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?

Construction company&nbsp;<a href="/builders/cs-development-group">CS Development Group</a>&nbsp;has completed the demolition at Pavilion The Residences in Upper Mount Gravatt, the latest development by&nbsp;local developer&nbsp;<a href="/developers/oakridge-property-group">Oakridge Property Group</a>,

<a href="/new-apartments/pavilion-the-residences-upper-mount-gravatt-110-klumpp-road-upper-mount-gravatt">Pavilion The Residences</a>, situated adjacent to the Mimosa Creek nature reserve, is designed to encompass three five-level pavilion-style structures, replacing the existing two-storey residence on the site. The buildings are scheduled to commence construction in June.

[smartcode_project:default project_id=134587 project_image_fid=238079]

Once completed, Pavilion The Residences will offer a total of 144 apartments with a diverse range of configurations, including 52 one-bedroom, 72 two-bedroom, and 20 three-bedroom units.

Oakridge enlisted <a href="/architects/mas-architecture-studio">MAS Architecture Studio</a> to craft the design for the Pavilion, employing a sub-tropical aesthetic marked by profound balcony overhangs and strategic fenestration to prioritise solar aspect, orientation, and harmonious integration with the natural surroundings.&nbsp;

Nick Simmons, director of <a>MAS Architecture Studio</a> said that the process for Pavilion has been very collaborative with interior design studio Corner iD and the landscape architect "to make sure our design is holistically gelled together as one entire piece."

[smartcode_project:default project_id=134587 project_image_fid=238077]

Pavilion The Residences also includes exclusive amenities including a landscaped central courtyard which will be used as a common recreation space. That will feature barbecue facilities and a swimming pool which will sit between each tower's lobby.

The development is strategically located less than 15 minutes from <a href="/new-apartments/brisbane-qld">Brisbane</a>'s CBD, with easy access to major transport hubs like the M1 and Brisbane Metro.

The first stage to hit the market will be the Hibiscus Residences.

[smartcode_project_cta:default project_id=134587]

The first stage to hit the market will be the Hibiscus Residences

Demolition paves way for Upper Mount Gravatt's Pavilion The Residences

Builder developer Bathla has submitted $286 million plans for a new mixed-use development in Cabramatta.

The masterplan will comprise six buildings, each with a distinct architectural character, comprising a total of 673 apartments and 2,576 sqm of non-residential space.

They've commissioned HCKL Architecture to create a "vibrant and inclusive community by combining residential and mixed-use elements within the site."

<img alt="Bathla submits $286 million mixed-use development in Cabramatta" data-entity-type="file" data-entity-uuid="42d79580-0eec-43a9-bbc9-453b6ec20d13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/CABRAMATTA%20location.png?VersionId=rFVZNH0AzhW88UKqFS8ccoOoM9OND_D5" />

Each building showcases unique architectural details, using materials such as timber-look cladding, concrete finishes, and varied render colours to create visually appealing structures.&nbsp;

The development will provide extensive public areas, including a plaza and park, to enhance community engagement and connectivity.

<img alt="Bathla submits $286 million mixed-use development in Cabramatta - buildings" data-entity-type="file" data-entity-uuid="de029f76-52ec-4e3d-964c-cfa74681cd27" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/CABRAMATTA%20buildings.png?VersionId=.3pGoPpJ17ca8Amj_YnWd_G0Dp0sNU3E" />

The layout strategically places the building blocks along the site's axis, creating a thoroughfare that links a proposed public plaza on Longfield Street with a park on Chadderton Street. Basement parking access points are situated at the four corners of the site.

Public landscaped areas and secure, enclosed "urban backyards" are integrated into the building footprints, offering a blend of public and private green spaces. These areas aim to balance urban and residential elements, providing serene environments amidst the bustling urban setting.

