<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 Studio to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG Studio'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 Studio, with landscape design by LDG Landscape Architecture.

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 unique detailing and compelling design,"&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?

Brisbane’s booming unit market is going to narrowly miss out on recording 20 per cent gains over the calendar year.

However, the growth in value of units so far in 2024 is the best the Queensland capital has seen since 1988.

The value of units, which incorporates both apartments and townhouses, rose again in September, by 1.2 per cent, according to property data analytics firm CoreLogic.

Unit values in <a href="/developments/brisbane-qld">Brisbane</a> are now up 14.8 per cent over 2024, reaching a new median value of $661,000. The returns are the second best in the country, only behind Perth, which has already seen over 20 per cent gains.

<h2>What happened in Brisbane’s off the plan apartment market in September</h2>

It was more supply woes in Brisbane, with just the one notable launch of apartments across the region, albeit the planning pipeline is getting more and more robust.

That came from Windsor where local developer <a href="/developers/carbone-developments">Carbone Developments</a> revealed <a href="/new-apartments/amado-windsor-38-grantson-street-windsor">Amado</a>, the developer's fifth apartment development in the area.&nbsp;

[smartcode_project:default project_id=139074 project_image_fid=287525]

Set across six levels, Amado offers just 30 large-scale apartments targeting owner-occupiers, with a mix of two and three-bedroom layouts, alongside two penthouses that will provide panoramic views of Brisbane’s skyline.&nbsp;

Carbone Developments, known for its deep connection to Windsor, has integrated the restoration of a pre-1911 heritage-listed home into the project. Construction completion is expected in mid-2026.

Read more: <a href="/news/qld/first-look-carbone-unveil-latest-windsor-apartment-development-amado">First look: Carbone unveil latest Windsor apartment development, Amado</a>

[smartcode_project:default project_id=139074 project_image_fid=287533]

Density is coming to Brisbane, just not in a hurry.

There were approved for one of Brisbane's tallest apartment buildings at&nbsp;<a href="/new-apartments/25-mary-street-brisbane">25 Mary Street</a>.

The <a href="/architects/koichi-takada-architects">Koichi Takada</a>-designed buildings will be one of Brisbane’s tallest apartment towers standing at 264 metres.

<img alt="Plans approved for one of Brisbane's tallest apartment towers by Koichi Takada" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-02-07%20at%2011.34.00%20am.png?VersionId=Z4HsfKAiIYafTqv6JAkbsjnPrKRmusLg" />

The 71-level structure, to be developed by&nbsp;<a href="/developers/ks-property">KS Property</a>, will feature 527 apartments and over 4,000 sqm of communal spaces, with a design inspired by natural forms, particularly the image of a tree trunk.&nbsp;

Read more: <a href="/news/qld/plans-approved-for-one-of-brisbanes-tallest-apartment-towers-by-koichi-takada">Plans approved for one of Brisbane's tallest apartment towers by Koichi Takada</a>

Fortitude Valley is also expecting a rare new tower, with plans filed for a 28-level building on St Pauls Terrace, a key area bordering Spring Hill.&nbsp;

Designed by&nbsp;McFarland Architects, the tower is set to comprise 164 one, two, three and four-bedroom apartments. The 1,152 sqm of communal space incorporates a gym on the podium level and a rooftop with a swimming pool, spa, rec rec room, barbecue facilities, and various seating areas.

<img alt="First look: Rare new apartment tower pitched for Fortitude Valley" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-18%20at%2012.57.24%E2%80%AFPM.png?VersionId=WGSOZNjHfKDaDtjLPoOU.ktqgAYrGgtr" />

Just 14 one-bed apartments have been pitched. They'll feature alongside 48 two-beds, 62 three-beds, and 40 four-bedroom apartments.

Mewing said the residential breakdown delivers a diversity of housing product to cater for different life stages, needs, and living&nbsp;arrangements.

