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

Joel Robinson

The inflation result the property market was waiting for

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

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

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

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

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

Central Element seeks second Drummoyne apartment development

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

The eastern Melbourne suburb of Scoresby, on the fringe of the Dandenong Ranges, has recently welcomed a rare new townhouse development.

The boutique project at <a href="/buildings/747-749-stud-road-scoresby">747-749 Stud Road</a> comprises 12 modern townhouses designed to cater to families and professionals looking for affordable luxury in a well-connected and community-focused area.

With prices starting from $680,000, the development offers a mix of two to four-bedroom configurations.

[smartcode_project:default project_id=108727 project_image_fid=179504]

Each townhouse features a modern open-plan design with large windows to maximise natural light. Many units also include a balcony.

Durable stone benchtops add a sleekness to the kitchens well-equipped with BOSCH stainless steel appliances.

The residences come with multiple bathrooms, all featuring floor-to-ceiling tiles.

[smartcode_project:default project_id=108727 project_image_fid=179505]

The development is situated across the road from the Scoresby Recreation Reserve, home to local tennis, health, and cricket clubs.&nbsp;

The location also offers convenient access to a Woolworths supermarket, various specialty stores, and dining options such as Cinta Raya Restaurant, Cafe Dinicious, and Stanley Burgers.

Educational institutions are within a short drive, with Swinburne University of Technology and several primary and secondary schools, including <a href="/developments/scoresby-vic-3179">Scoresby</a> Primary School, Carrington Primary School, and Scoresby Secondary College, all nearby.

[smartcode_project_cta:default project_id=108727]

With prices starting from $680,000, the development offers a mix of two to four-bedroom configurations

mikah.m@urban.com.au

Scoresby welcomes rare new townhouse development

<a href="/developers/m3-group">M3 Group</a> has sold out all of the townhomes at their <a href="/buildings/158-purinuan-rd-by-m3-group-158-purinuan-road-reservoir">158 Purinuan Road</a> development.

The development, which features four two-bedroom townhomes, is nearing completion, with new owners set to move in over the next few weeks.

Each townhome includes two bedrooms, private ensuites, a courtyard, and a single garage.

158 Purinuan Rd blends traditional design elements with contemporary touches, such as feature brickwork and a curated material palette, reflecting the character of Reservoir.

The homes are also designed with sustainability in mind, featuring a minimum 6-star energy rating, rainwater collection tanks, and EV-ready garages.

The development is just steps from Cheddar Road and minutes from the heart of Reservoir, with a short walk to the train station.

158 Purinuan Rd is part of a trio of developments by M3 Group in Reservoir, including projects at <a href="/buildings/48-dundee-st-by-m3-group-48-dundee-street-reservoir">48 Dundee Street</a> and <a href="/buildings/69-hickford-st-by-m3-group-69-hickford-street-reservoir">69 Hickford Street</a>. Each development is located within a few hundred metres of one another.&nbsp;

The Hickford and Dundee St projects have one townhouse left in each. Darren Blair from Blair Property sold out 158 Purinuan, and is handling the sales of the other two projects.

M3 Group sell out Reservoir townhouse development, 158 Purinuan Road

Award-winning developer <a href="/developers/toore-developments">Toore Developments</a> has completed its Catalina apartment development in <a href="/developments/wynnum-qld-4178">Wynnum</a>, adding 28 new residences to the suburb's limited apartment supply.

Designed by <a href="/new-apartments/brisbane-qld">Brisbane</a>-based boutique studio <a href="/architects/red-door-architecture">Red Door Architecture</a>, <a href="/buildings/catalina-residences-wynnum-117-chestnut-street-wynnum-qld">Catalina</a> stands out as a landmark building that reflects the seaside elements that define Wynnum's rich history of sailing and bayside lifestyle.

