Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

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?

Burgeoning Sydney developer Top Spring&nbsp;Australia has revealed the next stage of its parkside St Leonards masterplan, The Newlands.

Soon to be released to the market, the second stage will comprise 112 across two new buildings,&nbsp;Saige, Gaia, which will form the heart of the sought-after 1.26-hectare masterplan&nbsp;across the road from Newlands Park.

<a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a> has been one of the most sought-after developments in the <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a> South precinct since it was officially launched to the market in late 2022. Quietly set off Canberra Avenue, The Newlands residents will be just minutes from the St Leonards activity centre and the train station but with the peace and privacy that living opposite a park brings.

[smartcode_project:default project_id=24509 project_image_fid=257585]

A report by Colliers showed the project has been popular with owner-occupiers who were attracted to the&nbsp;precinct’s amenity and harbour-side lifestyle within a green landscape of bushland and parks.

Colliers Project Director, Daniel McMahon, said St Leonards is continuing to record strong growth with significant residential and infrastructure projects in the pipeline.

“Just minutes from St Leonards, The Newlands is a breath of fresh air for purchasers looking for lower density, leafy spaces, and a more suburban neighbourhood,"&nbsp;McMahon said.

“On Canberra Avenue, this amenity-rich lifestyle development is a 10-minute walk to the harbour, but still close enough to St Leonards, Crows Nest and North Sydney to benefit from the area’s major projects, transport, employment opportunities, and urban convenience.’’

[smartcode_project:default project_id=24509 project_image_fid=263846]

Top Spring Australia Managing Director, Sydney Ma, said a diverse mix of purchasers and household types have preferred to secure a home at The Newlands, only five kilometres from the CBD.

“The Newlands is a rare opportunity for urban renewal and housing diversity, with the Bates Smart- designed community of 319 spacious homes across five low and mid-rise buildings appealing to families, professional couples, downsizers, first home buyers and investors,’’ Ma said.

“Ninety per cent of apartments and terrace homes at The Newlands will have green landscape views and some offer absolute park frontage to the soon to be expanded Newlands Park, and all the buildings are connected by a 5,700 sqm communal green spine with boardwalks.

“Bordered by parkland on three sides, the community provides unrivalled resident facilities including rooftop dining and entertaining spaces, pool, gym, communal electric vehicles and e-bikes for hire, refrigerated parcel lockers for grocery deliveries, and a digital concierge to connect services such as cleaners, personal trainers, and dog walkers.’’

[smartcode_project:default project_id=24509 project_image_fid=234815]

The Newlands is being marketed by Colliers, with prices starting at $878,000 for a one-bedroom apartment, $1.48 million for two-bedroom apartments, and $2.45 million for three-bedroom apartments.

The Newlands is under construction with 4.5-star iCIRT-rated builder DASCO, and the first stage is due for completion in late 2025.

<a href="/developers/top-spring-australia">Top Spring Australia</a> is also delivering the luxury developments Munro House in Elizabeth Bay and Ode in Double Bay, both of which are under construction.

[smartcode_project_cta:default project_id=24509]

The Newlands is being marketed by Colliers, with prices starting at $878,000 for a one-bedroom apartment

Top Spring Australia release next stage of St Leonards parkside masterplan, The Newlands

Apartment giant Meriton has officially sold out its Zetland apartment development, Allegra.

Meriton Company Director, James Sialepis, expressed his pride in Allegra's sellout, highlighting Meriton's exceptional track record in the area.

"Meriton has been instrumental in transforming Green Square from its industrial roots into today's thriving town centre, buzzing with life and energy," Sialepis said.

"Our journey in Zetland has been incredibly fulfilling, and with our dedicated team's hard work, we've once again met Sydney's demand for quality housing."

<a href="/buildings/allegra-94-epsom-road-zetland">Allegra</a>, completed last year, comprises a mixture of apartments and townhouses across four buildings on Epsom Road alongside&nbsp;Gunyama Park.

The buildings range from six to 13 levels, with the lower-level apartments offering an outlook of Gunyama Park's lush greenery or the internal landscaped gardens, while the upper-level units offer views of the CBD skyline and the coastline.

