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

Goldfields sets the stage as Quartet Milton launches

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

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

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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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.

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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.

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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.”

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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.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

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.

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The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

Like most markets nationally, Sydney's off the plan apartment market had its fair share of ups and downs in 2023.

Overall sentiment was positive, with developers and agents reporting that buyers are showing a willingness to transact on good product.

Most readers last year were craving fresh projects, with news about project launches top of the category list for 2023.

We've wrapped up the most consumed news articles in Sydney in 2023, as we look ahead to what 2024 has in store.

<h3>Builder appointed for $400 million City Tattersall Club redevelopment</h3>

The redevelopment of the <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">City Tattersall Club</a> in Sydney's CBD has progressed with the appointment of <a href="/builders/richard-crookes-constructions">Richard Crookes Constructions</a> as the builder.&nbsp;

The joint venture between First Sponsor and <a href="/developers/icd-property">ICD Property</a> secured development approval for the project at 194-204 Pitt Street in November 2021.&nbsp;

[smartcode_project:default project_id=12428 project_image_fid=152517]

The plan involves replacing most of the existing building with a new 50-level tower comprising 241 apartments and a high-end hotel with approximately 110 rooms.&nbsp;

The heritage ground floor area will be preserved but undergo significant upgrades. Richard Crookes Constructions will collaborate with project architects Fjmt and BVN Architecture to deliver guest rooms and residences honouring the site's heritage.&nbsp;

Read more: <a href="/news/nsw/builder-appointed-for-400-million-city-tattersall-club-redevelopment-sydney-house">Builder appointed for $400 million City Tattersall Club redevelopment</a>

<h3>How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point</h3>

Despite concerns about rising interest rates, Piety Group and <a href="/project-marketer/laver-residential-projects">Laver Residential Projects</a> have implemented an industry-first freeze on interest rate hikes to attract buyers, resulting in increased demand through Christmas and into 2023.&nbsp;

Piety Group offers free strata levies and a limited-time offer for a five per cent deposit exchange at their Wentworth Point apartment precinct, <a href="/buildings/one-the-waterfront-17-amalfi-drive-wentworth-point">ONE The Waterfront</a>.&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=209846]

Additionally, first-home buyers can avoid stamp duty on apartments under $1.5 million as part of the NSW Government's First Home Buyer Choice scheme.&nbsp;

Read more: <a href="/news/nsw/how-piety-group-are-attracting-first-home-buyers-and-investors-to-one-the-waterfront-apartments-in-wentworth-point">How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point</a>

<h3>Rozelle Village, former Balmain Leagues Club redevelopment, set to launch</h3>

Heworth is set to launch <a href="/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a>, a vibrant mixed-use precinct developed on the former Balmain Leagues Club site in Sydney's inner west.&nbsp;

Marketed through CBRE, the development centres around a new village square with retail spaces and apartments above. Recently amending the approved development application, Heworth seeks to reduce the number of apartments from 167 to 147 and change the mix to include more two and three-bedroom units.&nbsp;

<img alt="Urban's top five most read in 2023 in NSW" data-entity-type="file" data-entity-uuid="18513ff6-fe4a-4e8f-b8a2-1afed117f480" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rozelle%20Village.png?VersionId=N3f_hkdIP2TeqzGuf2t6pkPBJrVntzGe" />

<a href="/architects/scott-carver">Scott Carver Architects</a> and <a href="/architects/richards-stanisich">Richards Stanisich</a> collaborate on the project, envisioning a cultural and community-focused precinct that integrates residential, commercial, and public spaces.

Read more: <a href="/news/nsw/rozelle-village-former-balmain-leagues-club-redevelopment-set-to-launch">Rozelle Village, former Balmain Leagues Club redevelopment, set to launch</a>

<h3>First look: Double Bay's Knox Street to get facelift with Koichi Takada development</h3>

Renowned Eastern suburbs developer Eduard Litver, known for the Bondi Pacific redevelopment, is set to introduce an unprecedented project to <a href="/developments/double-bay-nsw-2028">Double Bay</a>, collaborating with Japanese architect Koichi Takada.&nbsp;

The mixed-use development, located at 27-37 Knox Street opposite The Cosmopolitan Centre, features retail and food spaces on the ground floor, commercial space on levels 1-3, two large double-storey apartments on levels 4 and 5, and parking across the basement and level 1.

<img alt="Urban's top five most read in 2023 in NSW" data-entity-type="file" data-entity-uuid="a011d3bf-7aae-4e5c-a8d3-7c705edfa676" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Koichi%20Takada%20Knox%20Street.png?VersionId=godD6EIGqebJcgSdD2oawIvXheL_lmTb" />

The proposed development aims to harmoniously enhance the streetscape with contemporary design elements, including sculpted timber-look aluminium framing, timber batten screens, glazing, and upper-level planting, according to the Urban Design Report by AE Design Partnership.&nbsp;

Read more: <a href="/news/nsw/first-look-double-bays-knox-street-to-get-facelift-with-koichi-takada-development">First look: Double Bay's Knox Street to get facelift with Koichi Takada development</a>

Urban's top most read articles in Sydney in 2023

<a href="/developers/greenland-australia">Greenland Australia</a>&nbsp;has said it has been fully cooperative with the Building Commission NSW following their decision to serve them with a Draft Work Rectification Order at its North Ryde apartment development,&nbsp;<a href="/buildings/nbh-at-lachlan-s-line-25-27-epping-road-macquarie-park">NBH</a>.

There are six buildings in the NBH Lachlan's Line complex, which were completed in 2020 by GN Residential Construction Pty Ltd. There's over 880 apartments in the buildings.

