<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>

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?

In a significant stride towards completion, seasoned construction firm <a href="/builders/hamilton-marino">Hamilton Marino</a> has reached the 60 per cent construction mark at&nbsp;Chapter Ashburton, the exclusive apartment development by <a href="/developers/km-develop">KM Develop</a>.&nbsp;

Various construction milestones have been achieved, including the completion of level two lightweight steel installation and the commencement of fire and mechanical service rough-in to the basement and ground floor.&nbsp;

Subhead and sub-sill installation are in progress, while the concrete precast elements forming the structure have been completed. The project is gearing up for the roof installation, with 80 per cent of all floors already stripped out.

[smartcode_project:default project_id=105071 project_image_fid=230438]

Situated at 363-367 High Street, <a href="/buildings/chapter-ashburton-363-367-high-street-ashburton">Chapter Ashburton</a> comprises 24 meticulously designed one, two, and three-bedroom apartments.

Collaboratively designed by <a href="/architects/ewert-leaf">Ewert Leaf</a> and landscape architecture firm <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, the project emphasises a timeless aesthetic on its façade, integrating greenery for a symmetrical grandeur that harmonises with the surrounding streetscape. Tactile bricks and steel palisades ensure both quality and longevity in design.

Internally, the apartments boast carefully selected finishes and warm tones, creating a neutral canvas for personalisation. Spacious open-plan living areas, flooded with natural light from large windows, seamlessly extend to expansive outdoor entertaining spaces.

[smartcode_project:default project_id=105071 project_image_fid=198021]

Premium fixtures and fittings, such as European appliances and brushed nickel tapware, feature in the kitchens and the bathrooms.

Master bedrooms feature plush wool carpets and warm timber joinery, opening up to private balconies with serene green views. Ensuites continue the luxury theme with organic feature tiles, expansive walk-in showers, and freestanding bathtubs in select apartments.

[smartcode_project:default project_id=105071 project_image_fid=198016]

Residents of Chapter Ashburton will enjoy an array of amenities, including EV charging with individual power outlets for all resident car parking spaces, integrated parcel delivery through secure lockers, and a convenient dog wash bay for pet owners. Security measures, such as card access, remote control car park access, audio-video intercom, and CCTV security throughout, contribute to residents' peace of mind.&nbsp;

The project also meets BESS sustainability standards, incorporating initiatives such as a rainwater harvesting system for toilet flushing and irrigation.

A handful of two and three-bedroom apartments are available in Chapter Ashburton, ranging in size 103 sqm to 294 sqm. Prices start from $850,000.

Chapter Ashburton is on track for residents to move in by mid-2024.

[smartcode_project_cta:default project_id=105071]

A handful of two and three-bedroom apartments are available in Chapter Ashburton, ranging in size 103 sqm to 294 sqm



Buyers to move into Chapter Ashburton in 2024 as Hamilton Marino advances construction

Melbourne developer Beulah has received the green light for 23 eco-conscious townhomes in Brunswick, signifying the first permit of its calibre within the tightly held suburb since 2019.

The two storey development at 17-23 Hodgson Street, will be known as <a href="/new-townhouses/brunswick-established-23-hodgson-st-brunswick-vic-3056">Brunswick Established</a> and will sit behind the existing heritage facade onsite; seamlessly blending sustainable practices with rich heritage components to ensure the project adds to the rich cultural fabric that Brunswick is known and loved for.

Spanning a large 3,705 sqm site and designed by leaders in social and sustainable architecture Six Degrees Architects, Brunswick Established will also feature verdant common spaces inspired by traditional London Mews design, including a private laneway, landscaped courtyards and rooftop terraces.

The Phillipstown Precinct, dating back to the mid 1850’s and where Brunswick Established is located, is of regional historical significance as the oldest settled part of Brunswick, with part of the site housing one of the earliest clothing factories in Brunswick, Stephens &amp; Co. Clothing Factory, which was operational in the 1920’s.

