<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?

Sydney-based Oracle Estates has submitted plans for a two-tower apartment project in Brisbane's Spring Hill.

The development at&nbsp;25 Fortescue Street will bring 252 apartments to the burgeoning&nbsp;<a href="/developments/spring-hill-qld-4000">Spring Hill</a>&nbsp;market. The development, at 25 Fortescue Street, will accommodate&nbsp;social and affordable housing.

Tower 1, dedicated to social housing, will rise 14 levels and include 115 apartments, with a mix of 74 one-bedroom, 39 two-bedroom, and two three-bedroom units.&nbsp;

Tower 2, focused on affordable housing, will reach 15 levels and contain 137 apartments, consisting of 24 studios, 73 one-bedroom, 38 two-bedroom, and two three-bedroom units.

The development will also feature 115 parking spaces distributed across two basement levels.

<img alt="25 Fortescue Street" data-entity-type="file" data-entity-uuid="4c018f73-64ca-4fbf-b79d-904f3fe8304f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/25%20Fortescue%20Street.png?VersionId=d2FBCIpfXDPKSE_YDdGBdeari6FzKh0Y" />

Designed by <a href="/architects/rothelowman">Rothelowman</a>, the architectural style of the development is described as a bold subtropical expression, characterised by order, rigour, and simplicity.

"The design seeks humility in its respect for the daily life of future residents. A clear focus on the way in which people will live within this place allows for an outcome that prioritises liveability, functionality, longevity and care; design enabling a simple way of life."

Symmetry and repetition in the building's plan and elevations contribute to a timeless aesthetic, while textured vertical panels and reflective glazing add to the building's visual appeal.

<img alt="25 Fortescue Street laneway" data-entity-type="file" data-entity-uuid="e16bf882-c2ff-41ba-9251-96ea1ae720da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/25%20Fortescue%20Street%20Laneway.png?VersionId=iYAaERQnuOiGXvhCIm5vXMN3zuNpuC_M" />

The development also includes a newly created laneway connecting Little Edward Street and Fortescue Street, serving as both a connective and communal space.

"The masterplan for the site seeks to create a sense of communal engagement. The newly created laneway acts as both a connective space but also a collective one."

This laneway will function as a lobby, play area, garden, work zone, and gathering space, fostering communal engagement and a sense of collective ownership among residents.

Commercial spaces along Little Edward Street,&nbsp;, likely cafes and restaurants, will enhance the street frontage.

Twin apartment towers pitched for Spring Hill

Since its completion two years ago, The Grand Residences in Eastlakes still stands as the newest apartment development in the gateway suburb to Sydney's East.

With the final apartments recently being released to the market, we went down to <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a> to talk to its residents and find out what it's like to live in the development.

[smartcode_project:default project_id=7652 project_image_fid=262590]

There's been a mix of owner-occupiers over the years.

Peter, an interior designer, has been at The Grand Eastlakes since it was completed two years ago, while Prateek had been a tenant in the building before recently purchasing a unit as a rentvestor.

<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/lIoP_MoLzy8?si=BRxJS9rPleS0f0be" title="YouTube video player" width="560"></iframe>

Both owners talked to the quality of what developer Crown Group has created at The Grand Residences, as well as the extensive facilities in the building and the prime location, offering access to Sydney's best beaches and the thriving cafe and dining hubs of Rosebery and Newtown.

Another resident praised the convenience and accessibility of The Grand Residences, noting its proximity to essential amenities such as cafes, supermarkets, and public transport.&nbsp;

Read more:&nbsp;<a href="/news/nsw/the-prime-eastern-suburbs-location-of-the-grand-residences-eastlakes">The prime Eastern Suburbs location of The Grand Residences, Eastlakes</a>

[smartcode_project:default project_id=7652 project_image_fid=262599]

McGrath Projects, and Crown Property Agency, are marketing the final apartments available in The Grand Residences. They've been popular so far with first home buyers, owner-occupiers, and downsizers.

