<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="/new-apartments/hornsby-nsw-2077">Hornsby</a>, once known as a quiet suburb on the outskirts of <a href="/new-apartments/sydney-nsw">Sydney</a>, has transformed into a thriving hub of urban culture.

The migration of the city's dining scene to the northern enclave has brought with it a delightful array of espresso bars, artisan bakeries, and bustling brasseries.

Whether you crave a freshly brewed coffee from your favourite barista, an alfresco breakfast at a buzzing local café, or a leisurely evening sipping cocktails in a cozy wine bar, <a href="/new-apartments/hornsby-nsw-2077">Hornsby has it all</a>.&nbsp;

[smartcode_project:default project_id=6784 project_image_fid=199389]

Nestled within this vibrant locale is L &amp; C Foundation's Linea, an address that seamlessly blends luxury and convenience, and with its prime location, residents of Linea enjoy a lifestyle that caters to their every need.

For those seeking retail therapy, the sprawling Westfield Hornsby is just a leisurely 350-metre stroll away. Here, a treasure trove of department stores, supermarkets, specialty shops, fashion boutiques, and cinemas await.&nbsp;

[smartcode_project:default project_id=6784 project_image_fid=199385]

Transportation is also a breeze for Linea residents. The train station, a mere 200 metres away, provides direct access to Wynyard Station in just over 40 minutes. The Pacific Highway, the main road link <a href="/new-apartments/sydney-nsw">to the CBD</a>, also <a href="/new-apartments/hornsby-nsw-2077">passes through Hornsby</a>, offering a convenient route for those who prefer to drive. For those seeking an even quicker journey, the entry to Sydney's M1 Motorway and NorthConnex is just five minutes away.

Education is another area where Hornsby excels. With abundant and highly regarded educational facilities nearby, Linea is an ideal choice for families, with childcare centres, primary schools, secondary schools, and TAFE institutions are all within easy reach.

[smartcode_project:default project_id=6784 project_image_fid=199388]

Private institutions such as Barker College, St Leo's Catholic College, Our Ladies of Rosary Catholic School, Abbotsleigh School for Girls, and Knox Grammar School offer excellent options for families seeking a private education. Public schools like Hornsby North Public School, Hornsby Public School, Hornsby South Public School, and Hornsby Heights Public School provide further choices for families looking for quality public education.

While the area has developed, nature is still aplenty, with the picturesque Ku-ring-gai Chase National Park within close proximity to Linea. Residents will also be near to the Hornsby Aquatic and Leisure Centre, while the Lisgar Gardens provide a tranquil oasis not too far away.&nbsp;

With over 130 parks, playgrounds, and gardens, there's no shortage of places to relax and unwind.&nbsp;

[smartcode_project_cta:default project_id=6784]

The migration of the city's dining scene to the northern enclave has brought with it a delightful array of espresso bars, artisan bakeries, and bustling brasseries

Linea, Hornsby: A vibrant location with an enviable lifestyle

Construction is underway on <a href="/new-apartments/camberwell-vic-3124">Camberwell's latest residential development</a>, Timeless.

CDG Group engaged Will Leaf's Ewert Leaf to design the project which comprises a mix of 28 apartments and townhouses, catering not only to downsizers but also first home buyers.

The architectural essence of Timeless is understated yet captivating, drawing inspiration from <a href="/new-apartments/camberwell-vic-3124">Camberwell's iconic heritage character</a>. It harmonises classical design features with contemporary elements, resulting in a unique aesthetic appeal.&nbsp;

[smartcode_project:default project_id=6006 project_image_fid=65475]

The interiors of Timeless blend a timeless aesthetic with modern convenience, providing a tranquil ambiance and thoughtfully curated layouts. Each space exudes a sense of luxury while also offering a blank canvas for residents to personalise.

Natural stone, timber flooring, and plush, woollen carpets make up the refined suite of finishes, which are bathed in abundant natural light pouring through soaring, full-height windows.

