<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?

Developer&nbsp;New Hope Evergreen&nbsp;has sold three luxury penthouses across its two apartment developments in St Leonards.

They've secured an $8 million sale of The Grand Harbour penthouse in the completed The Landmark development, and two penthouses in their recently launched The Landmark Quarter development nearby.

CBRE's Tim Rees secured the sales of the two Landmark Quarter penthouses, for $9 million and $7.1 million.&nbsp;

“Identified as a new Sydney growth area, St Leonards developments are booming," Rees says.

"The NSW government has now finalised details of its planning changes, bringing 16,500 new jobs and 6680 dwellings into the suburb and neighbouring Crows Nest.

“Developers are acquiring property in the precinct as the state government plans to permit higher height limits, rezoning areas to address Sydney’s housing shortage and allowing more mixed-use developments close to where people want to live with transport, education, restaurants, health and education hubs nearby."

[smartcode_project:default project_id=139897 project_image_fid=212569]

The Landmark Quarter, a collection of three Rothelowman-designed buildings, is located&nbsp;at St Leonards South’s highest point and the new development presents six-star levels of resort-style luxury, including amenities like a cinema, mineral pool, rooftop terrace, dining and games room, gym, hot spa and smart home technology.

Construction is due to commence this year, with completion anticipated for Q1 2026.

Read more:&nbsp;<a href="/news/nsw/a-cinema-swimming-pool-and-billiards-room-inside-the-amenity-laden-st-leonards-off-the-plan-apartment-development-the-landmark-quarter">A cinema, swimming pool, and billiards room: Inside the amenity-laden St Leonards off the plan apartment development, The Landmark Quarter</a>

[smartcode_project:default project_id=139897 project_image_fid=212667]

Peter Pereira, New Hope Evergreen&nbsp;Development Director, said the buyers were local downsizers who chose St Leonards after an extensive search for a penthouse that met their exacting demands for size, finish quality, location, and view.&nbsp;

"Both were further attracted by each development’s separate private parking garage, soon to become home to their respective prestigious car collections," Pereira said.

[smartcode_project:default project_id=139897 project_image_fid=212665]

New Hope Group have invested $1.4 billion in Sydney's Lower North Shore, with most of that concentrated in St Leonards.

Many of the apartments in Landmark Quarter benefit from city and harbour views, which can be taken in from either the balcony or living area, given all apartments have floor-to-ceiling glass doors to the balcony.

The townhouses have three bedrooms, each with their own private entrance.

[smartcode_project_cta:default project_id=139897]

The Landmark Quarter, a collection of three Rothelowman-designed buildings, is located at St Leonards South’s highest point and the new development presents six-star levels of resort-style luxury

New Hope Evergreen secure three penthouse sales across St Leonards

Delta Australia, who developed Brisbane's Riparian Plaza skyscraper nearly two decades ago, are looking to their next game-changing project.

They've submitted plans for striking mixed-use development at 26 Cairns Street, Kangaroo Point, taking full advantage of its 4,964 sqm waterfront location on the site of the historic Evans Deakins Dry Dock area.

Delta acquired the site in mid-2019. They said they were attracted primarily by the unique and challenging opportunity it offers to create a defining development for Kangaroo Point and the city of Brisbane

They are planning a tower with 232 apartments, stacked high so there can be extensive ground place activation.

<img alt="26 Cairns" data-entity-type="file" data-entity-uuid="9d995747-cea6-46f7-8712-a9c109b166d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.35.08%20pm.png?VersionId=P4RHZHoXx9p5KqjPtF9EwhRbssXFBcNV" />

Scott Collins from Delta Australia said Kangaroo Point will play a "pivotal role" shaping the future of Brisbane.

“Having personally lived in Kangaroo Point I have benefited from an appreciation of, and the responsibility associated with, the inherent quality and uniqueness of the Kangaroo Point peninsular, inclusive of this site location adjacent to an historical dry dock," Collins said.

"Not only does Kangaroo Point possess a special place in Brisbane’s history, it also assumes a pivotal role in shaping the future of Brisbane’s dynamic inner city communities and their landscapes; both built and natural forms.

"Within this dynamic, we take very seriously the responsibility and leadership that is incumbent upon us to procure a progressive and leading development, balancing the interests of stakeholders and advancing the design aspirations of others in collaboration with the City.”

