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;

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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?

Sydney's busiest apartment developer Deicorp is continuing its dominance in Sydney's inner-city suburbs.

They've filed plans with the City of Sydney Council for their <a href="/new-apartments/130-joynton-avenue-zetland">2.86-hectare Joynton Avenue site</a>, the former AusGrid facility they secured two years ago.

The proposal is for nine new buildings as part of a new mixed-use precinct at the end of Zetland Avenue, near Gunyama Park. There will be a total of 574 apartments at a cost of just over $300 million.

Akin to its other Zetland apartment development Downtown, the new development, dubbed The Avenues, in the planning documents, will have extensive retail at street level.

Designs have been drawn up by Fender Katsalidis, Candalepas Associates and Lachlan Seegers Architects for the nine buildings.&nbsp;The larger buildings, labelled A, B and C on the perimeter of the site, have been designed by Fender Katsalidis.&nbsp;

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="6fb264fa-6872-42b8-81a6-18be48abf870" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-13%20at%2010.47.05%E2%80%AFAM.png?VersionId=VRb2qLsnaakvT8Lyll54bVMQECaltz7N" />Building A by Fender Katsalidis

Building A, next to Woolwash Park, will be the tallest of the three at 14 levels. That will home 93 apartments. Building B will have 76 apartments across 12 levels, while building C, next to Biyanbing Park, will rise just eight levels with 61 apartments

Building A will home a providore grocer, cafe and bistro on the ground floor. Building B will have a coffee pop up, juice bar, and a speciality food retailer and Building C will have a large restaurant, a smaller restaurant, and a food and beverage outlet.

The three buildings FK has designed will home 230 apartments, 44 one-beds, 162 two-beds and 24 three-bedroom units.

<img alt="FK" data-entity-type="file" data-entity-uuid="69fdba1d-896f-494d-b7ee-6c9a9cd8a251" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%209.39.26%E2%80%AFAM.png?VersionId=ha84O5O5hpAyE21fEr6f.3MAtSm8xEDX" />Building C by Fender Katsalidis

Candalepas designed several of the other smaller buildings. They will bring the other 344 apartments,&nbsp;62 one-beds, 231 two-beds and 51 three-bedroom units.

The Design Verification Statement, signed by&nbsp;Angelo Candalepas, said the proposed building provides a density within the constructs of both the Sydney Local Environmental Plan and the City of Sydney’s current Development Control Plan.

"As such, the proposal is reflective of the future desired character for this area. Given its inner-city location, the Site is well-serviced by local infrastructure, public transport, employment, community facilities, parks, shopping etc."

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="533d57d2-ebc6-4278-a731-7aff71abc137" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-13%20at%2010.44.48%E2%80%AFAM.png?VersionId=RFUzElWmRRukb8VkxBiRTDfzW6yvMkRl" />Building D1 by&nbsp;Candalepas Associates

On the design, Candalepas said the materials are unified and developed as a series of earth-coloured brick structures that provide a deliberate warmth to the centre of the heavily landscaped site.

"The proposal is based around building forms with elegant proportions, contextual linkages as well as a number of pleasuring aesthetic offerings such as textural variety and the carefully considered interplay of light and shadow."

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="dae51cfc-3655-457e-801b-400480bc3bc8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-15%20at%209.47.58%E2%80%AFAM.png?VersionId=WXY42GnG41Rh7kdWGOd_6JV2rkaQqA74" />Building E2 by&nbsp;Lachlan Seegers Architects

The buildings will be sustainable, with the design of the&nbsp;façade developed as a thermally efficient high-performance envelope, to optimise passive thermal design principles and provide user-controlled, external shading devices in conjunction with natural ventilation to regulate thermal comfort.

"We propose to deliver an Environmentally Sustainable Design (ESD) that will not only respond to the regulatory challenges of achieving BASIX and SEPP Sustainable Buildings 2022 targets, but will also provide a vibrant, engaging and healthy development for residences,"&nbsp;Candalepas noted.