<img alt="Beulah" data-entity-type="file" data-entity-uuid="1db2ac27-47bf-49ab-a574-7485d15ff766" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%201.04.17%20pm.png?VersionId=L8mjkoE6cBlsJhiCuVA5cFozb9c555_j" />

Sustainability is a core principle in this development, incorporating initiatives like recycling bricks, repurposing salvaged timber, and designing for waste reduction to create homes with a lighter carbon footprint. Additional features, such as solar panels, electric vehicle charging and rainwater harvesting, enhance resource conservation and overall environmental impact, offering substantial benefits to the end user.

Residents will have the choice of two, three or four bedroom townhomes, making it perfect for individuals in many different walks 
of life, let that be downsizers or growing families who will make up the fabric of this new community.

<a href="/developers/beulah">Beulah</a> Executive Director Adelene Teh said celebrating the diverse urban culture of Brunswick was a key element to the design brief to <a href="/architects/six-degrees-architects">Six Degrees</a> and played a key role in the permit approval process.

“We are excited about the opportunity to create something special for the <a href="/new-townhouses/brunswick-vic-3056">suburb of Brunswick</a>. The site is rich in heritage character, quiet in locale yet nestled near Melbourne's most eclectic and vibrant suburbs," Teh says.

“Six Degrees played a significant part in the permit process as they innately understand the local area and have proposed thoughtful design outcomes that sensitively fuse old with new. Together, with some of the most respected advisors in the heritage space, we have created a new community with durable and sustainable homes for future residents and improved the safety and quality of the area, ultimately elevating this urban pocket.

“While it took longer than anticipated to receive the permit, we are elated that our project can now press ahead and help cater to the demand for the area.

"This truly is an incredibly rare offering for a tightly held suburb such as Brunswick.”

Six Degrees Director Peter Malatt is excited to be collaborating with Beulah to transform the historic site into 23 exceptional Brunswick townhomes.

“We are an architectural practice with a strong connection with Brunswick, and a passion for its unique character and history," Malatt says.

"We appreciate its sense of community, and we love its stories. Having completed the Heller Street park and townhouses, which one of our directors lives in, as well as the Spanish Cellars apartments in adjacent streets, gives us an opportunity to leverage this local knowledge and play off the rich history of the site.

"We are excited to work with Beulah on creating another legacy for Brunswick and believe this is a project that will greatly contribute to the community."

The site is positioned between Sydney Road’s famed retail precinct including Barkly Square Shopping Centre and Union Square Shopping Centre and is walking distance to some of Melbourne’s most loved parklands including Royal Park, Princes Park and the Melbourne Zoo, while being a stone’s throw from the picturesque Temple Park.

[smartcode_project_cta:default project_id=136451]

The two storey development will be known as Brunswick Established and will sit behind the existing heritage facade onsite

Beulah secures green light for eco Brunswick townhouse development, Brunswick Established

St Lucia is set for a luxe new riverside development with plans submitted for River Edge, a striking bureau^proberts-designed collection of apartments.&nbsp;

There will be just eight three-bedroom apartments and two four-bedroom penthouses in the four-level building at&nbsp;<a href="/new-apartments/river-edge-7-ryans-road-st-lucia">7 Ryans Road</a>, just a few hundred metres down the river from Guyatt Park and its ferry wharf.

<a href="/architects/bureauproberts">bureau^proberts</a>&nbsp;said in their Design Report submitted to the Brisbane City Council that&nbsp;the building's architecture is inspired by the changing landscape of the riverbanks between <a href="/new-apartments/toowong-qld-4066">Toowong</a> and the University of Queensland.

<img alt="River Edge" data-entity-type="file" data-entity-uuid="d40a4073-5533-4574-bd45-94e863b45091" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%203.30.44%20pm.png?VersionId=PE8A0FX9_CjRl1FA1dQdw35wUvfuuq4w" />

"River Edge is a celebration of the natural beauty and subtropical lifestyle that defines the character of St Lucia, Brisbane,"&nbsp;bureau^proberts&nbsp;said.

"Nestled along the meandering riverbanks between Toowong and the peninsula of the University of Queensland at St Lucia, this boutique ten apartment development takes its inspiration from the fractured riverbank formations and movements, allowing the architecture to seamlessly merge with the surrounding environment."

