National diversified developer <a href="https://www.apartments.com.au/developers/goldfields-group">Goldfields</a> has launched its latest Brisbane apartment project, <a href="https://www.apartments.com.au/new-apartments/quartet-milton-33-manning-street-milton-qld-4064">Quartet Milton</a>, marking its entry into the sought-after inner-city suburb just two kilometres from the CBD.

The circa $100 million development will rise 18 storeys and deliver 131 apartments, offering a mix of one, two-, and three-bedroom residences.

Ideally located on Manning Street, Quartet residents will be within 300 metres of Milton Station, 500 metres from the Milton Ferry Wharf, and a short walk to Milton Markets, the iconic Park Road, as well as a range of breweries and cafés.

&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367993]

Designed by architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and brought to life by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, the building features a simple, gridded façade paired with generous glazing to enhance views, maximise aspect, and capture both sunrises and sunsets from within the apartments and their generously sized balconies.

Residents will have access to a 1,000 sqm rooftop, curated to balance wellness and entertaining, in response to increasing demand for wellness-focused shared spaces.

"We've approached Quartet Milton as a complete lifestyle offering, not just apartments, but a place where the design, amenities, and location all work together in a meaningful way," says Goldfields Managing Director Lachlan Thompson.

"Buyers are looking for that sense of confidence, knowing the vision has been carefully thought through not just by us as developers, but by all our consultants appointed to bring this together, and that it will be delivered to the standard they expect."

&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=368000]

Cera Stribley Co-Founder and Managing Principal Domenic Cerantonio said the rooftop is designed to feel like a place "you'd genuinely use every day."

"A 25-metre pool framed by city and mountain views, wellness areas, and private dining spaces for evenings with friends create a setting designed for year-round comfort and effortless Brisbane living."

[smartcode_project:default project_id=108736 project_image_fid=367999]

In addition to the 25-metre pool, the rooftop will include a sauna, cold plunge, fully equipped gym, and zen gardens, all complemented by panoramic views of the city and river.

While the building is expected to appeal predominantly to owner-occupiers, Goldfields anticipates interest from investors seeking strong rental returns, driven by the project's design, location, and the city's projected capital growth in the lead-up to the 2032 Brisbane Olympics.

&nbsp;

[smartcode_project:default project_id=108736 project_image_fid=367991]

<a href="https://www.apartments.com.au/developments/milton-qld-4064">Milton</a>, widely regarded as one of Brisbane's most desirable inner-ring suburbs due to its lifestyle offering and proximity to the CBD, has experienced a shortage of new apartment supply in recent years.

Goldfields is already active in the Brisbane residential market through its Ripley Valley masterplanned community, Hayfield. The 109-hectare neighbourhood is already home to more than 300 families and features a large community park.

Plans for the precinct include a 4 km running track, future schools, and retail and commercial amenities, all within a 35-minute drive of the Brisbane CBD.

Goldfields also plans to deliver a new mixed-use tower at 88 Robertson Street in Fortitude Valley, within the James Street precinct. The project will include 16,000 sqm of boutique commercial space, two levels of wellness facilities, and a rooftop restaurant and event space, akin to Goldfields House in South Yarra, its flagship mixed-use development on Chapel Street, which is crowned by the Beverly Rooftop bar—one of Melbourne’s best-known venues.

[smartcode_project_cta:default project_id=108736]

Joel Robinson

Goldfields sets the stage as Quartet Milton launches

<a href="https://www.apartments.com.au/developers/stockland">Stockland</a> and Homes NSW have taken the next major step in the transformation of Waterloo Estate, lodging a Concept State Significant Development Application and concurrent rezoning proposal for the renewal of Waterloo South.

The proposal, now on public exhibition, outlines plans for around 3,300 new homes across the 12.3-hectare precinct. A minimum 30 per cent of residential gross floor area will be delivered as social housing, approximately 20 per cent as affordable housing, and a maximum 50 per cent as market housing. The redevelopment would more than quadruple the number of homes currently on the site and more than double the existing supply of social and affordable housing.

The renewal of Waterloo South forms the first stage of the broader Waterloo Estate transformation and is set to unfold over the next 10 to 15 years. The estate currently contains 750 social housing dwellings and 120 private homes.

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="ba2da34b-171b-4ff1-b0c7-4baf0bce97f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public.png?VersionId=S5apPKOqjPHJhk_SzCvdVPxsEBYs300o" />

The proposal, prepared by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> and Beam Planning, spans 10 street blocks bounded by Cope, Raglan, George, Wellington, Gibson, Kellick, Pitt and McEvoy Streets, directly adjoining the Waterloo Metro Station precinct and within walking distance of Redfern and Green Square stations.

