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

Joel Robinson

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

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

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Isle of Capri’s largest residential project in more than three decades is moving full steam ahead with local builder Greyburn appointed and construction set to kick off this side of Christmas.

Developed by Gold Coast based Monaco Property Group (MPG) Capri represents the largest (in one line) residential land holding in the suburb with the multi-award winning residential project positioned on a prime 1.2-hectare site.

Construction will commence at the site in the coming weeks with demolition set to kick start the project, with 24 existing townhomes set to be demolished along with a pool and tennis court on the site formerly known as Figtree East.

[smartcode_project:default project_id=139511 project_image_fid=213450]

The appointed builder Greyburn has over 35 years’ experience in the industry with a strong track record for delivering high quality townhouses, mid-rise residential developments, and commercial buildings including Rhythm Kirra Hill and Robina Grand.

Greyburn Director John Kearney says his team secured the project through a competitive tender process emphasising quality, experience and a collaborative approach to construction and design.

“We were attracted to this project because Capri demands the very best quality with a high level of attention to detail, and we are committed to delivering on that promise,” Kearney says.

“MPG are committed to using solid materials and have based their design decisions around using materials like concrete, blockwork, and suspended concrete slabs for longevity and environmental sustainability and for this reason, Capri will represent the very best of high-end residential construction.”

[smartcode_project:default project_id=139511 project_image_fid=213451]

Kearney said that his experienced and committed team of suppliers and contractors will ensure Capri is delivered to the highest standards.

“We will work with our trusted team, many of whom we have worked with for more than 10 years to ensure Capri is built to stand the test of time,” he said.

“Capri is truly special to us as a Gold Coast-based builder. Located at the heart of the vibrant Isle of Capri, this project offers a strategic opportunity to construct 48 luxury villas. We're thrilled to contribute to the growth of our community and create homes that embody the essence of this dynamic locale.”

Architecturally designed by global practice Plus Architecture and local Gold Coast award-winning firm BDA Architecture, the luxury residential project offers a selection of two and three-level villas ranging in size from 241 sqm to 370 sqm. The homes have three or four-bedroom, all available with multi-purpose rooms and secure double garages.

[smartcode_project:default project_id=139511 project_image_fid=214735]

NPA Projects Director Andrew Erwin says news of Capri’s builder appointment and construction commencement is a significant milestone and is sure to please buyers before the rush of the holiday season.

“Capri is in an ideal position with approximately $70 million in sales to date,” says Erwin.

“Now with construction set to commence before Christmas, buyers can be confident the muilti-award winning landmark project is underway and on track for residents to move in mid-2025.”

Capri’s strategic location, nestled near Surfers Paradise, Bundall, and Broadbeach, offers vibrant inner city living in a highly sought-after residential pocket at one of the city’s most coveted addresses. All 48 architecturally designed villas have been individually designed with their own unique personality allowing buyers to select a residence that resonates with their unique preferences.

Capri offers an exclusive gated community surrounded by world-class resort-style resident-only amenities including a pool with submerged lounge chairs, sundeck, an outdoor dining terrace, a covered barbeque area and a residents lounge complete with kitchen, bar, TV, lounge and fireplace.

[smartcode_project_cta:default project_id=139511]

Construction will commence at the site in the coming weeks with demolition set to kick start the project, with 24 existing townhomes set to be demolished along with a pool and tennis court on the site formerly known as Figtree East

Greyburn appointed to build Capri villa development on Isle of Capri

Sydney-based investment house, Princeton, has commenced construction at their Balmain warehouse redevelopment.

They've appointed boutique construction company Urban Core to deliver the $40 million project at 73-75 Beattie Street <a href="/new-apartments/balmain-nsw-2041">Balmain</a>, which will home just six residences.

The <a href="/new-apartments/balmain-nsw-2041">Balmain project</a> is one of the area’s last remaining warehouse conversions. It will see this history-rich site transformed into bespoke New York loft-style penthouse and terrace-style dwellings offering extensive views of Sydney harbour, whilst maintaining the quintessential heritage look and feel, and most recognisable features such as the Derrin Brothers grocery store signage on its façade.

The Derrin Brothers grocery story was the victim of one of Sydney’s most famous grocery heists in 1938.

Urban Core were awarded the build after a competitive building tender process between five construction groups.