"Greenland can confirm it received a Draft Work Rectification Order (Draft BWRO) from the Building Commission NSW (the Commission), at the end of October 2023, to which it promptly responded. Greenland has been fully cooperating with the Commission following the issue of the Draft BWRO," a statement from Greenland read.

"Greenland engaged multiple suitably qualified engineering consultants to undertake investigations in accordance with the requests of the Commission, within the Draft BWRO. Their initial investigations have identified the BWRO issues are localised in the lower car park levels only and that there is no risk of collapse of the building’s towers. There is no serious damage or serious structural defects at the project, as some media outlets have claimed."

[smartcode_project:default project_id=5788 project_image_fid=95907]

Greenland says since then they have undertaken additional investigations.

"Recommendations were made by the external engineering consultants to undertake localised repairs, to ensure the long-term durability and structural integrity of building’s concrete slabs and joints, as identified in the Draft BWRO.

"Greenland has been following all directions made by the Commission and its specialist consultants and remains fully committed to working closely with the Commission to satisfactorily resolve the situation."

Greenland has confirmed that no other buildings that it has developed are impacted by this issue.

&nbsp;

Greenland has confirmed that no other buildings that it has developed are impacted by this issue

Greenland "fully cooperative" with Building Commission investigation into North Ryde project NBH Lachlan's Line

Prolific Wollongong builder developer Level 33 is close to unveiling its next project.

Level 33, headed by&nbsp;longtime developer Eddy Haddad, will soon launch Easterly Wollongong, one of their most boutique projects they've undertaken in the area.

<a href="/new-apartments/easterly-wollongong-13-crown-street-wollongong">Easterly Wollongong</a> will comprise just 21 apartments across 14 levels at&nbsp;at 13 Crown Street, just the other side of Harbour Street from WIN Stadium.

The apartments will sit above a two-level podium and two ground floor retail spaces, one fronting Crown Street and the other on Harbour Street.

There will be 10 two-bedroom apartments and 11 three-bedroom units, as the developer mixes up their portfolio.

Level 33 is one of the biggest names in apartment development in the <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a> district. They're the brains behind the Skye Tower on Railway Parade. Their most recent project was further north toward <a href="/new-apartments/sydney-nsw">Sydney</a> in <a href="/new-apartments/kogarah-nsw-2217">Kogarah</a>, where in 2021 they completed Kogarah Central.

They also have <a href="/news/nsw/level-33-file-plans-for-mixed-use-wollongong-development">another project on Wollongong's Crown Street</a>, near the train station on the corner of Gladstone Avenue,&nbsp;which they'll also be expecting to launch this year.

The two 19-level apartment towers on an amalgamated 6,514 sqm will have 262 apartments designed by BKA Architecture, located above a five-level podium with 1,200 sqm of retail and office space.

Read more:&nbsp;<a href="/news/nsw/north-wollongong-the-coastal-cool-on-the-fringe-of-the-city">North Wollongong: The coastal cool on the fringe of the city</a>

Level 33 have two projects on Crown Street they'll be expecting to launch this year

Level 33 to unveil next Wollongong apartment development, Easterly Wollongong

iCIRT-rated builder developer TQM has completed its latest project, the $72 million Novello Wollongong.

Designed by&nbsp;<a href="/architects/design-workshop-australia">Design Workshop Australia</a>, Novello at 26 Young Street, near the centre of Wollongong a stones throw from the station, comprises 62 two and three-bedroom apartments above 1000 sqm of commercial space and three levels of basement parking.

This meticulously designed 15-storey development aims to provide residents with a future as comfortable and refreshing as the innovative city surrounding it.

[smartcode_project:default project_id=136388 project_image_fid=226840]

Each two and three-bedroom apartment within The Novello is impressively spacious, showcasing open-plan living and dining areas that extend to an east-facing outdoor space.

Upon entering, residents are greeted by a bright and inviting living area adorned with sunlit timber floorboards, creating a warm and welcoming ambience.

The gourmet kitchens are well-equipped with top-of-the-line SMEG appliances and elegant stone benchtops.

[smartcode_project:default project_id=136388 project_image_fid=226835]

Master bedrooms are thoughtfully designed with built-in wardrobes, ensuring ample storage space for a clutter-free living environment.

The stylish bathrooms in each apartment are embellished with high-quality Parisi fittings, tapware, and floor-to-ceiling tiles.

The residents have access to the rooftop with a communal infinity pool, landscaped gardens, and an outdoor barbecue area—all designed to provide a perfect vantage point for enjoying the breathtaking escarpment views.

[smartcode_project:default project_id=136388 project_image_fid=226838]

The building is also equipped with its own gym and function room. Taking the lift a little further down, residents will find the new basement facilities, complete with secure parking and storage spaces.

Conveniently located five minutes from the vibrant centre of <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a>, <a href="/buildings/novello-wollongong-26-young-street-wollongong">Novello</a> is nestled between the Illawarra escarpment to the west and the pristine beaches to the east.

<a href="/developers/tqm-group">TQM</a> has a long history of delivering apartment developments across the whole of Sydney. They also recently completed Avia Wollongong.

[smartcode_project_cta:default project_id=136388]

TQM complete Novello Wollongong apartment development

Sydney's urban sprawl has seen developers look for opportunities outside the confides of the Sydney CBD and its immediate surrounds.

We've looked at the top five apartment developments west of Sydney, ranging from harbourside Putney to Sydney's second CBD, Parramatta, all of which are expected to launch in 2024.