Under the masterplan, building heights would range from two to 33 storeys, delivering approximately 282,485 sqm of residential floor space alongside at least 10,000 sqm of non-residential uses and a minimum 5,000 sqm of community space. The planning framework has been specifically structured to support the mixed-tenure outcome, with the residential gross floor area capped at a maximum 50 per cent market housing allocation.&nbsp;

The Urban Design Report describes the vision as creating “a unique and vibrant mixed-tenure housing precinct that supports the needs of the community and delivers much needed housing in response to National and State Government priorities.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="6e1a6d8b-0626-4fa7-94fc-aa91c0af86dc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/waterloo%20per.png?VersionId=duyiJTFOeezTNdM22leI3SoHuqnW6ZaY" />

A major focus of the revised proposal has been increasing the social and affordable housing component. The Minns Government increased the affordable and public housing allocation from 35 per cent to 50 per cent after coming to office in 2023.

Minister for Housing and Homelessness Rose Jackson said the changes were critical to maintaining Waterloo’s social diversity.

“When we came to government, we immediately reviewed the plans for the Waterloo renewal and boosted the number of public and affordable homes from 35 to 50 per cent,” Jackson said.

“This was a crucial step to ensure Waterloo remains a welcoming place for people from all walks of life to call home now and into the future.”&nbsp;

Minister for Planning and Public Spaces Paul Scully said the project would reshape the precinct for generations.

“This concept DA brings thousands of new public, affordable and market homes on the doorstep of the Waterloo Metro station another step closer to reality,” Scully said.

“Importantly, alongside the new homes the plan also proposes new open space where residents and the broader community can gather, relax and play.”&nbsp;

<img alt="First look: Stockland and Homes NSW unveil plans for 3,300-home Waterloo South renewal" data-entity-type="file" data-entity-uuid="867520cb-6e07-4204-885e-53793ac88066" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Waterloo%20public%20a.png?VersionId=lgSI85Q23xBLYLC9NcWKuWZY2HfP4zQ3" />

Stockland Managing Director and CEO Tarun Gupta said the project had been shaped around long-term liveability and community infrastructure.

“As delivery partner, Stockland is proud to be working with the NSW Government on the renewal of Waterloo South – a significant project with community at its heart,” Gupta said.&nbsp;

The planning documents place strong emphasis on “Designing with Country,” recognising the site’s location on Gadigal land. The masterplan incorporates new east-west pedestrian links, activated streetscapes, rooftop communal spaces, retail frontages, and landscaped public areas intended to improve permeability and community connection throughout the estate.&nbsp;

The proposal also seeks to establish a more flexible planning framework for future detailed SSDAs, including updated provisions for educational uses, creative industries, rooftop communal areas, and active frontages. A minimum seven per cent of residential floor space will be delivered as affordable housing managed in perpetuity by community housing provider City West Housing.&nbsp;

The Social Impact Assessment prepared by Urbis describes the renewal as one of Australia’s most significant public housing transformations, identifying substantial long-term positive impacts associated with housing supply, accessibility, public domain improvements, and community infrastructure.&nbsp;

Stockland and Homes NSW have already commenced the first stage of resident relocations, with some tenants moved into newly completed homes at Waterloo Metro Quarter and the Boronia development nearby.

First look: Stockland, NSW Gov, unveils plans for 3,300-home Waterloo South renewal

<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.

[smartcode_project:default project_id=140747 project_image_fid=367540]

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.

[smartcode_project:default project_id=140747 project_image_fid=367529]

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]

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.

[smartcode_project:default project_id=509 project_image_fid=365684]

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;

[smartcode_project:default project_id=509 project_image_fid=365687]

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.

[smartcode_project:default project_id=509 project_image_fid=365689]

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.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

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.

[smartcode_project:default project_id=146358 project_image_fid=323052]

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

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?

Melbourne is set to witness one of the largest masterplanned community developments, as Hamton, in partnership with Moonee Valley Racing Club and Hostplus, transforms the Moonee Valley Racecourse into a world-class destination.

The $2 billion redevelopment will comprise of eight precincts, featuring residential developments, community hubs, green open spaces and dining options. The latest addition to this grand project is the hotly anticipated Trackside House apartments.

These apartments offer residents a chance to live right alongside the Moonee Valley Racecourse and enjoy unparalleled views of the city skyline. Designed by Rothelowman with interior design by Carr, Trackside House comprises 202 residences, ranging from one-bedroom apartments starting at $565,000 to grand three and four-bedroom residences, including the penthouse priced at $5 million.

[smartcode_project:default project_id=105114 project_image_fid=210517]

With its prime location, Trackside House is the first trackside residence to be offered in the masterplan. Residents will have access to premium amenities, and the opportunity to enjoy the unique lifestyle the masterplanned community offers.

Trackside is joined by three other residential projects, with Feehan Row and Thomas Street both sold out and limited opportunities remaining in Stonepine House, showcasing the demand and interest buyers have shown in the community.&nbsp;

The masterplanned community development will also feature various public spaces, including Stonepine Square, Cox Place, Tote Park, Rumpus, and The Stalls at Moonee Valley Racecourse. These public spaces provide a gathering place for visitors and residents to enjoy a dynamic, healthy lifestyle.

Stonepine Square is an idyllic gathering space built around existing turn-of-the-century Stone Pine trees. It features Mediterranean-themed plantings, shady pergolas draped with vines, and is perfect for a casual lunch or BBQ.

