<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?

Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past four years, property data analytics firm CoreLogic says.

At the onset of the pandemic in March 2020, the house premium, or the difference between median capital city house and unit values, was just 16.7%. Fast forward almost four years later, and that premium has jumped to 45.2% or $293,950.

CoreLogic&nbsp;research director, Tim Lawless,&nbsp;said while houses have historically attracted a price premium over units, and have shown a higher rate of capital gain, several factors have led to the accelerated value growth for detached dwellings over recent years.

“The house premium rose sharply through the pandemic upswing as more people sought out space and were more willing and able to live further afield in our cities," Lawless said.

"While we saw the premium contract through the early part of the rate hiking cycle as house values fell more than unit values, across the combined capitals the gap between house and unit values has since rebounded to a new record high as house values once again rise at a faster pace than units.”

<img alt="CL chart" data-entity-type="file" data-entity-uuid="2ef56cfb-232c-400f-93a3-8c575ca2bf77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-21%20at%206.40.50%20am.png?VersionId=XKlBupTQ_38ULQhrLobRRv1SqjnhH6Nr" />

Since the onset of the pandemic to January this year, capital city house values have increased by 33.9% or by $239,000. Unit values over the same period are up 11.2% or $65,235.&nbsp; A similar trend has played out over the past 12 months with house values up 11.0% ($93,552) while unit values are up a lesser 6.9% ($41,789).

Across the capital cities, Sydney has seen the largest expansion in the house premium since the pandemic, with the gap between house and unit values widening by almost 36 percentage points, catapulting it from sixth to first position on the premium leagues table. Melbourne, Perth, Adelaide and Brisbane have all seen their house premium grow between 15 and 16 percentage points over the same period, while Darwin has seen its house premium reduce by -12.2 percentage points.

“Over the past 12 months, we see a different picture. While Sydney tops the table again for largest 12-month change in premium followed by Canberra, several cities have seen the premium shrink back a little, including Brisbane and Adelaide. This could be reflective of homebuyers seeking out more affordable housing options, which has diverted more demand towards units,” Lawless said.

<img alt="CL chart" data-entity-type="file" data-entity-uuid="06b543c3-41b0-4bad-bdf1-dd9ca198753f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-21%20at%206.45.02%20am.png?VersionId=ZgGub1RXC70wHsml9Z.EoPFKXRZYhE8C" />

Since the onset of the pandemic to January this year, capital city house values have increased by 33.9% or by $239,000. Unit values over the same period are up 11.2% or $65,235.&nbsp; A similar trend has played out over the past 12 months with house values up 11.0% ($93,552) while unit values are up a lesser 6.9% ($41,789).

Across the capital cities, Sydney has seen the largest expansion in the house premium since the pandemic, with the gap between house and unit values widening by almost 36 percentage points, catapulting it from sixth to first position on the premium leagues table. Melbourne, Perth, Adelaide and Brisbane have all seen their house premium grow between 15 and 16 percentage points over the same period, while Darwin has seen its house premium reduce by -12.2 percentage points.

“Over the past 12 months, we see a different picture. While Sydney tops the table again for largest 12-month change in premium followed by Canberra, several cities have seen the premium shrink back a little, including Brisbane and Adelaide. This could be reflective of homebuyers seeking out more affordable housing options, which has diverted more demand towards units,” Mr Lawless said.

Across the combined capitals, five of the suburbs with the largest house premium are in Sydney, three are in Melbourne and two in Perth.

Lawless said many of the suburbs with the largest house premium are very affluent markets.

“In Sydney the largest premium for a house is at Bellevue Hill with a 525% premium for houses over units.&nbsp; In Melbourne it is Armadale with a 372% premium and in Perth it is Mosman Park with a 431% premium. Homebuyers attracted to these blue-chip suburbs who can’t afford a freestanding home may be attracted to the significantly more affordable price point to get into a high-end suburb,” Mr Lawless said.

<img alt="CL chart" data-entity-type="file" data-entity-uuid="2890b787-a9a7-4306-91c0-91aa2e215fde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-21%20at%206.43.51%20am.png?VersionId=m_2KHWrouRdYpdfXjc7V6U7flkLd0Mjy" />

“Conversely, the suburbs with the smallest differential in price between a house and unit may offer good buying opportunities for those able to stretch themselves to secure a piece of land without the hefty premium we’re seeing more broadly across many parts of our cities. With houses typically yielding a stronger capital gain outcome over time, these suburbs with a lower house premium could be strong investment opportunities.”

Lawless says house prices have moved out of reach for a growing portion of the population, especially those seeking a first home or lower income households.

