<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?

The Brisbane property market continues to rebound from its double-digit losses across 2022 and early 2023.

Only the Queensland capital and Perth recorded dwelling value gains of over one per cent (1.4 per cent) across May, according to the latest Home Value Index by property data analytics firm CoreLogic. Brisbane values are now -9.4 per cent below their June 2022 peak.

House values in Brisbane rose by 1.5 per cent to be -9.3 per cent down over the last 12 months.

Units, which incorporates both apartments and townhouses, have faired better during the property market downturn. Their 1.1 per cent value jump in May means they are now 1.4 per cent up over the last 12 months and two per cent since the start of 2023.

The median unit value in Brisbane is now $504,000.

<h2>What's happening in the Brisbane off the plan apartment market?</h2>

There's still a significant undersupply of quality stock across Brisbane. With few new projects launching, sales successes are being achieved across the small selection of apartments on offer.

In their first foray into the Brisbane market, diversified national developer Goldfields has just announced it's already sold half of the apartments in 33 Manning, their Rothelowman-designed tower in Milton.

[smartcode_project:default project_id=108736 project_image_fid=209694]

They've transacted over $14 million worth of sales in the last 10 days alone.

Goldfields CEO Lachlan Thompson says that while demand has been robust from the outset, they've noticed increased buyer sentiment in the past month, with people becoming more confident in making a decision to purchase.

"Buyers obviously need confidence in the developer; however they’re becoming increasingly informed about the instability in the construction sector," Thompson says.

"We’ve found buyers are now placing a premium on builder reputation to ensure certainty on the project outcome and a high quality finish."

[smartcode_project:default project_id=108736 project_image_fid=209941]

The majority of buyers at 33 Manning have been local owner-occupiers who already know and love the area, however Thompson says recently they are seeing the re-emergence of first home buyers seeing what is ahead for values across Queensland.

Consolidated Properties Group have had similar success at their recently launched Monarch Residences in Toowong.

They've sold over 100 apartments in sales having only launched just a few months ago.

[smartcode_project:default project_id=113455 project_image_fid=211497]

Consolidated Properties Group Head of Residential James MacGinley says there's more activity at the top end of the market in recent years, and the price range for luxury property has become broader.

"Monarch Residences project in Toowong has an average price point of $1.9 million and we’ve sold over 100 apartments in the two months since launch, including nine apartments priced at more than $4 million," MacGinley says.

There's been strong early interest for the 11 penthouses which Consolidated have just launched. They range in price from&nbsp;&nbsp;$4.15 million through to $12 million.

[smartcode_project:default project_id=113455 project_image_fid=212794]

MacGinley says the key to selling in the current market is really understanding the buyer demographic.

"At Monarch Residences, we have split our penthouse collection between the top floors and the lower level along the riverfront.

"This decision was made to appeal to two distinct groups of buyers - those wanting a traditional penthouse with horizon views, and those looking for a ‘river home’ with the benefits of apartment living.

"This market-led approach to design is something we employ across all of our residential projects which ultimately underpins sales success.”

Melbourne and Brisbane developer Kokoda property is pushing it's foot down on the Brisbane market. In May they paid a record $100 million for a <a href="/news/qld/kokoda-snare-last-remaining-riverfront-in-teneriffe-for-mixed-use-development">17,600 sqm site on the waterfront in Teneriffe</a>, the last remaining riverfront site in the affluent suburb.

They're planning a huge $1.75 billion mixed-use precinct on the Skyring Terrace block. They've also <a href="/news/qld/first-look-kokoda-file-plans-for-latest-milton-apartment-tower-ruby-ruby">recently submitted plans for a Cottee Parker-designed tower</a> in Milton, near their recently completed The Ambrose by Kokoda, where just the penthouse collection remains.

[smartcode_project:default project_id=6313 project_image_fid=208660]

Kokoda Property Founder and Managing Director Mark Stevens says buyer sentiment remains strong within the Brisbane market due to tightening supply across the country.

"Brisbane, in particular, has witnessed an influx of interstate and student migration, resulting in a significant shortage of houses on the market.

"This current climate signals a fantastic investment opportunity not only for developers launching new projects, but also in support of the great yields that properties are achieving for both investors and owner occupiers between 2019–2023."

