<a href="https://www.apartments.com.au/developers/bridgewell-development">Bridgewell Capital</a> has lodged plans for a major mixed-use apartment development in the heart of Maroubra, seeking a significant uplift in height and density controls to deliver 120 apartments and a 120-place childcare centre near Maroubra Junction.

The State Significant Development application, filed through the NSW Government’s Housing Delivery Authority pathway, covers a 3,270 sqm amalgamated site at 251-257 Maroubra Road and 133-135 Garden Street. The proposal includes a concurrent rezoning that would increase the maximum building height from 12 metres to 35.6 metres and lift the floor space ratio to 4.02:1.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the project would replace a mechanic’s workshop and several detached homes with a 10-storey residential building above four basement levels.

The scheme comprises 120 apartments, including 27 affordable housing units to be managed by a community housing provider for 15 years, alongside 203 basement car spaces and 92 bicycle spaces. A childcare centre occupying nearly 900 sqm of floor area would sit at ground level and be capable of accommodating 120 children and 22 staff.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="038a0639-f9e4-4303-8fcc-d43e73fa480f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20pers.png?VersionId=eGBElxmNqJW.YF3JFYgHTnPgAstdyXR3" />

According to the Design Report, the project has been conceived as a “gateway proposal” that responds to Maroubra’s evolving urban character and its proximity to the town centre.

“Designed to complement the character of Maroubra’s town centre, this gateway proposal features a building scale that matches its surroundings,” the report stated.

“It integrates residential units above a ground-level childcare centre, fulfilling the strategic objectives of the Randwick City Council Masterplan.”

The apartment mix is weighted toward larger residences aimed at families and downsizers, reflecting changing demographics in the Randwick LGA and increasing demand for medium-density housing close to transport and amenity.

BKA Architecture said the proposal seeks to reinforce Maroubra Road as a civic spine while improving the pedestrian experience around the site through landscaping and upgraded public interfaces.

“The design capitalises on the following site opportunities: reinforcement of Maroubra Road as a civic spine, enhancement of pedestrian pathways and the public interface via new landscaping, and strong market demand for two and three-bedroom apartments to support families and down-sizers,” the Design Report noted.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="ee509779-3c7e-4918-b03d-761c785459d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20site.png?VersionId=eZC4Ruyn.C7O.Qwfr1SVeP5.ds1c5.66" />

The building has been designed with setbacks and articulation intended to transition between the commercial intensity of Maroubra Junction and the surrounding lower-scale residential neighbourhoods. Communal open space is proposed on level one, while upper-level apartments would secure views towards Port Botany, Maroubra Beach and Sydney’s eastern suburbs.

The development sits around 200 metres east of the Maroubra Junction intersection of Anzac Parade and Maroubra Road, within one of Randwick’s identified strategic centres. The site is close to Pacific Square Shopping Centre, major bus routes, schools, parks and future cycling infrastructure proposed under the Maroubra Junction Masterplan.

The Maroubra proposal aligns with broader NSW Government initiatives encouraging higher-density housing near established centres and transport corridors, particularly where affordable housing is incorporated.

Bridgewell is also working on a <a href="https://www.apartments.com.au/news/qld/goldfields-sets-the-stage-as-quartet-milton-launches">new 55-unit project in Killara</a>.

Joel Robinson

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

[smartcode_project:default project_id=108736 project_image_fid=367993]

Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

[smartcode_project:default project_id=108736 project_image_fid=368000]

Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

[smartcode_project:default project_id=108736 project_image_fid=367999]

In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

[smartcode_project:default project_id=108736 project_image_fid=367991]

<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, a level of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar, one of Melbourne’s best-known venues.

[smartcode_project_cta:default project_id=108736]

Goldfields sets the stage as Quartet Milton launches

<a href="https://www.apartments.com.au/developers/stockland">Stockland</a> and Homes NSW have taken the next major step in the transformation of Waterloo Estate, lodging a Concept State Significant Development Application and concurrent rezoning proposal for the renewal of Waterloo South.

The proposal, now on public exhibition, outlines plans for around 3,300 new homes across the 12.3-hectare precinct. A minimum 30 per cent of residential gross floor area will be delivered as social housing, approximately 20 per cent as affordable housing, and a maximum 50 per cent as market housing. The redevelopment would more than quadruple the number of homes currently on the site and more than double the existing supply of social and affordable housing.

The renewal of Waterloo South forms the first stage of the broader Waterloo Estate transformation and is set to unfold over the next 10 to 15 years. The estate currently contains 750 social housing dwellings and 120 private homes.

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="ba2da34b-171b-4ff1-b0c7-4baf0bce97f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public.png?VersionId=S5apPKOqjPHJhk_SzCvdVPxsEBYs300o" />

The proposal, prepared by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> and Beam Planning, spans 10 street blocks bounded by Cope, Raglan, George, Wellington, Gibson, Kellick, Pitt and McEvoy Streets, directly adjoining the Waterloo Metro Station precinct and within walking distance of Redfern and Green Square stations.

