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

Joel Robinson

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Aniko Group has sold over 80 per cent of the apartments at their under-construction Chevron Island apartment development, Orama.

Only 21 apartments remain in the 21-level building. Priced from $1.25 million, there are a mix of two-bedroom, two-bathroom plus study configurations, as well as three-bedroom sky homes on the upper levels that are topped off by two luxury penthouses.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209596]

Positioned in the thriving <a href="/developments/chevron-island-qld-4217">Chevron Island</a> precinct, <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> offers discerning buyers well-priced luxury in a rapidly growing market. Under the leadership of George Mastrocostas, Aniko Group’s robust sales campaign has swiftly moved apartments, leaving scarce inventory remaining as downsizers flood the limited opportunities in the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> market.&nbsp;

Mastrocostas said the sales success of&nbsp;Orama reaffirms that downsizers are the primary market driving the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>’s appetite for premium living experiences.

“These remaining apartments represent a rare opportunity for buyers to secure their slice of premium living in this coveted location”.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=240587]

Orama's rooftop amenity level includes a pool, spa, gym, yoga and Pilates room, residents' lounge with indoor and outdoor dining options, barbecue facilities, and a fully equipped business centre.

Peter Malady, sales and marketing director of Aniko Group, said their&nbsp;strategic pricing and emphasis on luxury amenities have resonated particularly well with local downsizers, who don’t just seek a residence, but a lifestyle tailored to their needs and desires.

"Orama epitomises our dedication to creating spaces where luxury seamlessly intertwines with everyday living, through meticulous attention to detail and a deep understanding of our buyers' preferences”.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209597]

Aniko Group’s in-house construction team, having completed their latest Hope Island development, are on track for a late 2025 completion date of Orama.

Aniko is currently awaiting approval for the $2 billion <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The&nbsp;Landmark at Mermaid Beach</a>, their four-tower masterplan that will bring just shy of 1000 apartments to the tight Gold Coast unit market.

[smartcode_project_cta:default project_id=111898]

Aniko Group’s in-house construction team, having completed their latest Hope Island development, are on track for a late 2025 completion date of Orama

Orama on Chevron Island hits 80 per cent sold as construction continues

Balmoral Quay, one of the first residential developments in Rippleside in decades, has completed construction.

Ireland Brown Constructions recently completed the third and fourth stages of the Liverpool Street,&nbsp;<a href="/developments/rippleside-vic-3215">Rippleside</a>&nbsp;development, next to Balmoral Quay Marina.

Stages three and four comprise 44 two-level townhouses and 17 apartments.

The completion of <a href="/buildings/balmoral-quay-rippleside-43-liverpool-street-rippleside">Balmoral Quay</a>, which has been described as a "labour of love" by the developers, comes as the final release of sought-after waterfront homes, with only a limited number of ready-to-move-in units still available for sale.

[smartcode_project:default project_id=34180 project_image_fid=255187]

Designed by internationally acclaimed <a href="/architects/sjb-architects">SJB Architects</a>, the residences feature large, open-plan living spaces meeting terraces or balconies, and panoramic views across Corio Bay.

&nbsp;

Balmoral Quay is strategically located near <a href="/new-townhouses/geelong-vic-3220">Geelong</a>'s CBD, offering convenient access to urban amenities while also providing a serene environment with lush green parks nearby.

The harbourside residences at Balmoral Quay start at $1.785 million, while the parkside residences start from $1.95 million.

McGrath Projects is the project marketer handling sales at Balmoral Quay.

[smartcode_project_cta:default project_id=34180]

The harbourside residences at Balmoral Quay start at $1.785 million, while the parkside residences start from $1.95 million

Final residences remaining as Balmoral Quay Rippleside finishes construction

Azure is releasing the final apartment in its One Five Six apartment development in New Farm.&nbsp;

The sub-penthouse in&nbsp;<a href="/buildings/one-five-six-156-oxlade-drive-new-farm">One Five Six</a>, located at 156 Oxlade Drive in the heart of <a href="/developments/new-farm-qld-4005">New Farm</a>, is the final apartment to be released to the market.

