<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?

The <a href="/developers/roche-group">Roche Group</a> has secured approval for its mixed-use development in <a href="/developments/lilyfield-nsw-2040">Lilyfield</a>, marking a significant milestone for the prime site at 469-483 Balmain Road, opposite Callan Park.

The approved plans allow for the construction of 89 apartments, 6,000 sqm of flexible employment space, and 1,200 sqm dedicated to creative purposes on the 6,824 sqm site. Five per cent of the residential units will be allocated for affordable housing.

The development will include six residential buildings, comprising 22 studio apartments, 40 two-bedroom apartments, and 27 three-bedroom units.&nbsp;

<img alt="Roche Group submit plans for impressive Lilyfield mixed-use development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202023-07-06%20at%201.38.06%20pm.png?VersionId=1ko3Bkod_csZb3AXiS_KEGmL2eEfzo3D" />

The proposal also features the creation of a publicly accessible area, Bakers Square, situated behind the existing historic bakery building on the site.

The project aims to enhance the industrial employment offerings in the area, support the local artistic community, and introduce new urban living opportunities.

Designed by the architecture firm <a href="/architects/chrofi">CHROF</a>I, the development will blend residential and industrial spaces, fostering a community where people can live and work.

The design includes a 'Super Shed' and a 'Small Shed,' each carefully articulated to ensure good access to outlook, daylight, and ventilation.

<img alt="Roche Group submit plans for impressive Lilyfield mixed-use development" 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%202023-07-06%20at%201.25.37%20pm.png?VersionId=_2Zp2ydNRFYmTIMw9Ihl9d7BIJsYc7ge" />

These structures, along with the retained character buildings from the early 1900s, are intended to create a cohesive and vibrant precinct that connects new and old architecture.

The heritage impact statement prepared by NBRS notes that while the character buildings have undergone significant modifications over the years, they remain an important aspect of the site’s history.&nbsp;

The two-storey brick structures, originally constructed for the Pilchers Bakery Company, will be preserved as part of the development, maintaining a link to the area's industrial past.

With the approval now in place, the Roche Group's vision of a dynamic mixed-use precinct in Lilyfield is set to contribute to the ongoing revitalisation of the area.

[smartcode_project_cta:default project_id=140909]

Designed by the architecture firm CHROFI, the development will blend residential and industrial spaces, fostering a community where people can live and work

Roche Group approved for Lilyfield mixed-use development

Pentridge Prison in Coburg has been a hive of activity in recent years, ever since the large 60-hectare site was carved up and sold to developers.

Melbourne developer Salvo is the latest to reveal plans for the southern portion of the former prison that ceased operations in 1997.

<a href="/developers/salvo">Salvo</a> spent $34 million to acquire a significant 1.9-hectare holding in 2021, on which they're planning a $1.2 billion mixed-use development with a&nbsp;highly activated public realm, community spaces and integrated retail amenities that reflect the rich history of the site and <a href="/developments/coburg-vic-3058">Coburg</a> character, along with reimagined multi-residential spaces.

The site borders Pentridge Boulevard, Urquhart St, Warden’s Walk and Stockdale Avenue and currently encompasses private lots including the current Pentridge Cellars building, abandoned retail spaces and east-west pedestrian links.

<a href="/architects/dko-architecture">DKO</a> has outlined an initial vision for the&nbsp;state-significant site that includes iconic heritage assets such as Ned Kelly’s grave site, original bluestone F Division building and walls surrounding former exercise yards, and a historic mural by Indigenous artist Ronald Bull.

<img alt="Salvo breaks shackles on checkered history of Pentridge Village with plans to transform iconic site" data-entity-type="file" data-entity-uuid="1ec3878a-80b4-4e2e-a5d9-45b4431fbdfd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Pentridge%20Village_Ground%20Plane.png?VersionId=7wNnzl.v5CLV5gLgR7Rn7RyR4rYisKju" />

The precinct includes numerous titles subject to various planning controls including the Pentridge Village Masterplan 2008 which allows for mixed-use development including retail, community and multi-residential comprising permits for around 650 apartments.

Salvo Managing Partner James Maitland said the site is one of Melbourne’s most significant infill projects that required a carefully considered design response in terms of the site’s heritage, complexity and cultural significance.

