<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?

Prominent Sydney builder-developer Urban Property Group was the first developer in the country to take out the new 10-year Latent Defects Insurance offered by Resilience Insurance.

The insurance is proving to be a major drawcard for off-the-plan apartment buyers due to its dual benefits. There are frequent site and build inspections to ensure faultless construction. Additionally, should any structural defects arise upon completion or within the next 10 years, the insurance covers any out-of-pocket expenses buyers might face.

Since including the policy on their Parq Bexley project, Urban Property Group has taken it out on their new Macquarie Park development La Vera, and they're not stopping there.

[smartcode_project:default project_id=134951 project_image_fid=223715]

The state-wide developer is putting the product in front of more off the plan buyers than anyone in Australia. They'll be the first to offer the policy on new apartments in Penrith, at their Mayfair by Penrith precinct-style development, as well as the first in the prized Eastern Suburbs beachside market where they're building it into their feasibilities for Coast in Little Bay.

"Anything we can do to give confidence in our product is a plus," Urban Property Group CEO Patrick Elias told Urban.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. They're making their single large investment, which is their home, and providing confidence is something that we feel is paramount."

Urban Property Group, which has developed thousands of new dwellings across Sydney over the last 35 years, was also an early adopter of the iCIRT rating system.

"The two complement each other and show prospective buyers there's no risk buying with us," Elias added.

"Having the policy doesn't change our product, it just changes the mindset of the purchaser. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share."

Read more:&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

Urban Property Group recently took over the development of Central Coast Quarter from St Hilliers. Elias says one of the advantages of LDI that benefits both buyers and developers is the incremental inspections that are undertaken by experts.

"If for whatever reason a developer or builder goes into administration, there's a third-party, independent record of what's been built to date, which is an important factor for both buyers who have bought into a development as well as a developer or builder taking over a project. It assures build quality throughout the process."

Urban Property Group's next development to launch with Resilience LDI will be <a href="/new-apartments/mayfair-on-penrith-172-lord-sheffield-circuit-penrith">Mayfair</a> in Penrith, their sixth and final development in the Thornton precinct.

The two-building development will comprise around 287 apartments by SJB, with the&nbsp;two-level colonnade reminiscent of Sydney's GPO building. The apartments will sit above significant retail on the&nbsp;large 8,280 sqm, Lord Sheffield Circuit site opposite the Penrith Station.

<img alt="Mayfair" data-entity-type="file" data-entity-uuid="fa181e55-fe1a-47c8-b503-a47abaf20b07" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-26%20at%2010.58.29%E2%80%AFAM.png?VersionId=V8LWOz22ZEkl6lx5zywWW3GmU3AHqI4k" />

Urban Property Group is also expecting to be offering the policy to buyers at Coast, their Little Bay apartment development they're hoping to launch early next year. It will be the first beach suburb to have LDI.

Coast will have around 75 apartments across three low-rise buildings on over one hectare of bushland at 11 Jennifer Street.&nbsp;

The project designed by <a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis Architecture</a> adopts the courtyard apartment type, which Hill Thalis founding principal Philip Thalis says is puzzlingly rare in Australian cities, despite its suitability to the climate and long architectural traditions of sociability.

<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,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Urban Property Group to take 10-year Latent Defects Insurance to Penrith and the Eastern Suburbs: Five minutes with Patrick Elias

Luxury developer Fortis is mixing up their Newstead, Brisbane project.

Fortis, who operate across the luxury apartment and commercial markets in Sydney and Melbourne, had been tinkering with the <a href="/new-apartments/12-kyabra-street-newstead">Kyabra Street site</a> since they acquired it for $5.775 million in early 2022 when it came with approval for an 11-level timber officer tower.

In February they sought to change the design of the building to create something more inkeeping with local architecture.

But now those plans are likely to be moot, given the recently submitted plans for a bureau^proberts&nbsp;designed building with 65 apartments. The architecture firm suggested in the planning documents that the new proposal both better aligns with changing market conditions and the local architectural context.