Deicorp is one of Sydney's most active developers. It has live developments in Zetland, Parramatta and several in Sydney's Hills District, while also preparing to launch apartments in Melrose Park, Rhodes and Crows Nest.

<h2>Joynton Square Summary</h2>

Address: 130 Joynton Avenue, Zetland

Site: 27,980 sqm

Developer: Deicorp

Architects: Candalepas Assocaites, FK and&nbsp;Lachlan Seegers Architects

Apartments: 574

Parking: 229

First look exclusive: Deicorp submit plans for The Avenues, mixed-use Zetland precinct

Developer Siera Group has quickly established itself as one of the busier apartment developers on the Gold Coast in recent years.

Having launched Tapestry on Chevron Island 18 months ago, Siera has since progressed quickly on two more developments, Pipis on the Bilinga beachfront, and a soon to be launched project on <a href="/new-apartments/exhale-surfers-paradise">Enderley Avenue</a>, just off Northcliffe Beach in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

With everything going on at <a href="/developers/siera">Siera Group</a>, we catch up with Siera Group's Founder and Managing Director, Brent Thompson, to talk about what they're up to.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KQ9mbDD0Mgs?si=7hlovVic1Z3nYElJ" title="YouTube video player" width="560"></iframe>

With everything going on at Siera Group, we catch up with Siera Group's Founder and Managing Director, Brent Thompson, to talk about what they're up to

Michael Bird

Inside Siera Group's three very different Gold Coast apartment developments

Metro Equity PG is attracting families to its unique Doncaster townhouse development, <a href="/new-townhouses/arden-residences-doncaster-east-18-amdura-road-doncaster-east">Arden Residences</a>.

The townhouses are designed for a large family. Each townhome has four bedrooms across a three-level floor plan, with an open-plan layout that connects the kitchen, dining, and lounge to north-facing outdoor areas for indoor-outdoor living and entertaining.

Arden Residences' large family-centred design combined with its strategic location further caters to family buyers seeking a new home in a well-connected and vibrant community.

[smartcode_project:default project_id=142485 project_image_fid=229775]

Strategically located 17 kilometres east of Melbourne’s CBD and within the highly sought-after <a href="/developments/doncaster-east-vic-3109">East Doncaster</a> Secondary College and Donburn Primary school zones, Metro Equity PG positions the family buyers at the epicentre of education and leisure.

The surrounding area is home to libraries, parks, and restaurants, offering a well-rounded lifestyle for young and established families.

The development's location also provides access to natural reserves and major sports and entertainment precincts, supporting a balanced lifestyle of convenience and recreation.

[smartcode_project:default project_id=142485 project_image_fid=229776]

The proximity to Tunstall Square Shopping Centre ensures residents have access to daily necessities, including retail outlets, cafés, and bakeries.&nbsp;

Westfield Doncaster Shoppingtown, one of Victoria’s largest shopping centres, provides a broader range of retail stores, galleries, and diverse dining options.

Arden Residences starts at $1.49 million, with potential homebuyers eligible for stamp duty savings.

[smartcode_project_cta:default project_id=142485]

Arden Residences will sit within the highly sought-after East Doncaster Secondary College and Donburn Primary school zones

mikah.m@urban.com.au

Metro Equity PG caters to families in Doncaster townhouse development, Arden Residences

Sherpa Property Group&nbsp;has announced a significant donation to Serving Our People.

It's giving all the proceeds of a $1.2 million apartment in its luxury Palm Beach apartment development,&nbsp;<a href="/new-apartments/perspective-nexus">Perspective Nexus</a>&nbsp;to Serving Our People's essential projects, such as The People’s Market, Feeding Our People, and other programs addressing current rising cost of living and welfare to the community across Queensland and New South Wales.

The proceeds will provide crucial support in the form of non-perishable groceries and household items as well as other vital programs such as Youth Empowerment, and children and family welfare programs supporting all those in need.

[smartcode_project:default project_id=108324 project_image_fid=231830]

"At&nbsp;<a href="/developers/sherpa-property-group">Sherpa Property Group</a>, community upliftment is paramount. This donation underscores our dedication to making a positive difference in the community," said Christie Leet, Founder of Sherpa Property Group.&nbsp;

“Sherpa remains in true alignment with the values of Sherpas, with an unwavering commitment to serving people and our community and facilitating the journey of others.

