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

Joel Robinson

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

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

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

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

The latest Mermaid Beach apartment development has been greenlit.&nbsp;

The approved site is being developed by Bayley Property Group and managed by SK2 Property, set atop the popular BSKT Cafe, which has been a staple of the local community since 2013.&nbsp;

With a number of years still remaining on the lease for BSKT, both Bayley Property and the cafe owners are set to continue operations, with the new development planned to commence at the end of the lease term.&nbsp;

<img alt="Render of the proposed Lavarack Road development" data-entity-type="file" data-entity-uuid="73fa34e8-163a-42b9-b31b-e2980c14a19e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/4.jpg?VersionId=s7Dj4luUsfgRVl5W3ykJKUVMI3zs5CZt" />

Located on the corner of Lavarack Road and Albatross Avenue, the project is set to&nbsp;transform the existing site into&nbsp;a mixed-use development that preserves the cafe while introducing luxury apartments.

SK2 Property Director, Stuart Kirk said they've received a number of enquires from local owner-occupiers since the inception of the project.

"Many of the enquires have come from buyers seeking a new high-end apartment on the beachfront of Albatross Avenue, including the penthouse apartment, showcasing the highly desirable location of the project and quality of the design"

The strategic location of the development is noteworthy, as it forms a crucial link between the proposed Nobby Beach light rail station and Mermaid Beach. This connection will undoubtedly enhance the accessibility and vibrancy of the area.

<img alt="Render of the proposed Lavarack Road development" data-entity-type="file" data-entity-uuid="274e1ae5-eea9-414b-b09e-6be37d0614c8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1.jpg?VersionId=YV7J5Iz3DcSUvdM4QhcutW3fiJ9iqJP0" />

BDA Architecture designed the six apartment project with a focus on spaciousness and ocean views.&nbsp;The layout features a two-apartment-per-floor arrangement, with exceptions being made for the ground floor and the top residential level which homes the penthouse.&nbsp;

&nbsp;

Each of the apartments main indoor living areas and bedrooms are oriented toward the street frontage, in a bid to capitalise on the ocean views.&nbsp;

Crowning the building is a rooftop terrace, which serves as a signature cap to the building. The private recreation space, exclusive to the full storey penthouse below, includes a pool, sundeck, sunken terrace, and a barbecue area with dining and lounge seating.&nbsp;

The south-western corner of the building will house essential facilities, such as a laundry, powder room, plant room, internal staircase, lift shaft, and fire stairs. The perimeter of the building will incorporate planters, continuing the green space upward and reducing the perceived bulk and scale of the structure.&nbsp;

The café, which has been a staple of the local community since 2013, will remain an integral part of the new development

Bayley Property Group green lit for Mermaid Beach development, Lavarack

ASX-listed community developer AVJennings has reached a significant milestone at its <a href="/developments/williamstown-vic-3016">Williamstown</a> community, Waterline Place.

They've topped out Merchant Apartments, their final apartment building in the 2.7-hectare masterplan. The seven-level building will be the last apartment building of its height in the City of Hobsons Bay.

Over 70 stakeholders including AVJennings CEO Phil Kearns and staff, principals from prominent architecture firm Elenberg Fraser who designed Merchant Apartments, town planners, and other key consultants and suppliers gathered atop the building to commemorate the achievement.&nbsp;

<a data-entity-type="file" data-entity-uuid="2b0f91d2-d673-4270-b076-b6392cfa328e" href="/buildings/merchant-apartments-at-waterline-place-williamstown"><img alt="Merchant" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-11%20at%208.50.21%20am.png?VersionId=MzsrBsgEl7w9K1hJG8Ihfxeb.tG8nulD" /></a>

"The completion of the building is a significant milestone for the flagship community as it is the last apartment building in the precinct and the last of its height in the City of Hobsons Bay,"&nbsp;AVJennings Chief Executive Officer Phil Kearns said.

"The Merchant apartment topping out is a proud moment for AVJennings and represents an important achievement in the delivery of the Waterline Place community.”

[smartcode_project:default project_id=112774 project_image_fid=197058]

The Elenberg Fraser-designed building was designed to represent the site's industrial past. It has 127 apartments, with prices starting from $550,000.