"With housing affordability remaining a key challenge across Australia, the substantially lower price points across the medium to high density sector are likely to become increasingly in demand as buyers become more willing to sacrifice space for proximity to essential amenities."

"With housing affordability remaining a key challenge across Australia, the substantially lower price points across the medium to high density sector are likely to become increasingly in demand as buyers become more willing to sacrifice space for proximity to essential amenities."

High density sector to become more attractive as gap widens between house and unit prices: CoreLogic

The term unrepeatable is often a term bandied around when talking about some of Sydney’s finest trophy homes that line the harbour in Point Piper. Unrepeatable for their views of Sydney’s finest landmarks, their access to the water, and the fact the land they sit on can not be recreated.

What prominent property developer <a href="/developers/twt-property-group">TWT Property Group</a> has put together in <a href="/developments/pyrmont-nsw-2009">Pyrmont</a> is equally unrepeatable, with their Grande Pyrmont Bay Estate boasting arguably some of the most grandiose house proportions, unrivalled in an inner-city, harbourside suburb.

Almost unfair to call them terraces given their size, the 11 residences that made up Grande Pyrmont were built to the highest standards by iCIRT-rated builder Decode Group in late 2020. A few months later the development won the 2021 Best Low-Rise Residential Development Awards at the Urban Taskforce Development Excellence Awards.

[smartcode_project:default project_id=139957 project_image_fid=251027]

Urban was recently invited on a tour of one of the final two homes in Grande Pyrmont, The Manor, one of the most impressive homes in the collection. What was immediately obvious, and surprising, was the size and scale of the home, in an area known typically for tight terraces houses. It has 1,170 sqm of internal space, not including the 230 sqm of outdoor terraces and balconies, nor the parking for two cars.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/Os1cTIpaGow?si=m308r9_I0KEHWNQz" title="YouTube video player"></iframe>

Purposefully unassuming from the front to blend into the 1800s Pyrmont character facades that make the harbourside suburb a historian’s dream, access to the terrace development from Harris Street is through a modest sandstone entry. Of course there’s also direct access from the car park.

[smartcode_project:default project_id=139957 project_image_fid=251047]

In keeping with their commitment to preserve heritage and create something which balances legacy with contemporary, the entry lobby to Grande Pyrmont Bay features a mini museum, with artefacts recovered during the excavation phase of the development. There’s spoons and plates that date back to the 1800s. The excavation also uncovered yellow sandstone, which heritage expert Troy Stratti said will have been there for 200 million years.

On the wall of the lobby is also a timeline, from when the Gadigal aboriginal people inhabited the site as the traditional custodians, to now.

While essentially set just one street back from Harris Street, the terraces have been cleverly designed to block out any noise. Even the extensive outdoor space is more tranquil than traffic. The ground floor, which is the main entertaining level, features a soaring double-height void to one of the upper levels, creating a grand sense of space. Adjoining the living room, which has a striking fireplace, is a luxury bar area, a cinema room, and a sauna and a cellar.

This level opens to the main outdoor entertaining space, complete with outdoor entertaining area, barbecue kitchen, and a swimming pool, set amid landscaping and an elevated viewing-like deck with views across to Barangaroo.

[smartcode_project:default project_id=139957 project_image_fid=251043]

Up the sculptural staircase, or lift, to even more impressive views to Barangaroo and Darling Harbour. Here there’s another living area, three guest bedrooms, two bathrooms, and a laundry room.

The staircase continues to the yet another living level which homes a lounge, adjoining kitchen,&nbsp;complete with Calacatta Blanco Marble and a butlers pantry as large as most regular kitchens, and a dedicated dining space.

Up another level and there's yet another lounge area, as well as a&nbsp;home office which is positioned at the front of the terrace to take in the extensive views. Two further bedrooms sit privately on this level.

Crowning the home is a 148 sqm whole floor master suite, the sixth bedroom, which comprises an ensuite with a freestanding sculpted bath, and a walk-through wardrobe with dressing room and vanity. Its most impressive feature is the private terrace, complete with a spa and views of the whole of Barangaroo and the Sydney Harbour Bridge.

[smartcode_project:default project_id=139957 project_image_fid=251034]

The commercial grade lift by Kleemann Atlas runs through each of the seven levels, all the way from the top level master suite to the basement level which is ensconced with towering original sandstone, cliff-like walls.&nbsp;

This space has been left empty so a purchaser can use it however they wish. Some have created an ultimate man cave, which are more common in converted garages rather than in a space which actually resembles a cave. A large enough space for a full wellness zone rather than a typical home gym, some of the potential uses discussed can be a wine tasting room, a golf simulator, or a huge private cinema.

<a href="/buildings/grande-pyrmont-71c-harris-street-pyrmont">The Manor at Grande Pyrmont Bay</a> is seeking $23 million and is ready to move in. The option to keep the styled, custom furniture by Coco Republic, is an added extra.

