One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Joel Robinson

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada Australia doubles down in Campsie with 33-storey Metro-front tower plans

For the first time in a long time, Australia's inflation story is starting to look more like a landing than a fight.

The latest Consumer Price Index figures from the Australian Bureau of Statistics showed annual inflation eased to four per cent in May, down from 4.2 per cent in April. On the surface, that might not seem like a major move. Inflation remains above the Reserve Bank's target range and some categories continue to record stubborn price growth.

But the significance of this result lies less in where inflation sits today and more in what it means for where interest rates are likely heading next.

The biggest takeaway is that inflation continues to move in the right direction.

Markets had been bracing for another sticky result after a period where progress appeared to stall. Instead, headline inflation came in softer than expected, helped by falling fuel prices and easing transport costs. Annual transport inflation halved from 6.6 per cent in April to 3.3 per cent in May, while automotive fuel prices fell 11.9 per cent during the month following lower oil prices and the impact of reduced fuel excise measures.

While petrol prices don't solve Australia's affordability challenges, they are one of the most visible and immediate costs for consumers. Falling fuel costs feed through the economy quickly, helping ease pressure on household budgets and business operating expenses.

The ABS data also showed headline inflation is now sitting at its lowest annual level in several months, reinforcing the broader trend that price growth is gradually moderating.

That trend is important because it aligns with what many economists and lenders have been saying for the last month.

Prior to this week's inflation data, ANZ, NAB and Commonwealth Bank had all shifted their forecasts, now believing the Reserve Bank had likely reached the peak of the interest rate cycle. Following the May inflation release, ANZ reaffirmed that view.

In its latest economic update, ANZ said it expects quarterly trimmed mean inflation to come in at 3.7 per cent for the June quarter, slightly below the Reserve Bank's forecast of 3.8 per cent. Importantly, the bank said that outcome, when combined with slowing economic activity, "supports our view that the cash rate has peaked".

The Reserve Bank has spent the better part of three years attempting to bring inflation under control through higher interest rates. If Australia's major banks are correct and rates have now peaked, the conversation shifts from how much higher rates could go to when they might begin coming down.

Westpac's caution comes from underlying inflation. The trimmed mean, the measure most closely watched by the Reserve Bank, increased from 3.4 per cent to 3.6 per cent annually. Housing inflation remains elevated at 6.5 per cent, reflecting ongoing increases in rents, electricity costs and new dwelling construction.

Electricity prices remain particularly problematic, rising 21.1 per cent over the past year following the removal of government rebates.

Housing construction costs are also showing signs of renewed pressure. ANZ noted new dwelling costs rose 0.9 per cent in May and are now running at an annualised pace of 8.6 per cent over the past three months. Builders continue to face higher labour, fuel and material costs, a reminder that inflationary pressures have not completely disappeared.

Housing affordability has deteriorated largely because of higher interest rates rather than higher property prices alone. Even modest reductions in mortgage rates would improve borrowing capacity, increase buyer confidence and reduce repayment pressure on existing homeowners.

While August is far from a certainty, the latest inflation result has strengthened the view that the next move in rates is more likely to be down than up. For borrowers, buyers and the development sector, that alone represents a significant shift from the conversation that dominated much of the past two years.

The inflation result the property market was waiting for

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?

With riverside dining, local city gardens and a thriving arts precinct, Southbank is a popular choice for Melburnians who want a city home with a neighbourhood feel.

Freshly completed and ready to move in now, FOCUS is Southbank’s newest residential tower.

Rising 50 levels above a premium Southbank location on City Road, it’s the latest project from award-winning developer Central Equity.

[smartcode_project:default project_id=3260 project_image_fid=206126]

There are a range of one, two and three-bedroom apartments on offer in FOCUS, designed with space and family living in mind.

Prices start from $499,000 for the one-bedroom apartments. The two-bedroom apartments, which have proven popular with the owner-occupier market, start from $729,000.&nbsp;Family-sized three bedroom apartments start from $969,000.

Central Equity's Sales Manager Neil Singh says when the designs were drawn up for FOCUS, the team wanted the apartments to feel like true city homes.

"Our designs have elevated 2.7m high ceilings, which makes a big huge difference in apartment living," Singh says.

[smartcode_project:default project_id=3260 project_image_fid=206123]

“Apartments also include private balconies and many designs include a separate study area. So they’re a fantastic choice for students or city professionals who need a home office.”

