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

Joel Robinson

The inflation result the property market was waiting for

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

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

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

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

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

Central Element seeks second Drummoyne apartment development

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

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

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

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First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Off the plan apartment buyers in&nbsp;Habitat Development Group's latest Sunshine Coast development, The Corso in Maroochydore, are set to move in the coming months.

The developer's inhouse building arm is fast approaching completion of the $94 million apartment development, located in the burgeoning&nbsp;<a href="/developments/maroochydore-qld-4558">Maroochydore</a>&nbsp;town centre and the coastline.

[smartcode_project:default project_id=100708 project_image_fid=256030]

<a href="/buildings/the-corso-maroochydore-20-south-sea-islander-way-maroochydore">The Corso</a>&nbsp;will comprise 158 two and three-bedroom apartments across two towers. The south tower will home 116 of the apartments across 15 levels, while the nine-level north tower will have a further 42.

The apartments range in size from a generous 102 sqm up to the large 204 sqm penthouses. Prices start from $849,900 for a two-bedroom unit with one parking space.&nbsp;

[smartcode_project:default project_id=100708 project_image_fid=194875]

The two-tower development is anchored on the ground floor by a resort-style pool, with cabanas, day beds, and an adjoining lawn area.

On the fourth level is a private terrace that spans both towers that homes an exclusive dining room and panoramic views to the 20-metre pool below.&nbsp;

At street level, there will be seven commercial and retail spaces, intended for future retail and café options.

[smartcode_project:default project_id=100708 project_image_fid=197260]

The <a href="/architects/k-architecture">K Architecture</a>-designed building will rise above the adjacent purpose-built waterway and landscaped parklands of the newly proposed Convention Centre.

The location offers residents access to various amenities, including parklands, rivers, and beaches. Maroochydore's coastline is just four minutes away, with additional nature opportunities at Maroochydore Rotary Park and Cotton Tree Pier.

Only two and three-bedroom apartments and penthouse units remain available, following significant market interest and sales across all product types since the project's launch.

[smartcode_project_cta:default project_id=100708]

Only two and three-bedroom apartments and penthouse units remain available, following significant market interest and sales across all product types since the project's launch

mikah.m@urban.com.au

Maroochydore new apartment development, The Corso, approaches completion

Queensland property developer MAYD Group has been greenlit for a $350 million luxury hotel and residential masterplan development in North Kirra.

They've secured approval for a 160-key hotel room and 60 luxury residences including two penthouses and five unique double-storey beach houses.&nbsp;

MAYD, led by founder and director Todd Mould, amalgamated&nbsp;eight sites fronting Pacific Parade, Golden Four Drive and Musgrave Street to create a 4,742 sqm beachfront site overlooking North Kirra Beach.

<img alt="MAYD Group lodges plans for premium five-star hotel and residential masterplan at North Kirra Beach" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/00_4%20%281%29.jpg?VersionId=A2OiKnn4Fc06h0.ioLhhdbnNBZes00hj" />

“The opportunity to develop such a large beachfront site in North Kirra is a rare one that required a development design of architectural excellence and we are very pleased with the plans that we have created in collaboration with award-winning MAS Studio,"&nbsp;Mould said when the development application was submitted in September 2023.

MAS Studio designed the 10-level building at 2-6 Pacific Parade&nbsp;in collaboration with award-winning interior design specialists Mim Design.&nbsp;

“The Gold Coast is a world-renowned tourism and lifestyle destination and spots like Kirra are among the most popular with locals and visitors," Mould added.

"Given the site is just 1km from the Gold Coast Airport that is being expanded for extra capacity to attract new carriers and new international and domestic flight connections, we recognised the need for a five-star hotel, as well as private apartment residences, to meet demand from global travellers and people who work remotely.

