The new <a href="https://www.apartments.com.au/new-apartments/yarraville-green-42-stephen-street-yarraville-vic-3013">Yarraville Green</a> development in Melbourne's inner west is showing that landscaping can be just as influential as architecture, with buyers responding strongly to the garden-first approach adopted from the outset by developer Excelon Projects and the project's design team.

Excelon appointed Six Degrees Architects and landscape architects SBLA to work collaboratively on the development, with a brief to create "a sustainable, design-led building with a focus on community."

That approach has resonated with buyers. According to Next Chapter Director Tom Hirini, who is leading the sales campaign, the landscaped communal garden has become one of the project's defining features, alongside its boutique scale and European-inspired cluster housing concept.

Local downsizers, right-sizers and established families already living in Yarraville and surrounding suburbs have accounted for the majority of purchasers.

[smartcode_project:default project_id=144913 project_image_fid=297740]

Yarraville Green will comprise 53 homes, including apartments and townhomes, arranged around the shared central garden to maximise connections to the landscaped open space. Parking has been moved underground, allowing the ground plane to be dedicated to greenery, pedestrian movement and communal spaces.

The landscape extends well beyond passive planting. Productive garden beds, a pergola, communal gathering spaces, garden sheds and a pet wash have all been integrated into the masterplan, creating spaces designed to encourage everyday interaction between residents.

[smartcode_project:default project_id=144913 project_image_fid=297741]

The interiors continue Excelon's focus on craftsmanship, incorporating bespoke elements by Melbourne artisans including leadlight detailing by Adadaz, hand-turned timber hardware by Auburn Woodturning and blown-glass lighting by Ruth Allen.

Sustainability has also been embedded throughout the project, with Yarraville Green targeting an average 7-star NatHERS energy rating through passive design principles, rooftop solar servicing common areas and rainwater harvesting for landscape irrigation.

[smartcode_project:default project_id=144913 project_image_fid=297735]

Construction continues to progress at Yarraville Green, with structural works well underway and framing works approaching completion under builder Balmain &amp; Co. The project remains on track for completion in mid-2027.

Apartments at Yarraville Green are currently priced from $625,000, while townhomes start from $1.4 million.

[smartcode_project_cta:default project_id=144913]

Joel Robinson

Garden-led design drives buyer demand at Yarraville Green

National diversified developer Fortis has officially launched Crest &amp; Walker, its latest Brisbane apartment development, with construction now underway on the 20-storey Newstead project.

Award-winning builder BINAH has commenced construction on the Bureau^Proberts-designed building, which will deliver a limited collection of 65 two and three-bedroom apartments on Kyabra Street.

[smartcode_project:default project_id=145922 project_image_fid=373556]

The project marks Fortis' fourth active residential development in Brisbane, following River House, which is nearing completion, alongside projects in New Farm and Hamilton as the national developer continues to expand its South East Queensland pipeline.

Fortis General Manager – Development Queensland Dan Boman said Crest &amp; Walker reflects the developer's long-term commitment to delivering design-led residential projects in Brisbane's established inner-city suburbs.

"We're proud to be strengthening our presence in Brisbane with Crest &amp; Walker, particularly in such a sought-after lifestyle destination as Newstead," Boman said.

"Every Fortis project is shaped by its context, and we approach each one with the respect and care it deserves.

"Our focus is always on creating places that feel connected to their neighbourhood and elevate the everyday experience for residents. Newstead continues to evolve as one of Brisbane's most sought-after urban communities, and Crest &amp; Walker reflects our ambition to contribute meaningfully to that story."

[smartcode_project:default project_id=145922 project_image_fid=373559]

Positioned between Gasworks Plaza and James Street, <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a> has been designed as a boutique residential address offering privacy and generous living spaces within one of Brisbane's most established lifestyle precincts.

The building features a contemporary brick podium softened by integrated landscaping, while the upper levels are characterised by restrained architecture and enduring materiality. Interiors have been designed to maximise natural light, acoustic performance and long-term liveability.

[smartcode_project:default project_id=145922 project_image_fid=373583]

Residences comprise spacious two and three-bedroom floorplans, with two-bedroom apartments priced from $1.55 million and three-bedroom, half-floor residences from $3.95 million.

Residents will have access to a wellness-focused rooftop featuring a swimming pool, sauna, steam room, landscaped dining spaces and outdoor lounge areas overlooking Newstead and the Brisbane CBD.

[smartcode_project:default project_id=145922 project_image_fid=373571]

Sales are being managed by Slaite Projects, with Fortis expecting strong demand from owner-occupiers seeking a high-quality, design-focused apartment in one of Brisbane's most tightly held inner-city suburbs.

Completion of Crest &amp; Walker is slated for late 2028.

[smartcode_project_cta:default project_id=145922]

Fortis expands Brisbane pipeline with launch of Crest & Walker in Newstead

The enormity of delivering a true skyscraper in Australia's new development market is often overlooked.

It has taken the best part of a decade since plans for Chevron One were first unveiled, but the 41-storey tower is now complete, with residents collecting their keys and moving into what has become one of the Gold Coast's most recognisable new landmarks.

Rising 127 metres above Chevron Island, Chevron One stands almost twice as high as any other building on the island. Its scale places it alongside the trio of towers at Jewel, arguably the last truly significant addition to the central Gold Coast skyline when they were completed around six years ago.

While there are several developments underway around a similar height to Chevron One, they are more concentrated within clusters of the highest towers in the city. The fact Chevron One sits within a developing precinct, looking back at the other high-rise developments in Surfers Paradise and Broadbeach, makes it a different proposition altogether. It will certainly become a reference point on the Gold Coast skyline.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Developer Bensons Property Group is behind the 41-storey tower, which has 229 apartments, along with an exhaustive list of resident amenity spread across what is the largest development site ever assembled on Chevron Island.

The tower has been the talk of the town for years, says Ray White Projects Gold Coast agent Caitlin Rosenboom, who is selling the remaining apartments.

"People have been watching Chevron One go up for years," Rosenboom says, adding that many prospective buyers have been surprised by the scale of the views once they step inside.

