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

Joel Robinson

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

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

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

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

Sydney-based developer <a href="/developers/fortis">Fortis</a> has launched its maiden Brisbane riverfront apartment development, <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House</a>, in the affluent inner-city suburb <a href="/new-apartments/kangaroo-point-qld-4169">Kangaroo Point</a>.

The <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">$100-million development at 44 O'Connell Street</a> will comprise 14 whole-floor three-bedroom apartments across 15 levels, including a penthouse with a private rooftop terrace and pool. The development will "hover" over an 1197 sqm site, replacing a 1960s six-storey block of 13 units.

Designed by Plus Architecture, <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House</a> pays homage to the natural beauty and earthy tones of the Kangaroo Point Cliffs. The concrete and glass facade creating an interplay between light and shadow.

[smartcode_project:default project_id=109322 project_image_fid=233859]

In collaboration with Mim Design, <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House</a> introduces the first northeast-facing aspect to Kangaroo Point in over a decade.

The spacious apartments are meticulously designed to showcase sunrise views over the Brisbane River and the Howard Smith Wharves in the distance through 45 linear metres of floor-to-ceiling glazing.

The living and dining areas and the main bedroom overlook glimpses of the iconic Story Bridge over the river, as do full-width outdoor balconies.&nbsp;

<img alt="Fortis" data-entity-type="file" data-entity-uuid="badfcc24-a282-4bfe-bc6a-95ff6bdcba30" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-12%20at%202.52.53%20pm.png?VersionId=h.Iit48AENpXH2bk9JtYBMtn6qcsYDCB" />

Entertainment spaces hug the waterfront, taking full advantage of the ideal northeastern orientation, while quieter retreats reside at the apartment’s rear.

The apartments will also have operable windows and balcony doors to ensure ventilation and privacy, with slab protections on the northern facade and vertical blades for solar protection.

"The simple architectural form [of River House] comprises of horizontal eaves to provide shading on the north, east and western facades, precast panels are introduced strategically to block the unwanted sun, and vertical fins are proposed to provide shading and screening to apartment living areas," Plus Architecture's Director Danny Juric said.

As the apartments are full-floor, each unit is designed to embrace natural elements and reduce reliance on artificial energy sources.

Beyond the lavish interiors, a tiered communal recreation area with indoor and outdoor resort-style amenities, including a riverfront infinity-edge pool, leisure deck, wellness facilities with a sauna, steam room, and gym, and landscaped pockets for entertaining, is planned for the tower’s base.

<img alt="Fortis" data-entity-type="file" data-entity-uuid="fce0134a-1393-40a5-aa55-ed3eb916406b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-12%20at%202.52.58%20pm.png?VersionId=Be5as2bytihdA1pxEXE_film.UmP2bnm" />

Shaded gardens designed by Lat Studios, a communal lawn descending to the river’s edge, and a private pontoon aim to maximise the site’s waterfront offering.&nbsp;

Three basement levels will provide 46 car parking spaces, with access via a 50m single-lane driveway featuring a proposed "signalised system" to facilitate safe and efficient vehicle movement.

River House is just a short drive to the Pacific Motorway, an hour from the Gold Coast, whilst the proximity to the Clem7 tunnel means a 15-minute drive to the airport through just one set of traffic lights or a leisurely 80 minutes to Mooloolaba.

River House's construction is set to commence in mid-2024, with completion expected in the fourth quarter of 2025.

[smartcode_project_cta:default project_id=109322]

In collaboration with Mim Design and Plus Architecture, River House introduces the first northeast-facing aspect to Kangaroo Point in over a decade

Inside Fortis's debut Brisbane apartment development, River House at Kangaroo Point

Sunkin Property Group is bringing one of the most facility-laden developments Bayside has ever seen at Highett Common, its recently launched masterplanned development in the heart of Highett.

Sprawling across a 9.3-hectare block, Highett Common will feature diverse, architecturally designed apartments and townhomes that will soon be home to more than 1000 residents—overlooking views across a new conservation reserve and parkland.

So far just Park House, the first apartment building in the masterplan, and a collection of townhouses, have been released to the market, to great success. Over 50 per cent of the one, two and three-bedroom apartments in Park House have been snapped up.

Making sure residents have significant amenity when they move into Park House in mid to late 2025, part of the first stage will incorporate numerous health and wellbeing facilties.

Carefully curated resident amenities offer a daily resort living experience on the southern end. Lounging, entertaining, fitness, and well-being spaces seamlessly blend in with the landscaped outdoors.&nbsp;

Wide glass doors open to sun-drenched decks around an outdoor pool. After work, residents can clear their minds on the treadmill while enjoying green views or find their zen with a yoga session.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=213940]

These amenities are located near the Southern Common's conservation park and trails.

Meanwhile, residents can host celebrations with family and friends in a private dining room and expansive indoor and outdoor lounge areas.&nbsp;

Residents can dip in the indoor lap pool or exercise the body and the mind in the fully-equipped gym and wellness area for meditation, yoga, and group fitness throughout the year.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=213939]

These amenities are across the Northern Common's park, playground, and BBQ area.

The development also incorporates dedicated spaces for work and study, workshops, and community meetings at the new public Highett Library.

