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?

Top Spring Australia has secured over $100 million in sales in the last three months at its <a href="/developments/st-leonards-nsw-2065">St Leonards</a> parkside masterplan community, The Newlands.

They've now sold over $160 million worth of apartments in the <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">1.26-hectare precinct</a>, with the strongest enquiry coming from professionals seeking an inner-city, tree-change lifestyle which is on the&nbsp;doorstep of the Royal North Shore Hospital and education precincts, and less than five kilometres to the <a href="/new-apartments/sydney-nsw">Sydney CBD</a>.

Colliers Director Daniel McMahon said professional couples accounted for 80 per cent of buyers at <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, attracted to its Lower North Shore location and easy access to the hospital and education precincts.

Downsizers accounted for 15 per cent of purchasers, relocating from their established homes on both the Upper and Lower North Shore, including Kirribilli.

[smartcode_project:default project_id=24509 project_image_fid=203622]

“The Newlands is a development for every generation evidenced by the mix of buyers, from young families who value the large apartments, green space and parkland proximity, to empty nesters who appreciate the premium finishes and walkable lifestyle,” McMahon said.

“Regardless of their stage in life, every purchaser has commented on the tree-top outlook and resident amenities. They see it as a place to create a home and it appeals to their personal values in terms of community, sustainability, and connection to nature.”

The demand has fast-tracked the formal launch of the Glade collection, a boutique nine-level building of one, two and three-bedroom apartments alongside the 5,700 sqm green spine of <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>.

The Bates Smart-designed project is bordered by parkland on three sides and includes communal onsite electric vehicles and e-bikes, refrigerated parcel lockers for grocery deliveries, and a digital concierge to connect services such as cleaners, personal trainers, and dog walkers.

Private resident amenities include a resort-style pool, playgrounds, gyms, and rooftop entertaining areas with city views.

[smartcode_project:default project_id=24509 project_image_fid=203623]

Top Spring Australia Development Director, Jeff Curnow, said the scale of <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a> is a refreshing contrast to towering high-rises, reflecting a community-driven design approach that embraces the tree canopy of the century-old Newlands Park.

“The entire development acknowledges its rare parkfront position and is surrounded by trees and greenery with elevated walkways, water features and nature pathways,” Curnow said.

“More than 50 per cent of the site is dedicated to green spaces, with a private green spine of beautifully landscaped gardens, recreation spaces and mature trees.

“It’s incredibly rare to have a tree-change lifestyle of this scale so close to the <a href="/new-apartments/sydney-nsw">CBD</a> and we’ve experienced an extraordinary response from home buyers.”

Early works have commenced on the Canberra Avenue site with DASCO appointed Top Spring Australia’s construction partner.

Prices start at $865,000 for a one-bedroom apartment, $1.42 million for two bedrooms, and $2.42 million for three bedrooms.

[smartcode_project_cta:default project_id=24509]

Colliers Director Daniel McMahon said professional couples accounted for 80 per cent of buyers at The Newlands, attracted to its Lower North Shore location and easy access to the hospital and education precincts

Top Spring fast track next stage of The Newlands St Leonards after $100m of sales

Renowned developer <a href="/developers/deicorp">Deicorp</a> has seen huge demand for its <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village development</a> in Sydney's north west.

The latest stage of the <a href="/developments/rouse-hill-nsw-2155">Rouse Hill development</a> is already 65 per cent sold, following a <a href="/news/nsw/deicorp-sell-out-first-stage-of-670-million-tallawong-village">successful sell out of stage one earlier this year</a> and the all but sold out stage two.

The surge of buyer interest, at what will be a thriving community just steps away from the Sydney Metro Tallawong Station, led to <a href="/developers/deicorp">Deicorp</a> bringing forward stage three to meet the soaring demand

[smartcode_project:default project_id=106821 project_image_fid=169991]

With a focus on affordability and contemporary living, <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> caters to a diverse range of homebuyers, including owner-occupiers and investors. Designed by Turner Studio, the project features a mix of one, two, and three-bedroom residences, in a bid to attract a wide buyer market, suiting a variety of lifestyles and preferences.

One of the key attractions of Tallawong Village is its strategic location and excellent connectivity. Residents will enjoy the benefits of the planned Tallawong Town Centre, which is expected to bring 30,000 sqm of retail space, enhancing the convenience and lifestyle of the community. Furthermore, the bustling Rouse Hill Town Centre, with its wide array of amenities and shopping options, is just a single metro stop away.

<a href="/news/nsw/deicorps-top-four-sydney-off-the-plan-apartment-developments-for-sale-in-august">Deicorp's top four Sydney off the plan apartment developments for sale in August</a>

Construction is well underway, and as the development takes shape, <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> is poised to become a dynamic hub of connectivity, community, and commerce. For those seeking the perfect blend of urban living and suburban tranquility, Tallawong Village offers the best value apartments in the area.

[smartcode_project:default project_id=106821 project_image_fid=215908]

Living in Tallawong Village means more than just owning a property; it entails becoming part of a vibrant and welcoming neighbourhood. The development's strategic location ensures easy access to modern amenities while fostering a strong sense of community spirit among its residents.