<img alt="Salvo breaks shackles on checkered history of Pentridge Village with plans to transform iconic site - Roma Lunchtime" data-entity-type="file" data-entity-uuid="11ab6e5b-8acc-4814-bb19-5aed5a455796" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Pentridge%20Village_Via%20Roma%20Lunchtime.png?VersionId=zU.6XKNVnn.0oZSU7xnlCNaOKr9ci4VW" />

“DKO demonstrated a deep understanding of the site and surrounding precinct which has critical heritage, planning and design considerations and a distinct neighbourhood character," Maitland said.

“We’re delighted with their preliminary ideas that are responsive to the significance of the heritage assets in terms of their preservation and adaptive re-use, and ensuring highly liveable residential outcomes combined with activated, open public spaces and substantially enhanced amenity for the broader community.

“We see this site as a significant opportunity to provide additional housing in a well-serviced location within 7.5km of the CBD, particularly given the Victorian Government’s target to build 80,000 homes over the next decade."

Jesse Linardi, Design Director at DKO said the transformative project presents a significant opportunity to reconnect and revitalise the southern portion of the iconic Pentridge site.

<img alt="Salvo breaks shackles on checkered history of Pentridge Village with plans to transform iconic site - community amenity" data-entity-type="file" data-entity-uuid="27bb2373-f979-4f49-87e1-5ef501f5ab0d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Pentridge%20Village_Community%20Amenity%202.png?VersionId=zkOr08CYYkSB6vywe70Wt7AGxMXcVk2g" />

“The prison is rich in history, strong in presence and unique in character,” Linardi said.

“Key principles underpinning our exploratory design response considered the heritage, program and liveability of the precinct, with activated, open spaces that are demographically and contextually driven and provide a diverse tapestry of urban experiences for residents, the community and visitors alike."

The next step in the five-plus year project involves extensive consultation with key stakeholders including Merri-bek city council, State Government planning authorities, Heritage Victoria and surrounding residents as part of a comprehensive engagement and planning process.

Established in 1851, Pentridge Prison has housed some of Australia’s most notorious criminals including Ned Kelly, Squizzy Taylor, Market ‘Chopper’ Read and Julian Knight.

Adjoining the site on the northern part of the overall precinct is an established retail and residential hub including a hotel, cinema, shopping mall, restaurants, cafes, apartments and townhouses, developed by <a href="/developers/shayher-group">Shayher Group</a>. Developer <a href="/developers/pace-development-group">PACE</a> is also nearing completion on 312 apartments.

Pentridge Coburg is part of Salvo’s $3 billion development pipeline, which includes a $1 billion four-tower, mixed-use development at Fisherman’s Bend and <a href="/new-apartments/moray-house-42-moray-street-southbank">Moray House</a>, a <a href="/news/vic/first-look-salvo-set-to-launch-southbank-apartment-tower-moray-house">$220 million multi-residential development</a> in Southbank. It also has $1 billion in projects including commercial, industrial and mixed-use sites in Victoria and NSW.

Established in 1851, Pentridge Prison has housed some of Australia’s most notorious criminals including Ned Kelly, Squizzy Taylor, Market ‘Chopper’ Read and Julian Knight. It was closed in 1997

Salvo plans $1.2 billion mixed-use redevelopment of Coburg's Pentridge Prison

Sherpa Property Group is set to serve up three luxury house and land packages on the site of an underutilised tennis court in the heart of the Gold Coast, following its approval from Gold Coast City Council.

Freedom Vantage is located on a 915 sqm site at 45 Labrador Street, one row back from the dress circle Marine Parade.

The architecturally designed homes, built by Yellowfin, take influence from Sherpa's success of <a href="/buildings/freedom-rainbow-bay-199-203-boundary-street-coolangatta">Freedom Rainbow Bay</a>, 16 freestanding homes in the popular southern Gold Coast pocket. They have three or four bedrooms and private pools.

<img alt="Freedom Vantage, Broadwater living room" data-entity-type="file" data-entity-uuid="2ef797ba-e056-46bb-8838-6e7bbfb7649f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freedom%20Vantage_Living%20Room.jpg?VersionId=p5GEw8L71mREzwuuXjmIsg.Z7FDJkGvY" />

General Manager of Sherpa, Daniel Clarke said that Freedom Vantage is the epitome of the Sherpa brand, consistent with its less is more ethos.

