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?

First home buyers in Melbourne have a fantastic opportunity to enter the property market, benefiting from some of the most attractive purchasing incentives available in Australia.

Unlike many other states, the calculation of stamp duty in Victoria isn't straightforward. In places like New South Wales, any apartment under a set threshold of $800,000 incurs no stamp duty, effectively excluding most apartments within a 15-kilometre radius of Sydney. In contrast, many one-bedroom apartments in Melbourne’s inner city are priced below $750,000, opening up more possibilities for buyers.

<h2>Why is now an opportunity for first home buyers?</h2>

Currently, first home buyers in Melbourne find themselves in a favorable position, as they are not competing with investors for off-the-plan apartments. While most boutique developments focus on larger two- and three-bedroom units, many high-rise buildings—over 20 levels—feature entry-level apartments that are ideal for first-time buyers.

Moreover, some developers are offering flexible contract terms, including negotiable five percent deposits. There’s also positive economic news, with inflation showing signs of decline, potentially paving the way for the Reserve Bank of Australia to lower interest rates in 2025.

In the off-the-plan market, buyers won’t start paying their mortgage until the apartment is completed. Therefore, it's crucial to consider expected interest rates at that future time rather than the current rates. Market forecasts suggest <a href="/expert-insights/buying/markets-price-in-four-rba-rate-cuts-in-next-12-months-what-it-means-for-the-off-the-plan-apartment-market">four cuts in the next 12 months</a>. When rates decrease, entry-level apartments will become more appealing to investors—who typically have more capital than first home buyers—leading to increased competition.

<h2>What does the data say?</h2>

Data from <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, Apartments.com.au's new data product, indicates strong demand from first home buyers in 2024.

Over 40 percent of inquiries in Melbourne this year have come from this demographic, down from 50 percent in 2023.

This slight decline is primarily due to changing apartment configurations but demonstrates that interest rates have not significantly deterred first home buyers.

<h2>How do I calculate what I can save?</h2>

First home buyers in Victoria can take advantage of two key incentives: the First Home Owners Grant (FHOG) and stamp duty concessions. The FHOG offers $10,000.

Calculating stamp duty can be a bit complex. It’s based on the apartment's price minus the construction cost in the contract. The dutiable value is applicable when this figure is between $600,000 and $750,000, allowing for potential duty concessions.

For the most current information on concessions and eligibility, it's best to visit the State Revenue Office website.

<h2>What can I buy?</h2>

With the high threshold to receive concessions, there are plenty of opportunities to buy all across Melbourne.

We've wrapped up the best opportunities for first home buyers across Melbourne.

<h2>What: Fareham, St Kilda</h2>

<h3>Where:&nbsp;95 St Kilda Road, St Kilda VIC 3182</h3>

<h3>Who:&nbsp;Gamuda Land</h3>

Fareham in St Kilda has a handful of one-bedroom apartments in the 16-level building on St Kilda Road that has been designed to be one of the greenest in Melbourne.

[smartcode_project:default project_id=137950 project_image_fid=281446]

The 73-unit project is set to achieve a 7.5-star NatHERS rating, supported by renewable energy sources and eco-friendly features like EV charging and secure bike parking.&nbsp;

With a focus on integrating nature into urban living, Fareham offers bay views, a communal rooftop, and extensive landscaping.

[smartcode_project:default project_id=137950 project_image_fid=281448]

First-home buyers can benefit from the long construction timeline, offering more time to save, while the energy-efficient design lowers long-term costs.&nbsp;

Prices for one-bedroom units remain competitive compared to the growing Melbourne market.

<h2>What: BLVD at Melbourne Square</h2>

<h3>Where:&nbsp;19 Hoff Boulevard, Southbank VIC 3006</h3>

<h3>Who:&nbsp;OSK Property</h3>

BLVD is the latest addition to Southbank's burgeoning Melbourne Square precinct, offering a 73-level skyscraper with just under 600 apartments.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=214124]

Designed by COX Architecture, it focuses on wellness and connectivity, with extensive amenities such as an indoor pool, gym, sauna, and work-from-home facilities.&nbsp;

BLVD caters to first-home buyers by offering a low deposit requirement and extensive wellness-focused amenities, ensuring comfort and practicality for urban living.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=214126]

One-bedroom units are priced from $611,000.

<h2>What: Melbourne Square</h2>

<h3>Where:&nbsp;93-119 Kavanagh Street, Southbank VIC 3006</h3>

<h3>Who:&nbsp;OSK Property</h3>

OSK Property still has some apartments remaining in an earlier stage of Melbourne Square.

The remaining two and three-bedroom apartments are well-suited for first home buyers looking to secure property in Southbank, where prices start from $769,100 for two-bedroom units.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=200840]

The completed tower includes a range of amenities such as a 50-metre swimming pool, gym, and communal dining spaces.