<img alt="12 Kyabra Street, Newstead" data-entity-type="file" data-entity-uuid="d8d0336a-66ec-4ffc-b538-a313fbd73f9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20front.png?VersionId=1IW.4oGgwYOjBzRp686rKN_q53eHH8Gk" />

"The iconic form is a contribution to the future skyline of Brisbane and responds to the changing identity of its inner-city suburbs,"&nbsp;<a href="/architects/bureauproberts">bureau^proberts</a>&nbsp;noted in their design statement.

"Situated in an ‘inner city sustainable growth precinct’, 12 Kyabra St’s contribution of an increase in housing is in line with the precinct planning laid out by the Brisbane City Council."

They said the tower is anchored by a solid brick and masonry podium, softened by lush planting.

"The materiality pays homage to the iconic brick warehouses that define Newstead’s identity. This historical reference anchors the development in its context and provides a sense of recognizable identity to the streetscape."

The new 22-level tower will now house a mix of 54 two-bedroom and 11 three-bedroom apartments.

<img alt="12 Kyabra Street, Newstead podium" data-entity-type="file" data-entity-uuid="b36e3fb2-1767-4ad9-b550-0dc4642082f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20podium.png?VersionId=UARmPNYtzZXkD1R23qrpeqY22anvZx3g" />

Vertical greenery and strategic screening will provide privacy while offering views of the city and river.&nbsp;

The building’s profile is slightly angled to capture long-term view lines to the CBD and allow filtered light into the apartments.&nbsp;Residents will also be provided with a rooftop and outdoor space with views of the CBD and the Brisbane River.

Fortis, the development arm of funds manager Pallas Capital, is currently developing its first Brisbane development, on the water at Kangaroo Point.

<a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a> features 14 full-floor apartments, each with 260 sqm of internal space, across a 14-level building on O'Connell Street.&nbsp;

In Melbourne they've been active too, <a href="/news/vic/fortis-launch-mixed-use-richmond-development-wiltshire-house">recently launching Wiltshire House in Richmond</a>.

First look exclusive: Fortis flick offices to apartments in Newstead 

Renowned Gold Coast construction firm Greyburn is making significant headway on the luxury Isle of Capri villa development, Capri.

Greyburn poured the initial concrete slabs for the villas this week, a major milestone in the build of the 48 villas that make up the 1.12-hectare gated community being delivered by&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a>.

Over the next six weeks, work will focus on developing the internal roads and constructing the external walls of the villas which are part of the first&nbsp;major residential project on the <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a> in over 30 years.

[smartcode_project:default project_id=139511 project_image_fid=280882]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and <a href="/architects/bda-architecture">BDA Architecture</a>, Capri offers two and three-level villas centred around resort-style amenity including a pool with submerged lounge chairs, a sundeck, an outdoor dining terrace, a covered barbecue area, and a lounge equipped with a kitchen, bar, TV, lounge, and fireplace.

The gated community is strategically located, providing residents convenient access to Southport’s private schools, Broadbeach’s dining and entertainment precinct, Bundall’s commercial centre, and the HOTA arts precinct.&nbsp;

[smartcode_project:default project_id=139511 project_image_fid=213450]

It is also within 800 metres of the cafes, restaurants, and shops at Capri on Via Roma, including Harris Farm Markets.

Capri has proven particularly attractive to empty nesters, with most sales to date made to downsizers from nearby suburbs.&nbsp;

Construction of Capri is track for completion in late 2025.

[smartcode_project_cta:default project_id=139511]

mikah.m@urban.com.au

Construction advances at luxury Isle of Capri villas

Leading Australian integrated property development group, Aqualand, has today formally opened its greatly anticipated <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> mixed-use precinct.

Project delivery partners, stakeholders, staff and special guests joined the Mayor of North Sydney, Zoë Baker, <a href="/developers/aqualand-australia">Aqualand</a> Group Managing Director, Jin Lin, and Aqualand Group Executive Chairman, Warwick Smith AO, for the ribbon-cutting ceremony at the new development at&nbsp;168 Walker Street, North Sydney, which was followed by a celebration in the new project precinct.

