<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

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Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

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Construction to commence at luxury Glen Iris townhome project, Orchard Mews

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

<a href="/developers/sterling-global">Sterling Global</a> received the green light for its $520 million residential and lifestyle hotel development at 623 Collins Street in <a href="/developments/melbourne-vic">Melbourne</a>'s CBD from the Victorian Department of Transport and Planning.

Strategically located at the <a href="/new-apartments/623-collins-street-melbourne">intersection of Collins and Spencer Streets</a>, the 42-level mixed-use tower has been designed by <a href="/architects/carr-design">Carr Architects</a> and will home 175 apartments above a 229-room hotel that will occupy the heritage podium levels.

There will also be 2,717 sqm of commercial space.

The hotel will also include a fine dining restaurant, enhancing the lifestyle offerings for local workers, residents, and travellers.

<img alt="623 Collins Street" data-entity-type="file" data-entity-uuid="d353d599-7e78-4b2f-9029-bd25d3558a9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collins%20Street%20Development.jpg?VersionId=SRi4o9u6ms1gAJPtoYdxlrrQstI_LFTk" />

623 Collins Street will uniquely integrate modern architecture with historical elements, thanks to the collaboration with heritage consultants Lovell Chen.

The upper levels of the tower are set back to preserve the original facades of the 1923 State Savings Bank, which will be meticulously restored and refurbished.

Scheduled to launch on the market in early 2025, with construction commencing next year, the project is anticipated to reach practical completion by early 2028.&nbsp;

This significant undertaking is part of Sterling Global’s expansive development portfolio, now valued at over $1.6 billion, which includes a variety of commercial, retail, residential, and land assets.&nbsp;

Sterling Global's other current projects include the luxury residential <a href="/buildings/como-terraces-south-yarra-139-alexandra-avenue-south-yarra">Como Terraces</a> in <a href="/developments/south-yarra-vic-3141">South Yarra</a> and the urban infill project Talbot Village in Melbourne’s southeast.

Sterling Global’s $520 million Collins Street hotel and apartment development approved

Chevron Island is set to welcome one of its most boutique new developments to date with the launch of Sherpa's Perspective Helm.

<a href="/new-apartments/perspective-helm?referrer=Perspective%20Helm">Perspective Helm</a>, at&nbsp;107 Stanhill Drive, will comprise just 10 apartments on a north-facing riverfront site that will feature several marina berths with direct access to The Broadwater and the ocean.

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island - view" data-entity-type="file" data-entity-uuid="c0818017-a428-4ad6-bc68-095b067f16a0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-04.jpg?VersionId=is3XrwWSxYrqVoYNj1Z4ECk.k0P3tNbH" />

“We are thrilled to have been granted approval to proceed with this project that we believe will deliver a unique lifestyle that’s better than beachfront,” said Daniel Clarke, Managing Director of Sherpa Property Group.

The project has garnered considerable interest from local potential buyers, with expressions of interest already being received through a waitlist, despite the project yet to begin selling.&nbsp;

“We’ve received a great deal of local pre-launch enquiries into the project," Clarke added.

"This highlights to us that the unique product type we will be bringing to Chevron Island is striking a chord in the neighbourhood, particularly those who want to decrease their maintenance and streamline their lifestyle. We also expect there to be significant interstate and international interest as this is a world-class address."

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island" data-entity-type="file" data-entity-uuid="2653cc91-6dd3-4b99-837a-d6bb82514771" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-09.jpg?VersionId=CwBzvKRW__uDRUNTtbdQxNwKhigHp9xY" />

One of the unique features of the project state-of-the-art security system, which will be the most advanced on the Gold Coast.&nbsp;

The three-storey project is set to deliver a refined collection of 10 residences comprising, four waterfront villas, four river residences, two two-storey penthouses, all of which will feature spacious interiors, high-end finishes and with a configuration of three to four-bedroom plus multi-purpose room apartments.