The success of Tallawong Village's earlier stages is indicative of the ongoing growth in the northwest Sydney property market.&nbsp;

[smartcode_project_cta:default project_id=106821]

The latest stage of the Rouse Hill development is already 65 per cent sold, following a successful sell out of stage one earlier this year and the all but sold out stage two

Deicorp continue success at Tallawong Village as latest stage flies to 65% sold

Multi-award winning construction company Decode will lead the build of Dairy Farmers Towers, the <a href="/developments/newcastle-nsw">Newcastle apartment development</a> by Third.i.

The iCIRT rated and multi-accredited builder, who have built&nbsp; TWT Property Group's Grande Pyrmont Bay Estate in Sydney's Pyrmont, will lead the build of the <a href="/new-apartments/dairy-farmers-towers-newcastle-west-924-hunter-street-newcastle-west-nsw-2302">two-tower Wickham development</a>, which will comprise 180 one, two and three-bedroom apartments.

Third.i Co-Founder Luke Berry said Decode’s Grande Pyrmont was a competing development for Third.i’s recently completed luxury townhouse project, Paragon of Pyrmont, and the Sydney construction company made an impact.

[smartcode_project:default project_id=109979 project_image_fid=187063]

“We were thoroughly impressed with the quality of the build at Grande Pyrmont, and we have wanted to work with Decode ever since," Berry said.

"After reviewing Decode’s projects within Sydney and the surrounding areas, we gained an understanding of the team's ability to deliver a quality product that all stakeholders were proud of.

“Today’s announcement marks the start of an exciting partnership that will see <a href="/new-apartments/dairy-farmers-towers-newcastle-west-924-hunter-street-newcastle-west-nsw-2302">Dairy Farmers Towers</a> brought to life for residents and the wider <a href="/developments/newcastle-nsw">Newcastle community</a>.”

[smartcode_project:default project_id=109979 project_image_fid=187057]

Decode Chairman and Founder, Sam El Rihani, said they were thrilled to be partnering with Third.i to deliver their vision for Dairy Farmers Towers.

“We are excited and honoured to be partnering with Third.i on a project of this scale and calibre, embarking on our inaugural venture outside Sydney," Rihani said.

"As we forge ahead into this new chapter, we remain resolute in our mission to deliver excellence in construction, and we are eager to set a new benchmark for modern living in the <a href="/developments/newcastle-nsw">Newcastle CBD</a>.

“With Third.i’s reputation for creating exemplary legacy projects and our commitment to excellence, the project will breathe new life into one of the city’s most iconic locations.”

Situated in the heart of Newcastle’s West End, Dairy Farmers Towers will boast some of the best views of <a href="/developments/newcastle-nsw">Newcastle</a>, and amenity including&nbsp;communal green spaces, a state-of-the-art gym, an elevated north-facing outdoor swimming pool and sundeck, a wine bar and cellar, as well as an exclusive residents’ only shared work hub.

[smartcode_project:default project_id=109979 project_image_fid=187054]

As an ode to <a href="/developments/newcastle-nsw">Newcastle's</a> history, the project will also re-imagine the heritage-listed glass milk bottle and clock towers as part of a pedestrianised, broader public art installation.

Around 75 per cent of the <a href="/new-apartments/dairy-farmers-towers-newcastle-west-924-hunter-street-newcastle-west-nsw-2302">Dairy Farmers Towers</a> have sold since the project launched in late 2021.

“Despite tough economic conditions over the past 12-18 months, we haven’t seen a decline in activity throughout the region with demand remaining steady for the relaxed, more affordable lifestyle <a href="/developments/newcastle-nsw">Newcastle</a> has to offer," Berry added.&nbsp;

“From first home buyers through to downsizers, Newcastle has everything you could ever want in a city without the continuous hustle and bustle of major cities such as Sydney. Offering access to a great selection of bars, restaurants, large shopping centres and other lifestyle amenities, the region is the perfect option for those who still want a city life paired with a more peaceful lifestyle.”&nbsp;

Decode will be on site in the coming weeks upon completion of early works at <a href="/new-apartments/dairy-farmers-towers-newcastle-west-924-hunter-street-newcastle-west-nsw-2302">Dairy Farmers Towers</a>.

[smartcode_project_cta:default project_id=109979]

The iCIRT rated and multi-accredited builder will lead the build of the two-tower Wickham development, which will comprise 180 one, two and three-bedroom apartments.



Third.i appoints Decode as builder for Dairy Farmers Towers, Newcastle apartment development 

Kellyville will soon welcome a new residential development to its leafy enclave, with joint venture partners Laurus Projects and Grandland Group well underway with construction of Montane.&nbsp;

Located on Wrights Road, the project will deliver a boutique collection of one, two and three-bedroom apartments to the heart of the suburb, bringing with it an affordable living experience amongst the ongoing transformation across north west Sydney.

[smartcode_project:default project_id=94434 project_image_fid=192320]

Taking advantage of its elevated position, Montane is set against a backdrop of the Blue Mountains, with the three four-storey buildings surrounded by lush greenery and natural surrounds.&nbsp;

Crowning each of the buildings will be a communal rooftop terrace, complete with gardens, children's play area, covered barbecue facilities, integrated seating and a fully-equipped gym. The rooftop spaces will also feature community rooms, which can be booked out by residents for meetings and private functions.&nbsp;

The apartments themselves combine intelligent architectural design with premium finishes.

