<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Joel Robinson

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

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

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

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

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

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

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

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

Developer Heworth were all set to take their Rozelle Village development to the market, having secured development approval twice and put together everything they would need to market the project.

However a clash with Transport NSW is putting the development, on the site of the former Balmain Leagues Club, in jeopardy.

Heworth, the landowner, is out of pocket millions of dollars over the intentionally protracted compulsory acquisition and later rescission of the site&nbsp;by Transport for NSW for the Western Harbour Tunnel project. The leasehold acquisition, which was for a seven-year construction lease, took place in October 2021 and was rescinded less than a year into the lease term.

Read more:&nbsp;<a href="/news/nsw/rozelle-village-former-balmain-leagues-club-redevelopment-set-to-launch">Rozelle Village, former Balmain Leagues Club redevelopment, set to launch</a>

Christopher Walsh, Head of Property at Heworth Holdings, alleges Transport for NSW’s actions over several years raises significant concerns regarding the use of their powers under the Just Terms Act and their improper conduct during the acquisition negotiations process as well as the eventual rescission of the acquisition of the site.

“This is a prime example of Transport for NSW’s exploitation and abuse of its unfettered powers and manipulation of legislative deficiencies. It’s disgraceful and we are,unfortunately, one of hundreds of similar&nbsp; acquisition cases gone wrong,” he said.

“It took Transport for NSW nearly four years to acquire the Balmain Leagues Club site and, subsequently, less than four months into the acquisition to find an alternate tunnelling site.

“Furthermore, the conduct in which Transport for NSW and their senior executives granted a $722 million construction contract variation to John Holland in January 2022, who would commence tunnelling works from the Rozelle Interchange instead of the Balmain Leagues Club, without putting the contract out for competitive tender, also raises serious questions over probity and proper procurement processes and could be the matter for an investigation by the current Labor government.”

<img alt="Balmain Leagues" data-entity-type="file" data-entity-uuid="2c06edf2-5765-4f48-9958-cf93400fe0f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-17%20at%2010.18.37%20am_0.png?VersionId=22y4jztHxI6XEYyXj39gDsQ38EuTE9oS" />

Walsh warns dispossessed landowners of Transport for NSW’s historical track record of malicious behaviour, total lack of accountability and unapologetic use of loopholes in the Just Terms Act when carrying out compulsory acquisitions in NSW.

He alleges dirty tactics, unbecoming of an acquiring authority and model litigant, such as prolonged negotiations, unjustified delays, low-ball compensation offers and strategic exploitation of the Valuer General’s and litigation processes.

The matter returns to the NSW Land and Environment Court for a Directions Hearing on February 5 2024.

The matter returns to the NSW Land and Environment Court for a Directions Hearing on February 5 2024.

Rozelle Village, Balmain Leagues Club redevelopment in jeopardy after Heworth and Transport NSW dispute

Builder developer <a href="/developers/mcnab-developments">McNab</a> has snook in before the Christmas holidays to file plans for their recently acquired Montague Street, <a href="/new-apartments/west-end-qld-4101">West End apartment development</a> site.

They've had their go-to architecture partner&nbsp;Cottee Parker put together plans for a new 82-apartment building at <a href="/new-apartments/439-montague-road-west-end">439 Montague Road, West End</a>, the former Dixon's Tannery site.

As part of the heritage status of the former tannery building, <a href="/developers/mcnab-developments">McNab</a> will be retaining and adaptively re-using the key industrial structures from the Late Colonial era and create a pair of villa-style dwellings within the existing building volume of the heritage factory.&nbsp;

The Tannery was first established by Thomas Coar Dixon during the mid 1870s and was subsequently destroyed and rebuilt as a result of the&nbsp;1893 Brisbane River flood.

<img alt="Dixon Tannery" data-entity-type="file" data-entity-uuid="b459e67d-f5e7-4c2a-892c-4919f8819d1f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-20%20at%201.38.32%20pm.png?VersionId=fP.od53QQOHzZ.rgIUjodZoSXXJopDkT" />

Taking up the majority of the vast 4,465 sqm site is the new 10-level, glass-swathed building with 82 two and three-bedroom apartments. The building steps down from the 10th level to the fifth level on the southern boundary which creates what Cottee Parker says will be an iconic and recognisable shape, while also creating&nbsp;plentiful outdoor dwelling and recreation areas for residents.

In their Architectural Design Statement submitted to the Brisbane City Council this week, Cottee Parker referenced the late musician Robbie Robertson's most famous lines “You don’t stumble upon your heritage. It’s there, just waiting to be explored and shared.”

Cottee Parker said the proposed building has been designed with sensitivity to the local context and historical significance of the existing heritage building.

"The interface between the heritage and residential has been considered to create connections between the two buildings while refraining from building upon the heritage by maintaining a buffer zone," the report noted.

"Sympathetic acknowledgement of the heritage facade is also achieved through the feature columns along the podium that have been intentionally designed to match the angle of the heritage roof.

"The interface between the two buildings is lined with garden landscaping as well as raised planters and feature lamps which create a textured backdrop to the ‘Public Plaza’ and provide a comfortable space for residents and visitors to dwell in and pass through."

<img alt="Tannery" data-entity-type="file" data-entity-uuid="e6a5c7ef-0db3-4c2a-bc1d-4d2d4a3f926b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-20%20at%201.47.10%20pm.png?VersionId=bO8ZBlL9gx86bUbtnquyVtpV2VTwUda0" />

The apartments have been arranged to maximise and take advantage of the unique views the site has to offer. There will be city glimpses toward the top of the building to the north east and parkland and river views to the south east.

An L-shape corridor is provided with glazing and raised planters with lush greenery spilling over to maintain a constant connection between internal and external spaces.

The apartment designs have been optimized to maximise the natural daylight exposure to residents.

<img alt="Tannery" data-entity-type="file" data-entity-uuid="1238e81e-0663-4a38-9e67-5f219f4aa030" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-20%20at%201.38.09%20pm.png?VersionId=DNHPJTOyfKLHvZdf_YdQ40ZqcO8wGIrl" />

Crowning the building is the resident amenity which will feature a&nbsp;gym, steam room, a dining and lounge space, a lap pool, and a pair of open dining spaces and a yoga lawn area.