<img alt="Kangaroo Point" data-entity-type="file" data-entity-uuid="20e33968-fd35-4ee8-adb9-e7db20294874" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.35.34%20pm.png?VersionId=uVJHMwODZsgmYFsp1YWRpmLgMXCkcv6T" />

Delta has called on both Architectus and Singapore-based architecture firm WOHA to work in collaboration on the design of the project. The pair worked together to create 443 Queen Street, Brisbane's newest landmark.

Architectus has been involved in some of the best-loved urban spaces in Brisbane like the Gallery of Modern Art, while WOHA, led by Aussie architect Richard Hassell, predominantly design projects in Singapore, but have lent their expertise to a new premium project in Perth's Applecross.

“When I met Scott in Singapore, I was really impressed by his passion to set new standards with this development," Hassell said.

"He was quite familiar with our work and was completely in agreement on our five ratios for high amenity, inner city developments. As we have worked on this project, the problem was always - how can we get this public space to work, rather than questioning whether it was necessary.”

The proposal is for 232 apartments, a mix of&nbsp;40 one-bedroom apartments, 112 two-beds, 72 three-beds, and eight four-bed apartments. 458 parking spaces will be provided across the basement levels.

<img alt="Kangaroo Point" data-entity-type="file" data-entity-uuid="aa51f27f-1971-40d2-a8e4-aa30342c6c8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.35.01%20pm.png?VersionId=8APmY7mzSnTa6XPIMzYcX9tYEZZfaS1_" />

In their Architect Intent Report, Architectus and WOHA called 26 Cairns a "subtropical tower that expresses the contemporary spirit of Brisbane, the New World City."

They cited Design-Led City and the Buildings that Breathe, Brisbane City Council's recently released new strategies which seek to enhance the city's&nbsp;reputation as a liveable, vibrant, green, and prosperous city.

"This development is both an exemplary outcome of these policy documents, and a unique solution inspired by its special site."

"The development marks this superb waterfront location with a green, elegant tower that is distinctive without being ostentatious. The design emphasizes civic generosity, community and sustainability through its extensive greenery, generous public spaces and vertical village concept."

<img alt="Kangaroo Point" data-entity-type="file" data-entity-uuid="a57486f7-968b-4581-8445-848a2384f43f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%201.44.51%20pm.png?VersionId=N1AqDELtP4uDUrt2__uQM4bseeYsNLtO" />

In their Architect Intent Report, Architectus and WOHA called 26 Cairns a "subtropical tower that expresses the contemporary spirit of Brisbane, the New World City."

They cited Design-Led City and the Buildings that Breathe, Brisbane City Council's recently released new strategies which seek to enhance the city's&nbsp;reputation as a liveable, vibrant, green, and prosperous city.

"This development is both an exemplary outcome of these policy documents, and a unique solution inspired by its special site."

"The development marks this superb waterfront location with a green, elegant tower that is distinctive without being ostentatious. The design emphasizes civic generosity, community and sustainability through its extensive greenery, generous public spaces and vertical village concept."

They said their vision was for a next generation, sustainable, subtropical tower.

"The team have worked from first principles to imagine a subtropical, sustainable, community-oriented project that would be an asset to the neighbourhood and the city.

"The desire is for Kangaroo Point to be better after the project’s completion. More connected, with more recreation and dining options, more nature, more water, more trees and flowers, more birds, more fish, more places to cycle or walk the dog, or bring the kids down to the river."

They said a key word is regenerative.

"This development will regenerate nature and biodiversity, regenerate community and social interaction, regenerate environmental services."

The rooftop will home extensive resident amenity, with a main&nbsp;pool, plunge pool, and kids pool, flanked by day beds and outdoor seating areas, a playground, and barbecue facilities. There's also a room for a kids club, a steam room and sauna, a gym with movement studio and changing rooms, a business centre and library with an event terrace and boardroom, and a "party penthouse" with kitchen, dining and seating areas. The rooftop is set in extensive landscaping by RPS.

There had been approval on the site by the former owner for two towers, one 17 levels the other 13. They were to home 311 apartments and some retail and commercial.

