<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 design-led apartments 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.

[smartcode_project_cta:default project_id=509]

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.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

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.

[smartcode_project_cta:default project_id=146358]

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.

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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 the wake of the COVID-19 pandemic, Melbourne grappled with substantial economic repercussions and a prolonged period of stringent lockdown measures, surpassing any other global city.

In addition to a relentless sequence of interest rate hikes, coupled with a slump in consumer confidence, it painted a bleak picture.

However, prevailing indications now suggest that the Melbourne property market is on the cusp of a prolonged growth cycle.

Read more:&nbsp;<a href="/news/vic/city-beat-may-2023-prolonged-growth-cycle-for-melbournes-off-the-plan-apartment-market">City Beat May 2023: Prolonged growth cycle for Melbourne's off the plan apartment market?</a>

Heath Thompson, director at Projects by Buxton, recently told Urban that the next project, and the next, and the next, all have to be more expensive for the buyer, because both land and build costs are more expensive which impacts the developer's bottom-line.

A surge in buyer demand has been ignited by the recent signal from the RBA, indicating that the official cash rate is nearing its peak, which has many believing&nbsp; that Melbourne's property sector is primed for an imminent boom.

And with that comes the need for new housing options across the state. We've wrapped up the best apartments and townhouses in Metro Melbourne completing in 2024.

<h2>Project: Martin Brighton</h2>

<h2>Address: 129-135 Martin Street, Brighton VIC 3186</h2>

<h2>Developer: EBG Developments</h2>

Due to wrap construction in early 2024, Martin Brighton will be home to just 11 apartments once completed, with a mix of two and three-bedroom floorplans.&nbsp;

Richmond-based multi-residential builders have been constructing the development for EBG, with only a limited number of the bayside apartments remaining.&nbsp;

[smartcode_project:default project_id=5495 project_image_fid=190763]

Sitting at 40 per cent sold, the remaining residences are priced from $1.395 million, with the generously proportioned homes spanning from 103.85 sqm through to 141 sqm.&nbsp;

Buchan Group Architects designed Martin Brighton, with the interiors crafted by the renowned&nbsp;Miriam Fanning's MIM Design.

With a defined aesthetic, yet open to the stylistic interpretation from every buyer, the interiors interplay with contemporary forms, with the seamless indoor and outdoor living spaces offering aspects out over verdant planted balconies to the city and water.&nbsp;

[smartcode_project:default project_id=5495 project_image_fid=207664]

As a further incentive to entice buyers to the development, EBG discounted the deposit to just five per cent (half of the standard 10 per cent deposit across other projects), which will sit in a high interest account and earn seven per cent per annum, until the project is completed.

Downsizers have shown the most interest in the development so far, with the lifestyle Martin's location offers a major drawcard. Located on it's namesake street, Martin delivers the idyllic Brighton lifestyle without the Brighton bustle, with the Martin Street Village one of the suburb's most intimate villages.&nbsp;It's lined with a number of fashion boutiques, cafes, and restaurants, while also only being just over one kilometre to the Bay Trail and Elwood Beach.

<h2>Project: Plenteous, Cheltenham</h2>

<h2>Address: 49 Jean Street, Cheltenham</h2>

<h2>Developer: Shenfield Property&nbsp;</h2>

Another on the list which is expected to complete in early 2024, Plenteous offers a boutique collection of residences, with a mix of two and three-bedroom apartments and townhouses currently being built.&nbsp;

All the two-bedroom apartments have already been sold, with only three-bed floorplans remaining, in addition to a limited number of two-bedroom townhouses.

[smartcode_project:default project_id=136588 project_image_fid=208416]&nbsp;

Situated in a quiet, leafy cul-de-sac, with a parkland frontage,&nbsp;the residences have been designed to provide low-maintenance living, privacy and comfort.&nbsp;

Boasting contemporary interiors by Aldona Padjak, the remaining apartment is priced from $950,000 and spans 129 sqm. There are two-bathrooms along with two car spaces, with each resident afforded secure basement parking and storage facilities.

[smartcode_project:default project_id=136588 project_image_fid=208418]

The townhomes are priced from $925,000 and have been designed over two or three levels, with&nbsp;each adjoining to its own landscaped outdoor space.