They said the fractured slab edges that reach out to the riverbank are then carved away to erode the building form between residences to enhance views up and downstream.

"The development is designed to be an enduring testament to the symbiotic relationship between architecture and nature, offering residents a blend of luxury and tranquillity."

<img alt="River Edge" data-entity-type="file" data-entity-uuid="00e3e7af-5e93-4793-8108-75e87f49eade" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%203.29.32%20pm.png?VersionId=7mmPcH0.2CFV.730OiTAJCU7rTjGX2bd" />

The communal facilities will be located on the roof where there will be rainforest atrium, a swimming pool with sweeping views, flanked by two private terraces of the two penthouses, each with their own plunge pools.

There's just one low-rise building between River Edge and the actual river edge.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

Ranging from 140 sqm to 181 sqm for the apartments and penthouses from 334 sqm to 354 sqm, each residence boasts spacious balconies spanning 27 sqm to 100 sqm, offering panoramic views of the Brisbane River.&nbsp;

The development also features a rooftop communal garden and pool terrace, complete with a barbecue and dining area overlooking the river.

Part of the rooftop will only be exclusive for penthouse residents, which will include private plunge pools and outdoor dining-entertaining areas.

A distinctive feature of River Edge is a large cave-like rainforest courtyard, designed to transform the typical lobby space into a lush, light-filled garden, fostering cross ventilation throughout the apartment interiors and creating a dramatic arrival experience for residents.&nbsp;

There would also be a landscaped pathway to the river to activate the river's edge for residents to enjoy.

The proposal includes a basement level with 27 parking spaces and bike storage.

&nbsp;

&nbsp;

&nbsp;

In response to a growing demand from the discerning pool of property downsizers, plans have been officially filed for an opulent residential development along the prestigious riverfront of <a href="/new-apartments/st-lucia-qld-4067">St Lucia</a>—one of <a href="/new-apartments/brisbane-qld">Brisbane</a>'s oldest, affluent, and tightly held suburbs.

The proposed development, dubbed River Edge, would replace planner and property owner Josephine Morris' five-bedroom, three-bathroom family home on the 1758 sqm site at 7 Ryans Road into ten upscale, house-sized luxury riverside apartments.

&nbsp;

&nbsp;

"River Edge is a celebration of the natural beauty and subtropical lifestyle that defines the character of St Lucia, Brisbane," bureau^proberts said.

St Lucia set for luxury downsizer riverside apartment development

Developer Toohey Miller has appointed luxury construction firm Reform Projects to build its debut apartment development, No.1 Onslow Place in Elizabeth Bay.

Reform, led by managing director and co-founder Carl van Selm, has been in operation since 2016 and has built boutique apartment projects in both Sydney's Eastern Suburbs and the Sutherland Shire, as well as a number of designer houses in Sydney's most affluent suburbs.

They recently completed the <a href="/news/nsw/one-of-manlys-last-beachfront-development-sites-inside-ondas-manly-apartments">luxury Manly project Ondas Manly</a> on the beachfront North Steyne, and they're&nbsp;currently building the boutique Yugen development in Vaucluse.

Following the launch of <a href="/new-apartments/no-1-onslow-place-elizabeth-bay-1-onslow-place-elizabeth-bay">No.1 Onslow Place</a>, there were a bull run of sales, with three of the six apartments snapped up in a matter of weeks. Sales ranged between $8.25 million and $13 million.

[smartcode_project:default project_id=141600 project_image_fid=218585]

The project, No.1 Onslow Avenue, named after its prime location just off Arthur McElhone Reserve and a close neighbour to Elizabeth Bay House, comprises just six full-floor apartments with interiors by renowned interior designer David Hicks, the Melburnian's his first high-end project in Sydney

Tzannes&nbsp;Architects designed the building to bring a contemporary yet timeless design to the character of the coveted neighbourhood. The facade features distinctive curved brickwork, reminiscent of the iconic New York City art deco era.

