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

Joel Robinson

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

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

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Frasers Property Australia has officially unveiled its $500 million masterplanned community, The Quarry, in Keperra in Brisbane’s north-west.

The 48.7-hectare hillside precinct is transforming from the Keperra Quarry into <a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">Brisbane’s most elevated community</a> featuring a mix of home and land sites, Rothelowman-designed terrace home residences, extensive placemaking, and shared resort-style amenity.

Cameron Leggatt, Executive General Manager Development, said the company has spent the past two years undertaking an extensive transformation of the landscape with a focus on placemaking and connectivity.

“This is without doubt one of the most significant urban transformations we’ve undertaken and it’s a challenge we’ve embraced wholeheartedly,” Leggatt said.

“Some of Brisbane’s most celebrated precincts have been transformed from industrial style uses into vibrant urban renewal precincts and <a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">The Quarry</a> is one of those chapters in that renewal.

“The site’s sculptural setting lends itself to dynamic architecture and landscaping, and we have partnered with an exceptional team of architects, place makers and landscape designers to bring our vision to life.”

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-frasers-plans-revealed-for-keperra-quarry-site">First look exclusive: Frasers plans revealed for Keperra Quarry site</a>

<img alt="Frasers" data-entity-type="file" data-entity-uuid="57f041e8-431d-4273-bbb0-a55f1d4410c1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2011.59.44%20am.png?VersionId=SskubuZF5Xa2RVuAegeZd1ZvSBri694w" />

Located 9.5 kilometres north-west of the <a href="/developments/brisbane-qld">Brisbane CBD</a>, Keperra is an established suburb with pent-up demand for new housing supply due to its proximity to leading schools, healthcare, and major transport infrastructure.

<a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">The Keperra Quarry</a>, which mines granite, has operated for more than 60 years and will progressively curb operations as the development of the residential stages advance.

Scott Ullman, General Manager Queensland Development, said more than 1,000 people attended The Quarry’s community celebrations on Saturday 8 July to experience the transformation for the first time.

“In the first week since The Quarry launched, we have received more than 450 enquiries and 150 walk-ins to the onsite sales centre for the first land release of 29 home sites,” Ullman said.

“Our sales team are working through the immense volume of interest, and we look forward to providing a further update in the weeks ahead.”

Ullman said homes will be built on elevated platforms up to 170m above sea level, enabling them to capture views overlooking the D’Aguilar Range, Glasshouse Mountains, Moreton Bay and beyond.

“Residents will also enjoy access to ClubQ, the $5 million Rothelowman-designed community recreation centre complete with an entertainer's kitchen, dining room, event spaces, library and work zones,” he said.

<img alt="Frasers Quarry" data-entity-type="file" data-entity-uuid="6ffe2406-a31f-4ed2-b64d-88275c262d78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2011.59.39%20am_1.png?VersionId=M99urMbAQ7XK2qro5pCue2ViKD.LH.63" />

“Other ClubQ amenities include a 25m lap pool with an adjoining sun deck, two additional resort-style walk- in pools with an integrated waterfall and kids splash and play area, and a private wellness centre featuring a fully equipped gymnasium and meditation room."

Ullman said it's not a traditional subdivision.

"More than 40 per cent of the community is dedicated to existing bushland and newly curated green space and resident amenities. ClubQ is the heart, and the residents will own it.”

The landscaping surrounding ClubQ will be woven throughout the site to deliver multiple green areas with outdoor barbecues and nature play spaces, alongside more than 100,000 plants and trees in a true mission towards regeneration.

“Our passion for innovation and creating vibrant communities across Australia has been part of our history for almost 100 years,” he said.

“With this history comes a track record of delivering transformational urban renewal, from the award- winning Hamilton Reach community on the Brisbane River, to Midtown in Macquarie Park in New South Wales, also a former quarry site.”

Land prices at The Quarry start from $580,000.

Frasers has spent the past two years undertaking an extensive transformation of the landscape with a focus on placemaking and connectivity.

Frasers unveil $500 million The Quarry masterplan in Keperra

The problematic shortage in the apartment development pipeline in Melbourne, paired with huge immigration forecasts over the next decade, has had property advisory giant Charter Keck Cramer predict huge growth for the <a href="/developments/melbourne-vic">Melbourne off the plan apartment market</a>.

Charter Keck Cramer said this week that, despite the current difficulties in the marketplace which have stemmed from the aggressive interest rate rises over the last 18 months, there are a number of reasons why apartment values will go up.