Read more: <a href="/news/qld/first-look-rare-new-apartment-tower-pitched-for-fortitude-valley">First look: Rare new apartment tower pitched for Fortitude Valley</a>

Low density has been slated for Paddington, with&nbsp;<a href="/developers/core-property-partners">Core Property Partners</a> and P&amp;MV Constructions teaming up to propose a mixed-use precinct at 208-220 Given Terrace.&nbsp;

<img alt="First look: Paddington's Given Terrace set for luxury makeover" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-04%20at%208.53.18%E2%80%AFAM.png?VersionId=t4ha6OnH6Jmh8Jy7NBdjXxdtVblDkZ9N" />

The development will feature 12 luxury apartments and 31 short-stay accommodation suites.&nbsp;

A new pedestrian laneway will be added, enhancing connectivity and creating a civic space that celebrates the area's rich history dating back to the 19th century.&nbsp; 
This development aims to revitalise the commercial heart of Paddington, attracting both locals and visitors alike.

Read more: <a href="/news/qld/first-look-paddingtons-given-terrace-set-for-luxury-makeover">First look: Paddington's Given Terrace set for luxury makeover</a>

City Beat October 2024: Brisbane unit boom continues as buyers line up

When designing its debut Gold Coast apartment development, developer Polycell tried to find a way to create a point of difference in what else was on offer in Broadbeach.

Their conclusion was to bring on not one, but two of Australia's most celebrated architects to design <a href="/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a>, a sculptural 42-level tower in the heart of the <a href="/developments/broadbeach-qld-4218">booming suburb</a>.

[smartcode_project:default project_id=112276 project_image_fid=211183]

BDA Architecture Director Darren Greenway said The Rochester has a really strong independent character.&nbsp;

“BDA’s philosophy is to create enduring architecture," Greenway said.

"The Rochester is different to other buildings in the Broadbeach precinct. Its unique form is more elegant and linear, with soft curves to the edges, that relate back to the more fluid parts of the beaches and the hinterland of the Gold Coast.

“Having a really simple floorplate, with elegant slight curves to the balconies, very horizontal lines, and vertical contrasting elements, makes it more timeless in the architecture. When people are moving along the esplanade, or up Surf Parade, they’ll see this clean, timeless line."

[smartcode_project:default project_id=112276 project_image_fid=211186]

BDA Associate Patrik Pelikan said the overall experience of The Rochester has been none of trying to achieve excellence; almost like a club, that once you are part of it, it elevates you.

“Every apartment is orientated and crafted to its location within the building. We wanted to create an upmarket coastal feel, more refined and elegant through the detailing of the interior palette. So, we used high-end materials, in coastal tones – the whites, the creams, the sands, the timber. It’s about a series of little details and moments," Pelikan said.&nbsp;

“The entertainer’s kitchens are specifically designed for each unit, and they flow into the living room areas. The balconies have been meticulously crafted to provide beautiful views, but at the same time give you privacy.”

[smartcode_project:default project_id=112276 project_image_fid=211193]

The Rochester, now over 80 per cent sold, has 182 two and three-bedroom apartments across a 42-level tower at 143 Surf Parade.

Construction is underway, with completion slated for late 2027.

[smartcode_project_cta:default project_id=112276]

BDA Architecture Director Darren Greenway said The Rochester has a really strong independent character

"It’s about a series of little details and moments": How The Rochester Broadbeach apartment development was designed

Since the pandemic hit Australia, there's arguably not been a suburb in Australia that's been more in vogue than <a href="/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;on the <a href="/developments/gold-coast-qld">Gold Coast</a>.

Data from Apartments.com.au's new data product, <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, showed that from 2020 to 2021, enquiry spiked 130 per cent, driven by local and interstate purchasers snapping up luxury beachfront apartments.

Enquiry levels returned to early pandemic levels in 2022, namely due to the fact several developments sold out quicktime, but the appetite to live in the coastal enclave did not abate, with search traffic to Palm Beach staying consistent. There was simply much more demand than there was supply.

Josh Foote's <a href="/developers/ignite-projects">Ignite Projects</a> took just eight weeks to sell all 34 apartments at <a href="/buildings/cabana-1-nineteenth-avenue-palm-beach">Cabana Palm Beach</a>, where sale prices ranged from $1,775,000 to just over $5.5 million.

It was the same story with developer&nbsp;<a href="/developers/pask-group">Pask</a>. Launching during the pandemic, they sold out <a href="/new-apartments/esplanade-474-the-esplanade-palm-beach">The Esplanade</a>, named after its position on the dress circle street that runs down to Burleigh Heads. The 15 apartments on the beachfront sold between $3.2 million and over $7.1 million.