"It's only when they walk through a completed apartment that they truly understand the position of the building," Rosenboom says.

"The views are jaw-dropping. Whether you're looking east over the ocean, across Surfers Paradise, along the river systems or out to the hinterland, every level offers something different but equally impressive."

[smartcode_project:default project_id=6515 project_image_fid=360215]

One of Chevron One's defining advantages is its location on the eastern side of Chevron Island on Stanhill Drive, a position which protects the views forever.

"There's only one row of houses between Chevron One and the water, and the height restrictions along the river means views from Chevron One can never be built out,"&nbsp;Rosenboom says.

While new apartment developments continue to emerge across the Gold Coast, Rosenboom says opportunities to secure a completed apartment with this level of outlook are becoming increasingly rare.

"The size of the site is something that would be incredibly difficult to replicate today," she says.

"That's allowed Chevron One to deliver the sort of amenity, open space and resident facilities that very few projects can offer. There are not many completed apartment buildings on the Gold Coast right now that can compete with the combination of scale, quality and amenity."

[smartcode_project:default project_id=6515 project_image_fid=68839]

There's around 2,000 sqm of amenity solely for the use of residents of Chevron One. Club One features a uniquely shaped swimming pool that mirrors the footprint of the building itself, set within a extensively landscaped gardens. There's also an indoor pool and spa, a fully equipped gym with a Pilates room, a yoga garden, a bookable private dining area and lounge that can host up to 30 people, and a 24-hour concierge service.

As for the buyers, Rosenboom is fielding enquiry from everywhere: Sydneysiders and Melburnians looking at the new and off-the-plan market following the changes in the Federal Budget, as well as those looking to relocate, through to South East Queenslanders seeking either a permanent home or a weekender bolthole.

"The Gold Coast lifestyle continues to resonate with people relocating from the southern states, and when they see the views and the quality of what's been delivered at Chevron One, it becomes very easy for them to understand the appeal," Rosenboom says.

A diverse mix of one, two and three-bedroom apartments remain available, with each offering "something a little different", be it the orientation and views, configuration, or level, to suit a wide variety of buyers.

The remaining apartments are ready to inspect in person, by appointment.

[smartcode_project_cta:default project_id=6515]

A decade in the making: Residents to move into Chevron One as construction wraps up

A general rule of thumb in new apartment developments is that the penthouses get the rooftop.

It's a formula that's become commonplace across Australia's apartment market. Residents might have access to a pool, gym or barbecue facilities on a dedicated lower level, but the most desirable outdoor spaces are typically reserved for the highest-priced homes at the top of the building.

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has taken the opposite approach.

Rather than dedicating the rooftop to a handful of buyers, the Gold Coast developer has made it the centrepiece of its Flourish collection, creating expansive shared spaces from the best vantage point in the building.

The philosophy has reached its most ambitious expression at <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> in Palm Beach, where two rooftop precincts connected by a skybridge will deliver one of the most extensive lifestyle offerings seen in a residential apartment project on the Gold Coast.

[smartcode_project:default project_id=150017 project_image_fid=374053]

"We're seeing a clear move toward developments that offer more than just an apartment," Sherpa Group founder Christie Leet said.

"People want spaces that support how they actually live, whether that's working from home, staying active, or spending time with family and friends.

"That's where amenity becomes critical. It's not just about what's included, but how those spaces are designed to be used every day."

[smartcode_project:default project_id=150017 project_image_fid=374052]

The breadth of amenity has already attracted buyers across multiple demographics. Younger first home buyers have been drawn to Soleira's one-bedroom apartments, a product rarely delivered in Palm Beach, while families have responded to practical inclusions such as the shallow children's pool adjoining the main lap pool and the extensive communal recreation areas.

Instead of a single rooftop, Soleira delivers two distinct lifestyle zones.

[smartcode_project:default project_id=150017 project_image_fid=372547]

The southern rooftop has been dedicated to wellness, featuring a gym, yoga and Pilates studio, work-from-home facilities, a wellness centre, spa, and hot and cold plunge pools.

The northern rooftop focuses on recreation and entertaining, incorporating a heated resort-style pool, private dining rooms, pizza ovens, barbecues, a golf simulator, children's recreation areas, and what is expected to be the Gold Coast's first rooftop basketball court, which will also double as a squash court.

[smartcode_project:default project_id=150017 project_image_fid=374054]

Beyond the rooftops, Soleira will introduce 1,500 sqm of curated retail beneath the towers, creating one of Palm Beach's first genuinely mixed-use lifestyle precincts where cafés, restaurants and convenience retail become part of residents' everyday lives.

Sherpa has also retained management rights across the development, allowing it to oversee the long-term operation of the building through a 24-hour concierge model. The developer is also exploring additional revenue streams within the precinct aimed at helping offset ongoing body corporate costs for residents.

[smartcode_project:default project_id=150017 project_image_fid=370962]

While Soleira is the largest project Sherpa has delivered, the rooftop-first philosophy has been evolving for several years.

It began with <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>, the first project released under the Flourish brand. Rather than competing at the ultra-luxury end of the market with oversized half-floor and full-floor residences, Sherpa focused on creating lifestyle-driven apartments supported by resort-style shared spaces.

Amargo introduced more than 800 sqm of rooftop amenity, combining wellness facilities, heated pools, entertaining areas, cabanas, pizza ovens and private dining spaces into what was designed as an extension of residents' homes rather than a facility used only occasionally.

[smartcode_project:default project_id=146527 project_image_fid=366550]

That approach continued with Flourish Oasis, where the same amenity-led philosophy was refined into a more boutique development. Strong demand from Sherpa's growing VIP database saw much of the project sold before it reached the broader market, reinforcing buyer appetite for apartment communities centred around shared lifestyle experiences.

Flourish Amargo is slated for completion mid-way-through next year, with Oasis to be delivered by late 2027. Flourish Soleira is expected to complete in 2030.