Project Breakdown:

<ul>
	<li>Block 1, located in the southwest corner, will feature 100 residential units and non-residential spaces on the ground level, opening onto a proposed plaza.</li>
	<li>Block 2, with 171 units, will be in the site's western middle section, offering an internal backyard for residents.</li>
	<li>Block 3, in the northwest corner, will include 96 units and provide seamless access to the proposed park.</li>
	<li>Block 4, situated in the northeast corner, will house 110 units and feature a secure internal backyard.</li>
	<li>Block 5, on the eastern side opposite Block 2, will have 126 units and an internal backyard.</li>
	<li>Block 6, with 70 units, will be on Longfield Street in the southeast corner, facing Block 1 and opening onto the vibrant plaza.</li>
</ul>

The masterplan will comprise six buildings, each with a distinct architectural character, comprising a total of 673 apartments



Bathla plots $286 million mixed-use development in Cabramatta

Melbourne developers Roulston and Moda have teamed up to release a rare opportunity to buy an off the plan apartment on Malvern East's Central Park.

The project, dubbed&nbsp;<a href="/new-apartments/central-park-malvern-east-385-387-wattletree-road-malvern-east-vic-3145">Central Park</a>, has been designed by architecture firm <a href="/architects/ewert-leaf">Ewert Leaf</a> at 385-387 Wattletree Road, at the northern end of Central Park near Riserva Wine and the Burke Rd/Wattletree Rd tram stop.

Construction will commence in August 2024 on the 29 apartments that will match the landscaping of the neighbouring seven-hectare park.

<img alt="Central Park" data-entity-type="file" data-entity-uuid="7c5f2673-54cd-42d7-af72-70a871517caf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-27%20at%201.22.02%20pm.png?VersionId=ED3GdnvoZjyxYFNtGjv9MdHaymxxjo1a" />

Central Park will be built in compliance with the Nationwide House Energy Rating Scheme’s (NatHERS) new Whole of Home rating, helping to support the economy’s transition to net zero emissions by 2050. It will be home to around 1,843 plants, enforcing&nbsp;a strong commitment to sustainability as well as connecting residents directly with nature with landscaping by <a href="/landscape-architect/jack-merlo">Jack Merlo</a>.

It will feature a&nbsp;30,000-litre rainwater tank and high-quality insulation for energy efficiency, as well as EV charging&nbsp;capabilities in each car space, rooftop panels targeting sustainable energy production and lower energy bills, as well as parcel lockers with a smart lock system.

<img alt="Central Park" data-entity-type="file" data-entity-uuid="c1577427-65bd-45d7-a081-c00d4261f483" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-27%20at%201.21.54%20pm.png?VersionId=Cmzd8COc7NI4sE6DZt9WMtN.DPX8tUUA" />

<a href="/project-marketer/marshall-white-projects">Marshall White Projects</a> Director Leonard Teplin said Central Park represents a unique amalgamation of high-end luxury living against the backdrop of <a href="/new-apartments/malvern-east-vic-3145">tranquil suburbia</a>.

“Central Park is being built with sustainability for the future at the forefront of its design and this is reflected in both the extensive amenities and natural surrounds on offer to all residents,” Teplin said.

“This development is situated directly opposite the iconic Malvern East Central Park, and as a result, residents will have access to the best of both worlds – leafy surrounds and the iconic Malvern shopping precinct.

“Purchasing an apartment at Central Park will be a rare opportunity for buyers to live in a modern apartment directly opposite this landmark Malvern East location.”

[smartcode_project_cta:default project_id=134094]

Marshall White Projects Director Leonard Teplin said Central Park represents a unique amalgamation of high-end luxury living against the backdrop of tranquil suburbia

Rare new apartment development launched on Malvern East's best park

There's no slowing down in the prestige sector of the market on the Gold Coast.

FARO Broadbeach, the joint venture between&nbsp;<a href="/developers/bottega-property-group">Bottega Property Group</a> and <a href="/developers/5point-projects-pty-ltd">5Point</a>, has seen its penthouse sell for over $10 million, selling for $30,000 per sqm, a record for an off-beach apartment development.

The sale took the luxury development at 123 Old Burleigh Road to 50 per cent sold, with <a href="/news/qld/faro-broadbeach-secures-15-million-in-sales-following-christmas-launch">$15 million worth of apartments sold within the first week of marketing</a>.

[smartcode_project:default project_id=31666 project_image_fid=246696]

The $80 million <a href="/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">FARO</a>, comprising just 15 apartments just one row back from the Broadbeach sand, is a redesign and relaunch of the former 123OBR project which Bottega was marketing before COVID hit.

