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

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

Central Element seeks second Drummoyne apartment development

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

The value of units in Melbourne continued to outstrip the growth of the house market in the Victoria capital in May.

CoreLogic's Monthly Hedonic Index found unit values (which incorporates apartments and townhouses), rose 0.3 per cent, compared to flat house market.

Melbourne's median unit value is now pegged at $614,000 after rolling quarterly growth of 0.3 per cent, while the house market has dipped -0.5 per cent over the same period

<h2>What happened in Melbourne’s off the plan apartment market in May</h2>

There was significant progress at several major developments across Melbourne in May.

Privately-owned developer <a href="/developers/sunkin-property-group">Sunkin Property Group</a> formally appointed <a href="/builders/sk-construction">SK Construction</a> to deliver its $600 million Highett Common project in Melbourne’s bayside.

[smartcode_project:default project_id=108019 project_image_fid=212658]

The 9.3ha&nbsp;<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>&nbsp;will be delivered over multiple stages during the next five years. The $70 million stage one construction program, which began this month, aims to complete 167 new apartments by late 2025.&nbsp;

By 2029, Sunkin anticipates the delivery of over 1000 new apartments and townhouses across the entire project.

[smartcode_project:default project_id=136451 project_image_fid=277194]

One of Melbourne's most recently launched developments, Beulah's Brunswick townhouse development <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a>, secured $32.5 million worth of sales at its May launch.

Brunswick Established comprises 23 two-storey townhouses and has become one of the fastest-selling projects in <a href="/developments/brunswick-vic-3056">Brunswick</a>. Its design focuses on sustainability and customizability, featuring Beulah’s ‘Tailored Living’ initiative.&nbsp;

The development is now 65 per cent sold, with two, three, and four-bedroom heritage townhomes priced from $1.444 million.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Mirvac has seen interest at their nearby Brunswick apartment development, Prince &amp; Parade, particularly from the&nbsp;local owner-occupier market who work in the medical industry and academia.

Located near Princes Park, the development's proximity to local hospitals and prestigious universities like Melbourne University and RMIT has driven interest.&nbsp;

Mirvac’s reputation as an ASX-listed developer with a history of quality developments further boosted confidence in the project.

[smartcode_project:default project_id=4802 project_image_fid=267345]

Melbourne also saw several developments secure approval in May, the biggest being the 42-level tower at <a href="/new-apartments/623-collins-street-melbourne">623 Collins Street</a>&nbsp;by&nbsp;<a href="/developers/sterling-global">Sterling Global</a>.

The $520 million residential and lifestyle hotel development at <a href="/new-apartments/623-collins-street-melbourne">623 Collins Street</a>&nbsp;designed by <a href="/architects/carr-design">Carr Architects</a>&nbsp;will include 175 apartments above a 229-room hotel, occupying the heritage podium levels.&nbsp;

<img alt="Sterling Global’s $520 million Collins Street hotel and apartment development approved" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Collins%20Street%20Development%20front.jpg?VersionId=FM5q8t7ib4vFqfONMv17w6g82BKj5Zcf" />

The project will also offer 2,717 sqm of commercial space and a fine dining restaurant, enhancing lifestyle options for local workers, residents, and travellers.

National apartment developer <a href="/developers/sun-property-group">Sun Property Group</a>&nbsp;led the boutique market for approvals. They were signed off the deliver its second Melbourne project&nbsp;in the affluent <a href="/developments/toorak-vic-3142">Toorak</a> area.&nbsp;

&nbsp;<img alt="Sun Property Group secure approval for second Toorak apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-03-26%20at%209.23.31%20am.png?VersionId=krHggdOiqZCTwsaD1MWoD3LkfnFZ6iN6" />

The new development at <a href="/new-apartments/226-228-williams-road-toorak">226-228 Williams Road</a> will feature 18 high-end apartments, 10 two-bedroom apartments, four three-bedroom apartments, and four penthouses.&nbsp;

The project, designed by <a href="/architects/cera-stribley-architects">Cera Stribley</a>, is situated near Hawksburn Train Station and the 59 Tram, and will include landscaping by <a href="/architects/jack-merlo">Jack Merlo</a>, retaining a prominent Smooth Bark Apple Tree on site.