Towering 28 storeys above the streetscape, and commanding stunning views of Sydney Harbour, the striking $1 billion&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>-designed mixed-use residential community features 386 luxury apartments above a richly landscaped community precinct, including a two-storey curated food and beverage podium with four world-class venues operated by their hospitality business, Etymon Projects.

The landmark building is Sydney’s latest example of architecture as sculpture, a category that includes some of the city’s most memorable buildings, including the Sydney Opera House, Barangaroo House and Darling Harbour’s The Exchange.

<img alt="AURA by Aqualand ribbon cutting" data-entity-type="file" data-entity-uuid="613b3d64-3355-46dc-8c49-ba8c972539a4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/DSC03116.jpg?VersionId=jkbTzh7xg_XWekAp_8SyzeWunSSy7KnE" />

AURA’s gracefully undulating organic shaped facade creates the illusion the single structure is divided into four separate towers, with staggered peaks stepping down from level 29 to level 23. Its distinctive hourglass shape cinches in at the level-nine ‘waist’ of the building, where the resident’s community centre is located.

Architect Jason Fraser, Principal at Woods Bagot, sought inspiration from the eroded sandstone forms of Sydney Harbour’s water’s edge and the ever-changing play of light on the water, with its ground plane featuring the same natural sandstone seen all through the prestigious suburb, to integrate the building into the unique landscape.

Delivered by Aqualand’s internal construction arm, <a href="/builders/aqualand-australia">Aqualand Construction</a>, work on the project commenced in January 2020 and saw hidden luxury inclusions built into every layer of the building’s fabric to future-proof the structure, rather than just expressed via the visible fixtures and fittings.

AURA’s luxury oversized apartments exceed the minimum building requirements, with the standard size for a two-bedroom apartment in the area measuring 80sqm, whereas AURA’s measure 95sqm, plus a wintergarden, making them well over 100sqm in total.&nbsp;

<img alt="AURA by Aqualand worm view" data-entity-type="file" data-entity-uuid="81d90657-b28e-4119-81a5-d3fd43253fc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/aura-dslr-26.jpg?VersionId=B_F.ccdZjgQbnhJfqE5kFmRwtOxgnYzx" />

Residents are set to benefit from an elevated luxury lifestyle with amenities including a dedicated concierge service, wellness centre with gym equipped with world-leading fitness technology brand TechnoGym, pool and spa. A glamorous rooftop area offers a sky sun deck, private dining spaces, barbecue and kitchen space for year-round al fresco entertaining.&nbsp;

The community centre includes working and entertaining amenities, including a cinema room.

Luxury inclusions include the integration of the latest technology, including provisions to charge electric vehicles. A pool of Tesla share vehicles is available for residents to hire, all apartments have full fibre nbn internet connections, and Wi-Fi hot spots have been installed in common areas throughout the entire building.

Crowning the tower are the <a href="/interior-designers/richards-stanisich">Richards Stanisich</a>-designed Aqua and Prima penthouses, which share the entire 28th level. The largest penthouse, Aqua, features a master suite, complete with substantial walk-in dressing area and ensuite, three other bedrooms, second ensuite &nbsp; and another bathroom, powder room, open plan kitchen, scullery, substantial dining area and generous living room divided by a feature fireplace, and a multifunction wintergarden, which is ideal for a study and adjoining office breakout space.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=284307]

To assist residents with their lifestyle needs, Aqualand has appointed Etymon Concierge to deliver tailored specialised concierge services onsite, as well as premium bespoke lifestyle management.

Whilst these traditional concierge services will be provided to all AURA residents as part of their strata, such as the booking of amenities, including the pool, gym, rooftop Sky Deck, community room, meeting rooms and other bookable spaces - either face-to-face or via a dedicated app - two more bespoke layers of services will be available at additional cost. 
Known as Concierge Now, the second tier offering includes the sourcing and management of specialist services such as dinner party organisation, the curation of a wine cellar, or executive assistant expertise, for instance.

