<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

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.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

Joel Robinson

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

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer Big Projects brought in the renowned Sydney-based design studio YSG to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for Big Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of Big Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Architecture, with landscape design by LDG.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its design flair/ appeal,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. Big Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Big Projects taps Sydney’s YSG for first multi-residential project at The Frederick Mermaid Beach

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

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

[smartcode_project_cta:default project_id=150128]

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

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

First look: NewQuest Property proposes new St Ives apartment development

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>

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?

New buyers at Toorak Park, the regarded apartment development on the fringe of Toorak and Armadale by the ASX-listed developer Lendlease, have the chance to take advantage of a $25,000 rebate for a limited time.

Located just 8 km from Melbourne's CBD and adjacent to Toorak Station, <a href="/buildings/toorak-park-armadale-590-evergreen-mews-armadale">Toorak Park</a> spans 2.5 hectares and includes a mix of residential buildings designed in collaboration with <a href="/architects/denton-corker-marshall">Denton Corker Marshall</a>, <a href="/interior-designers/carr-interiors">Carr Design Group</a>, and <a href="/architects/koichi-takada-architects">Koichi Takada Architects</a>.

The extensive landscaping, designed by <a href="/landscape-architect/tract-landscape-architects">Tract</a>, adds to the appeal, with open spaces making up a third of the site, including a bluestone plaza, communal gardens, and leafy boulevards.

[smartcode_project:default project_id=377 project_image_fid=211689]

The availability of these completed apartments presents a unique opportunity in a market where new developments in Toorak are scarce, especially at more accessible price points.&nbsp;

Toorak Park features a selection of one to four-bedroom apartments starting from $780,000.

While Toorak has historically been dominated by family homes, with more than 60 per cent of households consisting of families, Toorak Park introduces modern, affordable options for those who have struggled to buy into the local market.

[smartcode_project:default project_id=377 project_image_fid=211685]

The apartments feature reconstituted stone and timber, European appliances, and generous balconies extending the living spaces outdoors.&nbsp;

The inclusion of car parks for every one-bedroom apartment is a rarity in the area and further enhances the development’s attractiveness for those looking for both convenience and long-term value.

[smartcode_project:default project_id=377 project_image_fid=211688]

Toorak Park offers an array of exclusive amenities including a fitness centre and an indoor swimming pool.

The architectural vision behind the development was to create a "village within a village," connecting the nearby Beatty Avenue shops and Orrong Road with newly opened access to the Toorak railway station.&nbsp;

The result is a highly connected, community-focused environment that blends seamlessly with the established character of Armadale.

[smartcode_project_cta:default project_id=377]

While Toorak has historically been dominated by family homes, with more than 60 per cent of households consisting of families, Toorak Park introduces modern, affordable options for those who have struggled to buy into the local market.

$25k rebates for apartment buyers at Toorak Park

DCF Property Group has appointed Valeo Construction Group as the builder for its New Johnston apartment development in Abbotsford.&nbsp;

<a href="/new-apartments/new-johnston-abbotsford-400-johnston-street-abbotsford-vic-3067">New Johnston</a> marks the first apartment development launched in <a href="/developments/abbotsford-vic-3067">Abbotsford</a> in four years.

The development, situated at 398-400 Johnston Street near Victoria Park Station and Victoria Park, comprises 46 one, two, and three-bedroom apartments across nine levels. New Johnston will also include ground-level retail spaces.

[smartcode_project:default project_id=110322 project_image_fid=259888]

New Johnston's streetscape reflects Abbotsford's industrial heritage through the use of concrete, red brickwork, metal detailing, and balustrading.

"New Johnston is contextual to its physical surroundings - the trees, the parks as well as the area's renowned architectural heritage," Calvin Huang, CEO of <a href="/developers/dcf-property">DCF Property Group</a>, said.

The northern façade, with its depth and stepped design, provides natural light to the interiors and offers sweeping views of Victoria Park.

[smartcode_project:default project_id=110322 project_image_fid=259890]

Andrew Zunica, Principal of Zunica Design, said the intention for New Johnson was to create a connected series of tranquil spaces through the repeated use of natural materials.

"Warm timbers envelop the apartments, stone wraps into service areas, and brass details punctuate in delicate proportions," Zunica said.

"The connection to exterior views and natural light is ever present, creating a sense of constant calm and refuge throughout the day."