[smartcode_project:default project_id=25281 project_image_fid=209639]

<a href="/architects/sjb-architects">SJB Architects</a>&nbsp;designed Allegra which comprises 260 single and dual-level apartments alongside terraced homes and rooftop penthouses.&nbsp;

Apartments feature large living areas extending to private balconies, courtyards, or alfresco terraces, kitchens equipped with BOSCH appliances, bathrooms and ensuites with free-standing baths, internal laundry facilities, and provisions for super-fast broadband and pay TV via fibre optic cabling.

[smartcode_project:default project_id=25281 project_image_fid=209637]

Its strategic&nbsp;location in <a href="/developments/zetland-nsw-2017">Zetland</a>, near the new Gunyama Park Aquatic and Recreation Centre adds to its appeal, providing residents with convenient access to a range of external amenities besides its own.

Residents at Allegra will also have access to various in-house lifestyle amenities and services, including an indoor aquatic centre with a heated pool, spa and sauna, a fully equipped gymnasium, landscaped communal gardens, BBQ pavilions and open lawns, an exclusive resident-only outdoor kids play area, a My parcel Locker system, and dedicated on-site building management.

[smartcode_project:default project_id=25281 project_image_fid=216955]

<a href="/developers/meriton" target="">Meriton</a>&nbsp;was offering its finance assistance,&nbsp;Meriton Property Finance, to Allegra buyers, including a three-year fixed interest rate at 4.75 per cent and up to 90 per cent of the purchase price without a valuation requirement.

Investors were guaranteed a tenant on settlement.

[smartcode_project_cta:default project_id=25281]

Meriton sell out Allegra Zetland

Builder developer PERIFA has launched one of the only new apartment developments in Kingsford in Sydney's tight Eastern Suburbs off the plan apartment market.

<a href="/buildings/botanica-kingsford">Botanica</a>, which is currently under construction by PERIFA's building arm <a href="/builders/versatile">Versatile</a>, comprises 58 studio, one, and two-bedroom apartments catering to young professionals, families, and investors looking for an affordable address <a href="/new-apartments/kingsford-nsw-2032">in an area</a> which has a vacancy rate of around one per cent.

[smartcode_project:default project_id=143113 project_image_fid=265531]

The studio starts at $580,000, while one-bed apartments are priced at $725,000 through <a href="/project-marketer/laver-residential-projects">Laver Residential Projects</a>. The average size for one-bedroom units at Botanica ranges from 40 to 45 sqm internally, with most apartments also featuring private balconies.

Designed by <a href="/architects/studio-johnston">Studio Johnson Architects</a>, Botanica features a cross-flow design that maximises natural light and ventilation. Most units also offer a northern aspect, with some offering views of the CBD.&nbsp;

[smartcode_project:default project_id=143113 project_image_fid=245908]

Residents will also have access to communal amenities such as the garden and barbeque area for leisure and social gatherings.

Botanica's walking proximity to public transport, with the added convenience of the nearby UNSW campus and Prince of Wales Hospital just five minutes away, further adds to its appeal.

Botanica Kingsford is slated for completion in June 2024.

Last year we caught up with <a href="/developers/perifa">PERIFA</a> Founder Fabrizio Perilli to talk about the Sydney off the plan apartment market.

Read more:&nbsp;<a href="/news/nsw/how-perifas-vertically-integrated-model-brings-confidence-to-off-the-plan-apartment-buyers-five-minutes-with-perifa-co-founder-fabrizio-perilli">How PERIFA's vertically integrated model brings confidence to off the plan apartment buyers: Five minutes with PERIFA Founder Fabrizio Perilli</a>

[smartcode_project_cta:default project_id=143113]

Designed by Studio Johnson Architects, Botanica features a cross-flow design that maximises natural light and ventilation

PERIFA launch Botanica Kingsford apartments

Almost every Sydney suburb, at one time or another, will go through its gentrification phase.

Surry Hills was traditionally a working-class area in the 1980s and 1990s before it gentrified to the point that buying into the suburb has become out of reach for the majority.

The likes of the adjoining Redfern, Newtown and Darlinghurst have all been subject to gentrification over the last few decades, resulting in significant growth in property values.

Now seems to be the turn of Merrylands, the small suburb next door to Parramatta.

Research from property data analytics firm CoreLogic suggests property in <a href="/new-apartments/merrylands-nsw-2160">Merrylands</a>, and the adjoining Guilford, has been the strongest performing suburb in any Sydney suburb, at the top of the food chain with the southern end of the Eastern Suburbs.