Under the masterplan, building heights would range from two to 33 storeys, delivering approximately 282,485 sqm of residential floor space alongside at least 10,000 sqm of non-residential uses and a minimum 5,000 sqm of community space. The planning framework has been specifically structured to support the mixed-tenure outcome, with the residential gross floor area capped at a maximum 50 per cent market housing allocation.&nbsp;

The Urban Design Report describes the vision as creating “a unique and vibrant mixed-tenure housing precinct that supports the needs of the community and delivers much needed housing in response to National and State Government priorities.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="6e1a6d8b-0626-4fa7-94fc-aa91c0af86dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/waterloo%20per.png?VersionId=duyiJTFOeezTNdM22leI3SoHuqnW6ZaY" />

A major focus of the revised proposal has been increasing the social and affordable housing component. The Minns Government increased the affordable and public housing allocation from 35 per cent to 50 per cent after coming to office in 2023.

Minister for Housing and Homelessness Rose Jackson said the changes were critical to maintaining Waterloo’s social diversity.

“When we came to government, we immediately reviewed the plans for the Waterloo renewal and boosted the number of public and affordable homes from 35 to 50 per cent,” Jackson said.

“This was a crucial step to ensure Waterloo remains a welcoming place for people from all walks of life to call home now and into the future.”&nbsp;

Minister for Planning and Public Spaces Paul Scully said the project would reshape the precinct for generations.

“This concept DA brings thousands of new public, affordable and market homes on the doorstep of the Waterloo Metro station another step closer to reality,” Scully said.

“Importantly, alongside the new homes the plan also proposes new open space where residents and the broader community can gather, relax and play.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="867520cb-6e07-4204-885e-53793ac88066" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public%20a.png?VersionId=lgSI85Q23xBLYLC9NcWKuWZY2HfP4zQ3" />

Stockland Managing Director and CEO Tarun Gupta said the project had been shaped around long-term liveability and community infrastructure.

“As delivery partner, Stockland is proud to be working with the NSW Government on the renewal of Waterloo South – a significant project with community at its heart,” Gupta said.&nbsp;

The planning documents place strong emphasis on “Designing with Country,” recognising the site’s location on Gadigal land. The masterplan incorporates new east-west pedestrian links, activated streetscapes, rooftop communal spaces, retail frontages, and landscaped public areas intended to improve permeability and community connection throughout the estate.&nbsp;

The proposal also seeks to establish a more flexible planning framework for future detailed SSDAs, including updated provisions for educational uses, creative industries, rooftop communal areas, and active frontages. A minimum seven per cent of residential floor space will be delivered as affordable housing managed in perpetuity by community housing provider City West Housing.&nbsp;

The Social Impact Assessment prepared by Urbis describes the renewal as one of Australia’s most significant public housing transformations, identifying substantial long-term positive impacts associated with housing supply, accessibility, public domain improvements, and community infrastructure.&nbsp;

Stockland and Homes NSW have already commenced the first stage of resident relocations, with some tenants moved into newly completed homes at Waterloo Metro Quarter and the Boronia development nearby.

First look: Stockland, NSW Gov, unveils plans for 3,300-home Waterloo South renewal

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Smith by Valli delivers design-led apartments to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

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?

First home buyers are back in the market across Sydney.

Having left in droves following the RBA's quickfire burst of interest rate hikes, first home buyers are starting to emerge in the off the plan apartment space.

Data from Apartments.com.au's data product MatterFact shows a 30 per cent spike in enquiry from first home buyers in the first three months of 2024 compared to the last three months of 2023.

Compared to 12 months ago, first home buyer enquiry is up 35%.

The spike in enquiry is part due to more confidence in the interest rate having more than likely reached its ceiling, and part due to an increase in stock levels in more affordable projects. It's now been three consecutive months where the RBA has kept interest rates on hold, and the expectation is, despite higher than expected inflation figures in Q1, that rates will start to come down a few times in 2025, if not earlier.

Data from the ABS suggests first home buyers are too. Nationally first home buyers rose by 4.3 per cent to 9,377 of new loans written after a 5.6 per cent fall in January. In New South Wales first home buyer activity rose 6.4 per cent, double the rate of Queensland. First home buyer loans rose just 1.3 per cent in Victoria.

Dave Milton, CBRE Managing Director of Residential Projects, says they've seen first home buyer numbers increase by 11 per cent in the first four months of 2024 compared to 2023.

[smartcode_project:default project_id=112233 project_image_fid=221620]

Milton says the majority of those first home buyers (56 per cent), are seeking two-bedroom apartments rather than one-bedrooms.

"First home buyers are arguably the savviest cohort in the market at the moment," Milton says.