“We’re honoured to be cultivating a culture of giving back to the wider community with partnerships amongst the many consultants, builders, trades, suppliers and subcontractors involved in Nexus.

“Our partnership with the incredible team at <a href="/builders/lps-group">LPS Group</a> has been monumental, their contribution of expertise has maximised the impact of the donation and has ensured that every dollar raised directly benefits Serving Our People’s vital initiatives.”

[smartcode_project:default project_id=108324 project_image_fid=250148]

Mark Short, Director of construction firm LPS Group, emphasised the project's significance amid the ongoing housing crisis.&nbsp;

"Joining forces with Sherpa Property Group to support Serving Our People is both an honour and a responsibility. Together, we're leveraging our expertise to drive tangible change, underscoring our collective dedication to community welfare.&nbsp;

“It's truly rewarding to be involved in a project that has such a meaningful impact on the community.”

Since its inception in 2020, Serving Our People has been at the forefront of addressing the intensified challenges faced by Australians from all walks of life, including homelessness, food insecurity, unemployment, and housing instability.&nbsp;

With a surge in demand for support, Serving Our People's initiatives, like The People’s Market, have become lifelines for vulnerable individuals and families.

[smartcode_project:default project_id=108324 project_image_fid=250147]

Yas Daniel Matbouly, Founder and CEO of Serving Our People, said the donation is the single largest the charity has received

"The funds raised will directly impact The People’s Market, Feeding Our People program, Feed 100 children as well as our emergency relief and vital programs who need them most”, Matbouly said.

&nbsp;

As Serving Our People continues to expand its reach and impact, Sherpa Property Group's donation stands as a testament to the power of collective action in fostering positive change within communities. Together, they are paving the way for a future where every individual has access to the resources they need to thrive.

Serving Our People’s The People’s Chance Raffle platform could present an opportunity for this apartment to be raffled contributing to Serving Our People's impactful initiatives while also having a chance to win a prestigious property.

[smartcode_project_cta:default project_id=108324]

Sherpa Property Group Makes record $1.2 million apartment donation to Serving Our People charity to fight food insecurity and cost of living crisis

Sherpa donate $1.2 million apartment proceeds to Serving Our People

After completing the transfer of the One Global Conference Centre, Iwan Sunito’s <a href="/developers/one-global-capital">One Global Capital</a> has continued its buying spree securing The Grand Shopping Centre at <a href="/developments/eastlakes-nsw-2018">Eastlakes</a> in Sydney’s east.

It's paid $19.5 million, on a yield of seven per cent, for the shopping centre that sits beneath the Crown Group developed The Grand Residences Eastlakes.

“This acquisition will bring One Global Capital’s investment asset value to be in excess of $750 million,” One Global Capital Chairman and Group CEO Iwan Sunito said.

“We are at the early stage of growth phase of the company. I am very happy with the strategic acquisition that I have built up in the last two years.

“This significant acquisition forms part of a strategic seven-year vision to go public while growing the ‘recurring income’ of the company and building its mixed-use development capacity."

[smartcode_project:default project_id=7652 project_image_fid=262582]

The centre will eventually be rebranded from The Grand to The One Global Centre.

"The team is immediately working towards adding more mix including more convenience stores. We expect to fill up the space within three months following completion of the acquisition."

The first stage of The Grand Shopping Centre, which opened in July 2021, comprises over 3,000 sqm of retail space and consists of 16 outlets including a larger format ALDI, a Woolworths Metro and a range of specialty stores including Pattison Pattiserie, Wholelife Pharmacy, Australia Post and Newsagency, Ausome Nails, Akira Sushi, Hatch Espresso, SP mobile and Val Morgan Retail.

[smartcode_project:default project_id=7652 project_image_fid=262600]

Sunito said they want The One Global Centre to be the new community hub for the East.&nbsp;

“I am greatly inspired on the ‘walking village’ and ‘green concept’ of Brisbane’s James Street in Fortitude Valley and West Hollywood. We want The One Global Centre to be a centre that brings green to the area and also to rediscover its social and cultural roots.

