<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.

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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.

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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]

Joel Robinson

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.

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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;

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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.

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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

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

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Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

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The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

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Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

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Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

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?

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

National developer Sekisui House has spent just over $110 million on a prime development site in St Leonards for its next apartment development.

<a href="/developers/sekisui-house-australia">Sekisui</a>, currently developing the $1 billion Norwest masterplan as well as the $1.2 billion West Village community in Berisbane's West End, bought the 8,758 sqm freehold site across&nbsp;22-34 Berry Road, 42-46 River Road, and 21-31 Holdsworth Avenue.

[smartcode_project:default project_id=134191 project_image_fid=230]

The sale came with approved plans for 230 apartments across five four to eight-level buildings, as well as a central north-south 'green spine' which will feature a swimming pool area. Some 28 per cent of the site, 2,411 sqm, will be dedicated to communal open space.

The majority of apartments in the project, <a href="/new-apartments/holdsworth-avenue-st-leonards">Waterstone</a>, will be two-bedders, around 50 per cent. There will be roughly 46 three-bedroom apartments and 74 one-bedrooms, catering to a wide range of buyers.

<a href="/project-marketer/colliers">Colliers</a> Asia Markets team secured the <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a>&nbsp;sale through an off-market campaign process with a short four-week settlement.

"This has been a strong result despite current market conditions as active developers continue to seek DA approved development opportunities in a prime location," the Colliers team advised.

[smartcode_project:default project_id=134191 project_image_fid=234]

They said the&nbsp;strategic location of the sites within the St Leonards South precinct adds to their appeal, as they are among the few remaining parcels of land with such immense development potential.

The $110.5 million sale equates to approximately $480,000 per unit site and $4,853 per sqm on GFA.&nbsp;

The vision of the St Leonards South Precinct, described within Lane Cove Development Control Plan 2009, is for a "liveable, walkable, connected, safe, precinct which builds upon the transit and land use opportunities of St Leonards and Metro Stations and commercial centre."

<img alt="St Leonards South" data-entity-type="file" data-entity-uuid="882155e8-b587-4a66-93be-dd12d9f179bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-19%20at%209.32.40%20am.png?VersionId=MalpWFM81TcsJj.XwWhscj4zGoL3xdgR" /> 
A concept image of St Leonards South. Image credit: North Sydney Council

Within the St Leonards South precinct is Top Spring's multi-stage development&nbsp;<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, as well as Hyecorp's under construction <a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">The Audrey</a>.

Meanwhile, Sekisui recently&nbsp;unveiled the final release of apartments in the penultimate stage of their multi-award-winning <a href="/new-apartments/west-end-qld-4101">West End</a> master plan.

They've just taken to market the Opulent release, a collection of four and five-bedroom luxury apartments in the <a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">Allere Collection</a>, which comprises two towers, Uno and Duo.

Uno and Duo, which are 95 per cent sold, will be the second to last buildings in the 2.6-hectare West Village precinct which Sekisui started developing in 2016.

Colliers Asia Markets team secured the St Leonards sale through an off-market campaign process with a short four-week settlement

Sekisui buys St Leonards development site for Waterstone apartments

Busy North Shore developer WINIM has appointed builder <a href="/builders/trescon">Trescon</a> to construct their senior living-focused apartment development Longhouse in <a href="/developments/st-ives-nsw-2075">St Ives</a>.

<a href="/new-apartments/longhouse-st-ives-14-collins-road-st-ives">Longhouse</a> comprises just 18 single-level three-bedroom apartments, strategically designed to cater to over 55 living.

[smartcode_project:default project_id=29965 project_image_fid=189107]

Designed by renowned architecture firm and WINIM's longtime preferred designer partner&nbsp;<a href="/architects/rothelowman">Rothelowman</a>, Longhouse took inspiration from the classic Scandinavian 'Langhaus' design, boasting grand proportions and light-filled structures.

Longhouse cleverly mimics a cluster of small houses, complemented by lush landscaping that enhances the overall ambience.