Urban Core’s appointment is a notable achievement for the groundbreaking female-founded and sustainability-forward construction company whose portfolio includes projects across retail, government, residential, workplace and education for clients such as <a href="/developers/abadeen-group">Abadeen</a>, Platform Projects, Winworth Property, Fortis, Woolworths and Apple.

Princeton’s Chief Executive, George Gadallah said Urban Core stood out in the way they ingrain sustainability and environmental measures into their projects

“Urban Core’s focus on environmental, social, and governance (ESG) felt like the perfect alignment for this forward-thinking build that proposes the challenging, but worthwhile task, of recycling the existing building, championing the sustainability principles that modern construction calls for, as well as paying respect to the building’s significance amongst the Balmain community.

"The head contractor plays a crucial role in how the final development looks and feels to owners, so it was important to us that our building partner aligned with our vision for the project."

Gadallah said the&nbsp;development offers contemporary living tailored to the needs of today’s urban dwellers.

“Our aim was to emphasise a fusion of modern design and the area’s rich history, for the future owners to enjoy,” Gadallah said.

When completed, the project will span 2,015 sqm across five spacious three-bedroom terraces and one four-bedroom penthouse and above-street-level secure car parking.

Urban Core’s Managing Director Dominique Gill said they are extremely proud to have been appointed the head contractor.

"Building relationships with like-minded partners such as Princeton on projects like this is the kind of ‘building’ that made me fall in love with construction in the first place.”

“Princeton’s Balmain Project invites a modern style of living into the idle industrial structures, giving 73-75 Beattie Street a new lease on life. At Urban Core, we have a unique perspective, and this project epitomizes that vision, with the combination of state-of-the-art contemporary design, preservation of past, and future-focused construction.”

Balmain joins an already strong portfolio from Princeton, including $300 million in residential projects underway including one-of-a- kind luxury living at Eurangi, Bondi Beach.

The Balmain project is one of the area’s last remaining warehouse conversions

Princeton commences construction at new Balmain warehouse redevelopment

<a href="/developers/consolidated-properties">Consolidated Properties Group</a> has completed the first stage of construction on <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a> – the largest new apartment project in Brisbane’s western suburbs.

One of the two towers in the Coronation Drive project in <a href="/developments/toowong-qld-4066">Toowong</a> is approaching a sellout, with $300 million in sales across the whole development to date.&nbsp;

<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>, which is being delivered by Consolidated Properties Group with funding partner Qualitas, was named Brisbane’s best performing project in the latest Urbis report, with the highest number of apartments sold in the July and September quarters.

<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a> is positioned on a 1.2-hectare site on the riverfront in <a href="/developments/toowong-qld-4066">Toowong</a> and upon completion will deliver 224 apartments and penthouse residences across two buildings.

[smartcode_project:default project_id=113455 project_image_fid=211466] 
&nbsp; 
Residents will have access to a suite of facilities including a riverside pool, gym and sauna, and an expansive rooftop terrace with dining and entertainment areas.

The <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">$450 million development</a> recently bottomed out with earthworks complete to basement level, paving the way for both towers to start coming out of the ground first half of next year.&nbsp; 
&nbsp; 
With towers River 1 and River 2 being built concurrently, it’s anticipated construction of the whole project will be complete by the end of 2025.&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211467] 
&nbsp; 
<a href="/developers/consolidated-properties">Consolidated Properties Group</a> Chairman and CEO Don O’Rorke said work is ahead of schedule due to strong demand from buyers seeking larger riverfront apartments, and the capability of Hutchinson Builders.

“<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a> is one of Brisbane’s most sought-after addresses, with Urbis data showing this project has accounted for a third of all apartment sales in the city over the past six months,” he said.

“Sales have really gained pace in the lead up to Christmas, as people look ahead to the new year and consider their property and lifestyle aspirations. 
&nbsp; 
“River 2 now has less than 10 residences remaining for sale, all of which are home-size three- bedroom floorplans, with prices starting from $1.875 million."