"There are a number of fundamental reasons that support the thesis that off the plan apartment value rates across the entire apartment market in <a href="/developments/melbourne-vic">Melbourne</a> will simply have to recalibrate upwards over the next 12 months," Charter Keck Cramer's research report authored by their Research and Strategy team Richard Temlett, Ben Carter, and Charlotte Tolfree read.

[smartcode_project:default project_id=112174 project_image_fid=199599]

Their analysis of apartment projects across 10 <a href="/developments/melbourne-vic">Melbourne suburbs</a> shows that&nbsp;several of those that have been released over 2023 have increased their off the plan value rates by +15 per cent to +25 per cent. That's in comparison to pre-COVID off the plan value rates of apartments of the same size in earlier stages of the same development or in comparable projects in the same locations.

They added a caveat however, suggesting that not every project in every location would be able to revise rates upwards.

"At present, the ability to increase value rates comes down to the developer, brand, location and respective target markets."

They believe the buyer market will have to accept the new pricing structure, given it is unlikely that land values will fall substantially, nor will building costs fall dramatically.

<h2>Interest rates and consumer sentiment</h2>

Charter Keck Cramer said the 400 basis point rise since April 2022, which has both dampened purchaser sentiment and cut purchasing power by around 40 per cent, has seen buyer cohorts move into a different property bracket.

"When rates were at 0.1%, all potential buyers had much higher purchasing capacities. A segment of this cohort had the capacity to purchase a detached house or a townhouse whilst another segment that had the capacity to purchase an apartment.

[smartcode_project:default project_id=5495 project_image_fid=210547]

"With rapid rate rises, there is anticipated to be a “shuffle” downwards (trade-off) where many buyers are forced to trade into medium and higher density dwellings as dictated by their revised finances.

"For those that do not wish to buy, or now cannot afford to buy, will still need a place to live. This in itself provides renter demand which will be attractive to BTS apartment investors (as well as Build to Rent operators)."

There also the renting buyer who is expected to speed up their purchase timelines given the rise in rents over the last 12 months. They expect almost all of these potential buyers will seek the most affordable product type, which will be apartments.

<h2>Supply Imbalance</h2>

While Charter Keck Cramer prepares it's&nbsp;State of the Apartment Market report for H1-2023, the key take away is that&nbsp;supply remains at incredibly low levels.

"When this is read in light of population growth being at decade highs, it is no surprise that vacancy rates are incredibly low and rents are rising so quickly.

<img alt="Melbourne supply" data-entity-type="file" data-entity-uuid="3cc52365-efac-40d9-bb07-00d9938cb47e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2010.58.55%20am.png?VersionId=r6aa0O4FUpEfD_wEqQl078dOfISsfsHN" />

"It is also an explanation for why Charter Keck Cramer feels that there will be a floor under price falls (if any) of established apartments, and also a fourth reason why we believe new apartment pricing will need to adjust upwards and will be supported by the buyer market."

<h2>Construction costs and land values</h2>

The advisory firm said that while construction costs are starting to slow, their feedback from builders in the industry is that it is unlikely they will ever revert to pre-COVID levels. They also say that there is going to&nbsp;continue to be substantial competition and demand for labour given the city-shaping infrastructure projects being completed across <a href="/developments/melbourne-vic">Melbourne</a> over the next few years.

"This stands to keep construction costs elevated in the short, medium and longer term."

[smartcode_project:default project_id=27554 project_image_fid=214531]

There's also the expectation that land prices are unlikely to fall substantially, if at all, given the extremely restrictive planning system across <a href="/developments/melbourne-vic">Melbourne</a>.

"Our investigations with many sales agents suggest that well located quality sites are highly sought after and are increasing in value given many developers are aware of the substantial supply / demand mismatch occurring across Melbourne.

<h2>2023 Apartment Value Rates</h2>

Charter Keck&nbsp;Cramer collaborated with their valuer colleagues and sampled several BTS apartment projects of varying scale across 10 suburbs in <a href="/developments/melbourne-vic">Melbourne</a> of similar scale that have been launched for sale to market in H1-2023. That's allowed them to&nbsp;understand the relative change in off the plan value rates in projects as at 2018 and 2019 (pre-COVID) compared to 2023.

They used the two-bedroom, two-bathroom product as it was the most popular and allowed the most meaningful comparison to be made.

They found that off the plan value rates have increased by +15% to +25% in several projects.

[smartcode_project:default project_id=342 project_image_fid=169551]

"We remind the industry that quite simply, people need a place to live. Given the shortage of supply and substantial demand for housing there is going to continue to be a large mismatch between supply and demand for housing across Melbourne over the next 2-4 years.

