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?

One of Australia’s most successful residential property developers, Meriton, has continued to make a significant impact on the property landscape in 2021.

Since its formation in 1963, Meriton has grown to become the nation’s largest apartment developer.

Founded by billionaire property entrepreneur Harry Triguboff, the developer is known for its sophisticated designs and high-quality apartments.

With developments all across NSW to choose from, Urban&nbsp;selected just four of the newest on offer across inner-city Sydney.

1.&nbsp;Orchid,&nbsp;Eastgardens 
Address: 9 Oscar Place,&nbsp;Eastgardens&nbsp;NSW 2036 
Two-bedroom apartments from $835,000

[smartcode_project:default project_id=29389 project_image_fid=85679]

Orchid is the final stage in Meriton's&nbsp;Pagewood Green, delivering 256 residences in various configurations.

Designed by PTW, the stunning interiors flow seamlessly from the indoor living area to outdoor entertaining balconies and terraces.

Rooftop garden retreats on Level 17 boast elevated dining pavilions, lush gardens and panoramic views.

Pagewood Green&nbsp;will boast its very own 6,000sqm retail precinct anchored by a major national supermarket and an array of supporting retailers including food, medical and leisure.&nbsp;

2.&nbsp;Polo Collection, Rosebery 
Address: 55 Rothschild Avenue, Rosebery NSW 2018 
Two-bedroom apartments from $710,000

[smartcode_project:default project_id=7588 project_image_fid=72298]

Set amongst tree-lined streets and only minutes from the CBD, Polo Collection pays homage to Rosebery’s industrial past while providing residents with a home&nbsp;of the future.

Polo Collection comprises 275 luxury apartments with grand proportions across four striking buildings.

Developed by&nbsp;Meriton, the project connects residents to the Sydney CBD, Green Square and the harbour as one of the city’s most connected inner-city suburbs.

Designed by&nbsp;SJB, the homes boast a modern and distinctive style, with floor-to-ceiling glass, expansive floorplans and views over Sweetacres Park. &nbsp;

3. Spectrum, Mascot 
Address: 42&nbsp;Church Avenue, Mascot NSW 2020 
Two-bedroom apartments from $1,025,000

[smartcode_project:default project_id=5873 project_image_fid=72323]

Secluded from busy roads on a prime corner position, Spectrum presents four boutique residential towers in Mascot.

Delivering 367 spacious apartments,&nbsp;Meriton’s new Bayside development features inspired design, ample storage and premium finishes.

Spectrum enjoys&nbsp;Due North&nbsp;and east views towards the Sydney city skyline, as well as resort-style amenities, including a gym and sauna.

The site is located in close proximity to beautiful parks and podium gardens.

4. Viola, Eastgardens 
Address: 3 Finch Drive, Eastgardens NSW 2036 
Two-bedroom apartments from $995,000

[smartcode_project:default project_id=29390 project_image_fid=85686]

Viola is the third stage in&nbsp;the Pagewood Green master-planned community described by Meriton's Harry Triguboff as his most ambitious project in 50 years.

Designed by&nbsp;Fox Johnston, it combines&nbsp;luxurious oversized apartments with never-to-be-built-out views of the city and championship golf courses offering buyers a rare opportunity to purchase their dream property in the affluent eastern suburbs of Sydney.

Offering a superb collection of 175 apartments over 16 levels designed for a lifetime of quality and comfort, resort style facilities include an indoor pool, spa and sauna, fully equipped gymnasium, onsite childcare centres and onsite supermarket, retail shops and cafes.

Urban takes a closer look at what is on offer across the Meriton range in Sydney's inner circle.

jordan_55689

The best of Meriton's inner-city Sydney apartments

Sydney apartments saw the second strongest price growth across the nation&#39;s apartment market over April,&nbsp;according to property data firm CoreLogic.

Values rose 1.3 per cent, only second to Darwin&#39;s 2.7 per cent rise.

It puts Sydney&#39;s rolling quarterly apartment gain at 4.7 per cent, following jumps of 2.1 per cent in March and 1.2 per cent&nbsp;across February.

Sydney&#39;s median apartment value is now $771,859&nbsp;up from the&nbsp;$755,360&nbsp;last month and $734,198 at the start of the year.