Cox Place is the vibrant heart of Moonee Valley Park, providing access to shopping, dining, work, and wellness. It is the ideal place to gather, linger, dine, work, and celebrate in this civic heart.

[smartcode_project:default project_id=105114 project_image_fid=210518]

Tote Park, the first publicly accessible space available to visitors and residents, is now open. It boasts spacious rolling lawns, serpentine gardens, and a nature playground for families.

Rumpus is a destination playground where children can run free and enjoy skipping, jumping, and rolling over. Parents can relax in the adjacent café or enjoy a picnic with produce from Cox Place while keeping an eye on their little ones.

The Stalls at Moonee Valley Racecourse, situated in the historic spot where racehorses gather on race days, will transform into an active place for the community to enjoy during the rest of the year.

The Arena, another public space in the masterplan, will change the face of Moonee Valley Racecourse. It will serve as a welcoming space for the community to gather and enjoy local festivals and family-friendly events throughout the year.

[smartcode_project:default project_id=105114 project_image_fid=210526]

The transformation of Moonee Valley Racecourse is set to be the biggest in the club’s history, with a brand-new world-class sporting and events grandstand that will serve members and the community for the next century.

The Moonee Valley Racecourse fields, reserved for racing for only 30 days per year, will be transformed on non-racing days into a unique area for residents, workers, club members, and visitors to enjoy a dynamic, healthy lifestyle.

The grand project has already sparked interest from buyers and investors alike, and with the launch of Trackside House, it's only set to grow. The Moonee Valley Racecourse redevelopment will undoubtedly change the face of Melbourne's property landscape and become a destination for years to come.

[smartcode_project_cta:default project_id=105114]

Cox Place is the vibrant heart of Moonee Valley Park, providing access to shopping, dining, work, and wellness. It is the ideal place to gather, linger, dine, work, and celebrate in this civic heart

How Trackside House fits in to the wider Moonee Valley Park masterplan

Sunkin, the renowned Melbourne-based property developer, has established a reputation for integrating communities seamlessly into the urban landscape.

They're now launching their much anticipated project Highett Common, which aims to bring refined living and natural elements to the&nbsp;9.63-hectare former CSIRO site in the heart of the suburb.

Set to deliver the best of Bayside living, Highett Common will benefit from being near to a plethora of amenity, including Highett Train Station, which is just 100 metres away, as well as being under five kilometres from Sandringham Beach, just over a kilometre from Southland Shopping Centre and right next to a Woolworths.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=212557]

Each neighbourhood in Highett Common will have its own character and residential landscape, created through streetscapes, green amenity, and distinct built forms by a collaborative team comprising ClarkeHopkinsClarke Architects and Tract Landscape Architects.

Pockets of residential neighbourhoods are nestled between the three-hectare Conservation Reserve at Southern Common and the one-hectare park and playground at Northern Common.

Tree lined boulevards provide access for cars while The Mews connects pedestrians and cyclists to their homes and the parks, gardens and community amenity of Highett Common.

The first building to hit the market is Park House, the coveted first residential release, is tucked amongst the greenery that defines the sustainably-minded precinct, designed to reintroduce nature to modern life.&nbsp;

Park House opens to the local playground and The Mews,&nbsp;settling within pockets of carefully composed spaces that facilitate play, ride, relax, and explore.

[smartcode_project:default project_id=143259 project_image_fid=243948]

Park House features one, two and three-bedroom residences that are versatile and designed to connect with the surrounding environment which features expanses of pillowy lawns, pathways shaded by canopy trees and social places to sit and enjoy the outdoors.&nbsp;

Priced at $10,000 per sqm, Park House also presents significant value for money when compared to surrounding suburbs such as Sandringham, Hampton and Brighton.&nbsp;

The $500 million masterplanned development, which will home over 1000 residences when completed, featuring diverse, architecturally designed homes that offer scenic views of the surrounding conservation reserve and parkland.

The site is bordered by expansive parkland and connected by wide, tree-lined corridors and boulevards, creating a rare synergy of natural landscapes and built environments.

A series of carefully curated resident amenities bring resort living to the every day at Highett Common. Conceived as an engaging social landscape for lounging, entertaining, and wellbeing, the development boasts state-of-the-art gymnasiums, residents' swimming pools, and impressive finishes and design that deliver on spaces to host a gathering and elevate entertaining alfresco with friends and family.

[smartcode_project:default project_id=108019 project_image_fid=212515]

Sunkin is also participating in Homes for Homes at Highett Common, an independent, not-for-profit organisation established by Australia's largest and most successful social enterprise, The Big Issue. With research forecasting a deficiency of over 1 million homes in Australia by 2036, time is of the essence to change the narrative.

Homes for Homes encourages registered property owners to donate a small, tax-deductible sum of 0.1 per cent of their property's sale price to create new social and affordable housing in required locations. Donations are pooled with other contributions in your state or territory to make affordable housing more accessible to vulnerable Australians.

[smartcode_project_cta:default project_id=108019]

Sunkin launch Park House at sustainable masterplan, Highett Common

Galerie, a collection of luxury residences, has emerged in the heart of the Glen Iris neighborhood, offering a new standard of contemporary living on High Street.