[smartcode_project:default project_id=6006 project_image_fid=65467]

The open plan living areas, flooded with light, serves as a hub for socialisation and relaxation, offering an outlook to the streetscape. Echoing the architectural design, curved forms feature within the joinery, fireplace, and island bench, creating a seamless cohesion between indoor and outdoor spaces.

When asked about the biggest source of inspiration for Timeless, Ewert Leaf expressed their admiration for <a href="/new-apartments/camberwell-vic-3124">Camberwell's distinctive residential character</a>, both in terms of architecture and interior design.

[smartcode_project:default project_id=6006 project_image_fid=65473]

As <a href="/new-apartments/camberwell-vic-3124">one of Melbourne's oldest suburbs</a>, Camberwell boasts a collection of stately Victorian and Edwardian homes. Thus, the architects aimed to create a design that pays homage to these residences while incorporating their own unique vision.

“Our intent was to create a refined and sophisticated palette; one that would appeal to all demographics and lifestyles. I really love the beautiful sense of contrast in the palette, like the cool, elegant stone against the warm timber floors,” Leaf said.

“We wanted to ensure that the end user has an experience that is an upgrade from their current residence. Both upsizers and downsizers will be enamoured by the bright interiors, the generous location and the understated, sophisticated architecture that Timeless offers."

[smartcode_project:default project_id=6006 project_image_fid=65468]

Timeless stands on a corner site, providing two distinctive frontages that respond to the respective streets. The Mowbray Street entrance offers a private residential experience, while the Burke Road entrance engages with the street interface, featuring a ground floor commercial component and a sophisticated foyer space.

The choice of materials for both facades was deliberate, favouring robust brick and smooth render, complemented by metal cladding on the recessed top level. To soften the overall appearance, organic curves were incorporated alongside rectilinear forms.

"We’ve purposefully selected materials that age gracefully for both facades."

The seamless transition between external and internal design features is evident in Timeless, facilitated by having the project's architect and interior designer within the same office. The interiors echo the classic materiality introduced on the facade, showcasing curved features like the joinery and island bench, reinforcing the cohesive design language throughout the development.

[smartcode_project:default project_id=6006 project_image_fid=65470]

When asked about their favourite aspect of Timeless, Ewert Leaf emphasised its appeal to both homeowners and first-time buyers, fostering a diverse and vibrant community within the development.

"Timeless is designed to appeal to both homeowners and first home buyers, which means the community that will unfold within the development will be a diverse and colourful one – I think this is a really exciting element. I also love the wonderful sense of arrival created by the opulent lobby area. It evokes a strong feeling of pride and of ‘coming home’."

[smartcode_project_cta:default project_id=6006]

The architectural essence of Timeless is understated yet captivating, drawing inspiration from Camberwell's iconic heritage character

"Designed to appeal to both homeowners and first home buyers": How Ewert Leaf designed Camberwell's Timeless

In the vibrant landscape of north-west <a href="/new-apartments/sydney-nsw">Sydney</a>, a new urban village has re-envisioned modern living.

Greenland Australia's completed development, NBH at Lachlan's Line in <a href="/new-apartments/macquarie-park-nsw-2113">Macquarie Park</a>, offers 900 apartments spread across three towers designed by the architects at Bates Smart.

Soaring above a bustling town square, the development is located at the gateway to <a href="/new-apartments/macquarie-park-nsw-2113">Macquarie Park</a>, within the Lachlan's Line masterplan.&nbsp;

[smartcode_project:default project_id=5788 project_image_fid=95907]

Residents enjoy easy access to a range of amenities, including a supermarket, high-end and casual dining venues, a medical centre, a commercial gym, and an array of retail stores, including a dry cleaner, baker, florist, newsagent, and chemist.

The development's centrepiece, the 7,000 sqm Lachlan's Square Village, adds to its allure. Complete with an amphitheater and a childcare facility operated by Ryde Council, the vibrant communal space serves as the beating heart of the community.

