Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Joel Robinson

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Newstead apartment boom continues with Longland Street tower plans

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?

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.

Michael Bird

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

AURA by Aqualand residents to have communal Tesla access

Lifestyle developer GURNER™ has received planning approval for the first stage of its Docklands mega-project, <a href="/new-apartments/elysium-fields-208-226-harbour-esplanade-docklands">Elysium Fields</a>.

The first three towers of the $1.7 billion precinct, approved by the Minister for Planning, has been designed as a futuristic wellness and anti-ageing utopia.

The 27,000 sqm site at 208-226 Harbour Esplanade will house around 1,100 dwellings upon completion and will include around 3,700 sqm of immersive public landscapes and gardens. The first three towers will house around 700 dwellings. &nbsp;

In a significant coup for the project that will provide certainty in an unstable construction market, Hamilton Marino has been appointed to build the first tower. Early construction works are expected to commence in the next four weeks, prior to the public launch of sales, which is earmarked for early next year. &nbsp;

The precinct, described as a “utopian urban forest within a city” by <a href="/developers/gurner">GURNER™</a> Founder Tim Gurner, has been inspired by a futuristic approach to holistic health and anti-ageing, with the gardens, private amenities and residences incorporating the latest technologies in health and wellness. &nbsp;

Residents at Elysium Fields can expect to enjoy on-site anti-ageing facilities and equipment such as cryotherapy, IV infusions, dry and infrared sauna, red light therapy, grounding and PEMF beds, &nbsp;alongside exclusive access to the Elysian Reverse Ageing Medical Clinic that will provide medical grade treatments including MRIs, DEXA scans, brain scans, blood testing and personalised health plans.&nbsp;

<img alt="Elysium Fields" data-entity-type="file" data-entity-uuid="717a6cc9-7fa2-4da8-a0ce-e17139b63918" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E03%20-%20Wurundjeri%20Way_DJI_0490_Opt003.jpg?VersionId=WkbG5hJ3EAbN8B3LqG1lKDumORN_rYEL" />

Residents will also gain access to the planned on-site Saint Haven Private Club which will be the largest in the Group’s portfolio at circa 3,000sqm, and an indulgent Haven Ancient Baths concept, also by &nbsp;Gurner Group, that will offer 15 different types of enriched water for optimum health. &nbsp;

The ancient bathhouse, to be known as Haven Ancient Baths, will be one of the world’s largest bathhouses, bringing together the latest technology while celebrating the history and science behind bathing from centuries-old traditions. &nbsp;

Designed by Fraser &amp; Partners, the precinct will include a walkable ‘path of life’ that runs the entirety of the north-south ground floor/podium plane that will be designed for running, Yoga, meditation, &nbsp;training, exercise and recovery, alongside a rooftop sports court, a private wellness club, a pool club and 5,000sqm of retail, dining and public realm amenity.&nbsp;

The precinct will also feature its very own botanical gardens, be geared for a 24/7, interactive retail, &nbsp;dining and entertainment experience, and include a stunning, futuristic glass dome, modelled on the concept of Elysium being the utopian afterlife. &nbsp;

The journey to optimal health will continue inside each residence, with the homes designed to include filtered air purifiers, filtered water, access to northern sunlight, circadian lighting and optional recovery upgrades. &nbsp;

A Joint Venture between GURNER™ and City Harbour – a consortium that includes the Liberman family, which holds the development rights to the project – the precinct’s approval means the first tower, a luxury build-to-sell offering with circa 250 residences, can launch to the public early next year, with early construction works to commence next month. &nbsp;

The development will include over 1,100 BTR and BTS apartments, a retail and hospitality precinct, a 4-star short-stay hotel of circa 100 keys and another premier 5-star hotel in the main tower of over &nbsp;250 keys, with state-of-the-art conference facilities, a business club and hospitality offerings.

Tim Gurner said Elysium Fields is a "once-in-a-lifetime transformation precinct."

"We are excited to have the opportunity to reshape the future of the Docklands and create a world-class, 24-hour destination this city deserves.

“Appointing Hamilton Marino to construct the first tower gives our clients certainty in delivery. We are committed to the precinct and will be commencing early construction works before the first launch of sales."

[smartcode_project_cta:default project_id=144441]

Sales to launch at GURNER's $1.7 billion Elysium Fields precinct in Docklands

Prospective buyers at Elevate, the recently launched stage of Hume Place above Crows Nest Metro Station, will be able to secure an apartment in the exciting development with just a $10,000 deposit.

<a href="/developers/thirdi-group">Third.i</a> has partnered with NestDeposit to provide the low deposit option, making it accessible for everyone including first home buyers, investors, and downsizers.

The 130 one, two and three-bedroom apartments offer a unique proposition to any buyer given the rarity of such a development directly above Australia's largest ever public transport project.