“The future of housing lies in thoughtful, compact designs that maximise space on small lots and minimise environmental impact, and we’re confident that this is exactly what will be delivered in Freedom Vantage," Clarke says.

“This approval brings us one step closer to contributing much needed housing demand while preserving the characteristic charm of this location."&nbsp;

<img alt="Freedom Vantage, Broadwater terrace" data-entity-type="file" data-entity-uuid="29d773cb-be3e-4fa3-a63e-6d44dc1708db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freedome%20Vantage_Terrace.jpg?VersionId=sERLiCliEOFV_4R9Y5vEhZ1eSuYs.Dvn" />

Both upsizers and rightsizers are expected to be the type of buyer at Freedom Vantage. Prices range from $1,585,000 to $1,699,000.

<a href="/developers/sherpa-property-group">Sherpa Property Group</a> has a strong portfolio of projects along the Gold Coast including its most recently completed <a href="/buildings/perspective-on-albatross">Perspective on Albatross</a> and recently commenced <a href="/new-apartments/perspective-nexus">Perspective Nexus</a>.

Having completed 11 projects on the Gold Coast over the past six years, Sherpa is progressing plans for other sites with a view to create premium living spaces that meet the requirements of discerning buyers looking for a relaxed coastal lifestyle.

Both upsizers and rightsizers are expected to be the type of buyer at Freedom Vantage. Prices range from $1,585,000 to $1,699,000.



Sherpa to develop three luxury homes on former Labrador tennis court

Just a week after announcing the site acquisition for its second Gold Coast apartment development, MRCB has revealed what it intends to do with the prime Southport site.

They've filed for a 20-level apartment building at 20 Queen Street, a 1,743 sqm site currently occupied by the Sundale Motel that sits in Precinct 3 of the Southport Priority Development Area.

The&nbsp;<a href="/developments/southport-qld-4215">Southport</a>&nbsp;tower will home 180 one and two-bedroom apartments, a configuration mix rarely seen in the Gold Coast market.&nbsp;

The development falls in line&nbsp;with the Queensland Government’s Homes for Queenslanders and the Australian Government’s National Housing Accord, aiming to contribute to addressing the national housing crisis by adding much-needed housing stock in a rapidly growing region.&nbsp;

<img alt="Southport" data-entity-type="file" data-entity-uuid="5187b62b-a51d-4be4-8b24-d33645153869" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-27%20at%208.56.13%E2%80%AFAM.png?VersionId=kn.iESyw36jJvXjT5T7_KCX65c_aiD14" />

There will be 92 one-bedroom and 88 two-bedroom apartments.

The design, spearheaded by <a href="/architects/plus-architecture">Plus Architecture</a>, emphasises vertical expression with textured facades and a soft, natural colour palette.&nbsp;

The building’s podium, rising three to four levels, will accommodate car parking, a communal recreation deck, and various resort-style amenities, including a pool, gym, sauna, and barbecue areas.&nbsp;

Extensive landscaping will be integrated throughout the podium levels, contributing to the building’s aesthetic appeal and providing a garden-like environment at a pedestrian scale.

<img alt="MRCB" data-entity-type="file" data-entity-uuid="a5637c6d-4fbf-4de3-9f41-8bdaf34de2a9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-27%20at%208.56.01%E2%80%AFAM.png?VersionId=BqtA9VP_fJGd7BwBWcVVW.C2ywf6y_ol" />

The site’s prime location in Southport offers proximity to Broadwater Parklands Station and various bus routes, enhancing connectivity for future residents.&nbsp;

The Town Planning Report by Urbis noted the 63-metre building height is an uplift from the 43-metre building approved in 2016. Back then, that height of building was deemed as "high-rise".

"Taking a holistic approach to the assessment of the proposed building height, it is clear that the proposal aligns with the overarching intent of the Development Scheme, as well as providing a superior design outcome that advances the envisaged character for Precinct 3."

A pre-lodgement meeting was held with council officers in July.