Homeowners will have access to a platform enabling them to connect with neighbours via an innovative community app. This app allows residents to book amenities, receive project updates and alerts, join social clubs, sign up for fitness and wellness activities, and access local business services.

Designed by ClarkeHopkinsClarke, the Highett Common precinct aims to become Victoria's first medium-density, Net Zero Carbon community and the most significant development outside Melbourne’s CBD to shift to all-electric.

[smartcode_project:default project_id=108019 project_image_fid=213941]

The precinct will feature biophilic-designed homes targeting high NATHERS ratings through various environmentally conscious initiatives, including solar panels for energy generation, smart car charging capability, recycled rainwater for irrigation, sustainably sourced timber and steel, and many more energy efficiency features.

The precinct also sets a precedent for being a walkable community to reduce emissions, encourage physical activity, and minimise the need for vehicle travel.

Highett Common has been carefully planned with connectivity at its core, with numerous destinations accessible by a stroll, jog, drive, or ultra-convenient access to public transport.

[smartcode_project:default project_id=108019 project_image_fid=234794]

The project will reserve four hectares of land for greenery, with three hectares for a conservation area and one hectare for public parkland.

The design of the open spaces has been inspired by the nature already on the site, says Tract senior principal landscape architect Mariano Lopez.

“Our design approach is to ensure that the landscape architectural treatment responds to the site conditions and context, that is respectful of the place and provides a meaningful site response.”

Highett Common is situated 20 kilometres from Melbourne's CBD. It is just a two-minute walk from Highett station, while the Highett Shopping Centre, with a Woolworths supermarket and specialty shops, is conveniently located next door.

[smartcode_project_cta:default project_id=108019]

Highett Common: Bayside's most amenity-rich masterplanned community

Queensland-based property developer Pradella has secured its next Brisbane apartment development site.

They've paid $6.1 million for a&nbsp;1,083 sqm site in Toowong, opposite Toowong Memorial Park.&nbsp;

The corner site at <a href="/new-apartments/70-sylvan-road-toowong">70 Sylvan Road</a> is zoned for&nbsp;medium-density residential and has development potential for an eight-storey residential development.

The property is currently fully occupied by a mix of residential and office tenants on short-term leases.

There had been strong developer interest in the suburb, CBRE's&nbsp;Adelaide O’Brien and Will Carman said.

"The location has been a great success story for local and interstate developers who recognise its attraction to both the owner occupier and investor market,” O’Brien said.

“The property has the ability to generate a robust fully leased net annual income providing Pradella with secure earnings to strategise for future development.”

Toowong is located between Mount Coot-tha and the north bank of the Brisbane River and is surrounded by successful Brisbane developments by companies such as <a href="/developers/mosaic-property-group">Mosaic</a>, BPM and <a href="/developers/consolidated-properties">Consolidated Properties</a>.

There had been strong developer interest in the suburb, CBRE's Adelaide O’Brien and Will Carman said

Pradella secure their next Brisbane apartment development

Veteran Canberra and <a href="/developments/gold-coast-qld">Gold Coast</a> developer <a href="/developers/morris-property-group">Morris Property Group</a>, one of the most prolific developers on the glitter strip, has completed yet another apartment project.

They've recently welcomed residents to <a href="/buildings/essentia-surfers-paradise-18-remembrance-drive-surfers-paradise">Essentia Surfers Paradise</a>, their waterfront development at 18 Remembrance Drive, on the Nerang River facing Paradise Island.

&nbsp;

The nine-level building, designed by Morris' go-to architecture firm&nbsp;Guida Moseley and Brown, comprises&nbsp;88 one and two-bedroom apartments.

&nbsp;

Each apartment is carefully considered to maximise the expansive views and light. The natural colour palettes and quality inclusions perfectly balance aesthetics and functionality.&nbsp;

The open-plan living and dining area opens to the balcony, which is large enough to set up a table to eat or lounge around with family and friends while enjoying the CBD and Nerang River views.

The galley kitchen features a large, laminated benchtop island that doubles as a breakfast bar. A long picture window by the counter leads natural light directly to the area.

The main bedroom is softly carpeted for extra comfort underfoot and leads to a private balcony.

The bathrooms are simple and functional, featuring white fixtures, a wooden and mirrored vanity unit, and a glass-enclosed shower.

All residents can enjoy access to the amenities, including a spacious riverside recreational deck, an equipped gymnasium, an outdoor pool, and a BBQ dining area.

<a href="/buildings/essentia-surfers-paradise-18-remembrance-drive-surfers-paradise">Essentia</a> is situated just moments away from Capri Via Roma, a new hub with trendy cafes, restaurants and stylish boutiques.

<a href="/developers/morris-property-group">Morris Property Group</a> has a four-decade history on the Gold Coast, and has completed over 1,000 apartments on the Gold Coast.

We recently named <a href="/developers/morris-property-group">Morris</a> as <a href="/news/qld/the-top-12-developers-to-watch-out-for-on-the-gold-coast-in-2024">one of the developers to watch in the Gold Coast in 2024</a>, with a number of projects primed to hit the market.

