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

Joel Robinson

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Aniko Group has settled the $32.5 million purchase of the&nbsp;<a>Mermaid Beach</a> site earmarked for the company’s flagship $2 billion mixed-use development, The Landmark.

The settlement marks another milestone for the four-tower development which is set to transform the long-vacant property into a <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">vibrant new residential, commercial, dining and leisure precinct</a>.

<a href="/developers/aniko-group">Aniko</a>&nbsp;purchased the 1.13ha site, located at the corner of the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> Highway and Seaview Avenue, in 2022, with the $32.5 million deal listed among the biggest residential land transactions of the year.

“When considering the prime location, size and scale of the project proposed by Aniko Group, this is an irreplaceable asset and the development approval has added substantial value to the site,” said Mark Witheriff, the Gold Coast managing director at <a href="/project-marketer/cbre-residential-australia">CBRE</a> who negotiated the sale with Brenden Hogan of <a href="/project-marketer/colliers">Colliers</a>.

“The <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a> holding is the best large-scale site remaining in the central Gold Coast region and it’s pleasing to see that Aniko Group has recognised the unique development opportunity it presents by progressing its plans to activate the property.”

The settlement of the acquisition comes on the heels of Aniko Group making minor adjustments to the proposed four-tower development, after the company secured approval for the masterplan late last year.

Read more:&nbsp;<a href="/news/qld/aniko-seek-rightsizers-at-2-billion-mermaid-beach-apartment-mega-project-landmark">Aniko seek rightsizers at $2 billion Mermaid Beach apartment mega-project, Landmark</a>

The Landmark, poised to become an iconic southern gateway to Broadbeach, will be developed in stages by Aniko Group over the next six years. This endeavour promises to unlock fresh residential and commercial opportunities at the doorstep of Pacific Fair, renowned as one of Australia’s premium shopping destinations.

When completed, The Landmark will comprise three residential towers of 25, 30, and 40 storeys, as well as a 53-level tower featuring a mix of hotel suites and private hotel-branded residences.

Complementing the meticulously integrated collection of residential apartments and the proposed luxury hotel will be an activated commercial precinct comprising offices, medical services and ground-floor retail and dining precincts.

<img alt="'Landmark' settlement of $32.5 million Mermaid Beach site" data-entity-type="file" data-entity-uuid="aad3e460-3470-4fb7-9c53-f9d538eeb88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/JPEG_aerial_aniko_masterplan_3_3d_render_by_volumevision.jpg?VersionId=1.uLIVBpLz2pmKWHXojCQzLNEk6zvYrM" />

A sprawling 1ha recreation podium will offer residents and hotel guests unparalleled amenities, all within close proximity to the entirety of the site.

Positioned prominently at the entrance to the iconic Pacific Fair Shopping Centre, the site is supported by its easy access to the Broadbeach South light rail station and bus interchange to create an uber-connected Landmark community and support a new urban heart for Mermaid Beach.

The visionary project, driven by Aniko Group founder and managing director George Mastrocostas, is gearing up for a start to construction at the end of this year.

“We’re thrilled to announce the settlement of the site purchase as the latest milestone for The Landmark,” Mastrocostas said.

“Through an exhaustive design process since we first put our foot on this site in 2022, we are now set to deliver a new standard for affordable luxury for Mermaid Beach, a suburb that has dominated the premium residential market for decades.”

Following extensive feedback from buyers seeking affordable luxury residential living in the suburb, Aniko Group recently submitted a modified development application to the City of Gold Coast proposing enhancements to Tower 1 of The Landmark.&nbsp;

Taking a ‘rightsizing’ approach to its development strategy, Aniko Group has reconfigured the floorplate of the first tower, increasing its size from 784 sqm to 837 sqm and introducing an additional apartment per level.

“The refinements are designed to elevate the unique residential offering at The Landmark,” Mastrocostas said.

“They will allow us the opportunity to create coastal apartment living at a price point that simply doesn’t exist anywhere in the Mermaid Beach market.”

Aniko Group, which is currently undertaking construction of the $150 million <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> apartment project at <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a>, has reaffirmed its plans to start construction of the first stage of The Landmark in the final quarter of 2024.

[smartcode_project_cta:default project_id=134338]

When completed, The Landmark will comprise three residential towers of 25, 30, and 40 storeys, as well as a 53-level tower featuring a mix of hotel suites and private hotel-branded residences

Aniko settle on $32.5 million Mermaid Beach The Landmark site

Prominent Malaysian developer OSK Property, the team behind the $2.8 billion Melbourne Square, has&nbsp;announced award-winning local artist Troy Emery as the winner of its art competition to design a new sculptural landmark in the city.