[smartcode_project:default project_id=142528 project_image_fid=231651]

The interiors of Catalina feature bespoke details, natural finishes, and spacious layouts that evoke a grand, house-like feel.&nbsp;

Each residence boasts a large entertainer kitchen with a full-height pantry and stone benchtops, complemented by premium European appliances.&nbsp;

The expansive wrap-around balconies provide residents with outdoor spaces ideal for entertaining and enjoying the coastal ambience.

[smartcode_project:default project_id=142528 project_image_fid=231649]

Sustainability is a key focus of Catalina, with initiatives such as two dedicated EV charging stations, rainwater tank harvesting, and an all-electric hot water system and appliances. These features align with modern environmental standards and contribute to the development's overall eco-friendly design.

Catalina is crowned by a rooftop oasis, which includes a heated pool with views of the islands, designer sun lounges, a yoga and training lawn, BBQ facilities, outdoor dining areas, and a resort-style outdoor shower—all surrounded by mature sub-tropical landscaping by <a href="/landscape-architect/form">Form Landscape Architects</a>.

The residences at Catalina offer two-bedroom options starting at $1.1 million and three-bedroom units from $1.25 million

[smartcode_project_cta:default project_id=142528]

The residences at Catalina offer two-bedroom options starting at $1.1 million and three-bedroom units from $1.25 millio

Torre Developments complete Catalina Residences in Wynnum

Brisbane's&nbsp;<a href="/developments/nundah-qld-4012">Nundah</a> Village is set to undergo a vibrant transformation with the launch of multi-award-winning property developer Gardner Vaughan Group's (GVG) mixed-use residential and commercial development, DANBY LN.

Located at the corners of Danby Lane, Buckland Road, and Sandgate Road, DANBY LN marks GVG’s 20th residential endeavour in South East Queensland.

<a href="/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">DANBY LN</a> will feature a 12-level tower comprising 84 pet-friendly apartments, ranging from one to four bedrooms. The apartments are priced between $599,000 and $3,199,000.&nbsp;

<img alt="Gardner Vaughan Group's DANBY LN - interior" data-entity-type="file" data-entity-uuid="f7633295-8f87-40bb-950b-340bc9b05ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Danby%20Lane%20interior.jpg?VersionId=791r8A4u9xEPN1EH4yp4CUyH7oNyWCtV" />

The development will integrate premium residential units with ground-floor retail spaces, first-floor commercial areas, and recreational facilities spread across several levels.

The ground floor will house three retail tenancies, bike storage, and parcel lockers, while the first floor will feature a resident pool and gym, alongside commercial spaces.&nbsp;

Crowning DANBY LN will be a rooftop complete with BBQ facilities, a herb and vegetable garden, and outdoor dining areas.

<img alt="Gardner Vaughan Group's DANBY LN - pool" data-entity-type="file" data-entity-uuid="d83ec37d-0ead-4fc6-9993-d7afc6d21180" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Danby%20Lane%20pool.jpg?VersionId=Vt9sjrU5BnS8dvOrujEZwON5rMpahImL" />

Bicycle storage will be available in the basement, and user-paid EV charging stations will be operational upon project completion.

DANBY LN has been designed with sustainability in mind and will be solar-compatible.&nbsp; The development has achieved EnviroDevelopment status across all six elements: ecosystems, waste, energy, materials, water, and community.

<a href="/developers/gardner-vaughan-group">Gardner Vaughan</a>, an integrated builder-developer, is forecasting the completion of DANBY LN in mid-2026.

The family-run developer has an extensive portfolio of apartment developments across South East Queensland. They are approaching completion of their Chermside multi-stage development Estillo on the Park, while they have several projects on the Sunshine Coast.

[smartcode_project_cta:default project_id=112531]

Gardner Vaughan, an integrated builder-developer, is forecasting the completion of DANBY LN in mid-2026

Launch Alert: Gardner Vaughan Group launch DANBY LN as part of Nundah Village transformation

When prominent Sydney developer&nbsp;<a href="/developers/deicorp">Deicorp</a>, one of the largest apartment developers in Australia, heard of a new way of giving their customers confidence in buying off the plan, their interests were immediately piqued.