“We've also got extensive resort-style facilities inside the building, including a 17-seat luxe theatre to an indoor heated pool, sauna, a gym with strength and cardio zones, and resident dining and lounge areas complete with landscaped terraces, barbecues and outdoor seating.”

[smartcode_project:default project_id=3260 project_image_fid=206134]

Buyers have been sold on the location of FOCUS, which places residents on the doorstep of the arts precinct and its upcoming $1.7 billion revamp.

"Southbank has a leafier feel than the city," Singh says, adding that the suburb still offers all the pros of inner-city living.

"Within minutes, residents can be at the NGV and Arts Centre, or walk less than a kilometre to reach the Queen Victoria Gardens" he adds.

Central Equity is hosting a grand opening event at FOCUS from January 28 to February 12, which will give prospective buyers an insight into what it's like living in this brand new tower.

There will be nine fully-furnished apartments plus resident facilities on display, allowing visitors to get up close and personal to the FOCUS range.

[smartcode_project_cta:default project_id=3260]

Complete and ready to move in now, Central Equity’s latest project is open to the public with a Grand Opening from Jan 28 to Feb 12

FOCUS Melbourne: Inside Southbank's newest residential address

Iris Capital’s first foray into the Broadbeach market places residents in the heart of the sought-after locale.&nbsp;

The group, led by CEO Sam Arnaout, are constructing two towers at the 20 Albert Street site, Victoria Residences and Albert Residences, named after the prime site location on the corner of Victoria Street and Albert Avenue.

They will home a combined 401 apartments that will take in all the best the beachside suburb has to offer, with over 50 restaurants and cafes within 300-metres of the doors of Victoria &amp; Albert.&nbsp;

&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=178909]

Part of the $800 million project will see a huge new commercial centre built beneath residents, which will become Broadbeach's premier retail and dining precinct.

With an array of beaches a mere stroll from the steps of Victoria &amp; Albert, including Kurrawa and Mermaid Beach, residents will be hard pressed to find a reason to venture too far.&nbsp;

“V&amp;A is arguably the Gold Coast’s most walkable new address. Everything you need is at your fingertips,” Arnaout said.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=198884]

“V&amp;A is attracting premium buyers looking for that magical combination of lifestyle, amenity and location.”

While there will be retail on their doorstep, the landmark&nbsp;Pacific Fair Shopping Centre is just a 10-minute walk away. Even closer is the Oasis Shopping Mall, located right across from V&amp;A and is home to a range of boutiques, eateries, and a supermarket.&nbsp;

Broadbeach North light rail station is a five-minute walk from V&amp;A, providing both tram and bus links to the wider Gold Coast region, with key links to the neighbouring Helensvale as well as the Gold Coast University Hospital.&nbsp;

Broadbeach is known for its lively nightlife, with a number of bars, clubs, and casinos located within the neighbourhood, including The Star, which is just 700-metres from the site.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=198887]

Art and music lovers will be just under a 10-minute drive to the recently redeveloped HOTA (Home of The Arts) precinct on Chevron Island, in addition to a number of art galleries and performance venues that are scattered among the suburb.&nbsp;

The Gold Coast hinterland, which is located just a short drive inland from Broadbeach, offers a variety of scenic trails for hiking and cycling enthusiasts, with Lamington National Park and Springbrook National Park two popular destinations.

[smartcode_project:default project_id=107928 project_image_fid=208690]

The nearby Nerang River provides further outdoor pursuits, with the 62-kilometre stretch of water a busy spot for local fishers.&nbsp;

One, two, three and four-bedroom apartments can still be purchased in the development, with prices starting from $810,000.

Read more:&nbsp;<a href="/news/qld/why-sydneysiders-are-buying-apartments-in-broadbeachs-v-a">Why Sydneysiders are buying apartments in Broadbeach's V&amp;A</a>

Read more:&nbsp;<a href="/news/qld/the-best-communal-facilities-in-broadbeach-inside-victoria-alberts-resident-amenity">The best communal facilities in Broadbeach? Inside Victoria &amp; Albert's resident amenity</a>

[smartcode_project_cta:default project_id=107928]

“V&A is arguably the Gold Coast’s most walkable new address. Everything you need is at your fingertips,” Arnaout said.

Over 50 restaurants and cafes within 300 metres: How Victoria & Albert embraces the best of Broadbeach

Sydney development group Top Spring Australia has sold the second penthouse within its Ode Double Bay development, fetching a price of a cool $21.49 million.&nbsp;

The 219 sqm penthouse, which features an upper level with a private 111 sqm rooftop terrace, complete with a spa and landscaped entertaining spaces, was sold to a couple seeking to downsize from their five-bedroom harbour-front residence in Sydney’s eastern suburbs.