The building is uniquely located on Montague Street, quietly set well back from the street down a laneway therefore not having a street frontage like a typical apartment development.

Cottee Parker has also designed McNab's soon to launch Gold Coast apartment development <a href="/new-apartments/elements-budds-beach-surfers-paradise-21-oak-avenue-surfers-paradise-qld-4217">Elements Budds Beach</a>.

Read more:&nbsp;<a href="/news/qld/mcnab-completes-luxury-white-main-beach-apartment-tower-reveals-next-gold-coast-project">McNab completes luxury White Main Beach apartment tower, reveals next Gold Coast project</a>

First look: McNab file for Montague Street, West End apartment development

The Gold Coast is in critical need of supply, as vacancy rates continue to remain at near record lows and new supply dries up.

Vacancy rates have slipped below one per cent again in November, according to SQM Research, slightly higher than the 0.5 per cent record lows recorded frequently in mid-2022 and well less than 1.6 per cent mid this year.

Many of the new developments completing on the <a href="/new-townhouses/gold-coast-qld">Gold Coast</a> in 2024 launched in 2021 and 2022, and only have a limited number of apartments remaining, while those that launched more recently has had their apartments snapped up due to the lack of supply.

We wrapped up the best apartment projects expected to be completed in 2024.

<h3> 
Project: Pearl Main Beach 
Location: Main Beach 
Developer: Raptis</h3>

Veteran developer <a href="/developers/raptis">Raptis</a> is approaching the completion of its <a href="/new-apartments/main-beach-qld-4217">Main Beach apartment development</a>, <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl Main Beach</a>.

Off the plan apartment buyers in the 30-level building on Main Beach Parade are expected to move in toward the end of Q1 2024.

All the two-bedroom apartments in <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl Main Beach</a> have been spoken for, with just the three bedrooms left, starting from $1.8 million.

[smartcode_project:default project_id=106752 project_image_fid=169993]

Positioned on Main Beach Parade, just 53 steps from Main Beach's sands, Pearl Main Beach comprises two and three-bedroom apartments, including an Executive Collection featuring sub-penthouses, sky homes, and full-floor penthouses.

<a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl Main Beach</a> offers panoramic 360-degree views from the ocean to the <a href="/new-townhouses/gold-coast-qld">Gold Coast</a> skyline and hinterland.

[smartcode_project:default project_id=106752 project_image_fid=182207]

Main Beach's precinct also encompasses Marina Mirage, Seaworld Resort, and picnic facilities at The Spit, providing recreational options for all.&nbsp;

<a href="/developers/raptis">Raptis</a> has created&nbsp;more mixed-use developments than any other <a href="/new-townhouses/gold-coast-qld">Gold Coast</a> development company over the last four decades, including the landmark Tower of Chevron Renaissance, Southport Central, and the Phoenician.

<h3> 
Project: UNIQ Bundall 
Location: Bundall 
Developer: Devlink Group</h3>

Following the sell-out of their VIII Kirra project, Devlink Group recently launched <a href="/new-townhouses/uniq-bundall-2-4-waterford-court-bundall">UNIQ Bundall</a>, their contemporary townhouse development across the Nerang River from the soon-to-be redeveloped <a href="/new-townhouses/gold-coast-qld">Gold Coast</a> Turf Club.

Expected to be completed late next year by builder Apexon, this new project will feature 22 architecturally designed three-bedroom townhouses, each with private lifts, a self-contained multipurpose room, three bathrooms, and rooftop terraces.

[smartcode_project:default project_id=114207 project_image_fid=233789]

&nbsp;

Facing towards the Nerang River and the <a href="/new-townhouses/gold-coast-qld">Gold Coast</a>, the waterfront townhouses will have overlooking views of the river, the Southport Race Course and the city skyline.

The waterfront properties will also feature private plunge pools, while the broader development will have access to a communal swimming pool and barbecue facilities.

[smartcode_project:default project_id=114207 project_image_fid=233795]

“Given the fast-growing population of the <a href="/new-townhouses/gold-coast-qld">Gold Coast</a> and the lack of land availability, buyers are choosing this type of product as it gives them the opportunity to live in a location that allows for a great lifestyle while providing them the living space they want with minimal upkeep required," Devlink Group Head of Marketing James Ball said.

[smartcode_project:default project_id=114207 project_image_fid=233791]

"What makes it even more thrilling for us is the fact that our project is situated in a prime area, granting access to two prominent entertainment hubs—the Sunlight Lifestyle Precinct and Home of The Arts (HOTA), while still being only five to 10 minutes from the beach."

<h3> 
Project: Yves 
Location: Mermaid Beach 
Developer: Hirsch &amp; Faigen</h3>

Hirsch &amp; Faigen’s $200 million <a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a> apartment development is set to complete construction in late 2024.

<a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves</a> comprises 145 residences. All the one-bedders have been sold in the development, with just two and three-bedroom apartments, and a handful of half-floor and full-floor sub-penthouse and penthouse, left to sell.

Construction giant Hutchinson's began the build in May last year on the prime 7-9 Mermaid Avenue site, just metres from the famed Hedges Avenue beachfront strip.&nbsp;

Rothelowman designed the project as the third <a href="/new-townhouses/gold-coast-qld">Gold Coast development</a> for <a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a>, after the sold out Hemingway Palm Beach and the all-but sold out Emerson Kirra.

&nbsp;

Residential amenities will feature in the shared lobby, designed as greenhouses to create a suburban feel.&nbsp;

A north-facing swimming pool will be the centrepiece of the offering, with the space complete with an additional pool and yoga deck, a gym, sauna, recreation lounge and barbecue seating.

<h3> 
Project: Orama 
Location: Chevron Island&nbsp; 
Developer: Aniko Group</h3>

Prominent builder developer Aniko recently kicked off construction on their&nbsp;<a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a>&nbsp;apartment development, Orama.

