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

Joel Robinson

The inflation result the property market was waiting for

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

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

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

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

Allen Linz's Rebel Property Group has teamed up with luxury developer Somerset Development Group to launch the latest luxury apartment development in Sydney's affluent Mosman.

They're launching <a href="/new-apartments/eden-mosman-5-brady-street-mosman">Eden</a>, just 13 apartments designed by&nbsp;<a href="/architects/pbd-architects">PBD Architects</a>&nbsp;and&nbsp;<a href="/interior-designers/mim-design">MIM Design</a>&nbsp;at 5 Brady Street, just off Military Road near Hotel Mosman and Harris Farm.

<img alt="Eden" data-entity-type="file" data-entity-uuid="82526720-372c-40db-830d-4d5dd1ad8ae4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-12%20at%2011.54.26%20am.png?VersionId=HNtNxyPmZx9RHYRtUoSqNSCuhVhrpR_s" />

&nbsp;

Eden features a sculpted form with an emphasis on enduring materials and rich textures. The facade incorporates subtle curves that create a sense of movement, while extensive glazing offers sweeping views of <a href="/developments/sydney-nsw">Sydney</a> Harbour.

“The masculinity of the built form is tempered through a finer grain layer of detailing including timber-toned screens and natural sandstone landscaped planter walls,” PBD Architects Founder Paul Buljevic said.

<img alt="Mosman Eden Launch - interior" data-entity-type="file" data-entity-uuid="f185b1ce-06d5-4aef-ad43-6beb0077b999" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Eden%20Mosman%20kitchen.jpg?VersionId=JFzAgeA6djLQLKBSmTQvUxT9xmsl9HDd" />

Each apartment includes contemporary interiors and lush outdoor spaces designed to capture natural light.

Interior designer Miriam Fanning said their focus is to inspire their clients with a finished project that goes beyond their expectations.

"Our philosophy is to produce unique and individual design results that not only reflect our clients or their brand, but enhance their lives."

<img alt="Eden" data-entity-type="file" data-entity-uuid="78dcc454-19f1-493d-b95f-19229fa8a15e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-12%20at%2011.49.18%20am_0.png?VersionId=IM9VzYW9.w9fl6vz_S8FNzks7n_p7.dp" />

Located just 100 metres from shops and services, Eden offers residents a vibrant harbourside lifestyle in one of Sydney’s most sought-after suburbs.

Somerset Development Group are more well known for building and restoring landmark homes across Sydney, while <a href="/developers/rebel-property-group">Rebel Property Group</a>&nbsp;has created some of Bondi Beach's best apartments.

Eden joins the likes of <a href="/new-apartments/redan-lane-22-redan-street-mosman">Redan Lane</a> by Prosker Property, Kleo by WINIM, and <a href="/new-apartments/mosman-residences-22-clifford-street-mosman">Mosman Residences</a> by Abadeen on the luxury Mosman off the plan apartment market.&nbsp;

mikah.m@urban.com.au

Mosman's luxury off the plan apartment injection continues with Eden launch

National property developer <a href="/developers/sarazin">Sarazin</a> has appointed <a href="/builders/hutchinson-builders">Hutchinson Builders</a> as the construction partner for its new Woolloongabba apartment development, Murcia Residences.

The project, inspired by the Spanish city of Murcia, is designed by <a href="/architects/hal-architects">HAL Architects</a> and aims to offer a relaxed, Mediterranean ambience with extensive outdoor amenities.

<a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a> comprises 186 one, two, three, and four-bedroom apartments with open-plan living spaces that integrate indoor and outdoor areas.&nbsp;

Residents will enjoy views of the city, river, and eastern suburbs from deep balconies designed for alfresco living.

[smartcode_project:default project_id=135094 project_image_fid=214645]

Crowning the development will be an infinity pool, accompanied by private poolside cabanas and sun lounges.

Just steps away from the pool will lie the unique wellness centre, where residents can benefit from cold and warm magnesium plunge pools, a sauna, steam room and outdoor showers, as well as alfresco private dining and barbecue facilities.&nbsp;

Read more:&nbsp;<a href="/news/qld/hovering-above-the-gabba-sarazin-produce-special-rooftop-at-murcia-residences">Hovering above The Gabba: Sarazin produce special rooftop at Murcia Residences</a>

Residential amenities will also be featured across the ground level, with new cafes offering a convenient pit stop for residents. The second level of Murcia will feature a fully equipped gym, while there'll also be a dedicated bike repair workshop.

