A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada Australia doubles down in Campsie with 33-storey Metro-front tower plans

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?

One last penthouse remains available in developer <a href="/developers/mirvac">Mirvac</a>'s popular Newstead apartment development,&nbsp;<a href="/new-apartments/isle-waterfront-newstead-by-mirvac-57-skyring-terrace-newstead">Isle</a>, located within the ASX-listed developer's $1 billion Waterfront Newstead community.

Spanning an expansive 245 sqm, Pavilion 2203 boasts four bedrooms and three bathrooms, accompanied by three car parking spaces.

The apartment features an open-plan living area connected to a spacious balcony, offering residents views of the surrounding area from its position on the 20th floor.

<img alt="Isle Waterfront Newstead by Mirvac Floor Plan" data-entity-type="file" data-entity-uuid="559f1a8a-972b-42a0-8d96-9d126d21ddcf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2203%20Pavilion%20FP.jpg?VersionId=zUaas6_R4RtjQD8CNEjzlWM8R4_Qsi5g" />

The apartment features an open-plan living area connected to a spacious balcony, offering residents views of the surrounding area from its position on the 20th floor.

The kitchen is equipped with high-quality European appliances, a large island bench with stone countertops, and a butler's pantry.&nbsp;

The primary bedroom, facing northeast, includes an ensuite with a bath and is conveniently separated from the other three bedrooms located in the sleeping wing.&nbsp;

Prospective buyers have the option to select between light or dark colour schemes for their residences.

[smartcode_project:default project_id=109822 project_image_fid=204183]

Isle is the third apartment building Mirvac has underway at its $1 billion Waterfront Newstead community, joining the 25-level <a href="/new-apartments/quay-waterfront-newstead-57-skyring-terrace-newstead">Quay</a> and the build-to-rent development LIV Anura, which is being delivered in partnership with the Queensland Government.

The development comprises a total of 135 residences across 25 levels, including one, two and three-bedroom apartments, expansive three and four-bedroom pavilions and four-bedroom penthouses, which sit across half a level.

The increasing buyer demand for apartments offering a connection to nature and emphasis on wellness has influenced the design of Isle.

"We are seeing a rise in demand for premium, well-located, larger and higher specification apartments from owner-occupiers, which is what Isle will respond to - with everything from one-bedroom apartments to four-bedroom penthouses,” Mirvac's Head of Residential, Stuart Penklis said.

Michael Wiener, <a href="/architects/mirvac-design">Mirvac Design</a> Director, expressed that the design inspiration for Isle was to create a "resort in the sky."&nbsp;

[smartcode_project:default project_id=109822 project_image_fid=204180]

Upon completion, residents will have access to a range of amenities, including the rooftop Isle Resort, which features a heated infinity-edge pool, sauna, magnesium spas, wellness rooms, yoga lawn, BBQ areas, and a private dining room.

Additionally, the Isle Lounge on Level 2 will serve as a communal space for meetings and work, while a resident-only fitness centre will be fully equipped for cardio and training.

The $212 million Isle Waterfront Newstead, which will create a lush new green heart of more than 10,000 plants and additional public parkland in the riverside suburb, has commenced construction.

“With Isle under construction, we now have more than $675 million in projects underway at Waterfront Newstead – it’s a very significant investment and a clear demonstration of our confidence in this city and this precinct’s unparalleled location by the Brisbane River,” Mirvac Group General Manager, Residential Development QLD Warwick Bible said.

[smartcode_project_cta:default project_id=109822]

The $212 million Isle Waterfront Newstead, which will create a lush new green heart of more than 10,000 plants and additional public parkland in the riverside suburb, has commenced construction.

mikah.m@urban.com.au

Inside the final penthouse in Mirvac's Isle Waterfront in Newstead

Leading Australian integrated property development group, <a href="/developers/aqualand-australia">Aqualand</a>, is reaping the rewards of the strong demand for luxury apartments in <a href="/new-apartments/sydney-nsw">Sydney</a>, achieving $100 million in sales for its AURA by Aqualand project in February 2024 alone.