<h2>Project: Marquette &amp; Mary</h2>

<h2>Location: 4 Mary Street, Rhodes</h2>

<h2>Developer: Deicorp</h2>

This year&nbsp;<a href="/developers/deicorp" target="">Deicorp</a>&nbsp;will launch <a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquette &amp; Mary</a>, their&nbsp;$310 million,&nbsp;<a href="/architects/fk-australia" target="">Fender Katsalidis</a>-designed mixed-use tower in&nbsp;<a href="/new-apartments/rhodes-nsw-2138">Rhodes</a>. There will be 214 apartments across the 32-level building.

The City of Canada Bay Council Design Jury for the design excellence competition selected FK’s design for its “elegant internal apartment planning, the tripartite vertical rhythm of the facade and elegant tower form, along with the human scaled design of the podium. …The central courtyard providing light and natural ventilation, the provision of a public plaza at the southern entrance to the through site link and fine-grain design of the ground plane… “.

<img alt="The top 25 off the plan apartment developments to look out for across Sydney in 2024" 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/inline-images/Screenshot%202024-01-15%20at%208.16.25%20pm.png?VersionId=E6WfiGGdgOQ1ppSA1k8pN28Hmx3HvGK3" />

To the east of the site, a new public landscaped laneway, enlivened by active retail uses on the ground level, aims to connect the greater Rhodes area.

The materiality proposed on the podium references the masonry and brickwork heritage of inter-war period bungalow typologies historically known in the suburb. Adding an atrium to the north of the podium was a key design element to provide new apartment offerings, natural light and ventilation to the site.

The tower’s eastern edges are angled and feature a profiled facade. The sleek, glassy form minimises shadowing on an existing plaza adjacent to the site, creating a dynamic and articulated tower expression.

Read more:&nbsp;<a href="/news/nsw/the-top-16-sydney-off-the-plan-apartment-developers-to-look-out-for-in-2024">The top 16 Sydney off the plan apartment developers to look out for in 2024</a>

<h2>Project: Cosmopolitan Parramatta</h2>

<h2>Location: 34 Hassall Street, Parramatta</h2>

<h2>Developer: Deicorp</h2>

<a href="/developers/deicorp" target="">Deicorp</a>&nbsp;will also&nbsp;<a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan Parramatta</a>, their two 46-level, side by side towers in <a href="/new-apartments/parramatta-nsw">Parramatta</a> which will add another 600 apartments to their portfolio.

Designed by Turner,&nbsp;Cosmopolitan Parramatta will comprise one, two and three-bedroom apartments which will sit above a new hub of retail village laneways with alfresco dining hospital.

[smartcode_project:default project_id=138590 project_image_fid=236113]

The entire structure is inspired by a nature, offering a park-like experience for both residents and visitors. The apartment's design follows this theme, providing district views of nearby points of interest such as the river and parkland, inviting the surrounding nature in to each of the homes.&nbsp;

Cosmopolitan is ideally located on Hassal Street, overlooking the park and next to the new light rail stop.

Read more:&nbsp;<a href="/news/nsw/turner-unveil-design-plans-for-deicorps-new-hassall-street-parramatta-apartments">Turner unveil design plans for Deicorp's new Hassall Street Parramatta apartments</a>

<h2>Project: Pier 20</h2>

<h3>Location: 20 Waterview Street, Putney NSW 2112</h3>

<h3>Developer: PERIFA and Abadeen</h3>

Newly launched <a href="/new-apartments/sydney-nsw">Sydney</a>-based development company <a href="/developers/perifa">PERIFA</a> is partnering up with developer <a href="/developers/abadeen-group">Abadeen</a> on a waterfront precinct in <a href="/new-apartments/putney-nsw-2112">Putney</a>, intending to create a&nbsp;premium mixed-use development on the harbour.

The project, named <a href="/new-apartments/putney-wharf-residences-20-waterview-street-putney">Pier 20</a>, spans 15,870 sqm and includes the refurbishment of Halvorsen's boatshed to create a waterfront dining and commercial area, the construction of two three-level apartment buildings, 18 three-level townhouses, and a 36-berth marina.

<img alt="Top Western Sydney developments to look out for in 2024" data-entity-type="file" data-entity-uuid="d57d7253-187d-49d8-9835-cb14b8f8cae3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Pier%2020%2C%20Putney.png?VersionId=xm7upO1ZL10TgRBukrvyRen51yFTbfKw" />

Pier 20, located near Putney Village, provides immediate access to major retail amenities and is within walking distance of ferry stops, train lines, and local parks.

Joe Tack, Abadeen's Chief Operating Officer, sees the project as a rare opportunity to regenerate a significant infill site with 300 metres of waterfrontage.&nbsp;

The mix of townhouses, apartments, curated food and beverage options, and a new marina is expected to be a unique offering when the project is brought to market in 2024. Pier 20 is slated for completion in 2027.

Read more:&nbsp;<a href="/news/nsw/perifa-and-abadeen-to-create-putney-waterfront-precinct-putney-wharf-residences">PERIFA and Abadeen to create Putney waterfront precinct, Pier 20</a>

<h2>Location: 9-13 Blaxland Road, Rhodes</h2>

<h3>Developer: Billbergia</h3>

National property developer <a href="/builders/billbergia-construction">Billbergia</a> is seeking to create a new sustainable tower in the heart of <a href="/new-apartments/rhodes-nsw-2138">Rhodes</a>.

The proposed tower, located at 9-13 Blaxland Road, will rise 37 levels and home 244 apartments. It is designed to be environmentally friendly and aligned with the principles of the Rhodes Place Strategy.&nbsp;

The apartments will sit atop a mixed-use podium with nine levels of basement car parking, a café, and outdoor seating.