Returning home to New Johnston, the cascading greenery and avenue of mature trees adorning a covered laneway separates the hospitality, office, and retail spaces on the lower levels from the residential apartments above. This walkway also guides residents to the basement car parking, bicycle parks, and a central courtyard garden.

[smartcode_project:default project_id=110322 project_image_fid=259900]

The 46 apartments will feature open floor plans, private balconies, and dual-aspect views, with interiors showcasing high-quality fixtures, warm natural timbers, concrete, and modern finishes.

At the heart of each apartment lies a kitchen boasting white terrazzo-style stone benchtops, engineered timber floorboards, and stone and mirror finishes, complete with premium Westinghouse appliances and innovative storage solutions.

[smartcode_project:default project_id=110322 project_image_fid=259898]

With a WalkScore of 90, New Johnston's location offers residents easy access to a range of amenities, including the Yarra River, Victoria Park, and prestigious schools.

<a href="/builders/valeo-construction">Valeo Construction Group</a>&nbsp;is forecasting New Johnston will be complete in late 2025. Jellis Craig Projects Director Stephen Bowtell is marketing New Johnston.

[smartcode_project_cta:default project_id=110322]

Valeo Construction Group is forecasting New Johnston will be complete in late 2025

mikah.m@urban.com.au

Valeo Construction to build New Johnston, Abbotsford new apartments

For decades, the Hills District has been known for its quiet, suburban, community-driven atmosphere, where residents often choose to settle down and stay for the long haul.

Traditionally, the housing landscape in key suburbs like Castle Hill, Kellyville, Dural, and Rouse Hill has been characterized by acreages and large family homes. Even the smallest properties in the area typically sit on blocks of over 600 sqm, which is about double the size of homes in Sydney's inner ring.

Data from the 2021 census shows that over 92 percent of homes in the Hills District are separate houses, while just 0.7 percent are apartments. However, that gap is expected to shift significantly in the next census, as the Hills District is currently undergoing a substantial transformation. This change has been sparked by the development of the $1 billion Hills Showground Precinct and the recent opening of a Metro Station that connects the area to the city.

As a result, a wave of new apartments is being introduced, catering to two demographics that previously hadn't really been in the market: first home buyers and downsizers.

With no apartments available and the typical need to work in the city, first home buyers often looked closer to the CBD. However, with the opportunity to be connected to the city by the Metro in just 33 minutes and more affordable properties being delivered, first home buyers are seizing their chance.

Also taking advantage of this opportunity are downsizers, who previously lacked options for truly low-maintenance, lock-up-and-leave living.

Among the developments launched in the last few years in Castle Hill, the first apartments to sell were the larger, premium units. Developer CPDM designed its new Castle Hill development, <a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a> specifically to suit the downsizer and owner-occupier market.

They focused on creating a series of low-rise buildings, which are uncommon in new developments. The five buildings are arranged around a central landscaped courtyard, designed to flood the apartments with natural light and bring nature indoors.

[smartcode_project:default project_id=135330 project_image_fid=289164]

CPDM has created two different dwelling types for downsizers: the sky homes, which are top-floor apartments with large floor plans, and three-level townhouses.

The sky homes were designed to harmonize with the natural beauty of Castle Hill. Extensive glazing allows for abundant natural light, while the large balconies are enveloped in landscaping. Designed for downsizers, these apartments include internal lifts.

[smartcode_project:default project_id=135330 project_image_fid=308975]

Some sky homes also feature rooftop terraces, which can include a spa as an added amenity.

The four-bedroom townhouses, also featuring a lift, offer landscaped courtyards with an alfresco area, a built-in bar in the open-plan kitchen and living space, and a master suite with a private balcony.

The townhouses start from just under $3 million.

[smartcode_project:default project_id=135330 project_image_fid=308976]

CoreLogic data shows that 231 houses have sold for over $3 million in the Hills Shire in 2023, with 76 of those selling for over $4 million. Already in 2024, there have been 234 house sales over $3 million, with several months left in the selling season; 74 of these have been over $4 million.

Each apartment in Larool Crescent features interiors by <a href="/interior-designers/coco-republic-interior-design">Coco Republic</a>, and buyers benefit from the building being insured by extended <a href="/news/resilience-latent-defects-insurance">Latent Defects Insurance</a> from Resilience Insurance. This insurance covers buyers in the event of any structural defects in the building for the first 10 years post-completion.