Set on level five of the building, the 226 sqm apartment has three bedrooms, three bathrooms, and a three-car garage. It features a 35 sqm river-facing terrace.

[smartcode_project:default project_id=95611 project_image_fid=180234]

Residence 5.02 is positioned on the north-eastern side of the building taking full advantage of the 11-metre frontage affording elevated, uninterrupted views of the Brisbane River and Oxlade Park.

<a href="/developers/azure">Azure</a> Director Trent Kiernan says the apartment is "pretty well irreplaceable."

"In a building without compromise and in the best street in New Farm, someone will be very lucky to secure it,” Keirnan said.

[smartcode_project:default project_id=95611 project_image_fid=180233] 
&nbsp;&nbsp; 
Simon Caulfield, who is marketing the apartment, says the opportunity to purchase something like this is scarce. 
&nbsp; 
“When you consider the location, uninterrupted views, practical floorplan and quality finishes throughout, the sub-penthouse residence has no compromise," Caulfield says.

"In the current market, residential opportunity of this calibre is incredibly scarce. Most importantly, construction is nearing completion where buyers have the benefit of occupying in the later half of this year."

[smartcode_project:default project_id=95611 project_image_fid=180226]

&nbsp;Brisbane remains a standout performer at the prestige end of the market, where it maintains positive growth rates consistently observed month on month.&nbsp; 
&nbsp; 
“While Brisbane continues to grapple with limited inventory, particularly in premium locations, there’s a noticeable influx of buyers, especially in the upper echelons of the market," Caulfield adds.

"This demand underscores Brisbane’s status as an attractive investment destination, offering a compelling mix of lifestyle amenities, urban sophistication, and comparatively more affordable prices compared to <a href="/new-apartments/sydney-nsw">Sydney</a> and <a href="/new-apartments/melbourne-vic">Melbourne</a>.”

[smartcode_project:default project_id=95611 project_image_fid=180239] 
&nbsp; 
Affluent buyers are typically looking to transition to a more streamlined lifestyle without sacrificing on quality or comfort, looking to purchase more than just a place to live.&nbsp; 
&nbsp; 
“Understanding and catering to buyers’ preferences in the high-end property market is crucial for developers and agents operating in the prestige property space, One Five Six perfectly exemplifies the desire to purchase a lifestyle statement that encapsulates luxury, security and convenience.” 
&nbsp; 
One Five Six offers a collection of a total of ten residences comprising of a penthouse, garden penthouse and eight apartments, complemented by luxurious amenities that promote rest and recovery from a busy city lifestyle.

[smartcode_project:default project_id=95611 project_image_fid=180240] 
&nbsp; 
The penthouse comprising of 4-bedrooms, 5-bathrooms, 7-car garage, 1500 bottle cellar, complete with a 200sqm rooftop terrace and heated lap pool sold for a Brisbane record of $11.3 million in 2022. 
&nbsp; 
Azure is a privately owned real estate development and investment company that has delivered more than 1,400 terraces, units and residential lots since it was founded in 2014. 
&nbsp; 
The company’s active portfolio of seven developments is valued at more than $500 million including <a href="/new-apartments/one-earle-lane-by-azure">One Earle Lane</a>, Oakmont and <a href="/buildings/dahlia-residences-106-alex-avenue-schofields">Dahlia</a> and it hosts a future pipeline in excess of $1.3 billion.

One Five Six is set to be completed by the end of 2024.