The new game-changing policy is Latent Defects Insurance, only offered in Australia by Resilience Insurance. Resilience <a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">Latent Defects Insurance</a>, or LDI, covers an off the plan property buyer for 10 years post-completion for any costs associated with structural defects in their new apartment and the building as a whole.

Read more:&nbsp;<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>

Deicorp is such a huge advocate for consumer confidence that they've taken the policy out on three of their current apartment developments, The Hyde Metropolitan on Hyde Park, Downtown in Zetland which is approaching completion, and their recently launched Cosmopolitan Parramatta project.

Deicorp Executive Manager of Corporate Communications, Robert Furolo, says they know from&nbsp;talking with their buyers that one of the biggest factors that help them make their decision is whether they trust the developer.

“With our 4-Star Gold iCIRT rating and strong track record, buyers know that Deicorp stands behind every apartment we build, and we’ll be here with them should there be any problems," Furolo says.

“Another factor that has really helped buyers feel confident when making their decision is the new 10-year insurance coverage Deicorp now provides. Importantly, the insurance is only offered to a developer after a rigorous and independent inspection of their building during construction to make sure it has been built properly. Buildings with LDI give purchasers another level of confidence when buying off-the-plan."

Deicorp is in the final stages of construction at <a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown Zetland</a>, their four-building, laneway-laden community with extensive retail and hospitality. All but sold out, the 546-apartment development will be one of the first to be completed with Resilience LDI. The policy kicks in on construction completion and lasts for 10 years. The policy passes to the next owner, should the initial purchaser sell their apartment within the first 10 years of the building being finished.

[smartcode_project:default project_id=7106 project_image_fid=239175]

Resilience Insurance CEO Corey Nugent says interest in the policy from Deicorp chairman&nbsp;Fouad Deiri was immediate.

"Despite Deicorp already having one of the best reputations in the apartment development market, Faoud wants to continue to give consumers the assurances that what they're building is both structurally sound and delivered to the standards promised when purchased off the plan.&nbsp;

"It's that sort of attitude that the industry needs and will give some much-needed confidence to prospective buyers that off the plan apartments are a solid investment option."

[smartcode_project:default project_id=7106 project_image_fid=239170]

The policy can only be taken out before construction commences on a building so Resilience and its team of experts&nbsp;are on the ground from the get-go.

Deicorp has LDI already secured for their two developments in Sydney's largest CBD's.

Their <a href="/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney">Hyde Metropolitan tower on Liverpool Street</a>, on the fringe of Hyde Park, is expected to complete construction in late 2028. The Candalepas Associates-designed building will replace the old Polding Centre on a prime 1,600 sqm site and will have 168 apartments across 55 levels.

[smartcode_project:default project_id=21809 project_image_fid=215728]

Deicorp's other project with LDI is in <a href="/developments/parramatta-nsw-2150">Parramatta</a>. The recently launched&nbsp;<a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a>&nbsp;will comprise 600 apartments across two 45-level towers designed by <a href="/architects/turner-studio">Turner Studio</a>.&nbsp;

Cosmopolitan includes a new retail village hub, extensive retail and hospitality frontages, and an open-air community space with barbecue facilities and group gathering areas.

Deicorp has even taken the policy out on Rumbalara Residences, the Gosford apartment development where they're acting as the builder for Alceon.

<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,&nbsp;<a href="/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">click here</a>.

Deicorp Executive Manager of Corporate Communications, Robert Furolo, says they know from talking with their buyers that one of the biggest factors that help them make their decision is whether they trust the developer

Why Deicorp is rolling out Resilience Latent Defects Insurance across its major Sydney apartment developments

Off the plan apartment buyers at AURA by Aqualand will soon be moving into their new luxury residence, as Aqualand start to put the finishing touches to their landmark North Sydney apartment development.

Construction is almost complete at AURA by Aqualand, with the build behind handled by Aqualand's internal construction arm.&nbsp;

While they fit out the apartments with some of the finest finishes a North Sydney apartment development has ever witnessed, the team has created a number of display apartments so prospective purchasers can touch and feel the exact apartment they'll be purchasing.

