<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?

Florenze Terraces, the new architectural townhouses in North Melbourne, have been both developed and designed by one of Melbourne's go-to architecture firms.

Nicholas Murray Architects is both development partner and architect of the 18 townhouses, which visually are nothing like North Melbourne has seen before.

Embodying innovative design principles and state-of-the-art materials, the design ethos is a timeless and refined architectural language expressed through carefully curated natural materials.&nbsp;

[smartcode_project:default project_id=142902 project_image_fid=236444]

Nicholas Murray says&nbsp;Florenze Terrace is boutique by nature – for residents who value separate high quality, bespoke environs.

"The design embodies a sense of permanence so future generations can still enjoy it,"&nbsp;Murray told Australian Property Investor Magazine.

The exterior design is a masterful architectural synergy of light, nature, steel, and natural elements. Textural planked concrete, wide arches, and symmetrical facades complemented by a carefully considered palette of natural materials characterise the exteriors, blending with the locale's architectural fabric.

&nbsp;

[smartcode_project:default project_id=142902 project_image_fid=236445]

Wide, textured concrete arches serve as an undercover entrance to the townhomes. Symmetrical facades of glass and wood, bordered by linear, grooved textured material, rise above the arches.

The side section reveals a long corridor of individual private garages and storage solutions at the centre of the lower ground, accentuated by a wider, arched opening to the road.

Comprising 18 five-level townhouses each with a unique address, Florenze Terrace offers a luxurious yet inviting living experience in every home. Private glass lifts and expansive rooftop terraces with city views enhance the individuality of these homes.

[smartcode_project:default project_id=142902 project_image_fid=236449]

“It’s like a Japanese model," Murray added.

“They’re a small footprint but a lot of square meterage vertically, and roof decks on top as well,” Murray told API.

Sustainable design practices are also deeply embedded in Florenze Terrace, and bespoke accents are showcased throughout every meticulous space.

Murray said the last few years people have started to look at what they are doing and what they can do to live a sustainable life.

Murray and development partner Drake Developments are targeting a 6-star energy rating.

[smartcode_project:default project_id=142902 project_image_fid=236448]

High-performance double-glazed windows and cross-flow ventilation via purposefully positioned and generously sized windows are some of the energy-efficient features in the development that require minimal heating and cooling so comfortable temperatures can be enjoyed all year round.

&nbsp;

Around the development, self-sufficient plants have been chosen for minimal watering. The greenery also serves as a noise buffer and shade.

Rainwater tanks and smart EV charging points were also fitted to cater to future and modern environmental considerations.

Construction by Keyway Built has commenced, with move-in expected later this year.

[smartcode_project_cta:default project_id=142902]

Comprising 18 five-level townhouses each with a unique address, Florenze Terrace offers a luxurious yet inviting living experience in every home

"It's like a Japanese model": How Nicholas Murray Architects designed Florenze Terrace in North Melbourne

Locals of Lake Cathie, the small waterfront town on the Mid North Coast, are expected to jump at the opportunity to secure an apartment in&nbsp;The Pacific at Catarina Beachfront Estate.

There's been no opportunity previously to buy brand new in the suburb.&nbsp;In fact of the 2,000 dwellings in Lake Cathie, only 60 are apartments, according to CoreLogic data.

The majority of the buyers are expected to be downsizers, given over 50 per cent of the popular are over 55, and the majority of those over 70, the latest ABS Census Data shows.

Developer Justice Fox Property Group recently released the project, near Middle Rock Beach, to the market. It comprises just 41 two and three-bedroom apartments including four penthouses.

[smartcode_project:default project_id=141793 project_image_fid=220420]

The Pacific is the first release at Catarina Estate – the foundation of what will become a vibrant beachside community.

The Pacific responds to its unique location in one of Lake Cathie's relatively untouched enclaves with a design that is meticulous, considered and engaging.

The architects ELK Architecture have embraced light and the ocean as design elements, interpreting its many moods as the seasons change.

[smartcode_project:default project_id=141793 project_image_fid=220425]

The kitchens feature 40mm stone benchtops and Travertine tiles, while the bathrooms and ensuites feature premium fittings and free-standing tubs. Every apartment opens to expansive outdoor terraces.

"The Pacific’s residences, and indeed the entire Catarina Estate, are designed for their owners to extract the very essence of beauty from this remarkable part of the NSW Central North Coastline," ELK Architecture Director Daniel Hadley says.

"Our goal was to intrinsically link the flow and curve of the built form to the natural."

The sprawling penthouses range in size up to 339 sqm of internal and external living spaces.

[smartcode_project:default project_id=141793 project_image_fid=232539]

The Pacific is the most prominent of the 16 buildings planned for Catarina Estate.

There's a future retail precinct planned with cafes, shops, and hospitality venues, as well as conference facilities, a function centre, a pub and a gym.

Lake Cathie is located on the Mid North Coast, around 15-minutes from Port Macquarie.

Developer Justice Fox Property Group have extensive experience developing by the water. They've previously completed projects in Eden on the NSW South Coast and Gerroa near Kiama.

[smartcode_project_cta:default project_id=141793]

Why Lake Cathie The Pacific presents the first opportunity to downsize in the suburb

<a href="/developers/dm-property">DM Property</a> and <a href="/developers/icon-developments">Icon Kajima</a>'s debut Geelong apartment development, Motif, has already sold 60 per cent of its 129 apartments.&nbsp;

This comes on the heels of a successful launch last November, marking <a href="/new-apartments/geelong-vic-3220">Geelong</a>'s first apartment launch in several years.

MOTIF offers a mix of one, two, and three-bedroom apartments across a five-level building.&nbsp;

[smartcode_project:default project_id=136615 project_image_fid=241453]

The location's rarity for new apartment developments in Geelong played a significant role in achieving such remarkable sales figures.

"Motif is situated in an ideal location, and its progressive design credentials led by <a href="/architects/rothelowman">Rothelowman</a> have positioned the development to address the sustained undersupply of apartments within the Victorian housing market,” Nick Sestak, Senior Development Manager of Icon Kajima, said.

The development is strategically positioned at 1 York Street, on the fringe of the CBD, a stone's throw from Pakington Street's vibrant cafes, restaurants, and bars, as well as the Little Malop Street precinct, home to the impressive Geelong Library and Heritage Centre.

Following on from their relationship born in Sandringham, DM Property has had renowned architecture firm Rothelowman handle the architecture of Motif.

Each apartment features an open-plan kitchen integrated into the dining and living spaces, providing views overlooking Keera Street.

[smartcode_project:default project_id=136615 project_image_fid=241456]

Motif's south-facing one-bedroom layout offers a picturesque view of Keera Street through the windows.

For those looking for more space, the open-plan, two-bedroom design strategically places bedrooms on opposite sides for enhanced privacy.

Meanwhile, the grand three-bedroom layout caters to families or those seeking ample space. Two balconies overlooking bay views are accessible from the living area and as private extensions of bedrooms.

Two large bedrooms boast private ensuites, while the third room is adjacent to the communal third bathroom.

The ground floor hosts a generously sized plaza-like space landscaped by ACRE, providing a communal area for residents to gather and enjoy.

[smartcode_project:default project_id=136615 project_image_fid=241461]

In a nod to sustainability, MOTIF is fossil fuel-free, with significant solar panelling offsetting electricity consumption, resulting in a 7-star NAThers-rated building.

The various configurations on offer and price points will appeal to everyone, from first home buyers, young professionals, downsizers, and investors, both local and interstate.

Apartments at <a href="/new-apartments/motif-geelong-1-york-street-geelong-vic-3220">Motif</a> start from $480,000. Construction is expected to commence early this year.

[smartcode_project_cta:default project_id=136615]

The development is strategically positioned at 1 York Street, on the fringe of the CBD, a stone's throw from Pakington Street's vibrant cafe culture

Motif Geelong apartments race to 60% sold

Billionaire Canva founders Melanie Perkins and Cliff Obrecht are set to redevelop their significant Surry Hills HQ on Kippax Street.