<img alt="MRCB" data-entity-type="file" data-entity-uuid="e5b64c13-97e6-4d83-baa9-31a2a4f91de7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-27%20at%208.55.33%E2%80%AFAM.png?VersionId=pPQR75kW3CUUe9QjLo6wo1C_hS4EgDHt" />

<a href="/developers/mrcb" target="">MRCB</a>&nbsp;International Sales and Marketing Director, Kevin Zhang, said the&nbsp;Southport development is aimed at capitalising on the prime location.

“The north-facing apartments will have unobstructed views of Broadwater, while residents will also enjoy easy access to all the popular dining, entertainment and shopping precincts of the central Gold Coast right at their doorstep, with access to the light rail.”

The development will mark MRCB's second <a href="/developments?title=gold+coast">Gold Coast apartment development</a> after the $500 million <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise apartment development</a>, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

26 Vista, named after its location on Vista Street just off Northcliffe Beach, will rise 51 levels and home 280 apartments.

<a href="/developers/mrcb">MRCB</a>&nbsp;International is a wholly owned subsidiary of publicly listed urban property and infrastructure developer Malaysian Resources Corporation Berhad (<a href="/developers/mrcb" target="">MRCB</a>).

MRCB International Sales and Marketing Director, Kevin Zhang, said the Southport development is aimed at capitalising on the prime location

MRCB targets untapped affordable Gold Coast apartment sector with new Southport tower

The ambitious $900 million redevelopment of Tweed Shopping Mall has received concept approval, setting the stage for a significant transformation of the site into a mixed-use precinct.&nbsp;

The approved masterplan encompasses a vast 178,601 sqm area at <a href="/new-apartments/36-bay-street-tweed-heads">36 Bay Street</a> and 16-32 Wharf Street in <a href="/developments/tweed-heads-nsw-2485">Tweed Heads</a>,&nbsp;just south of the NSW-Queensland border.

The redevelopment will introduce 13 new buildings, each with a maximum height of 15 levels, including nearly 1,400 residential units comprising townhouses and apartments.&nbsp;

The project will also feature extensive commercial, retail, and recreational facilities, ensuring a diverse and vibrant environment for both residents and visitors.

&nbsp;

<img alt="Staged $900 million redevelopment set to transform Tweed Shopping Mall" 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%202023-06-23%20at%2011.34.52%20am.png?VersionId=Ob6ujTkmt.Cz25oTw4HcP5FwFscZ4f65" />

Central to the master plan is the integration of open spaces and public domains, with 24,665 sqm dedicated to green areas and 4,156 sqm to landscaping, which will enhance the aesthetic appeal and promote sustainability within the precinct.&nbsp;

Over 45,000 sqm of retail space will be anchored by three supermarkets and a fresh food market, catering to everyday shopping needs while promoting a healthy lifestyle.&nbsp;

Additionally, a 52-key hotel will be built on the site, covering 4,537 sqm, further boosting local tourism and supporting the economy.

The project also includes more than 14,000 sqm of office space, a medical centre, a cinema complex, a gym, a child care centre with a capacity of 200 children, and a wellness centre.&nbsp;

The development is designed to integrate seamlessly with the existing road network, introducing a new street and pedestrian network to facilitate smooth traffic flow and enhance accessibility.

<img alt="tweed" data-entity-type="file" data-entity-uuid="be735921-0697-46c8-8d83-5917d53a2668" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-27%20at%208.42.34%E2%80%AFAM.png?VersionId=gU58qtRE_LT5RMDu7K0n8S0VC8x0f1TV" />

The Tweed Shire Council granted deferred commencement approval in mid-June, aligning the project with the strategic vision for the Tweed CBD.&nbsp;

This approval marks a critical step forward in the revitalisation of Tweed Heads, positioning the area for continued growth and modernisation.&nbsp;

Elanor Investors Group's master plan aims to create a sustainable, integrated town centre that meets the growing demand for housing and aligns with modern consumer preferences for living, working, and leisure spaces.

The redevelopment of Tweed Shopping Mall reflects broader trends in the region, where similar projects are reshaping the landscape.

This approval marks a critical step forward in the revitalisation of Tweed Heads, positioning the area for continued growth and modernisation

$900m plans to reshape Tweeds Heads secure approval

Owner-occupiers looking for a new apartment in Brisbane's inner suburbs have taken to Chermside's Estilo on the Park, the newest development by the family run developer builder, Gardner Vaughan Group.