[smartcode_project_cta:default project_id=150017]

Sherpa takes amenity to the sky as Flourish Soleira captures booming Palm Beach demand

As apartment living continues to evolve across Sydney's growth corridors, the quality and distribution of shared spaces is increasingly shaping how residents experience home. Rather than functioning as add-ons, amenities are being embedded into the daily rhythm of a building, supporting everything from quiet retreat to social interaction, often within a single vertical community.

At <a href="https://www.apartments.com.au/new-apartments/aeris-melrose-park-nursery-street-melrose-park-nsw-2114">Aeris</a> in Melrose Park, this approach is resolved through a layered amenity offering that unfolds from ground level through to its upper podium. Developed by <a href="https://www.apartments.com.au/developers/sekisui-house-australia">Sekisui House Australia</a> in partnership with Hankyu Hanshin Properties, the project introduces 468 apartments across two towers and a mid-rise building, positioned at the highest point of the broader masterplan.

[smartcode_project:default project_id=426 project_image_fid=359199]

The amenity experience begins at street level, where two courtyards sit within a landscaped setting that connects residents to the wider network of parks and green spaces. These green spaces are not isolated pockets but part of a wider pedestrian network that links Aeris to the surrounding <a href="https://www.apartments.com.au/developments/melrose-park-nsw-2114">Melrose Park</a> precinct, including Central Park, future schools, and the Town Centre opening in July 2026. The result is a transition that moves from public to private without abrupt boundaries, allowing residents to pass through shaded, tree-lined environments before reaching the building itself.

Moving upward, the focus shifts to the level five podium, where the primary communal facilities are concentrated. This space brings together a 16-metre swimming pool, outdoor seating areas, and a communal BBQ zone arranged to take advantage of elevated outlooks. Seating is positioned beneath pergolas, creating pockets of shade that extend the usability of the space throughout the day. The pool edge aligns with views toward the wider district, reinforcing the sense of elevation that defines the project’s positioning.

In the adjacent building, this is complemented by quieter, more contemplative spaces, including an outdoor cinema set within the same level. Positioned to operate primarily in the evening, it introduces a different tempo to the shared environment, shifting from daytime activity to after-hours use without requiring separate zones.

[smartcode_project:default project_id=426 project_image_fid=360299]

The podium also accommodates an intimate private resident gym. Located on the lower levels, it gives residents convenient access to fitness facilities without leaving the building.

Above, the elevated podium sky deck extends the amenity offering, providing additional open-air spaces with elevated outlooks across the surrounding landscape. While more restrained in program, this upper level reinforces the project’s vertical progression, from ground-level greenery to elevated outlook, allowing residents to move between distinct spatial conditions within a single address.

This distribution of amenities reflects a deliberate response to how residents use space across the day. Sekisui House Australia Sales and Marketing Director Peter Kalaf points to the role these shared areas play in shaping buyer demand. Aeris has been conceived as more than a collection of apartments, with the podium pool, gym and outdoor cinema forming part of a broader lifestyle offering that extends the home beyond each individual residence.

[smartcode_project:default project_id=426 project_image_fid=360300]

What distinguishes Aeris is not the inclusion of these elements individually, but how they are arranged in relation to one another. Active, social, and passive spaces are layered vertically rather than separated, allowing residents to choose between them without leaving the building or moving far from their apartment. This proximity supports both routine use, such as a morning swim or evening workout, and more occasional gatherings, whether around the BBQ area or within the cinema setting.

The amenity design also sits within a broader framework of connectivity across Melrose Park. The Melrose Park Town Centre, anchored by Coles and Dan Murphys, features a mix of retail, dining, health and lifestyle offerings, bringing everyday convenience closer to residents. By the end of the year, more than five hectares of parks and open space, equivalent to around seven football fields of green space on residents' doorstep, will further enhance the precinct, allowing the internal facilities at Aeris to operate as an extension of the wider neighbourhood rather than a substitute for it.

Construction at Aeris continues to gather momentum, with ground floor slabs expected to be completed in late 2026 before the first sections of the buildings begin to rise above ground.

[smartcode_project_cta:default project_id=426]

Elevated amenity anchors daily life at Aeris, Melrose Park

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>

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Ellen Walker

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

North Shore development specialists, Harvie Group, has unveiled its latest development, in the heart of one of the area's most sought-after postcodes.

Harvie's new development is in <a href="/developments/pymble-nsw-2073">Pymble</a>, on the exclusive Telegraph Road, where they're set to deliver <a href="/new-townhouses/coachwood-pymble-76-telegraph-road-pymble">Coachwood</a>, a collection of just 10 townhouses that will cater for the local downsizer.

Three of the 10 townhouses have already been snapped up.

[smartcode_project:default project_id=146554 project_image_fid=296344]

Each townhouse has been designed by&nbsp;<a href="/architects/gelder-group-architects">Gelder Group Architects</a>&nbsp;and each offers three bedrooms and three bathrooms.

The design places a strong emphasis on entertaining, both indoors and outdoors.&nbsp;

The open-plan living areas, complete with a feature fireplace, create a seamless flow from indoor to outdoor entertaining spaces, where residents can enjoy patio and landscaped courtyards.

Each residence is also equipped with premium kitchen appliances, including a five-burner cooktop and a 90cm oven, while the bathrooms feature&nbsp;bespoke inclusions&nbsp;by&nbsp;<a href="/interior-designers/bentley-rd">Bentley Rd</a>&nbsp;such as custom-designed joinery, brushed brass fixtures, and heated towel railings.

[smartcode_project:default project_id=146554 project_image_fid=296345]

Some residences offer the buyer to include a private lift. Each townhouse has two secure parking spaces.

Located within walking distance of local shops and transport, Coachwood is well-connected while maintaining the tranquillity of its North Shore setting.&nbsp;

Telegraph Road is one of Pymble's best addresses, with nine sales above $5 million on the street in the last five years. The street record was set earlier this year when a 2021-built home sold for just over $8 million.

Builder <a href="/builders/dilcara">Dilcara</a> will commence construction of Coachwood in September.

[smartcode_project_cta:default project_id=146554]

Located within walking distance of local shops and transport, Coachwood is well-connected while maintaining the tranquillity of its North Shore setting. 

