For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

Joel Robinson

The inflation result the property market was waiting for

Commercial property group FiveX is doubling down on its move into the residential space.

The group, founded by Joshua and Marko Berger more than five decades ago, has followed up its plans for a 39-storey tower on North Sydney's Alfred Street with a proposed 61-storey tower in Chatswood.

The new tower at <a href="https://www.apartments.com.au/new-apartments/815-pacific-highway-chatswood-nsw-2067">815 Pacific Highway</a>, which would be one of the tallest proposed in Chatswood in recent years, will comprise 490 apartments, 76 of which will be dedicated affordable housing and managed by Evolve Housing for a minimum of 15 years.

The project will replace the long-standing Panorama Building, originally known as the BMA Tower, a 14-storey office building completed in 1972 and designed by Hungarian-born architect Hugo Stossel. At the time of its completion, the building was the tallest structure in Chatswood and became a local landmark due to its distinctive curved form and external glass lift.

<img alt="FiveX" data-entity-type="file" data-entity-uuid="956bd299-3864-47a0-8ea6-162b5524c5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.02.03%E2%80%AFPM.png?VersionId=EWx7teUr7RcYrI9mgRytwppwt5AdUDtb" />

fjcstudio is behind the designs. Its Architectural Design Report argues the ageing commercial building no longer reflects Chatswood's role as one of Sydney's key strategic centres and that the site is ideally positioned to support significantly higher residential density.

"The site is located at the heart of Chatswood, within the TOD accelerated rezoning area that supports higher density development around the new Metro station," the report states.

"The site's role within a walkable 400-metre radius catchment is where housing, employment, retail and community uses are encouraged to cluster in support of transit-oriented living."

<img alt="fjc" data-entity-type="file" data-entity-uuid="8d198f5e-cc71-4175-9357-be6ec7207473" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%201.18.27%E2%80%AFPM.png?VersionId=5WUFc3IYBPvhQMBUYLCsjJhzdcVeYodE" />

The proposal has undergone two rounds of review by the NSW State Design Review Panel, with the design evolving through an extensive assessment process focused on design excellence, public realm outcomes, residential amenity and the integration of affordable housing.

fjcstudio says the residential component provides a diverse mix of apartment typologies, supporting a broad demographic and contributing to housing supply in a highly accessible location close to major transport, employment and retail infrastructure.

The application follows FiveX's plans for a 39-storey tower at <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">275 Alfred Street</a>, which it <a href="https://www.apartments.com.au/new-apartments/275-alfred-street-north-north-sydney-nsw-2060">submitted through the same NSW Government pathway</a> in December. That's for 184 apartments.

Recent activity in Chatswood includes Hyecorp launching its Archer Street project, Celine, and Develotek securing approval for a 34-storey tower.

First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans

Bridgewell Capital and SLD Development seem to be bullish on the Killara apartment market, filing plans for a second new development next to the Killara Golf Club.

The new plans are for 79 apartments across an amalgamated 4,989 sqm site on Buckingham Road.&nbsp;The project has been designed by BKA Architecture and is being assessed under the NSW Government's Low and Mid-Rise Housing and Infill Affordable Housing reforms. It is just 300 metres from&nbsp;Killara train station.

The majority of the apartments are three-bedrooms (46), with 23 two-bedroom apartments, seven one-beds, and three four-bedroom apartments. 17 of the apartments&nbsp;are proposed as affordable housing, representing 15 per cent of the project's gross floor area, allowing the development to access additional floor space and height incentives available under the NSW Housing SEPP.

There will be 131 resident and visitor car spaces, and more than&nbsp;1,450 sqm of communal open space. Landscaped areas would account for approximately 45 per cent of the site.

<img alt="Killara" data-entity-type="file" data-entity-uuid="75ef5ef7-a53b-4932-a8f1-38f63169eec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-24%20at%2011.04.00%E2%80%AFAM.png?VersionId=d_lG1A1StDaMQilljy25Fr8SF1BnAmKE" />

The site currently contains three detached dwellings and occupies a prominent position on the eastern side of Buckingham Road, with frontage to an area that has already begun transitioning towards higher-density housing. Existing apartment buildings of up to six storeys surround the site, while the Killara Golf Club forms its southern boundary.

The application has been lodged as a State Significant Development due to the affordable housing component and the scale of the project.

According to the design report, the proposal has been shaped by the area's evolving planning framework, which is encouraging greater housing density around transport infrastructure.

"The site sits along a growth area anticipated to undergo transformation in line with broader trends across New South Wales, driven by the implementation of the Low and Mid-Rise and Transport-Oriented Development State Housing Policies," the report states.

"Being within 800 metres walking distance to Killara Train Station, the project seeks to provide high-quality apartments designed for various family sizes, located in a vibrant landscaped setting."

The Upper North Shore suburb has become one of the most closely watched testing grounds for the NSW Government's housing reforms. A number of developers have moved quickly to consolidate sites around railway stations across suburbs including Killara, Lindfield, Gordon and Roseville, where the new planning settings are creating opportunities for apartment developments that would previously have been difficult to achieve.