The top-tier lifestyle management service, known as Black Key, is by invitation only and provides the ultimate in bespoke personalisation. This could include a range of everyday discrete services, from having groceries delivered, pets fed or plants watered, dinners or snacks and coffees ordered and delivered, recommendations on touring cultural events, including ticket sourcing, right up to organising visas and airfares for international travel. &nbsp;&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=284310]

AURA’s extensive podium level retail precinct provides residents with a curated shopping and dining destination on their doorstep, including Sol, a bakery, café and wine bar; Una, an artisanal providore; Soluna, an LA-inspired all-day diner and bar; and Genzo, a Japanese restaurant. A network of landscaped laneways welcomes visitors into the precinct.&nbsp;

Aqualand’s collaboration with award-winning landscape architects, <a href="/landscape-architect/turf-design">Turf Design Studio</a>, has resulted in a ground plane design that successfully integrates the project with the unique local environs of the characterful suburb.&nbsp;

This landscape design was recently embellished with the installation of the site-specific public art piece titled ‘landscape’ by UK artist Richard Sweeny, which graces the Walker Street entrance to the precinct.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=284311]

<a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> represents the fifth residential project delivered by Aqualand since the company’s launch in 2014, and today joins a portfolio of other completed luxury projects, including BLUE at Lavender Bay in Milsons Point and The REVY at Darling Island.

Jin Lin said the project’s completion in time for Aqualand’s tenth anniversary was fortuitous as it perfectly showcases what Aqualand has come to stand for over the last decade.

“We’ve achieved some remarkable milestones over the past 10 years, but really, we’re only at the start of our journey, and the future looks extremely promising," Jin Lin said.

"AURA stands as testament to us delivering on our objectives, which is to be the leader in positively transforming Sydney and our local communities through design excellence.&nbsp;

“We’re committed to collaborating with the world’s finest designers and delivery partners and have an unwavering commitment to design excellence and delivering the highest build quality possible. We exist to provide a new sense of place for people to live, work and play, with an enriched lifestyle at all levels, and AURA perfectly demonstrates all of these attributes."

Jin Lin said delivering AURA has been an incredibly challenging and rewarding experience for everyone Aqualand.

[smartcode_project:default project_id=30959 project_image_fid=284308]

"AURA will be home to more than just its residents. It’s set to become a North Sydney hub with its world-class retail spaces and the deep commitment invested in the suburb’s vibrancy and night-time economy through these venues.

“As the sole developer and builder of the state significant Central Barangaroo precinct, potential buyers there can now look to AURA as a living and breathing exemplar of what they can expect to us to deliver there. They can see the understated luxury we stand for first-hand, and this is incredibly rewarding."

Aqualand’s Head of Sales and Marketing, Alex Adams, said AURA’s completion is the start of an exciting new phase in the project’s customer journey.

“AURA is no longer an off-the-plan project. It’s now complete and move in ready. This removes any uncertainty in a potential buyer’s mind about purchasing off-the-plan, as they now have no doubt about the build quality. They can now see and feel the construction standards we insist on first-hand," Adams said.

[smartcode_project:default project_id=30959 project_image_fid=284265]

“As our clients start to take move into their amazing new residences soon, potential buyers can visit the brand-new sales showroom at the Walker Street entrance and book a tour of the beautiful display apartments, which are fully furnished by Space Furniture to choose the layout that best suits them. They can also now see the incredible resident facilities and experience the amazing hospitality venues in the podium levels. AURA’s unique contribution to the broader North Sydney community is now clearly evident.

“We’ve seen outstanding sales already for AURA, which is testament to our clients’ trust in us. We achieved $100 million in sales in February alone, with the outstanding figure breaking the North Shore record for the highest sales volume and revenue achieved in one non-launch month."

Adams says&nbsp;AURA’s sales performance is a key indicator of the robust luxury market, coupled with a dire shortage of luxury stock and persistent rental shortages adding further pressure.

"Our buyers understand AURA really is incomparable to any other projects on the north shore for so many reasons, including its close proximity to so many top-tier private schools being just one on a long list of unique selling points."

[smartcode_project_cta:default project_id=30959]

Aqualand Managing Director Jin Lin said the project’s completion in time for Aqualand’s tenth anniversary was fortuitous as it perfectly showcases what Aqualand has come to stand for over the last decade.

Aqualand officially opens landmark North Sydney apartment development, AURA by Aqualand

TWT Property Group's transformative $1 billion-plus masterplan in St Leonards is set to get larger.

