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

Joel Robinson

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

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

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

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

In an era where environmental sustainability is being more and more important, 10 Lilydale Grove stands as a shining example of a smart, sustainable, and future-focused residential development.

Developed by Residence Co, 10 Lilydale&nbsp;offers a range of one, two, and three-bedroom configurations, with each providing residents with a combination of comfort, convenience, and eco-friendly living.

The recently completed building has been designed by&nbsp;Ellis Architects with sustainability at the forefront, aiming to reduce its carbon footprint and minimise the impact on the environment.

It boasts an 8-star energy rating, showcasing its dedication to energy efficiency and eco-consciousness.

[smartcode_project:default project_id=4399 project_image_fid=210899]

The development takes advantage of an embedded energy network, ensuring that energy costs are kept to a minimum for residents. By sharing energy resources, the complex maximises efficiency and reduces individual energy expenses. This not only benefits the environment but also provides financial relief for residents living in the building.

To further enhance energy efficiency and provide a comfortable living environment, the complex features triple-glazed windows, which not only minimises noise pollution but also help to regulate indoor temperatures, reducing the reliance on heating and cooling systems.&nbsp;

In line with the growing popularity of electric vehicles, 10 Lilydale Grove has taken steps to accommodate this eco-friendly mode of transportation. The development offers individual electric vehicle charging stations, allowing residents to conveniently charge their EVs at home.&nbsp;

[smartcode_project:default project_id=4399 project_image_fid=210908]

In addition to its focus on energy efficiency, 10 Lilydale Grove integrates future-proof CBUS systems. This cutting-edge technology allows residents to have smart control over their energy usage, climate control, and security systems. By providing residents with the ability to monitor and adjust these aspects of their homes, the development empowers individuals to make informed decisions regarding their energy consumption and create a sustainable living environment.

The commitment to sustainability at 10 Lilydale Grove extends beyond the individual units. The development features a 28kw rooftop power station, harnessing the power of the sun to generate electricity for the building. This renewable energy source helps to reduce reliance on traditional power grids, contributing to a greener and more sustainable community.

The development also incorporates stormwater reticulation, which allows for efficient water management and reduces strain on the local water supply. By capturing and redirecting rainwater, the development minimises water wastage and helps preserve this precious resource.

[smartcode_project:default project_id=4399 project_image_fid=210929]

Residents of 10 Lilydale Grove will also be able to take advantage of the various amenities provided within the development, including an on-grade carpark, residents' gym, and a rooftop terrace with barbecue facilities.

Situated in one of Melbourne's most desirable locations, 10 Lilydale Grove offers a prime address that combines convenience and luxury. With Auburn Village boutiques and cafes at its doorstep and easy access to public transportation, renowned schools, and popular retail and dining precincts.

The project is completed and ready-to-move-in, with prices starting from&nbsp;$850,000 for a one-bedroom apartment.&nbsp;

[smartcode_project_cta:default project_id=4399]

The recently completed building has been designed by Ellis Architects with sustainability at the forefront, aiming to reduce its carbon footprint and minimise the impact on the environment

Sustainable, future-focused lifestyle at 10 Lilydale Grove in Hawthorn East

Adelaide's vibrant suburb of Norwood has long been sought-after for its eclectic charm and convenient location.

Nestled just a stone's throw away from the popular Norwood Parade and less than two kilometres from the city centre, Norwood Green is set to redefine luxury living in the coveted area, offering a diverse collection of townhouses and apartments.

Prospective homeowners can choose from one, two, and three-bedroom apartments and townhouses, each designed by Tectvs to offer a stylish and comfortable living experience.

[smartcode_project:default project_id=22648 project_image_fid=74417]

The apartments at Norwood Green boast an array of premium features and finishes that exude sophistication, with upgraded SMEG appliances and Caesarstone benchtops just some of the features.&nbsp;

The 2.7-metre ceilings in the living spaces and bedrooms create an open and airy atmosphere, while the large balconies create a seamless integration between indoor and outdoor living.&nbsp;

Comfort is at the forefront of Norwood Green's design, with ducted reverse cycle air conditioning ensuring year-round climate control. Secure car parking offers peace of mind to residents, while the choice of three schemes for flooring, including timber floorboards and 100 per cent wool carpets, allows for personalisation.&nbsp;

The development is characterised by its integration of landscaped green spaces with architectural design, fostering a sense of harmony between nature and modern living. Residents can enjoy the serenity of park settings right at their doorstep, providing a welcome escape from the hustle and bustle of the city.