The kitchens, which serve as the heart of the homes, feature breakfast bars, 40 millimetre stone benchtops, stainless steel European appliances, timber joinery and travertine tiling.&nbsp;

[smartcode_project:default project_id=94434 project_image_fid=192312]

The bathrooms are just as considered, boasting frameless glass shower screens, gold Calacatta feature vanities and chrome tapware.&nbsp;

Residents of Montane will also benefit from smart home automation, which will allow residents to control various aspects of their apartments using Google Home technology.&nbsp;

A limited number of unsold apartments remain in Montane, with the first crop of buyers expected to move in by Q4 this year.&nbsp;

[smartcode_project_cta:default project_id=94434]

Taking advantage of its elevated position, Montane is set against a backdrop of the Blue Mountains, with the three four-storey buildings surrounded by lush greenery and natural surrounds

Buyers set to move into Montane, Kellyville apartments by Q4 2023

The rejuvenation of Byron Bay's main thoroughfare, Jonson Street, is set to continue.

New plans have been lodged by local developer Jason Dunn, whose JD Property Group is proposing a mixed-use development at <a href="/new-apartments/secret-garden-119-123-jonson-street-byron-bay">119-123 Jonson Street</a>. Earlier this month JD Property Group won two major awards at the 2023 NSW Urban Development Institute of Australia (UDIA) Awards for their mixed-use project Jonson Lane, down the road from the new proposal.

The latest project will be just 22&nbsp;apartments above an activated ground plane.

The 2,727 sqm site, 750 metres from Main Beach and on the corner of Jonson and Kingsley Street, will home six retail spaces and a food and beverage tenancy, set around a central courtyard.

<img alt="Byron Bay" data-entity-type="file" data-entity-uuid="a829d92c-4234-47e5-b4ef-8c3356212ec1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-09%20at%208.39.57%20am.png?VersionId=BEip2.99q9f.pudTQbwYA6HXgqIdCv7q" />

There will be 85 parking spaces created, 44 retail and 41 residential, across the two basement levels.

The two levels above the 1,073 sqm of retail will comprise 22 two, three and four-bedroom apartments. The nine apartments on the top level have their own private rooftop terraces. They share the roof with a communal pool for all of the residents.

Architecture firm BayleyWard refined their designs after working with the <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> Department of Environmental Planning for the most desired outcome.

A pre-lodgement community engagement program was undertaken late last year, with only one property making contact regarding the proposal despite a letterbox drop to every property within a 500m radius of the site, an ad in the Byron Shire Echo, and a site notice. The Community Engagement Report suggested it could be because the comprehensive project website provided sufficient information and answers.

"Whilst there were questions and there was feedback (almost all of it was positive and none of it was negative), there were no requests for changes to the draft proposal," the report noted.

<img alt="Byron" data-entity-type="file" data-entity-uuid="d7f46ceb-fade-45f1-9645-7203e2b00b0c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Byron.jpg?VersionId=Ue5TJNSc4OAciGaUYhITV2K0vvXn_g8M" />

BayleyWard noted in their Design Statement that the&nbsp;client and design team has developed an architectural response that addresses key issues discussed during the consultation process with the <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> Design Excellence Panel.

"In considering the urban design response to Jonson Street, it was recommended that there is a two-storey expression on Jonson Street with a recessed in alignment with the objectives of the Byron Shire DCP to support the desired street character," the report read.

"This two storey expression has been incorporated into the proposal with an accentuated ground floor retail storey with a masonry balcony element articulating the second storey above. The upper levels are set back and expressed as a darker recessive masonry materiality to minimise visual impact when viewed from the streetscape."

Apartment entry spaces have been designed with generous areas adjacent to front doors to accomodate bike or surfboard storage, planting, or a place to sit and interact with neighbours.

"These spaces extend private amenity into the semi public walkways promoting a sense of ownership, connectivity and community among residents."

<img alt="Jonson" data-entity-type="file" data-entity-uuid="722f6081-ac06-408e-a7d7-bf75d8cfba53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-09%20at%208.54.52%20am.png?VersionId=Lam1.Q42bGrDb690YTTKyu0REteLiU.d" />

Larc Landscape Architecture said the vision seeks to aligns with the aspirations of the <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> Town Centre Masterplan to “connect the Centre of Byron Bay with the spirit of its community.”

"The project strives to create new diverse social hub to encourage locals and visitors to come together - centred around a new public courtyard activated with retail, lifestyle and well-being to create a unique and authentic place in Byron Bay."

The half of the site, 119-121 Jonson Street, is currently home to function and event venue Secret Garden, while 123 Jonson is occupied by a holiday accomodation block.

<img alt="Jonson" data-entity-type="file" data-entity-uuid="346b8d77-6963-43bb-8b40-7a07c801190e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-09%20at%208.34.59%20am.png?VersionId=IMiQ7ZJvEqYOivcZqHzi3B0vPsfF3IFk" />

JD are also planning Jonson Lane, 28 apartments above a commercial precinct at 139 Jonson Street.

Jonson Lane won the Excellence in Boutique Development Category at the UDIA Awards. They also took home Silver in the Retail Development Category, bringing home the Commendation Award. They were the only Northern Rivers development to win an award or be nominated as a finalist in the 2023 Awards.

“Whilst we are proud of the awards, we are learning as we are progressing” Dunn said.

