<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?

Developers Scott Property Group are well underway with construction on their latest Sunshine Coast apartment development, The Beachfront Buddina, which is set for completion in early 2024.&nbsp;

The Beachfront Buddina offers&nbsp;a rare opportunity to secure never-to-be-built-out ocean and hinterland view apartments, with each spacious residence featuring aesthetic design, an abundance of natural light, exceptional finishes, stunning views and access to a private residents-only pool, corner store and cafe.

Designed by regulars across the coast, OGE Architects, The Beachfront Buddina strikes a balance between architectural artistry and natural form, with a mix of three and four-bedroom apartments.&nbsp;

[smartcode_project:default project_id=24803 project_image_fid=76028]

Bold lines are enhanced with vertical timber screening, complementing the cascading natural greenery to create an urban oasis.

But it's not just the exterior that's impressive – inside high-end living with luxurious fixtures and fittings are standard, including Miele appliances, open layouts and spacious balconies with floor-to-ceiling glass for seamless indoor-outdoor integration.

Start your beach-life journey with a separate beach room at entry, complete with vanity and sink. And with secure parking, elevators, and ducted heating/cooling, residents will enjoy the ultimate in comfort and convenience.

But&nbsp;The Beachfront Buddina isn't just a place to live – it's a community.

[smartcode_project:default project_id=24803 project_image_fid=76031]

Exclusive access to the residents-only pool, communal gardens, recreational seating and tennis courts allows residents to immerse themselves in the local area and meet the neighbours, while the beach, Surf Club, an array of restaurants, schools and shops are just steps away.&nbsp;

Plus, The Beachfront Buddina is a residential-only building, designed for owner-occupiers with no short-term rentals or Airbnb. This means you can enjoy the peace and privacy of a home designed for long-term living.

[smartcode_project_cta:default project_id=24803]

The Beachfront Buddina offers a rare opportunity to secure never-to-be-built-out ocean and hinterland view apartments

Inside The Beachfront Buddina apartment development

Australian developer Golden Age Group has received&nbsp;council approval for its residential <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> project in Box Hill South and on a site in excess of 50,000 sqm, is one of the most significant developments within the booming suburb.

Formerly home to Hays International College, 15 Hay Street is positioned next to Wembley Park, Box Hill Soccer Club, Box Hill Golf Club and the Gardiners Creek Trail.

In collaboration with COX Architecture, Golden Age has developed a residential masterplan that will see the delivery of 143 townhomes and provide almost half of the site as dedicated green space.

[smartcode_project:default project_id=104627 project_image_fid=222320]

Golden Age aims to create a development that supports and future-proofs an inclusive, sustainable and multi-generational living for its residents. The development addresses its suburban and natural context sensitively, proudly celebrating its neighbourhood and enhancing its natural landscape.

The townhomes, with interiors by leading interior designer MIM design, will range in size from three-bedroom to four-bedroom with two colour schemes available.

[smartcode_project:default project_id=104627 project_image_fid=222322]

Golden Age Founder Jeff Xu said <a href="/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a>&nbsp;puts families and the community at heart.

“We have spent considerable time researching and understanding what the Box Hill community needs and wants and we appreciate the economic diversity of Melbourne’s east, which is why this project will not only provide beautifully designed townhomes but will provide a space for the community celebrating intergenerational living.

“We will deliver an array of residential amenities, complemented by gardens and playgrounds in a secure neighbourhood that is ideal for raising families. It will be a highly connected site, where residents can enjoy generous walking paths along the Gardiner Creek Trail.”

[smartcode_project:default project_id=104627 project_image_fid=222343]

The site’s tree-lined boulevards will draw residents in and connect all homes in a carefully curated community, with landscaped pathways and green links making the site highly accessible and welcoming for residents. Over 13,000 sqm of the site is dedicated to green open space for families, for exercise and immersion in the natural surroundings.

With a focus on sustainability, all residences will enjoy and benefit from a range of energy-saving design initiatives such as energy-efficient heating and cooling, filtered rainwater connection to irrigation and utilities, rooftop solar panels and the provision for fast EV charging. 
 
[smartcode_project_cta:default project_id=104627]

In collaboration with COX Architecture, Golden Age has developed a residential masterplan that will see the delivery of 143 townhomes and provide almost half of the site as dedicated green space

Golden Age secure approval for Wembley Hill, Box Hill South townhouse development

High-end developer <a href="/developers/orchard-piper">Orchard Piper</a> has appointed Cobild to construct their mixed-use apartment and office building Toorak Village, after securing a number of sales at the premium project on the corner of Mathoura and Toorak Road.