[smartcode_project:default project_id=22648 project_image_fid=74420]

Norwood Green also boasts a diverse new retail precinct that adds vibrancy to the community. With an array of shops, cafes, and restaurants, residents have a wealth of options for dining, shopping, and entertainment within easy reach.&nbsp;

Catcorp and Buildtec have been engaged to handle the construction of Norwood Green, which is slated for completion by November 2024.&nbsp;

[smartcode_project_cta:default project_id=22648]

Norwood Green boasts a diverse new retail precinct that adds vibrancy to the community

Norwood Green: Where lifestyle meets luxury in one of Adelaide's most desirable suburb

No.1 Studley Park, a collection of 30 residences by Prince Corporation, will see residents move in later this year as it approaches completion.

Developed in collaboration with acclaimed design firms Telha Clarke and Studio Tate, No.1 Studley Park showcases elegant architecture and refined interiors, all set against the backdrop of Melbourne's iconic city skyline.

Each residence has been meticulously designed to pay homage to the heritage homes of Kew, while incorporating modern elements and exquisite attention to detail.

[smartcode_project:default project_id=3710 project_image_fid=155452]

Prospective buyers can choose from a range of one, two and three-bedroom apartments, with prices ranging from $499,000 through to $1,725,000.

The residences feature free-flowing living and dining areas that seamlessly connect to private balconies, offering a tranquil and inviting space for relaxation or entertaining guests.

The interiors of No.1 Studley Park exude elegance and style. Light oak timber floorboards create a warm and inviting ambiance throughout the living spaces, while full height double glazed windows flood the apartments with natural sunlight, providing views of the city skyline and the lush treetops of the Studley Park precinct.

The gourmet kitchens are a chef's dream, with a choice of natural stone or Terrazzo benchtops, European appliances, and custom-coloured joinery, while the bathrooms showcase ceramic tiles, fluted glass feature wall lights, and premium fixtures.

[smartcode_project:default project_id=3710 project_image_fid=155456]

No.1 Studley Park offers an array of amenities that further enhance the residents' lifestyle. Crowning the development is the communal rooftop terrace, featuring a barbecue area, an indoor lounge, and a separate co-working space, all complimented with panoramic views of the CBD.

Located just moments away from the iconic Kew Junction shops, the Studley Park precinct, and excellent public transport options, residents can easily immerse themselves in a vibrant inner-city lifestyle while enjoying the tranquility of nearby parks and the scenic Yarra River.

One, two and three-bedroom apartments are still remaining in the Studley Park Road project.

[smartcode_project_cta:default project_id=3710]

Prospective buyers can choose from a range of one, two and three-bedroom apartments, with prices ranging from $499,000 through to $1,725,000

No.1 Studley Park in Kew approaches completion

National builder Huthcinson Builders has kicked off construction at Monarch Residences, the new Toowong riverfront development by Brisbane developer Consolidated Properties Group.

The construction commencement comes after a bull run of sales since the project was launched through Colliers just a few months ago.

&nbsp;

Consolidated have enlisted some of country's leaders in their fields for Monarch. Hutchies, one of the nation's largest construction companies, joins&nbsp;John Wardle Architects and Cottee Parker who collaborated on the design which combines&nbsp;the essence of the quintessential Queenslander with an iconic sub-tropical cosmopolitan lifestyle.

[smartcode_project:default project_id=113455 project_image_fid=211496]

The residences at Monarch have been designed to maximise the river and city views, as well as the abundance of natural light and outdoor space.

The development offers a range of living options, including one, two, three and four-bedroom apartments and penthouses, curated across two 15-storey towers known as River 1 and River 2.

[smartcode_project:default project_id=113455 project_image_fid=211468]

Crowning the towers will be unparalleled rooftop amenity, designed exclusively for residents.&nbsp;The space features a heated infinity pool, an exclusive private dining area, a lounge that can double as a work-from-home space, a sauna, a 'Winter Den,' and several private barbecue seating areas.&nbsp;

Monarch Residences is located three kilometres from the heart of Brisbane's CBD, while the development is also just moments away from renowned educational facilities, the Regatta Ferry Terminal, the Bicentennial Bikeway, and the Toowong Train Station.&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211495]

The Monarch precinct, where the development is situated, will also include the proposed new Toowong-to-West End Green Bridge, a Riverfront Park, a cycle path, and walkway access.

