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?

Sydney apartment developers are feeling confident in 2024.

That's been the headline from conversations in the first six weeks of the year from developers across Sydney. Just as importantly, that's been the feedback from the project marketers too.

Read more: <a href="/news/nsw/how-the-sydney-off-the-plan-apartment-market-is-faring-heading-into-2024">A Project Marketing View:&nbsp;How the Sydney off the plan apartment market is fairing heading into 2024</a>

Joe Nahas, Managing Director at <a href="/developers/coronation-property">Coronation Property</a>, is expecting a strong market this year, however buyers have changed in recent years.

"Buyers are more discerning when it comes to the developer they choose and are not willing to accept anything short of exceptional built quality," Nahas says.

"Buyers today are very different from those five years ago. Buyers are demanding more and wanting to invest in a lifestyle, not just an apartment. They want more space within their homes, seeking residences that are functional and offer an evolving space to grow. They are wanting the resort-style amenities, outdoor spaces and access to shops and dining on their doorstep."

It's placemaking which Coronation are doubling down on currently and in their future pipeline. Having already delivered the successful Paper Mill Precinct in Liverpool, their focus now is on Mason &amp; Main, which will bring Merrylands its largest ever mixed-use precinct, and Ashbury Terraces, a rare proposition in a suburb where apartments and terraces are at a premium.

[smartcode_project:default project_id=31751 project_image_fid=206097]

Coronation has three new projects which are likely to launch this year, the first being <a href="/new-apartments/erskineville-nsw-2043">Erskineville Village</a>.. They also have a <a href="/new-apartments/57-61-archer-street-chatswood">Woods Bagot-designed tower in Chatswood</a> and another project in Ashbury.

"Across all our off the plan projects, we are finding buyers are desiring the best of modern design, quality build, and convenient connectivity," Nahas added.

<a href="/developers/deicorp">Deicorp</a>, one of Sydney's busiest developers year on year, echoed the sentiment. Deicorp's Executive Manager Robert Furolo said&nbsp;the signs are positive that 2024 will be a strong year both for buyer inquiries and conversion to sales in the apartment market.

"Young families, professional couples, and downsizers are all still looking for the lifestyle benefits of convenient and affordable apartment living," Furolo said.

"Together with the ongoing undersupply of new properties in the market, and the return of investors, we are confident of finding buyers for every new home we build and deliver."

Deicorp has just launched their first new project of 2024, <a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a> in <a href="/new-apartments/parramatta-nsw">Parramatta</a>. The two 46-level, side by side towers designed by Turner Studio will home over 600 apartments above retail in the heart of Parramatta on Hassall Street.

[smartcode_project:default project_id=138590 project_image_fid=236113]

Deicorp will also look to launch <a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>, their $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>, some 214 apartments across 32 levels, while later this year their Melrose Park masterplan is expected to kick off.

Deicorp is working with PAYCE to create a&nbsp;<a href="/news/nsw/deicorp-and-payces-melrose-town-centre-plans-revealed">new $700 million Melrose Town Centre</a>, which will turn a 55-hectare patch of dirt just&nbsp;outside of Parramatta into a fully mixed-use community.

Turner Architects has drawn up the plans which will see just under 500 apartments delivered across&nbsp;six buildings, as well as commercial, retail, a child care centre, and medical premises in the podiums.

Not to forget Deicorp's current pipeline. They'll be completing&nbsp;construction on&nbsp;<a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown Zetland</a>&nbsp;and&nbsp;<a href="/new-apartments/the-ashford-castle-hill-25-ashford-avenue-castle-hill">The Ashford</a>&nbsp;in&nbsp;<a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>, as well as&nbsp;the first stage of their&nbsp;<a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village&nbsp;</a>project near the Tallawong Metro Station. They will also launch a new release of apartments in the 430-unit&nbsp;<a href="/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill">Hills Showground Village</a>&nbsp;development, also in Castle Hill.

[smartcode_project:default project_id=133881 project_image_fid=209816]

Lower North Shore developer <a href="/developers/hyecorp-property-group">Hyecorp</a> saw success over the break at their under construction <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a> project, <a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">Audrey</a>.

Hyecorp Sales Director George Benlian secured the sale of an apartment with the highest price per square metre rate within the building.

“As January unfolded, the off the plan apartment market embarked on its annual dance of unpredictability," Benlian said.

"The month, typically characterised by a lull in activity due to holiday festivities, didn't deter the stream of inquiries. Although many potential buyers were still immersed in their vacation mindset, the real action was set to unfold upon their return to the daily grind."

[smartcode_project:default project_id=110379 project_image_fid=209058]

Benlian said while the majority of purchasers hailed from the local area, some buyers have made the decision to downsize from the Hills District and relocate closer to the city.

"The strategic location of Audrey St.Leonards emerged as a key selling point, positioned opposite the scenic Newlands Park and a mere 400 meters away from a conveniently accessible train station.

"These factors contributed to Audrey's appeal, attracting a diverse range of buyers seeking not only a property but also a lifestyle upgrade."

