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;

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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;

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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."

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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;

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<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.

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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.

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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.

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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.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

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

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.

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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?

Entrepreneur Dominique Portier has lodged plans for a prime Bondi Beach site.

Sydney-based architects Studio Johnston have designed the proposed three-storey building at 112 O'Brien Street, with the location described as "at the gateway to Bondi Beach."

There will be six apartments, two studio, two one-bed, and two two-bed units, above two ground-level retail spaces.

The design takes full advantage of the existing site conditions and easterly views, whilst developing a balanced massing that helps lessen the perception of the building scale and ensure views from neighbouring sites are not compromised.

The building&nbsp;will be softened with green-walls, improved landscaping in the communal open space and on-podium garden-beds, offering respite from heat-islands whilst upgrading surrounding amenity, providing a positive, organic impact to neighbourhood.

Landscape designs have been handled by Melissa Wilson Landscape Architects, who have created a number of open elements in both the foyer and circulation spaces, while also&nbsp;curating a design that cloaks and protects the building, providing pockets for landscape to be integrated.

Deciduous planting will fill the trellis on each facade, with the planting receding during the cooler months to invite the sun in and warm the building, before growing back to provide shade during the summer months.&nbsp;

<img alt="Bondi Beach" data-entity-type="file" data-entity-uuid="81c1f3ec-3f0a-4ec7-a4d4-6669ed6c99f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-08%20at%2012.33.52%20pm.png?VersionId=axC93YhLvLsnQFvKJ1CK1tTlKULK.goj" />

Generous landscaping along each facade soften the public realm whilst also being an integral cooling device on the Western facade.

Across the difficultly-oriented site, Studio Johnston have still maintained the laid-back nature of the suburb in their design, with the choice of materials and finishes reflecting the nearby ocean.&nbsp;The sage tile-panels reflect the rippling ocean lapping the beach with the interspersed muted tones will compliment the surrounding nature.&nbsp;

Externally, the building has been articulated to provide visual interest, with a podium and set-back first-floor with a premium placed upon mass-repeated elements across the rhythmically composed facade.&nbsp;

The narrow in-fill characteristic of the site promotes breezes infiltration and cross ventilation, while internally, large, operable windows and integrated private open-spaces filter both light and ventilation throughout the homes.&nbsp;

Sustainability was a key focus in the design, developed through passive design and sun control elements.&nbsp;Solar access, natural ventilation and integrated landscaping characterise the development, which will help to achieve low-energy consumption for residents.&nbsp;

[smartcode_project_cta:default project_id=139016]

First look: Plans lodged for boutique Bondi Beach apartments

Seldom does an opportunity come around to live in a penthouse designed by one of Australia's most renowned architecture firms.

Even rarer is it that you can design the floorplan yourself.

That's what Sekisui&nbsp;House&nbsp;Australia is offering atop the Uno building,&nbsp;one of the two vertical communities in The Allere Collection, part of their award-winning West End masterplan, West Village.

Rothelowman, in collaboration with Sekisui House Australia’s development team, have shared a sneak peek of just one of the custom floorplan layouts, which spreads across the whole of Uno's 19th level.&nbsp;

It spans a massive 650 sqm of internal floor space,&nbsp;as well&nbsp;as featuring seven balconies to take in the sweeping 360 degree views.&nbsp;

The floorplan incorporates four bedrooms, three in the guest wing and one master suite set privately on the other side of the apartment. The master will have its own sauna, spa, sitting room, and balcony. The bedrooms in the guest wing, each with their own ensuites and walk-in wardrobes, have a shared rumpus room. They sit the other side of a home gym and treatment room.

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&nbsp;

The primary living space, which is separated from the kitchen and dining area with a&nbsp;central fireplace,&nbsp;is located on the south-east corner of the penthouse, so it takes in views of both Roma St Parklands and the Brisbane River, as well as the city skyline.

The kitchen, with two butler's pantries and full width island bench, has its own balcony. The largest balcony is off the living area, and that's equipped with a full outdoor barbecue and alfresco dining space.

Completing the penthouse, between the living area and the master suite, is a room pitched as a bar with a wine cellar, complete with, you guessed it, another balcony.

Through the foyer and past the private lift entry is a library space, and a home office.

The unique prospect Sekisui is offering is that any room can be anything.

<a data-entity-type="file" data-entity-uuid="7a229982-c30b-4df1-a84f-a7b5dd18d5f4" href="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-08%20at%208.47.27%20am.png?VersionId=dBjm8yJcbG18NN0PfCQ6AVWRXbpwoWcn"><img alt="Sekisui penthouse" data-entity-type="file" data-entity-uuid="7a229982-c30b-4df1-a84f-a7b5dd18d5f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-08%20at%208.47.27%20am.png?VersionId=dBjm8yJcbG18NN0PfCQ6AVWRXbpwoWcn" /></a>

Colette Chester, Chief Sales Officer for West Village, says the penthouse is a proposition rarely ever seen in the Brisbane apartment market.

