<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[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.

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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.

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Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

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

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?

Wickton&nbsp;has sold all six apartments in its low-rise Hampton apartment development, 58 Beach.

<a href="/new-apartments/58-beach-hampton-58-beach-road-hampton">58 Beach</a>, with unonbstructed views to the beach and only 450m from Hampton Station,&nbsp; quickly attracted attention in the market, particularly among downsizers looking to transition from larger family homes. Prices had ranged from $1.65 million to $2.15 million for the large three-bedroom apartments.

[smartcode_project:default project_id=141530 project_image_fid=229655]

&nbsp;

Designed by <a href="/architects/ewert-leaf">Ewert Leaf Architects</a> with landscaping by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, the development was carefully crafted to blend the built environment with the natural coastal surroundings, just minutes from Hampton Beach.

The project’s design also emphasised spacious living areas that connect with outdoor spaces, offering wraparound garden courtyards for ground-floor apartments and expansive terraces with uninterrupted views of the bay for those above.

[smartcode_project:default project_id=141530 project_image_fid=229653]

The interiors featured a minimalist aesthetic with high-end finishes, including wide-plank engineered European oak flooring, natural stone plinths, and Swiss V-ZUG appliances.

<a href="/developers/wickton">Wickton</a>, led by property industry veteran Blanco Norton and architect Will Leaf, timed the release of 58 Beach Rd to align with favourable market conditions for downsizers, allowing buyers to secure a property at current prices with the potential for value growth by the project’s completion in December 2024.

The construction is being managed by 2 Moro Group.

The rapid sale of 58 Beach Rd reflects strong demand for premium, well-located properties in <a href="/developments/hampton-vic-3188">Hampton</a>, with its proximity to the beach and the thoughtful design elements that cater to the needs of downsizers.

[smartcode_project_cta:default project_id=141530]

The rapid sale of 58 Beach Rd reflects strong demand for premium, well-located properties in Hampton, with its proximity to the beach and the thoughtful design elements that cater to the needs of downsizers

Wickton sell out boutique Hampton apartment development, 58 Beach

Melbourne developer <a href="/developers/damgar-group">Damgar Group</a> is offering a limited-time five per cent deposit offer on selected Rosella apartments in <a href="/developments/murrumbeena-vic-3163">Murrumbeena</a>.

The offer applies to the next five apartments purchased, or until September 30. Half of the apartments in the seven-level, Cera Stribley-designed building have already been snapped up.

Prospective buyers can get in with a deposit of $32,750 for the $655,000 one-bedroom apartments that offer 58 sqm of internal space, a 10 sqm balcony, and a parking space.

The five per cent deposit for the $799,000 two-beds would be just under $40,000.

First home buyers can also take advantage of additional stamp duty savings from the VIC Government.

&nbsp;

[smartcode_project:default project_id=142221 project_image_fid=288651]

Construction of <a href="/new-apartments/rosella-murrumbeena-50-rosella-street-murrumbeena-vic-3163">Rosella</a> is tracking ahead of schedule. It has now&nbsp;reached the halfway mark, with the basement and first three floors completed and fit-out works soon to begin.

[smartcode_project:default project_id=142221 project_image_fid=288652]

<a href="/new-apartments/rosella-murrumbeena-50-rosella-street-murrumbeena-vic-3163">Rosella</a>&nbsp;is the only new apartment development in Murrumbeena.

Over half of the 70 apartments in the project have already been sold, reflecting strong demand in an area where new developments are rare.&nbsp;

Designed by <a href="/architects/cera-stribley-architects">Cera Stribley Architects</a>, the building's facade features a blend of rough-cast concrete, dark terrazzo, and warm copper accents to complement the nearby Hughesdale Station.

[smartcode_project:default project_id=142221 project_image_fid=288656]

The seven-level building will include commercial spaces at the ground level and a communal rooftop area for residents.

Rosella is expected to welcome residents in late 2025.

[smartcode_project_cta:default project_id=142221]

The five per cent deposit would mean buyers can secure a one-bed apartment for just over $32,000, and a two-bed for under $40,000

Five percent deposit offer at Rosella Murrumbeena to help buyers enter the property market

Sherpa Property Group is set to create a new brand within its expanding residential property portfolio that will offer a range of apartment options to cater to a broad spectrum of buyers.

