<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Joel Robinson

Smith by Valli delivers a refined collection of luxury residences to Melbourne’s inner north

<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.

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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.

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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.

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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.”

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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.”

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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.

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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;

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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.

[smartcode_project_cta:default project_id=110588]

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

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>

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Ellen Walker

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

Sydney’s record-breaking residential development by Top Spring Australia, Ode in Double Bay, has been recognised in the world’s prestigious International Property Awards in London.&nbsp;

The awards represent the pinnacle of excellence in global real estate, and the international accolade follows the regional Asia-Pacific nomination awarded to <a href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028">Ode</a> in 2023.&nbsp;

<a href="/developers/top-spring-australia">Top Spring Australia</a> Director, Henry Wong, accepted the award at London’s Savoy Hotel on 22 February.&nbsp;

“Top Spring Australia is honoured to be recognised amongst the most illustrious property developers," Wong said. &nbsp;

"The International Property Awards are a mark of excellence and puts Ode firmly on the world’s stage."

Created by renowned Sydney architect <a href="/architects/luigi-rosselli-architect">Luigi Rosselli</a>, Ode will stand as a six-storey architectural marvel of European refinement, curves, and asymmetry on a prominent corner site with Sydney Harbour views and a luxury village lifestyle the precinct is known for.&nbsp;

[smartcode_project:default project_id=113405 project_image_fid=234804]

Discerning purchasers have flocked to Ode, shattering sales records for the historic harbourside enclave of <a href="/developments/double-bay-nsw-2028">Double Bay</a> with a penthouse selling off the plan for $24.9 million.&nbsp;

“Sydney remains one of the world’s strongest and most consistent performers in global real estate, and the city’s eastern suburbs and harbour-side location are so tightly held and less cyclical in nature,’’ Wong added.&nbsp;

“We go further to create value for decades to come, working closely with our consultants to create points of difference with a well-defined development identity. This is a key enabler for added value and we undertake extensive research on every aspect to ensure each project’s story is cohesive and compelling. This Development Marketing award is a testament to that strategy in action.’’&nbsp;

[smartcode_project:default project_id=113405 project_image_fid=234805]

With 15 oversized three and four-bedroom apartments and penthouses, the project is under construction by prestige Sydney builder Ceerose and scheduled for completion in late 2025.&nbsp;

“Ode is central to the renaissance happening in Double Bay, combining world-class architecture and lifestyle, a superior dining and retail precinct, and at its centrepiece is stunning public art and corner ground floor plaza,’’ Wong said.&nbsp;

“Residents will have access to a dedicated full-time concierge who will curate a range of services and experiences.”&nbsp;

Limited opportunities remain at the award-winning development, with three-bedroom residences at Ode priced from $10 million.&nbsp;

[smartcode_project_cta:default project_id=113405]

Limited opportunities remain at the award-winning development, with three-bedroom residences at Ode priced from $10 million

Top Spring's Ode Double Bay wins prestigious International Property Award

The record for an apartment in&nbsp;<a href="/developments/fitzroy-vic-3065">Fitzroy</a>, one of Melbourne’s oldest suburbs, has hit a new high following the sale of three amalgamated apartments in Chapter Group's Fitzroy Fitzroy project on Smith Street.

The three combined apartments, which will made a 400 sqm home with 120 sqm of outdoor entertaining space, sold for around $10 million.

The buyer was an Australian expat who will call&nbsp;<a href="/new-apartments/fitzroy-fitzroy-411-421-smith-street-fitzroy">Fitzroy Fitzroy</a>&nbsp;home when the project is completed later this year.

The buyer, in their 30s,&nbsp;was attracted to the project’s central location on Smith Street and the ability to create their dream home in the sky.&nbsp;

The penthouse buyer went through a customisation process for the floorplan and interior finishes with DKO and <a href="/developers/chapter-group">Chapter Group</a>. The result is a whole-floor four-bedroom apartment with five bathrooms, a library room, a games room, a formal lounge, a living room, a dining room, a mud room, laundry and butler’s kitchen, as well as 360-degree views and parking for six cars.&nbsp;

The buyer will also have access to the project’s residential amenities including a residents-only ‘Smith Club’ with communal bar and dining, private meeting and work-from-home spaces and an expansive tranquil rooftop garden on level nine designed by <a href="/landscape-architect/tcl">TCL</a>.&nbsp;

Designed by <a href="/architects/dko-architecture">DKO Architecture</a>, Fitzroy Fitzroy sits behind a grand heritage brick facade, once home to MacRobertson’s Garage and Workshop, and reaches nine storeys high, complete with angular rooftops and a chamfered western side to create sunlit internal spaces and generous viewlines.&nbsp;