Beyond the immediate surroundings, NBH at Lachlan's Line benefits from its position within the Macquarie Park employment corridor, Sydney's second-largest business hub. This bustling hub hosts some of the world's most innovative companies, such as Microsoft, Oracle, and 3M, earning the area the moniker of the harbour city's 'Silicon Valley'.

[smartcode_project:default project_id=5788 project_image_fid=95902]

Situated a mere 15 kilometres from the <a href="/new-apartments/sydney-nsw">Sydney CBD</a>, residents have convenient access to the city's cultural and economic offerings. Multiple transport options are within minutes' walk, including the North Ryde and Macquarie Park Metro stations, as well as Epping Road bus services.

One of Australia's top 10 universities, Macquarie University, is easily accessible within a 5-minute drive or via public transport.

In addition, major regional shopping centres such as Macquarie, Top Ryde, and <a href="/new-apartments/chatswood-nsw-2067">Chatswood</a> are just moments away, providing a wealth of retail opportunities.

Adjacent to the <a href="/new-apartments/lane-cove-nsw-2066">Lane Cove</a> National Park, residents can also immerse themselves in nature's beauty, while golf enthusiasts will appreciate the world-class <a href="/new-apartments/north-ryde-nsw-2113">North Ryde</a>, <a href="/new-apartments/chatswood-nsw-2067">Chatswood</a>, and Avondale golf courses located nearby.

[smartcode_project_cta:default project_id=5788]

Greenland Australia's completed development, NBH at Lachlan's Line, offers 900 apartments spread across three towers designed by the architects at Bates Smart.

NBH at Lachlan's Line: Urban living in Sydney's North West

Gold Coast units have continued to show their strength through 2023,&nbsp;according to property data analytics firm CoreLogic's Monthly Hedonic Home Value Index.

Unit values rose 1.5 per cent last month, the highest monthly gain across every capital in the country. The 3.9 per cent rolling quarterly gains are also the strongest in the country, ahead of <a href="/new-apartments/sydney-nsw">Sydney</a> (3.5 per cent).

The median unit value is now $672,900, according to CoreLogic, now just -2.8 per cent lower than this time 12 months ago following the national year-long downturn.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values.

“Through June, the flow of new capital city listings was nearly -10 per cent below the previous five-year average and total inventory levels are more than a quarter below average.

Read more:&nbsp;<a href="/news/qld/city-beat-june-2023-gold-coast-apartments-defy-downturn-rebound-sharply">City Beat June 2023: Gold Coast apartments defy downturn, rebound sharply</a>

"Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

Although housing values continue to record a broad-based upswing, the pace of growth across most capitals eased in June.

“A slowdown in the pace of capital gains could be a reflection of a change in sentiment as interest rate expectations revise higher,”&nbsp;Lawless added.

“Higher interest rates and lower sentiment will likely weigh on the number of active home buyers, helping to rebalance the disconnect between demand and supply.”

<h2>What's happening in the off the plan apartment market?</h2>

Supply continues to be a contributing factor to the success of off the plan apartment projects on the <a href="/developments/gold-coast-qld">Gold Coast</a> in June.

Urban Activation Director of Sales and Marketing Matt George says June showed&nbsp;a strong continuation of demand in the <a href="/developments/gold-coast-qld">Gold Coast property market</a>.

"Demand from lifestyle property purchasers from Brisbane, Melbourne and Sydney has continued well into 2023," George says, adding that investors with a longterm view of using apartments for personal use later in life have made up a strong portion of enquiry.

Urban Activation is marketing Melbourne developer Hirsch &amp; Faigen's <a href="/developments/mermaid-beach-qld-4218">YVES at Mermaid Beach</a>, which is now 90 per cent sold. The crane is on site, and completion is slated for the end of 2024.