“We’re in a very fortunate position to be able to offer purchasers the chance to redesign this penthouse level to suit their bespoke needs," Chester says.

"It’s very rare and exciting to be able to offer personal appointments with the architects to create the specific plan purchasers have always wanted, with customisable premium finishes.”

‘Should a buyer want to work with Rothelowman, they can make the most of the sweeping views across every part of the city, from the CBD skyline, the Brisbane River, to Roma St Parklands, and as far as Mt Cootha.

[smartcode_project:default project_id=114215 project_image_fid=204872]

Topping the UNO tower is a luxury infinity pool (pictured main) with views similar to the penthouse. Residents will also have access to the swimming pool crowning DUO.

There's plenty of confidence in The Allere Collection, with construction powering ahead and over 75 per cent of residences now sold.

One of the five-bedroom penthouses made headlines earlier this year when it sold for $7,016,000, a record for West End.

Since kicking off the development of West Village seven years ago, on the site of the landmark Peter's Ice Cream factory, the $1.2 billion village has&nbsp;won more than 50 awards, the most recent being the&nbsp;internationally renowned 2022 ULI APAC Award for Excellence.

Last October, Sekisui House Australia submitted plans for the eighth and final residential offering in West Village.&nbsp;Dubbed Callista on Park, the residences will have just 74 apartments, with the majority being three and four-bedroom configurations, with a small handful of spectacular penthouses.

For private VIP appointments, contact Colette Chester at&nbsp;1300 985 465 or&nbsp;<a href="mailto:sales@westvillage.com.au" target="_blank">sales@westvillage.com.au</a>

[smartcode_project_cta:default project_id=114215]

The national architecture firm Rothelowman, led locally by Duncan Betts, have put together a mock floorplan for the whole of level 19 in the tower

Sekisui to offer ultimate tailored, Rothelowman-designed penthouse in West Village

If you're looking for a suburb that offers the perfect balance of natural beauty and urban convenience, then Alphington should be at the top of your list. The Melbourne suburb, located just seven kilometres northeast of the city's CBD, has become a hot spot for families due to its exceptional transport links, educational opportunities and outdoor pursuits.

With a population of over 5,000, Alphington offers an ideal combination of urban convenience and natural beauty that ticks all the boxes when it comes to raising a family.

Tucked away in the leafy suburb is HOME, the 324-apartment project, bound by Heidelberg Road to the north, Darebin Creek and the Yarra River to the south and south-east, while Merri Creek sits to the west of the site.

[smartcode_project:default project_id=24441 project_image_fid=84981]

The development offers a range of two and three-bedroom apartments, which capitalise on the community's proximity to all things convenient and sought after by families and children alike.&nbsp;

Education is a strong suit of Alphington, with some of Melbourne's most prestigious educational institutions located within a 10-minute drive from HOME. From primary to tertiary, there are plenty of options to choose from, including Alphington Grammar School, which offers co-educational learning for students from pre-school to year 12, in addition to several primary schools in the area, including St Anthony's Primary School and Alphington Primary School.&nbsp;

For families with younger children, Alphington also offers a range of childcare and early learning centres as well.&nbsp;

Additionally, major retail hubs are also located within close proximity, making shopping and entertainment easy and convenient, with&nbsp;Highpoint Shopping Centre and Northland Shopping Centre nearby, along with several boutique stores and independent retailers along&nbsp;Station Street and Heidelberg Road.

Aside from education, Alphington boasts of an abundance of green spaces and recreational facilities, making it an ideal location for families who enjoy outdoor activities.

[smartcode_project:default project_id=24441 project_image_fid=84979]

From bushland and parks to open spaces and river trails, the suburb has it all. Darebin Parklands, Yarra Bend, and Alphington Park are just a few of the natural gems waiting to be explored. For sports enthusiasts, there are plenty of options too, including the Alphington Bowls Club, Alphington Netball Club, Yarra Bend Golf Course, and Latrobe Golf Club.

Alphington's transport links are another major drawcard. With exceptional train and bus connections within easy walking distance, getting around is a breeze. The recently upgraded Hurstbridge line runs regular services to the CBD, while several bus routes make travelling by public transport even more convenient.

For those who prefer to drive, major employment, health and tertiary precincts are nearby and easily accessible via the recently expanded Chandler Highway.

For cyclists, Alphington offers an extensive network of bike trails that skirt the Yarra River on the Darebin Trail, taking riders on picturesque routes all the way to the city.

Catering to small families or growing families, the spacious two-bedroom apartments span from&nbsp;81 sqm, offering two-bathrooms and one car space, while the three-bedders cover from 142 sqm, with two-bathrooms and two car spaces.&nbsp;

[smartcode_project:default project_id=24441 project_image_fid=167646]

With style and function the guiding principles in the design of the HOME apartments,&nbsp;each feature timeless oak timber for all the flooring and cabinetry, which connect to open plan living spaces, opening up the homes to the whole family.