The penthouse comprises three-bedrooms, three-bathrooms, a media room and multiple living and dining zones. The master bedroom features a custom walk-in robe with leather finishes and an oversized bathroom complete with a freestanding bath, double shower, marble bench tops, and travertine flooring.

A private wine cellar adjoins the expansive entertainer’s kitchen and butler’s pantry, finished in natural stone bench tops, custom joinery and a choice of either timber or travertine floors.

<a data-entity-type="file" data-entity-uuid="6fe53e49-7222-42dd-8022-2d2979098465" href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="Render of Ode Double Bay" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ODE_External%20Hero.jpg?VersionId=HL7i0pU6L.bhRT2gFhKf8_sUkRq85IMw" /></a>Render of Ode Double Bay. Image supplied.&nbsp;

It’s the third time Ode has broken the previous pricing record of $16.092 million in the blue-ribbon suburb, with the adjoining penthouse selling off the plan for $24.9 million and a sub-penthouse selling for $17.495 million.

Top Spring Australia Managing Director, Sydney Ma, said the sale of the two Ode penthouses to local buyers is a testament to its exceptional architecture and location, and its enduring contribution to the renaissance of Double Bay.&nbsp;

“From its refined architecture, artwork and concierge service to the vibrancy of the custom interiors and ground floor retail spaces, Ode’s contribution ultimately extends beyond that of a residential experience, to a complete and unrivalled lifestyle experience,” Ma said.&nbsp;

All three record-breaking sales were brokered by 1st City Real Estate Group.

Managing Director Brad Caldwell-Eyles said wine collecting is a passion of the latest penthouse purchasers.

“The wine room was certainly a real draw card, alongside the lifestyle, convenience, outlook and quality that comes with living at Ode Double Bay,” Caldwell-Eyles said.

“Our buyers are very active in golf, travel and their family office’s business interests, and the opportunity to downsize from their five-bedroom harbourfront home to this exquisite three-bedroom plus media room penthouse was perfectly timed.”

<a data-entity-type="file" data-entity-uuid="2081b6a5-3583-470c-80f2-a76e373ea38a" href="/new-apartments/ode-double-bay-19-27-cross-st-double-bay-nsw-2028"><img alt="Render of the wine room in Ode Double Bay" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21187_214_HR.jpg?VersionId=e7aK1JdNrOAgtRVvGo5tY2rgMwe_siIN" /></a>Render of the wine room in Ode. Image supplied.&nbsp;

The five-storey development, designed by Luigi Rosselli Architects, comprises 15 three and four-bedroom apartments and 600 sqm of ground floor retail space, most of which has been sold to leading Sydney restaurateurs.

Double Bay institution, Indigo, will move into 300 sqm of Ode’s retail space and local fine dining offering, Carte has secured 137 sqm of space with plans to relocate its modern art and fine dining experience.

Located at 19-27 Cross Street, the corner site also directly links to local retail and dining offerings, and is located close to local beaches, parks and public spaces.

The remaining three-bedroom apartments start from $9.695 million, while the four-bedroom 
residences start from $11.995 million.

Demolition of the existing site commenced in September 2022, with the main construction phase due to commence in early 2023. Construction is scheduled to wrap by early 2025.&nbsp;

[smartcode_project_cta:default project_id=113405]

Downsizers splash $21.49 million on Ode Double Bay penthouse 

Golden Age Group have doubled down on their footprint in Glen Waverley, bringing to the market a collection of townhomes having completed construction of their Sky Garden development atop The Glen Shopping Centre.

The group have engaged renowned architects Rothelowman to design the Floret townhomes, which will see 77 residences developed on the Ferntree Gully Road site.

Defined by its sense of community, Floret takes advantage of the opportunity for social interaction, both within the development as well as within the community, which is home to a broad range of residences.&nbsp;

[smartcode_project:default project_id=104680 project_image_fid=207725]

Playgrounds and green spaces weave their way throughout the neighbourhood, drawing residences outside, while intrinsic links to nearby schools and family-orientated amenity bring a true sense of community to the area.&nbsp;

Each of the townhomes are poised for multigenerational arrangements with generous proportions and considered, flexible layouts.&nbsp;

“Through abiding design both inside and out, Floret has been thoughtfully crafted for those growing up, growing old and everything in between.”