Driven by a passion for art, GALERIE features a carefully curated private collection of world-renowned artworks, as well as innovative architecture and luxurious outdoor spaces.

The project is the result of a collaboration between industry luminaries, including LDS Property, Ewert Leaf, and John Patrick Landscapes.

[smartcode_project:default project_id=112375 project_image_fid=204402]

The building's facade showcases an asymmetrical architectural form that is both dynamic and elegant. The use of brick, timber, and concrete creates a sense of depth and dimension, while cascading greenery softens the linear composition.

As residents enter the gallery-style lobby, they are welcomed by a bespoke Chaumet Chandelier, adorned in luxurious brushed gold finishes.

The lobby's textured walls are lined with a curated private collection of world-class artworks, evoking a sense of refined grandeur. The lighting fixtures in the lobby create a serene and calm atmosphere that conjures an undeniable feeling of "coming home."

[smartcode_project:default project_id=112375 project_image_fid=204412]

Each residence at Galerie has been designed for the cosmopolitan lifestyle, with generous open-plan living areas imbued with artistic luxury.

The sun-bathed kitchens, seamlessly integrated with the living areas, is a culinary delight, fitted with European appliances, fully-integrated cabinetry, and ample storage which create a functional and stylish space.

“Every aspect of the homes has been carefully thought out, particularly the bespoke joinery detailing in the kitchen, living room and bathroom,” Ewert Leaf's Associate Director, Simone MacGinley said.

[smartcode_project:default project_id=112375 project_image_fid=204411]

Each of the homes also features a fireplace, complete with natural stone finishes, oak engineered timber flooring, and organic tones.

Greenery was key feature in the design of GALERIE, with the lush outdoor spaces providing residents with a peaceful retreat from the bustling city.

“We’ve designed everything so that the open plan living spaces flow seamlessly out to the courtyards, with large sliding doors that provide direct integration to the surrounding landscape,” Director John Patrick said.&nbsp;

[smartcode_project_cta:default project_id=112375]

Driven by a passion for art, GALERIE features a carefully curated private collection of world-renowned artworks, as well as innovative architecture and luxurious outdoor spaces

GALERIE: A masterpiece of artistic luxury in the heart of Glen Iris

Williamstown,&nbsp;Melbourne’s first port settlement,&nbsp;has experienced significant price growth over the years, making it an attractive place to live for families, professionals, and retirees.

Williamstown has managed to keep a lid on its population over the last decade. The 2011 census found just over 13,000 residing in Williamstown. The latest census figures show almost a 10 per cent growth over the last decade, the population now nearly 14,500.

The population growth rate points to limited opportunity within the small maritime location. If developers can't secure land and develop, population growth will always be capped.&nbsp;

The increase of just 1,000 people in Williamstown means what AVJennings is bringing to the suburb with their recently released Merchant Apartments, part of their wider Waterline Place masterplan community, is incredibly rare.

[smartcode_project:default project_id=112774 project_image_fid=197060]

A range of housing options have been made available in the precinct, with Merchant currently offering one, two and three-bedroom floorplans, in addition to a collection of exclusive Sky Homes on the upper levels.

According to date from CoreLogic, the median growth in Williamstown over the past 12 months has been 6.31 per cent for units, with the average apartment on the market for just 37 days. Units also fetch a&nbsp;3.34 per cent rental yield, making the area a viable option for investors.&nbsp;

Waterline Place is located just 12 kilometres from the CBD and just a short walk form Williamstown Train Station, making it an ideal location for those who work in the city but want to enjoy a more suburban lifestyle.&nbsp;It is also close to the waterfront, providing residents with easy access to a range of recreational activities.

Approximately 4,009 families call the suburb home currently with Waterline Place benefitting from its positioning in the coveted Williamstown High School zone.&nbsp;

[smartcode_project:default project_id=112774 project_image_fid=197058]

Significant infrastructure upgrades in recent times have also drawn a number of residents to the suburb, with improvements to public transport, roads and bike paths.&nbsp;The construction of the West Gate Tunnel project is set to further improve the suburb's connectivity to other parts of Melbourne,&nbsp;with the project giving Melbourne a second freeway link between the west and the city, providing a much needed alternative to the West Gate Bridge and a vital second river crossing.

There's also a number of cafes, restaurants, shops and supermarkets dotted around the suburb, in addition to several green spaces and parks, including Williamstown Botanic Gardens and the Jawbone Marine Sanctuary.&nbsp;

Complete with a vibrant ground floor retail offering and a uniquely designed communal rooftop space, with sweeping views to the city and Hobsons Bay, Merchant Apartments have been designed by internationally acclaimed architects, Elenberg Fraser.

Construction is underway on the apartments, with completion slated for 2024.

[smartcode_project_cta:default project_id=112774]

The increase of just 1,000 people in Williamstown means what AVJennings is bringing to the suburb is incredibly rare.

Why Merchant Apartments offers an almost unrepeatable opportunity to buy new in Williamstown

Melbourne's bayside suburb of Cheltenham is fast becoming a go-to location for families seeking a suburban lifestyle that's still conveniently connected to the city.