We recently took a tour of one of several completed display apartments at AURA by Aqualand, and needless to say, we weren't surprised by the quality of craftsmanship in the finished product, akin to what they produced at their display suite.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/ZT_d2gohgNY?si=kSNhBn459c_ZbHJ5" title="YouTube video player" width="560"></iframe>

[smartcode_project_cta:default project_id=30959]

Inside AURA by Aqualand: Urban's completed apartment tour of Aqualand's luxury North Sydney apartment development

Ballina hasn't seen a new development anywhere near the quality of Mana before.

Omira Property Group, a regarded boutique townhouse and villa developer in the Northern Rivers region of New South Wales, took their smarts from their award-winning Byron Bay villa development, Asana, and brought them to <a href="/new-townhouses/ballina-nsw-2478">Ballina</a>, where they've replicated the same quality and craftsmanship but on a larger scale.

They brought C2 Architecture, the architecture firm from Asana, onto the project. They've designed 14 luxury villas that sit both on the fringe of town and on the fringe of North Creek.

We recently sat down with&nbsp;<a href="/developers/omira-property-group">Omira Property Group</a>&nbsp;Director Alasdair Baker, C2 Architecture's George Chambers, and Pacifico Property sales agent Christian Sergiacomi, to discuss the project.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/qKqEfKw5bt8?si=mXZ-XX79M6E76AdF" title="YouTube video player" width="560"></iframe>

Baker says the concept embodies an iconic coastal aesthetic, while Mon Palmer at Bare Cabo design studio, has developed an interior scheme that reflects the serenity of the sandy beaches in the area.

George Chambers, Principal at C2 Architecture, says the villas have been designed to be enjoyed with occupants with nothing overlooked.

[smartcode_project:default project_id=144558 project_image_fid=264608]

"Given all the sites were located on the coastal edge, it allowed us to create and translate each villa into a wonderful, modern interpretation of the traditional beach house," Chambers says.

Each villa offers 220 sqm of living space, three bedrooms, alfresco dining and a striking kitchen living and dining area featuring a striking built-in fireplace.

One of the villas was snapped up pre-launch for $2.4 million. The buyer were well aware of the quality both Omira and C2 have created previously and didn't want to miss this rare opportunity of having one of the finest new homes in Ballina.

<a href="/new-townhouses/mana-ballina-86-90-norton-street-ballina">Mana Ballina</a> is set to complete construction in late 2025.

[smartcode_project_cta:default project_id=144558]

George Chambers, Principal at C2 Architecture, says the villas have been designed to be enjoyed with occupants with nothing overlooked

Inside Mana Ballina: Urban speaks to the key stakeholders in Ballina's best new development

Renowned Melbourne-based developer <a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has unveiled one of the most exclusive penthouse offerings ever released on the southern Gold Coast, part of the completion of its $75 million apartment development,&nbsp;<a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson Kirra</a>.

With nearly 20 metres of north-facing glass frontage and spanning over 500 sqm, the four-bedroom residence offers open-plan living and dining areas designed to take advantage of the panoramic 270-degree views over the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>,&nbsp;

The penthouse includes a butler’s pantry with living areas supplemented by a designated master wing with a fully equipped dedicated private office, additional multi-purpose room and kitchenette. Each of the four bedrooms features an ensuite.

[smartcode_project:default project_id=106646 project_image_fid=278791]

Emerson Penthouse boasts a prime location opposite Kirra Beach Hotel, offering first-class hospitality in the vibrant hub of the Southern Gold Coast.

The crown jewel of Emerson is primed for immediate occupancy, positioning the penthouse among a rare breed of new residential offerings on the Gold Coast where buyers have been seeking greater certainty in relation to project completion before committing to a purchase.

With an asking price in excess of $10 million, Emerson joins the rarefied air of being one of only a handful of such ultra-luxury offerings on the southern Gold Coast.