Designed by <a href="/architects/plus-architecture">Plus Architecture</a>, FARO will home 11 full-floor, three-bedroom apartments, three five-bedroom sub-penthouses, and a sprawling three-level penthouse spread across the top three levels of the 21-level building.

The residences at FARO are a rare collection of full-floor homes, characterised by generous, curated interiors defined by relaxed textures and opulent finishes.

[smartcode_project:default project_id=31666 project_image_fid=246689]

All FARO residents will enjoy a range of premium on-site amenities on the first-floor recreation terrace including a magnesium pool, private lounges, gymnasium, cabana, outdoor barbecue and entertaining area, sauna, lockers as well as a pet wash and surfboard wash.

FARO Broadbeach is positioned within easy reach of Broadbeach’s many open spaces, including Federation Park, Victoria Park and Kurrawa Park, and close to the Oceanway pedestrian and cycling path which spans the central Gold Coast beachfront.

<a href="/builders/5point-projects">5Point</a> will be building FARO and is expecting a late 2025 completion. Pezet Matheson is marketing FARO Broadbeach.

[smartcode_project_cta:default project_id=31666]

5Point will be building FARO and is expecting a late 2025 completion

FARO Broadbeach breaks records as sales top 50%

Diversified Sydney developer&nbsp;Tian An is bringing a rare townhouse development on the edge of the expansive Henley Park in <a href="/developments/enfield-nsw-2136">Enfield</a>.

Dubbed <a href="/new-townhouses/the-henley-enfield-6-mitchell-street-enfield">The Henley</a>, the <a href="/architects/dko-architecture">DKO</a>-designed development comprises 70 two, three, and four-bedroom townhouses.

[smartcode_project:default project_id=110387 project_image_fid=252118]

Residents at The Henley will enjoy direct access to Henley Park, a popular local spot with sports fields, outdoor exercise equipment, barbecues, picnic shelters, and playgrounds. It also houses Sydney’s first Olympic-sized swimming pool.&nbsp;

The park is currently undergoing upgrades to further enhance its amenities and environment.

[smartcode_project:default project_id=110387 project_image_fid=252112]

The Henley townhouses are designed with open-plan layouts, large picture windows, outdoor terraces and rear gardens, all designed to maximise natural light, capitalise on parkside views, and foster a seamless connection with the surrounding parkland.

The heart of each home is the kitchen, equipped with extensive storage, Smeg cookware, and fixtures from Brodware or Phoenix.&nbsp;

Buyers can choose from two colour schemes and have options for further customisation through available upgrades.

[smartcode_project:default project_id=110387 project_image_fid=252113]

Residents at The Henley will not only enjoy the wealth of local amenities but will also have access to exclusive facilities within their community, including a BBQ and outdoor dining area, a yoga and meditation garden, a communal vegetable garden, landscaped seating areas, and a dog washing station.

There is also the inclusion of the latest technologies and services designed to make The Henley more secure and future-proof. Technological features include four electric vehicle charging stations, a building manager, a residents' app, security cameras, underground security parking, and an embedded energy network with smart energy monitoring.

Strategically located at 6 Mitchell Street, The Henley also provides easy access to local shops, cafes, top Sydney schools, and multiple public transport options, facilitating convenient travel within the area and to the city.

<a href="/developers/tian-an-australia">Tian An</a>&nbsp;recently announced their Auburn apartment development,&nbsp;<a href="/buildings/auburn-square-26-36-northumberland-road-auburn">Auburn Square</a>, <a href="/news/nsw/auburn-square-apartments-90-per-cent-sold">hit 90 per cent sold</a>.

Late last year they <a href="/news/nsw/first-look-hammond-greens-chatswood-apartment-tower-revealed">launched Hammond Greens</a> in <a href="/new-apartments/chatswood-nsw-2067">Chatswood</a>, <a href="/new-apartments/hammond-greens-chatswood-5-9-gordon-avenue-chatswood">64 two, three and four-bedroom apartments</a> over the Chatswood Bowling Club.