Read more:&nbsp;<a href="/news/nsw/how-the-grand-residences-eastlakes-apartments-stack-up-for-investors">How The Grand Residences, Eastlakes apartments, stack up for investors</a>

[smartcode_project_cta:default project_id=7652]

McGrath Projects, and Crown Property Agency, are marketing the final apartments available in The Grand Residences

Why I bought an apartment in The Grand Residences, Eastlakes: Urban buyer testimonial

In the heart of <a href="/developments/newcastle-west-nsw-2302">Newcastle West</a>, iCIRT-rated developer <a href="/developers/gwh">GWH</a> is crafting a new architectural icon, ONE Apartments on National Park Street.

The under-construction development offers expansive floor plans that are 20 per cent larger than the local market average, catering to a diverse range of homeowners.

Designed by the renowned <a href="/architects/marchese-partners">Marchese Partners</a> in collaboration with local firm CKDS, <a href="/new-apartments/one-apartments-newcastle-west-1-national-park-street-newcastle-west">ONE Apartments</a> consists of two towers, rising 22 and 19 levels, and connected by a four-level podium housing commercial spaces.&nbsp;

[smartcode_project:default project_id=24247 project_image_fid=281096]

With construction underway at ONE Apartments, we visited the onsite display suite on One National Park Street and spoke to&nbsp;GWH's Peter Kunov and George Araujo to find out more about the development.

<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/Auz9mk1aIhw?si=dEkXpV64j62wFaS1" title="YouTube video player" width="560"></iframe>

ONE Apartments&nbsp;will feature 193 one, two, and three-bedroom apartments, each offering open-plan living areas that extend to private winter gardens. These spaces provide residents with stunning views of Newcastle Harbour, Stockton, Merewether, and the Watagan Mountains.

Future residents will have the option to choose between light and dark colour palettes, featuring natural, earthy tones. The interiors are designed with premium finishes, and the kitchens are equipped with top-of-the-range Smeg appliances, blending style and functionality.

Residents will enjoy access to an outdoor heated pool, a state-of-the-art gym, a sauna, a private Ultra HD cinema, and a bookable private function room.&nbsp;

[smartcode_project:default project_id=24247 project_image_fid=281101]

The development also boasts two all-weather rooftop entertainment areas: the Scenic Lounge on the 22nd floor of the South Tower and the Harbourview Lounge atop the 19th floor of the North Tower. These spaces provide 360-degree views of Newcastle, perfect for hosting gatherings or relaxing.

ONE Apartments is within walking distance from Darby Street eateries, parks, the Civic Theatre, Newcastle Interchange, the Honeysuckle foreshore precinct, and various retail stores.

[smartcode_project_cta:default project_id=24247]

Inside ONE Apartments, Newcastle's newest apartment development: Urban's display suit tour

The Grand Residences in Eastlakes in the Eastern Suburbs of Sydney, is the very last development by Crown Group.

The developer’s track record for delivering quality, the Eastern Suburbs gateway location of the project, and the price vs return proposition, are drawing the eye of investors, who have largely been out of the market in the last few years across the country.&nbsp;

It takes a product and an offering like <a href="/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a> to bring an investor into the market in this interest rate environment.&nbsp;

Selling agents McGrath Projects and CPA have been fielding interest from both savvy property investors and mum and dad investors since releasing the final apartments in the building – apartments that were held back from sale when the trio of buildings above The Grand Shopping Centre were launched to market in 2018.

We’ve crunched the numbers to see how The Grand Residences stacks up for investors.

<h2>Rental Return*</h2>

The Grand Residences is already home to a diverse mix of owner-occupiers and investors, the latter of whom have been afforded a rare opportunity to secure yields not often seen in the apartment market in Sydney, whether they bought off-the-plan in 2018, or are buying now.

Investors eyeing a one-bed apartment should see a tenant pay between $650 to $700 per week, which, on a purchase price of between $735,000 and $790,000, would bring a minimum gross yield of 4.6 per cent for an investor.