[smartcode_project:default project_id=102451 project_image_fid=186080]

They're also selling <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>, the sustainable <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> tower, for MRCB International. George says they're seen&nbsp;consistent demand&nbsp;from China, Hong Kong and Taiwan due to the project's central location, quality, and scale.

They did $55 million in sales at the project within the first three months of its marketing.

Apartments start from $605,000 in the 51-level tower, which will home the <a href="/news/qld/26-vista-to-home-the-gold-coasts-highest-resident-sky-pool">Gold Coast's highest residential swimming pool</a>.

[smartcode_project:default project_id=112730 project_image_fid=211251]

The amenity, on level 51 of the <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">Vista Street building</a> just off the beach in Surfers Paradise, will be reserved for the residents of the three and four-bedroom apartments from level 33 and up.

Dubbed the Alto Private Lounge, the rooftop will feature a&nbsp;sky pool, as well as a private dining space, kitchen, and a bar with cocktail-style seating.

Also forming part of the rooftop is ‘Stratos 168’, which is accessible to all residents. That offers an indoor and outdoor lounge, fire pits, garden beds, and an outdoor workspace.

[smartcode_project:default project_id=112730 project_image_fid=211248]

Level 4 is home to ‘<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">Club Vista</a>’, comprising a large pool and yoga sun deck, as well as a cycle-room and gym offering world class equipment open to all residents.

George believes that amenity rich towers such as <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> also need to offer the convenience and the immediacy typically experienced with inner city living, or hotels.

Knight Frank Associate Director James Elliot says he's seeing strong buyer interest from the Gold Coast to Byron Bay from high-net-worth clientele seeking premium quality new properties.

"They are more considered with their buying approach and very detailed in their investigations and research," Elliott said, adding that while the buyer journey is now a little longer&nbsp;between initial enquiry and making a decision on a property since the COVID-induced boom, the segment of buyers in the $5 million to $20 million range for high-quality off the plan properties is still high.

The median unit value is now $672,900, according to CoreLogic, now just -2.8 per cent lower than this time 12 months ago following the national year-long downturn

City Beat July 2023: Gold Coast unit market the strongest in the country

Brady Group's 380 Melbourne delivers a ready-to-move-in option to <a href="/developments/melbourne-vic">Melbourne's inner-city</a>.

The group completed the twin-tower at 380 Lonsdale Street development in 2021, with the towers joining Melbourne’s booming 200 metre club. Both the north tower, rising 65 levels, and the 51-level south tower, are in the top 25 tallest towers in the city.

Designed by Elenberg Fraser, the towers offer a range of colour palettes, sophisticated materials and distinctive touches, such as Oak timber floorboards, paired with cutting edge fixtures and high quality Miele kitchen appliances.

[smartcode_project:default project_id=2064 project_image_fid=210636]

The light-filled living areas are open-plan and provide panoramic outlooks to the <a href="/developments/melbourne-vic">Melbourne CBD</a>, with many featuring bespoke bay windows.&nbsp;

It's not just apartments that are on offer in the twin-tower development, with a collection of 300 luxury VOCO by IHG hotel suites also finding a place in 380 Melbourne, along with a podium with commercial tenancies and a new laneway that links the building to the public domain, connecting Lonsdale and Little Lonsdale Streets.&nbsp;

An array of resident's only amenity has also been incorporated, with a resident's lounge and a games room with table tennis, air hockey and foosball tables.

There's also a private cinema and karaoke room, along with steam rooms, a sauna, private bar dining and lounge areas, a rooftop garden, 25-metre heated lap pool, and an outdoor terrace with barbecue facilities and seating.&nbsp;

[smartcode_project:default project_id=2064 project_image_fid=210656]

Located just a stone’s throw from all Melbourne has to offer, 380 Melbourne residents will be able to take advantage of shopping precincts such as <a href="/developments/melbourne-vic">Melbourne</a> Central and Emporium Shopping Centre, which are both within walking distance.