“I believe that The One Global Centre being surrounded by many of the residents around it and the low-rise buildings is ideal for this walkable village and green centre concept.”

[smartcode_project_cta:default project_id=7652]

The Grand Residences Eastlakes to benefit from One Global Capital's shopping centre purchase

The NSW government has announced the development of three new mini-cities in <a href="/developments/sydney-nsw">Sydney</a>'s north and northwest, which will include tens of thousands of new homes situated close to train or metro lines.

These projects are part of the $520 million Transport Oriented Development (TOD) Program, aimed at addressing the housing shortage by creating high-density residential areas well-connected to public transport.

The first rezoning proposals have been released, targeting <a href="/developments/kellyville-nsw-2155">Kellyville</a> and <a href="/developments/bella-vista-nsw-2153">Bella Vista</a>, <a href="/developments/hornsby-nsw-2077">Hornsby</a>, and <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>.&nbsp;

These areas will see the addition of 30,000 new homes, with a focus on affordability and accessibility.&nbsp;

The developments will be high-density and fast-tracked through fundamental changes to planning laws, with a two-year timeframe set for commencement.

Kellyville and Bella Vista precincts, encompassing Stanhope Gardens and Glenwood, are among the first to be transformed.&nbsp;

These areas, located near metro stations and public transport interchanges, are primed for increased housing density.&nbsp;

The TOD Program's rezoning proposal for these precincts includes the potential for up to 20,700 additional homes, with a mandatory affordable housing contribution of three to eight per cent, resulting in 620–1,650 affordable homes managed by a registered Community Housing Provider.&nbsp;

The precincts' boundary has been defined to include housing within 1,200 metres of transport hubs, promoting walking and cycling as primary modes of transportation and reducing reliance on personal vehicles.&nbsp;

Previous infrastructure upgrades, including the Sydney Metro NorthWest line, road enhancements, and new school facilities support this strategic planning.

Additionally, new open spaces, pathways, and cycleways are planned to enhance the livability of the area.

The planning for Kellyville and Bella Vista has involved extensive consultation with The Hills Shire Council, Blacktown City Council, and other government agencies to ensure the necessary infrastructure is in place to support the new homes.

This collaborative approach will also consider community feedback, with the final proposal set to reflect the views and needs of local stakeholders.

NSW Government fast-tracks development of three new mini cities in Sydney's North and Northwest

Sales are coming thick and fast at Siera Group's luxury Bilinga beachfront apartment development, Pipis.

The burgeoning developer, who is also delivering Tapestry on Chevron Island and is soon to launch a <a href="/new-apartments/exhale-surfers-paradise">new tower on Enderley Avenue</a>&nbsp;just off Northcliffe Beach, has seen a huge uptake from both local and interstate buyers at Pipis, on the quiet strip of sand just north of Kirra.

Around 65 per cent of the buyers so far have been from the Gold Coast and Brisbane, a mix of owner-occupiers, downsizers and investors, while 35 per cent have come from interstate, more specifically outside of Sydney and Melbourne.

The main motivation of the buyers has been to find somewhere that allows them to live on the beach, to walk, swim and surf every day, but paired with a location that offered a more relaxed, slower-paced lifestyle compared to some of the busier Gold Coast beaches.

[smartcode_project:default project_id=138311 project_image_fid=264303]

Pipis comprises just 19 luxury beachfront apartments,&nbsp;17 half-floor, three-bedroom apartments and two two-level penthouses with four bedrooms which will be released to the market later this year.

Designed by&nbsp;<a href="/architects/ellivo-architects">Ellivo Architecture</a>,&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225" target="">Pipis</a>&nbsp;apartments boast spacious open floor plans spanning from 233 sqm to 314 sqm, with the kitchen, living, and dining areas flowing onto balconies overlooking the beach.

Pipis will be well connected to the Gold Coast, with the&nbsp;new light rail stop set to be just 300 metres away from&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225" target="">Pipis</a>&nbsp;at Boyd Street.

