<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

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&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

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&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

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&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

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&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

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Joel Robinson

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Kew has long been regarded as one of Melbourne's premier residential suburbs. It's a location defined by its grand period homes, leafy streets and some of the city's most prestigious schools, yet it has often sat just outside the spotlight cast on neighbouring Hawthorn and Camberwell.

Increasingly, however, buyers are recognising that Kew offers much of what draws people to those suburbs, with a quieter residential setting, exceptional amenity and long-term owner-occupier appeal.

Within a few minutes' walk, residents can access Kew Junction, one of Melbourne's most established village centres. Cafés, bakeries, restaurants, supermarkets, boutique retailers and everyday services are all on the doorstep, with local favourites including Centonove, Adeney Milk Bar Cafe, and Frank &amp; Harri creating the type of walkable lifestyle that has become increasingly difficult to find in Melbourne's inner east. Beyond the immediate neighbourhood, Glenferrie Road's renowned shopping and dining precinct in Hawthorn and the retail, dining and entertainment offerings of Camberwell Junction are both just a short drive or tram ride away.

The suburb is equally well connected. Tram routes 48 and 109 provide direct access to the CBD, while High Street and Cotham Road connect residents to the wider inner east.&nbsp;Nearby access to the Eastern Freeway also places the Yarra Valley, Mornington Peninsula and Melbourne Airport within easy reach, adding another layer of convenience for weekend travel.&nbsp;It's a rare combination of connectivity and tranquillity, where quiet residential streets sit just moments from some of Melbourne's most established shopping and lifestyle precincts.

For families, Kew remains one of Melbourne's most tightly held addresses. Carey Baptist Grammar School, Xavier College, Methodist Ladies' College, Trinity Grammar, Ruyton Girls' School and Genazzano FCJ College are all nearby, while the Yarra River parklands, walking trails and sporting clubs provide another layer of lifestyle appeal.

It's within this established pocket that developer Ricdanic is delivering <a href="https://www.apartments.com.au/new-apartments/wimba-ave-kew-9-11-wimba-avenue-kew-vic-3101">Wimba Ave</a>, a boutique collection of just 13 residences across two buildings named after its location on the tree-lined Wimba Avenue,&nbsp;within one of Kew's most prestigious pockets where homes have been known to sell up to and above $8 million.

[smartcode_project:default project_id=140755 project_image_fid=354809]

The residences prioritise the space that buyers are increasingly searching for but struggling to find in established suburbs. Living areas extend beyond five metres in width, ceiling heights range from three to five metres, and apartments open onto private gardens averaging around 125 sqm. Selected residences also feature balconies of approximately 60 sqm, while premium inclusions include Miele appliances, double-glazed windows, EV readiness, fully electric systems and a 7.2 NatHERS energy rating.

Architect Chris Idle says opportunities to deliver homes of this scale within established suburbs have become increasingly uncommon.

"There are very few opportunities to do these kinds of developments in leafy, established suburbs," he says. "To get this level of amenity, natural light, and architectural freedom in such a setting is extremely rare."

[smartcode_project:default project_id=140755 project_image_fid=366267]

The architecture draws on Kew's established character through the use of handmade Krause bricks, while landscaping by John Patrick introduces 23 plant species, including nine native varieties, creating an environment which focuses just as much on nature as it does the building.

Construction on Wimba Ave is well underway by renowned high-end builder Sinjen, with completion expected in late 2027. Prices start from $2.22 million.

[smartcode_project_cta:default project_id=140755]

The enduring appeal of Kew's tree-lined streets and village lifestyle

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

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Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

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From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

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While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

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Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

[smartcode_project_cta:default project_id=342]

Location and lifestyle drive demand at Candela Ivanhoe

As apartment buyers increasingly look beyond the four walls of their residence, the quality and depth of shared amenity has become a defining factor in how developments are designed and experienced, particularly in the high-rise, new apartment development space.