Additionally, the historic Middenbury House, located within the precinct, is undergoing contemporary restoration and will become a landmark riverfront restaurant and café, adding to the vibrancy of the area.

Construction on the project is slated for late 2026.&nbsp;

[smartcode_project_cta:default project_id=113455]

The construction commencement comes after a bull run of sales since the project was launched through Colliers just a few months ago

Hutchies begin build of Consolidated Property Group's Monarch Residences in Toowong

While they're working on their groundbreaking $1 billion STH BNK by Beulah tower, Beulah has been busy on the low density side of residential development.

Their recently completed project Provenance, a boutique project of just 12 apartments, has been designed by Elenberg Fraser in the heart of Camberwell at 890 Toorak Road.

Each of the ten house-sized apartments and two luxury penthouses has been thoughtfully designed to redefine the concept of multi-residential living.

"Provenance is a project that will shift your expectations and understanding of what it is to live in a multi-residential building, now and into the future," Callum Fraser, Principal Architect at Elenberg Fraser said.

[smartcode_project:default project_id=9099 project_image_fid=48596]

One of the standout features of the apartments is the private lift, providing residents with the utmost privacy and convenience. The seamless integration of the lift adds a touch of exclusivity, ensuring a sense of luxury from the moment you step foot into your home.

The attention to detail extends to the heart of the home, the kitchen. The Gaggenau chef's appliance package sets a new standard for culinary excellence, allowing residents to unleash their inner chef. The addition of a butler's pantry further enhances the functionality and practicality of the kitchen, providing ample storage space and an additional preparation area.

[smartcode_project:default project_id=9099 project_image_fid=201603]

Expansive north-facing terraces and private balconies seamlessly blend indoor and outdoor living, inviting residents to relax and unwind while enjoying the vistas of the surrounding landscaped gardens, with the generous outdoor spaces serving as an extension of the living areas.

The surrounding landscaped gardens add to the charm and beauty of the development, creating a peaceful and green environment for residents to enjoy.&nbsp;

[smartcode_project:default project_id=9099 project_image_fid=201672]

Parking woes are a thing of the past, as each apartment comes with a minimum of two car spaces, with the generous provision allowing residents to comfortably accommodate their vehicles without compromising on convenience or security.

Situated just a 15-minute drive from the bustling CBD, Provenance offers the perfect blend of accessibility and tranquility, with residents easily able to enjoy the vibrant city lifestyle while retreating to the serene oasis of their residence.

A limited collection of apartments still remain in the Camberwell project, with a mix of two, three and four-bedroom floorplans on offer.&nbsp;

[smartcode_project_cta:default project_id=9099]

Each of the ten house-sized apartments and two luxury penthouses has been thoughtfully designed to redefine the concept of multi-residential living

Beulah's Provenance offers ready-to-move-in apartments in the heart of Camberwell

Parramatta, a thriving suburb of Sydney, is set to reach new heights with the completion of its tallest residential tower.

Rising 67 levels, Meriton's 180 George will offer extensive views across Sydney through its glass facade.

The development promises to redefine riverfront living in Parramatta, with the tower's strategic location, or the corner of Charles and George streets, providing residents with convenient access to essential services and transportation options, such as the newly upgraded Parramatta Wharf, Parramatta Train Station, future Light Rail, and Metro West stations.

[smartcode_project:default project_id=8590 project_image_fid=205055]

Additionally, prominent institutions like the University of Western Sydney (UWS) and Westfield are mere meters away, ensuring an unparalleled urban lifestyle.

Beyond its prime location, 180 George offers an array of desirable features that cater to the needs and desires of its residents.

Anchored by an on-site Woolworths supermarket, the tower also houses two riverfront restaurants, Hunter &amp; Barrel and Italian Street Kitchen, and a 75-place childcare centre.

The building showcases a collection of spacious residences ranging from the largest one-bedroom units to multipurpose rooms, two-bedroom, three-bedroom, and four-bedroom apartments. Many units enjoy the convenience of direct lift access to secure underground parking and separate lock-up storage, a rarity in Sydney's competitive apartment market.