[smartcode_project_cta:default project_id=95611]

Best and last remaining riverfront-facing residential property launched to market

Azure release final apartment in One Five Six, New Farm development

Developer Kinstone Group has lodged plans for a $380 million mixed-use master-planned community in Rochedale, 15 minutes south of the Brisbane CBD, delivering new housing supply alongside expansive green space, retail, and a boutique hotel and tavern.&nbsp;

Designed by award-winning <a href="/builders/arkhefield">Arkhefield</a>, ‘Rochedale Terrace’ is situated at the four-hectare corner site at 46 West Street and 400 Miles Platting Road. &nbsp;

It has been envisioned as a ‘new community heart’ for the suburb, linking a large new parkland with existing green space to create a walkable corridor that integrates recreation, retail and residential. &nbsp;

<a href="/developers/kinstone-group">Kinstone Group</a> General Manager, Tommy Hung, said the proposed master plan will be delivered in three stages over the next decade.&nbsp;

“Our vision is to create a vibrant and welcoming destination that celebrates the natural environment and brings people together,” Hung said.&nbsp;

“The first stage of Rochedale Terrace will deliver a contemporary mixed-use precinct that includes a variety of retail and dining options, a local tavern, and a 75-room boutique hotel, deliberately set back from West Street to prioritise the position of the new community park.&nbsp;

“The park is the heart of the precinct, from which the retail pavilion and residential buildings will take shape. It also provides an opportunity to rejuvenate the adjoining creek and connect the precinct to &nbsp;the broader community.”&nbsp;

Around 280 apartments will be delivered during the second and third stages of development, alongside additional retail and commercial spaces, outdoor pavilions and extensive landscaping for the benefit of the broader community. &nbsp;

“Rochedale Terrace will create more green shared spaces, retail and social precincts for the community to connect and will become a vibrant meeting place in years to come,” Hung added.&nbsp;

<a href="/developments/rochedale-qld-4123">Rochedale</a> is one of <a href="/developments/brisbane-qld">Brisbane</a>’s original ‘million dollar’ suburbs due to its large family homes and connection to the city and has been the focus of major public and private investment in recent years.&nbsp;

Hung said the Rochedale Terrace master plan responds to this growth with a ‘gentle density’ approach that provides much-needed housing diversity and retail, recreation and events spaces.&nbsp;

Kinstone Group is actively delivering several masterplanned communities in South East Queensland, including the 65-hectare Serenity 4212 master plan in Helensvale and the $1.5 billion Foxwell Coomera mixed-use precinct on the northern Gold Coast – both in a joint venture with Keylin.&nbsp;

&nbsp;

Kinstone Group General Manager, Tommy Hung, said the proposed master plan will be delivered in three stages over the next decade. 

Kinstone plot $380 million Rochedale precinct, Rochedale Terrace

DCN Group has become the first developer in the Bankstown area to take out Resilience Insurance's Latent Defects Insurance (LDI).

Resilience LDI is a new insurance policy that protects off the plan apartment purchasers for 10 years post-completion of the building, accounting for any structural defects that may occur and covering the costs for buyers.

LDI is obtained by either the developer or builder before construction begins since this insurance covers the entire project lifecycle. It involves a thorough review of plans, specifications, and other documents, along with monthly inspections by independent technical inspectors, extending up to the certification of Practical Completion.

<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

DCN has taken the cover out on their new Bankstown project, The Hoskins, two buildings on Marshall Street with 44 apartments.&nbsp;

DCN Group Managing Director Nadim Saad said getting LDI was a step forward to leading the way.

"As builder-developer company since 1987, we've always stood by our product, and we know what we build is of a high standard. what having LDI does is it tells prospective buyers we are backing ourselves that our product is of high quality and that we're not going to cut and run when the project is finished."

LDI is only offered to developers and builders deemed trustworthy by the insurer, Resilience Insurance. To receive the insurance, the development must pass rigorous and regular assessments by independent technical inspectors SDSS to ensure the quality of the construction is upheld.

DCN was the second developer in Sydney to take out LDI, shortly after Urban Property Group.

"It's a great leap for the industry," Nadim says, with the insurance coming off the back of more accountability that has come in the off the plan development market from the Building Commissioner.&nbsp;

Saad says buyers are starting to become more educated on the off the plan apartment market.