The landscape-rich setting features strategic plantings, hedging, and carefully outlined boundaries, creating a tranquil and inviting atmosphere for residents.

[smartcode_project:default project_id=29965 project_image_fid=189104]

Construction for the Longhouse is scheduled to commence shortly.

<a href="/developers/winim">WINIM</a> has had a busy start to 2024, launching two luxury projects, <a href="/new-apartments/kleo-mosman-8-12-gurrigal-street-mosman">Kléo Mosman</a>, just 14 apartments on Gurrigal Street, and <a href="/new-apartments/huntington-residences-9-11a-chelmsford-avenue-lutwyche">Huntington Residences</a> in <a href="/new-apartments/cremorne-nsw-2090">Cremorne</a>, another boutique development of just 13 apartments.

&nbsp;

Late last year WINIM <a href="/developments/northbridge-nsw-2063">launched Flo Residences</a> in <a href="/developments/northbridge-nsw-2063">Northbridge</a>, a mix of apartments and townhouses.

[smartcode_project_cta:default project_id=29965]

WINIM has had a busy start to 2024, launching two luxury projects in Mosman and Cremorne

WINIM appoint Trescon to build Longhouse St Ives apartments

A local downsizing couple has spent a record $13 million on the penthouse in Podia's new Neutral Bay apartment development, Wirra.

The size of the apartment, at 200 sqm, and the location of&nbsp;<a href="/new-apartments/wirra-neutral-bay">Wirra</a>, on Ben Boyd Road next to <a href="/developments/neutral-bay-nsw-2089">Neutral Bay</a> Village, were the two contributing factors for the couple.

The apartment has three bedrooms, four bathrooms, and parking for three cars. The buyer hadn't initially been searching in Neutral Bay.

[smartcode_project:default project_id=112750 project_image_fid=232634]

All the penthouse levels have now been snapped up, with 30 per cent of the 20 apartments already sold.

The sale was facilitated by Michelle Dong from Australian Property Group in partnership with Atlas. Dong said the sale underscored the growing demand for high-end living spaces with iconic panoramic city and harbour views in the suburb.&nbsp;

“This sale firmly positions Wirra, Neutral Bay alongside similarly luxurious projects in Sydney’s CBD and Eastern Suburbs,” Dong says.

[smartcode_project:default project_id=112750 project_image_fid=232640]

Wirra joins Podia’s portfolio of growing projects including the new luxury hotel-apartment development <a href="/new-apartments/the-bonobo-by-raes-byron-bay">The Bonobo by Raes</a>&nbsp;in <a href="/new-apartments/byron-bay-nsw-2481">Byron Bay</a>, in partnership with hotel and hospitality brand, Raes. The project sits&nbsp;opposite Merivale’s hospitality redevelopment of the former Cheeky Monkey’s.

The Bonobo by Raes, under construction and 75 per cent sold, comprises 41 two, three and four-bedroom hotel apartments which are due for completion in the next 12 months.&nbsp;

Podia has also recently purchased a 16,000 sqm mixed-use site in Salt Village, <a href="/new-apartments/kingscliff-nsw-2487">Kingscliff</a> that they are redeveloping into a community-focused precinct which will offer a diverse variety of housing and accommodation options.&nbsp;

[smartcode_project:default project_id=112750 project_image_fid=232669]

Wirra Neutral Bay, a collaboration between Podia and Centennial, has been designed by&nbsp;<a href="/builders/mhn-design-union">MHNDU</a> with interiors by <a href="/interior-designers/richards-stanisich">Richards Stanisich</a>.&nbsp;

Ultra Building Co will build Wirra, which is slated for completion in late 2025.

[smartcode_project_cta:default project_id=112750]

$13 million Wirra penthouse sets Neutral Bay off the plan apartment record

Prominent Sydney developer&nbsp;<a href="/developers/deicorp">Deicorp</a> has released the final units within its <a href="/developments/zetland-nsw-2017">Zetland</a> mixed-use development, Downtown.

