<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.

[smartcode_project:default project_id=140747 project_image_fid=367540]

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.

[smartcode_project:default project_id=140747 project_image_fid=367529]

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.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

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

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

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

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

Ellen Walker

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

The first stage of Willoughby Grounds, a community-style project with unique architecture reflecting the industrial history of Sydney’s lower North Shore, has hit the market.

<a href="/new-apartments/willoughby-grounds-5-walter-street-willoughby">Willoughby Grounds</a>, which is being developed by First Quadrant Properties along with funding partner <a href="/developers/qualitas">Qualitas</a>, comprises five distinct buildings, each with their own architectural style and interior design.&nbsp;

Just 164 apartments will be spread across the five buildings designed by Mo Chehelnabi from Architecture Urbaneia, with only 30 to 35 units in each.

“When designing Willoughby Grounds we wanted to foster a sense of community by giving a nod to the past and you’ll see each of the residential buildings with its own unique design style,” says Adam Reeves, Director of Sales and Marketing at <a href="/developers/first-quadrant-properties">First Quadrant Properties</a>.

[smartcode_project:default project_id=135512 project_image_fid=251209]

"Whilst the project has 164 apartments in total&nbsp;the individual buildings each contains 30-35 units meaning good separation with most apartments having dual aspects to maximise natural light and ventilation," Reeves says.

“People want to know their neighbours these days and feel like they’re part of their own community."

Each building contains design features that recognise the unique industries that used to exist in the Willoughby area; tanneries, pottery, blacksmiths, logging and brickworks.&nbsp;The design brief was to allow the multi-layered architecture and flourishing natural landscape work in unison to create a sense of serenity and connection to place.

[smartcode_project:default project_id=135512 project_image_fid=251210]

Face brickwork, metal cladding and concrete framing interacts with the surrounding greenery and inclusion of jacaranda trees - for which the lower North Shore is famous for.

<a href="/architects/dko-architecture">DKO</a> has handled the interiors of the apartments which feature&nbsp;European oak floors, stone and marble benchtops, Miele or Gaggenau appliances, Parisi tapware and integrated fridges.

“We wanted to build a residence that actually enhanced the neighbourhood around it,” Reeves added.

“It’s quite different to the singular, imposing structures that dominate much of the Sydney residential landscape at the moment.”

[smartcode_project:default project_id=135512 project_image_fid=251214]

The first stage of the project features the release of apartments in the Fleming building which is designed to reflect the tanneries from the 1800s.

For nearly 90 years Willoughby was known for its tanneries with as many as 15 tanning pits operating at the one time.

The development is expected to appeal to a wide range of buyers due to its floorplans of up to 173 sqm. There are some large four bedroom apartments on offer, as well as three-bedroom apartments with three aspects. Some of the larger apartments have the unique feature of sharing no common walls.

[smartcode_project:default project_id=135512 project_image_fid=251213]

Ray White's Director of Projects and Developments Tim Abbott says there's not often this type of product on the market.&nbsp;

“We don’t often see 4 bedroom units available on the lower North Shore and I think there will be strong interest from families and downsizers for these,” Abbott says.

“The kids playground in the common area will be a real attraction to families who&nbsp;will see the larger apartments as an alternative to buying a house in the area given the convenience of living so close to the CBD, without being in a high-rise development.

&nbsp;“With so many parks, gyms, cafes and other amenities in the immediate local areas of <a href="/new-apartments/willoughby-nsw-2068">Willoughby</a>, <a href="/new-apartments/northbridge-nsw-2063">Northbridge</a> &amp; <a href="/new-apartments/crows-nest-nsw-2065">Crows Nest</a>, the project has been designed to ensure the strata fees are low which will appeal to both owners occupiers and investors too."

First Quadrant has the iCIRT-rated builder DASCO currently constructing the project. The first&nbsp;apartments will be ready later this year, and the rest by mid-2025.&nbsp;

[smartcode_project_cta:default project_id=135512]

The first stage of the project features the release of apartments in the Fleming building which is designed to reflect the tanneries from the 1800s.

Willoughby Grounds launches, merging architecture and history in Sydney's lower North Shore

Boutique townhouse developer Sloane Property Group has seen a great response to their architecturally-striking townhouse development in Mentone on Melbourne's Port Phillip Bay.