Harvie Group reveal rare new Pymble townhouse development, Coachwood

Development giant ALAND has stepped in to complete the construction of the final three buildings in Toplace's besieged Castle Hill apartment development, Skyview.

Two buildings in the five-building development at 51-53 Old Castle Road have been completed. The third is around 80 per cent complete, while buildings four and five are yet to come out of the ground, but the basement levels have been dug. <a href="/developers/aland">ALAND</a> will be rectifying any potential defects in the existing shared basement.

ALAND has been appointed following a comprehensive process by receivers KordaMentha to determine the pathway for the completion of the development. ALAND will now work closely with the Building Commission NSW to complete the construction of the Castle Hill complex.

ALAND Founder and Owner Andrew Hrsto says ALAND has a strong record of turning around challenging projects and transforming them into award-winning residential complexes in sought-after suburbs.

“ALAND maintains an end-to-end capability that uniquely positions us to take on these types of projects,” he said.&nbsp;

“Both KordaMentha and the Building Commission NSW clearly recognise our strong reputation, the quality of our product and our expertise and we are excited to drive this entire complex to completion.”

The complete development will provide a total of 964 apartments housing 2500 people, making a significant impact on the Sydney housing crisis.

Upon completion, buildings C, D and E at Castle Hill will be offered as build-to-rent homes and will dramatically increase rental property availability in North West Sydney with 532 apartments providing much-needed rental housing for 1500 residents.

ALAND has a long history, completing 100 per cent of projects for more than 20 years.

The company has recently been awarded an iCIRT Gold rating following a rigorous and independent review process to determine its capability, capacity and commitment. &nbsp;

<a href="/developments/castle-hill-nsw-2154">Castle Hill</a> has been in the news several times this week, with <a href="/developers/kassis-homes">Kassis Homes</a>, the developer behind <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a> which is across the road from Skyview, securing a site next door and <a href="/news/nsw/reve-group-file-for-new-four-tower-development-in-castle-hill">filing for a four-tower masterplan</a>.

The complete development will provide a total of 964 apartments housing 2500 people, making a significant impact on the Sydney housing crisis

ALAND to deliver final three buildings in Toplace's Skyview apartment development in Castle Hill

AYA Penthouse, the largest single-level apartment in Bondi Beach, has just been sold for around $22 million, just a few weeks before its completion.

The four-bedroom, 353 sqm penthouse designed by world-renowned architect Koichi Takada, was sold by Eddie Mansour of Ray White Projects and Jeremy Wiesner of Wiesner Property, with Mansour saying the sale represents the highest price achieved for a&nbsp;non-beachfront facing apartment.

Wiesner said every square metre of the penthouse "goes above and beyond."

"The indoor/outdoor living areas, enhanced by Takada’s signature touches, were a major drawcard for buyers."

<img alt="" data-bit="iit" data-entity-type="" data-entity-uuid="" height="260" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMv79gUyZ7n3JPiNgqgarE5g2M5exVS9VMG8tiAtFTH3W5x_g7pIekB1MCek1wYczR7tED6nj5x1t46mhGJ7kd6BGwK5S2cdSurjx7gY-U8tOowflzyiRsHgpRDd2cmk66OOFNqaGtIJ70gNnVQIR6i68F?key=MYjsndFdB7Y58ALwjMF-Xg" tabindex="0" width="602" />

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial.

Tal Silberman, group managing director of Moshav, said that he was incredibly proud of their group’s development, setting a new benchmark for luxury property.

“AYA Penthouse epitomises coastal luxury with its iconic location and innovative design,"&nbsp;Silberman said.

"This record-breaking sale is testament to the desirability of Bondi Beach and the appetite for truly magnificent design."

Buyers agent Will Roberts from Alsaker negotiated the sale on behalf of the Eastern Suburbs buyer.

Construction firm Lord Group is currently completing the final stages of the development.

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial

AYA Penthouse, Bondi Beach's largest single-level apartment sells for around $22 million

The tranformation of Crows Nest as one of the go-to suburbs on the Lower North Shore, is set to continue.

Leading property developer Third.i Group and joint venture partner Phoenix Property Investors have announced the launch of the first stage of Hume Place, its new four-building development above the recently opened Crows Nest Metro station.

The first stage of the development, <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate at Hume Place</a>, will offer 130 one, two, and three-bedroom apartments designed by the&nbsp;internationally acclaimed architecture firm Woods Bagot.

<a href="/developments/crows-nest-nsw-2065">Crows Nest</a> has become one of the most connected suburbs in the Lower North Shore. Residents of Elevate couldn't be closer to the quiet, underground metro, which will take them to the CBD in just seven minutes, and to Chatswood in four.

[smartcode_project:default project_id=142550 project_image_fid=297877]

Woods Bagot handled both the exterior architecture and interior design of Elevate Hume Place, an apartment development that will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle and amenity and importantly benefit from the long term value that the Metro stations will bring to property owners.

A recent global study of the impacts that Metro stations have on residential property ‘on’ or ‘directly next’ to metro stations show that properties can demand premiums ranging from 20 per cent to 30 per cent higher in value than neighbouring properties.

Importantly for&nbsp;investors, a metro can help secure 15 per cent to 20 per cent premiums in rents compared to similar properties in the area.

[smartcode_project:default project_id=142550 project_image_fid=297878]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney.

"It's not only going to offer some of the best apartments ever released, Elevate is also a one-of-a-kind development in terms of the value the Metro will bring long term to its owners.

"There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”.

[smartcode_project:default project_id=142550 project_image_fid=298039]

Third.i has appointed JLL Residential Project Sales as the project marketer and sales partner for Elevate.

Luke Billiau, Head of Capital Markets – Australia and New Zealand at JLL, said Elevate represents the future of integrated transport-oriented development.

"We're confident it will attract significant interest from both local and international buyers," Billiau said.

[smartcode_project_cta:default project_id=142550]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney

Third.i to launch Crows Nest over-station development, Elevate Hume Place

Lower North Shore developer&nbsp;Hyecorp has released its most luxury apartments in its under-construction St Leonards South development, Audrey.