The $120 million development, designed by Kerry Hill Architects, has already seen over $60 million in office and apartment sales.

Works have commenced on site at&nbsp;109 Mathoura Road and 420-426 Toorak Road, where the 400 sqm penthouse has already sold for $12.5 million.

Kay &amp; Burton Director Andrew Sahhar said the project is receiving continued interest with Stonnington locals who are looking to secure a coveted and rare opportunity on one of the most recognisable corners of the Village.

“In a market plagued with scarcity, there are limited offerings for buyers in the area, with a very restricted supply outlook," Sahhar says.

"We’re seeing interest from a range of buyers, who have become attracted to the revitalisation of the Village, which is being restored into an exciting high street once again thanks to the emergence of quality nearby development and new A-grade retail and hospitality outlets."

<img alt="Orchard Piper" data-entity-type="file" data-entity-uuid="f74c0fae-e661-4259-b509-da45f2d9af1c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-17%20at%204.36.31%20pm.png?VersionId=4JQMjyGmIi6Vr67nQiiBh35zOClKbPiG" />

Four apartments have been sold prior to public advertising, which Sahhar says is testament to the name <a href="/developers/orchard-piper">Orchard Piper</a> has built for itself in the luxury market.

"This combined with the attraction of an international architect like KHA, who are renowned for their ultra-luxury hotel designs, is creating further interest from interstate and international buyers.”

Toorak Village comprises just nine apartments, all with private lobbies, a resident gym, and a concierge. Each apartments has a minimum three bedrooms and three bathrooms, as well as multiple living spaces. There's just two apartments per floor.

In just seven weeks, 60 per cent of the project’s limited three-floor office spaces have also been sold by Colliers, with the latest sale, a 126m2 suite, fetching $2.3 million; setting a new city fringe and suburban record, with a record strata office building rate of $18,250 per sqm.

The commencement of construction for the Toorak Village project is occurring concurrently with the City of Stonnington’s streetscape upgrades between Wallace Avenue and Grange Road. These works are well underway, with new art projects, footpaths, greenery and lighting to be introduced to elevate the Village back to former glory.

Alongside streetscape upgrades, the project adds to the recently completed St Germain building, located up the road at 495-505 Toorak Rd, which features a Coles Local, Cecconi’s and boutique retail offerings below a premium office building.

The Toorak Village project is one of <a href="/developers/orchard-piper">Orchard Piper’s</a> four active projects, part of its $800m pipeline scheduled for annual completion over the next four years.

Works have commenced on site at 109 Mathoura Road and 420-426 Toorak Road, where the 400 sqm penthouse has already sold for $12.5 million

Orchard Piper appoint Cobild to construct Toorak Village development after apartment and office sale blitz

Ellipse Property Group will launch sales of Atrium, the first stage of its $850 million Castle Hill masterplanned community, Carrington Place.

Atrium comprises 151 apartments in one mid-rise eight-storey building which forms the gateway to the Carrington Place precinct and offers rooftop recreational spaces with views over the whole of the development.

The precinct will also be home to over 20,000 sqm of recreational space including outdoor gyms and wellness areas as well as lush gardens, conceived by landscape architect, Site Image Landscape Architects, making it one of the greenest masterplanned communities in the Hills district.

The prime development site, which is the largest residential project in Castle Hill, spans around 3.2 hectares.

PRD Norwest Director David Inkster, who is managing sales for the project, says the team have seen a strong response from local downsizers, young families, first home purchasers and upgraders looking for larger-sized apartments.

“Atrium's multi-staged development is poised for consistent price increases, anticipated significant appreciation by the project's scheduled completion date Q3 2025," Inkster said.

“Apartments surrounding Metro Stations are predicted to outperform similar projects in neighbouring suburbs by up to 20 percent recent research has shown. As the premium suburb in the Hills District, Castle Hill is poised to see the lion’s share of that uplift."

[smartcode_project:default project_id=89496 project_image_fid=216768]

Once completed, the masterplanned community, Carrington Place will comprise 771 apartments built across five, eight to 12-storey buildings.

Carrington Place Project Director Joe Chiha said the generously-sized apartments are designed to provide ample space for residents’ needs and offer a level of comfort and luxury unrivalled in Castle Hill.

The buildings have been sensitively designed by Tony Owen Partners and Stanisic Architects to immerse with its surrounding natural landscapes while complementing the curve of the tranquil Cattai Creek which runs along the western border of the development.