The final release, The Arches, completes the 546 apartments the project is set to deliver in the inner-city precinct at 106-116 Epsom Road, on the <a href="/news/nsw/how-deicorps-downtown-is-taking-advantage-of-zetlands-popularity-boom">fringe of the creative suburb Rosebery</a>.

The Arches is characterised by "an iconic archway entrance that transitions to peaceful inner courtyard spaces."

[smartcode_project:default project_id=7106 project_image_fid=239170]

Designed by architecture giants <a href="/architects/mhn-design-union">MHNDU</a> and <a href="/architects/bvn-architecture">BVN,</a> The Arches offers open floor plans with generous balconies designed to let in ample natural light and enjoy the surrounding views.&nbsp;

Upon completion, <a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown Zetland</a> will comprise four distinct residential buildings ingeniously connected via laneways, creating a vibrant village where residents can enjoy absolute convenience.

[smartcode_project:default project_id=7106 project_image_fid=239172]

In addition to the various verdant pathways, the buildings at Downtown will be crowned by rooftop gardens, surrounded by generous lush landscaping.

Downtown has experienced strong buyer demand from both owner-occupiers and investors. As the project nears its completion, inquiries and sales continue to surge.

The Epsom Road, city fringe location has been one of the main drivers in demand at Downtown.&nbsp;

Read more:&nbsp;<a href="/news/nsw/how-deicorps-downtown-is-taking-advantage-of-zetlands-popularity-boom">How Deicorp's Downtown is taking advantage of Zetland's popularity boom</a>

[smartcode_project:default project_id=7106 project_image_fid=239176]

Downtown is conveniently located just a short stroll to the East Village shopping centre, as well as Green Square Train Station, which will get residents to the CBD in a flash or the airport in just 20 minutes.&nbsp;

The City of <a href="/new-apartments/sydney-nsw">Sydney</a> has also committed $540 million to create world-class community facilities including an innovative new library and plaza, an aquatic centre, many parks and playgrounds, a childcare centre and a creative hub, which upon completion will put residents within five kilometres of 127 parks, cafes and restaurants.&nbsp;

There are now just a handful of apartments left to sell, ahead of Downtown's estimated completion in mid-2024.

[smartcode_project_cta:default project_id=7106]

Upon completion, Downtown Zetland will comprise four distinct residential buildings ingeniously connected via laneways, creating a vibrant village where residents can enjoy absolute convenience

Deicorp release The Arches, final Downtown Zetland release

Third.i Group has appointed iCIRT-rated builder&nbsp;Dilcara as the builder for its boutique Potts Point apartment development, Muse.

The decision follows Dilcara's track record as a renowned builder with expertise in delivering luxury projects across Australia.

[smartcode_project:default project_id=112613 project_image_fid=231689]

Adam Marshall, Head of Development at Third.i, expressed excitement about the collaboration, highlighting Dilcara's reputation as a trusted builder and long-standing relationship with Third.i.

"Dilcara will be coming into an established consultant group of leading designers like WMK and Mathieson," Marshall said.

Dilcara has worked with <a href="/developers/thirdi-group">Third.i</a> for several years, previously building their headquarters in North Sydney.

"We have been working alongside Third.i since we first started our business. There's been a really long relationship," <a href="/developers/dilcara-construction">Dilcara</a>&nbsp;Managing Director Antonie&nbsp;Gittany said.

[smartcode_project:default project_id=112613 project_image_fid=231690]

<a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse</a> in <a href="/developments/potts-point-nsw-2011">Potts Point</a> is Third.i's&nbsp;debut project in the affluent harbourside suburb. It comprises just 13 one, two, and three-bedroom apartments on Brougham Street near <a href="/new-apartments/woolloomooloo-nsw-2011">Woolloomooloo</a>.&nbsp;

Designed by <a href="/architects/wmk-architecture">WMK Architecture</a>, the project aims to reflect the architectural and natural heritage of one of <a href="/new-apartments/sydney-nsw">Sydney</a>'s oldest neighbourhoods.