The new brand, Flourish, will have apartments that will suit first home buyers, downsizers, and growing families.

Tailored predominantly for owner-occupiers, the Flourish brand aims to deliver high-quality, well-designed residential offerings across various price points.

The inaugural Flourish offering will be located at <a href="/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">8-12 Sixth Avenue</a>, Palm Beach, one of the most active property hotspots on the Gold Coast.

Entry-level units will start from under $700,000 and range in price to the $3 million luxury penthouses.

The development is set to feature one, two and three-bedroom apartments, providing options for first home buyers, downsizers, and those looking to upgrade to more spacious residences or even penthouses.

This move comes as Colliers' latest Gold Coast Residential Market Report reveals that the average price of new apartments on the Gold Coast has surpassed $1.6 million for the first time. This marks a dramatic 45 per cent increase from the previous quarter and a 14.5 per cent rise from the previous record set in September 2022.

This new initiative complements Sherpa’s existing range of residential options, including luxury beachfront apartments under the Perspective brand, small lot house and land packages through Freedom, and large lot house and land offerings from Estates.

Flourish aims to meet the needs of a broad demographic by providing homes that balance quality and value, ensuring that high standards are maintained across all product lines.

Daniel Clarke, General Manager of Sherpa, said&nbsp;Flourish represents their dedication to creating communities where residents can thrive.

"This development is about more than just housing; it’s about offering well-located, thoughtfully designed homes with excellent communal facilities that enhance residents’ quality of life," Clarke said.

“Our goal is to empower our residents with the environment and tools they need to flourish personally and financially, staying true to our core principles of innovation, value, less ismore, and customisation.”

Flourish on Sixth Avenue is ideally located near the famous beaches on the southern Gold Coast, several parks, and the vibrant&nbsp;Palm Beach café and dining scene.

Sherpa has completed 10 projects on the Gold Coast over the past six years and has four more in the pipeline.

Flourish Sixth Avenue is set to launch to market in late 2024.

[smartcode_project_cta:default project_id=146527]

Sherpa launch new brand collection Flourish to cater for wider buyer spread

Bondi Beach is known globally as one of the most popular beaches in the world.

However, to those who call it home, it’s much more than just a tourist destination. The history of <a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a> is rich and fascinating.&nbsp;

Originally, the area was inhabited by the Gadigal people of the Eora Nation. The name "Bondi" is derived from an Aboriginal word meaning "water breaking over rocks," a fitting tribute to the area's natural features.&nbsp;

European settlement began in the early 19th century, with land grants and agricultural ventures. The arrival of the railway in 1884 played a crucial role in transforming Bondi Beach from a remote location into a fashionable seaside destination. The construction of the Bondi Pavilion in 1928 further solidified the beach’s status as a prominent leisure spot, while the 1950s and 60s saw a significant boom of both commercial and residential development.

It wasn't until a major redevelopment of one of Bondi's landmark buildings in 2013 that the whole face of the suburb changed, particularly near to the famous sand.

<h2>What has been happening in the new and off the plan apartment market in Bondi Beach?</h2>

Allen Linz's <a href="/developers/rebel-property-group">Rebel Property</a>&nbsp;and Eduard Litver's <a href="/developers/capitel-group">Capitel Group</a> kicked off a wave of new development just over a decade ago, a wave that has completely transformed the apartment market in Bondi Beach.

Their redevelopment of the existing Swiss Grand Hotel on the dress circle Campbell Parade sent national records tumbling. Fund manager Will Vicars bought two adjoining "Lighthouse" penthouses in the new development, now named Pacific Bondi Beach, for an off the plan apartment record $21.9 million, a year before its completion. Since the completion, he's bought another two penthouses.

Designed by <a href="/architects/ptw">PTW</a>, Pacific Bondi Beach incorporated the Art Deco character of the street with Bondi architecture through the use of curvilinear elements and roof lines found in 1930s architecture.