Dubbed The Tiffany Collection, the luxury penthouses and subpenthouses will sit across the top three levels of the 15-level development on Canberra Avenue, opposite Newlands Park.

&nbsp;

Each of the eight, south-east facing exclusive residences spans around 155 sqm and features expansive living areas, enhanced by minimal shared walls and large floor-to-ceiling windows to ensure privacy and abundant natural light in every apartment.&nbsp;

&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=205693]

The apartments in the Tiffany Collection have three bedrooms, two bathrooms, and a study, as well as a private two-car garage and a storage cage.

&nbsp;

The penthouses are designed with a focus on functionality and elegance, as seen in the kitchens, which are kitted out with integrated Miele appliances, stone benchtops, and extensive storage.

The bathrooms feature heated floors and fluted stand-alone baths.

&nbsp;

&nbsp;

[smartcode_project:default project_id=110379 project_image_fid=192153]

<a href="/developers/hyecorp-property-group">Hyecorp</a> has reserved a significant amount of space in the boutique building for amenity.

<a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">Audrey</a> features an indoor lap pool, spa, personal training studio, private cinema, dining room, music room, and a rooftop terrace with barbecue facilities.

Audrey also provides practical services such as EV charging, car share options, an onsite café, and a daycare facility, underscoring Hyecorp's commitment to creating a holistic living environment.

[smartcode_project:default project_id=110379 project_image_fid=198680]

The location of Audrey, in the emerging&nbsp;<a href="/developments/st-leonards-nsw-2065">St Leonards</a>&nbsp;South precinct, places residents within easy reach of Newlands Park, shopping destinations, cafes, restaurants, and major transport links, including St Leonards Train Station and the upcoming Crows Nest Metro.&nbsp;

Audrey will home a total of 102 apartments, with local architecture group <a href="/architects/sjb-architects">SJB</a> handling the architecture.

Construction of Audrey kicked off just over 12 months ago, and buyers are expected to move in in mid-2025.

[smartcode_project_cta:default project_id=110379]

The apartments in the Tiffany Collection have three bedrooms, two bathrooms, and a study, as well as a private two-car garage and a storage cage

Hyecorp reveal Tiffany Collection penthouses atop Audrey St Leonards

Developer James Place has set the Penrith apartment price record, selling one of its penthouses for $5.5 million in its new apartment development, Perle.

Perle,&nbsp;located in the emerging East Side Quarter (ESQ) neighbourhood of&nbsp;<a href="/developments/penrith-nsw-2750">Penrith</a>, comprises 173 apartments, penthouses and terraces, and is anchored by a 1000 sqm lakefront dining precinct.

The rooftop features an infinity pool, a state-of-the-art wellness centre, private gardens, a hotel-like concierge service, and a private dining room for residents.

Former Penrith Mayor and long-term Councillor, Tricia Hitchen, who has bought an apartment in Perle, says the $200 million development is "reshaping the Penrith community and changing the way in which we can live."

Perle is the fourth of five stages of the ESQ, following the sell out of the first three stages One Eastside, Aqua, and Eden.

Perle has been designed by&nbsp;<a href="/architects/turner-studio">Turner Studio</a> and <a href="/architects/bayley-ward">Bayley Ward</a>&nbsp;and offers one, two and three-bedroom apartments with balconies and terraces designed for outdoor dining.

<img alt="Penrith waterfront development Perle" data-entity-type="file" data-entity-uuid="599af40d-db14-483f-bbc5-3bd84df4ac9a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/James%20Place_Perle_The%20Residences.jpg?VersionId=ifLxop_gL75o_sBrCC6NKSXswTP1U9dc" />

The apartments are expected to attract interest from first home buyers, investors and downsizers who will have access to all that the project has to offer.

Andrew James, Founder and Managing Director of James Place Group, said James Place&nbsp;is committed to creating vibrant, mixed-use communities that redefine modern living.

"Our aim with Perle is to transform urban spaces into places that foster community connection, innovation, and well-being," James said.

"With its exceptional design, world-class amenities and a dedicated onsite team, Perle is set to become a landmark in Penrith, offering residents a unique lifestyle experience with everything on their doorstep. We hope to offer not just a place to live, but a vibrant neighbourhood that residents and the Penrith community can be proud of.”&nbsp;

Ahead of launch, James Place held an off-market tower release of 20 sky homes within the development called ‘The Residences’.

Designed to be personally customised for each purchaser, these properties also offer expansive wrap-around views, an entertaining bar, butlers’ kitchens and high-end V-ZUG appliances. All but three have been sold, with the largest penthouse purchased by a local businessman for a record $5.5 million.

Perle also houses ‘The Collection’ which features three townhouses and five rooftop penthouses.&nbsp;

<img alt="Penrith waterfront development Perle masterplan" data-entity-type="file" data-entity-uuid="94114fa0-7d8a-4f05-9a99-9c700a5d3758" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/James%20Place_Perle_A01_Aerial_Masterplan.jpg?VersionId=SYAHRP381tNgsnZHtwVJYozTfEOdoU_7" />

Perle is part of the larger ESQ master plan located on the Panthers precinct, which has been designed to enhance the quality of life for its residents and contribute positively to the community. Conceived by Cabe, the ESQ masterplan is already home for residents of the first two stages, One East Side and Aqua, and the third stage EDEN is currently under construction with Astina Group.&nbsp;

“The ESQ development is a project for the government to take note of," James added.

"It’s a case study for the delivery of high quality and much needed housing in Western Sydney with high demand from key workers, such as first responders and nurses, along with investors, first homebuyers and aspirational downsizers. These developments are transforming Penrith into a lifestyle and residential hub with lakeside dining, entertainment, shopping, and art installations.”&nbsp;

Construction of Perle is set to begin in 2024, and completion is slated for the end of 2026, in time for the opening of Western Sydney’s new airport. Perle will create over 1,000 new construction jobs, further boosting the local economy and delivering in-demand housing.&nbsp;

“With this week’s announcement that Singapore Airlines will be taking off in 2026 from the Badgerys Creek just 15 minutes away, you will be able to go from swimming in your own infinity pool to Marina Bay’s overnight, as this new service connects ESQ to the world."