&nbsp;

<h2>What: FOCUS</h2>

<h3>Where:&nbsp;81 City Road, Southbank VIC 3006</h3>

<h3>Who:&nbsp;Central Equity</h3>

FOCUS offers completed, ready-to-move-in apartments in a 50-level tower in Southbank.&nbsp;

One-bedroom apartments at FOCUS start from $629,000, offering a great entry to the market for first home buyers.

&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=212294]

The development includes amenities such as a heated pool, gym, cinema room, and resident dining areas.

First-home buyers can benefit from the immediate availability of apartments, combined with competitive pricing that qualifies for the First Home Owner Grant.&nbsp;

The central location also makes it an attractive option for those wanting to be near the city's amenities.

<h2>What: Parkhill Apartments, West Melbourne</h2>

<h3>Where:&nbsp;408 Spencer Street, West Melbourne VIC 3003</h3>

<h3>Who:&nbsp;Central Equity</h3>

Parkhill Apartments offer some of the most price-pointed apartments on the market.

The one-bedroom apartments start from $519,000 in the recently completed building on the fringe of Flagstaff Gardens.&nbsp;

[smartcode_project:default project_id=27406 project_image_fid=288622]

The development features a rooftop gym and garden, secure parking, and durable, premium fixtures.

Parkhill’s reasonable price points, combined with its location near education hubs and public transport, make it a strong choice for first home buyers.&nbsp;

First home buyers in Melbourne are in a unique position now as they're not currently competing with investors for apartments

The advantages of buying off the plan apartments for first home buyers in Melbourne

Local developer Andrews Projects has submitted plans for its largest project to date: a $700 million twin-tower development in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Andrews Projects purchased the 5,700 sqm site, two blocks from the beach at <a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise">3006-3016 </a><a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a><a href="/new-apartments/south-beach-surfers-paradise-3006-surfers-paradise-boulevard-surfers-paradise"> Boulevard</a>, earlier this year. It's the well-known Orion Towers site, which had approved plans for two 104 and 73-level towers with 1,100 apartments.

In collaboration with renowned architects Bates Smart, <a href="/developers/andrews">Andrews Projects</a> has completely changed the original design, reducing the density by 65 per cent. The project will now feature two curved 37-level towers with 394 apartments ranging from one to four bedrooms.

<img alt="Andrews" data-entity-type="file" data-entity-uuid="41a57ecd-d39a-42ce-bba6-dbf0f7bc78b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.24%E2%80%AFAM.png?VersionId=K1JMGjeplvu5oNHXnnlg9n.0O5xLJSw9" />

The two residential-only towers will rise above a six-level podium that includes a double-height residents’ foyer, a co-working space for residents, a publicly accessible café opening onto a landscaped outdoor seating area, and four levels of above-ground parking enhanced by cascade planting.

With the growing trend towards wellness and urban bathhouses, residents will have access to state-of-the-art facilities on level six. These include two large outdoor pools, a Hammam, a steam room, plunge pools, saunas, a fully equipped gymnasium, and BBQ picnic areas, all integrated and framed by extensive subtropical landscaping.

The apartments, located from level seven through to level 37, feature&nbsp;wrap-around balconies designed to provide indoor-outdoor living.

<img alt="Andrews" data-entity-type="file" data-entity-uuid="4135ad64-8afb-4db0-b0ff-bdf4978447f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-30%20at%2011.34.28%E2%80%AFAM.png?VersionId=MQOHjPks47rZEs8Le2W2frRWJNi0liox" />

The considered design staggers and rotates the two towers in opposite directions to maximize the number of apartments with beach and river views, with most two and three-bedroom apartments enjoying dual or triple aspects.

Andrews Projects Sales Manager, Sarah Andrews, said the project&nbsp;aims to establish a new residential address that embodies the essence of high-rise coastal living in Queensland’s distinctive subtropical environment.

“We are thrilled to be working with Bates Smart to bring this visionary project to life," Andrews says.

"Over the past few months, we have developed a fresh approach to beachside living, crafting apartments that offer enhanced liveability with abundant natural light, cross-flow ventilation, and dual-aspect living areas."

Andrews says the Gold Coast market&nbsp;is severely undersupplied, and this situation is likely to worsen.

"This project will help meet the demand, and we look forward to working with our construction team and the <a href="/developments/gold-coast-qld">City of Gold Coast</a> to deliver this iconic project.”

Andrews is currently building <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> at Robina, another two-building development. They recently completed Dune <a href="/developments/main-beach-qld-4217">Main Beach</a>.