Busy developer&nbsp;<a href="/developers/wickton">Wickton</a>&nbsp;were also approved for a small development, this one&nbsp;mixed-use and in the Hawksburn Village precinct, near South Yarra and Prahran.&nbsp;

The project at 387-403 Malvern Road will feature luxury apartments, strata offices, and ground-level retail, including premium hospitality spaces.&nbsp;Seven two and three-bedroom apartments will occupy the top two levels of the building.

City Beat June 2024: Melbourne units outperform houses for third straight month

Queensland property developer Sherpa&nbsp;Property Group has continued its investment in the <a href="/developments/gold-coast-qld">Gold Coast</a>, announcing&nbsp;the acquisition of a collection of sites in the highly sought-after Palm Beach.

<a href="/developers/sherpa-property-group">Sherpa</a> purchased the amalgamated 1,215 sqm site across 8-12 Sixth Avenue in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, where they're currently developing <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> and have completed two other developments over the last three years.

Daniel Clarke, General Manager of Sherpa said that the latest acquisition has provided Sherpa with a rare gem in the Gold Coast market, where sites of such calibre are extremely scarce.

“This acquisition represents an investment that Sherpa is making into a region that it sees significant value in. It’s an exciting opportunity to create something that will withstand the test of time,” Clarke said.

“We’re excited to bring a new product to the market, different to the known and loved Sherpa brand, but set to be a crowd favourite nonetheless.

“This unique product that we’re introducing to Palm Beach will allow us to connect with new demographics that have been waiting for the perfect residential opportunity that meets their needs.”

Positioned prominently just moments from the pristine surf beaches, parks, and the popular Palm Beach café and dining scene, Sherpa’s newest project offers residents the ultimate coastal lifestyle.

The project at Sixth Avenue is set to launch to market in 2025.

Having completed 10 projects on the Gold Coast over the past six years, with four in the pipeline, Sherpa is progressing with plans for other sites with a view to creating premium living spaces that meet the requirements of discerning buyers looking for a relaxed coastal lifestyle.

They <a href="/news/qld/sherpa-reveal-perspective-helm-luxury-chevron-island-apartments">recently launched Perpsective Helm</a>, their luxury Chevron Island development of just 10 apartments.

The project at Sixth Avenue is set to launch to market in 2025

Sherpa secure three new Palm Beach sites for next Gold Coast apartment development

Perth builder developer, Willing Property, is bringing a touch of New York to the Perth suburb of Mount Lawley with the launch of their latest off the plan apartment development, West Residences.

<a href="/developers/willing-property">Willing Property</a> called in local architecture firm <a href="/architects/klopper-davis-architects">Klopper &amp; Davis</a> to design a building that takes inspiration from the Big Apple's famous Flatiron building, a building which has stood in the heart of Manhattan since 1902.

There will be just 29 two and three-bedroom apartments on offer in the eight-level <a href="/new-apartments/west-residences-mount-lawley-141-west-parade-mount-lawley">West Residences</a> on the corner of West Parade and Aria Lane, near Forrest Park and a short walk to <a href="/developments/mount-lawley-wa-6050">Mount Lawley</a> Station. The apartments will sit above a ground-floor cafe, and will sit in landscaping by&nbsp;<a href="/landscape-architect/capa-studio">CAPA</a>.

[smartcode_project:default project_id=138755 project_image_fid=280562]

<a href="/new-apartments/west-residences-mount-lawley-141-west-parade-mount-lawley">West Residences</a>&nbsp;is characterised by its angular forms and large private balconies, offering panoramic views of the city, river, and hills.&nbsp;

Klopper &amp; Davis Architects Founder and Director, Sam Klopper, says like the famous Flatiron building, the site of West forms the junction between the orderly and the sublime

"The avenues of Mount Lawley are crossed by West Parade and the train line, creating an opportunity to celebrate this contrast with a beautiful angled form. Similarly, the local context around West Parade was developed during a period of hopeful optimism of our local gold rush and, like the explosive development of New York, speaks to and embraces this joyful vision of a greater and broader future.

"West draws on these connections to celebrate the beauty of the existing context and the wonder and the new to create a timeless and ageless icon."