<a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> will rise 21 levels at 12-16 Weemala Street, conveniently located just off Thomas Drive, the retail, food and cafe hub that dissects the island.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209596]

Aniko Construction is expecting to complete the 102-apartment development by late 2024.

Six residences will take up a spot across each floor, with the lower levels comprising two-bed, two-bath configurations. The higher levels will feature three-bedroom skyhomes and two penthouses.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=240584]

Plus Architecture has designed the tower to feature a sprawling rooftop recreation area overlooking Surfers Paradise.&nbsp;

The 21st level will house a lap pool and spa with 180-degree views across the ocean, a gym with a sauna and a yoga space, and a business lounge with private offices, booths, and a boardroom.

<h3>Project: Rhythm Kirra Hill 
Location: Coolangatta&nbsp; 
Developer: Immerse Projects</h3>

Immerse Projects also joins the list with Rhythm Kirra Hill.&nbsp;

Forty coastal apartments are being constructed across the site in the first project to be launched under the newly branded development company.&nbsp;

[smartcode_project:default project_id=112169 project_image_fid=207365]

Designed by award-winning firm BDA Architecture, Rhythm Kirra Hill will capture the essence of a modern coastal lifestyle with a selection of two-bedroom, two-bathroom apartments across the seven-level building, with five different floor plans on offer.

The apartments range from 95 to 157 sqm, with the project tipped to appeal to a broad range of buyers.&nbsp;

[smartcode_project:default project_id=112169 project_image_fid=207549]

Rhythm Kirra Hill will feature a host of tailored amenities framed by sub-tropical landscaping, with the rooftop featuring a pool, barbecue area, and sun lounge deck, in addition to the ground-level amenities, which include a sauna, gym, meeting room, and an outdoor shower.

Located in the heart of Coolangatta, residents will be just 150 meters from the shopping, dining and entertainment precinct along The Strand while also being just a short stroll from several beaches, cafes and restaurants.

One, two and three-bedroom apartments can still be purchased in the development, with construction due to wrap by early 2024.&nbsp;

<h3>Project: EVA Tenth Avenue 
Location: Palm Beach 
Developer: Chippendale Group</h3>

Construction work on Chippendale Group's Eva Tenth Avenue is expected to be completed by Q1 2024, a year after construction commenced by Hutchinson Builders.

The Eva Tenth Avenue project comprises 48 boutique apartments across a nine-story residential complex on a 0.16-hectare site in Palm Beach.

[smartcode_project:default project_id=108429 project_image_fid=193747]

Homebuyers can choose from a collection of one, two, and three-bedroom apartments and exclusive penthouse residences.&nbsp;

One-bedroom apartments, which start at a generous 69 sqm, are priced from $650,000, while the two-bedrooms range from 95 sqm to 106 sqm and start from $850,000. The three-bedroom apartments cover an expansive 208 sqm priced at $2.25 million.&nbsp;

Australia-based BDA Architecture is the development's architect and engineering design consultant. The building's design embraces the natural beauty of the surroundings. At the same time, each apartment at EVA is crafted with an intuitive flow of the spaces, creating a seamless connection to the Pacific Ocean.

[smartcode_project:default project_id=108429 project_image_fid=193746]

A timeless material palette featuring elements such as white brick, coloured concrete, timber screening, and VJ panelling adds depth and richness to the building, contributing to a layered coastal effect.

The nine-level building will feature an amenity area on the ground floor, including a pool, communal lounge area, gymnasium, yoga lawn and a BBQ area surrounded by lush subtropical landscaping.

The best Gold Coast apartment developments completing in 2024

Developer Wingate has officially sold out its <a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe">Bloom Arncliffe apartment development</a> through <a href="/project-marketer/cbre-residential-australia">CBRE Residential Projects</a>.

The EJE Architecture-designed <a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe">Bloom</a> has sold out all of its 318 one, two, and three-bedroom apartments which are spread&nbsp;across seven towers which rise to 11 levels.

Read more:&nbsp;<a href="/news/nsw/urbans-tour-of-a-completed-bloom-arncliffe-apartment">Urban's tour of a completed Bloom Arncliffe apartment</a>

[smartcode_project:default project_id=6201 project_image_fid=89016]

Characterised by contemporary yet timeless, and fresh yet warm interiors, every <a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe">Bloom</a> residence artfully combines practicality with refined elegance.

The kitchen features built-in cabinetry, sleek white surfaces, and state-of-the-art appliances, creating a functional yet stylish space.&nbsp;

Meanwhile, marble-style tiling, plush bedroom carpets, and meticulous attention to quality details are seen throughout the homes.

[smartcode_project:default project_id=6201 project_image_fid=89015]

Abundant natural light fills the living spaces, complemented by full-height windows that offer stunning views. Some apartments provide captivating perspectives of the CBD and Botany Bay.

For residents enjoying elevated views, floor-to-ceiling sliding doors flood the living space with light and open to private balconies designed for landscaped privacy.

Built by experienced residential builder Richard Crookes Constructions, <a href="/buildings/bloom-arncliffe-213-princes-highway-arncliffe">Bloom</a> also has ground-level commercial suites, including a marketplace with restaurants and retailers, a youth centre and associated ball courts for communal amenities.

[smartcode_project:default project_id=6201 project_image_fid=89020]

The project also includes a public park with feature paving, turf areas, and play areas for the local community.

Situated at 213 Princes Highway, the $136 million development is strategically located near prominent landmarks and services, such as Barton Park, the Cook River, the Kogarah golf course, various local schools, Sydney Airport, and the Arncliffe train station.

Built by experienced residential builder Richard Crookes Constructions, Bloom also has ground-level commercial suites, including a marketplace with restaurants and retailers

Wingate sells out Bloom Arncliffe apartment development

Queensland developer <a href="/developers/bastion">Bastion Group</a>&nbsp;has fast tracked plans for its $140 million <a href="/developments/chevron-island-qld-4217">Chevron Island apartment development</a> Nera following the successful completion of demolition on site.

Early works are anticipated to start in coming months on the 28-storey building with 87 apartments and extensive rooftop amenity <a href="/developments/chevron-island-qld-4217">Chevron Island</a> is starting to get a name for.