First look exclusive: Andrews Projects reveal 400 apartment, two-tower development in Surfers Paradise

The garden-focussed approach by developer Milieu at its recently released Elsternwick Gardens community paid dividends at its weekend unveiling, with a significant number of buyers securing their future home.

The VIP open saw a huge uptake of apartment reservations, to a broad range of buyers. Milieu also had some repeat purchasers attend the opening of the display suite.

“Our VIP launch weekend was super successful and we were pleasantly surprised by the response,” Milieu Managing Director Michael McCormack said.

[smartcode_project:default project_id=136535 project_image_fid=288412]

<a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, located on the former ABC Studios site on Gordon Street, has attracted strong interest due to several unrepeatable components, none more obvious than the location of the prime 11,740 sqm site which neighbours the historic Rippon Lea Estate.

<a href="/developers/milieu-property">Milieu</a> leaned into the fact the site shares the boundary with the heritage-listed gardens that surround the 1880s-built mansion, with a private, secure gate that only future residents of Elsternwick Gardens can access.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/0x9H2B5-J0s?si=iI9mmmraDGsWj-0g" title="YouTube video player" width="560"></iframe>

The Rippon Lea gardens informed the landscaping at Elsternwick Gardens.<a href="/architects/woods-bagot"> Woods Bagot</a>, K.P.D.O., and<a href="/architects/flack-studio"> Flack Studio</a> worked to design the six low-rise buildings to be inkeeping with the wider community Milieu had envisioned, with significant separation between the buildings allowing for extensive landscaping and walkways.

[smartcode_project:default project_id=136535 project_image_fid=288420]

The head gardener of Rippon Lea Estate will also oversee the maintenance of the development's landscaping, ensuring continuity between the estate and the new residential precinct.

Milieu's commitment to sustainable design is also evident in Elsternwick Gardens, with all apartments being fossil fuel-free, powered by renewable energy, and equipped with provisions for EV charging and water harvesting systems.&nbsp;

The development also offers a range of amenities, including health and wellness facilities, pet care services, and a hospitality offering, further enhancing the appeal to prospective buyers.

The strong early sales reflect the demand for thoughtfully designed, sustainable living spaces in prime locations.

[smartcode_project:default project_id=136535 project_image_fid=288414]

McCormack says Elsternwick Gardens is a once-in-a-generation opportunity.

“The layers of thought and design within this project, alongside the historical and cultural importance of the site, renders this our most significant undertaking to date," McCormack says.

“This site represents a once-in-a-lifetime opportunity to build something truly special. Our first step was to engage the local community, to get a sense of what they expected. Through that process, we arrived at a design that centres on a fully realised natural landscape – a series of private, interconnected gardens that encircle the homes and extend seamlessly from Rippon Lea Estate.”

After the sales success, Milieu is now looking toward construction in the first half of 2025, with the former ABC Studios building currently under demolition.

[smartcode_project_cta:default project_id=136535]

Milieu Managing Director, Michael McCormack, called Elsternwick a "once-in-a-generation opportunity."

Milieu's Elsternwick Gardens development gains momentum following successful VIP launch

Boutique developer&nbsp;<a href="/developers/arena-property-group">Arena Property</a> has filed plans for its largest tower to date.

Arena, the developer behind the luxury low-rise apartment development Lana Bilinga, is proposing a 28-level building in <a href="/developments/main-beach-qld-4217">Main Beach</a>.

Plus Architecture has designed the tower, named Belle Vie—French for "beautiful life"—to feature two distinct sections, separated by an amenities level on the 18th floor. This facilities level includes a residents' lounge with a games area, a library, and various lounge spaces.

Adjacent to the lounge, is a wine cellar, a private dining room, and an outdoor sunset dining area. This level also offers a dedicated work-from-home space with a boardroom, as well as a 91 sqm gym that includes a Pilates studio, a sunrise yoga deck, and a functional training room.

<img alt="Belle Vie" data-entity-type="file" data-entity-uuid="6e5a1f78-2366-4fbe-b751-48fe4df41ef2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-29%20at%207.41.17%E2%80%AFPM.png?VersionId=0vnPBIPPs9iRTGmwOc0hdnY9MoIu4MGu" />

The levels beneath 18 incorporate 56 quarter-floor, two-bedroom apartments, each with a study or multi-purpose room, while above level 18 are 14 half-floor, three-bed units.

There are two four-bedroom apartments, the three-level penthouses, each with a dedicated home office and its&nbsp;own 120 sqm plus rooftop with a pool, spa, outdoor kitchen, lawn, and firepit area.

There are more amenities on the top of the podium, in the form of a swimming pool with a spa and a wet deck, hot and cold plunges, and a sauna.

The three-level podium, and basement, will have parking for 100 vehicles.