A communal rooftop with a residents-only pool and expansive scenery will top off the project.

[smartcode_project:default project_id=112613 project_image_fid=231686]

"Now Dilcara have joined the team, we're just a few weeks away from starting demolition on site," Marshall added.

Construction is expected to wrap up by the end of 2025.

[smartcode_project_cta:default project_id=112613]

Dilcara has worked with Third.i for several years, previously building their headquarters in North Sydney

Third.i appoint builder at Muse Potts Point

Sustainability-focused developer <a href="/developers/orosi">OROSI</a> has successfully obtained approval for its boutique Randwick apartment project.

They're now set to demolish the houses at 3-4 Llanfoyst Street, near <a href="/new-apartments/randwick-nsw">Randwick</a>&nbsp;high street, following sign off from the Land and Environment Court to build a four-level development with 11 apartments.

OROSI, who do it all including designing and building the project, said in their design statement submitted to the Randwick City Council that the project is designed to integrate into the site and the locality and reflect the style and design of character provided for in the Councils future vision for the area.

"The context of the area of Randwick is largely characterised by a mix of 2-4 storey multi-unit and two storey dwellings. The building aims to sit comfortably in its context with the front and rear setbacks being mindful of the existing neighbouring buildings.

"The purposed building proposes to use concrete as the primary exterior skin and a brick podium base to further embed the proposal within its context."

They said the project will provide "quality residential housing to suit the local market demand."

Residents will have access to the wellness facilities in the building which will include a&nbsp;sauna, spa, plunge pool, and zen garden.

OROSI has already completed several multi-residential projects in Randwick, including one on Stanly Street, another on Llanfoys Street, and two on Carrington Road.

OROSI ready new Randwick apartment development after court approval

Investors in Sydney haven't been deterred by the 2023 interest rate hikes which took

Data by MatterFact, Apartments.com.au's new data product, shows there have been just as many investors so far in 2024 compared to the same time in 2023.

Numbers are still around 20 per cent down from where they were in early 2022, when the official cash rate was at a record low 0.1 percent and investors could make investing stack up on a wider scale.

Investors have tended to look outside of the city for affordability, apart from <a href="/news/nsw/game-changing-north-sydney-apartments-approach-completion-as-aqualand-reveal-aura-display-apartments">Aqualand's game-changing AURA by Aqualand project</a> which is soon to complete.

We've crunched the numbers and wrapped up the top five apartment developments that have drawn the interest of first home buyers so far in 2024.

<h2>Projects: The Grand</h2>

<h3>Location: 27-37 Mann Street, Gosford NSW 2250</h3>

<h3>Developer: TQM Group</h3>

<a href="/developments/gosford-nsw-2250">Gosford</a>, the entry point to the Central Coast, is undergoing a huge gentrification, which kicked off at the start of COVID-19 when the need to be in the office five days a week became redundant.

With that trend continuing, more so in <a href="/new-apartments/sydney-nsw">Sydney</a> than any other capital city, Gosford is still in vogue for both owner-occupiers and investors.

While development is rife, joint venture partners <a href="/developers/tqm-group">TQM</a> and <a href="/developers/ace-property-group">Ace Property Group</a> have sought to make their Gosford project, <a href="/new-apartments/the-grand-gosford-27-37-mann-street-gosford">The Grand</a>, stand out.

[smartcode_project:default project_id=22753 project_image_fid=210668]

The 18-level tower, designed by Sydney-based, internationally recognised architecture firm <a href="/architects/kannfinch">KANNFINCH</a>, will house 138 apartments, set above an activated podium.

Within the podium, on street level, will be several food and beverage tenancies when the building is complete in 2025.

The podium levels will be crowned by a residents' infinity pool and a landscaped garden, designed by <a href="/landscape-architect/site-image">Site Image Landscape Architects</a>.