[smartcode_project:default project_id=106646 project_image_fid=278790]

Hirsch &amp; Faigen Sales and Marketing Director, Matt George, says Emerson presents a rare opportunity on the east coast.

&nbsp;

"In reality, there are only a handful of key prestige north-facing beaches on Australia’s eastern seaboard - <a href="/new-apartments/kirra-qld-4225">Kirra</a>, <a href="/new-apartments/noosa-qld">Noosa</a> and Byron Bay – that take advantage of such a position and Emerson is one of the most exclusive and unique opportunities in any of these locations,” George said.

“Hirsch and Faigen have taken advantage of this outlook by creating large but functional and opulent spaces from which to maximise the extraordinary view corridors that this project offers”.&nbsp;

[smartcode_project:default project_id=106646 project_image_fid=278797]

Daniel Faigen, Director of Hirsch &amp; Faigen said they have left the best for last at Emerson, following an extremely successful campaign in which the remainder of the project has sold out.

"We are proud to unveil what we believe to be one of the finest properties on the Gold Coast," Faigen said.

“The Emerson Penthouse offers a lifestyle of exclusivity that truly sets it apart as a standout offering in the market”.&nbsp;

&nbsp;

Designed by Queensland’s leading architecture firm Rothelowman, the penthouse seamlessly merges classic beachside aesthetics with modern functionality, tailored for contemporary Kirra living.&nbsp;

Featuring ceilings soaring over three-meters and expansive wall-length windows framing cinematic views of Kirra, the penthouse offers endless opportunities for residents to immerse themselves in its stunning surroundings from a secluded, elevated retreat.

[smartcode_project:default project_id=106646 project_image_fid=278796]

Rothelowman Principal Architect Jeff Brown said they have curated&nbsp;an oasis at Emerson Kirra.

“In designing the Emerson Kirra penthouse, we sought to create more than just a residence. Every element is thoughtfully designed to evoke a sense of awe and connection, inviting residents to savour each moment amidst Kirra's panoramic vistas”.&nbsp;

&nbsp;

Nestled within tropical landscaping, a north-facing outdoor sun lounge overlooks a resort-style pool offering, accompanied by world-class amenities, including the sun lounge and pool deck, designed to create a beachside connection for residents throughout the building.

[smartcode_project:default project_id=106646 project_image_fid=278794]

Upon arrival, residents are welcomed into a bespoke central foyer extending from the lobby and serving as an extension of owners' homes.&nbsp;

Featuring a private 'work-life' lounge, this space boasts quiet, private alcoves, open table workspaces, comfortable loungers, and ample seating, perfect for conducting meetings, unwinding with a novel, or socialising with friends and colleagues.

The Emerson Penthouse offers its residents parking for up to four cars, along with designated storage space, a luxury tailored for the most discerning buyers.&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=106646]

Rothelowman Principal Architect Jeff Brown said they have curated an oasis at Emerson Kirra

Hirsch & Faigen unveil $10 million penthouse atop Emerson Kirra

Fortis&nbsp;luxury Rose Bay apartment development, Atlas, is approaching a significant milestone.

Luxury builder&nbsp;<a href="/builders/lords-group">Lords Group</a>&nbsp;is set to remove the scaffolding from the boutique development of just 12 apartments at 5 Spencer Street

The scaffold removal marks a crucial phase in the project's progression as the final touches on the external facade and the installation of penthouse skylights near completion.

[smartcode_project:default project_id=108914 project_image_fid=232942]

<a href="/buildings/atlas-rose-bay-5-spencer-street-rose-bay">Atlas</a>&nbsp;represents the third residential development in <a href="/developments/rose-bay-nsw-2029">Rose Bay</a> for <a href="/developers/fortis">Fortis</a>.