While not yet in market, a prospective purchaser stopped at the site of The Hoskins, at 78-80 Marshall Street, and asked if they were iCIRT-rated and if they had LDI.

"It's not just about buying an apartment off the plan and hoping it gets built to the standard that you're promised. Now there are safeguards in place so that shouldn't happen, and buyers are now&nbsp;starting to understand what developers should have in place to protect their investment."

DCN Group has partnered up with construction consultants and SDSS to oversee the construction process.&nbsp;

<h2>What is Resilience LDI?</h2>

Resilience LDI is the first Latent Defects Insurance policy in Australia. The insurance provides off the plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in.

The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

For more information about Resilience LDI, <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

DCN Constructions Managing Director Nadim Saad said getting LDI was a "no brainer."

DCN Group to develop first Bankstown apartment development with Latent Defects Insurance

First home buyers have shown the most intent at Citinova's recently completed Greensborough apartment development, Albero.

Throughout its marketing campaign, Albero's price-pointed apartments have proven most popular with the first home buyer demographic, who now more than ever are seeking affordability.

The&nbsp;<a href="/developments/greensborough-vic-3088">Greensborough</a>&nbsp;project, north-east of <a href="/developments/melbourne-vic">Melbourne</a>, offers two-bedroom apartments ranging from $660,000 to $720,000.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240444]

Feedback from the Urban Community has been that Albero's location and floor plan designs have been the most highly-rated aspects of the development.

Biasol handled the interiors of Albero, which encapsulated a sense of home within the locality of Greensborough, with the design of the apartments guided by the surrounding landscape, rich in Australian natives and character.&nbsp;

The interiors have also been meticulously considered for ultimate liveability and practicality, tailoring each home with a deep understanding of the resident's needs.

[smartcode_project:default project_id=4722 project_image_fid=240440]

Designed with functionality in mind, the kitchens feature ample storage making hosting dinners effortless and enjoyable, while expansive balconies offer an al fresco dining experience in each home.&nbsp;

Generously sized balconies act as an extension of the homes and allow for exceptional indoor-outdoor living, along with dedicated communal spaces specific to the top two levels and an additional shared terrace for all to enjoy.

Offering a sustainable and timeless design, each residence at Albero features energy-efficient appliances, use of recycled rainwater, and expansive double-glazed windows that allow for an abundance of natural light to flood in and illuminate the interior spaces.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240438]

Residents of Albero will be within close proximity to Greensborough’s generous transport offerings, with the newly developed Greensborough Station located just a short stroll away for residents needing to commute to the CBD.

While offering the convenience of being close to local amenities, Albero is also afforded the balance of being within walking distance of several walking trails and green open spaces.&nbsp;

[smartcode_project_cta:default project_id=4722]

Residents of Albero will be within close proximity to Greensborough’s generous transport offerings, with the newly developed Greensborough Station located just a short stroll away for residents needing to commute to the CBD

First home buyers target Citinova's Albero Greensborough apartments

Developer JDH Capital has had a penchant for Circular Quay in the last few years.

In 2019 the Jean-Dominique Huynh-led group bought the Sirius building in The Rocks, the brutalist building near the Harbour Bridge that was designed by Harry Seidler and built in 1980.

Now they're approaching completion of the internal reconfiguration, they're onto their next project in the area.

Two years ago the group spent $210 million on the Sir Stamford Hotel at <a href="/new-apartments/93-97-macquarie-street-sydney">93-97 Macquarie Street</a>. Over the last two years they've been putting together plans to create a mixed-use building that will befit the location at the tip of Sydney's most historic street.

Now they've finalized the $183 million plans, submitted to the City of Sydney Council this month which will see the 1988-built hotel demolished to make way for a striking 15-level glass tower with commercial, retail, and luxury apartments.