Longtime Brisbane developer Gardner Vaughan Group are steadily selling down their current Brisbane projects, but at a controlled pace given the fluctuations in build costs throughout the construction phase.

Sam Gardner , Gardner Vaughan Group's Director of Finance and Sales, says there's a lot of fence sitters at the moment, in particular in the owner-occupier market.

"It’s not necessarily a case of a problem with the product, or the price, it’s a mixture of market pressures.

"Really, the biggest concern from buyers at the moment is; is the building going to get built, will it start, will it finish.

"Being a developer builder certainly helps, and this is why we really focus on our sod turning ceremonies, one of which is coming up at our Stones Corner project.

"Other feedback is of course the interest rate rises which has hampered how much people can borrow. People have too many reasons to not make a decision at the moment, but that will change as demand further outstrips supply.”

Read last month's City Beat May 2023 report <a href="/news/qld/city-beat-may-2023-brisbane-unit-markets-continue-growth-trajectory-as-supply-tightens">here</a>.

There's still a significant undersupply of quality stock across Brisbane. With few new projects launching, sales successes are being achieved across the small selection of apartments on offer

City Beat June 2023: Brisbane's tight supply drives off the plan apartment sales 

Drawing on the success of revered Sydney projects such as Advanx and Advanx Eastin, Rushcutters Bay, and Whitton Lane and Vue in Bondi Junction, Lindsay Bennelong Developments has brought together a team of award-winning leaders in their respective fields to collaboratively bring together their inspiring vision for their latest residential release.

Multi-award winning Australian architecture firm, Allen Jack+Cottier designed both the exterior and interior of Delano, which comprises three boutique low-rise buildings that&nbsp;gradually transition in scale and height from the nearby residential area, to the lively and energetic Crows Nest town centre.

[smartcode_project:default project_id=134072 project_image_fid=212757]

Set amid private landscaped gardens, Delano offers a collection of one, two and three-bedroom apartments, some with studies, along with seven townhomes fronting Hayberry Lane. The distinct curvature and detail of the façade, with its contrasting tones of steel and face brickwork, adds to the project's timeless design that ties in with the surrounding context, whilst still maintaining a contemporary feel.

The apartments and townhomes boast of Art Deco-inspired elements that are seamlessly woven into the design, with natural stone, metallic touches, and decorative flourishes to create a sense of harmony and refinement throughout the spaces.

The kitchens form the heart of each home, with top-quality Miele appliances, natural stone benchtops and splashbacks, balanced by cabinetry in complimenting tones. The living areas, with their generous free-flowing spaces and floor-to-ceiling glass, are oriented to capture sunlight, creating the perfect environment in which to entertain, while the bedrooms feature plush broadloom carpets, adding to the apartments' luxurious feel.

The bathrooms are characterised by clean lines, uncluttered spaces and considered finishes. High quality porcelain tiles run floor to ceiling, complemented by Studio Bagno vanity basins and Astrawalker brushed platinum tapware. Thoughtful details such as finger-tile mosaic feature walls, natural stone vanity tops, and tall cabinets featuring textured scalloped door panels add depth and contrast to the spaces.

[smartcode_project:default project_id=134072 project_image_fid=212763]

The seven three-storey three-bedroom townhomes, set behind landscaped private front gardens, feature free-flowing living areas encompassed by marble island kitchens, while the upper level is devoted to a secluded master suite opening to a private balcony. The rear courtyards open to a communal garden, which provides ambient additional space for alfresco entertaining.&nbsp;

With teams across Australia, China and South East Asia, Place Design Group handled the landscape architecture across the project , which at the heart of Delano, provides a green backdrop to the residences, with manicured lawns, jacaranda trees, for which the area is renowned for, as well shady pergola seating areas and barbecue stations scattered around.

[smartcode_project_cta:default project_id=134072]

Delano apartments pay homage to their Crows Nest context 

The display suite at the $250 million Masthead Ocean Club, a project with connections to the Royal family, opened with a bang last week, with every buyer promised a BMW electric car.