OSK Property hosted the competition to select the winning artist to design a visual gateway, which will connect Melbourne Square with its neighbouring arts precinct through a large-scale and visually striking sculptural artwork.

Acknowledging the site’s significant visibility from the Westgate Freeway and surrounding southeast locale, the artwork – which will feature prominently with its 18m x 15m design – aims to support the thoughtful curation of Melbourne Square’s placemaking, punctuated by Southbank’s focus on art, design and heritage.

Global art firm UAP (Urban Art Projects) – who OSK Property engaged as public art consultants for Melbourne Square – oversaw the entire competition process.

UAP put forward a selection of eight Melbourne-based artists whose creativity was synonymous with Melbourne’s renowned arts scene and those who could contribute a visionary and bold artwork to Melbourne’s skyline.

OSK Property then shortlisted three artists whose practices were diverse from one another, ensuring the final three concept designs would be highly unique.

After working with the three artists, UAP presented the three concept designs to OSK Property who selected Troy Emery’s ‘Guardian Lion’ to be commissioned due to its vibrancy, ability to engage with the site and representation of Melbourne’s rich tapestry of public artworks.

<img alt="Melbourne Square" data-entity-type="file" data-entity-uuid="d9e1464b-ceab-41f7-80af-cc913b173963" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-11%20at%205.51.51%20pm.png?VersionId=lc7BeiUBTgyWCwS7cGokTrNO_zFCNrZU" />

To be fabricated in UAP’s workshop, ‘Guardian Lion’ will stand as a reflection of Melbourne’s dynamic, creative community.

Emery, whose work examines the discourse surrounding human interactions within the natural world and has recently appeared at the National Gallery of Victoria, was a natural fit for the project’s ‘Together, in Nature’ ethos.

His winning concept, ‘Guardian Lion’, draws inspiration from traditional Chinese architecture and Japanese symbolism, whereby lions and dogs guard the entrances to shrines and signify strength.

Similarly, ‘Guardian Lion’ is seen to guard the grounds and people within Southbank, standing as a protector welcoming people to the city, akin to Richmond’s beloved Vinegar Skipping girl who has graced the skies of Victoria Street for generations of Melburnians to enjoy.

[smartcode_project:default project_id=107714 project_image_fid=211874]

Emery drew on Victorian folklore to embed the piece with Australian context, specifically referencing a Melburnian story of the ‘Grampians big cat’ – a mythical big cat living in the Grampians Mountains of regional Victoria.

“I want Guardian Lion to make people happy, to give people a sense of companionship as they travel through the area, like a friendly neighbourhood cat that greets passers-by," Emery said.

"Guardian Lion is a surrogate pet for the neighbourhood and for the city.

“One part of the brief that I particularly resonated with was the idea that Melbourne Square is a ‘gateway to the creative precinct.’ The NGV, Arts Centre, VCA, ACCA, and Malthouse Theatre are all close neighbours, and the work’s location is a gateway to the CBD, so I set out to design a figure that will welcome people to the area.

“This is such an incredible opportunity to contribute to the cityscape of Melbourne with a large-scale public artwork, and I’m excited to have my work join a library of so many great artworks around the city."

[smartcode_project:default project_id=2929 project_image_fid=255379]

Emery said the&nbsp;intense spectrum of colour in the work not only is an antidote to the greys and browns of the cityscape, but serves to reiterate the fantastical spectrum of the natural world, where the intense colours represent the magical qualities of life on earth.

OSK Property Australia’s CEO, Chong Boon Woon, said the artwork will create a Melbourne landmark to welcome visitors to the CBD.

“We are deeply inspired by the power of public art to transform spaces and communities. Our decision to commission 'Guardian Lion' for Melbourne Square is underpinned by our desire to contribute a long-lasting and meaningful piece to the vibrant cultural tapestry of Southbank."

Guardian Lion’s laser-cut aluminium fixture with LED flex lighting demonstrates an intense spectrum of colour that will be unmissable from those entering the city from the south or passing by on the Westgate Freeway.