The sales success has broken the North Shore record for the highest sales volume and revenue achieved in one month (not including the month a project launches). It's some 263 per cent higher than AURA's last biggest non-launch sales month, in April 2023 when they sold $40 million of apartments.

With the record-breaking performance of the <a href="/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">$1 billion luxury mixed-use tower</a> continuing in earnest, remarkably, March’s figures are currently on track to surpass February’s record. Month-on-month increases are expected until April, then steady until the project’s construction completion in June, when a substantial spike in sales is again expected.&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=249157]

The record month further signifies strong buyer demand for the luxury project, which was initially demonstrated when over $100 million was transacted on its market launch day on 4 December 2021.

Aqualand’s Head of Sales and Marketing, Alex Adams, said the figure represented the biggest jump in sales activity on any project he’d experienced.

“Considering we hadn’t just launched the project or even released a new stage, this is by far the most impressive month I’ve seen in my career to date, and as far as we know it also exceeds every other project currently in market in Sydney, in terms of February’s sales volume,” he said.

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202656]

Adams believes February’s sales success can be attributed to a range of internal and external market factors.

“We’ve found potential buyers who had previously enquired, but weren’t quite ready to commit, have recently returned to the market. Those waiting to transact closer to the building’s completion have now seen its construction progress and have made the decision to buy,” Adams said.

“We also recently completed a number of stunning display apartments on levels six and ten of the building, which clearly showcase the outstanding build quality and high level of finishes.&nbsp;

“Our new year strategy to open the display apartments has definitely increased conversion.&nbsp;

“We’d always anticipated a spike in February and it’s pleasing that we outperformed our forecast. It’s even more pleasing that March is on track to outperform February."

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202991]

Aqualand has recently changed the buyer journey, moving&nbsp;AURA’s display showroom on-site which Adams says enables buyers to experience the actual building firsthand.

"Being in the completed building structure, in a brand-new showroom fit out, as opposed to overlooking it from across the street in our previous showroom, really builds confidence in the client’s mind," Adams said.

“We understand that luxury buyers, whilst they appreciate the off-the-plan offering, are less likely to transact until they can experience the quality, materials and our fanatical attention to detail firsthand. With this in mind, we’ve been encouraging as many prospective purchasers to visit the display apartments as quickly as possible, which also contributed to the jump in sales in February. This came down to properly maintaining historical enquiries over a length of time, on top of managing the newer ones."

Adams says external market factors, including the recent stability in interest rates and more talk about a cut rather than a hike, as well as a lack of competition and the continued growth in North Sydney.

“The ongoing transformation of <a href="/developments/north-sydney-nsw">North Sydney</a> is also becoming more obvious of late, with the new Victoria Cross Station so close to officially opening, and newer restaurant and retail offerings in the area. It’s clear to all that North Sydney’s evolution is on track, placing AURA in the right place at the right time,” Adam said.

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202995]

Families continue to be the lead clientele, while the stabilising interest rates, and the ability to now see the product at the new display apartments, is also attracting more investors, who are showing more interest in their searches.

“At AURA’s launch, the majority of clients were downsizers, but then families took over the buyer demographic. We’re seeing plenty of families choosing to make the decision to upscale, or as we call it, ‘right size’, into our generous three or four-bedroom apartments."

Recently, downsizers have come back, with more four-bedroom sales at around $7 million.

“With the housing market stabilising, and even increasing, they now have confidence selling their home. Also, with the interest rates steadying they can list their homes until they get the price they want. &nbsp;

“The timing couldn’t be better as this year is Aqualand’s 10th anniversary, and AURA was designed to showcase a defining project for Aqualand within our beautiful city. It’s the perfect project to celebrate the calibre of products we’ve brought to market over the last 10 years, so it’s exciting we’ll complete AURA during our 10th birthday.&nbsp;

“Having a decade in the market also instils confidence in our clients who are also encouraged to view the other high-end projects we’ve delivered. When they visit BLUE at Lavender Bay or <a href="/buildings/the-revy-pyrmont-8-darling-island-road-pyrmont">The REVY</a> in <a href="/new-apartments/pyrmont-nsw-2009">Pyrmont</a>, they can see the design and construction quality we’re now known for."