The Pacific Bondi comprises 110 luxury apartments, a 69-room QT Bondi Hotel, 5,500 sqm of retail including Speedo Fitness Club and pool, Woolworths Metro and BWS store and a mix of high-quality food and beverage operations and assorted fashion boutiques.

<img alt="Pacific Bondi" data-entity-type="file" data-entity-uuid="f085f1af-d599-434e-a63a-8539f0da6e19" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-02%20at%207.52.53%E2%80%AFPM.png?VersionId=2jEUuvKwtZVnyXeCqgntvB9gKTFIz2Eq" />

Rebel Property and Capitel Group has a long history in Bondi Beach and continues to develop in the suburb. As well as Pacific Bondi, they also developed The Bondi. They're now completing Hall &amp; Campbell, named after its location on the corner of Hall Street and Campbell Parade, where they've recently secured another record.

It's the price per square metre record for the whole country. The five-bedroom penthouse was <a href="/news/nsw/hall-campbell-sets-new-apartment-record-in-bondi-beach">recently bought for $23 million</a>, a record $105,000 per sqm. The soon-to-be completed development comprises just seven new apartments set behind the historic Bates Milk Bar façade.

Rebel and Capitel, along with developer Gil Baron, have another Campbell Parade project, at 14-18 Campbell Parade, where they're <a href="/news/nsw/first-look-new-apartments-set-for-bondi-beachs-campbell-parade">planning just seven apartments</a>.<img alt="Hall &amp; Campbell sets new apartment record in Bondi Beach" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Hall%20%26%20Campbell.jpg?VersionId=N7i.jvBaqQtJA6aZEg.95Ii_cjbVEOfj" />The luxury Hall &amp; Campbell development. Image supplied

The Bondi Beach new and off-the-plan apartment market has been running hot in 2024. Data from MatterFact, the data product of Apartments.com.au, shows it has been among one of the most enquired on areas in the Eastern Suburbs, alongside its neighbouring Bondi Junction.

There’s only been one apartment launch so far in 2024. That was&nbsp;<a href="/new-apartments/mayfair-bondi-beach-58-campbell-parade-bondi-beach">Mayfair</a>, a luxury apartment development by <a href="/developers/fenbury">Fenbury</a>, also on Campbell Parade.

Mayfair comprises just seven north-facing three-bedroom apartments designed by <a href="/architects/mhn-design-union">MHN Design Union</a> with interiors by Ennen &amp; Co.

[smartcode_project:default project_id=114041 project_image_fid=255461]

In a departure from neighbouring buildings, Mayfair is exclusively designed and dedicated solely to residential use.

The last development launch before Mayfair was <a href="/buildings/eurangi-bondi-beach-134-campbell-parade-bondi-beach">Eurangi</a> by <a href="/developers/princeton">Princeton</a> back in the third quarter of 2022, an absolute beachfront address at 134 Campbell Parade, also designed by MHN Design Union.&nbsp;

There are eight apartments in Eurangi, two of which are whole floor penthouses that offer some of the best views in Bondi Beach.

<img alt="Eurangi" data-entity-type="file" data-entity-uuid="1a1f99cb-4411-40bb-84b0-31501ac43aec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-02%20at%208.36.20%E2%80%AFPM.png?VersionId=zCs4ll3PAtj0CqExiMrWIEvxctjAhNub" />Eurangi, Bondi Beach. Image supplied

Another notable property is the AYA Penthouse, the largest-ever single-floor penthouse in Bondi Beach.&nbsp;

Ray White Projects have been asking $26.4 million for the sprawling AYA Penthouse atop the Aqualine Bondi Beach project on Hall Street.&nbsp;

Designed by world-renowned architect <a href="/architects/koichi-takada-architects">Koichi Takada</a>, the expansive 443 sqm penthouse comprises four bedrooms and multiple living and entertaining areas.

There are several new apartment developments that will be revealed later this year.

The first will be <a href="/new-apartments/avra-bondi-beach-141-155-curlewis-street-bondi-beach-nsw-2026">Avra</a> by Clutch,&nbsp;just 18 luxury apartments at 141-155 Curlewis Street, about 150 metres from Campbell Parade.