A key feature of the project will be a one-kilometre boardwalk running the length of the Cattai Creek connecting to Fred Caterson Reserve, a 58-hectare local reserve featuring picnic tables, children’s playgrounds, along with multiple sports facilities.

[smartcode_project:default project_id=89496 project_image_fid=216770]

Ellipse Property Associate Director Puja Khanna said&nbsp;Carrington Place is envisioned as a multi-staged urban village with a strong connection to nature, prioritizing lifestyle, sustainability, and community.

"The project seamlessly blends with the surrounding nature and aims to become one of Sydney's most sustainable urban communities,"&nbsp;Khanna said.

Castle Hill residents are currently witnessing the gradual and dramatic transformation of the popular Hills suburb into a modern, cosmopolitan and dynamic urban centre.

The Hills Shire Council has a 30-year vision for the redevelopment and revitalisation of the Castle Hill Showground Precinct, located directly opposite the Carrington Place project, planned to create a new 15-hectare entertainment and recreation hub including a variety of community, arts, sporting and leisure activities.

The Showground site will become the primary civic space for a new precinct of the future local Hills communities. Located directly opposite The Hills Showground Metro Station, residents of Carrington Place will have access to Sydney’s CBD, Chatswood, North Sydney, Macquarie Park and Norwest Business Park. With trains operating every four minutes in peak hour in each direction, residents are offered the highest convenience on Australia’s first driverless railway.

Construction is planned to commence before Christmas later this year with Stage One Atrium due for completion in Q3 2025. The entire five-stage precinct is due for completion in 2032.

[smartcode_project_cta:default project_id=89496]

PRD Norwest Director David Inkster says the team have seen a strong response from local downsizers, young families, first home purchasers and upgraders looking for larger-sized apartments.



Ellipse Property launch Atrium at Carrington Place, Castle Hill masterplan

Gold Coast developer Sherpa Property Group has lodged a new development application for its <a href="/new-apartments/perspective-nexus">Perspective Nexus development in Palm Beach</a>.

The code-assessable project on a 1,583sqm site at <a href="/new-apartments/perspective-nexus">949-953 Gold Coast Highway</a>, will rise nine storeys and deliver just 32 apartments, including two half-floor penthouses and three skyhomes with their own private rooftops.

Sherpa’s latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the Palm Beach Parklands.

[smartcode_project:default project_id=108324 project_image_fid=232526]

The proposed development is the product of a detailed design process led by HAL Architects that has taken into account the requirements of the Gold Coast city plan and the expectations of the local community.

Council's approval for the original development application was overturned by an appeal in August, an outcome that Sherpa Founder Christie Leet took as an opportunity rather than a setback.

We are excited to launch our new development in the coming months which has been carefully designed to be the best code assessable project in this world-class location,” said&nbsp;Leet.

"It's a superb site, next to the beach, Currumbin Creek, and the Pirate Park, so our mission was to make beach living even better.

"The Gold Coast, especially this Palm Beach location, can deliver a lifestyle that is the envy of the world so we wanted to facilitate and enhance that lifestyle."

[smartcode_project:default project_id=108324 project_image_fid=231830]

Sherpa had initially sought a 14-level project, but they've gone back to the drawing board with its latest proposal.

“After taking onboard community feedback from the original design, we are now submitting an entirely new proposal that has been scaled back to nine levels to ensure it is a code assessable development,”&nbsp; Leet added.

“We are deeply committed to delivering a landmark residential project that provides the best beachside living at Palm Beach and we are looking forward to progressing the project once approvals have been granted.”

Buyers who previously signed up for apartments in Nexus will be given the first opportunity to purchase residences in the new development, which Sherpa expects to account for a large number of pre-sales.

“Many of our earlier buyers have shown faith in our vision for the site and, as a result, we are expecting a number of sales to be secured straight out of the gate prior to market launch,”&nbsp;Leet said.

“We will be working with the original buyers first, before releasing the project to the public in the coming weeks.”

[smartcode_project:default project_id=108324 project_image_fid=232452]

The development will deliver a suite of luxury two, three and four-bedroom apartments, ranging from 112 sqm to 661 sqm. The apartments on the upper levels will offer views of Currumbin Alley 
and beyond to the Pacific Ocean.

The luxury development is primed for owner occupiers and downsizers who will enjoy unrivalled residents’ recreational and work-from home amenities.

“Our aim is to create a development that offers spacious designs with the best floorplans available on the Gold Coast,”&nbsp; Leet said.