Remaining agile to the ebbs and flows of life, the townhomes have been crafted to fit a number of discerning lifestyles through tailored interiors which explore texture, colour, and spatial planning that supports life’s daily movements, offering spaces to both entertain and relax. &nbsp;

Sitting at the heart of Melbourne’s east, Floret exists at the fore of Glen Waverley’s rich and ever-evolving social, commercial, and cultural landscapes.&nbsp;

The immediate neighbourhood offers a mix of tranquillity and vibrancy, with residents near to transport, shopping, educational, cultural, recreation and civil infrastructure.&nbsp;

[smartcode_project:default project_id=104680 project_image_fid=207729]

With numerous bus routes and a stop dedicated to Floret on Ferntree Gully Road , immediate access to the Monash Freeway and Huntingdale Station is a mere 15 minutes away.

Populating the surroundings are over 40 educational facilities, from childcare to Monash University, which is just two minutes from Floret, while institutions such as Brentwood Secondary College, Caulfield Grammar School, Deakin University, Glen Waverley South Primary and Wesley College also find a home in the locale.&nbsp;

The immediacy of Brandon Park Shopping Centre and the close convenience of The Glen Shopping Centre round out a comprehensive offering of lifestyle essentials with a myriad of eatery options also on-hand, such as Black Flat Coffee Roasters, the Code Five Cafe and Marble Yakiniku.&nbsp;

Recreational pursuits are also in abundance within Glen Waverley, with the neighbourhood home to a number of green spaces, including Brandon Park Reserve, Jells Park and Central Reserve Park, along with the Glen Waverley Golf Course, the Riverside Golf Course, Monash Aquatic and Recreation Centre, Notting Hill Tennis Club, Village Cinemas and a Strike Bowling.&nbsp;

Three and four-bedroom townhomes are available, with prices starting from $995,000.&nbsp;

[smartcode_project_cta:default project_id=104680]

Each of the townhomes are poised for multigenerational arrangements with generous proportions and considered, flexible layouts

How the new Glen Waverley townhouse development Floret fits into the established suburb

A local developer has lodged plans for an apartment project in the Sydney's affluent suburb of Mosman.&nbsp;

The development, at 5 Brady Street near Spit Junction and Bridgepoint Shopping Centre, is currently home to a four-storey former aged care facility, which will be retained in the $16.3 million development, with intentions to reduce the existing height and bulk of the building, in addition to internal wall alterations to accommodate the proposed apartments.&nbsp;

The proposed development intends to reduce the height and the bulk of the existing building, with alterations to the internal walls to accommodate the proposed apartments.&nbsp;

Just 13 apartments will be constructed across the 1516 sqm site, with two two-bedroom and 11 three-bedroom residences.&nbsp;

Multi-disciplined design practice PBD handled the architecture for the project, with Managing Director, Paul Buljevic, noting in the group’s design statement that the proposal reflects the current market demands in Mosman.&nbsp;

Taking inspiration from its locale, the building takes on a restrained palette, with brick and metal cladding donning the exteriors, with screens and battens adding an elegant finish.&nbsp;

The elevations have been varied throughout, responding to sun, views and the setbacks within the building, with foliage and landscaping spilling over the edges.&nbsp;

The apartments have been designed to maximise the building’s north-facing aspect, inviting natural light and cross flow ventilation in.

“Apartments are open plan in design providing a free flowing living quality with generous open space for occupant flexibility," the report stated.

Each will connect to a private open space, with the ground floor apartments benefitting from external courtyards which are oriented toward the street, promoting further street activation.&nbsp;

<img alt="Mosman" data-entity-type="file" data-entity-uuid="48cac8ba-449d-4177-9040-f07a29409a61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-25%20at%209.18.54%20am.png?VersionId=dUuqLlApTYvhF1w7rreG5VsEtEfKy4YM" /> 
An aerial photograph of the site and surrounds showing the heritage items in the vicinity. Source: Mecone Mosaic 2021 
&nbsp; 
A close collaboration with Ground Ink Landscape Architects has resulted in extensive planting and trees throughout. The original landscaping to the front of the building will be retained, maintaining the site’s current street character, while the north-west boundary will have additional deep planting, providing privacy to the building as well as solar shading in the summer months.&nbsp;

Drawing upon the unique heritage of the neighbourhood, predominantly native planting has been utilised throughout, blending the boutique building into the streetscape.&nbsp;

