<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?

<a href="/developments/coburg-vic-3058">Coburg</a> is witnessing a surge in demand for townhouse residences.

Property developer Golden Peak has helped ease some of the influx in buyer demand with Blvd Gardens, which aims to provide an urban escape of lifestyle, luxury, and community.

The townhouses in Blvd Gardens boast a high calibre of finishes, combining practicality with elegance. The well-appointed homes feature timber floors, double glazing, heating and cooling systems, secure car parking, ample storage space, and bicycle storage facilities.

[smartcode_project:default project_id=4664 project_image_fid=77607]

<a href="/developments/coburg-vic-3058">Coburg's rich history</a> adds to the charm and character of the neighbourhood, while the&nbsp;vibrant café culture, a range of shops, convenient transport options, reputable schools, and a thriving art and sporting community contribute to the dynamic atmosphere that residents can enjoy while living in Coburg.

The development is thoughtfully designed to blend seamlessly with its natural surroundings, providing a sense of tranquility and greenery amidst the urban landscape. Balconies and courtyards offer private outdoor spaces for residents to relax and unwind, while the secure intercom system ensures peace of mind.

The variety of floor plans available in BLVD Gardens caters to diverse preferences, accommodating different lifestyles and needs. Homebuyers can choose from a range of options, with each residence designed to maximise space and functionality.&nbsp;

[smartcode_project:default project_id=4664 project_image_fid=76820]

The development's proximity to public transport hubs ensures seamless connectivity, making commuting a breeze for those who work in Melbourne's CBD, which is just nine kilometres away.

<a href="/developments/coburg-vic-3058">Coburg High School</a> is a mere 100 metres away, while <a href="/developments/coburg-vic-3058">Coburg</a> Primary School and Childcare are within a short 300-metres distance. The new Coburg Retail Precinct and Cinema, located just 500 metres away, provides residents with a variety of shopping and entertainment options.

For those looking to stay active, the Coburg Leisure Centre is only 650 metres away, offering a range of sports and fitness facilities.

[smartcode_project_cta:default project_id=4664]

The development's proximity to public transport hubs ensures seamless connectivity, making commuting a breeze for those who work in Melbourne's CBD, which is just nine kilometres away.

Limited townhouses remain in Coburg's completed Blvd Gardens

Only two-bedroom apartments remain in Goldfield Group's <a href="/developments/highett-vic-3190">Highett apartment development</a>, The Haven.

Designed as a retreat from the hustle and bustle of <a href="/developments/melbourne-vic">Melbourne</a> while being just 20 kilometres away, the Major Street development in the heart of the sought-after Bayside area has just 34 apartments.

[smartcode_project:default project_id=5123 project_image_fid=85889]

Situated conveniently close to transportation and the Highett Road Shopping Village, Haven's location on a quiet, no-through road ensures a peaceful sanctuary awaits residents after a long day.&nbsp;

Only an eight-minute drive away lies the prestigious <a href="/developments/sandringham-vic-3191">Sandringham</a> Yacht Club and a stretch of beachfront. In addition, the surrounding area boasts numerous parks, recreational facilities, and even a golf club.&nbsp;

The architectural design of The Haven apartments is a testament to the expertise of Taouk Architects, renowned for their contemporary homes and luxury apartments. Crafted to blend form and function, the external facade of The Haven exudes a bold, modern, and stylish aesthetic, while the interiors, designed by award-winning firm Studiomint, offer residents the freedom to personalise their living spaces according to their preferences.

[smartcode_project:default project_id=5123 project_image_fid=85890]

The well-appointed living and dining areas, characterised by open-plan layouts, provide ample room for relaxation and entertaining.

Each apartment comes with its own car parking space, reverse-cycle air conditioning in all living areas and bedrooms, stone benchtops, quality floorboards, and Bosch appliances.&nbsp;

With construction complete, the apartments are ready-to-move-in to, with prices starting from&nbsp;$530,980.