<img alt="Bella Vie Main Beach" data-entity-type="file" data-entity-uuid="b0cad1a5-cfd9-41a5-9d47-7e6a62e1dd34" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bella%20Vie%20form.png?VersionId=yoEEgWYDWZvTCWWMy3ki.JwKPM5u26AM" />

Plus said Bella Vie is situated in a pristine Main Beach location, on an amalgamted 1,010 sqm site at 47-49 Pacific Street, currently occupied by a three-level walk-up with 12 units.

"The site is flanked by two neighbouring tennis courts, providing a rare offering of expansive ocean, river and skyline views across various aspects of the site."

Plus, led locally by Danny Juric, said the building provides the "ultimate escape in luxury barefoot lifestyle."

"Stepping into the lobby from Pacific Street, passing through an under croft of green, residents par take in the experience a lush garden lobby. A tiered podium which is softly sculpted across three levels acts as a landing for planters, addressing the street interface. The podium continues and enhances the existing landscaped streetscape, to provide a rich and welcoming connection with ground plane."

<img alt="47 – 49 Pacific Street, Main Beach" data-entity-type="file" data-entity-uuid="6dac529f-070f-4a8c-bb39-c3740ba80dd7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/47%20%E2%80%93%2049%20Pacific%20Street%2C%20Main%20Beach.png?VersionId=gEtDD9qmEWayLjTwd0NJkK9z0FTB0HBo" />

Main Beach is undergoing a huge transformation from a lifestyle perspective with the redevelopment of the Marina Mirage shopping precinct, the Manta Ray residential and commercial development and Ritz Carlton hotel among several other key developments that will put&nbsp;<a href="/developments/main-beach-qld-4217">Main Beach</a>&nbsp;on the world map.

Jon Drew's Drew Group is working toward a late 2025 completion of <a href="/new-apartments/lagoon-main-beach-11-23-cronin-avenue-main-beach">Lagoon Main Beach</a>, one of the most popular developments in the suburb in the last few years, while Tye Alroe's Alroe Construction has recently launched <a href="/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune Main Beach</a>, just six villa-style apartments opposite Broadwater.

Plus said Bella Vie is situated in a pristine Main Beach location, on an amalgamted 1,010 sqm site at 47-49 Pacific Street, currently occupied by a three-level walk-up with 12 units

First look exclusive: Arena Property seeks first high-rise tower with Bella Vie, Main Beach apartment plans

Luxury penthouses worldwide are often accompanied by exclusive clubs and amenity levels, offering residents of the most premium apartments a heightened sense of opulence and privacy.

Akin to a first class lounge at the airport, these spaces are reserved for those who own apartments at the top of the tower. Only a handful of residents are afforded access.

The likes of some of the world's most recognisable buildings, like One57 in New York, the Burj Khalifa in Dubai, and The Shard in London, offer their more affluent residents the privacy of bespoke amenities and the best views in the building.

The trend has recently made its way to Australia, but not to Australia's priciest capital.

Developers in Melbourne have become wise to it, trying to offer their penthouse buyers that little bit extra.

<a href="/developers/osk-property">OSK Property</a> recently revealed the penthouse collection atop <a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>, the latest stage of its $3 billion&nbsp;Melbourne Square precinct in Southbank.

[smartcode_project:default project_id=107714 project_image_fid=300209]

Residents of the eight penthouses will have exclusive access to the Skye Club Lounge on level 55 of the 75-level building.&nbsp;The Skye Club Lounge will feature a cocktail bar, dining room, and private gym.

The building also offers an extensive range of amenities including private dining rooms, &nbsp;another gym, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a two-level, co-working space.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=211867]

The quarter-floor penthouses, designed by David Hicks, range in size from 180 sqm to 471 sqm. One has already been snapped up for $6 million.

OSK Property Sales &amp; Marketing Director, Ivy Chen, said one significant driving factor of BLVD’s Penthouse Collection design was approaching each quarter-floor residence as an individual home, ensuring each offers a unique living experience that feels more like a standalone home than a bulk apartment dwelling.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=300212]

&nbsp;

Amid over 30 resident facilities in its recently completed R.Iconic development in South Melbourne, <a href="/developers/rcorporation">R.Corporation</a> has reserved a space on level 30 for The Horizon Lounge, exclusive for its Premium Collection residents.

The Premium Collection incorporates the penthouse and subpenthouses, as well as the occupants of the townhouses at the foot of the Plus Architecture-designed building.

[smartcode_project:default project_id=5234 project_image_fid=282598]

The space is home to a relaxed lounge area, dining space, and a commercial-sized kitchen, and a mezzanine meeting area.