[smartcode_project:default project_id=135094 project_image_fid=214685]

Aside from the luxurious features within Murcia, residents will benefit from their positioning within East Brisbane.&nbsp;

A mere 500-metre walk away from Murcia lies the new Cross River Rail Station, slated for completion in early 2025, with the convenient transportation hub set to connect residents to the rest of the city.

The Overend Street project and its residents will benefit from the substantial investment in the Olympic precinct. Both government and private investors are injecting billions of dollars to establish a thriving 24/7 precinct that will endure long after the conclusion of the 2032 Olympic and Paralympic Games.

Murcia Residences is slated for completion in late 2026.

Read more:&nbsp;<a href="/news/qld/a-front-row-seat-to-the-2032-brisbane-olympics-how-murcia-residences-is-set-to-take-advantage-of-woolloongabba-boom">A front row seat to the 2032 Brisbane Olympics: How Murcia Residences is set to take advantage of Woolloongabba boom</a>

[smartcode_project_cta:default project_id=135094]

Murcia Residences is slated for completion in late 2026

Hutchies to build Sarazin's Murcia Residences in Woolloongabba

Gold Coast downsizers are seeking quality alternatives to traditional housing and apartment options with leading agents claiming the lifestyle demographic is prioritising dwellings with larger floor plans, privacy, and increased security in prime locations.&nbsp;

The multi-award-winning villas at <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a>’s newest community, <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a>, currently under construction, are hitting the mark with empty nesters, with the majority of sales to date made to downsizers from the surrounding suburbs.

Construction is on schedule for a late 2025 completion, with the first pour of internal roads complete and the first slabs being poured this week.

[smartcode_project:default project_id=139511 project_image_fid=216115]

Local downsizers Chris and Julie Kelaart were quick to secure a three-bedroom villa at <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> after the <a href="/new-townhouses/gold-coast-qld">Gold Coast</a> couple decided they wanted to elevate their lifestyle while minimising the upkeep and maintenance required by their family home.

“We have lived on the Gold Coast for almost 14 years and with all of our children married it was time to sell the 17-acre family property and downsize to a home that reflects the lifestyle we want for the next stage of our lives,” Mr Kelaart said.

“When we started looking for our next home, we were set on purchasing a new property and we were prepared to buy off the plan.

“With <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> under construction, we are just so excited because it’s all good and well to look at plans and designs but to see it coming out of the ground is amazing.”

[smartcode_project:default project_id=139511 project_image_fid=213455]

<a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a>, developed by Gold Coast-based <a href="/developers/monaco-property-group">Monaco Property Group (MPG)</a> and being built by <a href="/builders/greyburn">Greyburn Building Contractors</a>, is a landmark project representing the largest residential project in the suburb in more than three decades. <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> occupies a prime 1.2-hectare site set to house 48 architecturally designed luxury villas.

Coming from a large family home, Mrs Kelaart said she was drawn to Capri because she didn’t feel she was compromising on space and liveability yet she gained a new level of luxury with an architecturally-designed villa that felt like a separate dwelling.&nbsp; 
&nbsp; 
“We chose a villa at <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> because of the exceptional high-quality workmanship and the beautiful design,” says Mrs Kelaart.&nbsp;

“The generous floorplans made us feel like we weren’t resizing our whole lives to fit into a downsizing option and we still have plenty of room to comfortably accommodate our family and friends when they visit with the extra bedrooms and bathrooms.

“The resident facilities are top notch too so the days of Chris sitting on the mower for hours on end are long gone and having someone else to look after the pool will be fantastic.”

[smartcode_project:default project_id=139511 project_image_fid=213450]

Designed by global practice <a href="/architects/plus-architecture">Plus Architecture</a> and award-winning local firm <a href="/architects/bda-architecture">BDA Architecture</a>, the project offers two and three-level villas ranging in size from 241 sqm to 370 sqm with three and four-bedroom options available along with multi-purpose rooms and secure double garages.

NPA Director Andrew Erwin says a villa at <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> is the “ultimate rightsizer”, offering house-size dimensions in a blue-chip location within a secure, gated community.