“As well as our collaboration with Architects Bayley Ward, we are working closely with sustainable development consultants HIP V. HYPE on 119-123 Jonson Street. They are responsible for some of the greenest developments in Australia and I really love what they bring to the table.

"Our intention is that this will be one of NSW’s most sustainable developments”.

Elsewhere on Jonson Street, Sydney developer Podia is working with local hotelier on&nbsp;<a href="/new-apartments/the-bonobo-by-raes-byron-bay">The Bonobo by Raes</a>.&nbsp;<a href="/new-apartments/the-bonobo-by-raes-byron-bay">The Bonobo by Raes</a>, at 116-118 Jonson Street, is offering a collection of 44 hotel-managed apartments, pitched as an alternative to Airbnb.

Luxcon have their <a href="/new-apartments/bohemian-90-96-jonson-street-byron-bay">Bohemian project</a> of 44 apartments above a 1,750 sqm retail shopping and international food plaza at 90-96 Jonson Street.

<h2>Fast Facts</h2>

<ul>
	<li>Address:&nbsp;119-123 Jonson Street, Byron Bay</li>
	<li>Developer: JD Property Group</li>
	<li>Site size: 2,727 sqm</li>
	<li>Retail space: 1,073 sqm</li>
	<li>Dwellings: 22 apartments
	<ul>
		<li>6 x two-bedroom apartments</li>
		<li>11 x three-bedroom apartments</li>
		<li>5 x four-bedroom apartments</li>
	</ul>
	</li>
</ul>

Jonson Street has been a hive of activity in the last 12 months, with Luxcon and Podia also developing new apartment projects

First look: New apartments planned for Byron Bay's Jonson Street

Central Element has won two awards at the&nbsp;Urban Development Institute of Australia (UDIA) NSW Awards for Excellence for their <a href="/new-apartments/coogee-nsw-2034">Coogee apartment development,</a> Anden Coogee.

Anden Coogee took the top prize in both the&nbsp;Medium Density Development and Design categories. Their Balmoral Collection in Mosman was also nominated in the Design and Retirement Living categories and Ethos Chatswood for Marketing.

Anden, a collection of 15 luxury apartments on Oberon Street, was completed earlier this year.

<img alt="Anden" data-entity-type="file" data-entity-uuid="a7242b16-6712-423d-98b5-9cafe1a1f1cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-07%20at%201.50.47%20pm.png?VersionId=W3FV.7p0rNlZCx5Mp5YExH_n4DQcE2WU" />

The project, a mix of one, two and three-bedroom apartments, was a collaborative effort between architecture firm MHNDU, interiors experts Lawless &amp; Meyerson, and landscapers Dangar Barin Smith.

Judges’ comments included praise for the careful design that retained the celebrated art deco streetscape – a prominent feature of the Coogee Art Deco Walking Tour, and sustainable features such as its photovoltaic panels, solar access, rainwater collection systems, and that open stairwell promote eco-friendliness.

Also winning the Excelling in Design award,&nbsp;where The Balmoral Collection Mosman was also a finalist, judges recognised Anden’s harmonious design that weaves together the striking original art deco architecture of the former 1930’s block with a new sustainable build.

The development was proclaimed a prime example of biophilic design promoting a greener and healthier way of life, with its central focus the communal garden that unfolds through a series of tiered lawns, complete with fitness floor, yoga space and infrared sauna.

Individual residences feature generous flowing living spaces that seamlessly spill to sun-drenched terraces or private garden courtyards along with state-of-the-art automation and AV technology.

<img alt="Anden" data-entity-type="file" data-entity-uuid="51b49a66-033c-4a4c-9db9-ce5e1790a7e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-07%20at%201.50.55%20pm.png?VersionId=GRqXgqhCefgYkndHBoZVLF_RXdxXuuXV" />

“Taking out the award in two of the four categories we were nominated in is a reflection of the tireless work and dedication of our exceptional team and our valued partners MHNDU, Lawless &amp; Meyerson, Dangar Barin Smith and Ultra Building Co," Central Element Development Manager Sarah Boland said.

"Our team has doubled in size over the past two years, and it is thanks to the support across the board that enabled our specific project teams to excel.&nbsp;

"It is also thanks to our highly regarded and trusted design and build teams that we continue to deliver on our promise to build exceptional living spaces in enviable locations that exceed expectations time and time again.”

Central Element has been busy so far in 2023. They have their <a href="/new-apartments/ethos-15-ellis-street-753-pacific-highway-chatswood">Ethos Chatswood project</a> currently in market, while they've also just received approval for a <a href="/news/nsw/central-element-get-sign-off-for-mixed-use-hyde-park-tower-in-sydney-cbd">new project on the fringe of Hyde Park</a> and their <a href="/news/nsw/central-element-and-develotek-set-to-launch-bianca-drummoyne-apartments-following-council-sign-off">luxury Drummoyne waterfront development, Bianca Drummoyne</a>.

Anden, a collection of 15 luxury apartments on Oberon Street, was completed earlier this year

Central Element win two UDIA Awards for Anden Coogee apartment development

Greenland and joint venture partners Golden Horse Australia have broken ground at Arbor, the second stage at their Erskineville masterplan, Park Sydney.