[smartcode_project_cta:default project_id=30959]

AURA by Aqualand achieves $100M in sales in February breaking second North Shore record for Aqualand 

AURA by Aqualand secures record $100 million in sales in February

Melbourne developer Pitard Group has launched its latest apartment development, Madeline, in Moorabbin.

<a href="/buildings/madeline-moorabbin-19-23-central-avenue-moorabbin">Madeline</a> comprises 44 two and three-bedroom apartments spread across a four-level <a href="/architects/via-architects">Via Architects</a>-designed building at 19-23 Central Avenue, in the heart of the <a href="/developments/moorabbin-vic-3189">Moorabbin</a> Activity Centre.

The architecture of Madeline stands out with its modernist brick façade and monochromatic palette, artfully juxtaposed with greenery and abundant natural light.

&nbsp;

[smartcode_project:default project_id=138903 project_image_fid=301967]

Inside the apartments, neutral tones complemented by walnut timber accents create a warm and inviting atmosphere.&nbsp;

The open-plan living and entertaining spaces are generous, with double glazing and noise-cancelling acoustics, extending onto expansive outdoor terraces.

The kitchens featured grey marble benchtops and integrated Ilve appliances.&nbsp;

Integrated study nooks have been incorporated into the residences to cater to the needs of residents working from home.

[smartcode_project:default project_id=138903 project_image_fid=259745]

Residents at Madeline will also have a communal space to connect with their neighbours. The ground floor will home a resident lounge equipped with a full kitchen and a dining area.

Madeline is slated for completion in January 2025.

<a href="/developers/pitard-group">Pitard Group</a>&nbsp;has been busy so far in 2024.&nbsp;Madeline is their second launch this year following <a href="/buildings/moola-court-cheltenham-1-moola-court-cheltenham">Moola Court</a> in <a href="/new-apartments/cheltenham-vic-3192">Cheltenham</a>.

Read more:&nbsp;<a href="/news/vic/pitard-launch-under-construction-moola-court-apartment-development-in-cheltenham">Pitard launch under construction Moola Court apartment development in Cheltenham</a>

[smartcode_project_cta:default project_id=138903]

Pitard Group has been busy so far in 2024. Madeline is their second launch this year following Moola Court in Cheltenham

Launch Alert: Pitard launch new Moorabbin apartment development, Madeline

Bespoke property developers Feltham Property Group are just two units away from a complete sell-out of their Taringa apartment project, Oakman Residences.

<a href="/new-townhouses/oakman-residences-27-union-street-taringa">Oakman Residences</a>, located on the border of the blue-chip suburbs of <a href="/new-townhouses/toowong-qld-4066">Toowong</a> and <a href="/developments/taringa-qld-4068">Taringa</a>, is set to welcome its residents this year. The development has garnered significant interest from local buyers in the area, who appreciate the unique qualities of this community.

Through retaining 90 per cent of the mature natives onsite, Oakman Residences connects and immerses itself with the heritage streetscape and the neighbouring parklands, delivering a boutique collection of just 24 homes.&nbsp;

Oakman Residences comprises 17 luxury, low-maintenance park-fronting three-bedroom townhomes, along with six full-floor three-bedroom sky homes. The latter are all sold out. The remaining townhouses start from $2.195 million.

[smartcode_project:default project_id=112924 project_image_fid=204785]

Designed by the Elizabeth Anderson-fronted <a href="/architects/hal-architects">Hayes Anderson Lynch</a>, in collaboration with Studio LMD in the interiors, the architecturally designed streetscapes that run through the site have been inspired by the iconic brickwork of Brisbane’s luxury retail and dining precinct, James Street. The timeless design intertwines with traditional Queenslander elements and modern interior fit-outs.

“Designed around the community, Oakman Residences has been crafted to create a sense of privacy and seclusion to each of the dwellings, while feeling protected and nestled within a community,” says Anderson.