[smartcode_project:default project_id=7652 project_image_fid=262584]

A recent sale within the building – a two-bed, 1.5 bath apartment with a single carspace for $865,000 – was subsequently placed onto the rental market to take advantage of the current rental demand. Within 14 days a tenant was secured at $950 per week, representing a 5.7 per cent gross yield based on the sale price.

This is just one example of the great opportunities available to investors at The Grand Residences.

*The rental return is an estimate based on market research and weekly rents already achieved in the building.

<h2>Depreciation Estimates*</h2>

On top of the strong rental returns, low vacancy rates across Sydney and the anticipated price growth based on the historic performance of Eastern Suburbs property, there are significant depreciation benefits for investors.

Indicative One Bed + Study Tax Depreciation Claimable*

BMT Tax Depreciation reports show the minimum tax depreciation could be around $378,000, an estimate which typically spans for an ownership period of 40 years. The first depreciation estimate is around $16,500 in the first year of ownership, and steadily declines year on year to be around $9,000 by year 10. The maximum depreciation for a one-bed plus study over the same period could be $462,000, with depreciation of the asset starting at over $20,000 in the first year.&nbsp;

Indicative Two Bed Tax Depreciation Claimable*

Depreciation for two-bedroom apartments could be $476,000 over 40 years of ownership, the first year of ownership being a $19,000 deduction at a minimum. The maximum could be $582,000, a first year depreciation of $23,000.

* Please obtain independent advice from a qualified tax accountant based on your personal circumstances

<h2>How does depreciation work?&nbsp;</h2>

Depreciation of an investment apartment refers to the decrease in value of the property over time due to wear and tear and aging of the asset. This concept is important in accounting and taxation because it allows property owners to account for the gradual deterioration of their asset and claim tax deductions as a result.

In practical terms, depreciation recognises that buildings and structures used for income-producing purposes, such as rental apartments, lose value as they age and are used. The depreciation process allows owners to recover the cost of the property over its useful life through annual deductions on their tax returns. This deduction is typically calculated based on the initial purchase price of the property, excluding the cost of land, and spread out over a predetermined period.

[smartcode_project:default project_id=7652 project_image_fid=262581]

From a financial standpoint, depreciation provides a way to offset taxable income generated by the rental property, thereby reducing the owner's overall tax liability. It's a non-cash expense, meaning the property owner doesn't actually spend money annually but rather reduces their taxable income by a calculated amount based on the property's depreciation schedule.

This accounting practice helps investors maintain cash flow while accounting for the long-term decline in the property's value.

<h2>Why The Grand Residences Eastlakes</h2>

The biggest two factors when property investors assess the viability of a new asset are yield and depreciation. The third factor is potential price growth, which is more difficult to forecast. That’s more often done on past performance, and based on both potential development uplift in the area, and a scarcity of stock. 
Eastlakes is a hidden gem that has preserved its charm over the past decade, with limited redevelopment. The Grand Residences Eastlakes stands out as a notable addition to the area, being one of the few new apartment buildings recently completed. The suburb offers a unique opportunity for future growth with ample potential for new developments.

There is also further redevelopment expected next door which will likely see the southern section of the old <a href="/developments/eastlakes-nsw-2018">Eastlakes</a> Shopping Centre transformed into a new mixed-use precinct. If that vision materialises, that will lift the value of The Grand Residences.

[smartcode_project:default project_id=7652 project_image_fid=262598]

With the significant increase in construction costs since COVID-19, driven by material and labour costs, as well as the cost of land, the new apartments will have to be priced significantly higher than what The Grand Residences is currently being offered for.

The Grand Residences was completed in 2022 and won the prestigious Urban Taskforce Australia Development Excellence Award.&nbsp;

McGrath Projects Director, Adam Sparkes, says the building offers incredible value for every cohort of buyers looking at the Eastern Suburbs.

“The building is achieving strong rental yields for the area, and since completion two years ago, properties have been tightly held. The opportunity to buy at this price point and in this location isn’t likely to come around again.”