"They're calculating how much they can spend and they're moving quickly before there are price increases, which are happening across the whole market. They don't want to wait and find their budget, which could have got them a two-bedroom apartment a few months ago, now only gets them a one-bed."

The value of off the plan apartments is too rising quickly.&nbsp;The average sale price for first home buyers across CBRE's projects has jumped over 10 per cent year on year, from $748,000 to $827,000.

Most first home buyers are couples who are buying the more expensive two-beds, CBRE's data shows, happier to pay more for what they want rather than drop their requirements to fall under the government's stamp duty benefits.

The biggest increase in first home buyer activity has been in the Hills District, in particular in Castle Hill's Showground Precinct where CBRE is selling Deicorp's Hills Showground Village and The Ashford.

[smartcode_project:default project_id=133881 project_image_fid=209805]

"First home buyers are recognising the lifestyle Castle Hill offers, with the important driver the new Sydney Metro which will open in mid-2024 and connect Castle Hill to Barangaroo in 33 minutes," Milton says.

Then there's the evolution of the northwest growth corridor as a whole. Castle Hill has seen significant investment over the last five years, while its location on the fringe of Chatswood adds further connectivity and&nbsp;another retail precinct.

"It's now a convenient choice for young first home buyers, with access to both the city and an increasing amount of local amenity," Milton says, adding that demand from first home buyers is only likely to increase over the course of 2024.

Dave Milton, CBRE Managing Director of Residential Projects, says they've seen first home buyer numbers increase by 11 per cent in the first four months of 2024 compared to 2023

First home buyer activity lifts across Sydney's off the plan apartment market as interest rates steady

The sea change for those living on Australia's eastern seaboard has never been so alive as it has been over the last few years.

The pandemic changed the game for so many industries. Workers could work from anywhere for a long period, and a large number still can.

Sydney CBD's office vacancy rate sits at over 12 per cent, the highest vacancy rate in a decade according to the Property Council of Australia. No one is rushing back to the office.

The pandemic also drove house prices to record highs, giving homeowners a significant amount of equity in their primary residence.

Some made the seachange full-time during the pandemic and have since moved back to the city for work commitments, keeping the property outside of the city as a holiday home.

Those that didn't do that, and still have flexible work commitments which aren't likely to change in the near future, are starting to look outside of the city for their next property purchase.

Remote working has changed the weekender market forever. A&nbsp;weekend can be stretched to three or four days from the holiday home with remote working, rather than having to make it out of the city on Friday after hours.

Holidaymakers from Sydney tend to often look north and south at quiet coastal locations.

Some only want to head as far as the Central Coast or the Blue Mountains, while others&nbsp;want to be even further from the city, and are willing to drive there, or even fly, if they can spend longer than a standard weekend in the home.

We've looked up and down the New South Wales coastline for the best brand new seachange or holiday home opportunities.

<h2>Project: Mana</h2>

<h3>Location: 86-90 Norton Street, Ballina NSW 2478&nbsp;</h3>

<h3>Developer: Omira Property Group</h3>

Property developer <a href="/developers/omira-property-group">Omira Property Group</a> is bringing their classic coastal style to Ballina, following success in the likes of <a href="/new-townhouses/byron-bay-nsw-2481">Byron Bay</a>, <a href="/new-townhouses/currumbin-qld-4223">Currumbin</a> and <a href="/new-townhouses/kingscliff-nsw-2487">Kingscliff</a>.

The new <a href="/developments/ballina-nsw-2478">Ballina</a> project, <a href="/new-townhouses/mana-ballina-86-90-norton-street-ballina">Mana</a>, comprises 14 luxury villas, each with over 220 sqm of internal space. They start from $1.95 million.

<a href="/architects/c2-architecture">C2 Architecture</a>, whose concept embodies an iconic coastal aesthetic with architecture inspired by Palm Springs, is working with designer Mon Palmer of Bare Cabo Design Studio who has developed an interior scheme that emanates calm.

[smartcode_project:default project_id=144558 project_image_fid=264608]

Omira Property Group Director Alasdair Baker says the project will suit the local downsizer market, those who have been on acreages in the region, as well as those from Sydney, Melbourne and Brisbane who are looking for the Byron Bay-style lifestyle.

"The focus in this region has always been on Byron Bay, but when people travel north or south, they realise the same lifestyle opportunities, with multiple beachside precincts, exist up and down the coastline."

Baker says a project of this calibre needs to have a location to match, which is why they settled on a prime site on Norton Street, a literal stone's throw from North Creek and just over a kilometre to Ballina Fair Shopping Centre.

<h2>Project: Kai Residences</h2>

<h3>Location: 10-12 Willow Avenue, Bogangar NSW 2488&nbsp;</h3>

<h3>Developer: Omira Property Group</h3>

Targeting another coastal location, ​Omira is also behind&nbsp;<a href="/new-townhouses/bogangar-nsw-2488">Kai Residences</a>, just seven three and four-bedroom townhouses in <a href="/new-townhouses/cabarita-nsw-2137">Cabarita</a>, popular for its beach lifestyle akin to its northern neighbours <a href="/new-townhouses/casuarina-nsw-2487">Casuarina</a> and Kingscliff

Designed by Omira's go-to architecture firm C2 Architecture, Kai Residences is bringing a collection of only high-end townhomes in a premium location along Cudgen Lake.