[smartcode_project:default project_id=112924 project_image_fid=204777]

The residences are built to the highest standards with solid concrete walls and slabs and feature timber flooring and extra high ceilings in the living area, Bosch appliances in the kitchen, and New Zealand wool carpet in the bedroom. &nbsp;

Additionally, oversized balconies extend the living spaces, providing views of the parklands, while a butler's pantry complements the kitchen setup.

Homeowners can choose from two colour scheme options, both featuring a neutral palette designed to serve as the ideal blank canvas for adding their personality.

[smartcode_project:default project_id=112924 project_image_fid=204779]

The Union Street development is immersed in the suburb’s greenery, boasting resort-style landscaping as well as a curated selection of amenities taking a prime north-east position.

The crown jewel of the development is Kaieta House, an 1890s Federation Queenslander that is being fully restored as part of the development, complete with all the latest fixtures and finishes.&nbsp;

[smartcode_project:default project_id=112924 project_image_fid=204782]

The project also features a circular infinity edge pool, with submerged sun lounges and a Baja shelf, along with a floating timber deck and fire pit with a retained mature native gumtree, a sky terrace with dining and seating overlooking the park, and an outdoor resident’s kitchen with barbecue facilities and a teppanyaki station.

Nestled near Brisbane Boys College, Oakman Residences is conveniently located within walking distance of cafes, restaurants, public transport, and the Brisbane River, making it an attractive prospect for those seeking a luxurious yet connected lifestyle in Taringa.

The development is nearing completion, with construction expected to finish in the middle of this year.

[smartcode_project_cta:default project_id=112924]

Oakman Residences comprises 17 luxury, low-maintenance park-fronting three-bedroom townhomes, along with six full-floor three-bedroom sky homes

Oakman Residences in Taringa approaches sell-out 

A record-breaking sale in Queenstown has seen the two top floors of Lakeview Te Taumata’s Roto Collection sell for over $33 million.

In a major milestone since releasing the Roto Collection, the transaction sees the penthouse on level 12 alongside complementary sub-penthouse apartments on level 11, all purchased by one buyer.

<img alt="94 Feet's $33 Million Penthouse Sale - Living" data-entity-type="file" data-entity-uuid="bb15b9f6-1a1a-4a37-9f36-3a59fd72449b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GabrielSaunders_Lakeview_22_Building8B_Unit1301.jpg?VersionId=f5Y1vidAYZZi_RinFPa_MLPoaCC7y4EH" />

Exclusive agents New Zealand Sotheby’s International Realty say this unique purchase heralds a strong sign of demand generated by Lakeview Te Taumata.

“In a region where price tags for some of the most opulent luxury homes reach the $20 - $25 million mark, this sale sets a new benchmark for the apartment market in Queenstown,” says Myles Green, Projects and Development Manager.

“While buyers within this price range have traditionally gone for residences set within lifestyle acreage, there is a clear demand for the unmatched potential of amenity and location that Lakeview Te Taumata offers.”

Selling agent Dave Fea says the purchaser, who resides between North America and Queenstown, had been waiting for an opportunity like this for some time.

“Of particular appeal was the exceptional quality of architecture, the central location and world-class views the project provides, along with the vast array of amenities on hand," Fea said.

<img alt="94 Feet's $33 Million Penthouse Sale - Kitchen" data-entity-type="file" data-entity-uuid="845f6911-0d6b-400a-a40c-7c90f17321f6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GabrielSaunders_Lakeview_15_Building-8B_U1201_DiningWithView%20-%20P.jpg?VersionId=HtyYW1mqXqr0G2SBiVO3KsmxQwaJQxAd" />

By securing both the penthouse and the floor below the purchaser has obtained an incredible expansive sanctuary in the heart of Queenstown.

The pinnacle of luxury, the penthouse alone offers panoramic mountain, city and lake views, with 475 square metres of living space including a generous 37 square metre balcony. The five bedrooms and 5.5 bathrooms are complemented by a private wine cellar, gym/wellness centre and the option of a sauna.

Buyer demand has been strong for the world-class Lakeview Te Taumata development, with almost $100 million in sales in the first stage of the $2+ billion master-planned precinct set to transform the cityscape of Queenstown.