Scott Collins from Delta Australia said Kangaroo Point will play a "pivotal role" shaping the future of Brisbane

First look exclusive: New sustainable, subtropical mixed-use development to reshape Kangaroo Point

Andrews Projects is the latest in a growing cohort of residential apartment developers in South East Queensland to launch its own construction company to control its project’s narratives.

Known as ‘A Construct’, the construction company will be responsible for the delivery of Andrews Projects’ $270 million Cascade development, a 229-unit master-planned community in Robina.

The announcement follows a challenging time in the South East Queensland construction sector, namely limited resources and escalating build costs, that have caused a number of developers to self-deliver projects.

[smartcode_project:default project_id=135618 project_image_fid=208703]

The trend will likely continue as construction resources become more scarce and government infrastructure works ramp up in anticipation of the Brisbane 2032 Olympics.

Andrews Projects Sales Manager Sarah Andrews said the move into construction was a natural step for the family-owned company, with founder and director Danny Andrews having been in the construction industry for over four decades.

“A Construct will allow us to take control of our projects and deliverthem in a more cost-effective and time-efficient manner for our future residents,” Sarah says.

“We have a vast knowledge of the construction industry and the processes and systems required to deliver multi-residential projects, alongside a highly skilled team who will assist with the delivery of Cascade and our future projects.”

[smartcode_project:default project_id=135618 project_image_fid=210820]

Project manager and site manager positions have already been filled at A Construct, with the team focusing on the delivery of their first project Cascade. Residents will have access to a suite of amenities including a 25m resort pool, 170 sqm gym, sauna, cold plunge, steam room and onsite cafe.

There are two and three-bedroom apartments on offer with views&nbsp;towards the Surfers Paradise skyline and hinterland. Apartments range in price from $850,000 to $2.25 million. The project is over 60 per cent sold, with construction to commence onsite imminently.

Completion is slated for in 2026.

[smartcode_project_cta:default project_id=135618]

Known as ‘A Construct’, the construction company will be responsible for the delivery of Andrews Projects’ $270 million Cascade development, a 229-unit master-planned community in Robina

Andrews Projects bring construction in house and start Cascade Robina build

Melbourne has continued to see growth in its unit market, albeit slower than previous months.

CoreLogic's Monthly Hedonic Home Value Index found that&nbsp;value of&nbsp;<a href="/developments/melbourne-vic">Melbourne units</a>&nbsp;grew by 0.3 per cent across August, slightly softer than the 0.4 per cent gains in July and one per cent in June.

It was the first time in three months unit growth didn't outstrip house value growth. House values in Melbourne grew 0.6 per cent in August.

Unit values are now 1.6 per cent up over the rolling quarter, and 1.7 per cent year to date. The median value for units in&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>&nbsp;is now $603,000.

Read more:&nbsp;<a href="/news/vic/city-beat-august-2023-melbourne-units-outperform-houses-again-as-supply-problems-persist">City Beat August 2023: Melbourne units outperform houses again as supply problems persist</a>

<h1>What's happening in the Melbourne off the plan market?</h1>

It's taken a bit of time, but agents are reporting that buyers are starting to come into the market.&nbsp;

That's what&nbsp;Stephen Bowtell, Director at Jellis Craig Projects, is seeing across a number of his projects.&nbsp;

"It's a good sign for the market that new buyers are beginning their search," Bowtell says.&nbsp;He adds however that most are new buyers only just starting their journey, and they're not ready to transact.

"That slows down the sales process because those buyers need time to assess all options and spend some time researching the market," Bowtell says.&nbsp;

But due to the supply crunch in Melbourne, because of the difficult construction environment, there's not a lot of other options on the market, or even coming to the market.

He says when there even a hint of a rate cut, there will be a flurry of both enquiry and transactions.

Bowtell has just launched Kindred, in Bayside Mentone, a collection of just 10 architecturally-designed villas on the park and near the beach.

[smartcode_project:default project_id=138768 project_image_fid=214857]

"This one ticks a lot of boxes," Bowtell says.

"Kindred Mentone stands out from anything that's been done in Mentone before from an architectural standpoint, but it's also one of few residential sites that faces the park, which makes it difficult to repeat."