Earlier this year two adjoining penthouses were sold to the same buyer for a combined&nbsp;$4 million plus, <a href="/news/vic/avjennings-set-williamstown-apartment-record-at-merchant-apartments-waterline-place-community">setting the Williamstown apartment record</a>.

[smartcode_project:default project_id=112774 project_image_fid=197060]

The buyer intends on amalgamating the apartments to create a 309 sqm spread with&nbsp;dual aspect views of both Hobsons Bay and the city.

AVJennings kicked off development at Waterline Place seven years ago.&nbsp;When complete, the Waterline Place community will home over 520 residences with a mix of one, two and three-bedroom apartments and executive style three-bedroom townhomes – all conveniently located close to cafes, local shopping, reserves, the beach and 12km from the Melbourne CBD.&nbsp;

[smartcode_project_cta:default project_id=112774]

The seven-level building will be the last apartment building of its height in the City of Hobsons Bay

AVJennings top out Merchant Apartments, Williamstown apartment development

Property advisory firm Charter Keck Cramer believe the Sydney off the plan apartment market is in the process of recalibrating and “jumping” ahead by a full cycle.

Suggesting there's been challenges in Sydney's apartment market over the last 12 to 18 months given the RBA's tightening cycle, Charter Keck Cramer noted in&nbsp;their&nbsp;State of the Market Report H1 2023 that although headwinds remain, there are now green shoots beginning to emerge.

"We anticipate the BTS apartment market will gradually improve over the balance of 2023 and into 2024," the report read.

"Whilst there have been challenges in various apartment sub-markets and locations throughout Sydney, boutique prestige projects continue to perform strongly. This is highlighted by strong takeup of new release projects and continued excellent demand (and prices) for development sites in premium locations."

They said once there is greater market certainty that we're nearing the top&nbsp;of the rate tightening cycle, which may have already occurred, overall market sentiment is expected to start improving.

"When interest rates enter a tightening phase (which could be as early as 2024), improved sentiment and ongoing supply issues are anticipated to combine and manifest in an extremely elastic response across the market. This is assuming that economic conditions do not notably deteriorate nor is there a significant increase in unemployment.

"The BTS and BTR apartment markets stand to be the primary beneficiaries of the next cycle given substantial affordability issues in Sydney as well as the structural changes in living preferences of which our readers are now well aware."

The supply v demand imbalance is even more pronounced than it was earlier this year, CKC suggested.

They believe&nbsp;Sydney needs to build between 22,000 to 25,000 build to sell and build to rent apartments every year to accommodate the growing population. 
<img alt="BTS Sydney" data-entity-type="file" data-entity-uuid="938fd5d9-42c8-4679-9473-93ace31bad47" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-11%20at%2011.22.16%20am.png?VersionId=fGZHRPTxM7eWMBFcz7kZDfA6KThMUa59" />

"Sydney has averaged about 18,500 apartment completions per year over the past decade. During FY2024 – FY2026, apartment completions are forecast to measure around 12,000 per annum."

Apartment completions in Sydney Metro fell to 7,700 during FY2023, the second consecutive year of decade low delivery. The 7,700 was just 50 per cent lower than typical annual completions.

CKC noted that a&nbsp;greater number of apartments will be delivered in the next two years, with 21,500 currently under construction and a further 7,800 marketed for FY2025 completion, as the market tries to ‘catch up’ from the COVID-affected years.

"We continue to expect Sydney’s apartment market to remain undersupplied, despite the projected increase in construction volumes as high levels of net overseas migration (NOM) absorb new stock. Furthermore, a significant proportion of projects currently marketed for FY2025 completion are likely to be delayed given elevated construction costs and a challenging pre-sale environment."

CKC also believe current projects by the Government "substantially underestimate population growth."

"This misalignment between supply and demand is anticipated to remain an ongoing issue, and depending on the responses by Government, could potentially be exacerbated over the balance of the decade."

The lack of supply is likely to place upward pressure on pricing.