[smartcode_project_cta:default project_id=107714]

Global art firm UAP (Urban Art Projects) – who OSK Property engaged as public art consultants for Melbourne Square – oversaw the entire competition process

OSK Property commission LED artwork at $2.8 billion Melbourne Square precinct

Apartment giant Meriton has officially sold out its Zetland apartment development, Allegra.

Meriton Company Director, James Sialepis, expressed his pride in Allegra's sellout, highlighting Meriton's exceptional track record in the area.

"Meriton has been instrumental in transforming Green Square from its industrial roots into today's thriving town centre, buzzing with life and energy," Sialepis said.

"Our journey in Zetland has been incredibly fulfilling, and with our dedicated team's hard work, we've once again met Sydney's demand for quality housing."

<a href="/buildings/allegra-94-epsom-road-zetland">Allegra</a>, completed last year, comprises a mixture of apartments and townhouses across four buildings on Epsom Road alongside&nbsp;Gunyama Park.

The buildings range from six to 13 levels, with the lower-level apartments offering an outlook of Gunyama Park's lush greenery or the internal landscaped gardens, while the upper-level units offer views of the CBD skyline and the coastline.

[smartcode_project:default project_id=25281 project_image_fid=209639]

<a href="/architects/sjb-architects">SJB Architects</a>&nbsp;designed Allegra which comprises 260 single and dual-level apartments alongside terraced homes and rooftop penthouses.&nbsp;

Apartments feature large living areas extending to private balconies, courtyards, or alfresco terraces, kitchens equipped with BOSCH appliances, bathrooms and ensuites with free-standing baths, internal laundry facilities, and provisions for super-fast broadband and pay TV via fibre optic cabling.

[smartcode_project:default project_id=25281 project_image_fid=209637]

Its strategic&nbsp;location in <a href="/developments/zetland-nsw-2017">Zetland</a>, near the new Gunyama Park Aquatic and Recreation Centre adds to its appeal, providing residents with convenient access to a range of external amenities besides its own.

Residents at Allegra will also have access to various in-house lifestyle amenities and services, including an indoor aquatic centre with a heated pool, spa and sauna, a fully equipped gymnasium, landscaped communal gardens, BBQ pavilions and open lawns, an exclusive resident-only outdoor kids play area, a My parcel Locker system, and dedicated on-site building management.

[smartcode_project:default project_id=25281 project_image_fid=216955]

<a href="/developers/meriton" target="">Meriton</a>&nbsp;was offering its finance assistance,&nbsp;Meriton Property Finance, to Allegra buyers, including a three-year fixed interest rate at 4.75 per cent and up to 90 per cent of the purchase price without a valuation requirement.

Investors were guaranteed a tenant on settlement.

[smartcode_project_cta:default project_id=25281]

Meriton sell out Allegra Zetland

Located in the tightly-held suburb of Kooyong, apartment development Mansard by developer <a href="/developers/bon-yang-group">Bon Yang Group</a> offers a unique opportunity to become part of Melbourne's affluent residential landscape.&nbsp;

"<a href="/buildings/mansard-kooyong-709-713-toorak-road-kooyong">Mansard</a> really is such a rare opportunity to buy a brand new apartment in Kooyong,&nbsp;<a href="/project-marketer/jellis-craig-projects">Jellis Craig Projects</a>&nbsp;Director Stephen Bowtell says.

"There's less than 500 houses and apartments in the whole suburb. These opportunities don't come around often."

[smartcode_project:default project_id=136666 project_image_fid=207850]

Nestled within Kooyong's verdant landscape, Mansard is surrounded by wide tree-lined streets, parklands, and easy access to various recreational amenities including the <a href="/developments/kooyong-vic-3144">Kooyong</a> Lawn Tennis Club, known as "The Spiritual Home of Tennis in Australia," where the prestigious Kooyong Classic is held annually.

Sir Robert Menzies Reserve, just steps away, offers an off-leash oval for a kick of football or playtime with dogs, Gardiner’s Creek Trail is also a few moments away for resident cyclists, while residents are a quick stroll over to Kooyong Gardens for a leisurely weekend picnics.&nbsp;

[smartcode_project:default project_id=136666 project_image_fid=207856]

Coffee enthusiasts will find themselves in paradise, surrounded by top-notch cafes like Clubhouse and Brother’s Keeper, each offering unique flavours and atmospheres.&nbsp;

As the day transitions into night, wine bars and restaurants come alive, from Asian-inspired breakfasts at Saint Jaxie Cafe to vino at Milton Wine Shop and fresh pasta and wood-fired pizza at Matteo’s down the road.