<img alt="The eight hottest off the plan apartment developments coming to Sydney in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%2011.42.12%E2%80%AFAM.png?VersionId=TSVxw6x4qCOMpQsjBD48HoIAfxiUNiK3" />

Each of the apartments, designed by&nbsp;<a href="/architects/pbd-architects" target="">PBD</a>&nbsp;and with interiors by Woods Bagot, will have three bedrooms, except the sprawling four-bedroom penthouses. Apartment sizes start from over 170 sqm.

The apartments will sit above three new retail tenancies.

There is also expected to be further details revealed about Central Elements' Bondi Beach development. <a href="/news/nsw/first-look-exclusive-central-elements-ultra-luxe-bondi-beach-plans-revealed">Urban revealed the plans</a> for seven luxury residences back in March.

<a href="/developers/central-element">Central Element</a> paid around $50 million for the amalgamated 2,050 sqm site fronting Sandridge and Wilga streets where they're planning two duplex homes and five apartments.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="862157b2-568c-47e4-b2f5-52121dae3044" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-02%20at%208.20.40%E2%80%AFPM.png?VersionId=xB0icPVtoOXSJtLVVtwymqrTZGtmXRvP" />

There's been no word on the Campbell Parade development <a href="/news/nsw/exclusive-first-look-f45-co-founders-bondi-beach-apartment-plans-revealed">submitted by F45 co-founder Rob Deutsche in 2023</a>. An investment vehicle of his filed plans for four luxury apartments above retail at 56 Campbell Parade.

Then there are two other Hall Street developments also planned, one by serial developer Vaughan Blank.

Over two years ago Blank filed <a href="/news/nsw/vaughan-blank-set-for-apartment-development-on-bondi-beachs-hall-street">$9.4 million plans to&nbsp;transform the old Westpac building</a> into a mixed-use precinct.

He's been approved to create a new shop-top housing building, with retail premises on the ground floor of 26-32 Hall Street, and 16 apartments above.

BANG Architecture handled the design of the building, just a stone's throw from the famous sand, which Blank bought for $17 million.

BANG noted in the design statement submitted to Waverley Council that&nbsp;Bondi Beach has seen some impressive developments come to fruition in the past decade. He's certainly not wrong, but the opportunity to develop near the beach is shrinking as Sydney's top developers hone in.

What has been happening in the new and off the plan apartment market in Bondi Beach?

How Bondi Beach has evolved into the most exciting new apartment market in Australia

Rooftop facilities are the way to go on the Gold Coast.

In years gone by, the top of high-rise towers has been reserved for multi-level penthouses, likely with their own private rooftop terraces. That's often the case with more boutique, luxury buildings on the beach.

The mid-sized buildings, however, those that are between around 15 to 25 levels, often don't need a selection of penthouses. They dedicate their rooftop to outdoor recreation for the whole building.

We've had a look at what's on offer up and down the Gold Coast, and which apartment developments have the best rooftop amenity.

<h2>Project: Tapestry</h2>

<h3>Location: 39 Darrambal Street, Chevron Island QLD 4217</h3>

<h3>Developer: Siera Property Group</h3>

Siera Property Group focused on giving the residents in its debut Gold Coast apartment development, Tapestry on <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, a full suite of facilities on its 22nd level rooftop.

The&nbsp;<a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a>&nbsp;rooftop has&nbsp;700 sqm of amenity and features separate recreation zones for residents to relax, connect and engage in the elevated landscape.

[smartcode_project:default project_id=108641 project_image_fid=192964]

The sculptural tower, designed by the local architecture firm BDA, is crowned by a roof terrace with an infinity pool with views across Surfers Paradise, the ocean, river, and Hinterland.

The rooftop is also home to a private dining space and kitchen, which can be closed off, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

Tapestry also provides a network-connected private co-working area, ensuring a productive and comfortable work environment.

[smartcode_project:default project_id=108641 project_image_fid=192963]

Tapestry is Siera Property Group's first foray into the Gold Coast apartment market, having had success for several years developing and building in Brisbane's inner ring.