Masthead is being developed in partnership by Australian businessman Rory O'Brien and Banda, a world-leading interior design studio and development business founded by Edo Mapelli Mozzi, husband of Princess Beatrice.

The luxury display suite features a full scale all marble kitchen imported from Italy as well as a dynamic and interactive fully detailed apartment walkthrough utilising the latest gaming technology.

[smartcode_project:default project_id=134759 project_image_fid=211819]

"We are thrilled to be officially showcasing the most exclusive residential offering in Australia," O’Brien said.&nbsp;

"Masthead Ocean Club represents a new pinnacle of luxury living on the Gold Coast. We have spared no expense in creating an exclusive haven that combines breath-taking design, impeccable craftsmanship, and world-class amenities.

“Our partnership with Banda brings a unique blend of sophistication and elegance to Masthead. With their expertise in interior design and development, we have curated a living experience that exceeds expectations and redefines luxury.

“We look forward to welcoming our guests and giving them a taste of the luxurious seven star lifestyle that awaits at Masthead Ocean Club."

[smartcode_project:default project_id=134759 project_image_fid=211827]

Once complete, Masthead will comprise an boutique collection of 28 whole floor apartments capturing sweeping, protected views of the Pacific Ocean, Broadwater, and Hinterland.

Melbourne based Mim Design has been engaged to design Masthead’s 20 luxury apartments, whilst Banda will be designing the five sky homes, two sub-penthouses and the one quad-level super penthouse.

Each whole floor apartment will provide 317 sqm of living space, with picturesque views from every room, as well as private direct and secure lift access, double garaging, and state-of-the-art technology.

Masthead will also see the delivery of one of the world’s most elite in-house residents’ only club providing an ultra-luxe comprehensive amenities range, to be known as ‘The Ocean Club’.

With membership only accessible via a Masthead apartment purchase, The Ocean Club will encompass premium in-home facilities including a sophisticated wine and champagne lounge, a whiskey lounge, the Index Cigar lounge, private dining space, coffee bar, a library and business meeting areas.

[smartcode_project:default project_id=134759 project_image_fid=211817]

Residents will have 24/7 access to a health and wellness club where they can rejuvenate in a wet edge pool, spa, steam room and sauna, while fitness enthusiasts can relish in a state-of- the-art world class gym and unwind in yoga and Pilates studios.

Members will also receive additional benefits from luxury brands including Chairman’s Club membership to Levantine Hill Winery in The Yarra Valley, participation in Newgate’s 2023 racing&nbsp;syndicate, which will also include attendance at select race days in Newgate’s own suite at Randwick Racecourse, and a complimentary new BMW electric car.

Setting a new benchmark for luxury living in Main Beach, Masthead Ocean Club residences are priced from $5.9 million.

[smartcode_project_cta:default project_id=134759]

The luxury display suite features a full scale all marble kitchen imported from Italy as well as a dynamic and interactive fully detailed apartment walkthrough utilising the latest gaming technology

UK Royal's $250 million Masthead Ocean Club display suite officially opens 

Mirvac has officially launched Trielle, it's last residential tower in their $1.4 billion Yarra's Edge masterplan precinct on the Docklands waterfront.

A hundred gathered on a sunny day at the Trielle Display Galleria at 16 Point Park Crescent, where prospective buyers were greeted with tantalising electro-acoustic harp-music and champagne as they entered the crystalline façade of the Trielle Display Galleria on the day of its long-awaited Grand Opening.

Guests were treated with cooking demonstrations by Emma Rosen on the sub-penthouse Bora induction cook top with downdraught exhaust, an example of Mirvac Design's detail in Trielle's highly sculptural kitchens.

<a data-entity-type="file" data-entity-uuid="8f060fa8-0d92-4096-b598-169324f63c1a" href="/new-apartments/trielle-at-yarras-edge-docklands-16-point-park-crescent-docklands"><img alt="Mirvac Trielle" data-entity-type="file" data-entity-uuid="8f060fa8-0d92-4096-b598-169324f63c1a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-05%20at%208.59.49%20am.png?VersionId=jKdsKYYP2P4R3AsHDMHbQ4upWrO4UJ5W" /></a>

Mirvac's Senior Development Manager, Tim Noakes, spoke to the history of the award-winning Yarra’s Edge community, which has been developed by Mirvac for over 20 years, and now boasts over 3,000 residents who call it home.