WATCH:&nbsp;<a href="/news/qld/why-owner-occupiers-have-embraced-consolidated-properties-groups-monarch-residences-in-toowong">Why owner-occupiers have embraced Consolidated Properties Group's Monarch Residences in Toowong</a>

O'Rorke says the development has&nbsp;been so successful because it is unique in terms of both its location on the riverfront surrounded by expansive public parkland, and its offering - with residences created by the best in the business – <a href="/architects/john-wardle-architects">Wardle</a> and <a href="/architects/cottee-parker-architects">Cottee Parker Architects</a>.&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211495] 
&nbsp; 
“As the towers start to come out of the ground, I expect interest will ramp up even further, as prospective buyers will be able to see the project taking shape.”&nbsp; 
&nbsp; 
Hutchinson Builders Chairman Scott Hutchinson said the construction site was already a hive of activity, with more workers expected to come on board as the towers stretch skyward.&nbsp; 
&nbsp; 
“We currently have a workforce of about 200 tradies on site, but this will increase to about 400 during peak construction phases,” he said.&nbsp; 
&nbsp; 
“Most of our tradies are local to South-East Queensland, so a project like this is an exciting opportunity to be part of creating what will be a landmark community for Brisbane.”

[smartcode_project_cta:default project_id=113455]

One of the two towers in the Coronation Drive project is approaching a sellout, with $300 million in sales across the whole development to date

Hutchinson completes earthworks at Consolidated Properties' Toowong apartment development, Monarch Residences

Gamuda Land has secured approval for an 18-storey tower in Melbourne's South, signalling a significant addition to the <a href="/new-apartments/st-kilda-vic-3182">St Kilda</a> skyline.

The off the plan apartment development, named <a href="/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda">Fareham</a> at 95 St Kilda Road, will home 78 apartments, which <a href="/developers/gamuda-land">Gamuda Land</a> is expecting to complete by the end of 2025.

<a href="/developers/gamuda-land">Gamuda Land</a> has started marketing the project, with prices starting from $590,000

<h2>Project Details</h2>

<ul>
	<li>
	Height: The 18-storey <a href="/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda">Fareham</a> is set to redefine the local skyline, contributing to the vertical growth of St Kilda.
	</li>
	<li>
	Number of Apartments: The development comprises a carefully planned 78&nbsp;apartments, catering to the demand for modern urban living without compromising on space and comfort offering one two and three-bedroom apartments.
	</li>
	<li>
	Architectural Design: <a href="/developers/gamuda-land">Gamuda Land's</a> commitment to architectural excellence is evident in the design, commissioning Bayley Ward to design apartments with a focus on&nbsp;integrating aesthetics and functionality.
	</li>
</ul>

<img alt="Gamuda Land" data-entity-type="file" data-entity-uuid="1fddd9a4-bab2-429d-b917-1f5e82230586" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%208.59.29%20am.png?VersionId=4rZXfJTUB0vXSTS_stCYhrfO6tPrTZ2R" />

<h2>Location Advantages</h2>

<ul>
	<li>
	Central St Kilda: Positioned in the heart of St Kilda, residents will have easy access to the suburb's vibrant cultural scene, renowned dining establishments, and picturesque beaches.
	</li>
	<li>
	Connectivity: The strategic location ensures excellent connectivity to key transport routes, facilitating easy travel to Melbourne's CBD and other significant landmarks.
	</li>
</ul>

<h2>Amenities</h2>

<ul>
	<li>
	Fitness Facilities: The development includes state-of-the-art fitness centers, promoting a healthy and active lifestyle for its residents.
	</li>
	<li>
	Rooftop Gardens: Elevated green spaces within the complex contribute to a sense of tranquility and environmental sustainability. 
	 
	<img alt="Fareham" data-entity-type="file" data-entity-uuid="c03dc508-fa1b-40d9-b709-4e6c89e5025b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%208.59.24%20am.png?VersionId=fj9uKRptKhbnb1_6JmVpwNAaSnp2Y1i_" />
	</li>
</ul>

<h2>Investment Insights</h2>

<ul>
	<li>
	Future Market Potential: St Kilda's property market is on the rise, making this off-the-plan investment a strategic move for those looking to capitalize on the suburb's growth.
	</li>
	<li>
	Financial Benefits: Early investors can take advantage of exclusive pre-launch pricing and customized financial plans, ensuring a sound investment in Melbourne's real estate landscape.
	</li>
</ul>

<h2>Gamuda Land</h2>

<a href="/developers/gamuda-land">Gamuda Land</a>, with a track record of over two decades in crafting townships in Malaysia and the region, has committed to delivering 1,000 new Australian homes over the next five years.&nbsp;

<a href="/developers/gamuda-land">Gamuda Land's</a> other development in market is <a href="/new-apartments/the-canopy-272-normanby-road-272-280-normanby-road-south-melbourne">The Canopy</a> in <a href="/new-apartments/south-melbourne-vic-3205">South Melbourne</a>. Crema Constructions has been appointed as the developer for the 20-level apartment project, which is now under construction.