"At present, it is apparent to Charter Keck Cramer that the ability to increase off the plan value rates (and by how much) comes down to the developer, brand, location and target market.&nbsp;Some projects have increased value rates by only +2% to +5% whilst others have increased them by amounts greater than +25%."

Charter Keck Cramer's view is that&nbsp;in <a href="/developments/melbourne-vic">Melbourne</a>, the pre-COVID off the plan value rate of $10,000 per sqm is now closer to $12,000 per sqm, whilst the pre-COVID off the plan value rate of $12,000 per sqm sqm is now closer to $14,000 per sqm.

"This requires a change in mindset that needs to be led by the development and financer industry after which it is anticipated that the buyer market will follow given they have limited other alternatives in the current market."

<h2>The Outlook</h2>

Charter Keck Cramer believe the buy to sell apartment market in Melbourne is in the process of being pulled forward.

"Charter Keck Cramer has spoken about the structural changes in living preferences that are occurring across <a href="/developments/melbourne-vic">Melbourne</a>. These structural changes include the take up of apartment living, and also renting and renting for longer.

"It is Charter Keck Cramer’s view that the flow on effect of the pandemic described above has meant that the maturity of the BTS apartment market in Melbourne is in the process of being pulled forward (or “jumping”) by a property market cycle (i.e. 7-10 years). This will continue to play out over the next 12 months."

They say part of the&nbsp;pull forward in market maturity (evolution) will be that larger numbers of occupiers embrace living in apartments as well as the buyer market accepting higher prices for BTS apartments as this product type continues to become more mainstream. &nbsp;

"The other critical part of this expedited apartment market maturity however is that developers will need to respond by delivering owner-occupier quality apartments. Some examples of these features include apartments with extra storage, lots of communal amenity, larger living areas, larger functional balconies and more 3 Bedroom apartments." 
 
Charter Keck Cramer also believes that the RBA is close to the top of the rate tightening cycle.

"When rates stabilise, it is anticipated that market demand will start to be expressed and sales rates will accelerate. When rates start to be cut, there is anticipated to be an extremely elastic response across the entire housing market with the BTS apartment market well poised to be a primary beneficiary for many of the reasons highlighted above.&nbsp; "

Charter Keck Cramer said this week that, despite the current difficulties in the marketplace which have stemmed from the aggressive interest rate rises over the last 18 months, there are a number of reasons why apartment values will go up.



Melbourne off the plan apartment values could spike 25 per cent: Charter Keck Cramer

Leading Australian integrated property development group, Aqualand, is one step closer to unveiling its latest contribution to the evolving inner-Sydney skyline, following a topping out ceremony at their latest landmark project, AURA by Aqualand.

Located at 168 Walker Street, on the edge of the rapidly transforming <a href="/developments/north-sydney-nsw">North Sydney CBD</a>, AURA by Aqualand has now marked the completion of its uppermost floor, which rises 29 storeys above the streetscape.

To celebrate the milestone, Aqualand’s Managing Director, Jin Lin, was joined by <a href="/developments/north-sydney-nsw">North Sydney</a> Mayor Zoe Baker, and Principal of the project’s architect Woods Bagot, Jason Fraser, along with a selection of key project stakeholders, at a small formal ceremony.

The event was held on the rooftop of AURA by Aqualand which boasts panoramic vistas over the iconic <a href="/developments/sydney-nsw">Sydney Harbour and CBD</a>.

<img alt="Aura by Aqualand" data-entity-type="file" data-entity-uuid="31ed3929-695b-483f-9bf0-98b9fed42ce9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2010.24.50%20am.png?VersionId=os1YxiblLsF_3gaOd9qY76ioGWUnBv8a" />

In keeping with tradition, the event included the craning of a ceremonial evergreen tree to the top of the building as a symbol of good luck. AURA by Aqualand represents the fifth residential project delivered by Aqualand since the company’s launch in 2014 and is well on the way to joining a portfolio of other notable completed projects such as BLUE at Lavender Bay in <a href="/developments/milsons-point-nsw-2061">Milsons Point</a> and The REVY at Darling Island.

The $1 billion mixed-use project is the second to be delivered by Aqualand’s internal construction arm, Aqualand Construction. Once complete, it will comprise 386 luxury apartments above a richly landscaped two storey retail podium and commercial spaces.

AURA by Aqualand is Sydney’s latest example of architecture as sculpture, a category that includes some of the city’s most memorable buildings, from the white sails of the Sydney Opera House to the giant plant-draped bowls of Barangaroo House and Darling Harbour’s nest-like mixed-use building, The Exchange.