[smartcode_project_cta:default project_id=5123]

Situated conveniently close to transportation and the Highett Road Shopping Village, Haven's location on a quiet, no-through road ensures a peaceful sanctuary awaits residents after a long day

Final apartments on offer at Highett apartment development The Haven

The <a href="/developments/broadmeadows-vic-3047">Melbourne suburb Broadmeadows</a>, 15 kilometres <a href="/developments/melbourne-vic">north of the CBD</a>, has been going through a renewal of its industrial land spaces, aiming to create vibrant urban hubs that offer a diverse range of housing options, employment opportunities, and a lively lifestyle.

Gorway Projects' <a href="/developments/broadmeadows-vic-3047">Broadmeadows development</a> Kingslea embodies this vision by featuring a collection of contemporary, architecturally designed townhomes.

[smartcode_project:default project_id=21537 project_image_fid=179058]

Located on the corner of Blair Street and King William Street, the development occupies a significant site that was home to the renowned Australian brand, Hard Yakka, for the past five decades

It is rare to find a brand new residential community located so close to the heart of the city. Positioned just 10 minutes away from Melbourne Airport and <a href="/developments/essendon-vic-3040">Essendon</a> Airport, Kingslea offers convenient access to the Tullamarine Freeway.&nbsp;

Kingslea is also well-serviced by public transport options. <a href="/developments/broadmeadows-vic-3047">The Broadmeadows train station</a> is only a few minutes' walk away, and with a total of 14 stations on the line, residents can easily reach the bustling city centre.

[smartcode_project:default project_id=21537 project_image_fid=179059]

Nature and green spaces are integral to the Kingslea community. Residents have the opportunity to enjoy the planned Meadowlink, a green space developed by the Hume City Council. Meadowlink will provide a pedestrian connection from Seabrook Reserve, extending over Blair Street and leading to the <a href="/developments/broadmeadows-vic-3047">Broadmeadows train station</a>.

Kingslea also features paved walking paths that seamlessly connect to Meadowlink, enhancing residents' access to these natural surroundings.

[smartcode_project_cta:default project_id=21537]

Located on the corner of Blair Street and King William Street, the development occupies a significant site that was home to the renowned Australian brand, Hard Yakka, for the past five decades

Former Hard Yakka site transformed into modern community in Melbourne's Broadmeadows

Developer Molonglo Group has filed plans for a new neighbourhood in Canberra's Fyshwick.

Molonglo, who have previously developed Melbourne's mixed-use building&nbsp;Walk Up Village and developments in Athens, Greece, have filed plans for&nbsp;11 low-rise apartment buildings across four hectares of industrial land&nbsp;between Dairy Road &amp; Monaro Highway.

Much of the residential neighbourhood site is part of the previously undeveloped portion of Dairy Road. It contains a large area of uncontrolled fill material excavated from Capital Hill, which was brought onto the site by the Commonwealth during the construction of Parliament House in the 1980s.

The development, which will be across five stages, has been designed by the London-based architectural studio&nbsp;David Chipperfield Architects.

<img alt="Fyshwick" data-entity-type="file" data-entity-uuid="59b3136d-ca40-40e3-b567-f9409140c860" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%2010.30.46%20am.png?VersionId=.aaTSJkzE_RTC5jLYnLK1E3GWq2wjplZ" />

The portion of the Dairy Road estate is identified under the Fyshwick Precinct Code as the dedicated portion of the estate where residential use is permitted.

A Pre-DA Public Consultation Report prepared earlier this year by Mongol suggested the residential neighbourhood will deliver intimate clusters of medium density housing that value outdoor and indoor life, and the built and unbuilt equally. It said the buildings will address the sites position near the Jerrabomberra Wetlands.

"Water will be an integral element of the neighbourhood and all buildings will be conceived as structures that give way to and support plant life," the report read.

<img alt="Dairy Road" data-entity-type="file" data-entity-uuid="33f56fb0-14a5-49a7-bf50-5def9d19c812" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%2010.28.20%20am.png?VersionId=Xdgp5O33YJXsxkCYR_YNY.ybqbcsI.TM" />

It said the mix of apartments and terraced houses are designed&nbsp;for flexibility, allowing adaptation by the residents according to their needs and lifestyles.