Tapestry will feature 113 apartments on Darrambal Street when it is completed by Siera's in-house building arm in late 2025.

<h2>Project: Orama</h2>

<h3>Location: 12-16 Weemala Street, Chevron Island QLD 4217</h3>

<h3>Developer: Aniko Group</h3>

Everything about <a href="/developers/aniko-group">Aniko Group</a>’s debut Chevron Island apartment development, Orama, has been created with the intent to provide buyers with the best experience and amenities of any project on the market in the precinct.

“<a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> will exude luxury, from the quality of each residence to the 550 sqm rooftop recreation area comprising a gymnasium, pool, spa, residents lounge and a host of other amenities,” said Aniko Group Managing Director George Mastrocostas.

[smartcode_project:default project_id=111898 project_image_fid=209597]

Orama's other rooftop amenity level includes a yoga and Pilates room, residents' lounge with indoor and outdoor dining options, barbecue facilities, and a fully equipped business centre.

Once complete, Orama will comprise 102 apartments on Weemala Street and include two-bedroom apartments and a range of three-bedroom skyhomes, offering panoramic views over the central Gold Coast skyline.

[smartcode_project:default project_id=111898 project_image_fid=240582]

The project has been so far popular with local downsizers and interstate migrators and is well on its way to a sellout.

<h2>Project: Esprit</h2>

<h3>Location: 217-227 Boundary Street, Coolangatta QLD 4225</h3>

<h3>Developer: S&amp;S Projects</h3>

S&amp;S Projects' under-construction apartment development <a href="/new-apartments/esprit-217-227-boundary-street-coolangatta">Esprit</a> in Rainbow Bay, is delivering the only rooftop wellness club atop residential apartments.

Club Esprit will span more than 1,100 sqm and will feature every wellness and recreational amenity, dubbed as offering an "elite-athlete standard of physical and mental rejuvenation."

[smartcode_project:default project_id=102921 project_image_fid=172174]

There is set to be a&nbsp;25-metre lap pool and poolside cabanas,&nbsp;a fully equipped gym, a yoga lawn, a private remedial treatment room, an ice bath, an infrared sauna, and steam rooms.

The wellness amenity is balanced by an expansive recreational space, including a children’s lawn with play equipment, a private dining room, private terraces, BBQ areas and an outdoor cinema.

<a href="/developers/ss-projects">S&amp;S Projects</a> is currently progressing ahead with the construction of Esprit, which is expected to be completed by the end of this year.

<h2>Project: Monarch Place</h2>

<h3>Location:&nbsp;61-73 Meron Street, Southport QLD 4215</h3>

<h3>Developer:&nbsp;Azzura Development</h3>

Roberto Badaloitt's&nbsp;<a href="/developers/azzura-development">Azzura</a>&nbsp;Development has also focused its amenity on the rooftop of its latest stage of its $1 billion Southport masterlpan, Imperial Square.

Designed by <a href="/architects/kris-kowalski-architects">Kris Kowalski Architects</a>, <a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Monarch Place</a> will introduce the first new retail and commercial tenancies of Imperial Square. Residents of Monarch Place will have access to the Monarch Imperial Club, which includes heated indoor and outdoor pools, a revitalising magnesium pool, a gym, a sauna, a beauty parlour, entertainment rooms, a cinema, a golf simulator, an art studio, library, workshop, bar, and restaurant.

[smartcode_project:default project_id=139546 project_image_fid=289605]

A 1,500 sqm childcare facility will also be available on-site.

There will also be a medical precinct serviced by leading medical specialists and a fully staffed concierge service that will fulfill on-demand yacht charters and helicopter tours to food tours with locally renowned chefs.

Gold Coast apartment developments with the best rooftop amenities

The former Xavier junior school in Brighton is set to become a new housing development, after Sonya Kilkenny MP, Victorian Planning Minister, officially approved the new project by Golden Age Group that was rejected by Bayside Council earlier this year.

The 47 South Road development involves the&nbsp;subdivision of 3.3-hectares at 47 South Road into 14 individual lots, as well as the creation of one super lot. There will be 84 new homes developed across the site.