“Downsizing is often considered a compromise as it implies you are sacrificing or giving up something but many people in this age bracket do not want to compromise on space and liveability in their new home, instead they want to upscale their lifestyle to suit the next stage of their lives,” Erwin says.

“<a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> offers a villa lifestyle where you don’t have to compromise on space or privacy, yet you have the added benefits of extra security, access to resort-style amenities that you don’t have to maintain, and a prime location close to all the Gold Coast has to offer.

“With construction now full steam ahead and the first residents expected to be welcomed next year, Capri is the perfect option for buyers who want to embrace a lifestyle change within the foreseeable future.”

<a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> offers an exclusive gated community surrounded by world-class resort-style, resident-only amenities including a pool with submerged lounge chairs, a sundeck, an outdoor dining terrace, a covered barbeque area, and a residents lounge complete with kitchen, bar, TV, lounge, and fireplace.

<a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> is more than 60 per cent sold.

[smartcode_project_cta:default project_id=139511]

NPA Director Andrew Erwin says a villa at Capri is the “ultimate rightsizer”, offering house-size dimensions in a blue-chip location within a secure, gated community.

Why rightsizers and downsizers are buying new villas on Isle of Capri

The Department of Planning, Housing and Infrastructure (DPHI) has gazetted an amendment to the <a href="/developments/woollahra-nsw-2025">Woollahra</a> Local Environmental Plan (LEP) 2014, allowing the planning proposal at 136-148 New South Head Road, <a href="/developments/edgecliff-nsw-2027">Edgecliff</a> to proceed with increased density.

The amendment raises the height limit from 14 metres to 46 metres at the 1,748 sqm mixed-use site located three kilometres from the CBD and&nbsp;opposite the Edgecliff Centre and Edgecliff Station.

<a href="/architects/group-gsa">GroupGSA</a> delivered the planning proposal for the development dubbed One Darling Point, which is currently for sale through CBRE and Colliers. International development company,&nbsp;<a href="/developers/anka-property-group">Anka Property Group</a>,&nbsp;directed by Andrew and Vera Boyarsky, are the vendors.

GroupGSA urban design principal Jenna Keyes said the site’s significant location, situated directly across from Edgecliff Station and bus interchange, will contribute to the NSW Government’s aspiration for Sydney to be a 30-minute city.&nbsp;

“Appropriate development of this site presents an opportunity to maximise the benefits of active and efficient transport for more residents and support the newly released housing targets from the NSW Government,” Keyes said.&nbsp;

The New South Head Road corridor provides essential access to transport and services and a significant catchment area including <a href="/developments/darling-point-nsw-2027">Darling Point</a> Peninsula, <a href="/developments/paddington-nsw-2021">Paddington</a>, <a href="/developments/double-bay-nsw-2028">Double Bay</a> and <a href="/developments/rushcutters-bay-nsw-2011">Rushcutters Bay</a>.&nbsp;

Keyes said the rezoning will support future renewal objectives set out in the Greater Sydney Region Plan, including providing an appropriate location for additional housing, fostering growth to meet the community's needs for goods and services, and enhancing the area's roles in recreation, culture, arts, and community hubs.

<img alt="Developers to circle prime Darling Point apartment development site" 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%202024-03-25%20at%201.45.01%20pm.png?VersionId=nlFrd7aAx8ImJ3GO0WqpiR_7fPsZHdIB" />

GroupGSA developed a concept design for the site to align with the client’s and Woollahra Council’s vision of delivering the highest standard of architectural and urban design within the rejuvenated urban corridor and revitalised core.

GroupGSA Architecture principal Alister Eden said the site, positioned at the prominent intersection of New South Head and Darling Point Roads, presented “an opportunity to create a gateway building and new focal point” in the transformation of Edgecliff.

“The design is a direct nod to the retained art deco former bank building, and adjacent buildings of a similar architectural style,” Eden said. “The concept was conceived to work in harmony with the existing urban condition, while also delivering a contemporary response to this changing environment.&nbsp;

“An activated public interface on the ground plane is designed to enhance the pedestrian experience of the centre, within what is currently a very vehicle-centric environment. This will improve the social and economic conditions of Edgecliff as a whole, aligning with the future development that is anticipated across adjacent sites.”