There will be just under 400 apartments, a mix of 228 one-bedrooms, 67 one-bedroom plus study units, 53 two-beds, and 40 three-bedroom apartments.

As well as the apartments, on offer will be 10 four-bedroom and 10 five-bedroom townhouses.

10 per cent of the project will be dedicated to affordable housing, while car parking for 489 vehicles and 535 bicycles will be created, as well as&nbsp;new public and private open spaces including gardens, parks, and community facilities.&nbsp;Jane Irwin Landscape Architects is handling the landscaping.

"Architecture forms a framework for ecology whereby the spaces between buildings become equally as important as surrounding buildings," the report added.

"Buildings are arranged in pairs around generous courtyard gardens, with a central landscape space along the site’s east-west axis that changes from open grassland where it meets the wetland to woodland towards the east. Woven into this gradient of landscapes will be areas for gathering, reflection and play. A swale collects, filters and directs rainwater towards an ecological pool that will slowly release water into the wetland."

Monogolo's aim is for the project is to create a neighbourhood "where light industry, working, living, recreation and entertainment will co-exist in a natural setting."

&nbsp;

The development, which will be across five stages, has been designed by the London-based architectural studio David Chipperfield Architects

Molonglo Group plan Dairy Road neighbourhood in Canberra's Fyshwick

A striking bureau^proberts-designed development in <a href="/developments/paddington-qld-4064">Brisbane's Paddington</a> is set to test the height limits in the affluent suburb near Suncorp.

The small-scale development at&nbsp;298 Given Terrace is seeking to push the neighbourhood plan limit by one level, having made amends to the designs following a prelodgement council meeting back in late 2021.

The meeting minutes from a meeting held in late December stated the four-level, 12.5-metre proposal exceeds the&nbsp;acceptable outcome for building height in the neighbourhood plan, which is two levels and 9.5 metres.&nbsp;

The argument however is that the current building on the site, a small block of flats which has been owned by local Dr Peter Steadman since 2005, is four levels. Bureau^proberts have designed the building to present as a two-level building when viewed from Given Terrace.&nbsp;

"The design responds sympathetically to the streetscape by creating a transition in height from taller nearby apartment buildings to the cottage style residential pocket of Paddington," bureau^proberts noted in their Urban Context Report.

"The development's height and scale has been carefully considered to maintain the hillside character, whilst generous amounts of landscaping have been incorporated on all edges of the site to soften the built form and contribute to the streetscape and suburban backyard."

The project has been dubbed Ti-Tree, which was the name for the&nbsp;thriving community of Paddington in the 1850’s, where it was then known by the early settlers as the "Ti- Tree Flats" where residents farmed and cut timber.

<img alt="Ti-Tree Paddington" data-entity-type="file" data-entity-uuid="046d0ab8-6406-40fa-9e0b-d2e92f038087" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.30.06%20am.png?VersionId=yfYJruzG1TwcTY3186_RjNO.hws6R7T0" />

There are five apartments planned across the three-level building, four half-floor apartments and a whole floor penthouse across the third level.

"298 Given Terrace presents a collection of five boutique flats that continue the narrative of nurturing landscape in a residential enclave within the area," bureau^proberts wrote.

"Elevated on the hillside, the proposal utilises high quality design, landscape and generous amenities to create a contextual response that positively contributes to the streetscape and wider neighbourhood framework."

They said the&nbsp;architecture of Ti-Tree builds on the suburban character intrinsic to <a href="/developments/paddington-qld-4064">Paddington’s unique identity</a>.

<img alt="Ti-Tree" data-entity-type="file" data-entity-uuid="9a5624a1-47ad-42c8-b919-1b9b60b71aad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.39.40%20am.png?VersionId=k8cP2KUTmfHgyleFWXYr4ZPQRXj4YZqJ" />

"Traditional design elements such as, hipped roof forms, screened verandas, feature external entry stairs and landscaped courtyards are re-conceptualised to harmonise heritage with modern day living requirements.