TWT, which has around 9,500 sqm in the heart of St Leonards, has submitted plans to the North Sydney Council for a 4210 sqm site encompassing&nbsp;55-69 Chandos Street and 71-89 Chandos Street, St Leonards.

They're padding out the precinct, initially dubbed The Collective but referred to in the recent documentation as TWT Village, with another two mixed-use buildings that will home 137 apartments above retail, hospitality, and commercial office space.

<img alt="55-89 Chandos Street St Leonards" data-entity-type="file" data-entity-uuid="b8d8ad48-d68b-4a9a-bd03-5557e859a782" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Chandos%20Street%20ST%20LEONARDS%20perspective.png?VersionId=5hbvetdYUOcG7Sow.hCn1peQfPHw93h1" />

<a href="/architects/smart-design-studio">Smart Design Studio</a> has put together plans for the two 11 and 12-level buildings, suggesting in their design statement that the large mixed-use sits within the evolving town centre of St Leonards and is a wonderful opportunity to create a distinctive and appealing architectural and urban response.

"Surrounded by greenery, the combined site will be framed by the proposed tree-lined Oxley Street linear public park and the new through-site-link which connects Chandos Street to the transport hubs of St Leonards."

The apartments on offer will be a mix of studio, one, two and three and four-bedroom apartments.

<img alt="TWT" data-entity-type="file" data-entity-uuid="02a89efc-1e20-4350-aed7-a741dc57afde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-27%20at%203.48.34%E2%80%AFPM.png?VersionId=j3C51lO_3bCQmIJQIX1XsPlboy5sXv4Q" />

The Design Verification Statement said that combining the two Chandos St sites&nbsp;offers significant benefit, providing the opportunity to address key issues at an urban scale, such as the best location for the north to south through-site-link and combined public domain benefits, as well as allowing a cohesive and considered approach to the architectural design of the buildings.

"A consistent approach to the architectural expression is established for a greatly improved urban outcome," the statement read.

"Combining what was originally four sites provides the opportunity to apply a more uniform approach to the design of the buildings to achieve a strong and appealing design outcome."

Ethos Urban says the TWT Village refers to a large landholding within St Leonards that is being delivered by TWT Global, whereby several different planning applications have been lodged and approved.

"Whilst all these proposals are capable of standing alone and can be addressed, constructed and operated independently from each other, it is anticipated that these buildings will become an interconnecting village."

Earlier this year <a href="/news/nsw/twt-appoint-westbourne-construction-to-build-first-stage-of-1-billion-st-leonards-masterplan-the-collective">TWT apppointed Westbourne Constructions</a> as the builder of the masterplan.

The inaugural phase of The Collective will introduce 93 residences with one to four-bedroom configurations. The low-density design has been created by Team2 Architects and will have interiors by DBI.

First look exclusive: TWT expand $1 billion St Leonards precinct

Melbourne developer&nbsp;<a href="/developers/pask-group">Pask Group</a> will welcome off the plan apartment buyers to its luxury Palm Beach apartment development, Esplanade, in the coming weeks.

Esplanade was a hit with buyers during the pandemic, quickly selling out back in 2022.

Projeckt marketing company, NPA Projects, who sold the project on behalf of Pask Group, is completing its final pre-settlement inspections before handing over the keys to the homeowners.

"The building's been well handled by <a href="/builders/hutchinson-builders">Hutchinson's</a>," Andrew Erwin from NPA Projects said, adding that owners&nbsp;will receive their keys and move-in welcome packs on July 1.

&nbsp;

[smartcode_project:default project_id=107137 project_image_fid=182224]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and set in landscaping by <a href="/landscape-architect/form">FORM Landscape Architect</a>, Esplanade features two dual-level Beach Houses, 12 apartments, and two penthouses, ranging from 220 sqm up to 446 sqm.

The split-level, four-bedroom Beach Houses start on ground level, each with its own private plunge pool and living spaces wrapped around a private courtyard. Each Beach House also features two open-plan kitchens, living and dining areas, and separate guest quarters located on the lower floor.