The new development on Kittyhawk Drive,&nbsp;flanked by the expansive 73-hectare Seventh Brigade Park and one of the largest Westfield shopping centres in the southern hemisphere, was a hit with first home buyers earlier this year, who made up over half of the enquiry on Apartments.com.au. They were drawn to the apartments that offered over 100 sqm on title, with two bedrooms and two bathrooms.

Over 95 per cent of enquiry has come from owner-occupiers. More recently that demographic has shifted to the rightsizers and downsizers who have identified the three and four-bedroom apartments that range in size from 182 sqm to 280 sqm.

[smartcode_project:default project_id=100682 project_image_fid=285061]&nbsp;

<a href="/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>&nbsp;comprises three towers. Lujosa and Belleza are both sold out, while Esencia, which homes 50 of the 122 apartments in the three-building project, was released to the market at the start of 2024.

Each apartment in Esencia features open-plan living spaces extending to large entertainer's balconies.

The kitchens are fitted with integrated European appliances and stone benchtops, while the large master suites feature walk-in wardrobes and en suites with double vanities, imported tiles and designer tapware.

In a conscious effort to cater to the work-from-home trend, some apartments have a private study space or a home office.

[smartcode_project:default project_id=100682 project_image_fid=186914]

Apartments at Esencia will sit above four commercial and retail tenancies, likely to home a cafe.

Residents will also have access to a rooftop terrace with indoor and outdoor dining, in addition to several relaxation zones, a central outdoor pool, and landscaped gardens.

<a href="/developers/gardner-vaughan-group">Gardner Vaughan Group</a>&nbsp;is approaching the final stages of construction, with the building nearly topped out. They're expecting residents to move into Esencia in early 2025.

[smartcode_project_cta:default project_id=100682]

Gardner Vaughan Group is approaching the final stages of construction, with the building nearly topped out

Owner occupiers seek larger apartments, target Chermside's Estilo on the Park

Aqualand&nbsp;has broken the North Shore record for the highest sales revenue achieved in one week at its recently completed North Sydney apartment development, AURA by Aqualand.

The integrated developer-builder has sold $40 million worth of apartments in the luxury Walker Street building that was <a href="/news/nsw/aqualand-officially-opens-landmark-north-sydney-apartment-development-aura-by-aqualand">officially completed in late June</a>.

<a href="/developers/aqualand-australia">Aqualand</a> expects to break the record again in the coming weeks as sales momentum continues to ramp up. They saw over $100 million in sales in February 2024, the most in a single month since the&nbsp;<a href="/developments/north-sydney-nsw-2060">North Sydney</a> tower was launched in December 2021.

[smartcode_project:default project_id=30959 project_image_fid=292862]

Aqualand has been a record-setter in the North Shore before, at its luxury&nbsp;<a href="/buildings/blue-at-lavender-bay-61-lavender-street-milsons-point">BLUE at Lavender Bay</a>&nbsp;development where they sold a penthouse for around $9 million in 2018, the highest price paid for an apartment at the time in the region. That was then broken a few weeks later with a $10.5 million sale.

Aqualand’s Head of Sales and Marketing, Alex Adams, said contracts were exchanged across all configurations at&nbsp;<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>,&nbsp;including one, two, three and four-bedroom residences.

“It’s been interesting that no particular product has outperformed the others, with sales evenly spread across all apartment types," Adams said.

"Every aspect of the building is selling extremely well, which proves our product offering perfectly reflects buyer demand."

Adams believes the increase in buyer commitment that week reflected the building’s recent completion, as well as the ongoing evolution of North Sydney, with the long-awaited opening of the Victoria Cross Station and broader Sydney Metro, as well as the opening of AURA’s four world-class hospitality outlets in the new Walker Street Precinct; Genzo, Sol Bread and Wine, Una Providore and Soluna.

[smartcode_project:default project_id=30959 project_image_fid=292863]

“Our market campaign was also amplified leading up to AURA’s completion, resulting in enquiries over the past six months from potential buyers who weren’t yet ready to transact, reengaging with the project and returning to buy," Adams added.