The RMIT University precinct with the public State Library of Victoria, educational facilities and quirky cafes and bars, as well as extensive parklands such as Carlton Gardens and Flagstaff Gardens are also within easy reach.

One, two and three-bedroom apartments are still available in 380 Melbourne, with the one-bedders priced from&nbsp;$570,000. The two-bedroom apartments begin from&nbsp;$738,000 through to&nbsp;$845,000, with the three-bedders starting from&nbsp;$1.234 million.&nbsp;

[smartcode_project_cta:default project_id=2064]

The group completed the twin-tower at 380 Lonsdale Street development in 2021, with the towers joining Melbourne’s booming 200 metre club

Buyer Handbook: A buyer's guide to Brady Group's Melbourne apartment development, 380 Melbourne

The new financial year has brought changes to the <a href="/developments/canberra-act">Australian Capital Territory's</a> off the plan stamp duty concessions.

Now any buyer of an apartment or townhouse valued at or below $700,000 doesn't have to pay stamp duty. That's a rise from the previous $600,000 cap.

It's a significant jump which sees 90 per cent of the stock being developed by Geocon, one of the territory's most renowned developers, now qualifying for the full exemption.

[smartcode_project:default project_id=7947 project_image_fid=186442]

Two of Geocon Group's prominent projects, WOVA in <a href="/developments/phillip-act-2606">Phillip</a> and Black Diamond in <a href="/developments/fyshwick-act-2609">Fyshwick</a>, are currently on the market. WOVA, situated within the vibrant redevelopment of the old Woden Town Centre, has already achieved strong sales success, with over 90 percent of its units sold.

The completion of this project is scheduled for early 2024, making it an appealing choice for homebuyers seeking a modern and well-located residence.

WOVA offers a limited number of one, two, and three-bedroom apartments. Prices start from an affordable $436,900 for a one-bedroom apartment and $610,900 for a two-bedroom unit.

[smartcode_project:default project_id=7947 project_image_fid=186449]

The development, designed by the award-winning architecture firm Fender Katsalidis in collaboration with Oculus Urban Design, features four distinctive residential towers.

The ground floor of the building will house retail tenancies, including eateries, cafes, boutique retail outlets, and convenience stores. For residents' recreational needs, there will be a lap pool, fitness studio, gym, and even a private cinema for entertainment purposes.

[smartcode_project:default project_id=107705 project_image_fid=175002]

Black Diamond, is the final release of Aspen Village, a joint venture between Geocon and Empire Global.

Inspired by the picturesque ski villages of Aspen, Black Diamond and Aspen Village aim to provide a luxurious and amenity-rich living experience.&nbsp;

The crown jewel of Aspen Village is The Summit, a 2,200 sqm rooftop entertaining space that boasts an indoor-outdoor bar, a heated infinity-edge pool, bookable private lounge areas, barbecue and dining facilities, fire pits, and a lawn area.&nbsp;

[smartcode_project:default project_id=107705 project_image_fid=175003]

The Alpine Bathhouse, covering 100 sqm, offers resort-style amenities, including three private indoor/outdoor spa rooms and a 12-person sauna with a stunning view overlooking Lake Tuggeranong.

Prospective buyers looking to secure a unit in Black Diamond will have to act quickly, as there is only a limited supply of one and two-bedroom apartments remaining. Prices start at an attractive $409,000 for a one-bedroom residence and range from $414,000 to $484,000 for a two-bedroom unit.

Any buyer of an apartment or townhouse valued at or below $700,000 doesn't have to pay stamp duty, up from the old $600,000 cap

New stamp duty concessions for ACT to benefit off the plan property buyers

A new townhouse development in <a href="/developments/wollstonecraft-nsw-2065">Wollstonecraft</a> on Sydney's Lower North Shore is expected to meet a large gap in the market for downsizers.