[smartcode_project:default project_id=136666 project_image_fid=207864]

Despite its peaceful ambience, Kooyong maintains excellent connectivity to wider <a href="/new-apartments/melbourne-vic">Melbourne</a>, with efficient public transport options including trains and trams. Residents can enjoy a 15-minute commute to the CBD and easy access to esteemed educational institutions, making Kooyong a desirable location for professionals and families alike.

Families at Mansard will benefit from proximity to renowned schools like Lauriston, St Kevin's, and Camberwell Grammar.

[smartcode_project:default project_id=136666 project_image_fid=207865]

Bowtell expects the project to resonate with downsizers already within the Kooyong, <a href="/new-apartments/toorak-vic-3142">Toorak</a> belt, or those who want to enter one of Melbourne's most exclusive areas.

"There are 16 apartments divided into three separate buildings, <a href="/interior-designers/carr-interiors">Carr</a>'s thoughtful design has provided a maximum of only four apartments on each level, further adding to the project's boutique nature.”

There are a mix of two and three-bedroom apartments, starting from $1,495,000.

[smartcode_project_cta:default project_id=136666]

Families at Mansard will benefit from proximity to renowned schools like Lauriston, St Kevin's, and Camberwell Grammar.

Why families are showing interest in Kooyong's rare new apartment development, Mansard

Long-standing Gold Coast apartment developer Morris Property Group has surged past the halfway mark in sales on their Broadbeach apartment development, Crest Broadbeach.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest&nbsp;Broadbeach</a>, which marks Morris Property Group's eighth high-rise residential project in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, tapped into the demand from owner-occupiers for new apartments in the sought-after Broadbeach postcode.

In the fourth quarter of 2023, Crest saw a total of 25 sales, with an average sale price of $1,089,000 per apartment.

[smartcode_project:default project_id=112024 project_image_fid=243300]

Designed by Canberra-based architectural firm <a href="/architects/guida-moseley-brown-architects">Guida Moseley Brown</a>, Crest offers a total of 182 two and three-bedroom apartments.

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Residents will have access to extensive amenities on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, featuring a pool, gym, lounge space and a communal barbecue area.

[smartcode_project:default project_id=112024 project_image_fid=241132]

The 40-level tower is positioned on Armrick Avenue, a prime location opposite the Broadbeach Bowls Club, adding to its appeal.

Crest Broadbeach will also be conveniently situated within 800 metres of the Broadbeach CBD, less than two kilometres from the Pacific Fair Shopping Centre and the <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a> CBD.

Construction of Crest Broadbeach is already underway and is scheduled for completion in September 2025.

<a href="/developers/morris-property-group">Morris Property Group</a>&nbsp;has been developing in the Gold Coast for the best part of four decades. Their Bondi Burleigh project, expected to launch later this year, will mark the developer's 20th apartment development in the Gold Coast.

[smartcode_project_cta:default project_id=112024]

The 40-level tower is positioned on Armrick Avenue, a prime location opposite the Broadbeach Bowls Club, adding to its appeal

Crest Broadbeach races to over 50 per cent sold

New apartments in the affordable end of the market are few and far between in Brisbane, and have been for quite some time.

While apartment values continue to rise month on month, it's the luxury end of the market in the off the plan space which is dominating in both supply and sales metrics.

The good news is the Brisbane market is incredibly strong. The median value of units has risen to $587,000, and, if the trends continue, will overtake Melbourne's median unit value by the end of the year.

Both trends in the data, as well as developers and agents on the ground, suggest there's not going to be a slowdown of growth in Brisbane anytime soon.

What has made the market problematic for prospective off the plan buyers is the volume of higher-density projects, which tend to offer more affordable options than boutique riverfront buildings. They've been few and far between, given the availability of builders and construction costs. Smaller, higher-end buildings cost less to build and take a shorter amount of time, and the prices in them make the whole development more feasible financially.

Amid a limited market for the entry-level buyer, we've cast our eye over the whole of Brisbane and wrapped up the best apartment developments in Brisbane that have apartments under the $1 million mark.

<h2>Project: Ruby Ruby</h2>

<h2>Location: 12 Crombie Street, Milton QLD 4064</h2>

<h2>Developer: Kokoda Property</h2>

<h2>Price: From $799,000</h2>

Award-winning national developer <a href="/developers/kokoda-property">Kokoda Property</a>'s third <a href="/new-apartments/brisbane-qld">Brisbane</a> apartment development, <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>, in <a href="/developments/milton-qld-4064">Milton</a>, offers 145 two and three-bedroom apartments, ranging in size from 65 sqm to 155 sqm. The two-bedroom units are priced starting at $799,000.