[smartcode_project_cta:default project_id=139957]

Grande Pyrmont: Unrepeatable mansions in the heart of the Sydney Harbour

Queensland developer Azure has secured approval for its&nbsp;new $57 million residential estate at Flinders View.

Azure Director Trent Keirnan says full council approval is another step toward Azure’s mission of delivering townhouse developments to meet the growing demand amidst the current housing shortage crisis in southeast Queensland.&nbsp;

“We are thrilled to have received DA approval for Dahlia,” Keirnan said.

“Azure is especially committed to investing in key growth areas and creating communities that focus on affordability and liveability with the inclusion of prized indoor-outdoor living areas that define the southeast Queensland lifestyle and Dahlia is no exception.

“We are eager to deliver an abundance of residences during a housing shortage and continue to contribute essential housing supply and diverse housing options in a city marked by thriving employment and business opportunities.”&nbsp;

According to data by Urbis and the ABS, in the next two years Ipswich’s annual growth rate is expected to rise 4.2 per cent, with the population expected to exceed 424,000 by 2041.

“Ipswich is currently undergoing a major transformation and is forecast for remarkable growth potential, and we are actively playing our part in meeting the rising demand,” Keirnan added.&nbsp;

<img alt="Azure" data-entity-type="file" data-entity-uuid="a786c8a6-43d2-4a0f-86b0-ee4231077bda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-20%20at%205.22.15%20pm.png?VersionId=9iIJtoT_.4H7hHQc2CFC8FY7PYlNw7q0" />

Once complete, the Dahlia estate will comprise over 100 townhouses consisting of three bedrooms and two and a half bathrooms with a mix of six different floorplans on offer.

Residents will also enjoy an array of recreational amenities, including a 686 square meter communal lawn area and a club facility featuring a 15-meter swimming pool with a 5-meter kids splash pool, sun lounges, double day beds, and lush landscape gardens.

Dahlia’s surroundings offer residents a perfect blend of convenience, green spaces, and connectivity, with a supermarket, Cafe 63, a bakery, chemist, and a well-maintained council park with a pedestrian footpath directly across the road.&nbsp;

The approval follows the successful sellout of Azure’s other Ipswich projects, the $50 million Seasons by Azure and the $55 million Munro estate.&nbsp;

Construction is expected to commence in the second quarter of this year with the project set to launch to market next month.

Azure is a privately owned real estate development and investment company that has delivered more than 1,400 terraces, units and residential lots since it was founded in 2014.

The company’s active portfolio of seven developments is valued at more than $500 million, including two luxury high rises in inner Brisbane - One Earle Lane at Toowong which is edging closer to a sellout and One Five Six by Azure at New Farm which set a price record for the inner city in 2022 with its $11.4 million penthouse sale.

Construction of Dahlia is expected to commence in the second quarter of this year with the project set to launch to market next month.

Azure get go ahead for 100-townhouse Flinders View Ipswich estate, Dahlia

Prominent Cronulla developer Sammut Group has kicked off construction at its highly anticipated mixed-use development, VUE.

VUE, a transformational project on a 5225 sqm site at <a href="/new-apartments/vue-3-23-kingsway-cronulla">3-23 Kingsway</a>, is set over two eight-storey buildings over a double-storey podium. The development will include 112 apartments, 880 sqm of commercial space and 3000 sqm of retail space including Harris Farm Markets.

The $350 million mixed-use project, to be delivered with venture capital partner Alceon Group, marks a significant milestone for Cronulla, representing the first urban renewal development since Northies Hotel in 1999.

The project is due for completion by late 2025.

[smartcode_project:default project_id=106933 project_image_fid=253675]

<a href="/developers/sammut-developments">Sammut Group</a> Chief Executive Officer Allen Sammut said VUE is set to enhance Cronulla’s coastal identity and future-proof the area for years to come.

“We believe in respecting the history of <a href="/new-apartments/cronulla-nsw-2230">Cronulla</a> while steering it towards a thriving future,”&nbsp;Allen said.

“VUE demonstrates our commitment to preserving the community’s spirit while introducing enhancements that will benefit residents and locals alike.

It’s not about changing what we know and love, it’s about enhancing the area’s unique qualities.”

As Sammut Group’s largest project to date, VUE has attracted a diverse mix of interest with 30 apartments snapped up pre-launch and all one-bedroom apartments are sold out. The overall of the buyer mix has been from&nbsp;local professionals, downsizers and first home buyers.