SRG Builders has been appointed to deliver Larool Crescent, which is slated for completion in late 2026.

&nbsp;

[smartcode_project_cta:default project_id=135330]

CPDM has created two different dwelling types at Larool Crescent for downsizers: the sky homes, which are top-floor apartments with large floor plans, and three-level townhouses.

Why now is the best opportunity to downsize in Castle Hill for decades

The largest mixed-use urban development Perth has ever seen is underway in Burswood, with developer Golden Sedayu recently launching their 10-year masterplan, Burswood Point.

<a href="/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a> will see the 38-hectares around the Belmont Racecourse redeveloped to home 4,500 new dwellings, including apartments and riverfront homes, as well as a full retail and commercial precinct with restaurants,&nbsp;markets, riverside parks, shopping centers, and luxury hotels.

With everything going on at Burswood Point, I caught up with&nbsp;<a href="/developers/golden-sedayu">Golden Sedayu</a>&nbsp;Sales Director, David Dragun, to talk in-depth about Burswood Point and the vision.

<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/ut3cdwqCs5o?si=gTluowsdL1CuoI_j" title="YouTube video player" width="560"></iframe>

Dragun said that the team has worked closely with the local council and government to bring this huge project to life. With the country in a bit of a housing crunch, having a development this big is a huge plus for Perth.

The first stage, Somerset West, has already seen strong interest on the 95 one, two, three and four-bedroom apartments released.

[smartcode_project:default project_id=142314 project_image_fid=228355]

The three-level green title homes include luxury features such as elevators, making them particularly appealing to downsizers seeking long-term living solutions.

Residents will also have access to a range of amenities, including a 25-meter lap infinity pool, gym, sauna, and residents' dining areas.&nbsp;

The project’s scale helps keep strata fees manageable, ensuring affordability while offering high-end facilities. Additionally, the development will feature a mix of retail and commercial spaces, including a café and grocery.

[smartcode_project:default project_id=142314 project_image_fid=263304]

Dragun emphasised the project's appeal to both local and international buyers, with interest coming from across Australia, particularly from the East Coast.&nbsp;

The proximity to key entertainment hubs, the airport, universities, and the city makes Burswood Point a prime location for those seeking a balanced lifestyle.

Perth continues to lead the market in capital growth and projects like Burswood Point are expected to see substantial value increases over time.&nbsp;

[smartcode_project_cta:default project_id=142314]

The first stage, Somerset West, has already seen strong interest on the 95 one, two, three and four-bedroom apartments released

Michael Bird

An insight into Burswood Point, Perth's biggest ever housing project: Five minutes with David Dragun from Golden Sedayu

Brisbane’s Indooroopilly and the Gold Coast’s Coolangatta have appeared in the top 10 list for unit sales across Queensland for the very first time, according to research from InfoTrack.

Indooroopilly, in Brisbane’s western suburbs, has appeared for the first time, coming in at number eight for unit sales, while Coolangatta debuted in ninth.

InfoTrack’s Head of Property, Australia, Lee Bailie, said the established area is just eight kilometres from the Brisbane CBD and offers great buyer appeal. &nbsp;

“Indooroopilly has seen a jump in medium-density apartments in recent years as buyers flock to this convenient location or downsize from the many large houses in the area,” Bailie said. &nbsp;

“It’s also home to the largest shopping centre in Brisbane’s western suburbs, Indooroopilly Shopping &nbsp;Centre, which offers access to a great array of retail stores, cafes, restaurants, and cinemas.”&nbsp;

[smartcode_project:default project_id=94824 project_image_fid=209992]

Also to make the top 10 list for unit sales for the first time was the Gold Coast suburb of <a href="/developments/coolangatta-qld-4225">Coolangatta</a>. After last appearing in the top 10 list a year ago (in Q3 2023), <a href="/developments/broadbeach-qld-4218">Broadbeach</a> made its first appearance for 2024, at number 10 in Q3.&nbsp;

The result confirms the strong attraction of the Gold Coast, with <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> number one on the list for unit sales once again, a position it’s held for more than two years. &nbsp;

Also to rank highly for unit sales was Brisbane City in second place, followed by Maroochydore in third, with the booming Sunshine Coast suburb up from sixth place last quarter.&nbsp;

[smartcode_project:default project_id=100708 project_image_fid=291148]

InfoTrack’s report showed for house sales, the Gold Coast suburb of Pimpama topped the list, coming in at number one for the very first time. &nbsp;

“Pimpama has been steadily growing in popularity over the past 12 months and is up from fourth spot last quarter, to now be sitting in top spot,” Bailie said. &nbsp;

“Its equal distance to the heart of the Gold Coast and the Brisbane CBD makes it a very attractive &nbsp;commuter suburb, and a new train station is also under construction, boosting accessibility.”&nbsp;

Nearby Upper Coomera came in at number seven on the list.