The penthouse collection at R.Iconic has too been designed by David Hicks and have large master suites with walk-in wardrobes, kitchens with Mielie appliances and marble islands, and some of the best views in Melbourne, back to the city and out over the bay.

[smartcode_project:default project_id=5234 project_image_fid=298024]

On top of the Horizon Lounge, Premium Collection owners will have access to R.Iconic's plethora of amenity, including a&nbsp;one-acre rooftop podium with an outdoor running track, a heated pool, and outdoor gym facilities.

The podium also includes two dining pavilions, BBQ spaces, a zen garden, and a playground. Also within the building is a cinema, karaoke room, and a 24/7 concierge service.

[smartcode_project:default project_id=5234 project_image_fid=233904]

&nbsp;

<a href="/developers/kokoda-property">Kokoda Property</a> has released the exclusive penthouses atop the striking glass buildings. has just released the penthouses atop the <a href="/new-apartments/malvern-collective-2-station-place-malvern">Malvern Collective</a>, their two-tower, mixed-use development next to Malvern Station.

<h3>&nbsp;</h3>

<h3>&nbsp;</h3>

&nbsp;

The 19 apartments in the Penthouse Collection will spread across the highest levels of the two glass buildings that protrude from the new hospitality precinct Kokoda is putting the final touches to.

[smartcode_project:default project_id=147169 project_image_fid=301052]

Residents of the Penthouse Collection will benefit from exclusive access to The Collective Club, which offers hotel-style amenities such as a penthouse-exclusive lounge, dining room with a wine cellar, infinity pool, private cinema, gym, spa, and BBQ facilities.&nbsp;

A New York-style concierge service is available seven days a week, offering conveniences like dry cleaning, pet walking, and personalised assistance, further elevating the living experience.

[smartcode_project:default project_id=147169 project_image_fid=301059]

Malvern Collective is slated for completion in the coming months, with buyers to move in shortly after.

Carr's Chris McCue said the Penthouse Collectionis a&nbsp;pure concept that’s international in feel and yet totally appropriate to the local context.

"Experience unparalleled views of the bay and mountains at this world-class address, made for Malvern."

The likes of some of the world's most recognisable buildings, like One57 in New York, the Burj Khalifa in Dubai, and The Shard in London, offer their more affluent residents the privacy of bespoke amenities and the best views in the building

Inside the exclusive clubs and lounges reserved for Melbourne penthouse buyers

Brisbane's Bulimba is undergoing a bit of a renewal phase.

Boutique developer Engage Group is the latest developer to join the transformation, submitting new apartment plans for the riverside suburb.

They're planning a boutique shoptop housing development at 102 Oxford Street, just four apartments above a street-level shop which will complement the mixed-use offerings on Oxford Street. 
 
<img alt="Bulimba" data-entity-type="file" data-entity-uuid="1bfe4289-ea70-4be9-ad9c-915ba16f2610" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2011.56.59%E2%80%AFAM.png?VersionId=FofqXGuNDWe7EA5LfmzhQsaeQh2xbXPL" />

<a href="/architects/dah-architecture">DAH Architecture</a>&nbsp;has put together for the building on a vacant 610 sqm site that is just down the road from the Bulimba ferry terminal and opposite Bulimba Memorial Park.&nbsp;&nbsp;

Each apartment will have three bedrooms and four bathrooms, as well as tandem parking for each unit. The two upper-level apartments have their own private rooftop terraces with a terrace, outdoor kitchen, firepit area, and plunge pool.

<img alt="Bulimba" data-entity-type="file" data-entity-uuid="1b4c4f03-b921-4f8e-90c7-5b0343cf6615" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2011.57.09%E2%80%AFAM.png?VersionId=3nbwgoV.d9vuNvPBCklWCZoH1G5MOgx3" />

&nbsp;

&nbsp;

Bulimba has long been a sought-after suburb in Brisbane, particularly known for its large, modern houses. It is now undergoing a transformation, with a wave of new apartments and new commercial developments driving its growth.

Earlier this year Shayher Group <a href="/news/qld/first-look-exclusive-shayher-group-file-for-first-stage-of-bulimba-barracks">revealed the first stage</a> of its multi-stage masterplanned development, Bulimba Barracks.

The first stage is for two low-rise apartment buildings with <a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">69 apartments on Apollo Road</a>, separated by a laneway from the fabrication workshop which will be restored.

Also this year, Bellevue Queensland <a href="/news/qld/rare-opportunity-to-buy-on-the-brisbane-river-as-apollo-bulimba-apartments-launch">launched Apollo Bulimba</a> on the riverfront Byron Street, just 12 apartments, while down the road architect cum developer Joe Adsett has <a href="/news/qld/first-look-exclusive-joe-adsett-partners-with-zephyr-group-for-luxury-bulimba-apartment-development-palais-bulimba">teamed up with Zephyr Group</a> to deliver 13 apartments.