In late 2022 they spent $123.25 million on a nine-level building on Kippax Street, opposite News Corp's Sydney base and a stone's throw from Central Station.

Now they've commissioned COX Architecture to complete a $56 million redevelopment of the office building which COX says will offer a "benchmark model in the reuse and rejuvenation of an existing tired commercial building."

<img alt="Canva" data-entity-type="file" data-entity-uuid="04a2dded-b622-42b2-b8f1-af1ee4353d83" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-12%20at%209.16.17%20am.png?VersionId=b9t9GpRI1nVSv3eFnKNmMr8bGGxLyei9" />

COX said in their Design Report submitted to the City of Sydney Council that innovation and creativity are at the heart of Canva’s DNA.

"It’s something they’ve always championed when empowering their team to do the best work of their lives. This DNA has translated into their current workplace winning them the coveted prize of Best Workplace for Innovators on the Fast Company’s 2023 list.

"This global best accolade is the benchmark for their project at 8-24 Kippax Street. It will be a workplace imbued with the good vibes of Canva. The conceptual narrative for the building is to create a place that fosters a virtuous cycle of growth and culture. The culture will inform the place and the place will support the culture."

<img alt="Canva" data-entity-type="file" data-entity-uuid="03f8792a-ca9a-4c59-86ac-863667a9b602" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-12%20at%209.20.07%20am.png?VersionId=LzSacty9b6nIIeHa5_yVYzVprCIJUpni" />

The existing nine-level building facade will be redesigned, while there will be one level added to incorporate a new rooftop and terrace which&nbsp;COX says will offer&nbsp;Canva the opportunity to gather, connect and celebrate their unique ‘vibe’ with employees, collaborators and guests.

"In keeping with Canva`s aspirations of being a “Force for Good”, and the principle to “do more with less”, the proposed rooftop additions maintain as much of the existing building as possible and only makes pragmatic interventions where it improves functional planning or sustainability initiatives, such as introducing natural light.

"The proposed additions will offer a benchmark model in the re-use and rejuvenation of an existing tired commercial building."

Also part of the plans are to remove the ground and underground parking levels and add a new cafe on the ground floor and a gym, studio, and a community space on the lower ground level. Canva will also commission a mural on the eastern facade given the extended building height.

<img alt="Canva" data-entity-type="file" data-entity-uuid="a1cc3509-62da-447f-966c-afa13839bddb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-12%20at%209.33.15%20am.png?VersionId=0aVmlb1FuO1E2.Bg78Y5osjWzSITIx0x" />

Perkins and Obrecht founded Canva when studying in Western Australia in 2013. Last year Perkins became Australia's youngest billionaire at 36 years old. Her and Obrecht's joint net worth around $10 billion, according to The Australian's latest The List Richest 250.

It was reported last week early investors and employees at Canva will sell around $1.5 billion worth of stock. The company is estimated to be worth around $40 billion.

First look exclusive: Canva's $120 million Surry Hills HQ to get $56 million redevelopment

The Eastern Suburbs is the most expensive real estate region in Australia. Even with the prices that puts it as expensive as anywhere in the world, it is always in demand.

Harbourside tends to command the largest prices given there are waterfront homes with direct access to the harbour, and of course a number of homes with views of the Harbour Bridge or the Sydney Opera House.

The beach still does pretty well, in both the house and apartment market.

Given the heightened cost of land in the Eastern Suburbs, few developers can put their mark on any of the suburbs. But when they can, they know they'll attract buyers due to the limited supply of new property.

We've cast our eyes over the new developments expected to hit the Eastern Suburbs market in 2024.

<h2>Project: Bronte Collection</h2>

<h3>Location: 122-128 Hewlett Street, Bronte NSW 2024</h3>

<h3>Developer: Fortis</h3>

Having secured development approval from the Waverley Council for the <a href="/new-apartments/bronte-collection-122-128-hewlett-street-bronte">Bronte Collection</a>, Fortis plans to both launch the luxury project and start construction in 2024.

The Bronte Collection comprises just nine freestanding homes on Hewlett Street near Bronte Beach.

The project is designed by <a href="/builders/mhn-design-union">MHN Design Union</a>, in collaboration with interior architects Alexander &amp; CO. and <a href="/interior-designers/lawless-and-meyerson">Lawless &amp; Meyerson</a>&nbsp;and&nbsp;landscaping by Wyer &amp; Co.

Each of the nine homes will offer views of Bronte Beach and include spacious living, entertaining, and outdoor areas.&nbsp;

<img alt="Bronte" data-entity-type="file" data-entity-uuid="3c0d2c3c-6384-4d1e-a6b1-97e99776a2eb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%207.52.38%20pm.png?VersionId=qTNaY31fqHUxDMh01.pZC3pFN7n8CRBe" />

The residences will feature private dual garages with EV charging provisions, private pools, outdoor showers, and individual lifts. Some of the homes will also have state-of-the-art gyms and saunas.&nbsp;

Following the success of the <a href="/new-apartments/the-woollahra-collection-2a-james-street-woollahra">Woollahra Collection</a>, Fortis expects strong demand for the Bronte Collection, with an expected end value of $134 million.&nbsp;

<h2>Location: 20-22 Sandridge Street, Bondi Beach</h2>

<h3>Developer: Central Element</h3>

Busy developer&nbsp;<a href="/developers/central-element">Central Element</a> will create something of which <a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a> hasn't seen before after securing a 2,000 sqm site for <a href="/news/nsw/central-element-secure-prized-bondi-beach-site-for-new-apartment-development">$51 million late last year.</a>

The prime site, across 20-22 Sandridge Street and 21 Wilga Street, an amalgamation of six properties across three lots which had been years in the making, is set to home just a handful of&nbsp;ultra-premium apartments and houses on the site, with prices expected to start from $20 million.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="33a66c40-54d7-4db8-891b-203f827d599d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%207.57.11%20pm.png?VersionId=aaq3vt7EeuWzkUmtCkMFQJlOVUUTq_qP" />

Speaking to Central Element CEO Nathan Chivas last year, he said setting&nbsp;new benchmarks in property development has been in Central Element’s DNA for decades.

"It was something my father always did in his development days," Chivas says. "Since founding&nbsp;<a href="/developers/central-element">Central Element</a>&nbsp;in 2011, we've continued to evolve every year we've operated, and now we're moving into what we're calling the 'ultra-luxury phase'."

Chivas says they only want to develop in the best locations. But with that, you need to create an A-grade product.

“If you find a location and create A-grade product that matches that location, then you know you’ll have strong demand no matter where the property cycle is at,” Chivas says.

"In this end of the market, you really need to bring a story to life, whether it's through brining in heritage or other luxury design elements. Ultimately these types of developments need to be a cut above the rest. They need to be more than an apartment in a great location. The money demanded by these projects, and the buyers of the projects, demand nothing less. That extra layer of detailed design and amenity is warranted for locations like Coogee and Bondi."

Read more:&nbsp;<a href="/news/nsw/the-story-behind-central-elements-push-for-ultra-luxury-in-sydneys-best-suburbs-five-minutes-with-managing-director-nathan-chivas">The story behind Central Element's push for ultra-luxury in Sydney's best suburbs: Five minutes with Managing Director Nathan Chivas</a>

<h2>Project: Ballamac House</h2>

<h3>Location: 39 Arcadia Street, Coogee NSW 2034</h3>

<h3>Developer: Central Element</h3>

Central Element's other landmark project set for 2024 is&nbsp;<a href="/new-apartments/ballamac-house-39-arcadia-street-coogee">Ballamac House</a>, a historic 1860s landmark in <a href="/new-apartments/coogee-nsw-2034">Coogee</a>&nbsp;which they intend to restore and redevelop.