All units boast open living areas extending to balconies, kitchens well-equipped with Miele or Bosch appliances, contemporary bathrooms, and walk-in robes in master suites.

Cottee Parker Principal (Interiors), Dee Passenger, said that the internal material palette echoes a similar design language that takes inspiration from Milton’s history.

[smartcode_project:default project_id=139032 project_image_fid=232277]

“Internally, we’ve blended organic feature joinery, flowing curves, textural transparent features and weaving forms to create a captivating, luxury living experience,” Passenger said.

Now a staple of Kokoda's, Kokoda Property Founder and Managing Director Mark Stevens said the team has also carefully considered the inclusion of extra, premium amenities.

“Ruby Ruby is packed with an incredible range of extensive amenities that offer buyers an elevated luxury apartment living experience in Brisbane,” Stevens said.

[smartcode_project:default project_id=139032 project_image_fid=232307]

The 21-level building will feature a wellness rooftop with a wet-edge swimming pool that spans the full width of the building, as well as several cabanas, day beds, a firepit area, barbecues and alfresco spaces, and a private dining and bar area. Completing the fitness component of the rooftop is a health and wellness space with a gym, infrared sauna, spa, plunge pool and yoga studio.&nbsp;

Kokoda is also catering for the working-from-home trend with several meeting rooms on the ground level, while the podium will house a private dining and lounge area, a cinema room, and a billiards room.

<h2>Project: Estilo on the Park</h2>

<h2>Location: 75-81 Kittyhawk Drive, Chermside QLD 4032</h2>

<h2>Developer: Gardner Vaughan Group</h2>

<h2>Prices: From $869,000</h2>

Veteran builder developer Gardner Vaughan Group's parkside <a href="/developments/chermside-qld-4032">Chermside</a> development,&nbsp;<a href="/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>.

The project, which has two-bedroom apartments starting at $869,000, will put residents on the fringe of 73-hectare Seventh Brigade Park and opposite one of the largest Westfield shopping centres in the southern hemisphere once completed.

[smartcode_project:default project_id=100682 project_image_fid=250594]

<a href="/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>&nbsp;is a three-tower apartment development with towers one and two, Lujosa and Belleza, all but sold out, while the <a href="/news/qld/gardner-vaughan-launch-final-release-at-chermsides-estilo-on-the-park-as-completion-nears">final stage of the project</a>, Escencia, has a limited selection of its 50 apartments remaining.

There are two, three and four-bedroom apartments on offer in Esencia, with prices starting from just over $800,000.

Apartments at Esencia will sit above four commercial tenancies.

[smartcode_project:default project_id=100682 project_image_fid=186903]

Each apartment features open-plan living spaces extending to large entertainer's balconies, kitchens fitted with integrated European appliances and stone benchtops, and large master suites with walk-in wardrobes and en suites.

Residents will also have access to a rooftop terrace with indoor and outdoor dining, in addition to several relaxation zones, a central outdoor pool, and landscaped gardens.

<h2>Project: Stonebrook</h2>

<h2>Location: 10 Flora Street, Stones Corner QLD 4120</h2>

<h2>Developer: Gardner Vaughan Group</h2>

<h2>Price: From $1,069,000</h2>

Despite prices for their apartments now at just over $1 million due to the success of selling all the one-bedroom apartments and the entry-level two-bedroom units, Gardner Vaughan's <a href="/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a> project in&nbsp;<a href="/developments/stones-corner-qld-4120">Stones Corner</a>&nbsp;still&nbsp;deserves a place on the list.

That's because the price of $1,069,000 is for their large two-bedroom apartments, with an additional multi-purpose room.

On track for completion later this year, Stonebrook, on the fringe of Hanlon Park, comprises 90&nbsp;one, two, three and four-bedroom units as well as a gym,&nbsp;heated pool, and a communal rooftop terrace overlooking park views.

[smartcode_project:default project_id=114094 project_image_fid=249477]

Stonebrook is also proud UDIA-certified EnviroDevelopment.