[smartcode_project:default project_id=30959 project_image_fid=202657]

Aqualand Group Managing Director, Jin Lin, says the project is testament to the developer’s genuine commitment to collaborate with world-leading partners to deliver luxury projects that create dynamic communities and proud legacies for future generations.

“We couldn’t be more excited to reach this milestone and look forward to welcoming our future residents to AURA by Aqualand by the middle of next year, where they will enjoy an enviable lifestyle in the heart of this rapidly transforming and prestigious precinct.”

Aqualand’s Executive Director Development &amp; Construction, Tom Catalovski, said he was proud of his internal construction team’s commitment to delivering the project.

“While there’s still plenty of work to be done, with the facade installation currently at level 20 and rising a level each week, and inside the residence’s kitchens are being installed and the tiling of bathrooms is progressing its way up the building floor by floor, it’s very exciting to see the building reach its highest point.

“It’s now easy to see the building’s distinctive design and I’m truly proud of my construction team’s hard work in reaching this significant milestone. It’s important that we take stock of all we’ve done to date and celebrate our achievements.”

&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=202991]

Woods Bagot’s streetscape transforming design comes in the form of an elegantly curved building with a gracefully undulating facade which creates an illusion that the single structure is divided&nbsp;into four separate towers, with staggered peaks stepping down from level 29 to level 23.&nbsp;The distinctive hourglass shape cinches in at the level-nine ‘waist’ of the building, where the resident’s community centre is located.

Jason Fraser says the design draws inspiration from the eroded sandstone forms of Sydney Harbour and the ever-changing play of light on the water.

“We started looking at the harbour for inspiration. The building is shaped in an organic way reminiscent of these eroded stone forms,” he said.

“The ground plane is also carved out to reveal sandstone walls, interesting textures and colours drawn from the sandstone.

Fraser said sculptural buildings are harder to draw, document and build.

“Many of Sydney’s most famous sculptural buildings, from the Sydney Opera House to Barangaroo House and The Exchange, are designed with an obvious community benefit in mind. The sculptural form is used to give back to the community. AURA by Aqualand represents an impressive and ambitious commitment by a residential developer to give back to the community architecturally.”

[smartcode_project:default project_id=30959 project_image_fid=202986]

AURA by Aqualand’s extensive retail precinct will provide residents with a curated shopping and dining destination on their doorstep, including a providore, bakery, café and wine bar, an all-day diner and a contemporary Japanese restaurant. A network of landscaped laneways will welcome people into the precinct.

Other resident amenities include a 24-hour concierge service, gym equipped with world- leading fitness technology brand Technogym, wellness room, pool of Telsa cars to share, and end-of-trip facilities. A glamorous rooftop area offers a sky sun deck, private dining rooms, barbecue and kitchen space for year-round al fresco entertaining.

Through its residential, retail and commercial spaces, the building will breathe new life into North Sydney, delivering vibrant and carefully considered spaces to live, work and play.

[smartcode_project_cta:default project_id=30959]

The event was held on the rooftop of AURA by Aqualand which boasts panoramic vistas over the iconic Sydney Harbour and CBD

Aqualand top out $1 billion AURA by Aqualand in North Sydney

Mulpha has been selected by the New South Wales Government as the successful tenderer to develop the site adjacent to the Norwest Metro Station.

The site, at&nbsp;25-31 Brookhollow Avenue, <a href="/developments/norwest-nsw-2153">Norwest</a>, is intended to serve as the central civic gateway for the <a href="/developments/norwest-nsw-2153">rapidly emerging Norwest</a> town centre.

Mulpha’s vision for the site includes three multi-level towers which will sit atop two biophilia-designed mixed-use podiums, integrating business, education, and retail uses. The podium and a vibrant public plaza will be activated by community spaces and retail, delivering dining and retail shopping convenience.

Mulpha’s Head of Developments, Tim Spencer, said they are thrilled to have been chosen to activate the landmark development site which will be the civic gateway to and from Norwest, and an integral component of Mulpha's broader planning vision for Norwest.&nbsp;

[smartcode_project:default project_id=103264 project_image_fid=196015]

"It will be the centrepiece in delivering another step-change to the Norwest Smart City vision. Importantly, it will be a transit-oriented commercial development that aims to increase job supply in Sydney’s northwest and set the benchmark for the next phase of Norwest’s vibrant business centre," Spencer said.&nbsp;

"We want to create an environment that engages people and fosters the connectivity and creative energy that will underpin Norwest as a lifestyle destination and dynamic business centre in the global knowledge economy. This won’t just be somewhere to pass through on your way to somewhere else. It will be central to ensuring Norwest is a great place to live, work and play."