[smartcode_project:default project_id=8590 project_image_fid=205059]

The development also boasts a range of amenities and facilities. The tower features a 20-metre indoor pool, a fully equipped gym, a sauna, and a spa, offering residents the opportunity to relax and unwind.

The sprawling 1200 sqm podium gardens house a 20-metre outdoor pool and barbecue facility, while there's also a co-working hub for remote work, complete with high-speed internet, individual workstations and team meeting facilities.&nbsp;

The safety and convenience of residents are prioritised through the implementation of My Parcel Locker systems, ensuring secure delivery of all items.The tower also includes three visitor/electric vehicle pay-as-you-go charging spaces, free bicycle and motorcycle parking, as well as a dedicated on-site building manager and after-hours security.&nbsp;

Prospective buyers can take advantage of Meriton Property Finance's offer, a three-year fixed interest rate at 5.5 per cent (terms and conditions apply).

Up to 90 per cent of the purchase price can be financed without requiring a valuation. Loans are pre-approved before purchasing, providing buyers with the assurance of guaranteed finance upon completion. For investors, a tenant is guaranteed on settlement, ensuring a hassle-free and seamless experience.

[smartcode_project_cta:default project_id=8590]

Rising 67 levels, Meriton's 180 George will offer extensive views across Sydney through its glass facade

Parramatta's skyline transformed by tallest residential tower

Gold Coast developer S&amp;S Projects, Paul Gedeoun's development company which&nbsp;is reshaping Rainbow Bay with two striking apartment developments currently under construction and one recently completed, is set to bring a fourth project to the coastal hotspot.

S&amp;S has lodged plans with the <a href="/developments/gold-coast-qld?sort=">Gold Coast</a> City Council for <a href="/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, a 13-level tower with just 33 apartments at 271 Boundary Street, toward the eastern end of the sought-after street just a stone's throw from the famous Point Danger headland.

The $140 million development will follow the recently completed&nbsp;$90 million Flow residences, the sold-out $48 million Awaken which is adjacent to the new project, and $140 million <a href="/new-apartments/esprit-217-227-boundary-street-coolangatta">Esprit</a>. The latter of the two projects are currently being built.

“Our confidence in the southern Gold Coast market has never been stronger, especially at Rainbow Bay which epitomises the sophisticated beach lifestyle overlooking the region’s world-famous surf breaks and close to the vibrant heart of Coolangatta,” said Gedoun.

“Our latest project in this highly sought-after precinct is inspired by the success of our previous developments and has been designed to meet the demand we continue to experience for luxury residences in this special part of the Coast.”

<a href="/developers/ss-projects">S&amp;S Projects</a> has enlisted award-winning firm Cottee Parker Architects, the design partner for all of its Rainbow Bay developments, to create a building that responds to its laid-back coastal location, while offering generous views and privacy for residents.

The building will feature a luxury subtropical design achieved through light building materials, deep recesses and vegetation throughout built form.

<img alt="S&amp;S Projects" data-entity-type="file" data-entity-uuid="95d7a993-9ce6-41b7-a689-f0239c2c41d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-08%20at%208.48.28%20am.png?VersionId=xmpu.5_JuWgOWvlf4RJpNDKqOqQ.HshM" />

The boutique development will comprise eight two-bedroom apartments and 17 three- bedroom apartments, topped off by eight three-bedroom penthouses and sub-penthouses on the upper levels.

The residences will each offer generous floor plans ranging from 100 sqm to 174 sqm for the two-bedroom apartments, including balconies.

Three-bedroom residences will have living areas from 172 sqm to 255 sqm, including balconies, while sub-penthouses offer expansive spaces of between 333 sqm and 340 sqm.

Levels 11 and 12 of the development will house two sprawling penthouses of 504 sqm and 569 sqm each, including balconies, while offering spectacular coastal views high on the hill at Rainbow Bay.

Residents also will enjoy a host of amenities including a ground-floor recreation area comprising a swimming pool, outdoor dining and barbecue area, communal private dining, kitchen and wine tasting rooms, a business centre meeting room, a wellness centre and gym.