The Grand is located toward the southern end of Mann Street, near the water. However, The Grand’s easy access to the Central Coast Highway, and its proximity to the Gosford Train Station less than 700 metres away, makes it an easy commute to both the city and exploration of the surrounding beaches, forest reserves, and beachfront national parks.&nbsp;

<h2>Projects: Fox Lane</h2>

<h3>Location: 2 Fox Lane, Rockdale NSW 2216</h3>

<h3>Developer: TQM Group</h3>

TQM Group's next generation of urban-designed apartments has become one of the most sought-after addresses in <a href="/new-apartments/rockdale-nsw-2216">Rockdale</a>, particularly by investors and first-home buyers alike.

<a href="/new-apartments/fox-lane-rockdale-499-princes-highway-rockdale">Fox Lane</a> comprises 43 studio, one, two and three-bedroom lofty, modern apartments with balconies above two ground-floor commercial spaces. The apartments start at $539,000.

The <a href="/architects/place-studio">Place Studio</a>-designed building is crowned by rooftop amenities, including a cinema, pool and BBQ area, which are complemented by easy access to some of Rockdale’s many local amenities and urban conveniences.

[smartcode_project:default project_id=141702 project_image_fid=228149]

The $50 million project is conveniently located at 2 Fox Lane, a quiet but active corner just off Princess Highway.&nbsp;

Fox Lane is only an eight-minute walk to Rockdale or Banksia Station, for a hassle-free 30-minute commute to the CBD.

The Place Studio-designed development also places residents within reach of an array of local amenities. Whether it's a day at Brighton-Le-Sands Beach, a visit to the Ador Park Precinct, or a round of golf at Bardwell Valley Golf Club, recreational options are plentiful.

The culinary scene around Fox Lane is equally impressive, teeming with a vibrant café and restaurant scene with some of the best food and dining spots nearby.

<h2>Projects: Auburn Square</h2>

<h3>Location: 26-36 Northumberland Road, Auburn NSW 2144</h3>

<h3>Developer: Tian AN Australia Ltd</h3>

<a href="/new-apartments/auburn-nsw-2144">Auburn</a> is a hub of connectivity situated in the geographical heart of Sydney, offering the benefits of suburban living, with great transport accessibility to business centres including <a href="/new-apartments/parramatta-nsw">Parramatta</a> and the CBD, only ten minutes away by train. This strategic location enhances the property's potential for long-term residency and rental yield.

There is no end of demand from home buyers and investors who want to live in Sydney’s gentrifying inner Western suburbs, especially since having turned around from the coronavirus-induced slump that occurred throughout much of 2020.

The latest data from Apartments.com.au, shows investors are interested in developer <a href="/developers/tian-an-australia">Tian An LFD</a>'s Auburn apartment development, <a href="/buildings/auburn-square-26-36-northumberland-road-auburn">Auburn Square</a>.

[smartcode_project:default project_id=7317 project_image_fid=248566]

Auburn Square comprises 427 residences in one, two, and three-bedroom configurations, including nine retail and commercial suites and various amenities.

The development offers affordable apartments, with one-bedroom and two-bedroom units starting below $600,000—below the Sydney median. This affordability makes it a feasible entry point for first-home buyers and investors.

The first stage of Auburn Square, which comprises 148 apartments across a ten-level building, has recently been completed and is ready for occupancy.&nbsp;

Retail spaces on the ground floor, along Northumberland Rd, connecting directly to Auburn Town Centre, are also now available for lease.

<h2>Projects: AURA by Aqualand</h2>

<h3>Location: 168 Walker Street, North Sydney NSW 2060</h3>

<h3>Developer: Aqualand Australia</h3>

Exciting changes are coming to <a href="/new-apartments/north-sydney-nsw">North Sydney</a>, making it a vibrant hub for new homeowners, businesses, and visitors.&nbsp;

With plans for rejuvenated public spaces, the upcoming Victoria Cross metro line, $11 billion in proposed building projects, and over 30 new retail and hospitality brands on the way, North Sydney is set to become more connected and convenient.