[smartcode_project:default project_id=113521 project_image_fid=263597]

Each residence features a spacious, open-plan living and dining setting extending to a balcony that brings ample light and the outdoors in.

Practicality meets versatility with a multi-purpose ground floor room, providing ample storage space or an additional living area that opens onto a private courtyard with an outdoor ground-level pool.&nbsp;

[smartcode_project:default project_id=113521 project_image_fid=261087]

Residents of Kai Residences will enjoy panoramic views across Cudgen Lake, the majestic Round Mountain to the south, and Wollumbin Mount Warning in the World Heritage-listed Wollumbin National Park to the west.&nbsp;

Moreover, Kai Residences is conveniently located just three minutes away from Cabarita Beach and Bogangar Beach.

<h2>Project: Kailani</h2>

<h3>Location: 50-52 Beach Road, Batemans Bay NSW 2536</h3>

<h3>Developer: Kela Building Group</h3>

<a href="/developments/batemans-bay-nsw-2536">Batemans Bay</a>, around two hours from <a href="/new-apartments/canberra-act">Canberra</a> and three to four hours south of <a href="/new-apartments/sydney-nsw">Sydney</a> past Jervis Bay and Mollymook, is well known for its relaxed beach lifestyle, as well as its proximity to some of the state's best national parks and pristine waterways.

A rare opportunity has recently presented itself in Batemans Bay with the launch of <a href="/new-apartments/kailani-batemans-bay-50-52-beach-road-batemans-bay">Kailani</a>, a boutique collection of luxury waterside apartments.

[smartcode_project:default project_id=135129 project_image_fid=258269]

There are only five apartments left in the five-level luxury development of 16 units which is being developed and built by the Bowral-based <a href="/developers/kela-building-group">KELA Building Group</a> at 50-52 Beach Road, arguably one of the best sites in Batemans Bay with unobstructed views over nature.&nbsp;

All apartments at Kailani feature a prime northerly aspect with spacious living areas that extend to large balconies offering direct views of Batemans Bay, the foreshore, and the marina.

[smartcode_project:default project_id=135129 project_image_fid=258273]

Designed by architect Nathan Judd of <a href="/architects/judd-studio">Judd Studio</a> in collaboration with <a href="/interior-designers/archebiosis-architects">Archebiosis Interior Architects</a>, Kailani was inspired by the natural beauty of the South Coast region and conceptualised with a focus on longevity and timeless design—ensuring that the building remains relevant and of high quality for decades to come.

Holidaymakers from Sydney tend to often look north and south at quiet coastal locations

Australia's best off the plan coastal developments in 2024

Billbergia has topped out Peake Tower, part of the second stage of its $2.5 billion Rhodes Central masterplan.

The 48-level Peake Tower is the tallest building in <a href="/new-apartments/rhodes-nsw-2138">Rhodes</a>, one of five in <a href="/new-apartments/rhodes-central-oasis-39-marquet-street-rhodes">Rhodes Central</a> that will deliver 3,500 new homes to Sydney's critically undersupplied housing market.

Stage two comprises a combined total of 674 apartments across two high-rise buildings, Peake Tower and Oasis. It will also see the delivery of $70 million in new community infrastructure - including a 9,100 sqm multipurpose community recreation and childcare centre - built in the precinct’s three-level podium through a planning agreement with City of Canada Bay.&nbsp;

&nbsp;

[smartcode_project:default project_id=112691 project_image_fid=196872]

“We are delighted to have reached this exciting milestone on Peake Tower, a critical step towards the completion of this new waterfront precinct at Rhodes," Rick Graf, <a href="/developers/billbergia">Billbergia</a> Development Director, said

"Our vision of creating a highly-connected new community is fast becoming a reality,” said Rick Graf, Development Director at Billbergia."

Located at 34 Walker Street, Peake Tower and Oasis were designed by high-profile architects <a href="/architects/sjb-architects">SJB</a>.&nbsp;

Rhodes Central’s Stage One comprises a total of 568 apartments across two buildings of 25 and 39 storeys. The towers sit above the award-winning, 13,000 sqm Rhodes Central super neighbourhood shopping centre, delivered by Billbergia in 2021.&nbsp;&nbsp;

A significant employment generator, some 10,000 direct and indirect jobs have been created to date by the construction of Rhodes Central, with at least a further 450 permanent jobs within the completed precinct.&nbsp;

Progressive completion of Peake Tower is due in Q3 2024.&nbsp;&nbsp;

[smartcode_project_cta:default project_id=112691]

Billbergia top out Rhodes tallest tower as Rhodes Central approaches completion

Fresh off the back of breaking the Coogee record for the most expensive piece of real estate in the beachside suburb, Sydney property developer Central Element (CE) has acquired its next development site.