Each residence also incorporates energy-efficient features, including individual solar power and provisions for a car charging point in the basement.&nbsp;

<h2>Project: Early 3191</h2>

<h2>Address: 3-11 George Street, Sandringham</h2>

<h2>Developer: DM Property&nbsp;</h2>

Early 3191 is set to redefine Sandringham living.

Designed by architecture-powerhouses Rothelowman, Early will deliver 35 three and four-bedroom townhouses upon completion, with prices from $1.299 million.&nbsp;

[smartcode_project:default project_id=138081 project_image_fid=209564]

With an estimated completion date of late 2024, prospective buyers are still able to save significantly on stamp duty costs

The townhouses boast a timeless facade that offer striking contrast with textured materials, with materials and finishes selected to not only stand out amongst the crowd, but to also carry a sense of longevity and luxury.&nbsp;

[smartcode_project:default project_id=138081 project_image_fid=209566]

Award-winning designer, Adele Bates crafted the interiors of each townhouse, which boast a considered palette of warm timbers and textural natural stone, coupled with CDK marble benchtops, as well as SMEG and Fisher &amp; Paykel appliances.&nbsp;

The townhouses have been designed to make the most of natural light, with large windows and open living spaces that invite the outside in, with each home adjoining to spacious terraces which provide a seamless transition from indoor to outdoor living.&nbsp;

The three-bedroom townhouses feature two bathrooms and two car spaces, while the four-bedders include three bathrooms, along with two car spaces.&nbsp;

<h2>Project: Merchant Apartments</h2>

<h2>Address: Corner Ann Street and Waterline Place, Williamstown</h2>

<h2>Developer: AVJennings</h2>

As the final piece of the puzzle in AVJennings Williamstown development, Waterline Place, Merchant Apartments will deliver 125 apartments across two seven-storey buildings upon completion, which is slated for mid 2024.&nbsp;

Inspired by its coastal topography and local maritime history, the apartments are situated in the heart of the community, with Elenberg Fraser handling the designs.

[smartcode_project:default project_id=112774 project_image_fid=197064]

Floor to ceiling glazing maximises outlooks, bringing the outdoors in, while each adjoining balcony has been designed as an extension of the home, providing an addition living space in each apartment.

Not just apartments, Merchant will also deliver a vibrant ground floor retail offering and a uniquely designed communal rooftop space, with sweeping views to the city and Hobsons Bay.

[smartcode_project:default project_id=112774 project_image_fid=197060]

Pitched toward a wide range of buyers, there's a mix of one, two and three-bedroom apartments on offer, with prices for a one-bedder from&nbsp;$510,000, while the two-bedders begin from $710,000. A number of over-sized three-bedroom apartments are also on offer, with sprawling floorplans of up to 184 sqm.

The ASX-listed developers vision for Waterline Place is to create&nbsp;'a village within a village'.&nbsp;

It's a&nbsp;vision which is quickly coming to fruition with Waterline Place already home to&nbsp;a number of apartment buildings, including Gem, Rosny, and Empress.

A surge in buyer demand has been ignited by the recent signal from the RBA, indicating that the official cash rate is nearing its peak, which has many believing  that Melbourne's property sector is primed for an imminent boom

Metro Melbourne's best off the plan apartments and townhouses completing in 2024

Epping, nestled between the bustling village of Eastwood and the retail hub of Macquarie Park, is set to witness a new residential development that will benefit from the convenient connectivity the small Parramatta suburb has to offer.

Epica, a tower of 83 apartments, provides a host of benefits that make it an ideal choice for those seeking a well-connected lifestyle.

Situated on the inner northwest edge of Sydney, Epica enjoys close proximity to all regional suburbs and strategic centres, making it an enviable location for residents. The strategic advantage of Epica lies in its exceptional connectivity, with various key destinations just a stone's throw away.

The development is a mere 100 meters away from the Epping train and metro interchange, providing seamless access to the transportation network. Epping's metro service, which is part of the Sydney Metro North West project, will revolutionise transportation in the region, offering fast and efficient travel throughout Epping and into the Sydney CBD.&nbsp;

Residents of Epica will have the luxury of reaching prominent business hubs in no time. In under 20 minutes, one can be in Chatswood or the Norwest Business Park, while the bustling commercial and cultural centre of Parramatta is also easily accessible. The heart of the Sydney CBD is also just under 30 minutes away.&nbsp;

[smartcode_project:default project_id=5982 project_image_fid=24359]

Residents are set to benefit from the community infrastructure upgrades, including the $5 million in funding towards sports grounds and Boronia Park upgrades. These investments aim to enhance the overall living experience in Epping, elevating it to a contemporary modern city.