[smartcode_project:default project_id=138311 project_image_fid=264300]

Siera Group Managing Director Brent Thompson says that while people see the apartments as a home, they also see it as an investment.

"Some of our buyers its an investment as much as a lifestyle play," Thompson says.

"They see the opportunity where they can appreciate good capital growth over the next decade. Those properties are beocming rarer and rarer and baechfront sites are becoming harder to amalgamate."

Thompson says that not only do the apartments present good value compared to the southern states, they represent good value compared to the rest of the Gold Coast.

"When you look at the Tugun, Bilinga beachfront, we're able to deliver 300 sqm apartments for around $15,000 per square metre. Anywhere else that's absolute beachfront on the Gold Coast, like Main Beach, it's more like $25,000 a metre. It's an&nbsp;amazing value proposition."

[smartcode_project:default project_id=138311 project_image_fid=264302]

Pipis is under construction by LPS Group and is expected to be compelted by early-2025.

Siera Group's next development is on Enderley Avenue where they will launch 54 apartments designed by BDA Architecture in the coming months.

[smartcode_project:default project_id=112661 project_image_fid=283645]

There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.

Thompson believes the majority of buyers at Enderley will be local downsizers.

"We want to really elevate the liveability factors of an apartment for a downsizer, and we think, on top of larger sized apartments with good design, we can do that with extensive amenity," Thompon says.

Read more:&nbsp;<a href="/news/qld/the-gold-coasts-hottest-apartment-developments-set-to-launch-in-h2-2024">The Gold Coast's hottest apartment developments set to launch in H2 2024</a>

Local and interstate buyers drive Pipis Bilinga apartments to 75% sold

It might still be eight years out from the 2032 Brisbane Summer Olympics, but there seems to be no end to the boom occurring in both Brisbane's house and unit markets.

Brisbane's unit market is on track to grow over 20 per cent in 2024, based on the performance in the first six months of the year.

June marked another 1.8 per cent value jump in units, taking the value increase up to 10.3 per cent year to date, CoreLogic's latest monthly Home Value Index showed. It's the second best performing unit market in the country this year, only behind Perth (+13.7 per cent).

Brisbane's median unit value is now $622,000. The staggering price growth has seen Brisbane unit values overtake both Melbourne and Canberra to be the second most expensive unit market in the country, only behind Sydney.

<h2>What happened in Brisbane’s off the plan apartment market in June</h2>

The main reason for Brisbane's huge price growth, particularly in the unit market, is the supply issues facing the capital.&nbsp;

There are very few developers actively in market, and those that are are focusing on the high-end, luxury developments that might only comprise a handful of apartments.

That's pushing supply to historic lows, while demand continues to swell due to the relative affordability compared to Sydney, and the prospect of further price growth given the billions of dollars of infrastructure projects underway ahead of the 2032 Brisbane Summer Olympics.

One developer able to move ahead with their project is the Sydney-based <a href="/developers/sarazin">Sarazin</a>. They've appointed Hutchinson's to build their <a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> apartment development, <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a>.

[smartcode_project:default project_id=135094 project_image_fid=214681]

Murcia Residences, named after its design influence of the Spanish city, comprises 186 one, two, three, and four-bedroom apartments with open-plan living spaces that integrate indoor and outdoor areas.&nbsp;

Crowning the development will be an infinity pool, accompanied by private poolside cabanas and sun lounges.

Murcia will sit just 500 metres away from the new Cross River Rail Station, slated for completion in early 2025, with the convenient transportation hub set to connect residents to the rest of the city.

[smartcode_project:default project_id=135094 project_image_fid=214651]

There were two notable development applications submitted in June, both in&nbsp;<a href="/developments/newstead-qld-4006">Newstead</a>.

Luxury developer <a href="/developers/fortis" target="">Fortis</a>&nbsp;has tinkered again with their commercial deveopment on Kyabra Street. When they acquired the site 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 in keeping with local architecture.&nbsp;Now those plans are likely to be moot, given the recently submitted plans for a <a href="/architects/bureauproberts">bureau^proberts</a>-designed building with 65 apartments.