Penthouse already sold off-market for a record $5.5million sale 

Penrith apartment record set with $5.5 million off the plan sale at Perle by James Place

<a>Ode Double Bay, the</a>&nbsp;record-setting development by <a href="/developers/top-spring-australia">Top Spring Australia</a>, is continuing to rack up significant off the plan apartment sales.

The latest comes from a Sydney buyer who spent $14.39 million consolidating apartments to create a large 224 sqm, three-bedroom apartment, as well as an 85 sqm one-bed, with a private lift lobby serving both apartments.

<a href="/project-marketer/1st-city-projects">1st City</a> Managing Director, Brad Caldwell-Eyles, said the local purchaser had been looking for a high-end opportunity in the Eastern Suburbs for several months.&nbsp;

[smartcode_project:default project_id=113405 project_image_fid=234804]

“Globally, we’re seeing a trend in larger apartment living, especially for people looking to transition into retirement on their terms with unparalleled access to lifestyle, art and culture,” Caldwell-Eyles said.&nbsp;

“This amalgamated apartment offering at <a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028">Ode</a> aligns with this preference, while providing an ideal second space for visiting guests, family, or staff.&nbsp;

“It’s a savvy purchase, which gives them the flexibility of four bedrooms across two privately accessed residences, which in the long-term can be sold together or separately.&nbsp;

“Importantly, it offers a lifestyle akin to other global cities with access to a 24-hour concierge service and high-end security, which are very attractive to this end of the market, particularly those who enjoy travel and privacy.&nbsp;

“Ode residents will also have access to room service from the renowned Indigo Café, offering a curated selection of cuisine delivered directly to their home, from morning coffee to freshly prepared meals.”&nbsp;

[smartcode_project:default project_id=113405 project_image_fid=234805]

Caldwell-Eyles said the amalgamated apartment offering at Ode enabled the buyer to create a unique home environment comparable in size to the building’s sold-out penthouses and sub-penthouses.&nbsp;

“Sydney remains one of the world’s strongest and most consistent performers in global real estate, and the city’s eastern, harbourside suburbs are tightly held and less cyclical in nature,” he said.&nbsp;

“The purchaser frequently travels internationally and while in Sydney, the family will have a beautiful Luigi Rosselli-designed home in the heart of <a href="/developments/double-bay-nsw-2028">Double Bay</a>.”&nbsp;

Ode will rise six levels from Cross Street and will offer Sydney Harbour views.

Construction at Ode is well underway by prestige Sydney builder <a href="/builders/ceerose">Ceerose</a> and is on track for completion in early 2026.

[smartcode_project_cta:default project_id=113405]

Ode will rise six levels from Cross Street and will offer Sydney Harbour views.

Double-digit off the plan apartment sales keep coming at Ode Double Bay

Luxury home builder turned multi-residential apartment developer, Kassis Homes, has revealed what intends to do with their prime Castle Hill site they secured earlier this year.

Under their new development arm Reve Group, Sam Kassis and business partner Romio Georges are planning a four-tower development on a sprawling 9,074 sqm site that cost about $80 million to amalgamate.

They're seeking to develop three residential towers, with 264 apartments, and a hotel tower.

"We've been building in the area for three decades, and we're passionate about delivering high-quality residential living to Castle Hill," Sam Kassis told Urban.

Kassis is currently delivering <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a>, one of the most impressive apartment developments Castle Hill has seen, just next door to the new project.

Grand Reve is the first development in Castle Hill to have the <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">Resilience Latent Defects Insurance policy</a>, the new insurance that protects apartment owners from any structural defects of the building for 10 years post-completion. The policy is far and away the most comprehensive insurance new and off the plan apartment buyers can access.

"We want to give our purchasers something no one else offers," Kassis added.

"We're matching high-quality finishes and well-thought-out configurations with buyer confidence. Buyers can be safe in the knowledge they're purchasing from a well-respected developer, who has gone the extra mile to take out Latent Defects Insurance to make them feel comfortable in their purchase."

The new development will again offer a range of configurations. Across the 19, 22 and 23-level residential buildings will be 50 one-beds, 147 two-bed apartments, 56 three-beds and 11 four-bed apartments.

<img alt="Kassis" data-entity-type="file" data-entity-uuid="6de40559-7c40-4c17-aa04-c6adfe4d631c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-10%20at%204.33.45%E2%80%AFPM.png?VersionId=QRVOupS3A_c9DQZX0zUxflVBV1nURzz3" />

The one-beds range in size from 50 sqm to 74 sqm internally. The two's start from 75 sqm and top out at 116 sqm, while the three-bed offer between 111 sqm and 203 sqm of internal living space.

The 11 four-bedroom apartments have between 154 sqm and 253 sqm.

The hotel will have 143 rooms in a 19-level building. 474 parking spaces will be provided, and 136 motorbike and bicycle spaces.

To be called&nbsp;Grand Reve II, at 22-26 Garthowen Crescent and 20-34 Old Castle Hill Road, has been designed by Turner, with extensive landscaping by landscape architect Land and Form.

Land and Form said the goal is to "create a biophilic landscape sanctuary, immersed in nature."

"At an elevation of approximately 100m above sea level, the Site is located on one of the highest points in north west Sydney, making it a prominent location with the opportunity to develop as a marker within its context via built form and landscape outcomes that demonstrate design excellence and facilitate key government-led place making priorities," the documentation noted.

The Economic Impact Assessment by HillPDA Consulting said the 264 apartments is projected to house 560 residents, leading to an&nbsp;estimated annual household expenditure of $11.2 million. They believe around $8.7 million will be spent at local businesses, with Castle Towers likely benefiting most.&nbsp;

"This development will support local retail and commercial businesses, indirectly create jobs, and meet increased retail demand," the report noted.

"The on-site retail space, due to its small scale, will complement rather than compete with other local centres and will likely direct surplus expenditure to nearby retailers."