High-end designer furniture firm Mobilia, good friend and partner of Vogue Living who were involved in the curation of iconic furniture for the Display Galleria, delivered an inspiring masterclass on the design legends past and present such as Patricia Urquiola and Mario Bellini and their timeless furniture that have completed the vision that Mirvac's in-house design had for the Display Galleria experience.

<a data-entity-type="file" data-entity-uuid="78c93b6d-1ef1-4757-8784-caff5e5ed1d2" href="/new-apartments/trielle-at-yarras-edge-docklands-16-point-park-crescent-docklands"><img alt="Mirvac Trielle" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-05%20at%209.10.55%20am.png?VersionId=yid4EFM36AGcMZmBdfyE_IxmjcIlDcnP" /></a>

Trielle will be the tallest tower in Yarra's Edge when it's completed, standing 45 levels tall just 12.5 metres from the Yarra River.

The building is broken down into four different apartment classifications, the Signature, Prestige, Sub Penthouse Collection with the extraordinary Black and White Diamond Penthouses soon to debut.

Trielle will feature the most abundant amenity Mirvac have offered in Yarra's Edge. Arguably it's the most the 51-year old developer has ever offered in any project.

Residents will have access to a library and work pods, The Saletta Business Lounge, The Salone Piano Lounge with self-playing piano with adjoining Chef’s Kitchen, Games room and Teppanyaki bar, Theatre, and a Golf Simulator.

[smartcode_project:default project_id=114216 project_image_fid=211523]

There's also the Oasis Retreat, complete with urban rainforest garden, a Scandinavian-inspired wellness centre, 25-metre pool, magnesium pool, spa, sauna, cold-pailing and treatment rooms.

Mirvac's extensive Display Galleria also feature custom gem and diamond-cut Apaiser bathtubs and basins, with a Signature and Sub Penthouse Collection kitchen and bathroom on display.

Apartments in Trielle start from $680,000 for a one-bedroom apartment, with parking based on apartment 8.06 . The two-bed apartments start from $1.12M based on Apartment 2.01.

[smartcode_project_cta:default project_id=114216]

A hundred gathered on a sunny day at the Trielle Display Galleria at 16 Point Park Crescent, in Melbourne’s Docklands where prospective buyers were greeted with tantalising electro-acoustic harp-music and champagne as they entered the crystalline façade of the Trielle Display Galleria on the day of its long-awaited Grand Opening.


Mirvac launches Trielle at busy weekend display opening

The construction phase has commenced at LDS Property's Glen Iris apartments, GALERIE.&nbsp;

The group appointed award-winning construction firm Iurada to build the project, with works across the site slated for completion in late 2024.&nbsp;

The commencement of construction will only drive buyer demand higher. Already over 40 per cent of the apartments in GALERIE already have sold.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=213651]

Projects by Buxton, who are handling the sales of the project, broke the Glen Iris record for an apartment earlier this year, selling an amalgamation of two penthouses off-the-plan for around $4 million, highlighting the demand for high-end apartments within the area.&nbsp;

Read more:&nbsp;<a href="/news/vic/glen-iris-apartment-price-record-smashed-with-galerie-penthouse-sale-just-shy-of-4-million">Glen Iris apartment price record smashed with Galerie penthouse sale just shy of $4 million</a>

There's only two and three-bedroom apartments left in Galerie. All of the one-bedroom apartments are spoken for.

Ewert Leaf, in collaboration with John Patrick, were tasked with handling the designs across the development, with the remaining two and three-bedders afforded private courtyards and terraces, situated in an elevated position benefitting from leafy views.&nbsp;

[smartcode_project:default project_id=112375 project_image_fid=213657]

The apartments feature generous open-plan living areas, complimented with oak timber flooring, with the kitchens designed to be an entertainer's delight, boasting&nbsp;natural stone benchtops and&nbsp;built-in Asko appliances, including an integrated fridge, dishwasher and range-hood.&nbsp;

The remaining floorplans span from&nbsp;105 sqm through to&nbsp;189 sqm, with each including two bathrooms and either one or two car spaces.&nbsp;

[smartcode_project_cta:default project_id=112375]

The commencement of construction will only drive buyer demand higher. Already over 40 per cent of the apartments in GALERIE already have sold

Construction commences at Galerie, Glen Iris apartment development

The vibrant coastal town of Caloundra in Queensland's Sunshine Coast is experiencing a surge in popularity thanks to the revitalisation of its CBD and the upcoming 2032 Olympic and Paralympic Games.