[smartcode_project_cta:default project_id=7652]

On top of the strong rental returns, low vacancy rates across Sydney and the anticipated price growth based on the historic performance of Eastern Suburbs property, there are significant depreciation benefits for investors

How The Grand Residences, Eastlakes apartments, stack up for investors

Brisbane's affluent suburb of Kangaroo Point is going through a development boom.

The riverside suburb immediately south of the Story Bridge is having its time in the sun, with several developers creating varying levels of density in the area.

The latest application is for a 22-level building at 51 Darragh Street which will home 65 apartments. Like most apartments being offered in <a href="/new-apartments/kangaroo-point-qld-4169">Kangaroo Point</a>, they are targeted at the owner-occupier. There are 58 three-bedroom apartments proposed and seven four-beds.

The apartment sizes on offer will be generous. Internally, the three-bedders start from 129 sqm, with a further 26 sqm balcony. The largest apartments span 239 sqm internally and have balconies as large as 67 sqm.

<img alt="f" data-entity-type="file" data-entity-uuid="39777a2d-68df-421e-9677-d4470871d22c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-09%20at%2011.57.22%E2%80%AFAM.png?VersionId=rZj7lYT0JaN6obYhrn3ExL8vhlr4a9DB" />

&nbsp;

&nbsp;

Each apartment is designed by <a href="/architects/peddle-thorp-architects">Peddle Thorp Architects</a> to offer significant river and city views, with a large, north-facing balcony providing ample outdoor living space, good shading in warmer months, and excellent solar access in winter.

Occupying a 1272 sqm site, the development dedicates over 73 per cent of its area to recreation and landscape spaces.&nbsp;

Ground level facilities include two tennis courts (one covered), a 25-metre lap pool, and shady lawns surrounded by deep planting areas and the retention of established hedges on the eastern and southern frontages.&nbsp;

These amenities are intended for both the development's residents and those living in the Dockside precinct.

A public through-site link will be provided via a stair and lift to access the tennis court and gym and a pergola designed to block views to the dock from the adjacent building.

<img alt="Kangaroo Point 22-storey apartment development" data-entity-type="file" data-entity-uuid="0b90a67b-dbc2-43b2-be76-04d4d189092f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Darragh%20St%20podium.png?VersionId=aTdnZpbXvJnYtDTc_4EXA2weJ3rSul1n" />

There is also a small public coffee shop with external seating and a poolside bar table area enhancing the streetscape.

The rooftop offers another 600 sqm of recreation space. That includes a large swimming pool, covered lounge areas, a 'sunset lounge' with city views, a covered BBQ area with river views, a sunny play lawn, and an exercise area with an outdoor exercise lawn.&nbsp;

<img alt="g" data-entity-type="file" data-entity-uuid="6d33d0a6-d27e-415a-97bc-9897119706ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-09%20at%2011.56.56%E2%80%AFAM.png?VersionId=1.ujN0tTYuK5bFoV0qLup22viVQ629ip" />

Kangaroo Point has been a hive of activity in the last 12 months.

<a href="/news/qld/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast">Pikos Group</a> relaunched Skye Residences, 69 luxury apartments across two buildings connected by a sky bridge on the corner of River Terrace and Main Street.

Pikos is also soon to launch <a href="/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point">Gaia</a>, a further 215 apartments across three 15-level buildings at 108 Lambert Street. The development will also create a full acre of inner-city parklands.

More boutique developments have seen huge success recently. <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>, on the dress circle Hamilton Street, recently <a href="/news/qld/sorano-house-kangaroo-point-penthouse-breaks-brisbane-record">smashed the price per square metre record</a> for Brisbane.

Each apartment is designed by Peddle Thorp Architects to offer significant river and city views

mikah.m@urban.com.au

First look: Kangaroo Point apartment boom continues with new 22-level tower plans

Hampton's Service Street offers everything that attracts home owners to Melbourne's Bayside.