“The plans are in line with community feedback and deliver a more boutique look with enhanced design elements such as increased planting and greenery to ensure effortless integration with the suburb's surrounds.”

Perspective Nexus will introduce a wide range of luxurious communal amenities for residents, including a dedicated wellness space with features such as a magnesium spa, outdoor kitchen, sauna, hot and cold pools and steam room along with a wellness garden for residents to embrace the beachside surrounds.

The new plans reveal a host of adjustments, including the addition of more than 70 car parks to the site for both residents and visitors – exceeding requirements to ensure owners and their guests have access to ample onsite parking.

Additional amenities and features of Perspective Nexus will include an electric car charging station, individual apartment storage, car wash bay and a parcel delivery storage including a cold store.

In view of the project being code assessable, the company anticipates development approval will be granted by February.

Construction is planned to start in the first quarter of 2024 for completion in the third quarter of 2025.

[smartcode_project_cta:default project_id=108324]

Sherpa’s latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the Palm Beach Parklands

Sherpa revise plans for Perspective Nexus Palm Beach apartments

Sydney's Chatswood is continuing to see a swathe of applications for new off the plan apartment developments.

Since the&nbsp;Chatswood CBD Planning and&nbsp;Urban Design Strategy&nbsp;2026 was amended, which saw the CBD boundary expanded to the north which opened up the height limit to another area of the city, development applications have been flooding in,

Earlier this year Bridgestone submitted plans for a <a href="/news/nsw/bridgestone-file-for-two-tower-chatswood-apartment-project">two-tower development with 95 apartments</a>, while VIMG also recently filed for a <a href="/news/nsw/first-look-vimg-plot-two-tower-chatswood-apartment-development-nelson-place">dual-tower development with 193 apartments</a>.

The latest plans are from Polytec Australia Development, an entity with directors associated with the listed Hong Kong property developer Kowloon Development Company.

They're seeking to create a 27 mixed-use tower with just 53 apartments on a 1,184 sqm block at&nbsp;629-637 Pacific Highway which is currently occupied by&nbsp;two buildings both in use as separate car service and repair businesses.

<img alt="PBD" data-entity-type="file" data-entity-uuid="9e2e0920-d476-4496-9d4a-c3257d5a2562" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Untitled%20design%20%284%29.jpg?VersionId=FGXcH42EdzVwvwqOZELNEPQodbly7FBO" />

The tower, which will have ground floor retail and commercial uses within the podium levels and sit above five levels of basement car parking, has been designed by PBD Architects who beat out Koichi Takada's Takada Architects and PTW in the Architectural Design Competition held earlier in the year.

The jury unanimously voted for PBD's scheme, suggesting the design concept "addresses key site challenges through a tower floorplan that responds thoughtfully to the sites constraints and opportunities."

"It provides carefully oriented and planned residential units that respond to the site geometry and in doing so optimise the capture of views to the south west (of the city), west to the Blue Mountains, and to the north (to Chatswood)," the jury noted.

<img alt="PBD Chatswood" data-entity-type="file" data-entity-uuid="041fba55-4911-410e-bf77-9a8c80052e12" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-16%20at%203.12.06%20pm.png?VersionId=FzKIYFMlTmWiifxhvg4QDIx0a2hmPKPS" />

PBD noted in their Design Statement submitted to the Willoughby Council that the&nbsp;proposed mixed-use residential flat building is designed to respond cohesively to the existing and desired future character of the neighbourhood streetscape with appropriate build form and material palette that respond thoughtfully to the immediate context.

"The proposal for 629-639 Pacific Highway is informed by our analysis of the context, striving to create a design that addresses the challenges of the site, maximizes the opportunity and integrates with the podium to provide a cohesive development of the site," the Design Statement signed off by PBD Managing Director Paul Buljevic read.

"The proposal comprises a cluster of slender tower forms/pods that resonates with the podium geometries. The proposal seeks to integrate tower and podium into a cohesive built form by morphing a two dimensional podium silhouette into a sculptural, programmable landscape deck.

"The building's floor plates were optimized to maximize solar access and cross-ventilation, with careful consideration given to the neighbouring context and views. The built form is further articulated to enhance its slender characteristics and additional facade tiering is introduced to seamlessly transition to the lower levels, to create a more inviting human-scale experience."