[smartcode_project_cta:default project_id=9816]

We recently named Morris as one of the developers to watch in the Gold Coast in 2024, with a number of projects primed to hit the market

Morris Property Group complete another Gold Coast apartment development

Sunshine Coast developer Habitat's recently launched apartment development, St Clair in Birtinya, is attracting both local and interstate investor interest due to&nbsp;the robust infrastructure pipeline in the area and anticipated population boom in population in the Sunshine Coast region.

Birtinya, which neighbours Bokarina and Wurtulla, will become a main attraction for the Sunshine Coast and have significant transport links as part of the government's $10 billion infrastructure pipeline.

The government's light rail project, connecting the Maroochydore CBD with Caloundra, will pass through Birtinya and the $3.2 billion, 37-kilometre rail extension between Beerwah &amp; Maroochydore.

[smartcode_project:default project_id=108399 project_image_fid=232439]

Further infrastructure upgrades in the region include the Sunshine Coast Airport expansion of the 5.6-hectare greenfield Maroochydore CBD, which will contribute $4.4 billion to the economy, and the $3.2 billion investment in the Sunshine Coast Health Precinct.

All of the infrastructure—the expansion of the Sunshine Coast Airport, the light and heavy rail extension project, solar farm, submarine cables, injection on the Sunshine Coast health precinct, and a new USC University campus—will create over 100,000 jobs for the region which is already booming more than some of Australia's capital cities.

The GDP of the Sunshine Coast is $24 billion a year, which surpasses Adelaide's, Canberra's, and Darwin's GDP. Sunshine Coast's economic growth is expected to reach $33 billion by 2033.

[smartcode_project:default project_id=108399 project_image_fid=232440]

Sunshine Coast has evolved beyond its initial small-town status, indicating significant potential for growth and an attractive investment opportunity.

The transformation into a larger city, coupled with unprecedented factors, is expected to lead to a substantial economic expansion, potentially more than doubling in size within the next 15 years.

Despite the positive outlook, challenges such as record-low unemployment and persistent population growth highlight an increasing demand for housing on the Sunshine Coast. These challenges are further intensified by a growing shortage of available dwellings, creating a critical opportunity for astute investors to capitalise on the favourable conditions anticipated.

[smartcode_project:default project_id=108399 project_image_fid=230354]

According to Bis Oxford Economics, solid population growth, combined with supply-side challenges, is expected to result in the undersupply of dwellings on the Sunshine Coast rising from 3,900 dwellings in FY2023 to approximately 4,800 dwellings in FY2027.

Investors at St Clair, two adjoining buildings on the water, can expect to secure tenants anywhere between $600 to $680 a week for the two-bedroom apartments, which would reflect a rental yield of around four per cent. They start from $749,900.

The three-bedroom apartments, priced from $869,900, could see yields at comfortably over four per cent if they secured a tenant at the lower end of the $700 to $900 a week forecast. At closer to $900 a week, that yield&nbsp; jumps to nearly 5.5 per cent.

[smartcode_project:default project_id=108399 project_image_fid=230765]

The $150 million development, KArchitecture-designed St Clair, on two side-by-side blocks on Waterfront Retreat, will comprise two eight-level residential towers with 200 two, three and four-bedroom apartments.

There will be a maximum of 13 apartments on each level. Some large penthouse apartments will have over 50 sqm of outdoor space, while a handful of courtyard apartments will have around 90 metres of gardens.

A 25-metre resort-style lap pool is on the ground level, featuring a five-metre shallow wading entry adjacent to a BBQ pavilion. A residents' 16-seat dining room with a private outdoor terrace complements the pool for social gatherings.&nbsp;

[smartcode_project:default project_id=108399 project_image_fid=230355]

Crowning St Clair is a communal rooftop terrace enveloped by lush subtropical landscaping by Place Design Group, with an outdoor kitchen and BBQ facilities. The rooftop deck faces Bokarina Beach towards the east, while the lounge overlooks the hinterland to the west.

Additional amenities and services include an outdoor beach shower, dog wash facilities, parcel locker storage, and professional property management.

Builder developer Habitat, who are currently building The Corso in Maroochydore where they are also seeing significant interest from Sydney investors, has fast tracked construction due to strong sales.

Habitat Construction is estimating completion of St Clair in Q1 2026.

[smartcode_project_cta:default project_id=108399]

The GDP of the Sunshine Coast is $24 billion a year, which surpasses Adelaide's, Canberra's, and Darwin's GDP

Why Birtinya's newest off the plan apartment development St Clair stacks up for investors

Spring Square by Poly ticks all the boxes for the first home buyer: affordability, community, strategic location, and quality interiors.

The <a href="/news/nsw/nsw-stamp-duty-the-july-1-2023-change-that-will-affect-first-home-buyers">substantial change in stamp duty concessions</a> by the NSW Government earlier has kicked started first home buyer interest in the off the plan apartment market. Every apartment at Spring Square subject to no stamp duty for first home buyers.

The previous threshold of $650,000 has now increased to $800,000, with staggered concessions applicable for properties up to $1 million. The New South Wales government estimates that a first home buyer acquiring an $800,000 property will save up to $31,090 under the revised regulations.

Apartments at <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">Spring Square by Poly </a>start from just over $450,000, and the two-bedrooms from $645,050. The priciest two-beds start from $714,400.