<img alt="Sydney BTS" data-entity-type="file" data-entity-uuid="a946e25a-ea21-4809-ae34-8357592f6a53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-11%20at%2011.35.06%20am.png?VersionId=sSQYXYMbq2PXqUU46jGszbuFkhikosRg" />

"From a market perspective, lack of new supply over the last three to four years should result in greater demand for apartment stock, being the most affordable dwelling typology. This will likely place upward pressure on pricing, particularly when market sentiment improves and interest rates start to cycle downwards."

There's already been&nbsp;median apartment price growth in some markets due in part to the Reserve Bank of Australia holding cash rates firm and exorbitant growth in rental pricing.

"This has seen an increase in buyer activity as more purchasers return to the market. For developers to ensure the best opportunity to increase pricing, new projects will need to feature highly marketable characteristics in order to generate strong demand.

"There has been growing interest from purchasers to acquire product within well thought out master planned projects, offering excellent social amenity and practical design options. This is particularly in light of more residents employing a hybrid working model. Such projects in centralised locations offering superior lifestyle factors (close proximity to public transport, retail, schools, employment hubs) have seen a notable increase in project appeal."

"We anticipate the BTS apartment market will gradually improve over the balance of 2023 and into 2024," the report noted

Sydney apartment market "jumping a full cycle": Charter Keck Cramer State of the Market Report

Melbourne's ever-evolving skyline is set to welcome a new addition, as Samuel Property's Louise development continues its steady ascent towards completion.

Renowned builder Hamilton Marino are currently construction the 16-level project on Louise Street, just off St Kilda Road. They're expecting a two-year build, with completion coming toward the back end of 2025.

Over 70 per cent of the apartments have already been snapped up in the Cera Stribley-designed building. Downsizers have made up a majority of the buyers so far, with many seeking&nbsp;the convenience of a lock-and-leave lifestyle that the apartments offer.&nbsp;

[smartcode_project:default project_id=112174 project_image_fid=199592]

Louise will comprise 88 apartments, a mix of one, two, three, and four-bedroom residences.

The initial number of apartments set to be delivered has been slightly adjusted as&nbsp;a result of many buyers choosing to amalgamate multiple floor plans, creating unique spaces tailored to their individual preferences.

Located on the corner of Louise Street and Queens Lane, Louise is a testament to modern architectural design while paying homage to the city's rich art deco heritage. Cera Stribley's aim was to have Louise blend seamlessly into its surroundings. In keeping with its surroundings on St Kilda Road, Louise's architectural palette is a harmonious blend of red brick and white terrazzo, complemented by lush greenery.

[smartcode_project:default project_id=112174 project_image_fid=199600]

The tower's design is a nod to the nearby Albert Park Sailing Club, with projecting eaves fanning out as the building ascends, creating a visually stunning and organic effect. The tower's concrete and glass skeletal exterior is a study in symmetry and balance, with a vertical seam running the entire length of the structure, providing a distinctive character to the development.

Blair Property Group's Darren Blair, who is marketing Louise, says getting the construction underway is a major sign of confidence in today's off the plan environment.

"While construction commencement is a major milestone in the off the plan market and it gives people confidence the building is going ahead, it also helps those who want and need a more firm completion timeline so they can get their other affairs in order."

&nbsp;

[smartcode_project_cta:default project_id=112174]

Over 70 per cent of the apartments have already been snapped up in the Cera Stribley-designed building

Hamilton Marino begin construction on Louise Melbourne apartment development

The growth in the Sydney unit market looked like it had started to slow in July, following booming gains earlier in the year.

Growth slowed to a still respectable 0.7 per cent, but that followed gains of 1.2 per cent in June and 1.8 per cent in May.&nbsp;

But the latest update in property data analytics firm CoreLogic's Monthly Hedonic Home Value Index showed solid growth of one per cent over August, taking units to a new median $822,000.

Sydney unit values (which includes apartments and townhouses), are now 5.2 per cent up over 2023 and 1.1 per cent compared to this time last year.

Nationally, August marked the sixth consecutive month of housing value recovery.

CoreLogic Research Director Tim Lawless noted the trend in housing values, although generally positive, is diverse.