The 30-level 661 Chapel Street stands as one of their completed apartment developments in South Yarra.

The off the plan apartment development, named Fareham at 95 St Kilda Road, will home 78 apartments, which Gamuda Land is expecting to complete by the end of 2025

Gamuda Land get sign off for St Kilda apartment development, Fareham

Award-winning Sydney developer ALAND's Carson on the Park is nearing completion in St Marys.

Upon completion, Carson on the Park will consist of 289 one, two, and three-bedroom apartments spread across four buildings. Each building is individually crafted by Designcorp Architects, showcasing unparalleled design and uncompromising quality.

The apartments feature outdoor terraces, high ceilings, and full-length windows to promote seamless indoor and outdoor living and maximise natural light and space—complemented by a location adjacent to a park, ensuring a tranquil, leafy outlook.

The interior design of the apartments emphasises practicality, utilising quality finishes and cutting-edge technology to create homes with flexible and adaptable spaces.

In the kitchens, every detail is designed for a perfect family meal or an intimate evening with friends. High-quality cabinetry, easy-clean glass splashbacks, Grohe tapware, stone benchtops, state-of-the-art appliances, and a modern designer aesthetic combine to form an elegant and efficient kitchen space.

[smartcode_project:default project_id=13486 project_image_fid=215407]

Inspired by nature and its elements, the master bedrooms serve as private sanctuaries accentuated by rich textures, plush carpeting, and ample natural light. Ducted reverse cycle air conditioning allows for optimal year-round comfort, while bespoke fitted wardrobes contribute to the practicality of each bedroom.

Bathrooms in the development are designed with subtlety in mind, incorporating thoughtful lighting, a sophisticated colour palette, and carefully selected materials. The harmonious interplay of glass, porcelain tiles, designer Grohe metal tapware, and timber creates a warm yet clean, modern space perfect for preparing for the day and taking the day's stress away at night.

Designed to foster connections with neighbours and friends, flexible outdoor zones create an engaging social landscape for lounging, entertaining, playing, and well-being. The property includes a dedicated BBQ area and a children's playground, ideal for young families.

Complimentary amenities at Carson on the Park include underground parking, a storage cage, and convenient lift access.

The development provides easy access to St Marys Village Shopping Centre and Queens Street's vibrant mix of shops, pavement cafes, restaurants, and pubs.

[smartcode_project_cta:default project_id=13486]

The interior design of the apartments emphasises practicality, utilising quality finishes and cutting-edge technology to create homes with flexible and adaptable spaces

ALAND's Carson on the Park approaches completion 

Roy Skaf's Macquarie York is set for another Surfers Paradise apartment development.

They've submitted plans for a 17-level tower at 50 Sunrise Boulevard, on the Nerang River and facing Chevron Island's famous Home of The Arts building.

The Plus Architecture-designed tower on a 1,057 sqm riverfront block will have 43 apartments, a mix of 28 two-beds, 14 three-beds, and a four-bedroom, three-level penthouse.

There will be just three apartments per floor, a 96 sqm two-bed, a 106 sqm two-bed with study, and a 129 sqm three-bed with a study, up to level 15.

The subpenthouses and penthouse starts at level 16. One of the subpenthouses has 200 sqm, while the three-level penthouse has three-bedrooms and an MPR on the first level, the main kitchen living and dining space and a guest bedroom on the second level, and then a rooftop with a pool, firepit area and outdoor kitchenette with a dining space.

Each unit will have at least one car space.

<img alt="Macquarie York" data-entity-type="file" data-entity-uuid="29733039-5753-4d07-9bdb-1f93b1cbb4d4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-23%20at%2010.18.58%20pm.png?VersionId=ePGzNnBphgGPuhj3s8qFzVwEip55Z713" />

Plus Architecture, led locally by Danny Juric, says the project has been "meticulously designed to seamlessly blend with its urban and natural surroundings, achieving a harmonious balance between the human-scale streetscape, riverscape, and the emerging skyline."

"The building is thoughtfully divided into podium and tower forms, strategically set back from the street, layered with a pronounced emphasis on horizontality, fostering a human-scale interaction with the street and river," the design submission read,

"The podium is enhanced with landscaping and warm, earth-toned materials, anchoring the development and providing a strong connection with its environment.