The likes of Aqualand, Hyecorp, Holdmark and Vermont Property Group have projects in the region.

Bridgewell has several developments in the pipeline. Last September they submitted plans for <a href="https://www.apartments.com.au/news/nsw/bridgewell-capital-seeks-55-apartment-project-in-killara">55 new apartments</a> at&nbsp;23-25 Lorne Avenue in Killara, just the other side of Regimental Park from their new project. In May they filed for <a href="https://www.apartments.com.au/news/nsw/first-look-bridgewell-plots-120-apartments-and-childcare-centre-in-maroubra-town-centre">120 apartments in Maroubra</a>.

&nbsp;

&nbsp;

&nbsp;

First look: Bridgewell, SLD Development double down on Killara Golf Club

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

Central Element seeks second Drummoyne apartment development

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

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

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>

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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?

Prominent Canberra and Gold Coast developer,&nbsp;<a href="/developers/morris-property-group">Morris Property Group</a>, has unveiled one of its most luxury apartment developments to date.

They've launched <a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo</a>, just 16 half-floor apartments on Jubilee Avenue in Broadbeach, their ninth <a href="/developments/broadbeach-qld-4218">Broadbeach</a> development since breaking into the Gold Coast market in the late 1990s.

[smartcode_project:default project_id=112549 project_image_fid=293549]

Designed by Morris' go-to architecture firm, the&nbsp;Canberra-based&nbsp;<a href="/architects/guida-moseley-brown-architects">Guida Moseley Brown Architects</a>, Malo's three-bedroom apartments have around 130 sqm of internal living space and feature floor-to-ceiling windows and balconies that capture extensive views across the Gold Coast skyline and over the beach.

The apartments feature&nbsp;Cassa Lusso tapware, Franke kitchen appliances, and Bosch laundry appliances.

[smartcode_project:default project_id=112549 project_image_fid=293547]

Malo, currently under construction and expected to welcome residents in late 2024, neighbours several of Morris' previous projects, Qube and Synergy.

Malo’s location offers residents easy access to Surf Parade, known for its dining options, as well as Pacific Fair, the largest shopping centre on the Gold Coast.

[smartcode_project:default project_id=112549 project_image_fid=293555]

It's a stone's throw from the Broadbeach North light rail station, as well as the Gold Coast Convention and Exhibition Centre which is slated for a $700 million redevelopment to turn it into a world-class entertainment precinct.

Kurrawa Beach and its surrounding parklands are also nearby, providing opportunities for outdoor pursuits.&nbsp;

[smartcode_project_cta:default project_id=112549]

Malo, currently under construction and expected to welcome residents in late 2024, neighbours several of Morris' previous projects, Qube and Synergy

Morris Property Group launch half-floor apartments at Malo Broadbeach

Harry Triguboff's love affair with Surfers Paradise is showing no sign of waivering.

His apartment development giant, Meriton, has filed plans for yet another soaring tower on the Surfers Paradisde beachfront, its fourth in as many years.

The new development, Meriton Shore, at 126 Esplanade Surfers Paradise, takes its name from the 52-year-old high-rise, The Shore, which currently sits on the vast 3,460 sqm site along with The Dolphins boutique apartment block and several high-street retail spaces.

Meriton Shore will have 519 one, two, three and four-bedroom apartments across a 73-level tower designed by Cottee Parker with landscaping by DBI.

The majority of the apartments will be located above a seven-level podium, which will be crowned by an indoor and outdoor amenity level. There will be an outdoor pool, with integrated spa and kids pool, as well barbecue facilties, a sauna, and an indoor pool. On the level below will be a gym and a lounge room.

<img alt="Meriton" data-entity-type="file" data-entity-uuid="f54cec93-b2b5-4c90-adce-bb6e0693e7e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-21%20at%201.59.50%E2%80%AFPM.png?VersionId=F5V2Mqhx0hM2VZzm1BI9EoKHxLIM4ALT" />

At the foot of the tower will be five food and beverage tenancies, fronting Esplanade and Ocean Avenue.

The apartment mix is weighted towards two bedrooms (278) and three bedrooms (136). 86 one-beds are planned, and 19 four-bedroom apartments.

he Town Planning Report from UPS said&nbsp;the proposal will contribute highly desirable outcomes for the subject site and the Light Rail Urban Renewal Area and urban neighbourhood in which it is located, through the high-quality architectural design, bespoke integration of landscape design outcomes and the mix of land use activities to invigorate the public realm around the site.

"The proximity of the site to the high-frequency light rail network represents an opportunity to bring forward substantial investment and renewal of the site to deliver upon the intent for Surfers Paradise and the Light Rail Urban Renewal Area to transition toward the highly-connected, compact, mixed-use environment that is envisaged both by the Council and State Government," UPS noted in its submission.