Their data suggests dwelling values, which incorporate both houses and apartments, have risen just shy of 15 per cent in the 12 months to April, significantly higher than the 9.6 per cent growth Sydney-wide over the same period.

Buoyed by their involvement in the growing area is diversified property developer <a href="/developers/coronation-property">Coronation Property Group</a>, who is well advanced in the construction of their $650 million Merrylands masterplan, <a href="/buildings/mason-main-merrylands-245-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>.

[smartcode_project:default project_id=31751 project_image_fid=161007]

Mason &amp; Main has been designed to be the leader of gentrification in the area, with not only an influx of well-designed apartments by Woods Bagot, but to create a central precinct that goes beyond the four walls of the home.

The five towers, a mix of build-to-rent and build-to-sell, will sit above a cool 'Eat Street', which is expected to be open later this year, with a string of yet-to-be-announced hospitality venues and retailers set to create an all-round lifestyle hub for both residents of Mason &amp; Main as well as the wider community.

[smartcode_project:default project_id=31751 project_image_fid=161005]

Coronation already announced the tenancy of One Playground, the popular nightclub-like workout venture that has gyms in Newtown and Marrickville.&nbsp;

A big driver in gentrification is how connected a suburb is. The more well-connected the suburb, the more likely population will grow. And with population growth comes investment.

Coronation has long known the importance of developing in a connected suburb. Mason &amp; Main is less than 400 metres from Merrylands Station, which is one stop from Parramatta Station and a short-minute commute into Central Station.

Everything is at the foot of the masterplan. Stockland Merrylands, with 180 retailers and anchored by a Woolworths, Coles, Aldi and a Kmart sits behind the project, while the Merrylands RSL, Billabong Hotel, and Merrylands best restaurants, are all centred around the heritage-listed train station.

North of Mason &amp; Main is&nbsp;Holroyd Gardens Nature Reserve, home to a number of&nbsp;playgrounds, bicycle training track, picnic areas and walking trails, while Merrylands Park and Granville Park give further nature options.

One, two and three-bedroom apartments are selling at Mason &amp; Main, and are catching the attention of every market, from first home buyers and investors to young families and downsizers.

[smartcode_project_cta:default project_id=31751]

How the small western suburb of Merrylands is undergoing a drastic gentrification

Property developer Omira Property Group has carved out a reputation as one of the most architecturally-focused villa developers in the Northern Rivers region of New South Wales and the southern areas of the Gold Coast.

Now they're bringing their classic coastal-style to Ballina, following success in the likes of Byron Bay, Currumbin and Kingscliff.

They've brought the same team down from their most recently completed development, Asana, on Byron Bay's dress circle Marvell Street. Asana comprised just three luxury villas which sold with prices ranging from $4.4 million to $4.6 million.

The new <a href="/new-townhouses/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.

[smartcode_project:default project_id=144558 project_image_fid=264603]

<a href="/developers/omira-property-group">Omira Property Group</a> Director Alasdair Baker says the villas will represent an opportunity for prospective purchasers to live in something Ballina hasn't seen before.

"Ballina has everything Byron Bay has and more at half the price tag," Baker says, calling the area a "sleeping giant of opportunity that's just about to wake up."

"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."

[smartcode_project:default project_id=144558 project_image_fid=264608]

<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.

Marble features predominantly throughout the three-bedroom villas, with stone cladding, timber-look panels and white render on the exterior to create a cool coastal effect.

Hit-and-miss brickwork serves to protect the home from the heat while welcoming summer breezes.

[smartcode_project:default project_id=144558 project_image_fid=264613]

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.

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,&nbsp;a literal stone's throw from&nbsp; North Creek and just over a kilometre to Ballina Fair Shopping Centre.

[smartcode_project:default project_id=144558 project_image_fid=261478]

Pacifico Property, who sold Omira's Asana <a href="/new-townhouses/byron-bay-nsw-2481">Byron Bay</a>, is marketing Mana, which is slated for completion in 2025.

One of the villas has already been snapped up pre-launch for $2.4 million, bought by a downsizer from Byron Bay.

[smartcode_project_cta:default project_id=144558]

Omira Property Group bring luxe villas to Ballina as Mana launches

The Sydney unit market continued to outperform house market growth in 2024, property data analytics firm CoreLogic found.