In addition to its excellent transport links, Epica offers residents a range of amenities within close proximity. Epping Town Centre provides a variety of boutique shops, catering to diverse retail needs, while Macquarie Shopping Centre, a renowned retail destination, is just a stone's throw away.&nbsp;

Epica's charm lies not only in its strategic location but also in its design and panoramic views.

Regarded as a classy icon of elegance, Epica boasts gorgeous bedrooms, spacious balconies, tasteful kitchens, and well-designed bathrooms, all embellished by spectacular views that include the city skyline. The sun-drenched apartments offer great natural ventilation, with only four units per floor.

[smartcode_project_cta:default project_id=5982]

Epica, a tower of 83 apartments, provides a host of benefits that make it an ideal choice for those seeking a well-connected lifestyle

Connectivity the key at Epica Epping apartments

Leading Sunshine Coast developer Cube Developments has achieved a near $75 million sell-out across its Bokarina Beach project Oasis.

Positioned with ocean views on the last remaining beachfront location on Bokarina Beach, Oasis makes up a collection of 56&nbsp;apartments with amenities including a lap pool, open air resident dining, a gym, an outdoor beach shower and lush gardens.

The boutique project sold 70 per cent of residences prior to officially hitting the market, totalling close to $50 million within a week of its soft launch.

Just four apartments remain, including two penthouses that range from 191 sqm to 242 sqm, boasting secluded rooftop terraces and private plunge pools, starting from $3.5 million.

[smartcode_project:default project_id=106623 project_image_fid=200348]

Cube Developments Director Scott Juniper pointed out the region's notably high demand for prestigious properties, which is evident in the palpable desire among buyers. However, the limited supply of such properties is struggling to keep up with the demand.

“In a market where there is high demand for prestigious coastal homes, buyers are taking quick action to avoid missing out on the limited supply," Juniper said.

“Our sales team had 40 appointments booked on the first day of Oasis’ soft launch, 25 of which sold that very same day. There’s a strong sense of urgency among potential buyers, and we’ve observed a significant level of enthusiasm from people who want to secure a prime piece.

[smartcode_project:default project_id=106623 project_image_fid=200349]

“We’re delivering an exceptional project on one of the last remaining beachfront blocks on Bokarina Beach to offer an unparalleled lifestyle, and buyers responded well to this vision."

The majority of buyers being local residents and individuals from wider South East Queensland can be attributed to the area's beauty and rarity of properties like this one. This is due to the combination of its premium yet simplistic design and the incredible oceanfront location on Longboard Parade, which provides a unique vantage point.

Set across six levels, Oasis’ configuration maximises access to almost 180 degree ocean views stretching North from Point Cartwright all the way down to the Caloundra Headland.

Oasis is now over 92 per cent sold.&nbsp;Remaining apartments start from $1,650,000.

[smartcode_project_cta:default project_id=106623]

Sunshine Coast apartment demand boom sees Cube approach $75 million Oasis, Bokarina sellout

Melbourne's vibrant Fitzroy and Collingwood neighbourhoods are set to welcome a new architectural gem that embodies a decade of creative development by developers Milieu.

Otter Place, the latest addition to the area, promises to be a tangible expression of Milieu's values and an impactful contribution to the local community.

"The design draws on our projects completed across the decade and gets to the heart of who we are, what we represent, and what we envision for urban development," Milieu say.

Collaborating with international design studio Hassell and local practice DesignOffice, Milieu has crafted a building that pays homage to its surroundings while leaving a mark on the streetscape.

"As our sixth project in partnership with DesignOffice, Otter Place is the result of a decade of experimentation and refinement."

[smartcode_project:default project_id=3477 project_image_fid=192694]

Situated just moments away from the bustling Smith Street, the cultural and culinary epicentre of Fitzroy and Collingwood, Otter Place finds itself at the heart of Melbourne's highly regarded dining precinct.

Otter Place will deliver 28 luxury residences that are representative of its location in the heart of Collingwood’s eclectic and progressive Smith Street precinct, with two-storey, walk-up, townhomes to penthouses with panoramic CBD views and podium apartments that open onto framed vignettes of iconic inner Melbourne architecture.