The InfoTrack figures show houses have retained their position as the most popular property type in Queensland with a share of just over 60 per cent. Strata units had a 27.43 per cent share.&nbsp;

Indooroopilly and Coolangatta grow in popularity as sales surge

Following news of Victoria abolishing stamp duty for 12 months,&nbsp;Federal Housing Minister Clare O’Neil has suggested the time is right to phase out stamp duty all together.

Speaking to ABC RN, Minister O’Neil expressed the Albanese Government’s support for greenfield development and infill of higher-density suburbs, as well as backing calls for stamp duty - a “bad tax”, to be phased out.

Real Estate Institute of Queensland (REIQ) CEO, Antonia Mercorella, said this publicly stated position opened the door for the State Government to work with the Federal Government to phase out Queensland’s outdated stamp duty regime to encourage a higher rate of home ownership.

“Stamp duty presents a considerable barrier to those wanting to buy their first home, and to retirees seeking to downsize their family home,” Mercorella said.

“It also hinders job mobility which affects the productivity of the entire economy, as well as impacting significant life decisions such as starting a family and moving homes."

[smartcode_project:default project_id=108747 project_image_fid=284864]

Mercorella says phasing out stamp duty has the potential to drive a significant trend in ‘rightsizing’ to appropriately sized and located homes, substantially increasing the supply of housing into the market.

“Now is the time for the State Government to start that conversation and begin to negotiate a better GST outcome and incentive fund with the Federal Government in return for stamp duty reform.

“It is a long-standing policy direction of the REIQ to see a phased transition to a land tax-based model starting with first home buyers, as well as abolishment of stamp duty for downsizers aged over 55 moving to a home with fewer bedrooms.

“We appreciate that stamp duty is worth nearly $30bn over the forwards on the Queensland State Budget and that’s why a phased-out approach is best to avoid placing additional pressure on the state’s finances.”

The Allan Government in Victoria has just announced it is&nbsp;<a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">removing stamp duty in full for off the plan buyers for 12 months</a>.

Mercorella says phasing out stamp duty has the potential to drive a significant trend in ‘rightsizing’ to appropriately sized and located homes, substantially increasing the supply of housing into the market

VIC abolishes stamp duty for off the plan apartments - could QLD be next?

The Allan Labor Government will deliver more homes for young people, families and downsizers around 50 train stations and tram stops in Melbourne’s inner suburbs.

In an expansion of the Government’s Activity Centre program, Premier Jacinta Allan and Minister for Planning Sonya Kilkenny visited Middle Brighton Station today to announce the station will form the heart of one of 50 new ‘train and tram zone’ Activity Centres to help deliver more than 300,000 additional homes across Melbourne by 2051.

The new ‘train and tram zones’ encourage more homes around high-frequency train lines – with the first 25 announced today focusing on stations that benefit from the Metro Tunnel and the well-serviced Frankston, Sandringham, Belgrave/Lilydale and Glen Waverley Lines.

Premier Jacinta Allan&nbsp;said building more homes around 50 inner-suburban train stations means young people have more opportunity to rent or buy a place that’s directly connected to public transport.

“I know it won’t fix everything, but it will deliver more homes and new life to inner suburbs that are full of jobs, transport and services – where young buyers and renters are currently locked out.”

[smartcode_project:default project_id=12457 project_image_fid=217233]

Melbourne’s train network has completely transformed over the last 10 years, with more services, more than 50 new or upgraded stations, 84 level crossings gone for good, more to go – and the Metro Tunnel on its way next year.