[smartcode_project:default project_id=14394 project_image_fid=183065]

Internally, two colour schemes are on offer, both inspired by the culture and character of Fitzroy – the Avant Scheme is marked by fresh, natural finishes and a muted colour palette, while the Gastronome Scheme is bold, unrestrained and modern.&nbsp;

“Fitzroy Fitzroy initially launched with 56 apartments and six townhomes but following a number of amalgamations, the project make-up has shrunk to 52 apartments and five townhomes,” says Dean Lefkos, Chapter Group Founder &amp; Director.

“All buyers to date have been owner-occupiers, very much from within the local area ranging from 20s to 60s, comprising downsizers, empty nesters and young professionals.&nbsp;

“Buyers have largely been attracted to the heritage facade and unique design of Fitzroy Fitzroy, particularly the way it fuses old with new. Apartments and terrace homes boast industrial features the suburb is known and loved for - angular rooftops, concrete, steel and brick, yet a modern edge is evident via fluted glass, brass accents and natural stone."

[smartcode_project:default project_id=14394 project_image_fid=183072]

At ground level, an internal laneway connects Smith Street to the residents’ lobby, inspired by the local arcades in Melbourne’s CBD, complete with ground-floor residential amenities and two retail tenancies.&nbsp;

Fitzroy Fitzroy is 70 per cent sold and is currently under construction. Custom floorplans are still available, with completion scheduled for Q4 2025. There is a further opportunity for a full-floor exclusive residence, up to 650sqm to be fully customised.&nbsp;

Remaining apartments are priced from $650,000.

Fitzroy Fitzroy is a joint venture between <a href="/developers/chapter-group">Chapter Group</a>, <a href="/developers/crema-group">Projects by Crema</a> and <a href="/developers/cdl-australia">CDL Australia</a>.

[smartcode_project_cta:default project_id=14394]

The buyer was an Australian expat who will call Fitzroy Fitzroy home when the project is completed later this year

Confidence in Melbourne's off the plan apartment market soars with record $10 million Fitzroy sale

Future residents at Matrix Development Pty Ltd's 333 Stk will enjoy their well-designed apartments with a well-rounded lifestyle, thanks to a variety of on-site amenities and facilities.

The <a href="/architects/rothelowman">Rothelowman</a>-designed <a href="/new-apartments/333-stk-333-st-kilda-road-st-kilda">333 Stk</a>, named after its premium location at 333 St Kilda Road, comprises 76 one, two, and three-bedroom apartments, including two two-level penthouses.&nbsp;

The apartments are elevated above a podium featuring two retail spaces anticipated to house a mini grocer and a specialty bakery cafe.

[smartcode_project:default project_id=112949 project_image_fid=252261]

Some units feature winter gardens or outdoor terraces, providing flexible spaces for personal studies or hobbies.

Communal areas include a fully appointed private dining room, perfect for hosting long lunches or dinner parties.&nbsp;

The multifunctional lounge serves as a media room, conference, and meeting space, catering to both business and relaxation needs.

The crowning feature of 333 Stk is the rooftop retreat, offering panoramic views across <a href="/developments/st-kilda-vic-3182">St Kilda</a>, complemented by a built-in barbecue and comfortable seating areas.

[smartcode_project:default project_id=112949 project_image_fid=254183]

There's also a fully equipped gym exclusively for residents use.

Sustainability is a priority at 333 Stk, with 100 per cent renewable energy provided in each home. Energy-efficient appliances, 4 to 5-star WELS Tapware, and ultra-low Volatile Organic Compounds Interior (VOC) paint contribute to environmentally conscious living.

All apartments include one or two parking spaces, with provisions for electric vehicle (EV) charging stations and lockable storage areas.

[smartcode_project:default project_id=112949 project_image_fid=254183]

Strategically located on a 2,540 sqm corner site along St Kilda Road and Blanche Street, 333 Stk places residents in proximity to various local amenities, such as St Kilda Beach, St Kilda Esplanade Market, The Avenue Hospital, St Kilda Park Primary School, St Mary College, St Kilda Botanical Garden, and Luna Park.

Construction, led by <a href="/builders/balmain-co">Balmain &amp; Co</a>, is on track for completion in Q4 2025. Prospective buyers can capitalise on stamp duty savings available now.