Nestled amidst Wellington, Victoria, Johnston, and Brunswick streets, the neighbourhood boasts an unrivalled selection of cafes, restaurants, bars, and cultural institutions. As long-time residents of Collingwood, Milieu understands and cherishes the distinct personality, diverse people, and inclusive community that make this area so beloved.

The architectural composition of Otter Place is a testament to Hassel's attention to detail. The building is divided into two distinct forms, each one reflecting and celebrating the local surroundings. The lower levels, constructed with brick, pay homage to the industrial masonry architecture prevalent in the area. Meanwhile, the upper levels feature an elegant glass design that captures, reflects, and amplifies the shape and detailing of the neighbouring buildings.

[smartcode_project:default project_id=3477 project_image_fid=192699]

"By studying the existing urban context and brick detailing we’ve created an authentic celebration of the area’s post-industrial masonry architecture while also charting an exciting future ahead. The building base rethinks the contextual material of bricks via a lower façade of shimmering white glazed brick punctuated with window openings of varying sizes that create a striking impact on the streetscape," Hassel said.&nbsp;

"The reflective glazing of the upper levels quite literally mirrors the city, and reads as one object, delicately floating above the solid brick podium."

Inside Otter Place, an elevated yet functional design ethos prevails. The interiors have been assembled using distinguished materials and boast flexible layouts tailored to modern living. Inspired by the simplicity and effectiveness of gallery spaces, the interiors also incorporate smart technology throughout.

[smartcode_project:default project_id=3477 project_image_fid=192698]

Lighting plays a crucial role in creating the desired ambiance, and Otter Place demonstrates a departure from conventional downlights. Instead, a curated suite of uplights, spotlights, and wall lights has been selected to enhance various moods and functions throughout the day.

The proportions and strategic window placement within the residences also allow for abundant natural light to flood the spaces throughout the day.

"At a time when our cities are in such significant change as a result of the COVID-19 pandemic, Otter Place by Milieu provides the reassurance of good old-fashioned quality using elements of traditional construction to provide a unique residential experience for its future residents. And it’s future-proofed for post-pandemic living, with each home offering plenty of flexibility, amenity and access to nature, light and fresh air."

With construction tracking well, the collaborative trio are expecting the first crop of residents to begin calling Otter Place home this year.&nbsp;

[smartcode_project_cta:default project_id=3477]

Otter Place, the latest addition to the area, promises to be a tangible expression of Milieu's values and an impactful contribution to the local community.

A decade of design brings to life Collingwood's Otter Place by Milieu

Sydney's Lower North Shore is soon set to be home to a new architectural masterpiece, with Abadeen Group engaging renowned architect Koichi Takada to design their latest project, Koyo.

Nestled in the leafy suburb of Crows Nest, the boutique collection of one, two and three-bedroom apartments at Koyo promise to be a serene escape from the bustling city.

Inspired by the vibrant colours of autumn, Koyo embodies Takada's philosophy of simplicity, expressive materials, and organic forms, both inside and out.

[smartcode_project:default project_id=108800 project_image_fid=179483]

The gently curved façades draws inspiration from the nearby harbour bays, seamlessly blending Koyo with the natural surrounds.&nbsp;

Stepping inside, residents will be greeted with interiors that serve as a canvas for personal style and self-expression, boasting an natural palette.

Each residence within Koyo offers generous living spaces, complemented by thoughtful extravagances. From statement stone-surround fireplaces to chic in-built bars and crafted timber study nooks, every detail has been carefully considered.

Takada's interiors promote connected living spaces that seamlessly transition to the outdoors, which allows for cross flow ventilation and an abundance of natural light to bounce throughout.&nbsp;These elements enhance the overall ambiance of the spaces, capturing the ever-changing play of light from dawn to dusk.

[smartcode_project:default project_id=108800 project_image_fid=179488]

Following on with the open plan layout, the high-end kitchens in Koyo have been designed for both generous entertaining and everyday life, featuring a layered combination of natural stone, timber, and metal detailing.

A suite of premium V-Zug appliances have been included, while signature details such as iron bronze tapware and fluted paneling on the generous islands create a bespoke mood.

The bedrooms in Koyo have been designed to provide a tranquil escape within each living space, featuring authentic textures, muted hues and pure wool carpets. In the ensuites, the use of sculptural natural stone paired with brushed platinum tapware only adds to the sense of calm and luxury he tried to create, with select residences even featuring freestanding baths.