Generous storage keeps the apartments uncluttered, while stone benchtops, open shelving and European appliances make the kitchens the heart of the homes and a place for the whole family to enjoy.&nbsp;

The building itself is also home to its own park, located on level four of the development, with over&nbsp;3035 sqm of open space.&nbsp;Here residents will find a communal garden with plenty of seating, along with a barbecue area, a kid's play zone and a dedicated dog run.

There's also a rooftop cinema, as well as a Star Garden and lounge, and a glass-edged pool, which takes in expansive vistas to the city skyline and surroudning suburbs.&nbsp;

[smartcode_project_cta:default project_id=24441]

Why HOME is ticking all the boxes for families and kids 

Melbourne’s Altona North is renowned for its industrial past.

The suburb's industrial origins can be traced back to the establishment of the Altona Oil Refinery in 1949, which was built by BP and was the largest oil refinery in Australia at the time.

Factories and warehouses followed, as did prominent industrial companies, with the likes of Ford Motor Company establishing themselves in the area in 1956.&nbsp;

The industrial development of the suburb had a significant impact on the local community. A population boom ensued as people moved to the area in search of employment, which led to extensive infrastructure improvements such as roads, schools, and healthcare facilities.

[smartcode_project:default project_id=29947 project_image_fid=187293]

And now Altona North, just 11 kilometres of Melbourne CBD, is undergoing a huge gentrification, and is being targeted by young professionals and families.

Acquiring the site back in 2017, ASX-listed developer Stockland identified Altona North as a thriving suburb for their latest residential community, Haven.

In conjunction with the property undergoing a rezoning from Industrial use to General Residential Use, the newly established community was created as one with convenient connectivity and liveability, catering to residents from all walks of life.

Haven forms part of a broader 67 hectare Precinct 15 urban renewal zone which will eventually include approximately 3,000 new dwellings as well as office buildings, retail premises, and public areas.

Stockland, during the design phase, focused on a vision to create an active inner west neighbourhood that brings together contemporary designs influenced by the industrial heritage.&nbsp;

In collaboration with renowned SJB Architects, the homes boast seamless, open-plan living spaces that integrate with the surrounding environment.&nbsp;

In conjunction with this, one of Haven’s key pillars is a strong sustainability focus and that is showcased through community initiatives and townhome designs.

The community combines smart, sustainable features as standard with open, flowing living spaces.&nbsp;

[smartcode_project:default project_id=29947 project_image_fid=159031]

The townhomes, which have an average 6.5 star Nationwide House Energy Rating Scheme (NatHERS) rating, have features including 1.5kW of solar panels, double glazing, a rainwater tank or solar hot water unit, while also incorporating natural light and economical water usage to reduce the overall household carbon footprint and energy bills.&nbsp;

The biggest uptake in the community has come from first home buyers, due to Haven’s competitive price point, with the cheapest two-bedroom offering currently priced from $694,065.

Connectivity has also been a big drawcard, with the suburb easily accessible by car, train, bus and bike, offering quick and easy access to Newport and Spotswood train stations, which connect directly to Melbourne’s CBD within 15 minutes. And for those heading further afield, the train line offers a direct link to regional centres like Geelong, Ballarat, and Bendigo.

A number of bus routes traverse Altona North as well, while cycling and walking trails along the Maribyrnong River offer a scenic way to explore the area. For drivers, the West Gate Freeway is just a stone’s throw away, making it easy to commute to the heart of Melbourne’s CBD.

What sets Haven apart, however, is its commitment to creating a sustainable, green, and close-knit community. Stockland is creating a small neighbourhood, which includes a 4,000 sqm park with a playground designed for four to 10-year-olds, a picnic shelter, and barbecue facilities. The park will be the focal point for community events.

[smartcode_project:default project_id=29947 project_image_fid=93185]

Haven’s parks and trees will be nurtured with passive irrigation that captures storm water without wasting precious drinking water. This improves tree growth and increases amenity in the streetscapes.

Residents will also be within close proximity to a range of sports and recreational facilities within the Altona North community, including a gym, public pool, badminton centre, indoor climbing, and a golf course. And with the Maribyrnong cycle path, parklands, and reserves all within reach, there will be no shortage of opportunities to stay active and explore the neighbourhood.

Of course, it’s not all about physical activity. Altona North also offers an abundance of local eateries, shops, and retail therapy opportunities, from major shopping centres to local boutiques.

For families with young children, Altona North has plenty to offer as well. With quality day care, swimming, art, and drama centres all within the catchment area, with families well catered for in the area.

Plus, there are a number of established schools within walking distance, including Altona North Primary School, Newport Lakes Primary School, and Bayside Secondary College. The nearby Altona North Library also provides learning options and community activity spaces.

[smartcode_project_cta:default project_id=29947]

Altona North: From thriving industrial precinct to creative corridor

The Melbourne unit market looks like it's following the upward swing in capital city property prices across the country.