<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> will be the first grand residence in the area and is the anchor to it all.

While the majority of buyers in <a href="/developers/aqualand-australia">Aqualand</a>'s game-changing North Sydney landmark were downsizers and young families, now at 90 per cent complete, Apartments.com.au is seeing several buyers looking to invest in AURA.

[smartcode_project:default project_id=30959 project_image_fid=202996]

AURA by Aqualand comprises 386 apartments above a two-level podium with several retail and commercial spaces which will activate the Walker Street streetscape.

AURA by Aqualand’s extensive retail precinct will provide residents with a curated shopping and dining destination on their doorstep, including a providore, bakery, café and wine bar, an all-day diner and a contemporary Japanese restaurant.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=218392]

Other resident amenities include a 24-hour concierge service, a Technogym-equipped gymnasium, a wellness room, a pool of Tesla cars to share, and end-of-trip facilities. A glamorous rooftop area offers a sky sun deck, private dining rooms, barbecue and kitchen space for year-round al fresco entertaining.

The building will also benefit from a building management system to monitor and control the building’s services to ensure efficient management and allow for early detection and rectification of any issues to ensure the building is always operating optimally.

Aqualand has also engaged a third party to undertake a peer review on quality assurance once the fit-out is complete, giving buyers even more assurance of a quality build.

<h2>Projects: Heritage</h2>

<h3>Location: 37 Virginia Street, North Wollongong NSW 2500</h3>

<h3>Developer: MODCO Constructions</h3>

Over the last two decades in particular, <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a> has become the hub of the region, with extensive development of retail and hospitality precincts, the introduction of the electrified train line in the early 1990s, and hospitals and other industries making it the anchor point for all those who live in the district.

The appeal extends to Wollongong's beaches, lifestyle, and cultural offerings, making it an attractive location for owner-occupiers and especially investors.

iCIRT-rated builder developer <a href="/builders/modco-constructions">MODCO Constructions</a> has been clever in its approach to its nearly completed <a href="/new-apartments/north-wollongong-nsw-2500">North Wollongong</a> apartment development, <a href="/buildings/heritage-37-virginia-street-north-wollongong">Heritage</a>.

[smartcode_project:default project_id=142643 project_image_fid=236240]

Despite only having 22 apartments, they've had PRD Architects design the floor so they're offering one, two, and three-bedroom apartments, which has especially appealed to investors enquiring in Apartments.com.au recently.&nbsp;

Heritage presents a rare opportunity to purchase a brand-new apartment just 400 metres from North Beach.

Due to the size of North Wollongong, just 136 hectares, there's not too much opportunity to buy a brand new apartment. Comparatively, the suburb of Wollongong is almost ten times North Wollongong. The size of a suburb always tells us there's unlikely going to be an oversupply, which helps support prices for the long term.

Homeowners can anticipate a swift move-in by early next year.

Sydney's top five trending apartment developments for investors in 2024

The recent release of the ABS housing data shows that, on an annualised basis, approvals remain&nbsp;at record lows since the GFC, recording yet again the worst performance in the last decade by a long way.

Only 44,675 new dwellings were approved in NSW in the 12 months to January 2024, a far cry from the 90,000 approvals needed in NSW each year.

There needs to be 7,500 approval each month, and January 2024 saw just 2,875 approvals.

&nbsp;<img alt="ABS Building Approvals Month by Month" data-entity-type="file" data-entity-uuid="31df1aa6-ee0a-40de-b2e4-2c4214289aa6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ABS%20Building%20Approvals%2C%20MbM.jpg?VersionId=BFLnv8ll2s5.hpN1nmqVyC4t_tMBUwzu" />

Total dwelling approvals in NSW fell by nearly 15 per cent in January, the worst decline of any state. Victoria fell by nearly 10 per cent, and South Australia over seven per cent. Queensland record a rise of over 31 per cent in dwelling approvals.