“Sydney has led the recovery trend to-date with a gain of 8.8 per cent since values found a floor in January this year. Brisbane has also posted a strong recovery with values up 6.2 per cent since bottoming out in February."

Stock levels across Sydney rose in August, up nearly 10 per cent, but they remain lower than they were a year ago.

Read more:&nbsp;<a href="/news/nsw/city-beat-august-2023-sydney-unit-value-growth-softens-as-listings-rise-but-not-in-the-off-the-plan-apartment-market">City Beat August 2023: Sydney unit value growth softens as listings rise, but not in the off the plan apartment market</a>

<h1>What's happening in the Sydney off the plan market?</h1>

Agents are reporting higher demand as we approach the back end of the year, across various different pockets of Sydney and Newcastle.

It's the premium apartments which are selling well, generally because they tend to be bought by downsizers and empty nesters, who either don't require any finance, or not as much, compared to a first home or next home buyer.

McGrath Projects Associate Director Adam Sparkes, who is marketing Grand Reve in Castle Hill, has seen the most recent enquiry coming from well qualified buyers with an intent to purchase.

[smartcode_project:default project_id=94147 project_image_fid=197731]

"We’re getting good enquiry for the over-sized large premium apartments at Grand Reve in Castle Hill, but we’re running low on supply," Sparkes says.

"Buyers looking at our three bedroom plus studies, four bedrooms and penthouses are typically downsizers, most of whom own their homes outright. This particular group of buyers are not affected by the RBA as closely as first home buyers or up-sizers might be."

Interestingly Sparkes is also fielding interest from Australian expats who are seeing value in the Hills area.

"One of our most recent purchasers, a couple living in Singapore, have bought a large two bedroom plus study apartment which may serve as an investment on completion, and longer term as a new home when they return to Sydney. Buyers are now seeing a completion date roughly 12 months from now, and they’re able to work toward that timeline a little easier than they would when construction completion is forecast years from now."

[smartcode_project:default project_id=94147 project_image_fid=203070]

Colliers Director Residential Peter Kerras has found the same levels of demand at the premium end of the market.

"The strong results we’ve seen at Newlands in St Leonards and Newmarket in Randwick are based off low supply and the significantly high house prices in the Lower North Shore and Eastern Suburbs," Kerras says.

Kerras says it's remarkable how resilient the market has been, despite the recent month-on-month rate rises.

"Buyers are now more concerned about where they are going to live. The huge jump in rents across Sydney has fuelled buyer demand, and the first home buyer scheme and NSW Shared equity scheme have assisted this."

[smartcode_project:default project_id=24509 project_image_fid=203622]

Kerras is expecting spring to be busy, with Colliers handling new releases at Alkira Asquith, the final release in the Woolooware Bay masterplan, and The Glade release at Newlands in St Leonards, all of which are set to fuel demand.

It's the same view from the Colliers Newcastle team, with Peter Macadam saying over 2023 he's typically seen buyers downsize in this market.

"Announcements from developers around planning status and constructions contracts will act as further stimulus for projects in Spring, whilst downsizers will be buoyed by the positive impact of the general residential market throughout that period, Macadam says.

Investor interest has been strong, Macadam says, based on the low 1.5 per cent vacancy rate in Newcastle, which is outperforming Sydney's 1.6 per cent vacancy.

"While enquiry level has reduced from the peak, the qualified buyers are still moving forward despite the higher interest rate environment," Macadam adds.

Colliers is set to launch a new project of 230 apartments during spring, pending final development consent by the local council.

Agents are reporting higher demand as we approach the back end of the year, across various different pockets of Sydney and Newcastle.

City Beat August 2023: Downsizers fuel Sydney's off the plan apartment market

New Eastern Suburb developer Toohey Miller has revealed No.1 Onslow Place, its first apartment development in <a href="/developments/elizabeth-bay-nsw-2011">Sydney's affluent Elizabeth Bay</a>.