“With 90 metres of beach frontage, holidaymakers and residents will enjoy sweeping beach and ocean views from their hotels and apartments, enjoying easy access to the white sands of North Kirra Beach, plus it’s only a short stroll to Kirra where there are restaurants, cafes&nbsp;and boutique stores.”&nbsp;

<img alt="MAYD Group lodges plans for premium five-star hotel and residential masterplan at North Kirra Beach" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/00_1.jpg?VersionId=74P_vrviXz0ihmKqLfyB5l5g98trcdRo" />

There will be two, three and four-bedroom apartments on offer, many benefitting from multipurpose rooms.&nbsp;

Exclusive to the building's residents will be an array of resort-style amenities including a private pool area with a sunken lounge and wet edge, a relaxation zone with sauna, shower and spa, yoga lawn, bar, barbecue facilities, a lounge and a cinema. Residents are also set to benefit from the hotel's five-star facilities, including a port cochere, valet room and laundry services, as well as the hotel pool, lounges and restaurant.

MAS Studio director and lead architect Nick Symonds said inspiration for the masterplan design of the North Kirra project responded to the large site’s prominent position at the gateway to Kirra.

“From the outset of our design process, we have been aware of the importance of this highly visible site and the obligation to create a statement entrance to Kirra, while at the same time blending in with the surrounding built forms," Symonds said.

“The design is strongly influenced by local context, reflecting the unique beauty of North Kirra Beach and relaxed beachside lifestyle, elevating it with luxury dwellings for those who share the passion of this unique lifestyle and location."

<img alt="MAYD Group lodges plans for premium five-star hotel and residential masterplan at North Kirra Beach" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/00_2.jpg?VersionId=TEaSA7CAstwheDPuIpLbXxgZ4u8lUoo4" />

There will be abundant greenery on the podium, which aims to cool the street where a row of beach houses, complete with their own private green courtyards, will provide a residential scaled address to the street.

“The building designs feature deep usable balconies, sunhoods, screens, and an abundance of greenery to compliment South East Queensland’s sub-tropical climate and provide privacy, while expansive windows capture breathtaking views, drawing in the natural light and air deep into apartments," Symonds added.

MAS Studio designed the 10-level building at 2-6 Pacific Parade in collaboration with award-winning interior design specialists Mim Design

First look: MAYD approved for North Kirra hotel and luxury apartment development

Noosa's off the plan property market is continuing to show strength due to its limited supply, with the sellout of Malola, a boutique new development in Noosa.

Malolo, 22 townhouses and apartments developed by <a href="/developers/davrus">Davrus</a>, has been designed by <a href="/architects/blackwood-architecture">Blackwood Architects</a>&nbsp;and has recently been completed by&nbsp;<a href="/builders/vantage-building-group">Vantage Building Group</a>.

[smartcode_project:default project_id=134080 project_image_fid=205483]

The townhouses are all two levels, designed with spacious interiors and ample natural lighting.

Each home is equipped with a modern appliance package by Bosch and features Smartstone benchtops and splashbacks, Omnistone tiling throughout, and optional wooden flooring.&nbsp;

The sizeable island bench in the designer kitchen offers flexibility for both formal and informal entertaining, flowing into the living and dining areas and onto the large, light-filled north and east-facing courtyards for some alfresco dining or relaxing.&nbsp;

[smartcode_project:default project_id=134080 project_image_fid=205485]

The four apartments in the development feature open living areas that extend to a private, outdoor patio.

Located within easy reach of Noosa River, Hastings Street, and Noosa Main Beach, Malolo residents will enjoy convenient access to the best of what Noosa has to offer.

[smartcode_project_cta:default project_id=134080]

Malola Noosa new development sells out

Samuel Property went beyond well-designed homes in its newest&nbsp;Melbourne apartment development, offering its future Louise residents exclusive amenities for a convenient, social, and active lifestyle.

If residents are not out running around Albert Park Lake, they can get their cardio workout in the comfort of the well-equipped gym or the skylight-illuminated private pool on the ground floor.

True to the building’s biophilic design philosophy, the presence of water helps reduce stress and improve health and wellbeing.

Residents can also simply relax in the steam room or enjoy a massage from the in-house spa.

[smartcode_project:default project_id=112174 project_image_fid=199597]

When entertaining family and friends, residents can book the dining room with a fully-equipped kitchen or use the private lounge area for informal gatherings.&nbsp;

The private lounge and adjacent dining room provide a flexible venue for hosting drinks, games nights, or special occasions with friends and family.