[smartcode_project:default project_id=138755 project_image_fid=280578]

Each apartment features high ceilings, solar access, and efficient ventilation to offer spacious and comfortable living. They are designed with&nbsp;custom kitchens and bathrooms, incorporating designer lighting and Miele appliances.

Buyers will have the option of two different colour schemes. The Steam colour scheme features refined details of copper, black and brushed nickel, complemented by warm and pared back touches of timber, while the Patina scheme offers residents a more bold and lively approach, with sophisticated hues of deep greens contrasting with vivid whites, glimmering Inca gold, and an array of mixed metals.

[smartcode_project:default project_id=138755 project_image_fid=280563]

Residents will benefit from several amenities, including access to an Orangerie, which can be used for dining or yoga.&nbsp; The building also provides private, secure storerooms and bicycle storage. Common areas are powered by solar energy, reflecting Willing's commitment to sustainability.

Willing Property's construction arm will handle the build of the striking development.

[smartcode_project:default project_id=138755 project_image_fid=280567]

Willing Property was founded by Tim Willing in 2012, but the Willing family name has been synonymous with Perth development since the late 1960s.

Tim's father Doug built homes across Western Australia from 1969, with Tim and his brother Dayne growing up on building sites.

[smartcode_project_cta:default project_id=138755]

Klopper & Davis Architects Founder and Director, Sam Klopper, says like the famous Flatiron building, the site of West forms the junction between the orderly and the sublime


Willing Property to bring New York to Mt Lawley with West Residences apartments

Melbourne property developer MunCorp has officially commenced construction on its new Blackburn Quarter townhouse development.&nbsp;

Half of the townhouses were already sold, primarily to local buyers, following the project's launch.

[smartcode_project:default project_id=2725 project_image_fid=29563]

Upon completion, <a href="/new-apartments/blackburn-vic-3130">Blackburn Quarter</a> will comprise 39 townhouses, available in both three and four-bedroom configurations.

MunCorp has partnered with <a href="/architects/cera-stribley-architects">Cera Stribley</a> who have crafted the interiors. Inspiration to create a harmonious balance of functionality and contemporary aesthetics came from Blackburn's verdant surrounds.

The developer is committed to making their homes accessible to a wide range of buyers, including first-home buyers, downsizers, and investors.

[smartcode_project:default project_id=2725 project_image_fid=273183]

<a href="/developers/muncorp">MunCorp</a> Managing Director Jake Munday said the company is doubling down in 2024 to grow its pipeline to $400 million delivered in the next four to five years.

Strategically located, Blackburn Quarter provides residents with convenient access to several key shopping centres, including Box Hill Central, Westfield Doncaster, and Blackburn Square.

Prices for Blackburn Quarter townhouses start at $999,000.

[smartcode_project_cta:default project_id=2725]

MunCorp Managing Director Jake Munday said the company is doubling down in 2024 to grow its pipeline to $400 million delivered in the next four to five years

mikah.m@urban.com.au

MunCorp breaks ground on Blackburn Quarter townhouses

OSK Property has appointed construction company Multiplex to deliver the next stage of their $3 billion Southbank precinct, Melbourne Square.

Multiplex,&nbsp;which also built the first two towers in Stage 1 of <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a>,&nbsp;broke ground on <a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>&nbsp;this week and&nbsp;will now commence construction of the 74-level tower. They're expecting to complete the building in Q1 2028.

The milestone comes just nine months after BLVD’s official launch in October 2023.&nbsp;

Having achieved over 50 per cent of sales, construction commencing at BLVD marks another significant moment for Melbourne Square which has already enhanced the Southbank precinct with publicly accessible amenities like a 3,745 sqm park, full-line Woolworths supermarket, an early learning centre and a growing range of retail destinations.