The unit market, which incorporates apartments and townhouses, contracted -0.2 per cent over February, but that followed steep -1.1 per cent declines in January and -0.8 per cent in December.

Melbourne's unit market is now -2 per cent down so far in 2023, and 5.7 per cent over the last 12 months, the third worst performing capital city unit market behind Hobart (-10.1 per cent) and Sydney (-10 per cent).

The unit market in the Victorian capital has considerably outperformed the housing market over the last year. That's down -11.2 per cent, nearly double the unit market, after further -0.5 per cent declines over February.

Projects by Buxton Director Heath Thompson says the February rate increase has resulted in poor market sentiment from buyers, as well as decreased volume of enquiry.

"What was even more impactful was the commentary from the RBA around the rate announcement, suggesting multiple interest rates are likely to follow in the coming months," Thompson says.

[smartcode_project:default project_id=5495 project_image_fid=210547]

There are some factors however which are pointing to a positive outlook, Thompson suggests.

"The market fundamentals have some blue sky on the supply and demand equation.

"Rents are increasing at speeds not seen in recent memory and new dwelling approvals are the lowest since 2012. New construction starts are showing even less supply is coming to the market.

"On the demand side, we see buyers with very little choice for established or new property, increasing immigration and significant lack of rental property to service growing demand."

According to data from Charter Keck Cramer,&nbsp;there were a total of 5,100 apartments launched to the market in 2022, the lowest number of launches recorded over the past decade and was almost -80 per cent lower than the peak levels during 2014 and 2015.

[smartcode_project:default project_id=112375 project_image_fid=204410]

"In “normal markets” these conditions would see price rises which is what I’m expecting in the next 12-18 months, allowing more projects to absorb constructions costs and we will likely see a rapid rise in new development approvals and construction starts."

Thompson believes the bottom of the market can't be far off.

"The question we often get asked is “when is the market going to bottom out?” I don’t know the answer to that however, it can’t be far off and I do know that new projects will have to rise in value to become feasible.

"Rises in value are inevitable, its just a matter of when."

The median unit value in Melbourne is now $585,000, down from $626,000 this time last year.

CoreLogic's national index declined -0.14 per cent over February 2023, the smallest monthly fall since May 2022 (-0.13 per cent), when rate hikes commenced.&nbsp;

CoreLogic’s research director, Tim Lawless, said the stabilisation in housing values over the month coincides with consistently low advertised supply levels and a rise in auction clearance rates.

“The past four weeks have seen the flow of new capital city listings tracking -17.0% lower than a year ago and -11.9% below the previous five-year average,” Lawless said.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

[smartcode_project:default project_id=108897 project_image_fid=180973]

“The past four weeks have seen the flow of new capital city listings tracking -17 per cent lower than a year ago and -11.9 per cent below the previous five-year average,” Lawless added.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

Lawless however suggested the recent stronger results don't necessarily indicate the market has bottomed.

“Considering the RBA’s move to a more hawkish stance at the February board meeting, along with an expectation for a weaker economic&nbsp; performance and a loosening in labour markets, there is a good chance this reprieve in the housing downturn could be short-lived,” Lawless said.

“We also have the fixed-rate cliff ahead of us; arguably the full impact of the aggressive rate hiking cycle is yet to play out.”

Melbourne's unit market is now -2 per cent down so far in 2023, and 5.7 per cent over the last 12 months

City Beat: Melbourne unit market insights for February

The redevelopment of the Sydney CBD landmark City Tattersall Club has taken a step closer, with Richard Crookes Constructions appointed to handle the build.

Joint venture partners, Singapore-listed First Sponsor and the Melbourne-based ICD Property, secured development approval for the project at 194-204 Pitt Street in November 2021, which will involve the majority of the building making way for a new 50-level tower with 241 apartments and high-end hotel with around 110 rooms.

The heritage ground floor area will remain, but will undergo major upgrades.

Richard Crookes Constructions will work alongside project architects fjmt and BVN Architecture to deliver the guest rooms and residences that pay homage to the site’s heritage significance.

<img alt="City Tatts" data-entity-type="file" data-entity-uuid="c295e848-f856-4a81-a8e4-255e6dbba63b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-01%20at%202.33.38%20pm.png?VersionId=VeNkO1StJIwITfVB.dpHgpU_Xmra.cYJ" />

“Richard Crookes’ robust standing within Sydney’s construction landscape coupled with their proven track record of delivering award-winning, luxury residential and mixed-use projects make them a perfect fit to deliver this unique project,” ICD Property CEO Matt Khoo said.“This is a major milestone for everyone involved, and one that will have an everlasting impact on the future residents, neighbouring community, and wider city of Sydney.

"We couldn’t be prouder to be&nbsp;partnering with the Richard Crookes team on this city defining project and look forward to delving deeper into conversations regarding innovative construction methodology, particularly those concerned with improving efficiency and reducing our carbon footprint which are values that we felt were in close alignment between us and Richard Crookes.”