The tree-lined street sits in a quiet pocket of Hampton, connected to the heart of Hampton where there's the station, shops, and most importantly, the beach.&nbsp;

There's been no new apartment developments on Service Street in decades. Local developer <a href="/developers/noetic-places">Noetic Places</a> identified the 860 metre street as where they wanted to craft something similar to Reunion Place which they developed on the nearby Linacre Road.

Noetic Places, led by Stephen Barrow Yu, worked diligently with local community groups and council to produce something the neighbourhood could be proud of, and something that would have a positive impact on the area.

The recently launched apartment development, Noetic Place, has been designed by <a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;to feature a stepped facade that is designed to offer privacy from neighbouring properties while blending seamlessly with the street's layout.&nbsp;

Noetic Place is located on a 3,662 sqm site toward the western end of Service Street, just 400 metres to the intersection of Service Street and Hampton Street which serves the focal point of the suburb.

In the heart of <a href="/developments/hampton-vic-3188">Hampton</a>, Noetic Place is an eight-minute walk to Hampton Station, where from there is a 20-minute train into the Melbourne CBD.

[smartcode_project:default project_id=134934 project_image_fid=277893]

Hampton's picturesque coastline, with its sandy beaches and cliff-top lookouts, offers year-round enjoyment for swimmers, walkers, and nature enthusiasts.

Hampton Street serves as the bustling heart of the neighbourhood, featuring an array of specialty stores and eateries. Residents can enjoy fresh produce from the local grocer, baker, gourmet delicatessen, juice bar, and fruit market, all just moments from home.

The retail strip of Hampton Street is also home to a diverse selection of boutiques and amenities. From local designer goods and homewares to antique stores and lifestyle activities such as yoga and day spas, Hampton Street caters to a wide range of interests and needs. This vibrant hub is a short walk from Noetic Place, making it a convenient destination for daily essentials and leisurely pursuits.

Families will find several reputable education options within proximity to Noetic Place. Schools such as Hampton Primary School, Sandringham Primary School, St. Mary's School, Sacred Heart School, and St. Leonard's College are all within 800 metres of Hampton Street, providing a variety of choices for quality education.

[smartcode_project:default project_id=134934 project_image_fid=277880]

Noetic Place itself comprises 33 large-scale two and three-bedroom apartments spread across three levels.

The development also prioritises green spaces, with local landscape architect <a href="/landscape-architect/eckersley-garden-architecture">Eckersley</a> retaining established trees on-site and introducing curated pockets of local and native flora.&nbsp;

Construction by&nbsp;<a href="/builders/vcon-builders">VCON Builders</a> on Noetic Place is set to commence later this year, with completion staged for 2025.

[smartcode_project_cta:default project_id=134934]

The peaceful heart of Hampton: Around the tree-lined location of Noetic Place

Deicorp has launched its first apartment project in Rhodes, as the prominent developer continues to expand its footprint Sydney-wide.

The new development, <a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>, will bring 212 apartments to the heart of <a href="/developments/rhodes-nsw-2138">Rhodes</a>, directly connected to Rhodes Central shopping centre and within walking distance of Rhodes Train Station.

Named after its positioning on the corner of Marquet and Mary streets, the 32-level tower has been designed by&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;following a design excellence competition.

[smartcode_project:default project_id=141515 project_image_fid=287869]

There are one, two and three-bedroom apartments on offer, each with views of either east back to the Sydney skyline, or west to the Blue Mountains.

True to Deicorp's vision of not only creating a tower but instead creating a community, the apartments will sit above a four-level podium that will include commercial and retail space. Residents will also have access to a rooftop terrace and garden, as well as another courtyard garden.

[smartcode_project:default project_id=141515 project_image_fid=287859]

Deicorp’s Chairman, Fouad Deiri OAM, said the landmark building will bring much-needed new homes to the heart of Rhodes.

“Designed by one of Australia’s leading design practices, FK, Marquet &amp; Mary delivers on Deicorp’s business values of strong design and high-quality amenity,” Deiri said.