Urban Taskforce CEO Tom Forrest said in the forthcoming Federal Budget, it is critical that Prime Minister Albanese and Treasurer Chalmers assist the states with building the new homes we so desperately need by supporting housing supply with infrastructure funding.&nbsp;

"The importance of infrastructure funding and delivery is becoming increasingly evident as the cause for the slow rate of approvals."

Forrest said it is the Commonwealth&nbsp;which has opened the doors to a massive wave of post-COVID&nbsp;migration and has benefitted from the taxation revenue generated by the influx of skilled migrants.

"It is the Commonwealth that called the State Premiers together and proposed the National Housing Accord," Forrest said.

"The Federal Budget has been boosted by this immigration as well as the strong performance of minerals prices and the mining export sector. It is the Commonwealth that has the fiscal resources to support infrastructure to drive housing supply so it’s time that the Commonwealth helped out the states with significant funding for infrastructure."

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ABS data for January 2024: We must focus on getting approvals up or the housing crisis will continue

NSW housing approvals remain at record lows

Sydney's off the plan market could see an increased demand in 2024 as Sydneysiders grapple with the cost of living in the most expensive capital in the country, Charter Keck Cramer forecast.

The property advisory giant's <a href="/developments/sydney-nsw">Metro Sydney</a> State of the Market H2 2023 said there is&nbsp;considered enhanced opportunity for apartment projects to receive increased demand in the Harbour capital, given buy to sell apartments&nbsp;represent the most affordable dwelling typology. They note however there needs to be a expectation recalibration due to budget constraints.

CKC believe 2024&nbsp;will continue a growing trend of “sub-market division” where projects within the same precinct are either successful or not based on adequately meeting demand expectations.

"Projects that are design-led, respond to target market requirements and feature a reputable builder will mitigate risk and show greater success," the report read.

CKC believe the “cascade" effect will continue to play out in 2024

"The “cascade” effect can be described as the trade-off/s made by occupiers in terms of the type of housing, number of bedrooms, location, type of tenure and number of people per household," the report read, adding that the trade-offs are primarily driven by buy or rent price points and availability of stock."

<h2>Sydney's new supply issues</h2>

Supply has been an issue across every capital city for a number of years.&nbsp;The NSW Government has committed to the provision of around 375,000 new dwellings between 2024 to 2029 to assist in meeting the National Housing Accord which is 75,000 dwellings per annum.

Last year there were only 8,300 apartments completed in Metro Sydney, around one-third of annual supply requirements. Only 6,300 apartments were launched, -31% below the previous low experienced during the pandemic.

"Launches are anticipated to increase meaningfully when interest rates are cut and there is greater certainty around the suite of new planning controls," CKC noted.

<img alt="CKC" data-entity-type="file" data-entity-uuid="60290cdd-c460-43e1-a00c-8e17894cac45" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%209.56.36%20am.png?VersionId=r4jIZFLKbT9jmPGlUAY06hdc_.qUH1d4" />

In 2023, construction commenced on 7,200 apartments, the lowest number of apartment commencements recorded over the past decade and a decrease of -76 per cent on the peak commencements during 2016.

Sydney's middle and outer regions remain prevalent as new supply locations according to CKC.

"Sydney’s more centralised and middle regions have historically delivered the greatest volume of new apartments. Sydney’s Outer Region however demonstrates its growing importance to metropolitan Sydney’s apartment supply in an evolving market.

"The Middle and Outer Regions of Sydney are playing a key role in housing Sydneysiders and this trend is forecast to continue. The introduction of the Transit Oriented Development State Environmental Planning Policy will also provide a renewed focus on intensified infill development throughout a range of metropolitan locations."

<h2>Sydney off the plan apartment pricing</h2>

The report noted that the&nbsp;Sydney residential property market reflects a 68 per cent differential in median prices between detached houses and units.

"This median price gap is significant by historic standards and expected to funnel demand into the more affordable unit market, particularly as future price increases are anticipated to outstrip income growth," the report noted.

"The percentage of household income required to service a mortgage is close to the highest ever recorded and buyers now need to make tradeoffs should they wish to make a purchase decision."