[smartcode_project:default project_id=110379 project_image_fid=206935]

Benlian believes the economic data which has emerged this year will spur buyers on later in 2024.

"The anticipation of this positive shift in the economic landscape will be encouraging more individuals to make their move in the property market, setting the stage for an optimistic outlook in the coming months."

Hyecorp recently launched <a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>, their boutique 35-apartment project in <a href="/new-apartments/roseville-nsw-2069">Roseville</a>.

Read more:&nbsp;<a href="/news/nsw/hyecorp-reveal-latest-north-shore-apartment-development-juliet-roseville">Hyecorp reveal latest North Shore apartment development, Juliet Roseville</a>

The Developer View: How the Sydney off the plan apartment market is faring heading into 2024

With the limited availability of oceanfront properties in the beachside hotspot of Manly, opportunities like Iris Capital's Oceania, directly across Manly Beach, are hard to come by.

The ocean-facing Oceania, at <a href="/new-apartments/oceania-42-north-steyne-manly">42 North Steyne</a>, comprises only seven three and four-bedroom apartments, just two per floor.

Designed by <a href="/architects/squillace-architects">Squillace Architects</a>, Oceania is characterised by soft curves and free-flowing balconies inspired by the natural forms and movement of its surroundings.

The interiors at Oceania redefine laidback luxe, with each apartment exuding a penthouse-like feel.

<img alt="Oceania Spotlight" data-entity-type="file" data-entity-uuid="a4afc3f6-dd2d-4763-859f-6ea33c96c8ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Oceania%20Living.png?VersionId=dDHU8Mah_dNr3Fj8TmcVNltsdnCmFnf2" />

"The residences at Oceania celebrate the beauty and elegance of every detail, creating spaces that are refined and of the highest possible quality," says Vince Squillace.

Each residence features a separate study area, additional multipurpose TV room, wine cellar, and en-suites to every bedroom.

Chevron timber flooring, low-line joinery, and polished plaster define the living spaces.&nbsp;

The kitchens are well-equipped with European Wolf and Liebherr appliances, feature a curved natural stone island benchtop, and are complemented by a butler’s pantry.

The spacious master bedrooms have generous walk-in robes with a natural woven rattan inlay, ensuites, and private balcony access.

<img alt="Oceania Spotlight" data-entity-type="file" data-entity-uuid="0e5e706f-08ac-410e-844c-060c44154698" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Oceania%20BDRM.png?VersionId=NlGSrsFQgTU0PRD9cKkei2BE2PufvdBS" />

Crowning Oceania is a whole-floor penthouse, featuring a wrap-around balcony with a private pool and spa, outdoor shower and powder room, built-in barbecue, and Arizona-inspired landscaping.

Penthouse residents will also enjoy their private lobby and access to balconies on either side of the apartment, providing panoramic views of the surrounding coastline.

All units come with two secure underground car spaces and extra storage.

Oceania is just minutes from the <a href="/new-apartments/manly-nsw-2095">Manly</a> Wharf, where a fast ferry can take residents to Circular Quay in just 30 minutes.

<a href="/developers/iris-capital">Iris Capital</a>, led by Sam Arnaout, also owns Manly's Hotel Steyne. They are currently developing <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, a landmark $800 million precinct in <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a> on the Gold Coast. They also are working on <a href="/new-apartments/queensgate-18-32-darlinghurst-road-potts-point">Queensgate in Potts Point</a> and <a href="/new-apartments/east-end-newcastle-143-hunter-street-newcastle">Newcastle's transformative East End community</a>.

Iris Capital, led by Sam Arnaout, also owns Manly's Hotel Steyne

Iris Capital launch luxe Manly beachfront apartment development, Oceania

Global architectural firm BVN has won the City of Sydney Council’s Design Excellence Competition for its design of Buildings G and H in the Ashmore Estate, part of the $1.5 billion Erskineville Village urban renewal project by Coronation Property.

Located four kilometres from Sydney's CBD, the Erskineville Village project at 155 Mitchell Road is set to transform the 50,000 sqm former industrial site into a vibrant community hub, delivering approximately 1,000 Build-to-Rent (BTR) residences, six boutique terraces and premium retail, dining, and public amenity spaces.

The significant development is positioned to play a vital role in addressing Sydney's housing shortage by bringing a dynamic range of high-quality rental residences into the market.

As the last remaining section in the Ashmore Estate, the design for Buildings G and H will complete the significant master-planned urban regeneration.

<img alt="BVN winner of Coronation's $1.5B Erskineville Village urban renewal project" data-entity-type="file" data-entity-uuid="5f180431-4d97-47d2-bc58-1a48fa710cc4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mitchell%20Road%20Erskineville%20Design%20-%20Perspective_0.png?VersionId=fD4KKHZWWItZd9A4v6D80_98u9p.zxoe" />

BVN’s winning submission will house over 380 studios, 1, 2 and 3-bedroom apartments, complete with a communal hub filled with extensive resident amenities. These include co-working spaces, community rooms, swimming pool, alfresco dining areas spread over multiple levels, large landscaped outdoor retreats with outdoor kitchens plus wellness facilities including a yoga studio and sauna.