[smartcode_project:default project_id=108800 project_image_fid=179484]

Two palettes, one light and one dark, offer a choice between pale European Oak or darker Cor Ash engineered timber floors in the living spaces, while in the bedrooms, buyers have a choice between Ivory or soft grey wool carpets. Further customisation can be selected in the benchtops, splashback and bathrooms tiles, with each residence set to be unique to every buyer.

One, two and three-bedroom floorplans are still available, with prices starting from $1.325 million for a one-bedroom unit and reaching $2.795 million for the three-bedroom apartments.&nbsp;

[smartcode_project_cta:default project_id=108800]

The gently curved façades draws inspiration from the nearby harbour bays, seamlessly blending Koyo with the natural surrounds

How Koichi Takada designed Koyo, Crows Nest apartments

The vibrant Brunswick neighbourhood is not just a place but a tapestry woven with the threads of its rich heritage and diverse community. At the heart of the evolving landscape lies Flux, a boutique apartment development comprising just 18 apartments.

Designed to be more than just a place to live, Flux encapsulates the essence of Brunswick and places residents at the heart of the best the suburb has to offer from its Union Street location.&nbsp;

Positioned strategically in the heritage locale, Flux benefits greatly from its connectivity to the community and the myriad opportunities it offers. From the moment you step out of Flux's doorstep, Brunswick's heritage unfolds like a moving feast, inviting anyone with a bike, an appetite, and the time to wander through its eclectic streets.

[smartcode_project:default project_id=21840 project_image_fid=159147]

The neighbourhood's unique blend of eateries, boutique shops, and cultural landmarks such as Sydney Road and Lygon Street are all within easy walking distance, as are Brunswick's pocket parks and sporting grounds, with Brunswick offering residents the ease of an active lifestyle while basking in award-winning contemporary landscape designs framed by centuries-old trees.

Connectivity is key in Brunswick, and Flux is ideally positioned to offer convenience and accessibility. Located just 50 metres away, Jewell Station provides easy access to public transportation, while the tram on Sydney Road is equally close. Within 20 minutes, residents can find themselves in the heart of the city, free from the hassle of parking. For those who prefer cycling, Flux offers dedicated bike storage and car parking facilities for longer trips.

But what really sets Brunswick apart is its sense of community. Flux embraces this spirit by providing residents with access to a plethora of cultural experiences throughout the year. Festivals, music events, art exhibitions, fashion showcases, and design exhibitions are a regular part of life in Brunswick, with these events all just a short walk or tram ride away from Flux.

[smartcode_project:default project_id=21840 project_image_fid=159142]

The Brunswick community thrives on everyday moments shared in shops, galleries, churches, schools, parks, and the local cafés and bars. Whether it's a leisurely stroll through Barkly Square or a visit to the bustling farmer's market on the Village Green, Brunswick offers a sense of familiarity and comfort as well.&nbsp;

For those seeking recreational activities, the iconic Brunswick Baths, which celebrated its centenary in 2014, offers state-of-the-art facilities including a gym, indoor and outdoor pools, and water play areas. The local football, soccer, cricket, and netball teams cater to participants of all ages, and for those who prefer cycling or walking, the bike paths leading to the city and along Merri Creek provide a serene commuting option.

Education is a cornerstone of Brunswick's identity, with a diverse range of schools catering to the learning needs of all children. From early learning to world-class tertiary education, Brunswick offers a hub of active thinking that seamlessly connects residents to a spectrum of educational opportunities.The area's historical connection to Melbourne's clothing manufacturing industry is also evident in the presence of textile and printing facilities at RMIT University.

[smartcode_project_cta:default project_id=21840]

Designed to be more than just a place to live, Flux encapsulates the essence of Brunswick and places residents at the heart of the best the suburb has to offer from its Union Street location

How Flux takes advantage of it's Brunswick locale

North Melbourne welcomes a new addition to its open and welcoming character with the arrival of Academy, a thoughtfully designed residential development that seamlessly combines townhouses, apartments, and shared green spaces.

Born out of the collaboration between MAB Corporation and MCR, Academy aims to create a diverse and welcoming community that caters to the needs of its residents.

Comprising four small, sustainable buildings designed in a two-pair composition, Academy takes inspiration from the celebrated low-rise neighbourhoods of Paris and Copenhagen.