<img alt="PBD Chatswood" data-entity-type="file" data-entity-uuid="5ea476fe-af0f-4f9e-836c-554856feeea1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-16%20at%203.12.43%20pm.png?VersionId=BfVFKqmmCzPISvUXSsL.uUaanhUAtv.m" />

The tower will comprise two one-bedroom apartments, 22 two-bedrooms, 28 three-bed units, and a sole four-bedroom apartment, the penthouse.

The site is&nbsp;located around 550 metres south of the Chatswood transport interchange with access to metro, rail, and bus services, while also being just 750 metres from Chatwood's central retail precinct.

<h2>Project Summary</h2>

The site is an urban renewal site with redevelopment proposed for the existing low rise buildings to accommodate a mixed use tower.

The proposed development comprises the construction of 27- storey mixed use building with residential and non-residential comprising:

· 53 apartment units (2 x 1 bed, 22 x 2 bed, 35 x 3 bed, 1 x 4bed)

· 581 sqm GFA of commercial and office spaces

· 232 sqm GFA of retail shop

· 109 sqm GFA for café/restaurants

In addition, a five levels of basement parking will be provided, comprising of a loading dock and 89 car parking spaces including accessible parking and visitor parking. Bicycle parking racks will be provided for all apartments and at least 9 bicycle parking racks will be provided for non-residential occupants.

The latest plans are from Polytec Australia Development, an entity with directors associated with the listed Hong Kong property developer Kowloon Development Company

First look: Chatswood off the plan apartment development pipeline ramps up

The City of Melbourne is one of the top five most affordable local government areas to buy property in with significant investment upside.

That's the view of researcher and commentator Terry Ryder, founder of Hotspotting.com.au, a company which helps identify emerging property markets.

He listed the City of Melbourne in his top five 'City Cheapies with Prospects' alongside the City of Salisbury in Adelaide, the City of Armadale and the City of Canning&nbsp;in Perth,&nbsp;Southern Moreton Bay Islands in South East Queensland.

He says the five regions are likely to offer the best strategic property buying and investing potential over the next six months. Melbourne's population boom, overtaking Sydney as Australia's largest city for the first time in more than a century after borders were redrawn, was a major factor in Ryder's view.

“Despite facing challenges during the pandemic, Melbourne has shown resilience and stability in its property market," Ryder says.

“However, the rising interest rates and shifting lifestyle demands have caused investors and homeowners to look at options such as units and townhouses instead of standalone houses.”

[smartcode_project:default project_id=3260 project_image_fid=212294]

The City of Melbourne, with its high-density dwellings making up 86 per cent of homes, has become an attractive destination for both living and working, he said.

“Its strong economy, with major businesses, universities, hospitals, and government services, has been further bolstered by ongoing infrastructure projects such as the North East Rail Link and the proposed Suburban Rail Loop,” Ryder said.

“These developments are expected to bring in significant investments and create thousands of jobs, ensuring continued growth and stability in Melbourne's property market.”

[smartcode_project:default project_id=1270 project_image_fid=217067]

Melbourne saw the fastest growth in dwelling values of all Australian capital cities at the start of the pandemic, but then saw the steepest decline when repeated lock downs curtailed market activity in 2020- 21.

Since 2021 however, Melbourne has been one of the more resilient of the capital cities nationally, and has performed relatively steadily against a backdrop of rising interest rates and reduced consumer confidence.

According to the latest Home Value Index from CoreLogic, released in August 2023, median dwelling values in Melbourne behaved relatively moderately compared to other Australian capital cities such as Sydney and Brisbane. Dwelling prices rose less rapidly in Melbourne between the onset of Covid to the cyclical price peak. However the subsequent decline in dwelling values in 2022-2023 was also much more moderate.

[smartcode_project:default project_id=5345 project_image_fid=227074]

Ryder says there is an emerging trend of more buyers opting to buy units and townhouses, for affordability and lifestyle reasons, including young buyers and downsizers.

"It’s creating rising demand in inner-city locations in the biggest cities.

"The City of Melbourne is benefiting from this trend, with only 1.8% of the LGA’s population living in detached housing, according to the last census. 12.2% live in medium density and 85.3% living in high density accommodation."

Hotspotting's&nbsp;Spring 2023 edition of The Price Predictor Index stated the City of Melbourne is the strongest market in the Greater Melbourne area.

"Of the 10 City of Melbourne suburbs in the analysis, seven are rising markets, one is a recovering market and one is a consistency market (and one is a plateau market)," the report noted.

According to Hotspotting’s Top 10 Apartment Markets report, published in August 2023, apartments were outperforming standalone houses in a number of ways – including faster growth in rents, superior price growth rates for much of the past 12 months and a growing share of new dwelling approvals.