<img alt="94 Feet's $33 Million Penthouse Sale - Bathroom" data-entity-type="file" data-entity-uuid="34f5f215-ef7a-4b8f-9b3e-0d8e92885271" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GabrielSaunders_Lakeview_33_Level12_Bathroom.jpg?VersionId=WE4jXSofoNd6s1Ds.sVhZxxx1DPFMn97" />

Lakeview Te Taumata is being undertaken in a joint venture between ASX-listed Centuria Capital and <a href="/developments/melbourne-vic">Melbourne</a>-based 94 Feet, to be delivered in multiple stages over the next decade.

When completed, it will comprise an extensive range of luxurious residences, four hotels, including a premier six-star offering and a lifestyle and wellness hotel, as well as ground-floor retail, restaurants, bars, an art gallery, a public plaza and a hot-pools attraction.

Construction for the Roto Collection is set to start in late 2024.

Top two floors of Queenstown’s Lakeview Te Taumata apartments sell for $33 million

Melbourne developer 94 Feet secures $33 million Queenstown's record apartment sale

A major discussion being had across Australia's largest capitals is the conversion of office buildings to residential apartments.

The majority of those conversations are about how to redevelop currently established office buildings into apartments to cure the supply shortage in Australia. Not many are being altered at the development application stage.

Busy diversified developer <a href="/developers/aph-holding">APH Holding</a>, who has residential projects in <a href="/developments/box-hill-vic-3128">Box Hill</a>, <a href="/developments/deepdene-vic-3103">Deepdene</a> and <a href="/developments/hawthorn-vic-3122">Hawthorn</a>, as well as several hospitality and retail developments, is seeking to change up their approved&nbsp;<a href="/developments/south-melbourne-vic-3205">South Melbourne</a> mixed-use development at 61-65 Palmerston Crescent which was approved for over 2,000 sqm of office space, 200 sqm of retail, and a 250 sqm communal rooftop terrace.

Having secured the prized 620 sqm site in late 2022, one of the last undeveloped sites on Palmerston Crecent, APH is seeking to now develop a luxury apartment building with just 13 residences.

<img alt="65 Palmerston Launch - Balcony" data-entity-type="file" data-entity-uuid="07d8028e-0f81-466f-9216-95f50a4b6342" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/65%20Palmerston%20Balcony.jpg?VersionId=5gbJ9SCy_HB1yE_eq1ZeXFdCK.x9TDXx" />

Located just off Albert Park and next door to Fortis's recently completed office development, the building, dubbed&nbsp;<a href="/new-apartments/65-palmerston-61-65-palmerston-crescent-south-melbourne">65 Palmerston</a>, will have just half and full-floor units.

The lobby transitions residents from the busy street to their private homes. With large glass walls that emphasise space and offer views of the surroundings, the lobby also doubles as an art gallery showcasing local contemporary art.

<img alt="65 Palmerston Launch - Lobby" data-entity-type="file" data-entity-uuid="aafb3edf-7bcf-4b9a-a495-01f8b7920e5b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/65%20Palmerston%20Lobby.jpg?VersionId=LaNdrs8UXmqIFtK.UeCV4N2X7ojiFY9b" />

A temperature-controlled wine cellar with backlit walls of wine greets residents upon entry leading to a generous living area that opens onto north-facing balconies with panoramic city skyline views.&nbsp;

The kitchens are designed for entertaining, equipped with a range of high-end appliances discreetly integrated behind custom joinery and connected to a butler's pantry.&nbsp;

<img alt="65 Palmerston Launch - Kitchen" data-entity-type="file" data-entity-uuid="ad2850e4-c103-4040-8e0e-06a5249319ce" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/65%20Palmerston%20Kitchen.jpg?VersionId=WWWVtVoADQBgOMJCa33lr8tkuZceExrA" />

The master suite has its own external entry and features a double-size dressing room and an ensuite.

The project stands out not only for its premium design and amenities but also for its strategic location, providing residents with unparalleled access to parks, gardens, and Melbourne's world-class cultural and sports precincts.