Each building benefits from a secure central courtyard at the ground level, while the open-air corridors encourage cross ventilation and promote the use of stairs within the buildings.

The central courtyards, adorned with lush landscaping, also offer views of the sky from every vantage point and are designed to evolve over time, blending harmoniously with the surrounding environment.

[smartcode_project:default project_id=110214 project_image_fid=185969]

The heart of Academy lies in the central Wood Street Garden and community piazza, connecting the buildings and enhancing the sense of community. Adding to the lively atmosphere, a new alfresco café at street level will grace the piazza, complementing the adjacent retail strip, contemporary primary school, and kindergarten.

Each building also boasts its own rooftop garden, designed by award-winning landscape architects, TCL, who&nbsp;took inspiration from the local trees, plants, and materials of North Melbourne.

The rooftops feature open lawns, established trees, bushes, and planted gardens that serve as natural dividers between different areas, allowing residents to occupy various zones within the serene surroundings. Pergolas provide shade for the barbecue, dining, and lounge areas, while carefully selected trees and plants, resilient to changing seasons, mirror and complement the gardens of the surrounding area.

Academy offers a wide range of living options to cater to diverse needs and preferences. Prospective residents can choose from one, two, and three-bedroom apartments, split-level homes with expansive ground floor or rooftop terraces, or flexible home office (SOHO) apartments.&nbsp;

[smartcode_project_cta:default project_id=110214]

Comprising four small, sustainable buildings designed in a two-pair composition, Academy takes inspiration from the celebrated low-rise neighbourhoods of Paris and Copenhagen

Inspired by low-rise European neighbourhoods: The design behind Academy North Melbourne apartments

The Perth unit market has been incredibly resilient during the year long, seemingly nationwide downturn, triggered by the RBA's aggressive interest rate hikes.

The latest Home Value Index produced by CoreLogic showed unit values in the WA capital have actually shown modest growth over the last 12 months (+0.1 per cent).

It's one of just three unit markets, (Adelaide +8.8 percent, Brisbane +1.5 per cent), to see growth over the 12 months to May. Sydney saw declines of -7.2 per cent and Melbourne -5.8 per cent.

The national median unit value in Perth is now $409,000, according to CoreLogic, nearly $200,000 less than the median house price in Perth.

Migration is forecasted to improve in Perth. An influx of migration, paired with the current difficulty for developers to get projects out of the ground, means supply levels for off the plan property are well below demand.

We've wrapped up a list of the best apartments currently selling across Perth.

<h2>Amara City Gardens 
Address: 171 Davy Street, Booragoon 
Developer: Iris Residential&nbsp;</h2>

Offering a ready-to-move-in option on the list, the $43 million Amara City Gardens is home to 124 apartments across 14 levels.&nbsp;

Located on the doorstep of Westfield Booragoon Shopping Centre, which has recently been green lit for expansion, all the one-bedroom floorplans in Amara have been sold, with a limited collection of two and three-bedroom apartments remaining.&nbsp;

[smartcode_project:default project_id=8266 project_image_fid=211898]

The two-bedroom apartments can be snapped up for&nbsp;$670,000, while the three-bedders are priced from&nbsp;$810,000.

Each apartment has been designed with spacious open-plan living and plenty of storage for the owner-occupier, with the apartments connecting to expansive balconies, with some even benefiting from city views.&nbsp;

[smartcode_project:default project_id=8266 project_image_fid=199958]

Wide picture windows with double glazing and high 2.7 metre ceilings give a sense of space and light, while engineered oak floorboards and 100 percent wool carpets add luxury and warmth.

Designed with the future in mind, Amara City Gardens achieves an average Nationwide House Energy Rating of seven stars, with initiatives including photovoltaic cells providing solar power to the common areas, boosted solar gas hot water systems, double glazed windows, a car-charging bay, designated car wash areas, secure bike racks, leafy, manicured gardens and creative artwork screens by award-winning local artist Anne Neil.

Residents also benefit a communal yoga deck, along with a wine cellar, dining pavilion, barbecue terrace, gym, sauna and a garden.&nbsp;

<h2>The Terraces 
Address:&nbsp;3 Shenton Road, Claremont 
Developer: Iris Residential</h2>

Due for completion later next year, The Terraces will home 137 apartments across eight-storeys, with a mix of one, two and three-bedroom floorplans on offer.&nbsp;

Located among the tree-lined streets and on the boundary of the historic Claremont Oval, The Terraces are at the heart of one of Perth’s most affluent and sought-after suburbs.