Read more:&nbsp;<a href="/news/vic/sloane-launch-one-of-a-kind-townhouse-development-in-melbournes-mentone-bayside">Sloane launch 'one of a kind' townhouse development in Melbourne's Mentone Bayside</a>

[smartcode_project:default project_id=138768 project_image_fid=214862]

Colliers National Director Project Marketing Ben Gearing says it's this undersupply of apartments which has driven sales at their two projects in Melbourne currently, Park Quarter on St Kilda's Road by SIDG, and Lendlease's newest tower in their $1.5 billion Collins What redevelopment, Regatta.

Park Quarter has raced to 50 per cent sold having only launched in March, while Regatta hit the market last month and has had "overwhelming interest".

"We are entering a period where there are going to be fewer apartment development completions," Gearing says.

[smartcode_project:default project_id=134959 project_image_fid=210773]

"This lack of supply in and around the CBD and city fringe of Melbourne will add further pressure on rents in an already tight rental market, bringing astute investors out in large numbers."

Gearing has also seen demand however from first time apartment buyers, whether it be downsizers or first home buyers.

"There has been consistent strong interest from owner occupiers searching for quality, liveable residences which includes your first time apartment residents such as downsizers and first homeowners. As the Melbourne apartment market matures we can see increased interest from residents choosing to upgrade from their current apartments and seeking enhanced design, amenity, quality of build and location."

RT Edgar Projects Director Nihal Peter says there's a few factors at play in the off the plan market in Melbourne. Starting from the bottom up, he says first home buyers have no incentive to buy off the plan.

"They’re renting and don’t want to rent, but they don’t want to be buying something which is over 12 months or so away from completion, they want to move now. They need the 10 per cent deposit now because of rising inflation and rising rents. They’re not buying off the plan and they’re buying completed, well priced stock."

Peter says on the flip side, ageing downsizers are always buying off the plan.

"They don’t have mortgages, they’re buying and future proofing, settling at that price, then selling their home when the market is a bit better.

"There’s a big disparity between the bottom end and the higher end of the market. Supply is going down, demand is going up, the Chinese are coming back. We predict the apartments that sell now will be worth more at settlement.

Peter's newest projects in market are Mimosa Row in Carnegie and EIRA Apartments in Bentleigh East, both being developed by ITUM.

[smartcode_project:default project_id=139888 project_image_fid=212587]

Mimosa Row comprises just 40 two and three-bedroom apartments, while EIRA Apartments offers 18 one, two and three-bedroom units.

Tomassi &amp; Co Founder and Director Alby Tomassi says there's&nbsp;plenty of positives to look at in Melbourne’s off the plan property market.

"Forecasts are for 160,000 people to migrate to VIC in the next 12 months, which is 30 per cent of the whole of the country and double pre-COVID levels. The recent interest rate pauses have seen confidence come back into the market.

Tomassi says when we approach the first cut, then it will be game on.

"The new RBA Governor will signal a change in direction at the Central Bank. Whenever there’s a change in leadership in government, it’s generally because the direction wants to change. So I suspect the change of direction will see us go from a rate hiking, inflation controlling RBA to one who will seek to cut rates at the first opportunity.

"As soon as the media start reporting on first rate cuts, demand will far surpass supply, which is worse in Melbourne than in any other capital city."

Tomassi is preparing to launch a boutique project on Fitzroy's Smith Street, and a townhouse project in Mordialloc.

Chad Arbid at Chad Arbid Projects says the RBA's second consecutive decision to hold rates steady in August has sparked increased activity within the market.

"We are now receiving more qualified enquiries as people are able to engage in more effective financial planning. Confidence is reemerging within the market, and individuals are realising that we are either at the pinnacle or very nearly so, within the interest rate cycle."

Arbid is marketing Casa Tranquila in Hampton East, which he says is attracting buyers who want everything that Bayside has to offer.

[smartcode_project:default project_id=113441 project_image_fid=208731]

"It's a true Bayside suburb," Arbid says.

"It shares the Hampton postcode, it's in an area known for parks, the beach, the best schools, restaurants and cafes, all within three or four hundred metres of the front door."

Local downsizers have made up the bulk of enquiry and purchases. There were some first home buyer purchases earlier in the year, but they're not even enquiring now as interest rates have further restricted budgets.

It's taken a bit of time, but agents are reporting that buyers are starting to come into the market

City Beat August 2023: Buyers start to emerge in Melbourne's off the plan market

The <a href="/developments/gold-coast-qld">Gold Coast unit market</a> continues to power ahead in 2023.