[smartcode_project_cta:default project_id=112949]

Construction, led by Balmain & Co, is on track for completion in Q4 2025

Amenity watch: The break out spaces at new St Kilda Road apartment development, 333 StK

North Shore developer WINIM has pushed the button in 2024, launching yet another apartment development.

Following the launch of Huntington Residences in Cremorne, <a href="/developers/winim">WINIM</a>, led by joint managing directors Justin Kuiters and Josh Leahy, has launched <a href="/new-apartments/kleo-mosman-8-12-gurrigal-street-mosman">Kleo Mosman</a>, just 14 apartments conveniently and quietly set back off Military Road.

The Gurrigal Street project has one, two, three and four-bedroom apartments across a five-level building designed by WINIM's go-to architecture firm&nbsp;<a href="/architects/rothelowman">Rothelowman</a>.

[smartcode_project:default project_id=144056 project_image_fid=254177]

Kléo's exterior draws inspiration from the area's historic homes, featuring Victorian-style curves and distinctive columns. Landscape Architect <a href="/landscape-architect/arcadia-landscape-architecture">Arcadia</a> has designed the green spaces around the development.

The exterior's architecture transitions into the interiors, combining heritage-inspired design with modern elements to accentuate the generous, high-ceiling layouts of each residence.

Every apartment offers a balance of style and functionality, featuring art deco-style light fittings, solid brass handles, acoustically treated glass panelling, and integrated storage solutions.

The open-plan living areas extend to terraces that showcase pockets of greenery, ensuring refreshing cross ventilation throughout all the residences.&nbsp;

The kitchens are equipped with V-ZUG and Sub-Zero appliances, as well as a solid Travertine island with Taj Mahal quartzite benchtops and brushed metal tapware.

[smartcode_project:default project_id=144056 project_image_fid=254178]

Kléo Mosman enjoys a central location in cosmopolitan <a href="/new-apartments/mosman-nsw-2088">Mosman</a>,&nbsp;off Military Road and near Spit Junction. Residents will have easy access to the vibrant lifestyle that Mosman offers, with its boutique shops, upscale dining, and proximity to scenic waterfronts.

Earlier this year WINIM launched <a href="/new-apartments/huntington-cremorne-13-15-allister-street-cremorne">Huntington Residences</a> in <a href="/new-apartments/cremorne-nsw-2090">Cremorne</a>, another boutique development of just 13 apartments.

Read more:&nbsp;<a href="/news/nsw/winim-reveal-huntington-residences-cremorne-luxury-apartment-development">WINIM reveal Huntington Residences, Cremorne luxury apartment development</a>

[smartcode_project_cta:default project_id=144056]

Kléo Mosman enjoys a central location in cosmopolitan Mosman, off Military Road and near Spit Junction

WINIM launch second apartment development in 2024 as Kléo Mosman hits the market 

Sydney apartment developers are feeling confident in 2024.

That's been the headline from conversations in the first six weeks of the year from developers across Sydney. Just as importantly, that's been the feedback from the project marketers too.

Read more: <a href="/news/nsw/how-the-sydney-off-the-plan-apartment-market-is-faring-heading-into-2024">A Project Marketing View:&nbsp;How the Sydney off the plan apartment market is fairing heading into 2024</a>

Joe Nahas, Managing Director at <a href="/developers/coronation-property">Coronation Property</a>, is expecting a strong market this year, however buyers have changed in recent years.

"Buyers are more discerning when it comes to the developer they choose and are not willing to accept anything short of exceptional built quality," Nahas says.

"Buyers today are very different from those five years ago. Buyers are demanding more and wanting to invest in a lifestyle, not just an apartment. They want more space within their homes, seeking residences that are functional and offer an evolving space to grow. They are wanting the resort-style amenities, outdoor spaces and access to shops and dining on their doorstep."

It's placemaking which Coronation are doubling down on currently and in their future pipeline. Having already delivered the successful Paper Mill Precinct in Liverpool, their focus now is on Mason &amp; Main, which will bring Merrylands its largest ever mixed-use precinct, and Ashbury Terraces, a rare proposition in a suburb where apartments and terraces are at a premium.

[smartcode_project:default project_id=31751 project_image_fid=206097]

Coronation has three new projects which are likely to launch this year, the first being <a href="/new-apartments/erskineville-nsw-2043">Erskineville Village</a>.. They also have a <a href="/new-apartments/57-61-archer-street-chatswood">Woods Bagot-designed tower in Chatswood</a> and another project in Ashbury.

"Across all our off the plan projects, we are finding buyers are desiring the best of modern design, quality build, and convenient connectivity," Nahas added.