<ul>
	<li>Seven centres connected to the new Metro Tunnel will enjoy a service boost on new trains – Carnegie, Hughesdale, Murrumbeena, Oakleigh, Middle Footscray, West Footscray and Tottenham Stations. 
	&nbsp;</li>
	<li>Six centres along the Belgrave/Lilydale Line (and the existing Camberwell and Ringwood activity centres) benefit from 5-minute peak services: Hawthorn, Glenferrie, Auburn, Blackburn, Nunawading and Mitcham Stations. 
	&nbsp;</li>
	<li>On the Frankston Line, four centres are located at Toorak, Hawksburn, Armadale and Malvern Stations. All level crossings on this line will go, and trains will return to the City Loop when the Metro Tunnel opens. 
	&nbsp;</li>
	<li>On the Sandringham Line, where eight trains per hour run during peak times, four centres are located at North Brighton, Middle Brighton, Hampton and Sandringham Stations. 
	&nbsp;</li>
	<li>On the Glen Waverley line, where nine trains per hour run during peak times, centres are located at Tooronga Station, Darling Station, plus a combined centre covering both Gardiner and Glen Iris Stations. 
	&nbsp;</li>
	<li>One centre, Toorak Village, is a built-up area along the Route 58 tram. This centre plus Middle Footscray are classified as smaller ‘neighbourhood activity centres’ to plan for more modest growth.</li>
</ul>

The locations for the remaining 25 of 50 ‘train and tram zone’ Activity Centres will be announced in late 2024 with the release of Plan For Victoria – a comprehensive plan to support the future of every community in the state.

[smartcode_project:default project_id=112375 project_image_fid=250357]

All but one of the first 25 of 50 centres are based directly on train stations and all are serviced by trains, following community feedback on the 10 draft Activity Centre Plans emphasising the importance of transport connections.

The 25 centres will be delivered in two tranches over the next 12 months, with timelines to be communicated clearly. The process for all 50 new centres is likely to be complete by 2026.

The 50 new centres add to the 10 initial Activity Centres in Broadmeadows, Camberwell, Chadstone, Epping, Frankston, Moorabbin, Niddrie, North Essendon, Preston and Ringwood – but the plans won’t be the same, because every community is different.

"Activity Centre planning is about building more opportunities and better communities by setting clear expectations for long-term growth, giving the community a say early, and streamlining planning to unblock home building," the VIC Government stated.

"Overall, the vision for train and tram zones is for taller buildings in the immediate ‘core’ at the station, with gentler, scaled height limits and more low-rise apartments and townhouses alongside existing houses in the walkable catchments surrounding."

&nbsp;

The Activity Centre Pilot Program was announced in Victoria’s Housing Statement. Alongside delivering 13,300 new social and affordable homes, and Australia’s largest housing project – the Suburban Rail Loop and its six housing precincts.

Minister for Planning, Sonya Kilkenny, said the program is planning for Melbourne's future.

“This isn’t about overnight change – this is about incremental change that sets Victoria up for the next generation, so we can have more opportunities for young people and better communities for everyone," Kilkenny said.

“Many of these communities have never had a formal plan for their future before, and this process will enhance what’s special about these suburbs while delivering more homes near transport, shops, schools, services and parks.”

The Allan Government has also just announced it is <a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">removing stamp duty in full for off the plan buyers for 12 months</a>.

50 new ‘train and tram zone’ activity centres to encourage new apartment development across Melbourne

Gold Coast builder developer <a href="/builders/alroe-constructions">Alroe</a> has announced the official launch of its boutique apartment development The Finn, situated in the coveted Mermaid Beach enclave.&nbsp;

The $31 million The Finn follows the highly successful debut of <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune</a>, another of Alroe’s premier projects, which has quickly attracted significant interest due to its distinctive appeal and high demand in <a href="/developments/main-beach-qld-4217">Main Beach</a>.

Alroe is leveraging a critical market opportunity by delivering ultra-luxury boutique residences along the Gold Coast, a niche market that is currently dramatically undersupplied.&nbsp;

This focused approach presents a distinct alternative to larger high-rise developments, which have faced increasing hurdles in reaching fruition, Alroe CEO Tye Aloe says.&nbsp;

<img alt="The Finn" data-entity-type="file" data-entity-uuid="e5144fa1-b93a-4000-84ee-d9cc478cd45d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-23%20at%208.39.32%E2%80%AFAM.png?VersionId=jcpcOTgVwPePGZYiPM9rFw.096TCIkNj" />

“We’re proud to publicly release the remaining apartments of The Finn, a testament to our commitment to delivering premium boutique residences that cater to a niche market,” Alroe said.