[smartcode_project:default project_id=111894 project_image_fid=190164]

Local construction group BGC are currently under way with building the $150 million development, which is the final addition to DevelopmentWA's sought-after Claremont on the Park precinct.&nbsp;

One-bedroom apartments are priced from&nbsp;$570,000, with the two-bedders from&nbsp;$715,000, and the three-bedders from $1.45 million.&nbsp;

Inspired by the terraced grandstands that grace the world’s most famous sporting grounds, The Terraces have been thoughtfully designed with owner-occupiers in mind, reaching new heights in sustainable living and design innovation.

[smartcode_project:default project_id=111894 project_image_fid=190165]

The Terraces will set a new benchmark for sustainable residential development in Australia, with the project achieving an industry-leading average 8.05-star Nationwide House Energy Rating Scheme (NatHERS) rating.

The highest-rated residences at the HASSELL-designed project reach 9.7 stars on the 10-star scale, which means those apartments are virtually self-lighting and self-climate controlled, while close to 30 per cent of the apartments at The Terraces will achieve a 9-star NatHERS rating.

Residents will also benefit from access to private onside amenity including two private landscaped podiums, a resident’s lounge and dining room, as well as a gym.

<h2>The Pearl 
Address:&nbsp;1-3 Lyall Street, South Perth 
Developer: Prosper Living</h2>

Still in the pre-construction phase, The Pearl is set to be perched between the river and the city.

Drawing inspiration from the nearby Swan River, the 26-storey tower will incorporate soft curves and a green spine, with a promise to deliver premium living spaces and resort-inspired amenities.

[smartcode_project:default project_id=9197 project_image_fid=203302]

With 137 one, two and three-bedroom apartments plus three four-bedroom skyhomes, the interiors of The Pearl focus on flexibility and function,&nbsp;with each cleverly orientated to allow for access to natural light and ventilation.

The one-bedders are priced from&nbsp;$566,000, with the two-bedders coming in at&nbsp;$988,000. The three-bedroom apartments are priced from&nbsp;$1.865 million, while the four-bedroom penthouses are priced from $5.94 million.&nbsp;&nbsp;

[smartcode_project:default project_id=9197 project_image_fid=203450]

The apartments adjoin to generously proportioned balconies, extending each living space, while also drawing in gentle breezes and far-reaching views.

Residents of The Pearl will also have access to an array of resort-inspired amenity within the tower, including a landscaped terrace which is complete with an infinity edge pool, a massage room, private seating alcoves, gardens, an outdoor dining area and barbecue facilities.&nbsp;

The tower also homes a gym, sauna, steam room, yoga deck, theatre, games room, resident's lounge and dining room, as well as a temperature-controlled wine room.&nbsp;

Construction of The Pearl is slated for completion by mid 2025.&nbsp;

<h2>Olive St 
Address:&nbsp;263 Hay Street, Subiaco 
Developer: Devwest</h2>

Construction has begun on the latest residences set for the leafy suburb of Subiaco.

Set across six-storeys, Olive St. will feature 71 apartments, with a mix of one, two and three-bedroom apartments, as well as commercial and retail space.

[smartcode_project:default project_id=106968 project_image_fid=210984]

Designed by the architects at MJA, the apartments are well-oriented, with natural light abounding, and a range of views to be enjoyed from different apartments, including city views and an outlook over Subiaco.

Each apartment is fitted with premium appliances, ample storage, and flow, as well as open-plan living spaces that connect to spacious terraces or balconies, allowing for seamless indoor and outdoor living.

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Olive St has also been cleverly designed to offer communal work from home facilities, complete with plenty of desk space, high-speed WiFi, booths for private calls, and a boardroom for client meetings.&nbsp;

The development will also feature leafy green outdoor spaces, a barbecue area, a residents' lounge, and even a fire pit.

The one-bedroom apartments are priced from&nbsp;$535,000, with the two-bedders beginning from&nbsp;$710,000, before topping out at $1.145 million for the three-bedroom offerings.&nbsp;

The latest Home Value Index produced by CoreLogic showed unit values in the WA capital have actually shown modest growth over the last 12 months (+0.1 per cent).