Damien Hehir,&nbsp;<a href="/developers/golden-age-group">Golden Age Group</a>&nbsp;Development Director, said the development represents a pivotal step forward in providing much-needed housing in Brighton.

"The project will not only enhance the local environment but also contribute to the region’s economic growth and community development.," Hehier said.

Comments from the Advisory Committee Report noted the site "will be sensitively developed and provide an injection of housing into an area that would benefit from opportunities for existing and new residents to potentially downsize”.

The approved plans now include an amendment that provides a new pedestrian path and landscaping to the Hartley Street amenity, responding to the requests from local residents.

"Our vision for 47 South Road is to create a thriving residential community that aligns with the values and needs of Victorians and the local Brighton community," Hehir added.

"We look forward to collaborating with local stakeholders to enhance the neighbourhood and provide outstanding living spaces for future residents.”

Construction is set to commence following final planning and regulatory approvals, with additional details on timelines and development phases to be announced in the coming months.

Victorian Planning Minister approves Golden Age townhouse development in Brighton

Western Sydney developer ALAND set its sights on Gosford just over two years ago, when it secured a prime site on the corner of two of Gosford's best-located streets.

They went about creating <a href="/new-apartments/archibald-by-aland-gosford-108-donnison-street-gosford-nsw-2250">Archibald by ALAND</a>, a mixed-use development comprising both apartments and luxury hotel rooms.

In early 2023, <a href="/developers/aland">ALAND</a> put the shovel in the ground, less than 12 months after purchasing the 5,656 sqm block of land on the corner of Mann and Denison Streets.

After 18 months of building, ALAND Construction has now topped out the two towers, with the honourable NSW Premier Chris Minns the first to congratulate the team at the recent topping out ceremony.

[smartcode_project:default project_id=134670 project_image_fid=215487]

Named after Archibald Acheson, the second Earl of Gosford, Archibald by ALAND features 327 apartments, a 130-room voco® hotel, and six hospitality venues, including the Central Coast’s highest rooftop bar.

Over 95 per cent of the apartments in the development have already sold, marking the project one of the most successful across Greater Sydney for a number of years.

<a href="/developers/aland">ALAND</a> Founder and Owner Andrew Hrsto says the building’s distinctive curved façade was inspired by the white sails often seen on nearby Brisbane Water, a magnet for water sport enthusiasts of all types.

“We wanted to capture the energy and natural beauty of the Central Coast,” Hrsto said.

“The public spaces, apartments and guest rooms also channel that relaxed, coastal lifestyle vibe but with a splash of European sophistication.”

The building is going to contribute significantly to the wider Gosford community with a ground-floor pub with pizzeria and pasta bar, a signature restaurant on level five and a rooftop bar on level 28. Each of the food and beverage tenancies are being curated by top Sydney chef, Dany Karam.

Archibald by ALAND residents will have access to a swimming pool with swimup bar, cleverly located on an outdoor podium level, as well as a state-of-the-art gym.

[smartcode_project:default project_id=134670 project_image_fid=208153]

Hrsto says the $375m Archibald Precinct will not only bring new life and employment to Gosford’s downtown area, but also help to reposition the city as the state’s newest tourist and conference destination.

“There is nothing like this in <a href="/developments/gosford-nsw-2250">Gosford</a>,” he says.

“voco® Gosford will appeal to Sydneysiders looking for a short break, the corporate and conference market and general travelers who want to explore the Central Coast.”

[smartcode_project:default project_id=134670 project_image_fid=208142]

Even before its completion,&nbsp;<a href="/new-apartments/archibald-by-aland-gosford-108-donnison-street-gosford-nsw-2250">Archibald by ALAND</a> was named Australia’s Best Mixed-Use Development at the 2024 Asia Pacific Property Awards.

ALAND CEO George Tadrosse says the Archibald Precinct will do more than just transform the nighttime economy of Gosford, helping to reposition the city as a major new tourism and conference destination.

“Gosford has so much to offer the visitor, such nearby Brisbane Water, magnificent national parks and a string of beautiful beaches,” he said.

“Being located between Sydney and Newcastle, Gosford is also very accessible for both domestic and international visitors.”

