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?

Creating a unique and sustainable living experience is the focus of Kokomo Gold Coast, collaborating with highly renowned architectural firm DBI to bring the design to life.

<a href="/new-apartments/kokomo-gold-coast-580-nerang-broadbeach-road-carrara">Kokomo</a> offers an exclusive collection of 68 riverfront apartments in <a href="/new-apartments/carrara-qld-4211">Carrara</a>, bringing a modern take on resort-style living.

[smartcode_project:default project_id=21610 project_image_fid=187027]

Each of the six storey low-rise buildings present a limited collection of two, three-bedroom and penthouse apartments, thoughtfully designed to include balconies, butler pantries, ample storage and car parking.

Residents are afforded exclusive access to private amenities across the development with a range of community meeting places, as well as a central infinity pool, fringed by lounges and river-view pavilions.

Kokomo is underpinned by a guiding ethos of sustainability and care, undertaking a range of initiatives to connect the development to the community and planet.

A partnership with a managed network provider has been set up to deliver Kokomo’s energy needs, along will bulk-buying energy for the entire development, in turn maximising the use of on-site solar panels and reducing carbon emissions. Electric vehicle chargers will be provided throughout also.

[smartcode_project:default project_id=21610 project_image_fid=187031]

“Residents can rest assured that buying into the low energy, high amenity residences at Kokomo doubles as an investment in the wellbeing of the planet,” developer Brick Stone Developments noted in their plans.

The apartments are nestled amidst a subtropical landscape, which includes meandering walkways and Pandanus and Foxtail Palms. Preserving the established vegetation along the eastern and western boundaries during all stages of development was a focus for the property group, resulting in a private oasis that complements the surrounding environment.

[smartcode_project:default project_id=21610 project_image_fid=187044]

All homes feature material suppliers carefully selected for their premium products and ecologically responsible production processes, as well as all homes featuring appliances by Swiss manufacturer V-ZUG who are globally renowned for their quality and commitment to sustainability.

Kokomo recently completed its construction.

[smartcode_project_cta: project_id=21610]

“Residents can rest assured that buying into the low energy, high amenity residences at Kokomo doubles as an investment in the wellbeing of the planet,” noted Brick Stone in their development plans

Brick Stone puts sustainability at the forefront of Gold Coast apartment development Kokomo

South East Queensland developer Rogerscorp has launched to market its latest townhouse project, Nautica, following the successful sell-out of their Fable development in Everton Park.&nbsp;

Located in the beachfront suburb of <a href="/developments/margate-qld-4019">Margate</a>&nbsp;on the Redcliffe Peninsula, <a href="/new-townhouses/nautica-by-rogerscorp-margate-24-beaconsfield-street-margate-qld-4019">Nautica</a> is a collection of 42 three and four-bedroom villas, ranging from 183 sqm to 213 sqm.

[smartcode_project:default project_id=143823 project_image_fid=270716]

Nautica features a rich textural palette with natural timbers and stone, complemented by whites throughout.&nbsp;

The spacious open floor plans are designed to integrate living and dining spaces, extending into the kitchen well-equipped with Bosch appliances.

The homes include generous glazing throughout to maximise natural light.

[smartcode_project:default project_id=143823 project_image_fid=270717]

Residents will have access to private amenities, including an outdoor seating area with a fire pit, an outdoor shower, a wellness lawn, and a community herb and veggie garden.

Nautica is also just 320 metres from the beach and 200 metres from Margate Village.

The project is expected to be completed by 2025. Position Property is marketing Nautica.

Earlier this year <a href="/developers/rogerscorp-pty-ltd">Rogerscorp</a> sold out <a href="/buildings/fable-by-rogerscorp-31-woolworths-street-everton-park">Fable</a>, their <a href="/new-townhouses/everton-park-qld-4053">Everton Park townhouse development</a>. They recently announced their first Gold Coast townhouse development, in <a href="/developments/labrador-qld-4215">Labrador</a>, where they <a href="/news/qld/first-look-exclusive-rogerscorp-set-for-gold-coast-townhouse-development-wirra-estate">bought a 1.5-hectare site that will home 42 townhouses</a>.