They're heading to the Lower North Shore where they've paid $17 million for a site for a mixed-use seniors living project in&nbsp;<a href="/developments/greenwich-nsw-2065">Greenwich</a>.

The design will revolve around the concept of community, pushing the boundaries of form to facilitate shared living experiences and the coming together of those who share a passion for embracing life to the fullest in their later years.

The 1,232 sqm site at 126 Pacific Highway, sits in an elevated position with uninterrupted views of the Sydney Harbour Bridge and CBD skyline. With three street frontages, the site presents an opportunity for a ground-floor retail offering.

<img alt="Central Element acquire $17m Greenwich site" data-entity-type="file" data-entity-uuid="10f4b57f-711d-467b-8a19-1650b1bd497b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/image001.jpg?VersionId=_f4HCv7CsFQiU91187r5TgFZeflRorG4" />

<a href="/developers/central-element">Central Element</a> is planning an eight-level building with car parking, two and three-bedroom apartments, extensive communal space including internal amenity and a rooftop bar with expansive harbour views.

CE will work very closely with the Lane Cove Council having collaborated with them previously on its Aston and Battique developments in the local area.

<img alt="Central Element acquire $17m Greenwich site - view" data-entity-type="file" data-entity-uuid="2d262201-9ea3-4ede-87ed-3e2d52414aa6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/image003_0.jpg?VersionId=WVekYv8JuMYK_gt0fnpdBXPd.Kn4jYge" />

Nathan Chivas, Managing Director of Central Element, said they&nbsp;recognised the opportunity the Greenwich site presented for a world-class mixed-use seniors living development.

"Our intention is to create an environment for those over 60, that is hyper-focused on ageing well and enjoying their third phase of life," Chivas said.

"It’s conveniently located within a five-minute drive or a short walk of St Leonards Railway Station, Crows Nest Metro Station and Royal North Shore Hospital."

CE has previously delivered in the senior living sector. They've developed The Balmoral Collection in Mosman and Malton in Beecroft.

"We look forward to further redefining the seniors living category by catering to the ever-changing wants and needs of older Australians. With Greenwich, we will take a holistic approach to wellbeing, with a design and amenity that will promote daily movement, a shared community and purpose for its residents.”

CE will lodge the application in July, with construction commencing mid-2026.

Central Element snap up $17 million Greenwich apartment site

Harry Seidler's McMahons Point apartment development, Blues Point Tower, is one of the revered architects' most iconic projects.&nbsp;

It's in one of the best spots in the harbourside suburb, just off Blues Point Reserve on Blues Point Road.&nbsp;

They've got the advantage of extensive Harbour views, and residents have convenient access to the city via the McMahons Point ferry. But the tower also stands as a sign of the times in McMahons Point. Most of the apartment developments are decades old.&nbsp;It's been years since a new apartment project was developed.

Cue a new boutique project on a near 1,000 sqm site at 1 Warung Street, under 200 metres from Seidler's landmark.

Vince Squillace's&nbsp;Squillace Architects has put the plans together for seven owner-occupier apartments for a company tied to developer Theo Paradisis from Highbury Group.

<img alt="McMahons" data-entity-type="file" data-entity-uuid="81b631bf-fd88-4c39-9e38-9954603cd967" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-19%20at%203.07.55%20pm.png?VersionId=blVzhQ6BvkzWLL.sWxp.XSc2OSVCac3t" />The proposed building at 1 Warung Street, McMahons Point

Squillace's Design Report said given the given the locality and context of the site, the unit mix, of six three-bedroom apartments and a four-bedroom penthouse, is appropriate for the local market. One and two-bedroom units are less appropriate for the site, they said.

"The proposed seven units responds to the planning controls imposed on the site, appropriately considers the local market demands and reduces what was previously an overdeveloped site which provided a higher number of units but poor amenity and an inferior product."

The current 1960s building homes 12 units, and there had been approval previously for a nine-unit development on the site.

<img alt="Squillace" data-entity-type="file" data-entity-uuid="9f4ef4a8-1561-4096-9f93-38e67ffc5b21" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-19%20at%203.08.13%20pm.png?VersionId=ZhRk2Ay5PpCdWi8erqaQTCtKX5aKIYTh" />The current building at 1 Warung Street, McMahons Point

Squillace said given the&nbsp;existing building is a 1960's residential flat building, it has been identified as an uncharacteristic item within the McMahons Point South Heritage Conservation Area, which is primarily a&nbsp;mix of Victorian and Federation 1920’s and 1930’s housing mixed with some Interwar residential flat buildings.