<img alt="Meriton" data-entity-type="file" data-entity-uuid="4e985f4b-b587-43be-84c1-b282e2208496" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-21%20at%2012.58.37%E2%80%AFPM.png?VersionId=lDAqucZt91wxX3B2P8K.94Vvy7QAy600" />

"The proposed development seizes the opportunity to deliver a mixed-use environment promoting highly efficient use of the subject site, creating active frontages to The Esplanade, Ocean Avenue and Surfers Paradise Boulevard, through ground-level tenancies planned to accommodate food and drink outlets with outdoor dining spaces engaging with street life."

The 3,460 sqm site is less than 300&nbsp;metres from the under construction Iconica, 260 metres from Ocean that was completed in 2022, and 700 metres from the recently launched Cypress Palms, set back from the beach on Cypress Avenue.

The four developments total well over 2,000 apartments.

<img alt="Meriton" data-entity-type="file" data-entity-uuid="cf13cc61-2603-4fcb-93a7-f278f1985504" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-21%20at%202.04.41%E2%80%AFPM.png?VersionId=0_d9m91_LGjnUinbZBd8h6M8UI5N4Isb" />

On <a href="/news/qld/harry-triguboffs-meriton-spends-67-5-million-on-another-esplanade-surfers-paradise-site">spending $67.5 million on the site</a>, which took Meriton's spending on Surfers Paradise sits to more than $176 million in the past year,&nbsp;Triguboff said he is putting his Gold Coast wallet away for the time being and had no plans for more buys.

Triguboff said the latest purchase was not just a sign of confidence in Surfers Paradise, but also a reflection on how much easier it was to do business on the Gold Coast than in Sydney.

“In Sydney you talk to the city’s town planners and get a ‘take it or leave’ attitude," Triguboff said.

“That’s not the case on the Gold Coast and in Brisbane, where the planners and councils are fair and, if a rule clearly is wrong, they’ll change it.

“In other words, life’s a lot easier for me in Queensland.”

On spending $67.5 million on the site, which took Meriton's spending on Surfers Paradise sits to more than $176 million in the past year, Triguboff said he is putting his Gold Coast wallet away for the time being and had no plans for more buys.



First look exclusive: Meriton continue Surfers Paradise domination with another apartment tower proposed

Ballina has long been known as the southern neighbour of the popular tourist hotspot, Byron Bay.

But the coastal enclave just south Byron is starting to have its time in the sun, much like Byron had during the pandemic.

That's what <a href="/developers/omira-property-group">Omira Property Group</a> saw in <a href="/developments/ballina-nsw-2478">Ballina</a> when they secured a prime site on Norton Street, on the fringe of the centre of the township.

"Ballina has everything Byron Bay has and more," Omira Property Group Founder Alasdair Baker says.

&nbsp;

Omira has recently launched <a href="/new-townhouses/mana-ballina-86-90-norton-street-ballina">Mana</a>, just 14 villas both in the heart of Ballina and on the fringe of North Creek. Omira has previously completed successful developments in both Byron Bay and the southern Gold Coast.

They brought the same team down from Byron Bay, which includes C2 Architecture, to create a slice of <a href="/developments/byron-bay-nsw-2481">Byron</a> in Ballina.

WATCH:&nbsp;<a href="/news/nsw/inside-mana-ballina-urban-speaks-to-the-key-stakeholders-in-ballinas-best-new-development">Inside Mana Ballina: Urban speaks to the key stakeholders in Ballina's best new development</a>

Set privately off Norton Street, the Mana villas each offer three bedrooms and over 200 sqm of internal living space.

&nbsp;

[smartcode_project:default project_id=144558 project_image_fid=264603]

The location of Mana in particular lends itself to either the holidaymaker or local downsizer.

Ballina is centrally located to several different beaches and bays, each offering something different, whether it be walking paths or lookouts.

Metres from the doorstep of Mana is&nbsp;Meldrum Park and playground, as well as The Kerry Saxby Walkway which stretches one kilometre across Commemoration Park, Missingham Park and Kingsford Smith Park to Missingham Beach.

[smartcode_project:default project_id=144558 project_image_fid=261478]

Aside from its natural beauty, Ballina is also known for its strong sense of community. The town has a vibrant arts and culture scene with regular events such as the Ballina Fine Food and Wine Festival and the Northern Rivers Performing Arts program, embracing the village vibe.

The Ballina Farmers Market is just a seven-minute walk from Norton Street, across Kingsford Smith Park, where residents can also buy fresh produce directly from the grower.

The Ballina Fair Shopping Centre and Ballina Central Shopping Centre are adjacent to each other and both are only a four-minute drive from Mana.&nbsp;

The malls are home to Palace Fair Cinemas, Woolworths, Kmart, Coles, SUPA VALU IGA Supermarket, Big W and 23 specialty shops including over nine dine-in and takeaway food stores.