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island - amenities" data-entity-type="file" data-entity-uuid="8d0ed12b-7a2d-45ba-ba69-12172421e6e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-05.jpg?VersionId=ak0k2ehPbDjBx6ks.eX_9PLM9AZuI8aV" />

There will be a spa-like wellness centre with a cold plunge, spa, sauna, and Pilates machines.

<a href="/architects/hal-architects">HAL Architects</a>&nbsp;has designed Perspective Helm, with the interiors handled by&nbsp;<a href="/architects/mas-architecture-studio">MAS Architecture studio</a>.

With a due north aspect and views of the river, Perspective Helm also has views to <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/new-apartments/main-beach-qld-4217">Main Beach</a> and overlooks Budds Beach.&nbsp;

Perspective Helm is set to launch in the coming weeks, with construction planned to commence at the end of 2024.

[smartcode_project_cta:default project_id=143018]

The project has garnered considerable interest from local potential buyers, with expressions of interest already being received through a waitlist, despite the project yet to begin selling

Sherpa reveal Perspective Helm, luxury Chevron Island apartments

Sydney-based developer <a href="/developers/billbergia">Billbergia</a> completed its landmark mixed-tenure development, Lidcombe Rise.

<a href="/buildings/lidcombe-rise-2-36-church-street-lidcombe">Lidcombe Rise</a>&nbsp;features 220 one, two, and three-bedroom market apartments,&nbsp;63 social housing apartments and 93 affordable housing apartments, delivered in partnership with Evolve Housing and Homes NSW.

[smartcode_project:default project_id=27232 project_image_fid=160850]

Amit Julka, Director at <a href="/architects/plus-architecture">Plus Architecture</a>, emphasised the project’s foundational design principles of placemaking, community building, and “equity of amenity” across all residential types.

Lidcombe Rise consists of four buildings, which include not only residential apartments but also a childcare centre and neighbourhood retail tenancies. &nbsp;

The design also incorporates expansive gardens and numerous rooftop terraces, integrating green spaces seamlessly into the buildings.&nbsp;

The curved architectural forms further add an organic aesthetic to the exterior.

[smartcode_project:default project_id=27232 project_image_fid=185476]

Convenience is another major feature of Lidcombe Rise, situated near Lidcombe station, offering quick and easy access to <a href="/developments/sydney-nsw">Sydney</a>, Parramatta, and Sydney Olympic Park.

The development's location within a vibrant entertainment and education hub further enhances its appeal to a diverse range of residents, including first-home buyers, families, and empty nesters.

[smartcode_project_cta:default project_id=27232]

Lidcombe Rise consists of four buildings, which include not only residential apartments but also a childcare centre and neighbourhood retail tenancies

Billbergia completes landmark apartment development, Lidcombe Rise

Ombré at Robina continues to break with tradition in its apartment designs, delivering two living spaces in its one and two-bedroom floor plans to provide unmatched space and flexibility, achieving more than &nbsp;$40 million in sales in just four weeks.&nbsp;

The <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">elevated development</a>, located at 46 Scottsdale Drive, features 95 one, two and three-bedroom apartments alongside private resident amenities and integrated retail and commercial spaces.&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251415]

<a href="/developers/immerse-projects">Immerse Projects</a>&nbsp;Founder and Managing Director John Kearney said the second living space in Ombré’s one and two-bedroom apartments opened a world of opportunities for residents.&nbsp;

“Typically, one-bedroom apartments appeal to investors rather than owner-occupiers and feature little in the way of space and liveability,” Kearney said.&nbsp;

“We have designed <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombré</a> with the local market in mind and in doing so, challenged ourselves to rethink one-bedroom apartment design - the result is an additional, spacious living area, that delivers functionality and flexibility, without compromising on price.&nbsp;

“This second living space is located directly at the entrance to the apartment, drawing in extra light and a feeling of openness. Connecting to the kitchen, this extra space has a range of applications to make it truly &nbsp;purposeful, including a media room, work-from-home space, or guest bedroom.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=276626]