“We also know the change to our buyer journey moving our display showroom into the completed building, was well worth the significant investment, as they can now directly experience the completed building firsthand. They can see the build quality in the new showroom, and when we take them up into the stunning display apartments, the build quality and high-level of finishes is reinforced in their mind, instils confidence in us leading to increased conversion. These apartment tours have been heavily booked, and with all the amenities finished, they can see it offers the best quality in the Sydney market.

“Given most buyers are owner-occupiers, with downsizers being overtaken by more and more families leading the buyer demographic, there is a select number of luxury buyers less likely to transact on off-the-plan projects and wait until they can experience the build quality, materials and attention to detail firsthand. They’re conscious they’ll experience the building on a daily basis, so they need reassurance the quality and lifestyle offering we’ve delivered is exactly as promised."

[smartcode_project:default project_id=30959 project_image_fid=292866]

Adams said there are more families choosing to right-size into a three-bedroom apartment, and now downsizers,&nbsp;who initially led the charge of sales, are starting to come back, resulting in more four-bedroom sales around the $7 million mark.

“We know one main reason downsizers held back is because they had to sell their family home with little security around what they could sell for. However, the housing market has been more stable recently and values have increased, so this has provided more confidence, especially with interest rates stabilising as well. This provided more time to list their homes until they got the price they wanted.

“There’s still also a distinct lack of competition, with the ongoing shortage of project approvals due to council rejections, and hence other developers not submitting plans, which results in fewer options for purchasers of luxury property."

[smartcode_project:default project_id=30959 project_image_fid=292884]

Towering 28 storeys above the streetscape, and commanding extensive views of Sydney Harbour, the&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>-designed mixed-use residential community comprises 386 luxury apartments above a community precinct that includes a two-level curated food and beverage podium with four world-class venues operated by their hospitality business, Etymon Projects.

Residents are set to benefit from an elevated luxury lifestyle with amenities including a dedicated concierge service, wellness centre with gym equipped with world-leading fitness technology brand TechnoGym, pool and spa, as well as a rooftop with a sun deck, private dining spaces, and a barbecue and kitchen space.

[smartcode_project_cta:default project_id=30959]

Aqualand’s Head of Sales and Marketing, Alex Adams, said contracts were exchanged across all configurations at AURA by Aqualand, including one, two, three and four-bedroom residences

AURA by Aqualand sees record sales week as Sydney's luxury new apartment market ramps up

Perth is set for one of Australia's largest urban renewal projects with the landmark $3.8 billion development of the Belmont Racecourse Precinct.

<a href="/developers/golden-sedayu">Golden Sedayu</a>&nbsp;recently revealed&nbsp;<a href="/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a>, a 38-hectare masterplan that will bring 4,500 apartments and a significant amount of amenity and hospitality to the immediate area surrounding the racecourse.

Buyers have now been given the first chance to buy in Burswood Point, with the release of apartments in the first two towers, Somerset East and Somerset West.

[smartcode_project:default project_id=142314 project_image_fid=263313]

Part of the first two towers is a suite of amenities&nbsp;including a 20-metre infinity pool with views towards the Swan River, an observation deck with private views of the racetrack and Optus Stadium, and a wellness centre.&nbsp;

The first tranche of retail and hospitality will also feature in this stage.

With everything going on at Burswood Point, we went to visit the display suite at 1 Saintly Entrance, <a href="/developments/burswood-wa-6100">Burswood</a>, to delve into the first stage of this 20-year project.

<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/QBKkNbxwSZY?si=fV5NySPiHQRBnTpr" title="YouTube video player" width="560"></iframe>

[smartcode_project_cta:default project_id=142314]

Inside Burswood Point: Urban's display suite tour

Buyers have jumped at the opportunity to become among the first to secure an apartment in the first apartment release at Melrose Central, the new multi-stage masterplan by Deicorp and PAYCE in the transformative Melrose Park urban renewal project.

CBRE took 40 deposits on the opening launch of the display suite at <a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>&nbsp;which will deliver a new community in the heart of the new Melrose Park Town Centre, on the edge of the Parramatta River. It will comprise around 500 apartments set above 30,000 sqm of retail and commercial space.

[smartcode_project:default project_id=134220 project_image_fid=289883]

CBRE Residential Project Managing Director, David Milton, says Melrose Central represents great value for buyers.

"Our two-bedroom, two-bathroom apartments are priced under $1 million. If you go to any of the neighbouring suburbs, you can't get that kind of value," Milton suggests.