<img alt="JDH Capital" data-entity-type="file" data-entity-uuid="8dbaef11-a737-45fa-b58f-7bbf50a74156" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-15%20at%209.19.02%20am.png?VersionId=KDKBwWEgwO5C9CxJ0vM4lYri9z_IQDRe" />

BVN was given the architectural reigns after the jury at the City of Sydney Design Excellence Competition voted unanimously for their design in early 2023.

There had been a concept development application with designs by Kann Finch approved in 2020&nbsp;

BVN said in the Architectural Design Report the proposal has been considered in response to both its pre-colonial and landscape context and within the context of the colonial and contemporary city.

"Consideration of place has included the topography, geology, hydrology, the history of its human occupation and the many contexts that affect the future of this site.

"Its prominent elevated position on a ridge line straddling two bays (Sydney Cove and Farm Cove) gives this site a unique prospect and a sense of permanence in comparison to the changing tidal flats alongside it. The proposal responds and contributes to this context with references to the sandstone escarpments - that for a long time have harboured dwelling - embedded in the aesthetic, material and sculptural qualities of the proposal."

<img alt="BVN" data-entity-type="file" data-entity-uuid="c9e12e2c-4c1f-4280-99c2-41f2772eb386" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-15%20at%2010.09.38%20am.png?VersionId=HZbq13E0MB2ArBpQVGAsBkIzA0Cj4CkU" />

Part of the development of the 1,612 sqm site,&nbsp;which sits in the Macquarie Special Character area defined in the Sydney LEP 2012, will include the restoration of the heritage-listed&nbsp;Health Department Building that dates back to 1896. That was designed by Government architect Walter Liberty Vernon.

"The proposal celebrates the Health Department building- enabling new uses and a new engagement with the city," BVN said.

"Openings and entries in the new building borrow from those in the existing building, particularly along Macquarie Street where the arched form of the Health Department Building entry is re-imagined to mark entry into the carved sandstone podium of the new residential building."

A restaurant will occupy the lowest level of the building, with a cafe to be located on the ground floor. The two levels above will home office suites.

<img alt="BVN" data-entity-type="file" data-entity-uuid="a5465b37-eb56-4635-ac7d-7b5bab759046" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-15%20at%208.55.22%20am.png?VersionId=Mwgd9ICySu9vTF6B4OIX6CF9HEm7EoEv" />

BVN has worked alongside Bates Smart on the apartment layouts and interiors. Winter gardens will extend the living spaces, positioned largely at the building corners of the apartments to maximise views.

The 69 apartments will be spread across 10 residential levels in the new structure.

Proposed are 33 three and four-bedroom apartments, 30 two-bed apartments, five one-beds and a single studio. Level 15 will home a full-floor penthouse.

A communal area will be located on level seven. An indoor resident lounge will open onto a terrace atop the&nbsp;Macquarie Street podium and offer views toward the Royal Botanic Gardens and the Opera House.

There will be a new public outdoor connection that BVN says is a "significant contribution to the city." Landscaping has been handled by Dangar Barin Smith.

Aside from the Sirius building in The Rocks, JDH Capital has also been developing Nautique, the first large-scale apartment development in Rushcutters Bay in well over a decade.

&nbsp;

&nbsp;

BVN was given the architectural reigns after the jury at the City of Sydney Design Excellence Competition voted unanimously for their design in early 2023.

First look exclusive: JDH Capital plot $183 million Sir Stamford Hotel redevelopment on Sydney's Macquarie Street

Sherpa Property Group has completed its luxury&nbsp;Mermaid Beach&nbsp;apartment development, Perspective on Albatross.

<a href="/buildings/perspective-on-albatross">Perspective on Albatross</a>, which comprises eight four-bedroom, three-bathroom apartments, is now ready for occupancy with only one ground-floor residence still available for purchase.

[smartcode_project:default project_id=111484 project_image_fid=213896]

The remaining unit features an expansive outdoor terrace upgraded with a private spa, sauna, wine bar, and two fireplaces. It also includes a double lock-up garage with additional storage space.