PBD Architects have put the plans together for a 10-townhouse development at 7-9 Selwyn Street, a 1,546 sqm site near the Wollstonecraft Train Station.&nbsp;

Each of the townhomes will have three-bedrooms across three levels, and a shared basement with parking for 16 cars.

Local agency Atlas provided advice on the project. They said there's a gap in the market for this type of product.

"Due to the nature of the area, there has been a shift over the past three years of local residents wanting to downsize but struggling to find the right accommodation, particularly older residents given most options in the area are limited to older homes with stairs or conservatively sized apartments," the submission by Atlas agent John Melville said.

<img alt="Selwyn" data-entity-type="file" data-entity-uuid="ff8409b9-cd68-4b5b-acce-566bce4c241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-10%20at%201.59.05%20pm.png?VersionId=8ZkS632mzC5Hb8eoJ0DWEzkrYepuvQkZ" />

He said the team has seen a 42 per cent increase&nbsp;in enquiry for clients looking for three bedroom townhomes.

"We find most people looking to downsize find a three bedroom home as the most suitable option," he said, noting that they see this development as an opportunity to fill a gap in the market for townhouses with an internal lift, that will have a wide appeal to a range of different buyer dynamics, but largely will suit older residents looking for a suitable downsizing option that don’t want to live in an apartment.

Ray White Lower North Shore Principal Tim Abbott shared the sentiment, suggesting the proposal will be highly sought after because of the townhouse configurations with additional family rooms and studies, and the generous sizing which ranges from 170 sqm to 173 sqm internally.

"These sizeable spaces are highly desired and are rare to find," Abbott's submission read.

"There is a high level of demand for high-quality three bedroom residences with additional amenities within the Wollstonecraft area and surrounding suburbs, this is driven by strong levels of enquires. The demand for this product generally comes from a high net-worth demographic of an aging population who is struggling to secure sizable, low maintenance residences within the Wollstonecraft region, and are not yet ready to transition into apartment living."

<img alt="Selwyn" data-entity-type="file" data-entity-uuid="714489ba-4142-49cd-ac4e-3067ddf03c19" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-10%20at%201.59.55%20pm.png?VersionId=YR4Acq5HEXajwBAeyoxVq2AMm2KHs28o" />

He said much of the&nbsp;existing stock within the market is apartments, restrictive in size, and does not include high levels of specifications.

"A low supply of high-quality stock is seeing many locals relocate to neighbouring regions to meet their needs and expectations and this is highlighting a clear gap within the market."

Their comparable sales list of new three-bedroom townhouses showed that only&nbsp;one other development within Wollstonecraft, The Greenwood Collection by Metro Properties, offered high-quality three-bedroom residences. The rest were in surrounding suburbs <a href="/developments/crows-nest-nsw-2065">Crows Nest</a>, <a href="/developments/naremburn-nsw-2065">Naremburn</a>, <a href="/developments/willoughby-nsw-2068">Willoughby</a>, <a href="/developments/waverton-nsw-2060">Waverton</a>, and <a href="/developments/cremorne-nsw-2090">Cremorne</a>.

PBD said in their Design Verification Statement&nbsp;that the design&nbsp;of the development is focused on creating a cohesive and visually pleasing aesthetic that complements its surroundings.

<img alt="Selwyn" data-entity-type="file" data-entity-uuid="1124d9ea-ade3-4766-b699-9b12d0f96015" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-10%20at%201.59.38%20pm.png?VersionId=mZN44QXEyOEU2_cq3KivfBQqnmmC3c_k" />

"The use of natural materials and incorporation of greenery throughout the development creates a harmonious and inviting atmosphere.

"The design also takes advantage of the local climate to provide a comfortable and enjoyable living experience for residents.