The project, No.1 Onslow Avenue, named after its prime location just off Arthur McElhone Reserve and a close neighbour to Elizabeth Bay House, comprises just six full-floor apartments with interiors by renowned interior designer David Hicks, the Melburnian's his first high-end project in Sydney

Tzannes Architects designed the building to bring a contemporary yet timeless design to the character of the coveted neighbourhood. The facade features distinctive curved brickwork, reminiscent of the iconic New York City art deco era.

Each apartment features natural oak, double herringbone parquetry flooring and white-honed marble. boasts views across the harbour, with four of the six having different different site aspects.

[smartcode_project:default project_id=141600 project_image_fid=219758]

The living areas with large windows flow onto private wrap-around terraces with unobstructed views of the harbour. Four of the six apartments have two aspects.

Nick Couloumbis, Founder of Toohey Miller, said No.1 Onslow Place was designed not just as a development, but as six distinct and individual living spaces.

“Toohey Miller has curated its consultant team, bringing David Hicks’ European and International flair, combined with Tzannes’ quintessentially Australian architecture, to create an environment that resonates with the legacy of the location while offering a fresh perspective on luxury living.”

“These residences are incredibly rare given their full-floor offering and views - we liken them to a Monet or Picasso. Rarity in property equals exceptional enduring value to future owners.”

[smartcode_project:default project_id=141600 project_image_fid=219762]

Miller says Elizabeth Bay has some of the most beautiful views of the harbour.

"Perched so high, the elevated position of No.1 Onslow Place showcases views that are nothing short of spectacular. Every residence has an incredible view, four with two aspects, so residents can enjoy the tranquility of this picturesque pocket of Sydney. With Arthur McElhone Reserve across the road, juxtaposed by the energy and amenity of Macleay Street, a cosmopolitan playground housing Sydney’s best restaurants and retail stores, Elizabeth Bay has multifaceted allure.”

The penthouse at No.1 Onslow Place spans two floors and offers&nbsp;270-degree views of the ocean. Its upper level is designed for entertainment, featuring a bar and lounge that overlook the vista. The apartment also features a steam room, and its own identity in its finishes with&nbsp;hand-selected green onyx cladding the kitchen, bar and bathrooms. There's a pool on the rooftop.

Dangar Barin Smith's landscape design for No.1 Onslow Place complements the native context of Elizabeth Bay, with references to Arthur McElhone Reserve, harmonising the natural surroundings with the living spaces.

[smartcode_project_cta:default project_id=141600]

Tzannes Architects designed the building to bring a contemporary yet timeless design to the character of the coveted neighbourhood

Toohey Miller reveal Onslow Place, Elizabeth Bay apartments

Ellipse Property&nbsp;has appointed multi-award-winning, iCIRT-rated construction company Decode Group&nbsp;to build Stage One of its $850 million masterplanned <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> community, Carrington Place.

The <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">huge five-building project at 36 Carrington Road</a>, opposite the Hills Showgrounds Metro Station and in the heart of <a href="/developments/castle-hill-nsw-2154">Castle Hill</a>, will comprise 771 apartments when complete in 2032.

The first stage,&nbsp;Atrium, will home 151 of those apartments within one eight-level building which will also home rooftop recreational spaces with views of the surrounding landscape.&nbsp;Atrium&nbsp;will be the gateway to the <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place precinct</a>.

[smartcode_project:default project_id=89496 project_image_fid=216770]

Founder of Ellipse Property, Sam El Rihani, said their&nbsp;decision to partner with Decode for the construction of stage one at <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> underscores a shared mission in delivering excellent built solutions.

“With a proven track record of excellence and reliability, Decode has a history of delivering award-winning residential and mixed-use projects that they are proud to stand behind long after construction completes.

“The attention to detail, commitment to excellence and dedication to quality aligns seamlessly with our vision for <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> as the future heart of the <a href="/developments/castle-hill-nsw-2154">Castle Hill</a> Showground."

Ellipse and Decode have worked together on projects in Homebush and Miranda previously.

[smartcode_project:default project_id=89496 project_image_fid=216769]

Decode was one of the first 20 businesses to receive a Gold Star iCIRT Rating in NSW. The company was in the very first group to be rated when the rating system was unveiled by the Office of the NSW Building Commissioner in May 2022.