[smartcode_project_cta:default project_id=143823]

Launch Alert: Rogerscorp launch latest townhouse development, Nautica in Margate

Melbourne-based developer Little Projects and joint venture partner R.Corp have received approval for their Broadbeach apartment tower, One Australia, following a revision of their original plans.&nbsp;

<a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a>, located at 118 Old Burleigh Road, will home 20 full-floor apartments across a 23-level tower.

The project, initially planned as a 30-level tower with 33 apartments, was revised after the <a href="/developments/gold-coast-qld">Gold Coast</a> City Council rejected the original proposal in early 2023.

<img alt="First look: Little Projects redesign Old Burleigh Road, Broadbeach apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-05-01%20at%2012.32.04%20pm.png?VersionId=ItXi3S7WYGZhd3YQUCUP6ZGzkz7Mf84U" />

The developers collaborated with the council and engaged <a href="/architects/plus-architecture">Plus Architecture</a> to redesign the tower, resulting in a scaled-down version that reduced the number of floors and units.

Each apartment in the new plan will feature four bedrooms, 274 sqm of internal living space, and a 20 sqm balcony. The exception is a two-level penthouse, offering 530 sqm of indoor and outdoor space, including a private rooftop terrace with a pool, firepit area, outdoor kitchen, and alfresco space.

<img alt="Plus" data-entity-type="file" data-entity-uuid="0c904138-5db0-4024-b8bf-57c052632bf1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-01%20at%2012.32.17%20pm.png?VersionId=eALpW9PPcpPigCQnfPmUmXiX8y30DCNN" />

Resident amenities will be located on the first level and will include a swimming pool with day beds, a gym with a sauna, and a work-from-home space adjacent to the entry lobby. The development will also feature three levels of basement parking with space for 29 cars.

This project marks <a href="/developers/rcorporation">R.Corp</a>’s first venture on the Gold Coast. <a href="/developers/little-projects-co">Little Projects</a>, led by Leighton Pyke, has previously developed in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, notably with the Signature project on Elizabeth Avenue.

[smartcode_project_cta:default project_id=113422]

The developers collaborated with the council and engaged Plus Architecture to redesign the tower, resulting in a scaled-down version that reduced the number of floors and units

Little Projects and R.Corp receives approval for Broadbeach apartment tower, One Australia

Design-led developer Orchard Piper’s latest mixed-use, super-premium offering in Melbourne’s most affluent enclave, Toorak Village, has solidified its status as the city’s most exclusive address - achieving the sales of both sub-penthouses for record rates.

The level four residences located at the corner of Mathoura Road and Toorak Road, Toorak, each sold for north of $11.5 million, exceeding $38,000 per square metre.

These sales mark the project as over 70 per cent sold and bring the building’s average sales price per apartment to $8 million, with an average per square metre rate exceeding $32,000 – the highest of any building ever in <a href="/new-apartments/melbourne-vic">Melbourne</a>, according to Chris Pulvirenti, Director of Savills Melbourne.&nbsp;

<a href="/developers/orchard-piper">Orchard Piper</a>&nbsp;Director Luke McKie says the recent sales, combined with the overall strong reception to the project, have been encouraging in what is a two-speed market.&nbsp;

[smartcode_project:default project_id=134093 project_image_fid=275649]

“The market has responded with confidence to this extremely rare opportunity within the Village as it goes about a period of significant renewal and transformation," McKie says.