The development sits on a 2,223 sqm site, which consolidates four independent properties acquired by Fortis for $28.5 million in early 2021.&nbsp;

The building, designed by <a href="/architects/mhn-design-union">MHN Design Union</a>, is home to a mix of grandly proportioned two, three, and four-bedroom apartments with interiors curated by Alexander &amp; CO.&nbsp;

[smartcode_project:default project_id=108914 project_image_fid=233853]

Each unit features expansive living, entertainment, and outdoor areas.

Atlas is located just a short walk from <a href="/developments/rose-bay-nsw-2029">Rose Bay</a> village, offering residents easy access to local amenities.

The project remains on track for a mid-2024 move-in date and has only a few apartments remaining.

[smartcode_project_cta:default project_id=108914]

Atlas represents the third residential development in Rose Bay for Fortis

Lords Group to bring scaffolding down at Fortis' Atlas in Rose Bay

The average price for new apartments sold on the Gold Coast has risen more than $500,000 in the past six months as sustained demand and dwindling supply combined with a sharp rise in interstate investor activity and construction costs continue to impact property values.

The <a href="/architects/urbis">Urbis</a> Apartment Market Essentials report for the March quarter has revealed that new apartment sales achieved a weighted average sale price of $1.73 million, the highest since Urbis began monitoring the new apartment market in 2014.&nbsp;

This is up from $1.67 million in the December quarter, and $1.13 million in September quarter.

[smartcode_project:default project_id=112024 project_image_fid=241133]

The <a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;recorded 240 new apartment sales in the three months to the end of March, on par with the 236 sales in the previous quarter, which Urbis director Paul Riga says highlights the consistency of demand.

“Price growth has been a key feature of the latest data along with a strong resurgence of investor activity,” Riga said.

“Interstate investors in the latest quarter have overtaken owner-occupiers at the rate of 38 per cent versus 29 per cent of total sales. Local investors accounted for 20% of sales and overseas buyers 13%.&nbsp;

“This is a significant shift from the trend of recent years when we saw an all-time high of 65 per cent owner-occupier sales in 2020 during the peak of the pandemic.&nbsp;

“While the owner-occupier market remains strong, the latest quarter possibly signals a return to long-term trends as prior to 2016 owner occupiers accounted for 30 per cent of sales.”

[smartcode_project:default project_id=102340 project_image_fid=273593]

Urbis data shows that 59 per cent of sales comprised two-bedroom, two-bathroom apartments, which is typically favoured by investors, while 29 per cent of sales were three-bedroom apartments.

“The low level of new supply coming to the market is keeping conditions tight, with only two new projects yielding a total of 112 apartments launched on the Gold Coast during the first quarter of 2024.”

Urbis has again reiterated that the broader Gold Coast market remains undersupplied, with just 1,396 apartments remaining for sale which is the lowest since the end of 2022.

Nearly all of the sales in the March quarter were made in the traditional Surfers Paradise-Broadbeach precinct, with the main contributors being <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A Broadbeach</a>, <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> and <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

“That’s understandable as 92 per cent of the remaining supply is located in the Gold Coast Central Precinct,” Riga added.

“All other precincts on the Coast remain in undersupply.”

[smartcode_project:default project_id=107928 project_image_fid=234098]

Of the 240 total sales recorded during the quarter, 229 were located in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, and <a href="/developments/main-beach-qld-4217">Main Beach</a>.

“The Central Precinct is heading back to its roots with current and future projects moving to higher density and multiple-tower projects post-pandemic.

“Looking ahead, the majority of apartments in future supply are also located in the precinct so the strong sales rates should continue.”

[smartcode_project:default project_id=108641 project_image_fid=192961]

The heightened buyer activity in the Gold Coast Central Precinct led to a weighted average sale price of $1.7 million during the first three months of this year which is also the highest since Urbis began monitoring the new apartment market a decade ago.

Almost all of the sales across the Gold Coast, or 91 per cent of them, during the quarter were priced at more than $1 million, while the remaining nine per cent were priced from $600,000 to $999,999.

The Gold Coast recorded 240 new apartment sales in the three months to the end of March, on par with the 236 sales in the previous quarter

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