BVN’s design envisions a porous and well-connected neighbourhood, with a finer urban grain facilitating pedestrian movement and interaction. It anchors the development in its location through a constructed landscape that reflects the site's geology and industrial past, using materials and planting to tell the area's regenerative story.

Joseph Nahas, Coronation’s Managing Director, says Coronation is committed to the Erskineville community and delivering a quality, community-led precinct.

"We’re excited about our first partnership with BVN, not the least because it marks the final step in Erskineville Village’s urban transformation plan.

“This is a significant milestone in the $1.5 billion redevelopment project, which will deliver extensive retail, the future 7,500 sqm McPherson Park and Kooka Walk, a 20-metre-wide pedestrian-friendly walkway.

“The Erskineville Village precinct will also deliver approximately 1,000 Build-to-Rent (BTR) residences through our sister brand Nation, offering housing choice and diversity on the City of Sydney’s fringe.”

Nation, which is launching its first two buildings next month in Merrylands and Parramatta City and projected to deliver around 1,500 apartments by 2025, will also operate the five BTR residential buildings with the precinct.

<img alt="BVN winner of Coronation's $1.5B Erskineville Village urban renewal project" data-entity-type="file" data-entity-uuid="7d3d4e36-d940-4a6f-9737-1be1a8cf7151" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mitchell%20Road%20Erskineville%20Design%20-%20Pool%20View.png?VersionId=o6qNOXhHD.Z9Rb.yMoLuSjf4nNd5P6Tr" />

BVN Principals Phillip Rossington and Peter Titmuss shared their vision for the project, focusing on creating a sense of community, incorporating native landscapes, and drawing design inspiration from the site’s industrial past.

“BTR projects like this should prioritise elevating the resident experience beyond the lobby and their front door," Rossington said.

"There is a real opportunity to design for higher density that fosters social connection and builds community.

“The transition from a place for industry back to a place for people will be both transformative and regenerative."

The entire Erskineville Village precinct will be completed by 2026.

&nbsp;

[smartcode_project_cta:default project_id=143114]

Joseph Nahas, Coronation’s Managing Director, says Coronation is committed to the Erskineville community and delivering a quality, community-led precinct

BVN win design comp for Coronation's $1.5 billion Erskineville Village urban renewal project

Renowned developer Poly Global is nearing completion of its transformative master plan development Spring Square by Poly, an exciting investment opportunity nestled in the lively suburb of Bankstown.&nbsp;

Located on a 46,400 sqm site at 32 Kitchener Parade at the site of an old RSL, the Scott Carver-designed <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown">Spring Square</a> comprises 516 apartments across five towers over significant retail and commercial space.

Spring Square is strategically positioned within the evolving health precinct of Bankstown. As the region undergoes significant transformation, the development is poised to become a key player in supporting the growing healthcare needs of the community.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=245520]

The $2 billion redevelopment of the Bankstown CBD will see it become the hub of the west.

The City of Canterbury <a href="/new-apartments/bankstown-nsw-2200">Bankstown</a> is committed to a $1.3 billion development of health services in Bankstown, including the construction of a new hospital, with expected completion in 2029. It will become a leading link&nbsp;between other health precincts in the region, connecting areas like Liverpool, Randwick, Westmead, and St George.&nbsp;

The new $340 million high-rise Bankstown City campus of Western Sydney University in Bankstown adds another layer of appeal to Spring Square.

The 18-storey campus comprises 26,000 square meters of state-of-the-art facilities with a focus on technology-rich learning environments.

The Bankstown City campus will offer undergraduate and postgraduate courses in various fields, including teacher education, psychology, arts and humanities, business, accounting, IT, and non-clinical health areas.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=245535]

The curriculum and facilities are tailored to address the needs of the fast-growing Canterbury-Bankstown and southwest Sydney regions, with a focus on health, advanced manufacturing for small and medium enterprises, and education.

The Bankstown City campus is expected to deliver approximately $140 million a year in additional economic uplift to the Canterbury-Bankstown and Western Sydney region.

Further contributing to the investment proposition is Australia's prominent retail property group Vicinity Centres' $1 billion investment in the Bankstown region.

Vicinity Centres envisions a 30-year redevelopment plan for 11.4 hectares of central Bankstown, aiming to create a mixed-use urban neighbourhood.&nbsp;

The project, known as Bankstown Central, includes the addition of at least 19 towers around the existing central shopping centre.

The early plans for the $1.3-billion redevelopment include 1255 residential apartments, 439 hotel rooms, 694 student accommodation units, about 90 serviced apartments, 120,000 sqm of commercial space, and 15,000 sqm of new retail.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=245534]

The existing shopping centre, built in 1966, houses anchor tenants such as Myer, Target, Big W, Kmart, Woolworths, Dan Murphy’s, and Coles.

The redevelopment is expected to bring economic benefits, with the potential to generate an additional $88 million in retail spending, supporting existing retailers and new local businesses.