They said the aim is to "create a high-quality contemporary apartment building that makes a positive contribution to this unique and world-class harbour foreshore site whilst maximising views, sunlight, the natural beauty of this environment and enhancing the lives of its occupants."

First look exclusive: McMahons Point to get rare new apartment development

Luxury developer&nbsp;Central Element has broken all of Coogee's real estate records with the sale of the penthouse at their heritage restoration project, Ballamac House.

The three-bedroom penthouse sold for $20 million, the highest price paid for anything in Coogee.

The 241 sqm penthouse sold for just under $83,000 per sqm internally, and close to $90,000 per sqm when incorporating the 77 sqm of external space.

&nbsp;

The sale trumps the previous suburb record which was $13.1m for a four-bedroom house located on Wolseley Road, just a short distance from Wylie’s Baths ocean pool with views across Coogee beach to Wedding Cake Island.

The record for an apartment was previously held by the recent sale of $8.8m for a 286 sqm four-bedroom penthouse on Carr Street, with panoramic north-facing views across Coogee Beach to <a href="/new-apartments/clovelly-nsw-2031">Clovelly</a>, by former NSW premier Bob Carr.

It also beats the record in neighbouring South Coogee, which is $18.5m for the three-level five-bedroom clifftop residence at 1A Seaside Parade that was achieved earlier this year. Before that, the $16.85m for the Bunya Parade ‘Coogee Castle’ held the record, which was purchased by Fred Schebesta, the co-founder and CEO of the comparison website, Finder, in 2021.

CE’s <a href="/new-apartments/ballamac-house-39-arcadia-street-coogee">Ballamac House</a> has a long and colourful history – established by Charles Moore in 1860, the coveted estate has lived many lives over the years, as a private residence, hotel and infirmary, with many prominent figures passing through its doors.

CE will transform the site into eight prestigious three-bedroom oceanfront residences across two buildings.

The heritage Victorian house itself will undergo a meticulous restoration to reinstate it to its original grandeur as it is converted into two exquisite residences, with the further six dwellings sitting in a new building to the east with awe-inspiring ocean views. The project will launch to market later in the year.

The $20 million sale was to a local owner-occupier who fell in love with the history of the site and the uninterrupted views out to Wedding Cake Island that will be enjoyed from the building's elevated position on Coogee’s north headland.

Cameron Porter, Head of Sales at <a href="/developers/central-element">Central Element</a>, says Coogee is growing as a sought-after destination.

“We’re seeing a lot more buyers in that ultra-luxury downsizer market who would have traditionally been looking in Bondi and Bronte now turn to Coogee, with the suburbs elevated lifestyle offering," Porter says.

"The flurry of hot new restaurants Coogee’s seen appear in recent years, such as Yana and Louie, and of course Coogee Pavillion’s mimi’s, means locals have world-class dining as well as everything else the idyllic coastal suburb has to offer right on their doorstep."

Porter says they knew there was demand for premium apartments in the area following their success of their&nbsp;award-winning Anden Coogee project around the corner.

"With Ballamac House’s enviable location on Coogee’s north headland just up the road from mimi’s, combined with the quality of product that buyers know Central Element can deliver, we’re expecting this project to be snapped up as it launches to market later this year.”

[smartcode_project_cta:default project_id=141700]

Cameron Porter, Head of Sales at Central Element, says Coogee is growing as a sought-after destination

Central Element smash Coogee apartment record with $20 million Ballamac House penthouse sale

Wollongong is set for a new apartment tower.

Plans have been lodged by RM Developments for a $24 million project across a 2,700 sqm site at 41-47 Denison Street, right next to Wollongong Station and the <a href="/developments/wollongong-nsw-2500">Wollongong</a>&nbsp;town centre.&nbsp;

<a href="/architects/design-workshop-australia">Design Workshop Australia</a> (DWA) put together the plans for the 17-level, mixed-use commercial and residential building that will comprise 75 apartments above office tenancies and medical suites.

<img alt=" 41-47 Denison Street podium" data-entity-type="file" data-entity-uuid="cad14906-2cb3-4b4d-b0d8-0f1220d632b1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/41-47%20Denison%20Street.png?VersionId=aZyLqTBVu3wIMWmllD8B817nujiu92Ph" />

The proposal involves partial demolition of an Art Deco-styled brick building and at-grade car parking to make way for the mixed-use development. The podium design integrates the retained façade of the Art Deco building to connect neighbouring buildings and harmonises with Denison Street's streetscape.

DWA's proposal emphasises the importance of the preservation of the existing building fabric to maintain the area's character and inform the curvilinear visual language of the tower levels.

The tower's curved geometry provides a distinct building character, offers residents unique views, and prioritises solar access for residential units and communal open spaces while minimising the overshadowing of neighbouring sites. Balcony elements and glazed vertical elements add visual interest and depth to the tower.