<img alt="First look exclusive: Fortis flick offices to apartments in Newstead " data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Kyabra%20St%20east%20pers.png?VersionId=hRC8.BRC23oxayj.iopUAjekM6IBoBtJ" />

The architecture firm suggested in the planning documents that the new proposal better aligns with changing market conditions and the local architectural context.

The new 22-level tower will now house a mix of 54 two-bedroom and 11 three-bedroom apartments.

Jonathan Leishman’s Churchill Development Group is also seeking to add some much needed supply to the Brisbane market, submitted plans for a mixed-use development fronting Breakfast Creek Road.

Dubbed Breakfast Creek Quarter, the proposal aims to transform a 6778-square-metre site into a vibrant residential and commercial precinct.

<img alt="Breakfast Creek Quarter to bring three apartment towers to Newstead" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Breakfast%20Creek%20Quarter.png?VersionId=.q__qZTvUVBhq.eviLHhO_xzuyp21s2W" />

Designed by&nbsp;<a href="/architects/mas-architecture-studio">MAS Architecture Studio</a>, Breakfast Creek Quarter will comprise three towers rising 23, 26, and 28 levels with a total of 752 apartments. Around 80 per cent of the apartments are designated as build-to-rent.&nbsp;

The tallest tower however will feature 164 build-to-sell apartments.

At the ground level, the plan includes an activated laneway and a landscaped civic plaza facing Breakfast Creek Road, envisioned as an extension of Newstead Park, designed to enhance interaction with the streetscape.&nbsp;

The staggering price growth in has seen Brisbane unit values overtake both Melbourne and Canberra to be the second most expensive unit market in the country, only behind Sydney

City Beat July 2024: Brisbane units on course for 20 per cent gains in 2024

Golden Age Group has officially kicked off construction at its Box Hill South townhouse development, Wembley Hill.

Following approval from Whitehorse City Council, Golden Age has started civil works on the Hay Street project of 143 three and four-bedroom homes which are expected to complete in Q3 2026.

<a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a>&nbsp;will also feature 13,000 sqm of private green space and parklands curated by landscaper TCL.

&nbsp;

[smartcode_project:default project_id=104627 project_image_fid=222343]

Project architect, <a href="/architects/cox-architecture">Cox Architecture</a>, has selected a neutral palette of brickwork complemented by natural timber accents and vertical greenery. Strikingly individual, each townhome has a unique façade. The project design incorporates a host of energy and environmentally-conscious initiatives, such as rooftop solar panels, provision for EV charging, energy-efficient heating and cooling, and filtered rainwater connection to irrigation and utilities.

Over 60 per cent of the homes in stage one have sold, with buyers drawn to the development due its&nbsp;built-in sustainability which will deliver instant cost-savings for homeowners.

[smartcode_project:default project_id=104627 project_image_fid=222322]

The buyers are mostly young families looking for spacious, low-maintenance housing within the desirable <a href="/developments/box-hill-south-vic-3128">Box Hill</a> High School zone, and young couples taking their second step up the property ladder, moving up from small units.&nbsp;

With the development abutting directly onto Gardiner’s Creek Trail to the south, residents will enjoy immediate access to an abundance of parklands for exercise and recreation. &nbsp;Designed by award-winning Australian landscape architecture practice <a href="/landscape-architect/tcl">TCL</a>, the landscaping plans incorporate the planting of almost 200 trees amid shrubberies that will deliver year-round colour.&nbsp;

[smartcode_project:default project_id=104627 project_image_fid=222339]

The thoughtfully planned townhomes feature light-filled interiors designed by leading interior design firm, <a href="/architects/mim-design">MIM Design</a>, to provide residents with generous access to external views and ventilation, and allow flexible, adaptable living arrangements that support multi-generational living. &nbsp;

Wembley Hill was formerly home to Hays International College and is positioned next to Wembley Park, Box Hill Soccer Club, and Box Hill Golf Club. The location is five minutes drive from the central hub of Box Hill and is in easy reach of high-quality community amenities and public transport.