Alex Wood, one of the developers who make up <a href="/developers/bastion">Bastion Group</a>, said the completion of demolition marks an exciting step forward in the delivery of <a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera</a>.

[smartcode_project:default project_id=108640 project_image_fid=241578]

"We look forward to seeing our vision come to life,” Wood said.

“We have spent a lot of time ensuring a project of this scale was deliverable in the current climate and we are proud to today be closing the chapter on the first major construction milestone.”

“Bastion have hit the ground running with this project and we can confirm that we’re already in the process of negotiating early works, just weeks out from the Nera’s official launch to market.”&nbsp;

Read more:&nbsp;<a href="/news/qld/new-chevron-island-apartment-development-nera-to-launch">New Chevron Island apartment development NERA to launch</a>

[smartcode_project:default project_id=108640 project_image_fid=241581]

Wood said no stone has been left unturned when it comes to creating the highest quality residence.

From sourcing of the most cutting-edge and unique global partnerships, we are able to bring some of the most competitive amenities to market in this project, Wood said.

“<a href="/developers/bastion">Bastion</a> has bold ambitions, inspired by global thinking, and we’re confident in the delivery of the luxurious residential project that we’re bringing to Chevron Island.”

[smartcode_project:default project_id=108640 project_image_fid=241579]

<a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">Nera</a> is being undertaken by <a href="/developers/bastion">Bastion Group</a>, consisting of a private consortium of diverse Australian and international experts in residential development.&nbsp;

Construction is expected to commence in Q2 2024, with overall completion anticipated for Q2 2026.&nbsp;

The development approved project is currently going through a minor revision with council and is set to be released to market in the new year.

[smartcode_project_cta:default project_id=108640]

Nera is being undertaken by Bastion Group, consisting of a private consortium of diverse Australian and international experts in residential development. 



Demolition paves way for new Chevron Island apartment development Nera

Demand for off the plan developments in Brisbane has been fairly consistent over 2023.

Brisbane was the most popular Queensland suburb on Urban in 2023, ahead of the popular Broadbeach and Palm Beach hotspots on the Gold Coast.

In a sign of the demand for Brisbane off the plan apartments, South Brisbane, Newstead, and West End all featured in the top eight most search suburbs in the Sunshine State.

Given the supply of new apartment developments in Brisbane is arguably as low as anywhere in the country, monthly movements in the middle of 2024 were generally attributed to new projects hitting the market, given their rarity.

<img alt="Brisbane" data-entity-type="file" data-entity-uuid="a476a8c9-5bdd-4d68-affd-cb0a25e287cd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-19%20at%204.25.33%20pm.png?VersionId=xqRZahyxM61GwQwCXrNyqrL0e6DIsjfQ" />

There's been a number of projects that have caught the eye of prospective buyers in the Brisbane local government area this year.

We've wrapped up the top five most viewed Brisbane off the plan apartment developments on Apartments.com.au in 2023.

<h3>Project: Allere Collection, West End</h3>

<h3>Developer: Sekisui House Australia</h3>

<h3>Apartments: 203</h3>

The Allere Collection in Sekisui House, Australia's multi-award winning West End development, West Village, was Urban's most popular project in 2023.

Comprising two vertical communities, Uno and Duo, the 203-apartment The Allere Collection was released to the market off the back of the group's previously sold-out building in the precinct, Altura.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=204849]

Fronting Mollison Street, the apartments have been designed by renowned architect Rothelowman, with Uno comprising 94 residences and two levels of commercial space, and Duo, set above the West Village retail precinct, homing 109 apartments to a design which Rothelowman describes as "a bold and classic take on the quintessential Queenslander."

Residents within the Allere Collection will enjoy double the amenity, with shared access to both Uno and Duo rooftops.

[smartcode_project:default project_id=114215 project_image_fid=207148]

Crowning the Uno tower will be a pool, enclosed dining space, seating areas, a vegetable garden, a conservatory, and ‘Paw Pavilion’ - an off-leash dog space on the rooftop. Topping Duo will have a pool, heated spa, enclosed lounge room, dining space, outdoor barbecue facilities, and sun loungers.&nbsp;

Uno and Duo are slated for completion by late 2024.

<h3>Project: Vivace Apartments, Seven Hills</h3>

<h3>Developer: Heran Building Group</h3>

<h3>Apartments: 30</h3>

Vivace Apartments has solidified its position as a sought-after development in Urban.&nbsp;

Heran Building Group's Vivace Apartments has been popular throughout its time on the market primarily due to the need for more opportunities to invest in the well-established suburb of Seven Hills, with very few new housing options in the owner-occupier-centric market.

[smartcode_project:default project_id=90199 project_image_fid=205365]

Seven Hills maintained its quaint, suburban feel, experiencing minimal population growth over the past decade. According to the latest Australian Bureau of Statistics census data, just over 2,000 individuals call Seven Hills home.

Vivace Apartments offers two and three-bedroom residences priced under $1 million in this tightly held suburb. Each apartment is equipped with two bathrooms and two allocated car spaces.

[smartcode_project:default project_id=90199 project_image_fid=205376]

Designed by Heran's internal architect, Vivace Apartments showcases a contemporary design with a natural colour palette and timber elements harmoniously juxtaposed with stone features.

Communal spaces are dotted around the site, including a swimming pool, barbecue facilities, a fully-equipped gym, sauna, steam room and communal lounge.

<h3>Project: Murcia Residences, East Brisbane</h3>

<h3>Developer: Sarazin</h3>

<h3>Apartments: 187</h3>

Murcia Residences has garnered attention thanks to its prime location, just a literal stone's throw away from the esteemed grounds of The Gabba.

Murcia comprises 187 apartments designed by Rothelowman with a striking rooftop housing an infinity pool and full wellness centre with heated magnesium plunge pools, a steam room, and a sauna.

[smartcode_project:default project_id=135094 project_image_fid=214645]

For those buying a north-facing apartment on an upper level, the prospect of enjoying events at The Gabba from their balcony adds a unique appeal.