Lush landscaping will be incorporated across each of the common areas as well, with the ground floor and rooftop communal space brimming with greenery.&nbsp;

Crowning the building will be an exclusive four-bedroom apartment, set across two levels, with an extended balcony space alongside the communal rooftop deck, complete with alfresco dining/seating and a spa.&nbsp;

Future residents will be within close proximity to a range of everyday essentials, including public transport, supermarkets, recreation and leisure facilities and schools.&nbsp;

[smartcode_project_cta:default project_id=138316]

Just 13 apartments will be constructed across the 1516 sqm site, with two two-bedroom and 11 three-bedroom residences

First look: Plans lodged for boutique apartment development in Sydney's Lower North Shore

Despite generous government incentives in place for first home buyers, and investors seeing record rental yields due to the current rental market boom, both demographics are contracting when it comes to new lending.

First home buyer numbers dwindled again in November, to be over 30 per cent down since November 2021 and 50 per cent down from the January 2021 peak,&nbsp;according to stats from the Australia Bureau of Statistics.

Investor loans written declined 3.8 per cent in November to be 23 per cent down since November 2021.

Some developers are putting their strongest foot forward to differentiate themselves from other developers and projects, offering their own incentives to prospective buyers.

Traditionally, given investors and first home buyers are traditionally very different buyers, developers tend to offer two different incentives which cater for each of their needs.

Developer Piety Group are offering free strata levies at their recently completed Wentworth Point apartment precinct,&nbsp;ONE The Waterfront.

[smartcode_project:default project_id=5751 project_image_fid=209846]

The two years of no strata levies equates to around&nbsp;$11,000&nbsp;in savings. They're also offering&nbsp;for a limited time&nbsp;purchasers&nbsp;to exchange&nbsp;with just a five per cent deposit, as opposed to the traditional 10 per cent.

The one-bedroom apartments in ONE The Waterfront are priced from $599,000, meaning buyers will only have to face an upfront cost of $30,000. The apartments, despite complete, still fall under&nbsp;the&nbsp;first home owners grant threshold

First home buyers also now can pay no stamp duty on apartments under $1.5 million, as part of the NSW Government's new First Home Buyer Choice scheme.

Sam Elbanna&nbsp;from project marketer&nbsp;Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city.

[smartcode_project:default project_id=5751 project_image_fid=209835]

"There is simply no way this development can be replicated and sold at these prices again in such close proximity to the Sydney and Parramatta CBD’s," Elbanna added.

"The apartments are well thought out, finished superbly and located in a genuine resort style development with swimming pools, a fee free commercial gym, tennis courts and outdoor rooftop cinemas," Elbanna said.

There is also CLUB ONE, a community centre that includes&nbsp; another private cinema.

The new scheme is part of a conscious effort from Piety Group&nbsp;and Laver Residential Projects&nbsp;to offer their buyers the best value for money compared to their competitors.

&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195420]

Toward the back end of 2022, Piety&nbsp;and Laver Residential Projects recognised that buyers were concerned about increases in interest rates,&nbsp;consequently&nbsp;offering an industry first&nbsp;freeze on interest rates hikes&nbsp;so buyers, both owner-occupiers and investors, could freeze their rate when they purchased. The offer&nbsp;covered the cost of future interest rate rises of up to one per cent over two years to help reduce the mortgage costs for buyers should the Reserve Bank of Australia continue to lift the cash rate.&nbsp;

The incentives have seen buyer demand surge right through Christmas and into 2023, with a number of the one-bedroom apartments picked up by both demographics, and some quickly rented by investors.

A 2017 buyer of a one-bedroom apartment recently secured nearly $600 a week, representing a rental yield of over five per cent,&nbsp;considerably higher than the average rental yield of 3.4 per cent in and around Sydney. The apartment was snapped up after just one day.

The Amalfi Drive development,&nbsp;is&nbsp;conveniently located for commuters near the Sydney Olympic Ferry Terminal and&nbsp;has&nbsp;easy access to the Western Motorway,&nbsp;It&nbsp;was designed by Stanisich Architects who say ONE The Waterfront is crafted, contemporary and connected - three key ideas that underpin the aesthetic for the development.

&nbsp;

[smartcode_project:default project_id=5751 project_image_fid=195430]

The project sits on the doorstep of Bay Park's 5,000 sqm of parklands, which feature a children's playground, fitness station, and further barbecue facilities.