Arbor, which was first released in late 2021, will comprise 165 apartments, following the completed stage one buildings, Botany and Cascade.

Designed by award-winning Turner Architects, Arbor reflects the heritage of Erskineville’s terrace-lined streets, as well as the local area’s distinct sense of energy and creativity.

Arbor comprises a mix of studio, one, two and three-bedroom apartments starting from $693,000.&nbsp;

Since launching Botany and Cascade back in 2018, Park Sydney has become a thriving community and home to 330 residents, with 100 per cent of the completed apartments fully sold.

Construction partners Alliance Project Group and Mainland Civil have completed the site preparation works on the site which straddles Mitchell Road and Ashmore Street.

Park Sydney, one of the last and largest unencumbered freehold parcels of land in the City of Sydney, is located just four kilometres from the Sydney CBD. It already features a number of pocket parks, anchored by the 7,446 sqm McPherson Park.

There's a Woolworths Metro and a childcare facility already part of the development. It's just a short walk to Erskineville Train Station, as well as the 40-hectare Sydney Park and Erskineville Oval located just a few hundred metres away.

Arbor will be the final stage of Park Sydney handled by Greenland. Last year they <a href="/news/nsw/coronation-property-plan-over-1-000-apartments-at-newly-acquired-park-sydney-erskineville-site">sold five hectares of Park Sydney for $315 million to Coronation Property</a>, who will add a further 1,000 apartments to the community, as well as 5,000 sqm of retail.

Earlier this year Coronation revealed the <a href="/news/nsw/coronation-reveal-plans-for-1-5-billion-erskineville-transformation">first plans for the $1.5 billion development</a>.

&nbsp;

Arbor, which was first released in late 2021, will comprise 165 apartments, following the completed stage one buildings, Botany and Cascade

Greenland break ground at Park Sydney, Erskineville second stage

Sekisui House Australia secured over 50 sales at the launch of Veue Central, the latest stage of their $1 billion <a href="/developments/norwest-nsw-2153">Norwest</a> masterplan The Orchards, at the launch this weekend.

Veue, the fourth stage and the tallest tower in the precinct at 22 levels, saw more than $63 million worth of apartments snapped up, predominantly bought by locals.

One of the sales, a four-bedroom penthouse which sold for $3.2 million, set a new apartment record for Sydney's Northwest.&nbsp;

The majority of the 53 sales were two-bedroom apartments (38). Eight one-bedroom apartments were sold, as were five three-bedroom apartments and two four-bed penthouses.

Sekisui Sales Manager David Lee said sales in The Orchards continue to demonstrate strength in <a href="/developments/norwest-nsw-2153">Norwest</a> and the Sydney market generally.

"Over 60 per cent of purchases came from locals, whilst the remainder was mostly spread across 15 Sydney suburbs," Lee said.

[smartcode_project:default project_id=140704 project_image_fid=217810]

“There was a diverse mix of buyers from owner-occupiers and downsizers to first home buyers and renewed interest from overseas investors from South-East Asia. This cohort of purchasers recognize the benefits of buying in a well-located area such as Norwest, a north-west growth suburb.

“It is all about location for them and making the numbers work. The ability to walk to Norwest Business Park and Norwest Metro Station is very appealing to renters. Rental demand continues to soar in Norwest due to supply constraints in this area, which is an attractive proposition for investors."

Lee said three key aspects helped secure owner-occupier sales; Veue’s unique design elements, quality finishes, and Sekisui House’s local and international reputation to deliver high-end luxury apartments.

"Upsizers and empty nesters looking to downsize and use the equity from their homes to move into a ‘lock-up’ and leave luxury apartment represented several apartment sales.”

"The splendid uninterrupted northerly views overlooking Castle Hill Country Club, Norwest Lakes to the south and the Blue Mountains to the west also captured buyer interest.”

Veue is one of six buildings in The Orchards, which vary in height from nine levels to 22 levels. Veue homes nearly half of all of the apartments in The Orchards.

Crone Architects has created Veue’s residential towers with a vertical green spine complemented by an open landscaped recreational central core, connecting residents to parklands that extend from the eastern part of the site all the way to the creek in the west.

“Veue’s design vision compliments The Orchards’ natural surrounds with residences maximising connection to the landscape and nature," Julian Venning, Crone Architects Principal said.

"The green of the gardens is drawn into the resident experience. A sense of wellness is promoted in the design within the wonderful natural environment. A place to return to from the fast pace of the city to a garden setting for which Baulkham Hills is renowned."

[smartcode_project:default project_id=140704 project_image_fid=217808]

Floor to ceiling glazing to capture panoramic views to nature, optional interior schemes including diverse materials and tonal finishes, oversized balconies on upper levels and EV charging within the resident car park are some of the meticulously designed features Veue purchasers can expect.

Prices start from $840,000 for the 76 sqm, two-bedroom apartments.

Veue will also home a wellness centre with gym and pool, which connects directly to the garden. Veue residents can entertain up to 100 guests within the adjacent communal function centre for parties and special occasions. A concierge service is also available to service the needs of all residents.

The masterplan, designed by Turner, is spread across five stages. When completed, the community will comprise 1,300 apartments.

The Orchards is located approximately 31 kilometres north-west of Sydney’s CBD and is nestled in Norwest. It is strategically positioned 800 metres from Norwest Metro Train Station and 600 metres from&nbsp; Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.