<a data-entity-type="file" data-entity-uuid="9d768898-933c-4167-8f8e-ae6c40dc09d8" href="/new-apartments/gold-coast-qld"><img alt="Palm Beach" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-25%20at%208.29.12%E2%80%AFAM_1.png?VersionId=mccK9ZKObftFJ.fHdFNSBFkGpLRuIqjt" /></a>

One of the main reasons southern dwellers descened on Palm Beach was how much it flew under the radar. The quiet neighbour of Burleigh Heads, Palm Beach had been void of new developments until the demand spurred by the pandemic to live on the Gold Coast became aparent, those from the southern states in particular had a narrow brief; Gold Coast, and as close to the beach as possible.

Palm Beach has been one of the most active suburbs for development site sales.

Since the start of 2021, around 25 per cent of total sales by site amalgamation and sales specialists GV Property Group has been in Palm Beach, only second to Broadbeach.

After the boom that saw the likes of Cabana, Esplanade, <a href="/buildings/the-tally-14-twenty-eighth-avenue-palm-beach">The Tally</a> and Hirsch &amp; Faigen's <a href="/buildings/hemingway-1267-1273-gold-coast-highway-palm-beach">Hemingway development</a> sell out, the suburb remained in hot demand, but supply wasn't there to match it. When a project like <a href="/new-apartments/seaclusion-202-4-twenty-first-avenue-palm-beach">Seaclusion</a>, 40 one two and three-bedroom units on Twenty First Avenue entered the market, the majority of apartments were snapped up within a month.

It wasn't until earlier this year that the tap was turned back on. Prominent Gold Coast developer Sherpa brought to the market Perspective Nexus, 35 apartments at&nbsp;949 Gold Coast Highway&nbsp;that have race to 75 per cent sold, while fellow renowned local developer&nbsp;<a href="/developers/marquee">Marquee Development Partners</a>&nbsp;launched <a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle Palm Beach</a> to similar fanfare. Over 80 per cent of the 75 apartments on offer were snapped up, making La Belle the fastest selling project on the Gold Coast in 2024.

l[smartcode_project:default project_id=102340 project_image_fid=273591]

The apartment pipeline for Palm Beach looks strong, as demand will be somewhat to be satisifed by the number of developments waiting to hit the market.

<a href="/developers/sherpa-property-group">Sherpa</a> is soon to launch <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, the first development of its Flourish brand that caters for a wider range of buyers with a diverse mix of 94 one, two and three-bedroom apartments.

Tim Gordon's <a href="/developers/gordon-corp">Gordon Corp</a>, in another joint venture with the Mathieson hospitality family, is <a href="/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">teaming up again</a> to create a development that is also expecting to attract several buyer camps.

"We have been very deliberate in not pushing scale, or density,” Gordon Corp Sales and Marketing Director Lara Dimond&nbsp;said.

<img alt="Gordon" data-entity-type="file" data-entity-uuid="dd3cdd67-3fd3-4a20-99ee-0f3ecc8f05ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-11%20at%204.00.35%E2%80%AFPM.png?VersionId=FbMiVo04utsBy2vtccUAPAcV1oaYoy0x" />

The building, designed by&nbsp;<a href="/architects/cottee-parker-architects" target="">Cottee Parker</a>, comprises 47 two and three-bedroom apartments across a nine-level building at&nbsp;<a href="/new-apartments/62-64-jefferson-lane-palm-beach">62-64 Jefferson Lane</a>, just one row back from the beach.

The apartments start from 115 sqm and range in size to 275 sqm. Private resident amenities have been incorporated on the ground floor. There will be a 15m lap pool with day beds and cabanas, a wellness centre with cold plunge and a hot spa, as well as a sauna and steam room. The wellness centre will also feature a&nbsp;state-of-the-art gym.

One of the most recent submissions is for one of Palm Beach's largest developments to date.

B.K.A Holdings Pty Ltd, a company directed by solicitor David Ingwersen, has <a href="/news/qld/first-look-exclusive-palm-beach-apartment-pipeline-ramps-up-another-notch">proposed two 13-level towers</a> on an&nbsp;amalgamated six-lot, 2,472 sqm site at 1395-1405 Gold Coast Highway and 436-438 The Esplanade, which would home 98 two, three and four-bedroom apartments.