&nbsp;

[smartcode_project:default project_id=142550 project_image_fid=297877]

Luke Berry, Co-Founder of Third.i, said the team is&nbsp;always looking for innovative ways to help Australians achieve their property dreams.

"NestDeposit addresses the challenges of rising living costs, house prices, and the long savings periods needed for traditional deposits, making homeownership more accessible for buyers across the country," Berry says.

“We’re excited to offer NestDeposit at Elevate Hume Place, giving more people the chance to secure a home in a prime location above the new Crows Nest Metro. At Elevate, residents will enjoy seamless connectivity, stunning homes, upscale communal amenities, and an area that beautifully combines urban convenience and community charm."

Situated directly above the recently opened <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station, <a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>&nbsp;has been designed by Woods Bagot. and are split into categories; The Urban Residences, Panoramic Residences, and Skyhomes.

[smartcode_project:default project_id=142550 project_image_fid=297878]

The Urban Residences are made up of 76 one and two-bedroom apartments. They start on level seven and each feature a balcony or winter garden providing an extended alfresco living space.&nbsp;

The Panoramic Residences offer one, two and three-bedroom apartments, higher up the building to offer extensive views stretching from the heads, across the Harbour, and to the city skyline.&nbsp;

There are only 11 apartments in the Skyhomes collection, including a number of three-level penthouses that have their own rooftop terrace with a pool and outdoor kitchen. Each of the Skyhomes has three bedrooms, except for one oversized two-bed.

&nbsp;

&nbsp;

<a href="/developers/thirdi-group">Third.i</a>&nbsp;and joint venture partner Phoenix Property Investors are working towards a Q3 2027 completion date.

[smartcode_project_cta:default project_id=142550]

Luke Berry, Co-Founder of Third.i, said the team is always looking for innovative ways to help Australians achieve their property dreams

Third.I offer $10k deposits at Elevate Hume Place apartments above Crows Nest Metro

Unit values are having their time in the sun in Sydney, as affordability and higher interest rates put a dampener on the house market.

The monthly update from property data analytics firm CoreLogic shows unit values increased by 0.6 per cent across September, whereas the counterpart house market saw a modest 0.1 per cent gain.

The Sydney median unit value is now $860,000, compared to the median value of houses which is now $1,473,000.

The growth in the Sydney market has slowed, with dwelling values, which incorporates houses and units, showing 0.5 per cent gains over the September quarter, the lowest growth since early 2023 when values briefly declined.

<h2>What happened in Sydney’s off the plan apartment market in September</h2>

There has been strong response to several new off the plan apartment developments in Sydney in September, particularly in the booming Lower North Shore region.

Over 60 per cent of apartments in the first release at TWT Property Group's <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>, on the fringe of <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> and <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a>, were snapped up on the opening weekend.

Local downsizers and young couples made up the majority of purchasers who were attracted to the proximity to both&nbsp;Crows Nest Metro and Crows Nest village.

[smartcode_project:default project_id=94318 project_image_fid=293323]

The first building will have 93 one, two, three and four-bedroom apartments.&nbsp;The curved, 16-level building features interiors by&nbsp;<a href="/architects/dbi">DBI</a>&nbsp;who has created an interior scheme that is focused on creating functional living spaces, like the inclusion of study nooks and protected balconies.

The first stage of the masterplan will feature 3,000 sqm of commercial space, part of the 10,000 sqm of commercial space that will be on offer across the total 1.3-hectare development.&nbsp;

&nbsp;

[smartcode_project:default project_id=94318 project_image_fid=293324]

&nbsp;

It's been the same strong response to Elevate at Hume Place, the new release of apartments literally above Crows Nest Metro from Third.i.

The 130 one, two, three bedroom apartments offer unparalleled access to Sydney, as well as all of the amenity in the booming Lower North Shore metro corridor.

The apartments are split into three categories; The Urban Residences, Panoramic Residences, and Skyhomes, offering a wide choice for buyers.

[smartcode_project:default project_id=142550 project_image_fid=297877]

Hume Place will comprise three mixed-use buildings designed by the internationally acclaimed architecture firm Woods Bagot.

&nbsp;

&nbsp;

Third.i and joint venture partner Phoenix Property Investors (PPI) acquired the&nbsp;<a href="/developments/crows-nest-nsw-2065">Crows Nest</a>&nbsp;Overstation Development at the end of 2022 after being shortlisted by the NSW Government and Sydney Metro in a rigorous and highly competitive tender process. Third.i and PPI were selected over some of Australia’s most successful developers, to deliver both sites above the station.

[smartcode_project:default project_id=142550 project_image_fid=297878]

Records continued to set in the east with the circa $22 million sales of the AYA Penthouse representing the highest price paid for a non-beachfacing apartment.