Each apartment features natural oak, double herringbone parquetry flooring and white-honed marble. boasts views across the harbour, with four of the six having different different site aspects.

[smartcode_project:default project_id=141600 project_image_fid=219762]

Nick Couloumbis, Founder of <a href="/developers/toohey-miller">Toohey Miller</a>, said No.1 Onslow Place was designed not just as a development, but as six distinct and individual living spaces.

“Toohey Miller has curated its consultant team, bringing David Hicks’ European and International flair, combined with&nbsp;Tzannes’ quintessentially Australian architecture, to create an environment that resonates with the legacy of the location while offering a fresh perspective on luxury living.”

[smartcode_project:default project_id=141600 project_image_fid=219765]

“These residences are incredibly rare given their full-floor offering and views - we liken them to a Monet or Picasso. Rarity in property equals exceptional enduring value to future owners.”

Crowning No.1 Onslow Place is a two-level penthouse with&nbsp;270-degree views of the ocean. Its upper level is designed for entertainment, featuring a bar and lounge that overlook the vista. The apartment also features a steam room, and its own identity in its finishes with&nbsp;hand-selected green onyx cladding the kitchen, bar and bathrooms. There's a pool on the rooftop.

[smartcode_project_cta:default project_id=141600]

Nick Couloumbis, Founder of Toohey Miller, said No.1 Onslow Place was designed not just as a development, but as six distinct and individual living spaces

Toohey Miller appoint Reform Projects to build No.1 Onslow Place, Elizabeth Bay apartments

National builder developer <a href="/developers/arden-group">Arden&nbsp;Group</a> is creating something a little different in East Brisbane with its latest apartment project, Eighteen Park.

The project, in both its density and design, is more commonly seen around the bend in Kangaroo Point. But because it's not, Arden have been able to offer the premium apartments at a fraction of the price of what they would be facing the city.

Starting from $1.78 million,&nbsp;<a href="/new-apartments/eighteen-park-east-brisbane-18-park-avenue-east-brisbane">Eighteen Park</a>&nbsp;comprises just 27 three-bedroom apartments, adjacent to the protected Mowbray Park at 18 Park Avenue.

Designed by the renowned architecture firm <a href="/architects/altis-architecture">Altis</a>, the 12-storey residential tower boasts a curvilinear façade, following the gentle bend of the river's edge, softened with vertical green spaces that ascend towards the sky.

[smartcode_project:default project_id=113519 project_image_fid=223266]

Upon entering the building, residents are greeted by a theatrical lobby with soaring four-metre-high ceilings. The warmth of materials inspired by the adjacent park creates an inviting atmosphere.

The apartments are designed with open living and dining areas that lead out to balconies overlooking views of Mowbray Park and rare north-east panoramas of the Brisbane River that will remain unobstructed.

The elevated 2.7-metre ceilings throughout the home maximise natural light and breezes, creating a bright and airy ambience.&nbsp;

[smartcode_project:default project_id=113519 project_image_fid=206252]

The kitchens are well-appointed with a suite of Miele appliances and feature stone benchtops, and a butler's pantry.

Residents of Eighteen Park will have access to a rooftop oasis with an open-air infinity-edge pool as the centrepiece. The rooftop will also have a covered entertainment area with BBQ facilities, seating pods, as well as a wellness centre with a sauna and yoga deck. A gym, with state-of-the-art Technogym machines, is located on the ground level.

[smartcode_project:default project_id=113519 project_image_fid=205959]

Eighteen Park is located within steps of the Mowbray Park CityCat and provides convenient access via the river to all of <a href="/new-apartments/brisbane-qld">Brisbane</a>'s best dining and shopping destinations.&nbsp;

Construction is underway with Groupline Constructions, with completion forecast for 2025.

The project is one of only two currently on the market in&nbsp;<a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a>. The other is Sarazin's <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a>, which has been popular across all market segments.

[smartcode_project_cta:default project_id=113519]

&nbsp;

Eighteen Park is one of only two currently on the market in East Brisbane

Above Mowbray Park and the Brisbane River: Inside Arden's Eighteen Park

Commentary by CoreLogic's&nbsp;Head of Residential Research Australia Eliza Owen

Today’s CPI results for the December quarter showed inflation has fallen once again, from 5.4% in September to 4.1%.