<a href="/developers/deicorp">Deicorp</a>, one of Sydney's busiest developers year on year, echoed the sentiment. Deicorp's Executive Manager Robert Furolo said&nbsp;the signs are positive that 2024 will be a strong year both for buyer inquiries and conversion to sales in the apartment market.

"Young families, professional couples, and downsizers are all still looking for the lifestyle benefits of convenient and affordable apartment living," Furolo said.

"Together with the ongoing undersupply of new properties in the market, and the return of investors, we are confident of finding buyers for every new home we build and deliver."

Deicorp has just launched their first new project of 2024, <a href="/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan by Deicorp</a> in <a href="/new-apartments/parramatta-nsw">Parramatta</a>. The two 46-level, side by side towers designed by Turner Studio will home over 600 apartments above retail in the heart of Parramatta on Hassall Street.

[smartcode_project:default project_id=138590 project_image_fid=236113]

Deicorp will also look to launch <a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>, their $310 million,&nbsp;<a href="/architects/fk-australia" target="">Fender Katsalidis</a>-designed mixed-use tower in&nbsp;<a href="/new-apartments/rhodes-nsw-2138">Rhodes</a>, some 214 apartments across 32 levels, while later this year their Melrose Park masterplan is expected to kick off.

Deicorp is working with PAYCE to create a&nbsp;<a href="/news/nsw/deicorp-and-payces-melrose-town-centre-plans-revealed">new $700 million Melrose Town Centre</a>, which will turn a 55-hectare patch of dirt just&nbsp;outside of Parramatta into a fully mixed-use community.

Turner Architects has drawn up the plans which will see just under 500 apartments delivered across&nbsp;six buildings, as well as commercial, retail, a child care centre, and medical premises in the podiums.

Not to forget Deicorp's current pipeline. They'll be completing&nbsp;construction on&nbsp;<a href="/buildings/downtown-zetland-106-116-epsom-road-zetland">Downtown Zetland</a>&nbsp;and&nbsp;<a href="/new-apartments/the-ashford-castle-hill-25-ashford-avenue-castle-hill">The Ashford</a>&nbsp;in&nbsp;<a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a>, as well as&nbsp;the first stage of their&nbsp;<a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village&nbsp;</a>project near the Tallawong Metro Station. They will also launch a new release of apartments in the 430-unit&nbsp;<a href="/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill">Hills Showground Village</a>&nbsp;development, also in Castle Hill.

[smartcode_project:default project_id=133881 project_image_fid=209816]

Lower North Shore developer <a href="/developers/hyecorp-property-group">Hyecorp</a> saw success over the break at their under construction <a href="/new-apartments/st-leonards-nsw-2065">St Leonards</a> project, <a href="/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">Audrey</a>.

Hyecorp Sales Director George Benlian secured the sale of an apartment with the highest price per square metre rate within the building.

“As January unfolded, the off the plan apartment market embarked on its annual dance of unpredictability," Benlian said.

"The month, typically characterised by a lull in activity due to holiday festivities, didn't deter the stream of inquiries. Although many potential buyers were still immersed in their vacation mindset, the real action was set to unfold upon their return to the daily grind."

[smartcode_project:default project_id=110379 project_image_fid=209058]

Benlian said while the majority of purchasers hailed from the local area, some buyers have made the decision to downsize from the Hills District and relocate closer to the city.

"The strategic location of Audrey St.Leonards emerged as a key selling point, positioned opposite the scenic Newlands Park and a mere 400 meters away from a conveniently accessible train station.

"These factors contributed to Audrey's appeal, attracting a diverse range of buyers seeking not only a property but also a lifestyle upgrade."

[smartcode_project:default project_id=110379 project_image_fid=206935]

Benlian believes the economic data which has emerged this year will spur buyers on later in 2024.

"The anticipation of this positive shift in the economic landscape will be encouraging more individuals to make their move in the property market, setting the stage for an optimistic outlook in the coming months."

Hyecorp recently launched <a href="/new-apartments/juliet-roseville-64-pacific-highway-roseville">Juliet</a>, their boutique 35-apartment project in <a href="/new-apartments/roseville-nsw-2069">Roseville</a>.

Read more:&nbsp;<a href="/news/nsw/hyecorp-reveal-latest-north-shore-apartment-development-juliet-roseville">Hyecorp reveal latest North Shore apartment development, Juliet Roseville</a>

The Developer View: How the Sydney off the plan apartment market is faring heading into 2024

With the limited availability of oceanfront properties in the beachside hotspot of Manly, opportunities like Iris Capital's Oceania, directly across Manly Beach, are hard to come by.