In Southbank, where high-density living continues to evolve, developers are placing greater emphasis on creating environments that support wellbeing, connection, and convenience as part of everyday life.

That approach sits at the heart of <a href="https://www.apartments.com.au/new-apartments/aura-at-melbourne-square-7-hoff-boulevard-southbank-vic-3006">AURA</a>, the latest residential tower in <a href="https://www.apartments.com.au/developers/osk-property">OSK Property</a>’s $3.5 billion Melbourne Square precinct. Rising 67 storeys above Hoff Boulevard, the 673-apartment development has been conceived around what OSK describes as a “vertical wellness ecosystem”, a layered collection of amenities that extends throughout the building rather than being confined to a single podium level.

[smartcode_project:default project_id=151921 project_image_fid=370263]

The amenity offering begins on the seventh level within the AURA Club, a dedicated resident hub focused on health, relaxation, and daily convenience. Here, residents will have access to an indoor swimming pool, cold plunge, spa, sauna, and steam room, alongside a fully equipped gym, reformer Pilates studio, and yoga room.

The wellness facilities are complemented by a range of spaces that acknowledge the changing ways people live and work. Work-from-home lounges and co-working areas sit alongside a library, music room, games room, cinema facilities, and open-air terrace spaces, providing residents with flexible environments that can adapt throughout the day.

[smartcode_project:default project_id=151921 project_image_fid=367468]

Beyond the internal amenity, AURA introduces a series of Japanese-inspired gardens that form a quieter counterpoint to the tower’s social spaces.

Landscaped retreats feature curated outdoor dining, tranquil courtyard seating, fire pit, and a tea house pavilion. Rather than functioning as simple recreational areas, the gardens have been designed as places for reflection and informal gathering, drawing on principles of balance, nature, and calm that underpin the project's broader design philosophy.

[smartcode_project:default project_id=151921 project_image_fid=367810]

The social amenity continues to evolve as residents move higher through the building. Levels 49 and 50 house the Meridian Club, where a lounge bar, conservatory spaces, and private dining rooms take advantage of elevated city views. At the summit of the tower, the exclusive Cumulus Club spans Levels 66 and 67, offering additional lounges, private dining, and meditation and treatment rooms positioned above Melbourne’s skyline.

For OSK Property, the extensive amenity offering reflects a broader focus on wellbeing as a core component of apartment living rather than an added feature.

“Aura stands tall as an exemplar of holistic wellness – its focus on social, physical and mental health culminate in a building that is calming, restorative and relaxing, where residents will have their own sanctuary within the well-connected and sought-after Southbank,” says OSK Property CEO Chong Boon Woon.

[smartcode_project:default project_id=151921 project_image_fid=367796]

AURA’s amenity strategy extends beyond the tower itself through its integration with the wider Melbourne Square precinct.

Residents will have direct access to Kennedy Park, Southbank’s 3,745 sqm landscaped public park, alongside a full-line Woolworths supermarket, childcare centre, hospitality venues, and approximately 1,600 sqm of additional retail planned within AURA’s lower levels. Together, these elements create a highly connected residential environment where daily needs, recreation, and wellness are woven into the fabric of the community.

[smartcode_project:default project_id=151921 project_image_fid=370253]

As Melbourne’s apartment market continues to mature, developments are increasingly judged by the lifestyle they provide beyond individual residences.

Through its combination of wellness facilities, landscaped retreats, social clubs, and precinct-wide amenity, AURA represents a shift toward a more comprehensive model of vertical living, one where shared spaces play as significant a role as the homes themselves.

[smartcode_project_cta:default project_id=151921]

AURA elevates amenity living at Melbourne Square

Builder-developer Scion is the latest to target Sydney's booming Hills Showground Metro precinct, filing plans for more than 100 apartments within walking distance of the station.