The development's prime location in South Melbourne, bordering the Domain Precinct, ensures residents can enjoy the proximity to iconic landmarks such as the Royal Botanic Gardens, Melbourne’s Arts &amp; Cultural Precinct, and Albert Park Lake.

Construction of 65 Palmerston is expected to start soon.

[smartcode_project_cta:default project_id=2531]

Having secured the prized 620 sqm site in late 2022, one of the last undeveloped sites on Palmerston Crecent, APH is seeking to now develop a luxury apartment building with just 13 residences

Launch Alert: Office to apartment trend sees new supply come to South Melbourne

The average price for a new Gold Coast apartment has topped $1.6 million for the first time as owner-occupiers swamped the market in the December quarter to snap up dwindling supply, research by Colliers has found

The number of new apartment sales in the three months to the end of December may be the second lowest of any quarter in the past three years, but the average price is 14.5 per cent higher than the previous record of $1.44 million in the September quarter of 2022 and 45 per cent up quarter on quarter from the $1.134 million average at the end of September last year.

<a href="/project-marketer/colliers">Colliers</a>’ latest <a href="/developments/gold-coast-qld">Gold Coast</a> Residential Market Report has revealed that just 236 new apartments were sold in the December quarter, just ahead of 211 sales in the June quarter and just over half the 470 sales recorded in the September quarter.

[smartcode_project:default project_id=113271 project_image_fid=247280]

Total sales of 1,205 new apartments for 2023 were down 13 per cent on the 1,389 sales recorded in 2022, and less than half the 2,492 apartments sold in 2021 at the peak of the national construction boom.

“The latest sales numbers reflect the ongoing challenges of meeting demand for new apartments on the Gold Coast,” said David Higgins, the Gold Coast Director Residential at Colliers. &nbsp;

“We are really seeing residential projects struggling now out of the ground, due to the massive increase in construction costs, making many projects just not feasible in current cycle.

“Sales volumes are lower while average prices have spiked higher as supply and variety of stock remains constrained. It’s causing a massive fluctuation of pricing in the market.

“The pricing is also reflected in a resurgence of owner-occupiers who accounted for 55 per cent of the sales over the quarter.”

[smartcode_project:default project_id=107928 project_image_fid=234153]

Broadbeach and Surfers Paradise dominated the market in both sales and supply over the 2023 calendar year, with the Gold Coast’s prime central suburbs accounting for about 70 per cent of total sales.&nbsp;

The Gold Coast Central precinct, which includes Southport-Labrador and stretches south to Burleigh Heads, remained the hotspot for development activity during the quarter with 20 of the 30 apartment projects available for sale located there.&nbsp;

There are just 1,489 apartments in total remaining for sale from these projects, out of a total of 4,471 that have been put to the market. &nbsp;&nbsp;

While Colliers forecasts that about 2,850 apartments will be completed on the Gold Coast in calendar 2024, this won’t do anything to ease supply constraints.&nbsp;

“The bulk of these apartments have already been presold over the past few years, so this will not help deliver additional supply,” Higgins added.

Colliers research also shows that low vacancy rates across the Gold Coast have helped drive median weekly apartment rental rates by 10 per cent over the year from $682 to $750 a week.

“Increasing rental yields reflect the substantial growth of the investment market across the Gold Coast new apartment market.&nbsp;

“The apartment market continues to be supported by local and interstate investors who are taking advantage of the strong yields.”

Broadbeach and Surfers Paradise dominated the market in both sales and supply over the 2023 calendar year, with the Gold Coast’s prime central suburbs accounting for about 70 per cent of total sales

Gold Coast apartment prices hit record highs

Caulfield North is set for its first new apartment launch in 2024 with the upcoming launch of Reverie Caulfield North, on the fringe of Caulfield Park.

The 34 two and three-bedrooms at Reverie, a seven-level, architecturally striking building by <a href="/architects/bg-architecture">BG Architecture</a>, start from $895,000 and top out at $4,635,000.

The project draws inspiration from its lush surroundings, aiming to create a building that blends with the greenery and character of Caulfield Park.