They've now just 50 per cent remaining of the 10 townhouses, with demand coming both locally and from out of town.

There was one expat purchaser, a successful business person, who secured one of the townhomes, having previously secured an off the plan townhouse designed by <a href="/architects/megowan-architectural">Megowan Architectural</a> a few years ago.

<a href="/project-marketer/jellis-craig-projects">Jellis Craig Projects</a> Director Stephen Bowtell, who is selling Kindred <a href="/new-townhouses/mentone-vic-3194">Mentone</a>, said the buyer knew the quality of the designs Chris Megowan puts together, while the track record of Sloane added further confidence.

[smartcode_project:default project_id=138768 project_image_fid=214858]

Each townhouse at&nbsp;<a href="/new-apartments/kindred-mentone-25-brindisi-street-mentone">Kindred</a>&nbsp;has&nbsp;three bedrooms, while a select few feature rooftop decks which take in views over the suburb.

They all have oversized double lock up garages, ideal for a home gym or to store bikes and paddle boards

[smartcode_project:default project_id=138768 project_image_fid=214862]

Adam <a href="/developers/sloane-property">Sloane</a>, Sloane Director, said it's been a great response from the market.

"We've had over 600 enquiries at the project, in an area not particularly well known for off the plan development," Sloane says.

"With a 100 per cent track record of delivering townhouse, and the fact it's getting harder and harder to make projects stack up now, it gives our buyers confidence to move ahead with a purchase."

[smartcode_project:default project_id=138768 project_image_fid=214860]

The location of Kindred has been one of the key selling points.

Located on Brindisi Street directly opposite a reserve with an oval, playground, and a garden, Kindred is just a few streets away from Mentone Beach, Mentone Racecourse Reserve, and Mentone's local retail strip, Mentone Parade.

<a href="/news/vic/the-coastal-charm-of-mentone-where-lifestyle-meets-location">The coastal charm of Mentone: Where lifestyle meets location</a>

The sales success has triggered Sloane to appoint local builder Level 10 who specializes in townhouse developments. They will kick off construction within the next few weeks, with a completion date expected toward the end of 2025.

Sloane has created a niche of developing architecturally-driven townhouses across Melbourne. Sloane and Megowan have worked on a number of projects together over the last decade with a 100 per cent delivery rate.

[smartcode_project_cta:default project_id=138768]

The sales success has triggered Sloane to appoint local builder Level 10 who specializes in townhouse developments

Half of Sloane's Kindred Mentone townhouses spoken for as architecture draws buyers

Adelaide construction firm Sarah Group has struck a chord with buyers at their luxury and sustainable Norwood apartment development, The Osmond.

They've sold half of the 23 <a href="/architects/aplin-cook-gardner">Aplin Cook Gardner</a>-designed apartments on Osmond Terrace in <a href="/new-apartments/norwood-sa-5067">Norwood</a>, just a few streets east of the Adelaide CBD.

<a href="/new-apartments/the-osmond-82-osmond-terrace-norwood">The Osmond</a>&nbsp;<a href="/new-apartments/norwood-sa-5067">Norwood</a>&nbsp;development comprises&nbsp;two, three, and four-bedroom apartments with tree-framed city views to the west and the <a href="/new-apartments/adelaide-sa">Adelaide</a> Hills to the east.

Hitting the 50 per cent milestone recently, SARAH Group, who employs around 500 people, is ready to start the build through its construction arm, Sarah Build.

<img alt="The Osmond Spotlight" data-entity-type="file" data-entity-uuid="1e1bcc8a-aaee-451e-8503-12ecf81ed90a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Osmond%20Kitchen.png?VersionId=2wqIX3PMqGSPksGrVH7Tc5WVLvDYCTDE" />

The Osmond interiors blend subtle tones and natural textures to create an elegant yet warm and inviting atmosphere.&nbsp;

With optional upgrades available, residents have the opportunity to personalize their living spaces according to their tastes and preferences and choose from two distinct interior material palettes.

Double-glazed doors and windows, merging indoor and outdoor living spaces, ensure that every apartment maximises natural light.

The Osmond has been designed&nbsp;for an environmentally sustainable future, with LED and smart lighting on sensors, as well as water-efficient plumbing fittings and energy-efficient appliances, including air conditioning.