The design also incorporates a two-storey high suspended Ficus tree at the entrance as a nod to nearby remnant giant Ficus trees from the early 1900s.&nbsp;

<img alt="Top Western Sydney developments to look out for in 2024" data-entity-type="file" data-entity-uuid="004d4b78-87a1-43a8-abd4-ae576b96adcb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/9-13%20Blaxland%20Road%2C%20Rhodes.png?VersionId=fqnzPrraqGfX1uoXqHGejosZKGheDNvI" />

The <a href="/architects/group-gsa">Group GSA</a>-designed tower will be part of the Rhodes Station Gateway East precinct, rezoned by the NSW State Government in 2021, and is intended to connect various public spaces such as Blaxland Road, Rhodes Station, Churchill Tucker Reserve, McIlwaine Park, and Brays Bay.

The proposed tower aims to set a new benchmark for sustainable living, targeting a 7.4 Star NaTHERS sustainability rating. It includes communal spaces, a rooftop tree canopy, and an infinity pool.&nbsp;

The overall architectural concept is described as a "vertical forest," with a green façade providing both aesthetic appeal and practical benefits such as acoustic and urban heat mitigation.

The tower's design emphasises sustainability, with features like natural cross-ventilation, vertical biophilic gardens, and a focus on waste minimisation, recycling, green transportation, landscaping by Singaporean landscape studio Salad Dressing, climate adaptability, and eco-materials.

Read more:&nbsp;<a href="/news/nsw/billbergia-file-for-sustainable-rhodes-apartment-development">Billbergia file for sustainable Rhodes apartment development</a>

<h2>Location: 444-446 Concord Road, Rhodes</h2>

<h3>Developer: Meriton</h3>

Australia's largest apartment builder <a href="/builders/meriton">Meriton</a> is gearing up for a new buy-to-sell project in Rhodes.

The $137 million project involves the development of two towers designed by <a href="/architects/plus-architecture">Plus Architecture</a>, comprising a total of 285 apartments on a 5,516 sqm site situated across Blaxland Road, Concord Road, and Llewellyn Street.

The apartment includes configurations in one, two, three, and four-bedroom, with over half of the units being two-bedroom apartments.

<img alt="Meriton" data-entity-type="file" data-entity-uuid="f5ae1a2c-ea63-4283-b61a-9e4a2974cc7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-16%20at%2012.15.57%20pm_0.png?VersionId=gXFYOaQiWOs_UQYnuJ7fzva03jQTPV1C" />

The project includes amenities such as nearly 1,500 sqm of communal open space, a rooftop swimming pool on the smaller building, and five levels of basement providing 283 car parking spaces, 678 bicycle spaces, and 57 motorcycle spaces.&nbsp;

The Rhodes development will also have a 1,143 sqm medical centre, a 1,153 sqm child care centre, 529 sqm of commercial tenancy, and four retail tenancies totalling 626 sqm.&nbsp;

Read more:&nbsp;<a href="/news/nsw/first-look-meriton-propose-137-million-rhodes-apartment-towers">First look: Meriton propose $137 million Rhodes apartment towers</a>

The top off the plan apartment developments in Sydney's west to look out for in 2024

The top 25 off the plan apartment developments to look out for across Sydney in 2024

ASX-listed developer Mirvac has revealed its West Pennant Hills masterplan, Highforest by Mirvac.

It was a year ago Urban revealed the plans for the <a href="/news/nsw/mirvac-lodge-concept-plans-for-coonara-by-mirvac-hills-district-masterplan">near 26-hectare, $700 million community</a>&nbsp;which will have around 418 apartments and townhouses on the site&nbsp;bordering the Cumberland State Forest. Around 10 hectares of remnant bushland will be dedicated to the stage government as public open space.

Mirvac promise a "harmonious blend of modern living and nature."

There will be 252 apartments and 166 houses, considerably less than the 1,500 homes that were envisaged for the large site. The apartments will be spread across four buildings no higher than eight levels.

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="38f9b4e2-22e2-4a09-a8e3-f522c114a033" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-15%20at%206.44.17%20pm.png?VersionId=sNDIKvzS0BOPRhyRn4uQx.hbx9orL8w9" />

The state government expedited Mirvac's planning proposal, greenlighting the site's rezoning after the local council rejected it.

Mirvac's commitment to environmental stewardship is evident in its decision to protect approximately 10 hectares of remnant forest.&nbsp;

“This forest will become publicly accessible for the first time in 100 years, transforming the site from private land with no public access into a sanctuary for all to enjoy," Mirvac said.

Highforest, spearheaded by <a href="/architects/mirvac-design">Mirvac Design</a>, is set to revolutionise residential living, focusing on the connection of architecture, green spaces, and landscaped walking paths.&nbsp;

The development comprises generously proportioned semi-detached and terrace homes, offering flexibility to meet the evolving needs of families.

Additionally, four apartment buildings with deep balconies and large windows provide an immersive connection with nature inspired by the concept of treehouse living.

<img alt="Highforest Mirvac Approaching launch" data-entity-type="file" data-entity-uuid="7d9e3448-4e1c-47a3-af7d-1e855c3a1ac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Highforest%20interior.png?VersionId=N0q43PBYgdfh6iZfcoMl.Ik3T4_9zbGt" />

The first apartment release, dubbed Eucalypt, will feature a range of one, two, three, and four-bedroom residences, many of which capture views of the surrounding forest.&nbsp;

The apartments offer various sizes, layouts, and configurations, with some units incorporating dedicated media and study areas.

On the housing front, the first release, Treeview, will have three, four, and five-bedroom residences, including a mix of semi-detached and attached homes.&nbsp;

Key features encompass provisions for additional media, family, and study spaces, along with private open spaces such as ground-level and upper-level balconies.