[smartcode_project:default project_id=144558 project_image_fid=293913]

For the holidaymakers, Ballina is just five minutes down the highway from Ballina Airport, the second busiest regional airport in Australia which offers short flights to all major capital cities.

Mana presents a unique opportunity for buyers in Ballina, not only due to the fact new development is incredibly scarce in the area, but that only 20 per cent of the current residential property makeup of Ballina is townhouses.

"We're providing barefoot luxury in a low-maintenance environment," Baker says.

&nbsp;

[smartcode_project_cta:default project_id=144558]

Ballina is centrally located to several different beaches and bays, each offering something different, whether it be walking paths or lookouts.

How Mana takes advantage of the very best of Ballina's beaches and bays

TWT Property Group has been quietly expanding its prime Atchison Street holding in St Leonards for several years, with the goal of creating a suburb-defining precinct.

Now the developer, known for its luxury projects across Sydney, has released the first set of apartments in the arts-focussed community.

The first stage will introduce 93 one, two, three and four-bedroom apartments on the cusp of Crows Nest Village, a short walk from Crows Nest Metro which will no doubt draw buyers who want easy access to the city.

[smartcode_project:default project_id=94318 project_image_fid=293323]

The curved, 16-level building features interiors by&nbsp;<a href="/architects/dbi">DBI</a>&nbsp;who has created an interior scheme that is focused on creating functional living spaces, like the inclusion of study nooks and protected balconies.

The first stage of the masterplan will feature 3,000 sqm of commercial space, part of the 10,000 sqm of commercial space that will be on offer across the total 1.3-hectare development.&nbsp;

[smartcode_project:default project_id=94318 project_image_fid=293323]

"Art inspires and excites," TWT says.

"It enriches our buildings and the lives of those who live in them.

“In our buildings, in our architecture, and within our precincts, we always bring artistic expression and tangible artistic components to our work."

[smartcode_project:default project_id=94318 project_image_fid=293333]

TWT Property Group has already appointed Westbourne Constructions to build the first stage of <a href="/new-apartments/the-collective-crows-nest-23-35-atchison-st-crows-nest">The Collective</a>. Construction is scheduled to commence in the third quarter of 2024.

<a href="/developers/twt-property-group">TWT Property Group</a> has a strong record of delivering quality projects in some of Sydney's best suburbs. They've been behind Grande Pyrmont Bay Estate, NewLife Bondi Junction, NewLife Darling Harbour, and T1 St Leonards.

Belle Property is opening the display suite, onsite at 64 Atchison Street, this weekend, for prospective buyers to get the first chance at buying at what will become the newest lifestyle hub in the Lower North Shore

[smartcode_project_cta:default project_id=94318]

TWT Property Group has already appointed Westbourne Constructions to build the first stage of The Collective. Construction is scheduled to commence in the third quarter of 2024.

TWT kicks off new Crows Nest precinct, The Collective, with first apartments released

Sekisui House&nbsp;Australia has revealed plans for its final stage of its successful Norwest masterplanned community, The Orchards.

The fifth and final stage, to be decided by the Sydney Central City Planning Panel, will bring the final 209 apartments to the 8.1-hectare precinct at 104 Fairway Drive, strategically located on the edge of the new Norwest Business Park and the Castle Hill Country Club.

The application is for three more buildings, to add to the 1,100 residences either already delivered or under construction. A 12-level and nine-level building, designed by <a href="/architects/rothelowman">Rothelowman</a>, will home the apartments, while the third building will feature the communal amenity.

The design draws inspiration from natural forms, with the primary building mass resembling an eroded stone structure, featuring apertures and openings that optimise daylight, views, and connectivity with the surrounding landscape.

<img alt="Sekisui Final Stage of The Orchards" data-entity-type="file" data-entity-uuid="ee73e473-eb26-42d6-ae03-aaa901f14eb7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Orchards%20Stage%205%20pers%20a.png?VersionId=HXEeR5mpLwTcGsNM7YF7JgMdNSadV7Su" />

The unit designs within the development vary to maximise the benefits of the site’s unique context. The western tower apartments are designed to capture northern sunlight while minimising exposure to the western sun, thanks to the strategic placement of balconies.&nbsp;

The breezeway units offer natural ventilation and northern aspect views, while the palace units are designed with two-bedroom wings and a large central living area that opens out towards the creek to take in the northeastern views.

&nbsp;

<img alt="Sekisui Fifth Stage of The Orchards" data-entity-type="file" data-entity-uuid="3031dcff-23cc-4a97-a170-c3617152db76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Orchards%20Stage%205%20pers.png?VersionId=jvvRD714M3DvSuq83dfF_167LCYVRX0K" />

As the westernmost marker within The Orchards, the proposed buildings are designed to create a gateway element that reflects the thematic principles of the broader master plan.&nbsp;

Residents will have access to a ground floor communal courtyard, characterised by expansive lawns that allow for flexible use to accommodate large groups and smaller gatherings.&nbsp;

A communal lagoon pool with dining facilities will enhance the amenities available to residents of the precinct.