With one-bedroom, two living area floorplans ranging from 84 to 96sqm, and from 123 to 135sqm in the two-bedroom, two living area apartments, Kearney said the design transformed apartments into true homes.&nbsp;

“The homeliness and architectural style of Ombré has been warmly received by buyers, who are drawn to its character, considered textures and thoughtful landscaping,” Mr Kearney said.&nbsp;

“Since the project’s launch in early March, we have fielded more than 1,000 enquiries and more than &nbsp;$40 million in sales, with strong interest in these second living spaces.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251416]

Kearney said leading contract builder <a href="/builders/greyburn">Greyburn</a>, of which he is also Managing Director, had been appointed to deliver the project.&nbsp;

“Greyburn is a seasoned <a href="/new-apartments/gold-coast-qld">Gold Coast</a>-based contract builder with more than 35 years of experience,” he said.&nbsp;

“Having recently delivered <a href="/new-apartments/robina-grand-residences-8-waterfront-place-robina">Robina Grand</a>, the team knows the local market well and are able to draw on their trusted networks, expertise, and capacity to deliver.&nbsp;

“Partnering with an established and reputable builder like Greyburn allows us to ensure alignment between &nbsp;the development and construction and instil unwavering confidence in completion for our purchasers.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251417]

Construction of Ombré is expected to begin later this month. The project is being marketed by <a href="/project-marketer/ashwin-property-solutions">Ashwin Property</a> and the onsite Sales Display is now open.&nbsp;

Located close to major retail, education and employment centres and well connected to the Gold Coast’s beaches, Mr Kearney said Ombré would give its residents endless opportunities to live life in their own way.&nbsp;

Designed by <a href="/architects/bda-architecture">BDA Architecture</a>, Ombré features a mix of one, two and three-bedroom apartments. Private resident amenities include a residents’ lounge, function room, games room, spacious pool and landscaped outdoor spaces. One bedroom, and two living area prices, start at $749,000.&nbsp;

[smartcode_project_cta:default project_id=143341]

Immerse Projects Founder and Managing Director John Kearney said the second living space in Ombré’s one and two-bedroom apartments opened a world of opportunities for residents

One bedroom, two living rooms? Sales surge at Ombré Robina, driven by one-off apartment configurations

Leading Australian integrated property development group, <a href="/developers/aqualand-australia">Aqualand</a>, has installed a sculpture created by world-renowned, London-based artist, Richard Sweeney, on the ground plane of their <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a> mixed-use precinct, located at 168 Walker Street, <a>North Sydney</a>.

Rising 28 storeys above the streetscape, and due for construction completion in June, the $1B <a href="/architects/woods-bagot">Woods Bagot</a>-designed residential community comprises 371 luxury apartments above a richly landscaped community precinct, including a two-storey curated food and beverage podium.

[smartcode_project:default project_id=30959 project_image_fid=268991]

Aqualand’s collaboration with award-winning landscape architects, <a href="/landscape-architect/turf-design">Turf Design Studio</a>, has resulted in a ground plane design that successfully integrates the project with the unique local environs of the characterful suburb.&nbsp;

This landscape design has now been embellished with the installation of the site-specific public art piece titled ‘landscape’, which graces the Walker Street entrance to the precinct.&nbsp;

Commissioned by Aqualand, the 4.1-metre bronze cast piece was also inspired by <a href="/developments/north-sydney-nsw">North Sydney</a>’s locale, and features unique, organic curves inspired by the natural elements of sandstone, water and the landscape synonymous with the harbour front. The artwork has been woven into the fabric of the garden to amplify the arrival experience.

<img alt="Public artwork by international artist installed at AURA by Aqualand - sculpture" data-entity-type="file" data-entity-uuid="6263c56d-8b07-4e8b-8026-34af9f076ce9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aura%20-%20Sculpture%20%282%20of%2011%29.jpg?VersionId=9pWMYW2UAVa01WxKE9QudJTDjGKkdfVC" />

Richard Sweeney’s objective was to create a visually complex piece that appears light and abstract, with the appearance of layering and weathering.&nbsp;

“To achieve this effect, I incorporated subtle voids and carefully placed layers to offer variation in both shape and texture,” Sweeney said.