An outdoor terrace, beautifully landscaped, wraps around the communal areas.

[smartcode_project:default project_id=112174 project_image_fid=199599]

Designed by <a href="/architects/cera-stribley-architects">Cera Stribley</a>, <a href="/new-apartments/louise-melbourne-8-louise-street-melbourne">Louise</a> will feature 88 apartments, ranging from one to four bedrooms, with one-bedroom apartments starting at just under $600,000.

The initial number of apartments set to be delivered has been slightly adjusted as a result of many buyers choosing to amalgamate multiple floor plans, creating unique spaces tailored to their individual preferences.

Over 70 per cent of the Louise apartments have already been snapped up. Downsizers have made up a majority of the buyers so far, with many seeking the convenience of a lock-and-leave lifestyle that the apartments offer.&nbsp;

Moments from Louise, the leafy St Kilda Road is lined with tram routes to the city, less than five kilometres away, with stops at various arts and cultural destinations.

The 16-level Louise is currently under construction by the renowned builder <a href="/builders/hamilton-marino">Hamilton Marino</a>, which is on track to complete Louise in late 2025.

[smartcode_project_cta:default project_id=112174]

Designed by Cera Stribley, Louise will feature 88 apartments, ranging from one to four bedrooms

The extensive amenity at Louise, Melbourne new apartments

<a href="/developers/c-street-projects">C Street Projects</a> introduced a revolutionary product to the off the plan market in Australia.

With only eight north-facing townhouses available, <a href="/buildings/echo-hawthorn-360-auburn-road-hawthorn">Echo</a> offers discerning buyers an exclusive opportunity to own a Passivhaus-certified home in <a href="/developments/hawthorn-vic-3122">Hawthorn</a>.

Passive House, originally developed in Germany, has emerged as the gold standard in energy-efficient building design. It operates on a set of rigorous principles designed to drastically reduce energy consumption, lower operational costs, and enhance indoor air quality and thermal comfort for occupants.

Read more:&nbsp;What is Passive House? Echo Hawthorn to deliver Australia's first Passive Houses

Each three-bedroom townhouse is a commitment not only to thermal comfort, acoustic excellence, and occupant comfort but also to spacious, architecturally designed interiors.

The townhouses, designed by <a href="/architects/neil-architecture">Neil Architecture</a> to ease the routine of daily living, feature ample storage and durable finishes that require minimal maintenance.

[smartcode_project:default project_id=112386 project_image_fid=220725]

Echo's design philosophy emphasises calm and relaxation, with natural tones evident in the tile floors, timber joinery, and granite benchtops.&nbsp;

The tumbled limestone flooring was selected for its durability and easy maintenance, contributing to a grounded and easy ambience of the home.

The V-Zug-equipped kitchen flows into a large open-plan living space that extends to a northern outdoor space, accessible through a triple-glazed tilt-turn sliding door.

Additional storage is available through built-in living joinery and a TV unit, enhancing functionality without compromising on style.

[smartcode_project:default project_id=112386 project_image_fid=220728]

The main suite, located on the first floor, features a double vanity and bathtub, creating a practical and functional layout.

The master bedroom offers a view of the northern terrace, providing a private retreat within the home.&nbsp;

Each townhome is designed with multiple living areas to provide several sanctuaries for relaxation or to focus on work or study.

[smartcode_project:default project_id=112386 project_image_fid=220730]

The top floor houses two additional bedrooms, along with a study area or multi-purpose space and a central bathroom for children or guests.&nbsp;

A private double lock-up garage ensures secure and convenient parking and storage, with direct access to the home.

A residential lift to the first floor adds to the convenience, making the townhomes accessible for all residents.

Positioned just a short walk to Auburn South Primary, Auburn High, Riversdale Rd Tram, Freeway access and Sonny Ray Café, the townhomes' sustainable and practical features complement its outstanding location.

Limited stamp duty savings still apply.