[smartcode_project:default project_id=107714 project_image_fid=227201]

BLVD will deliver much-needed residential stock to <a href="/developments/southbank-vic-3006">Southbank</a>, bringing together 602 residences and offering a host of amenities including private dining rooms, state-of-the-art gyms, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a double-storey co-working area on levels 55 and 56.&nbsp;

Beyond its architectural grandeur, BLVD embodies a commitment to sustainability and well-being, &nbsp;featuring carbon-neutral operation-enabled residences, gas-free design, EV charging stations, a zen garden, other premium resident amenities, and design that’s focused on improving the health and &nbsp;wellness of residents.&nbsp;

It is also in pre-registration to pursue WELL Certification – a rating system that certifies a building’s &nbsp;impact on health and wellbeing, and that demonstrates industry excellence in meeting stringent &nbsp;sustainability goals.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=214122]

“The BLVD groundbreaking represents a major milestone for the Melbourne Square precinct, which has two existing towers and will also feature a build-to-rent tower alongside the build-to-sell residences”, says OSK Group Executive Chairman, Tan Sri Ong Leong Huat.&nbsp;

"Commencing construction represents the culmination of a team effort between OSK Property and our project partners and our unwavering commitment to BLVD and the entire Melbourne Square precinct.

“We extend our heartfelt gratitude to our dedicated staff, esteemed project partners, and diligent sales agents for their incredible work across BLVD to date, and are looking forward to seeing this tower come to life."

Multiplex Regional Managing Director of Victoria and South Australia, Ross Snowball, said Multiplex is proud to be partnering with OSK once again on the Melbourne Square precinct, one of Australia’s largest and most exciting development projects.&nbsp;

“After delivering the first two towers, we are excited to deliver the third tower, BLVD - continuing the same community legacy we started back in 2017," Snowball said.

“Seven years later there is nothing more rewarding than being part of this precinct again, building a residential tower that will enhance our city from the ground up. What’s even more special is that some of those original team members will be back building BLVD."

[smartcode_project:default project_id=107714 project_image_fid=211874]

Attending the groundbreaking ceremony event in person, City of Melbourne Deputy Lord Mayor Nicholas Reece said this was a monumental moment for the city.

“Melbourne Square homes give residents access to all that we love about Southbank," Reece said.

“Arts institutions that are second to none. Proximity to the central city and to the beach – to the &nbsp;Botanic Gardens and, importantly, to community facilities already enjoyed by those who live in Southbank.&nbsp;

“BLVD will be a transformational development for Melbourne’s CBD, adding critical housing stock to the market as well as important residential and local amenities."

<a href="/developers/osk-property">OSK Property</a> and Multiplex celebrated the groundbreaking with a ceremony hosted on-site, which brought together key stakeholders, OSK Property personnel and the Multiplex team.&nbsp;

Elsewhere in Melbourne Square, OSK Property <a href="/news/vic/osk-property-commission-led-artwork-at-2-8-billion-melbourne-square-precinct">recently unveiled ‘Guardian Lion’ by Troy Emery</a>. The development’s newest captivating public art installation set to grace the skies of Melbourne later this year. &nbsp;

[smartcode_project_cta:default project_id=107714]

OSK Property and Multiplex celebrated the groundbreaking with a ceremony hosted on-site, which brought together key stakeholders, OSK Property personnel and the Multiplex team.

OSK Property and Multiplex break ground at BLVD, Melbourne Square

The development Abedian family has continued to bulk out its new apartment pipeline under its new private development company, Arium.

Having filed for a striking new building on the Greenmount Beach Hotel site in Coolangatta, and more recently securing two adjoining sites on Mary Avenue in Broadbeach, family patriarch Soheil Abedian has emerged as the buyer of a 516 sqm site at <a href="/new-apartments/11-anne-avenue-broadbeach">11 Anne Avenue</a>.

The site was bought from the Brisbane-based Di Carlo Property Group, who had approval for a luxury 17-level tower they were calling Lusso, Italian for skyhome.

<img alt="Lusso" data-entity-type="file" data-entity-uuid="e8893e6b-0c3e-488a-9317-9280b29b6c1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-13%20at%202.35.38%20pm.png?VersionId=LH8.8pM5uWlAto6K5Q3joqrEH6M4fXAN" />

The tower, designed by HAL Architects, was to have 15 full-floor apartments with four bedrooms and over 200 sqm internally.

It was only last month that Urban reported the Abedian's purchase of two adjoining sites on Mary Avenue.