Construction is expected to start on Veue in 2024.

[smartcode_project_cta:default project_id=140704]

Veue, the fourth stage and the tallest tower in the precinct at 22 levels, saw more than $63 million worth of apartments snapped up, predominantly bought by locals.

Sekisui secure over 50 sales at The Orchards Norwest latest apartment release, Veue Central

July was a busy month for development applications across Sydney.

Well-known developers secured sign off to go ahead with a number of projects, while some were submitting applications and bolstering their development pipeline into 2024.

We've put together a list of development movements in the off the plan apartment space in July.

<h2>Central Element get sign off for Bianca Drummoyne</h2>

Central Element and joint venture partner Develotek are set to launch their luxury Drummoyne waterfront project Bianca Drummoyne, after receiving the green light form the Inner West Council.

Bianca Drummoyne will comprise just 12 three and four-bedroom apartments at 2C–2D Wolseley Street, an elevated position on the northern edge of Drummoyne's peninsula overlooking the water.

<a data-entity-type="file" data-entity-uuid="59d98b4d-479e-4185-96c9-aa5bc5b37d86" href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne"><img alt="Bianca Drummoyne" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.00.06%20pm.png?VersionId=IK.BW87Cg65ioPaOA56v4XFUB8GAndQl" /></a>

Apartments start from 120 sqm and get as large of 290 sqm. They have direct lift access from the carpark, where there's double garaging and storage rooms for each apartment. They will each feature an expansive outdoor entertaining area and an individual wine cellars.

Read more:&nbsp;<a href="/news/nsw/central-element-and-develotek-set-to-launch-bianca-drummoyne-apartments-following-council-sign-off">Central Element and Develotek set to launch Bianca Drummoyne apartments following council sign off</a>

<h2>Time &amp; Place seek Manly apartment development</h2>

Melbourne-based developer Time &amp; Place are continuing their push into Sydney, lodging plans for a boutique apartment development in Manly's General Conservation area, adjacent to Manly Oval.&nbsp;

Time &amp; Place, who are working through plans for the redevelopment of the well-known Chimes building in Potts Point, are seeking to develop a four-level building with 25 apartments,&nbsp;above a ground floor commercial level and two underground basement carpark levels.

<a data-entity-type="file" data-entity-uuid="50316fe9-2265-496d-9a18-2f4d4abe1c7a" href="/new-apartments/two-tides-manly-9-raglan-street-manly-nsw-2095"><img alt="Time &amp; Place - manly " data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-02%20at%205.49.06%20pm.png?VersionId=BgqxHbRB5Ap1gp0LaFxZ02WiO77EuHfO" /></a>

Time &amp; Place had the award-winning SJB design the Manly project, which will comprise 15 two-bedroom and 10 three-bedroom apartments.&nbsp;

Read more:&nbsp;<a href="/news/nsw/time-place-expand-sydney-footprint-plot-manly-apartment-development">Time &amp; Place expand Sydney footprint, plot Manly apartment development</a>

<h2>Podia reveals North Sydney apartment project</h2>

Prominent Sydney developer Podia has submitted plans for its next apartment project.

In a joint venture with CASA, Podia is seeking to developer 71 dwellings, a mix of apartments and townhouses, at 45 McLaren Street, North Sydney.

<img alt="Podia &amp; CASA's Walker St. North Sydney mixed-use tower" data-entity-type="file" data-entity-uuid="3b3af1a1-5c23-4755-9065-43990232e698" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.34.15%20pm.png?VersionId=n1R6f5NR3tLPTwi9ZPR.mzPZ_aPjlrPP" />

The $68.7 million project, opposite the recently topped out AURA by Aqualand, has been cleverly designed by Bates Smart and features a striking stepped form which has the building stagger up to it's 14th level, allowing for a number of large terraces on the upper floors.

Read more:&nbsp;<a href="/news/nsw/first-look-podia-and-casa-lodge-bates-smart-plans-for-walker-st-north-sydney-mixed-use-tower">First look: Podia and CASA lodge Bates Smart plans for Walker St, North Sydney mixed-use tower</a>

<h2>Made Property secure green light for Corsa Mortlake luxury waterfront apartments</h2>

The iCIRT-rated luxury builder developer Made Property has been given the green light to proceed with Corsa Mortlake, their absolute waterfront residential community on Sydney Harbour's Majors Bay.

Corsa Mortlake, on one of Mortlake Point's last remaining foreshore development sites and the last significant parcel of land at the end of Tennyson Road, will comprise just 20 three-bedroom residences and a private marina berth.

<img alt="Corsa's Mortlake apartments" data-entity-type="file" data-entity-uuid="3699e4d3-b937-49d0-a48d-72e669f75895" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.36.11%20pm.png?VersionId=11IaPDmezZzCur2FmxI8eV6RupZD7DOp" />

Drawing inspiration from the Italian Riviera, Corsa Mortlake offers the ultimate in waterfront luxury, privacy and exclusivity with only one or two home-sized apartments sharing the lobby.

Read more:&nbsp;<a href="/news/nsw/corsa-mortlake-luxury-apartments-approved">Corsa Mortlake luxury apartments approved</a>

<h2>Bridgestone file plans for Chatswood apartment development</h2>

Sydney developer Bridgestone has filed plans for a new $90 million apartment development in&nbsp;Chatswood.