[smartcode_project_cta:default project_id=112386]

Echo's design philosophy emphasises calm and relaxation, with natural tones evident in the tile floors, timber joinery, and granite benchtops

Inside the interiors of Echo, Hawthorn townhouses

DM Property is advancing sustainability in Melbourne with its latest townhouse development, <a href="/buildings/early-3191-sandringham-3-11-george-street-sandringham">Early 3191</a>.

With several active projects around the state – <a href="/developers/dm-property">DM Property</a> has a strong commitment to delivering exceptional developments that consider the environmental, social, and communities local to their projects.&nbsp;

Designed for maximum energy efficiency, the 35 three and four-bedroom Rothelowman-designed townhouses set a new standard for sustainable and communal suburban living in <a href="/developments/sandringham-vic-3191">Sandringham</a>.

[smartcode_project:default project_id=138081 project_image_fid=209564]

Each townhouse at Early 3191 features energy-efficient LED lighting, appliances, and fixtures, complemented by a 1.5kW solar photovoltaic system discreetly installed on the roof.

High-performance window glazing and design considerations aim for an average 7-star energy rating, ensuring residents benefit from lower energy consumption and costs.

[smartcode_project:default project_id=138081 project_image_fid=209565]

Several water-saving initiatives are incorporated into the building in the form of rainwater tanks to collect stormwater for irrigation and toilet flushing, which would result in an annual mains water saving of 6,675kL.&nbsp;

The development also adheres to the WELS star water efficiency methods and Best Practice standards for stormwater quality.&nbsp;

Committed to helping reduce emissions, each townhouse is equipped with bicycle storage and EV charging infrastructure in the garage.&nbsp;

Additionally, the location offers easy access to multiple public transport options, including Sandringham Railway Station, Southland Railway Station, and bus routes 825 and 822 nearby.&nbsp;

The East-West Cycle Trail is also conveniently located 850 metres away.

[smartcode_project:default project_id=138081 project_image_fid=246822]

Early 3191's sustainable initiatives extended to the Adele Bates-designed interiors where thoughtful design and practices were implemented to minimise environmental footprint.

All living areas and bedrooms are designed to maximise natural light and ventilation.

Low VOC interior paints, adhesives, and sealants are used throughout.&nbsp;

A four-bin waste system optimises recycling and reduces landfill waste, while retractable clotheslines encourage residents to minimise the use of clothes dryers.

Early 3191 is Bayside's most advanced project, set for completion in spring 2024.&nbsp;

Construction by <a href="/builders/saw-construction">Saw Construction</a> at Early 3191 is well underway and prospective buyers only have a few more weeks to customise their home, which could include a private lift.

e[smartcode_project_cta:default project_id=138081]

Early 3191 is Bayside's most advanced project, set for completion in spring 2024

DM Property integrates sustainability into Early 3191, Sandringham townhouses

With 99 per cent of the Heidelberg West market being single houses and townhouses, builder developer <a href="/developers/kincaid-projects">Kincaid</a> has taken great care to ensure its rare Cultivate apartment development is reasonably priced for first home buyers looking to enter the property market.&nbsp;

Cultivate offers stamp duty savings for first-home buyers, making owning a home even more accessible.

Tailored for first home buyers, Cultivate provides access to incentives such as the $10,000 First Home Owner Grant, stamp duty exemption, and the chance to buy with a five per cent deposit through the Victorian Home Buyer Fund Shared Equity Scheme or First Home Guarantee Scheme for units up to $600,000.

[smartcode_project:default project_id=628 project_image_fid=276967]

<a href="/buildings/cultivate-heidelberg-west-294-bell-street-heidelberg-west">Cultivate</a> offers 146 one, two and three-bedroom apartments across two 11-level buildings in one of Melbourne's most well-serviced employment areas.

The price for a one-bed apartments starts at $411,000, while the two-bedroom apartments start from $530,000, both under the $600,000 exemption for stamp duty.

The three-bedroom apartments start from $815,000.

Space was afforded to the living areas in the apartments at Cultivate. They opened to balconies that provide views of natural parklands, the cityscape, and riverways.