Poly Global also extends a five per cent discount on the retail pricing for all apartments at <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">Spring Square</a>, making it even easier for first home buyers and opening the door to savvy investors.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47627]

Located on a 46,400 sqm site at <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">32 Kitchener Parade</a> at the site of an old RSL, <a href="/buildings/spring-square-by-poly-bankstown-32-kitchener-parade-bankstown-nsw-2200">Spring Square</a> comprises 516 apartments across five towers over significant retail and commercial space.

Designed by Scott Carver, the buildings take on a striking contrast of tonal brick, extensive glazing, and vertical louvres.

The master plan includes retail shops, a 684 sqm “health services facility,” a childcare centre, and a basement car park with 714 parking spaces.

Residents also benefit from various communal spaces, with interconnecting walkways and green parks.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47631]

One of the standout features of Spring Square is the through-site link steps that traverse the development, serving as its iconic landmark. These steps provide access to both sides of the precinct and serve as a meeting point for residents to socialise and foster community.&nbsp;

The gardens within Spring Square are a vibrant and diverse playground with lush green lawns and native trees, offering the perfect backdrop for outdoor activities and relaxation, encouraging residents to unwind and connect with nature.

The outdoor barbecue and kitchen areas allow residents to enjoy alfresco dining with family and friends. Interspersed throughout the gardens are seating nooks that offer peaceful spots to relax, read a book, or enjoy the surroundings.&nbsp;

[smartcode_project:default project_id=7054 project_image_fid=47632]

But it's not just about the green spaces. Spring Square will also be home to several small cafes, bars, and outdoor al fresco dining options. These will spill out onto the podium and ground level, creating a vibrant social hub at the residents' doorstep.

Upon entering Spring Square, residents and visitors are greeted by the grand ceiling of the impressive lobby, featuring detailed bronze textures and warm lighting for a welcoming atmosphere reminiscent of a boutique hotel.&nbsp;

The apartments come in various single and double-level layouts and crossover arrangements. The mix of living options caters to diverse residents, providing a flexible and dynamic living environment.

Each open-plan apartment features floor-to-ceiling windows that bring the outside into the living and dining areas, overlooking Spring Square's landscaped plaza.

[smartcode_project:default project_id=7054 project_image_fid=47636]

The modern kitchens boast ample storage space and high-end appliances. The 20-millimetre Caesarstone benchtops, powerful gas cooktops, and contemporary chrome tapware add to the elegant vibe, while the tinted mirror splashbacks elevate the overall aesthetic.

The bedrooms also feature large windows that invite morning sunlight and fresh air, while the plush carpets add an element of warmth and cosiness to the space. Some bedrooms have outdoor balconies and courtyards, allowing residents to bask in the first light of the day from the comfort of their beds.

Designed with style and functionality, the bathrooms have wall-hung vanities, streamlined shower screens, and a shower and bathtub.

With sustainability no longer optional for residential design, Poly Australia also integrated sustainability measures into the development, including greywater recycling, a central hot water system, solar panels, and energy-efficient air-conditioning. The project holds a BASIX rating for water efficiency.

Situated at the northern end of Bankstown's commercial precinct, Spring Square by Poly is strategically positioned to benefit from the renewed Canterbury-Bankstown to Sydenham corridor and the new Sydney Metro train line, just 300 metres away.

[smartcode_project_cta:default project_id=7054]

The substantial change in stamp duty concessions will also help more prospective buyers to enter the market, with every apartment at Spring Square subject to no stamp duty for first home buyers

How Bankstown's Spring Square by Poly apartments tick all the boxes for a first home buyer

The recently completed Stature Southbank by Melbourne developers Salvo Property Group has brought a distinguished new landmark in Melbourne’s coveted <a href="/developments/southbank-vic-3006">Southbank</a>&nbsp;locale.

It's its fringe location which has proven one of the most attractive propositions for purchasers, who have ranged from first home buyers to rightsizers.

The 34-level complex is perfectly positioned between fashionable South Melbourne and the vibrant Crown Casino Entertainment Complex and CBD, putting residents at the heart of Southbank's lively restaurant, bar, and fashion precinct.

[smartcode_project:default project_id=24683 project_image_fid=218540]

Melbourne's CBD, rich in history, culture, and life, is just steps away from <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature</a>. Landmarks like Federation Square and Bourke Street Mall are within a ten-minute drive.

Salvo Property Group Executive Chairman says inner-city&nbsp;living means you are relatively confined by your surroundings, but <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> is positioned on the fringe of the CBD.

"We are able to take advantage of the position so we can have uninterrupted views without fear of another building going there,” Salvo says.

This fringe positioning also brings proximity to quieter residential areas, gardens, and parks.

[smartcode_project:default project_id=24683 project_image_fid=222926]

Victoria's moniker as the Garden State is well-founded, with spectacular parks such as the Royal Botanic Gardens, Alexandra Gardens, and Albert Park Lake defining the inner city landscape.

<a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank's address</a> boasts an impressive walk score of 98 due to its proximity to the CBD, South Melbourne markets, transport links, and the Yarra River.&nbsp;

The Yarra River and its trails, weaving through <a href="/developments/southbank-vic-3006">Southbank</a>, offer residents opportunities for picturesque morning runs and afternoon strolls.