The leafy, peaceful streets, numerous parks and reserves, and easy access to public transport, make Cheltenham an attractive choice for many.

Shenfield Property Group's latest residential development, Plenteous, is set to provide residents with the perfect combination of contemporary living and convenient location.

[smartcode_project:default project_id=136588 project_image_fid=208418]

Located in the heart of Cheltenham, Plenteous offers just eight architect-designed townhouses and apartments that feature elegant, functional, and energy-efficient designs.

The development is set among quiet, leafy surrounds and boasts a parkland frontage, making it a peaceful oasis in the heart of the bustling suburb.

[smartcode_project:default project_id=136588 project_image_fid=208416]

Plenteous residents will benefit from the project's proximity to the Southland Shopping Centre, which is one of the largest shopping centres in Melbourne and offers a vast range of shopping, food, and entertainment options.

And with the suburb benefitting from it's own train station, residents can easily and conveniently access the city, which is just under 20 kilometres away, while there's&nbsp;also several bus routes that service the area.&nbsp;

[smartcode_project:default project_id=136588 project_image_fid=208420]

But it's not just shopping and entertainment that Cheltenham has to offer. The suburb is home to several parks and reserves, including the sprawling 30-hectare Cheltenham Park, which features a playground, picnic areas, walking trails, and lake.

For those who enjoy a round of golf, Cheltenham is home to some of Melbourne's finest golf courses. And with the beach just a stone's throw away, residents of Plenteous can enjoy all the benefits of a bayside lifestyle.

Education is also a priority in Cheltenham, with a variety of quality schools and education options available.&nbsp;

[smartcode_project_cta:default project_id=136588]

Located in the heart of Cheltenham, Plenteous offers just eight architect-designed townhouses and apartments that feature elegant, functional, and energy-efficient designs

Tapping into Melbourne's Bayside: How Plenteous takes advantage of it's location in Cheltenham

Carnegie is set to welcome a new development that promises to redefine modern industrial living, with local developers ITUM launching a striking collection of apartments.

Aptly named Mimosa Row due to its location on the leafy Mimosa Road, Mimosa Row will comprise just 40 two and three-bedroom apartments, starting from a generous 85 sqm. Some of the three-bedroom apartments span over 200 sqm.

Mimosa Row offers a rare proposition for buyers. Despite the project's early stage of marketing, developer ITUM, who have previously completed Hunter Prahran and Meridian in St Kilda, already have their builder signed up. They're using Platinum Construction to handle the build of the BG Architecture-designed development.

[smartcode_project:default project_id=139888 project_image_fid=212595]

The building takes&nbsp;the form of a U shape, allowing for more natural light to flow into the apartments, while classic clean lines and neutral colours have been utilised throughout to give Mimosa Row a timeless feel.&nbsp;

Apartments on the second level of the two-level building have loft-style balconies, while the ground floor apartments have their own private outdoor garden.

Krisp Interiors have handled the interiors, with each apartments featuring Bosch appliances, built-in wardrobes as standard, and work-from-home spaces.

[smartcode_project:default project_id=139888 project_image_fid=212594]

Mimosa Row is conveniently located just over 10 kilometres from Melbourne's CBD and just under three kilometres from Chadstone Shopping Centre. It is also moments away from the lauded Koornang Road dining precinct, which features a wide range of shops, restaurants, cafes, and bars.

There's also an abundance of transport links providing a seamless connection for residents to the nearby city centre, while green spaces are also a plenty, with Koornang Park the most notable, which features a playground, sports fields, and a walking track.

ITUM has signalled an estimated completion date of January 2025 for the project which is being marketed by Three Sixty Property.

Three Sixty Associate Director Nihal Peter expects a mix of first home buyers and downsizers&nbsp;who want to live in a leafy quiet street, but want access to Koornang Road, East Malvern, Monash Uni and Chadstone shopping centre.

[smartcode_project_cta:default project_id=139888]

The building takes the form of a U shape, allowing for more natural light to flow into the apartments, while classic clean lines and neutral colours have been utilised throughout to give Mimosa Row a timeless feel

Carnegie to receive injection of new apartments as Mimosa Row launches

Since the near year-long downturn ended, which was a few months ago according to most property data analytics firms, Sydney has flown out of the traps following double digit declines.

CoreLogic's Home Value Index showed a further 1.3 per cent growth in dwelling values (houses and units) over April, following 1.4 per cent gains in March.

Now houses are -12 per cent down over the last 12 months, with units back -7.2 per cent. Both markets have shown a considerable bounce back over the last two months, each posting gains of over one per cent month on month.

The end of the downturn is&nbsp;bringing buyers back to an increasingly undersupplied market. Sydney held 570 auctions over last weekend, well down on the 914 held last year. The preliminary clearance rate was just over 70 per cent, the seventh consecutive week the preliminary clearance rate was above 70 per cent.

Off the plan agents are saying the tight supply is assisting in the strong results being achieved all across Sydney, everywhere from St Leonards to Sydney's Eastern Suburbs.