The Osmond is aiming for a 7-star rating or better under the Nationwide Housing Energy Rating Scheme.&nbsp;

The environmental impact will be minimised through features like twin garbage chutes supporting waste management with zero landfill goals and a solar system that feeds power back into the building's common areas.&nbsp;

<img alt="​​The Osmond Spotlight" data-entity-type="file" data-entity-uuid="add1f24c-bef4-4da0-bdbd-238a7e026414" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Osmond%20Entrance.png?VersionId=nuUTT7pc0CUOUj1mxAvII_z_wXA_7E59" />

Residents can also opt for an electric vehicle charging station. Parcel lockers are available in The Osmond's podium entrance.

Strategically located at 82 Osmond Terrace, The Osmond places residents on the doorstep of urban shopping. The Norwood Place shopping mall is a mere eight-minute walk west, offering a myriad of retail therapy.

&nbsp;

The Osmond is slated for completion by the end of 2025.

[smartcode_project_cta:default project_id=143678]

Hitting the 50 per cent milestone recently, SARAH Group, who employs around 500 people, is ready to start the build

The Osmond hits 50% sold as construction commencement approaches

First home buyers and investors have been drawn to Ellipse Property's $850 million Castle Hill masterplan, Carrington Place.

One of the driving factors of the success of their first stage release, Atrium, has been the projects proximity to the future Hills Showground Station, located directly opposite the large 3.2-hectare community.

Carrington Place Project Director Joe Chiha says&nbsp;apartments surrounding <a href="/news/nsw/the-impact-the-sydney-metro-has-had-on-castle-hill-apartment-prices-and-suburb-gentrification">Metro Stations are predicted to outperform similar projects</a> in neighbouring suburbs by up to 20 percent recent research has shown.

“As the premium suburb in the Hills District, <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> is poised to see the lion’s share of that uplift. Apartment prices have grown in the suburb by 72% in the last 10 years," Chiha says.

“Rental returns in Castle Hill are expected to be averaging over 4% which is an attractive return for investors."

[smartcode_project:default project_id=89496 project_image_fid=216768]

Carrington Place’s first residential stage,&nbsp;Atrium, comprises 151 apartments within one mid-rise eight storey building, which forms the gateway to the <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> precinct and offers a range of amenities. Residents will have access to rooftop recreational spaces that provide views of the surrounding landscape and overlook the tranquil Cattai Creek.

Uniquely, the precinct will also be home to over 20,000 sqm of recreational space including outdoor gyms and wellness areas as well as lush gardens, conceived by landscape architect Site Image Landscape Architects, making it one of the greenest masterplanned communities in the Hills district.

[smartcode_project:default project_id=89496 project_image_fid=216765]

PRD Norwest Director David Inkster, who is managing sales for the project, says the team had seen a strong response from first home purchasers and investors who are mindful of the opening of the Metro Line and are keen to secure early pricing.

“Carrington Place is an ideal development for those looking to secure their first property as well as investors looking for tenants who are professionals attracted by the convenience of the shortened commuter time on the fast driver-less trains to the CBD – opening in mid-2024," Inkster said.

“Atrium's multi-staged development is poised for consistent price increases, anticipated significant appreciation by the project's scheduled completion date Q3 2025. Interested purchasers should act now to enjoy the benefits of future growth."

[smartcode_project:default project_id=89496 project_image_fid=216764]

Once completed, Carrington Place&nbsp;will comprise 771 apartments built across five eight to 12-storey buildings.&nbsp; Residences will include a mix of one, two and three bedroom apartments.

Designed by award winning architectural firms in a collaboration between&nbsp;Tony Owen Partners&nbsp;together with&nbsp;Stanisic Architects, the buildings have been sensitively designed to immerse with its surrounding natural landscapes while complementing the curve of the tranquil Cattai Creek which runs along the western border of the development.

[smartcode_project:default project_id=89496 project_image_fid=216770]

A key feature of the project will be a one-kilometre boardwalk running the length of the Cattai Creek connecting to Fred Caterson Reserve, a 58-hectare local reserve featuring picnic tables, children’s playgrounds, along with multiple sports facilities.