And in good stead to take advantage of the transformation stands Ocean Rise, a boutique collection of just 14 residences that seamlessly blend seaside living with luxury.

Situated a mere four-minute walk from the shoreline of Kings Beach, Ocean Rise offers sweeping coastal views in every direction. From Bribie Island to Moreton Island and all the way up to Point Cartwright, the residences provide an unparalleled vantage point to soak in the beauty of the Australian coast.

[smartcode_project:default project_id=112638 project_image_fid=195931]

Caloundra CBD's ongoing revitalisation project is set to reshape the southern end of the Sunshine Coast.

Ocean Rise will sit within a short drive or less than a 15-minute walk to Caloundra's main street, where residents will have easy access to a range of streetscaping and placemaking upgrades, in addition to plans to create a vibrant hub for arts, community, and creativity, ensuring that the cultural scene comes alive in the coastal town.

Beyond the beaches, Ocean Rise also offers proximity to natural wonders with the internationally-renowned Glass House Mountains a 30-minute drive away, while the hinterland towns of Maleny and Montville or even Brisbane aren't too far away. The Sunshine Coast International Airport is also just 30 minutes away.

What sets Ocean Rise apart is its unique positioning in relation to the 2032 Olympic and Paralympic Games. As South East Queensland gears up to host the world's largest sporting event, a public rail transport system is anticipated to directly link Caloundra. This will make it effortless for residents to travel north or south and be part of the Olympic action.&nbsp;

The architectural design of Ocean Rise harmonises with its coastal surroundings, boasting a facade that seamlessly blends neutral earthy tones with timber and stone features.

[smartcode_project:default project_id=112638 project_image_fid=195935]

Residents will benefit from a grand entrance that leads to the secure underground carpark, while there's also an array of curated outdoor spaces, including a pool and seating areas.

In a region where large floor spaces coupled with ocean views are a rarity, Ocean Rise's 14 apartments boasts a spacious open living area with a high-specification entertainer's kitchen, complete with stone benchtops that feature waterfall edges.

Most of the apartments are blessed with large windows and expansive views, while the attention to detail extends to the layout of the balcony and lounge, maximising the outlooks and providing unobstructed views as far as the eye can see.

Ocean Rise has already seen swift interest, with the ground floor two-bedroom apartment already sold and only a limited collection of three-bedroom floorplans remaining.&nbsp;

[smartcode_project_cta:default project_id=112638]

Ocean Rise: Where seaside lifestyle meets luxury in Kings Beach

It seems like only a few years ago Chevron Island wasn't on the map for apartment developers.

The charming village just a bridge away from Surfers Paradise was home to an ageing population, and ageing buildings. Most of the apartment buildings were four or five decades old.

Fast forward to 2023, and it's one of the most popular spots for both buyers and developers in the centra Gold Coast area.

The Sydney-based Macquarie York were one of the first developers to descend on the island under its new transformation. They're also currently developing Nina.

Siera Group are currently preparing construction at Tapestry at 39 Darrambal Street, while Aniko are over 60 per cent sold at Orama, their first development on the island.

There's also the huge Bensons tower, Chevron One, which is the tallest tower on the island at 41 levels. That will home some of the most expensive apartments not only on Chevron Island, but across the whole of the Gold Coast.

[smartcode_project:default project_id=6515 project_image_fid=68834]

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail.

GV Property Group's Antonio Mercuri and Luke Reaby have listed the site, with concept plans drawn up by Plus Architecture's Danny Juric for a 17-level tower with 167 apartments and rooftop recreation. There would be a mix of 92 two-bedroom apartments and 73 three-bedders.

The development, which is located in a zone with an unlimited height limit, will benefit from protected view corridors over the surrounding Nerang River and to Surfers Paradise, given the strict nine-level height limit near the water.