"Surrounding the entry, podium, and recreation spaces is extensive landscaping, creating a natural and inviting environment that further grounds the building. The integration of greenery extends upward, softening the building’s presence throughout its height."

<img alt="Macquarie York" data-entity-type="file" data-entity-uuid="96c707ed-ed8d-4439-94ee-b575edfc375e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-23%20at%2010.19.14%20pm.png?VersionId=FaG1qEFEbNp7ZIDw0U7bjtByq7M5tiEE" />

The resident amenity is located on level two and will feature a swimming pool, fire pit area, barbecue space, day beds, gym with a sauna and steam room, work from home space with desks and a boardroom.

The tower features&nbsp;light-colored concrete with horizontal articulation which Plus says is reminiscent of the Australian beach shack.

Full-height glazing gives residents views&nbsp;to the river and hinterland in the west, as well as Surfers Paradise and the expansive coastline to the east. Balconies at the building’s ends are curved, minimizing visual impact and drawing inspiration from the natural language of the rippling surface of the river, Plus say.

<img alt="Maaqjuarie York" data-entity-type="file" data-entity-uuid="c6db01db-23d8-43f3-b9ab-1500379fb39b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-23%20at%2010.19.31%20pm.png?VersionId=luszikqBJELuYWfYO1B3yhpc7kJGdHBm" />

Town Planner UPS said their assessment finds that the proposal is in keeping with the intent of the City Plan and responds positively to the relevant assessment criteria.

Overall, it is concluded that the proposed development represents a logical and desirable form of land use, and a built form which is respectful of, and complementary to, the established and prevailing character of the surrounding area."

Macquarie York recently completed the Allure building on Chevron Island, where they're also to relaunch their formerly named development Nina. The new tower, NERA, has a few design changes.

They've submitted plans for a 17-level tower at 50 Sunrise Boulevard, on the Nerang River and facing Chevron Island's famous Home of The Arts building

"Reminiscent of the Australian beach shack": First look at Macquarie York's newest Surfers Paradise apartment development

The $500 million redevelopment of <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> is one step closer, with the City of Gold Coast Planning and Environment Committee giving a unanimous yes in favour of the development application.

They will forward the recommendation to approval at a full council meeting on December 4.

The committee's overwhelming support comes after extensive collaborative planning with the state and local government, as Makris Group seeks to transform the Southport Spit in line with the vision of the Spit Master Plan.

Read more:&nbsp;<a href="/news/qld/inside-look-residential-opportunity-at-new-500-million-marina-mirage-main-beach-redevelopment">Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment</a>

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="ca2a4e53-80a1-4d6d-abf2-f639279995d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-23%20at%2010.36.16%20pm.png?VersionId=7R4UCud5g2SIYaWMhkmnHG658u9hLPEg" />

The project delivers a significant economic impact of 500 direct jobs during construction and 460 direct and indirect jobs during the operational phase, adding to the growth of the Gold Coast economy.

Makris Group lodged an impact assessable development application with the City of Gold Coast in February 2023 after undertaking years of design refinement to deliver a timeless and vibrant development that harmoniously connects with land and place.

The project renders show a considered biophilic design by globally acclaimed architects Elenberg Fraser, who were appointed designers of the iconic development after winning a national architecture competition.

The existing <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> shopping centre, and its recently completed 78-berth superyacht marina, is still in full operation and located within the Spit Master Plan which outlines a vision to revitalise the area into an ecological tourism, recreation and leisure destination. The proposed Makris Group redevelopment aligns with these aspirations through enhanced public areas, and low-rise form, ensuring the striking 
marina landscape remains central to the precinct.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="c571653e-3a1a-4163-ad72-f73eab86d1d5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-23%20at%2010.35.36%20pm.png?VersionId=KjX9VjS2pxQxZPS7XtC1KnqF2fuTKIHi" />

While adopting a style to align with the Spit Master Plan, the development proposes an innovative mix of elements to elevate the outdoor lifestyle which the Gold Coast is loved and renowned for. Makris Group was established in 1988 in South Australia by Con Makris, who expanded his portfolio into Queensland with the purchase of the iconic Marina Mirage after recognising the significance of the site and 
its unique position.

Con Makris, Executive Chairman of Makris Group, said&nbsp;<a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> is unique to Australia's east coast and is the most prominent parcel of land on the Spit.

"Our proposed redevelopment embodies a long term and responsible strategy to deliver a sustainable asset that benefit both present and future generations."