“Buyers are yet to grasp the likely value increases that are coming due to a number of factors,” Elbanna said.

“The new light rail station is opening up directly in front of the development providing&nbsp; fantastic and convenient public transport, whilst the new surf park will provide further entertainment for residents.”

[smartcode_project_cta:default project_id=5751]

Sam Elbanna from project marketer Laver Residential Projects, who are selling ONE The Waterfront, says the project is one of the most affordable within 15 kilometres of the city

How Piety Group are attracting first home buyers and investors to ONE The Waterfront apartments in Wentworth Point

Recently we visited Essendon to check out the display suite of Kincrest's The Watson. The development features just 37 luxury residences designed by an industry-leading team and boasting incredible views.&nbsp;

Take a look at our video tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/aJkGszRzom8" title="YouTube video player" width="660"></iframe>

<h2 style="line-height: 1.38; text-align: justify;">THE WATSON AT A GLANCE</h2>

Address: 1 Thorne Street, Essendon 
Developer: Kincrest 
Architect: Rothelowman 
Interior designer: Telha Clarke

[smartcode_project_cta:default project_id=135737]

Located at 1 Thorn Street, Essendon, you're just 20 minutes from Flinders Station, with convenient access to the M2. The Watson is only 3 minutes to the DFO, a 12-minute walk to Essendon Station, and you've got trams on your doorstep that run every 8 minutes. You'll also love exploring North Essendon Village for local retail and dining.

One of the drawcards to buying into a suburb as established as Essendon is you're spoilt for choice, with many great retail stores, eateries and amenities within minutes from your home.

[smartcode_project:default project_id=135737 project_image_fid=207820]

The Watson's striking facade is the work of award-winning architect, Rothelowman, which will see an abundance of floor-to-ceiling glazing, vertical greenery and elegant panelling, providing a visually appealing structure to the prominent corner site.&nbsp;

Interior designer, Telha Clarke, has curated living spaces that make the most of the incredible city skyline views, with quality materials selected to stand the test of time structurally and style-wise.&nbsp;

[smartcode_project:default project_id=135737 project_image_fid=207821]

In the kitchen, you've got top-of-the-line Miele appliances. The homes also feature a neutral tonal palette with timber flooring throughout and plenty of space for entertaining.

The Watson is also set to achieve a 7-star green star rating* for environmental sustainability.

The development includes:

<ul>
	<li aria-level="1">45k L water tank</li>
	<li aria-level="1">Solar power</li>
	<li aria-level="1">EV charging accessibility</li>
	<li aria-level="1">Thermal and acoustic treated double glazing</li>
	<li aria-level="1">Individually monitored and temperature-controlled rooms</li>
	<li aria-level="1">Secure bike storage</li>
</ul>

[smartcode_project:default project_id=135737 project_image_fid=207827]

Whichever apartment you opt for, each room captures a unique vista - overlooking the city, Lincoln Park, the Californian-style palm trees, and even the bay.

All homes are also sold with a minimum of 2 carparks situated within the secure basement.

Kincrest has a soundtrack record as a developer, having already sold out multi-residential developments Stanhope and Armytage.

[smartcode_project:default project_id=135737 project_image_fid=207847]

If you want to be one of the 37 lucky buyers to secure a home at The Watson, then submit your enquiry today via Urban. And if you'd love to catch more videos in our display suite tour series, then subscribe to our Youtube channel.&nbsp;

Olivia Round

Display Suite Tour Video: The Watson by Kincrest at 1 Thorn Street, Essendon

Melbourne and Sydney developer Fortis has won planning approvals for two projects in Richmond.

Construction on 8 Brighton Street and the adjoining 5 Wiltshire Street in the city-fringe suburb is expected to commence later this year.&nbsp; 
​ 
​As one of the most substantial development parcels to be consolidated in Melbourne’s city fringe area in recent years, the projects will establish a brand new residential, commercial and retail precinct in Richmond.

The two projects collectively occupy 15 blocks of land, creating one major development. Both sites are being designed by prominent multi-disciplinary design studio SJB, and development will be funded by Pallas Capital. 
​ 
​The approved plans include the creation of a pedestrian-priority food and beverage retail boulevard along Wiltshire Street, opening up and connecting Brighton Street with Little Lesney Street, and creating six leasing opportunities. 
​ 
​“Our approach with our Richmond projects is similar to our work in Double Bay, where we have considered not just the development of our sites, but also how it could enhance the broader neighbourhood," Fortis Director Charles Mellick says.