The project involves transforming the heritage Victorian house into eight luxury apartments designed by <a href="/architects/tonkin-zulaikha-greer-architects">Tonkin Zulaikha Greer</a>.

The development will comprise two buildings, with the heritage Victorian house housing two of the eight apartments and the other six situated in a new contemporary building to the east.

<img alt="Ballamac House" data-entity-type="file" data-entity-uuid="640c352d-3912-4cb3-ab3e-01f023f64ee2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.06.31%20pm.png?VersionId=iQlnq_SXZ7XY1jary2BziFO.E4Z2gtla" />

The residences, spread across four stories, will each have three bedrooms. The penthouse, boasting panoramic ocean views, includes extravagant interiors, a wrap-around entertaining terrace, a second entertaining terrace on the first level, a butler's pantry, and floor-to-ceiling glazing to maximise views.

The conservation efforts include retaining external and internal walls, fireplaces, mantel pieces, and decorative ceilings, and reconstructing the wrap-around verandah. Central Element aims to fuse old and new, bringing the estate into a new era of luxury.

Future residents will have access to communal outdoor areas, lush green gardens, and a magnesium pool.

<h2>Project: The Chimes</h2>

<h3>Location: 45-53 Macleay Street, Potts Point NSW 2011</h3>

<h3>Developer: Time &amp; Place</h3>

Potts Point has long been the most high density harbourside suburb in the east. It's another suburb which is now only likely to see boutique developments given most land large enough for a new high-rise is already occupied by an old one.

The exception to this is The Chimes building, a&nbsp;mid-20th-century building, designed by architect Hugo Stossel. The Macleay Street building has been in the crosshairs of Melbourne developer Time &amp; Place for a number of years.

<img alt="macleay St" data-entity-type="file" data-entity-uuid="acdb6eda-6eb0-474d-8bb9-71476a59682a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.36.44%20pm.png?VersionId=_jbVRN9BQyPWQQsp4_4AXFaKpVURi3gQ" />

Time &amp; Place has been slowly but surely buying out apartment owners since 2020, when it was reported they essentially bid $85 million for the whole building.

Last year they lodged concept plans with the City of Sydney Council for a new SJB-designed building with 45 apartments.

The existing building contains 80 studio apartments, and the redevelopment aims to offer a mix of one, two, and three-bedroom apartments, ranging in size from 50 sqm to 270 sqm for half-floor apartments.&nbsp;

The new development will include ground-floor retail along Macleay Street. The plans include features such as private rooftop terraces with a barbecue area and plunge pool for the two penthouses.&nbsp;

<img alt="Macleay" data-entity-type="file" data-entity-uuid="f18ddff2-96b7-441a-88a5-887eba31ee6f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.36.32%20pm.png?VersionId=Ox9QlWVyW7mLwA1kg.BfyiELVHq8zH3o" />

Residential amenities, including a lap pool and open space, will be located on the ground level behind the retail spaces.&nbsp;

There's likely still much more work to do at The Chimes before the project is launched, but no doubt more information will be released as to whether Time &amp; Place have been successful in getting their project.

Read more:&nbsp;<a href="/news/nsw/exclusive-first-look-time-place-lodge-potts-point-apartment-plans">Exclusive first look: Time &amp; Place lodge Potts Point apartment plans</a>

<h2>Location: 117 Victoria Street, Potts Point</h2>

<h3>Developer: Ceerose</h3>

Renowned architect <a href="/architects/koichi-takada-architects">Koichi Takada</a> is set to make his first mark in the high-end harbourside enclave, putting plans together for&nbsp;<a href="/builders/ceerose">Ceerose</a>&nbsp;on Victoria Street.

The proposed $19.58 million, 10-level building is designed to blend with the historic streetscape while providing a contemporary addition to Victoria Street.

Ceerose acquired the A-Grade site last year, which currently houses an original apartment block with 45 units that will be demolished for the new development.

<img alt="Ceerose" data-entity-type="file" data-entity-uuid="18962255-19c0-45b3-a0e4-41f9ca68386d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.07.58%20pm.png?VersionId=T9Q8I5Baeu8_0S2PYEE5ojrFnKJKWeMT" />

The development will consist of two, three, and four-bedroom apartments, some spanning two levels.&nbsp;

Two-bedroom apartments start from 110 sqm, and there will be a variety of configurations, including apartments with plunge pools on their balconies.&nbsp;

The building will have 26 parking spaces, including four for visitors.

Read more:&nbsp;<a href="/news/nsw/first-look-ceerose-and-koichi-takada-to-create-new-potts-point-apartment-development-on-victoria-street">First look: Ceerose and Koichi Takada to create new Potts Point apartment development on Victoria Street</a>

<h2>Location: 10 Onslow Avenue and 21C Billyard Avenue, Elizabeth Bay</h2>

<h3>Developer: Fortis</h3>

Prominent developer Fortis filed for its first project in Potts Point's neighbouring Elizabeth Bay last year and will likely launch this year, pending approvals.

The development will be located on an amalgamated 1,464 sqm block across 10 Onslow Avenue and 21C Billyard Avenue, comprising two <a href="/architects/smart-design-studio">Smart Design Studio</a>-designed buildings that will house 22 apartments.&nbsp;

The $23.25 million project involves demolishing two early 1970s freestanding flat buildings to make way for the new development.

<img alt="Fortis Elizabeth Bay" data-entity-type="file" data-entity-uuid="93953a66-2e59-4f1a-a095-710b1d762137" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.40.08%20pm.png?VersionId=oDUOYdHn34qcHXyQVGxTPyYZbhcJx.lQ" />

The proposed buildings include three two-bedroom apartments, 18 three-bedroom units, and a sole four-bedroom apartment spanning 279 sqm.&nbsp;

The private rooftop terraces for the penthouses will feature barbecue and lounge areas, as well as private pools.&nbsp;

The development will provide 27 parking spaces for the 22 residences, with eight spaces equipped with EV charging and the other 19 designed with the provision to add EV charging at a later date.

Read more:&nbsp;<a href="/news/nsw/fortis-file-regency-house-elizabeth-bay-apartment-development-plans">Fortis file Elizabeth Bay apartment development plans</a>

<h2>Location: 4-4A Barncleuth Square, Elizabeth Bay</h2>

<h3>Developer: Toohey Miller</h3>

Developer <a href="/developers/toohey-miller">Toohey Miller</a> is set to continue to make its mark in Elizabeth Bay following the success of its debut apartment development, No.1 Onslow Avenue.

Having quickly sold three out of the five full-floor apartments in the luxury project with prices ranging from $8.25 million to $13 million, the Nick Couloumbis-led developer will no doubt be looking to their nearby project to launch.

There's nine apartments planned for the site at 4-4A Barncleuth Square,&nbsp;currently occupied by a mid-1960s building with over 20 apartments.

<img alt="Toohey" data-entity-type="file" data-entity-uuid="982acffb-1203-407b-87a1-5e4ab0c10a4f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%208.46.24%20pm.png?VersionId=7pVKUZnn.RdLvfX6HWnEGeptk.X_fhxu" />

The design by SJB aims to complement the Art Deco architecture prevalent in the area, echoing the forms and styles of the neighbouring buildings.

The proposed building will consist of nine apartments, with the majority being three-bedroom units spanning 137 sqm internally.&nbsp;

The penthouse, located on the top level, will feature four bedrooms and 284 sqm of space, along with a private rooftop terrace equipped with a spa.

Sustainability features are also incorporated into the project, including a green roof to reduce building energy, cross-ventilation for all apartments, and the use of locally sourced bricks from Australian manufacturers, considered a more sustainable option compared to standard concrete facades.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-toohey-miller-file-for-elizabeth-bay-apartments">First look exclusive: Toohey Miller file for Elizabeth Bay apartments</a>

<h2>Location: 138 Maroubra Road, Maroubra</h2>

<h3>Developer: Lindsay Bennelong</h3>

<a href="/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>, headed by <a href="/builders/clarendon-homes">Clarendon Homes</a> Founder Peter Campbell, is heading to the Eastern Suburbs with plans for a mixed-use development at 138 Maroubra Road in the Eastern Suburbs of Sydney.