The ocean-facing Oceania, at <a href="/new-apartments/oceania-42-north-steyne-manly">42 North Steyne</a>, comprises only seven three and four-bedroom apartments, just two per floor.

Designed by <a href="/architects/squillace-architects">Squillace Architects</a>, Oceania is characterised by soft curves and free-flowing balconies inspired by the natural forms and movement of its surroundings.

The interiors at Oceania redefine laidback luxe, with each apartment exuding a penthouse-like feel.

<img alt="Oceania Spotlight" data-entity-type="file" data-entity-uuid="a4afc3f6-dd2d-4763-859f-6ea33c96c8ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Oceania%20Living.png?VersionId=dDHU8Mah_dNr3Fj8TmcVNltsdnCmFnf2" />

"The residences at Oceania celebrate the beauty and elegance of every detail, creating spaces that are refined and of the highest possible quality," says Vince Squillace.

Each residence features a separate study area, additional multipurpose TV room, wine cellar, and en-suites to every bedroom.

Chevron timber flooring, low-line joinery, and polished plaster define the living spaces.&nbsp;

The kitchens are well-equipped with European Wolf and Liebherr appliances, feature a curved natural stone island benchtop, and are complemented by a butler’s pantry.

The spacious master bedrooms have generous walk-in robes with a natural woven rattan inlay, ensuites, and private balcony access.

<img alt="Oceania Spotlight" data-entity-type="file" data-entity-uuid="0e5e706f-08ac-410e-844c-060c44154698" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Oceania%20BDRM.png?VersionId=NlGSrsFQgTU0PRD9cKkei2BE2PufvdBS" />

Crowning Oceania is a whole-floor penthouse, featuring a wrap-around balcony with a private pool and spa, outdoor shower and powder room, built-in barbecue, and Arizona-inspired landscaping.

Penthouse residents will also enjoy their private lobby and access to balconies on either side of the apartment, providing panoramic views of the surrounding coastline.

All units come with two secure underground car spaces and extra storage.

Oceania is just minutes from the <a href="/new-apartments/manly-nsw-2095">Manly</a> Wharf, where a fast ferry can take residents to Circular Quay in just 30 minutes.

<a href="/developers/iris-capital">Iris Capital</a>, led by Sam Arnaout, also owns Manly's Hotel Steyne. They are currently developing <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, a landmark $800 million precinct in <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a> on the Gold Coast. They also are working on <a href="/new-apartments/queensgate-18-32-darlinghurst-road-potts-point">Queensgate in Potts Point</a> and <a href="/new-apartments/east-end-newcastle-143-hunter-street-newcastle">Newcastle's transformative East End community</a>.

Iris Capital, led by Sam Arnaout, also owns Manly's Hotel Steyne

Iris Capital launch luxe Manly beachfront apartment development, Oceania

Global architectural firm BVN has won the City of Sydney Council’s Design Excellence Competition for its design of Buildings G and H in the Ashmore Estate, part of the $1.5 billion Erskineville Village urban renewal project by Coronation Property.

Located four kilometres from Sydney's CBD, the Erskineville Village project at 155 Mitchell Road is set to transform the 50,000 sqm former industrial site into a vibrant community hub, delivering approximately 1,000 Build-to-Rent (BTR) residences, six boutique terraces and premium retail, dining, and public amenity spaces.

The significant development is positioned to play a vital role in addressing Sydney's housing shortage by bringing a dynamic range of high-quality rental residences into the market.

As the last remaining section in the Ashmore Estate, the design for Buildings G and H will complete the significant master-planned urban regeneration.

<img alt="BVN winner of Coronation's $1.5B Erskineville Village urban renewal project" data-entity-type="file" data-entity-uuid="5f180431-4d97-47d2-bc58-1a48fa710cc4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mitchell%20Road%20Erskineville%20Design%20-%20Perspective_0.png?VersionId=fD4KKHZWWItZd9A4v6D80_98u9p.zxoe" />

BVN’s winning submission will house over 380 studios, 1, 2 and 3-bedroom apartments, complete with a communal hub filled with extensive resident amenities. These include co-working spaces, community rooms, swimming pool, alfresco dining areas spread over multiple levels, large landscaped outdoor retreats with outdoor kitchens plus wellness facilities including a yoga studio and sauna.

BVN’s design envisions a porous and well-connected neighbourhood, with a finer urban grain facilitating pedestrian movement and interaction. It anchors the development in its location through a constructed landscape that reflects the site's geology and industrial past, using materials and planting to tell the area's regenerative story.