Bulimba has long been a sought-after suburb in Brisbane, particularly known for its large, modern houses. It is now undergoing a transformation, with a wave of new apartments and new commercial developments driving its growth.

First look: Engage to deliver luxury apartments to Bulimba's Oxford St

Recent off the plan property purchaser Ray Foo has a strategy when he's buying apartments off the plan in Sydney.

"I'll always draw a five-minute walk radius around a development, to calculate its proximity to transport connections, mainly train or metro stations," Ray said.

"I do this from both an investment and liveability standpoint.

"My view is those developments that are well connected to the rest of Sydney will enjoy greater returns in both price growth and rental yield. I also look at the walk radius for when I live in the apartments, so I have an easy and convenient route into the city."

It was with this method, as well as extensive knowledge of the reputation of developer <a href="/developers/hyecorp-property-group">Hyecorp</a>, that led Raymond to purchase a two-bedroom apartment in <a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>, Hyecorp's new apartment development in Roseville.

[smartcode_project:default project_id=7395 project_image_fid=278193]

Comfortably falling into Ray's criteria, Juliet is located across the road from <a href="/developments/roseville-nsw-2069">Roseville</a> Station, a 25-minute commute into the Sydney CBD.

"You can't get a better location," Ray said.

"Not only are you across the road from the station, you're on the top of a hill and next to a park. It will be hard for another development to rival this location in Roseville."

Read more:&nbsp;Juliet: <a href="/news/nsw/juliet-one-of-the-most-connected-apartment-developments-in-the-leafy-roseville">One of the most connected apartment developments in the leafy Roseville</a>

[smartcode_project:default project_id=7395 project_image_fid=278205]

The Juliet purchase represented an upsize for Ray, who bought his first property, also off the plan, a few years ago in his early 20s. That apartment was in&nbsp;Billbergia's Rhodes Central a few years ago, another well-connected development to transport near Rhodes Station.

Ray said off the plan gives much more flexibility for a first home buyer than a purchase in the established market.

"The percentage required for a deposit when buying off the plan allows first home buyers to avoid relying on the 'bank of mum and dad,' which is often necessary in the established market," Raymond explained.

"You pay a 10 percent deposit—an amount that is achievable to save up for. Instead of settling on the property in six weeks, as is common in the established market where you must pay the remaining 10 percent of the deposit, you have years to accumulate that money. While saving, you're not paying any progress payments or other fees, and your asset is often growing in value over that period."

[smartcode_project:default project_id=7395 project_image_fid=278200]

It was 2016 when Hyecorp identified the prime Pacific Highway site, home to the Roseville RSL Club, as where they wanted to create not only a new apartment development, but rejuvenate the RSL which&nbsp;had been a fixture next to Memorial Park since the 1930s.

Hyecorp worked with both the Roseville community and local council to come up with Juliet, just 35 apartments that will sit above a redesigned ground floor club that will be more fine-dining than sticky floors with tired decor.

<a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>&nbsp;offers a point of difference in a suburb dominated by larger family homes, with very little supply of new apartments. Less than a third of housing in&nbsp;<a href="/new-apartments/roseville-nsw-2069">Roseville</a>&nbsp;is apartments, and of those, only 30 per cent have more than two bedrooms.

Ray took part in Urban's&nbsp;<a href="/news/buyer-qa">Buyer Q&amp;A series</a>, which focuses on the driving factors behind&nbsp;<a href="/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="">buying off the plan</a>&nbsp;property in Australia.

[smartcode_project_cta:default project_id=7395]

What led upsizer Ray Foo to buy an apartment at Hyecorp's Juliet in Roseville: Urban Buyer Q&A

Rose Bay has long stood as one of Sydney's most prestigious Harbour suburbs, attracting those seeking both postcard views and a vibrant lifestyle.

Price growth has been consistent, solidifying its reputation in the trophy market, highlighted by a record house sale that reached $45 million in 2021.

Historically, the new apartment market in <a href="/new-apartments/rose-bay-nsw-2029">Rose Bay</a> has been virtually non-existent, leaving locals with limited options: either relocate from the suburb they love or downsize to an older apartment in a building constructed decades ago.

However, a shift is underway. The new apartment market is beginning to flourish, offering fresh opportunities for buyers.

Last year, Rose Bay recorded 69 house sales exceeding $3 million, compared to just 29 unit sales, according to CoreLogic. However, that gap is narrowing; as of 2024, there have already been 36 house sales over $3 million and 32 unit sales, signaling a growing supply and increasing interest in new apartment living.

Indeed that is reflected in the data from MatterFact, the new data from Apartments.com.au.