August marked another month of plus one per cent gains (1.2 per cent), according to property data analytics firm CoreLogic. The 1.2 per cent&nbsp;topped the growth of Sydney (one per cent) Melbourne (0.3 per cent) and Brisbane (1.1 per cent) in August.

The median value of a unit (which is both apartments and townhouses) is now $692,000, following rolling quarterly gains of 3.7 per cent. Unit values are now 0.3 per cent higher than they were 12 months ago.

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-growth-continues-over-winter">City Beat August 2023: Gold Coast unit growth continues over winter</a>

<h1>What's happening in the Gold Coast off the plan market?</h1>

Spring is generally the time <a href="/developments/gold-coast-qld">Gold Coast</a> sees the most development launches on the calendar. But as developers monitor construction costs and availability of builders, it might be a quieter period than usual for new project launches.

Ideally developers have their projects hit the market in the lead up to the summer holidays and the Christmas rush, particularly now there's a higher appetite from southern capital city holidaymakers to buy either a holiday home or eventual retirement pad since COVID-19 highlighted the lifestyle factors the Gold Coast has.

It is construction however that is really the pressing matter on the <a href="/developments/gold-coast-qld">Gold Coast</a>.

Dean Muldoon, LJ Hooker New Developments Managing Director, has seen enquiry levels tick up since construction kicked into gear on their LAANI development in Mermaid Beach.

[smartcode_project:default project_id=6997 project_image_fid=185191]

LAANI, which is being by local developer DANKAV who a few years ago completed MALI a 200-metres away on Alexandra Avenue on the fringe of Broadbeach, comprises just 50 apartments across 18 levels, a maximum of four apartments per floor. The BDA-designed project also features a heated lap pool and adjoining day beds, a gym with a sauna, a cinema room, shared office space, a private dining room, and an outdoor sunken lounge and barbecue space.

Muldoon says once a builder has been engaged, buyers know they can work to a more structured timeline, and work out what the next 18 months look like for them leading up to project completion.

The impact of 12 rate hikes since the start of 2022 hasn't really impacted LAANI, with most buyers empty nesters and downsizers.

[smartcode_project:default project_id=6997 project_image_fid=185663]

Kollosche's Head of New Projects Jamie Harrison says the early arrival of spring on the <a href="/developments/gold-coast-qld">Gold Coast</a> has ignited buyer interest.

"We've seen a more discerning buyer emerge recently, seeking greater assurances and taking longer to decide," Harrison says, adding that buyers are also seeking greater certainty around those behind the project and their ability to deliver.

"The <a href="/developments/gold-coast-qld">Gold Coast's new development</a> market is 30 per cent undersupplied meaning those capable of project delivery or with builder access are poised for success."

Kollosche recently launched ARI, the beachfront Main Beach project by the Stamoulis family.

[smartcode_project:default project_id=112163 project_image_fid=216345]

The Main Beach Parade, residents-only tower of 26 half-floor residences and three full-floor sky homes has proven popular for downsizing locals in particular, as well as Brisbane and interstate buyers who want absolute beachfront. They also had similar enquiry at Navini in Bilinga, which is also appealing to lock and leave interstate buyers given its proximity to both the coast and the Gold Coast Airport.

Navini, also under construction on Bilinga's dress circle Golden Four Drive, has just 16 three-bedroom apartments, starting from $2.98 million.

Harrison says believes smaller, boutique projects of between 15 to 30 residences could address the lack of capacity among larger builders while catering to buyer appetite.

The median value of a unit (which is both apartments and townhouses) is now $692,000, following rolling quarterly gains of 3.7 per cent

City Beat August 2023: Gold Coast unit median approaches $700k following August growth 

Central Element has continued to pad out its apartment development pipeline with a $51 million purchase of a prime site in <a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a>.

They've secured over 2,000 sqm across 20-22 Sandridge Street and 21 Wilga Street, an amalgamation of six properties across three lots.

The Nathan Chivas-led developer is intending on developing a boutique collection of ultra-premium apartments and houses, with each residences starting from $20 million.