Richard Crookes Constructions are currently undertaking the redevelopment of the landmark building Sirius in The Rocks. In 2021 they completed the Opera Residences,which recently received an honourable mention at the 2022 International Architecture Awards by the Chicago Athenaeum.

<img alt="City Tatts" data-entity-type="file" data-entity-uuid="e2ea24d4-337a-49a7-a75a-002175f73d32" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-01%20at%202.33.43%20pm.png?VersionId=6SdlsVwyhFyGYMUxoI_F1HD._Wh33iih" />

First Sponsor’s Group CEO Neo Teck Pheng said the City Tattersalls Club redevelopment has advanced from strength to strength despite market conditions.

Located directly in the heart of Pitt Street, near Westfield’s entertainment, dining, and shopping precinct, as well as Hyde Park, these residences will offer it all - connection, amenities, location, uninterrupted water views.

"We left no stone unturned during the design of these residences, wanting them to join the ranks of the world’s most highly regarded homes," Pheng added.

The project is expected to support more than 1,600 jobs during construction and create significant long-term economic benefits once completed.

Richard Crookes Constructions will work alongside project architects fjmt and BVN Architecture to deliver the guest rooms and residences that pay homage to the site’s heritage significance

Builder appointed for $400 million City Tattersall Club redevelopment, Sydney House

Luxury developer Tim Gurner and his wife Aimee have listed their luxury two-level apartment at GURNER's&nbsp;Saint Moritz project in St Kilda.

The two-level, 500 sqm apartment has four bedrooms, five bathrooms, a six-car garage, and is one of just 20 apartments in St Moritz that features floor-to-ceiling water views and private lift access.

The Gurner's retained the apartment when the project, designed by Fender Katsalidis, Koichi Takada, and interior designer David Hicks, was first launched.

<img alt="Saint Moritz" data-entity-type="file" data-entity-uuid="35ec3cce-2c1d-4246-9e8d-be382cfc47e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%201.59.50%20pm.png?VersionId=obEPjndb3_8K4TQpxHfsy26fHAhg6aRN" />

The interiors have been completely customised and designed personally by Tim and Aimee, who is an interior designer, in consultation with the GURNERTM design team.

Entry is through a marble-clad lift lobby, which meets a six-metre double-height void in the kitchen, living and dining zones to maximise the water views.

Over $500,000 worth of Italian stone and marble including Calacatta Gold, Nero Marquina and Travertine frame the interiors from the custom kitchen island through to the custom-designed cabinetry and joinery.

<img alt="Gurner" data-entity-type="file" data-entity-uuid="837d7271-7778-4fbd-bfb9-e044360b10e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%202.00.03%20pm.png?VersionId=Z3XOgZnRPd8CIN1iAcAp2yvhzH2D3ZiG" />

The kitchen features an almost five-metre long island, and a concealed butler’s kitchen.

The second living and entertaining space showcases a bespoke billiards table complete with custom finishes and design detailing, while the secluded games lounge is equipped with a kitchenette featuring integrated Liebherr and Vintec refrigeration.

A curved custom-designed helical staircase leads to the second level,&nbsp;finished in polished plaster with a custom brass floating handrail and feature LED lighting. The staircase cost $500,000 to install.

The master suite occupies almost the entire top floor, complete with a custom $120,000 sauna in the grand ensuite, an expansive walk-in robe, separate study and stunning private living retreat with an open fireplace to soak up the bay views.

<img alt="Saint Moritz" data-entity-type="file" data-entity-uuid="26df2d7a-6e78-4098-95ed-4c13ad8151b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%202.00.11%20pm.png?VersionId=6RFAP1M83c2mIuwpOufBJUx2TtMAt6HD" />

"When we launched Saint Moritz, we set out to create something that simply did not yet exist in the market, something that had no comparable sales or properties, something that was only emulated in five star resorts in places like New York, Miami or London," Tim Gurner says.

“We took inspiration from around the globe and then pushed it even further with the on-site amenity and dedication to wellness at Samsara. The result is like having your own private-day spa retreat downstairs.

“These unique and truly incomparable elements led to the insatiable demand when Saint Moritz first went to market.

“My wife Aimee and I worked closely with our GURNER design team to create a residence that represents the most luxurious elements of modern life, while taking the Saint Moritz experience to another level yet again.

“Wellness is such a pivotal pillar of my life which is why we wanted to complement the amenities of Samsara downstairs with the residence’s own private wellness features. The benefits of infra-red saunas are incredible and I incorporate the practice into my own daily routine, so we included the custom sauna to the master suite upstairs.

“After living through COVID, we as a community have turned to more intimate dining and entertaining with friends so the custom bar, games lounge and billiards table make the most of this incredible residence – why go out when the new owner can entertain guests at home while Port Phillip Bay shimmers in the foreground.