[smartcode_project:default project_id=134670 project_image_fid=215491]

Tadrosse says that the Archibald Precinct complements the other major developments, such as the new $63.8m University of Newcastle campus, that are helping to revive the local Gosford economy.

“The six new bars and restaurants are going to bring locals back into the city, while the conference facilities and grand ballroom will provide a venue for events that Gosford has never been able to host before."

Once it is up-and-running, voco® Gosford will employ over 200 people, creating exciting new opportunities for local people who want to pursue a career in catering, hospitality or event management.

“This is the beginning a great new chapter for Gosford,” Tadrosse added.

[smartcode_project_cta:default project_id=134670]

ALAND Founder and Owner Andrew Hrsto said “There is nothing like this in Gosford."

ALAND top out Archibald by ALAND in Gosford

The Carbone family has been developing new apartments across inner-city Brisbane for the best part of two decades.

Their latest development might be their best one yet.

<a href="/developers/carbone-developments">Carbone&nbsp;Developments</a>, led by brothers Tony and Don Carbone, has unveiled Amado, just 30 large-scale apartments across a six-level building in the inner-north suburb of Windsor, a suburb that they're very familiar with.

<a href="/new-apartments/amado-windsor-38-grantson-street-windsor">Amado</a> is the fifth apartment development Carbone has delivered in <a href="/developments/windsor-qld-4030">Windsor</a>, and their second on the tree-lined Granston Street.

[smartcode_project:default project_id=139074 project_image_fid=287526]

The unique triple site, secured in late 2021, is home to a pre-1911, heritage-listed home which will be restored and form part of the development.

Targeting the owner-occupier, Amado is a mix of two and three-bedroom apartments, and two large penthouses spread across the top level with the communal roof top that offers unrivalled panoramic views of Brisbane City.&nbsp;

[smartcode_project:default project_id=139074 project_image_fid=287531]

Amado has been designed by Brisbane locals <a href="/architects/red-door-architecture">Red Door Architecture</a>&nbsp;who&nbsp;drew inspiration from the suburb's creeks and landscapes, as well as the surrounding vernacular houses.&nbsp;

Sustainability has been a key focus in Amado’s design, with allowances for solar panels on the northern portion of the roof.&nbsp;

The building will facilitate natural ventilation through operable windows and large sliding balcony doors, which also provide a seamless transition between indoor and outdoor living.&nbsp;

The rooftop terrace will serve as a communal space, offering residents an outdoor kitchen and dining area, a raised sun deck and pool, plus a lounge area for relaxation, all surrounded by palm springs-inspired greenery.&nbsp;

[smartcode_project:default project_id=139074 project_image_fid=287529]

Amado is strategically located just off Lutwyche Road which runs south into the City. Within walking distance are several parks and Windsor Station, less than 500 metre from the front door, while HomeZone shopping centre is just a short drive.

Carbone Developments is a vertically integrated developer builder, meaning they have their own construction arm. They're forecasting construction completion in mid-2026.

[smartcode_project_cta:default project_id=139074]

Targeting the owner-occupier, Amado is a mix of two and three-bedroom apartments, and two large penthouses spread across the top level with the communal roof top that offers unrivalled panoramic views of Brisbane City. 


First look: Carbone unveil latest Windsor apartment development, Amado

Sunshine Coast builder developer,&nbsp;Habitat Development Group, is bringing more than apartment supply to the small suburb of Birtinya.

At their newest development,&nbsp;St Clair, <a href="/developers/habitat-development-group">Habitat</a>&nbsp;is offering a first-class collection of resort-style amenities at the $150 million <a href="/developments/birtinya-qld-4575">Birtinya</a> apartment development.

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[smartcode_project:default project_id=108399 project_image_fid=230367]

Crowning the pet-friendly St Clair is a communal rooftop terrace enveloped by lush subtropical landscaping with an outdoor kitchen and BBQ facilities. The rooftop deck faces Bokarina Beach towards the east, while the lounge overlooks the hinterland to the west.