<img alt="Chevron Island" data-entity-type="file" data-entity-uuid="8111e2fb-2452-410b-b9f5-32594b4b0a5d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-02%20at%209.07.47%20am.png?VersionId=oehSxOfqO0ayt54R2dgohQj1pWQHWcFy" />

MOTIV Director Carly Cottam, who has offered revenue advice for the project, suggests Chevron Island is an attractive proposition for buyers.

"Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail.&nbsp; There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

"As we know, supply of new apartments is drastically falling, however demand remains incredibly solid and due to this, we expect apartment prices to continue to increase if supply becomes more critical," Cottam says.

“We’re still seeing a significant proportion of demand from interstate buyers, mostly from NSW and VIC, however the first to act are our Gold Coast and Brisbane buyers as they are fully aware of the limited opportunities at present.”

“Demand for luxurious apartments that offer the luxury-intent investor and owner-occupier a low-maintenance, beachside lifestyle continues to dominate. Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail. There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

GV Property Group's Luke Reaby says, while demand from developers has scaled back from its COVID peak, there's still plenty of interest up and down the Gold Coast, particularly from Sydney and Melbourne developers who aren't getting much luck with councils in their own states.

"We're also seeing some of the big name developers come out and buy, which is a strong sign of confidence in the future of the residential sector.

"As the competition is not as fierce as it was, we are seeing both vendors and developers look at more structured deals, with longer settlement terms the most common."

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail

Opportunity knocks for Gold Coast developers with prime Chevron Island site listing

In the vibrant neighbourhood of Fitzroy, a new development is set to stand tall, designed to reflect the character of the area.

Jarrah Property are behind&nbsp;82 Westgarth Street, which will comprise a collection of 18 apartments and just two townhouses, seamlessly combining sustainability and luxury design.

The group recently released the final two residences in the development, with one three-bedroom sub penthouses, along with one three-bedroom penthouse.&nbsp;

[smartcode_project:default project_id=27897 project_image_fid=172203]

The sub penthouse will provide unobstructed northerly aspects, along with off-street parking for two vehicles, while the penthouse will deliver CBD-facing vistas, along with two car spaces.&nbsp;

The creative minds behind this architectural masterpiece are none other than Walter&amp;Walter, led by&nbsp;Andrew and Michelle Walter,&nbsp;who approached the project with an understanding of the relationships between tradition, culture, sustainability, and context.

"It’s about taking your time to design a thoughtful and considered piece of architecture. This project is going beyond the functional and sustainability beneﬁts to create a place people will enjoy inhabiting on both a pragmatic and emotional level," said Walter.

Each of the apartments and townhouses offer the same level of high-quality finishes and attention to detail, combining a blend of form and function, with two distinct colour schemes, dark and light, donning the interiors.

[smartcode_project:default project_id=27897 project_image_fid=172205]

82 Westgarth Street boasts a 7-star NatHERS rating, with 100 per cent cross ventilation achieved across each residences, along with a net-zero carbon rating.

Achieving cross flow ventilation is made possible through an innovative design choice - an open-air internal laneway that acts as the corridor connecting each apartment. This feature not only enhances the aesthetic appeal but also serves a practical purpose. On hotter days, it facilitates the cooling of indoor spaces, while at all times, it allows fresh air to circulate efficiently, filling each home with a refreshing ambiance.

Completion on the Fitzroy project is slated for completion in the coming months, with Castran marketing the development.

[smartcode_project_cta:default project_id=27897]

Final release penthouses at 82 Westgarth Street

Local Melbourne developer Cornus is taking the environmentally-conscious approach to their build at Cornus Oakleigh.

During the building process, Cornus will recycle their waste material and use low VOC building materials including sustainable timber.

Cornus Oakleigh will have a 6-star energy rating. It will feature a high-level of&nbsp;insulation in the walls and windows, as well as double glazing windows, which will not only act as a soundproof barrier, but will also provide a cost efficient way to minimise the need for heating and cooling.&nbsp;

Floor to ceiling windows will enhance natural ventilation and natural light,&nbsp;while the landscape design of the site utilises drought resistant planting along with smart sensors throughout the common areas, to minimise the building’s energy use.&nbsp;

[smartcode_project:default project_id=104750 project_image_fid=208038]

&nbsp;

Cornus Oakleigh also draws design inspiration from the vibrant atmosphere that characterises Oakleigh.