<img alt="Wollongong" data-entity-type="file" data-entity-uuid="f30f9ebc-a75a-42ea-91ea-d790a84d69a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-18%20at%2012.04.29%20pm.png?VersionId=H.NT1RhPGlDrZgO_ilBBZivAoiGJJJuT" />

The Design Excellence Report by GYDE Consulting suggested the&nbsp;proposed mixed-use development will provide high-quality commercial uses on the ground floor, enhancing the site’s public interface suitable to the streetscape and character of the locality, as well as a diverse range of apartment types.

There will be just six&nbsp;one-bedroom apartments, 67 two-beds and two three-bedroom units, as well as&nbsp;gardens on level one, seating areas, barbecue facilities, fitness areas on level nine, and a pool deck with lounging areas and an infinity edge pool on level 17. 151 parking spaces have been proposed for residential, commercial and visitor usage.

<img alt=" 41-47 Denison Street rooftop" data-entity-type="file" data-entity-uuid="f4aa75dc-5a9a-4d4a-97a4-210d08ddbaa5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/41-47%20Denison%20Street%20Rooftop.png?VersionId=ZV4igerSoNhscwx2jDmrA6sZJsCX0cPX" />

In line with best practices for Environmental Sustainable Design (ESD), the project also aims to incorporate various sustainable initiatives such as rainwater collection, deep soil planting, use of water-efficient fixtures, LED lighting, sustainable concrete components, and the potential for solar panels.&nbsp;

The development also plans to include electric car charge points and spaces to promote eco-friendly transportation.

The site's strategic location is within walking distance of key amenities such as Wollongong Train Station, Lowden Square bus interchange, Wollongong Hospital, and Wollongong Central Shopping Centre.

Plans have been lodged for a $24 million project across a 2,700 sqm site at 41-47 Denison Street, right next to Wollongong Station and the Wollongong town centre

First look: Wollongong's latest new apartment tower revealed

In the first four months of 2024, Lower North Shore developer WINIM has launched three new residential projects across their favoured Sydney region.

Following launches of apartments in <a href="/developments/mosman-nsw-2088">Mosman</a> and <a href="/developments/cremorne-nsw-2090">Cremorne</a>, <a href="/developers/winim">WINIM</a> has launched <a href="/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon">Lume Gordon</a>, 14 townhouses ideally located just off Gordon's main retail strip and near&nbsp;<a href="/developments/gordon-nsw-2072">Gordon</a>&nbsp;Station.

They had their go-to architect <a href="/architects/rothelowman">Rothelowman</a> create the house-sized townhomes that offer three, four or five-bedroom configurations.

[smartcode_project:default project_id=7354 project_image_fid=269522]

Lume's architecture is characterised by traditional brick and timber expression. Integral to the design is a smooth, effortless transition from the interiors to the alfresco spaces.

&nbsp;

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings," Gary Tsui of Rothelowman said.

The townhomes feature fireplaces, bespoke cabinetry, wine storage, and expansive alfresco entertaining terraces with a custom-created outdoor kitchen featuring an in-built barbeque and bench seating.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Homeowners at Lume have the option to choose from two interior colour schemes. Amaroo reflects hues of the bushland, dappled light and pale gum trees, while Gully is inspired by stronger and deeper tones of the forest.

&nbsp;

In addition to the individual home amenities, residents of Lume also have access to a landscaped communal outdoor BBQ area, creating opportunities for social gatherings and community interactions.&nbsp;

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The development is designed to integrate with its natural surroundings, with a pathway connecting the residences to a natural creek bed and a raised boardwalk with seating areas.

"The private reserve adjoining Lume’s homes provided us with the rare opportunity to create a very special place for residents. Just as waterways carve their way through Kur-Ring-Gai’s landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis," Ben Newell &amp; Kate Phillips of <a href="/landscape-architect/arcadia-landscape-architecture">Arcadia</a> Said.

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For those who prefer working outdoors, charging stations in the communal area enable a change of scenery while staying connected. This feature aligns with modern lifestyle preferences, offering flexibility and convenience to homeowners.

Lume's proximity to Gordon Village, train station, and shopping precinct, only 300 metres away, provides residents with convenient access to local amenities and services.

Residents can also explore the nearby St Johns Avenue multicultural culinary eat street, adding a diverse range of dining options to their lifestyle.

WINIM kicked off 2024 by launching <a href="/news/nsw/winim-reveal-huntington-residences-cremorne-luxury-apartment-development">Huntington Residences in Cremorne</a> in late January, before <a href="/news/nsw/winim-launch-second-apartment-development-in-2024-as-kl-o-mosman-hits-the-market">then revealing Kleo Mosman</a>.

[smartcode_project_cta:default project_id=7354]

WINIM kicked off 2024 by launching Huntington Residences in Cremorne in late January, before then revealing Kleo Mosman.

Launch Alert: Lume Gordon townhouses mark WINIM's third residential launch in 2024

Eastern Suburbs property seekers have been given one of the best opportunities to buy into the priciest region in Australia at prices not seen in years, with the release of the final apartments in Crown Group's award-winning development, The Grand Residences, Eastlakes.