Providing an unbiased and independent review of an organisation, an iCIRT rating is obtained through a thorough assessment of all aspects of a business, aimed at building transparency in the industry and trust with the Australian families and individuals looking to buy-off-plan.

Decode Director Divya Mehta said the appointment for <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> was a big step forward for Decode

“Decode is delighted to be appointed as the builder on stage one of the landmark <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> master-planned, multi-staged project.

"As one of the largest new residential projects in the Hills District it is a significant step forward for Decode and we’re ready to set the benchmark for modern living in Castle Hill. We are committed to delivering excellence in construction and look forward to working closely with Ellipse to realise their vision of a community focused and sustainable lifestyle with stage one, Atrium."

[smartcode_project:default project_id=89496 project_image_fid=216764]

Decode recently won the 2023 Urban Taskforce Development Excellence Award in the Mixed-Use Development category for the construction of its Burwood Grand residential project in Sydney’s inner west.

Architectural firms&nbsp;Tony Owen Partners and Stanisic Architects worked in collaboration to design <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a>, with the main inspiration coming from the 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.

The project will be home to over 20,000 sqm of&nbsp;outdoor recreational space and gardens, conceived by landscape architect Site Image Landscape Architects, making it one of the greenest master-planned communities in the Hills District.

Carrington Place Project Director Joseph Chiha&nbsp;emphasized that <a href="/new-apartments/carrington-place-castle-hill-36-carrington-road-castle-hill">Carrington Place</a> 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," Chiha said.

Construction on Atrium is expected to commence in Q3 2023, with completed in Q3 2025. The entire five-stage precinct is due for completion in 2032.

[smartcode_project_cta:default project_id=89496]

Decode recently won the 2023 Urban Taskforce Development Excellence Award in the Mixed-Use Development category for the construction of its Burwood Grand residential project in Sydney’s inner west

Decode to construct first stage of $850 million Carrington Place, Castle Hill apartment development

The Albertine, one of Mirvac's latest residential developments, is set to take centre stage above not one, but two of Melbourne's best parklands.

The 15-level Queens Lane building, which launched to the market last month, will take in views of Albert Park to the west, while Fawkner Park is just 100 metres from The Albertine front door.

The Albertine will take up a prime position on the fringe of Melbourne, offering the tranquility of the neighbouring parklands while also being in the vibrant St Kilda Road precinct which offers both convenient amenity and connectivity to the heart of the city.

Mirvac snapped up the prime 2,323 sqm site in mid-2022, with the driving force behind the purchase being the unbeatable location.&nbsp;

[smartcode_project:default project_id=138659 project_image_fid=215880]

There are just 98 one, two, three and four-bedroom apartments on offer in the all electric building, as well as extensive amenity in the form of The Circadian Club, which features&nbsp;an&nbsp;indoor pool and spa, state-of-the-art gym, yoga and pilates studio and sauna, and the&nbsp;Elysian Room, which will home a residents exclusive dining space with sweeping views across Melbourne.

Future residents won't have to look far for activities outside The Albertine. On the doorstep is the 225-hectare Albert Park, home to the Australian Grand Prix. The park is littered with picnic areas, playgrounds, communal barbecues, and walking and bicycle trails, the main route circling the lake.

[smartcode_project:default project_id=138659 project_image_fid=215878]

Adjoining the park there's the internationally recognised Melbourne Sports &amp; Aquatic Centre, Lakeside Stadium, home of Athletics Australia, the historic Junction Oval, and the Albert Park Public Golf Course and driving range, all located on the opposite site of the lake to The Albertine. There's various bowls clubs, tennis clubs, cricket ovals and soccer and rugby fields scattered across the vast expanse of parklands.

Some of Melbourne's most iconic venues are within easy reach of The Albertine. Think the MCG and Rod Laver Arena, Melbourne Museum, and the National Gallery Victoria.

Shopping options surrounding The Albertine are too abundant. There's the local shopping villages of Bridport Street in Albert Park, Clarendon and Coventry Street in South Melbourne and High Street Armadale. Popular with foodies, the South Melbourne &amp; Prahran Markets are within easy reach. And for high fashion, easily venture into Chapel Street South Yarra, the CBD for Collins Street Boutiques, Emporium Melbourne and more.