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Apartments.com.au. There was a 48 percent increase in searches from June to July, with last month’s search volume reaching its highest level since April 2023.

The metrics driving new apartments in Rose Bay are largely influenced by the high cost of land, the cost heightened due to Rose Bay's proximity to the beach and the harbour, its charming village atmosphere, and the prestigious Royal Sydney Golf Club, one of Australia’s most exclusive golf courses and host of the Australian Open.

While land prices are high, new apartments can command premium prices due to the strength of the local housing market and the relative undersupply in the new apartment sector.

Generally, most new developments tend to have anywhere between 10 to 15 apartments, given the strict height limits in place by the Woollahra Council.

The newest apartments in Rose Bay come from the likes of regular Eastern Suburbs developers Stargate Property and Fortis.

Builder-developer Stargate is nearing completion of its Everose development on Old South Head Road.

Only recently launched to market, Everose comprises 26 two and three-bedroom apartments with outdoor garden courtyards or terraces and kitchens kitted out with&nbsp;premium V-Zug appliances.

[smartcode_project:default project_id=113391 project_image_fid=277970]

<a href="/developers/fortis">Fortis</a> is soon to start welcoming buyers to its completed Atlas development on Spencer Street.

Recently completed by <a href="/builders/lords-group">Lords Group</a>, <a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a> has just 12 apartments designed by MHN Design Union.

Fortis is already working on its fourth multi-residential development in Rose Bay. Last month, Urban revealed the development arm of Pallas Capital lodged plans for its recently acquired Ian Street site.<img alt="Fortis" data-entity-type="file" data-entity-uuid="e67d85e4-9123-4311-8983-278550d7cf93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%209.44.14%E2%80%AFAM_0.png?VersionId=Dq_i3_UCtaUTxGQXGSGZFXXCh__9sLNK" />

They're planning 12 apartments, 11 three-bed and one two-bed, across a five-level building at 10-12 Ian Street. They've had&nbsp;<a href="/architects/mhn-design-union">MHN Design Union</a>&nbsp;handle the architecture again.

Read more:&nbsp;<a href="/news/nsw/lords-group-to-bring-scaffolding-down-at-fortis-atlas-in-rose-bay">First look exclusive: Fortis plan new Rose Bay apartments</a>

One of the most exciting developments Rose Bay has seen in years looks set for the fringe of the Royal Sydney Golf Club.

<a href="/developers/orosi">Orosi</a>, a fully integrated developer with its own construction and architecture arms, will be developing a part four, part five-level building on the corner of The Avenue, Old South Head Road, and William Street.

<img alt="Orosi" data-entity-type="file" data-entity-uuid="1f11577c-ef7d-4e9d-9f9f-70fd8bea5adf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-27%20at%2010.00.15%E2%80%AFAM.png?VersionId=86DuGR5PD9ZhXrqbJjKmZKYaeIg6FeMM" />

On offer for buyers will be 50 two and three-bedroom apartments. The unrepeatable site spans over 3,000 sqm.

The apartments will sit above a new vegan cafe, restaurant, and a commercial space that will act as the display suite during construction, before turning into Orisi's new office on completion.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-orosi-plan-rose-bay-shoptop-on-key-gateway-site">First look exclusive: Orosi plan Rose Bay shoptop on key gateway site</a>

Rose Bay has emerged as the most searched suburb in the Eastern Suburbs over the past three months on Urban.com.au

Downsizers finally start to get their chance in Rose Bay as new apartment supply grows

The power of Latent Defects Insurance isn't lost on anyone in the development industry.

Latent Defect Insurance, or LDI, is the new<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market"> groundbreaking insurance policy</a> being rolled out in Australia by Resilience Insurance. The insurance, which has been around for over seven decades globally, provides off the plan apartment buyers with a 10-year warranty for structural and waterproofing defects on both their new apartment and the building it's situated in.&nbsp;

Developers are benefitting from the policy because they're seeing increased sales rates in some cases, as well as higher value sales, and they're covered financially should any structural defects occur within their building.

But most importantly, by taking out the policy, they're protecting their buyers interests. Buyers don't have to look too further into the policy to see their benefits.&nbsp;

On settlement, they get a 10-year insurance, paid for by the developer, which completely covers them should there be any issues with the structural integrity of the building. The fact the building has Latent Defects Insurance means there's a stronger chance this shouldn't happen, with regular third party inspections to ensure the build is being undertaken correctly.

&nbsp;

Now project marketers, those who are selling the apartments, are becoming fully aware of the power of having Latent Defects Insurance has on the development industry.

Ray White Western Sydney Projects Managing Director, Mark Bernberg, says LDI is "simply the greatest thing to happen to a buyer's peace of mind."