Due to a shareholder dispute, Crown Group was placed into provisional liquidation in August 2023. The apartments are now being released to the market in an ordinary wind-down of the Group. &nbsp;

The first stage of the project was developed over a five-year period. Beneath the apartments there is a vibrant retail precinct with 15 retailers. Anchored by a large-format Aldi Supermarket, there is also a Woolworths Metro, Australia Post and a variety of speciality stores and services.

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Completed to much fanfare at the beginning of 2022, the first stage won the Urban Taskforce Australia Development Excellence Awards in the Mixed-Use Development category, one of the most prestigious awards a development can get in Australia.

Chair of the Urban Taskforce Judging Panel, Chris Johnson, said The Grand Residences by Crown Group represented an exemplary project in mixed-use developments and urban renewal.

“It will significantly revitalise this previously overlooked area of Sydney and create immeasurable benefits for the local community, allowing it to better meet the needs of the future forecast population growth,” Johnson said.

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Everything Crown Group has done well over the past decade is on show at The Grand Residences. Their commitment to producing larger apartments than the norm is apparent immediately, even with the one-bedroom units which span nearly 60 sqm and have a balcony off the open-plan kitchen, living and dining area. Every apartment within the complex has at least one car space.

Crown Group’s signature high-end amenity is also a key feature at The Grand Residences. On offer for residents is a 25-metre heated pool, gym, landscaped gardens, BBQ facilities, and rooftop deck with panoramic views.

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The Grand Residences offers a gateway into the Eastern Suburbs in terms of both affordability and location. The Evans Avenue address puts residents beside the growing inner-east suburbs of Alexandria and Rosebery. Rosebery has become a hotbed for creative business and coffee culture due to the popular retail and hospitality hub, the Cannery. As well as the thriving cafe scene, residents are also just a 10-minute drive to some of Sydney’s best beaches, the closest being Coogee.

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The provisional liquidators have appointed McGrath Projects and Crown Property Agency to assist with the sell-down of the development.&nbsp;

McGrath Projects and Crown Property Agency have already held a highly successful weekend launch of the apartments, which was attended by a mix of first home buyers, “rightsizers”, investors and owner-occupiers who see the value this Eastern Suburbs address provides.

McGrath Projects Director, Adam Sparkes, says the building offers incredible value for every cohort of buyers looking at the Eastern Suburbs.

“The building is achieving strong rental yields for the area, and since completion two years ago properties have been tightly held. The opportunity to buy at this price point and in this location isn’t likely to come around again.”

[smartcode_project_cta:default project_id=7652]

Final opportunity to buy in The Grand Residences, Eastlakes

National townhouse developer Metro Property Group is well advanced with its latest luxury Sydney townhouse development, Canopy in Crows Nest.

<a href="/buildings/canopy-crows-nest-23-27-wheatleigh-street-crows-nest">Canopy</a> brings just 10 contemporary townhouses to <a href="/developments/crows-nest-nsw-2065">Crows Nest</a>, set on a quiet residential street between St Leonards and Naremburn. Only three remain after being snapped up by locals during the build.

There are three and four-bedroom configurations on offer designed by <a href="/architects/corben-architects">Corben Architects</a>, each&nbsp;with landscaped gardens by <a href="/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, designed for minimal maintenance.

[smartcode_project:default project_id=112885 project_image_fid=269237]

The architectural highlight of the project is the generously proportioned glass doors that offer uninterrupted views of the landscaped gardens and foster a connection between indoor and outdoor areas.

Native plants soften the modern building, while sculptural plants highlight the sunny yards.

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Each townhome at Canopy comes with internal access from its lock-up garage and is serviced by a private internal lift for added convenience.&nbsp;

The residences feature chef's kitchens equipped with high-end European appliances and fixtures, including wine fridges and integrated refrigerators, with the option to upgrade to state-of-the-art Sub-Zero and Wolf appliances.

The contemporary bathrooms showcase a pared-back styling with muted shades and porcelain tiles, contributing to the overall modern aesthetic of the homes.

The townhomes are artfully composed with a calming colour palette, tactile finishes, and a considered lighting plan.

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[smartcode_project:default project_id=112885 project_image_fid=269241]

<a href="/developers/metro-property-group">Metro Property Group</a> also offers purchasers a unique opportunity to be part of the design process, allowing them to tailor spaces and interiors to suit their lifestyle preferences. Additional upgrades such as stone-clad Jetmaster fireplaces are available as centrepieces within the homes.

Canopy is strategically located close to North Shore's vibrant café culture, specialty stores, parklands, and the new Metro Line train service.

The development is on track for completion in mid-2024.

[smartcode_project_cta:default project_id=112885]

The townhomes are artfully composed with a calming colour palette, tactile finishes, and a considered lighting plan

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