[smartcode_project:default project_id=138659 project_image_fid=215945]

Transport links are always the key when it comes to buying into an off the plan development. There's extensive connectivity by either car or tram from St Kilda Road, while the future ANZAC Station is set to be developed not far from the Queens Lane address. There's further bus links on Commercial Road, around one kilometre away.

Families will also find The Albertine an attractive choice due in part to the project's close proximity to a range of esteemed schools, including Christ Church Grammar, Melbourne Girls Grammar, Melbourne Grammar School, Port Melbourne Secondary College. The RMIT University, The University of Melbourne, and Wesley Colleges are also within proximity.&nbsp;

[smartcode_project_cta:default project_id=138659]

<ul>
</ul>

The Albertine will take up a prime position on the fringe of Melbourne, offering the tranquility of the neighbouring parklands while also being in the vibrant St Kilda Road precinct which offers both convenient amenity and connectivity to the heart of the city

A parkside haven: How Mirvac's The Albertine takes advantage of Melbourne's best parks

ASX-listed supermarket gaint Coles is seeking to create a new home for itself in Sydney's affluent Neutral Bay, in turn turfing out their fiercest competitor in the process.

They've filed concept plans with the North Sydney Council for a $170 million mixed-use village at 41-53 Grosvenor Street, currently the home of a full-line Woolworths, BWS, and a council car park.

The plans, submitted by Coles Group Property Development Ltd which is directed by Coles CFO Sharbel Elias and Chief Legal Officer David Brewster, include what is described as a new "state-of-the-art Coles supermarket" and a Vintage Cellars, as well as two additional small shopfronts. They will create a landscaped public plaza which will create a landscaped public plaza which will replace the current council carpark.

Above the street will be seven levels of apartments, which will home 72 new apartments. The one-bedroom apartments from 73 sqm, two-bedrooms from 98 sqm, and three-beds from 153 sqm.

There will be two levels of Coles customer basement parking, and a level dedicated to resident parking.

<img alt="Coles" data-entity-type="file" data-entity-uuid="d57df8de-d690-4d03-af7d-b3eb0399a51f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%206.42.28%20pm.png?VersionId=gsBJsuv7NbkeQKDoEHzqx64RGBYHQk.w" />

SJB Architects handled the design, suggesting in the plans that&nbsp;Neutral Bay Town Centre will be re-imagined as a vibrant village neighbourhood with a green, porous, flexible and accessible heart.

"Situated right at the heart of Neutral Bay, the site has potential to be a place truly ingrained in the community. A combination of providing much needed public open space, pedestrian connectivity and activation linking to surrounding businesses means Neutral Bay Town Square can be the heart of community geographically and culturally."

They said landscaping plays a vital role in the success of a mixed-use precinct.

"Whether situated on the ground level, roof gardens, or balconies, gardens are essential in enhancing the overall appeal of apartments.

"By serving as an inviting space for residents and acting as a buffer between different users of the site, expansive gardens on the podium roof contribute to the flourishing retail precinct. Additionally, they provide a sanctuary for local birds and insects in the urban environment. These gardens will become a defining feature of the site, offering a unique experience to the public and creating a desirable natural backdrop for the plaza, both at street level and atop buildings."

<img alt="Coles Neutral Bay" data-entity-type="file" data-entity-uuid="1a8c0a8a-15b5-4286-b3e4-bfede3bbdcce" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%204.58.43%20pm.png?VersionId=lsv1hYonO7rRm4YA8uXUs2vm_b8TPRlM" />

They suggested the&nbsp;residential component to the new development will sit as a quiet backdrop to public life below.

"Residences located in a mixed-use precinct such as this provide self-serving activation as well passive surveillance and safety of the public domain that it sits within.

"The residential component is critical in establishing an 18hr precinct that is destination throughout varying times of day and night. The residential buildings will also be quiet in their material palette with the opportunity to also incorporate masonry at the upper levels for its high level of quality, craft and familiarity in establishing new homes. In any case the residential components of the building should be light in colour and link themselves to the sky and views beyond the site."