[smartcode_project:default project_id=106933 project_image_fid=253677]

The 112 apartments are made up of 25 one-bedroom and 30 two-bedroom apartments, the latter starting from $2,115,000. the 51 three-bed units start from $3,215,000. There are just six three and four-bedroom penthouses.

Designed by <a href="/architects/pbd-architects">PBD Architects</a> with interiors by <a href="/interior-designers/mim-design">Mim Design</a>, the project has a resort-style feel featuring a large communal terrace with a pavilion and pool, sauna and open-air gym located at podium level, while street-level landscaping and upgrades to the public domain will bring new vitality to the daily experience of the area.

&nbsp;

[smartcode_project:default project_id=106933 project_image_fid=253676]

Vue Cronulla will be delivered by multi-award-winning, iCIRT-rated construction firm <a href="/new-apartments/vue-3-23-kingsway-cronulla">Decode</a>, who is responsible for more than 33 projects across the full spectrum of sectors including the landmark mixed-use project Burwood Grand, which was recently awarded the 2023 Urban Taskforce Best Mixed-Use Development Award.

Decode Founder and Chairman Sam El Rihani said his team is excited to deliver an iconic project for Cronulla.

“We are honoured to be entrusted with the delivery of VUE, a project that is set to redefine Cronulla’s Northern Gateway and contribute to the area’s transformation,” El Rihani said.

“Sammut Group continues to set the bar for design excellence and VUE is evidence of that, with beautiful architecture and considered design that will benefit the residents and the local community.”

[smartcode_project:default project_id=106933 project_image_fid=253679]

The project sits 500 metres from another major Sammut Group development, PARC, a commercial building and hospitality venue PARC Pavilion which Sammut Group will operate in partnership with leading hospitality group Feros Group.

Sammut Group Chief Operating Officer Julian Sammut said he is thrilled to see the momentum for two significant Sammut Group projects.

“With our PARC development progressing and construction now kicking off at VUE, our vision to ‘bookend’ Cronulla Mall with the highest level of design quality is soon to become a reality,” Julian said.

“We’re excited to see these two very significant projects generate vibrancy and buzz for the area.”

[smartcode_project:default project_id=106933 project_image_fid=253678]

Sammut Group has sold 80 per cent of the commercial suites to locals keen to secure convenient modern office space and continues to field strong enquiries from speciality food and beverage operators looking to neighbour the flagship Harris Farm Markets.

<a href="/project-marketer/highland-project-marketing">Highland</a> CEO David Highland said the strong interest in the residential, retail and commercial spaces at VUE demonstrates the local appetite for a modern and fresh development in a desirable location.

“We’ve seen a consistent flow of enquiries and sales across all components of the development, with locals eager to live or work at VUE and enhance their quality of life,”&nbsp;Highland said.

“To see strong interest in the commercial and retail spaces two years out from the project completion shows how in demand this location is.

“With Sammut Group’s project portfolio predominantly located in Cronulla, prospective buyers and tenants can see Sammut Group’s commitment to elevate the area through its developments, consistently setting out to deliver high-quality spaces with the signature coastal-luxury style.”

[smartcode_project_cta:default project_id=106933]

Highland CEO David Highland said the strong interest in the residential, retail and commercial spaces at VUE demonstrates the local appetite for a modern and fresh development in a desirable location

Sammut Group kick off construction of game-changing Cronulla precinct, VUE

Chinese developer Bridgehill Group is continuing to inject new apartment supply to Zetland's Green Square precinct.

They've just launched LUNA, which accompanies their already completed <a href="/buildings/uno-green-square-105-115-portman-street-zetland">UNO</a> and <a href="/new-apartments/jade-apartments-113-portman-street-zetland">Jade Apartments</a>&nbsp;buildings, as well as their under construction <a href="/new-apartments/alba-zetland-499-botany-road-zetland">ALBA development</a> next door at 499 Botany Road.

<a href="/new-apartments/luna-499-botany-road-zetland">LUNA</a> comprises 230 one, two, and three-bedroom apartments and penthouses spread across a ten-level building designed by <a href="/builders/mhn-design-union">MHN Design Union</a>.

<img alt="LUNA" data-entity-type="file" data-entity-uuid="eb69c14c-7a65-458a-8604-c89ff0e22b9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-20%20at%202.48.32%20pm.png?VersionId=79dVxNJvuWnRERr177NKAHyyNne_sWBy" />

The building's facade is characterised by striking masonry columns reminiscent of the Heritage Architecture that was once prevalent in the neighbourhood.

Each apartment features open living and dining areas leading to deep balconies with district outlooks, complemented by oversized windows flooding the space with natural light and framing neighbourhood views.