“Our initial success highlights a strong demand for luxury downsizing options in prime locations like Mermaid Beach and affirms the exceptional quality of our offerings.&nbsp;

“We have tapped into a significant market for luxury downsizers who don’t necessarily want to move into large high-rise projects but want to relocate from homes into luxury, well-appointed residences in central locations like Main Beach and Mermaid Beach.”&nbsp;

<img alt="Alroe" data-entity-type="file" data-entity-uuid="1acdfb61-d750-45d5-9faa-17e2a150b55b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-23%20at%208.39.42%E2%80%AFAM.png?VersionId=EcEWZ.PCacmg9ediYpPIAamk4ks8Ze9t" />

The Finn features eight luxury villas with a range of floor plans from 220 sqm to 390 sqm, with each villa offering three bedrooms, 3.5 bathrooms, and a dedicated home office space.&nbsp;

These layouts are designed to cater to contemporary lifestyles with a focus on both functionality and elegance.&nbsp;

The design of The Finn emphasises a deep connection to its coastal setting. The use Venetian render and travertine stone not only reflects the natural beauty of Mermaid Beach but also a timeless quality to the residences.&nbsp;

Each villa features private pools and courtyards, while the two penthouses offer exclusive rooftop terraces with pools and spas.

Prices start at $3,465,000.

“Following the success of our initial launch, we are confident that The Finn will continue to meet the market’s demand for outstanding residential offerings,” Alroe added.&nbsp;

“This strategic release aligns with our goal to offer sophisticated residential solutions, setting us apart from larger high-rise developments that face increasing challenges.”

The Finn features eight luxury villas with a range of floor plans from 220 sqm to 390 sqm, with each villa offering three bedrooms, 3.5 bathrooms, and a dedicated home office space

Alroe announces final release of $31 million luxury development, The Finn at Mermaid Beach

In a significant policy move aimed at stimulating the property market, the Victorian government has announced a major reduction in stamp duty for off-the-plan apartments, units, and townhouses.

Effective from October 21, 2024, the expanded concessions will apply to all eligible off-the-plan purchases and will remain in place for one year.

This initiative, designed to address the state’s housing affordability crisis, opens a window of opportunity for prospective buyers, particularly investors and owner-occupiers, to secure substantial stamp duty savings.

Key Changes to Stamp Duty Concessions

Previously, stamp duty on off-the-plan purchases was calculated based on the total price of the property, including the construction value. Under the new scheme, stamp duty will be calculated solely on the land value before construction begins. This shift in policy significantly reduces the financial burden for buyers, particularly in metropolitan areas where property prices continue to rise.

For example, a Victorian purchasing an off-the-plan apartment valued at $620,000, with the land component valued at $77,500, will now pay just $4,000 in stamp duty—down from $32,000. This $28,000 saving represents a significant reduction in upfront costs for property buyers, potentially unlocking the market for a wider demographic.

The changes also eliminate the previous cap on concessions, expanding eligibility beyond first-home buyers to include any purchaser of off-the-plan apartments, units, or townhouses within a strata subdivision.

<a data-entity-type="file" data-entity-uuid="69bb2163-758b-4133-85ae-a669cf3061bb" href="/developments/melbourne-vic"><img alt="Search New &amp; Off-the-Plan Property across Victoria" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-21%20at%208.49.26%20am.png?VersionId=tO1ATB0FSWLbOgFkHuqwpy6iUKclkflP" /></a>

Who Benefits from the Scheme

The new stamp duty concessions are aimed at boosting sales in Victoria’s off-the-plan sector, which has been slowing due to high taxes and market uncertainty. The scheme covers properties that are part of a strata subdivision. However, it excludes house and land packages or dwellings not part of a strata subdivision.

Existing concessions for first home buyers remain unchanged. Homes valued up to $600,000 will continue to benefit from full stamp duty exemptions, and concessions apply to properties valued up to $750,000.

A Limited-Time Opportunity for Buyers

The stamp duty concession is a time-sensitive initiative, with the expanded benefits available only until October 21, 2025. Buyers who are considering entering the market are urged to act promptly to take advantage of the scheme, as the concession will revert to its previous structure after this period.

For developments currently under construction, buyers are also eligible for reduced stamp duty, although the exact savings will depend on how much of the construction has been completed at the time of purchase.