The Hills Shire Council has a 30-year vision for the redevelopment and revitalisation of the Castle Hill Showground Precinct, located directly opposite the Carrington Place project, planned to create a&nbsp;new 15-hectare entertainment and recreation hub&nbsp;including a variety of community, arts, sporting and leisure activities. The iconic Showground site will become the primary civic space for a new precinct of the future local Hills communities.

Located directly opposite the Hills Showground Metro Station, residents of Carrington Place will have access to Sydney’s CBD, <a href="/new-apartments/chatswood-nsw-2067">Chatswood</a>, <a href="/new-apartments/north-sydney-nsw">North Sydney</a>, <a href="/new-apartments/macquarie-park-nsw-2113">Macquarie Park</a>&nbsp;and Norwest Business Park. With trains operating every four minutes in peak hour in each direction, residents are offered the highest convenience on Australia’s first driverless railway.

Construction is planned to commence imminently with Atrium due for completion in Q4 2025. The entire five-stage precinct is due for completion in 2032.

[smartcode_project_cta:default project_id=89496]

Construction is planned to commence imminently with Atrium due for completion in Q4 2025. The entire five-stage precinct is due for completion in 2032

First home buyers and investors drawn to Carrington Place, Castle Hill masterplan

The RBA statement accompanying the February 2024 announcement

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35&nbsp;per&nbsp;cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25&nbsp;per&nbsp;cent.

<h3>Inflation continues to moderate but remains high.</h3>

Inflation continued to ease in the December quarter. Despite this progress, inflation remains high at 4.1&nbsp;per&nbsp;cent. Goods price inflation was lower than the RBA’s November forecasts. It has continued to ease, reflecting the resolution of earlier global supply chain disruptions and a moderation in domestic demand for goods. Services price inflation, however, declined at a more gradual pace in line with the RBA’s earlier forecasts and remains high. This is consistent with continuing excess demand in the economy and strong domestic cost pressures, both for labour and non-labour inputs.

Higher interest rates are working to establish a more sustainable balance between aggregate demand and supply in the economy. Accordingly, conditions in the labour market continue to ease gradually, although they remain tighter than is consistent with sustained full employment and inflation at target. Wages growth has picked up but is not expected to increase much further and remains consistent with the inflation target, on the assumption that productivity growth increases to around its long-run average. Inflation is still weighing on people’s real incomes and household consumption growth is weak, as is dwelling investment.

<h3>The outlook is still highly uncertain.</h3>

While there are encouraging signs, the economic outlook is uncertain and the Board remains highly attentive to inflation risks. The central forecasts are for inflation to return to the target range of&nbsp;2–3&nbsp;per&nbsp;cent in 2025, and to the midpoint in 2026. Services price inflation is expected to decline gradually as demand moderates and growth in labour and non-labour costs eases. Employment is expected to continue to grow moderately and the unemployment rate and the broader underutilisation rate are expected to increase a bit further.

While there have been favourable signs on goods price inflation abroad, services price inflation has remained persistent and the same could occur in Australia. There also remains a high level of uncertainty around the outlook for the Chinese economy and the implications of the conflicts in Ukraine and the Middle East. Domestically, there are uncertainties regarding the lags in the effect of monetary policy and how firms’ pricing decisions and wages will respond to the slower growth in the economy at a time of excess demand, and while the labour market remains tight. The outlook for household consumption also remains uncertain.

<h3>Returning inflation to target is the priority.</h3>

Returning inflation to target within a reasonable timeframe remains the Board’s highest priority. This is consistent with the RBA’s mandate for price stability and full employment. The Board needs to be confident that inflation is moving sustainably towards the target range. To date, medium-term inflation expectations have been consistent with the inflation target and it is important that this remains the case.

While recent data indicate that inflation is easing, it remains high. The Board expects that it will be some time yet before inflation is sustainably in the target range. The path of interest rates that will best ensure that inflation returns to target in a reasonable timeframe will depend upon the data and the evolving assessment of risks, and a further increase in interest rates cannot be ruled out. The Board will continue to pay close attention to developments in the global economy, trends in domestic demand, and the outlook for inflation and the labour market. The Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.

RBA keeps cash rate on hold as inflation continues downward trend

There's no stopping Brisbane in either the house or unit market.

January marked yet another month of gains of one per cent or over in both the house and unit market, while other capital cities show a few signs of growth softening, CoreLogic's Hedonic Home Value Index for January showed.