<img alt="LUNA Zetland" data-entity-type="file" data-entity-uuid="53a112fe-9fa0-4ef5-a3fd-fd0cbcfcc245" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-20%20at%202.48.21%20pm.png?VersionId=DMn1IQihMJ7scKU5NlRIYufI6W_OZBDV" />

The master bedrooms are oriented towards open spaces, maximising exposure to sunlight and breezes.

LUNA will offer a variety of amenities, including a 700 sqm landscaped rooftop terrace with BBQ facilities, a community lounge, a shared EV charging station, and a pet wash bay.

<img alt="LUNA" data-entity-type="file" data-entity-uuid="8b642ba8-5be2-47dc-8b84-14a661c749d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-20%20at%202.48.14%20pm.png?VersionId=.eZpkPTwe4yphJWWk857rqvde.OKgd0p" />

The <a href="/new-apartments/zetland-nsw-2017">Zetland apartment development</a> is strategically located near Gunyama Park Aquatic &amp; Recreation Centre, Drying Green Park, and Green Square's primary school, with easy access to the Green Square Train Station.

Under construction by <a href="/builders/westbourne-constructions">Westbourne Construction</a>, LUNA is slated for completion in Q3 2024.

<a href="/developers/bridgehill-group">Bridgehill Group</a>&nbsp;has over $2 billion worth of development either complete or under construction. They have a portfolio of 1,800 residences either completed or under development.

Under construction by Westbourne Construction, LUNA is slated for completion in Q3 2024

Bridgehill Group release latest instalment of Zetland precinct, LUNA

Joint venture partners Central Element and Develotek have broken ground on their luxury Drummoyne harbourfront apartment development, Bianca Drummoyne.

iCIRT-rated Sydney builder <a href="/builders/trescon">Trescon</a> will deliver what will be Central Element's first project in the inner west. <a href="/new-apartments/bianca-drummoyne-2c-2d-wolseley-street-drummoyne">Bianca Drummoyne</a> will comprise just 12 three and four-bedroom waterfront residences.

Bianca is the first new waterfront project to be released in Drummoyne since 2020, located in an elevated position on the northern edge of the peninsula with water views of <a href="/new-apartments/drummoyne-nsw-2047">Drummoyne</a> Bay, out to the harbour and the city skyline.

[smartcode_project:default project_id=139660 project_image_fid=253656]

&nbsp;

&nbsp;

Trescon has strong experience across a diverse portfolio of projects with a passion for high-end luxury residences. They restored and renovated a 1928 Wunulla Road, Point Piper residence led by architect Richard Stanisich which sold for $69 million.

Multi-disciplinary architecture and design firm <a href="/architects/sjb-architects">SJB</a>, one of Central Element's long-standing design partners having also designed Pienza Neutral Bay and Ethos Chatswood, handled the architecture at Bianca.

[smartcode_project:default project_id=139660 project_image_fid=253659]

Nathan Chivas, Managing Director of <a href="/developers/central-element">Central Element</a>, said CE seek out exceptional sites in premium suburbs to build luxurious living spaces of the highest quality that establish new benchmarks for their respective areas.

"It is important that we have partners who really share in our vision, and we have no doubt that with Develotek, Trescon and SJB on board, we will create something truly remarkable with Bianca.”

Read more:&nbsp;<a href="/news/nsw/the-story-behind-central-elements-push-for-ultra-luxury-in-sydneys-best-suburbs-five-minutes-with-managing-director-nathan-chivas">The story behind Central Element's push for ultra-luxury in Sydney's best suburbs: Five minutes with Managing Director Nathan Chivas</a>

Local downsizers and empty nesters have been the most active buyer groups since the project release given the house-size proportions of the apartments, most exceeding 200 sqm.

[smartcode_project:default project_id=139660 project_image_fid=253661]

The apartments offer&nbsp;expansive state-of-the-art kitchens, butler’s pantries and secondary living spaces. Bianca’s rare north-facing position optimises harbour views, with residences boasting 10-13 metres of water frontage.

Recent sales have set record prices for luxury harbourside apartments in Drummoyne, averaging over $40,000 per square metre.

The first release of Bianca is now sold out, with the second release featuring a selection of three and four-bedroom residences now selling through McGrath's agents Tracey Dixon and Rob Alfeldi.

Completion for Bianca is anticipated for mid to late 2025.

[smartcode_project_cta:default project_id=139660]

Completion for Bianca Drummoyne is anticipated for mid to late 2025.

Central Element break ground on Bianca Drummoyne

Hotham Hill in North Melbourne is one of the city's most historic pockets.

The elevated area near Flemington Bridge Station and Flemington Road Cricket Oval was originally known as Hotham Heights, named after Sir Charles Hotham, who served as the Governor of Victoria in the mid-19th century.

The area has long been characterized by its oversized land lots, terrace houses, and&nbsp;Victorian-era architecture.