The North Sydney Council is currently preparing a&nbsp;Neutral Bay Town Centre Planning Study, having earlier this year sought feedback from the local community. It will be prepared with input from expert economic, transport and design specialists.

They said the study will guide&nbsp;future development proposals within the centre which may include targeted modest increases in height and density while retaining the village atmosphere.

Above the street will be seven levels of apartments, which will home 72 new apartments

First look exclusive: Coles to turf out Woollies in $170 million Neutral Bay development

Frasers Property Australia and Mitsui Fudosan have established a new joint venture to deliver a further three developments in Frasers Midtown MacPark masterplan.

The duo are already in partnership to&nbsp;deliver MAC Residences, Midtown MacPark’s first development, which is currently under construction.&nbsp;

The three new apartment developments will have an estimated end value of $797 million and will bring their partnership delivery to 1,149 apartments and four terraces across all four buildings.

Mark Gleeson, Frasers Executive General Manager Investments, says the deepening of the partnership with Mitsui Fudosan aligns with Frasers Property’s strategy to leverage capital partnerships to achieve its growth objectives.

“Working together to deliver MAC Residences at Midtown MacPark has demonstrated the strong alignment in values and priorities between Frasers Property and Mitsui Fudosan," Gleeson says.

"This includes our shared commitment to create high-quality, sustainable assets as part of a wonderful community for our customers.

“Our growth strategy is to draw on our core capabilities and leverage the experience of our partners to create premium assets, and to recycle capital to pursue new opportunities aligned with our specialist expertise, particularly in large-scale, mixed-use community development and placemaking."

The partnership with Frasers Property in MAC Residences was Mitsui Fudosan’s first foray into the Australian market. This expanded joint venture at Midtown MacPark is their second.

[smartcode_project:default project_id=29969 project_image_fid=213810]

Kenji Oka, Managing Director of Mitsui Fudosan Australia, said the new relationship makes&nbsp;sense to take their growth in the Australian market to the next level.

Designed by Bates Smart, MAC Residences is the first building at Midtown MacPark and of its 269 apartments, only seven remain unsold. The development has proven popular with first home buyers, young families, singles and couples, downsizers, investors, and more. Completion is scheduled in 2023.

One of the next buildings, Treehouse, is part of the expanded joint venture. That will have 162 apartments and several unique green breakout spaces which give the building its name, as well as around 1,000 sqm of ground floor retail space. Construction is expected to commence in late 2023, with around 43 per cent of apartments sold since launch.

The other two developments in the expanded joint venture are as yet unnamed. One will comprise 268 market apartments, 216 community housing dwellings and four terrace homes, with a targeted sales launch in March 2024. The final building in the joint venture will feature 234 market apartments and is anticipated to be launched in the last quarter of 2024.

[smartcode_project:default project_id=29969 project_image_fid=213805]

All four developments in the joint venture will feature rooftop solar installation and smart meters, and Real Utilities, the wholly owned licensed energy retailing business of Frasers Property Australia, will provide 100% Climate Active-certified carbon neutral energy to the buildings.

Similar carbon neutral innovations are planned for future developments in the community. Frasers Property is targeting a 6 Star Green Star Communities rating for Midtown MacPark and the vision is for the community to be carbon neutral in operation.

To be developed in stages over the next 10 to 12 years, Frasers Property is working with the NSW Government to deliver the $2.2 billion Midtown MacPark masterplanned mixed-tenure community, which will integrate approximately 3,300 apartments with a range of community facilities.

An all-electric mixed-tenure community designed for 100% walkability, Midtown MacPark is a vibrant and inclusive community bringing more open space, new amenity and infrastructure including a central Village Green, pocket parks and playgrounds, cycling and walking trails, a commercial pay-as-you go pool and gym, community centre, as well as shops, cafes and beauty offerings, and so much more. The Village Green, pool, gym and community centre will be delivered in line with the Treehouse development.

[smartcode_project_cta:default project_id=29969]

The three new apartment developments will bring their partnership delivery to 1,149 apartments and four terraces across all four buildings



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