Perth's best off the plan apartment selling in May 2023

The heritage-inspired East Sydney Collection in Sydney's Darlinghurst is set to be completed later this year.

The collection of just 27 residences,&nbsp;designed in collaboration by MHN Design Union and&nbsp;Lawless Meyerson, are being developed by developer builder HIGA on Yurong Street, just a few streets back from Hyde Park.

The five-level block of residences is being constructed on the site of the former Aston Martin dealership, with many of the heritage features retained as part of the project.&nbsp;

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Fit with lavish interiors, including natural timber veneers, slab marble, parquetry and timber flooring, East Sydney Collection includes both apartments and townhouses, with a mix of one, two and three-bedroom floorplans. The group also launched a loft collection, which are located just off the bustling hotspot of Stanley Street.

MHNDU designed the lofts to pay homage to the original 1930s art deco saw-tooth warehouse, infusing it with modern aesthetics and creating an exquisite canvas for both living and entertaining.

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The loft units at Stanley Lane Lofts are the epitome of sophisticated design, combining industrial charm with luxurious features. Mezzanine spaces add a sense of openness and versatility, while the classic steel-framed windows allow an abundance of natural light to flood the interiors.

The kitchen areas are a striking focal point, featuring steel-framed islands, while the bathrooms boast timeless terrazzo floors, harking back to an era of classic design.

Each apartment comes equipped with individual air conditioning systems, along with premium Swiss VZUG appliances. In addition, the building features low levies and is pet-friendly, accommodating the needs of a diverse range of residents.

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Crowning the building is a communal rooftop garden, which offers views of Hyde Park, St Mary's Cathedral and the CBD skyline.

Nestled amongst renowned cafes, dining establishments, small bars, galleries, and designer stores, it encapsulates the vibrant and cosmopolitan spirit of Sydney.

Residents will have the convenience of the CBD within walking distance, allowing for easy access to business, shopping, and entertainment hubs. Darlinghurst, with its eclectic mix of culture and entertainment, is also a short stroll away, offering an array of cafes, galleries, and shops to explore.

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The five-level block of residences is being constructed on the site of the former Aston Martin dealership, with many of the heritage features retained as part of the project. 

Darlinghurst's heritage-inspired East Sydney Collection to complete later this year

A prime inner city development site with uninterrupted views of the CBD and development approval for a 12-storey residential apartment complex has been sold.

After a competitive expressions of interest sales process, the corner site consisting of three lots, 37 Leichhardt Street as well as 8 and 10 Downing Street, was sold to ACT based Addval Developments.

Colliers Director Investment Services Nick Wedge said the property represented one of the best ‘infill’ residential development sites, in the tightly held and highly sought-after suburb of Spring Hill.

“With development approval in place for 15 luxury residential apartments over 12 levels, with the refurbishment of the existing heritage dwelling on site, this provided a great investment opportunity,” Wedge said.

“We had a lot of interest in the site due to the exceptional demand for established and new housing in Brisbane."

“Based on historical demand and likely anticipated supply, Inner Brisbane will experience a shortfall of 16,000 new apartments over the next four years," he added.

Colliers National Director Investment Services Hunter Higgins said Spring Hill was one of Brisbane’s premier inner city suburbs with unmatched locality through its connectivity to amenity including Brisbane CBD, Roma Street Parklands and Train Station and two major private hospitals and schools.

“Opportunities to develop boutique apartment or townhouse projects on the doorstep of the CBD are exceptionally rare,” Higgins said.

“This site presented an unrepeatable development opportunity, especially with market conditions continuing to improve and opportunities like this virtually non-existent."

“Both the established and new housing markets have seen exceptional demand and increased pricing across Brisbane."

“This coupled with the site-specific attributes will result in premiums being paid for the end user product,” Higgins added.

Colliers Residential Site Sales Executive James Matley said located less than one kilometre from Brisbane’s CBD this site provided a great opportunity for the purchaser.

“While it already has development approval for residential units, it is zoned as mixed-use one, allowing for a range of development outcomes," Matley said.

“The zoning provides opportunities including residential, mixed use, retirement/aged care, build to rent, student accommodation, office, a hotel or serviced accommodation, commercial, medical, retail as well as child care, all subject to council approval."

Colliers Director Investment Services Nick Wedge said the property represented one of the best ‘infill’ residential development sites, in the tightly held and highly sought-after suburb of Spring Hill

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