[smartcode_project_cta:default project_id=110387]

Strategically located at 6 Mitchell Street, The Henley also provides easy access to local shops, cafes, top Sydney schools, and multiple public transport options

Tian An brings rare townhouse development to Henley Park in Enfield

Gamuda Land has commenced construction on its $90 million Fareham apartment development in St Kilda, following the appointment of family-owned construction firm Markscon.&nbsp;

<a href="/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda">Fareham</a> will deliver a 16-level sustainable building with&nbsp;73 apartments on St Kilda Road. It will also boost the local economy via the creation of 130 jobs throughout the build.&nbsp;

Designed by architects <a href="/architects/bayley-ward">BayleyWard</a>, Fareham will aim to achieve a minimum 7.5 Star NatHERS rating and will be powered by an embedded network providing 100 per cent renewable energy, including rooftop solar photovoltaic panels. Additional features include EV charging capabilities, secure bike parks and an onsite bicycle workshop to encourage residents to opt for greener travel arrangements.&nbsp;

[smartcode_project:default project_id=137950 project_image_fid=257445]

Fareham will comprise a maximum of six apartments per floor with the majority offering bay views. Residents will have access to a communal garden on level one, a well-being room on level two and a communal rooftop on level 15.&nbsp;

Gamuda Land’s global DNA of building in harmony with nature is threaded throughout the design, with Fareham featuring extensive landscaping and greenery by Loci Design Collection.&nbsp;

<a href="/developers/gamuda-land">Gamuda Land</a>&nbsp;General Manager Jarrod Tai said Markscon was appointed due to their stellar track record and capability to self-perform construction of critical elements.&nbsp;

“Markscon has helped deliver some of Melbourne’s most boundary-pushing projects, including two Nightingale projects,"&nbsp;Tai said.

"Both Markscon and Gamuda share a vision of creating meaningful and sustainable urban environments.”&nbsp;

[smartcode_project:default project_id=137950 project_image_fid=257440]

The City of Port Phillip showed its support for the project during the groundbreaking ceremony, with Cr Marcus Pearl, Cr Peter Martin and Cr Christina Sirakoff attending on behalf of the Mayor of the City of Phillip.&nbsp;

Fareham is due for completion in 2026.

[smartcode_project_cta:default project_id=137950]

Gamuda Land break ground on $90 million Fareham, St Kilda apartments

<a href="/developers/sterling-global">Sterling Global</a> received the green light for its $520 million residential and lifestyle hotel development at 623 Collins Street in <a href="/developments/melbourne-vic">Melbourne</a>'s CBD from the Victorian Department of Transport and Planning.

Strategically located at the <a href="/new-apartments/623-collins-street-melbourne">intersection of Collins and Spencer Streets</a>, the 42-level mixed-use tower has been designed by <a href="/architects/carr-design">Carr Architects</a> and will home 175 apartments above a 229-room hotel that will occupy the heritage podium levels.

There will also be 2,717 sqm of commercial space.

The hotel will also include a fine dining restaurant, enhancing the lifestyle offerings for local workers, residents, and travellers.

<img alt="623 Collins Street" data-entity-type="file" data-entity-uuid="d353d599-7e78-4b2f-9029-bd25d3558a9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Collins%20Street%20Development.jpg?VersionId=SRi4o9u6ms1gAJPtoYdxlrrQstI_LFTk" />

623 Collins Street will uniquely integrate modern architecture with historical elements, thanks to the collaboration with heritage consultants Lovell Chen.

The upper levels of the tower are set back to preserve the original facades of the 1923 State Savings Bank, which will be meticulously restored and refurbished.

Scheduled to launch on the market in early 2025, with construction commencing next year, the project is anticipated to reach practical completion by early 2028.&nbsp;

This significant undertaking is part of Sterling Global’s expansive development portfolio, now valued at over $1.6 billion, which includes a variety of commercial, retail, residential, and land assets.&nbsp;

Sterling Global's other current projects include the luxury residential <a href="/buildings/como-terraces-south-yarra-139-alexandra-avenue-south-yarra">Como Terraces</a> in <a href="/developments/south-yarra-vic-3141">South Yarra</a> and the urban infill project Talbot Village in Melbourne’s southeast.