"A singular built form is raised and folded around a landscape base transcending down the hillside to mimic the steep topography and create a cohesive relationship between the building and its natural environment."

Each of the ground floor apartments have three bedrooms, a media room, a study, a kitchen with butler's pantry, and a rear balcony. They each have over 250 sqm of internal space, and a plunge pool.

The two apartments above have a similar floorplan, with front and rear balconies, while the full floor penthouse, spanning 434 sqm of internal space and a further 238 sqm of outdoor terraces, has four bedrooms, a media room, study, a gallery in the open plan kitchen living and dining space, and a cellar. A pool and a lawn feature in the outdoor area.

<img alt="Ti-Tree Paddington" data-entity-type="file" data-entity-uuid="9684b9a6-aee3-476e-a7ae-4e7ae49cb912" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.29.41%20am.png?VersionId=eI5SKy9POHdxjGYvxmW6gJtUNYKwT4jh" />

"Each residence has been designed with an open plan focus," bureau^proberts added.

"Living and bedroom areas open to maximise views and connect to the outdoors. Dual layered facades employ full height glazing and screening to capture natural light and prevailing breezes whilst prioritising privacy and solar protection."

First look: Brisbane's Paddington set for rare off the plan apartment development

It's becoming more and more prevalent for developers to go to the 'green side' when creating new projects.&nbsp;

Excelon Projects has done just that with their new <a href="/developments/brunswick-vic-3056">Brunswick development</a>, Two Eleven Sydney Road, collaborating with Six Degrees Architects to create a sustainability-first project.

Two Eleven Sydney Road combines elements of <a href="/developments/brunswick-vic-3056">old Brunswick</a> with modern design principles, resulting in a fusion of old and new.&nbsp;

[smartcode_project:default project_id=7872 project_image_fid=49400]

21 apartments sit atop a preserved low-rise heritage facade on Sydney Road.

Sustainability lies at the heart of Two Eleven Sydney Road, which is evident in every aspect of the development. From the careful selection of materials to the thoughtful design and orientation of interior spaces, every decision has been made with the environment in mind.

The building's commitment to sustainability is further reinforced by the inclusion of solar energy generation, water harvesting, and storage systems.

[smartcode_project:default project_id=7872 project_image_fid=49401]

The building has been designed and engineered to achieve a 7.5-star NatHERS rating, indicating its superior performance in terms of thermal comfort and reduced energy consumption. This rating places Two Eleven Sydney Road among the most environmentally conscious residential developments in the area.

Open-air lanes have been incorporated throughout, along with walkways and a rooftop terrace, with the spaces designed to encourage social interaction among residents.&nbsp;

The location itself of the project also provides an ideal opportunity for residents to engage with the vibrant atmosphere of one of Melbourne's <a href="/developments/brunswick-vic-3056">most energetic inner-city suburbs</a>.

Two Eleven Sydney Road, which has just 21 apartments, is 75 per cent sold.&nbsp;

[smartcode_project_cta:default project_id=7872]

Two Eleven Sydney Road, which has just 21 apartments, is 75 per cent sold

Sustainability takes centre stage at Brunswick's Two Eleven Sydney Road apartments 

Smart home features were one of the most impressive inclusions in the competed Kann Finch-designed Burwood development, IQ Burwood.

The smart home technology included in the apartments encompass a range of devices and systems. Residents will have access to the Samsung SmartThings Hub and Google Home, allowing for centralised control of various aspects of their homes.

[smartcode_project:default project_id=22751 project_image_fid=86851]

From voice command technology for lighting control to the ability to adjust air temperature remotely using a mobile device, smart living is seamlessly integrated into the apartments. The developers ensured a seamless living experience by building all the technology into an integrated ecosystem right from the construction phase.

Smart switches and sensors are also provided, enabling automated control of lighting and other connected devices.

[smartcode_project:default project_id=22751 project_image_fid=86850]

The apartments are also equipped with super high-speed internet for uninterrupted connectivity.