CoreLogic’s Monthly Hedonic Index showed the median value of units, which incorporates both townhouses and apartments, rose by 0.4 per cent in March to be one per cent up over 2024. Comparatively, house values rose 0.3 per cent in March to be 0.9 per cent up so far this year.&nbsp;

Sydney's median unit value is now at $839,000, compared to the median house value of $1,414,000.

March marked the 14th straight month of the house market upswing.&nbsp;Since declining -7.5 per cent between April 2022 and January 2023, the national home value index has increased 10.2 per cent, or, in dollar terms, by around $71,832, rising to new record highs each month since November last year.

<h2>What happened in Sydney's off the plan apartment market in March?</h2>

Sydney's off the plan apartment 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 Metro Sydney State of the Market H2 2023 said there is considered an enhanced opportunity for apartment projects to receive increased demand in the Harbour capital, given that buy-to-sell apartments represent the most affordable dwelling typology. They note however there needs to be an expectation recalibration due to budget constraints.

CKC believes 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."

However, while the "cascade" effect may influence some buyers to prioritise affordability, there is still a significant market segment interested in apartments at the higher end of the market. Revelling in the demand is Aqualand's <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> and First Quadrant Properties recently launched Willoughby Grounds.

<a href="/developers/aqualand-australia">Aqualand</a> recorded over $100 million in sales in February at the North Sydney apartment development, set to be completed later this year. It was their biggest sales month to date, not including the month the project was launched in.

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=253830]

Aqualand’s Head of Sales and Marketing, Alex Adams, said the figure represented the biggest jump in sales activity on any project he’d experienced.

“We’ve found potential buyers who had previously enquired, but weren’t quite ready to commit, have recently returned to the market. Those waiting to transact closer to the building’s completion have now seen its construction progress and have made the decision to buy,” Adams said.

Families continue to be the lead clientele, while the stabilising interest rates, and the ability to now see the product at the new display apartments, are also attracting more investors, who are showing more interest in their searches.&nbsp;

Recently, downsizers have also come back, with more four-bedroom sales at around $7 million.

“With the housing market stabilising, and even increasing, they now have confidence in selling their home. Also, with the interest rates steadying they can list their homes until they get the price they want."

Read more:&nbsp;<a href="/news/nsw/aura-by-aqualand-secures-record-100-million-in-sales-in-february">AURA by Aqualand secures record $100 million in sales in February</a>

It's been a similar story at&nbsp;<a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a> on the Lower North Shore, where buyers have snapped up the largest apartments of all, which saw apartments amalgamated in the plans to create more of the larger scale homes.

[smartcode_project:default project_id=30959 project_image_fid=218392]

<a href="/project-marketer/link-project-marketing-0">LINK Project Marketing</a> Director Ben Hamblett says they've created something that fits a major gap in the market.

"Four-bedroom apartments don't exist in Willoughby, even in some of the other new developments. However there is a strong underlying demand for them," Hamblett says, adding that the only opportunity to buy four bedrooms is in the housing market, and that can cost upwards of $4 million.

Indeed since the launch of the project, which will be delivered in five stages housing a total of 160 apartments, reflective of the number of buildings there are in the mini-masterplan, over 20 per cent of the enquiry on Urban have been on the four-bedroom configurations, with a further 20 per cent on the large, 200 sqm three-bed apartments on offer.

Read more:&nbsp;<a href="/news/nsw/buyers-look-for-size-on-sydneys-lower-north-shore-as-large-apartments-snapped-up-at-willoughby-grounds">Buyers look for size on Sydney's Lower North Shore as large apartments snapped up at Willoughby Grounds</a>

&nbsp;

[smartcode_project:default project_id=135512 project_image_fid=251218]

There's also been great success at&nbsp;<a href="/developers/podia">Podia</a>'s new luxury&nbsp;<a href="/developments/neutral-bay-nsw-2089">Neutral Bay</a> apartment development, <a href="/new-apartments/wirra-neutral-bay">Wirra</a>, where the penthouse sold for $13 million.