The $166 million design and construction phase of the development is expected to generate around 1,278 jobs.

To be called Grand Reve II, at 22-26 Garthowen Crescent and 20-34 Old Castle Hill Road, has been designed by Turner, with extensive landscaping by landscape architect Land and Form

Reve Group file for new four-tower development in Castle Hill

Developer CPDM has timed its entry into the Castle Hill apartment market well, with heightened demand not being matched by supply.

<a href="/developments/castle-hill-nsw-2154">Castle Hill</a> has been booming since the announcement of the $3 billion redevelopment of the Showground Precinct. Now adding fuel to the fire is the newly opened Metro line which takes Castle Hill residents to the city in less than 30 minutes.

CPDM has recently launched <a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>, on the edge of the rejuvenated Castle Towers Shopping Centre, which is slated for a further $550 million redevelopment that will become yet another lifestyle hub for Castle Hill.

Larool Crescent consists of five low-rise buildings and features homes ranging from one to four bedrooms, catering to a broad mix of residents, from young professionals to growing families and downsizers.&nbsp;

We recently visited the display suite at 26 Hume Avenue to explore this development further and learn more about what Larool Crescent has to offer.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/qrbcIbGD1KI?si=f2n-ZKSwIcc3vL7D" title="YouTube video player" width="560"></iframe>

Designed around a central courtyard, the residences by&nbsp;<a href="/architects/ptw">PTW Architects</a>&nbsp;have an emphasis on indoor-outdoor living.

The skyhomes, with their internal lifts and rooftop terraces, are perfect for those who appreciate grand-scale entertaining and expansive tree canopy views.

[smartcode_project:default project_id=135330 project_image_fid=289164]

The four-bedroom townhomes offer house-sized proportions while remaining low-maintenance compared to a family home.

Larool Crescent is ideally located near Castle Towers, a major retail hub undergoing a $568 million upgrade to include new retail, hospitality, and office spaces.&nbsp;

CPDM has also taken out Resilience Insurance's sought-after <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">10-year Latent Defects Insurance</a> policy which protects off the plan buyers from any costs associated with structural defects of the building for 10 years after its completion.

[smartcode_project_cta:default project_id=135330]

We recently visited the display suite at 26 Hume Avenue to explore this development further and learn more about what Larool Crescent has to offer.

Inside Larool Crescent apartments: Urban's Display Suite Tour of Castle Hill''s newest apartment development

Unit growth in Australia's most expensive capital continued to dominate over the house market as&nbsp;

The value of units, which incorporates apartments and townhouses, grew by 0.5 per cent over August, CoreLogic's Monthly Index found, compared to 0.3 per cent of houses.

The general trend across capital cities is the strength in the unit market, with every capital city unit market outperforming its house counterpart in August.

"The ongoing outperformance of ‘cheaper’ markets reiterates a strain on demand," CoreLogic's Head of Resarch, Tim Lawless, noted.

"The lower quartile of the combined capital city market, which makes up the most affordable 25 per cent of dwellings, rose 2.7 per cent in the three months to August, compared to a 0.3 per cent lift across the upper quartile.

"In a similar demonstration of demand being deflected towards lower price points, the quarterly change in unit values was higher than houses in five of the eight capital cities."

<a href="/developments/sydney-nsw">Sydney</a> was not one of the cities however that had stronger rolling quarterly unit growth. Unit values have risen 0.7 per cent over the last three months, compared to 0.8 per cent for houses.

Sydney's median house value remains the highest in the country at $1.4 million, while the median unit value reached $859,000.

<h2>What happened in Sydney’s off the plan apartment market in August?</h2>

There was considerable strength in the more affordable end of the off the plan apartment market in August, although sales continued to flow at the top end too.

CBRE took 40 deposits on the opening launch of <a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>, the joint venture between <a href="/developers/deicorp">Deicorp</a> and <a href="/developers/payce-consolidated-limited">PAYCE</a>&nbsp;and the heart of the Melrose Park urban renewal project. The following week they took over 10 more reservations.

[smartcode_project:default project_id=134220 project_image_fid=289894]

CBRE Residential Project Managing Director, David Milton, says Melrose Central represents great value for buyers.

"Our two-bedroom, two-bathroom apartments are priced under $1 million. If you go to any of the neighbouring suburbs, you can't get that kind of value," Milton suggests.

Milton says the buyer pool has been diverse, with first home buyers, local owner-occupiers, and even investors purchasing.

Melrose Central will comprise around 500 apartments above 30,000 sqm of retail and commercial space.

[smartcode_project:default project_id=134220 project_image_fid=289882]

Deicorp had similar success at their debut Rhodes apartment development, Marquet &amp; Mary.

They secured a record two-bedroom apartment sale for Rhodes, with an 87 sqm apartment on the 30-th level of the 32-level tower selling for $1.72 million.

The price was driven both by the track record that&nbsp;<a href="/developers/deicorp" target="">Deicorp</a>&nbsp;is bringing to Rhodes, and the sweeping views the apartment will offer.

[smartcode_project:default project_id=141515 project_image_fid=287866]

Interest in the project has been high since the unveiling of its display suite at suite 803/5 Rider Boulevard, Rhodes, less than 300 metres from the site of the development at 1-9 Marquet Street.

<a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>&nbsp;offers a total of 212 apartments in a building designed by popular architect&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;who were appointed after winning a design excellence competition last year.

[smartcode_project:default project_id=141515 project_image_fid=287865]

<a href="/developers/aqualand-australia">Aqualand</a> landed a record week of sales at its recently completed <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> development in&nbsp;<a href="/developments/north-sydney-nsw-2060">North Sydney</a>.

The $40 million in sales was a North Shore record.

[smartcode_project:default project_id=30959 project_image_fid=292863]

The luxury Walker Street building, less than 200 metres from the Victoria Cross Metro Station, was officially completed in late June, with buyers steadily moving into the Woods Bagot-designed building.

Aqualand expects to break the record again in the coming weeks as sales momentum continues to ramp up. They saw over $100 million in sales in February 2024, the most in a single month since the North Sydney tower was launched in December 2021.