Sustainability is also a key consideration in the development, with measures including electric vehicle charging infrastructure in the basement, bioswales within the landscaped area, photovoltaic panels on the roof, and the retention of existing trees.

&nbsp;<img alt="Sekisui Final Stage of The Orchards Application site" data-entity-type="file" data-entity-uuid="28aeda23-86a4-449e-984e-8d732e89bb28" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Orchards.png?VersionId=kUKyYLrHA57S9DbCbIoHpYTdduBAn5sc" />

<a href="/developers/sekisui-house-australia">Sekisui House Australia</a> has been selling The Orchards since 2017.

The most recent release, <a href="/new-apartments/the-orchards-veue-parkside-norwest-15-19-spurway-drive-norwest-nsw-2153">Veue Parkside</a>, secured $85 million worth of sales at its <a href="/news/nsw/sekisui-house-australia-secure-over-85-million-in-apartment-sales-at-veue-parkside-the-orchards-community-in-norwest">launch weekend in July</a>. More than 80 of the 156 apartments sold.

[smartcode_project:default project_id=145924 project_image_fid=287361]

Veue, the fourth stage of The Orchards, comprises 577 apartments,&nbsp;nearly half of the total apartments that will make up the 8.1-hectare masterplan.

&nbsp;

The Orchards is located around 31 kilometres north-west of Sydney’s CBD. It is 800 metres from <a href="/developments/norwest-nsw-2153">Norwest</a> Metro Train Station and 600 metres from Norwest Marketown as well as Norwest Business Park - currently housing over 30,000 employees.&nbsp;

The masterplan, designed by <a href="/interior-designers/turner-studio">Turner</a>, is spread across five stages. When completed, the community will comprise 1,300 apartments.

[smartcode_project_cta:default project_id=145924]

Sekisui House Australia has been selling The Orchards since 2017

First look exclusive: Sekisui reveal final stage of $1 billion Norwest masterplan, The Orchards

Listed developer Lendlease has unveiled Australia’s most opulent hotel-style amenities at its highly anticipated, once-in-a-generation residential development <a href="/new-apartments/one-sydney-harbour-6-watermans-quay-barangaroo">One Sydney Harbour</a>&nbsp;in Barangaroo.

Beyond simple shared residential amenities, One Sydney Harbour’s three towers combine exclusive residents’ wellness and social spaces with private retreats and experiences befitting one of Sydney’s most coveted addresses.

&nbsp;

<a href="/developers/lendlease-development">Lendlease</a> has partnered with architect Renzo Piano (Renzo Piano Building Workshop) and interior architect Daniel Goldberg (State of Craft) to create The Club, which features sophisticated health and wellness spaces, indoor and outdoor pools, social terraces, and private rooms to entertain.

&nbsp;

<img alt="One Sydney Harbour gymnasium" data-entity-type="file" data-entity-uuid="b606237e-7761-49bb-be34-ff50387873bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/unnamed%20%283%29_0.jpg?VersionId=3Fkg9GYWRrRoATN2k.sPU9Blc8C90RAc" />

The Club is made up of six distinct zones incorporating The Pool House, The Garden Terrace, The Sanctuary, The Pool Deck, The Club House and The Sky Terrace, each with their own distinct amenities.

Inspired by the Blue Mountains’ lush vegetation and private rock pools, The Pool House is awash in deep green marble to create a temple-like space that seems almost carved from crystalline green rock.

Daniel Goldberg of State Craft says research shows that different colours can evoke different psychological and physiological responses, which can influence our overall wellness.

“We chose this shade of green for The Pool House for its ability to promote a sense of balance and harmony. It symbolises nature and growth, is soothing on the eyes and can help reduce anxiety and stress.”

Illuminated from within and set amid a glazed façade that runs along three sides overlooking Hickson Park, the crystal-clear water creates the illusion of swimming in nature. Classic columns, ceiling blades and statement artwork heighten the sense of grandeur while palm fronds, cane and linen furniture create a tropical oasis.

Residents can access The Spa, The Sauna and The Steam Room directly from The Pool House via a natural stone clad freestanding wall.

<img alt="One Sydney Harbour spa" data-entity-type="file" data-entity-uuid="c9d9d36f-6181-413e-9e46-0102cc560137" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/unnamed%20%282%29_1.jpg?VersionId=ZCdk8JqE0N6AFAGacAHz3r8_Nsrp5ljH" />

One Sydney Harbour’s Outdoor Garden Terrace on Level 2 is a private garden conceived by Renzo Piano as a space where residents can relax and find respite from the busy CBD. Visible from the apartments above, it overlooks Watermans Cove and features impressive views across the harbour towards Balmain and Pyrmont framed by a lush mix of native and exotic plantings that link it with the surrounding terraces and podiums.

The Sanctuary is an open-plan temple to self-care. It features high-energy workout spaces, two wellness rooms, for treatments and massages, and a multi-functional studio realised in light timber and subtle, integrated lighting for yoga and pilates classes, complete with equipment. A separate area for beauty treatments, hair and makeup means residents can book their self-care treatments close to home.