Milton says the buyer pool has been diverse, with first home buyers, local owner-occupiers, and even investors purchasing.

[smartcode_project:default project_id=134220 project_image_fid=289894]

Since the bumper sales day at the weekend, CBRE has signed several more contracts, taking sales closer to 50.

Designed by <a href="/interior-designers/turner-studio">TURNER STUDIO</a>, the $700 million Melrose Central is a key component of the 55-hectare Melrose Park North Urban Renewal Precinct near the Parramatta River.

Melrose Central is positioned to offer residents the convenience of living near a major shopping centre, parks, and open spaces, all within proximity to the planned Parramatta Light Rail.&nbsp;

The development will include six buildings, each with its unique design elements, rising above a five-level podium that will house a Coles supermarket, specialty stores, health and wellness facilities, and various retail and hospitality venues.&nbsp;

[smartcode_project:default project_id=134220 project_image_fid=289887]

Work on the site has already begun in February, and stage one will see the construction of the podium and three of the six buildings, with completion expected by mid-2027.&nbsp;

The remaining three buildings will follow, culminating in a development that will contribute to the broader Melrose Park precinct which in total will deliver around 6,000 apartments to Sydney's chronically undersupplied housing market.

The Melrose Park urban renewal project has been eight years in the making, with initial planning discussions dating back to 2016.&nbsp;

[smartcode_project_cta:default project_id=134220]

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

Melrose Central apartments fly off the shelves at weekend launch

Lendlease&nbsp;has confirmed to its shareholders that it will again team up with&nbsp;Mitsubishi Estate Asia on a new development in Sydney's Eastern Suburbs.

The much-publicised site at 1 Darling Point Road had been owned by international development company Anka Property, who for years had&nbsp;been in discussion with the Woollahra Council for the 1,748 sqm site opposite the Edgecliff Centre and Edgecliff Station.

Despite initially being refused by the council back in 2021, they backflipped on the design earlier this year, paving the way for the tower which is nearly four times the area height limited.

Anka then decided to sell the 1,700 sqm site, on the corner of New South Head Road and Darling Point Road.&nbsp;<a href="/developers/lendlease-development">Lendlease</a> and&nbsp;Mitsubishi Estate Asia is now planning a&nbsp;mixed-use, residential-led scheme with associated amenities and commercial and retail spaces, subject to planning approval. Anka had planned a 12-level building with around 40 apartments.

<img alt="Darling Point" data-entity-type="file" data-entity-uuid="2b7c41d4-3b7b-4cf2-8100-e94d25637f13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-22%20at%2011.24.27%E2%80%AFAM.png?VersionId=T_YTjahY9OLlek8EvfkfjTUkoQudWOAl" />

The 50/50 joint venture marks the sixth project <a href="/developers/lendlease-development">Lendlease</a> and Mitsubishi Estate Asia&nbsp;have undertaken together. Previous ventures include <a href="/new-apartments/one-sydney-harbour-6-watermans-quay-barangaroo">One Sydney Harbour</a>, <a href="/new-apartments/one-circular-quay-1-alfred-street-sydney">One Circular Quay</a>, Sydney Place, and <a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands">Melbourne Quarter’s East Tower</a>.&nbsp;

Construction is earmarked to start on the development in 2026.

Tom Mackellar, CEO of Development Lendlease, said the&nbsp;acquisition supports the strategic growth of their development pipeline in Australia.

“We look forward to working alongside our trusted development partner, Mitsubishi Estate Asia, to deliver high-quality housing to this highly connected and sought-after neighbourhood in Sydney’s Eastern Suburbs.”&nbsp;

Head of Australia, Mitsubishi Estate Asia Head of Australia,&nbsp;Yuzo Nishiyama, said the&nbsp;highly strategic investment that Mitsubishi Estate Asia has made with Lendlease will capitalise and extend on the strong success they have shared together in Sydney’s luxury residential market. &nbsp;

It also reinforces our commitment to do more with our partners in sectors that deliver attractive risk-adjusted returns for our Australian business. We look forward to making more investments in Australia’s residential market to help address the prevailing supply shortage.”

Tom Mackellar, CEO of Development Lendlease, said the acquisition supports the strategic growth of their development pipeline in Australia

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