"These sales demonstrate the deep local demand for high-quality, tasteful architectural development. It marks the reception of a new &nbsp;design standard for Melbourne – a theme we continuously aim to exceed across our portfolio.”&nbsp;

Read more:&nbsp;<a href="/news/vic/creating-luxury-apartments-in-luxury-suburbs-five-minutes-with-orchard-pipers-luke-mckie">Creating luxury apartments in luxury suburbs: Five minutes with Orchard Piper's Luke McKie</a>

With the project designed by internationally renowned <a href="/architects/kerry-hill-architects">Kerry Hill Architects</a>, the two sub-penthouses boast impressive house-like proportions - each around 330 sqm in size and with three bedrooms, three bathrooms, multiple living zones and three car spaces.&nbsp;

The sub-penthouse sales further complement the earlier sale of the project’s 400 sqm penthouse, &nbsp;which was achieved last year for $12.5 million.

[smartcode_project:default project_id=134093 project_image_fid=275654]

Orchard Piper Director, Rick Gronow, says all three residences - the penthouse and sub-penthouses &nbsp;- were sold to existing Toorak locals through the developer’s own networks. &nbsp;

“They are all downsizers—Toorak residents not wanting to leave the community they know, but wanting a step up in quality, amenity and an increase in security at a more manageable scale,” said Gronow.&nbsp;

“They also recognise the change happening in Toorak Village, as new retail, restaurants and &nbsp;occupants continue to fill the old spaces of the Village - reinvigorating it and bringing new energy.” &nbsp;

[smartcode_project:default project_id=134093 project_image_fid=275651]

Fronting 109 Mathoura Road, the residential building encompasses nine spacious apartments, each with a minimum of three bedrooms and three on-grade, side-by-side car spaces. Offering a level of privacy for residents not typically provided, each residence comes with its own private lobby, with a maximum of two properties per floor. &nbsp;

The project will also have three floors of premium offices, with a covered retail colonnade activating the street level. Four of the five full-floor and half-floor premium-grade strata office stock, ranging from 210 sqm to 930 sqm, have been sold, achieving an average sales rate exceeding $18,500 per square metre.&nbsp;

[smartcode_project:default project_id=134093 project_image_fid=275648] 
&nbsp; 
<a href="/new-apartments/toorak-village-toorak-109-mathoura-road-toorak">Toorak Village</a> marks the first of three exclusive projects in the Orchard Piper and Kerry Hill Architects alignment, which will see KHA’s designs brought to Melbourne for the first time. This includes a $400 &nbsp;million super-premium mixed-use project located at the previous, well-known Mercedes Benz Toorak site at 7–11A and 17–19 Carters Avenue, as well as a $300 million, 17-storey 5-star hotel and developer-branded residences situated at the heart of Melbourne's sporting, entertainment and arts precinct, at 448 St Kilda Road.&nbsp;

Construction for Orchard Piper’s Toorak Village project is well underway, and due for completion in the second half of 2025. Orchard Piper’s Albert Street Melbourne project is due for completion in early 2025 as well.&nbsp;

[smartcode_project_cta:default project_id=134093]

Orchard Piper Director, Rick Gronow, says the penthouse and sub-penthouses were sold to existing Toorak locals through the developer’s own networks

Orchard Piper achieves record sales rates at Toorak Village

<a href="/developers/urban-dc">Urban DC</a> has appointed <a href="/builders/cobild">Cobild Construction</a> as the builder for its&nbsp;Armadale apartment development,&nbsp;Heirloom.

<a href="/new-apartments/heirloom-armadale-1187-high-street-armadale-vic-3143">Heirloom</a>, located at 1187 High Street near the heart of&nbsp;<a href="/developments/armadale-vic-3143">Armadale</a>, will comprise 38 two, three, and four-bedroom luxury apartments, with prices starting at $1.65 million.&nbsp;

[smartcode_project:default project_id=140812 project_image_fid=274136]

Designed by the renowned architecture and interior design firm <a href="/architects/woods-bagot">Woods Bagot</a>, Heirloom draws on elements characteristic of Edwardian and Victorian-era homes, such as recessed balconies, geometric forms, and a hierarchy of arches.

The design also incorporates a robust palette of materials, including hand-made German bricks, expressed concrete, timber veneer, dark metal, and fluted glass.&nbsp;

[smartcode_project:default project_id=140812 project_image_fid=274138]

Each apartment will boast expansive living and dining areas leading out to landscaped terraces offering city views.&nbsp;

Most three and four-bedroom units will feature three-car lock-up garages, equipped with number plate recognition technology.