Seldom does an opportunity come along to buy into the exclusive pocket, which makes Mainstone's newest project, Hotham Hill, named after the area, all the more rare.

The family-ran developer&nbsp;<a href="/developers/mainstone">Mainstone</a> is offering just 10 three-bedroom apartments in the boutique three-level building designed&nbsp;by&nbsp;<a href="/architects/mgs-architects">MGS Architects</a>.

[smartcode_project:default project_id=112765 project_image_fid=200559]

Set on the wide, tree-lined Curran Street in <a href="/new-apartments/north-melbourne-vic-3051">North Melbourne</a>, Hotham Hill showcases a sustainable biophilic design paying homage to North Melbourne's residential fabric.

Asymmetrical rooftops echo nearby heritage homes, and the use of classic, durable materials strikes a balance between timeless and modern design.

&nbsp;

[smartcode_project:default project_id=112765 project_image_fid=200571]

The interiors are light-filled, following an open plan design that merges the indoors with the outdoors, with generously proportioned balconies and terraces adjoining each.&nbsp;

The kitchens are positioned as the heart of the homes, featuring bespoke cabinetry, natural Carrara marble benchtops and splashbacks, Miele appliances, designer tapware, a generous&nbsp;island bench and a butler's pantry. There are a number of customisation packages available which can include a bar area or an upgrade in appliances.

[smartcode_project:default project_id=112765 project_image_fid=200558]

The master bedroom, with walk-in wardrobe, have pure wool carpets, while the bathrooms feature&nbsp;an oversized shower with floor-to-ceiling tiles, double vanities and custom curved mirrors. A free-standing bathtub acts as a centrepiece for selected residences.

An indoor walk monitor and mobile phone connectivity allow residents the option to remotely grant lobby access to visitors and for deliveries. Selected residences also feature a lockup double garage.

[smartcode_project:default project_id=112765 project_image_fid=200570]

<a href="/new-apartments/hotham-hill-north-melbourne-5-curran-street-north-melbourne">Hotham Hill</a> boasts an average 7-star energy rating, using 80 per cent less energy courtesy of 20kw plus solar panels connected to a cutting-edge SolShare system, as well as energy-efficient appliances, fixtures and fittings.&nbsp;

The building is also designed to feature dual aspects with double glazing for cross ventilation, and include rainwater harvesting for garden irrigation and toilet flushing.

Construction at Hotham Hill is underway, with completion slated for late 2024.

[smartcode_project_cta:default project_id=112765]

Construction at Hotham Hill is underway, with completion slated for late 2024

Rare opportunity to buy in North Melbourne's Hotham Hill precinct

Development in Noosa, one of the most popular coastal enclaves in the country, has become almost impossible given the property boom the suburb has seen over the last five years.

Even Noosaville, the neighbouring suburb of waterways next to Noosa, has seen land values shoot up, particularly since the onset of the pandemic.

Fund manager and developer <a href="/developers/capital-prudential">Capital Prudential</a> has found a sweet spot in <a href="/new-apartments/noosaville-qld-4566">Noosaville</a>, just two kilometres from Noosaville's Gympie Terrace activity centre and six kilometres to the popular Hastings Street on the beachfront.

They've recently launched <a href="/new-apartments/26-headland-drive-noosaville">JURA Noosa</a>, a collection of just 38 townhomes designed by Blackwood Architecture, offering one of just a handful of new developments the area has seen in recent years and is likely to see going forward.

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The townhomes are tucked away on Headland Drive. The unusually shaped 6322 sqm site, an amalgamation of four adjoining properties, allows for the townhouses to be set back from the street, providing both privacy and security, as well as convenient access to the street which runs up to the riverfront Hilton and Gympie Terrace.

JURA is strategically located within&nbsp;walking distance of various cafes, coffee shops, and restaurants.

Gympie Terrace, lined with restaurants and cafes overlooking the river, and Thomas Street and Weyba Road overlooking Lake Weyba offer the closest dining options like the Noosa Boathouse, Amo Gelato Caffe, and 250 Grammi Food &amp; Wine Bar.

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Gympie Terrace also features an eclectic mix of fashion outlets, bookshops, surf gear stores, spas, beauty salons, wellness studios, homeware shops and gift stores.&nbsp;

The Noosaville Industrial Estate showcases showrooms with locally-made designer clothes, shoes, skincare products, homewares, hipster haircuts, furniture, recycled treasures and craft breweries.

Noosa Civic is also in the Noosaville locale, just five minutes from JURA. That's the focal point of the wider Noosa region, with major stores like Woolworths and Big W, and a further 8,000 sqm of specialty retail stores.