Brisbane's unit market, which incorporates both apartments and townhouses, jumped 1.1 per cent to be 13.6 per cent up in the last 12 months. Across 2023 the unit market gained 12.2 per cent.

The median unit value in Brisbane is now $568,000 and is approaching Melbourne's median of $608,000. Brisbane's median dwelling value (both houses and units), <a href="/news/qld/brisbanes-median-dwelling-price-overtakes-melbourne-after-staggering-price-growth-corelogic">overtook Melbourne</a> at the back end of last year, primarily driven by the housing market.

<h2>What's happening in Brisbane's off the plan apartment market?</h2>

Feedback from both agents and developers continues to be positive, with high enquiry volumes, high numbers coming through the door, and high conversions.

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Kokoda Property</a> is continuing to make sales at its <a href="/new-apartments/milton-qld-4064">Milton apartment development</a> <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>.

The Cottee Parker-designed tower with 144 apartments across 21 levels is fast approaching sell out, having only tentatively launched to the retail market.

The project has incredible amenity, centred on a rooftop wellness space with an infinity pool, a gym, infrared sauna, spa, plunge pool and yoga studio.

[smartcode_project:default project_id=139032 project_image_fid=231171]

Busy Woolloongabba developer Sarazin is too making strides in their latest project <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a>, in <a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a> on the fringe of the <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a> precinct.

Murcia, on Overend Road just 150 metres from The Gabba, has been one of Urban's most popular Brisbane apartment developments since it launched to the market in June 2023. The 18-level,187-apartment building is named after the Spanish city of Murcia, and has influences of the beachside city throughout its architecture and landscape design.

[smartcode_project:default project_id=135094 project_image_fid=214684]

Sarazin State Director Adam Rainbird says there's plenty of activity in the market, and the start of the year has seen it pick up again.

"We’re seeing a lot of buyers at our Murcia project either upsizing or downsizing locally," Rainbird says.

[smartcode_project:default project_id=135094 project_image_fid=214645]

"We’ve got a variety of owner-occupier stock which suits various different life stages of owner-occupiers.

"We’ve also had buyers from further afield who have their main home in Noosa or even far north Queensland but want a city base.

Rainbird says one of the big drivers of sales at <a href="/news/qld/a-front-row-seat-to-the-2032-brisbane-olympics-how-murcia-residences-is-set-to-take-advantage-of-woolloongabba-boom">Murcia is the location</a>, with the Cross River Rail a big infrastructure project which will connect future residents to the city in minutes.

He says underpinning the whole off the plan apartment market is a supply shortage, and it’s getting worse.

"If you have a good product on the market, there’s definitely the demand for it."

[smartcode_project:default project_id=135094 project_image_fid=214682]

<a href="/developers/holm-developments">Holm Developments</a> Founder and Director Godfrey Esmonde says what they're going to focus on in 2024 is providing confidence.

"I think confidence is the key for all aspects of the industry," Esmonde says.

"From a finance perspective the lenders are going to want to be confident in the products appeal, the developers ability and especially the selected builder. Being able to instil confidence in your lender will go along way to securing the necessary funding to get projects up and running. Doubts over any of the above may see projects stall even if on paper the returns look good."

He says from a sales perspective, it's about creating confidence in the market.

"Buyers want to be confident that the developer is competent and has a track record of delivering, they want to be confident the funding is available for the project so that it commences onsite and they want to be confident the builder is financially stable and will be there at the end of the project."

As far as how the market looks for 2024, Esmonde says the outlook is good with inflation slowing and rates possibly stabilising or reducing.

"I think there will be a surge in sales as people become more confident about the general financial outlook but I don’t think it will be a mad rush, too many people have been burnt recently or know someone who has and as such they will be more cautious about jumping in. Thus if you can&nbsp; instil that confidence you should be ahead of the pack to capitalise."

Holm is currently marketing <a href="/buildings/ascot-row-89-95-stevenson-street-ascot">Ascot Row</a>, just 14 luxury apartments on Stevenson Street in Ascot.

City Beat February 2024: Brisbane's 2023 property market gains continue into 2024

Gold Coast-based developer Monaco Property Group (MPG) has broken ground at the multi award-winning Isle of Capri project, Capri, with demolition now complete and civil works set to commence this week.