[smartcode_project:default project_id=628 project_image_fid=276974]

Central landscaped gardens and rooftop entertaining spaces add to Cultivate appeal, mirroring Melbourne’s love of the outdoors within the development.

Situated in one of Melbourne's last affordable pockets, just 12 kilometres from the CBD, Cultivate benefits from its proximity to various healthcare facilities such as Austin Hospital, The Mercy, and La Trobe Private Hospital.&nbsp;

Cultivate is also conveniently located near RMIT and La Trobe University, making it an ideal choice for students and staff.

[smartcode_project_cta:default project_id=628]

First Home Guarantee Scheme on offer at Kincaid's Cultivate apartments in Heidelberg West

Award-winning developer <a href="/developers/kokoda-property">Kokoda Property</a> has been given the green light for its $1.5 billion Skyring Terrace project, the largest private development in Brisbane.

Located at 17-27 Skyring Terrace, <a href="/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe">Teneriffe Banks</a> will feature five distinct, slender buildings across 17,612 sqm which will become home to over 200 luxury residences, lofts and penthouses, and the first The Kimpton Hotels &amp; Restaurants. There will also be an expansive&nbsp;commercial offering including over 4,800 sqm of absolute waterfront dining and retail, and a redeveloped, purpose-built community centre.&nbsp;

Kokoda collaborated with partners <a href="/architects/carr-design">Carr</a>, <a href="/architects/cottee-parker-architects">Cottee Parker Architects</a> and <a href="/architects/urbis">Urbis</a>&nbsp;to create the precinct.

<img alt="Skyring Terrace" data-entity-type="file" data-entity-uuid="2dc0747c-65f5-4a76-8064-00fa1ec88f97" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kokoda%20Skyring%20Tce_View%2012_Intersection.jpg?VersionId=9mMXCudiRnokXjqXPLHIa.uaplpEurDE" />

The project’s architecture draws inspiration from Teneriffe’s iconic brick woolstores and structural remnants of the suburb's river industries and was designed with the subtropical Queensland climate in mind, maximising opportunities for outdoor and semi-outdoor active spaces.&nbsp;

Kokoda Property Founder and Managing Director Mark Stevens emphasised the importance of enhancing public accessibility to the Brisbane River as a key motivation for acquiring the Skyring Terrace site.&nbsp;

“Our vision for the project is to reignite the Brisbane riverfront for a new generation, with 9,331 sqm of the Skyring Terrace development dedicated to being open, lush green public spaces with sprawling laneways and a 220m riverwalk extension," Stevens says.

“With 53 per cent of the site being open, green and for public use, our vision sees this reconnection to the Brisbane River in a unique and creative way.

“What Kokoda Property and our project partners are creating is not just a global destination in Brisbane, we are breathing new life into a currently underserved yet highly coveted piece of land."

Kokoda says they will release more information on the project in the coming months.

[smartcode_project_cta:default project_id=139896]

Kokoda’s Skyring Terrace project gets the go-ahead, advancing Brisbane’s growth with the city’s largest private development. 

Kokoda Property’s $1.5 billion Teneriffe Banks project on Skyring Terrace receives approval

Building approvals for new homes increased by 5.5 per cent in May 2024, data from the Australian Bureau of Statistics showed.

While an upswing, predominantly led by Western Australia, there have only been&nbsp;163,760 total dwelling approvals over the most recent 12 months to May 2024, well below the 240,000 new homes needed each year from 1 July 2024 to achieve National Cabinet’s goal.

Approvals in the three months to May 2024 are down by 1.5 per cent compared to the same period in the previous year.

HIA Chief Economist Tim Reardon said the low approvals numbers indicate a slow start to building 1.2 million homes over the next five years. 
&nbsp; 
“Increasing the number of homes built will be necessary to address longstanding housing shortages," Reardon said. 
&nbsp; 
“Addressing tax, planning, land and regulatory constraints will be necessary to increasing the supply of homes in Australia."

Some 14,180 residential building approvals came in May, 9,260 of which were for detached houses and 4,920 for multi-units.

Multi-unit approvals increased by 14.3 per cent in May from very low levels in recent months. Over the three months to May 2024, multi-unit approvals remain 19.1 per cent lower than in the same period in the previous year.