Staying in Noosaville is the&nbsp;nearby Noosa Springs Golf &amp; Spa Resort, one of the most popular courses in the area.

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Hastings Street, less than a 10-minute drive, of course homes Noosa finest retail and hospitality.

Some of the highest-rated restaurants on Hastings Street include Knock Knock Noosa, Oakberry Acai, Season Restaurant &amp; Bar, and Betty's Burgers.

Hastings is easily accessible both by car and ferry. The Noosa Ferry conveniently stops at various points in the Noosaville area on its journey between Hastings Street and Noosa Marina, the latter being four minutes from JURA..

&nbsp;

In addition to its central location, JURA residents can enjoy various outdoor activities, including exploring the 3,000-hectare National Park around Lake Weyba, going north to enjoy the white sands of Noosa Heads Main Beach or further south to hike at Emu Mountain or swimming and surfing at Peregian Beach and Coolum Beach.

The Noosa River's two-kilometre grassy foreshore with scenic water views and shaded trees provides an ideal setting for those who prefer relaxing family and pet-friendly picnics instead. A&nbsp;diverse range of watercraft can be quickly hired along the Noosa River.&nbsp;

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Excellent connectivity is also a highlight for JURA, which is located 15 minutes from the Bruce Highway and only a 30-minute drive to the Sunshine Coast Airport.&nbsp;

Young families will also appreciate JURA's proximity to several private and public primary and secondary schools. Good Shepherd Lutheran College, Noosaville State School, and St Teresa's Catholic College are all within two kilometres from the property.&nbsp;

The Noosaville Library and Noosa Community Gardens are just a 10-minute walk away, while the Noosa Hospital is just a three-minute drive from JURA.

JURA comprises&nbsp;38 two-bedroom single-level residences and dual-level townhomes. The properties feature light-filled, open-plan living spaces seamlessly connected to spacious balconies and terrace courtyards, ideal for entertaining in Queensland's subtropical climate.

&nbsp;

360 Queensland's Jeremy Gilmore is marketing JURA.

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&nbsp;

JURA comprises 38 two-bedroom single-level residences and dual-level townhomes.

How JURA Noosa takes advantage of one of Queensland's most popular coastal towns

Elsternwick's newest apartment development, EVA Elsternwick Village Apartments, strikes a chord between those who seek a simple commute into the city and those who want to be immersed in nature.

EVA, the 101-apartment development on Glen Huntly Road by Pitard Group, offers both, being just 130 metres road from <a href="/new-apartments/elsternwick-vic-3185">Elsternwick</a> Station and high above the surrounding treetop canopy.

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The location has been one of the biggest draw cards at EVA, with buyers drawn to the&nbsp;Glen Huntly Road location not only for the proximity to the station, bus and tram stops, but also to the diverse retail and dining strip that forms Elsternwick Village.

Notable dining destinations include award-winning Attica, renowned for chef Ben Shewry's innovative Australian cuisine, and the cult favourite Bang Bang, serving up French-South East Asian fusion, just a stone's throw away.

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Residents can also conveniently shop for their essentials with a short, nine-minute walk to the nearby Coles from EVA.

Besides the urban amenities, residents are surrounded by nearby green spaces like Elsternwick Park, a four-minute walk from EVA, and the heritage-listed Rippon Lea Estate, just ten minutes away.

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EVA is also within 700 metres of several educational institutions, such as Elsternwick Primary School, Sholem Aleichem College, St Joseph's School, Adass Israel School, Caulfield Grammar School, and Shelford Girls' Grammar.

Residents benefit from close access to quality medical care, with Caulfield Hospital just a brief four-minute drive from EVA.

<a href="/buildings/eva-elsternwick-village-apartments-241-glen-huntly-road-elsternwick">EVA Elsternwick Village Apartments</a>&nbsp;is already completed and ready to move in.

[smartcode_project_cta:default project_id=93073]

The location has been one of the biggest draw cards at EVA, with buyers drawn to the Glen Huntly Road location not only for the proximity to the station, bus and tram stops, but also to the diverse retail and dining strip that forms Elsternwick Village

Treetops and transport: EVA Elsternwick Village Apartments prime location

Project marketers in Sydney are expecting a strong 2024 in the off-the-plan apartment development space.

2023 was one of mixed fortunes in Sydney, given the harbour capital boasts the highest median unit price of any capital by some margin. Impact from rising interest rates is understandably felt more when the price of the property is higher. Buyers at what had previously been entry-level, around the $600,000 mark in most areas within 10 kilometres of the city, were being told they might only now be able to spend $500,000, given the rapid rise in interest rates.&nbsp;

There was a lot of sitting on the fence, particularly from the downsizer market who often aren't in a great hurry to list their family home. They see downsizing as more of a necessity and tend to take longer in their purchasing decisions given their next buy will be more their 'forever home' than the last.