The architectural design of Reverie is characterised by soft arches and organic curves, divided into three levels: The Penthouse Level, The Sanctuary Levels, and The Podium.

[smartcode_project:default project_id=144513 project_image_fid=269496]

&nbsp;

The Penthouse Level offers a blend of organic architecture and panoramic views of the bay and city, while the Sanctuary Levels are home to two and three-bedroom units with spacious balconies overlooking Caulfield Park and the city skyline.&nbsp;

The Podium encompasses the first two levels, showcasing expansive balconies framing vibrant streetscapes and park views.

&nbsp;

The design approach, combined with a thoughtful selection of textures and materials, brings elements of the natural world indoors while optimising natural light, airflow, and panoramic views of the city, bay, and Caulfield Park.

“This is a journey punctuated with great design and nature, all the way from the street to inside the building, eventually to your residence.”

Reverie's interiors, designed by Hecker Guthrie, reflect timeless minimalism and enduring quality, enhanced by large, open floor plans and balconies.&nbsp;

The apartments boast spacious living and dining areas, well-appointed kitchens with natural stone benchtops and premium Miele appliances, and the flexibility for residents to choose between dark and light colour schemes.

Reverie is targeting a 7-Star Energy Rating, and is expected to be completed by February 2026.

[smartcode_project_cta:default project_id=144513]

Reverie's interiors, designed by Hecker Guthrie, reflect timeless minimalism and enduring quality, enhanced by large, open floor plans and balconies

Launch Alert: Reverie Caulfield North apartments set to launch

Gold Coast developer Aniko Group is refining the masterplan for its flagship $2 billion mixed-use development, The Landmark at Mermaid Beach.

Following council approvals secured late last year, Aniko is responding to the escalating demand for affordable luxury living in the city's <a href="/developments/mermaid-beach-qld-4218">coveted beachside suburb</a> by trying to target the rightsizing demographic.

Rightsizing represents a shift towards higher-end yet compact living spaces without compromising on quality. Unlike traditional downsizing, buyers in this market segment are not necessarily motivated by financial reasons but seek the same prestige and amenities associated with larger properties.&nbsp;

<a href="/developers/aniko-group">Aniko</a>, founded and led by George Mastrocostas, has submitted a modified development application to the City of <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, proposing enhancements to Tower 1 of <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>.&nbsp;

This proposal includes a reconfiguration of existing apartments along with the addition of five new floors, taking the tower from 30 levels to 35.

"The refinements allow us to introduce coastal apartment living at a price point that our buyers are seeking, one that simply doesn’t exist in the current market,” Mastrocostas said.&nbsp;

“The changes will allow us to bring to the market a more diverse range of apartments, strategically catering to rightsizers, thus enhancing our competitive edge."

Situated on a 1.13-hectare site at the corner of the Gold Coast Highway and Seaview Avenue, The Landmark will feature residential apartments, offices, medical services, a luxury hotel, and a ground-floor retail and dining precinct.

The masterplanned project has approvals for three residential towers of 25, 30, and 40 storeys, along with a 53-level tower featuring a mix of hotel suites and private hotel-branded residences, to be delivered over the next six years.

A sprawling one-hectare recreation podium will offer residents, commercial tenants, and hotel guests significant amenity, all within close proximity to the entirety of the site.

The amended development application seeks to increase the height of Tower 1 from 30 to 35 storeys, accommodating 240 apartments, up from the 170 currently approved, bringing the entire masterplan to a total of 891 apartments.&nbsp;

With construction of the first stage of The Landmark earmarked to commence by year-end, Aniko has reconfigured the floorplate of Tower 1 to introduce an additional apartment per level.

Responding to market feedback, the vast majority of the first tower’s two-bedroom apartments will now include a study nook. Aniko is also expanding its range of three-bedroom apartments as part of a broader strategy to provide additional choice for buyers.

"The new floorplans provide greater flexibility to create the style of apartments for which we are experiencing sustained demand," Mastrocostas added.&nbsp;

"Our plans are in response to the industry’s increasing focus on high-end apartments at the expense of more affordable alternatives that resonate with rightsizers.&nbsp;

“While we also plan to introduce a collection of stylish, three-bedroom-plus residences, we also want to cater to a segment of the market that has been overlooked by developers in the Gold Coast’s prime beachside suburbs in recent years."