Situated at the northern end of Bankstown's commercial precinct, Spring Square by Poly is also strategically positioned to benefit from the renewed Canterbury-Bankstown to Sydenham corridor and the new Sydney Metro train line, just 300 metres away.

Sydney Metro aims to deliver quick and reliable turn-up-and-go services between Sydenham and Bankstown by late 2025.

[smartcode_project:default project_id=7054 project_image_fid=245522]

Infrastructure spend tends to lead to increased price growth, which is why investors have turned their eye to Spring Square by Poly, which in itself is a mini community with extensive retail and commercial spaces.

The masterplan features retail shops, a 684 sqm health services facility, a childcare centre, and a spacious basement car park with 714 parking spaces.

Residents of Spring Square will enjoy communal spaces, interconnecting walkways, and green parks, fostering a sense of community and well-being. The inclusion of a garden, small cafes, bars, and outdoor al fresco dining options adds to the lifestyle appeal of the development.

[smartcode_project_cta:default project_id=7054]

[smartcode_project:default project_id=7054 project_image_fid=245535]

Infrastructure spend tends to lead to increased price growth, which is why investors have turned their eye to Spring Square by Poly

Spring Square by Poly: In the heart of Bankstown's $2 billion CBD redevelopment

The term unrepeatable is often a term bandied around when talking about some of Sydney’s finest trophy homes that line the harbour in Point Piper. Unrepeatable for their views of Sydney’s finest landmarks, their access to the water, and the fact the land they sit on can not be recreated.

What prominent property developer <a href="/developers/twt-property-group">TWT Property Group</a> has put together in <a href="/developments/pyrmont-nsw-2009">Pyrmont</a> is equally unrepeatable, with their Grande Pyrmont Bay Estate boasting arguably some of the most grandiose house proportions, unrivalled in an inner-city, harbourside suburb.

Almost unfair to call them terraces given their size, the 11 residences that made up Grande Pyrmont were built to the highest standards by iCIRT-rated builder Decode Group in late 2020. A few months later the development won the 2021 Best Low-Rise Residential Development Awards at the Urban Taskforce Development Excellence Awards.

[smartcode_project:default project_id=139957 project_image_fid=251027]

Urban was recently invited on a tour of one of the final two homes in Grande Pyrmont, The Manor, one of the most impressive homes in the collection. What was immediately obvious, and surprising, was the size and scale of the home, in an area known typically for tight terraces houses. It has 1,170 sqm of internal space, not including the 230 sqm of outdoor terraces and balconies, nor the parking for two cars.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/Os1cTIpaGow?si=m308r9_I0KEHWNQz" title="YouTube video player"></iframe>

Purposefully unassuming from the front to blend into the 1800s Pyrmont character facades that make the harbourside suburb a historian’s dream, access to the terrace development from Harris Street is through a modest sandstone entry. Of course there’s also direct access from the car park.

[smartcode_project:default project_id=139957 project_image_fid=251047]

In keeping with their commitment to preserve heritage and create something which balances legacy with contemporary, the entry lobby to Grande Pyrmont Bay features a mini museum, with artefacts recovered during the excavation phase of the development. There’s spoons and plates that date back to the 1800s. The excavation also uncovered yellow sandstone, which heritage expert Troy Stratti said will have been there for 200 million years.

On the wall of the lobby is also a timeline, from when the Gadigal aboriginal people inhabited the site as the traditional custodians, to now.

While essentially set just one street back from Harris Street, the terraces have been cleverly designed to block out any noise. Even the extensive outdoor space is more tranquil than traffic. The ground floor, which is the main entertaining level, features a soaring double-height void to one of the upper levels, creating a grand sense of space. Adjoining the living room, which has a striking fireplace, is a luxury bar area, a cinema room, and a sauna and a cellar.

This level opens to the main outdoor entertaining space, complete with outdoor entertaining area, barbecue kitchen, and a swimming pool, set amid landscaping and an elevated viewing-like deck with views across to Barangaroo.

[smartcode_project:default project_id=139957 project_image_fid=251043]

Up the sculptural staircase, or lift, to even more impressive views to Barangaroo and Darling Harbour. Here there’s another living area, three guest bedrooms, two bathrooms, and a laundry room.

The staircase continues to the yet another living level which homes a lounge, adjoining kitchen,&nbsp;complete with Calacatta Blanco Marble and a butlers pantry as large as most regular kitchens, and a dedicated dining space.

Up another level and there's yet another lounge area, as well as a&nbsp;home office which is positioned at the front of the terrace to take in the extensive views. Two further bedrooms sit privately on this level.

Crowning the home is a 148 sqm whole floor master suite, the sixth bedroom, which comprises an ensuite with a freestanding sculpted bath, and a walk-through wardrobe with dressing room and vanity. Its most impressive feature is the private terrace, complete with a spa and views of the whole of Barangaroo and the Sydney Harbour Bridge.