Along the Yarra River, the <a href="/developments/southbank-vic-3006">Southbank</a> Promenade is home to an extensive mix of premium boutiques from local and international designers and has become a destination for high-end shopping.&nbsp;

[smartcode_project:default project_id=24683 project_image_fid=222908]

In the CBD, Collins Street is also synonymous with luxury retail, featuring flagship stores from renowned brands like Louis Vuitton and Hermes.

Meanwhile, just a ten-minute walk south of <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> is the iconic South Melbourne Markets, where residents can access locally sourced produce.&nbsp;

Just a short stroll from <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature</a> along the <a href="/developments/southbank-vic-3006">Southbank</a> Promenade, residents can relish the flourishing arts and culture scene at the National Gallery of Victoria, The Arts Centre and other theatres and galleries.

[smartcode_project:default project_id=24683 project_image_fid=222926]

Melbourne's nightlife comes alive with intimate bars, luxurious nightclubs, and the Crown Entertainment complex, offering many venues for relaxation and enjoyment. Spencer Street hosts some of the best and closest bars, including The Boatbuilders Yard, Whitehart Bar, and Arbory Bar.

Residents can also indulge in the endless dining options in premier cafés and restaurants, with all the cosmopolitan tastes and cuisines of the city just moments away.

Along Clarendon Street are Pho a Gogo, Meatworksco, Chez Dree, St. Ali Coffee Roasters, Pietro e Paolo, and Kettle Black for a steaming cup of coffee, breakfast, lunch, and dinner.

For young families, <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> is within walking distance or a short ride to several educational institutions, from primary schools to universities.

Some surrounding schools within one kilometre are South Melbourne Primary School, Galilee Regional Catholic Primary School, Melbourne Grammar School, Victorian College Of The Arts Secondary School, Victoria University, and the University of Melbourne.

Designed by Squillace Architects, <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> comprises 175 apartments on Clarendon Street, with many offering uninterrupted views across Port Phillip Bay. Height restrictions in neighbouring suburbs ensure Stature's panoramic views of Albert Park Lake, the bay, and Port Melbourne remain unobstructed.

Residents will also have exclusive access to resort-style facilities within <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a>, including a private rooftop garden and pool, a communal lounge, and a gymnasium.

Only a handful of three-bedroom apartments remain at <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a>.

[smartcode_project_cta:default project_id=24683]

Stature Southbank's address boasts an impressive walk score of 98 due to its proximity to the CBD, South Melbourne markets, transport links, and the Yarra River.

Stature's prime Clarendon Street location in Melbourne's Southbank 

It's always quite fascinating talking to developers. No two conversations are ever the same.

They've all got a different story, a varying level of experience and completed development pipeline. Most importantly, every developer has a different way of doing things, from how they identify development sites to what type of product they develop.

Established Sydney property developer <a href="/developers/billbergia">Billbergia</a> found where they would sit in the Sydney off the plan apartment market in the mid 1990s, after starting life in 1988 as a civil contracting company before focusing on townhouses and low-density apartment development.

The strategy was a simple but effective one, and it was a strategy that relied heavily on location.

They doubled down on the waterfront, where they've in essence created whole suburbs. While the strategy has evolved in recent years to create communities around strong transport links in the likes of Lidcombe, Arncliffe and West Ryde, waterside suburbs are where the developer is still where the action is.

Speaking recently to Joseph Kinsella, third generation Kinsella who is the group Director, it was clear <a href="/developers/billbergia">Billbergia</a> knew what type of apartment developer they would become right from the outset.

"Dad [<a href="/developers/billbergia">Billbergia</a> Founder John Kinsella AM] saw an opportunity to acquire and amalgamate areas near both water and transport and took ownership of large sites in Meadowbank, Rhodes, Wentworth Point and Camelia.

"History has always turned its back to the water. It's where industrial precincts were located and where unloading and loading were the main activity. But the natural transition, as Sydney's gentrified and come out of the industrial era, these locations are at a premium," Kinsella says.

<a href="/developers/billbergia">Billbergia</a> completed their Meadowbank precinct, Waterpoint Shepherds Bay&nbsp;complex where the family office is located, over a decade ago, and with it between 800 and 1000 apartments.

Meadowbank is located just across the Parramatta River from Rhodes and Wentworth Point, where <a href="/developers/billbergia">Billbergia</a> is still developing.&nbsp; They've been developing in Wentworth Point almost as long as the suburb has existed. Previously part of Homebush Bay West, it was only 2009 when Wentworth Point became its own suburb.

"Construction in Wentworth Point started in around 2010, but the visioning of the project happened long before that," Kinsella said.

"There were mostly just four to eight-level apartment projects, no real town centre, no schools, and not much opportunity for pedestrian activity or transport.&nbsp;

"Fast forward 12 years and there's a thriving community with a vibrant town centre, around 3,000 apartments, and transport in and out of the suburb, both by bus, car, and the now famous public transit and active transport Bennelong Bridge.

<a href="/developers/billbergia">Billbergia</a> has just unveiled updated plans for its Bennelong Cove project,&nbsp;the final stage of the multi-national award-winning 11-hectare master-planned community at Wentworth Point in Sydney’s inner-west.