This marks the fourth consecutive quarter where inflation has declined on an annual basis, and the December result is below the 4.5% forecast made by the RBA&nbsp;last November.

Falling inflation reflects softer demand in the economy, with weakness showing up in&nbsp;retail trade, a slight&nbsp;fall in job vacancies&nbsp;and a&nbsp;gradual rise in unemployment&nbsp;from lows in late 2022.

But the good news about falling inflation is in its implications for monetary policy. The more inflation comes in under expectations, the firmer the case for interest rates remaining on hold next week, and coming down later this year.

A reduction in interest rates is likely to boost housing demand. As seen in the rental market, fundamental demand for housing is very strong, but demand for home purchases has been influenced by high interest costs and limited borrowing capacity.

The RBA would probably not consider more exuberance in the housing market an ideal scenario if interest rates comes down. However,&nbsp;established dwelling purchases do not feed&nbsp;directly into inflation measures, and other macroprudential tools can still be used to ensure housing lending remains prudent.

<h2>Housing measures in the CPI</h2>

Housing makes up around 22% of the CPI basket that is used to calculate inflation over time (in fact housing has the largest weighting of all components within the CPI calculation). The biggest sub-components of the housing measure are the change in the cost of newly constructed dwellings and major renovations by owner-occupiers, and the change in rents paid to landlords.

For the purchase of new homes, the CPI measure eased to 5.1%, down from 5.2% in the previous quarter and a peak of 20.7% in the year to September 2022. While the rate of increase is easing, residential construction remains a substantial contributor to inflation overall, and was the most significant contributor to inflation in the quarter overall. High labour and material costs continue to put pressure on the price of new homes.

Annual growth in the rent component of CPI was 7.3% in the December quarter. The annual change in the rent component of CPI has reduced from 7.6% in the September quarter, marking the first signs of rent inflation easing in two-and-a-half years. Historically, growth in the CoreLogic rent value index has been a leading indicator for the rent component of CPI. Given CoreLogic rent value growth peaked in early 2023, it is not surprising to see early signs of easing in growth of rent paid, but at 7.3%, annual growth is still well above the pre-COVID decade average of 2.3%.

<img alt="" class="CToWUd a6T" data-bit="iit" data-entity-type="" data-entity-uuid="" data-image-whitelisted="" id="m_7659537242992335207Picture_x0020_2" src="https://mail.google.com/mail/u/0?ui=2&amp;ik=01bc5e25ad&amp;attid=0.0.2&amp;permmsgid=msg-f:1789567293936996842&amp;th=18d5d1f8e8c591ea&amp;view=fimg&amp;fur=ip&amp;sz=s0-l75-ft&amp;attbid=ANGjdJ8d5FAZGw-hH4fZat9ouQg5Z1lbMNm3-cT0gHsacwhnOmIJCDSAJj9tbRkSfhfRuVZm5HVCGb1Rb_jOI4A6_zGzay16WBPmCzC1gF7HKlkGRqDjfsp6q3_8Vsk&amp;disp=emb" style="cursor:pointer; outline:0px; width:587px; height:430px" tabindex="0" />

One thing to note about CPI measures is that it captures the change in goods and services across the combined capital cities market. CoreLogic rent values for the combined&nbsp;regional&nbsp;market of Australia have seen a marked decline in annual growth that far outweighs what has been seen in the capitals, down to 4.3% in 2023 (from a peak of 13.4% in the year to August 2021).

<h2>What’s the takeaway?</h2>

Inflation is still well above the RBA target range of 2-3%, but it is moving in the right direction, and it is falling faster than anticipated. The economic pain Australian households are feeling is working to unwind inflation, and firms up the case for interest rates to start&nbsp;falling&nbsp;some time this year.

Housing contributes a lot to high inflation through rent paid and the cost of new dwellings, but even these indicators are moving in the right direction. The rate of increase in rents paid is finally slowing, suggesting some hope for tenants that the rental market could turn a corner in 2024, which also indicated by CoreLogic rent measures.