&nbsp;

&nbsp;

The size of the apartment, at 200 sqm, and the location of Wirra, on Ben Boyd Road next to Neutral Bay Village, were the two contributing factors for the local downsizing couple. The apartment has three bedrooms, four bathrooms, and parking for three cars.&nbsp;

Read more:&nbsp;<a href="/news/nsw/13-million-wirra-penthouse-sets-neutral-bay-off-the-plan-apartment-record">$13 million Wirra penthouse sets Neutral Bay off the plan apartment record</a>

[smartcode_project:default project_id=112750 project_image_fid=232634]

Luxury apartment developer <a href="/developers/central-element">Central Element</a>&nbsp;filed plans for their $50 million Bondi Beach site in March. They're planning seven luxury residences on the amalgamated 2,050 sqm site fronting Sandridge and Wilga streets.

At the top of the site fronting Sandridge Street, there will be two duplex-style homes above a turntable parking system which will offer each residence two parking spaces.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-central-elements-ultra-luxe-bondi-beach-plans-revealed">First look exclusive: Central Element's ultra-luxe Bondi Beach plans revealed</a>

[smartcode_project:default project_id=112253 project_image_fid=193246]

Sydney builder developer <a href="/developers/coronation-property">Coronation Property Group</a> has also kicked off construction on the second stage of their Ashbury Terraces residential project in Sydney's inner west.&nbsp;

Ashbury Terraces, designed by acclaimed architects <a href="/architects/sjb-architects">SJB</a>, will be a combination of 127 apartments and townhouses on a sprawling 16,500 sqm site on Milton Street in <a href="/developments/ashbury-nsw-2193">Ashbury</a>, complemented by a range of communal amenities, green spaces and landscaping by Daniel Baffsky of 360 Degrees.

[smartcode_project:default project_id=112966 project_image_fid=213736]

Prominent Lower North Shore apartment developer <a href="/developers/abadeen-group">Abadeen Group</a>&nbsp;appointed iCIRT-rated <a href="/developers/decode-group">Decode Group</a> as the builder for two of their upcoming residential developments in March.

They'll be building&nbsp;<a>The Villas</a> in Neutral Bay and <a>Northcote Collective</a> in Naremburn.

<a href="/new-apartments/the-villas-neutral-bay-7-11-premier-street-neutral-bay">The Villas</a>, located on Premier Street near Forsyth Park, is a five-level residential development comprising 18 spacious two and three-bedroom apartments, while&nbsp;<a href="/new-apartments/northcote-collective-naremburn-2-6-northcote-street-naremburn">Northcote Collective</a> will bring the first new residential project in <a href="/developments/naremburn-nsw-2065">Naremburn</a> for several years, offering 58 Rothelowman-designed apartments across a seven-storey and four-storey residential building.&nbsp;

[smartcode_project:default project_id=112613 project_image_fid=231687]

<a href="/developers/thirdi-group">Third.i Group</a> has also appointed iCIRT-rated builder <a href="/builders/dilcara">Dilcara</a> as the builder for its boutique <a href="/developments/potts-point-nsw-2011">Potts Point</a> apartment development, <a href="/new-apartments/muse-potts-point-30-34-brougham-street-potts-point">Muse</a>.

Charter Keck Cramer 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.

What happened in Sydney's off the plan apartment market in March 

City Beat April 2024: Sydney unit growth continues to outstrip houses in 2024

Supermarket giant Woolworths has achieved a significant milestone in its plans for a mixed-use retail and residential development in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a>.

They've secure a Gateway Determination for their prime 1,561 sqm site on the corner of Old South Head Road and Albemarle Road, where they intend on developing a two-level Woolworths underneath 13 owner-occupier, luxury apartments designed by&nbsp;<a href="/architects/pbd-architects">PBD Architects</a>.

The apartments have been designed to ensure privacy for nearby homes, incorporating a landscaped 'pocket park' and setbacks on the upper floors.&nbsp;

<img alt="Woolowrths" data-entity-type="file" data-entity-uuid="25dc9fa6-d889-45ab-beb7-e59a559803f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-04%20at%202.57.46%20pm.png?VersionId=NnwMtAeOeGFu2T3pl4cLrJS0LA_u70TZ" />

The <a href="/new-apartments/sydney-nsw">Sydney</a> Eastern City Planning Panel acknowledged the strategic and site-specific merit of the proposal in November 2023, leading to a recommendation and later on the issuance of Gateway Determination from the Department of Planning, Housing, and Infrastructure in February 2024.