FK Partner Craig Baudin said Canada Bay City Council's swift approval of the development application underscores the recognition that this project goes beyond simply providing much-needed housing.

[smartcode_project:default project_id=141515 project_image_fid=287867]

The design by Fender Katsalidis was selected by the City of Canada Bay Council Design Jury for its elegant internal apartment planning, tripartite vertical rhythm of the facade, and human-scaled design of the podium.

The central courtyard will provide light and natural ventilation, while a new public plaza at the southern entrance and a landscaped laneway with active retail use on the ground level aim to connect the greater Rhodes area.

[smartcode_project_cta:default project_id=141515]

Deicorp launch latest Sydney apartment development, Marquet & Mary in Rhodes

Bayside specialists&nbsp;<a href="/developers/lowe-living">Lowe Living</a>&nbsp;is continuing to pad out its new apartment pipeline.

Lowe Living, led by Tim and Emma Lowe, has filed $17 million plans to the Bayside Council for a new Cera Stribley designed development on a 2,730 sqm block at <a href="/new-apartments/31-35-alicia-street-hampton-east">31-35 Alicia Street</a> in <a href="/developments/hampton-east-vic-3188">Hampton East</a>, near Linacre Private Hospital and closer to the sand at Sandringham than Hampton.

The development will home 32 two and three-bedroom apartments and is the latest in a long line of Bayside projects for the Sandringham-based developer.

They're is currently selling two other Hampton developments,&nbsp;<a href="/buildings/oceano-hampton-by-lowe-living-9-ocean-street-hampton">Oceano on Ocean Street</a>&nbsp;and&nbsp;Hampton Hill on <a href="/buildings/hampton-hill-by-lowe-living">Hampton Street</a>, while they have other active developments in <a href="/developments/sandringham-vic-3191">Sandringham</a>, <a href="/developments/south-melbourne-vic-3205">South Melbourne</a>, <a href="/developments/parkdale-vic-3195">Parkdale</a> and <a href="/developments/armadale-vic-3143">Armadale</a>.

Always targeting the owner-occupier, typically the downsizer, the new plans are for a three-level building which presents as a two-level podium with a recessed third level to Alicia Street.

<a href="/architects/cera-stribley-architects">Cera Stribley</a> said in the documents submitted to council that their architectural vision is a contemporary reinterpretation of the Californian bungalow, a typology that is a hallmark of Hampton's heritage.

"By borrowing, abstracting and reinterpreting elements of this quintessential style - such as strong datum lines, articulated columns, exposed structures, and roof tiles - out design achieves a balance between modernity and familiarity," Cera Stribley noted in their Architectural Design Statement.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

There will be 14 two-bed apartments and 18 three-bed apartments on offer, serviced by 61 parking spacesand 10 bicycle spaces.

The upper level of the building is characterised by exposed structural elements, fenestrations, and large balconies to enhance the depth of the façade, contributing to a balanced and subtle architectural expression.

The podium level is designed with inspiration from the Californian bungalow architectural style, featuring brick materiality to evoke warmth while the modern interpretations of articulated columns create a rhythmic street presence.

A communal lounge and external terrace will be located near the building's entry.

&nbsp;

Cera Stribley said in the documents submitted to council that their architectural vision is a contemporary reinterpretation of the Californian bungalow, a typology that is a hallmark of Hampton's heritage

First look: Lowe Living's latest Hampton apartment development revealed

Joint venture partners Deicorp and PAYCE have launched the first collection of apartments in their $700 million Melrose Park development.

<a href="/new-apartments/melrose-central-melrose-park-33-hope-street-melrose-park-nsw-2114">Melrose Central</a>&nbsp;will form part of the 30 hectare&nbsp;Melrose Park North Urbal Renewal Project&nbsp;near the Parramatta River and will deliver just under 500 one, two and three-bedroom apartments starting from $650,000.

The six buildings designed by <a href="/architects/turner-studio">Turner Studio</a> will sit above a five-level podium that will home a 30,000 sqm shopping centre anchored by a Coles supermarket and supported by several speciality stores, health and wellness facilities, and retail and hospitality venues.