The Renzo Piano-designed Pool Deck is a tranquil space surrounded by foliage with uninterrupted views over Waterman’s Cove. Complete with rows of sun loungers a la the French Riviera or straight out of a Hollywood movie, it promises to be one of Sydney’s most chic places to soak up Sydney’s glorious rays.

The Sky Terrace is inspired by a Mediterranean olive grove conceptualised by Renzo Piano Building Workshop as a breakout space high above the harbour, where residents can enjoy BBQs and entertain against a backdrop of stunning CBD views.

In addition to One Sydney Harbour’s health and wellness amenities, many opportunities exist for entertaining in 'The Club’. The Orangery is inspired by European 18th-century greenhouses with a stone floor, rattan-lined ceiling, and adjoining veranda.

Three linked spaces; The Billiards Room, The Wine Gallery and The Blue Room, are serviced by a commercial kitchen nearby simply dubbed The Kitchen.

The Billiards Room has a central pool table that converts to a table for cocktails with a custom lid.

<img alt="One Sydney Harbour wine room" data-entity-type="file" data-entity-uuid="034cda01-2a7d-40be-8bbc-5d9c3a11d183" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/unnamed%20%281%29_1.jpg?VersionId=tnKrorWmTQ9nbKYVcotfKN82NSC3hwbr" />

Next door is The Wine Gallery that features extensive copper and native Australian timber. The Blue Room is a more intimate private dining space with a feature blue leather-clad wall for wine tastings and entertaining for up to 10 guests.

One Sydney Harbour’s tallest tower, Residences One, is now complete with first residents moving in. Residences Two and Waterman’s Residences will be complete this year.

[smartcode_project_cta:default project_id=139801]

Lendlease unveil next level health and wellness amenities at One Sydney Harbour, Barangaroo

National property and construction group <a href="/developers/traders-in-purple">Traders In Purple</a> is set to make its inner-city Brisbane development debut.

Traders In Purple, who has predominantly focussed its efforts in the Moreton Bay region, has spent $63.5 million on a 1.25-hectare riverfront site in West End, a site that had belonged to Crown Group until its recent&nbsp;provisional liquidation.

The acquisition adds to Traders’ burgeoning $4 billion portfolio of projects under construction or in planning across NSW, Queensland and Tasmania.&nbsp;

The <a href="/new-apartments/117-victoria-street-west-end">117 Victoria Street, West End</a> site&nbsp;fronts the riverfront bike path and proposed second West End Ferry Terminal.

<a href="/developers/traders-in-purple">Traders In Purple</a> Director George Geagea said the size and location of the <a href="/developments/west-end-qld-4101">West End</a> site presented a rare opportunity to create a remarkable lifestyle-focused destination just 4km from the Brisbane CBD.&nbsp;

“This is a spectacular site, one of the largest on the Brisbane riverfront to come to market in recent years,” Geagea said.&nbsp;

“We have long wanted to make our mark in Brisbane’s inner-city but we were prepared to wait until the right &nbsp;site came along.

“Expansion into the inner-city of Brisbane is a natural growth for Traders In Purple. We have had incredible success on the Moreton Bay Peninsula where we have delivered 12 luxury waterfront projects over the past 15 years.”&nbsp;

Geagea said Traders’ integrated construction capability had enabled it to maintain its 100 per cent track record of completions through challenging times and approach new projects with confidence in its ability to deliver.&nbsp;

“Having in-house construction gives us certainty of outcome with greater control over programming, quality and costs,” Geagea added.

“New apartment starts are well below what is required to meet the demands of &nbsp;Brisbane’s growing population and we are pleased to be in a position to meet that need.

“We have proven our credentials, not just amongst our customers but also government, community and stakeholders. They have seen how we operate, the exacting due diligence we apply and the passion we bring to every project. We take the time to get to know and understand each community in which we operate and ultimately enhance."

The site, which currently has DA approval for four towers from when Crown Group had been planning West End by Crown Group, will be revised by Traders In Purple and the number of apartments significantly reduced. Crown had been planning over 440 apartments.

Traders In Purple Co-Director Charles Daoud says the new design and reduction in apartment numbers is to better suit the West End community.&nbsp;

“Our new design will match the resilient owner-occupier downsizer market and executive buyers and families seeking high-quality details and amenities in larger, well-located apartments and homes,” said Daoud.&nbsp;

“It’s a demographic that Traders In Purple knows well, through years of successful development on the &nbsp;Moreton Bay Peninsula with many purchasers having come from Brisbane, Sydney and Melbourne.&nbsp;

“The next few months will be spent engaging with architects, landscape designers and urban planners to determine the best design outcome for this unrepeatable location.&nbsp;

“It’s important that we offer a diverse apartment mix and also meet the demands of those who will be drawn &nbsp;to this incredible location so close to the city, the river and the lively West End lifestyle.&nbsp;