[smartcode_project:default project_id=139957 project_image_fid=251034]

The commercial grade lift by Kleemann Atlas runs through each of the seven levels, all the way from the top level master suite to the basement level which is ensconced with towering original sandstone, cliff-like walls.&nbsp;

This space has been left empty so a purchaser can use it however they wish. Some have created an ultimate man cave, which are more common in converted garages rather than in a space which actually resembles a cave. A large enough space for a full wellness zone rather than a typical home gym, some of the potential uses discussed can be a wine tasting room, a golf simulator, or a huge private cinema.

<a href="/buildings/grande-pyrmont-71c-harris-street-pyrmont">The Manor at Grande Pyrmont Bay</a> is seeking $23 million and is ready to move in. The option to keep the styled, custom furniture by Coco Republic, is an added extra.

[smartcode_project_cta:default project_id=139957]

Grande Pyrmont: Unrepeatable mansions in the heart of the Sydney Harbour

Prominent Cronulla developer Sammut Group has kicked off construction at its highly anticipated mixed-use development, VUE.

VUE, a transformational project on a 5225 sqm site at <a href="/new-apartments/vue-3-23-kingsway-cronulla">3-23 Kingsway</a>, is set over two eight-storey buildings over a double-storey podium. The development will include 112 apartments, 880 sqm of commercial space and 3000 sqm of retail space including Harris Farm Markets.

The $350 million mixed-use project, to be delivered with venture capital partner Alceon Group, marks a significant milestone for Cronulla, representing the first urban renewal development since Northies Hotel in 1999.

The project is due for completion by late 2025.

[smartcode_project:default project_id=106933 project_image_fid=253675]

<a href="/developers/sammut-developments">Sammut Group</a> Chief Executive Officer Allen Sammut said VUE is set to enhance Cronulla’s coastal identity and future-proof the area for years to come.

“We believe in respecting the history of <a href="/new-apartments/cronulla-nsw-2230">Cronulla</a> while steering it towards a thriving future,”&nbsp;Allen said.

“VUE demonstrates our commitment to preserving the community’s spirit while introducing enhancements that will benefit residents and locals alike.

It’s not about changing what we know and love, it’s about enhancing the area’s unique qualities.”

As Sammut Group’s largest project to date, VUE has attracted a diverse mix of interest with 30 apartments snapped up pre-launch and all one-bedroom apartments are sold out. The overall of the buyer mix has been from&nbsp;local professionals, downsizers and first home buyers.

[smartcode_project:default project_id=106933 project_image_fid=253677]

The 112 apartments are made up of 25 one-bedroom and 30 two-bedroom apartments, the latter starting from $2,115,000. the 51 three-bed units start from $3,215,000. There are just six three and four-bedroom penthouses.

Designed by <a href="/architects/pbd-architects">PBD Architects</a> with interiors by <a href="/interior-designers/mim-design">Mim Design</a>, the project has a resort-style feel featuring a large communal terrace with a pavilion and pool, sauna and open-air gym located at podium level, while street-level landscaping and upgrades to the public domain will bring new vitality to the daily experience of the area.

&nbsp;

[smartcode_project:default project_id=106933 project_image_fid=253676]

Vue Cronulla will be delivered by multi-award-winning, iCIRT-rated construction firm <a href="/new-apartments/vue-3-23-kingsway-cronulla">Decode</a>, who is responsible for more than 33 projects across the full spectrum of sectors including the landmark mixed-use project Burwood Grand, which was recently awarded the 2023 Urban Taskforce Best Mixed-Use Development Award.

Decode Founder and Chairman Sam El Rihani said his team is excited to deliver an iconic project for Cronulla.

“We are honoured to be entrusted with the delivery of VUE, a project that is set to redefine Cronulla’s Northern Gateway and contribute to the area’s transformation,” El Rihani said.

“Sammut Group continues to set the bar for design excellence and VUE is evidence of that, with beautiful architecture and considered design that will benefit the residents and the local community.”

[smartcode_project:default project_id=106933 project_image_fid=253679]

The project sits 500 metres from another major Sammut Group development, PARC, a commercial building and hospitality venue PARC Pavilion which Sammut Group will operate in partnership with leading hospitality group Feros Group.

Sammut Group Chief Operating Officer Julian Sammut said he is thrilled to see the momentum for two significant Sammut Group projects.

“With our PARC development progressing and construction now kicking off at VUE, our vision to ‘bookend’ Cronulla Mall with the highest level of design quality is soon to become a reality,” Julian said.

“We’re excited to see these two very significant projects generate vibrancy and buzz for the area.”

[smartcode_project:default project_id=106933 project_image_fid=253678]

Sammut Group has sold 80 per cent of the commercial suites to locals keen to secure convenient modern office space and continues to field strong enquiries from speciality food and beverage operators looking to neighbour the flagship Harris Farm Markets.

<a href="/project-marketer/highland-project-marketing">Highland</a> CEO David Highland said the strong interest in the residential, retail and commercial spaces at VUE demonstrates the local appetite for a modern and fresh development in a desirable location.

“We’ve seen a consistent flow of enquiries and sales across all components of the development, with locals eager to live or work at VUE and enhance their quality of life,”&nbsp;Highland said.

“To see strong interest in the commercial and retail spaces two years out from the project completion shows how in demand this location is.