“My favourite element of the residence has to be the incredibly rare and sought after double height living and dining space that open up to the incredible bay and water views, which offer a front row seat to some of the most breathtaking sunsets I have ever seen.

“Due to the investment into quality, rarity, luxury and the lived experience in both this residence and Saint Moritz, we are expecting interest from both local and international buyers,” Gurner said.

Within the home is an exclusive selection of furniture, handpicked by Tim and Aimee, from luxury overseas brands including B&amp;B ITALIA, MAXALTO and Louis Poulsen, complemented by bespoke pieces locally produced by Australian artisans and manufacturers.

The furniture is worth a combined total of over $500,000 and is available for select buyers.

Full inclusions and custom design elements include: 
 
• Three bio-ethanol fireplaces clad in feature stone (living/dining, games bar lounge and 
executive lounge with a total approx. cost of $150k) 
• Bespoke sauna to master ensuite (total cost approx. $120K) 
• Hand selected Calacatta gold marble to kitchen, ensuites, bedrooms and entry lobby 
• Nero Marquina marble to games room bar, entry lobby and powder room 
• Italian Travertine throughout all bathrooms and bespoke TV niche/ fireplace to the executive 
and games lounge (total combined value of marble exceeds $500k) 
• Exclusive underground VIP lockable store fitted with a 50-bottle Vintec Wine Fridge 
• 6 car private garage 
• Bespoke billiard table with custom finishes and details 
• Private lift entrance 
• Bar area 
o 2 x Liebherr integrated below bench fridges 
o 2 x Vintec wine fridges 
o 2 x Vintec bar fridges 
o Kitchenette with Gaggenau oven, gas cooktop, and dishwasher 
• Kitchen/butlers 
o 2 x Gaggenau ovens 
o Large 900mm wide Gaggenau Gas cooktop 
o 2 x fully integrated Gaggenau Dishwashers 
o 1 x Gaggenau Steam Oven 
o 1x Gaggenau Combi Microwave

The residence also has access to the building’s luxury private club facilities including:

• Samsara, the most ambitious health and wellness facility ever offered on a private residential 
scale, including an underground pool, cryotherapy chambers, float tanks, private bookable 
spa and treatment rooms, salt rooms and on-call treatment practitioners and services 
• A luxury South Yarra BMW 7-series car and private driver bookable for residents’ personal 
use 
• 5.5m-high Porte Cochere entrance leading to a hotel-style welcome lobby with a full-time 
concierge and valet 
• A 12-seat private bookable cinema room 
• 16 full-time staff across resident services, concierge, wellness and valet 
• An underground ‘Champagne Bar’ and wine room 
• Services including car washing, dog minding and grooming, housekeeping and laundry 
services, along with private dining and catering, all managed in-house and available on-call

Tim Gurner lists private Saint Mortiz apartment for $15 million

Prominent Sydney and Melbourne proprety developer Landream are well and truly ready to take advantage of the $750 million of the Sydney Fish Markets at Blackwattle Bay.

They're pushing on with their $330 million Wattle Street project, across the road from Wentworth Park and a stone's throw away from the popular Fish Markets, which following the redevelopment which will create a major food and dining precinct for the area.

Landream secured the 12,381 sqm site at 14-26 Wattle Street in 2021 from the Sydney City Council, pending approval of a Stage 1 Concept DA, which was approved in May 2021.

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="bfd00297-19d8-4040-91bd-ed15efcc34b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.24.13%20pm.png?VersionId=..UJ3giwAYTVZfhUtYRSxhsz.HobgN_C" />

The Sydney City Council acquired the site in 1906 as a road works depot. Facilities to support the depot were constructed on site between 1912- 1921. They're the only buildings that stand on the large site which straddles Wattle, Fig and Jones Streets.&nbsp;The site was previously used as a sandstone quarry, formally known as Hell Hole Quarry.

Prior to the submission of the recent development application, the Sydney-based architecture&nbsp;firm BVN won the project's&nbsp;Architectural Design Competition, beating design submissions from&nbsp;likes of&nbsp;Carter Williamson, Tzannes, SJB and Bates Smart in the Architectural Design Competition.

The jury said BVN's scheme was "considered, engaging, pragmatic and rooted in concept, materiality, and place making."

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="1bd3f65b-4941-4c38-8778-6ac9c33349e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.26.45%20pm.png?VersionId=wn8DWQNpu20tSZ9IezS81YU0JeeKG7yS" />

"The design is underpinned by the current and future site context and character, seeking to contribute to and unlock the natural advantages of the environment and the approved concept scheme," the jury continued.

"The jury appreciated the design development of the approved concept scheme, benefiting the public realm and enhancing the residential amenity. The modified massing allows the development to be read as a ‘family of buildings’, rather than as a single complex.

"Each building is unique in design approach and they work together to establish a cohesive and comfortable environment within the site."