Easing cost of living pressures should help to support an improvement in consumer sentiment, which has been holding in deeply pessimistic territory since mid-2022.&nbsp; High cost of living pressures and high interest rates have been the key factors holding sentiment close to recessionary lows. It's likely the lower than forecast inflation outcome for the December quarter, alongside a growing expectation of rate cuts later this year will help to lift consumer attitudes. If that is the case, we should expect housing activity to follow suit later this year.

Inflation drops in December quarter, consumer attitude likely to change later this year: CoreLogic

One of Melbourne's smallest suburbs, Windsor, is set to welcome a rare new development this year when developer Sinclair Brook completes its striking new project, Windsor Park.

Windsor Park, a joint venture between&nbsp;<a href="/developers/wilbow-group">Sinclair Brook</a>,&nbsp;reputable investment firm Wilbow Group and architecture firm <a href="/architects/jackson-clements-burrows-architects">Jackson Clements Burrows</a>, comprises just 33 apartments and a vast 3,000 sqm site in an enviable pocket in <a href="/new-apartments/windsor-vic-3181">Windsor</a>. The project boasts an international walk score of 95.

Bordering the Chris Gahan Reserve, residents of the two and three-bedroom apartments are treated to verdant vistas and views of the city skyline from the comfort of their homes.

Windsor Park embodies a minimalist Japanese aesthetic with emphasis on timeless and environmentally harmonious design.

[smartcode_project:default project_id=110261 project_image_fid=216135]

The architectural narrative unfolds as a series of interconnected buildings interspersed with lush greenery. Vertical breaks along the street facades create captivating shadow plays, imbuing the structure with a human-scale intimacy.

Complementing the architectural splendour are meticulously curated interiors by <a href="/architects/hecker-guthrie">Hecker Guthrie</a> and lush gardens by <a href="/landscape-architect/eckersley-garden-architecture">Eckersley Garden Architecture</a>.

The exterior’s chosen palette of concrete, warm metals, and neutral brick extends into the interiors, where earth tones, concrete, and soft timber create an atmosphere of warm contemporary.

[smartcode_project:default project_id=110261 project_image_fid=216156]

Expansive floor-to-ceiling windows flood the homes with natural light, while private terraces and balconies provide idyllic retreats within the home.

The living spaces are designed with open plans and generous layouts adaptable to every resident's needs.

Perfect for hosting gatherings, the spacious kitchens are equipped with top-notch fittings and appliances.&nbsp;

A striking solid stone bench top with chamfered stone edging sits atop the central island, creating a visual contrast with the sleek timber veneer cabinetry.&nbsp;

Every kitchen comes complete with a full set of premium Swiss appliances by V-ZUG, adding to the overall minimalist design.

[smartcode_project:default project_id=110261 project_image_fid=216143]

Homeowners can choose between two distinct colour schemes: Classic or Windsor to personalise their homes.

<a href="/new-apartments/windsor-park-prahran-61-71-mcilwrick-street-prahran">Windsor Park</a> is also committed to sustainability and energy efficiency. Utilising readily available technologies, the development aims to achieve a 7-star average NatHERs Energy Rating.&nbsp;

Increased insulation, high-performance double glazing, passive design for natural daylight and ventilation, water-efficient fixtures, and a rainwater harvesting system are all the initiatives employed in Windsor Park to contribute to a lower environmental impact.

Additionally, in embracing the future, Windsor Park will incorporate features for electric vehicle charging, basement ventilation improvements, and a solar PV system on the rooftop.&nbsp;

[smartcode_project:default project_id=110261 project_image_fid=216149]

These initiatives not only reduce energy costs but also promote a healthier and more sustainable lifestyle for its residents.

Sinclair Brook is offering an extended building warranty at Windsor Park, past the standard warranty that all off the plan developers need to offer.

Construction by builder <a href="/builders/ironside">Ironside Construction</a> has commenced on Windsor Park, with completion slated in mid-2024.