The proposal also incorporates a waterfront promenade with amphitheatre, restaurants, cafes and a registered club and pub to activate the foreshore promenade with a major 16,000 sqm new park in the heart of the town centre. It’s accompanied by $70 million in new community and social infrastructure, a $36 million multi-purpose indoor and outdoor sports and recreation centre with outdoor courts, as well as two childcare centres.

Read more:&nbsp;<a href="/news/nsw/billbergia-unveils-updated-plans-for-bennelong-cove-wentworth-point-masterplan">Billbergia unveils updated plans for Bennelong Cove, Wentworth Point masterplan</a>

<img alt="Billberbergia" data-entity-type="file" data-entity-uuid="b8e06889-191b-4fe6-9ddd-3dc5aae3c865" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-11%20at%203.40.26%20pm.png?VersionId=uqGmynh1w0AWIAHVqVVxPD7WiO8AkuNw" />

Over in Rhodes, accessed by Bennelong Bridge from Wentworth Point over Parramatta River which <a href="/developers/billbergia">Billbergia</a>&nbsp;developed, Kinsella says they've seen a number of different markets and cycles over the 15 years they've been developing in the suburb.

"The unit mix back in the early 2010's was typically more investor focused, ones and two-beds mainly. You couldn't sell a three-bed apartment 15 years ago," Kinsella said.

"Now there's more infrastructure, a primary school and construction nearing completion for a new high school, the suburb has transitioned from investor friendly to owner-occupier. Everything is two and three-bedrooms with some family four-bedders.

"Owner-occupiers are seeing a suburb which is more appealing, affordable and lower maintenance home for family living compared to the traditional family home which is now out of reach for so many in a quality suburb. There's everyone from families to young professionals who both Rhodes and Wentworth Point are appealing to."

Kinsella says there are two halves to Rhodes, the east and the west, with the train station as the centrepoint.

"The west side is where the majority of rezoning happened in the early 2000s, and that's all but delivered. We recently completed the Super neighbourhood shopping centre Rhodes Central, adjacent to the train station entry on the west side. That's really the hub of the suburb for shopping."

<a href="/developers/billbergia">Billbergia</a> is currently developing stages two and three of Rhodes Central, two apartment towers with a community recreation centre on three levels in the podium. The two towers, with 674 apartments, will be the second to last piece in that precinct, with <a href="/developers/billbergia">Billbergia</a> currently in discussions with council about providing additional infrastructure to the suburb with the possibility of a bus interchange adjoining the train station.

In October <a href="/developers/billbergia">Billbergia</a> submitted plans for&nbsp;a 37-level, 244-apartment tower at&nbsp;9-13 Blaxland Road, Rhodes.

The proposed new sustainable tower features a striking slender form designed by architects GroupGSA in collaboration with Singaporean landscape studio Salad Dressing - whose exterior design concept earned them first place in a design excellence competition for the site.

Aligned with the principles of the 2021 Rhodes Place Strategy, the proposed new tower sits within the&nbsp;<a href="/developments/rhodes-nsw-2138">Rhodes</a>&nbsp;Station Gateway East precinct that was rezoned by NSW State Government in 2021 following extensive community consultation.

Read more:&nbsp;<a href="/news/nsw/billbergia-file-for-sustainable-rhodes-apartment-development">Billbergia file for sustainable Rhodes apartment development</a>

While continuing their strong foothold in Wentworth Point and Rhodes, <a href="/developers/billbergia">Billbergia</a> has branched out over recent years.

They have Arncliffe Central, a multi-stage development near the Sydney Airport and the first masterplanned community of its scale in Arncliffe.

In partnership with the NSW Government Land and Housing Corporation and community housing provider Evolve Housing, Arncliffe Central will deliver four towers with over 800 apartments above a retail podium, as well as parklands, a&nbsp;brand-new community centre, childcare facility, full-line supermarket with supporting retail, and an ‘eat street’ restaurant and café precinct on the 1.3-hectare site.

They also have just completed four towers at Lidcombe Rise adjacent to the Station, providing 41 per cent social and affordable housing, and three apartment towers at The Parade in West Ryde, next to the West Ryde Train Station.

<a href="/developers/billbergia">Billbergia</a>&nbsp;is widening its net once again, not only to a new suburb, but a whole new area with their latest plans, a two-tower, work-from-home focused development in Chatswood.

The PBD Architects-designed towers at 8 Wilson Street, which will be the developers first foray into the North Shore market, will be connected by a podium with retail, commercial showrooms, and flexible SOHO style live/work offerings.&nbsp;

The two 27-level towers will have 251 apartments.&nbsp;

Read more:&nbsp;<a href="/news/nsw/billbergia-focus-on-hybrid-remote-working-at-new-chatswood-apartment-development">Billbergia focus on hybrid, remote working at new Chatswood apartment development</a>

<a href="/news/nsw/billbergia-focus-on-hybrid-remote-working-at-new-chatswood-apartment-development"><img alt="Bilbergia" data-entity-type="file" data-entity-uuid="9e7d0170-c7d9-4645-a989-50aaba2c237b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-11%20at%204.23.09%20pm.png?VersionId=.vmbAC9dlcoQ8xiN0RFJTqPhEHSa7YyO" /></a>

To highlight Billbergia's long standing in the Sydney off the plan apartment market, they were one of the first developers to work directly with Building Commissioner David Chandler OAM before highly anticipated iCIRT rating system was in place.