They bought an amalgamated 1,518 sqm site at 14-18 Mary Avenue from Leo Sarris' Bassar Group who were planning a luxury tower Eternity. They then secured the 600 sqm next door at 20 Mary Avenue from Melbourne-based developer <a href="/developers/little-projects-co">Little Projects</a> who had two different towers launched over the last few years before scrapping the project.

The site, now over 2,100 sqm, faces the&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>&nbsp;State School and will offer protected viewlines to the ocean.

Sahba Abedian, son of Soheil Abedian who founded Sunland back in 1983, announced the family back in the development scene in May 2023 when they filed plans for a new luxury project on the Greenmount Beach Hotel site, a site that was bought from Sunland for over $42 million through an onmarket campaign.

They had planned for a&nbsp;<a href="/news/qld/first-look-abedian-familys-plans-for-coolangattas-greenmount-beach-hotel-site-revealed">spaceship-looking tower by Contreras Earl Architecture</a>&nbsp;that would have had 54 apartments across 16 levels. However, in March they sought to change up the design, instead opting to create a two buildings on the sprawling 7,071 sqm block which will have 63 apartments.

<a href="/developers/arium">Arium</a> is only using two of the three sites as part of the Coolangatta development. They advise a 2,934 sqm portion on the corner of Eden Avenue and Hill Street will be used for stage two of the project.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">First look exclusive: Abedian family completely redesign Greenmount Beach Hotel redevelopment in Coolangatta</a>

<img alt="First look exclusive: Abedian family line up next Gold Coast apartment development after multiple site acquisitions" 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/Screen%20Shot%202024-05-01%20at%203.02.25%20pm.png?VersionId=ZzN07l3CctC3zy3bTHQnbsdQxXKBI9TM" />

The Abedian family shut up shop of Sunland Group in 2022, shedding its assets and finishing its final tower, the luxury Mermaid Beach tower 272 Hedges Avenue.

Sunland was behind some of the Gold Coast's most well-known buildings, including Palazzo Versace and Q1.

When telling shareholders Sunland was exiting the development game, the Abedian family always said they would run a private development company.

It was only last month that Urban reported the Abedian's purchase of two adjoining sites on Mary Avenue

First look exclusive: Abedian family go again in Broadbeach

No single developer has contributed to the apartment market in Bondi Junction more than local developer Stargate Property Group.

Having completed five towers in the Eastern Suburbs shopping hub and currently developing their sixth, Stargate, led by Igal and Elia Leis, has filed for its seventh.

They're staying on Oxford Street, where they're currently developing The Centennial Collection and have completed several other buildings. They've submitted $80 million plans for <a href="https://www.apartments.com.au/new-apartments/signature-362-384-oxford-street-bondi-junction-nsw-2022">Signature</a>, two towers at 362-384 Oxford Street, an amalgamated site on the corner of Oxford and Newland Street.

Stargate secured three of the shops for $8.75 million in 2016 and was set to submit a development application for a smaller project before the opportunity arose to secure the three adjoining shops in 2021. They paid $15 million to expand their holding to 1,553 sqm which suited a larger tower.

They are having to keep three of the shopfronts, as they have heritage significance. Architecture firm SJB, who has also designed The Centennial Collection, has incorporated the shopfronts into the designs for the street level. The other three shops have been demolished and will be replaced with a striking curved entry to the building, as well as more retail spaces.

The development application is State Significant, so it goes through the NSW Planning Panel.

The new 15-level project will have 111 apartments, a mix of 48 one-bed, 52 two-bed, and 11 three-bedroom apartments. The building will be split into two sections, connected by an internal bridge. There will be a communal rooftop with resident amenity, as well as commercial spaces on the first two levels.

The builder-developer has already cleared the site, aside from the heritage shops, and has started excavating for the six levels of basement that will have parking for 119 vehicles. They're approaching bottoming out the basement just 400 metres away at The Centennial Collection which is on track for completion late next year.