Western Australia led the way in approvals. In the three months to May, WA approvals were up 51.1 per cent compared to the same period 12 months ago. They were followed by Victoria (+10 per cent).

New South Wales saw the second largest decline (-21.6 per cent) only behind the Northern Territoy (-34.3 per cent), while South Australia (-6 per cent) and Queensland (-4.8 per cent), saw modest drop offs.

UDIA NSW CEO, Stuart Ayres, says the 43,000 approvals in NSW are an early warning sign that Minns Government has a lot more to do.”&nbsp;

“Housing approvals are the canary in the coalmine and today’s data shows NSW is not refilling the pipeline of housing with enough approvals, which will make it difficult to achieve our state’s ambitious housing target of 75,600 a year and today’s data revealed that, day-by-day, that goal is getting more difficult to realise," Ayres said.

"This pressure is being felt across the whole state, and across all typologies."

Home building approvals way off the pace, but increase from decade-low levels in May

"It was all about the location."

That was the view of Adam Sloane, founder of <a href="/developers/sloane-property">Sloane Property</a>, when discussing his Brighton townhouse development, 111 Carpenter.

"I knew <a href="/new-townhouses/111-carpenter-brighton-111-carpenter-street-brighton">111 Carpenter</a> was a fantastic, central site for a townhouse project based on the tree-lined streets, shops, schools, and transport which are all at your door," Sloane added.

"It is the ideal spot to base your family and explore all that Bayside has to offer."

Sloane highlighted Brighton's exceptional lifestyle offerings.

"There’s the beach, the parks, the café culture, cinemas, retail… it has it all."

[smartcode_project:default project_id=7517 project_image_fid=214118]

<a href="/developments/brighton-vic-3186">Brighton</a> is known for its vibrant beachside lifestyle, featuring iconic beach boxes, panoramic views of the city skyline and Port Phillip Bay, and a range of outdoor activities.

Future residents of the boutique collection of seven three and four-bedroom townhouses will be a quick five-minute drive from a swim at Brighton Beach, or a sail and casual meal from the restaurant and bar at Royal Brighton Yacht Club.

The suburb also offers numerous green spaces, perfect for family-friendly activities and outdoor fun within walking distance.

Wilson Reserve, with a playground, lawned playing field and the Brighton Recreation Centre, is a 12-minute walk. Opposite Wilson Reserve is the Crowther Oval, across from Brighton Grammar School.

[smartcode_project:default project_id=7517 project_image_fid=218198]

Brighton’s dining scene features modern gastropubs, elegant Italian eateries, artisanal gelati, and high-end dining options, along with a plethora of local cafes.

Residents of 111 Carpenter will be just a four-minute walk from Bay Street, home to a variety of shops, restaurants, and cafes, including popular spots like Mr &amp; Mrs P, Vivace, Hecho en Mexico, and Rocksalt Cafe and Restaurant.

111 Carpenter is also located within the catchment area of some of Brighton’s top schools, making it an even more ideal option for family buyers.

Aside from Brighton Grammar School, 111 Carpenter is only within 800 metres from Brighton Primary School, Firbank Grammar School, St James' School, and Gardenvale Primary School.

Sloane had go-to architectural partner Chris <a href="/architects/megowan-architectural">Megowan</a> design 111 Carpenter.&nbsp;All seven townhouses are north-facing, and some feature a master bedroom on the third level which overlooks neighbouring rooftops.

[smartcode_project:default project_id=7517 project_image_fid=222382]

“It’s rare to find a development in Melbourne where every dwelling has an ideal orientation and access to at least two exposures for ventilation," Chris Megowan, a Brighton local, said.

Each townhouse has either three or four bedrooms across two or three levels with private landscaped gardens by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.&nbsp;Each home also offers double lock up garages with internal private access.

Sloane has gone with long-time collaborator and award-winning architectural practice Megowan to design 111 Carpenter.

Award-winning builder Virgon Construction has begun works on site, with completion forecast for late 2025.

[smartcode_project_cta:default project_id=7517]

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