The jury also noted the clever design of the ‘Garaban’, the central residential building, one of five buildings proposed, which will deliver high amenity residential living.

"It is appreciated that this structure presents 100 per cent north facing apartments and 100 per cent cross ventilated apartments to deliver positive sustainability goals."

<img alt="Wattle" data-entity-type="file" data-entity-uuid="381da9ce-aad8-4cab-9d5b-661eef5403f5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.26.07%20pm.png?VersionId=TxNl0LJ_zHURbO9rf_RHRkMqphrGIGZs" />

Four of the five buildings will home 237 apartments. There will be 50 one-bed units (21 per cent), 101 two-beds (42 per cent), and 82 three-bedroom apartments (35 per cent), as well as a handful of studios and large four-bed apartments.

The fifth building will solely home commercial and office space, while one of the residential buildings will also feature a recreation centre with two multi-purpose indoor courts, and a childcare centre.

BVN's Design Statement, part of the extensive submission to the City of Sydney Council, said&nbsp;14-26 Wattle Street is located in the Innovation Corridor of the Sydney Harbour CBD, a unique precinct in the city that is undergoing rapid transformation.

"Previously an underutilised area of the city, it is developing into a prime mixed-use precinct to help strengthen the Harbour.

"Capitalising on its easy access to Pyrmont, Blackwattle Bay, the Fishmarket, Darling Harbour and the central CBD Precinct, it is set to become a sought-after destination with a strong focus in connecting Pyrmont to the Sydney CBD.&nbsp;The work/live industrial history of Pyrmont and Ultimo is still evident in the urban fabric."

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="4bbd7983-3fd0-4cd7-b519-a7013785916d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.27.00%20pm.png?VersionId=jQ3TKnthbLutaPKPAMk67M2UoLe1NgEd" />

The report, signed off by BVN Principal Phillip Rossington, noted a number of sustainability initiatives in the project.

There will be rainwater storage, landscaping on the open rooftop with climate and location suitable plant selection, natural light and ventilation to the majority of apartments, as well as efficient services throughout the building like extensive bicycle parking, energy efficient light, and composting facilities.&nbsp;

BVN said the key to the proposed development was understanding the extremely different contexts on the three addresses (Jones, Fig and Wattle), and providing appropriate responses to each.

"This approach allows the development to be read as a family of buildings rather than one large complex," BVN said.

<img alt="Landream Pyrmont" data-entity-type="file" data-entity-uuid="983a790d-d847-4760-9ec5-9027b8d69599" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-28%20at%202.25.48%20pm.png?VersionId=7moQOTibeYcHQFTN0CiaduJtMt4x04Pv" />

"The Jones building is set back and articulated to complement the existing Jones Street Terraces. The Wattle Street aesthetic draws on neighbouring buildings’ arches and strong lines. The Courtyard building is a smaller more boutique building with a focus on it’s true north facing aspect and enhanced sustainability features, and the Fig Street commercial building reflects the rhythm of the Winchcombe Carson building."

The Winchcombe Carson building, bordering the site on Fig and Wattle Street, is a landmark building and former woolstore, which opened in 1894.

<h2>Fig &amp; Wattle Fast Facts</h2>

<ul>
	<li>Address: 14-26 Wattle Street</li>
	<li>Site size: 12,381 sqm</li>
	<li>Adaptable apartments - 36 units</li>
	<li>Liveable Housing Units - 48 units</li>
	<li>Internal Communal Residential Space - 228 sqm</li>
	<li>External Private Communal Open Space - 2,795 sqm</li>
	<li>External Public Accessible Open Space - 2,457 sqm</li>
	<li>Apartments - 237</li>
	<li>Studio&nbsp;- 2 (1%)</li>
	<li>1 bed - 50 (21%)</li>
	<li>2 bed - 101 (42%)</li>
	<li>3 bed - 82 (35%)</li>
	<li>4 bed - 2 (1%)</li>
	<li>Residential GFA - 27,434 sqm</li>
	<li>Commercial GFA&nbsp;- 16,215 sqm</li>
	<li>Retail GFA&nbsp;- 428 sqm</li>
	<li>Childcare Centre GFA - 1810 sqm</li>
	<li>Recreation Centre GFA - 2684 sqm</li>
</ul>

Landream secured the 12,381 sqm site at 14-26 Wattle Street in 2021 from the Sydney City Council, pending approval of a Stage 1 Concept DA, which was approved in May 2021

First look exclusive: Landream's $330 million mixed-use Pyrmont plans revealed

After annualised -10 per cent declines, it seems the Sydney unit market has possibly bottomed out.

Property data firm CoreLogic found that, despite two consecutive monthly declines of over one per cent, the Sydney unit market posted surprising gains over February.

Corelogic's Home Value Index showed the unit market in the harbour capital grew 0.3 per cent growth, the first gains since February 2022.

Over the last 12 months Sydney's median apartment value has dropped from $831,000 to $769,00.