Residents of Highforest will have access to an array of amenities, including generous open spaces, parks, play areas, and a private resident-only recreational facility, which will house an indoor swimming pool, gym, and community dining area.

The <a href="/new-townhouses/west-pennant-hills-nsw-2125">West Pennant Hills projec</a>t will be just 800 metres from Cherrybrook Metro Station.

The state government expedited Mirvac's planning proposal, greenlighting the site's rezoning after the local council rejected it

Mirvac launch West Pennant Hills masterplan, Highforest by Mirvac

It's been third time lucky for developer&nbsp;<a href="/developers/deicorp">Deicorp</a>, who has secured gazettal approval for its 16-storey mixed-use project at the Five Ways Junction in <a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a>.&nbsp;

They withdrew their first proposal for the site, which borders Pacific Highway, Alexander Street and Falcon Street, back in 2020, and then had their second application, which was a drop in density from 36 levels to 19 levels, rejected.

The gazettal approval is for 16 levels with 129 apartments designed by&nbsp;<a href="/architects/turner-studio">Turner Studio</a>. The first three levels of the project will be a podium with 8,000 sqm of commercial space. The seven basement levels will home 247 car spaces.

<img alt="Deicorp Fiveways Junction Approval " data-entity-type="file" data-entity-uuid="364f36b1-f329-40ed-8399-5f7dce86f7c9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Crows%20Nest%20Fiveways%20Junction.png?VersionId=xRkakwgnaF87Ptzz0AfySNqAz1RCYJ3x" />

The project application approval follows the official rezoning of the site in December, ushering in a new era with favourable planning controls. Notable changes include an increased height limit from 16 metres to 62.5 metres, facilitating the creation of a 16-storey mixed-use structure.&nbsp;

Situated just minutes from the soon-to-be-opened Crows Nest Metro Station, the strategic location ensures convenient and frequent access to <a href="/new-apartments/north-sydney-nsw">North Sydney</a>&nbsp;and the CBD.

The island site is part of the NSW government's ambitious place-led renewal policy for North Sydney.

Comprising 19 allotments, the successful amalgamation of lots enables a holistic redevelopment with a unified public domain.

<img alt="Deicorp Fiveways Junction Approval " data-entity-type="file" data-entity-uuid="4745ea78-fccf-4a52-ad1b-9b61c279f01e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fiveways%20Junction.png?VersionId=PHONbGlKF7uPE7cpw_N1OHX_R8rou7OR" />

Upon completion, the project will extend the village's public domain, forge better connections to key bus transit stops, create valuable employment opportunities, and provide much-needed additional housing.&nbsp;

The Five Ways approval joins Deicorp's recent development approval success in <a href="/new-apartments/parramatta-nsw">Parramatta</a> and <a href="/new-apartments/melrose-park-nsw-2114">Melrose Park</a>&nbsp;which brings them 1,200 apartments in their immediate pipeline, adding to their&nbsp;3,200 units already under construction.

The island site is part of the NSW government's ambitious place-led renewal policy for North Sydney

Deicorp secure gazettal approval for Falcon & Alexander, Crows Nest apartment development

There's plenty of activity in the new development space heading into 2024.

While there's a significant number of developments which are set to launch when they secure council approvals, there's also those that have weathered a number of storms in the industry in the last few years, from COVID and its lockdowns to construction costs and labour shortages, and are set to complete in 2024.

We've cast our eye across <a href="/new-townhouses/sydney-nsw">Sydney</a> and looked at the best off the plan apartment developments set to finish construction in 2024.&nbsp;

<h2>Project: Aura by Aqualand</h2>

<h3>Location: North Sydney</h3>

<h3>Developer: Aqualand</h3>

Aqualand is estimating a mid-2024 completion for its luxury North Sydney apartment development, AURA by Aqualand.

Topping out last year, Aqualand's in house construction team Aqualand Construction, is progressing the internal fit out of each of the 386 apartments. The apartments will sit above a two-level podium with a number of retail and commercial spaces which will activate the Walker Street streetscape.

True to delivering projects that will last, Aqualand has&nbsp;engaged a third party to undertake a peer review on quality assurance once the fit-out is complete, giving buyers even more assurances of a quality build.

[smartcode_project:default project_id=30959 project_image_fid=218005]

Designed by <a href="/architects/woods-bagot">Woods Bagot</a>, <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> features an elegantly curved and undulating facade which creates an illusion that the single structure is divided into four separate towers, with staggered peaks stepping down from level 29 to level 23. The distinctive hourglass shape cinches in at the level-nine ‘waist’ of the building, where the resident’s community centre is located.

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. A network of landscaped laneways will welcome people into the precinct.

[smartcode_project:default project_id=30959 project_image_fid=202657]

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.

AURA represents the fifth residential project delivered by Aqualand since the company’s launch in 2014. It is well on the way to joining a portfolio of other notable completed projects, such as <a href="/buildings/blue-at-lavender-bay-61-lavender-street-milsons-point">BLUE at Lavender Bay</a> in <a href="/developments/milsons-point-nsw-2061">Milsons Point</a> and <a href="/buildings/the-revy-pyrmont-8-darling-island-road-pyrmont">The REVY</a> at Darling Island.

<h2>Project: Grand Reve</h2>

<h3>Location: Castle Hill</h3>

<h3>Developer: Kassis Homes</h3>

Luxury home builder turned developer <a href="/builders/kassis-homes">Kassis Homes</a> has 4.5-star iCIRT-rated builder Dasco working towards a late 2024 finish of their debut apartment development, <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a> in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>.