Joseph Nahas, Coronation’s Managing Director, says Coronation is committed to the Erskineville community and delivering a quality, community-led precinct.

"We’re excited about our first partnership with BVN, not the least because it marks the final step in Erskineville Village’s urban transformation plan.

“This is a significant milestone in the $1.5 billion redevelopment project, which will deliver extensive retail, the future 7,500 sqm McPherson Park and Kooka Walk, a 20-metre-wide pedestrian-friendly walkway.

“The Erskineville Village precinct will also deliver approximately 1,000 Build-to-Rent (BTR) residences through our sister brand Nation, offering housing choice and diversity on the City of Sydney’s fringe.”

Nation, which is launching its first two buildings next month in Merrylands and Parramatta City and projected to deliver around 1,500 apartments by 2025, will also operate the five BTR residential buildings with the precinct.

<img alt="BVN winner of Coronation's $1.5B Erskineville Village urban renewal project" data-entity-type="file" data-entity-uuid="7d3d4e36-d940-4a6f-9737-1be1a8cf7151" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mitchell%20Road%20Erskineville%20Design%20-%20Pool%20View.png?VersionId=o6qNOXhHD.Z9Rb.yMoLuSjf4nNd5P6Tr" />

BVN Principals Phillip Rossington and Peter Titmuss shared their vision for the project, focusing on creating a sense of community, incorporating native landscapes, and drawing design inspiration from the site’s industrial past.

“BTR projects like this should prioritise elevating the resident experience beyond the lobby and their front door," Rossington said.

"There is a real opportunity to design for higher density that fosters social connection and builds community.

“The transition from a place for industry back to a place for people will be both transformative and regenerative."

The entire Erskineville Village precinct will be completed by 2026.

&nbsp;

[smartcode_project_cta:default project_id=143114]

Joseph Nahas, Coronation’s Managing Director, says Coronation is committed to the Erskineville community and delivering a quality, community-led precinct

BVN win design comp for Coronation's $1.5 billion Erskineville Village urban renewal project

National diversified developer Fortis has achieved planning approvals for $570 million worth of projects across three major developments in Sydney and Melbourne.

They've secured approval for the second tower of their&nbsp;$320 million mixed-use Wiltshire House development in Richmond, an $80 million commercial building in Sydney's Manly and a landmark $170 million precinct in Double Bay, in collaboration with Restoration Hardware (RH), that will bring the luxury lifestyle brand to Australia and Asia-Pacific for the first time.&nbsp;

At Wiltshire House, the 22,200 sqm, two-tower project in <a href="/new-apartments/richmond-vic-3121">Richmond</a>, Fortis has appointed SJB as lead architect, having reimagined previously approved plans for the second tower from commercial to residential in response to the pent-up demand for high-quality residential stock in Melbourne’s inner suburbs. &nbsp;

[smartcode_project:default project_id=13181 project_image_fid=232939]

The move is reflective of the confidence that Fortis continues to hold in residential development across Melbourne’s inner-ring suburbs, which is underpinned by the initial off-market enquiry for the building’s first residential tower, and the macro fundamentals which points to a sustained, significant undersupply of new housing across the state into 2027*.&nbsp;

The development approval comes at a critical time for housing supply in the state of Victoria, with Charter Keck Cramer’s State of the Market H1 2023 report revealing that between 15,000 and 18,000 new build-to-sell and build-to-rent apartments are required to meet the current levels of demand. Yet, completions are only forecast to reach 10,500 per year.&nbsp;

Meanwhile, in <a href="/developments/sydney-nsw">Sydney</a>, the RH DA decision made by the Woollahra Planning Panel provides approval for a purpose-built Design Gallery that integrates artistic installations of luxury home furnishings, an Interior Design studio with professional design services; and a Rooftop Restaurant, &nbsp;offering a curated fine dining experience.&nbsp;

<img alt="Fortis achieves planning approval for RH in Double Bay" data-entity-type="file" data-entity-uuid="777ea9b6-1153-4ee5-9295-988ab5aec480" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/RH%20Double%20Bay.png?VersionId=9TFqhSCWQMYYPipVIQuDDq5qVT4eECyw" />

With an architectural approach defined by the RH design ethos – a study of balance, symmetry, and perfect proportions – RH Sydney, The Gallery at Double Bay will be a signature landmark for the city’s eastern suburbs, integrating a timeless yet contemporary structure into the landscape of Double Bay.&nbsp;