Murcia and its residents will benefit from the substantial investment in the Olympic precinct. Both government and private investors are contributing billions of dollars to establish a 24/7 precinct that will thrive long after the conclusion of the 2032 Olympic and Paralympic Games.

[smartcode_project:default project_id=135094 project_image_fid=214651]

Perfectly timed for Murcia's projected mid-2026 completion is the upcoming Cross River Rail, which is expected to be finished a year earlier. This strategic location will place residents just one stop from the new Queens Wharf precinct and two stops from Roma Street Station, enhancing connectivity and accessibility for future residents.

<h3>Project: Adena Residences,&nbsp;Wynnum West</h3>

<h3>Developer: Heran Building Group</h3>

<h3>Apartments: 41</h3>

Adena Residences has secured a place among Urban's popular projects in 2023, another on the list offering two and three-bedroom apartments for under $1 million.

The two-bedders are priced at $694,000, with the three-bedders priced at $789,000, each with two bathrooms and two car spaces.&nbsp;

[smartcode_project:default project_id=109978 project_image_fid=207522]

Adena Residences enjoys a prime location just 13 kilometres from the CBD, placing residents close to some of the best Brisbane offers.&nbsp;

The apartments feature a range of high-quality finishes, including stone benchtops, European appliances and ducted air conditioning.&nbsp;

[smartcode_project:default project_id=109978 project_image_fid=186022]

Residents will benefit from a suite of amenities within the development, including a pool, sun lounges, a gym with 24-hour access and undercover barbecue terraces. A rooftop also crowns the building, complete with a garden with 360-degree views.&nbsp;

<h3>Project: Panorama, Bowen Hills</h3>

<h3>Developer: Arden Group</h3>

<h3>Apartments: 256</h3>

Completing the top five is Panorama, an Arden Group ready-to-move-in apartment project in Bowen Hills.

Boasting a prime location just two kilometres from the CBD and a mere 10-minute drive to the airport, Panorama offers completed apartments featuring a choice of one-bedroom plus a multipurpose room or two bedrooms.

[smartcode_project:default project_id=7711 project_image_fid=196813]

The development's Skydeck on level 26 offers residents a chance to soak in the city's beauty with its unobstructed vistas of the Brisbane River and the city skyline. This outdoor oasis also includes an outdoor movie screen, a rooftop bar and dining area, and multiple barbecue areas.

A fully equipped gym and a 30-metre lap pool, a sauna, a zen garden, and day beds are also available for residents.

[smartcode_project:default project_id=7711 project_image_fid=196770]

Panorama also offers an on-site property manager to ensure residents receive excellent service and support.

With a proven track record of zero per cent vacancy rates, Panorama presents an exceptional investment—owners can expect immediate returns, with rental payments made every week.

Prices start from $440,000 for a one-bedroom plus MPR and car and $570,000 for a two-bedroom apartment.

There's been a number of projects that have caught the eye of prospective buyers in the Brisbane local government area this year

Brisbane’s top five most popular off the plan apartment developments on Urban in 2023 

Buyers have made a rush at the latest luxury living opportunity to arrive in <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a>, with Sherpa Property Group’s <a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> achieving over $45 million in sales just two weeks after launching to market.

The&nbsp;<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">in-demand project</a>, located on a 1,583 sqm site at <a href="/new-apartments/perspective-nexus">949-953 Gold Coast Highway</a>, will rise nine storeys and deliver and exclusive collection of 32 spacious apartments, including two half-floor penthouses and three sky homes with their own private rooftops.

<a href="/developers/sherpa-property-group">Sherpa Property Group’s</a> latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the <a href="/new-apartments/palm-beach-qld-4221">Palm Beach</a> Parklands.

[smartcode_project:default project_id=108324 project_image_fid=232460]

The development is the product of a detailed design process led by HAL Architects that has taken into account the requirements for the Gold Coast city plan and the expectations of the local community.

“We have experienced an incredible level of inquiry and within weeks of launching we have sold 14 out of 32 apartments, including both penthouses at <a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a>,” <a href="/developers/sherpa-property-group">Sherpa Property Group</a> Founder Christie Leet said.

“The $45 million in sales reflect the demand for luxury living down this end of the Gold Coast, with few apartments the size or calibre of these, which has really drawn buyers’ attention.”

[smartcode_project:default project_id=108324 project_image_fid=232461]

The luxury development is primed for owner occupiers and downsizers who will enjoy unrivalled residents’ recreational and state-of-the-art amenities.

Read more:&nbsp;<a href="/news/qld/first-look-sherpa-file-plans-for-luxury-chevron-island-apartment-development">Why I bought a Perspective Nexus, Palm Beach apartment</a>

“Enquiry to date has been from a diverse mix of buyers including downsizers and locals looking for larger living spaces without compromising on luxury," Leet added.

"A lot of people just want to buy for the specific location and don’t want to miss out on being in the project. Feedback we had from buyers is that they were so excited to get into the location and secure their spot in the development

“The locality of buyers we’ve welcomed is a huge testament to the appeal of <a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> to discerning locals who have a deep appreciation and understanding of the project’s positioning in one of the coasts’ most coveted residential addresses.”

[smartcode_project:default project_id=108324 project_image_fid=228359]

The sales come at a time whilst Gold Coast is experiencing a dramatic uptick in apartment sales from the previous quarter. Recent data from Urbis reveal that during Q3 of 2023 there were 470 sales on the Gold Coast, up from the previous 200 in Q2 of 2023.

<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> will deliver a suite of luxury two-to-four-bedroom apartments, ranging from 112sqm to 661sqm, with those on upper levels offering spectacular views of Currumbin Alley and beyond to the Pacific Ocean.

<a href="/news/qld/sherpa-launch-perspective-nexus-palm-beach-apartments">Perspective Nexus</a> will introduce a wide range of luxurious communal amenities for residents, including a dedicated wellness space with features such as a cold plunge pool and steam room with internal stairs down to the residents recreational space which includes a spa, pool, private dining and wellness garden.