The main gains across the last six months or so across the country&nbsp;have been found in the housing&nbsp;sector, which is expected to taper off as the growth has been deemed &quot;unsustainable.&quot;

And that growth is likely to give a shot in the arm to the more affordable apartment sector.

CoreLogic&#39;s&nbsp;research director, Tim Lawless, says the pace of capital gains in the housing market could slow further over the coming months as inventory levels rise and affordability constraints dampen&nbsp;demand.

&ldquo;The slowdown in housing value appreciation is unsurprising given the rapid rate of growth seen over the past six months, especially in the context of subdued wages growth. With housing prices rising faster than incomes, it&rsquo;s likely price sensitive sectors of the market, such as first home buyers and lower income households, are finding it harder to save for a deposit and transactional costs.&rdquo;

&quot;There is already some evidence of fewer first time buyers in the market, with the Australian Bureau of Statistics reporting a -4.0% fall in the value of first home buyer home loans through February, the first drop since May last year.

<h2>Apartments and townhouses across Sydney under the growing median&nbsp;</h2>

Bloom Arncliffe

Price - Two bedroom apartments from $710,000

[smartcode_project:default project_id=6201 project_image_fid=89013]

Developed by Wingate, Bloom offers a collection of 318 one, two and three-bedroom ready-to-go apartments in Bayside Council&rsquo;s ward two suburb,&nbsp;Arncliffe.

The development spans across seven buildings and boasts ground-floor restaurants and retailers, views over Botany Bay and private entertaining balconies.

Each apartment, designed by&nbsp;Stephen Bowers&nbsp;Architects, offers a dedicated study room, floor-to-ceiling windows and the latest appliances.

Georgette, Schofields

Price -&nbsp;Two bedroom apartments from $535,000

[smartcode_project:default project_id=32227 project_image_fid=93952]

Georgette is the second stage of&nbsp;Positive Investment Enterprise&rsquo;s Kew&nbsp;Schofields&nbsp;project, integrating convenient living with natural beauty in one of Sydney&rsquo;s newest suburbs,&nbsp;Schofields.

Designed by&nbsp;PBD Architects, the light-filled apartments in one and two-bedroom configurations feature ample storage, extended gardens and state-of-the-art energy and storage innovations thanks to a partnership with Tesla.

Eminence, Zetland 
 
Price - One bedroom apartments from $745,000

[smartcode_project:default project_id=21882]

A trio of buildings,&nbsp;Mirvac&rsquo;s 254-apartment Eminence project commands four street frontages between Green Square and the Sydney CBD.

The development offers onsite retail, 1,840 sqm of lush podium gardens and a 75-place childcare centre.

Designed by&nbsp;DKO&nbsp;Architecture, the property showcases high-quality finishes and fixtures, and carefully curated residences.

Some apartments include their own private rooftop terraces and others with uninterrupted CBD and Botany Bay views.

The adjacent Gunyama Park Aquatic and Recreation Centre includes beach-inspired pools, open-air training facilities and playgrounds.

The growth in the housing sector has been deemed "unsustainable" which is pushing buyers to apartments

May 2021: How did the Sydney apartment market perform in April?

In mid-2019, <a href="/news/st-leonards-new-43-storey-tower-the-landmark-commences-construction">we reported on the groundbreaking of a St Leonards site</a> which would soon be home to Sydney&#39;s new 43-storey skyscraper, <a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065">The Landmark</a>. This month The Landmark is set to celebrate its topping out, with a ceremony to be held later this month ahead of the building&#39;s completion in October.&nbsp;

As the development nears the end of the construction timeline, the boutique collection of 7 penthouses are now available for sale, with price points ranging from $11m to $18m. Only five homes remain due to two properties being snapped up in the early stages of the launch.&nbsp;

<a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065"><img alt="" height="1272" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thelandmark-2.png" width="2306" /></a>

<a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065"><img alt="" height="1200" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thelandmark-11.png" width="2386" /></a>

<a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065"><img alt="" height="1320" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thelandmark-3.png" width="2388" /></a>

Designed by award-winning architects A+ Design Group in association with Warren &amp; Mahoney, each penthouse features unique elements including, sculptural staircases, private lifts and koi ponds.