They're proposing 95 apartments across two towers, linked by a green spine and retail and commercial podium, on a 2,687 sqm site at 44-52 Anderson Street.

<img alt="Bridgestone's two-tower Chatswood apartments" data-entity-type="file" data-entity-uuid="3da21ed2-7da1-4e77-9365-361d09c4ac2d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.38.06%20pm.png?VersionId=_m9hLNWODCRwAbH_ipb_L5eXWk47pYhT" />

The focus has been on a larger apartment configuration. There will be just six one-bed and 16 two-bed apartments across the 25-level buildings. Nearly three quarters of the building will be three-bedroom, duplex-style apartments, which occupy levels eight through to 21. From level 22 and up will be large sub penthouses and penthouses, the latter with private rooftop gardens.

Read more:&nbsp;<a href="/news/nsw/bridgestone-file-for-two-tower-chatswood-apartment-project">Bridgestone file for two-tower Chatswood apartment project</a>

<h2>New Hyde Park tower for Central Element gets sign off</h2>

Sydney developer Central Element has been given the green light by the&nbsp;City of Sydney&nbsp;for their Hyde Park development at 271 Elizabeth Street.&nbsp;

The mixed-use project, being developed in collaboration with equity partner MaxCap and the current landowner, will be designed by the renowned architects Murcutt&nbsp;Candalepas.

<img alt="Central Element's mixed-use Hyde Park tower" data-entity-type="file" data-entity-uuid="46809cd1-9b88-4b88-ba44-ccd10ecc0633" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.39.43%20pm.png?VersionId=lZ.u9lM95O9zNVkEkpWwTa1Luw95.JdW" />

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour. The project will also feature hospitality spaces and a range of amenities.

Read more:&nbsp;<a href="/news/nsw/central-element-get-sign-off-for-mixed-use-hyde-park-tower-in-sydney-cbd">Central Element get sign off for mixed-use Hyde Park tower in Sydney CBD</a>

<h2>Full-floor apartments set for Potts Point</h2>

Luxury developer Terra Ferma and joint venture partner Knox Group have teamed up on an apartment project in Potts Point.

They're seeking to convert a 20-studio apartment building on Oak Lane, the Woolloomooloo-side of Potts Point, into a five-level building with just five apartments.

The team spent nearly a year amalgamating 20 owners across two rundown buildings.

<img alt="Terra Ferma &amp; Knox Group's Potts Point apartments" data-entity-type="file" data-entity-uuid="4457dfb7-9087-4c9a-8d2e-37bda4ed0fa1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.41.07%20pm.png?VersionId=iLrT1E.mrTHyz93XE9odiuCZkqBFyJtC" />

The boutique nature of the offering, something which Potts Point and the nearby Elizabeth Bay isn't known for, particularly in the new and off the plan apartment space, means apartments are expected to sell for record prices.

Read more:&nbsp;<a href="/news/nsw/terra-ferma-and-knox-group-team-up-for-potts-point-apartment-project">Terra Ferma and Knox Group team up for Potts Point apartment project</a>

<h2>Gurner to push on with Barana Group's Baranagaroo luxury apartment towers</h2>

Tim Gurner's GURNERTM has secured a trophy site in Sydney's Barangaroo area, with a view to develop two towers of apartments.

The $800 million project at 189 Kent Street is the first seed site to have capital deployed within the developer’s $2 billion Build-to-Sell development fund, which is backed by a global institutional investor.

<img alt="Gurner's luxury Barangaroo towers" data-entity-type="file" data-entity-uuid="cd1b82d1-e881-4861-ab8d-fb386b7ead62" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.42.12%20pm.png?VersionId=QxIJRqmZjYlXCxHPZXkstu.7CxWbq9I0" />

The 1,195sqm site, which adjoins the Barangaroo precinct, currently houses a commercial office tower that was built in the 1960s, with current tenancies in place that GURNERTM will hold until completion of leases. The site has recently been granted planning approval for a residential development after a lengthy approval process by the site’s vendor Barana Group, who has held the asset since 2002.

Read more:&nbsp;<a href="/news/nsw/gurner-to-develop-luxury-barangaroo-apartment-towers">GURNER™ to develop luxury Barangaroo apartment towers</a>

<h2>Roche Group seek mixed-use Lilyfield development</h2>

The Roche Group is trying again for its prime Lilyfield site on the fringe of Rozelle opposite Callan Park.

The Double Bay-based developer has submitted plans for a mixed-use development on their large 6,824 sqm site at 469-483 Balmain Road. They're seeking to build 89 apartments, 6,000 sqm of flexible employment space, and 1,200 sqm reserved for creative purposes.

<img alt="Roche submit plans for Lilyfield mixed-use development " data-entity-type="file" data-entity-uuid="596471ee-e9d5-4f90-b699-3ff41271e6ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-04%20at%203.45.41%20pm.png?VersionId=hu_1_Qz2YcjSlrIGE9WFCi2Qo7eOWUAK" />

Five percent of the apartments will be reserved for affordable housing.