With the impending development approval, Makris Group looks forward to moving ahead with its construction plans, engaging in early contractor discussions with Hutchinson Builders.

Makris Group has been supported by a large and strong team of local consultants, the City of Gold Coast and wider community for more than three years; with a shared desire to see a sustainable transformation of <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a>.

"With State support, the Gold Coast is now well positioned to embrace our exciting, multifaceted world- class development - a true national asset," Jason Makris, Chief Executive Officer of Makris Group, says.

"Over the next few months, we will be finalising the realisation of our <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> vision. As we approach this milestone, <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> proudly celebrates 35 years of providing award-winning waterfront dining and boutique shopping. Let's continue to support and appreciate the offerings <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> brings to our community and visitors."

Once all necessary approvals are secured, the <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> redevelopment aims to be fully realised in 2027 well in advance of the eagerly anticipated 2032 Olympic Games.

<h3>Key features of the Marina Mirage redevelopment:</h3>

 
- Makris Group is in the final stages of an agreement with one of the world's largest boutique hotel brands to deliver more than 110 resort rooms that permeate a strong sense of place 
- Building on the success of the waterfront dining experience at <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a>, a selection of world- class restaurateurs has been carefully curated to further enhance the culinary offering 
- Wellbeing and rejuvenation will be a central theme of the mixed-use development, complimented by a hand-picked selection of Australian retail boutiques. 
- For the first time, <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> will offer a limited collection of timeless residences and villas which combine understated luxury with contemporary Australian design 
- The development will maintain the signature <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a> sails, which can light up for various causes and events

The committee's overwhelming support comes after extensive collaborative planning with the state and local government, as Makris Group seeks to transform the Southport Spit in line with the vision of the Spit Master Plan

$500m Marina Mirage development gets support from council before December decision

Burgeoning Sydney developer Billbergia has unveiled updated plans for its Bennelong Cove project, the final stage of the award-winning 11-hectare master-planned community at Wentworth Point in Sydney’s inner-west.

After years of strategic planning, a two-stage international design competition and on-going community consultation, an updated scheme by FJC Studio has been submitted for public exhibition by the NSW Department of Planning and Environment.

Comprising two residential towers of 40 storeys, the proposed development will deliver around 900 apartments.

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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 new park in the heart of the town centre. It’s accompanied by $70 million in new community and social infrastructure, under a Voluntary Planning Agreement submitted to City of Parramatta Council.

Subject to council approval, Billbergia has committed to new community infrastructure including a $36 million multi-purpose indoor sports and recreation centre, with outdoor courts, a 16,000 square metre park and foreshore promenade with picnic areas, play spaces and exercise areas, and a council-owned 90-place child care centre.

Billbergia has also committed to a second privately operated 90-place childcare centre and continued funding to operate the widely popular free Baylink shuttle bus service that connects residents to Rhodes station. Boasting more than 14,000 weekly passenger trips, the bus service has recently been upgraded to fully electric vehicles would operate under the agreement until the anticipated delivery of the Parramatta Light Rail in 2031.

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The new proposed scheme is based on feedback from both Council and the community.

Saul Moran, Development Director of Planning and Design at Billbergia, said they've collaborated with the architects and an independent design excellence jury to address feedback on the earlier scheme.

"As a result, residential buildings are set back further from the water and have been reduced in height - consistent with the nearby Sekisui Sanctuary development,” Moran says.

“Billbergia has been involved in the Wentworth Point community for more than 15 years. In that time we’ve seen the transformation of the suburb from an underutilised former industrial site in 2008, to the thriving residential community it is today.

"Bennelong Cove is the critical final stage that will see the entire waterfront promenade activated and provide enhanced community infrastructure alongside the delivery of critically-needed new housing supply."

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According to Moran, Billbergia has placed strong emphasis on place-making and resident amenity in addition to delivering the necessary infrastructure for the growing suburb.

“Community feedback has shown us that more social and sporting infrastructure is also high on residents’ wish lists, revealing the value they place on waterfront access. We see the delivery of an activated foreshore promenade with greater open space and new leisure facilities as critical to this,” Moran added.

Wentworth Point was first rezoned for residential use in 2004 and declared a Priority Precinct in 2014. During this time it has grown to an estimated population of 14,500 people.

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The growing community has been supported by significant public and private sector investment in community infrastructure resulting in the delivery of a primary school with a high school currently under construction, as well as a community centre and a library facility. In addition to new transport infrastructure, a medical centre and a neighbourhood shopping centre have also been delivered for the Wentworth Point community.