In July 2022, Woollahra Council refused the proposal, prompting Anka to call for a rezoning review. Following the success of that outcome, the NSW Department of Planning announced a gateway determination in March of this year.

Council backflipped on its decision by supporting the plans in February 2024, following public submissions which saw 63 per cent of residents in favour of the high-rise development.

In July 2022, Woollahra Council refused the proposal, prompting Anka to call for a rezoning review. Following the success of that outcome, the NSW Department of Planning announced a gateway determination in March of this year

New Edgecliff gateway development expected after height limit triples

Popular watering hole the Northbridge Hotel, and the adjoining commercial precinct Northbridge Village, are set to make way for a new mixed-use retail and apartment building.

SJD, who is well known in Sydney's east for developing the luxury apartment project 1788, has filed plans with Willoughby Council for a new $45 million development comprising 24 apartments above street-level retail at 57-69 Strathallen Avenue, just off Sailors Bay Road and not far from Northbridge Plaza.

Bates Smart has designed the five-level building which has a mix of just three and four-bedroom apartments. Two EV charging bays will feature in the two-level basement that will cater for 51 cars for both residential and retail use.

There's been little in the way of off the plan activity in Northbridge in recent years. There had previously been plans for Escarp, across the road at 46 Strathallen Avenue, however they failed to eventuate.

The only recent project to launch locally was with WINIM, who in October last year launched&nbsp;Flō, just seven townhomes and five apartments opposite Northbridge Shore Playing Fields and just a few hundred metres down the road from Northbridge Plaza and the popular Warners Park.

First look: Northbridge Hotel to make way for new mixed-use development

Sekisui House&nbsp;Australia has released an exclusive collection for the second stage of Glade Apartments in their Wentworth Point masterplan community, Sanctuary.

The exclusive release comprises just eight four-bedroom waterside apartments boasting generous floor plans ranging from 198 sqm to 204 sqm.

<img alt="Stage Two of Glade Apartments, Sanctuary - living kitchen" data-entity-type="file" data-entity-uuid="3bab5a09-9792-4dfe-9073-8095f9032989" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Glade-Apartments-kitchen.jpg?VersionId=NuXHkugqnLaDkXmJ2YU0FZDHp27kep3H" />

Each residence features meticulously designed interiors with open-plan living areas and multiple balconies that offer north-west and east-south views of the river and parklands.

Central to these residences is the expansive kitchen equipped with a full-height pantry cupboard and upgraded Fisher &amp; Paykel appliances, including a fully integrated fridge.

<img alt="Stage Two of Glade Apartments - balcony" data-entity-type="file" data-entity-uuid="b44057d8-907d-4910-86f2-a76a897d8115" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Glade%20balcony%20%281%29.jpg?VersionId=GxvXnUe_vp7cjSpwo_j5LlEkQwyX8EZL" />

The balcony is an extension of the living space, featuring a BBQ unit and a stone bench for convenient alfresco hosting.

With a focus on the health and wellbeing of residents, this stage will feature a central 3,150 sqm Neighbourhood Green providing an elevated flexible open space, covered communal dining area, BBQ area, and water play along with an exclusive multi-level facilities building—Revive.

<img alt="Stage Two of Glade Apartments, Sanctuary - Revive amenities" data-entity-type="file" data-entity-uuid="f3b982b4-00c1-491f-8485-f915773a6c63" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Glade%20Revive-min.jpg?VersionId=znFjHzkT_uZEnJwHn2adXqQmUBqGZTkJ" />

Upon completion, the six-stage Sanctuary masterplan by&nbsp;<a href="/developers/sekisui-house-australia">Sekisui</a>&nbsp;will be home to around 2000 waterfront apartments, specialty retail and dining surrounded by generous public open spaces and outdoor activations such as foreshore park, BBQ areas and children’s playgrounds.

Released after the sold-out Landing stage, <a href="/new-apartments/laguna-glade-3-5-sea-rush-street-wentworth-point">Laguna &amp; Glade</a> is located at the heart of Sanctuary’s master plan and consists of a total of 163 premium waterside apartments.&nbsp;

<a href="/architects/pbd-architects">PBD Architects</a> designed the 13-level Laguna building and the eight-level, 70-apartment Glade.

