is positioned on Manly’s coveted beachfront strip with a north east aspect.

It sits in the Manly Oasis complex.

The 210 sqm apartment had been recently renovated before its sale through Clarke & Humel.

It is three bedrooms, three bathrooms plus study area.

It last sold in 2007 at $1.963 million. It first sold in 1991 at $540,000.

There was a national 63 percent auction success rate for apartments and townhouses over the past week, according to CoreLogic.

Sydney saw a slightly higher 67 percent success rate.

The apartment is located on North Steyne 

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