"We were one of the industry leaders who worked hand in hand to put the iCIRT rating system together, and we were one of the first to achieve the rating," Kinsella said, adding that the system is starting to make an impact.

"Initially the rating system was a bit slow until it got consumer recognition, but it's starting to get there," Kinsella said.

"It can be more of a marketing push for more and more developers, but ultimately from a consumer point of view, if you're set on a suburb and you see one developers project with it and another without it, people will naturally start gravitating to those developers."

On the outlook of the Sydney off the plan apartment market in 2024, Kinsella said there's a lot of demand drivers which will point to growth.

"Migration is there and there's growing demand, while supply is quite constrained due to planning, and even when supply is available, many projects still aren't feasible.

"Prices need to catch up, and off the plan apartment prices will have to go up for buildings to be developed."

Speaking recently to Joseph Kinsella, third generation Kinsella who is the group Director, it was clear Billbergia knew what type of apartment developer they would become right from the outset

Billbergia: The suburb-creating developer expanding its horizons

Riverlee has unveiled an expansive waterfront penthouse which will top its $600 million <a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands">Seafarers apartment development</a> on the Docklands waterfront.

Designed by <a href="/developers/riverlee">Riverlee</a> founder and architect Clement Lee OAM in collaboration with Nonda Katsalidis and the team Fender Katsalidis, the 719 sqm, luxury penthouse has been priced from $18 million.

The apartment, with four bedrooms and four bathrooms, has been designed with its own personality and configuration to create a result that is refined and compelling,&nbsp;Fender Katsalidis principal Rosie Morley says.

“Generous scale, bold intersecting forms, integrated joinery and the masterful interplay of texture, colour, and light continue across every room,” Morley says.

“With framed views to green outlooks, these apartments use biophilic design to make luxury and simplicity one.

"Skylit conservatories and terraces provide an immediate sense of calm, and flexible floor spaces give residents the opportunity to come together or break away.”

<img alt="Seafarers" data-entity-type="file" data-entity-uuid="e940c95d-7cf0-4ac6-ba49-f238aaf1579d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-11%20at%202.08.35%20pm.png?VersionId=xn1gzNYIyWfHHpdEGxRazymPbtkz41pU" />

Home to Australia’s first 1 Hotel, the US-founded, nature-inspired luxury brand, <a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands">Seafarers</a> will be home to the first completed hotel-branded residences in Melbourne.

Supported by the dedicated team of over 200 hotel staff, residents gain full access to guest amenities and hotel services such as housekeeping, in-room spa treatments, private chef, 24/7 concierge, botanical and pet care, valet, and signature 1 Hotel events.

Launching the penthouse to the market in the same month <a href="/developers/riverlee">Riverlee</a> kicks off its 30-year anniversary celebrations, Clement Lee says the luxury residence is a project of personal significance to himself and Riverlee’s in-house design team.

‘’The penthouse at Seafarers offers an experience that exemplars and exceeds the quality, functionality and placemaking that Riverlee has become known for," Lee says.

"This is the culmination of my career, 30 years as a developer and 40 years as an architect and urban planner.

“Working with our long-term project partners Fender Katsalidis, we have created something that signifies more than a home — it is the crown jewel of Seafarers and a legacy that I am personally very proud of.”

[smartcode_project:default project_id=27728 project_image_fid=173913]

Situated on the final piece of Melbourne’s original waterfront, the 18th-floor penthouse represents the last opportunity for uninterrupted views of Melbourne’s Yarra River, boasting its own 72 sqm biophilic open terrace, a rare offering for its height and scale. Inside it has&nbsp;floor to ceiling views, a private lobby entrance, wine cellar, formal dining, and cocktail lounge.

The 125 sqm master suite features&nbsp;Poliform walk-in robes, while guest bedrooms and social spaces are arranged around a grand central gallery and internal conservatory.

With construction underway, 1 Hotel &amp; Homes Melbourne is set to open in 2024. The Agency co-founder Steven Chen says the premium offering and the imminent timing of the penthouse’s completion will be of interest to high net-worth clients looking for a brand new turnkey residence.

[smartcode_project:default project_id=27728 project_image_fid=173942]

“This is a rare offering in terms of location, the immense size of the residence and the integrated 5-star hotel services and amenities on offer, so we are anticipating strong interest,” Chen says.

“With breathtaking views of the Yarra River and the beautiful Melbourne CBD skyline, this lock-and-leave penthouse offers immense privacy and high security."

Chen believes there will be a lot of clients interstate and internationally that will want to acquire the penthouse as a second or third residence.

Recent findings by Knight Frank Research have revealed future demand for second homes, including branded residences, is expected to be driven by rising affluence, increased mobility, and the desire of wealthy investors to expand their residential property portfolios.

Fifteen per cent of UHNWIs have been considering a purchase in 2023, it reports, and global sales of prime and super-prime properties have rebounded, with Australia considered a favoured destination for second home purchases.