The development will be designed to seamlessly integrate with the Norwest Metro Station and other social amenities, residential and business facilities which are planned for Norwest City, complemented by extensive parklands, pedestrian paths and cycleways connecting the site to greater Norwest.

[smartcode_project:default project_id=103264 project_image_fid=208399]

In developing the site, Mulpha will work closely with Landcom, Sydney Metro, Hills Shire Council and the State Government, to ensure planning requirements are met and the development delivers on its full potential.

Mulpha’s selection as the successful tenderer to develop the site demonstrates its market leading position in the North West of Sydney and is recognition by the State Government of Mulpha’s commitment to sustainability and quality outcomes.

Mulpha’s commitment to sustainability was also acknowledged by the Clean Energy Finance Corporation (CEFC) which has supported Mulpha’s ambitious new sustainable residential development Norwest Quarter in the Hills with an $80 million green loan to cut energy costs by as much as 50 percent. The CEFC position is being matched by an $80 million green loan from ANZ.

Construction is underway on the first stage of the zero-carbon 9-tower residential development, which will be one of the most ambitious in Australia in terms of sustainable practices, initiatives and design considerations.

[smartcode_project:default project_id=103264 project_image_fid=196022]

Mulpha has also recently completed construction of ‘The Bond’ - a 12,000 sqm commercial building in Norwest. This landmark timber and glass building has a focus on health and medical tenancies to support Norwest Private Hospital and add vital health infrastructure to The Hills.

Prior to completion of The Bond, Mulpha sold 100 percent of the 64 strata suites, ranging from 50 sqm – 840 sqm, to a mix of owner-occupiers and investors, reflecting a testament to the strength of the emerging suburban office market, post-Covid.

Mulpha’s selection as the successful tenderer to develop the Norwest Metro Station site coincides with the lodgement of Mulpha’s planning proposal for the adjacent Norwest Marketown Shopping Centre which, if successful, will cement Mulpha’s long term vision for Norwest Business Park and drive the next 
phase of the town centre.

Already one of Australia’s largest master-planned business park with 800 organisations employing over 30,000 people, Norwest is set to potentially double the number of jobs over coming decades as it takes its place as a key precinct in Sydney’s economic growth corridor.

Mulpha will work closely with Landcom, Sydney Metro, Hills Shire Council and the State Government, to ensure planning requirements are met and the development delivers on its full potential.

Mulpha wins tender to develop site opposite Norwest Metro Station

Sydney developer Central Element has been given the green light by the <a href="/developments/sydney-nsw">City of Sydney</a> for their Hyde Park development at 271 Elizabeth Street.&nbsp;

The mixed-use project, being developed in collaboration with equity partner MaxCap and the current landowner, will be designed by the renowned architects Murcutt Candalepas.

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour. The project will also feature hospitality spaces and a range of amenities.

Behind the design, are long-time friends and colleagues Glenn Murcutt and Angelo Candalepas. This collaboration is the first time the awarded architects will work together on a project for the <a href="/developments/sydney-nsw">City of Sydney</a>.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="6b0d9bc5-c944-4fa8-bb05-cdd7ec2d585a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-20%20at%209.13.46%20pm.png?VersionId=EhWY2yHwyjveTKlbEmqL7gHw20vzYh9." />

Angelo Candalepas is renowned for his multiple award-winning residential apartments such as Prince Street in <a href="/developments/cronulla-nsw-2230">Cronulla</a>, Waterloo Street and Pelican Street in <a href="/developments/surry-hills-nsw-2010">Surry Hills</a>, and The Castle on Bathurst Street.

His firm was most recently awarded The Fox: NGV Contemporary, Australia’s largest gallery dedicated to contemporary art and design.

Glenn Murcutt is a highly awarded architect and the sole Australian recipient of the prestigious Pritzker Architecture Prize. His notable projects include Donaldson House in Palm Beach, Walsh House in Kangaroo Valley, and the Australian Islamic Centre in Victoria.

The architectural design of the project places a strong emphasis on framing the picturesque views nearby, including the enchanting avenues along Elizabeth and Castlereagh Street.&nbsp;

A mix of two, three and four-bedroom apartments will be on offer, including full-floor apartments with terraces. Residents will have access to a full floor of amenity.

Central Element Managing Director Nathan Chivas said the goal is to transform the site, which is currently the 16-level Hyde Park Inn Hotel, into a pivotal cornerstone of Sydney's future.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="222e4564-f72e-4e68-84e4-8201780a4411" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-20%20at%209.13.58%20pm.png?VersionId=mlhOxDdFPycWlRQ0Bg35.A0SF2cUg84q" />

“With the utmost respect for the building's rich heritage and its enviable location in the heart of Hyde Park, this extraordinary undertaking will honour its legacy," Chivas said.