This determination signifies a green light for the project to progress to public exhibition.

<img alt="Woolworths Property receive Gateway Determination - Rose Bay" data-entity-type="file" data-entity-uuid="1bfb8c74-4fde-4e15-85b5-ab89a645df40" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Woolworths%20Site.png?VersionId=q3evQEchUsIWQUIr.WAjyWf3P4x_3I8K" />

Undertaken in consultation with the community and Council, Woolworths Property's proposal aligns with the goals outlined in Woollahra Council’s Development Control Plan 2015, specifically targeting the Rose Bay South Mixed Use Centre as a 'Key Corner Gateway' site.&nbsp;

Currently, the site is home to a Caltex Service Station.

The Sydney Eastern City Planning Panel acknowledged the strategic and site-specific merit of the proposal in November 2023

Woolworths take big step forward for shoptop Rose Bay development

Wahroonga is set for a rare new apartment development with the upcoming launch of The Residences, marking the first stage of the&nbsp;regeneration of a 64-hectare site on Sydney’s Upper North Shore.

Developer <a href="/developers/capital-corporation">Capital Corporation</a> has lifted the lid on the first opportunity in what will become a thriving new precinct in Wahroonga, with the first release of apartments coming soon.

[smartcode_project:default project_id=135247 project_image_fid=262185]

The Residences, the first new development in Wahroonga for several years, has been designed by&nbsp;international award-winning architects&nbsp;<a href="/architects/group-gsa">Group GSA</a>&nbsp;with interiors by&nbsp;<a href="/interior-designers/coco-republic-interior-design">Coco Republic</a>.

There are one, two and three-bedroom configurations on offer, catering to a wide range of buyers. The apartments have been designed to maximise views of the surrounding tree canopy and leafy ridgeline.

[smartcode_project:default project_id=135247 project_image_fid=262184]

Floor-to-ceiling glass windows and doors provide connection to the outdoors, whether it be a balcony or a garden courtyard. The one and two-bedroom apartments have one parking space, while the three-bedroom apartments have two.

The Residences will also have on-site amenities available, including a private pet-friendly "Green Spine" with exercise and relaxation zones, a BBQ pavilion, a dog wash bay, and a lounge equipped with a large boardroom-style table and kitchenette, ideal for remote work or social gatherings.

[smartcode_project:default project_id=135247 project_image_fid=262186]

The location of The Residences on Fox Valley Road puts future residents near the vibrant villages of both <a href="/new-apartments/wahroonga-nsw-2076">Wahroonga</a> and <a href="/new-apartments/turramurra-nsw-2074">Turramurra</a>, in the heart of some of the best educational institutes in Sydney and&nbsp;and 100m to the renowned San Hospital.

[smartcode_project_cta:default project_id=135247]

Wahroonga welcomes rare new apartment development as The Residences approaches launch

National apartment developer GURNER™ has submitted revised plans for its $800 million Barangaroo apartment development.

The plans – a modification to the existing approved scheme – will be mostly focused on the internal design to deliver a high-end vision aimed at owner-occupiers, including more three-bedroom residences, a reduction in apartments from 125 to 91, and an increased focus on health and wellness amenities and resident services akin to the best hotels in the world.

The revised scheme will take all the learnings from GURNER™'s Saint Moritz and Hawksburn Place, both of which set a new benchmark for high-end living in Melbourne, and bring it to the Sydney market at the landmark harbour site.

The new vision includes a strong focus on high-end amenity and service, more of which will be revealed closer to launch in mid-2025.

The crown jewel of the new scheme will be an opulent 400 sqm, double-level penthouse that will afford unrivalled views across Sydney Harbour.

At the ground floor, 189 Kent Street will feature a new restaurant and bar, and large lobbies for residents. This will come with further resident-focused services like a concierge, butler, prestige car share, and on-site health and wellness practitioners.

Most of the three and four-bedroom residences will be full-floor apartments of circa 250 sqm, with private lift access and outdoor terraces, affording panoramic views of the CBD skyline and across Sydney Harbour.

The building is designed by FJC Studio, which won an international design competition to lead the architecture.

Tim Gurner called the Kent Street site "one of Australia's most important sites."

"We are very focused on bringing our signature high-end residences to the location, where owners can live their ultimate life with unsurpassed views of the harbour.