“With Sammut Group’s project portfolio predominantly located in Cronulla, prospective buyers and tenants can see Sammut Group’s commitment to elevate the area through its developments, consistently setting out to deliver high-quality spaces with the signature coastal-luxury style.”

[smartcode_project_cta:default project_id=106933]

Highland CEO David Highland said the strong interest in the residential, retail and commercial spaces at VUE demonstrates the local appetite for a modern and fresh development in a desirable location

Sammut Group kick off construction of game-changing Cronulla precinct, VUE

Chinese developer Bridgehill Group is continuing to inject new apartment supply to Zetland's Green Square precinct.

They've just launched LUNA, which accompanies their already completed <a href="/buildings/uno-green-square-105-115-portman-street-zetland">UNO</a> and <a href="/new-apartments/jade-apartments-113-portman-street-zetland">Jade Apartments</a>&nbsp;buildings, as well as their under construction <a href="/new-apartments/alba-zetland-499-botany-road-zetland">ALBA development</a> next door at 499 Botany Road.

<a href="/new-apartments/luna-499-botany-road-zetland">LUNA</a> comprises 230 one, two, and three-bedroom apartments and penthouses spread across a ten-level building designed by <a href="/builders/mhn-design-union">MHN Design Union</a>.

<img alt="LUNA" data-entity-type="file" data-entity-uuid="eb69c14c-7a65-458a-8604-c89ff0e22b9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-20%20at%202.48.32%20pm.png?VersionId=79dVxNJvuWnRERr177NKAHyyNne_sWBy" />

The building's facade is characterised by striking masonry columns reminiscent of the Heritage Architecture that was once prevalent in the neighbourhood.

Each apartment features open living and dining areas leading to deep balconies with district outlooks, complemented by oversized windows flooding the space with natural light and framing neighbourhood views.

<img alt="LUNA Zetland" data-entity-type="file" data-entity-uuid="53a112fe-9fa0-4ef5-a3fd-fd0cbcfcc245" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-20%20at%202.48.21%20pm.png?VersionId=DMn1IQihMJ7scKU5NlRIYufI6W_OZBDV" />

The master bedrooms are oriented towards open spaces, maximising exposure to sunlight and breezes.

LUNA will offer a variety of amenities, including a 700 sqm landscaped rooftop terrace with BBQ facilities, a community lounge, a shared EV charging station, and a pet wash bay.

<img alt="LUNA" data-entity-type="file" data-entity-uuid="8b642ba8-5be2-47dc-8b84-14a661c749d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-20%20at%202.48.14%20pm.png?VersionId=.eZpkPTwe4yphJWWk857rqvde.OKgd0p" />

The <a href="/new-apartments/zetland-nsw-2017">Zetland apartment development</a> is strategically located near Gunyama Park Aquatic &amp; Recreation Centre, Drying Green Park, and Green Square's primary school, with easy access to the Green Square Train Station.

Under construction by <a href="/builders/westbourne-constructions">Westbourne Construction</a>, LUNA is slated for completion in Q3 2024.

<a href="/developers/bridgehill-group">Bridgehill Group</a>&nbsp;has over $2 billion worth of development either complete or under construction. They have a portfolio of 1,800 residences either completed or under development.

Under construction by Westbourne Construction, LUNA is slated for completion in Q3 2024

Bridgehill Group release latest instalment of Zetland precinct, LUNA

Joint venture partners Central Element and Develotek have broken ground on their luxury Drummoyne harbourfront apartment development, Bianca Drummoyne.

iCIRT-rated Sydney builder <a href="/builders/trescon">Trescon</a> will deliver what will be Central Element's first project in the inner west. <a href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne">Bianca Drummoyne</a> will comprise just 12 three and four-bedroom waterfront residences.

Bianca is the first new waterfront project to be released in Drummoyne since 2020, located in an elevated position on the northern edge of the peninsula with water views of <a href="/new-apartments/drummoyne-nsw-2047">Drummoyne</a> Bay, out to the harbour and the city skyline.

[smartcode_project:default project_id=139660 project_image_fid=253656]

&nbsp;

&nbsp;

Trescon has strong experience across a diverse portfolio of projects with a passion for high-end luxury residences. They restored and renovated a 1928 Wunulla Road, Point Piper residence led by architect Richard Stanisich which sold for $69 million.

Multi-disciplinary architecture and design firm <a href="/architects/sjb-architects">SJB</a>, one of Central Element's long-standing design partners having also designed Pienza Neutral Bay and Ethos Chatswood, handled the architecture at Bianca.

[smartcode_project:default project_id=139660 project_image_fid=253659]

Nathan Chivas, Managing Director of <a href="/developers/central-element">Central Element</a>, said CE seek out exceptional sites in premium suburbs to build luxurious living spaces of the highest quality that establish new benchmarks for their respective areas.

"It is important that we have partners who really share in our vision, and we have no doubt that with Develotek, Trescon and SJB on board, we will create something truly remarkable with Bianca.”