The apartments will be overlooking Caloola reserve and are only metres away from the Oakleigh Tennis Courts and Scotchmans Creek Reserve.

[smartcode_project:default project_id=104750 project_image_fid=185066]

Located within close proximity to the community's best offerings, residents will enjoy the convenience of being near one of Melbourne's largest public transport hubs, ensuring easy access to the city and beyond. Additionally, the Monash Freeway and Dandenong Highway are just a two-minute drive away, further enhancing connectivity.

Oakleigh's rich cultural heritage, rooted in its multiculturalism, adds to the allure of the area. With Cornus Oakleigh situated in the heart of the suburb, residents will be just moments from Eaton Mall, known as Melbourne's Greek capital, which is home to a diverse shopping and dining experience.

There are still one, two and three-bedroom apartments remaining, with prices for a one-bedder starting from $449,000.

The two-bedroom apartments start from&nbsp;$599,000, while the three-bedders include two car spaces, with prices from&nbsp;$765,000.&nbsp;

[smartcode_project_cta:default project_id=104750]

During the building process, Cornus will recycle their waste material and use low VOC building materials including sustainable timber

Cornus to build sustainably at Cornus Oakleigh

Brisbane developer builder,&nbsp;SAVVE Developments &amp; Construction, have ticked off a major milestone at their new Indooroopilly apartment project, The Audrey.

The Audrey, currently under construction on the tree-lined Clarence Road, has been met with keen buyer interest, with over 55 per cent of the 30 apartments already accounted for.

SAVVE Director,&nbsp;Sandro Alberti, told us their research showed that most buyers would be locals, within an eight kilometre radius, which has, so far, been the case.

"Being the builder and developer meant we were able to fully customise, not only the fit out of each apartment but also able to amalgamate two floor plans together to purposely design larger apartments, satisfying our client's desired outcomes," Alberti said.&nbsp;

[smartcode_project:default project_id=94824 project_image_fid=209991]

Designed with owner-occupiers in mind, the development offers a range of amenities that cater to both social and recreational pleasures, with the crowning rooftop terrace a highlight of the project. The space features a swimming pool, along with a number of sun lounges and cabanas, in addition to separate dining areas and barbecue facilities and a fire pit.&nbsp;

There's just 30 apartments set to be constructed within The Audrey, following a number of buyers amalgamating apartments. There's a strong mix of two, three and four-bedroom floorplans on offer in the Prospect Architecture-designed building.

"Of those buyers that decided to opt for larger residences, we have worked together with our architects and them to design magnificent four or five-bedroom apartments that cater for their customised interior preferences," Alberti added.

"With the addition of these unique larger residences within our boutique complex, we've reduced the number of apartments from 35 to now just 30".

The generously sized residences feature herringbone timber floors, which lead out to balconies that have been designed to encompass far reaching views of the surrounding area.&nbsp;

Each apartments is equipped with a laundry, along with an ensuite, media room, butler's pantry and expansive storage.&nbsp;

[smartcode_project:default project_id=94824 project_image_fid=209992]

The ground floor of the building will feature an elegant foyer lobby, setting a welcoming tone for residents and guests alike, along with a residents' library and a dedicated dog grooming and spa area.

Commercial tenancies will also take up shop across the ground floor of the site, with the two-storey addition set to include space for offices and food and beverage retailers.&nbsp;

The location of The Audrey puts residents in prime position to take in the best the riverside suburb has to offer, situated just moments away from an array of cafes, restaurants, world-class shopping, and golf courses. Residents will be within proximity to the Brisbane River's new boardwalk and Indooroopilly Shopping Centre, while also being nearby to the train station, which provides easy connection to the CBD which is located just seven kilometres away.&nbsp;

[smartcode_project_cta:default project_id=94824]

SAVVE Director, Sandro Alberti, told us their research showed that most buyers would be locals, within an eight kilometre radius, which has, so far, been the case

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