[smartcode_project_cta:default project_id=27728]

The Agency's Steven Chen believes there will be a lot of clients interstate and internationally that will want to acquire the penthouse as a second or third residence

Riverlee reveal $18 million penthouse atop Seafarers, Melbourne apartment development

The Minns Labor government has announced an enhanced Sydney Metro West project will be delivered, with the potential addition of new stations to help drive new housing supply.

The government is moving to link the construction of major new transport infrastructure in Sydney to major new housing uplift, and this focus will underpin Metro West.

It’s why the NSW Government has also directed Sydney Metro to work on increasing the delivery of new housing supply along the Metro West alignment, to support the government’s plan to build more well-located homes near new and existing transport infrastructure.

If we are going to tackle this crisis, to create more housing supply that will drive down the cost of renting or buying a home, our city is going to have to change.

We need well-located houses and apartments near well-connected transport infrastructure, so people have a place to call home, where they can move around our city easier. Metro West is the beginning of this.

<h3>More sustainable timeline to be adopted following Sydney Metro Review</h3>

The project will be reset to a more sustainable timeline, with the project expected to be completed by 2032.

The additional construction time means taxpayers will not be paying a premium to deliver the project and will provide the necessary timeframe to explore additional station and housing options.

The previous government left a 7-kilometre gap between Sydney Olympic Park and Parramatta metro stations.

To continue this project without maximising its potential to underpin the construction of thousands of new homes would have been an incredibly wasteful missed opportunity.

To that end, the NSW Government has directed Sydney Metro to complete scoping studies for up to 2 new stations to be constructed west of Sydney Olympic Park, along the existing planned route, with a decision made based on their ability to drive greater urban infill housing.

The announcement has been endorsed by the recommendations of the Sydney Metro Independent Review.

Independent reviewers Amanda Yeates and Mike Mrdak have concluded their thorough analysis of the Sydney Metro project. Their findings include:

<ul>
	<li>The government should commit to the current 9 station alignment of Sydney Metro West at a minimum, targeting an opening date of 2032. The reviewers made a point of noting the “arbitrary” nature of the previously announced delivery date determined by the former government.</li>
	<li>Ensure the current design and construction plans do not preclude additional stations from being considered as station locations in future.</li>
	<li>That Sydney Metro to provide a consolidated property and placemaking strategy across all existing lines to support the government’s priorities regarding housing supply.</li>
	<li>That a business case should be prepared to improve bus and active transport connections to broaden the catchment of the existing alignment.</li>
</ul>

Sydney Metro West will ensure tens of thousands of people will be able to live next to a ‘turn up and go’ service that connects them to their jobs, their services and their communities with a train every 4 minutes.

Sydney Metro will move to shortlist delivery partners and develop a procurement model that provides opportunities to get the most housing and the best return from this significant investment for the people of NSW.

<h3>MOU with the Australian Turf Club on Rosehill Racecourse</h3>

The critical need to deliver housing in well located areas, along transport links means the Minns Labor government has commenced discussions with the Australian Turf Club (ATC) on a <a href="/news/nsw/minns-labor-government-to-discuss-converting-rosehill-racecourse-into-25-000-new-homes">proposal to relocate Rosehill Racecourse and build up to 25,000 new homes</a>, surrounded by greenspace and a new Sydney Metro West station.

The proposal, which was brought to the NSW Government by the ATC, centres around the potential to build more than 25,000 new homes on the Rosehill Racecourse site. This would allow the government to explore the feasibility of a new Metro West Station at Rosehill.

The plan will secure the long-term future of horse racing in NSW and the 90,000 jobs it supports with several sites across Sydney to be earmarked and investigated for a new, world-class racecourse track and facilities.

The NSW Government and the ATC have signed an MOU on the potentially historic plan, which would be subject to the NSW Government’s unsolicited proposals process.

<h3>Enhancing transport links and boosting housing across the Sydney Metro West project</h3>

The Minns Labor government has also announced further work will also be considered to broaden the catchment of all Metro West stations with enhanced land transport links, like rapid buses to ensure that more communities will be able to benefit from this once-in-a-generation investment.

Sydney Metro has been tasked with preparing a rapid assessment to create new bus connections to broaden the catchment of the existing alignment.

This work will be subject to a future NSW Government investment decision, which would seek to have this infrastructure and services operational in time for first passenger services on Metro West.

The government will use the already legislated Housing and Productivity Contributions system to ensure some of the value created by government investments will fund future infrastructure.

NSW Premier Chris Minns said this project won’t just change the way people move around the city; it will now also provide the well-located homes for future generations to live in.

“Sydney Metro West is the biggest public transport project in the country. But we’re resetting Metro West to ensure it will be the city-shaping project it always should have been."

Transport Minister Jo Haylen said the&nbsp;review into Metro projects delivers Sydney an improved version of Metro West.

"It’s a new project for the whole of Sydney, building more housing and doubling rail capacity between the Parramatta and Sydney CBDs.

“It won’t just mean a new metro service, it means better train services for Western Sydney too, including in the outer west and Blue Mountains on the T1 Western line.

"Metro West will also cut crowding by 30% at stations like Strathfield, Redfern and Burwood.”

NSW Premier Chris Minns said this project won’t just change the way people move around the city; it will now also provide the well-located homes for future generations to live in.

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