Demolition at the site is currently underway, with the project scheduled for completion in December 2025.

[smartcode_project_cta:default project_id=140812]

Demolition at the site is currently underway, with the project scheduled for completion in December 2025

mikah.m@urban.com.au

Urban DC appoints Cobild as builder for Heirloom, Armadale apartments

Family developer&nbsp;<a href="/developers/m3-group">M3</a>&nbsp;Group is close to completing each of its three townhouse developments in Melbourne's&nbsp;<a href="/developments/reservoir-vic-3073">Reservoir</a>.

M3 Consult, who are the developers, builders and designers of each of their developments, have 13 townhouses across three sites, all located within a couple of hundred metres of each other.

The trio of projects, named after their street names,&nbsp;48 Dundee Street, 69 Hickford Street and 158 Purinuan Road, have proven popular with first home buyers, who have been eligible for the $10,000 First Home Owner Grant (FHOG), and local families and downsizers.

[smartcode_project:default project_id=142462 project_image_fid=230651]

<a href="/buildings/158-purinuan-rd-by-m3-group-158-purinuan-road-reservoir">158 Purinuan Rd</a>&nbsp;has just sold its final townhouse. Only one remains in&nbsp;<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>.

Upon completion, 158 Purinuan Rd will be home to only four two-bedroom townhomes, located just steps from Cheddar Road and minutes from the heart of Reservoir.

48 Dundee Street offers only five two and three-bedroom townhomes, while 69 Hickford Street offers a choice of four three and four-bedroom townhomes, each with a single or double garage.

[smartcode_project:default project_id=142462 project_image_fid=230652]

Taking inspiration from traditional forms, these residences feature gable roofs, strong porches, recesses, and fenestrations that create visual interest—playing with geometry and symmetry.

“Inspired by traditional forms, our townhomes exude charming street appeal, showcasing quality workmanship, functional spaces, and a contemporary aesthetic,” architect Gianni Mancuso said.

[smartcode_project:default project_id=142460 project_image_fid=240502]

The location of the townhouses has been a real stand out. They're located a short walk from both Dr Atkinson Reserve and JC Donath Reserve, the latter a regional sports park with a skate park, exercise equipment and a kid's playground. The Bundoora Park Public Golf Course is a 10-minute drive.

The townhomes are also just an eight-minute drive to the centre of Reservoir, where the train station is located surrounded by more restaurants, cafes, bars, and a Coles supermarket.

M3 Group approach complete of Reservoir townhouse collection

The price per square metre record has been broken in Bondi Beach, where a penthouse on the dress circle Campbell Parade beachfront has fetched over $100,000 per sqm.

The penthouse atop Hall &amp; Campbell at 124-126 Campbell Parade, developed by Allen Linz's Rebel Property and Eduard Litver's Capitel Group and under construction by Trescon, sold for $23 million, representing a price per sqm of $105,000.

<img alt="Hall &amp; Campbell set new price record in Bondi Beach - interior" data-entity-type="file" data-entity-uuid="e9be3065-a032-4ddc-aa5d-7c35c9500a2a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Hall%20%26%20Campbell%20interior.jpg?VersionId=Z2RSXgcGcWPBf_ZmB7_L_0pavloyp6aV" />

The penthouse, designed by architect <a href="/interior-designers/scott-carver">Scott Carver</a>, features five bedrooms, five bathrooms, and multiple living areas and balconies with views of <a href="/new-townhouses/bondi-beach-nsw-2026">Bondi Beach</a>.&nbsp;

Located behind the historic Bates Milk Bar façade, the penthouse sits at a prominent corner along Campbell Parade, just metres from the beach.