The development is located a short stroll to Rainbow Bay, Greenmount Beach and Coolangatta Beach, home to the southern Gold Coast’s thriving café culture and extensive retail facilities.

Jayde Pezet of Pezet Matheson, which has successfully marketed the three S&amp;S projects, said there was an over-subscription of buyers for luxury product in Rainbow Bay.

“We’ve had interested parties who were not able to get into Paul’s first three projects that are waiting for more quality new product to enter the market,” Pezet said.

“S&amp;S Projects has introduced a quality of product never seen before at Rainbow Bay and there is still very strong interest in luxury end user focussed product in the area.

“On that basis we’re very keen to get this project to the market subject to council approval.”

Pezet says, pending council approvals, they are anticipating an official launch by the end of this year.

Gedeoun's luxury projects, Flow and Awaken, have set a luxury and price benchmark for the southern Gold Coast which has seen affluent buyers flock to what is regarded as one of Australia’s premier north facing beaches overlooking the world famous Snapper Rocks.

Flow apartments achieved an average price record of $3.5 million per apartment while Awaken’s penthouse sold for $9 million and is heading for completion later this year.

S&S Projects has enlisted award-winning firm Cottee Parker Architects, the design partner for all of its Rainbow Bay developments, to create a building that responds to its laid-back coastal location

S&S Projects file for fourth Rainbow Bay apartment project, Radia Rainbow Bay

Rivea, the first tower in the Gold Coast by the Melbourne-based developer Auriton Group, has been designed by national architecture firm Rothelowman to incorporate the prime waterfront site it sits on.

The infinity pool, one of a number of resort-style amenities in the project of 102 apartments, has been positioned to almost float over the Nerang River.

[smartcode_project:default project_id=100371 project_image_fid=194521]

The leisure and wellness facilities continue within the 30-level tower. There's a well-equipped gym and yoga studio with panoramic ocean views, as well as a sauna. There's surfboard lock-up, and a private residents' boat pontoon.

The apartments have been designed to embrace corner aspects, allowing residents to capture ever changing postcard views of the ocean, river, and hinterland, with the project offering a range of&nbsp;living options to suit various buyers and budgets.

[smartcode_project:default project_id=100371 project_image_fid=194520]

The well-appointed two-bedroom apartments are perfect for young professionals seeking a prestigious address with resort-style facilities, while the spacious three-bedroom residences cater to upgraders or downsizers.

For those desiring extra space, two luxurious three-bedroom plus study sub-penthouses are available, featuring entertainer's kitchens with butler's pantries and unparalleled views.

There's also an exclusive four-bedroom plus study penthouse awaits, offering 360-degree panoramas and an exclusive river pontoon.

[smartcode_project:default project_id=100371 project_image_fid=194515]

Rivea also understands the importance of resident peace of mind and offers on-site management, with the secure building designed for low-maintenance owner-occupier enjoyment.

Rivea is located&nbsp;between the vibrant Surfers Paradise and Broadbeach and offers residents easy access to world-famous patrolled beaches and the convenient G: Link light rail.

[smartcode_project_cta:default project_id=100371]

The infinity pool, one of a number of resort-style amenities in the project of 102 apartments, has been positioned to almost float over the Nerang River

Rivea: The Rothelowman-designed tower in the heart of Surfers Paradise

Pace Development Group has completed two of Melbourne’s largest staged projects as the marketplace surges for affordable housing.

The end-to-end developer has delivered its Sunshine North project Pace of Sunshine North, and their popular Blackburn mixed-use development, Pace of Blackburn, in a market plagued by rising interest rates and high construction costs.

Pace secured a settlement rate of 97 per cent across the two projects, and a 99 per cent valuation success.

Pace Development Group Sales and Marketing Director Ash Bramich says that despite negative media coverage on house prices, the opposite is occurring on quality projects throughout Melbourne.

"Final developer stock released upon completion at Blackburn is now selling at 10 per cent higher than the off-the-plan price list, while a recent Sunshine townhouse sold for $60,000 above its original sale price," Bramich says.

<img alt="Pace of Sunshine North" data-entity-type="file" data-entity-uuid="7631ee97-343e-4cc7-93aa-da9c4d5afe66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-07%20at%203.54.07%20pm.png?VersionId=isGzWpXdm9a5ca0cLgrmCk_17Gd4vy0P" /> 
The completed townhouses at Pace of Sunshine North. Image supplied

In May, Pace of Blackburn settled its final stage of 126 apartments – of a total 288 residences in the project – after the completion of its third and fourth buildings.