“We will engage with the local community to ensure they are well aware of our plans and how we seek to complement and add value to the West End community.”&nbsp;

Traders In Purple’s current Queensland projects include <a href="/new-apartments/marin-scarborough-77-85-landsborough-avenue-scarborough">Marin</a>, a $94 million luxury development under construction on the <a href="/developments/scarborough-qld-4020">Scarborough</a> waterfront; <a href="/new-apartments/orilla-woody-point">Orilla</a>, a $71 million boutique ultra-luxury development on the water’s edge at <a href="/developments/woody-point-qld-4019">Woody Point</a>, also under construction; and recently launched <a href="/new-apartments/tydal-woody-point">Tydal</a>, with 175 apartments and an end value of $211 million on the former Filmer’s Palace Hotel site at Woody Point.

The site, which currently has DA approval for four towers will be revised by Traders In Purple and the number of apartments significantly reduced

$63.5 million buyer of Crown Group's West End riverfront site revealed

Harvey Norman billionaire Gerry Harvey has recognised the importance of giving new apartment buyers in his Dubbo apartment development as much confidence to invest in a type of property the local area won't be overly familiar with.

Harvey is working on Dubbo's first high-rise, off the plan apartment development in partnership with the local Walkom brothers.

The joint venture partners have taken out Resilience Latent Defects Insurance (LDI), the new policy that protects off the plan apartment buyers from any structural defects of the building for 10 years post-completion.

Some of Sydney’s biggest and most respected developers have embraced the new insurance. The likes of&nbsp;<a href="/developers/deicorp" target="">Deicorp</a>,&nbsp;<a href="/developers/kanebridge">Kanebridge</a>, <a href="/developers/princeton">Princeton</a>,&nbsp;<a href="/developers/abadeen-group">Abadeen</a>,&nbsp;<a href="/news/coronation-property-launches-its-first-release-in-merrylands-development-mason-main" target="">Coronation Property</a>&nbsp;and&nbsp;<a href="/developers/urban-property-group" target="">Urban Property Group</a>&nbsp;have rolled out the insurance across some, if not all of the projects they’re currently undertaking.&nbsp;

Read more: <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=database_email_mu_20240819_city_nsw&amp;csl=32fbd0cb70aa80ff738af0b1706c4fde0636d15a&amp;iterableEndUserId=32fbd0cb70aa80ff738af0b1706c4fde0636d15a&amp;iterableEmailCampaignId=10796201">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

The new $35 million development, currently under construction and slated for completion in late 2025, will be the tallest building in Dubbo by some way at 15 levels.

<img alt="1 Church Street Dubbo LDI podium" data-entity-type="file" data-entity-uuid="820941d6-8931-464d-bcef-56497ff0e822" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1%20Church%20Street%20podium.png?VersionId=wDJnm6gW8JsipKaR4tBfqrWdhPjJbh1p" />

The project, which comprises 80 apartments, the majority of which are two-bedrooms, is already 70 per cent sold. The remaining apartments are scheduled for release next year.

The apartments, which feature views of the Macquarie River and the surrounding bushland from the upper-level balconies, will sit above commercial and retail spaces and parking for over 100 cars.

<img alt="1 Church Street Dubbo LDI apartments" data-entity-type="file" data-entity-uuid="0e2e620d-b29e-4b1d-97d0-6d4a3291919a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1%20Church%20Street%20apartments.png?VersionId=f0srGMsqhmlVZ2rFNpk73ZsNNqb4wQyT" />

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off-the-plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI, <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

The new $35 million development, currently under construction and slated for completion in late 2025, will be the tallest building in Dubbo by some way at 15 levels

Billionaire Gerry Harvey takes out Resilience Insurance Latent Defects Insurance on new Dubbo apartment development

In Melbourne's leafy Glen Iris, brand-new apartments are in short supply.

With GALERIE Glen Iris nearing completion and nearly sold out, options in the sought-after High Street area are becoming scarce.

Enter local developer <a href="/developers/avier">Avier</a>,&nbsp;who has been quietly working on a new boutique apartment project called <a href="/new-apartments/avery-glen-iris-1542-1544-high-street-glen-iris-vic-3146">Avery</a>, arriving just in time to meet the demand.

[smartcode_project:default project_id=22546 project_image_fid=288314]

Avery, at 1542-1544 High Street, comprises just 24 apartments across a boutique low-rise building designed by <a href="/architects/alta-architecture">Alta Architecture</a>. Alta&nbsp;embraced&nbsp;the principles of wabi-sabi, a Japanese design philosophy that emphasises natural simplicity and strength.&nbsp;

Alta Architecture's&nbsp;Alvin Xu said the aim was to create tranquillity within the busy city environment, integrating natural elements and gardens into indoor living spaces to foster a sense of calm.

“I’d been exploring this idea of wabi-sabi for years," Xu said.