In the latest State of the States report, from July 2023, Victoria leads the country for construction work done. According to the data, in Victoria, construction work done is 19.3 per cent above its decade average.

<h2>City of Melbourne, Metro Melbourne, Highlights</h2>

 
• Strong population growth 
• Good rental yields 
• Designated Metropolitan Activity Centres 
• Important national cluster of universities and hospitals 
• $35 billion suburban rail loop 
• $16 billion North East Link 
• $14 billion biomedical precinct 
• $6.7 billion Docklands development 
• $2.8 billion Melbourne Square project 
• $1.7 billion Southbank Arts precinct

“Despite facing challenges during the pandemic, Melbourne has shown resilience and stability in its property market," Ryder says

Why Metro Melbourne presents as a "Cheapie With Prospects": Hotspotting's Terry Ryder

When the opportunity to purchase a prime site on Golden Four Drive was presented to burgeoning Gold Coast apartment developer Siera Property Group, their founder and managing director Brent Thompson knew it was an opportunity they couldn't pass on.

Thompson says the prime beachfront site offered the chance to create something which combined contemporary elements of luxury residential living with the nostalgia of visiting the beach as a child.

"When the opportunity to purchase&nbsp;<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">303 Golden Four Drive</a> was presented to us, we couldn't miss the opportunity to take such a special piece of land and design truly unique residences," Thompson says.

"<a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> is very special because we wanted to touch on that nostalgic feel of finding Pippies on the beach, camping by the beach, visiting a family beach shack when they were a child, and deliver residences that captures everything that's special about being able to live on the Southern Gold Coast.

"To be able to purchase such a beautiful piece of real estate and to be able to occupy, whether that's all year round or whether it's to be able to lock and leave and enjoy holidays, it really is just this truly special location and we think that we've paid tribute to that with this beautiful residential design that incorporates all of the aspects that you would expect in high-end residential beachside living as well as in a family home."

[smartcode_project:default project_id=138311 project_image_fid=217332]

Siera Property Group secured the prime 1,214 sqm site late last year, along with plans for an 11-level building. They had Ellivo Architects tweak the design.

Ellivo Co-founder and Director Mason Cowle said&nbsp;the great opportunity with Pipis is obviously it's amazing beachfront site it's quite incredible

"It's quite unusual in the length of the site, so it's allowed us to create two per floor unique residences and because of that length it's given us the ability to open up each of the apartments to the views to the breeze," Cowle says.

"We're really taking a lot of elements if you like from residential design house design but bringing those into a unique apartment product."

[smartcode_project:default project_id=138311 project_image_fid=217335]

The apartments in Pipis start from a generous 279 sqm and they each feature three bedrooms, three and a half bathrooms, and two car spaces.&nbsp;

From the direct lift access, the three bedrooms are located toward the western side of the apartment. The three bedrooms each have an ensuite, while the master has a walk-in wardrobe. Completing the western side of the apartment is a multi-purpose room, which is expected to be utilised as a cinema room or a home office.

The clever positioning of the bedrooms means as soon as residents enter the apartment from the lift and turn east, the apartment opens up to the kitchen, living and dining space. The living is the last point of internal space, which allows for uninterrupted beach views. The whole of the open plan space is wrapped in a balcony with a built-in barbecue kitchen.

[smartcode_project:default project_id=138311 project_image_fid=217336]

"The design intent met the needs of our future occupants we wanted to understand who those occupants were likely to be and what was going to be important to them and you'll see that that really translates to the team that we've chosen to work with as well for the project being Ellivo," Thompson added.

As well as the beachfront, the proximity to some of the Gold Coast's most emerging neighbourhoods was a driving factor in Siera Property Group's purchase of the site.

"What we've seen over the last few years is this real emergence of cultural precincts and lifestyle amenity and that's what we're seeing on the southern end of the Gold Coast in particular Kirra which is only located five minutes south of Bilinga. There's all of these restaurants and hotels and cafes that are currently under construction."

[smartcode_project:default project_id=138311 project_image_fid=224085]

Thompson also noted the walkway which connects all the way down from the Coolangatta border. That's now getting connected all the way through to Surfers Paradise in the north.

"Being able to have the access to all of that amenity on your doorstep while still being set back away from it so you're not right in the middle of all of the hustle and bustle but you can enter and leave when it suits."