They said the overall design ensures that visitors and residents feel welcomed and comfortable within a lush green environment, and the design&nbsp;takes into consideration current market demands and living patterns in the local area.&nbsp;

Each of the townhomes will have three-bedrooms across three levels, and a shared basement with parking for 16 cars

First look: Boutique Wollstonecraft townhouse development to meet market gap

Diversified Australian property developers Conquest have achieved success with their latest project, <a href="/buildings/la-luna-residences-23-george-street-burwood">La Luna Residences</a> in <a href="/developments/burwood-nsw-2134">Sydney's Burwood</a>.

Over 95 per cent of the <a href="/buildings/la-luna-residences-23-george-street-burwood">18-level George Street building</a> has sold. Just a handful of two-bedroom apartments remain, starting from $995,000.

Each of the remaining two-bedroom apartments spans 80 sqm and offers two bathrooms along with a convenient car space.

[smartcode_project:default project_id=6552 project_image_fid=209907]

Designed under the guidance of Luis La Pegna, La Luna boasts a sophisticated and elegant selection of materials throughout its architecture. Functionality takes centre stage in this development, as the open plan dining and living zones seamlessly flow onto main balconies, allowing residents to enjoy breathtaking views of the city skyline and CBD.

“We design our apartments as if we were living in them ourselves - l’art de vivre,” said La Pegna.

“We’ve selected the fixtures, fittings and finishes we aspire for in our home. The floorplans are designed with easy living in mind, and a layout is created that is functional and elegant, and even more, appealing to the contemporary buyer.”

The apartments at La Luna Residences also prioritise practicality, incorporating internal laundries that are concealed and inbuilt to maximise space. Additionally, linen storage and study spaces are thoughtfully provided to enhance residents' daily living experience.

[smartcode_project:default project_id=6552 project_image_fid=202005]

“The sites and locations are optimal. The floor plans are thoughtfully planned to maximise light, views, and functionality,” La Pegna added.&nbsp;

“The Conquest™ attention to detail is apparent; from the distinctive facades, colours and glass, to the custom fixtures, hardware, stone, metals and interior design work, to the welcoming lobbies. These are properties that will be appreciated by generations to come.”&nbsp;

Situated in the heart of <a href="/developments/burwood-nsw-2134">Burwood</a>, La Luna Residences benefit from their proximity to the diverse cultural offerings for which the inner-city suburb is renowned.

[smartcode_project:default project_id=6552 project_image_fid=202004]

With convenient walk-through access to the retail options available at Westfield Shopping Centre, residents can easily indulge in shopping sprees or enjoy a variety of dining experiences. Moreover, La Luna is located on the cusp of Burwood's vibrant restaurant district, which includes the famous Burwood Chinatown and Crowne Plaza Sydney Burwood.

The location of La Luna Residences ensures that transportation is a breeze for its residents. Burwood Train Station, located within a mere 250 metres, provides seamless commuting options into the city, which is 12 kilometres away. Residents will soon also benefit from the upcoming construction of the proposed Burwood Metro Station, which will be just a short stroll away from La Luna.

[smartcode_project_cta:default project_id=6552]&nbsp;

Over 95 per cent of the 18-level George Street building has sold

Buyer handbook: A buyer's guide to Conquest's Burwood apartment development, La Luna

A new development in Byron Bay is hoping to create a new blue-print for all future mixed-use developments in the <a href="/developments/byron-bay-nsw-2481">Byron Shire Council</a>.

The new three-level project at 9 Marvell Street, near a number of cafes, restaurants, and the <a href="/developments/byron-bay-nsw-2481">Byron Bay</a> Bowling Club, will have a mix of eight three and four-bedroom apartments above ground floor commercial tenancies, and a resident-only rooftop with swimming pool and barbecue deck.

Australian research lab Finding Infinity prepared a&nbsp;Design Excellence Report - Sustainability, for the project, stating is has the potential to "offer better experience."

"This project is an opportunity for leadership - to create an example that makes it easy for everyone else to follow," the Report read.

The Report said it can be a place that’s easy for residents to have a positive environmental impact, calling it a "finely tuned machine."