<img alt="palm beach" data-entity-type="file" data-entity-uuid="2aa0460c-45d1-4701-be63-f552f638010c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-11%20at%204.04.09%E2%80%AFPM.png?VersionId=n1l3tknhztnAOGO.h8yDcYs303hezxyt" />

The West Tower will have the bulk of the apartments (72), with six units per floor, while the East Tower will have just 25 three-bedroom apartments, each with a multi-purpose room, and a sole four-bedroom penthouse.

There will be two small hospitality venues on the ground floor of the buildings. The more dense buildings will have greater amenity, in the form of a ground level swimming pool and a wellness centre with a gym, steam room, and sauna, while the more boutique building will have the same facilities, just without the gym.

Demand from both developers and buyers is expected to see Palm Beach continually be one of the most popular suburbs on the Gold Coast for the foreseeable. Over the last four quarters, Palm Beach has been the most searched Gold Coast suburb on Apartments.com.au.

Over the last four quarters, Palm Beach has been the most searched Gold Coast suburb on Urban.com.au.

Palm Beach: The most indemand off the plan apartment market on the Gold Coast

The word sterling has many connotations. It is often used when something is of top quality, prestige, and timelessness.

It is sterling that inspired the newest development in Lane Cove, in Sydney's booming Lower North Shore region.

Located in the quiet northern end of Lane Cove, <a href="/new-apartments/sterling-lane-cove-north-2-merinda-street-lane-cove-north-nsw-2066">Sterling</a>&nbsp;features 50 one, two, and three-bedroom apartments, catering for a wide variety of buyers and just six apartments per floor.

[smartcode_project:default project_id=136108 project_image_fid=303417]

Ray White Projects Wider Sydney Managing Director, Mark Bernberg, says everything about the project is intrinsically tied to what sterling is all about.

"Everything has been considered to be of sterling quality," Bernberg says.

"The fixtures and finishes are another level up from what has come before in this quiet pocket of Lane Cove, and every apartment, be it for the first home buyer, rightsizer, or downsizer, has the same sterling design approach."

[smartcode_project:default project_id=136108 project_image_fid=303415]

Each kitchen in Sterling is fitted with Miele ovens and cooktops and Fisher &amp; Paykel dishwashers.

Future residents will have access to a rooftop entertaining area with extensive panoramic views, over the leafy surroundings and back to the Sydney CBD.

The location of Sterling is expected to draw those seeking both nature and convenience. It is ideally located on Merinda Street, which will place residents between Stringybark Creek,&nbsp;Lane Cove's only area of endangered Blue Gum High Forest, and the well-connected&nbsp;Mowbray Road West and Epping Road.&nbsp;

It's only two kilometres from The Canopy, the heart of the Lane Cove community that has a plaza with extensive retail and hospitality venues centred around a village green-like lawn that regularly hosts live music acts.

[smartcode_project:default project_id=136108 project_image_fid=303412]

Sterling is being delivered by builder developer Scion Group, who has a strong reputation of delivering quality across Sydney's North Shore.

As part of its commitment to delivering quality, Scion has taken out the <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">10-year Latent Defects Insurance</a> offered by Resilience Insurance. The insurance, often known as LDI covers structural defects of the building for up to 10 years post-completion. Sterling is the only development in Lane Cove to have the insurance.

Scion Group is well advanced in construction of Sterling. The building itself is expected to complete later this year, with the internal fitout seeing residents move in some time in Q1 2025.

[smartcode_project_cta:default project_id=136108]

Sterling in name and nature as new apartments hit Lane Cove

It was the combination of research, timing, and growth potential that led Youngki Park to secure his first home in <a href="/developers/deicorp">Deicorp</a>’s Melrose Central, part of the expansive Melrose Park urban renewal project.

Youngki, an architect by trade, had become aware of the opportunity for growth in the area from his friend who had previously bought an apartment in Melrose Park with Sekisui.

"The value of my friend's apartment had gone up since he had bought it off the plan, so that for me opened up the idea of buying an apartment that hadn't been built yet,"&nbsp;Youngki said.

