A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

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.

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

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?

Shenfield property is set to transform Mordialloc's old Pompei's Boatworks site into eleven exclusive residences, with thoughtful design paying homage to the site's maritime history. The facade even features angled brickwork mimicking the upward sweep of a bow. If you're looking for a home that exudes modern bayside luxury, this one's for you.

Watch our display suite tour video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/DGBw2CE_7jA" title="YouTube video player" width="660"></iframe>

<h2>JOE'S QUARTER AT A GLANCE</h2>

Address: 557 Main Street, Mordialloc 
Architect:&nbsp;<a data-uw-rm-brl="false" href="/architects/jfkdesign-jackson-fitzroy-kennedy">JFKDESiGN - Jackson Fitzroy Kennedy</a> 
Developer:&nbsp;<a data-uw-rm-brl="false" href="/developers/shenfield-property">Shenfield Property</a>

[smartcode_project_cta:default project_id=134238]

Developer Alister Shenfield has worked with designer Jackson Fitzroy Kennedy for nearly 20 years, with Joe's Quarter being their most ambitious together to date.&nbsp;

Located at 557 Main Street, Mordialloc – you have an abundance of amenities within walking distance, including the local shops, Mordialloc Train Station, and the beach. There's also a great golf club a short drive away, Parkdale Plaza, for all your shopping needs, and Melbourne CBD is just a 45-minute drive via the M1.

[smartcode_project:default project_id=134238 project_image_fid=206644]

JFKDESiGN has incorporated solid and robust materials paired with elegant brass details and timeless fittings, creating a series of homes exemplary of refined modern architecture.

The thoughtfully positioned glazing takes advantage of the site's access to stunning creek and bay views – with residents enjoying skyline views from level three.

[smartcode_project:default project_id=134238 project_image_fid=206643]

Two interior design schemes evoke the feeling of a serene retreat – with beautiful laminex joinery in the colour terril for the twilight scheme and green slate for the saltbush scheme.&nbsp;

Timber is also prominent throughout the home, with veneer joinery in the kitchen and American Hickory wide plank matt floorboards.&nbsp;

[smartcode_project:default project_id=134238 project_image_fid=206642]

You've got a statement brass double bowl sink and mixer in the kitchen, with integrated top-of-the-line Smeg appliances.

The generous living area is completely separate from the bedrooms, giving you a flexible space to entertain and offering a seamless connection to your outdoor living zone.

Bedrooms feature cosy grey wide-loop woollen carpets and plenty of integrated storage.

In the bathroom, I love the wall-hung vanity in rainforest green. You've also got a choice of a curved-edge rectangular or oval vanity mirror, giving the space a contemporary edge.&nbsp;

You can also choose between a freestanding bathtub or an inset bathtub.

[smartcode_project:default project_id=134238 project_image_fid=206639]

This is a one-of-a-kind development with limited properties available. Secure your bayside residence by submitting your enquiry today via Urban. And if you'd love to catch more videos in this series, then subscribe to our Youtube channel.

Olivia Round

Project Spotlight Video: Joe's Quarter by Shenfield Property at 557 Main Street, Mordialloc, VIC

A Central Coast tower that was originally approved over seven years ago has finally arrived in the heart of Gosford.

Prominent Sydney developer ALAND expanded on the plans after acquiring the 5656 sqm site at 108 Donnison Street in June.

Named after Archibald Acheson, the second Earl of Gosford, the two-tower development will be home to 323 residential apartments, 130 hotel rooms, multiple food and beverage tenants, plus a whole floor 960sqm sky bar.

ALAND CEO George Tadrosse said the revitalised development would be worth the wait given its tremendous offering and outstanding location.

"This is an excellent opportunity to offer an unmatched product to Gosford and add a significant new addition to the local skyline," Tadrosse says.

"As a result of careful consideration, we believe we have created an exceptional contemporary design that will appeal to holidaymakers, local buyers, purchasers moving to Gosford, and investors looking to capitalise on the growth potential of this thriving community."

[smartcode_project:default project_id=134670 project_image_fid=208124]

John McGrath, CEO of McGrath Estate Agents who are marketing the project, said the Central Coast is poised for impressive price growth performance.

“With a perfect blend of coast and country lifestyle, combined with an easy drive to one of the biggest cities in the world, it has everything the market wants," McGrath said, adding that the growing work from home trend has made it an even more in-demand lifestyle.

“Gosford is rapidly emerging as one of the most exciting fast-growth commercial hubs on the east coast of Australia and provides the area with the long-awaited commercial and retail opportunities it’s been crying out for.”

Despite a widespread price correction across many residential markets, McGrath said the thriving region has great long-term prospects.