Scion has lodged a concurrent rezoning and State Significant Development Application for <a href="https://www.apartments.com.au/new-apartments/27-33-middleton-avenue-castle-hill-nsw-2154">27–33 Middleton Avenue</a>, where it plans to replace four existing homes with an 11 and 14-storey mixed-use development comprising 109 apartments, six affordable housing dwellings, and a ground-floor café.

Designed by BHK Architects, the proposal includes three levels of basement parking with 174 spaces, more than 1,200 sqm of communal open space, and extensive landscaping across the 3,791 sqm site.

The development has been designed as two buildings connected by a recessed wintergarden spine, with the 14-storey building positioned to the south and the 11-storey building to the north.

<img alt="Scion" data-entity-type="file" data-entity-uuid="64dc359d-736b-43b8-87a8-70a8285cab47" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-25%20at%208.47.01%E2%80%AFPM.png?VersionId=PXh.m8id_aevBPHEckPf88wQ2RQThPos" />

The apartment mix has been weighted towards owner-occupiers, with 13 one-bedroom apartments, 55 two-bedroom residences, 31 three-bedroom apartments, six three-bedroom lofts, and four four-bedroom homes. Six apartments will be dedicated as affordable housing in line with the NSW Housing SEPP.

According to the Architectural Design Report by BKH, the proposal seeks to create "a place-responsive architecture" inspired by the natural landscape surrounding Cattai Creek, while strengthening the public domain through landscaping, active frontages and a neighbourhood café.

Atlas Urban, in its Urban Design Report, says the proposal takes a different approach to increasing density around Hills Showground Station by favouring a more slender, vertically articulated built form over a conventional mid-rise outcome. The report argues this allows for greater deep soil planting, improved solar access and a better public domain outcome, while still delivering additional housing close to rapid public transport.

The site sits around 500 metres from Hills Showground Metro Station, within a precinct earmarked for significant residential intensification following the opening of the Sydney Metro Northwest line. Planning documents accompanying the application note that Greater Sydney's population has grown by more than one million people since planning for the precinct first began, reinforcing the need to accelerate housing delivery around existing transport infrastructure.

Scion is expanding its development pipeline which also includes <a href="https://www.apartments.com.au/new-apartments/chatham-west-ryde-2-6-chatham-road-west-ryde-nsw-2114">Chatham in West Ryde</a>, 62 apartments which are approaching completion. They also have a State Significant Development Application with the NSW Government's Housing Delivery Authority for <a href="https://www.apartments.com.au/new-apartments/96-anzac-avenue-west-ryde-nsw-2114">145 apartments on Anzac Avenue</a>, also in West Ryde.

First look: Scion plots Castle Hill apartment development near Hills Showground Metro Station

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?

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.

[smartcode_project_cta:default project_id=105057]

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


Siera secure beachfront Bilinga site for third Gold Coast apartment development, Pipis Bilinga

Sydney's Eastern Suburbs is the most expensive pocket of real estate in the whole of the country.

Whether it's harbourside Point Piper, where four of Australia's most expensive house sales have occurred in recent years, or beachside at Bondi or Bronte, demand for prestige houses is always bubbling away.

In 2022 there were 72 sales settle over the $10 million mark, 32 of those over $15 million, just in the Woollahra LGA alone.

Ray White Projects Managing Partner Eddie Mansour believes prestige turnover could be higher however, if there were more high-end new apartment developments being launched.

"You've got a consistently high turnover of prestige house sales every year in Sydney's most affluent areas," Mansour says.

"With limited prestige developments launching, there's very few places for these sellers to go.

"They could be walking away with over $10 plus million in cash, and want to buy a bolthole in Sydney and another home in a Hinterland or Coastal location, which will ultimately end up as a potential retirement dwelling.

"But there's not enough high-end apartment stock to service these buyers, which makes them hold onto their homes longer."

Mansour says these buyers aren't affected by interest rate movements. If something comes to the market, they can buy it within a day without the same bank approvals the majority of Sydney buyers need.