&nbsp;

[smartcode_project:default project_id=134220 project_image_fid=289882]

Melrose Central has been eight years in the making. The initial planning discussions for the unused site kicked off back in 2016.

One of the biggest drawcards to Melrose Central will be how connected it is to Greater Sydney. It will have its own station as part of the Parramatta Light Rail Link which will be two stops to Wentworth Point, near its ferry terminal, six stops to Sydney Olympic Park, and nine stops to Parramatta.

[smartcode_project:default project_id=134220 project_image_fid=289877]

The development will incorporate private communal spaces and reinforce key site links established in the masterplan, dividing the large site into smaller, walkable building footprints.

The project will feature four distinct quadrants, each with its unique colour palette, materials, and place-making elements to emphasise the identity of the corner buildings.

[smartcode_project:default project_id=134220 project_image_fid=289888]

Stage one will see the five-level podium constructed, as well as three of the buildings. They will rise six, 15, and 24 levels, with the same heights planned for the other three buildings.

Early site works kicked off on site back in February. Deicorp is expecting Melrose Central to be complete by 2027. There will be around 6,000 apartments in the broader Melrose Park precinct.

<a href="/developers/deicorp">Deicorp</a>, founded in 1999 by&nbsp;Fouad Deiri, is currently building&nbsp;4,400 new apartments across 11 projects in Greater Sydney.

Their recent applications have been for new precincts in <a href="/news/nsw/first-look-exclusive-deicorp-submit-plans-for-joynton-square-mixed-use-zetland-precinct">Zetland</a> and <a href="/news/nsw/deicorp-lodge-state-significant-development-application-for-1-200-apartments-in-five-dock">Five Dock</a>.

[smartcode_project_cta:default project_id=134220]

Melrose Central has been eight years in the making. The initial planning discussions for the unused site kicked off back in 2016

First opportunity to buy Melrose Central apartments in Melrose Park

Melbourne's stalling property market has to be nearing the bottom.

Recent data published in the Australian Financial Review from property data analytics firm CoreLogic showed the&nbsp;Melbourne median dwelling value is currently 33.1 per cent below the median dwelling value in Sydney. Historically, on average, that gap has been 19.7 per cent.

It's the same story with Brisbane, where values in the Queensland capital are 8.8 per cent higher than in Melbourne. Melbourne is usually 13.7 per cent above.

Considering the widened gap that bucks history, as well as the record low new housing approvals in Victoria, rising construction costs, and the expected surge in population due to migration, it's clear that Melbourne is poised for a prolonged period of growth.

The market won't turn around overnight, and the most recent data from CoreLogic shows a decline of -0.2 per cent in the unit market (apartments and townhouses) over July.

Those declines in the established market have likely come because of increased supply levels, CoreLogic's Research Director Tim Lawless notes, where supply is outstripping current demand.

That's not the case in the new apartment market however.&nbsp;The most recent building approvals data from the ABS showed Melbourne's 3,840 unit approvals in June were -14 per cent down from the month prior.

Over two million new dwellings are proposed to be built by 2051 across Metro Melbourne, almost double the number of existing dwellings currently in the metro area.

<h2>What happened in Melbourne’s off the plan apartment market in July</h2>

Referring back to the lack of supply in the new apartment market, there was only one notable project that moved into a registrations of interest phase.

That's the new Elsternwick development by the design-driven developer&nbsp;<a href="/developers/milieu-property" target="">Milieu</a>, who revealed what is arguably one of its most unique developmens it has produced since being founded 15 years ago.

[smartcode_project:default project_id=136535 project_image_fid=288412]

Milieu has spent the last two years working alongside <a href="/architects/woods-bagot">Woods Bagot</a>, <a href="/landscape-architect/oculus">OCULUS</a> Broached Commissions and <a href="/architects/march-studio">March Studio</a> to create a garden-centric community they’re calling <a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens by Milieu</a>.