The three-bedroom apartments, which start from 220 sqm, run at two per floor to level eight, and every apartment will have a large ocean-facing balcony.

[smartcode_project:default project_id=107137 project_image_fid=182233]

On the ground level is the resident amenity, which includes a 20-metre lap pool with wet edge and sunken lounges, outdoor dining areas and barbecue space, as well as a gym – cultivating a resort-style living experience and a strong sense of community.

<a href="/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;has continued to be one of the hottest markets on the Gold Coast from the pandemic through to now. <a href="/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">Ignite is heading back to the beachfront</a> having sold out <a href="/new-apartments/cabana-1-nineteenth-avenue-palm-beach">Cabana</a> at around the same time as Esplanade. They're planning a September launch for their new project on Jefferson Lane, 36 apartments designed by&nbsp;<a href="/architects/plus-architecture" target="">Plus Architecture</a>.

Sherpa has eyes on another project having acquired <a href="/news/qld/sherpa-secure-three-new-palm-beach-sites-for-next-gold-coast-apartment-development">three adjoining sites at 8-12 Sixth Avenue for its next project</a>, while they continue building <a href="/new-apartments/perspective-nexus">Perspective Nexus</a>, also in Palm Beach.

[smartcode_project_cta:default project_id=107137]

Buyers to move into Pask's The Esplanade, Palm Beach apartments

Sydney’s iconic Luna Park, one of Australia’s most recognisable amusement parks, has been listed for sale for the first time in two decades.

The sale is tipped to generate significant domestic and international buyer interest in the unique site on the shores of Sydney Harbour.

CBRE’s Simon Rooney, James Douglas and Paul Ryan have been exclusively appointed to steer the campaign for the landmark amusement attraction on behalf of global investment firm Brookfield.

Rooney said the sale presents a unique opportunity to secure the Luna Park business in a globally recognised Sydney landmark underpinned by outstanding investment fundamentals and a strong brand.

Trophy assets such as Luna Park are tightly held and rarely traded, with the campaign providing an opportunity to secure a world class entertainment, event and experience destination with further upside.”

<img alt="Luna Park" data-entity-type="file" data-entity-uuid="f8c653ae-c907-40fc-b958-72e46298e941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-26%20at%209.15.21%E2%80%AFAM.png?VersionId=YOfP_SPNmVPNLPJ4ogWr5wHPsnHPA0t6" />

John Hughes, CEO of Luna Park Sydney, said since opening in 1935, Luna Park has played an important role in Sydney’s social and cultural fabric.

"The business has undergone a strategic transformation, with a $40 million upgrade during the last four years adding new rides and immersive experiences, both of which are driving record visitation.

"Our outstanding management team is pursuing a strong pipeline of new opportunities that will further add value to the business.”

Luna Park Sydney now features 17 amusement rides, the heritage-listed Coney Island, 7,000 sqm of building floorspace including Sydney’s Immersive Big Top and the 1935-built Crystal Palace as well as a 389-space car park.

The existing floorspace provides opportunities to further enhance the profile of the precinct and drive income growth through additional amusement and immersive experiences or F&amp;B initiatives.

This follows a recent major investment in redeveloping the park’s Big Top as a 3,000 sqm multi-purpose venue, catering to growing global demand for captivating and all-in experiences.”

Luna Park will continue to operate as normal during the sales process.

Expressions of Interest in the Luna Park leasehold close in late August.

John Hughes, CEO of Luna Park Sydney, said since opening in 1935, Luna Park has played an important role in Sydney’s social and cultural fabric

Sydney's landmark Luna Park listed for sale

The under-construction Chevron One will be the only opportunity buyers have of living in a true high-rise tower on the small Chevron Island.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, developed by the Melbourne-based developer Bensons and being delivered by construction partner ICON, will be the only skyscraper Chevron Island will ever see.

Strict height limits of 33 metres enforced shortly after the 2019 approval of the 41-level tower by Marchese Partners means Chevron One, which will top out at 127 metres, will be the tallest tower to ever be built in the small village-style suburb.