"A building that is built cost-effectively and is high performance with a positive impact. It functions simply, and has ultra-low operating costs. It’s easy to maintain and run. Spaces are comfortable and the community thrives. A zero-carbon operational building."

They said the building could reach&nbsp;the environmental-financial threshold, where every profitable initiative is implemented, improving both the environmental and financial performance of the project.

<img alt="Byron" data-entity-type="file" data-entity-uuid="3a132943-252d-41dc-afda-b6ec0c863882" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-07%20at%2011.55.11%20am.png?VersionId=0HWkwOCF5tXlvgdqdp5Bpf69Vdl30y1E" />

The 1,013 sqm site, currently home to the Byron Bay Dive Centre, has been owned by local businessman Perry Bartholomew, who is the Dive Centre's Managing Director, since 2009, when it was bought for $2,275,000.

<a href="/architects/harley-graham-architects">Harley Graham Architects</a>, who also designed <a href="/new-apartments/bohemian-90-96-jonson-street-byron-bay">The Bohemian</a> for <a href="/developers/luxcon-group">Luxcon Group</a>,&nbsp;put the plans together for the $12 million development. The average apartment size is 140 sqm.

There will be EV charging facilities in one car share space in the building, however provisions are proposed for an additional eight charging spaces to meet future demand.

Finding Infinity's Report said that it is predicted that by 2035, 50 per ent of new car sales in Australia will be electric.

Research done for the City of Sydney showed that 81 per cent of residents were in favour of installing EV charging.

<h2>Sustainability initiatives</h2>

<ul>
	<li>High performance facade and considered orientation</li>
	<li>Mixed Mode Ventilation</li>
	<li>Efficient lighting, appliances, equipment, and HVAC systems</li>
	<li>100% electric, no gas connection</li>
	<li>Heat pump DHW</li>
	<li>Rooftop Solar PV</li>
	<li>Imported GreenPower</li>
	<li>EV charging and future-proofing</li>
	<li>Smart controls and apartment kill switches</li>
	<li>Efficient water fittings and fixtures</li>
	<li>Rainwater collection and reuse</li>
	<li>Recycled water connection</li>
	<li>Zero-waste tenancy agreements</li>
	<li>E-water systems</li>
	<li>Organic waste separation</li>
	<li>Non Toxic Construction</li>
</ul>

&nbsp;

Australian research lab Finding Infinity prepared a Design Excellence Report - Sustainability, for the project, stating is has the potential to "offer better experience."

First look: Mixed-use development to reinvent sustainability in Byron Bay

What both developers, and more importantly buyers, want from a residential project is to be as close to amenity as possible without being on a busy highway.

Perth developer Citify secured a prime location for their soon-to-be completed <a href="/developments/east-victoria-park-wa-6101">East Victoria Park</a> project The Brixton, just off the Albany Highway.

Located on Bassinghall Street residents of The Brixton will enjoy convenient access to the <a href="/developments/perth-wa">Perth CBD</a> from the Albany Highway, a five-kilometre commute.

[smartcode_project:default project_id=22021 project_image_fid=213566]

There's an array of public transport options and major road links in close proximity, as well as an extensive network of walkways and cycle paths that crisscross the area.

When it comes to dining, The Brixton spoils its residents for choice. A leisurely 50-metre stroll will lead residents to a selection of cafes and restaurants,&nbsp;offering a diverse range of culinary delights from around the world are just around the corner.&nbsp;

[smartcode_project:default project_id=22021 project_image_fid=213573]

Aside from the incredible dining options, residents find themselves in close proximity to all essential amenities.

Work <a href="/developments/perth-wa">in the city</a>? A mere 10-minute journey will take you there. Pursuing higher education? A bus stop conveniently located across the road provides a direct route to Curtin University.

[smartcode_project_cta:default project_id=22021]

Located on Bassinghall Street residents of The Brixton will enjoy convenient access to the Perth CBD from the Albany Highway, a five-kilometre commute


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