Sterling Global’s $520 million Collins Street hotel and apartment development approved

Chevron Island is set to welcome one of its most boutique new developments to date with the launch of Sherpa's Perspective Helm.

<a href="/new-apartments/perspective-helm?referrer=Perspective%20Helm">Perspective Helm</a>, at&nbsp;107 Stanhill Drive, will comprise just 10 apartments on a north-facing riverfront site that will feature several marina berths with direct access to The Broadwater and the ocean.

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island - view" data-entity-type="file" data-entity-uuid="c0818017-a428-4ad6-bc68-095b067f16a0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-04.jpg?VersionId=is3XrwWSxYrqVoYNj1Z4ECk.k0P3tNbH" />

“We are thrilled to have been granted approval to proceed with this project that we believe will deliver a unique lifestyle that’s better than beachfront,” said Daniel Clarke, Managing Director of Sherpa Property Group.

The project has garnered considerable interest from local potential buyers, with expressions of interest already being received through a waitlist, despite the project yet to begin selling.&nbsp;

“We’ve received a great deal of local pre-launch enquiries into the project," Clarke added.

"This highlights to us that the unique product type we will be bringing to Chevron Island is striking a chord in the neighbourhood, particularly those who want to decrease their maintenance and streamline their lifestyle. We also expect there to be significant interstate and international interest as this is a world-class address."

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island" data-entity-type="file" data-entity-uuid="2653cc91-6dd3-4b99-837a-d6bb82514771" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-09.jpg?VersionId=CwBzvKRW__uDRUNTtbdQxNwKhigHp9xY" />

One of the unique features of the project state-of-the-art security system, which will be the most advanced on the Gold Coast.&nbsp;

The three-storey project is set to deliver a refined collection of 10 residences comprising, four waterfront villas, four river residences, two two-storey penthouses, all of which will feature spacious interiors, high-end finishes and with a configuration of three to four-bedroom plus multi-purpose room apartments.

<img alt="Perspective Helm harbouring a new lifestyle in Chevron Island - amenities" data-entity-type="file" data-entity-uuid="8d0ed12b-7a2d-45ba-ba69-12172421e6e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H4746STA-05.jpg?VersionId=ak0k2ehPbDjBx6ks.eX_9PLM9AZuI8aV" />

There will be a spa-like wellness centre with a cold plunge, spa, sauna, and Pilates machines.

<a href="/architects/hal-architects">HAL Architects</a>&nbsp;has designed Perspective Helm, with the interiors handled by&nbsp;<a href="/architects/mas-architecture-studio">MAS Architecture studio</a>.

With a due north aspect and views of the river, Perspective Helm also has views to <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/new-apartments/main-beach-qld-4217">Main Beach</a> and overlooks Budds Beach.&nbsp;

Perspective Helm is set to launch in the coming weeks, with construction planned to commence at the end of 2024.

[smartcode_project_cta:default project_id=143018]

The project has garnered considerable interest from local potential buyers, with expressions of interest already being received through a waitlist, despite the project yet to begin selling

Sherpa reveal Perspective Helm, luxury Chevron Island apartments

Sydney-based developer <a href="/developers/billbergia">Billbergia</a> completed its landmark mixed-tenure development, Lidcombe Rise.

<a href="/buildings/lidcombe-rise-2-36-church-street-lidcombe">Lidcombe Rise</a>&nbsp;features 220 one, two, and three-bedroom market apartments,&nbsp;63 social housing apartments and 93 affordable housing apartments, delivered in partnership with Evolve Housing and Homes NSW.

[smartcode_project:default project_id=27232 project_image_fid=160850]

Amit Julka, Director at <a href="/architects/plus-architecture">Plus Architecture</a>, emphasised the project’s foundational design principles of placemaking, community building, and “equity of amenity” across all residential types.

Lidcombe Rise consists of four buildings, which include not only residential apartments but also a childcare centre and neighbourhood retail tenancies. &nbsp;

The design also incorporates expansive gardens and numerous rooftop terraces, integrating green spaces seamlessly into the buildings.&nbsp;

The curved architectural forms further add an organic aesthetic to the exterior.