[smartcode_project_cta:default project_id=138311]

Siera Property Group secured the prime 1,214 sqm site late last year, along with plans for an 11-level building

"An opportunity not to be missed" Why Siera Property Group couldn't say no to Pipis Bilinga

The Gold Coast beachfront is going through a popularity boom, with new projects lining the sand from Coolangatta up to Main Beach.

Ever since the pandemic locked down the country, Sydneysiders and Melburnians have made up a significant portion of enquiry on the beach, while more recently Gold Coast locals and those living in Brisbane have been the most active in the market, whether it be for a luxury weekender or a future retirement home on the beach.

Each section of the Gold Coast offers something different. Garfield Terrace, one of the most prime stretches of real estate on the Gold Coast, is centrally located near all of the bars and restaurants Surfers Paradise is known for. The strip homes some of the tallest towers in the country, with a number reaching around 40 storeys.

Down the coast toward Coolangatta, the buildings are more pared back due to height limit restrictions in the Southern Gold Coast.&nbsp;

We've taken a look at three of the best beachfront off the plan developments on the Gold Coast.

<h3>Project: Pipis at Bilinga</h3>

Location: 303 Golden Four Drive, Bilinga QLD 4225

Developer: Siera Property Group

SIERA Property Group's <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis at Bilinga</a> presents an exclusive collection of just 19 luxury half-floor seaside residences across a unique 11-level building on <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Bilinga's dress circle Golden Four Drive</a>. Each apartment boasts a spacious open floor plan, spanning from 233 sqm to 314 sqm, with the kitchen, living, and dining areas flowing onto balconies overlooking the beach.

Mason Cowle, director and co-founder of Ellivo Architects, emphasises the uniqueness of <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>.

"The great opportunity with <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> is its amazing beachfront site. It's quite incredible. It's quite unusual in the length of the site, so it's allowed us to create two per-floor unique residences, and because of that length, it has given us the ability to open up each of the apartments to the views, to the breeze."

[smartcode_project:default project_id=138311 project_image_fid=217333]

Frameless glass balustrades and floor-to-ceiling window walls wrap the apartments, ensuring ample natural light, ventilation, and uninterrupted coastal views.

Lisa Schiffermuller, Associate Director of Interiors at Ellivo, said when choosing the materials of <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>, they wanted something that didn't take away from the view.

"People are living there because they want to be by the beach and see the beach every day when they wake up and look out of their window. So our palette is really simple but sophisticated—lots of natural stone, handmade tiles and timber flooring."

[smartcode_project:default project_id=138311 project_image_fid=217334]

Residents at <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> will have access to a host of private ground-floor amenities with a 15 metres heated lap pool and sun lounge deck area, a fully equipped gymnasium with rowing, biking and reformer Pilates and an outdoor rain head shower and a dog wash.

But what truly sets <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a> apart is its prime beachfront location, a rarity on the Gold Coast. The property is between the vibrant areas of Kirra Coolangatta to the south and Tugun and Currumbin to the north.

[smartcode_project:default project_id=138311 project_image_fid=217340]

Residents enjoy easy access to the local amenities offered within Bilinga and its neighbouring areas while still being set back away from it, so residents are not right in the middle of all the hustle and bustle but can enter and leave when it suits them.

<h3>Project: AURA on the Beach</h3>

Location: 59 Garfield Terrace, Surfers Paradise QLD 4217

Developer: ASF Group

<a href="/new-apartments/59-garfield-terrace">AURA on the Beach</a>, the new Northcliffe beachfront project by ASF Group, has already garnered substantial interest, with offers pouring in for its first-release apartments.

Daniel Fang, ASF Group Marketing Director, says there are only so many absolute beachfront residential opportunities, let alone at this calibre of design, finish, and amenity.

[smartcode_project:default project_id=9097 project_image_fid=213558]

<a href="/new-apartments/59-garfield-terrace">AURA on the Beach</a> will see only 27 full-floor residences and a single multi-level penthouse, one of the largest on the Surfers Paradise beachfront. Each full-floor apartment offers expansive open-plan living/kitchen/dining areas, four bedrooms, 3.5 bathrooms, and more than 10 metres of direct ocean frontage.

<a href="/new-apartments/59-garfield-terrace">AURA on the Beach</a> also has a resident-only amenity offering, which will include an ocean-view infinity pool, cabana, gym, and yoga room on the podium floor, as well as a rooftop alfresco entertainment area with sweeping views of the Gold Coast's cityscape and hinterland.