Grand Reve, a two-tower, 185-apartment development, has been popular with Hills District locals, in particular downsizers. Prospective home buyers can secure an apartment at Grand Reve with <a href="/news/nsw/grand-reve-apartments-in-castle-hill-offer-purchase-with-just-10k-deposit">just a $10k deposit</a>, and with <a href="/news/nsw/buy-with-confidence-kassis-homes-offers-10-year-structural-defect-insurance-at-grand-reve">10-year structural defect insurance</a>.

[smartcode_project:default project_id=94147 project_image_fid=197727]

Prices start at $580,000 at the Garthowen Crescent project which has also attracted first home buyers, upsizers, and even investors have purchased apartments due to the surge in popularity of Castle Hill, the hub of the Hills District which is drawing attention because of the new North West Metro and Hills Showground Precinct redevelopment.

There are 37 different floor plans available at Grand Reve, with configurations ranging from studios to three-bedroom units and even a handful of split-level, townhouse-style dwellings.

[smartcode_project:default project_id=94147 project_image_fid=203070]

All of the apartments at Grand Reve feature Wolf appliances, with the large two and three-bedroom options also including Sub-Zero refrigeration systems as standard inclusions.

A significant focus for Grand Reve was to offer residents extensive outdoor space within the development. Some 2,300 sqm has been reserved for landscaped communal gardens.&nbsp;

Read more:&nbsp;<a href="/news/nsw/why-castle-hills-grand-reve-is-attracting-the-downsizer">Why Castle Hill's Grand Reve is attracting the downsizer</a>

<h2>Project: Lumia</h2>

<h3>Location: Norwest</h3>

<h3>Developer: Sekisui House Australia</h3>

Builder <a href="/builders/growthbuilt">Growthbuilt</a> began construction of <a href="/developers/sekisui-house-australia">Sekisui House Australia</a>’s <a href="/buildings/the-orchards-lumia-norwest-104-fairway-drive-norwest-nsw-2153">Lumia</a> last year after the development successfully sold over 90 per cent of the apartments, and is now approaching completion early this year.

Sekisui expects to welcome residents to Lumia in August 2024.&nbsp;

Lumia is the third stage at Sekisui House’s award-winning master plan development The Orchards.

[smartcode_project:default project_id=111509 project_image_fid=189523]

The Turner Studio-designed Lumia comprises 330 apartments in one to four-bedroom configurations. Within the range are multiple designs and layouts of apartment sizes for every demographic and design preference.

Many apartments feature additional Max space, an additional living area that can be used as a study or 'work from home office', a children's play area, or a reading room.

[smartcode_project:default project_id=111509 project_image_fid=241368]

Residents can personalise their living space by choosing from two colour schemes: a neutral palette with muted tones and a dark scheme that embraces a mix of warm and cool tones.

The apartments are complemented by three key features of the development: a landscaped communal courtyard garden, outdoor pool, and pavilion, with seating and views of the pool and linear park.&nbsp;

[smartcode_project:default project_id=111509 project_image_fid=189525]

Other amenities in the development include a heated swimming pool, outdoor dining, and BBQ facilities.

Lumia is located in the heart of <a href="/new-apartments/norwest-nsw-2153">Norwest</a> and just a 10-minute walk from the Sydney Metro.

<h2>Project: The Ashford</h2>

<h3>Location: Castle Hill</h3>

<h3>Developer: Deicorp</h3>

<a href="/developers/deicorp">Deicorp</a> will sign off on the first stage of <a href="/buildings/the-ashford-castle-hill-25-ashford-avenue-castle-hill">Ashford</a>, their Castle Hill apartment development, this year.

Over 70 per cent of the apartments in the first stage have sold.

[smartcode_project:default project_id=112233 project_image_fid=221620]

Deicorp has teamed up architectural practice <a href="/architects/turner-studio">Turner Studio</a> has teamed up to create The Ashford, located within the emerging Showground precinct and just a two-minute walk from the Hills Showground Metro Railway Station.

The larger three-bedroom apartments in The Ashford, priced at just over $1 million, have been attracting both downsizers and families, the latter also attracted to&nbsp;several reputable schools in Castle Hill including Excelsior Public School and Castle Hill High School, both located within one kilometre of The Ashford.

<h2>Project: Astrid Castle Hill</h2>

<h3>Location: Castle Hill</h3>

<h3>Developer: CBD Core</h3>

By early next year, local developer and builder <a href="/builders/cbd-core">CBD Core</a> hopes to welcome residents into <a href="/buildings/astrid-castle-hill-11-15-fishburn-crescent-castle-hill">Astrid</a>, its second apartment development in the Hills Showground Precinct.

Astrid will comprise 94 one, two and three-bedroom apartments with prices ranging from $605,000 to $1.96 million.&nbsp;

[smartcode_project:default project_id=22748 project_image_fid=204929]

CBD Core engaged <a href="/developers/zhinar-architects-pty-ltd">Zhinar Architects</a> to design the modern two-building project, including dual-level penthouses with personal lifts.

Astrid will offer an array of lifestyle amenities, including Astrid Lounge, an exclusive resident-only zone, providing a space for relaxation and productivity, complete with dedicated workstations.

[smartcode_project:default project_id=22748 project_image_fid=204938]

There'll also be a solar roof-powered outdoor workspace cabana with lush landscaping, a heated lap pool and sun deck, commercial outdoor cooking barbecue facilities, and a state-of-the-art gym.

Astrid is just behind their completed apartment development, <a href="/new-apartments/oriel-33-dawes-avenue-castle-hill">Oriel</a>, and only minutes from the Showground Metro station.