“The surface of the sculpture has a slight striated effect reflecting the layered effect of the sandstone.&nbsp;

“Comprised of two separate elements, depending on the viewpoint, it has a feeling of mass and solidity or an appearance of lightness and fluidity.

“A combination of patinas and paint was used to achieve the duo-tone effect using yellow and red tonalities, echoing sandstone colours and textures. A subtle pearl effect gives more contrast between inner/outer surfaces.

‘‘The charming metal sculpture pays tribute to the intriguing textures of the iconic local weathered sandstone. It’s been a joy to create and it's truly gratifying to finally see it installed in the place I specifically designed it for,” he said.

<img alt="​​​​AURA Sculpture" data-entity-type="file" data-entity-uuid="0ab42955-195f-45cb-b339-58abe90e8f55" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aura%20-%20Sculpture%20%285%20of%2011%29.jpg?VersionId=vy9ZrpipGccT8HZTVx9U0wFw2hcn_WsZ" />

Fabricated at UAP’s foundry in <a href="/new-apartments/brisbane-qld">Brisbane</a>, the piece will support vibrant placemaking by creating a focal point to greet future residents and their visitors, patrons of and staff working at the bakery, café, wine bars and restaurant, and the broader North Sydney community alike.&nbsp;

<a href="/developers/aqualand-australia">Aqualand</a> Group Managing Director, Jin Lin, says he’s excited by the artwork’s installation and sees it as a testament to Aqualand’s commitment to building communities that reflect the local area.&nbsp;

“As we retain ownership of the retail spaces in all our projects, we’re with them for the long term, long after the residences have sold out," Lin said.

[smartcode_project:default project_id=30959 project_image_fid=265117]

"As such, we take great pride in working closely with the local community to create projects that truly elevate their surroundings.&nbsp;We have a number of significant investments in North Sydney and are deeply committed to increasing the appeal of the suburb as an engaging and activated precinct to not only work in but to live and play in too."

Lin says they see the installation as a permanent symbol of their commitment to the area, one the entire community can now enjoy.

“We can’t wait to welcome our North Sydney neighbours in over the coming weeks, so they can enjoy our retail offerings and this beautiful new sculpture."

[smartcode_project_cta:default project_id=30959]

Richard Sweeney’s objective was to create a visually complex piece that appears light and abstract, with the appearance of layering and weathering

Public artwork by international artist installed at AURA by Aqualand

Currently in the construction phase of their luxury Palm Beach apartment development Ophira, builder-developer <a href="/builders/5point-projects">5Point Projects</a> has locked in its next project in the southern Gold Coast.

They're not straying far, staying in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, and on the beachfront. They've paid $15.6 million for a double-block of 824 sqm at 171-173 Jefferson Lane, a block that offers 20 metres of absolute beach frontage.

It's only a few doors down from&nbsp;<a href="/new-apartments/ophira-105-107-jefferson-lane-palm-beach">Ophira</a>, where apartments have been selling for an average of $7 million.

<img alt="171 and 173 Jefferson Lane Palm Beach" data-entity-type="file" data-entity-uuid="4fe32a74-8704-45b8-b4ed-82331f12795c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/IMG_1640.jpg?VersionId=MNKDShB9Hhz6de.bJnv_W5.SjiBOsv9O" />

Damian Dove, Managing Director of 5Points Projects, said the latest purchase was part of the company’s ongoing belief in Palm Beach as one of the Gold Coast’s prestige beachfront hotspots.

“We are thrilled to be continuing our journey in Palm Beach after the success of Ophira which has captured strong interest from downsizers wanting to live on the beachfront,” Dove said.

“The opportunity to continue building upon the legacy of our past projects and the current Ophira development, and knowing that we will further contribute to the flourishing tapestry of this great community is very exciting”.