The developer has filed for a nine-level building on the 1,512 sqm site, which was secured in 2022. The project aims to demolish the existing office building and replace it with a structure offering a mix of retail, commercial, and residential spaces.

The proposed <a href="/architects/djrd-architects">DJRD Architects</a>-designed building will feature 57 apartments, ranging from one to four bedrooms.&nbsp;

The ground level will include two retail spaces, and the first level will host a commercial office space surrounded by a landscaped outdoor area.&nbsp;

The apartment sizes vary, with one-bedroom units ranging from 51 sqm to 62 sqm, two-bedroom units starting from 86 sqm and reaching 99 sqm, and three-bedroom apartments ranging from 105 sqm to 149 sqm.&nbsp;

There is also a sole four-bedroom apartment with over 150 sqm of living space.

Outdoor breakout spaces for residents are planned on different levels, including an outdoor kid's play area and an outdoor gym on level two.&nbsp;

Level eight will also feature two outdoor spaces with barbecue and kitchen areas, communal dining spaces, and community garden planters.

<h2>Project: Coast Little Bay</h2>

<h3>Location: 11 Jennifer Street, Little Bay</h3>

<h3>Developer: Urban Property Group</h3>

Prominent Sydney developer <a href="/builders/urban-property-group">Urban Property Group</a> will be launching their first Eastern Suburbs project this year, at the southern tip in Little Bay.

The project, <a href="/new-apartments/jennifer-street-little-bay">Coast Little Bay</a>, will comprise three four-level buildings on over a hectare of bushland at 11 Jennifer Street. They will home 75 one, two, and three-bedroom apartments. The development plan also includes shared basement parking for 117 vehicles.

[smartcode_project:default project_id=112343 project_image_fid=210130]

The project designed by Hill&nbsp;<a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd" target="">Thalis</a>&nbsp;Architecture adopts the&nbsp;<a href="/new-apartments/the-courtyard-832-doncaster-road-doncaster" target="">courtyard apartment</a>&nbsp;type, which Hill&nbsp;<a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd" target="">Thalis</a>&nbsp;founding principal Philip&nbsp;<a href="/architects/hill-thalis-architecture-urban-projects-pty-ltd" target="">Thalis</a>&nbsp;says is puzzlingly rare in Australian cities, despite its suitability to the climate and long architectural traditions of sociability.

Read more:&nbsp;<a href="/news/nsw/exclusive-first-look-urban-property-group-reveal-little-bay-apartments-project">Exclusive first look: Urban Property Group reveal Little Bay apartments project</a>

The top off the plan apartment developments to look out for in Sydney's Eastern Suburbs in 2024

There's arguably no better time to be developing in Perth, at least when it comes to demand.

While cyclical factors such as cost of labour and materials are problematic, the demand is possibly as high as its ever been, and the lack of supply means price are rising, which is helping developers make projects stack up.

Property data analytics firm CoreLogic's data showed Perth was the number of performer in both the house and unit market in 2023. House prices jumped 15.2 per cent, to a median $691,000, now nearly higher than Hobart ($700,000), while units rose 12.4 per cent to a new median $464,000.

It was the same script in the rental market. Unit rents rose by 16.5 per cent, or around $80 per week on the median value over the year, CoreLogic found, while house rents were up 12.9 per cent.

Soaring rents has seen WA become the go-to interstate investment market, data from&nbsp;MCG Quantity Surveyors shows.

MCG Managing Director Mike Mortlock says&nbsp;WA is now considered among the nation's most investor-friendly jurisdictions.

"There's little doubt its popularity with real estate buyers from the east coast has increased the gap between home and investment," Mortlock says.

“Western Australia, and more specifically Perth, has seen a substantial uptick in investor participation. Price is a factor as some big capital city markets are now beyond the reach of everyday buyers. Our analysis shows the average price an investor pays for a property is approximately $615,000. That amount will go a lot further in Perth than it will in Sydney or Melbourne."

Taking advantage of the Perth boom is developer Golden Sedayu, who will soon be revealing more of their $3.8 billion mega project, Burswood Point.

[smartcode_project:default project_id=142314 project_image_fid=228351]

The huge project, which at 38 hectares will be one of the largest urban development projects ever undertaken in Australian, will transform the Burswood Peninsula into a thriving, living precinct with&nbsp; 4,500 residential apartments as well as office and retail space.

The project is set to inject more than $10 billion into the state’s economy and generate 25,700 West Australian jobs over the next 10 years.

Golden Sedayu, a partnership between Perth’s&nbsp;<a href="/developers/golden-group" target="">Golden Group</a>&nbsp;and one of Indonesia’s largest property corporations Agung Sedayu, has also allowed for 110,000 sqm of public open space, larger than Langley Park. The project has over 2.5 kilometres of Swan River foreshore.

Already lodged with council are development applications for two premium apartment towers with 206 apartments and four retail tenancies on the north of the site. Another application for two more towers due to be lodged later this month.

The first homes and apartments will go on sale early in 2024, with the remainder of the Burswood Point development released as approvals are granted.

[smartcode_project_cta:default project_id=142314]

Perth ranks as nation's best performing capital city unit market in 2023 as 2024 welcomes game-changing mega project

Sydney's northern suburbs, anything from north of the Harbour Bridge, saw a number of development applications filed in 2023 and late 2022.

Most of the developers will hope to get approval in a timely manner given the scarcity of supply in the harbour capital driving transactions.

We've had a look at the most exciting projects which are expected to launch in 2024, if not early 2025.

<h2>Location: 184b-190 Kurraba Road, Kurraba Point</h2>

<h3>Developer: PB &amp; Co</h3>

<a href="/new-apartments/melbourne-vic">Melbourne</a>-based developer&nbsp;<a href="/developers/pb-co">PB &amp; Co</a>&nbsp;is marking their first venture in&nbsp;<a href="/new-apartments/sydney-nsw">Sydney</a>&nbsp;with a striking development in one of Sydney's most affluent areas.

They spent $60 million on a&nbsp;<a href="/new-apartments/kurraba-point-nsw-2089">Kurraba Point</a>&nbsp;site where they will be developing a&nbsp;highly sustainable and innovative luxury residential project in collaboration with&nbsp;<a href="/architects/koichi-takada-architects">Koichi Takada Architects</a>.

The 4,200 sqm block will be home to four different residential buildings, including six luxury apartments on the street side of the block and four dual occupancy residences closer to the water.&nbsp;

The luxury apartments will offer various amenities, such as dedicated wine rooms, butler's pantries, multi-purpose rooms, and water-facing balconies. The dual occupancy buildings will include private rooftops with plunge pools and outdoor barbecue kitchens.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/184b-190%20Kurraba%20Road%2C%20Kurraba%20Point.png?VersionId=_2oECkfkEyn86ROhBJVaPhKtRtETFcU3" />

The project aims to achieve a 6-star Green Star rating with a focus on sustainability and a zero-carbon lifestyle.

Key sustainable features of the project include passive design strategies, rooftop solar farms, an underground geothermal energy system, rainwater collection for irrigation, building management systems for performance optimization, integrated shading structures, and the use of local, sustainable materials.&nbsp;

The development is intended to be carbon neutral not only in design but also in operations.

Read more:&nbsp;<a href="/news/nsw/first-look-exclusive-pb-co-reveal-koichi-takada-plans-for-one-of-a-kind-kurraba-point-development">First look exclusive: PB &amp; Co reveal Koichi Takada plans for "one-of-a-kind" Kurraba Point development</a>

<h2>&nbsp;Location: 617-621 Pacific Highway, St Leonards</h2>

<h3>Developer: Anson Group&nbsp;</h3>

St Leonards has been a hive of activity for apartment developers in recent years, reflecting the transition from a predominantly commercial area to a more mixed-use and residential environment.