The development is just five kilometres from the Brisbane CBD via the Buranda Train &amp; Busways and moments from the first-class restaurants at Logan Rd.&nbsp;

<h2>Project: 443 Queen</h2>

<h2>Location: 443 Queen Street, Brisbane QLD 4000</h2>

<h2>Developer: Cbus Property</h2>

<h2>Prices: From $850,000</h2>

Developed and recently completed by Australia’s most awarded and trusted national property investors and developers <a href="/developers/cbus-property">Cbus Property</a> is Brisbane's new riverside landmark, 443 Queen.

<a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">443 Queen</a> offers 264 apartments with a mix of one, two, three and four-bedroom floor plans. Now the final opportunity to buy in the building has presented itself, with just a handful of apartments recently hitting the market.

The one-bedroom apartments start from $850,000.

[smartcode_project:default project_id=6226 project_image_fid=37090]

Designed by the internationally acclaimed architectural firms <a href="/architects/woha">WOHA</a> and <a href="/architects/architectus">Architectus</a>, the residences are afforded unprecedented views of the Brisbane River, Story Bridge, and <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>.

The emphasis on sustainable and energy-efficient design sets 443 Queen St apart as a world-class development.&nbsp;

Residents will also benefit from a full-floor recreation deck, complete with a 25-metre riverside infinity pool, a state-of-the-art gym, dining room, and cabana lounges.&nbsp;

Both trends in the data, as well as developers and agents on the ground, suggest there's not going to be a slowdown of growth in Brisbane anytime soon.

Brisbane's best off the plan apartments under $1 million selling in 2024

Brisbane's price per square metre record has been broken at the two-level penthouse atop Kangaroo Point's newest luxury apartment development, Sorano House.

The $14 million sale, to a local, represents an internal price per sqm of over $45,000, bettering the former record at&nbsp;<a href="/new-apartments/moray-house-65-moray-street-new-farm">Moray House</a>&nbsp;by&nbsp;<a href="/developers/spyre-group">Spyre Group</a>&nbsp;in <a href="/new-apartments/new-farm-qld-4005">New Farm</a>, which set the record at $35,000 per sqm late last year.

The two-level penthouse, with 311 sqm of internal living space, a 39 sqm balcony and a 333 sqm rooftop, is one of just seven apartments in the Hamilton Street development by&nbsp;<a href="/developers/trezetto-developments">Trezetto Development</a>.

<img alt="Sorana House" data-entity-type="file" data-entity-uuid="db8ce2d3-d295-443d-aed0-c6c23915d33b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-10%20at%202.04.36%20pm.png?VersionId=5LtUU6wja5zAqqHBFqkw.S8PneJY.6t7" />

Boasting 180-degree views of the Brisbane River and city skyline, the penthouse features four bedrooms, 5.5 bathrooms, multiple living areas, four-car accommodations and boasts approximately 70 metres of lineal frontage over two levels.

The penthouse’s private rooftop terrace occupies the top floor of the development and homes a private pool, spa, sauna, outdoor dining and firepit.&nbsp;

<img alt="Sorano House" data-entity-type="file" data-entity-uuid="18545e81-92bb-4745-ac4a-38f4265d64fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-10%20at%202.04.40%20pm.png?VersionId=crbTdKNK1339akHFdYwmthIr2ytcAuvi" />

Other features include a grand 5.5-metre kitchen island bench, a suite of Wolf, Sub Zero, and V-Zug appliances, and a travertine-clad lift lobby.&nbsp;

Trezetto Developments Managing Director, Sam Sgroi, said the unprecedented sale represented a “new age” of Brisbane’s luxury property market.&nbsp;

“The sale of the Sorano House Penthouse is a testament to the maturity of the prestige market in Brisbane and the value buyers are seeing in A-Grade locations which will never be repeated,"&nbsp;Sgroi says.

[smartcode_project:default project_id=6206 project_image_fid=231551]

<a href="/project-marketer/ypm-group">YPM Group</a>’s Project Sales Director, Phillip Rand - who sold the penthouse - said the purchaser had been looking to secure something unique, private and irreplaceable along the riverfront and had been searching for almost two years for the right property.&nbsp;

“The <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>&nbsp;penthouse sale sets a new benchmark for new development in Brisbane,” Rand said.

“This record internal sales rate has not been seen before in the <a href="/new-apartments/brisbane-qld">Brisbane</a> market and is the kind of value akin to some of Sydney's premier and established waterfront suburbs.&nbsp;

"This sale will pave the way as a new benchmark for Brisbane's ultra-luxury market.”&nbsp;

[smartcode_project:default project_id=6206 project_image_fid=227100]

Sorano House occupies one of the last remaining riverfront addresses in the coveted and tightly held <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a> peninsula.