[smartcode_project:default project_id=134220 project_image_fid=289879]

Youngki had seen first hand how much the area had evolved in recent years, and was well aware of the infrastructure developments in <a href="/developments/melrose-park-nsw-2114">Melrose Park</a>.

"There is a lot happening in the area, especially regarding transport, which will connect it to the rest of Sydney," Youngki said.

"Melrose Central will be across the road from the future&nbsp;Parramatta Light Rail which will make commuting into the city easy, and there's a new bridge planned that will connect it [Melrose Park] to Wentworth Point."

[smartcode_project:default project_id=134220 project_image_fid=289878]

Understanding no purchase of a home isn't without its risks, in both the established or off the plan space, Youngki said doing his research on the developer made him feel at ease.

"As an architect, I appreciated the design of&nbsp;<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>,&nbsp;and after doing my research into Deicorp and the fact they have delivered 100 per cent of projects they've set out to, my mind was made up."

[smartcode_project:default project_id=134220 project_image_fid=289894]

Youngki is renting across the harbour in Rhodes but decided it was the right time to invest in his financial future. He was one of 40 or so buyers who secured apartment on the display suite launch at&nbsp;<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>.

"I hadn't intended on buying on the opening weekend, however, the sheer number of people, and the clear confidence and intent of those buyers, pushed him over the line."

[smartcode_project:default project_id=134220 project_image_fid=289895]

<a href="/project-marketer/cbre-residential-australia" target="">CBRE</a>&nbsp;Residential Project Managing Director, David Milton, says Melrose Central represents great value for buyers.

"Our two-bedroom, two-bathroom apartments are priced under $1 million. If you go to any of the neighbouring suburbs, you can't get that kind of value," Milton suggests.

Milton says the buyer pool has been diverse, with first home buyers, local owner-occupiers, and even investors purchasing.

Melrose Central, developed by Deicorp and <a href="/developers/payce-consolidated-limited">PAYCE</a>, is a part of the larger 55-hectare Melrose Park precinct, which will eventually deliver 500 apartments over six buildings, alongside a five-level podium housing retail, wellness facilities, and a Coles supermarket.&nbsp;

The first stage of Melrose Central is expected to complete by mid-2027.

Youngki took part in Urban's&nbsp;<a href="/news/buyer-qa">Buyer Q&amp;A series</a>, which focuses on the driving factors behind&nbsp;<a href="/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="">buying off the plan</a>&nbsp;property in Australia.

[smartcode_project_cta:default project_id=134220]

CBRE Residential Project Managing Director, David Milton, says Melrose Central represents great value for buyers

Why a local first home buyer bought an apartment in Deicorp's Melrose Central: Urban Buyer Q&A

Maleela Rise, a Bawlyn apartment development that counts billionaire James Packer as one of its interested parties, has been approved.

Packer's name features in a long list of company directorships that tie him to a <a href="/new-apartments/maleela-rise-balwyn-23-maleela-street-balwyn">new $32 million apartment development</a> in one of Melbourne's leafiest suburbs, a suburb where new apartment developments are a dime a dozen.

A tangled web of investors shows Packer's Consolidated Press International Holdings Limited investment vehicle as the ultimate holding company for Sharland Holdings, which shows an interest in the entity NPG MALEELA PTY LTD, the name on the development application.

The project will be developed by Chapter Group, with the Lefkos family name in the directorships of the main company, in a joint venture with&nbsp;Gersh Investment Partners.

The VCAT approval, secured in 10 days, paves the way for a three-level, Cera Stribley-designed building on a prime&nbsp;3,862 sqm site at 23 Maleela Avenue, just set back from Whitehorse Road between Balwyn and Deepdene.

The design, submitted to the Boroondara Council, aims to reflect the character of Balwyn, a suburb known for its architectural diversity.&nbsp;

The building will include two and three-bedroom apartments, with 18 different floorplans across the 31 residences.&nbsp;

The two-bedroom apartments will range in size from 114 sqm to 140 sqm, while the three-bedroom apartments start at 150 sqm.&nbsp;

At the top end, three penthouses will span between 310 sqm and 361 sqm, each featuring three master suite bedrooms and two living rooms.