<img alt="171 and 173 Jefferson Lane view" data-entity-type="file" data-entity-uuid="98b21143-a4c7-4420-8e22-32e63ebe3c1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/IMG_1641.jpg?VersionId=orSiR6HxN6GBmh8ZEeGuxOeNrOJs_qPv" />

Dove said 5Point Projects was currently working up plans for the site but confirmed a boutique luxury apartment project in line with our brand was in the mix.

“We’re working with our architects and planners to create something special for the site and we hope to release these soon."

The next project is expected to launch later this year.

There are only two apartments left in the eight-apartment Ophira. Construction is well underway with basement works now completed. That's expected to be completed in mid-2025.

“We are passionate about creating spaces that resonate with the unique essence of Palm Beach while meeting the evolving needs of modern living”, Dove added.&nbsp;

5Point doubledown in Palm Beach with $15.6 million beachfront acquisition

<a href="/developers/tian-an-australia">Tian An LFD</a> has reached a significant milestone at its newly completed Auburn Square apartment development, with 90 per cent of the units now sold.

This milestone reflects the strong demand for well-priced housing options in <a href="/developments/auburn-nsw-2144">Auburn</a>, particularly among first-home buyers seeking new homes within reach of <a href="/developments/sydney-nsw">Sydney</a>'s city centre.

[smartcode_project:default project_id=7317 project_image_fid=248578]

<a href="/buildings/auburn-square-26-36-northumberland-road-auburn">Auburn Square</a> is positioned as an attractive option for first-home buyers, with both one-bedroom apartments priced below $600,000.&nbsp;

The development has garnered substantial interest from this demographic, likely also influenced by the New South Wales government's stamp duty exemption for new homes up to $800,000, and concessional rates for homes priced between $800,000 and $1,000,000, effective for contracts exchanged on or after July 1, 2023.

[smartcode_project:default project_id=7317 project_image_fid=248564]

<a href="/architects/rothelowman">Rothelowman</a>-designed Auburn Square comprises a total of 427 residences featuring one, two, and three-bedroom configurations, along with nine retail and commercial suites and a range of amenities.

Each apartment at Auburn Square features open-concept living and dining areas and kitchens equipped with integrated premium Westinghouse appliances.&nbsp;

[smartcode_project:default project_id=7317 project_image_fid=248563]

Residents also have access to a 2,000 sqm rooftop garden, designed as a communal space for relaxation and socialising.

Conveniently located, Auburn Square is a four-minute walk from the train station and offers easy access to Parramatta Road and the M4, facilitating quick commutes to Sydney CBD and other Western destinations.

[smartcode_project_cta:default project_id=7317]

Auburn Square is positioned as an attractive option for first-home buyers, with both one bedroom apartments priced below $600,000

Auburn Square apartments 90 per cent sold

Carly Cottam, Founder and CEO of MOTIV, offers valuable insights for buyers considering off-the-plan properties in South-East Queensland. As a respected leader in the property development community in Brisbane and the Gold Coast, Carly’s expertise provides practical advice for making informed decisions in the current market.

<h3>The MOTIV Difference</h3>

MOTIV, established four years ago, has swiftly made a name for itself by bridging the gap between in-house and agency sales teams. Carly explains that this hybrid model provides developers with the control of an in-house team and the broad market perspective of an external agency. For buyers, this translates to working with a team that has comprehensive industry knowledge and a wide view of various projects, ensuring a more informed and balanced perspective.

<h3>Benefits to Buyers</h3>

One of the key advantages of partnering with a company like MOTIV is the unbiased and experienced market feedback they provide. Carly notes that consumers today are more educated and discerning than ever before, often doing extensive research before making any property decisions. This informed approach is supported by MOTIV’s deep industry insights, helping buyers understand how different projects stack up against each other and what factors are most important in their decision-making process.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/hjUPgZsdg8M?si=63cP4enM4ktCRi0o" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen&gt;&lt;/iframe&gt;

<h3>Importance of Due Diligence</h3>

Carly emphasizes the importance of due diligence for anyone considering an off the plan property purchase. Buyers are encouraged to research developers thoroughly and ensure they are partnered with experienced professionals like property lawyers and financial brokers. MOTIV assists buyers in this process, ensuring they have the necessary support and information to make confident decisions.