The project officially went to market in October 2023 with great success, announcing four of the six whole-floor residences had sold, with an average price of $8.6 million, in the first 10 weeks of the campaign.

YPM Group Director, Bryce O’Connor said the successful sales campaign and record penthouse sale at Sorano House demonstrates that a shortage of quality product in premium locations will continue to drive Brisbane’s luxury market - and that construction security continues to be of utmost importance to purchasers.”&nbsp;

“We are excited to see Kangaroo Point progress as one of Brisbane’s most premium residential suburbs, setting record-breaking results usually reserved for projects in New Farm or <a href="/new-apartments/teneriffe-qld-4005">Teneriffe</a>," O'Connor said.

&nbsp;

Construction is well underway on site at Sorano House, with expected completion in early 2025. Sorano House is now 70% sold, with just two apartments remaining from $7.75 million.

[smartcode_project_cta:default project_id=6206]

Construction is well underway on site at Sorano House, with expected completion in early 2025

Sorano House, Kangaroo Point penthouse breaks Brisbane record

Longtime Melbourne developer&nbsp;Bensons Property has lifted the lid on their new Carlton apartment development, Drummond House, a project that promises to be one of the most technologically advanced buildings in Melbourne.

<a href="/new-apartments/drummond-house-482-492-drummond-street-carlton">Drummond House</a>, at 482-492 Drummond Street in the heart of <a href="/new-apartments/carlton-vic-3053">Carlton</a> and on the fringe of Princes Park, has been designed by&nbsp;renowned architecture firm&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a>, will&nbsp;rise 13 levels and offer a mix of two, three and four-bedroom apartments with interiors by&nbsp;Sora Interior Architects.

Each apartment is home-automated, which residents can control through the connecX Smart Building mobile app.

<img alt="Drummond House - Living Area" data-entity-type="file" data-entity-uuid="7e75bf57-bdbc-42db-90ca-fb3539a602f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Drummond%20House%20Interior.png?VersionId=FIyruWu49oqE2qSRZmyMPHGdOnRBCBi2" />

Drummond House will target an 8.7-star energy rating, aligning itself with modern sustainability standards.

The kitchen will be equipped with smart appliances such as Siemens intelligent cooking appliances and a Samsung smart fridge, while air purification systems equipped with UV lights will also be installed in all residences.<img alt="Drummond House - Open Air Cinema" data-entity-type="file" data-entity-uuid="1c2da1f2-a93b-4502-90d9-7c1b94955d5e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Drummond%20House%20Cinema.png?VersionId=EC80lxoXwR6WByYDuwtLNIwhQ6RkemrV" />

The amenities offered at Drummond House are also technology-centred, designed to make the lives of its residents well-rounded and convenient.

The amenities include a wellness centre featuring a gym, salt room, sauna, and ice bath, along with additional areas such as private dining spaces, a kids' play area, and a business centre.&nbsp;

Convenience is further elevated with amenities like a car and dog wash, a dedicated concierge service, and number plate recognition technology for seamless access.

<a href="/builders/balmain-co">Balmain &amp; Co</a> has been appointed builder for Drummond House.

<a href="/developers/bensons-property-group">Bensons</a>&nbsp;recently completed their <a href="/new-apartments/footscray-vic-3011">Footscray</a> apartment development <a href="/buildings/liberty-one-1-warde-street-footscray">Liberty One</a>. They're currently developing <a href="/new-apartments/society-armadale-83-wattletree-road-armadale-vic-3143">Society Armadale</a>, as well as <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, Chevron Island's tallest skyscraper, on the <a href="/developments/gold-coast-qld">Gold Coast</a>.

Drummond House will target an 8.7-star energy rating, aligning itself with modern sustainability standards

Launch Alert: Bensons reveal new Carlton apartment development, Drummond House

Melbourne's Southbank continues to grow as a bustling urban hub, witnessing substantial development and transformation over the last decade.

Positioned just south of <a href="/developments/melbourne-vic">Melbourne</a>'s CBD and flanked by the picturesque Yarra River, the skyline is now dominated by residential high-rises, with property developer <a href="/developers/landence">Landence</a> contributing to this urban evolution through their 24-level apartment development, <a href="/buildings/the-evermore-southbank-58-66-dorcas-street-southbank">The Evermore</a>.