[smartcode_project:default project_id=134670 project_image_fid=208124]

“The Central Coast has been impacted along with almost every other market in the country, but the growing trend towards sea and tree changes - coupled with work from home demands - has positioned this market for a softer landing and a more rapid bounce when interest rates stabilise.

“A very large section of the growing demand for the Central Coast are both big city downsizers from nearby Sydney as well as professional couples and families. Apartment living has never been more in-demand by these groups.” McGrath also suggested Archibald will suit Sydneysiders seeking a nearby getaway within an hour of Sydney.

The two buildings will house one, two and three-bedroom units, plus three and four-bedroom penthouses, all with access to resort style facilities and many with views of Brisbane Waters and the city skyline.

[smartcode_project:default project_id=134670 project_image_fid=208124]

Apartments in the development range in sizes from 58 sqm to 280 sqm, with a one-bedroom starting from $475,000.

Jaimie Woodcock, principal of McGrath Central Coast, said Archibald by ALAND is a breath of fresh air for the region.

“We've been waiting a long time for a development that has something significant to offer the area. This has the hotel offering, a significant food and beverage offering as well as a gym and pool," Woodcock said, adding that the price point has already proven attractive for prospective buyers.

“We’ve had a lot of investors and first home buyers looking because they can buy in brand new under $750,000 with an extraordinary view and all of those added offerings, and that’s a compelling attraction to so many purchasers right now," Woodcock says.

[smartcode_project_cta:default project_id=134670]

ALAND CEO George Tadrosse said the revitalised development would be worth the wait given its tremendous offering and outstanding location

ALAND launch Gosford apartment tower Archibald by ALAND

Downsizers and rightsizers have been targeted at Akoya Greenwich, the new high-end, over 55's apartment development on Sydney's North Shore.

Rather than the expectation all downsizers and rightsizers are cashed up, developer Alceon is offering a variety of configurations in the development, everything from one-bed apartments to the recently released Premium Collection.

The Premium Collection, made up of a handful of penthouses and garden homes, each have three bedrooms and start from $3.45 million.

Alceon Development Director, Todd Campling, says that given the density of the project and the restriction to over 55's, it's the closest thing someone will get to picking their neighbours.

"Akoya buyers take great comfort knowing they’ll be living with like-minded individuals,” Campling says, adding that&nbsp;a lot of the purchasers actually know each other.

[smartcode_project:default project_id=94146 project_image_fid=165484]

"Some have encouraged friends to buy but often they bump into each other at the private purchasers evenings we regularly hold and realise there’s a familiar face there”, Campling says.

With expansie views over Sydney harbour, Akoya has seen strong demand from&nbsp;downsizers across the North Shore who have been drawn to the boutique development and the lifestyle on offer.

“Akoya is so much more than just an apartment building, with over 700 sqm of residents-only amenities shared between only 39 residences, it’s more like a private club, and a very exclusive one at that.”

[smartcode_project:default project_id=94146 project_image_fid=165483]

“There’s definitely some perks that come with growing older and being able to live here is one of them."

Akoya is made up of 39 apartments, comprising three one-bedroom units, 14 two-bedders, and 22 three-bedroom apartments.&nbsp; 
 
Each apartment has luxury finishes such as built-in Ambe fireplaces, 60mm marble kitchen benchtops with Wolf appliances, Sub-Zero integrated fridge and full height wine fridge and spacious terraces to take advantage of the views.&nbsp;

Amenities include an on-site concierge, in house bar, private library, golf simulator room, cinema, rooftop retreat with firepits and an infinity pool overlooking the Sydney Harbour Bridge.

[smartcode_project:default project_id=94146 project_image_fid=165486]

Akoya residents are even given access to their own individual wine cellars surrounding a private dining room and finishing kitchen which can be reserved for private events and dinner parties.

“We also have a collection of chairmans suites available to purchase within the building as we’ve realised that over 55’s don’t necessarily want to retire so this way they can have the best of both worlds,” Campling added.

“70% of the building has already been sold which is why we’ve now decided to release the Premium Collection. With thousands of enquiries to date, we anticipate being sold out by the end of Summer in time for completion mid-2023.

[smartcode_project:default project_id=94146 project_image_fid=165482]

“The penthouses are the last chance for buyers to purchase uninterrupted harbour facing units in the development.”

One buyer has come from the Eastern Suburbs, with 90 per cent coming from the Lower North Shore. Campling says the&nbsp;Eastern Suburbs buyer was blown away by what you can get in the Lower North Shore compared to the East.

“Our customers are seeking something special when it comes to downsizing. They’re not wanting to purchase into large apartment towers where they don’t know their neighbours. They’re buying into a community here of like-minded individuals.”