Being built by Greyburn Building Contractors, <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> represents the largest residential project <a href="/new-townhouses/isle-of-capri-qld-4217">in the suburb</a> in more than three decades occupying a prime 1.2-hectare site set to house 48 architecturally designed luxury villas.

[smartcode_project:default project_id=139511 project_image_fid=216115]

Greyburn Director John Kearney says Capri has been impeccably and thoroughly designed to the highest level of detail to ensure the high-end luxury project is delivered in line with buyer expectations.

“<a href="/developers/monaco-property-group">MPG</a> has spared no expense on the design and construction of Capri with meticulous attention to detail applied to every facet of the project in order to create a residential project that exudes quality and is built to stand the test of time,” Kearney says.

“The project combines the very best of high-end domestic construction within a solid concrete structure and suspended slabs utilised throughout the design which is not only testament to the expected longevity of the buildings, but the attitudes and culture behind its creation.

“As a Gold Coast-based company, Capri represents a very special project for our team and for our longstanding contractors and suppliers who also see it as a privilege to be involved in the construction of this landmark building.”

[smartcode_project:default project_id=139511 project_image_fid=214735]

Designed by global practice Plus Architecture and <a href="/developments/gold-coast-qld">Gold Coast</a> award-winning firm BDA Architecture, Capri offers two and three-level villas ranging in size from 241 sqm to 370 sqm with three and four-bedroom options available along with multi-purpose rooms, and secure double garages.

Capri offers an exclusive gated community surrounded by world-class resort-style resident-only amenities including a pool with submerged lounge chairs, sundeck, an outdoor dining terrace, a covered barbeque area and a residents lounge complete with kitchen, bar, TV, lounge and fireplace.

[smartcode_project:default project_id=139511 project_image_fid=213450]

With more than 60 percent of the project already sold, NPA Director Andrew Erwin says now construction has commenced at Capri the project will move full steam ahead.

“Capri has officially moved to the next phase meaning it’s on track to be welcoming residents in 2025,” Erwin says.

“With construction moving forward so quickly it has instilled a high level of confidence in our existing and prospective buyers and we expect the sales momentum to continue with buyers confident their new home will be ready to move into come 2025.”

[smartcode_project:default project_id=139511 project_image_fid=213455]

Remaining villas are selling from $2.19million

A Capri Open Day will be held this Saturday, February 3 from 10am-2pm with free coffee, gelato, and informative sessions on interior design and Gaggenau kitchen appliances. There will also be the opportunity to meet the developer and the builder with the chance to ask questions about the project.

[smartcode_project_cta:default project_id=139511]

Construction kicks off at luxury Isle of Capri villa development, Capri

Developer Luk's Investments is nearing completion of The Cullinan, its premier apartment development in Adelaide, with the final release of the remaining units to the market.

Over 85 per cent sold and set to complete in a matter of months,&nbsp;<a href="/new-apartments/the-cullinan-181-189-waymouth-street-adelaide">The Cullinan</a> will comprise 178 one, two, and three-bedroom apartments across 15 levels.

Designed by the acclaimed Gasparini Luk Architects, the development's exterior features striking hand-made brick columns cut from stone sourced from the nearby Adelaide Hills.&nbsp;

<img alt="The Cullinan Spotlight" data-entity-type="file" data-entity-uuid="2735a69d-84df-4b66-9b09-d08a4e7d8368" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Cullinan%20Balcony.png?VersionId=dlpkfYx4QIla.cz2ionuJnT3EuCN0lVf" />

The meticulous use of local materials not only creates an aesthetic that harmonises seamlessly with the surroundings but also establishes the building as a unique architectural piece.

Upon entering the grand lobby, residents are greeted by a soaring six-metre-high foyer.

The interiors, influenced by European design, have forever unobstructed views of Light Square as its backdrop.

The apartments offer open-plan living areas with floor-to-ceiling windows that frame views not only of the lush landscaping of Light Square but also of the Adelaide CBD and the Adelaide Hills and cast a warm glow over the kitchen and dining spaces.

The dining area has direct access to the balcony, ensuring a seamless indoor-outdoor flow for easy outdoor relaxation and hosting.