A 25-metre resort-style lap pool is on the ground level, featuring a five-metre shallow wading entry adjacent to a BBQ pavilion. A residents' 16-seat dining room with a private outdoor terrace complements the pool for social gatherings.&nbsp;

There's also a 1,000 sqm of exclusive resident parklands with barbecue facilities and a firepit area, as well as direct access to Lake Kawana esplanade, parcel lockers and professional on-site management.

[smartcode_project:default project_id=108399 project_image_fid=230353]

Designed by <a href="/architects/k-architecture">KArchitecture</a>, St Clair, on two side-by-side blocks on Waterfront Retreat, will comprise two eight-level residential towers with 200 two, three and four-bedroom apartments.

[smartcode_project:default project_id=108399 project_image_fid=230357]

There will be a maximum of 13 apartments on each level.

<a href="/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya">St Clair</a>is centrally located within the Sunshine Coast's Health Precinct and is less than a five-minute drive from both Stockland Birtinya Shopping Centre and Bokarina Beach.&nbsp;

St Clair is under construction by <a href="/builders/habitat-construction-group">Habitat Construction Group</a>&nbsp;and is expected to be completed in the first quarter of 2026.

[smartcode_project_cta:default project_id=108399]

St Clair is under construction by Habitat Construction Group and is expected to be completed in the first quarter of 2026

First-class resort-style amenities at Habitat's lakeside St Clair apartments in Birtinya

Dwelling approvals in Western Australia have shown signs of improvement, but this growth in housing supply is unlikely to have a great effect on property prices.

That's the view of Resolve Property Solutions buyers agent, Peter Gavalas.

“There’s been a marked increase in dwelling approvals over the past few months, but this was coming off a low base,”= Gavalas says.

“We still have a significant supply deficit in <a href="/new-apartments/perth-wa">Perth</a> compared to population growth.”

The latest Australian Bureau of Statistics (ABS) data shows a 19.6 per cent improvement in total dwelling units approved between April and May 2024.

[smartcode_project:default project_id=142314 project_image_fid=263304]

Gavalas says population growth remains a key driver.

"Perth has seen significant population increases over the past few years, largely due to its relatively affordable cost of living and economic opportunities compared to other major Australian cities."

Western Australia’s population growth is fueled by interstate migration and a flourishing economy. The state recorded the largest population growth in 2023, up 3.3 per cent, according to the ABS.&nbsp;

“This influx of people continues to outpace the number of new homes being built, maintaining high demand for housing and will continue to do so,” Gavalas added.

Perth has a projected annual growth rate of 1.4 per cent over the next decade, according to the Centre for Population.&nbsp;

Another barrier for new homes is the cost of construction.

"Construction costs have soared, driven by a combination of material price hikes, interest rates and labour shortages," he said.

[smartcode_project:default project_id=142314 project_image_fid=228352]

CoreLogic’s latest residential construction costs analysis shows that, despite a slight improvement in costs, it is still around 30 per cent more expensive to build or renovate now than pre-Covid.

“This is translating into new builds being priced out of reach for a large segment of the market."

Adding to the situation is the fact that the pool of established homes being listed for sale is also smaller. In June 2024, total listings were down 32.2% across Perth, according to SQM Research.&nbsp;

"Homeowners are holding onto their properties, partly due to the uncertainty in the market and the difficulty in finding a new home once they sell. This reduces the overall availability of housing and further intensifies competition among buyers,” he said.

“With fewer homes available for purchase, and little in the way of new builds, it’s no wonder there has been such upward pressure on property prices over the last year.”

[smartcode_project:default project_id=142314 project_image_fid=263312]

Prices in Perth grew 23.6 per cent in the 12 months to June, according to CoreLogic.

But, despite its housing struggles, Gavalas said Perth is still a desirable location for buyers, thanks largely to its affordability. "Compared to the eastern capitals, Perth remains relatively affordable. This continues to attract buyers who are after better value for their money."

This sustained demand from buyers plays off against the slow pace of new supply and the high costs associated with construction.&nbsp;

"Even with more approvals, it would still take time before these properties were built, which means Perth’s supply shortage is unlikely to be solved anytime soon. For this reason, price growth in Perth is unlikely to flatten out in the near future,” he said.

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