<a href="/developers/anson-group">Anson Group</a>&nbsp;recently submitted <a href="/news/nsw/first-look-st-leonards-set-for-tallest-tower-as-anson-group-file-for-mixed-use-development">$187 million plans to build a 50-level tower</a>, making it one of the tallest in the area.&nbsp;

The mixed-use tower is designed by architecture firm&nbsp;<a href="/architects/bvn-architecture">BVN</a>&nbsp;and will consist of 195 apartments above a six-level podium featuring retail and commercial spaces.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/617-621%20Pacific%20Highway%2C%20St%20Leonards.png?VersionId=7f8wIG9YkNc90HATaWy2kjAWGkLOXUBW" />

Over half of the apartments are two-bedroom units, reflecting market preferences for larger living spaces, especially in the post-COVID era when remote work has become more prevalent.

The building will feature a two-level penthouse at the top, referred to as a "multilevel crown," and resident amenities on the 24th level, including a swimming pool, spa, multipurpose room, and outdoor terraces.&nbsp;

The development will also include a new community and arts centre, basement parking for 72 cars, nearly 400 sqm of retail space, and over 2,600 sqm of commercial space.

<h2>Project: The Collective</h2>

<h2>Location: 50-56 Atchison Street, St Leonards</h2>

<h3>Developer: TWT Global</h3>

Property developer&nbsp;<a href="/developers/twt-property-group">TWT Global</a>&nbsp;is expected to launch its highly anticipated $1 billion mixed-use St Leonards development, The Collective.

Last year the developer <a href="/news/nsw/exclusive-twt-global-secure-st-leonards-site-to-expand-1-billion-masterplan-the-collective">spent&nbsp;$35 million on 50-56 Atchison Street</a>, a 1080 sqm site which will be integrated into The Collective which will span&nbsp;nearly 9,500 sqm across multiple suburban blocks with three towers.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/50-56%20Atchison%20Street%2C%20St%20Leonards.png?VersionId=fE0DIFFDOLRtOS9dz3K.ozbD3ZOxJ7vt" />

TWT Global, who have developed NewLife Darling Harbour and NewLife Bondi Junction, are committed to fostering cultural vibrancy in St Leonards through its Creative Precinct initiative.

Launched in 2014, the Creative Precinct involves the conversion of several commercial buildings into creative spaces, including artist studios, galleries, rehearsal spaces, recording studios, arts business offices, and creative retail.

The initiative has already supported over 800 artists and creative businesses, providing the local creative community with over 4,000 square metres of subsidised space.

<h2>Project: Nelson Place</h2>

<h3>Location: 9-11 Nelson Street, Chatswood NSW 2067</h3>

<h3>Developer: VIMG</h3>

Developer&nbsp;<a href="/developers/vimg">VIMG</a>&nbsp;is expected to push on with its&nbsp;<a href="/developments/chatswood-nsw-2067">Chatswood</a>&nbsp;project, <a href="/new-apartments/nelson-place-9-11-nelson-street-chatswood">Nelson Place</a>.

After collaboration with the&nbsp;<a href="/developments/willoughby-nsw-2068">Willoughby</a>&nbsp;Council and a design competition, VIMG has submitted a development application for two towers comprising&nbsp;193 apartments, down from the initially forecasted 300 apartments for the site.&nbsp;

The two and three-bedroom apartments are reported to be 15 to 20 per cent larger than the minimum guidelines outlined in the Apartment Development Guidelines.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Nelson%20Place.png?VersionId=9X41MAysXArdHWHr.xK4cCbZV0gzqzkV" />

The towers, designed by&nbsp;<a href="/architects/dko-architecture">DKO</a>, will rise from a central public plaza with retail and commercial spaces, and landscaping by Land And Form Studios.

Nelson Place includes a landscaped podium roof for residents, featuring outdoor covered yoga and a pool deck positioned to take advantage of the north-facing aspect of the terrace.

The development will be within walking distance of the train station, a large shopping mall, and proximity to high-quality primary and secondary schools.

Read more:&nbsp;<a href="/news/nsw/first-look-vimg-plot-two-tower-chatswood-apartment-development-nelson-place">First look: VIMG plot two-tower Chatswood apartment development, Nelson Place</a>

<h2>Location: 44-52 Anderson Street, Chatswood</h2>

<h3>Developer: Bridgestone Projects</h3>

Sydney developer&nbsp;<a href="/developers/bridgestone-projects">Bridgestone Projects</a>&nbsp;is another looking to change the Chatswood skyline.

They have plans in with council for a plans for a new $90 million apartment development on a 2,687 sqm site at 44-52 Anderson Street.

The proposed project is set to include two towers linked by a green spine and a retail and commercial podium.

Bridgestone is emphasising larger apartment configurations, with only six one-bedroom and 16 two-bedroom apartments planned across the 25-level buildings.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/44-52%20Anderson%20Street%2C%20Chatswood.png?VersionId=ZvdbVhPp5xBzdbgTh1wBAWgeT9F56YTa" />

The majority of the units will be three-bedroom, duplex-style apartments occupying levels eight through 21.&nbsp;

Above level 22, the development will feature large sub-penthouses and penthouses, with the latter having private rooftop gardens.

The ground floor of the development will host 13 retail and commercial spaces along Anderson, O'Brien, and Day Streets, as well as eight townhouse-style apartments across two levels.&nbsp;

A co-working space will occupy part of level one and level two. Resident amenities on the second level will include a swimming pool, vertical community garden, outdoor gym, and barbecue facilities.

The winning design by architecture firm&nbsp;<a href="/architects/make-architecture">MAKE Architecture</a>&nbsp;balances the scale of the towers with the heritage conservation areas.

Read more:&nbsp;<a href="/news/nsw/bridgestone-file-for-two-tower-chatswood-apartment-project">Bridgestone file for two-tower Chatswood apartment project</a>

<h2>Location: 629-639 Pacific Highway, Chatswood</h2>

<h3>Developer: Polytec</h3>

Another for Chatswood, which had a flurry of applications last year when the&nbsp;CBD boundary to the north was expanded which opened up more favourable height limits to zones previously strictly capped.

<a href="/developers/polytec-australia-development-pty-ltd">Polytec Australia Development</a>&nbsp;filed for a 27-story mixed-use tower with 53 apartments on a 1,184 sqm block at 629-637 Pacific Highway, currently occupied by two separate car service and repair businesses.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/629-639%20Pacific%20Highway%2C%20Chatswood.png?VersionId=49ehWRLkjesNuci1Fb29D5kLOLQCzA7g" />

The tower, designed by&nbsp;<a href="/architects/pbd-architects">PBD Architects</a>, will include ground-floor retail and commercial spaces within the podium levels, sitting above five levels of basement car parking.&nbsp;

The tower will consist of two one-bedroom apartments, 22 two-bedroom apartments, 28 three-bedroom units, and a penthouse with four bedrooms.

Designed by&nbsp;<a href="/architects/pbd-architects" target="">PBD</a>&nbsp;Architects, the floor plates are optimised for solar access and cross-ventilation, with consideration given to neighbouring context and views.

The site is strategically located around 550 metres south of the Chatswood transport interchange and 750 metres from Chatswood's central retail precinct, providing convenient access to metro, rail, and bus services.

Read more:&nbsp;<a href="/news/nsw/first-look-chatswood-off-the-plan-apartment-development-pipeline-ramps-up">First look: Chatswood off the plan apartment development pipeline ramps up</a>

<h2>Location: 8 Wilson Street, Chatswood</h2>

<h3>Developer: Billbergia</h3>

Last one I promise. Prolific developer&nbsp;<a href="/builders/billbergia-construction">Billbergia</a>&nbsp;revealed its first residential development on the North Shore last year, a $170 million mixed-use development in Chatswood.