The four-bedroom penthouse, designed by&nbsp;<a href="/architects/koichi-takada-architects" target="">Koichi Takada</a>&nbsp;at the top of the nearly complete Aqualine building, is the largest single-level penthouse in Bondi Beach.

<img alt="AYA Penthouse, Bondi Beach's largest single-level apartment sells for around $22 million" 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%202024-09-12%20at%207.40.27%E2%80%AFAM.png?VersionId=1pjK1aEVzQQ7f8WmAoiD.aQuvoXAxx7W" />

There was another record set in <a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">The Centennial Collection</a> in the nearby&nbsp;<a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>. An $8.85 million sale is the highest achieved for a three-bed apartment in the suburb.

Ray White Projects Director, Marcello Bo, said local rightsizers continue to show strong interest in the project with "generous layouts and amazing interiors."

“Uninterrupted views of the harbour and city skyline is a big drawcard for buyers, along with the proximity to Woollahra,&nbsp;Bondi Junction&nbsp;and Centennial Park across the road," Bo said.

“The Centennial Collection&nbsp;finishes are extremely luxurious. There’s a winter pool and a year-round rooftop pool, a concierge and wellness hub; it really is a luxury experience.”

[smartcode_project:default project_id=136076 project_image_fid=212615]

Activity from both buyers and developers continued in Castle Hill.

Developer&nbsp;<a href="/developers/cpdm">CPDM</a> has secured significant interest following the launch of its low-rise development&nbsp;<a href="/new-townhouses/larool-crescent-castle-hill-2-22-larool-crescent-castle-hill-nsw-2154">Larool Crescent</a>.

Its proximity to Castle Towers, and its variety of configurations, has seen it become a hit with first home buyers, rightsizers and downsizers.

[smartcode_project:default project_id=135330 project_image_fid=289164]

The most notable new development plans filed in September across Sydney was also in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> where&nbsp;<a href="/developers/kassis-homes" target="">Kassis Homes</a> unveiled plans for Grand Reve II, named after its recently completed debut Castle Hill apartment development, <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a>.

The new plans are for four towers, three residential and one hotel, next door to Grand Reve across a large 9,074 sqm on&nbsp;Garthowen Crescent and Old Castle Hill Road.<img alt="Reve Group file for new four-tower development in Castle Hill" 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%202024-09-10%20at%204.33.37%E2%80%AFPM.png?VersionId=JGCTtL5_W6OlfHZHUTLqDx8oVZZU8xyo" />

The new development will again offer a range of configurations. Across the 19, 22 and 23-level residential buildings will be 50 one-beds, 147 two-bed apartments, 56 three-beds and 11 four-bed apartments.

"We've been building in the area for three decades, and we're passionate about delivering high-quality residential living to&nbsp;<a href="/developments/castle-hill-nsw-2154">Castle Hill</a>," Sam Kassis told Urban.

Read more:&nbsp;<a href="/news/nsw/reve-group-file-for-new-four-tower-development-in-castle-hill">Reve Group file for new four-tower development in Castle Hill</a>

There has been strong response to several new off the plan apartment developments in Sydney in September, particularly in the booming Lower North Shore region

City Beat October 2024: Units continue to dominate houses in Sydney

Gold Coast apartment developer&nbsp;<a href="/developers/marquee">Marquee</a> has announced the release of the penthouses atop its high-end Palm Beach apartment development, La Belle Palm Beach.

The release of the penthouses comes following the recent commencement of construction of the <a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">14-level building</a> of 75 apartments that is over 70 per cent sold.

The Penthouse Collection includes 10 sub penthouses and the sprawling five-bedroom Grand Penthouse.

[smartcode_project:default project_id=102340 project_image_fid=305418]

“We’re excited to unveil what we believe will be the pinnacle of penthouse living on the Southern Gold Coast,” said Jacques Winterburn, Director of Marquee.&nbsp;

“The team have been working tirelessly to craft a collection of residences worthy of this prime absolute beachfront location in Palm Beach. Our commitment to creating exceptional spaces where every detail elevates the living experience is what makes this collection truly unparalleled.&nbsp;

“This collection of Penthouses is even more enticing for buyers with Marquee’s trademark premium residential amenity in La Belle delivering over 1,500m2 of wellness and relaxation facilities dedicated to elevating residents’ lifestyle and wellbeing. This is above and beyond what they could expect in a residential building on the Gold Coast beachfront now or in the future

[smartcode_project:default project_id=102340 project_image_fid=305419]

The Grand Penthouse offers 520 sqm of internal living space and a further 162 sqm of external area. It has five&nbsp;bedrooms, four and a half bathrooms, a multi-purpose room, and four car parks, along with an indoor cinema, wine display, a large home office, and a feature fireplace,&nbsp;

The subpenthouses are a mix of three and four-bedroom apartments. The three-bedroom sub penthouses start from $4,125,000 and the four-beds from $7.5 million.&nbsp;

Key design features in each subpenthouse include desirable northeast-facing orientation, floor to ceiling glass capturing protected ocean and beach views, Gaggenau cooking appliances, premium oak timber flooring throughout, and 100% New Zealand wool carpets in the bedrooms.&nbsp;

[smartcode_project:default project_id=102340 project_image_fid=274768]

<a href="/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle</a> residents will have access to two levels of amenity including a&nbsp;heated outdoor pool and spa, teppanyaki dining bars and entertaining areas, and a residents' lounge with a billiards table, bar, and large screen TV for social gatherings.