"Boasting unparalleled views of the park and the harbour, it will&nbsp;redefine CBD living for generations to come. Elizabeth Street stands as an emblem of Sydney's esteemed cultural and lifestyle hubs, and we are thrilled to have received the approved DA – a testament to the remarkable architects Glenn Murcutt and Angelo Candalepas.

"Together, our goal is to transform this site into a pivotal cornerstone of Sydney's future, and we are eager to share more about its captivating aesthetics and ambience in due course.”

The project is the second&nbsp;joint venture collaboration between Central Element and MaxCap Group, having jointly launched the Ethos development in Chatswood in 2022.

271 Elizabeth Street is set to launch to market early 2024.

The transformation of the Hyde Park site will include the development of 42 apartments, many of which will offer panoramic views of the park and over the Royal Botanic Gardens to Sydney Harbour.

Central Element get sign off for mixed-use Hyde Park tower in Sydney CBD

Construction has now commenced on one of Fishermans Bend's most sustainable developments.

Developer Gamuda Land has appointed Crema Constructions for its 20-level apartment development, The Canopy on Normanby.

Jarrod Tai, General Manager of Gamuda Land in Australia said they chose Crema&nbsp;due to the complex needs of the build, particularly when bringing some Melbourne-first innovations to life.

"Its outstanding reputation in the industry aligns perfectly with our commitment to delivering world-class sustainably led projects.

"Crema’s unrivalled knowledge of the local Fishermans Bend area and the conditions of the site further solidified our decision to appoint them. We are confident that this collaboration will result in a remarkable development that surpasses the expectations of the community."

Working alongside the team at Gamuda Land, Crema will develop a ground source heat pump, installed within the building's foundation piles. The innovative technology will store and pull thermal energy from underground to reduce power bills and provide sustainable energy for the building.

Never before seen in a <a href="/developments/melbourne-vic">Melbourne residential setting</a>, the ground source heat pump will allow the team the opportunity to further develop it while providing social and financial benefits to occupants not found in other developments.

[smartcode_project:default project_id=136970 project_image_fid=208482]

Crema brings with them a wealth of expertise and a proven track record in the construction industry. Known for its commitment to excellence, innovation, and quality craftsmanship.

Crema’s in-house team is bolstered by accredited professionals experienced in design optioneering to test the embodied carbon &amp; operational carbon implications of different solutions. Utilising early engagement within the design process will allow the team to target the optimisation of key trade packages representing significant carbon contributions to the building.

To further complement the project’s sustainability focus, Crema will utilise its in-house concrete supplier, Piave Premix Concrete, who have developed green concrete mixes to inject the same levels of sustainability in each foundational facet of the development.

The site was purchased by Gamuda Land in 2022 for $24 million and will bring Melbourne-first sustainable initiatives to the forefront. Earlier this year, Gamuda Land Australia appointed Mann as the demolition contractor on the project to assist the developer in safely and efficiently dismantling the existing structures onsite.

[smartcode_project:default project_id=136970 project_image_fid=208483]

Mann was tasked with working to a 95 per cent recycled materials target. To ensure this could be met, Mann incorporated meticulous measurement processes, tracking all materials that leave the site on a per-tonne basis and carefully monitoring which materials go to landfill and which direct to recycling facilities.

Mann aims for a 100 per cent recycling rate across all its projects in line with its strong commitment to environmental consciousness. The demolition contractor actively contributes to the conservation of natural resources and the reduction of pollution.

This commitment directly aligns with the work that Gamuda Land is setting out to achieve across its numerous projects and is a major reason why the group was appointed, all underpinned by its distinct sustainability and conservation principles.

The Canopy on Normanby marks the second time Gamuda Land and Crema have collaborated, previously delivering the developer's inaugural <a href="/developments/melbourne-vic">Melbourne project</a>, 661 Chapel Street. The development went on to win best Commercial &amp; Residential Design at Architectural Design’s 2019 Good Design Awards.

With demolition now complete, early works by Crema are due to commence this month

[smartcode_project_cta:default project_id=136970]

Crema will be coming on board to assist Gamuda Land achieve its sustainably-led energy solutions at the project, bringing with it some Melbourne-first innovations

Gamuda Land and Crema Constructions break ground at The Canopy on Normanby

Developer BeckDev has made significant design concessions to its proposed Palais <a href="/developments/coolangatta-qld-4225">Coolangatta development</a>, the most obvious being a large reduction in height and scale.

The group, led by founders Ben and Max Beck, lodged the revised plans with the council this week.