Billbergia's Development Director Saul Moran said the project's focus was on innovative live-work typologies to address the growing trend of flexible post-COVID working styles and working from home.&nbsp;

The proposed development comprises two slender 27-storey towers with 251 apartments rising above a two-storey commercial podium.

The podium includes a mix of uses such as retail, commercial showrooms, and flexible SOHO (Small Office/Home Office) style live-work offerings, catering to residents who prefer working remotely in a separate, comfortable, and private setting.&nbsp;

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/8%20Wilson%20Street%2C%20Chatswood.png?VersionId=Kc3xdV4yDA0H0GkWAI9Moh917Korv.sa" />

Billbergia anticipates that the live-work design will resonate with the North Shore market, particularly as approximately 40 per cent of Australians now work from home at least part of the week, according to the Australian Bureau of Statistics.

Additionally, a 70-place childcare centre within the podium aims to provide convenience for working parents.&nbsp;

Residents will also have access to communal facilities, including an outdoor swimming pool, landscaped communal areas, and private open rooftop spaces.

The development incorporates landscaped, through-site pedestrian links, forming a cross-shaped laneway connection with retail tenancies and live-work spaces.&nbsp;

The project also places a strong emphasis on sustainability, with features such as rainwater harvesting, thermal buffers in the podium's landscaped areas, rooftop gardens to reduce rainwater runoff and provide insulation, and solar photovoltaic panels on the roof.&nbsp;

Construction is expected to commence in late 2024, subject to development approval.

Read more:&nbsp;<a href="/news/nsw/billbergia-focus-on-hybrid-remote-working-at-new-chatswood-apartment-development">Billbergia focus on hybrid, remote working at new Chatswood apartment development</a>

<h2>Location: 155-159 Herring Road, Macquarie Park</h2>

<h3>Developer: One Global Capital</h3>

Iwan Sunito's&nbsp;<a href="/developers/one-global-capital">One Global Capital</a>&nbsp;will hope to push the button on their Macquarie Park apartment development designed by Japanese architect&nbsp;<a href="/architects/koichi-takada-architects" target="">Koichi Takada</a>.

Contrary to initial discussions of including a hotel, the development will consist of just over 300 apartments across three towers, as well as activated street-level spaces at 7-11 Lachlan Avenue and 157-159 Herring Road in Macquarie Park.&nbsp;

The Macquarie Park site was acquired as the largest collection sale in Australia in 2022.

<img alt="Top North Sydney developments to look out for in 2024" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/155-159%20Herring%20Road%2C%20Macquarie%20Park.png?VersionId=0_G0YE.M2DpzPO2Vi3bO2DKi47_pwH5S" />

The apartment distribution includes 35 studio apartments, 149 two-bedroom apartments, 60 one-bedroom apartments, and 60 three-bedroom dwellings. The units range in size from 40 sqm studios to 199 sqm split-level, three-bedroom townhouses. The proposal also includes 'Plus' apartments featuring dedicated study spaces, responding to the rising trend of working from home.

The streetscape design aims to create a permeable pedestrian network and an active retail precinct along Herring Road, with Macquarie University railway station approximately 400 metres away.

One of the towers will feature amenities like indoor and outdoor recreation spaces, a swimming pool, play areas for children, barbecue areas, and rooftop gardens.

The development also includes sustainable initiatives such as rooftop solar panels generating 100 kWh of energy for common areas and corridors, high-performance double glazing within apartments, energy-efficient LED lighting, and electric vehicle charging stations.

Read more:&nbsp;<a href="/news/nsw/iwan-sunitos-one-global-capital-set-for-three-tower-macquarie-park-development">Iwan Sunito's One Global Capital set for three-tower Macquarie Park development</a>

<h2>Location: 45 McLaren Street, North Sydney</h2>

<h2>Developers: Podia &amp; CASA</h2>

Prominent Sydney developer Podia will be looking to launch their joint venture North Sydney development in 2024.

Podia and CASA are seeking to&nbsp;develop 71 dwellings, a mix of apartments and townhouses opposite the recently topped out AURA by Aqualand.

<img alt="North Sydney" data-entity-type="file" data-entity-uuid="49a8fead-dd50-4871-9cb1-d88b0bfb7f21" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-15%20at%208.02.51%20pm.png?VersionId=IlIAQ3oOK9ur7YCiEhfEVZixHdh5rjHF" />

The 14-level tower has been cleverly designed by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;and features a striking stepped form which has the building stagger up to it's 14th level, allowing for a number of large terraces on the upper floors.

<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;said the vision is&nbsp;for a sustainable, mixed-use building that provides exceptional dwellings which capitalise on the site’s location between North Sydney’s dense and thriving CBD and North Sydney’s Civic Precinct.

&nbsp;

Read more:&nbsp;<a href="/news/nsw/first-look-podia-and-casa-lodge-bates-smart-plans-for-walker-st-north-sydney-mixed-use-tower">First look: Podia and CASA lodge Bates Smart plans for Walker St, North Sydney mixed-use tower</a>

<h1>&nbsp;</h1>

We've got projects to look out for in Kurraba Point, Macquarie Park, St Leonards and Chatswood

The top nine off the plan apartment developments in northern Sydney look out for in 2024

Brisbane homes have seen extraordinary capital growth in the past few years, rising over 50 per cent since the onset of the pandemic in March 2020, data released by&nbsp;property data analytics firm CoreLogic found.

The city’s appeal amid an increase in remote work helped fuel strong population growth, increasing housing demand, driving down supply and making it a seller’s market.&nbsp;

At the end of last year, Brisbane reached a new milestone. The city now has the third-highest median dwelling value among the capitals, behind Sydney and Canberra. In December, the Greater Brisbane median dwelling value was $787,000, surpassing Melbourne’s median value for the first time since July 2009 by around $7,000.

CoreLogic has looked at the fundamentals which has led Brisbane's median dwelling value to overtake Melbourne's.

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="1cdb2584-bca2-48aa-8541-d652f345ab12" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%202.42.13%20pm.png?VersionId=kl20MrZO4WFlfi5hE2z3DZ4YacEeput7" />

<h2>Why has Brisbane surpassed Melbourne in the median dwelling value ranks?&nbsp;</h2>

Composition of housing stock. Despite recording a higher median dwelling value, Brisbane’s median house and unit values are still -$72,000 and -$49,000 below Melbourne’s medians respectively.

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="4a4798a0-95a7-4775-a431-5b3ea47ec534" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%202.42.20%20pm.png?VersionId=q3I.bk7QDDS8dpORHArVar8F9kDD5pqo" />

The reason for this is that Melbourne has a higher share of units as a portion of the dwelling market. CoreLogic estimates that units comprise 33.8% of Melbourne dwellings, compared to 25.6% of homes across Brisbane (Figure 2b). Because units are generally lower value than detached houses, a higher portion of units brings down the median dwelling across all houses and units.&nbsp;

In the near term, this compositional difference might rebalance a little. The latest building activity data from the ABS showed that as of June last year, there were 1.4 units under construction for every house in Victoria, compared to 1.6 units for every house across Queensland. This implies there could be a slightly higher concentration of unit stock to come across Brisbane.&nbsp;

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="c3a44fea-34ad-4ca1-beaf-c302c336aa06" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%202.42.23%20pm.png?VersionId=8j79Bkw4j8VGjFVnCZ.wUd0KHMAIgqgf" />

&nbsp;

Brisbane booms against mild Melbourne upswing. Since the onset of the pandemic in March 2020, Brisbane dwelling values rose 50.2% through to the end of last year. Over the same period Melbourne values rose just 11.0% (Figure 3), which was the weakest increase of any capital city market.&nbsp;

This disparity in growth has seen Brisbane’s median dwelling value rise from -$187,000 below Melbourne’s median in March 2020, to $7,000 higher in December last year.&nbsp;