Nestled in a safe, quiet, and leafy locale bordering&nbsp;<a href="/developments/south-melbourne-vic-3205">South Melbourne</a>&nbsp;and <a href="/developments/south-yarra-vic-3141">South Yarra</a>, The Evermore offers a ready-to-move-in option for prospective buyers.&nbsp;

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237906]

Its strategic location, with convenient access to major transportation networks, including train stations and tram lines, places it within minutes of Melbourne's vibrant CBD.

Delivering 366 residences in one, two and three-bedroom configurations, residents not only enjoy the numerous amenities inside the apartment but also the key attractions of the neighbourhood.

“Surrounded by gardens, beaches and river-ways, the neighbourhood is a naturally active and healthy one, with the pristine environment that Melbourne is renowned for”, developer Landence says.

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237900]

Situated less than 25 minutes from an international airport and just 900 metres away from the new ANZAC station, The Evermore is positioned within a safe and friendly walker's paradise.

Residents can immerse themselves in the city's culture and lifestyle with the Southbank Arts Precinct, Federation Square's arthouses, and the National Gallery—all within easy reach, offering regular exhibitions and events.&nbsp;

A five-minute walk leads to the 38-hectare Royal Botanic Gardens that slope to the river with trees, garden beds, lakes and lawns, offering a serene escape from urban living with options like the Tan Track and the Yarra Trail for recreational activities.

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237907]

The culinary scene surrounding The Evermore is also vibrant, with several cafe and dining options available within the first five-minutes of leaving the front door.

From cosy cafes like Human Beans and Queenie's to international cuisine at Malaysian restaurant Ayam Chef and Japanese dining at Uomasa Japanese Restaurant, residents are spoilt for choice when it comes to dining out.

Additionally, the South Melbourne Market, just a short drive away, offers a diverse array of fresh produce, meats, seafood, and cafes.

Families will appreciate the choice of quality education within close range as some of the country’s most prestigious universities, Monash, RMIT and the University of Melbourne, are minutes away.

[smartcode_project_cta:default project_id=2087]

The culinary scene surrounding The Evermore is vibrant, with several cafe and dining options available within the first five-minutes of leaving the front door.

On the doorstep of the Royal Botanic Gardens: How The Evermore fits into the Southbank neighbourhood

Builder developer PERIFA has launched one of the only new apartment developments in Kingsford in Sydney's tight Eastern Suburbs off the plan apartment market.

<a href="/buildings/botanica-kingsford">Botanica</a>, which is currently under construction by PERIFA's building arm <a href="/builders/versatile">Versatile</a>, comprises 58 studio, one, and two-bedroom apartments catering to young professionals, families, and investors looking for an affordable address <a href="/new-apartments/kingsford-nsw-2032">in an area</a> which has a vacancy rate of around one per cent.

[smartcode_project:default project_id=143113 project_image_fid=265531]

The studio starts at $580,000, while one-bed apartments are priced at $725,000 through <a href="/project-marketer/laver-residential-projects">Laver Residential Projects</a>. The average size for one-bedroom units at Botanica ranges from 40 to 45 sqm internally, with most apartments also featuring private balconies.

Designed by <a href="/architects/studio-johnston">Studio Johnson Architects</a>, Botanica features a cross-flow design that maximises natural light and ventilation. Most units also offer a northern aspect, with some offering views of the CBD.&nbsp;

[smartcode_project:default project_id=143113 project_image_fid=245908]

Residents will also have access to communal amenities such as the garden and barbeque area for leisure and social gatherings.

Botanica's walking proximity to public transport, with the added convenience of the nearby UNSW campus and Prince of Wales Hospital just five minutes away, further adds to its appeal.

Botanica Kingsford is slated for completion in June 2024.

Last year we caught up with <a href="/developers/perifa">PERIFA</a> Founder Fabrizio Perilli to talk about the Sydney off the plan apartment market.

Read more:&nbsp;<a href="/news/nsw/how-perifas-vertically-integrated-model-brings-confidence-to-off-the-plan-apartment-buyers-five-minutes-with-perifa-co-founder-fabrizio-perilli">How PERIFA's vertically integrated model brings confidence to off the plan apartment buyers: Five minutes with PERIFA Founder Fabrizio Perilli</a>

[smartcode_project_cta:default project_id=143113]

Designed by Studio Johnson Architects, Botanica features a cross-flow design that maximises natural light and ventilation

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