Responding to the latest councils request to reduce the building even further in height, BeckDev further concedes lowering the height of the project to 17 storeys from the 22 storeys originally proposed and the subsequent revised 20-storey design that sat comfortably within the skyline and in close proximity of an existing 24-storey building.

The reduction in floors and the number of apartments planned for Palais will see the height of the project slashed to 58.75 metres from the originally proposed 75.5 metres as BeckDev looks to meet the council’s requests.

Amid an ongoing undersupply and shortfall of apartments available for rent and purchase, Palais will be further reduced to 132 apartments. This is considerably less than the 174 apartments originally planned by BeckDev and the subsequently further proposed reduction to 159 apartments that council rejected.

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The Palais development application, <a href="/news/qld/beckdev-set-for-palais-coolangatta-apartment-development">which was first lodged in November 2021</a>, is earmarked for a 2,355 sqm site at 31-35 McLean Street. The site is partly occupied by the Jazzland building, a former dance hall that was the heart of the Coolangatta social scene from the 1930's until it was closed in 1951.

BeckDev will retain the heritage building’s façade as part of the development, with the hall and stage of the former Jazzland Dance Palais to be restored to its former glory.

The restoration work which will bring to life a part of Coolangatta’s history that has remained lost for more than 70 years, will incorporate the existing original materials to maintain the authenticity of the dance hall that hosted revellers from the 1930s through to the 1950s.

The Palais project also presents a significant opportunity for local business patronage in the centre of Coolangatta. Unlike the residential-zoned areas of <a href="/developments/coolangatta-qld-4225">Coolangatta</a>, such as Snapper Rocks and Rainbow Bay, which have witnessed considerable development activity in recent years, the Coolangatta centre itself has experienced relatively limited revitalisation efforts over the past decade.

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Among the key changes proposed by BeckDev for Palais are increased tower setbacks to the sides and rear of the development, as well as the Jazzland heritage façade, with setbacks ranging from 3.46 metres to 7.026 metres which either meet or exceed council requirements. BeckDev has also reduced the height of the podium and adjusted its setback from the heritage façade.

BeckDev Managing Director Damian Dalgleish said the&nbsp;authentic heritage restoration to the façade and hall provides a unique sense of place that celebrates the cultural heritage use of the Jazzland dance in the hall.

“Our commitment to Jazzland is saving a long forgotten past that retains and restores a heritage cultural use, that has been lost due to successive owners altering the building to suit their retail requirements with no consideration to the previous heritage values of the site," he said.

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Palais, designed by award-winning architectural firm BDA, will comprise a range of one, two, and three-bedroom residences that will take advantage of the development’s prime coastal location in the heart of Coolangatta and within close proximity to the world renowned surf beach.

The residential development offering incorporates premium residential facilities over two separate levels, including office pods, a pool, gym, theatre, private dining function rooms, kids play area and barbecue breakout areas that offer stunning views across the bay to the Surfers Paradise skyline.

“BeckDev recognises being able to live, relax and work from home with all those facilities at your fingertips is what customers are now looking for,” Dalgleish added.

BeckDev are renowned for delivering quality and landmark developments in <a href="/developments/sydney-nsw">Sydney</a> and <a href="/developments/melbourne-vic">Melbourne</a>, including one of Australia’s most important heritage building restorations at 333 Collins Street in Melbourne.

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Palais, designed by award-winning architectural firm BDA, will comprise a range of one, two, and three-bedroom residences that will take advantage of the development’s prime location in the heart of Coolangatta

Beckdev lodge revised plans for Palais Coolangatta apartment development

Sydney's southern suburb of Arncliffe has become a popular option for prospective apartments buyers pushed out of the city due to increasing affordability constraints.

The suburb has been a hot spot for owner-occupiers due to it's proximity from the CBD, just over 10 kilometres away, and the central train station which makes it just a 15-minute commute.

Much of Arncliffe's new stock is located close to the Princess Highway and Arncliffe Station, which have proven particularly attractive for investors and first home buyers due to the lower entry level.

Developer builder Vortex Property Group has created a different opportunity in the suburb with their recently launched project Duncan House, located on the quieter eastern side of Arncliffe.

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The aim for Vortex was to deliver a&nbsp;more suburban lifestyle, away from the hustle and bustle the area is known for. The site is positioned at the top of a crest, meaning the residences benefit from district, city and water views.

It's not just Duncan House's strategic positioning which is attracting buyers, but it's density, which is unlike any other on offer in the area.&nbsp;The boutique project features just 43 apartments, where as most other projects in the area have over 150 apartments.