Read more:&nbsp;<a href="/news/nsw/the-story-behind-central-elements-push-for-ultra-luxury-in-sydneys-best-suburbs-five-minutes-with-managing-director-nathan-chivas">The story behind Central Element's push for ultra-luxury in Sydney's best suburbs: Five minutes with Managing Director Nathan Chivas</a>

Local downsizers and empty nesters have been the most active buyer groups since the project release given the house-size proportions of the apartments, most exceeding 200 sqm.

[smartcode_project:default project_id=139660 project_image_fid=253661]

The apartments offer&nbsp;expansive state-of-the-art kitchens, butler’s pantries and secondary living spaces. Bianca’s rare north-facing position optimises harbour views, with residences boasting 10-13 metres of water frontage.

Recent sales have set record prices for luxury harbourside apartments in Drummoyne, averaging over $40,000 per square metre.

The first release of Bianca is now sold out, with the second release featuring a selection of three and four-bedroom residences now selling through McGrath's agents Tracey Dixon and Rob Alfeldi.

Completion for Bianca is anticipated for mid to late 2025.

[smartcode_project_cta:default project_id=139660]

Completion for Bianca Drummoyne is anticipated for mid to late 2025.

Central Element break ground on Bianca Drummoyne

Project marketers in Sydney are expecting a strong 2024 in the off-the-plan apartment development space.

2023 was one of mixed fortunes in Sydney, given the harbour capital boasts the highest median unit price of any capital by some margin. Impact from rising interest rates is understandably felt more when the price of the property is higher. Buyers at what had previously been entry-level, around the $600,000 mark in most areas within 10 kilometres of the city, were being told they might only now be able to spend $500,000, given the rapid rise in interest rates.&nbsp;

There was a lot of sitting on the fence, particularly from the downsizer market who often aren't in a great hurry to list their family home. They see downsizing as more of a necessity and tend to take longer in their purchasing decisions given their next buy will be more their 'forever home' than the last.

Despite some barriers to entry and hurdles to overcome in 2023,&nbsp;positive sentiment is creeping back into the market. Project marketers are saying that prospective buyers are starting to get wise that, off the back of inflation data and forecasts of the first RBA rate cut later this year, the market is about to boom again.

While those drivers tend to be more closely tied to the established market, a boom there will see the price difference between off-the-plan projects and established housing grow further, making it even more difficult than it already is to buy property in Sydney.

There's the belief that 2024 is going to be a good year for the off-the-plan market, driven by buoyed consumer confidence and the growing gap between supply and demand.

CBRE Managing Director Dave Milton said across the board they're seeing a lot of new enquiries from prospective buyers that they haven't spoken to previously.

"There's an uptick of people who have just started looking and will be looking to transact at some point in 2024," Milton says, adding that enquiry is coming from every demographic, even the expat market in some of their more luxury projects.

Milton says there's been strong buyer demand at Deicorp's <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> in <a href="/developments/norwest-nsw-2153">Norwest</a>, and <a href="/new-apartments/abbies-lane-8-mccarthy-lane-annandale">Abbie's Lane</a> in <a href="/developments/annandale-nsw-2038">Annandale</a>, of which Milton says is assisted by the starvation of stock in the inner-west.

[smartcode_project:default project_id=106821 project_image_fid=169998]

CBRE will be launching Deicorp's new Melrose Park masterplan later this year, a project that Milton says will somewhat help alleviate the current supply crisis Sydney is facing.

<a href="/project-marketer/colliers">Colliers</a> National Director Residential Blake Schulze&nbsp;says buyers have started to enquire, inspect displays, and most importantly transact, since returning from the summer holidays post Australia Day.

"Those that were actively reserving apartments in the lead up to Christmas have now gone through to unconditional sale, while those who were browsing at Christmas are starting to come down to the displays. Then there's a third cohort who are coming in fresh, assisted by the recent economic data suggesting there will be a rate cut later this year."

[smartcode_project:default project_id=139897 project_image_fid=212566]

Schulze says demand has been far-ranging.

"We're seeing demand across a broad selection of projects, which is always a good sign. It's not just certain markets or locations. A whole range of buyer types are now participating in the off-the-plan space."&nbsp;

<a href="/project-marketer/mcgrath-projects">McGrath Projects</a> Associate Director Adam Sparkes, who is marketing <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a> in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> as well as <a href="/new-townhouses/yarrabee-152-166-narrow-neck-road-katoomba">Yarrabee</a> in <a href="/developments/katoomba-nsw-2780">Katoomba</a> and <a href="/new-apartments/dara-41-43-kildare-road-blacktown">DARA</a> in Blacktown, says all projects, which offer a very diverse range of stock, are getting results.

[smartcode_project:default project_id=94147 project_image_fid=197727]

"We had good enquiry over the holidays and that's now resulting in sales," Sparkes says of all of his projects.

All the three-bedroom plus study apartments at Grand Reve have been sold, the final one being picked up late last year, so now the attention has moved to the four-bedroom apartments.