CBRE Residential Projects Managing Director, David Milton, says there’s some strong data out there which is improving market sentiment.

"With the RBA approaching a holding phase, and the huge immigration forecasts, there’s set to be a lot more demand in the market," Milton says.

"People are thinking now is the time to buy. They aren’t wanting to wait another 12 months."

Milton says enquiry hasn't necessarily increased, but the quality of the enquiry and the intentions of those enquiring has been much higher, which is leading to improved conversion rates.

CBRE sold out&nbsp;The Cambrian in Paddington by Robby Ingham on the launch day, all 15 apartments. Now they're readying the full launch of the equally rare Woollahra Collection by Fortis, which Milton says will appeal to the Sydney high-end market.

CBRE are also preparing to launch The Landmark Quarter, the next St Leonards project for New Hope Group.

The three-tower project on Marshall Avenue features a range of one, two, three and four-bedroom apartments, as well as a handful of terraces.

[smartcode_project:default project_id=139897 project_image_fid=212572]

St Leonards has had solid demand in recent months, evidenced in Top Spring's The Newlands, just off Newlands Park.

The Colliers project marketing team recorded a 104 per cent increase in sales in Q1 compared to the same time last year, notably due to the $60 million in sales recorded over a VIP weekend held at Top Spring's The Newlands in April.

Colliers National Director of Residential&nbsp;Blake Schulze says despite mixed market sentiment, the residential market across Sydney’s off-the-plan market has continued to yield strong results.&nbsp;

"We have found that there is strong market participation from local owner occupiers who are opting to purchase in projects close to where they are currently living or working," Schulze says, noting that over 20 per cent of purchasers currently live within five kilometres of the site.&nbsp;

"We are experiencing strong market demand for premium oversized apartments across Sydney, dominated by local owner occupiers and downsizers," Schulze says.

[smartcode_project:default project_id=24509 project_image_fid=203623]

"Over 45 per cent of the three-bedroom stock at The Newlands has sold. These apartments are appealing to young families as the generous bedrooms and living spaces are a key consideration for buyers, in addition to the well curated amenity offering."

The lack of supply in Sydney's eastern suburbs has seen strong enquiry already for The Centennial Collection, the new Bondi Junction project from local developer Stargate.

[smartcode_project:default project_id=136076 project_image_fid=212615]

Ray White Projects Managing Director Eddie Mansour says there's a number of buyers ready to transact even ahead of the public launch on May 4.

"Buyers will be transacting at levels above what Bondi Junction has ever seen, which highlights both the lack of future supply in the area and the high quality product Stargate and SJB Architects have put together," Mansour says.

The lack of supply for anything new in Bondi Beach has seen&nbsp;numerous offers on the AYA Penthouse, the $26 million apartment crowning the Koichi Takada-designed Aqualine in Bondi Beach.

<img alt="AYA penthouse" data-entity-type="file" data-entity-uuid="d70bef9e-f3ee-4fff-a472-906530802c82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-21%20at%208.25.10%20am.png?VersionId=Rk74nsTTvh24dazQQoUNoEqsiovrJ638" />

Mansour says the majority of buyer interest has been from expats who are familiar with Bondi Beach.

"There was some scepticism in launching such a rare, potentially record-breaking priced apartment, in the current economic climate, but the marketing has gone really well."

In Western Sydney, Ray White Projects Western Sydney Managing Director Mark Bernberg says we're now moving into a stabilisation phase for both property values and interest rates.

"Stabilization is a huge thing in property," Bernberg says.

"It removes the fear of the unknown and the fear of change. That will bring more buyers back into the market in the near term, and after a period of holding, barring external circumstances globally, the RBA will cut interest rates as inflation starts to noticeably come down. Rates coming down always results in prices going up.

[smartcode_project:default project_id=27460 project_image_fid=195123]

"Buyers have more money in their pockets as borrowing capacity pops up. That will in turn see more stock come to the market as developers realise there are more buyers transacting."

McGrath Projects Associate Director Adam Sparkes says they are seeing a strong return of the investor.

"Investors such as sophisticated institutional purchasers and private investors buying through a SMSF through to first time investors are all seeing now is an excellent time to buy into a high quality development for a medium to long term hold," Sparkes says.

"The consumer is now more researched than they ever have been – we treat all new enquiry (owner occupiers or investors), coming to our team as a ‘white hot lead’," Sparkes says.

[smartcode_project:default project_id=94147 project_image_fid=197738]

"As a general theme all are seeking high quality construction and a strong track record from the team behind a given development – both seen as crucial elements when considering buying a brand new or off-the-plan dwelling."

Sparkes is marketing Grand Reve by Kassis Homes, who are offering purchasers a 10-year structural defect policy,&nbsp;one of the first apartment towers in NSW in more than two decades to be given an insurance policy against building defects.

"This provides a genuine level of comfort for the consumer and has resulted in new sales from older enquiry now recognising quality will prevail – not only from the team behind the development, but the added safety of such an Insurance policy," Sparkes says.