The reason for such varied capital growth outcomes may be partly due to lifestyle factors, where the appeal of South East Queensland rose through the pandemic. The normalisation of remote work for many professionals made interstate migration to Queensland more feasible, while Melbourne’s extended lockdowns from March 2020 through to October 2021 may have prompted people to leave the city.&nbsp;

<img alt="Figure 3" data-entity-type="file" data-entity-uuid="8da01078-604a-43fe-a5d7-875de2b0005e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%202.45.01%20pm.png?VersionId=NszwqCcZPBtFGpwB_74LqecV1pcGKZHQ" />

This is reflected in ABS migration data, which shows net interstate migration to Queensland hit a record high of 51,500 in the year to March 2022. In the same period, net interstate migration to Victoria was -20,000. Net internal migration to Victoria bottomed out at a loss of -35,600 people in the year to June 2021, and was still negative as of June last year. Value falls across Melbourne were also exacerbated by the loss of overseas migration through COVID, but net overseas migration turned positive in 2022. These trends can be seen in Figure 4, which shows rolling annual interstate and overseas migration by state.&nbsp;

While the most recent migration data is only available at a state-wide level, regional population data from the ABS showed that over the year to June 2022, Brisbane’s population grew by 2.3%, more than double the rate across Melbourne (1.1%). Overall, Melbourne still had a higher estimated resident population at 5,031,000, compared to 2,628,000 across Brisbane.&nbsp;

&nbsp;

<img alt="Corelogic" data-entity-type="file" data-entity-uuid="63d2d1f6-0e4c-486c-ac26-10c3584c6c50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-11%20at%202.45.27%20pm.png?VersionId=x8SEYFEH.O1gSSqArW._Amin2fkpwJ3L" />

<h3>Outlook for market rankings</h3>

Brisbane was not the only city to ‘shift ranks’ in December, with the median dwelling value in Perth inching above the median Hobart dwelling value in the month. Adelaide also surpassed the Hobart median earlier in 2023, making Hobart the second-lowest median across the capitals.

However, these new rankings may be tested in the months ahead. Brisbane remains a seller’s market, but the pace of monthly growth in values has eased slightly, from 1.5% in October 2023 to 1.0% in December. As home values in the city continue to rise, there is less claim to Brisbane being relatively affordable, and some prospective interstate movers may decide to remain in their city. Recent weeks have also demonstrated there is some added risk to pockets of the Brisbane property market from extreme weather and flooding, which could impact demand in the near term.

Overall, the data reinforces the substantial impact that the pandemic has had on housing preferences, and shifting market dynamics.&nbsp;

Brisbane was not the only city to ‘shift ranks’ in December, with the median dwelling value in Perth inching above the median Hobart dwelling value in the month

Brisbane's median dwelling price overtakes Melbourne after staggering price growth: CoreLogic

<a href="/developers/lechte-corporation">Lechte Corporation</a> has appointed <a href="/builders/casconstruct">CasConstruct</a> to bring their <a href="/developments/canterbury-nsw-2193">Canterbury</a> apartment development <a href="/buildings/melior-1-shierlaw-avenue-canterbury">Melior</a> to life.

The five-level building comprises one, two, and three-bedroom apartments around an inner oasis of private green space and canopy trees.

[smartcode_project:default project_id=109627 project_image_fid=184616]

Designed by Plus Architecture, the street-facing facade of Melior drew inspiration from Canterbury's rich 19th-century architectural history.&nbsp;

Geometric lines and silhouettes contribute to the overall design, creating a visually appealing structure that seamlessly integrates with the surroundings.

Behind Melior's sculptural walls, residents can expect sophisticated and well-thought-out apartment interiors by <a href="/architects/mim-design">Mim Design</a>.

[smartcode_project:default project_id=109627 project_image_fid=184612]

The apartment features marbled patterning in the kitchen, creating a painterly effect with warm tones and satin, brush platinum, and timber finishes.&nbsp;

The refined design extends to Melior's bathrooms, where warm tones and stone patterns create a calm haven on the apron front vanity and rising splashback.

The three-bedroom homes offer additional features, including walk-in pantries with concealed laundry and walk-in robes in bedrooms.

[smartcode_project:default project_id=109627 project_image_fid=184613]

For communal spaces, Melior will include an extensive wine cellar designed for group entertaining and a beautifully landscaped courtyard that opens to an adjoining nature reserve.&nbsp;

Melior's landscaping includes tree-lined streets, gardens, greenery, and a variety of secluded and open spaces with white-rendered walls, platforms, lawns, and raised beds.&nbsp;

[smartcode_project:default project_id=109627 project_image_fid=184617]

Adding to the convenience, two commercial tenancies facing Shierlaw Avenue provide further amenities for the residents.&nbsp; Melior is also strategically located just moments away from the vibrant Maling Road.

Apartments at Melior start from $595,000.

[smartcode_project_cta:default project_id=109627]

Lechte appoint CasConstruct to build Melior, Canterbury apartment development

Melbourne is undergoing massive infrastructure works as part of Victoria's $11 billion Metro Rail Project.

The Metro Rail Project includes the construction of twin nine-kilometre rail tunnels from <a href="/developments/kensington-vic-3031">Kensington</a> to <a href="/developments/south-yarra-vic-3141">South Yarra</a> as part of a new end-to-end service from <a href="/developments/sunshine-vic-3020">Sunshine</a> to <a href="/developments/dandenong-vic-3175">Dandenong</a>.

Five new underground train stations are also being built for the project: <a href="/developments/north-melbourne-vic-3051">North Melbourne</a>, <a href="/developments/parkville-vic-3052">Parkville</a>, State Library, Town Hall, and ANZAC.&nbsp;

The stations will not only enhance public transport accessibility but also offer retail opportunities and benefits to the local areas. The new stations are also expected to alleviate congestion in the Swanston Street/St Kilda Road tram corridor in particular.

ANZAC Station,&nbsp;situated at the corner of St Kilda Road and Domain Road, is set to be a game changer for the St Kilda Rd precinct when it opens in 2025 on the edge of the Shrine of Remembrance Reserve. It will be just one stop to the CBD.

It will serve thousands of residents and workers in the area, with a daily passenger capacity of up to 40,000 by 2031. The station is designed with a distinctive canopy above the tram interchange and will have three main entrances for an integrated passenger experience.

We've had a look at what's being developed in the area, and which new projects will take advantage of the new station.

<h2>Project: The Albertine</h2>

<h3>Address: 31 Queens Lane, Melbourne VIC 3000</h3>

<h3>Developer: Mirvac</h3>

Residents at leading property developer <a href="/developers/mirvac">Mirvac</a>'s latest $200 million Melbourne apartment development, <a href="/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne">The Albertine</a>, will be ideally positioned to take advtange of the new ANZAC Station from its Queens Lane address.

Mirvac snapped up the prime 2,323 sqm site in mid-2022, with the driving force behind the purchase being the unbeatable location.&nbsp;

Read more:&nbsp;<a href="/news/vic/a-parkside-haven-how-mirvacs-the-albertine-takes-advantage-of-melbournes-best-parks">A parkside haven: How Mirvac's The Albertine takes advantage of Melbourne's best parks</a>

[smartcode_project:default project_id=138659 project_image_fid=215870]

The all-electric building will see around 100 large-sized one, two, three and four-bedroom apartments across 15 levels.&nbsp;

Like Mirvac's portfolio, particularly across their Sydney and Melbourne projects, there's also a high level of amenity for residents.

[smartcode_project:default project_id=138659 project_image_fid=215874]

The resident facilities are split across different levels. The Circadian Club will feature an indoor pool and spa, state-of-the-art gym, yoga and Pilates studio, and sauna, while the Elysian Room on level 10 will be residents' exclusive dining space with sweeping views across Melbourne.

Mirvac's award-winning design team handled the interiors, while <a href="/architects/plus-architecture">Plus Architecture</a> created a striking facade with sweeping curves and organic forms.