The Liveability Index rated Wentworth Point’s community and employability among the highest of all suburbs.

“Wentworth Point is a nationally-awarded showcase in urban regeneration and transport-oriented development. Our growing community is diverse and engaged, living in an affordable lifestyle precinct with easy access to retail, dining, education, health, sporting, and public transport,” Moran said.

Billbergia recently filed plans for a <a href="/news/nsw/billbergia-focus-on-hybrid-remote-working-at-new-chatswood-apartment-development">two-tower development in Chatswood</a>.

Comprising two residential towers of 40 storeys, the proposed development will deliver around 900 apartments

Billbergia unveils updated plans for Bennelong Cove, Wentworth Point masterplan

National developer Urbex is approaching the sellout of its luxury Manly residential development, The Wellington Collection.

They've sold out each of the six apartments in the Wellington Street building, leaving just two townhomes remaining for sale. The last apartment in the building sold for $2.6 million.

Scaffolding is expecting to come down in the next few weeks, with construction slated for early next year.

[smartcode_project:default project_id=113253 project_image_fid=207573]

“Manly already has significant value in its lifestyle offering, so it was important for any project introduced into the suburb to hit the mark with trade up or down owner-occupiers from interstate, the Sunshine Coast and Brisbane,” Craig Covacich, General Manager of Urbex Realty, said.

Covacich said the slowdown in the real estate sector off the back of interest rate hikes has not mitigated the severity of an undersupplied housing market, magnified by the turbulence developers have had to navigate to deliver their projects.

"Supply chain and labour cost issues have placed many builders and developers in financial distress, some of which have collapsed, and consumers are cautious when purchasing off the plan,"&nbsp;Covacich said.

[smartcode_project:default project_id=113253 project_image_fid=207574]

Urbex has its own building division, JMac Constructions, which&nbsp;Covacich says provides a&nbsp;point of difference and grants the business a level of resilience and flexibility.

Covacich believes the townhouse model may also be a solution to the high demand given the housing supply crisis in South-East Queensland.

“With the rise in the population in Queensland and changes to what consumers want in their homes, there is a shift in what the ‘Australian dream’ home looks like. In the past, this was a large block, four-bedroom house and a big backyard. Many are opting for building upwards, rather than outwards, and cutting out the fourth bedroom and investing those saved funds into shaping the urban space and amenities within the dwelling."

The Wellington Collection’s remaining two townhomes span over 460 sqm internally and have three bedrooms, a multi-purpose room, three car spaces, a workshop, an internal lift, and a private plunge pool.

[smartcode_project_cta:default project_id=113253]

Scaffolding is expecting to come down in the next few weeks, with construction slated for early next year

The Wellington Collection approaches sellout as construction advances toward completion

Prominent developer Third.i has completed construction of one of its most luxurious projects to date.

They've finished the build of <a href="/buildings/147-153-kurraba-road-kurraba-point">Kurraba Residences</a>, their high-end Kurraba Point apartment development of just 24 apartments, 21 of which have sold.

Just three penthouses remain, and are set to hit the market in the coming weeks.&nbsp;The penthouses have been designed to offer the same level of consideration and luxury as an elite private home, with the Phillip Mathieson-led Mathieson Architects handling the interiors.&nbsp;

[smartcode_project:default project_id=13992 project_image_fid=240217]

Buyers are now set to move into the SJB-designed by <a href="/buildings/147-153-kurraba-road-kurraba-point">Kurraba Road project</a>, which was built by Richard Crookes Construction.

There are two, three and four-bedroom apartments in the five-level building, which SJB Director Adam Haddow says will set&nbsp;new standards for&nbsp;<a href="/developments/kurraba-point-nsw-2089">harbourside living in Sydney</a>.

[smartcode_project:default project_id=13992 project_image_fid=240218]

“Embraced by foreshore gardens on all three sides, the architecture pays homage to classic 1920's apartment buildings that dominate the edges of the harbour. Sculpted in brick, the graceful building reaches out to the water like fingers on a hand,” Haddow said.&nbsp;

There's exclusive amenities and services reserved for residents, including a wine cellar room and dining area, a secure lock up garage with lift access, a concierge service, and a communal rooftop garden with BBQ facilities.

[smartcode_project_cta:default project_id=13992]

Buyers are now set to move into the SJB-designed by Kurraba Road project, which was built by Richard Crookes Construction

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