As well as the addition of more than 70 car parks to the site for both residents and visitors, electric car charging stations, individual apartment storage, car wash bay, parcel delivery storage (including cold store) and more.

In view of the project being code assessable, the company anticipates development approval will be granted by February.Construction is planned to start in the first quarter of 2024 for completion in the third quarter&nbsp; of 2025.

<a href="/developers/sherpa-property-group">Sherpa</a> recently submitted plans <a href="/news/qld/first-look-sherpa-file-plans-for-luxury-chevron-island-apartment-development">for their prime Chevron Island development site</a> at 107 Stanhill Drive.

[smartcode_project_cta:default project_id=108324]

The luxury development is primed for owner occupiers and downsizers who will enjoy unrivalled residents’ recreational and state-of-the-art amenities

Sherpa's Perspective Nexus Palm Beach apartments approach 50% sold after quickfire sales

The Gold Coast apartment development is set for a big 2024, with a swell of new projects likely to hit the market in the first half of next year.

A number of projects first released to the market in 2022 and early 2023 have overcome both presales hurdles and building negotiations to be under construction and looking to complete their builds next year.

These apartment developments are expected to be as affordable as off the plan apartments will likely get for the short to medium term on the Gold Coast. With the heightened cost of land, labour, and materials, developers have to pass on those costs to buyers or projects won't be feasible. That means higher asking prices for off the plan apartments.

We've taken a look at the top eight apartment developments currently on the market, the majority of which are under construction.

<h3>Project: Lagoon Main Beach</h3>

<h3>Developer: Drew Group</h3>

Drew Group's fully-funded Lagoon, a 31-level twin-tower apartment development in Main Beach, will be one of the most impressive projects in Main Beach when it's completed in late 2025.

Popular with locals and in recent months Sydneysiders, Lagoon Main Beach comprises 259 units spread across two towers, Sunrise Tower and Sunset Tower.

[smartcode_project:default project_id=108747 project_image_fid=193023]

The project was <a href="/news/qld/gold-coast-apartment-sales-jump-in-q3-2023-urbis">one of the best sellers on the Gold Coast in Q3 2023</a> according to Urbis.

In addition to spacious apartments, Lagoon offers a range of high-end amenities, including a podium-level barbecue garden with designer cooking stations, a fully equipped function lounge, a fitness centre with a connected yoga terrace, and a 24/7 network-connected boardroom catering to flexible co-working needs.

[smartcode_project:default project_id=108747 project_image_fid=221589]

Pezet Matheson has seen every type of buyer at Lagoon Main Beach, but the most common has been rightsizers and downsizers looking to take advantage what is a rare opportunity to buy in Main Beach without the price tag the majority of more boutique developments command.

Construction is well underway, with Hutchinson Builders handling the build. The completion of Lagoon is expected in the third quarter of 2025.

<h3>Project: Chevron One, Chevron Island</h3>

<h3>Developer: Bensons Property Group</h3>

Prospective buyers still have a chance to snap up a home in the tallest tower in Chevron Island’s sought-after Stanhill Drive dress circle, developer Bensons Property Group's Chevron One.

Upon completion in mid-2025, Chevron One's 41 levels will home 228 one, two and three-bedroom apartments and nearly 2000 sqm of resort-style amenities.&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=167320]

Residents will benefit from a private outdoor lagoon pool with a floating cinema, sculptured gardens, an indoor-outdoor beach, a lap pool, a spa and a sauna.

Chevron Island has become incredibly popular with locals and interstate buyers due to the convenience of Surfers Paradise just over the bridge, but also the fact it's just outside of the hustle and bustle Surfers brings.

[smartcode_project:default project_id=6515 project_image_fid=215811]

Just minutes from Surfers Paradise and the new arts and cultural precinct, Chevron One residents will savour a village-like atmosphere yet an urban lifestyle experience.

Thomas Drive on Chevron Island features famous local cafés, bars, al fresco dining and a diverse range of restaurants across multiple cuisines.&nbsp;

The Marchese Partners-designed Chevron One is currently under construction by ICON.

<h3>Project: Tapestry, Chevron Island</h3>

<h3>Developer: Siera Property Group</h3>

The in-demand $135 million Tapestry project by Siera Property Group kicked off its construction in September after the Brent Thompson-led developer brought construction in house for the Chevron Island apartment development.

Residents are one step closer to witnessing the rise of the 22-level sculptural tower, designed by the local architecture firm BDA and situated on the prized east side of Chevron Island at 39 Darrambal Street.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Tapestry features one of the most impressive rooftop amenity levels on the Gold Coast. The 700 sqm space features&nbsp;separate recreation zones for residents to relax, connect and engage in the elevated landscape.

It includes a private dining space and kitchen, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

[smartcode_project:default project_id=108641 project_image_fid=192964]

Prospective homebuyers can still secure a home at Tapestry. The remaining two and three-bedroom apartments start at $939,900.

Due to high demand in the early stages of marketing for Tapestry, Siera Property Group received approval to add another five levels to the tower, with the extra apartments to fill the market in the area. Tapestry has a total of 113 apartments.

[smartcode_project:default project_id=108641 project_image_fid=205166]

The rooftop amenity at Tapestry is set to rival the best on the Gold Coast, featuring a private dining space, which can be closed off to the rest of the rooftop, an infinity pool with views across Surfers Paradise, a gym, and outdoor lounge areas.

Tapestry is slated for completion in July 2025.

Tapestry is Siera Property Group's first foray into the Gold Coast apartment market, having had success for several years developing in Brisbane's inner ring. They're now developing Pipis, a luxury collection of apartments on the Bilinga beachfront, and have approval for an owner-occupier tower on Enderley Avenue, Surfers Paradise.

<h3>Project: Pipis Bilinga</h3>

<h3>Developer: Siera Property Group</h3>

The end of 2023 has been a busy year for Siera, who also kicked off construction of Pipis, the&nbsp;$85 million apartment development at 303 Golden Four Drive.

Under construction by LPS Group, the 11-level building will offer just 19 residences, 17 half-floor apartments and two double-storey penthouses.