Cera Stribley Architects stated that the design takes inspiration from the surrounding area, referencing Balwyn's eclectic mix of architectural styles, including Georgian Revival, Moderne, and Tudor Revival homes.&nbsp;

The articulation of the building will respond directly to the adjacent residential architecture, with the southern portion of the building grounded on the highest point of the site and horizontal planes flowing northward.&nbsp;

Landscaping by Jack Merlo will further integrate the development with its surroundings.

The development reflects the growing demand for diverse housing in established premium suburbs like Balwyn, which has seen an influx of new and emerging apartment projects.&nbsp;

The development aims to offer a range of housing options, particularly for families seeking access to this coveted area.&nbsp;

The project continues Chapter Group’s recent successes, including their <a href="/news/vic/confidence-in-melbournes-off-the-plan-apartment-market-soars-with-record-10-million-fitzroy-sale">record-setting sale of a penthouse</a> in Fitzroy for over $10 million.

First look: Balwyn apartment development with links to billionaire James Packer approved

Maroochydore is set for a rare new development a stone's throw from the Maroochy River.

<a href="/developers/rocking-horse-construction">Rocking Horse Constructions</a>&nbsp;has been given the green light by the Sunshine Coast Council to developer&nbsp;El Parasol, a new 12-level apartment with 53 apartments.

<a href="/architects/ferro-chow-architects">Ferro Chow Architecture</a>&nbsp;has designed the building at&nbsp;15-17 Ocean Street. The designs units have been inspired by the surrounding ocean and the dynamic lifestyle of the area, the architecture firm says.

<a href="/new-apartments/el-parasol-15-17-ocean-street-maroochydore">El Parasol</a>'s approved design will bring 16 two-bedroom apartments, 32 three-bedroom units—half of which will feature a study—and four four-bedroom penthouses on the top floor.&nbsp;

The development will also include communal facilities on level three, such as a swimming pool, spa with cabanas, a gym, and a kitchen and dining area.&nbsp;

The ground level will house a hospitality venue, while level two and part of level three will accommodate four two-level office spaces. Parking for the development includes 128 spaces, divided among residents, visitors, retail, and office users.&nbsp;

<img alt="Parasol" data-entity-type="file" data-entity-uuid="9acf2909-a0fd-4a03-9ea5-e380e49b70d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%203.09.44%E2%80%AFPM.png?VersionId=o7eBLNuwyR5.mh.YwPAKvl_VgwdPBKx2" />

The architectural vision, as submitted to the Sunshine Coast Council, is to create a multi-residential community that integrates a food and drink outlet, office spaces, and dwellings, fostering a vibrant and interconnected neighbourhood.

The design of the building incorporates earthy materials such as off-form concrete, timber, and rammed earth, with landscaping elements like hanging planters and perimeter planting to help blend the structure into its coastal environment.&nbsp;

Ferro Chow Architecture said the street-level experience will be activated with greenery, creating a connection between common areas and the surrounding entertainment precinct.&nbsp;

<img alt="Parasol" data-entity-type="file" data-entity-uuid="06085929-12ed-4cca-a61c-a6b71952d6fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-10%20at%203.09.56%E2%80%AFPM.png?VersionId=BW8R5VtBZLVhLk.MaHNIJJdNxX0PNpU8" />

The building will sit directly across from Big Top Shopping Centre, in an area that has seen limited residential supply in recent years.

This version of the El Parasol project is a scaled-back iteration of an earlier plan approved in 2020, which included 66 apartments and 44 short-term accommodation units across a larger site.&nbsp; The currently approved design reflects a more compact project on a 2,190 sqm site that was previously a retail strip.&nbsp;

Maroochydore is continuing to grow into a new hub for South East Queensland and the Sunshine Coast region.

Most of the activity in Maroochydore is geared toward the new greenfield CBD, with Habitat Development Group and Walker Corp the busiest developers in the precinct.

[smartcode_project_cta:default project_id=144521]

The architectural vision, as submitted to the Sunshine Coast Council, is to create a multi-residential community that integrates a food and drink outlet, office spaces, and dwellings, fostering a vibrant and interconnected neighbourhood

El Parasol apartments set for Maroochydore

Designed for over 4500 residents, providing much-needed housing in the region, the $1.5-billion masterplan by <a href="/developers/lewis-land-group">Lewis Land Group</a>, Harbour Shores, is set to rise on one of the last large-scale greenfield waterfront development sites on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

<a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> is located along Oxley Drive in Biggera Waters, in between Biggera Creek and the Harbour Town Premium Outlets shopping mall developed by Lewis Land in 1999.