"First off - it's insurance of first resort. Unlike car insurance where they first have to determine fault, and then they will start the payout process, LDI pays out first and then looks for where the problems are," Bernberg says. 
 
"To combat this, and to be even more proactive, they have a stringent Technical Inspection Service (TIS) that essentially makes developers and builders jump through hoops and over hurdles to ensure the building is built right, first time, every time, thus preventing major defects and having to pay out on them."

Bernberg is marketing Marque Rockdale, the latest development by financial services firm turned apartment developer, Princeton.

[smartcode_project:default project_id=136442 project_image_fid=277072]

<a href="/new-apartments/marque-rockdale-602-608-princes-highway-rockdale">Marque Rockdale</a>&nbsp;will comprise just 58&nbsp;one, two, and three-bedroom apartments,&nbsp;a handful of which will be SOHO apartments (Small Office Home Office), a hybrid apartment/workspace that will bring a vibrant atmosphere to the street level.

The seven-level building will also feature a communal rooftop herb garden with over 100 sqm of break-out space, a barbecue area, a children's play zone, a pergola-shaded dining area and integrated seating.

&nbsp;

[smartcode_project:default project_id=136442 project_image_fid=277073]

"The fact that Resilience Insurance first verify the builder and developer to ensure they meet their customer criteria, should also bring great comfort to the mind of the buyer," Bernberg added. 
 
"If a building has the LDI product then you know it is being built right, from the start through to the finish, and then peace of mind for another decade. That has intrinsic value, and our clients are building that value into their purchasing decisions."

Read more:&nbsp;<a href="/expert-insights/building/the-advantages-of-first-resort-strict-liability-latent-defects-insurance-for-off-the-plan-property-buyers">The advantages of first resort, strict liability, Latent Defects Insurance for off the plan property buyers</a>

Marque is being built by iCIRT rated builder <a href="/builders/coplex">Coplex</a>&nbsp;who has already started construction. Marque Rockdale is slated for completion in mid-2025.

[smartcode_project:default project_id=136442 project_image_fid=277075]

&nbsp;

Speaking with <a href="/developers/princeton">Princeton</a> CEO George Gaddallah earlier this year, he said having Latent Defects Insurance is a "no brainer" going forward.

"We are committed to providing certainty to our purchasers by utilising the best-in-class products that provide peace of mind and warranties for any defects," Gadallah says.

To find out more about Resilience Latent Defects Insurance, <a href="/news/resilience-latent-defects-insurance">click here</a>.

[smartcode_project_cta:default project_id=136442]

Ray White Western Sydney Projects Managing Director, Mark Bernberg, says LDI is "simply the greatest thing to happen to a buyer's peace of mind."

Princeton gives assurances to Marque Rockdale purchasers with 10-year Resilience Latent Defects Insurance

Damgar Group’s Rosella apartment development in Murrumbeena is set to bring a new level of architectural design to the area.&nbsp;

Rosella consists of 70 one, two and three-bedroom apartments, half of which have already been snapped up.

We recently visited the display suite at 109 Poath Road, just a few doors down from the active construction site, to get a closer look at what's on offer at Rosella.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FGX_3mJQ-Q8?si=f681hDP2d_Qkv3AG" title="YouTube video player" width="560"></iframe>

Each apartment has been thoughtfully designed to maximise natural light and livability, with spacious balconies and expansive terraces perfect for entertaining or everyday living.

James Gray from Progresio, the development partner at Rosella, says the idea behind Rosella was to create something Murrumbeena simply hasn't seen before.

&nbsp;

&nbsp;

"We brought in the renowned team from Cera Stribley Architects who created something instantly recognisable."&nbsp;

[smartcode_project:default project_id=142221 project_image_fid=288651]

Cera Stribley Architects mirrored the curves of the nearby Hughesdale train station underpasses, blending Rosella into its local surroundings. Inside, the apartments continue this curved aesthetic with unique interior walls, setting them apart from more traditional designs.

Residents can expect high-end finishes throughout, with integrated Miele appliances, stone benchtops, and stylish gunmetal grey tapware in the kitchens.

[smartcode_project:default project_id=142221 project_image_fid=288652]

Rosella's location is a key selling point. It’s a one-minute walk to Hughesdale train station, offering residents a quick 20-minute commute to Melbourne's CBD.&nbsp;

Nearby, residents can enjoy the convenience of Chadstone Shopping Centre, Australia’s largest retail hub, just a short drive away.

Damgar Group expects Rosella to be completed by late 2025.&nbsp;

[smartcode_project_cta:default project_id=142221]

James Gray from Progresio, the development partner at Rosella, says the idea behind Rosella was to create something Murrumbeena simply hasn't seen before

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