[smartcode_project:default project_id=134197 project_image_fid=217320]

<h3>Early Engagement with Developers</h3>

For developers, engaging with project marketers like MOTIV early in the process is crucial. Carly highlights that initial workshops with the developer’s team, including designers and creative agencies, are vital to understanding the project’s context, target demographics, and overall feasibility. This early involvement ensures that the sales and marketing strategies are aligned with the project’s goals and funding requirements, setting the stage for a successful launch.

[smartcode_project:default project_id=112276 project_image_fid=211187]

<h3>Navigating Construction Challenges</h3>

Given the current construction climate in Queensland, exacerbated by the upcoming Olympics and significant infrastructure projects, securing a builder can be a challenge. Carly advises buyers to inquire about the developer’s relationships with builders and any existing agreements or intentions. Understanding the developer’s track record and their approach to securing construction services is essential in assessing the viability of a project.

[smartcode_project:default project_id=138199 project_image_fid=257204]

Carly emphasizes the importance of due diligence for anyone considering an off the plan property purchase

Michael Bird

What off the plan buyers need to ask agents: Carly Cottam, Founder and CEO of MOTIV

Privately-owned developer, Sunkin Property Group, has formally appointed SK Construction to deliver on its $600 million masterplanned development, Highett Common, in Melbourne’s bayside.

The partnership commences a unique builder-developer relationship between the two companies, with SK Construction and <a href="/developers/sunkin-property-group">Sunkin</a>&nbsp;forming a completely exclusive agreement to deliver the developer’s existing and future project pipeline. &nbsp;

The announcement coincides with the commencement of Highett Common’s $70 million stage 1 construction program, which will see 167 new apartments completed by late 2025.

<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/ACtwfoM658M?si=nToewq-q-N5QEIY0" title="YouTube video player" width="560"></iframe>

The 9.3-hectare precinct will be delivered in multiple stages over the next five years, with Sunkin anticipating the delivery of over 1000 new apartments and townhouses across the master plan by 2029.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=212655]

Lloyd Collins, General Manager of Property at Sunkin Property Group, says the developer considered several external builders for <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> before an exclusive partnership was created with SK Construction.&nbsp;

“The exclusive partnership with SK Construction allows Sunkin to have complete oversight over the delivery status and budget of each stage within Highett Common," Collins says.

"This agreement allows us to better control the construction process and therefore provide additional delivery assurance to our customers. &nbsp;

“Across the industry, we’ve witnessed a 30 per cent increase in construction companies going insolvent over the past 12 months, and it was critical for us to protect the project and our purchasers from any similar risks.

"This will allow us to manage relationships directly with our preferred trades, have greater visibility over quality control, manage risks and ultimately manage timely delivery for all involved. It’s not about margin or additional profit, in fact in light of the construction pricing challenges, this allows us to run construction at lower margins which ultimately builds value for the end occupants."

Collins says it is&nbsp;critical to the project’s enduring long-term value that its amenities and public facilities are delivered to enduring standards, including its vast open green spaces, playgrounds, community hub and library so that Highett Common can become a thriving precinct for generations to come, as well as catering to the future &nbsp;population demands of the area.

[smartcode_project:default project_id=108019 project_image_fid=212656]

Recognising construction confidence is a contributing factor to sales success, Sunkin recently completed over $10 million of early infrastructure works at Highett Common including roads, kerb and channelling, water infrastructure and early basement works. The developer has now exceeded $90 million in apartment sales at Highett Common to date, exceeding initial sales targets by $20 million.&nbsp;

SK Construction will work alongside Sunkin to further deliver on Highett Common’s net-zero ambitions, with its in-house design and procurement team sourcing internal and external materials and products that reduce energy consumption and provide the ability to rely on green electricity.&nbsp;

Solar panels will be incorporated in each of the precinct’s buildings to meet the project’s net-zero targets, meaning each residence will be able to access green electricity. This will also extend to public and private amenities, with plans for lighting in the communal areas and a new public library to have the ability to generate solar power.