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<a href="/builders/icon">ICON</a>&nbsp;recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>&nbsp;comprises 228 one, two, and three-bedroom apartments, designed with open-plan living areas and kitchens designed by renowned chef Shannon Bennett.&nbsp;

Residents will have access to nearly 2000 sqm of resort-style amenities, including a private outdoor lagoon pool with a floating cinema, sculptured gardens, an indoor/outdoor beach, a lap pool, a spa and sauna, exclusive dining facilities, a resident’s lounge with barbecue facilities, a gymnasium, and a yoga and Pilates room.

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The popularity of Chevron Island has soared in recent years.

The boom has been reflected in enquiry data collected by MatterFact, the data product from&nbsp;<a href="/" target="">Apartments.com.au</a>. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Read more:&nbsp;<a href="/news/qld/from-sleepy-village-to-the-cultural-hub-of-surfers-paradise-inside-the-growth-of-chevron-island">From sleepy village to the cultural hub of Surfers Paradise: Inside the growth of Chevron Island</a>

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ICON recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after

Chevron One: Live in Chevron Island's only skyscraper

South Melbourne's recently completed The Eighth offers some of the largest apartments on offer in the sought-after suburb on the fringe of the St Kilda Rd precinct.

The final two and three-bedroom apartments in the building developed by&nbsp;<a href="/developers/crema-group">Projects by Crema</a>&nbsp;start from 128 sqm and feature open plan living rooms, modern kitchens, stone baths, and private lift access.

&nbsp;

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Designed by <a href="/architects/fraser-partners-0">Elenberg Fraser</a> and Kennon, <a href="/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne">The Eighth</a> draws design inspiration from classic apartment buildings in New York and London.

The 18-level building includes two levels of commercial office space, 36 high-end apartments, a resident rooftop with a swimming pool and bar, and a holistic corporate wellbeing business on the podium level.

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Located in <a href="/developments/melbourne-vic">Melbourne</a>'s Domain Precinct, The Eighth is in an ideal transport pocket, just off the bus stops on Park Street and the new ANZAC Station.

Convenience is at the foot of the building in the Palms Cafe and Beppi's Wine Bar is on the ground floor. Coffee spots are also plentiful nearby.

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Inside the final apartments at South Melbourne's The Eighth

Salter Brothers' latest development, <a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a><a>&nbsp;Ivanhoe</a>, is set to bring a range of lifestyle amenities to the heritage-rich suburb of <a href="/developments/ivanhoe-vic-3079">Ivanhoe</a> in Melbourne.&nbsp;

Designed by architect <a href="/architects/john-demos-architects">John Demos</a> and interior designer <a href="/interior-designers/kathy-demos">Kathy Demos</a>, <a>Candela Ivanhoe</a> offers 62 smart and flexible apartments across six light-filled levels, designed to suit all purchasers whether they be downsizers, first home buyers, couples, or families.

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Beyond the private living spaces, <a href="/developers/salter-brothers">Salter Brothers</a> has integrated several community-oriented and environmentally-friendly features.

Starting on the ground floor is Candela’s providore and in-house café, providing residents with convenient access to artisan food and barista-quality coffee.

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The cafe doubles up as a wine bar to become a great meeting spot for anytime of the day.

Fitness enthusiasts can participate in exercise classes on the rooftop garden or simply lounge around with neighbours in the alfresco atrium.

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Salter Brothers has also incorporated a range of initiatives to promote energy efficiency, harness renewable energy, and create a community that prioritises the environment.

The installation of double-glazed windows and a 25kW solar array on the rooftop has earned the development a remarkable 7-star NatHERS average energy rating, surpassing the 6-star energy rating average.

Rainwater tanks are also strategically placed to collect water for reuse in toilet flushing and irrigation.

This not only benefits the environment but also significantly reduces the Owner’s Corporation costs, making sustainable living accessible to all.

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Candela Ivanhoe will be situated just a six-minute walk from Ivanhoe Station, in a prime location with a walk score of 90/100.

Residents will enjoy convenient in-building amenities and easy access to local amenities, including nearby parks, restaurants, and prestigious schools.

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The cafe doubles up as a wine bar to become a great meeting spot for anytime of the day.

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