Home security is a top priority at IQ Burwood, and residents can enjoy the latest in future-proof, high-tech security systems, providing a safe and secure living environment.

IQ Burwood also caters to the diverse needs of its residents, including those who enjoy Chinese entertainment, with access to over 60 Chinese TV channels.

[smartcode_project_cta:default project_id=22751]

The smart home technology included in the apartments encompass a range of devices and systems, including Samsung SmartThings Hub and Google Home



Smart home features leads inclusions at IQ Burwood

Only a handful of townhouses remain in A&amp;A Property Developers' Balwyn North development, Oakside.

The five luxury townhomes have been designed by architectural firm T-A Square and have incorporated Japenese-style tones through the main living spaces.

The internal living areas of each home have been designed to optimise comfort and flexibility, catering to the needs of modern families, with a choice of natural textures in neutral colours for the internal finishes. Each home has a private lift which future proofs the property.

[smartcode_project:default project_id=109144 project_image_fid=182140]

The generous-sized landscape surrounding Oakside has been crafted by landscape designer John Patrick, with the integrated green space creating a tranquil retreat within the confines of the development.

Oakside's location offers the best of both worlds. While it provides a peaceful escape from the hustle and bustle of Melbourne CBD, it is merely 10 kilometres away, allowing residents to easily access all the amenities and opportunities the city has to offer.

&nbsp;

[smartcode_project:default project_id=109144 project_image_fid=182146]

With its proximity to Melbourne CBD, North Balwyn Shopping Precinct, public transportation, and other amenities, Oakside presents an unparalleled opportunity for those seeking a well-connected lifestyle.

North Balwyn Shopping Precinct is just 350 metres away. For those who rely on public transportation, the Burke Road/Doncaster Road Tram Stop is only a four-minute walk from Oakside.

The development is also conveniently located 5.5 kilometres from Victoria Gardens Shopping Centre and 3.6 kilometres from Camberwell Train Station, offering residents a number of shopping, dining, and commuting options.

[smartcode_project_cta:default project_id=109144]

The five luxury townhomes have been designed by architectural firm T-A Square and have incorporated Japenese-style tones through the main living spaces

Final remaining bespoke townhouses on offer at Oakside, Balwyn North

Luxury developer&nbsp;Terra Ferma and joint venture partner Knox Group have teamed up on an apartment project in <a href="/developments/potts-point-nsw-2011">Potts Point</a>.

They're seeking to convert a 20-studio apartment building on Oak Lane, the <a href="/developments/woolloomooloo-nsw-2011">Woolloomooloo-side of Potts Point</a>, into a five-level building with just five apartments.

The team spent nearly a year amalgamating 20 owners across two rundown buildings.

The boutique nature of the offering, something which Potts Point and the nearby Elizabeth Bay isn't known for, particularly in the new and off the plan apartment space, means apartments are expected to sell for record prices.

<img alt="Potts Point" data-entity-type="file" data-entity-uuid="257fc57a-8bad-4add-bd85-2b9d8f0cc2b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-17%20at%2011.20.15%20am.png?VersionId=oNONryKufnX2crTgVz_mdNk17R3I6tOi" />

The premier site has 22-metres of Sydney Harbour frontage and will offer&nbsp;unparalleled 200-degree views of the <a href="/developments/sydney-nsw">Sydney Harbour</a>,&nbsp;from the city skyline to <a href="/developments/cremorne-nsw-2090">Cremorne Point</a>, the iconic Harbour Bridge and Opera House.

“We’re excited to have unlocked one of the finest boutique development sites in Sydney, with a 22-metre harbour-facing frontage, the most expansive frontage of any boutique site on Sydney Harbour,” Knox Group Co-Director Daniel Moroko said.

Terra Ferma Managing Director Diaa Shaker said they are&nbsp;thrilled to add the project to their portfolio of exclusive boutique residences

"With our focus on creating unparalleled living spaces and capturing the essence of Sydney Harbour, each of the five apartments is set to break the Potts Point square meter record."