<img alt="CKC prices" data-entity-type="file" data-entity-uuid="6e88ecee-c219-4483-b45e-f6206a50947c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%2010.01.50%20am.png?VersionId=INT0eGYIf94Rf0rhyNCIMyHfeWxbrU93" />

CKC said price has become a more critical factor for apartments, with the differential between new off the plan and established apartments of greater consideration.

"This differential can often exceed 20% although the benefits of a new apartment have become less attractive than a more affordable established alternative product in the same location.

Recent median price growth in numerous established apartment locations has been driven by greater demand for more affordable secondary product. Until the price gap between “new” and “established” apartments narrows, there is considered less opportunity in the current market to increase off the plan pricing.

<h2>Sydney's 2024 Property Outlook</h2>

CKC believe that with expected rate cuts, or at least rate retention, coupled with the introduction of Federal Government Stage 3 tax cuts, the outlook for the residential property market is expected to be more favourable by mid-2024.

"Median apartment prices have shown incremental growth since the cash rate has (mostly) been on hold since mid-2023 and we anticipate that rate cuts will be a key impetus to stimulate confidence and accelerate price growth."

They said interest rate cuts and increased development capacity through planning policies will collectively not be enough to facilitate delivery of the unprecedented quantum of build to sell and build to rent apartment supply required to achieve the Federal and State Government aspirational housing targets.

"To conclude, the BTS and BTR apartment markets will continue to improve over the course of 2024 and with the market so chronically short of new supply there stands to be a very strong and elastic response as conditions start to improve over 2024 and into 2025."

Demand to come in Sydney's off the plan apartment market: Charter Keck Cramer H2 2023 Report

Property developer <a href="/developers/inca-property-group">INCA Property Group</a> has launched its Waitara parkside apartment development, Tara on Park, in collaboration with respected architects and interior designers <a href="/architects/aplus-design-group">Aplus Design Group</a>.

<a href="/new-apartments/tara-on-park-36a-38-park-avenue-waitara">Tara on Park</a> comprises 29 one, two, and three-bedroom apartments overlooking Mark Taylor Oval.

The apartment building is characterised by gently curved balconies and a thoughtful interplay of materials.&nbsp;

[smartcode_project:default project_id=136774 project_image_fid=211571]

Tara on Park is "designed &nbsp;to capture the simple elements of life – the large open spaces and natural toned material palette connects each residence to the outdoor environment.”

Generous floor plans define the interiors, with ground-floor apartments flowing to expansive private courtyard gardens. Three penthouse-level residences have sun-soaked wraparound terraces with district views.

[smartcode_project:default project_id=136774 project_image_fid=211574]

Each apartment features floor-to-ceiling glass that leads out to balconies, drawing in natural light and providing panoramic views of Mark Taylor Oval, Waitara Park Playground, and the Mark Taylor Tennis Courts.

The kitchens serve as a focal point for social gatherings, featuring a breakfast bar with timber batten detailing for a textured effect, and reconstituted stone in Calacatta marble for benchtops and splashbacks

All kitchens are equipped with Fisher &amp; Paykel appliances, including an integrated dishwasher, while penthouses will have the added luxury of twin ovens and a 90cm cooktop.

[smartcode_project:default project_id=136774 project_image_fid=211570]

Tara on Park also provides its residents amenities to enjoy, including a landscaped communal area featuring a barbecue and covered seating shaded by a towering established tree.

There will also be the convenience of basement security parking with lift access and storage cages for all apartments, with some two-bedroom and all three-bedroom units offering double parking.

[smartcode_project:default project_id=136774 project_image_fid=211576]

Tara on Park is just an eight-minute walk to Westfield Hornsby and a six-minute walk to <a href="/developments/waitara-nsw-2077">Waitara</a> station. The station provides a direct service to Wynyard station in the CBD within 40 minutes.

Tara on Park is slated for completion in July 2024.

[smartcode_project_cta:default project_id=136774]

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