[smartcode_project:default project_id=112005 project_image_fid=191248]

CoreLogic's national index declined -0.14 per cent over February, the smallest monthly fall since May 2022 (-0.13 per cent), when rate hikes commenced.&nbsp;

CoreLogic’s research director, Tim Lawless, said the stabilisation in housing values over the month coincides with consistently low advertised supply levels and a rise in auction clearance rates.

“The past four weeks have seen the flow of new capital city listings tracking -17 per cent lower than a year ago and -11.9 per cent below the previous five-year average,” Lawless said.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

[smartcode_project:default project_id=7054 project_image_fid=47626]

Lawless however suggested the recent stronger results don't necessarily indicate the market has bottomed.

“Considering the RBA’s move to a more hawkish stance at the February board meeting, along with an expectation for a weaker economic&nbsp; performance and a loosening in labour markets, there is a good chance this reprieve in the housing downturn could be short-lived,” Lawless said.

“We also have the fixed-rate cliff ahead of us; arguably the full impact of the aggressive rate hiking cycle is yet to play out.”

Mark Bernberg, Managing Director of Ray White Projects Western Sydney, says he believes a new reality is dawning.

"I think buyers are well, well versed that 0.1 per cent were emergency interest rates, based on a once in a lifetime pandemic," Bernberg says.

[smartcode_project:default project_id=29359 project_image_fid=207473]

"It's still well below the long term average, and having an interest rate with a three, or potential four, in front of it, is a new reality, and one that people are adjusting to.

"Humans are resilient, and human resilience is creating a new reality. Now they've got over the shock of rate rises, and now there's less of a fear of how far they can go, their expectation has been realigned, and now they're just trying to find value within their new borrowing power."

Property advisory firm Charter Keck Cramer's recently released H2 2022 report noted that, for a second year in a row, Sydney has built fewer apartments than Melbourne, which Bernberg believes will create an apartment boom.

[smartcode_project:default project_id=30959 project_image_fid=202986]

"Simply put, demand is still massively outstripping supply, even in a correcting market, and clearly it will continue to do so as building approvals decline and apartment completion forecasts don't stack up to the surge in population we are set to experience," Bernberg added.

Charter Keck Cramer's report says there continues to be a growing mismatch between several supply and demand side metrics which is leading to a substantial shortage of supply of apartments in Sydney over the next few years.

"The NSW Department of Planning &amp; Environment significantly reduced population projections in 2022 anticipating average growth of 60,000 persons per annum, down from circa 92,500 persons per annum pre-COVID in 2019.

"Based on the reduced population projections, implied dwelling demand will average circa 28,500 dwellings per annum of which apartments will need to (and have historically) comprised the majority of new dwelling supply.

"With only 17,000 forecast apartment completions in 2023, 11,400 completions in 2024 and 2,800 completions in 2025, the imbalance between demand and supply continues to grow."

Mark Bernberg, Managing Director of Ray White Projects Western Sydney, says he believes a new reality is dawning

City Beat: Sydney unit market insights for February

Bridgehill, the well-known property developer behind the popular UNO and JADE residences in Green Square, has recently announced the launch of their latest Green Square project, ALBA.

The group has appointed Westbourne Construction to handle the build of the new development, marking the sixth collaboration between the two.&nbsp;

ALBA will comprise 360 apartments across two buildings of 10 and 15 storeys, with a mix of one, two and three-bedroom apartments, as well as generously proportioned double-storey penthouses.

<img alt="ALBA" data-entity-type="file" data-entity-uuid="e44ae957-151e-4543-980f-783172bb7f81" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAAN%20S050_FINAL2500.jpg?VersionId=PRzPmH9mCESUkOAW_rRDzdYds2pWsb6z" />

Westbourne will also complete the roadworks and public domain which divide the buildings.&nbsp;

Designed in collaboration by McNally Architects and Sissons Architects, ALBA will feature warm, textured terracotta masonry, paying homage to Green Square's rich industrial heritage.&nbsp;

Completed is slated for Q3 2024.

Located in the heart of one of Sydney's most vibrant and eclectic neighbourhoods and just four-kilometres from the CBD, ALBA is surrounded by a wealth of urban delights.

<img alt="ALBA" data-entity-type="file" data-entity-uuid="9f3815e7-6f56-4020-ab5a-8cf3f11c0636" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/LAAN%20S040_FINAL2500.jpg?VersionId=6M3eASdOA1r2NIT6l0j1bq78Mwfjm5f9" />

From dog-friendly parks and vibrant galleries to the bustling precincts of Alexandria, Waterloo, Erskineville, and Kensington, there is always something new to discover in this dynamic part of the city.

Residents will also be within proximity to the popular Grounds of Alexandria and Carriageworks, as well as Green Square Library and Bourke St Bakery. The project is just 200 metres from Green Square Station.

[smartcode_project_cta:default project_id=138830]

ALBA will comprise 360 apartments across two buildings of 10 and 15 storeys

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