[smartcode_project:default project_id=113271 project_image_fid=247080]

Traditionally settled by retirees, <a href="/developments/biggera-waters-qld-4216">Biggera Waters</a> has seen a recent surge in younger buyers attracted to the retail and dining hub with the development of the shopping centre.&nbsp;

Biggera Waters offers residents a quiet lifestyle, minutes from the <a href="/new-apartments/broadwater-qld-4380">Broadwater</a> yet still in proximity to major shopping centres and natural attractions, and only ten minutes from the CBD during peak hour traffic. The suburb also boasts excellent restaurants, cafes, specialty stores, parklands, and proximity to boat ramps and waterways.

A quick coffee and breakfast are available at The Coffee Club in Harbour Town Premium Outlets shopping mall across the road, while lunch and dinner options range from Japanese at Ichi Ban Ya, Chinese at 8 Street, to Nonna's Italian.

After a satisfying meal, residents can stroll around the mall and shop for everything from designer fashion and accessories to&nbsp;homewares and electronics. There is also the Reading Cinemas for a date or family night.

[smartcode_project:default project_id=113271 project_image_fid=247281]

For outdoor enthusiasts, there are numerous fishing spots in the vicinity, with the closest one just a five-minute drive away.

Additionally, there are large parks just less than one kilometre from Harbour Shores, such as Ngulli Bui Park and Cos Zantiotis Park, adjacent to Cooke Murphy Oval used by the NEAFL's Labrador Australian Football Club team as their home game base.

Meanwhile, a seven-minute drive north will take residents to Quota Park and the beachside Harley Park and Ian Dipple Lagoon towards the south.

[smartcode_project:default project_id=113271 project_image_fid=247280]

Families in Harbour Shores will enjoy convenient access not only to parks and playgrounds but also to several education facilities located in Biggera Waters and nearby suburbs. Biggera Waters State School, Arundel Early Intervention Centre, Coombabah State High School, and Labrador State School are all situated within just one kilometre of Harbour Shores.

The Harbour Shores' master plan revolves around 1.5 kilometres of canal frontage, linked to private marina berths, providing direct boat access to the Broadwater and beyond. Residents can access this via the public boardwalk and extensive parklands.

Lewis Land CEO Matthew McCarron anticipates the project generating up to 5,000 jobs over its development lifespan.

[smartcode_project_cta:default project_id=113271]

From bare to burgeoning: How Lewis Land has overseen the transformation of Biggera Waters

Kooyong doesn't often get many new apartment developments.

The last launch in <a href="/developments/kooyong-vic-3144">the affluent suburb</a> was in 2022 when <a href="/buildings/mansard-kooyong-709-713-toorak-road-kooyong">Mansard</a>, the development of 16 apartments inspired by French architecture, hit the market. Now that's approaching completion mid next year, there is set to be a new choice for off the plan buyers.

The new development, submitted to the Stonnington Council this week, will be smaller, just nine apartments across a four-level buuilding designed by the busy Cera Strbiley at 449 Glenferrie Road.

The building will replace an existing two-level block of flats and outbuildings.

<img alt="449 Glenferrie Rd, Kooyong VIC 3144" data-entity-type="file" data-entity-uuid="6e5949a7-4525-4de4-a8f3-3813ba134a9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%2C%20Kooyong%20VIC%203144.png?VersionId=0jc6Jkxh2Hiz8cU1IbVywI7TRzKihTJL" />

Proposed is a mix of three two-bedroom apartments, four three-bedrooms, and two four-bedroom units.&nbsp;The mix is intended to address the high demand for two and three-bedroom apartments in Kooyong, particularly among buyers seeking housing options beyond the prevalent low-rise and single-residential houses in the area.

In response to feedback from the local council, several modifications have been made to the initial design.&nbsp;

The brick façade has been extended into the mansard roof to reduce the perceived bulk of the roof level and to enhance the building's recession from the street. The height and width of the roof dormers have been reduced to minimise their visual impact.&nbsp;

The pedestrian entry now includes an arbour structure to improve the sense of address and a similar structure has been added over the vehicle basement entrance to enhance the visual appeal of the northern façade.