The kitchens are well-appointed with Miele appliances and natural stone finishes, while the private bathrooms boast floor-to-ceiling tiles.&nbsp;

<img alt="The Cullinan Spotlight" data-entity-type="file" data-entity-uuid="d2c86cd5-8fb8-4485-949d-0e12979f26ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Cullinan%20Kitchen.png?VersionId=ftLj54Opw0S.BTM_NNUOLJtDIFGRvIsa" />

The prospective resident will find the master bedroom with generous proportions, featuring a built-in robe and ensuite that assures privacy and ample storage for personal belongings. The other bedrooms also include convenient built-in wardrobes.

The Cullinan offers a range of kitchen and living upgrades, including a Miele wall-mount coffee machine and microwave, 900 mm Miele appliances, a Fisher &amp; Paykel French door integrated fridge, Herringbone timber floors, and an electric fireplace.&nbsp;

Standard features include Smart LED, intercom, and air conditioning, with optional home automation for electric curtains or blinds and audiovisual systems that can be controlled from the homeowner's smartphone.

The Cullinan fosters a communal lifestyle with two rooftop gardens featuring BBQ facilities and a jet pool.&nbsp;

Level One also boasts a raised pool, a fully equipped gymnasium, and a secured mail room for all residents to access.&nbsp;

The fully automated multi-stacking car park system ensures a safe, secure, fast, and hassle-free parking experience in Adelaide.

Located in the heart of the Adelaide CBD, The Cullinan is only an eight-minute walk to Chinatown, Central Market, and Adelaide High School, a nine-minute walk to the nearest tram stop, and a 15-minute walk to Rundle Mall.

The Cullinan is now under construction by IJ Projects, with estimated completion in March 2024.&nbsp;

Adelaide apartment development The Cullinan approaches completion as final apartments released

Malvern East is well known as one of Melbourne's establishment suburbs.

It's <a href="/news/vic/how-malvern-and-malvern-east-has-preserved-its-historical-character">retained a lot of its village charm</a>, with little to no development, and heritage houses lining the quaint and quiet streets.

It was this reason <a href="/developers/abadeen-group">Abadeen Victoria</a> saw <a href="/new-apartments/malvern-east-vic-3145">Malvern East</a> budding with opportunity for a luxury downsizer apartment development, which didn't encroach on the heritage buildings, but instead brought some modern flair to them.

Offering a limited selection of just seven luxury apartments, <a href="/content/abadeen-officially-announce-expansion-into-victoria-with-two-luxury-projects">Abadeen Victoria's debut Melbourne apartment development</a> positions itself as an exclusive new address tailored for individuals who value top-tier architecture, inviting interiors, and spacious floor plans in a highly desirable location near the vibrant Malvern East village.

Positioned just off Burke Road, Maléa's lower elevation grants a more intimate formal entrance. Boasting a double-height arrival hall, Maléa stands as a striking embodiment of contemporary architecture skillfully designed by the renowned architects at Ewert Leaf.

“The stoic, enduring form unites with a rich palette, combining textural brickwork, layered concrete planes, and sleek metalwork," Ewert Leaf Managing Director Will Leaf said.

"A suite of crafted details and subtle design cues unique to the project anchors the built form within the established architectural fabric."

[smartcode_project:default project_id=141969 project_image_fid=222393]

Full-height glazing throughout the development frames entrances to private gardens and terraces, while thoughtfully landscaped greenery softens the building's articulation and establishes a visual link to the iconic Central Park.

The interior design, also crafted by the team at Ewert Leaf, revolves around the concept of luxury urban living, brought to life by meticulously crafted floor plans that maximise connections between the interior and exterior spaces.

&nbsp;

[smartcode_project:default project_id=141969 project_image_fid=222407]

Abadeen Victoria Managing Director Andrew Leoncelli said they were&nbsp;thrilled about the connection between the inside and the exterior.

"We've worked really closely with John Patrick to get a great result here," Leoncelli said.

"The courtyards themselves have plenty of space for entertaining and also the opportunity to sit and relax with greenery that is well vegetated and really carefully designed."