Impact on the Market

The Victorian property industry has long advocated for a reduction in stamp duty, arguing that the high upfront cost has acted as a deterrent for both buyers and developers. By lowering these barriers, the government aims to revitalise the market, particularly in Melbourne, where apartment supply has struggled to keep pace with demand.

The concessions are expected to have a positive ripple effect on the rental market as well, as more off-the-plan properties come online. Developers will benefit from increased pre-sale success, helping them to meet financing requirements and commence construction sooner.

What Buyers Need to Know

For those interested in purchasing an off-the-plan property, the expanded stamp duty concessions represent a rare financial advantage. The Victorian government's removal of the concession cap makes this offer more widely available than previous schemes, opening the door for both investors and owner-occupiers to secure valuable savings.

Apartments.com.au will continue to provide updates on off-the-plan developments and related policy changes. Buyers interested in learning more about the stamp duty reduction can explore our latest listings or contact us for further insights into how this change could benefit them.

Summary of Eligibility:

<ul>
	<li>Applies to off-the-plan apartments, units, and townhouses within a strata subdivision.</li>
	<li>Stamp duty calculated based on land value, not total property price.</li>
	<li>Available for one year, ending October 21, 2025.</li>
	<li>No cap on eligibility; open to all buyers, not just first-home purchasers.</li>
	<li>With the Victorian government’s stamp duty concession, now is an ideal time for property buyers to enter the market while this limited offer remains available.</li>
</ul>

Victorian government's stamp duty cuts on off-the-plan apartments, units, and townhouses offer significant savings for property buyers. Learn more about eligibility, how to benefit, and why now is the prime time to buy with these expanded concessions.

VIC Government slashes stamp duty for off-the-plan property buyers - savings available immediately, Oct 2024

Those who live in the well-connected North Sydney neighbourhood don't really need a car.

Now with the added convenience of the Victoria Metro Station, as well as a rejuvenation of the local hospitality scene, driving around the suburb isn't part of anyone's daily routine.

Developer Aqualand has however curated a car-driven perk for its residents at the recently completed&nbsp;<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>.

They've teamed up with shared EV provider Outbound, in conjunction with converged infrastructure services provider SUPA, to provide ‘on demand’ Teslas for residents in the 28-level, Woods Bagot-designed building.

The Tesla vehicle pool means residents don’t need to own a car.

The service is facilitated through the Outbound App, with residents able to book and even open the Teslas from their phones for just $20 per hour, or a flat rate of $120 per day.

Initially, three Model 3’s will be available, but that number could be ramped up depending on demand.

[smartcode_project:default project_id=30959 project_image_fid=292863]

Outbound CEO Luke Rust said it's the residents who win from this sort of inclusion.

“North Sydney is very much steeped in history, so it’s a real coming together of the old and new worlds with this futuristic service," Rust says.

“Imagine that, watching a game of cricket or rugby being played on North Sydney Oval from your apartment, and then jumping in an ‘on demand’ Tesla to head over the bridge for dinner.

He says convenience is a big selling point, but so is cost.

"The average car in Sydney now costs something like $25,000 per year to own and operate, compared to renting an Outbound Tesla, which might only set you back a few thousand dollars. Plus, they’re luxury EVs, so what’s not to love?”

a[smartcode_project:default project_id=30959 project_image_fid=292888]

SUPA’s Chief Strategy Officer, James Dunstan, says it was an easy decision to offer the shared Teslas in AURA as SUPA has a clear sustainable electric mobility strategy and is delivering on it.

“Lifestyle doesn’t stop and start at the front door,” he says.

“AURA is one of the most state-of-the-art buildings in Sydney, so it seems obvious to extend that to how residents move around. If they do take one of the Teslas for a spin, all they have to do is plug it back into our onsite charging stations.”

[smartcode_project:default project_id=30959 project_image_fid=292900]

Residents of AURA are welcomed to the precinct by a&nbsp;four-metre cast iron sculpture, titled ‘Landscape’ by London-based artist, Richard Sweeney. Downstairs, the new retail and dining precinct includes three world-class restaurants and a bar.

Aqualand, the first completed development in North Sydney in years, comprises&nbsp;386 luxury apartments a stone's throw from the newly opened Victoria Cross Metro Station.

&nbsp;

[smartcode_project_cta:default project_id=30959]

Outbound CEO Luke Rust said it's the residents who win from this sort of inclusion

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