Each residence will include direct access to the Bondi to Bronte coastal walk, expansive outdoor living, swimming pools, secure car parking, and views across the <a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a> to Ben Buckler headland.<a name="m_9038784936690992334__Hlk139531929"></a>&nbsp;

Chivas said the site,&nbsp;on the headland between Bondi Beach and Tamarama Beach, epitomises the very best of the locale, with residential feel just steps away from vibrant Campbell Parade.

“Our latest acquisition marks an important milestone for CE as we enter the tightly held world-famous location of Bondi Beach," Chivas said.

"Among the suburbs bustling development activity, none rival the unique attributes of this parcel of land. Its generous frontages cater to an ultra-premium boutique project, while its elevated position captures truly unparalleled vistas."

The DA is anticipated to be lodged by end 2023, with construction commencing in 2025/2026.

<a data-entity-type="file" data-entity-uuid="96c38639-4d71-4b75-b1ae-15ff6d677433" href="/new-apartments/20-22-sandridge-street-bondi-beach"><img alt="Bondi" data-entity-type="file" data-entity-uuid="96c38639-4d71-4b75-b1ae-15ff6d677433" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-04%20at%208.31.36%20am.png?VersionId=xGs5OEqImkaXYruE3RWwYzGvn_WqWd0A" /></a>

The site was sold by Ric Serrao and Alex Lyons from Raine &amp; Horne Double Bay/Bondi Beach. Serrao and Lyons said the Bondi Beach market is one of the most exciting in Australia at the moment, attracting affluent buyers from lucrative industries such as tech, fashion and finance

“We’re seeing apartments commanding more than $100,000 per sqm, with the recent sale of Notts Avenue to Andrew Roberts, former Managing Director of Multiplex, achieving in excess of $125,000 per sqm. Demand for houses is equally buoyant, reflected in the recent sale of 31 Gaerloch Avenue, Tamarama which sold for around $45 million and 12 Bronte Marine Drive in Bronte which fetched around 22.5 million.

The site acquisition comes a few days after CE were <a href="/news/nsw/central-element-to-redevelop-coogees-1860-s-ballamac-house-into-luxury-apartments">green lit for their redevelopment of Ballamac House</a>, the landmark Coogee mansion turned strata building, which they intend on restoring extending into eight luxury apartments. CE are also currently selling Ethos in Chatswood and Bianca Drummoyne on Sydney Harbour.

Chivas said the site, on the headland between Bondi Beach and Tamarama Beach, epitomises the very best of the locale, with residential feel just steps away from vibrant Campbell Parade

Central Element secure prized Bondi Beach site for new apartment development

It's been a busy week at Sarazin HQ.

The developer, who had already made a name for themselves in Woolloongabba well before the announcement of the Brisbane 2032 Summer Olympics, has sought to develop a further 1,300 apartments in what will be the heart of the Olympic precinct.

Having <a href="/news/qld/first-look-sarazin-scale-up-nuage-woolloongabba-apartment-plans">submitted plans to increase the height limit and density</a> for their two-tower Wellington Road development Nuage earlier this week (from 368 to 582), Sarazin has filed a fresh application for their recently acquired site on the other side of the street.

They're seeking to build three towers on the 7,148 sqm site, bringing another 787 apartments to the critically undersupplied Brisbane market.&nbsp;

<a data-entity-type="file" data-entity-uuid="3fb5d597-b0b5-4390-8434-5960489e12fc" href="/new-apartments/hampton-yards-east-brisbane-21-wellington-road-east-brisbane"><img alt="Hampton Yards" data-entity-type="file" data-entity-uuid="3fb5d597-b0b5-4390-8434-5960489e12fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%287%29.jpg?VersionId=vZh35e.CBoZjDvvvx1vXMFkvUbGU1pSi" /></a>

The Queensland State Government says 8,500 new dwellings across South East Queensland need to be built ever year until 2045 to keep up with population forecasts.

Sarazin's new project, dubbed Hampton Yards, will be undertaken across three stages. Part of one of the stages will see&nbsp;Sarazin contribute to park upgrades within the park dedication area and the existing Watt Park, which will be renamed Whirling Water Park.