Aniko has engaged award-winning firm <a href="/architects/plus-architecture">Plus Architecture</a> to deliver the master-planned development.

“In an increasingly discerning market, we have created a design that embodies the coastal lifestyle,” Plus Architecture Director Danny Juric said.

“Integrated vertical communities will be supported through a range of high quality and accessible amenities, with parks, laneways and plazas creating opportunities for people to socialise, get active or relax, and immerse themselves in retail therapy.”

[smartcode_project_cta:default project_id=134338]

Situated on a 1.13-hectare site at the corner of the Gold Coast Highway and Seaview Avenue, The Landmark will feature residential apartments, offices, medical services, a luxury hotel, and a ground-floor retail and dining precinct.

Aniko seek rightsizers at $2 billion Mermaid Beach apartment mega-project, Landmark

New research has revealed the Gold Coast’s Runaway Bay catchment, capturing Runaway Bay, Arundel, Biggera Waters, Coombabah, Helensvale, Hollywell, Hope Island, Labrador and &nbsp;Paradise Point, continues to be one of the most undersupplied markets on the Gold Coast. &nbsp;

A new report prepared by Urbis shows new apartment sales in the catchment totalled 40 in 2023, a record low compared to the 524 sales recorded in 2021.&nbsp;

The data comes as one of the northern <a href="/developments/gold-coast-qld">Gold Coast</a>’s most prolific developers, <a href="/developers/lewis-land-group">Lewis Land</a>, advances plans to release the first home collections within its Harbour Shores masterplanned community in the coming months, supercharging the housing supply.&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=247080]

Lewis Land Chief Executive Office Brett Draffen said <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> would deliver more than 2,000 &nbsp;dwellings to the <a href="/developments/runaway-bay-qld-4216">Runaway Bay</a> catchment over the next decade, drawing on a 65-year history of creating exceptional communities. &nbsp;

“The first residential releases at Harbour Shores will be launched on 15 April and includes a collection of waterfront villa residences, two mid-rise residential apartment buildings, and early delivery of the large community park,” Draffen said.&nbsp;

“We’re collaborating with the best in the industry to create a sustainable, design-driven master plan that &nbsp;will meet the needs of the community now and in the years to come.”&nbsp;

Civil works are expected to kick off in May.

[smartcode_project:default project_id=113271 project_image_fid=247284]

Urbis Senior Consultant, Lynda Campbell, said the lack of sales in Runaway Bay Catchment is not due to a lack of demand, but a lack of supply.&nbsp;

“New apartment sales on the Gold Coast are back to pre-pandemic levels, however the lack of supply in the Runaway Bay Catchment remains at a record low,” Campbell said.&nbsp;

“It comes as increasing construction costs, interest rate uncertainty, and inflation continue to put pressure on developers who play a critical role in new dwelling supply.&nbsp;

“The arrival of Harbour Shores will significantly supercharge supply back to levels we haven’t seen since 2015.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=247281]

Draffen said Harbour Shores would deliver new housing supply for the next 10 years within the city’s most sustainable masterplanned community.&nbsp;

“Harbour Shores is the only project to achieve a 6 Star Green Star Community V1.1 rating on the Gold Coast,” he said.

“For future residents, this means access to a standard of amenity, liveability and &nbsp;wellness never experienced in this city before.”&nbsp;

Lewis Land pioneered the creation of the Sovereign Islands, Ephraim Island, Paradise Point Keys, Huntington Harbour and Harbour Town, redefining luxury, lifestyle and destination retail on the northern &nbsp;Gold Coast.&nbsp;

Upon completion, Harbour Shores will deliver more than 2,000 dwellings, communal open spaces and parklands, a waterfront boardwalk, private marina berths, retail and commercial spaces, and a range of resident amenities including resort-style pools, sauna, clubhouse and tennis court.

[smartcode_project_cta:default project_id=113271]

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