Last year the Ray White Projects team snappily sold out the second stage of the luxury 1788 Double Bay apartment development, Encore by SJD Property (pictured main and below). In the first stage that has been settled only one of the 26 buyers need a bank valuation, the rest settled in cash.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh3.googleusercontent.com/N4kZ70X8XvJVa-YXuc-e86ry1-RKnovAEwvHhkr0w5UvepuLCiPVUXzW7kHYgemlXi2uQNuGCGcvWX3H8nq46mNA9rSDrOeNmhaAUWTrMNS4KHO-vJ_JyTSzEWjAf7RVjPQcrJh87BylGhSZNZ2gdBVvMrzh8DdHjHYetwoAnyANh4icFTlzv2mW-S1Scw" title="Click and drag to move" width="15" />

<img alt="Encore 1788" data-entity-type="file" data-entity-uuid="c16b813a-480d-4aad-a77d-e1988718f01b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-23%20at%203.52.53%20pm.png?VersionId=DYBMaUrEXWC6_ECG8KiyZ8M.75i3MUyZ" /> 
The Encore 1788 development by SJD Property

Prices for the one-bed apartments started from $2 million.

Mansour says the project acted as a good opportunity for those downsizing locally to secure a bolthole.&nbsp;

"At any given time the building, at best, is about 50 percent occupied. It's predominantly used as the owners' Sydney residence."

Mansour noted a trend during the sales process at 1788, a trend which has become more and more prominent in Sydney's east.

"There were a number of buyers in the project amalgamating apartments, buying two apartments to create one of the largest apartments in the block," Mansour said, adding that amalgamations are something the Woollahra Council are starting to limit.

"They want to try and keep entry level units in new apartment developments affordable for a wider range of buyers, rather than those that have just sold their prestige home and can put together two or three smaller apartments in the building."

Amalgamations were prevalent at the new luxury Bondi Beach development Aqualine on Hall Street, albeit located in the Waverley LGA.<img alt="" data-entity-type="" data-entity-uuid="" height="15" src="https://lh3.googleusercontent.com/LEzA1Ai56jJxEFV6qG7lzg-TXXh263gKJsX4Ps3rEayx16FEcPjB5WPrp6GTQ1z-9oNQMpv7j2nwvPbvjy2TRx3zc6dJQPMAVK4K_BX8uddr9VUyez-EAO9MU1ldqWFEbMUWctml4ozM5Q_bXzX7tvH0wiIzi6KJwRqbbfF2zzwdYyDGRndggs11GjhoVg" title="Click and drag to move" width="15" />

<img alt="Aqualine" data-entity-type="file" data-entity-uuid="137a6c00-6cd3-425e-adfa-4fa929f59344" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-20%20at%2011.23.36%20am.png?VersionId=zBtHwXN6UzmLGWLgH1QKeJI2JibUxSQ." /> 
The Aqualine, Bondi Beach project designed by Koichi Takada

The latest development on Sydney's beaches by prominent architect Koichi Takada, the plans for Aqualine were for 17 apartments, but a number of amalgamations has taken the total number of apartments down to 12.

Ray White Projects have all but sold out the project, with just the $26 million penthouse remaining. That's expected to launch in the next few months, and will be the largest apartment across a single level in Bondi Beach, sprawling some 450 plus sqm.

Mansour says there's been a lot of interest for the project both locally and offshore for the four-bedroom apartment complete with multiple living/entertaining areas and two balconies.

There are less and less approvals coming through councils for high-end apartment developments, Mansour notes, across both Sydney's East and North Shore.

"There were five or six developments we were expected to work on at the back end of this year, however with delays, they're all now pushed out to the start of 2023," Mansour says

Ray White Projects Managing Partner Eddie Mansour believes prestige turnover could be higher however, if there were more high-end new apartment developments being launched

Why demand will always outstrip supply in Sydney's luxury off the plan apartment market: Five minutes with Ray White Projects Managing Partner Eddie Mansour

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