[smartcode_project:default project_id=27232 project_image_fid=185476]

Convenience is another major feature of Lidcombe Rise, situated near Lidcombe station, offering quick and easy access to <a href="/developments/sydney-nsw">Sydney</a>, Parramatta, and Sydney Olympic Park.

The development's location within a vibrant entertainment and education hub further enhances its appeal to a diverse range of residents, including first-home buyers, families, and empty nesters.

[smartcode_project_cta:default project_id=27232]

Lidcombe Rise consists of four buildings, which include not only residential apartments but also a childcare centre and neighbourhood retail tenancies

Billbergia completes landmark apartment development, Lidcombe Rise

Ombré at Robina continues to break with tradition in its apartment designs, delivering two living spaces in its one and two-bedroom floor plans to provide unmatched space and flexibility, achieving more than &nbsp;$40 million in sales in just four weeks.&nbsp;

The <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">elevated development</a>, located at 46 Scottsdale Drive, features 95 one, two and three-bedroom apartments alongside private resident amenities and integrated retail and commercial spaces.&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251415]

<a href="/developers/immerse-projects">Immerse Projects</a>&nbsp;Founder and Managing Director John Kearney said the second living space in Ombré’s one and two-bedroom apartments opened a world of opportunities for residents.&nbsp;

“Typically, one-bedroom apartments appeal to investors rather than owner-occupiers and feature little in the way of space and liveability,” Kearney said.&nbsp;

“We have designed <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombré</a> with the local market in mind and in doing so, challenged ourselves to rethink one-bedroom apartment design - the result is an additional, spacious living area, that delivers functionality and flexibility, without compromising on price.&nbsp;

“This second living space is located directly at the entrance to the apartment, drawing in extra light and a feeling of openness. Connecting to the kitchen, this extra space has a range of applications to make it truly &nbsp;purposeful, including a media room, work-from-home space, or guest bedroom.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=276626]

With one-bedroom, two living area floorplans ranging from 84 to 96sqm, and from 123 to 135sqm in the two-bedroom, two living area apartments, Kearney said the design transformed apartments into true homes.&nbsp;

“The homeliness and architectural style of Ombré has been warmly received by buyers, who are drawn to its character, considered textures and thoughtful landscaping,” Mr Kearney said.&nbsp;

“Since the project’s launch in early March, we have fielded more than 1,000 enquiries and more than &nbsp;$40 million in sales, with strong interest in these second living spaces.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251416]

Kearney said leading contract builder <a href="/builders/greyburn">Greyburn</a>, of which he is also Managing Director, had been appointed to deliver the project.&nbsp;

“Greyburn is a seasoned <a href="/new-apartments/gold-coast-qld">Gold Coast</a>-based contract builder with more than 35 years of experience,” he said.&nbsp;

“Having recently delivered <a href="/new-apartments/robina-grand-residences-8-waterfront-place-robina">Robina Grand</a>, the team knows the local market well and are able to draw on their trusted networks, expertise, and capacity to deliver.&nbsp;

“Partnering with an established and reputable builder like Greyburn allows us to ensure alignment between &nbsp;the development and construction and instil unwavering confidence in completion for our purchasers.”&nbsp;

[smartcode_project:default project_id=143341 project_image_fid=251417]

Construction of Ombré is expected to begin later this month. The project is being marketed by <a href="/project-marketer/ashwin-property-solutions">Ashwin Property</a> and the onsite Sales Display is now open.&nbsp;

Located close to major retail, education and employment centres and well connected to the Gold Coast’s beaches, Mr Kearney said Ombré would give its residents endless opportunities to live life in their own way.&nbsp;

Designed by <a href="/architects/bda-architecture">BDA Architecture</a>, Ombré features a mix of one, two and three-bedroom apartments. Private resident amenities include a residents’ lounge, function room, games room, spacious pool and landscaped outdoor spaces. One bedroom, and two living area prices, start at $749,000.&nbsp;

[smartcode_project_cta:default project_id=143341]

Immerse Projects Founder and Managing Director John Kearney said the second living space in Ombré’s one and two-bedroom apartments opened a world of opportunities for residents

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