[smartcode_project:default project_id=141969 project_image_fid=222404]

Inside, expansive kitchen, living and dining spaces feature a neutral palette enriched with figured natural stone and tonal timber flooring and joinery. Metalwork detailing strikes a tailored line to contemporary joinery forms.&nbsp;

Sustainability and environmental responsibility were also critical considerations in the design phase of Maléa, which aims to achieve a minimum 6.5-Star Green Energy Rating. This forward-thinking approach ensures Maléa is designed to meet future needs while promoting a greener lifestyle.

[smartcode_project:default project_id=141969 project_image_fid=222392]

The apartments at&nbsp;<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> will feature double glazing, concrete walls and floors, limited gas usage, rainwater harvesting, solar panels, and future electric vehicle battery storage provisions.

Located at 94 Burke Road, residents are just a short stroll away from the vibrant Malvern East village, within one kilometre from several public and exclusive private schools, and less than 30 minutes from Bayside beaches.

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> is scheduled for completion in mid-2025.

[smartcode_project_cta:default project_id=141969]

Maléa: A fresh contemporary approach to the historic Malvern East

Sekisui House Australia's $1 billion Norwest masterplan The Orchards is giving buyers the opportunity to live in one of the best locations in the thriving new suburb.

Norwest, which <a href="/new-apartments/norwest-nsw-2153">became a suburb in its own right in 2018</a>, is just over 30 kilometres northwest of Sydney and is well connected to the city with the Norwest Metro Train Station.

<a href="/developers/sekisui-house-australia">Sekisui's</a> fourth, most recent, and most prominent release at The Orchards is <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">Veue Central</a>. Veue Central follows stages <a href="/buildings/the-orchards-lumia-norwest-104-fairway-drive-norwest-nsw-2153">Lumia</a>, soon to be completed, as well as the completed <a href="/new-apartments/the-orchards-imperial-norwest-104-fairway-drive-norwest-nsw-2153">Imperial</a> and <a href="/new-apartments/the-orchards-aire-baulkham-hills-104-fairway-drive-baulkham-hills-nsw-2153">Aire</a> stages.

[smartcode_project:default project_id=140704 project_image_fid=241400]

The Orchards masterplan has been strategically located just&nbsp;800 metres from Norwest Metro Train Station. Residents will also have easy transport links to the Hills District and Sydney via the M7 and M2.

Designed by Crone Architects, Veue is built around a central garden connecting residents to parklands that extend from the eastern part of the site to the creek in the west.

Veue Central residents can indulge in a morning jog or bike around Norwest Marketown Lake's walking and bicycle tracks, or dog walks and family picnics in Horatio Park or Strangers Creek overlooking the lake.

[smartcode_project:default project_id=140704 project_image_fid=241412]

Across the Norwest Marketown Lake, just 600 metres from Veue Central, is the Norwest Business Park, which has grown into a full-service, self-sufficient area that serves as the location of a post office, banks, childcare centres, gyms, restaurants, bars and cafes.&nbsp;

The Business Park has grown to accommodate over 20,000 employees, with expansion expected to increase capacity to more than 35,000 workers.

The Business Park is also close to Norwest Marketown shopping mall, with a Woolworths, Coles supermarket and leading restaurants. Popular lakeside cuisine restaurants in the area are Italian restaurants Trevi Lakeside and Il Lago, Japanese restaurant Tokio Fans, The Seed Thai, and modern Indian restaurant Jheel.

[smartcode_project:default project_id=111509 project_image_fid=241359]

One of Australia’s best golf courses is also within an easy walk from Veue Central. The Castle Hill Country Club, nestled among 167 acres of open fairways and bushland, boasts a world-class par-72 championship golf course. The country club has also hosted significant golf events like the Australian PGA Championship. Members can golf, watch tournaments, or simply enjoy the extensive clubhouse amenities.

Families at Veue Central are within a five-kilometre radius of seven high schools and eleven primary schools, which include Bella Vista Public School, St Angela's Primary School, Glenwood High School and William Branwhite Clarke College.

When completed, Veue Central will be home to 210 apartments in the middle of The Orchards. Construction on Veue is expected to start in 2024, with completion slated for mid-2026.

Read more:&nbsp;<a href="/news/sekisui-house-australia-earn-4-star-icirt-rating">Sekisui House Australia earn 4-star iCIRT rating</a>

[smartcode_project_cta:default project_id=140704]

Sekisui's fourth, most recent, and most prominent release at The Orchards is Veue Central

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News