[smartcode_project_cta:default project_id=104627]

Wembley Hill was formerly home to Hays International College and is positioned next to Wembley Park, Box Hill Soccer Club, and Box Hill Golf Club

Civil construction starts on Golden Age's Wembley Hill townhouses in Box Hill South

Buyers have dived into Southport’s new $650 million <a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Monarch Place</a> with more than $40 million in sales achieved since its release to the market less than a week ago.

Owner occupiers and downsizers make up the largest cohort of buyers in the second stage of Robert Badalotti’s $3.8 billion Imperial Square development in the city’s CBD.

Designed by <a href="/architects/kris-kowalski-architects">Kris Kowalski Architects</a>, Monarch Place will introduce the first new retail and commercial tenancies, laying the foundation for Azzura’s vision of Imperial Square as a world-class destination encompassing residential, retail, commercial, and health facilities.

<img alt="Monarch Place" data-entity-type="file" data-entity-uuid="b7015918-c26b-4e6d-a156-e7da154bedf4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-11%20at%204.10.28%E2%80%AFPM.png?VersionId=RummgNs6m2U7NjIOEmQv3TRnAdKl2xI5" />

Sales to date have featured a diverse mix of one, two, and three-bedroom apartments, starting from $724,000.&nbsp;

The majority of interest has come from owner-occupiers and second homeowners, highlighting the project's broad appeal and the high demand for luxury living in Southport.

"Monarch Place marks a pivotal phase in our vision for Imperial Square and we are not surprised at the level of inquiry and current sales rates," said Badalotti, founder and CEO of Azzura Investments Limited.&nbsp;

“The market in Southport has been crying out for apartments in a precinct that offer all the trappings of masterplanned living.

"Monarch Place sets a new standard in downsizing purchases, offering unparalleled facilities that are unlike any other development ever produced and we are thrilled with the enthusiastic response from buyers, reflecting the demand for a comprehensive living experience in Southport."

<img alt="Monarch" data-entity-type="file" data-entity-uuid="9b379ccc-4654-4ef2-b6b1-f60305af2570" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-11%20at%204.10.23%E2%80%AFPM.png?VersionId=1.QThWw5x1HtQ2fEfQwZiaRCbhp5rV6g" />

Jason Paris, Sales Director of Raine &amp; Horne Elite, said the desire for luxury amenities and the prime location in Southport have driven significant interest in Monarch Place.

"We’ve seen a mixture of one-, two-, and three-bedroom apartments, which is the beauty of Monarch Place - there’s such a diverse mix of apartment offerings to suit everyone. Buyers are drawn to the high-end living spaces that offer both convenience and a vibrant lifestyle."

Buyers were particularly impressed by the attention to detail and high-end finishes of the apartments, as well as the extensive amenities and attractions available at Monarch Imperial Club.&nbsp;

<img alt="Monarch" data-entity-type="file" data-entity-uuid="74122a35-23de-43f4-a2b7-87b37859c943" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-11%20at%204.10.15%E2%80%AFPM.png?VersionId=9lngd8TmewCeXqu4D7RktxcvLqdByRED" />

The residential units include one-, two-, and three-bedroom apartments, two-storey sky homes, four-bedroom apartments, sub-penthouses with plunge pools, and luxury penthouses with private infinity pools.

The vibrant community and convenient location were also major draws for those seeking a modern and comfortable lifestyle.

Residents of Monarch Place will have access to the Monarch Imperial Club, which includes a gym, sauna, indoor pool, beauty parlour, entertainment rooms, cinema, golf simulator, art studio, library, workshop, bar, and restaurant. A 1,500-square-meter childcare facility will also be available on-site.

The soft launch of Monarch Place has demonstrated strong market interest and sets a positive tone for the upcoming construction phase.&nbsp;

Construction on the $650 million Monarch Place will begin in the coming months.

"Monarch Place marks a pivotal phase in our vision for Imperial Square and we are not surprised at the level of inquiry and current sales rates," said Badalotti, founder and CEO of Azzura Investments Limited

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