<a data-entity-type="file" data-entity-uuid="f457f4f8-7ca3-43d4-9256-9031e690791e" href="/new-apartments/hampton-yards-east-brisbane-21-wellington-road-east-brisbane"><img alt="Sarazin" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%2810%29.jpg?VersionId=sRaKjAgWF.6QsfhPzyhzDtDSy4e7_yJn" /></a>

Tower B will be the tallest of the towers proposed at 40 levels, a similar height to the recently filed plans for the tallest tower in <a href="/news/qld/first-look-exclusive-belmonde-plot-over-1-000-build-to-rent-units-in-gabba-heart-precinct">Belmonde and Sun Luxe Group's build to rent proposal, Gabba Heart</a>.

Tower B will have 330 of the 787 apartments, while the 30-level Tower A will have 302 and the smaller 18-level Tower C will have 155. Each tower will have communal rooftop facilities in the shape of infinity pools, gyms, private dining areas, barbecue and outdoor dining spaces, and even a pickle ball court.

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The buildings will rise from podiums which will have commercial spaces and retail spaces at street level. They will sit above&nbsp;seven basement levels of parking which will accomodate 852 parking spaces.&nbsp;

Wild Studio has handled all of the landscaping, and the designs of the new park.&nbsp;

Group CSA led the architecture of Hampton Yards, noting in their submissions that the three towers have been arranged to capture surrounding views.

"The residential towers have been orientated to respond to the existing context such that the taller towers are proposed along Wellington Road, with the tallest tower located at the intersection of Logan Road and Wellington Road, neighbouring the newly proposed public park," their report read in response to the Buildings that Breathe guidelines which were implemented across new developments in Brisbane's LGA in 2020.

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Group CSA said access to natural light from the north has been prioritized to residential apartments, with living rooms and bedrooms positioned closer to the façades and bathrooms and kitchens more internally located.

The had previously been approval back in 2017 for three towers with 419 apartments. Saunders Havill Group said in their Town Planning Report that Sarazin's submission is a significantly improved building design compared with the existing approval, with a much clearer podium/tower form and three distinct towers with individual identities.

They said the design attract downsizing and encourage ageing in place.

Saunders Havill noted four other developments in the area which sought to push past the 20-level height limit set for the area.

"The proposals seek to realise the opportunity Woolloongabba and surrounds provides to deliver and support exceptionally located development that is accessed by high frequency public transport, lifestyle amenity and proximity to centres and employment opportunities."

Currently on the Sarazin site is the two-level Gabba Collision Repair Centre and a double storey office/showroom development.&nbsp;

They're seeking to build three towers on the 7,148 sqm site, bringing 787 apartments to the critically undersupplied Brisbane market

First look: Sarazin goes again in Olympics precinct, file plans for Hampton Yards

South Yarra House might be the most beautifully crafted apartment development South Yarra has ever seen.

Developer Wattletree has had SJB mix architecture with density to create something that hasn't been previously available before.

The 58-apartment project, inspired by simple, brutalist, art-deco New York architecture, has been a hit with downsizers in particular so far, who want to stay close to the action of South Yarra without the effort of maintaining a home.

Read more:&nbsp;<a href="/news/vic/a-return-to-south-yarra-grandeur-and-refinement-how-sjb-designed-south-yarra-house">"A return to South Yarra grandeur and refinement": How SJB designed South Yarra House</a>

[smartcode_project:default project_id=112970 project_image_fid=214711]

They're getting an equally high level of finish that they could ever get in a home at South Yarra House, with renowned Hecker Guthrie handling the interiors of the project.

We recently took a tour of the South Yarra House display suite which features the centrepiece of the home, the kitchen, lined with marble benchtops and Gaggenau appliances.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/tE-YpmoY-u0?si=ftosIX9qIteuAIsO" title="YouTube video player" width="560"></iframe>

South Yarra House comprises just three and four-bedroom apartments, a maximum of five apartments per floor. They will sit above a commercial and retail podium.

Each apartment features intuitive configurations, ensuring a seamless flow that resonates with the needs of modern living. Enveloped by an uninterrupted north-facing panorama overlooking the Yarra River, these homes effortlessly capture the essence of serene luxury.

Another key stand out of the apartments is the ceiling heights, which range between 2.8 metres and 3.3 metres high, far above the Australian standard of 2.4 metres. High ceilings create a sense of space, and allow for more natural light to flood the apartment through equally high floor to ceiling windows.

[smartcode_project:default project_id=112970 project_image_fid=214705]

Every facet of South Yarra House showcases a commitment to quality. From the Gaggenau in the kitchen to&nbsp;custom veneer joinery, meticulously handcrafted bricks and brushed nickel tapware, every fixture and finish has been considered.