Despite some barriers to entry and hurdles to overcome in 2023,&nbsp;positive sentiment is creeping back into the market. Project marketers are saying that prospective buyers are starting to get wise that, off the back of inflation data and forecasts of the first RBA rate cut later this year, the market is about to boom again.

While those drivers tend to be more closely tied to the established market, a boom there will see the price difference between off-the-plan projects and established housing grow further, making it even more difficult than it already is to buy property in Sydney.

There's the belief that 2024 is going to be a good year for the off-the-plan market, driven by buoyed consumer confidence and the growing gap between supply and demand.

CBRE Managing Director Dave Milton said across the board they're seeing a lot of new enquiries from prospective buyers that they haven't spoken to previously.

"There's an uptick of people who have just started looking and will be looking to transact at some point in 2024," Milton says, adding that enquiry is coming from every demographic, even the expat market in some of their more luxury projects.

Milton says there's been strong buyer demand at Deicorp's <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> in <a href="/developments/norwest-nsw-2153">Norwest</a>, and <a href="/new-apartments/abbies-lane-8-mccarthy-lane-annandale">Abbie's Lane</a> in <a href="/developments/annandale-nsw-2038">Annandale</a>, of which Milton says is assisted by the starvation of stock in the inner-west.

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CBRE will be launching Deicorp's new Melrose Park masterplan later this year, a project that Milton says will somewhat help alleviate the current supply crisis Sydney is facing.

<a href="/project-marketer/colliers">Colliers</a> National Director Residential Blake Schulze&nbsp;says buyers have started to enquire, inspect displays, and most importantly transact, since returning from the summer holidays post Australia Day.

"Those that were actively reserving apartments in the lead up to Christmas have now gone through to unconditional sale, while those who were browsing at Christmas are starting to come down to the displays. Then there's a third cohort who are coming in fresh, assisted by the recent economic data suggesting there will be a rate cut later this year."

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Schulze says demand has been far-ranging.

"We're seeing demand across a broad selection of projects, which is always a good sign. It's not just certain markets or locations. A whole range of buyer types are now participating in the off-the-plan space."&nbsp;

<a href="/project-marketer/mcgrath-projects">McGrath Projects</a> Associate Director Adam Sparkes, who is marketing <a href="/buildings/grand-reve-castle-hill-8-18-garthowen-crescent-castle-hill">Grand Reve</a> in <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> as well as <a href="/new-townhouses/yarrabee-152-166-narrow-neck-road-katoomba">Yarrabee</a> in <a href="/developments/katoomba-nsw-2780">Katoomba</a> and <a href="/new-apartments/dara-41-43-kildare-road-blacktown">DARA</a> in Blacktown, says all projects, which offer a very diverse range of stock, are getting results.

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"We had good enquiry over the holidays and that's now resulting in sales," Sparkes says of all of his projects.

All the three-bedroom plus study apartments at Grand Reve have been sold, the final one being picked up late last year, so now the attention has moved to the four-bedroom apartments.

Downsizers are showing the most interest at Grand Reve, which is on track for completion later this year. iCIRT-rated building DASCO, on behalf of developer Kassis Homes, has nearly topped out one of the two buildings. Sparkes says the later stages of construction tend to draw downsizers compared to the early stages.

"They're typically the later apartments to go when the building is approaching completion, as downsizers can see a firm and more accurate end date on the project. They can start to engage agents, work out the best time to sell, and move into the apartment after the sale of their family home," Sparkes says.

[smartcode_project:default project_id=94147 project_image_fid=203070]

"We've had downsizers start to look at the four-bedroom apartments at Grand Reve, after selling out all of the three-bedroom plus study apartments late last year.

<a href="/project-marketer/ray-white">Ray White</a> Partner Marcello Bo, who is handling sales at <a href="/developers/stargate-property">Stargate</a>'s <a href="/new-apartments/the-centennial-collection-east-sydney-2-nelson-street-bondi-junction">Centennial Collection</a> in <a href="/developments/bondi-junction-nsw-2022">Bondi Junction</a>, says overall sentiment with buyers is stronger.

"In terms of availability, we're still finding it quite limited," Bo says, adding that it's been the higher price stock which has proven the most popular and has been the easiest to sell.

[smartcode_project:default project_id=136076 project_image_fid=212620]

"With talk of interest rates dropping and the fact they're holding is bringing a lot more confidence. The owner-occupier market is healthy, and that confidence will only increase through 2024."

Ray White has just released a handful of two-bedroom apartments facing the park, as well as the last three-bedroom apartments with city and harbour views.

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