The building will also feature a wellness centre with a fully equipped gym, dedicated yoga and Pilates studio, Nordic and infrared saunas, an indoor hydrotherapy hot pool, and two cold plunge immersion baths. There's also set to be a hotel-style lobby with a Porte Cochère and fully equipped private offices designed to accommodate remote working.

[smartcode_project:default project_id=102340 project_image_fid=273596]

“We have had a tremendous response since launching La Belle, with the desire for low maintenance beachfront property in a secure building proving popular with downsizers and second homeowners,"&nbsp;Winterburn said.

"Our dedication to delivering state-of-the-art amenities, including a world-class wellness centre and opulent communal spaces, has clearly struck a chord with discerning buyers looking for a place to relax and spend time with family and friends at the beach."

Construction of La Belle Palm Beach is underway, with completion anticipated in the second quarter of 2026.

[smartcode_project_cta:default project_id=102340]

Marquee launches exclusive penthouse collection at La Belle Palm Beach

TWT Property Group has celebrated a major milestone in the construction of the first stage of The Collective, its precinct-driven development on the Crows Nest side of St Leonards.&nbsp;

Moving ahead of schedule, the completion of the basement concrete pour and commencement of vertical construction was celebrated earlier this month with what TWT is calling a "Ground Building Ceremony."

TWT’s "Ground Building” is a new approach that celebrates progress beyond the traditional groundbreaking. The event marks the moment when a project officially begins its vertical ascent, moving from foundation works to tangible construction progress.

Stage one of <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a> – known as The Atchison – includes the first of the development’s four buildings, comprised of 93 units across 16 levels, conveniently located only a four-minute walk to the <a href="/developments/st-leonards-nsw-2065">St Leonards</a> train station and just 300 metres from the brand-new <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> Metro Station.

Read more:&nbsp;<a href="/news/nsw/the-sydney-suburbs-set-to-benefit-the-most-from-the-new-sydney-metro">The Sydney suburbs set to benefit the most from the new Sydney Metro</a>

[smartcode_project:default project_id=94318 project_image_fid=293324]

With Sydney’s Lower North Shore experiencing escalating land values and tight housing supply, The Collective has attracted significant buyer interest, thanks to its prime location and thoughtful design. The development will provide a much-needed blend of apartment sizes designed to meet the requirements of a variety of homebuyers, including young professionals and downsizers.

Gavin Zhang, General Manager of TWT Property Group,&nbsp;said of Friday’s ceremony that the event marks an exciting turning point for the project and the community, with The Collective now “moving beyond the ground”.

"This Ground Building Ceremony celebrates the tangible progress we're making in bringing this project to life ahead of schedule," Zhang says.

"It’s a unique moment that reflects our commitment to delivering exceptional, well-connected homes in strategic locations."

[smartcode_project:default project_id=94318 project_image_fid=294220]

Derek Pearson, construction partner Westbourne Constructions, said the team pride themselves&nbsp;on delivering quality construction on time and on budget.

“We look forward to continuing our partnership with TWT to create high-quality homes that reflect the needs of this vibrant, growing community."

[smartcode_project:default project_id=94318 project_image_fid=293327]

<h2>Apartment mix, sizes, and prices:</h2>

<ul type="disc">
	<li>One-bedroom apartments (50 sqm internal, 9 sqm external), total area 59 sqm, starting from $935,000</li>
	<li>Two-bedroom apartments (75 sqm internal, 11 sqm external), total area 86 sqm, starting from $1.48 million</li>
	<li>Three-bedroom apartments (109 sqm internal, 39 sqm external), total area 148 sqm, starting from $2.3 million</li>
	<li>Four-bedroom apartments (149 sqm internal, 28 sqm external), total area 177 sqm, starting from $3.05 million</li>
</ul>

<h2>A vibrant future for Crows Nest</h2>

With The Collective continuing to take shape, the project is set to become a key landmark in the Crows Nest precinct, offering not just housing but also a space where creativity and community flourish.

With its integration of commercial spaces, including artist studios, The Collective builds on TWT’s legacy of blending residential living with creativity and community connection.

As construction moves ahead of schedule, TWT anticipates continued strong demand as the project nears its next phases.

The project is slated for completion in Q3 2026.

[smartcode_project_cta:default project_id=94318]

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