Communal spaces take shape in the form of a rooftop haven with a swimming pool, alfresco dining space with a barbecue kitchen, and an indoor dining area.

[smartcode_project_cta:default project_id=112970]

Developer Wattletree has had SJB mix architecture with density to create something that hasn't been previously available before

Capturing what inner-city downsizers are after: Inside the South Yarra House display suite

Merchant Apartments is the final residential apartment development in AVJennings' Williamstown masterplan, Waterline Place.

Merchant will deliver 125 apartments across two seven-storey buildings when it's completed in mid-2024. It sits in the heart of the masterplan, which, when AVJennings started to develop over 10 years, wanted to become 'a village within a village'.

It's a vision which is quickly coming to fruition with Waterline Place already home to a number of apartment buildings and striking architecturally-designed townhouses.

[smartcode_project:default project_id=112774 project_image_fid=197060]

Renowned architecture firm Elenberg Fraser designed Merchant Apartments with the community in mind. The project comprises one, two, and three-bedroom apartments, as well as an exclusive Sky Home collection occupying the upper floors of the two buildings.&nbsp;

Elenberg Fraser Interior Designer Kate Shaw said Merchant’s fluid undulant-shaped façade reflects light in a way that is reminiscent of the reflection of the sun off rippling water.

“Textural concrete walls intentionally bound the building to the east and west, angled to direct view lines towards the horizon,” Shaw says.

[smartcode_project:default project_id=112774 project_image_fid=199291]

The building also homes a ground floor retail space and is crowned by a communal rooftop with&nbsp;sweeping views of the city and Hobsons Bay.

The inclusion of a variety of Indigenous and exotic vegetation complements the architectural design and thrives within the climate.

Location is a key highlight of Waterline Place, situated 12 kilometres from the CBD and a short walk from Williamstown Train Station, making it an excellent choice for those who work in the city but prefer a more suburban lifestyle.

Investors have started to show an interest in the building as it approaches completion. CoreLogic data shows units have from 6.31 per cent in the 12 months to July.

[smartcode_project_cta:default project_id=112774]

Merchant will deliver 125 apartments across two seven-storey buildings when it's completed in mid-2024

Buyer Handbook: A buyer's guide to AVJenning's Williamstown apartment development, Merchant Apartments

Construction continues to advance on Nusa, the Bilinga villa development that sold out before the build even commenced.

Project marketing agency Olindah Property are expecting the project of just six Palm Springs-inspired villas to be settling in November.

Not many can boast an accurate completion date of their projects on the Gold Coast at the moment, but developer Coastech Projects are there or there abouts, telling Urban nearly a year ago they'll be finished in September.

Designed by Burleigh locals MiDesign Studio, the villas, a stone's throw from the sand, blend coastal aesthetics with contemporary elegance.

[smartcode_project:default project_id=113528 project_image_fid=203315]

The house-sized beach villas range from 242 to 263 sqm, designed with an emphasis on spaciousness and comfort. With a total of three grand bedrooms, and an additional studio/multi-purpose room, Nusa provides ample space for every type of buyer.&nbsp;

Timber floors, Miele appliances, ducted air conditioning, butler's pantry, and luxury stone feature throughout the residences, with buyers given the option to include a personal lift within the villa.

The master suite serve as a haven within the homes, featuring an oversized walk-in robe, dual vanity ensuite, and a Juliette balcony.

The rooftop terraces provide additional living space within the homes, offering views south-east towards Coolangatta, and a kitchenette/bar and servery, with some units even offering the option for private pools.

[smartcode_project:default project_id=113528 project_image_fid=203322]

Residents will also benefit from communal amenities, such as an outdoor shower, pool and pet wash bay, all surrounded by lush landscaping and cascading gardens.&nbsp;

Situated just minutes away from the beach and the bustling neighbourhoods of Tugun and Coolangatta, Bilinga offers a tranquil retreat that remains connected, with residents enjoying easy access to the M1, Brisbane City, Byron Bay, and the Gold Coast Airport.

[smartcode_project_cta:default project_id=113528]

Project marketing agency Olindah Property are expecting the project of just six Palm Springs-inspired villas to be settling in November

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