[smartcode_project:default project_id=108019 project_image_fid=213940] 
&nbsp;&nbsp; 
Thermally insulated windows and door systems will also be used throughout the project, which have been specifically developed for their size and scale.

Collins says ensuring one construction partner for the lifetime of the development program means that they can forward plan important elements of future construction phases, particularly around green spaces and landscaping.

"This means that wellness and recreation facilities have the benefit of mature plantings by the time they are open for use."

[smartcode_project:default project_id=108019 project_image_fid=213937]

The construction delivery of Highett Common will also conform to Tier 1 ISO standards across Environmental, OH&amp;S and Quality Management Systems. SK Construction has also developed a specific waste management plan to assist in achieving the project’s sustainability targets, with a certified waste management contractor in place to ensure at least 80 per cent recycled content can be effectively used. &nbsp;

During the construction program, SK Construction will work alongside Sunkin, <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke</a>, Tract&nbsp; Consultants and Bayside City Council to maintain and preserve native flora and fauna within the site’s 3- 3-hectare conservation area.&nbsp;

Stage 3 of Highett Common will launch to the public in Q3 2024, with completion of the entire masterplanned precinct anticipated for completion by 2029.&nbsp;

[smartcode_project_cta:default project_id=108019]

Sunkin establishes strategic partnership with SK Construction to deliver on $600m masterplanned precinct 

Sunkin Property Group break ground at Highett Common masterplan

Downsizers from Melbourne's inner east have swooped on Burnley Maltings, one of the only opportunities to move into a newly built home in the tightly held suburb in recent years.

They've been coming from large family homes in the likes of <a href="/developments/kew-vic-3101">Kew</a>, <a href="/developments/hawthorn-vic-3122">Hawthorn</a> and <a href="/developments/richmond-vic-3121">Richmond</a> now the kids have flown the nest and they don't need such a large family home.

The townhouses at <a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</a> cater for multi-generational living but are low maintenance. All but one townhouse in the development of 37 residences offering three bedrooms, while several have a separate home office space and all have large rooftop terraces.

[smartcode_project:default project_id=14401 project_image_fid=264102]

"These buyers want to be somewhere where there's more going on, but don't want to be right in the thick of the action," Bart O'Callaghan, director of developer Developed by Urban says.

"They don't want to be in the middle of Richmond, but they want the easy access either by train, with the Burnley Station just 500 metres away, or a short car ride."

[smartcode_project:default project_id=14401 project_image_fid=264089]

O'Callaghan says they're also expecting local upsizers when construction is more advanced, from those who don't want the headache and cost of renovating and extending their current Victorian-era cottage and instead opt for a new home. Burnley Maltings brings that heritage through, given the terraces in the&nbsp;heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

The street is also just across the road from the prestigious St Georges Road, one of Melbourne's priciest streets where there have been sales of up to $88 million.

Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment.

<a href="/developers/developed-by-urban">Developed by Urban</a>&nbsp;is a&nbsp;specialist in restorations of old and heritage-listed buildings. They took the opportunity not many developers would when the historic building came up for sale.

[smartcode_project:default project_id=14401 project_image_fid=264091]

O’Callaghan says for years Burnley's main&nbsp;detraction had been the operating heritage maltings which finished operations in 2018.

"We have put a tonne of work into the heritage restoration and reimagining of the c.1885 space to now incorporate 1,000 sqm of gardens and beautifully designed new homes, perfect for Families and downsizers alike.

“So often&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;families living in the inner suburbs are forced further away from the CBD in pursuit of space and a larger family home close to Schools. Burnley Maltings townhomes include lock-up garages, oversized bedrooms rooftop terraces and oodles of family living space.”

[smartcode_project_cta:default project_id=14401]

Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment

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