<img alt="Hall &amp; Campbell set new price record in Bondi Beach - balcony" data-entity-type="file" data-entity-uuid="623f62dd-d76b-45ba-9c89-9fa575d26044" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Hall%20%26%20Campbell%20balcony.jpg?VersionId=0Czsdi7oTyM8YjHuPc5vH.Db1ad9Pn6D" />

The penthouse is expected to cost an additional $3 million for fit-out. The penthouse was sold to a "high-flying financier", The Australian reported.

The Hall &amp; Campbell development comprises just seven new apartments with ground-floor retail spaces on the corner of Campbell Parade and Hall Street.

Rebel has another boutique development on the beachfront strip, just six apartments above retail at 14-18 Campbell Parade.

The Hall & Campbell development includes new residences and penthouses with ground-floor retail spaces, all overlooking Bondi Beach

Hall & Campbell sets new apartment record in Bondi Beach

Developed by Urban is well on its way to delivering one of the most unique residential developments Burnley has ever seen.

Construction has well and truly kicked off at Burnley Maltings, a redevelopment of the heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

With everything going on at Burnley Maltings, we took a trip down to the display suite, located in the building's original caretaker's residence.

<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/opcEFkIcS2Q?si=_a3-kftcGptoVT05" title="YouTube video player" width="560"></iframe>

The townhouses at&nbsp;<a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</a>, on the border of <a href="/developments/richmond-vic-3121?sort=">Richmond</a>, cater for multi-generational living but are low maintenance. All but one townhouse in the development of 37 residences offering three bedrooms, while several have a separate home office space and all have large rooftop terraces.

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action. The Gibdon Street development sits in close proximity to <a href="/new-townhouses/burnley-vic-3121">Burnley</a> Station, several parks with signiificant gardens, and Burnley's 18-hole golf course, which is currently being redesigned.

<a href="/news/vic/from-garden-suburb-to-commercial-hub-burnleys-next-phase-of-transformation">Read more:&nbsp;From garden suburb to commercial hub: Burnley's next phase of transformation</a>

[smartcode_project:default project_id=14401 project_image_fid=264095]

The townhouses will sit in landscaping by prominent landscaper Jack Merlo.

Burnley Maltings is on track to be completed in late 2025.

Read more:&nbsp;<a href="/news/vic/why-downsizers-are-flocking-to-burnley-maltings">Why downsizers are flocking to Burnley Maltings</a>

[smartcode_project_cta:default project_id=14401]

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action

Inside Burnley Maltings: Urban's display suite tour of Burnley's most exciting new townhouse development

Coronation Property has reached a significant milestone with the topping out of Stage One of its Ashbury Terraces development.&nbsp;

A ceremony was held to celebrate the achievement, attended by staff, contract partners, and suppliers.&nbsp;

Guests included representatives from <a href="/architects/sjb-architects">SJB Architects</a>, M3 Property, NAB, Mance Araj, EI Australia, Mecone, Coverforce, and <a href="/project-marketer/cbre-residential-australia">CBRE</a>, alongside Coronation Property’s on-site and head office staff, MN Builders, and Studio Circle.

[smartcode_project:default project_id=112253 project_image_fid=193246]

Aras Labutis, Head of Urban Transformations at Coronation Property, spoke at the event. He highlighted the significance of the project, stating, “This milestone brings everyone at Coronation a great deal of pride. It’s proof of our commitment and dedication to being on the ground, building more homes in locations where people want to live.”&nbsp;

Labutis emphasised that <a href="/new-townhouses/ashbury-terraces-ashbury-165-171-milton-street-ashbury">Ashbury Terraces</a> honours the local area's charm and heritage while providing modern, premium housing close to Sydney’s CBD.

[smartcode_project:default project_id=112253 project_image_fid=193233]

The Ashbury Terraces development, is <a href="/developers/coronation-property">Coronation's</a>&nbsp;first venture into <a href="/new-townhouses/sydney-nsw">Sydney</a>'s inner west market.

The $200 million project encompasses a 16,500 sqm site and will provide 136 new homes, including 59 garden terraces, 74 premium apartments, and three penthouses.