A number of apartments were snapped up <a href="/news/qld/siera-property-group-kick-off-construction-at-pipis-bilinga">ahead of the recent sod turning ceremony</a>.

[smartcode_project:default project_id=138311 project_image_fid=217332]

With its direct beachfront access and excellent connectivity to the Gold Coast, Pipis has primarily attracted downsizing owner-occupiers from local areas, Brisbane and Sydney.

SIERA Founder and Managing Director Brent Thompson said early purchasers were eager to jump at the pre-release opportunity to secure a boutique apartment before the opening of the sales gallery.

“Sales enquiries are increasing with the mobilisation of the construction team on site, and we have already had strong interest from purchasers looking for a second holiday home at Pipis because of its proximity to Gold Coast Airport and absolute beachfront position,” he said.

[smartcode_project:default project_id=138311 project_image_fid=217334]

Positioned in the exclusive pocket of Bilinga on the Southern Gold Coast, Pipis benefits from its proximity to the evolving Golden Four Drive strip and the developing Kirra Point to the south.

Thompson emphasised that these apartments are ideal for affluent downsizers seeking high-end convenience and a low-maintenance sea-change, considering the rarity of such beach access.

&nbsp;

<h3>Project: Vista Surfers Paradise</h3>

<h3>Developer: MRCB</h3>

Vista, the debut Surfers Paradise apartment development by Malaysian/Melbourne developer MRCB, comprises 280 one, two and three-bedroom apartments priced from $890,000.

The 51-level development saw 80 of its 280 apartments sold in the third quarter of 2023 at an average price of $1,013,138.

[smartcode_project:default project_id=112730 project_image_fid=209972]

26 Vista’s sales agent, Urban Activation Director Matt George, said the project's success is primarily due to the limited supply and sustained demand for premium properties like 26 Vista on the Gold Coast.

George says buyers also see value in the beachside location, which is centrally positioned to the Gold Coast, sitting directly above the Northcliffe tram station, allowing residents to easily commute across the Gold Coast.

MRCB International CEO Ravi Krishnan says the strong sales achieved to date are synonymous with creating a product that meets the market needs; there is more emphasis on sustainability, wellbeing and space.

[smartcode_project:default project_id=112730 project_image_fid=209978]

The building is all-electric, with no gas and a low carbon footprint.

Residents can access many amenities, including an internal wellbeing precinct featuring a spa, gym, outdoor yoga space, pool, sauna, steam room, and residents' lounge.

There are 187 apartments still available in 26 Vista. The project is due to be completed in 2026.

<h3>Project: Perspective Nexus</h3>

<h3>Developer: Sherpa Property Group</h3>

Sherpa's recently launched development in their sought-after Perspective series, Perspective Nexus, has already sold half of its units ahead of the construction commencing in February 2024.

Located in the equally sought-after Palm Beach, Perspective Nexus, just 32 apartments designed by Hayes Anderson Lynch comprise a sole two-bedroom apartment, 21 three-bedroom apartments with a multi-purpose room, and five four-bedroom apartments. There are also two penthouses and three two-level skyhomes with private rooftops.

[smartcode_project:default project_id=108324 project_image_fid=232452]

Prospective homebuyers have at least 13 more apartments remaining, considering three units are now under offer.

A recent purchaser said the location of the development, its internal amenities, and the developer's reputation were the driving factors in her purchase.

[smartcode_project:default project_id=108324 project_image_fid=231829]

Perspective Nexus will be home to an array of luxurious communal amenities, including a dedicated wellness space featuring a magnesium spa, outdoor kitchen, sauna, hot and cold pools, a steam room, and a wellness garden for residents to enjoy the beachside ambience.&nbsp;

Additional amenities and features will include an electric car charging station, individual apartment storage, a car wash bay, a dog wash, and parcel delivery storage, including a cold store.&nbsp;

Construction is expected to be completed in the third quarter of 2025.

<h3>Project: Victoria &amp; Albert</h3>

<h3>Developer: Iris Capital</h3>

Iris Capital's prestigious development in Broadbeach, Victoria &amp; Albert has been met with a remarkable surge in buyer demand throughout 2023.

The project, referred to as V&amp;A, has attracted diverse buyers, as Colliers sales agent Paul Putsay highlighted.

"Interestingly, V&amp;A has enticed a delightful mix of fly-in and fly-out clientele in the Albert Tower, while the Victoria building has seen a significant uptake from hybrid investors and occupiers," Putsay noted.

"The building is also proving to be extremely popular with buyers from Melbourne and Sydney, partly because of the $200 million commercial retail and fresh food precinct underneath."

[smartcode_project:default project_id=107928 project_image_fid=234095]

With at least 50 per cent of the development already sold, a range of one, two, and three-bedroom apartments is still available.&nbsp;

Designed by DBI, V&amp;A comprises two residential towers: Victoria Residences and Albert Residences.

Victoria Residences offers carefully crafted one and two-bedroom apartments, while Albert Residences offers luxurious, home-sized residences starting at $1.99 million with panoramic views of the Gold Coast's natural landscape.

[smartcode_project:default project_id=107928 project_image_fid=234090]

V&amp;A will feature a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground, all surrounded by sub-tropical gardens.

Approaching the completion of early construction works by CF Group, the Sam Arnaout-led developer will be building the next stage of construction of its much anticipated two-tower development, Victoria &amp; Albert, by itself. They've announced Iris Built is already fully licensed with the QBCC.&nbsp;

The Gold Coast's top seven apartment developments ready to buy heading into 2024

National property group Traders in Purple has topped out <a href="/new-apartments/northsea-15-19-crown-street-wollongong">Northsea</a>, the <a href="/new-apartments/wollongong-nsw-2500">Wollongong apartment development</a> they've been working on with the&nbsp;NSW Land and Housing Corporation and community housing provider Housing Trust to help bridge the gap in affordable housing.

Sold out earlier this month, <a href="/new-apartments/northsea-15-19-crown-street-wollongong">Northsea</a> integrates&nbsp;affordable rental and privately owned apartments in a single building, a deliberate move to provide more equitable access to secure quality housing.