Fortis acquired the 1,027sqm RH Gallery site for $49 million in 2021 with the vision to create a bespoke design and hospitality destination. Working in collaboration with RH, MHN Design Union and &nbsp;Dangar Barin Smith, the $170 million commercial project will represent a distinctive and inspiring space of the highest quality and craftsmanship.&nbsp;

The new RH Gallery complements a number of highly successful Fortis developments in the area including Neil Perry’s ‘Margaret’, ‘Baker Bleu’ at 2 Guilfoyle Avenue, another soon-to-open Neil Perry venue, ‘Song Bird’ at 24 Bay Street, and boutique commercial office suites for sale within the luxurious Ruby House project, currently under construction opposite the RH Gallery development.&nbsp;

Fortis has also secured development approval for 34-35 South Steyne in Manly from Northern Beaches Council.&nbsp;

<img alt="Fortis achieves planning approval for 34-35 South Steyne in Manly" data-entity-type="file" data-entity-uuid="3a55d69d-500b-430b-bb0e-2c0677616e3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Manly.png?VersionId=D6AyL1uZbdVS2Y_zMy7wNPXycFwT8A7l" />

Named ‘White Water’, construction on the 690 sqm site is set to commence in Q3 2024, with developer Fortis set to transform it into a commercial and retail offering with three levels of commercial office space, two basement levels for parking, and a private rooftop terrace.

The Manly site will be developed by Fortis and anchored by Pallas Capital, with its growing operations across the eastern seaboard driving demand for a second office.&nbsp;

For Wiltshire House in Richmond, Fortis re-submitted the project as a residential scheme in August &nbsp;2023 – just as Property Council of Australia figures revealed that 12,000 new homes could be created by converting vacant office buildings to residential projects in Melbourne’s CBD.&nbsp;

The new scheme for the second tower will encompass 10,000 sqm of premium residential, &nbsp;commercial and retail space, featuring ground-floor retail and hospitality, alongside 50 apartments spanning 11 floors above.&nbsp;

Victoria's General Manager, Development, Tim Mills, says Wiltshire House aims to create a lifestyle precinct.

“As with our Sydney and Brisbane projects we are aiming to deliver more than just residences – by emphasising the existing local DNA of the areas in which our projects sit, while ensuring connection between our network of neighbouring projects within the same suburbs, we can create lifestyle precincts that add value to locals and visitors as well as our own buyers," Mills says.

“We saw a number of developers last year either re-think their future commercial projects or re-develop existing ones, into sorely needed residential stock – we expect to see more of this as factors like population growth, stabilising interest rates and improving economic conditions fuel residential demand.&nbsp;

“We believe there is a significant undersupply of quality stock in Melbourne’s in-demand inner suburbs and see huge potential to pivot existing sites where appropriate into a product that serves the market at any given time. &nbsp;

“As a private developer with a proven track record for strategic precinct place-making and delivery, &nbsp;we can be nimble to move where the market is which is why we’ve been able to successfully execute a permit amendment and reposition this second tower to residential so that we can deliver much-needed stock to one of the city’s most sought-after suburbs."

Victoria's General Manager, Development, Tim Mills, says Wiltshire House aims to create a lifestyle precinct

Fortis eye launch of Wiltshire House, Richmond apartments as $570 million of projects approved

Renowned developer Poly Global is nearing completion of its transformative master plan development Spring Square by Poly, an exciting investment opportunity nestled in the lively suburb of Bankstown.&nbsp;

Located on a 46,400 sqm site at 32 Kitchener Parade at the site of an old RSL, the Scott Carver-designed <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown">Spring Square</a> comprises 516 apartments across five towers over significant retail and commercial space.

Spring Square is strategically positioned within the evolving health precinct of Bankstown. As the region undergoes significant transformation, the development is poised to become a key player in supporting the growing healthcare needs of the community.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=245520]

The $2 billion redevelopment of the Bankstown CBD will see it become the hub of the west.

The City of Canterbury <a href="/new-apartments/bankstown-nsw-2200">Bankstown</a> is committed to a $1.3 billion development of health services in Bankstown, including the construction of a new hospital, with expected completion in 2029. It will become a leading link&nbsp;between other health precincts in the region, connecting areas like Liverpool, Randwick, Westmead, and St George.&nbsp;

The new $340 million high-rise Bankstown City campus of Western Sydney University in Bankstown adds another layer of appeal to Spring Square.

The 18-storey campus comprises 26,000 square meters of state-of-the-art facilities with a focus on technology-rich learning environments.