"The project will bring to market exclusive food and beverage amenities for approximately 1500 workers and over 150 residents who will call it home, along with the wider Richmond community. We are grateful to the City of Yarra for the planning approvals and are looking forward to working closely with the community to deliver a superior product."

<img alt="Fortis" data-entity-type="file" data-entity-uuid="3b3898d5-1067-4d52-95d1-999463cacfbb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-24%20at%2010.15.41%20am.png?VersionId=M2Xrnkn0LcwY2G8nFuoJu15EdQNko19q" /> 
​ 
Mellick says this is one of the most substantial site acquisitions for the suburb and the Melbourne city-fringe area.

"With an expected end value of approximately $300 million, we are confident that the project will set a new standard for premium commercial and residential space in the area.”&nbsp; 
​ 
​Located off the prominent Church St and Swan St intersection, 8 Brighton Street is a 1,298 sqm site and was acquired by Fortis for around $20 million. A new build on the site will offer 12 levels of mixed-use space, with ground floor retail and commercial space on two podium levels offering 2,500 sqm in NLA, followed by 55 apartments across nine levels.

Boasting three street frontages, the project will offer residents unobstructed north and south views, alongside exclusive access to the rooftop amenities, including wellness areas, working from home spaces and barbecues. All residents will also have exclusive access to three levels of basement parking.

The neighbouring site at 5 Wiltshire Street, acquired for around $33 million, consists of nine individual lots totalling 1,432 sqm.

The proposed development will comprise 11 levels of commercial space and three levels of basement parking. Offering 11,000 sqm NLA, the project will offer uninterrupted views of the city skyline, premium EOT facilities and an activated rooftop with barbecues, a bar, wellness areas, workspaces and communal social spaces exclusive to its tenants.&nbsp;

<img alt="Fortis" data-entity-type="file" data-entity-uuid="7ee8110d-0153-49a6-8a81-e9743a3bfc2e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-24%20at%2010.15.47%20am.png?VersionId=6.Pqe8xaHsttBqwlbKp1jCCazPAS09G6" /> 
​ 
​A highly desirable city-fringe location, Richmond is the existing beating heart of amenity within Melbourne. The brand new residential destination is located on the doorstep of East Richmond Station with additional direct access to multiple high frequency tram stops, allowing easy entrance to the Melbourne CBD and other key business areas.

The sites are a short walk away from a wide range of restaurants, bars, gyms, wellness studios, supermarkets and other amenities along Swan Street and Church Street. Other recreational options in the vicinity include Barkly Gardens, MCG and Melbourne Park.&nbsp; 
​ 
​Pallas Group is the parent company of real estate financier and investment manager, Pallas Capital, and property developer, Fortis. The expected end value of Fortis projects currently under construction or under a planning proposal is $5 billion nationwide.

Fortis secures planning approvals for $300 million mixed-use Richmond project

Brisbane-based South East Queenslander developer Spyre Group has secured another off the plan penthouse record.

Having broken the record for the most expensive apartment sale in the Gold Coast (and Queensland) last year when they sold the penthouse of their Burleigh Heads project Glasshouse for $20 million, Spyre has marked the same feat in Brisbane.

They've already sold the penthouse in their striking New Farm project Moray House, on the riverfront Moray Street in New Farm.

[smartcode_project:default project_id=105057 project_image_fid=209770]

The penthouse has 800 sqm across two levels, and will feature its very own sky garage. The sale equates to nearly $20,000 per sqm.

Simon Caulfield at Place Kangaroo Point sold the apartment to a couple who live on Moray Street.

Spyre Group Director Andrew Malouf says the bueau^proberts-designed development will&nbsp;solidify Brisbane’s status as a destination for prestige property.

[smartcode_project:default project_id=105057 project_image_fid=209775]

There are only six apartments in the architecturally-impressive, with prices starting from $9 million. The apartments have an average living space of 320 sqm.

“The starting price of $9 million owed itself to the development’s exceptional location and craftsmanship,” Malouf said.

“This property will be both a first and last of its kind.

“Each apartment can be individually curated for the new owners with custom components that allow these homes to truly classify as ‘one of one’. These include a lap pool, sky garages, wellness rooms and personalised gyms.”

[smartcode_project:default project_id=105057 project_image_fid=209774]

Moray House will feature natural materials that reflect the surrounding topography, elegant curves, stonework and cabinetry.