Across the city, Pace of Sunshine North saw the last stage of 36 townhouses complete, bringing the total number of residences to 376 on a project that started five years ago.

With escalating building costs driving a 5-20 per cent increase in the price of future projects, bank valuers are acknowledging the affordability of current stock versus upcoming developments.

Many existing Melbourne apartments are now returning in excess of five per cent gross – a figure that hasn’t been seen for over 20 years. A looming undersupply of housing, coupled with rising migration, rent, and the return of first-home buyers, supports this evaluation.

This sentiment is reflected at Pace of Blackburn where 18 apartments were leased within three days of settlement.

<img alt="Pace of Blackburn" data-entity-type="file" data-entity-uuid="1c4dd9ab-864c-491e-9af1-ff2f3a0d4090" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-07%20at%204.12.25%20pm.png?VersionId=PjT8z8U0tJtLRsHRSvqLe2X5xlr6tZdT" /> 
A completed kitchen in Pace of Blackburn. Image supplied

The project overcame many of the challenges that faced the property and development industries at the time. Despite site restrictions, reduced labour, material and supply chain shortages, Pace Development Group remained resilient, adaptable and effective, delivering its largest apartment project on record.

Pace of Blackburn’s completion follows record sales at The Darley, where a three-bedroom&nbsp;apartment recently sold for $3.626 million, equating to $18,500 per sqm, surpassing a rate per sqm typically found in sought-after suburbs like Fitzroy or South Yarra.

The project, currently under construction within the historic grounds of Flemington Racecourse, supports a strong demand for off-the-plan residences with promising projected returns.

Pace have completed over 100 projects across Melbourne in the last three decades.

Pace secured a settlement rate of 97 per cent across the two projects, and a 99 per cent valuation success

Pace completes two of Melbourne’s largest staged projects as demand surges for affordable housing

Construction is well underway at Oz Property Group's latest project, which promises to redefine sustainable living in Melbourne.

Kingloch Parade, awarded the Best Sustainable Development in Australia at the 2022 International Property Awards, aims to provide residents with a future-proof, eco-friendly, and socially engaging community experience.

With 11 distinct styles of mid-century modern homes, townhouses, and terraces to choose from, Kingloch Parade offers a plethora of options for potential homeowners.

[smartcode_project:default project_id=90532 project_image_fid=183095]

Designed by the acclaimed DKO &amp; SLAB, the development exudes a sense of style and elegance that is complemented by its commitment to sustainability.

Each home has achieved a 7 Star NatHERS rating and BESS Design Excellence, guaranteeing an incredibly energy-efficient and environmentally conscious living space. In a bid to eliminate reliance on fossil fuels, every property is 100 per cent electric and fossil fuel-free.

To further enhance the eco-friendly nature of the homes, solar panels are included with each property, harnessing the power of the sun to reduce reliance on traditional energy sources. This commitment to renewable energy not only helps protect the environment but also ensures long-term cost savings for homeowners.

In addition to its sustainable features and idyllic setting, Kingloch Parade presents an affordable option for families across Victoria seeking to upgrade to a modern, eco-conscious home.&nbsp;

[smartcode_project:default project_id=90532 project_image_fid=183091]

Kingloch Parade also offers an array of communal amenities that foster a sense of community. Residents will enjoy a communal barbecue area, vegetable gardens, a nature play zone, a basketball hoop, and even a cricket pitch.

The interior of each property boasts high ceilings and light-filled spaces, in addition to the integration of the latest appliances from SMEG.

Nestled in one of Melbourne's leafiest areas, away from busy main roads, the development offers residents a tranquil and serene living environment.

Kingloch is conveniently situated within a short walk to local parklands and sporting grounds, providing ample opportunities for outdoor activities and recreation.

Two, three, four and five-bedroom townhouses are still available, with prices starting from&nbsp;$879,000. Oz Property are hoping to be welcoming residents by Q3 2024.

[smartcode_project_cta:default project_id=90532]

With 11 distinct styles of mid-century modern homes, townhouses, and terraces to choose from, Kingloch Parade offers a plethora of options for potential homeowners

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