"With Avery, I was inspired to create tranquillity within an increasingly busy city and install calm into every aspect of the design. I wanted to sustainably connect nature and the garden to the indoor living spaces.

"Ultimately, I tried to make a place I would want to spend time in, that feels like home as soon as you step inside."

[smartcode_project:default project_id=22546 project_image_fid=288306]

The apartments are designed to maximize natural light with floor-to-ceiling windows, and winter gardens that serve as versatile balconies for year-round enjoyment. A central fireplace adds warmth to the living area.

The kitchens feature sleek, stone-like surfaces paired with dark gunmetal fixtures. A central island bench with dedicated seating is perfect for both entertaining and dining.

[smartcode_project:default project_id=22546 project_image_fid=288312]

Residents will also have access to a private zen garden, complete with sand and a stone sculpture, providing a tranquil space for reflection.

Located in <a href="/developments/glen-iris-vic-3146">Glen Iris</a> with views over Stonnington, the apartments are conveniently close to the Burke Rd/High St tram stop, the Harold Holt Swim Centre, and several highly regarded public and private schools.

Avey Glen Iris has just kicked off construction.

[smartcode_project_cta:default project_id=22546]

Alta Architecture's Alvin Xu said the aim was to create tranquillity within the busy city environment, integrating natural elements and gardens into indoor living spaces to foster a sense of calm

Inside Avery: New Glen Iris apartments tailor-made for downsizers 

As Fortis prepares to take the wraps of its new Rose Bay apartment project Atlas, the luxury apartment developer is plotting another in the same suburb.

Earlier this year <a href="/developers/fortis">Fortis</a>, the development arm of financier and investment manager Pallas Group, snapped up a prime <a href="/new-apartments/10-12-ian-street-rose-bay">double site on Ian Street</a>, just two rows back from <a href="/developments/rose-bay-nsw-2029">Rose Bay</a> Beach.

They're planning a $16.5 million development, continuing their push into supplying new apartments to downsizers in Sydney's Eastern Suburbs. There is just one two-bedroom apartment planned and 11 three-bedroom apartments across the low-rise, five-level building designed by <a href="/architects/mhn-design-union">MHN Design Union</a>.

<img alt="Rose Bay" data-entity-type="file" data-entity-uuid="150ea1c8-2dee-4ef6-a19b-ae6144d2bff1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-19%20at%2010.07.53%E2%80%AFAM.png?VersionId=CmFYfY66JlU5Si1O7sL2At2deQgcLIFW" />

Dickson Rothschild prepared an Urban Design Study for the sloping 2,038 sqm site that is a short walk from the beach, the Rose Bay Ferry Wharf, and Rose Bay village.

&nbsp;

They said the&nbsp;predominant pattern of development in this residential area book ended by New South Head Road and Old South Head Road is a transition from lower density single dwellings to medium density residential flat buildings.

"The report demonstrates that given the site’s accessible location and both the existing and emerging pattern of development in the area, that a residential flat building is appropriate for the site.

"The design of the building has responded to the site orientation, context and topography to provide generally north-west facing units, which maximise amenity to balconies and living/dining spaces, as well as views. The proposed development is considered consistent with the desired future character of the area and is supported from an urban design perspective."

The three-bedroom apartments start from 130 sqm of internal space and range in size up to 202 sqm, not including the balcony that opens off the open plan kitchen, living and dining area. The roofop penthouse features a significant rooftop terrace with outdoor kitchen.

&nbsp;

<img alt="Fortis" data-entity-type="file" data-entity-uuid="9606342a-333b-4847-9065-62e5c28396c5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-08-19%20at%2010.15.17%E2%80%AFAM.png?VersionId=C9irvPb7ECUhLZ.Kr689hLFmVKsSK6oi" />

The proposed development is just 600 metres from <a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a>, Fortis' other Rose Bay apartment development which will be welcoming buyers in the coming month. That has two, three and four-bedroom apartments, also desigend by MHN Design Union.

&nbsp;

Fortis has had a busy 12 months or so across <a href="/developments/sydney-nsw">Sydney</a>, <a href="/developments/melbourne-vic">Melbourne</a> and <a href="/developments/brisbane-qld">Brisbane</a>.

They recently launched <a href="/new-apartments/regency-house-elizabeth-bay-21c-billyard-avenue-elizabeth-bay">Regency House</a> in <a href="/developments/elizabeth-bay-nsw-2011">Elizabeth Bay</a>, adding to their portfolio that includes developments in <a href="/new-apartments/piper-2a-wunulla-road-point-piper">Point Piper</a>, <a href="/new-apartments/woollahra-nsw-2025">Woollahra</a> and Bronte.

In Melbourne they have Wiltshire House in <a href="/developments/richmond-vic-3121">Richmond</a>, and have recently secured another site at 550 Swan Street. In Brisbane they have <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a> on Kangaroo Point's dress circle O'Connell Street.

Fortis has had a busy 12 months or so across Sydney, Melbourne and Brisbane

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