Downsizers are showing the most interest at Grand Reve, which is on track for completion later this year. iCIRT-rated building DASCO, on behalf of developer Kassis Homes, has nearly topped out one of the two buildings. Sparkes says the later stages of construction tend to draw downsizers compared to the early stages.

"They're typically the later apartments to go when the building is approaching completion, as downsizers can see a firm and more accurate end date on the project. They can start to engage agents, work out the best time to sell, and move into the apartment after the sale of their family home," Sparkes says.

[smartcode_project:default project_id=94147 project_image_fid=203070]

"We've had downsizers start to look at the four-bedroom apartments at Grand Reve, after selling out all of the three-bedroom plus study apartments late last year.

<a href="/project-marketer/ray-white">Ray White</a> Partner Marcello Bo, who is handling sales at <a href="/developers/stargate-property">Stargate</a>'s <a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">Centennial Collection</a> in <a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>, says overall sentiment with buyers is stronger.

"In terms of availability, we're still finding it quite limited," Bo says, adding that it's been the higher price stock which has proven the most popular and has been the easiest to sell.

[smartcode_project:default project_id=136076 project_image_fid=212620]

"With talk of interest rates dropping and the fact they're holding is bringing a lot more confidence. The owner-occupier market is healthy, and that confidence will only increase through 2024."

Ray White has just released a handful of two-bedroom apartments facing the park, as well as the last three-bedroom apartments with city and harbour views.

How the Sydney off the plan apartment market is faring heading into 2024

Sydney developer ALAND has sold the last of its 289 apartments at Carson on the Park in St Marys, just as the project reaches completion.

The $170 million masterplanned community, the first of its kind in St Marys, sits on a one-hectare site in the heart of the town centre and contains a mix of one, two and three-bedroom apartments across four eight-storey buildings.&nbsp;

With prices ranging from $495,000 for a one-bedroom apartment to $722,500 for a three-bedroom apartment, the project has attracted interest from buyers across Greater Sydney with over 50 per cent sold to first-home buyers and 41 per cent sold to investors.&nbsp;

&nbsp;

<img alt="Carson" data-entity-type="file" data-entity-uuid="5b8c9ae4-5ed2-4d04-af63-f260868d2657" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-16%20at%202.36.57%20pm.png?VersionId=dOGNqSuOY_KWDeteFuGVZWpAokWkR3SC" />

ALAND Chief Executive Officer George Tadrosse says the positive response to Carson on the Park vindicated ALAND’s commitment to build affordable, quality housing in areas of high growth and comes at a time when Australia faces an acute shortage of new housing.&nbsp;

“When we announced the project in July 2022, we quickly sold over 100 apartments off-market and continued to see strong demand right up until completion. To see that amount of interest, particularly from first home buyers, is proof that we’re delivering homes that people want,” he said.&nbsp;

“This development is a prime example of what we stand for -- a strategically positioned and well built property that gives people the ability to live in a high-quality home, but also take the opportunity to create a property portfolio.”&nbsp;

The federal government has set a target of building 1.2 million new dwellings between now and 2029, but the NSW Premier Chris Minns has already admitted that the state will struggle to meet its goal of building 75,000 new houses and apartments each year.&nbsp;

Carson on the Park is located close to St Marys Village Shopping Centre and several parks and reserves, plus an abundance of schools, shopping and medical facilities, positioning it as an ideal place to live and also as a sound investment opportunity. &nbsp;

<img alt="Carson" data-entity-type="file" data-entity-uuid="0c161de1-90a9-479f-8b4e-f11d7918d424" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-16%20at%202.37.12%20pm.png?VersionId=2fwjl3i_QayJvD0wlDTZsnG0DrXlQgTb" />

The development includes communal outdoor spaces with barbecue areas and a children’s playground. Each apartment features a spacious balcony or courtyard with state-of-the-art kitchens fitted with energy-efficient Fisher &amp; Paykel appliances and stone benchtops.&nbsp;

ALAND Head of Sales Scott Rudgley says the success at Carson on the Park is indicative of the underlying strength of the Western Sydney residential property market.&nbsp;

“It’s been fantastic to see the project sell out at completion. This a testament to the community’s trust in ALAND and the Western Sydney market generally,” he said.

St Marys is one of the major beneficiaries of more than $20 billion worth of NSW Government investment earmarked for Western Sydney, with several major civic, health, retail, and transport projects due to be completed within the next few years.&nbsp;

“People see enormous opportunity in this location on the back of several major infrastructure projects, including the new metro line and Western Sydney International Airport,” said Mr Rudgley.&nbsp;

Established over 20 years ago, ALAND is known for delivering high-quality, mixed-use developments in fast-growing regions across Western Sydney and NSW Central Coast.&nbsp;

The multi-disciplinary development and construction company has a pipeline of more than 6,500 apartments throughout Greater Sydney and the NSW Central Coast, with over 1,300 apartments currently under construction.&nbsp;

[smartcode_project_cta:default project_id=13486]

ALAND Chief Executive Officer George Tadrosse says the positive response to Carson on the Park vindicated ALAND’s commitment to build affordable, quality housing in areas of high growth and comes at a time when Australia faces an acute shortage of new housing

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