Purchasers will be able to customise their homes with furniture pieces from luxury brands including Fendi Casa, Versace Home, Armani Casa, and Bugatti Home.

<a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065"><img alt="" height="1320" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thelandmark-14.png" width="2384" /></a>

The Landmark is located in Sydney&#39;s lower north shore, which is currently experiencing rapid market growth, due to its close proximity to major employment hubs and improved access to infrastructure. The area is set to reach 5,600 residents by 2036, making it a popular suburb among both investors and owner-occupiers.&nbsp;

Infrastructure upgrades in the area could also contribute to the increase in demand for property, with the $112 million North Shore Health Hub offering medical care and employment in surgery, physiotherapy, pharmacy, dentistry, allied health, research and education services. The&nbsp;projected health and technology sectors in the area will deliver up to 7,130 new jobs over the next two decades.

Colliers International Residential Director, Blake Schulze, has noticed a growing demand for luxury penthouses in recent months.&nbsp;

&quot;We have also experienced increasing enquiry on both Aqualuna at Milsons Point and Merrinda at Kurraba Point. The majority of the enquiry has been from owner-occupiers currently living on the Lower North Shore and a smaller selection from interstate.&quot;

[smartcode_project:default project_id=7135 project_image_fid=28891]

Urban has also identified an increase in demand for luxury housing, with a 42% uptake in enquiries for properties over $1.5m in Sydney over the last 12 months compared to 2020. So far in 2021, Queensland has seen a staggering 86% increase in enquiries on luxury apartments and townhouses valued at over $1.5 million and a 19% increase in Victoria.&nbsp;

&quot;We&#39;re seeing our downsizer audience continue to gravitate toward the luxury end of the market; projects with strong amenity and high-quality penthouse options are getting a lot of attention.&quot;

Mike Bird, CEO Apartments.com.au

<a href="/buildings/the-landmark-st-leonards-500-pacific-highway-st-leonards-nsw-2065"><img alt="" height="1342" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/thelandmark-8.png" width="928" /></a>

Apartment living can offer some of the most incredible views in a city &ndash; with The Landmark&#39;s seven two-storey penthouses showcasing&nbsp;uninterrupted panoramic views spanning the northern beaches to Sydney Harbour and the Blue Mountains.&nbsp;

&quot;The increasing levels of demand for luxury off-the-plan apartments in Sydney is primarily driven due to the continual growth and high price points being achieved in the established house market. Due to this, we have experienced a growing number of downsizers which are intending to sell their homes and opting for a recently completed or off-the-plan apartment. In addition to this, the record low interest rates is further influencing increasing demand.

Majority of purchasers are local, primarily from the North Shore. We have had a small proportion of offshore buyers due to the challenges to travel with international boarder restrictions. We anticipate the demand for off-the-plan apartments within Sydney will increase as the boarders open.&quot;

Blake Schulze, Residential Director, Colliers

It will be interesting to observe sales statistics over the coming months as travel restrictions ease and more buyers enter the property market.&nbsp;

[smartcode_project:default project_id=8832 project_image_fid=27973]

Read next:&nbsp;<a href="/news/st-leonards-new-43-storey-tower-the-landmark-commences-construction">St Leonards&#39; new 43-storey tower &#39;The Landmark&#39; commences construction</a>

Olivia Round

$11M+ properties proving popular among buyers in Sydney's lower north shore, as The Landmark sales skyrocket

Investors have paid $7.1 million for an art deco block of six two-bedroom apartments in Sydney’s Bondi Beach.

The property was listed for auction through Alex Hart of Hart Estate Agents with a price guide of around $5 million.

The 38 Simpson Street property was bought by Peakdeed Properties No 1.

It had been held by the Armstrong family for nearly six decades.

There were two apartments per floor.

It came with an annual income of $185,000 and the suggestion there was room for improvement.

Alex Hart of Hart Estate Agents had given a price guide of around $5 million



jchancellor

$7.1 million Bondi Beach whole apartment block sale

The growing housing affordability issues in Sydney has seen young professionals target off the plan apartments, particularly in Sydney&#39;s inner west.

The Five Dock apartment project Catania, developed by Metway Developments, has seen a number of buyers who want live in the waterside suburb.