Due for completion in mid-2024, <a href="/new-apartments/northsea-15-19-crown-street-wollongong">Northsea</a> rises 13 storeys overlooking Wollongong’s beaches and consists of 38 two and three-bedroom private apartments, 18 apartments for Land and Housing Corporation and nine&nbsp;for Housing Trust, dedicated to affordable housing.

<img alt="Northsea" data-entity-type="file" data-entity-uuid="37ed2e0e-e99d-4808-9afd-544ba065fe7a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-19%20at%208.53.50%20am.png?VersionId=hO_eVtcjwtB0gLR6wZ9SxthHbSkNtY._" />

The 65 new homes will relieve some of the housing pressure in <a href="/new-apartments/wollongong-nsw-2500">Wollongong</a>, where vacancy rates remain stubbornly below one per cent, but barely puts a dent in the shortfall of houses. The housing shortage is affecting the local economy where a recent survey revealed 93 per cent of businesses were suffering workforce shortages which 43 per cent attributed to the lack of affordable housing.

The survey also found that the rising cost of private rental housing meant key workers were paying 40 per cent of their income on rent.

Traders In Purple Director Charles Daoud, a passionate advocate for increasing the supply of community housing, said the lack of affordable homes risked undermining the fabric of Australian communities.

“People who are couch surfing, eking out an existence on inadequate retirement savings or trying to raise a family while paying half their income in rent, deserve better in a country like Australia,” Daoud said.

“Many of these people are key workers carrying out essential but often low paid jobs.

“The public private partnership behind <a href="/new-apartments/northsea-15-19-crown-street-wollongong">Northsea</a> gives hope to people who have a valuable contribution to make but are hindered by the costs or unavailability of a decent, affordable home. Local businesses are hurting too because the workers they need to operate at full capacity cannot find an affordable place to live.”

<img alt="Northsea" data-entity-type="file" data-entity-uuid="582d6f9d-9a5e-4002-88d0-2c801bb4e927" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-19%20at%208.54.03%20am.png?VersionId=rgWZgklvZndKE3bE3ONsMpuFuhnvQPNL" />

Daoud said the proposition to integrate private and community housing in a single building was considered by many as posing a risk to the marketability of the private dwellings.

“Contrary to many expectations purchasers were comfortable about living with community housing tenants once they understood their neighbours would be people just like them,” said Daoud.

<a href="/new-apartments/northsea-15-19-crown-street-wollongong">Northsea</a>&nbsp;was 85 per cent sold before construction commenced and completely sold out before the topping out.

Daoud says he wants&nbsp;the industry and politicians of all stripes to take notice of the success of Northsea.

"This is the blueprint for dealing with the current housing crisis, with a financial model that works and a social return that is beyond calculation.”

NSW Land and Housing Corporation&nbsp;Chief Executive Michael Wheatley reiterated the role of partnerships in addressing the urgent need for additional housing.

“The housing crisis is real and growing, and it’s only through innovative partnerships like this one, which leverages the expertise of the community housing sector that we’re able to deliver much needed housing sooner,” Wheatley said.

Traders in Purple has over $3 billion of projects under construction or in planning across NSW, Queensland and Tasmania. It is delivering five projects in partnership with NSW Land and Housing Corporation, including Canvas, the largest land subdivision currently in market in metropolitan Sydney.

Traders recently <a href="/news/qld/first-look-traders-in-purple-secure-approval-for-woody-point-apartment-development-on-former-palace-hotel-site">secured approval for a Woody Point apartment development</a>, on the site of the former Palace Hotel.

Charles Daoud says he wants the industry and politicians of all stripes to take notice of the success of Northsea

Traders in Purple top out Northsea Wollongong with mix of affordable and private apartments

Longtime Gold Coast apartment developer Morris Property Group is tapping into the demand from owner-occupiers for new apartments in the sought-after Broadbeach postcode with their latest tower, Crest Broadbeach.

The striking 40-level tower will sit on Armrick Avenue, a prime spot across the road from the Broadbeach Bowls Club which for buyers not only means great proximity to amenity, but protected views to the south. It will comprise 182 two and three-bedroom apartments designed by the&nbsp;Canberra-based architecture firm Guida Moseley Brown.

Crest Broadbeach's architecturally designed exterior draws inspiration from the motion of the waves, presenting a distinctive profile against the city skyline. This design, reflecting the sophistication of the neighbourhood, includes resort-style amenities that complete the residents' 5-star lifestyle.

[smartcode_project:default project_id=112024 project_image_fid=241133]

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Each apartment has been meticulously designed to make the most of every square inch and carefully detailed and furnished to make the residents' lifestyle practical and convenient.&nbsp;

Hybrid timber floors and full-height glazing grace the open living and dining areas, creating a warm and airy feel in every home.

[smartcode_project:default project_id=112024 project_image_fid=241135]

The practical kitchens are well-appointed with high-quality European Bosch appliances and showcase an island and bar seating.

Three distinct colour palettes allow homeowners to personalise their space from dark, contemporary charm, timeless harmony of light and shade to simple and airy.

The ducted reverse cycle heating and cooling with condensers are located in a dedicated area away from the balcony. This gives residents a clutter-free and quiet outdoor living space overlooking rare, protected views—with no risk to the south over the park of being built out).

[smartcode_project:default project_id=112024 project_image_fid=241137]

The extensive amenity on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, features a pool, gym, lounge space and a communal barbecue area.

Crest Broadbeach will be conveniently situated within 800m of the Broadbeach CBD, less than two kilometres from the Pacific Fair Shopping Centre and the Surfers Paradise CBD.

Crest Broadbeach marks Morris Property Group's eighth high-rise residential project in Broadbeach. Nearby, the developer has successfully delivered Opus Broadbeach, a 26-storey, 113-apartment project, Qube&nbsp;Broadbeach, a 40-storey, 202-apartment project, and Koko, a 31-storey development comprising&nbsp;98&nbsp;two-bedroom &amp; three bedroom apartments

[smartcode_project_cta:default project_id=112024]

Crest marks Morris Property Group's eighth high-rise residential project in Broadbeach

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News