Read more:&nbsp;<a href="/news/vic/mirvac-partners-with-interior-designer-brahman-perera-on-the-albertine-melbourne-apartment-development">Mirvac partners with interior designer Brahman Perera on The Albertine, Melbourne apartment development</a>

<h2>Project: The Eighth</h2>

<h3>Address: 8 Palmerston Crescent, South Melbourne VIC 3205</h3>

<h3>Developer: Projects by Crema</h3>

<a href="/developers/crema-group">Projects by Crema</a>'s recently completed <a href="/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne">The Eighth</a> is a mixed-use development between three of Melbourne's best parks and a few hundred metres to St Kilda Road.

The Eighth is in an ideal transport pocket, just off the bus stops on Park Street and the new ANZAC Station.

[smartcode_project:default project_id=5345 project_image_fid=227027]

Designed by <a href="/architects/fraser-partners-0">Elenberg Fraser</a> and <a href="/architects/rob-kennon-architects">Kennon</a>, the 18-level building is home to two levels of commercial office space, 36 high-end apartments, a resident rooftop with a swimming pool and bar, and a new holistic corporate wellbeing business taking up the whole podium level.

The Eighth offers three and four-bedroom apartments ranging from 128 to 256 sqm starting at $1.595 million, featuring an open-plan living room, modern kitchen, stone baths, and private lift access.

Read more:&nbsp;<a href="/news/vic/projects-by-crema-approach-completion-of-south-melbourne-apartment-development-the-eighth">Projects by Crema approach completion of South Melbourne apartment development, The Eighth</a>

<h2>Address: 424–426 St Kilda Road, Melbourne</h2>

<h3>Developer: GURNER™</h3>

Developer <a href="/developers/gurner">GURNER™</a> plans to create an $800 million mixed-use development on St Kilda Road after snapping up&nbsp;<a href="/new-apartments/illoura-house-424-426-st-kilda-road-melbourne">424–426 St Kilda Road</a>, a 4,651 sqm site opposite Albert Park.

The unnamed project aims to include between 160 to 180 residences with uninterrupted views over the Royal Botanic Gardens, Domain precinct, city skyline, and Albert Park Lake.

<img alt=" 424–426 St Kilda Road, Melbourne" data-entity-type="file" data-entity-uuid="fd46c1e8-dc91-4b18-ab27-1e58d9b17f7e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/424%E2%80%93426%20St%20Kilda%20Road%2C%20Melbourne.png?VersionId=aUgtSSa7RYLNWzPoxF8BGI0xlDqMk99P" />

The residences are designed for downsizers and lifestyle upsizers, focusing on wellness and lifestyle.

The plans include on-site retail that complements the prestigious location and wellness amenities to promote a healthy lifestyle among residents.

Read more:&nbsp;<a href="/news/vic/gurner-to-create-the-next-st-moritz-at-newly-acquired-st-kilda-road-melbourne-site">Gurner to create "the next St Moritz" at newly acquired St Kilda Road, Melbourne site</a>

<h2>Address: 437 St Kilda Road, Melbourne</h2>

<h3>Developer: Cbus Property</h3>

Property developer and investor <a href="/developers/cbus-property">Cbus Property</a> marks the first venture into the St Kilda Road precinct with an acquisition of a residential development site at <a href="/new-apartments/four-three-seven-by-cbus-property-437-st-kilda-road-melbourne-vic-3000">437 St Kilda Road</a>, which the company aims to bring the development to the market in 2024.

The site is described as one of Melbourne's premier undeveloped residential opportunities due to its prime location with views across Fawkner Park and proximity to the CBD, Toorak Road, South Yarra, Albert Park, and the future ANZAC Station.

<img alt="437 St Kilda Road, Melbourne" data-entity-type="file" data-entity-uuid="0c50c1d0-afe3-49e3-b4f3-74d0e1cb358d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/437%20St%20Kilda%20Road%2C%20Melbourne.png?VersionId=uG8NYo4ZKUo_Rn9wpu6jBT5GvtS0YDYo" />

The proposed development, designed by the renowned architecture firm <a href="/architects/bates-smart">Bates Smart</a>, envisions 83 apartments spread across 17 levels and will include various residential amenities such as an indoor pool, gym, residents' lounge, and private dining room.&nbsp;

The forecasted end value of the development is $350 million, and it is currently in the process of obtaining development approval from the Department of Transport and Planning.

Read more:&nbsp;<a href="/news/vic/cbus-property-set-for-first-st-kilda-road-apartment-development">Cbus Property set for first St Kilda Road apartment development</a>

<h2>Project: 333 StK</h2>

<h3>Address:&nbsp;333 St Kilda Road, St Kilda VIC 3182</h3>

<h3>Developer:&nbsp;Matrix Developments</h3>

Situated strategically on a 2,540 sqm corner site along St Kilda Road and Blanche Street, <a href="/developers/matrix-developments">Matrix Development</a>'s 333 StK offers convenience and accessibility at its core.

Boasting an excellent transit score of 81, future residents at 333 StK will be just a few metres from a tram stop, benefiting from improved access through ANZAC Station.

The <a href="/architects/rothelowman">Rothelowman</a>-designed 333 StK comprises 76 one, two and three-bedroom apartments, including two limited penthouse duplexes. They will sit above ground level which will have two retail spaces, expected to be a mini grocer and a specialty bakery cafe.

[smartcode_project:default project_id=112949 project_image_fid=252264]

Communal areas include a fully appointed private dining room, a multifunctional lounge that can serve as a media room, conference, and meeting space, a rooftop retreat with a built-in barbecue and comfortable seating areas, and a fully equipped gym exclusively for residents' use.

333 StK will also place residents in proximity to various local amenities and attractions, including St Kilda Esplanade Market, The Avenue Hospital, St Kilda Park Primary School, St Mary College, St Kilda Beach, St Kilda Botanical Garden, and Luna Park.

Construction, led by <a href="/builders/balmain-co">Balmain &amp; Co</a>, is on track for completion in Q4 2025.&nbsp;

<h2>Project: Victoriana</h2>

<h3>Address: 20 Queens Road, Melbourne VIC 3004</h3>

<h3>Developer: CDG Group</h3>

Developed by <a href="/developers/cdg-group">CDG</a> and <a href="/developers/eramount">Eramount</a>, <a href="/buildings/victoriana-melbourne-20-queens-road-melbourne">Victoriana</a> rises above one of Melbourne’s most distinguished and prominent boulevards and a major gateway to the CBD, St. Kilda Road.

St Kilda Rd has some of <a href="/developments/melbourne-vic">Melbourne</a>'s most iconic residential buildings, adjacent to Queens Road which flanks Albert Park Lake and is just a stone's throw away from the upcoming ANZAC Station.

Designed by the multi-disciplined and award-winning architectural practice, <a>Rothelowman</a>, Victoriana stands tall at 18 levels and elegantly slopes between Melbourne Central Activities district and St Kilda Junction, preserving views of the Shrine of Remembrance. This design reduces the visual impact on nearby homes and improves Queens Road's landscaping.

[smartcode_project:default project_id=1979 project_image_fid=78667]

Completed in March 2021 by <a href="/builders/hickory">Hickory</a>, Victoriana boasts 250 oversized two, three, and four-bedroom apartments, including a super penthouse occupying the entire 16th floor.

While most modern apartments feature communal swimming pools, Victoriana elevates the experience by providing residents with their very own pools.

There's a heated 25-metre indoor swimming pool, a steam room and a sauna, as well as a state-of-the-art gym, equipped with cardio and weights, a lounge and garden terrace, and services like concierge assistance, secure video intercom entry, high-speed lift access, and a porte-cochere.

ANZAC Station, situated at the corner of St Kilda Road and Domain Road, is set to be a game changer for the St Kilda Rd precinct when it opens in 2025

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