“We get many enquiries from Sydney residents wanting us to bring the prestige, amenity and service of Saint Moritz to Sydney, and that is exactly what we will be doing.

“The building is now fully focused on owner-occupiers, with large two, three and four-bedroom options that are almost all full-floor residences, with direct access lifts, incredible views and very high security."

Gurner said they know the&nbsp;appetite is there for larger floorplans, particularly if they’re full-level, for wealthy downsizers and right-sizers, high net-worth individuals and international buyers, who are flooding back into the Australian market.

Tim Gurner called the Kent Street site "one of Australia's most important sites."

Gurner revises luxury Barangaroo apartment tower plans

Builder developer DASCO has secured one of the most anticipated developments in Sydney's inner east.

The <a href="/builders/dasco-australia">iCIRT-rated builder</a> has secured a 1.7-hectare site at <a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">903-921 Bourke Street</a>, a former industrial site on the corner of Bourke, McEvoy and Young streets, which was sold with development approval for Young Street Village, a new mixed-use precinct with 376 apartments and retail and commercial spaces.

DASCO&nbsp;General Manager Michel Najjar said the company is acutely aware of the city’s chronic housing shortage.

"This is an opportunity to deliver a landmark lifestyle community that benefits from the highly desirable Redfern and Surry Hills villages that will be extremely popular with owner-occupiers, investors and tenants.”

The plans had been submitted by the Melbourne-based developer Dahua Group in early 2022, with approval from the City of Sydney Council coming just over a year ago.

The six buildings, four of which will be new and two heritage-listed buildings which will be restored, will be focused around a central plaza with retail space and new parks.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017"><img alt="Dahua's $220 million Waterloo apartment precinct plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-02_at_8.46.27_am.png" /></a>

Two buildings will flank Bourke Street, one being the tallest tower proposed. Described as a stepped tower with family-targeted terraces which address the park, the building will have 147 apartments across its 20 levels.

Next door will be a six-storey plaza building with 26 apartments, defined as "quirky" by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;and Richards and Spence, who worked in collaboration on the tower and the plaza.

"The quirky 6-storey plaza building defines the heritage square, with clear reference to the industrial brick buildings of the past," the design statement as part of the development submission noted.

There will be a further two buildings facing Young Street, designed by architect Fieldwork&nbsp;in collaboration with MHNDU. They will have a combined 202&nbsp;apartments, taking the total number of apartments across the precinct to 375 apartments.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017"><img alt="Dahua's $220 million Waterloo apartment precinct plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-02_at_8.01.25_am.png" /></a>

At the foot of the two Young St buildings will be fit-out for another cafe or restaurant.

Two heritage buildings in the centre of the site will be retained, the 1922 Pumping Station and the 1935 Valve House.

"The Pumphouse is a convergence of geology and water, tracks and narratives, indigenous and non-indigenous peoples and cultures across the site," further documentation noted.

"It sees the transformation of a disused water precinct into a rich, active mixed-use proposition - where water continues to play an important role in recasting the identity of the precinct.

<a href="/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017"><img alt="Dahua's $220 million Waterloo apartment precinct plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-02_at_8.02.32_am.png" /></a>

"At the heart of the proposal is a green oasis and oculus connection between a public ground plane, and a semi-public landscape terrace that serves the precincts residents.

"This oculus is designed to be populated on the ground plane with lively hospitality dining, and a visual connection back to the site’s heritage plaza."

DASCO's co-director, Daniel Nicolas, acknowledged the city’s housing crisis and the desperate need for a stronger pipeline of projects that will help alleviate rapidly increasing rents and provide a greater diversity of housing within the inner city.

“Research shows inner-city approvals have plummeted to record low levels in recent years and new project releases and completions have also stalled,” Nicolas said.

“All the metrics indicate there is a dire problem with low vacancy rates and soaring rents. Net overseas migration figures have returned to pre-COVID levels and the demand for quality residential living, particularly in this location, remains as high as ever from students, singles, couples and young families.

“With fewer development sites of this scale and calibre available in prime and prestigious locations, we see this as an essential opportunity for us to deliver an impressive legacy project.”

There were 2020 plans submitted by Dahua that would have seen higher density towers built, with 469 apartments across four buildings.

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