First look exclusive: Stargate seek new Oxford St, Bondi Junction apartment development

In a show of confidence, one of the northern Gold Coast’s most prolific developers, Lewis Land, has appointed leading builder Greyburn to deliver the first stage of its visionary Harbour Shores master plan.&nbsp;

The announcement coincides with the formal launch of sales in the Gold Coast’s first 6 Star Green Star Community, which will be delivered over the next decade.&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=247280]

<a href="/developers/lewis-land-group">Lewis Land</a> Chief Executive Officer, Brett Draffen, said Greyburn’s appointment signified the group’s commitment to delivering the first three residential collections as swiftly as possible.&nbsp;

“Bringing new supply to the market has never been so important for the Gold Coast and home buyers need to have confidence that the projects they’re investing in will be delivered,” Draffen said.&nbsp;

“<a href="/builders/greyburn">Greyburn</a>&nbsp;Building Contractors has a 35-year history specialising in home and boutique apartment construction and this partnership demonstrates our confidence in their capacity, local teams, and trusted supplier networks.&nbsp;

“This is a tremendous outcome for the project, and the future residents of Harbour Shores.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=214288]

The 16ha <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> masterplan, located directly opposite Harbour Town, is one of the last remaining large-scale, greenfield waterfront development sites on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.&nbsp;

Draffen said construction will commence on the luxury waterfront homes, called The Residences, in July followed by the two apartment collections – The Waterline and Palm House.&nbsp;

“The central community parkland, waterfront boardwalk, resort-style clubhouse, pool and tennis court will also be delivered in this first stage,” he said.&nbsp;

“Based on the current construction program, the first residents of Harbour Shores will be welcomed into &nbsp;their homes in 2026.”&nbsp;

Greyburn Building Contractors Director, Aaron Hook, said the company’s expertise in boutique residential projects was a strong advantage. &nbsp;

“There’s a fantastic synergy between Lewis Land’s vision for Harbour Shores and our specialist approach to the delivery of boutique residential projects,” Hook said.&nbsp;

“As a local Gold Coast business, we are incredibly proud to be able to deliver the first stage of this future-focused development.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=247284]

Designed by <a href="/architects/bda-architecture">BDA</a> architects as a ‘village of villages’, Harbour Shores will evolve over the next decade to deliver a mix of boutique apartments and villas, communal open spaces and parklands, a waterfront boardwalk, private marina berths, and a range of resort-style resident amenities.&nbsp;

It is also the Gold Coast’s most sustainable community, achieving a 6 Star Green Star Communities V1.1 Rating from the Green Building Council of Australia - a world-class standard.&nbsp;

Lewis Land has a long-standing history on the northern Gold Coast, pioneering the creation of the &nbsp;Sovereign Islands, Ephraim Island, Paradise Point Keys, Huntington Harbour and Harbour Town, redefining luxury, lifestyle and destination retail.&nbsp;

[smartcode_project_cta:default project_id=113271]

Lewis Land Chief Executive Officer, Brett Draffen, said Greyburn’s appointment signified the group’s commitment to delivering the first three residential collections as swiftly as possible

Lewis Land appoints Greyburn to deliver first stage of Harbour Shores in Biggera Waters

Development Victoria creates places for people. As the development arm of the Victoria Government, they deliver places that make a genuine difference to Victorians. Development Victoria builds great homes and communities where people can thrive while catering to different budgets, lifestyles and needs so that more people can live where they want to be at prices they can afford.

Development Victoria is progressing with its development in Sunshine North at a strong pace. With Stage 1 homes already sold out at LUMA, homes, Stage 2 homes launched earlier this year, continuing the momentum of interest in the development. Stage Two has a collection of around 85 one, two, three and four-bedroom homes, an intentional variety of configurations to cater for every kind of buyer.&nbsp;

The homes at LUMA are designed with a focus on sustainability and are all electric, featuring solar PV with battery storage, double-glazed windows, and a minimum 7-star NatHERS energy rating. The development is well-connected, with proximity to train stations, the Western Ring Road, Sunshine Hospital, and various local amenities.

[smartcode_project:default project_id=27783 project_image_fid=96894]

Future plans for the site include a pedestrian and vehicle bridge over Stony Creek via Metherall Street, providing a link between LUMA and the existing community, and new commercial and retail precincts featuring a mix of retail outlets such as supermarkets and specialty stores to support the everyday needs of local residents.

Development Victoria has appointed SAW Construction to deliver Stage 2 homes who have over 15 years' experience in townhouses construction across Victoria. SAW Constructions are also building the homes in Stage 1 which will be ready to occupy early next year.