Designed by award-winning architects <a href="/architects/hal-architects">HAL</a> and built by <a href="/builders/5point-projects">5Point Projects</a>, Perspective on Albatross features sculptural Mediterranean minimalism and a natural colour palette to create a timeless design.

[smartcode_project:default project_id=111484 project_image_fid=230561]

<a href="/developers/sherpa-property-group">Sherpa Property Group</a>&nbsp;Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers.

“Many of these buyers are local downsizers who have been enticed by the unique location, spectacular architecture and beautiful living spaces that take full advantage of an elevated beachside location”, Leet said.

“Notching closer to 100 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living on the <a href="/developments/gold-coast-qld">Gold Coast</a>, during a time when available stock is at an all-time low.”

Perspective on Albatross is situated just 160 metres from the beach, offering a prime location in <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a>.&nbsp;

Sherpa Property Group Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers

Sherpa completes Perspective on Albatross, Mermaid Beach apartments

Moonee Ponds is one of Melbourne's most walkable neighbourhoods.

There are significant amenities in the heart of the suburb, which include transport, retail, cafes, dining,&nbsp; and the renowned Moonee Valley Racecourse just a short walk from the village.

<a href="/developers/giancorp-property-group">Giancorp Property Group</a>&nbsp;were well aware of the walkability of the area when they secured a prime site at 6-14 Young Street where they've recently completed <a href="/buildings/penny-lane-moonee-ponds-6-14-young-street-moonee-ponds">Penny Lane</a>.

The project has an unbeatable WalkScore of 99 from WalkScore.com. Everything anyone could need is on the doorstep.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268942]

A three-minute walk down Young Street is&nbsp;the closest Woolworths, next door to Moonee Ponds Central that homes an ALDI, Anytime Fitness, Subway and several other hospitality venues.

Puckle St is just 200 metres away, with more cuisine restaurants and cafes reflective of Melbourne's famed laneway culture. Just off Puckle Street is the Moonee Ponds Station, an eight-minute walk from Penny Lane.

At the heart of Moonee Ponds is the newly established Palace Cinemas complex, boasting state-of-the-art facilities that promise an immersive cinematic experience.&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268934]

Ideally located at the heart of the city’s iconic racing district, Penny Lane is located a nine-minute walk from Moonee Valley Racecourse, the home of one Australia’s most prestigious horse race, the W.S. Cox Plate. The Melbourne Cup Carnival, held at Flemington Racecourse, is also within close reach, highlighting the area's vibrant sporting culture.

Just 500 metres away from Penny Lane and the bustle of <a href="/developments/moonee-ponds-vic-3039">Moonee Ponds</a> is Queens Park – Moonee Valley’s oldest and finest park, with a lake, a pool, a cottage café, and expansive exotic gardens.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268938]

Families will also enjoy the convenience of primary and secondary schools within 900 metres from Penny Lane, starting with Ascot Vale Primary School just 400 metres from home, St Monica's Primary School, Moonee Ponds Primary School, Lowther Hall Anglican Grammar School, and St Columba's College.

Designed by <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke Architects</a>, Penny Lane comprises a total of 109 ready-to-move-in apartments, each offering generous balconies or terraces. It is also the focus on longevity, spatial planning, and environmental credentials that sets Penny Lane apart.

[smartcode_project_cta:default project_id=1676]

The project has an unbeatable WalkScore of 99 from WalkScore.com. Everything anyone could need is on the doorstep

Why Penny Lane apartments secured a 99 Walk Score in the heart of Moonee Ponds

Buyers who purchase an apartment in Mulpha’s zero carbon&nbsp;precinct, Norwest Quarter in Sydney's Hills District, may qualify for a green home loan, rewarding them with lower interest rates on their mortgage and higher loan-to-value ratios (LVR) because of the development’s high sustainability credentials.&nbsp;

Stage 1 of <a href="/new-apartments/norwest-quarter-40-solent-circuit-norwest">Norwest Quarter</a> will deliver 181 net zero-ready apartments that consume 50 per cent less electricity from the grid and are powered by 100 per cent renewable energy with an all-electric design.