City Beat May 2023: Sydney sees strong off the plan sales activity 

Following a property boom, capital cities tend to see prolonged contractions in the market, generally driven by an affordability pinch.

It's happened in Sydney and Melbourne, with values coming back over -10 per cent over the last 12 months. The COVID-induced boom however saw some Sydney suburbs see gains of over 50 per cent.

While the Gold Coast saw values spike due to the huge number of interstate migrants either working remotely for years or making the permanent move to the coastal hotspot, the anticipated end of the growth cycle has many believing there's a new entry point which prices won't go back below.

That's been recently reaffirmed with new data from property data analytics company CoreLogic, who suggest unit values are just -3.5 per cent lower than they were this time 12 months ago. In fact, the value of units has grown over the last two months. CoreLogic's Home Value Index found Gold Coast unit values rose 0.1 per cent in March and a further 0.8 per cent in April.

The median value of an apartment on the Gold Coast is now $654,000, according to CoreLogic.

A lot of agent feedback is positive, with demand in most areas still outstripping supply.

Pezet Matheson Managing Director Jayde Pezet says they had a strong run of sales between Coolangatta and Main Beach across April.

"In Coolangatta, Esprit, Rhythm Kirra Hill and Rockpool saw a great run of unconditional sales over the past four weeks, whilst Lagoon Main Beach commenced construction which ignited a string of extremely qualified enquiries that resulted in sales," Pezet says.

[smartcode_project:default project_id=108747 project_image_fid=198830]

Pezet says lead flow has softened, however&nbsp;the quality of leads is much stronger, with a solid conversion rate for projects that are currently under construction and being undertaken by credible developers with highly credentialed consultants.

"We see a steady back end to 2023 for projects that are well funded, commenced construction with well-known builders and that have a robust team to deliver," Pezet added.

Demand is still alive at the high end of the market too,&nbsp;NPA Projects Director Andrew Erwin says.

"Despite ongoing concerns with construction certainty, the Gold Coast luxury apartment market has been remarkably vibrant leading into and post Easter, with downsizers and relocators motivated to find a suitable project with completions forecast for 2024/25," Erwin says, adding that there is&nbsp;a sense that new markets will emerge with international interest spiking.

[smartcode_project:default project_id=108982 project_image_fid=210142]

Ray White Head of Projects Caitlin Rosenboom says the Gold Coast&nbsp;residential market continues to outperform others around the country due to a number of key principles.

"The combination of domestic population growth due to continuing interstate relocations; and international migration, which is steadily returning to pre-pandemic levels, puts increased demand on an already critically undersupplied property market," Rosenboom says.

"Investors in particular are keen to purchase property off the plan on the likely assumption that demand will continue to outstrip supply in the foreseeable future, suggesting steady and continuing capital growth and, of course, excellent investment yields. &nbsp;

"With the volume of development applications continuing to slow and fewer residential projects being launched, those who purchase off the plan in successful projects will reap the rewards.”

Urban.com.au data showed a further increase in buyer interest for Gold Coast off the plan property from New South Wales. There was also increased levels of search demand from Queensland. which is starting to trend upwards following a sharp decline in search at the start of 2022.

Seven of Queensland's top 10 most searched suburbs by interstate property buyers were on the Gold Coast. Broadbeach was again the most popular, followed by Burleigh Heads, Coolangatta, Palm Beach, Surfers Paradise, Kirra, and Main Beach.

<img alt="Urban QLD interstate data" data-entity-type="file" data-entity-uuid="3dac7d6b-2272-46fa-880f-79ead48a068a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-02%20at%203.42.09%20pm.png?VersionId=mlpCoAELos4h1z65UIIv35lyohv8FkKj" />

Urban.com.au CEO Mike Bird says the Gold Coast has a long and interesting road ahead of it.

"What tells me there’s legs in the market is some of the best developers both in Australia and internationally are developing in the burgeoning area," Bird says.

"Tim Gurner and Harry Triguboff are two of our most prolific developers, and they’re contributing thousands of apartments to the skyline, while international developer SPG Land is also bringing the same level of density.

"Even a member of the UK Royal Family picked Main Beach as their first ever project in Australia. That to me suggests there's more growth in the local market, from local, interstate, and international buyers." 
&nbsp;

&nbsp;

A lot of agent feedback is positive, with demand in most areas still outstripping supply

City Beat May 2023: How the Gold Coast unit market continues to hold firm following COVID boom

National property developer Kokoda Property has acquired the last remaining riverfront site in Brisbane’s Teneriffe, breaking the record for the largest sale ever recorded in Brisbane’s history.

Located at 17 and 27 Skyring Terrace, the unique site spans an extensive 17,600 sqm, offers 6,000 sqm Wet Lease and over 200 sqm of direct river frontage and upon completion, will be transformed into a $1.75 billion mixed-use development that will activate the waterfront at a scale not yet explored.

Kokoda’s vision for the site comprises apartments and townhouses, a waterfront office tower, a luxury hotel in partnership with an international hotel brand, a retail precinct comprising high-end luxury retail and F&amp;B, and a&nbsp;marina, connecting the expanding Brisbane riverwalk replete with waterfront hospitality, retail and dining.