The starting price for Glade's exclusive release is set at $3 million, with move-ins expected by the end of 2024.

[smartcode_project_cta:default project_id=139793]

The starting price for Glade's exclusive release is set at $3 million, with move-ins expected by the end of 2024

Sekisui House Australia release exclusive waterfront apartments in Wentworth Point masterplan, Sanctuary

Sekisui House&nbsp;Australia has submitted a development application for the construction of three multi-storey apartment towers in Melrose Park.

The $450 million project outlines the construction of a 21 and 24-level, plus a central seven-level tower above a podium level at 82-84 Wharf Road.&nbsp;

The buildings will be home to a total of 468 apartments and will include three basement levels providing 584 car parking spaces.

The current proposal is for the sixth stage of the broader <a href="/new-townhouses/melrose-park-nsw-2114">Melrose Park</a> master plan, which aims to deliver 6000 homes upon completion. Group GSA says the block for the new building, referred to in the planning documentation as Lot A,&nbsp;interfaces with previously approved residential flat buildings which buffer the site from Victoria Road, along the northern edge.

"As approved outside of the current DCP and masterplan, these built, or under-construction forms, present our site with a varied interface of 7-11 storeys in building heights and the street wall condition, and will be inconsistent with the DCP controls that influence our site," Group GSA noted.

"As a result, the proposed massing for Lot A seeks to address both conditions and to provide an appropriate contextual response.

<img alt="MElrose Park" data-entity-type="file" data-entity-uuid="82807457-145a-4164-b9ce-3a4df5cae738" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%201.55.36%20pm.png?VersionId=7s1uZtt...xrAFtzA4P7l3RToi7TPlnd" />

This application follows another submitted by <a href="/developers/sekisui-house-australia">Sekisui</a>&nbsp;earlier this year for stage five which proposed 368 apartments, also designed by <a href="/architects/group-gsa">Group GSA</a>.&nbsp;

Planning for Melrose Park’s redevelopment began in 2016, with the area rezoned in 2022 following the council’s endorsement of the <a href="/new-townhouses/parramatta-nsw">Parramatta</a> Employment Lands Strategy.&nbsp;

The precinct is undergoing a transition from industrial to mixed-use development, including high-density residential, open space, retail/commercial uses, and a new school.

The extensive Melrose Park master plan has attracted attention from various developers, including <a href="/developers/deicorp">Deicorp</a>, highlighting its growing appeal and connectivity after the approval of Parramatta Light Rail Stage 2.

The light rail will provide a direct public transport link between Melrose Park, <a href="/new-townhouses/wentworth-point-nsw-2127">Wentworth Point</a>, Sydney Olympic Park, and Parramatta CBD.

"Melrose Park provides for a peaceful and family-friendly atmosphere, making it a sought-after place to live that attracts a mix of families, professionals, and retirees who appreciate its safe and serene environment," Group GSA added.

The extensive Melrose Park master plan has attracted attention from various developers, including Deicorp, highlighting its growing appeal and connectivity after the approval of Parramatta Light Rail Stage 2

Sekisui file sixth stage of Melrose Park masterplan

Boutique off the plan apartments have been few and far between in Prahran in recent years.

The cool suburb, known for its cafes, markets and bars, looks set to welcome one, and on arguably on one of the best sites in the area.

Developer Kincrest, who is currently developing The Watson in Essendon and&nbsp;Armytage in South Yarra and has previously delivered three projects in South Yarra, has submitted plans to the Stonnington Council for a mixed-use building on Grattan Gardens.

<img alt="Gratan St" data-entity-type="file" data-entity-uuid="08401620-6eec-42f4-b546-8199c18b36a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%2010.36.45%20am.png?VersionId=ENF5HWQAoWKM4sfuZkfDItLa59Fbgp_P" />

Kincrest, led by Tom Howgate, secured <a href="/new-apartments/the-osment-prahran-3-7-grattan-street-prahran">3-7 Grattan Street</a> off market, and then amalgamated the neighbouring single-level warehouse to create 1,613 sqm and a 35-metre frontage to the park.

The plans by Cheah Saw Architecture are for 22 apartments across a seven-level building. The two three and four-bedroom apartments, offering larger than standard sizes, something which is built into Kincrest's development ethos, will sit above two levels of strata offices and a ground-floor cafe and retail space that will face the park.