The multi-building development, on the site of the former ABC Studios bordering Elsternwick's landmark Ripponlea Estate and gardens, has been designed to focus on nature and landscaping.

Residents will have direct private access to the heritage-listed gardens of the Ripponlea Estate, while its head gardener will tend to the landscaping of Elsternwick Gardens by Milieu on its completion.

[smartcode_project:default project_id=112375 project_image_fid=250363]

There was increased sentiment in the market in <a href="/developments/glen-iris-vic-3146">Glen Iris</a> where&nbsp;Projects by Buxton Director Heath Thompson sold four apartments in the last few weeks at <a href="/buildings/galerie-glen-iris-1538-1540-high-street-glen-iris-vic-3146">GALERIE</a>&nbsp;which will no doubt encourage the market heading into the spring selling season.

Thompson said three of the four buyers went from enquiry to sale within a week.

"We [Melbourne] haven't had that sort of conversion timeline for what feels like a very long time," Thompson said.

GALERIE has sold predominantly to downsizers, but the recent purchasers presented a different demographic in the building that is expected to welcome buyers toward the end of the year.

[smartcode_project:default project_id=141969 project_image_fid=222388]

Construction got underway at&nbsp;Abadeen's <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>&nbsp;apartments in&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>.

Brompton Construction, the multi-award winning Master Builders Victoria construction firm, has officially commenced construction on the seven luxury apartments on Central Park.

“<a href="/developers/abadeen-group">Abadeen</a>&nbsp;chose Maléa because of its incredible location opposite Central Park in the beating heart of&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>,"&nbsp;<a href="/content/abadeen-officially-announce-expansion-into-victoria-with-two-luxury-projects" target="">Andrew Leoncelli</a>, who runs Abadeen in Victoria, says.

<a href="/builders/brompton-construction">Brompton Construction</a>&nbsp;is expecting to complete the building in late 2025.

One of Melbourne's most notable developers, Piccolo, filed for its next development as it approaches sellout of its Fitzroy apartment development, A Piccolo House - Gore Street.

[smartcode_project:default project_id=141498 project_image_fid=290942]

This one is in <a href="/developments/kew-vic-3101">Kew</a> where <a href="/developers/piccolo">Piccolo</a> has filed plans for five three-level buildings at 18 Barry Street.

The project, currently referenced as&nbsp;<a href="/new-apartments/piccolo-house-barry-st-kew-barry-street-kew-18-barry-street-kew">A Piccolo House, Barry Street</a>, part of the Piccolo House collection that targets the high-end owner-occupier,&nbsp;will comprise 60 two, three and four-bedroom apartments.

Read more: <a href="/news/vic/first-look-exclusive-piccolo-plot-new-kew-apartment-development">First look exclusive: Piccolo plot new Kew apartment development&nbsp;</a>

Boutique developer Callex Group is also heading to Kew for its latest venture.

Callex is plotting a small development of just seven apartments on an already cleared 1,266 sqm site at 9 O’Shaughnessy Street, walking distance to Kew Junction, Glenferrie Road shopping precinct and Victoria Gardens.

<img alt="First look: Callex Group plan boutique Kew apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_900,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/O%E2%80%99Shaughnessy%20Street%20front.png?VersionId=xSEIYv0SnF7Uyg2M8P5a2yOvond3WHXA" />

The proposed development includes one two-bedroom apartment and six three-bedroom apartments, along with 15 car spaces and six bicycle spaces.

The design by&nbsp;<a href="/architects/carr-design">Carr</a> incorporates elements from the existing built environment, using textures and tones that complement O'Shaughnessy Street and the adjacent Foley Reserve.

Read more:&nbsp;<a href="/news/vic/first-look-callex-group-plan-boutique-kew-apartment-development">First look: Callex Group plan boutique Kew apartment development</a>

CoreLogic's Monthly Hedonic Index showed a -0.2 per cent decline in the value of units (apartments and townhouses) across Melbourne over July, however there was a larger fall in house values (-0.5 per cent).

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