The development will also continue to support the local community with upgraded public amenities and the Community Hub.

Teneriffe is a suburb rich in history and today, is known as Brisbane’s most expensive suburb with a median house price in excess of $2.9 million.

Kokoda Property Founder and Managing Director Mark Stevens said Brisbane is primed for rapid growth and the Skyring Terrace site will play a pivotal role in the revitalisation of the Newstead and Teneriffe Waterfront Neighbourhood Plan.

“This site has been tightly held for nearly four decades and the potential it offers is unparalleled in terms of creating a major mixed-use waterfront development at a scale that is never to be repeated," Stevens said.

“We are incredibly active in Brisbane and expanding our portfolio due to the surging population growth. Queensland has experienced the highest interstate migration growth in the nation and with the 2032 Olympic Games on the horizon, coupled with a buoyant jobs market, Brisbane is primed for a development of this scale.

According to Charter Keck Cramer’s latest State of the Market report for Brisbane, Brisbane apartment completions and commencements have fallen to an all-time low. Coupled with the strong population growth forecast, the Brisbane market is expected to remain in short supply relative to demand.

Less than two years ago Kokoda completed its first Brisbane project Chester &amp; Ella, a $300 million residential development and last month, called for settlements at The Ambrose, a $165 million residential project. Both projects are sold.

[smartcode_project:default project_id=6313 project_image_fid=208662]

Other Brisbane projects include Refinery House - a $12 million transformation to a heritage-listed home, and the <a href="/news/qld/kokoda-secure-prime-milton-site-for-cottee-parker-designed-apartment-tower">newly acquired site in Milton</a> with a total value of around $160 million. Kokoda are also developing the 200-apartment mixed-use precinct The Malvern Collective in Melbourne's Malvern.

The Skyring Terrace deal was brokered by Elliot O’Shea, Director - Head of Middle Markets Queensland and Seb Turnbull, Head of Capital Markets - Queensland / Executive Director, Capital Markets - Australia, both from JLL. Prior to Skyring Terrace, the most expensive site to be sold was in West End, which was brokered for $87 million in 2014.

Kokoda Property is currently in the planning and design phase for Skyring Terrace and hopes to launch an expression of interest campaign in late 2023.

Kokoda Property Founder and Managing Director Mark Stevens said Brisbane is primed for rapid growth and the Skyring Terrace site will play a pivotal role in the revitalisation of the Newstead and Teneriffe Waterfront Neighbourhood Plan



Kokoda snare last remaining riverfront in Teneriffe for mixed-use development

Sutherland Shire builders, D.velop.R, has commenced construction on the $43.8 million Cronulla development, Callista.

Developed by the multi-award winning Fiducia Property Group, Callista will comprise 12 Mediterranean-inspired residences in two, three, and four-bedroom configurations, all with direct beach access, landscaped gardens, and private courtyards.

<a data-entity-type="file" data-entity-uuid="d1a5a619-e7af-470e-94d9-a111508c28ad" href="/new-apartments/cronulla-nsw-2230"><img alt="Render of the Cronulla project, Callista" data-entity-type="file" data-entity-uuid="d1a5a619-e7af-470e-94d9-a111508c28ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAANSTUDIOS_LOBBY%20ENTRANCE_FINAL2500%20V1.jpg?VersionId=_witZCSCxq8T67f6BBW5zC4OoRCH6ZHs" /></a>Render of the Cronulla beachside development, Callista.

With early works and demolition underway at 14 Roker Street, Callista will deliver the epitome of classic coastal luxury, with the project expected to come out of the ground in 2024.

Highland CEO, David Highland said the company is pleased to witness Callista move into the construction phase.

“The project has been well received by prospective buyers, with enticement surrounding the picturesque location and design of the proposed plans," Highland said.

“Despite recent interest rate rises putting pressure on housing prices and mortgage availability, we remain very positive on the Southern Shire apartment market, particularly for strong developers like Fiducia.”

<a data-entity-type="file" data-entity-uuid="22d7ddc9-31b1-48ff-8a82-2474c3d3873c" href="/new-apartments/cronulla-nsw-2230"><img alt="Render of the Cronulla beachside development, Callista." data-entity-type="file" data-entity-uuid="22d7ddc9-31b1-48ff-8a82-2474c3d3873c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAANSTUDIOS_COMMUNAL%20AREA_FINAL5000.jpg?VersionId=9dJ4vcmMougkHQzxapktsN9ZGjjVphMQ" /></a>Render of the communal area in the Cronulla beachside development, Callista.

Since Callista launched to the market late last year, Highland has witnessed strong enquiry from a range of buyers including young professionals, downsizers with a love for beachside proximity, and locals seeking an upgrade in living.

Callista has had two sales to date with a ground floor three bedroom selling for $2.75 million and the only penthouse in the project, which sold for a record $7.3 million.

The remaining stock is priced from $2.35 million to $5.3 million with the average price of $25,424.44 per sqm.

Latest Property News

Goldfields sets the stage as Quartet Milton launches

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

Goldfields sets the stage as Quartet Milton launches

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News