[smartcode_project_cta:default project_id=110261]

Construction by builder Ironside Construction has commenced on Windsor Park, with completion slated in mid-2024

Windsor to welcome rare new apartment development in 2024 as Windsor Park construction gathers pace

Busy Brisbane developer Pradella has kicked off its new pipeline for 2024, launching Jardinia, their first residential apartment development in Yeronga.

Jardinia, Spanish for garden, comprises 87 one, two, three, and four-bedroom residences across a five-level building at 26-36 Shottery Street, near&nbsp;<a href="/developments/yeronga-qld-4104">Yeronga</a>&nbsp;Station and the amenity of Fairfield Road.

Designed by <a href="/architects/wiltshire-stevens-architecture">Wiltshire Stevens</a>, Jardinia offers carefully crafted apartments that go beyond their walls, featuring a living green façade that connects with the surrounding environment.

Upon entering the apartments, residents are greeted with a private entry foyer that leads to open-plan living spaces seamlessly extending to extensive terraces, creating an effortless sense of connectivity and airiness.&nbsp;

[smartcode_project:default project_id=137221 project_image_fid=249212]

The kitchens are well-equipped with SMEG appliances and feature stone countertops and an island fitted with a sink.

The spacious master suites include large walk-in robes and feature ensuites with dual vanities, a freestanding bathtub, and a separate shower. Other bedrooms provide built-in robes and convenient access to the main bathroom.&nbsp;

Some of the larger apartments offer a multi-purpose room which is expected to be utilised as either an extra bedroom, home office, or a media room.

[smartcode_project:default project_id=137221 project_image_fid=249209]

Jardinia offers residents the choice of two contemporary colour schemes.

The rooftop terrace at Jardinia draws inspiration from the riad gardens of palaces in distant lands, featuring lush greenery, a resort-style pool, sunbeds, and entertaining areas.

Health and well-being are also a priority, with amenities such as a multi-purpose media room and a well-equipped gym.

[smartcode_project:default project_id=137221 project_image_fid=249210]

Jardinia takes pride in incorporating EnviroDevelopment elements, achieving a 5-leaf certification from the UDIA EnvironDevelopment.

Position Property are marketing apartments at <a href="/new-apartments/jardinia-yeronga-26-36-shottery-street-yeronga-qld-4104">Jardinia</a>, with prices start at $559,000.

<a href="/developers/pradella">Pradella</a>, led by Kim Pradella, has been developing in Brisbane's inner-ring since being founded in 1956. They're well known for their $1 billion Montague Markets precinct in West End.

Last year they <a href="/news/qld/pradella-secure-their-next-brisbane-apartment-development">secured a prime site in Toowong for another project</a> which they're expected to file a development application for this year.

[smartcode_project_cta:default project_id=137221]

Position Property are marketing apartments at Jardinia, with prices start at $559,000

Pradella launch Yeronga apartment development Jardinia

More than seven in ten (71%) real estate professionals expect interest rates to have the most significant influence on the housing market in 2024, according to a new survey by property data and analytics provider&nbsp;CoreLogic.

&nbsp;Their&nbsp;Decoding 2024: Real estate's trends and goals revealed&nbsp;survey delves into insights of more than 1,400 real estate professionals to uncover their 2024 outlook for the economic landscape and housing market.

The 71% of respondents who named fluctuations in interest rates as the primary driver of the Australian real estate market in 2024, were comprised of nearly three in five (59%) who strongly believe rising rates will have the most significant impact, while 12% anticipate falling rates to make waves to some degree.

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="4be73758-3723-4bdc-b5b4-f6cd72828a84" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%206.47.19%20am.png?VersionId=Z33D2pAnUDc.fDBzi.fepOxAx_peTWRS" />

Despite these expected fluctuations in interest rates, the majority of survey respondents conveyed a positive sentiment toward the overall economy in 2024, with 57% expecting some economic growth, while a similar number (59%) tip home values to rise this year.

At the local level, low housing stock&nbsp;was identified by two in five (41%) respondents as the most significant stressor on their agency for the year ahead, while 38% stated high interest rates and inflation as their main concern.