To address privacy concerns, south and west-facing windows have been modified with 1,200mm fluted glass to prevent overlooking neighbouring properties.&nbsp;<img alt="449 Glenferrie Rd, Kooyong" data-entity-type="file" data-entity-uuid="1269fc3a-67c6-47a9-a7cf-976f3ae13d16" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%2C%20Kooyong.png?VersionId=MRKiPCCsFeZ6qgpYGfhvrlt_U0QEzXKJ" />

Landscaping plans have been adjusted by realigning tree planting in the southwest corner to avoid interference with existing drainage infrastructure.

The site is situated in an established residential area with convenient access to a range of services and facilities. Kooyong Train Station is located 450 metres away, providing easy public transport options.&nbsp;

Educational institutions such as Scotch College and Auburn South Primary School are within proximity, as are recreational facilities like Kooyong Gardens and the Kooyong Tennis Centre.&nbsp;

Nearby shopping options include Woolworths Toorak and Woolworths Hawthorn East.

<img alt="​​​​ 449 Glenferrie Rd Kooyong DA" data-entity-type="file" data-entity-uuid="7bcd4632-8a35-4f9a-b296-011ba11f0156" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/449%20Glenferrie%20Rd%20Kooyong.png?VersionId=BJfZaVgFrGYXv4ZJ2uk2z_rHodHDZxvz" />

Architectural firm Cera Stribley emphasised in the support documents that the development seeks to meet the demographic needs of the area by offering housing options that are currently in high demand.&nbsp;

The project's design focuses on integrating with the adjacent parkland, featuring floor-to-ceiling windows to frame views of the surrounding greenery.&nbsp;

The building's exterior includes a marble shroud around the windows and metal finishes, aiming for a contemporary aesthetic that complements the natural environment.

The apartment mix is intended to address the high demand for two and three-bedroom apartments in Kooyong

First look: Boutique apartment development set for Kooyong

When asked about the key strengths of <a href="/developers/citinova">Citinova</a>’s Albero development, the response from the Urban community was clear: it’s all about location.&nbsp;

Nestled in the heart of <a href="/developments/greensborough-vic-3088">Greensborough</a>, Albero has drawn attention, from first home buyers to investors, not just for its modern design but for the unique balance it offers—urban convenience intertwined with the charm of a tight-knit community.

As part of a Victorian Government high-priority precinct, the suburb is expected to see a population increase of seven per cent by 2027, which has spurred demand for housing.&nbsp;

<a href="/buildings/albero-greensborough-4-poulter-avenue-greensborough">Albero</a>, being the only new apartment development in the suburb, stands to benefit from this growth, as well as from recent government-led infrastructure upgrades, such as the modernized Greensborough Station, which has improved local connectivity.

The combination of these infrastructure improvements and the stable local economy, supported by a mix of healthcare, retail, and hospitality industries, has made Greensborough a strong investment opportunity.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240437]

Nearly half of the local population earns over $1,000 a week, with many looking for housing close to work, further contributing to the demand for quality residential developments like Albero.

Albero itself has capitalised on the community’s desire for connected living, offering two-bedroom apartments that cater to the needs of both downsizers and first-home buyers.

Its functional and liveable design, handled by Biasol, incorporates elements that reflect the surrounding natural landscape, enhancing the connection to Greensborough’s leafy setting.&nbsp;

Communal terraces and outdoor spaces within the development encourage social interaction among residents, complementing the broader community feel of the suburb.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240440]

The proximity to parks, walking trails, and green open spaces also aligns with the lifestyle that Greensborough residents seek, offering a retreat-like atmosphere without sacrificing convenience.

Greensborough’s robust amenities and the balanced lifestyle it offers continue to draw buyers, and the completion of Albero marks an important milestone for the suburb.&nbsp;

Albero’s one, two, and three-bedroom apartments are ready for residents to move in.

[smartcode_project_cta:default project_id=4722]

As part of a Victorian Government high-priority precinct, the suburb is expected to see a population increase of seven per cent by 2027, which has spurred demand for housing. 

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