Tom McIvor, director of LINK Realty who are marketing the project, said the stock so far has been taken up by investors&nbsp;after seeing the opportunity that Arncliffe presents.

"The first 20 or so apartments initially sold to investors before the retail campaign began, but since opening up to the wider market we've experienced a high-level of interest from first home buyers and locals," McIvor said.

"As construction kicks off, we're expecting the owner-occupier interest to start transacting, with the downsizer market coming into play as well."

A lot of the owner-occupier enquiry has come from buyers within 15 minutes of Arncliffe, in search of new stock at an affordable price point close to the city, with a number from further west also showing interest.&nbsp;

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NSW's new stamp duty reforms which kicked over in July 1, allowing first home buyers to buy property with no stamp duty if it costs under $800,000, has further fuelled interest in the first home buyer market. All of Duncan House's one-bedroom apartments sit under the cap.

"There's really not a lot of stock across Sydney that's new for under $800,000, so with the one-bedroom apartments priced from&nbsp;$599,000, buyers can experience significant savings when purchasing," McIvor said.

First home buyers will still secure savings of the two-bedroom apartments which start from just over the $800,000 mark. Concessions are now available for property bought between $800,000 and $1 million.

Duncan House will also be home to three-bedroom garden and penthouse apartments, which are seeing interest from local owner-occupiers and downsizers.

Residents will benefit from a range of amenity across the new building, including&nbsp;EV charging bays, an under ground car wash bay, as well as a communal garden and barbecue facilities.&nbsp;

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Rare low density opportunity drives Arncliffe's Duncan House to over 50% sold 

Central Equity's latest development, Parkhill Apartments, offers residents the ideal location on the fringe of the Melbourne CBD. Situated just minutes away from a range of amenities, the development provides the perfect balance between tranquility and urban living.

Residents are just a three-minute walk from&nbsp;Flagstaff Gardens. The famous Queen Victoria Market is also located within a short stroll, allowing residents to indulge in a variety of fresh produce.

For those seeking the energy of the CBD, Parkhill Apartments offers easy access to the hustle and bustle of the city. Within four minutes, residents can hop on a free tram that conveniently connects to RMIT, Emporium, and Melbourne Central.

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Flagstaff Train Station is also only a seven-minute walk away, providing further transportation options. Trams connecting to Melbourne University are also within an eight-minute walk, making it effortless for students to commute to and from campus.&nbsp;The Airport Skybus Terminal is also within an eight-minute walk, ensuring stress-free travel to and from the airport.

Sports enthusiasts will appreciate the proximity of Parkhill Apartments to Marvel Stadium, just an eight-minute walk away, while for those seeking retail amenity, iconic shopping precincts such as Emporium and Melbourne Central are both just minutes away from the steps of Parkhill.&nbsp;

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Parkhill Apartments also offers access to a range of educational institutions, making it an ideal choice for families. Within a short walk, prestigious schools such as Haileybury College City Campus, North Melbourne Primary School, and University High School are located.

Renowned universities like William Angliss Institute, RMIT University City Campus, Victoria University City Campus, and the University of Melbourne are also within proximity, all located within a 15 minute radius.

One and two-bedroom apartments can still be purchased in the completed development, with prices starting from $529,000.

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On the doorstep of 408 Spencer Street: What's around Parkhill Apartments

Development Victoria is making significant progress with the construction of its Springvale South community, Coomoora.&nbsp;

Townhouse construction by Creation Homes is underway, with 47 townhouses set to be delivered alongside 16 land-only lots creating a diverse range of housing options available.

[smartcode_project:default project_id=104061 project_image_fid=209878]

Prices for the final two remaining Viola townhouses have been reduced to $630,000, meaning buyers save $10,000 and only require a five percent deposit to purchase, with no more to pay until settlement, making it a perfect opportunity for first home buyers to continue saving whilst the home is being built.&nbsp;

The remaining two-bedroom Viola townhouses feature a generous sized family room, dining and kitchen space that opens onto an east-facing balcony overlooking Coomoora Central Park. A first floor bedroom will sit alongside a bathroom and study nook, as well as a private ground floor master suite.&nbsp;

The townhouses boast an angled roofline and a pared back facade, donned with contemporary cladding, and the homes come complete with one car space.&nbsp;

[smartcode_project:default project_id=104061 project_image_fid=209873]

Coomoora has been designed with residents' well-being in mind, with approximately 10 percent of the site devoted to common open space. This includes two key park areas with communal bench seating and landscaped areas.

An additional 10 percent has been designated as public open space, facing Coomoora Road. This open space will provide additional opportunities for residents to enjoy the outdoors and connect with nature and has already been delivered as part of the project.

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