“While the design is breathtaking, the added appeal is the direct access to the Brisbane riverwalk and the views of the Story Bridge and city skyline from every residence.”

Spyre Group Design Manager Kent Pinel said Moray House residents would enjoy a home specifically built for sub-tropical living at an unrivalled location.

“It will present locals with a redefined vision of what a personal sanctuary ought to be,” Pinel said.

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The penthouse has 800 sqm across two levels, and will feature its very own sky garage. The sale equates to nearly $20,000 per sqm.

Spyre secure $15.75 million Brisbane apartment record at Moray House, New Farm riverfront development

Leading south-east Queensland developer Siera Property Group has purchased a prime absolute beachfront site at Bilinga on the southern end of the Gold Coast for $16 million.&nbsp;

The 1,214 sqm at 303 Golden Four Drive has existing development approval for an 11-storey residential building comprising 19 three and four-bedroom apartments and penthouses, and premium resident amenities.&nbsp;

Siera Founder and Managing Director, Brent Thompson, said the site’s beachfront location, existing DA approval and advanced construction negotiations added significant value and made it a strategic addition to the group’s growing Gold Coast portfolio.&nbsp;

“The existing development approval is 50 per cent higher than other existing approvals in the area, enabling the penthouses and apartments on the upper levels to access sweeping ocean views, north to the Broadbeach-Surfers Paradise skyline and out to the hinterland mountains,’’ Thompson said.&nbsp;

“The existing approval also cuts 12 to 15 months off our project timeline, allowing us to move quickly on construction.&nbsp;

“We have been talking with several builders who are keen to be involved in this project, with one highly engaged builder working toward a June 2023 start.”&nbsp;

pipi[smartcode_project:default project_id=138311 project_image_fid=217333]

Thompson said Ellivo Architects, who completed the original development application, are continuing on the project and will soon lodge a minor change to the DA to improve the floor plans for the new project, <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis Bilinga</a>.&nbsp;

“We are leaving the rest of the building design untouched as it already is very beautiful,” he said.&nbsp;

“Sites with direct beach access are becoming increasingly rare and our research demonstrated a growing undersupply of luxury apartments in what remains an affordable beachside suburb.&nbsp;

“Absolute beachfront at Bilinga generally is between $13,500-$15,000 per square metre, compared to other areas of the Gold Coast that command up $20,000 per sqm.’’&nbsp;

[smartcode_project:default project_id=138311 project_image_fid=217334]

Antonio Mercuri, of development site amalgamation specialists GV Property Group, sold the prime site. Mercuri said the site offered a rare proposition which doesn't come around often.

"True uplift was supported here from its unique 11 level approval, where the majority of projects are maxed out at seven or eight levels in the area," Mercuri says.

"The approved DA brings a quality designed building that is backboned by the A-Grade beachfront position in the highly demanded southern Gold Coast."

[smartcode_project:default project_id=138311 project_image_fid=217340]

Mercuri and his team sold&nbsp;309 Golden Four Drive, now Si Bilinga, and then 313 Golden Four Drive, now the apartment project Navani, and neither project pushed for the 50 per cent uplift in height that that 303 Golden Four Drive&nbsp;achieved.&nbsp;&nbsp;

The <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Bilinga development</a> will be Siera’s third tower development on Gold Coast.&nbsp;

The group’s sculptural 22-storey Tapestry development on Chevron Island is now selling and last month Gold Coast City Council approved its application for a 25-storey tower on Enderley Avenue in Surfers Paradise.&nbsp;

[smartcode_project:default project_id=108641 project_image_fid=192964]

“Siera has made a long-term commitment to the Gold Coast, delivering high standards of design and lifestyle amenity in established locations,’’ Thompson said.&nbsp;

“Our niche is identifying locations that are undervalued and are commencing their "coming of age" and we then look to design, or in this case modify the design, to suit our future residents.&nbsp;

“Our vision for Bilinga is to provide a premium owner-occupier experience that reflects the area’s relaxed beachside lifestyle, with all residences enjoying high-end facilities and uninterrupted ocean views. It will be as unique as it is stunning.”&nbsp;

Bilinga and neighbouring Tugun and Kirra are undergoing a significant regentrification with several new cafes and restaurants under development. The location is also close to local surf clubs, Southern Cross University, Gold Coast Airport and the Coolangatta-Tweed Heads entertainment precinct.&nbsp;

The 1,214 sqm at 303 Golden Four Drive has existing development approval for an 11-storey residential building comprising 19 apartments


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