"The Greville St precinct, with positive input from the City of Stonnington, has rejuvenated in recent years, we’re really excited to be within such a historical, vibrant area of life. We see this development as contributing to a world-class location" Howgate says.

"Both the apartments and the offices will be desirable for a lot of people. There's transport on the doorstep with the Prahran Station, access to Punt Road, and every service you could want within 200 metres. That's on top of being directly opposite the park, an opportunity that rarely presents itself."

<img alt="Kincrest" data-entity-type="file" data-entity-uuid="41b5f516-e2d8-44eb-921e-2837b6638535" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%2010.37.00%20am.png?VersionId=Ox1IDQzk6.073ZDOTq3FD4rLnx4aF8uy" />

Howgate says there's not been apartments or office spaces&nbsp;like this in Prahran before.

"We have a lot of confidence in the location and what's on offer, and we believe it will resonate with several buyer demographics."

Cheah Saw cleverly designed the building on an irregularly shaped block to step down from its roof, creating a green topography.

"The building is intended to be an extension of the park, a sloping green hill stepping down to Grattan Gardens.," the architecture firm noted in their documentation submitted as part of the planning process.

"The terraces are framed by greenery above and below, framing views to the park and utilising the concept of borrowed scenery, connecting the building to the park and beyond."

There's a maximum of six apartments per floor. The majority of the apartments are well over 150 sqm, something which Howgate says has stood them in good stead in a challenging market.

There will be four two-bedroom apartments, 17 three-beds, and a single four-bedroom penthouse that will share the top level with a communal terrace.

Howgate is hoping to launch the Grattan St project later this year.

Kincrest, led by Tom Howgate, secured 3-7 Grattan Street off market, and then amalgamated the neighbouring single-level warehouse to create 1,613 sqm and a 35-metre frontage to the park

Exclusive first look: Kincrest plots new Prahran apartments

Vertically integrated Gold Coast developer, Big Projects, is set to take on its biggest apartment project to date.

As completion approaches on the likes of Yves by Hirsch &amp; Faigen and LAANI by Dankav, both in <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>, Big Projects' Glenelg Residences will bring the next wave of new apartments to the sought-after suburb.

Big Projects, led by Matthew and John Barrettt, has filed for an 11-level building on a large 2,056 sqm site at&nbsp;2462-2472 Gold Coast Highway, on the corner of Glenelg Avenue and opposite the Glenelg Public House.

The building will have 96 apartments, a mix of two and three-bedroom units, rooftop amenity in the form of an infinity pool, hot and cold plunge spas, day beds and a barbecue and alfresco space.

<img alt="Glenelg" data-entity-type="file" data-entity-uuid="1cc20f97-ac0d-4ef4-88d5-f465baed1833" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%209.55.45%20am.png?VersionId=cpjIVBqcT_sujmo2UMWkVyLcQ7WGJHaQ" />

The apartments will sit above a significantly activated ground plane that will home eight retail spaces at street level and a bar in the basement.

Big Projects had BDA design the tower which sits just 270 metres away from the future&nbsp;Mermaid Beach Light Rail Station. BDA said in the documents that the project offers&nbsp;the opportunity to design an innovative architectural building and provide a higher residential density development along the Gold Coast Highway.

"This project offers the opportunity to generate appropriate higher-intensity development within the future Light Rail corridor of Mermaid Beach," BDA's submission to the Gold Coast City Council read.

<img alt="Glenelg" data-entity-type="file" data-entity-uuid="d4478284-d479-44e2-a066-8be313423c57" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%209.53.09%20am.png?VersionId=oc3rm6Qy6zT8suhJOLVIYIuX3EBqUfnm" />

"It will contribute to the diverse mix of residential and retail uses envisaged for the area. As designed, the project will provide a memorable sculptural mid-rise mixed-use building."

They said the architecture&nbsp;of the proposed development is minimal and hard-lined, with cantilevered concrete frames and a textured and timeless material palette of brick, textured concrete, and cascading plants, creating a rich and layered urban coastal effect.

"Inspired by nature, the project looks to provide lush cascading landscaping to soften the urban context of the site, and provide a harmonious place for residents and visitors to reside."