Norwest Quarter’s apartments have achieved a NatHERS rating of 8.1, putting them in the top 10 per cent of NSW and well above the Hills average of 6.6.

[smartcode_project:default project_id=103264 project_image_fid=196016]

Norwest Quarter is one of Australia’s first urban masterplan developments to deliver full-cycle sustainable design principles from conception through to its construction and long-term performance.

Several lenders offer green home loans to borrowers who buy a property that has sustainable and energy-efficient credentials that satisfy the lender’s sustainability requirements.

Norwest Quarter’s ambitious sustainability measures exceed the standards set out in the new Sustainable Building State Environmental Planning Policy (SEPP), enacted in October 2023. &nbsp;

The new SEPP requires new builds to implement measures to minimise the consumption of energy and potable water, reduce greenhouse gas emissions from energy use, monitor the embodied emissions of building materials, and deliver buildings that are comfortable in summer and winter.

The policy is the next step in a push toward Net Zero emissions from buildings by 2050. The new SEPP will increase the building sustainability index (BASIX) energy efficiency standards and will include an increase in the required energy rating for new homes and apartments to a minimum of 7 Stars under the Nationwide House Energy Rating Scheme (NatHERS).

[smartcode_project:default project_id=103264 project_image_fid=196018]

<a href="/developers/mulpha">Mulpha</a> Head of Developments, Tim Spencer, said Norwest Quarter will be one of the most impressive precincts in Australia in terms of sustainable practices, initiatives, and design considerations.

“Our off the plan buyers in Norwest Quarter can be confident that we are committed to delivering quality apartment buildings that aim to exceed the new SEPPs code requirements," Spencer says.

“As well as making a real contribution to reducing their carbon footprint, buyers will benefit from reduced energy bills and potentially lower loan rates while also enjoying healthier buildings, better air quality and greater access to nature.

“An added benefit is that the value of your apartment will increase with any energy rating increase, according to Australia’s national science agency CSIRO.”

[smartcode_project:default project_id=103264 project_image_fid=204666]

Auxiliary heating and cooling, which typically accounts for around 40% of energy use in the average Australian home, is effectively reduced through architectural passive design. Norwest Quarter incorporates smart passive design initiatives including high-performance glazing and insulation, the use of light-coloured materials, and building orientation and facades that invite winter sun to penetrate whilst blocking summer sun.&nbsp;

The Norwest Quarter environment has also been designed to minimise the urban heat island effect through substantial replanting of the natural landscape. &nbsp;Other sustainable community initiatives aim to promote nature and biodiversity of local flora and fauna, including communal gardens, productive beehives for enhanced pollination, worm farms, composting and natural landscapes.

Apartment buildings in the Norwest Quarter will feature rooftop solar panels and high-performance, centralised air-conditioning. Apartments will have high-efficiency lighting and appliances, induction cooktops, and electric hot water.&nbsp;

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When complete, the Norwest Quarter masterplan will transform over 3.8 hectares of land into a vibrant village for over 2,000 residents who will live amongst 26,000 sqm of green open space. Encompassed within the landscape will be nine residential towers containing 864 apartments, and up to 6,000m2 of space provided for cafes, restaurants, neighbourhood shops and childcare facilities.&nbsp;

Norwest Quarter is located within 400 metres within walking distance of the Norwest Metro Station and the emerging Norwest town centre as well as extensive parklands, pathways and cycleways.

Mulpha’s ambitious new sustainable residential development is being supported by an $80 million green loan from the CEFC and an $80 million green loan from ANZ to cut energy costs by as much as 50 per cent, demonstrating how energy-efficient homes can contribute to our net zero emissions future.&nbsp;

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Norwest Quarter is one of Australia’s first urban masterplan developments to deliver full-cycle sustainable design principles from conception through to its construction and long-term performance

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