CoreLogic&nbsp;Head of Residential Research Australia - Eliza Owen,&nbsp;said the survey results are relatively in line with where housing market performance is currently forecast by the major banks.

"The broad expectation for housing values in 2024 is that the market will still grow but at a slower rate than the 8.1% observed in&nbsp;CoreLogic's Home Value Index in 2023," Owen said.

"Growth in housing demand is expected to slow amid higher cost of living pressures, a higher tax take from bracket creep, and high interest rates. This means less savings to put toward housing purchases - indeed the latest national accounts data from the ABS showed the household savings ratio had fallen to its lowest level since 2007. Consumer sentiment remained very low at the start of 2024, which can also signal households being hesitant to make high-cost, high-commitment decisions."&nbsp;

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="512a483f-44ee-4693-9fe6-5693f70a9d00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%206.48.38%20am.png?VersionId=RIQDbwWv3hEj8NS8aw0EDpk5Vjxw2aHh" />

Owen says despite some of the headwinds for market demand, growth is still expected to be positive throughout 2024.

"Ongoing constraints in the construction sector are likely to keep a floor under home values, with the number of completions trending lower throughout 2023.

"There remains a strong mismatch in the supply and demand of dwellings across Australia, and anything that makes buying more accessible, such as a reduction in interest rates, would likely boost buyer numbers. With inflation currently trending just below RBA forecasts, the case for a cash rate reduction is firming up in 2024.”

Nearly half&nbsp;(46%) of respondents anticipate a rise in house prices this year of between 1-5%, while a further 13% expect an increase of more than 5%. One quarter (25%) believe prices will stay steady, with the remaining 16% predicting house price falls in 2024.

Interest rate changes tipped to shape 2024 real estate market as house prices tipped to rise: CoreLogic

Family developer Andrews Projects has doubled down on facilities at its under construction Robina apartment development, Cascade.

The 1.17-hectare project at&nbsp;116 Laver Drive, in the heart of&nbsp;<a href="/new-apartments/robina-qld-4226">Robina</a>, comprises&nbsp;two 15-level buildings with 229 two and three-bedroom apartments.

The heart of Cascade lies within its vast, tranquil grounds, providing residents with a 5-star wellness experience.

[smartcode_project:default project_id=135618 project_image_fid=208708]

The 25-metre pool takes centre stage, surrounded by sun lounges and poolside cabanas, strategically placed for relaxation and rejuvenation.&nbsp;

Flanking the central swimming pool, set between the two buildings like a resort-style hotel, is a fitness centre, complete with sauna and steam rooms.

[smartcode_project:default project_id=135618 project_image_fid=215798]

Sarah Andrews, Sales Manager at Andrews Projects, emphasised the unique offering <a href="/new-apartments/cascade-robina-116-laver-drive-robina">Cascade</a> brings to the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>. "Buyers are interested in large two and three bedroom apartments with world-class amenities and proximity to major infrastructure," Andrews said.&nbsp;

"With its prime location just minutes to Robina Town Centre, local schools and public transport, the development presents an outstanding opportunity for local owner occupiers and investors to be a part of this exciting new development."

[smartcode_project:default project_id=135618 project_image_fid=215797]

Cascade is located just metres from Robina Town Centre, Bond University, CBus Super Stadium, Robina Hospital, and 'Greenheart,' a council initiative dedicated to revitalising 17 hectares of parkland along Stadium Drive.

&nbsp;

&nbsp;

Apartments feature a large open planned kitchen, living, and dining areas, full-height double-glazed windows, Miele appliances, Caesarstone bench tops and fully ducted air-conditioning throughout.

&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=215797]

&nbsp;

Late last year Andrews Projects announced they were <a href="/news/qld/andrews-projects-bring-construction-in-house-and-start-cascade-robina-build">bringing construction in house to deliver Cascade</a>.

A Construct will built the $270 million development, which is expected to be completed in 2025.

[smartcode_project_cta:default project_id=135618]

The heart of Cascade lies within its vast, tranquil grounds, providing residents with a 5-star wellness experience

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