To bring the project to life, the teams have chosen the renowned TZG Architects, fresh off their recent win in the 2023 Heritage Awards Judge’s Choice for their works on the iconic Bondi Pavilion.

Terra Ferma have worked on a number of boutique developments in the Sutherland Shire, while Knox Group, who have done the same, have recently transformed the Motel Molly in Mollymook.

The team spent nearly a year amalgamating 20 owners across two rundown buildings

Terra Ferma and Knox Group team up for Potts Point apartment project

Tim Gurner's GURNERTM has secured a trophy site in Sydney's Barangaroo area, with a view to develop two towers of apartments.

The $800 million project at 189 Kent Street is the first&nbsp;seed site to have capital deployed within the developer’s $2 billion Build-to-Sell development fund, which is backed by a global institutional investor.

The 1,195sqm site, which adjoins the Barangaroo precinct, currently houses a commercial office tower that was built in the 1960s, with current tenancies in place that GURNERTM will hold until completion of leases. The site has recently been granted planning approval for a residential development after a lengthy approval process by the site’s vendor Barana Group, who has held the asset since 2002.

This is the second transaction GURNERTM and Barana Group have completed together after GURNERTM first partnered with Barana Group in 2018 to develop St Kilda’s former Novotel site into one of Melbourne’s most exclusive and desired addresses, Saint Moritz. The Kent Street transaction by comparison represents a direct acquisition by GURNERTM, which will not be developed in joint venture like Saint Moritz.

&nbsp;

Tim Gurner sees the Barangaroo project an opportunity to bring a Saint Mortiz-level of luxury to Sydney.

“Sydney and this key strategic site in particular is crying out for an ultra-luxury offering like Saint Moritz that transports its owners into a world of luxury and service above anything else in the country, inspired by the best hotels around the world," Gurner said.

“This site is positioned within one of the most expensive and luxurious locations in Australia so we plan to take what we know from Saint Moritz and apply it on a whole new scale, to offer the market something that is completely unique in terms of design, luxury, service and amenity.”

The site has an existing approval in place for two towers, ground-floor retail, restaurants and bars, a health and wellness component, and basement carparking. GURNERTM will now be seeking small amendments to the approval to reduce the number of apartments and increase the amenity provisions, in line with its vision for the site.

<img alt="Tim Gurner" data-entity-type="file" data-entity-uuid="6968482a-7539-4087-ab91-b9134d18cd51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-17%20at%202.32.07%20pm.png?VersionId=vwNC7dml95eiGsAKa1iMpfaaDif2TloE" />

Award-winning architect FJC Studio has been appointed as architect, having won a competitive design competition between local and international architects.

The deal was brokered by Justin Brown, Tim Rees and Ben Wicks of CBRE.

Gurner said the team took their time in assessing the project.

“We’re certainly across the challenges the development industry is currently facing in regards to construction and interest rates. We’ve taken a conservative view to pricing and feasibility and feel supremely confident on the fundamentals of this site and its success.

“We have been watching the market very carefully for 18-24 months waiting for the right time to utilise the capital we have at our disposal, waiting for great opportunities knowing we can act quickly for the right sites, with a particular eye on Sydney and Melbourne."

He called Sydney a "very unique market."

“We also know there are different factors at play in Sydney – lack of affordability, scarcity of quality product and depth of the luxury market – that make it far more capable of withstanding the current economic headwinds, so it’s for this reason that we are very confident in the Sydney market and remain bullish on residential property in this blue chip city.

“Across other states it’s the construction and labour costs that are putting pressure on projects, which is why we see Sydney as such a strong opportunity with its higher price-per-square-metre average, motivated buyer pool and sought-after postcodes for offshore and local buyers.

“Sydney is a very unique market with an incredibly low amount of supply and an even smaller opportunity to acquire great sites with harbour views, it is even rarer to be able to transact on a site that also has planning approval ready to go."

The $800 million project at 189 Kent Street is the first seed site to have capital deployed within the developer’s $2 billion Build-to-Sell development fund, which is backed by a global institutional investor

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