Buyers can still purchase a one, two or three-bedroom apartment in Astrid, with prices starting from $605,000.&nbsp;

<h2>Project: Heritage Wollongong</h2>

<h3>Location: Wollongong</h3>

<h3>Developer: Modco Constructions</h3>

Three gold star iCIRT-rated builder developer <a href="/developers/modco-constructions">Modco Constructions</a> is on track to complete the construction of <a href="/buildings/heritage-37-virginia-street-north-wollongong">Heritage</a> at North Wollongong.

Designed by <a href="/architects/prd-architects">PRD Architects</a>, Heritage comprises 22 apartments and penthouses in one, two, and three-bedroom configurations across a five-level building.

[smartcode_project:default project_id=142643 project_image_fid=232376]

Nestled within the meticulously landscaped gardens of Heritage stands an impressive heritage-listed Magnolia tree. This majestic tree seamlessly complements the sophisticated coastal ambience of the apartment interiors.

The designer apartments enjoy a free-flowing design and hardwood European oak flooring throughout. Expansive outdoor terraces flood the home with abundant natural light, extending the living spaces and providing a tranquil streetscape backdrop for alfresco gatherings and dining.

[smartcode_project:default project_id=142643 project_image_fid=236236]

Heritage is at a level 500 metre stroll to North Beach, cafes, and restaurants.

Homeowners can anticipate a swift move-in by early next year.

<h2>Project: Downtown Zetland</h2>

<h3>Location: Zetland</h3>

<h3>Developer: Deicorp</h3>

Deicorp's highly anticipated <a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown</a> <a href="/developments/zetland-nsw-2017">Zetland</a> project is rapidly taking shape, with recent construction updates revealing significant milestones on Buildings A and B.

Andrew Coleman, Deicorp's Construction and Development Executive, said Building A's entire concrete superstructure will be completed this month, with works across the other buildings progressing well. &nbsp;

"Concrete structure works have been topped out, up to the roof level, on Building B," Coleman said.

“External face brickwork and installation of windows has advanced up to Levels 5 and 6. Finishing trades are now preparing to commence on the ground floor and lift lobby areas.”

Residential storage cages and high-level drainage systems are fitted to all basement car parking areas.

[smartcode_project:default project_id=7106 project_image_fid=239172]

Downtown boasts four distinct buildings crafted by renowned architects MHNDU and BVN Architects, offering 546 one, two and three-bedroom apartments upon completion.

There are now just a handful of apartment left to sell after strong demand from both owner-occupiers and investors.

<h2>Project: Watervue Newcastle</h2>

<h3>Location: Newcastle West</h3>

<h3>Developer: Next Level Seven Pty Ltd</h3>

<a href="/new-apartments/newcastle-nsw">Newcastle</a> and <a href="/new-apartments/belmont-nsw-2280">Lake Macquarie</a> apartment developer, <a href="/developers/next-level-seven-pty-ltd">Next Level Seven</a>, aims for a less than a year build on their rare Newcastle development at 10 Street, dubbed <a href="/new-apartments/watervue-newcastle-10-steel-street-newcastle-nsw-2302">Watervue</a>.

Watervue comprises 106 apartments spread across a 19-level tower that offers panoramic views of the city and the harbour.&nbsp;

Designed by <a href="/architects/stewart-architecture">Stewart Architecture</a>, prospective homeowners can select from various apartment options, including one-bedroom, one-bedroom plus study, two-bedroom, three-bedroom configurations, and two luxury penthouses. Serviced by three lifts, each floor accommodates a maximum of seven apartments.&nbsp;

<img alt="The top 10 apartment developments completing across Sydney in 2024" data-entity-type="file" data-entity-uuid="0ae597ec-6513-425e-aec3-5986b678b356" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Watervue%20Newcastle.png?VersionId=RN3gg6l0NQzZbXEdevX2LfR3Yi8Ff2tQ" />

Situated just one block from Newcastle’s harbour, apartments from level 12 and above offer uninterrupted views of the busy working waterway.&nbsp;

Lower levels provide view corridors to the harbour, overlooking Watervue’s private swimming pool, with its beach area and landscaped surrounds.

Exclusive upgrade packages are available for all apartments, including appliance upgrades, heated bathroom floors and towel rails, ceiling fans, and power outlets in car spaces.&nbsp;

Secure parking is provided for all apartments, with each car space having a storage cage.

<img alt="The top 10 apartment developments completing across Sydney in 2024" data-entity-type="file" data-entity-uuid="234c7d30-15a6-4f84-a9a3-0e90b1d44581" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Watervue.png?VersionId=vjm.HWGLwZjfuQ3GWGGRDMcgeS_tInXA" />

On the four-level podium, residents can socialise in the residents’ lounge or take advantage of the well-equipped business hub.&nbsp;

Residents can pick herbs from the lush edible garden on the podium rooftop, get together on the pool deck or dip in the 25-metre heated lap pool.

Next Level Seven appointed builder <a href="/builders/bloc">Bloc Constructions</a> to build Watervue, with an estimated completion date in September 2024.

<h2>Project: Splendour</h2>

<h3>Location: Bellevue Hill</h3>

<h3>Developer: Denwol</h3>

Prominent Sydney developer <a href="/developers/denwol-group">Denwol</a> is approaching the completion of its <a href="/new-apartments/bellevue-hill-nsw-2023">Bellevue Hill</a> boutique apartment development, Splendour, hovering over the 15-hectare Cooper Park on Victoria Road.

Following the recent release of the final few apartments, builder <a href="/builders/growthbuilt">Growthbuilt</a> is expected to complete construction in the first quarter of 2024.