[smartcode_project:default project_id=9097 project_image_fid=212797]

<a href="/new-apartments/59-garfield-terrace">AURA on the Beach</a> is across the road from Northcliffe Surf Club and is a two-minute walk to the light rail station.

<h3>Project: AALTO</h3>

Location: 75-79 Garfield Terrace, Surfers Paradise QLD 4217

Developer: Weiya Holdings

AALTO, the new Surfers Paradise beachfront apartment development on Garfield Terrace, has made waves in the market. Within just a month of its launch in Q4 of 2022, it secured over $30 million worth of sales.

Developed by Weiya Holdings, AALTO comprises 74 two-, three-, and four-bedroom apartments and a sprawling 1,830 sqm, $15 million penthouse atop the 38-level Conrad Gargett-designed tower. The penthouse features five bedrooms, a cinema room, a gym, indoor and outdoor kitchens, and a 15-metre swimming pool.

A[smartcode_project:default project_id=108209 project_image_fid=206397]

Conrad Gargett Director John Flynn says AALTO's design is inspired by the movement of sand and water, a consequence of the Long Shore Drift phenomenon.

"The articulated edges display a natural rhythm comprised of soft corners and long sweeping forms, inspired by the inimitable movement of drifting sands and water along the coastline," Flynn says.

Much like the apartments, the residential amenities have also been designed to take in the sweeping beach views, with an ocean-view gym with a sauna, an ocean-view yoga area, and an infinity pool that seemingly hovers over the sand.&nbsp;

[smartcode_project:default project_id=108209 project_image_fid=206388]

AALTO also offers The Club AALTO lounge with an owner bar, private function facilities and meeting rooms - fitting for fly-in and fly-out business elite residents. Concierge services are also available, from booking airport transfers and hair and make-up stylists to laundry services and housekeeping.

Ever since the pandemic locked down the country, Sydneysiders and Melburnians have made up a significant portion of enquiry on the beach, while more recently Gold Coast locals and those living in Brisbane have been the most active in the market

The top three absolute beachfront apartment developments for sale on the Gold Coast

As one of Sydney's first planned suburbs, Rosebery was created to accommodate expansive industrial workplaces in 1911.

Despite the&nbsp;once working-class suburb experiencing a transformation of its industrial warehouses into food and beverage hubs which has drawn peoples attention to Rosebery, there's been little activity in the new and off the plan apartment space, with land for a new development difficult to procure.

Rosebery ticks a lot of boxes for buyers. Its proximity to the city, just six kilometres and several transport routes to accomodate that, is one of the major drawcards, as is the distance to the University of New South Wales, just the other side of Moore Park.

One of the most recent entrants to the new and off the plan apartment space in Rosebery is The Rothschild by renowned developer Deicorp.&nbsp;

[smartcode_project:default project_id=106843 project_image_fid=221673]

The Candelapas-designed apartment development is ideally located at 24 Rothschild Avenue, just six kilometres from Sydney’s city centre and within walking distance of the best Rosebery offers.&nbsp;

The Rothschild's design reflects the industrial heritage of Rosebery, but with European influences.&nbsp;The Rothschild is made with bricks, with the facade curtained by circular columns, arches, and cascading greenery.

Two eight-level buildings will home 176 apartments, multiple outdoor areas, a communal music room and a ground-level retail space.

[smartcode_project:default project_id=106843 project_image_fid=221666]

Residents can access the private landscaped rooftop gardens and the communal courtyard to relax, interact and play while enjoying quick access to the nearby Sweetacres Park.

With all the amenity options within The Rothschild, residents can enjoy the ground-level restaurant and café beneath the residential apartments. The East Village Shopping, Woolworths Metro Rosebery and Wholefoods House are all within walking distance of home for retail conveniences.

The Rothschild is just 550 metres from The Cannery, which really lit a spark under the suburb as a place to visit.

[smartcode_project:default project_id=106843 project_image_fid=221672]

Housed in a revived warehouse space, The Cannery brings together food, drinks and designer homewares, with vendors such as Three Blue Ducks, Koskela and Archie Rose Distilling Co featured in the building, while popular favourites like Messina, Pizza Da Mario and Grandma’s have also made a home for themselves in the burgeoning suburb.&nbsp;

The Rothschild is located just across the road from Sweetacres Park, a green outlook rarely found in an inner-city suburb.

Construction on The Rothschild is well underway, with completion slated for early 2025.

[smartcode_project_cta:default project_id=7016]

One of the most recent entrants to the new and off the plan apartment space in Rosebery is The Rothschild by renowned developer Deicorp

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