The LUMA community will also boast a strategically positioned, 3,600 sqm park, located central to all homes. The park will feature a children’s playground, barbecue facilities, and shaded picnic areas.

[smartcode_project:default project_id=27783 project_image_fid=96896]

Development Victoria is offering prospective purchasers an opportunity to buy with just a five per cent deposit, with no progress payments until construction is complete. For a limited time, they also have an added offer of a $5,000 free upgrade package that can be used to select from a range of upgrades at no additional cost.

To make homeownership possible for more Victorians, Development Victoria aims to offer at least a quarter of the homes they build to households eligible for affordable housing through their Priority Access program. This program offers eligible households exclusive access to purchase high-quality homes at affordable prices before they are made available to the open market.

[smartcode_project:default project_id=27783 project_image_fid=255556]

LUMA’s Urban and Tempo range of homes offer innovative floorplans, some featuring two-living areas perfect for teenagers or as a work from home space, have captured the attention of a range of buyers seeking a low-maintenance family-sized home.

LUMA’s latest release of townhouses is now selling.

[smartcode_project_cta:default project_id=27783]

Development Victoria is offering prospective purchasers  the  opportunity to buy with just a five per cent deposit, with no progress payments until construction is complete

Development Victoria's LUMA Sunshine North community gathers pace

Melbourne developer Noetic Place has launched its eponymous Hampton apartment development, Noetic Places, offering some of the largest apartments on the market in the burgeoning Bayside suburb.

<a href="/developers/noetic-places">Noetic Places</a> is a celebration of design, landscape and community. <a href="/new-apartments/noetic-place-hampton-28-34-service-street-hampton">Noetic Place</a>, led by Stephen Barrow-Yu, worked extensively with the local council and community to create something that the community could celebrate, and to do that, they brought in the best collaborators.

<a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;designed the building, while the everpresent <a href="/architects/eckersley-garden-architecture">Eckersley</a> Garden Architecture handled the landscaping.

[smartcode_project:default project_id=134934 project_image_fid=277892]

The building, home to 33 two, three and four-bedroom apartments, has been designed to appear as three individual homes, mimicking the scale of nearby houses on the tree-lined Service Street, within a stroll of Hampton's beach, village and station.

The project's stepped façade features Krause bricks in sandy bayside tones, balancing the warmth of bronze metallic finishes. The exterior design is inspired by local Edwardian homes and beachy tones, featuring a light sandy brick facade with warm metallic details and timber battens.

The development is the second for Hampton-based boutique developer Noetic Places, building on the character of its first – Reunion Place - designed and delivered by the same team 500 metres away.

[smartcode_project:default project_id=134934 project_image_fid=277887]

Barrow-Yu involved neighbours in Noetic Place's design, taking time to listen to community concerns to ensure it is embraced by the Hampton community.

"We know that great architecture and design, and spaces of planted beauty, lift the spirit and add to the environment," Barrow-Yu said.

Two basement levels provide ample car spaces for residents, each with an electric charging capability.

Noetic Place prioritises green spaces by retaining established trees on-site and introducing curated pockets of local and native flora.

Upon entering Noetic Place, residents will be greeted by a lobby where the exterior brickwork textures smoothly transition into a spacious triple-height area featuring rose-tinted travertine stone, lush greenery, an overhead oculus skylight, and distinctive paving below.

[smartcode_project:default project_id=134934 project_image_fid=277890]

For the interiors of the apartments,&nbsp;Fender Katsalidis has chosen finishes and fixtures that align more with custom-designed, architecturally crafted homes.&nbsp;

Each residence is individually designed to maximise natural light and provide views of gardens or the neighbourhood.

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Residents will have access to several communal amenities, including a garden to the south of the site, featuring a pavilion with a kitchenette and a library for residents to enjoy.

Noetic Place is only 500 metres from Hampton Street, Hampton's go-to retail strip with specialty stores and eateries, including a grocer, baker, gourmet delicatessen, juice bar and a fruit market.

Evoke Property is marketing Noetic Place.

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Noetic Place will comprise just 33 large-scale apartments designed by Fender Katsilidis just 500 metres from Hampton Street

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