Stefan Jones at 365 Property has seen downsizers, or rightsizers, buy in to the apartment project of 34, but also young professionals, who have been priced out of the housing market and are now more keen on high end apartments.

&quot;If they [young professionals], want to get in to that Five Dock, Drummonye, Abbotsford area then houses are becoming too expensive,&quot; Jones says.

Catania, which comprises two buildings inspired by classic modernist architecture, was designed by BKA&nbsp;and are crowned by an exclusive rooftop garden and entertainers&rsquo; terrace with views to Hen and Chicken Bay.

There are 22 two bedroom apartments, six one beds and six three bedroom apartments.

One build has 19 apartments across six storeys, the other with 15 across four storeys.

[smartcode_project:default project_id=6585 project_image_fid=77473]

Sales&nbsp;kicked off in July last year, and Jones&nbsp;says that, while the market is a bit different to the COVID-19 hit 2020, Five Dock is quite an insular location with not much stock.

&quot;Even during a tough market, Five Dock tends to stand quite well&quot;, Jones says, adding that apartment living has always been popular in the area and hasn&#39;t really faltered or wavered in any way.

[smartcode_project:default project_id=6585 project_image_fid=77474]

Jones says the apartment market at the moment is full of discerning buyers wanting quality and size.

&quot;If you&#39;re developing a standard apartment project you&#39;re going to struggle,&quot; Jones says.

[smartcode_project:default project_id=6585 project_image_fid=77470]

So far 21 of the 34 apartments have sold.&nbsp;One bedroom apartments start from $779,000, two bedders from $949,000 and the three bedroom penthouses from $1.7 million.

Construction began in September and is slated for completion in December.

The Five Dock apartment project Catania, developed by Metway Developments, has seen a number of buyers who want to get in to the waterside suburb.

Young professionals look to Five Dock's premium off the plan apartment market as Sydney housing affordability issues rise

The recently completed Bloom Arncliffe, delivered by developer Wingate, offers one, two and three bedroom ready-to-move-in apartments, perfect for the eager first-time owner, the smart investor and the dynamic urban-dweller.

Dispersed over seven state-of-the-art buildings designed by Stephen Bower Architects, ranging from standard apartments to penthouses, every Bloom residence holds sweeping city views.

Constructed by Richard Crookes Constructions, the 318 residences benefit greatly from their location with a heaping helping of convenient amenities at your fingertips.

[smartcode_project:default project_id=6201 project_image_fid=89013]

Among Bloom Arncliffe&rsquo;s on-site amenities are a ground-floor marketplace with restaurants and retailers, so that coffee, food and other simple luxuries are only ever a moment away.

Beyond the bottom floor it also has the convenience of being near restaurants, cafes, markets and plenty of schools and early learning facilities.

Placed in a prime position between the city and the coast, Bloom residents enjoy the benefits of being close to Sydney&rsquo;s southern beaches, as well as the Illawarra line&rsquo;s direct link to the CBD, the Inner West and Bondi.&nbsp;

[smartcode_project:default project_id=6201 project_image_fid=89018]

One bedroom apartments start from $595,000, two bedroom apartments from $710,000 and three bedroom apartments from $950,000.

Bloom Arncliffe is a unique offering, one of very few in Sydney with on-site retail and dining facilities so don&#39;t miss out on this recently completed development.

Among Bloom Arncliffe’s on-site amenities are a ground-floor marketplace with restaurants and retailers, so that coffee, food and other simple luxuries are only ever a moment away

Discover the convenient amenities on offer in Wingate's Bloom Arncliffe apartments

A modernised 91 sqm unit at Lakemba with a lock up garage was Sydney&#39;s cheapest weekend auction sale.

The 1970s apartment came with a storeroom/home office.

The 12/586 Punchbowl Road Lakemba offering was offered through Ray White Punchbowl agents Kamal Ali and Sam Mehedi.

The two bedroom, one bathroom apartment went to auction with a $360,000 price guide.

[smartcode_project:default project_id=24323 project_image_fid=43444]

It was marketed as having a very high rental potential.

It comes with strata fees of $615 per quarter.