Read more:&nbsp;<a href="/news/nsw/roche-group-submit-plans-for-impressive-lilyfield-mixed-use-development">Roche Group submit plans for impressive Lilyfield mixed-use development</a> 
&nbsp;

Well-known developers secured sign off to go ahead with a number of projects, while some were submitting applications and bolstering their development pipeline into 2024

Sydney's July development application wrap: What's coming to Sydney's off the plan apartment development market

Sydney's unit market continued to see growth over July, however at a slightly slower pace than recorded in the two months prior.

Property data analytics firm CoreLogic's Monthly Hedonic Home Value Index found the value of <a href="/developments/sydney-nsw">Sydney units</a> grew 0.7 per cent in July, a tad softer than the 1.2 per cent gains in June and the 1.8 per cent in May.

<a href="/developments/sydney-nsw">Sydney</a> unit values are now 4.2 per cent up year to date and just&nbsp;-1.4 per cent down compared to this time last year.

Nationally it was a fifth consecutive month of housing value recovery, however the rate of growth has lost momentum over the past two months.

CoreLogic Research Director, Tim Lawless, noted the most substantial reduction in growth has occurred in <a href="/developments/sydney-nsw">Sydney</a>.

“After leading the upswing, the monthly pace of growth in Sydney housing values has halved from a recent high of 1.8 per cent in May to 0.9 per cent in July," Lawless said about both houses and units.

He said the significant rise in fresh listings has also proven to be a contributor. They're up nearly 10 per cent compared to this time last year, and 18 per cent above the previous five-year average.

"An increased flow of new listings provides more choice and may be working to reduce some of the urgency felt among prospective buyers,” Lawless said.

<h2>What's happening in the Sydney off the plan apartment market?</h2>

While the supply of fresh listings is improving across the <a href="/developments/sydney-nsw">Sydney</a> property market, it's not the case in the off the plan property space, where there's been little to no new projects launch in the last month or so.

Top Spring Australia has seen records smashed at Ode <a href="/developments/double-bay-nsw-2028">Double Bay</a>,&nbsp;with the penthouse and sub-penthouse both breaking the previous $16 million record in the affluent suburb.

Sydney Ma, Managing Director at Top Spring Australia, says&nbsp;Sydney remains one of the country’s strongest and most consistent performers.

"Within inner city areas like the Lower North Shore and Eastern Suburbs, the product-driven demand for high quality properties with a truly unique lifestyle hasn’t wavered."

They've seen success at <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a>, their park front <a href="/developments/st-leonards-nsw-2065">St Leonards masterplan</a>, with a number of purchasers coming from the North Shore and Lower North Shore.

[smartcode_project:default project_id=24509 project_image_fid=203619]

"These sites, so close to the <a href="/developments/sydney-nsw">Sydney CBD</a> and bordered by absolute park front on three sides, are incredibly rare and in an area where glass towers dominate," Ma said.

"In our experience, purchasers are expecting more luxury finishes and timeless architecture with opportunity for investment upside. The access to lifestyle and culture opportunities in these prime locations is key and our response at <a href="/new-apartments/the-newlands-st-leonards-21-41-canberra-avenue-st-leonards">The Newlands</a> is human-centric design in a resort-style setting that sets a new lifestyle benchmark."

David Lee, who is handling sales at <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">Sekisui's The Orchards</a> masterplan in <a href="/new-apartments/norwest-nsw-2153">Norwest</a>, said he's seen&nbsp;a surge of investor activity, despite the significant interest rate moves over the last 15 months.

"This cohort of purchasers recognize the benefits of buying in a <a href="/new-apartments/norwest-nsw-2153">well-located area such as Norwest, a north-west growth suburb</a>. It is all about location for them and making the numbers work.

[smartcode_project:default project_id=140704 project_image_fid=217809]

"The ability to walk to <a href="/new-apartments/norwest-nsw-2153">Norwest</a> Business Park and <a href="/new-apartments/norwest-nsw-2153">Norwest</a> Metro Station is very appealing to renters. Rental demand continues to soar in Norwest due to supply constraints in this area which is an attractive proposition for investors."

Lee says owner occupiers have been focused on three key aspects before buying off the plan; design elements, quality of finishes, and track record of developers.

[smartcode_project:default project_id=140704 project_image_fid=217810]

"An amplified interest in developer track record is driven by an increase in construction companies heading into administration," Lee says.

He says the larger apartments across <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">The Orchards</a> have been favoured by upsizers and downsizers using the equity from their home to move into a lock up and leave apartment. The larger units have also been popular with those who are more often than not working from home.&nbsp;

"Demand continues to outstrip supply," Lee says.

Sekisui has just launched <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">Veue Central</a>, the latest stage at the $1 billion The Orchards masterplan.

Read more: <a href="/news/nsw/sekisui-reveal-veue-central-the-next-stage-of-their-1-billion-norwest-masterplan-the-orchards">Sekisui reveal Veue Central, the next stage of their $1 billion Norwest masterplan, The Orchards</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-july-2023-sydney-growth-continues-as-first-home-buyers-get-new-stamp-duty-concessions">City Beat July 2023: Sydney growth continues as first home buyers get new stamp duty concessions</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2023-sydney-secures-off-the-plan-sales-success-at-affordable-and-luxury-ends-of-the-market">City Beat June 2023: Sydney secures off the plan sales success at affordable and luxury ends of the market</a>

Sydney unit values are now 4.2 per cent up year to date and just -1.4 per cent down compared to this time last year

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