The Bankstown City campus will offer undergraduate and postgraduate courses in various fields, including teacher education, psychology, arts and humanities, business, accounting, IT, and non-clinical health areas.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=245535]

The curriculum and facilities are tailored to address the needs of the fast-growing Canterbury-Bankstown and southwest Sydney regions, with a focus on health, advanced manufacturing for small and medium enterprises, and education.

The Bankstown City campus is expected to deliver approximately $140 million a year in additional economic uplift to the Canterbury-Bankstown and Western Sydney region.

Further contributing to the investment proposition is Australia's prominent retail property group Vicinity Centres' $1 billion investment in the Bankstown region.

Vicinity Centres envisions a 30-year redevelopment plan for 11.4 hectares of central Bankstown, aiming to create a mixed-use urban neighbourhood.&nbsp;

The project, known as Bankstown Central, includes the addition of at least 19 towers around the existing central shopping centre.

The early plans for the $1.3-billion redevelopment include 1255 residential apartments, 439 hotel rooms, 694 student accommodation units, about 90 serviced apartments, 120,000 sqm of commercial space, and 15,000 sqm of new retail.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=245534]

The existing shopping centre, built in 1966, houses anchor tenants such as Myer, Target, Big W, Kmart, Woolworths, Dan Murphy’s, and Coles.

The redevelopment is expected to bring economic benefits, with the potential to generate an additional $88 million in retail spending, supporting existing retailers and new local businesses.

Situated at the northern end of Bankstown's commercial precinct, Spring Square by Poly is also strategically positioned to benefit from the renewed Canterbury-Bankstown to Sydenham corridor and the new Sydney Metro train line, just 300 metres away.

Sydney Metro aims to deliver quick and reliable turn-up-and-go services between Sydenham and Bankstown by late 2025.

[smartcode_project:default project_id=7054 project_image_fid=245522]

Infrastructure spend tends to lead to increased price growth, which is why investors have turned their eye to Spring Square by Poly, which in itself is a mini community with extensive retail and commercial spaces.

The masterplan features retail shops, a 684 sqm health services facility, a childcare centre, and a spacious basement car park with 714 parking spaces.

Residents of Spring Square will enjoy communal spaces, interconnecting walkways, and green parks, fostering a sense of community and well-being. The inclusion of a garden, small cafes, bars, and outdoor al fresco dining options adds to the lifestyle appeal of the development.

[smartcode_project_cta:default project_id=7054]

[smartcode_project:default project_id=7054 project_image_fid=245535]

Infrastructure spend tends to lead to increased price growth, which is why investors have turned their eye to Spring Square by Poly

Spring Square by Poly: In the heart of Bankstown's $2 billion CBD redevelopment

Having recently completed their Elsternwick apartment development EVA, builder developer Pitard Group is onto its next project.

They've already started construction at Moola Court, a 60-apartment project in <a href="/developments/cheltenham-vic-3192">Cheltenham</a>.

<a href="/buildings/moola-court-cheltenham-1-moola-court-cheltenham">Moola Court</a> comprises 60 one, two, and three-bedroom apartments, presenting a rare opportunity to buy into a suburb where less than a fifth of dwellings are apartments.

[smartcode_project:default project_id=136163 project_image_fid=252604]

Designed by <a href="/architects/via-architects">VIA Architects</a>, the apartments feature open plan living and dining spaces that open to private terraces, as well as kitchens with Ilve appliances, an island, and marble countertops.

Euro laundries are cleverly tucked away behind bi-fold doors.&nbsp;Some apartments also include a nook alongside a large window, or a fully fitted-out study room as a dedicated workstation.

&nbsp;

All apartment levels come with a lift service from the basement car parking and a secure intercom entry. The building also has a resident lounge.

[smartcode_project:default project_id=136163 project_image_fid=252607]

Moola Court sits at the end of a cul-de-sac on the fringe of Cheltenham's centre, near Cheltenham Station and the 20-hectare Cheltenham Park, home to Cheltenham Golf Club, Shipston Reserve, and Jack Barker Oval.

Construction on Moola Court is well advanced, with completion slated for June 2024. Prices start from $560,000 for a one-bed and rise in price to the $1,295,000 three-bed apartments.

&nbsp;

<a href="/developers/pitard-group">Pitard Group</a>&nbsp;is also selling the final apartments at its completed&nbsp;<a href="/buildings/eva-elsternwick-village-apartments-241-glen-huntly-road-elsternwick">EVA Elsternwick Village</a> development.

[smartcode_project_cta:default project_id=136163]

Construction on Moola Court is well advanced, with completion slated for June 2024

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