<img alt="Glenelg" data-entity-type="file" data-entity-uuid="09cc2f00-6bf4-46b1-b81d-b3639a24f90f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%209.55.28%20am.png?VersionId=CcirRW7BAOjjtTUgVH.oambr4kkxOgU3" />

The subject site is included within the Urban Footprint subject to ShapingSEQ 2023 (‘The Regional Plan’) which sets a benchmark of 161,700 new dwellings to be provided within the City of Gold Coast local government area by the year 2046.

The SEQRP benchmarks that 62 per cent (100,254 dwellings) be provided in a high-rise attached format (e.g. high-rise apartments/units, active ground level – street-facing and/or mixed-use) by the year 2046, the Town Planning Report by ZONE Planning noted.

"This requires the City of Gold Coast Council to provide on average, 4,010 High-Rise attached dwellings on a per annum basis until the year 2046, or the equivalent of 48 x 25-storey apartment towers with 84 units each per year."

Big Projects is no stranger to the area. They have approval for Cleo, a boutique six-level apartment block at 2265 Gold Coast Highway. They've&nbsp;previously developed Zinc at Kirra Beach, 73 apartments completed in 2019.&nbsp;

The apartments will sit above a significantly activated ground plane that will home eight retail spaces at street level and a bar in the basement.

Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences

Developer Immerse Projects is putting shovel in the ground at its Robina apartment development,&nbsp;Ombré, just a few months after launching the project to the market.

It comes after they secured <a href="/news/qld/40-million-in-four-weeks-at-ombr-robina-apartments">$40 million in sales in just four weeks</a>.

The <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">eight-storey development</a> on Scottsdale Drive, which will deliver a mix of 95 one, two and three-bedroom apartments and ground-level retail and commercial spaces, is already 50 per cent sold.&nbsp;

Seasoned local builder <a href="/builders/greyburn">Greyburn Building Contractors</a> commenced early works on site this week.&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251415]

<a href="/developers/immerse-projects">Immerse Projects</a> founder and Managing Director John Kearney said more than 70 per cent of Ombré purchasers were local owner-occupiers and the swift transition from sales to construction would enable much-needed housing supply to be delivered without delay.&nbsp;

“The only way the sector can restore buyer confidence is to have the financial capacity and project partners to get construction underway early,” Kearney said.&nbsp;

“Too many projects are gathering dust on the shelf and it’s hurting the industry.&nbsp;

“Ombré is delivering high-quality housing supply to the Gold Coast’s lifestyle-driven ‘middle market’, which has been overlooked in the rush by developers to cater exclusively to prestige buyers.&nbsp;

“We launched the sales program in March and there are machines on the ground in June. Based on the current schedule, we’re expecting to welcome residents to their apartments in late 2025.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=276623]

Kearney, who is at the helm of both Immerse Projects and Greyburn Building Contractors, said the alignment of his two companies would ensure the seamless delivery of Ombré.&nbsp;

“Greyburn’s greatest strength is our local expert team, many of whom have been with us for decades, and their trusted supplier and trade networks,” he said.&nbsp;

“Our building teams are leaders in mid-rise and townhouse construction, and our expertise in this niche &nbsp;area has enabled us to hone our skills, grow our reputation and derisk our workbook.”

[smartcode_project:default project_id=143341 project_image_fid=251418]

Kearney said Greyburn had a 35-year history of delivering award-winning projects for leading private and listed developers and was the exclusive contract builder for Immerse Projects.&nbsp;

“It’s incredibly advantageous to be able to align the development and construction outcomes from the early conception of a project, shaving up to six months off the typical delivery process,” he said.&nbsp;

“This time saving equates to cost savings and added peace of mind for purchasers.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251416]

Located close to <a href="/developments/robina-qld-4226">major retail, education and employment centres</a> and well connected to the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>’s beaches, Kearney said Ombré would give its residents endless opportunities to live life in their own way.&nbsp;

Apartments with one-bed, two living areas start from $749,000, two-bedroom apartments start from $829,000, and three-bedroom apartments start from $1.23 million. Private resident amenities include a residents’ lounge, function room, games room, spacious pool and landscaped outdoor spaces.&nbsp;

[smartcode_project_cta:default project_id=143341]

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