&nbsp;

It last sold at $210,000 in 2003, meaning the sale represents a near doubling in value

$408,000 Lakemba apartment ranked as Sydney's cheapest weekend apartment auction outcome

The former Qantas boss Geoff Dixon and his wife, Dawn has sold their Darling Point trophy apartment.

Their New Beach Rd residence came with $10 million hopes, but sold for just over $11 million&nbsp;through Raine &amp; Horne Double Bay.

There were four buyers in the mex for the apartment that had been scheduled for May 6 auction.

The purchasers were a local family.

[smartcode_project:default project_id=13642]

The local paper, The Wentworth Courier advised the 438 sqm apartment had seen 70 people through its first two open homes.

It came with three bedrooms, three bathrooms and double garage parking in the Elandra triplex development.

The apartment was last sold when bought in 2016 for $8.65m from Acme marketing director Victor Topper and his wife, Sandra.

There were $10 million plus hopes for the Darling Point trophy apartment

Former Qantas boss Geoff Dixon sells Darling Point trophy apartment

Sydney&rsquo;s top weekend sale came auction eve when a Cronulla apartment was snapped on Friday.&nbsp;

The four bedroom, three bathroom Saltaire apartment at 201/21-23 Prince St fetched $5.8m through Highlands Property agent Mitchell Wynn.&nbsp;

The apartment is set in the boutique block of eight spread over flour floors.

The second floor space last sold at $3.8m in 2018.

[smartcode_project:default project_id=6201]

Cronulla&#39;s median apartment price sits at $825,000 according to realestate.com.au.

Sydney’s top sale came weekend auction eve when a Cronulla apartment was snapped Friday. 

$5.8 million trophy Cronulla apartment sale tops weekend results

Oxford Properties Group (&lsquo;Oxford&rsquo;) and Investa today announced they have received development approval from the Independent Planning Commission (IPC) for the first build to rent building in the Sydney CBD, a new residential development above the South entrance of the Sydney Metro Pitt Street Station.

The development will deliver an innovative, sustainable, purpose-built build to rent residential building that will create an unmatched rental experience for residents in the Sydney CBD. The approval is a major milestone for the project and is the first step in Oxford&rsquo;s strategy to create a leading build to rent platform in Australia and to attract co-investment from like-minded and strategic investors. The platform is being created in partnership with Investa, which is Oxford&rsquo;s local operating and development partner for its office portfolio and growing build to rent business.

<img alt="" height="530" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pitt_st_station.jpg" width="920" />

The 39-storey building will feature 234 residential apartments with extensive on-site amenities, including a wellness floor, rooftop terrace and adjoining communal space, an entire floor dedicated to work from home spaces, a social lounge and up to 682 square metres of retail. The building is targeting a 5 Star Green Star rating, with 30% Basix energy targets and 40% water targets.

Nellie O&rsquo;Keeffe, Project Director at Oxford Properties said, &ldquo;this is an exciting milestone for a truly transformational project. We are working with a world-class project team, which includes leading Australian architects Bates Smart and are committed to delivering a project that sets the bar for purpose-built rental in Sydney.

[smartcode_project:default project_id=7758 project_image_fid=79424]

Located on the corner of Pitt and Bathurst streets, the development is ideally positioned to provide a lively city lifestyle to future residents, ranging from young families, to working professionals to downsizers. Seamlessly integrated with the new Pitt Street metro station and well connected to other primary transport hubs, residents will benefit from connectivity to Greater Sydney and close proximity to Hyde Park and some of Sydney&rsquo;s best retail, dining and entertainment attractions, while enjoying the convenience, amenity, flexibility and sense of community this location offers.

Oxford&rsquo;s build to rent pipeline in Australia now includes approximately 1,000 units, following the acquisition of its first build to rent site in Melbourne at 3 McNab Avenue, Footscray, and is targeting more than 5,000 units over the next 10 years.

Oxford&rsquo;s consortium partners, CPB Contractors commenced construction on the metro station in December 2020. The residential development is scheduled to begin in late 2021 and due to be completed in line with metro services in 2024. Oxford anticipates that around 350 jobs will be created through the construction over a 24-month period.

Oxford Properties Group (‘Oxford’) and Investa today announced they have received development approval from the Independent Planning Commission (IPC) for the first build to rent building in the Sydney CBD

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