[smartcode_project:default project_id=30959 project_image_fid=292863]

<a href="/developers/twt-property-group" target="">TWT Property Group</a>&nbsp;brought some new supply to the market in August, releasing the first stage of apartments in its 1.3-hectare Crows Nest masterplan, <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>.

The first stage will introduce 93 one, two, three and four-bedroom apartments on the cusp of Crows Nest Village, a short walk from Crows Nest Metro which will no doubt draw buyers who want easy access to the city.

[smartcode_project:default project_id=94318 project_image_fid=293323]

The first stage of the master plan will feature 3,000 sqm of commercial space, part of the 10,000 sqm of commercial space that will be on offer across the suburb-shaping development.

TWT&nbsp;has already appointed Westbourne Constructions to build the first stage of&nbsp;<a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>. Construction is scheduled to commence in the third quarter of 2024.

[smartcode_project:default project_id=94318 project_image_fid=293324]

There was new supply in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a>, where there hadn't been a new development launched in the indemand suburb for around 18 months.

<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>, named after its location on the fringe of the rejuvenated Castle Towers shopping centre, comprises 110 apartments and townhouses across four, filve-level low-rise buildings, a building type not commonly found in new projects in the area.

The buildings have been designed by PTW to wrap around a central courtyard with extensive landscaping.

There will be one, two, three and four-bedroom apartments on offer, as well as a handful of large townhouses.

Boston Buckler Principal, Alex Walker, said the residences are&nbsp;"tailor-made for owner-occupiers," with designs catering to first home buyers, downsizers, and young families.

[smartcode_project:default project_id=135330 project_image_fid=289164]

Elsewhere across Sydney, builder developer <a href="/builders/aland">ALAND</a> officially opened its new Parramatta building, Paramount on Parkes, while also topping out Archibald by ALAND in Gosford.

<a href="/buildings/paramount-on-parkes-harris-park-14-20-parkes-street-harris-park">Paramount on Parkes</a> comprises 331 apartments in a 46-level tower, alongside 3,000 sqm of commercial space.&nbsp;

The development was praised for its contribution to meeting Parramatta’s growing housing demands, with local officials highlighting its importance to the city’s future growth.

[smartcode_project:default project_id=9187 project_image_fid=278982]

ALAND, founded by Andrew Hrsto over two decades ago, topped out the tallest of the two towers at <a href="/new-apartments/archibald-by-aland-gosford-108-donnison-street-gosford-nsw-2250">Archibald by ALAND</a>, their first foray into the Gosford market.

The mixed-use development, with both apartments, a hotel and extensive retail, is another suburb redefining development for ALAND.

It will bring the first VOCO Hotel to Gosford, as well as&nbsp;327 apartments and six hospitality venues, including the Central Coast’s highest rooftop bar.

Over 95 per cent of the apartments in the development have already sold, marking the project one of the most successful across Greater Sydney for several years.

[smartcode_project:default project_id=134670 project_image_fid=215487]

Looking ahead, Fortis filed plans for another boutique development in Rose Bay.

Earlier this year&nbsp;<a href="/developers/fortis">Fortis</a>, the development arm of financier and investment manager Pallas Group, snapped up a prime&nbsp;<a href="/new-apartments/10-12-ian-street-rose-bay">double site on Ian Street</a>, just two rows back from&nbsp;<a href="/developments/rose-bay-nsw-2029">Rose Bay</a>&nbsp;Beach.

They're planning a $16.5 million development, continuing their push into in supplying new apartments to downsizers in Sydney's Eastern Suburbs. There is just one two-bedroom apartment planned and 11 three-bedroom apartments across the low-rise, five-level building designed by&nbsp;<a href="/architects/mhn-design-union">MHN Design Union</a>.

The submission comes as Fortis prepares to take the wraps of Atlas, its current Rose Bay development.

<img alt="Fortis" data-entity-type="file" data-entity-uuid="1abf78da-c78e-4f84-8ca5-b2eb6c28f471" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-10%20at%201.58.24%E2%80%AFPM.png?VersionId=HYQh9MQhHlvbpXFVu0ehpxMo_bqHEFTP" />

August saw the partnership revealed between prominent Wollongong developer <a href="/developers/level-33">Level 33</a> announced and community affordable housing provider,&nbsp;City West Housing,&nbsp;to bring a much-needed influx of apartments to the growing coastal city.

They've proposed just over 900 apartments in a State Significant Development, of which around 220 will be affordable.

The leaves nearly 700 apartments that will hit the traditional off the plan apartment market in the coming years, pending NSW Government approval.

The 30,130 sqm site&nbsp;at the&nbsp;<a href="/new-apartments/60-74-flinders-street-wollongong">intersection of Gipps and Flinders Streets</a>&nbsp;is currently occupied by an old Bunnings Warehouse which ceased trading at the start of 2023, as well as extensive car parking space and a small brick building.

<img alt="Level 33" data-entity-type="file" data-entity-uuid="c2454937-2542-4248-bd88-81c8defe4f80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-10%20at%201.59.33%E2%80%AFPM.png?VersionId=7OlRmtXUINGi7ZELXqAdmY14_SoBjV1n" />

The apartments, will be spread across five mixed-use buildings, ranging in height from seven to 13 levels.

The ground floor of the buildings will be&nbsp;dedicated to business and retail spaces, takeaway food premises, specialised retail, and a gallery. The proposal also includes two levels of basement parking, with vehicle access from&nbsp;<a href="/new-townhouses/throsby-act-2914">Throsby</a>&nbsp;Drive and&nbsp;Gipps Street.

The project will be constructed in stages, beginning with Buildings 4 and 5, the latter of which will house the affordable apartments.&nbsp;

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-level-33-to-team-up-with-city-west-housing-for-over-900-new-wollongong-apartments">First look exclusive: Level 33 to team up with City West Housing for over 900 new Wollongong apartments</a>

There was considerable strength in the more affordable end of the off the plan apartment market in August, although sales continued to flow at the top end too.

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