<a href="/buildings/splendour-bellevue-hill-206d-victoria-road-bellevue-hill">Splendour</a> comprises 25 two, three and four-bedroom apartments designed to take in as much nature as possible by <a href="/architects/up-architects">UP Architects</a>.

<img alt="Top 10 Sydney apartment developments completing in 2024" data-entity-type="file" data-entity-uuid="e7b9c1e4-752e-402b-b359-965f97ebf1f1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Splendour%20Bellevue%20Hill%20Interior.jpg?VersionId=wGNcoDfEM_9k9vIP3L2HbbGOvZHGq.S1" />

The apartments boast spacious living areas with elegant timber floorboards leading to full-width glass sliding doors, opening onto a generous terrace with panoramic views of Cooper Park's tree canopy, the Sydney City skyline, Harbour Bridge, and Opera House.

Homeowners can choose from two colour schemes to customise their home: the uplifting Dawn or the evocative Dusk.&nbsp;

Splendour also includes an innovative, flexible room for additional living space.

Outside, the residents will enjoy a communal Secret Garden landscaped by Sturt Nobel Associates.

<img alt="The top 10 apartment developments completing across Sydney in 2024" data-entity-type="file" data-entity-uuid="98d7a798-82f5-4b53-9081-0ac6c9c56be9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Splendour%20Bellevue%20Hill.png?VersionId=Mcpr0fjb41gtE5RMRkACQqvY1ZYvW8He" />

Sitting majestically on the clifftop and forming a botanical escarpment, the Secret Garden features a diverse botanical array and ornamental water features on the manicured lawns.

Situated at 206D Victoria Road, Splendour enjoys a prime position near Bellevue Hill Village, Westfield <a href="/new-apartments/bondi-junction-nsw-2022">Bondi Junction</a>, medical facilities, public transport, and prestigious schools.

<h2>Project: Koyo Crows Nest</h2>

<h3>Location: Crows Nest</h3>

<h3>Developer: Abadeen Group</h3>

Sydney's Lower North Shore is soon home to a new architectural masterpiece, with <a href="/developers/abadeen-group">Abadeen Group</a> engaging renowned architect <a href="/architects/koichi-takada-architects">Koichi Takada</a> to design their latest project, <a href="/new-apartments/koyo-crows-nest-1-11-rodborough-avenue-crows-nest">Koyo</a>.

Koyo comprises 27 predominantly three-bedroom apartments in a cul-de-sac setting in the heart of <a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a>, aimed towards the downsizer market with luxury finishes and extensive local amenities within walking distance.

[smartcode_project:default project_id=108800 project_image_fid=179485]

Inspired by the vibrant colours of autumn, Koyo embodies Takada's philosophy of simplicity, expressive materials, and organic forms, both inside and out.

The gently curved façades draw inspiration from the nearby harbour bays, blending Koyo with the natural surroundings.&nbsp;

[smartcode_project:default project_id=108800 project_image_fid=179484]

Stepping inside, there will be 18 three-bedroom apartments located at each corner of the development to have larger outdoor spaces and seven two-bedroom and two one-bedroom apartments. They all have parking, and a number have an additional study or courtyard.

Abadeen offers buyers to upgrade the apartments with several exclusive options, including adding a built-in bar, a timber-crafted study nook, or a fireplace in the living room.

mikah.m@urban.com.au

The top 10 off the plan apartment developments completing across Sydney in 2024

UDIA NSW has said it remains highly concerned about the state of housing in NSW following the recent building approvals update from the ABS.

Approvals reported across NSW for the 12 months to November 2023 sat at 46,500, the lowest rolling annual total seen in the state since October 2013. 
&nbsp; 
These decade-low approvals come at a time when our nation is looking to reverse course on our housing crisis and embark on our most ambitious nationwide housing program ever. In 2023, the NSW Government committed to deliver 377,000 homes over five years as part of the National Housing Accord, commencing in June 2024, now less than 6 months away. 
&nbsp; 
UDIA analysis shows that due to the time needed to go from approval to final completion, NSW needs on average, 92,000 new approvals per annum over the next 5 years to underpin our annual housing targets. This monumental uptick in approvals needs to begin now, however today’s announcement by the ABS is sobering news.&nbsp;

The graph below shows the steep increase needed in approvals for new houses to be built within the Accord period.

<img alt="Decade-Low approvals show we are yet to turn the corner on NSW Housing Crisis" data-entity-type="file" data-entity-uuid="5b20b8d1-caf8-4719-b81a-04bae1c63417" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/NSW%20Forecast%20vs%20Accord%20Targets.png?VersionId=RsY_ObT5CJqjKGsbAx29qHsL2LoqFbl2" />

Worryingly, today’s results also show declining approval numbers are not limited to a particular housing type – detached house approvals have now declined for 24th consecutive months, to a near decade low of 22,300.

Medium density approvals also hit a three-year low of 10,400, while apartment approvals, despite increasing slightly to 13,900, remain 63% below their peak, a peak which would need to be replicated and exceeded if we are to reach our targets under the Housing Accord. 
&nbsp; 
“While the NSW Government finished 2023 with a series of positive policy reforms to increase housing supply, today’s numbers show we are falling further behind, &nbsp;before the National Housing Accord even starts,” said Gavin Melvin, UDIA NSW A/CEO. 
&nbsp; 
“Today’s figures create an added sense of urgency that each of the Government’s announced new policies will be implemented successfully and delivered in full. These figures show we have no time to waste and that initiatives which can commence now, such as the affordable housing bonus, should do so allowing development applications to be submitted, approvals to flow, and new homes to be built sooner," Melvin said.

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