Designed by a handpicked team of Australia’s leading designers from SJB and <a href="/architects/360-landscape-architects">360 Landscape Architects</a>, Ashbury Terraces features a brickwork façade, seamlessly blending the old with the new, drawing inspiration from Ashbury’s existing fabric.

[smartcode_project:default project_id=112253 project_image_fid=193245]

Each residence connects to generous outdoor entertaining areas, oversized backyards and courtyards, with rooftop terraces offering vistas of the city skyline.

Landscaped pathways connecting to W H Wagener Oval act as an extension of the already sizeable private backyards, with Ashbury Terraces also incorporating a pedestrian link between Milton Street and the oval for both residents and the broader community.

Stage One of the project has sold out, while Stage Two is over 80 per cent sold.

[smartcode_project_cta:default project_id=112253]

Stage One of the project has sold out, while Stage Two is over 80 per cent sold

Coronation Property tops out Stage One of Ashbury Terraces

St Kilda Rd's latest apartment development, 333 StK, offers not just comfortable residences but also a vibrant neighbourhood filled with local amenities and efficient transit options.

<a href="/new-apartments/333-stk-333-st-kilda-road-st-kilda">333 StK</a>&nbsp;falls into the St Kilda area of St Kilda Road, a road which runs all the way from Melbourne through to St Kilda.

Boasting a transit score of 81 and an even more impressive walk score of 97, future residents will be just a few metres from a tram stop, and just minutes away from neighbouring suburbs such as the dynamic and fancy <a href="/new-apartments/prahran-vic-3181">Prahran</a>.

[smartcode_project:default project_id=112949 project_image_fid=252261]

333 StK is in the middle of two expansive green spaces and the beach is one kilometre away, offering plenty of outdoor activities.

It's a short walk to the&nbsp;225-hectare Albert Park Lake, featuring a central lake for canoeing, kayaking, and paddleboarding, along with picnic areas, walking tracks, and designated spaces for both on and off-lead pet activities. The surroundings include numerous ovals, circuits, golf courses, and the prominent Lakeside Stadium.

Even closer, just 550 metres, is the St Kilda Botanical Gardens, showcasing seasonal displays, an ornamental pond, a children's playground, a gazebo, glasshouses, and the Port Phillip Ecocentre which teaches the community about nature and the environment.

Landmarks like Luna Park and the historic Palais Theatre add to the entertainment options, offering live entertainment and cultural experiences.

[smartcode_project:default project_id=112949 project_image_fid=252264]

Retail and dining options also abound near 333 StK. With St Kilda Pier and Esplanade just a kilometre away, residents can enjoy beachside cafes, restaurants, and a weekly market showcasing art and handmade goods.

Additionally, a variety of dining establishments along Inkerman St, including Harper's Kitchen cafe, Kake Da Dhaba, Newmarket Hotel pub, Machi, and Northern Soul Chip Shop, are all within a six-minute walk.

For everyday necessities, an ALDI supermarket is conveniently located just a four-minute walk away.

[smartcode_project:default project_id=112949 project_image_fid=254183]

Families with school-going children will find several educational institutions within walking distance, all less than 500 metres away from 333 Stk. These include St Kilda Primary School, Cheder Levi Yitzchok Inc, St Michael's Grammar School, and Yesodei HaTorah College.

Furthermore, access to healthcare facilities is readily available, with The Alfred and The Avenue Hospital just a ten-minute drive away.

The <a href="/architects/rothelowman">Rothelowman</a>-designed 333 Stk comprises 76 one, two, and three-bedroom apartments, including two limited penthouse duplexes. The crowning feature of 333 Stk is the rooftop retreat, offering panoramic views across St Kilda.

Construction, led by <a href="/builders/balmain-co">Balmain &amp; Co</a>, is on track for completion in Q4 2025. Prospective buyers can capitalise on stamp duty savings available now.

[smartcode_project_cta:default project_id=112949]

The Rothelowman-designed 333 Stk comprises 76 one, two, and three-bedroom apartments, including two limited penthouse duplexes

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