“It’s a special development and when you see the views and amenities you can see why. Even the 2 garden home apartments in the premium collection have city views which is pretty rare.” 
 
The development is designed by award winning architects Marchese Partners and is a partnership between private investment group Alceon and NGS Super.

The building is being built by Stevens Construction with top-end finishes with construction expected to be completed mid next year.

[smartcode_project_cta:default project_id=94146]

Alceon release Premium Collection apartments at Akoya Greenwich

Local Gold Coast developer Aniko Group has been almost singlehandedly responsible for the transformation of Hope Island in recent years.

Aniko, led by George Mastrocostas, sold out No.1 Grant Avenue, Athena Residences, and 35 Grant Avenue in the last year or so, both of which are now under construction and part of their huge $500 million portfolio.

Their fourth Hope Island project is Athena Quays, a collection of&nbsp;177 apartments across two stages, adjacent to Athena Residences.

There's only two and three-bedroom apartments left, including a limited collection of sky homes which are being pitched at the local downsizer.

Mastrocostas said they decided to fast-track Athena Quays off the back of the successful Athena Residences which achieved a sell out within three months.

“Our fourth project in Hope Island illustrates our firm belief and commitment to this fantastic precinct," Mastrocostas said.

[smartcode_project:default project_id=109922 project_image_fid=207989]

"The rapid sell-out of our first three projects on Hope Island – No.1 Grant Avenue, Athena Residences and 35 Grant Avenue – has inspired us to write a new chapter.

"We are excited to deliver another community of new homes that will forma vital part of the wider regeneration of this area."

Taking up a unique 9,300 sqm waterfront site on Sickle Avenue, with views toward the Broadwater and surrounding waterways, the $145 million Athena Quays is home to an array of resort-inspired amenity.&nbsp;

From the secluded courtyard garden to a suite of private office facilities,&nbsp; Athena Quays’ in-house amenities are second to none.

[smartcode_project:default project_id=109922 project_image_fid=207995]

When it comes to contemporary urban living, Aniko recognised the importance of nourishing the mind, body, and soul, resulting in a state-of-the-art private gym, along with two swimming pools, a spa, and a sauna.

A fully-equipped entertainment suite featuring a 14-seat private screening room, and a residents’ lounge provides the perfect place for resident's to relax and unwind in.

Residents will also be at home with a dedicated on-site management, while the fury members of the family are also taken care of, with dedicated pet wash bays on site.&nbsp;

[smartcode_project:default project_id=109922 project_image_fid=207997]

It's not just the amenity on offer within Athena Quays that's been driving buyers.&nbsp;

Residents will be surrounded by world-class golf courses – including the Links Hope Island – and fashionable shopping enclaves such as Hope Island Marketplace, Westfield Coomera and The Marina Village at Sanctuary Cove. Gourmet cafes, restaurants and luscious green parks are also just a short stroll away.

[smartcode_project_cta:default project_id=109922]

How Aniko's Athena Quays takes Hope Island living to the next level

The national property developer Goldfields is already seeing high demand for it's maiden Western Australia land development, set in the heart of wine country, Margret River.

The 47 hectare masterplan, called Spindrift, will be officially unveiled this month.

Construction has begun on the 423-lot project, three kilometres south of the Margaret River town centre in WA's South West area.

Spindrift is surrounded by a developed community to the west and established Karri trees to the north and east. The first release of land will have prices starting from $194,500.

Gareth Wilson, Goldfields General Manager in WA, said Spindrift was perfectly positioned within a short drive to town while still having access to the natural beauty of Margaret River.

He said the development’s larger lots, intelligent design and landscaped reserves would make it highly sought after in a constrained local real estate market.

“Margaret River offers a unique opportunity to live in one of Australia’s most picturesque and renowned destinations and continues to be one of the most sought-after regions in WA,” Wilson said. “Housing demand has continued to outweigh supply in Margaret River which is testament to the attractiveness of the South West lifestyle.

“Spindrift will play a pivotal role in meeting short and medium term demand for housing in Margaret River.”

Spindrift is centred on a strong sense of community, where residents can immerse themselves in nature while still enjoying the comforts and amenity of modern life. It&nbsp;will offer all the amenities expected of a contemporary estate, including immediate access to neighbouring parks and playgrounds, schools, shopping strips, cafes, restaurants and medical facilities.

<img alt="Spindrift Goldfields" data-entity-type="file" data-entity-uuid="45ea4607-d6af-4c87-9448-52c216d28499" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-11-28%20at%201.43.30%20pm_0.png?VersionId=g3sfILTkHvjeotjkCCiCGs2Xg1k2gbdh" />

Brook Palmateer, Associate Director at Acton Belle Property in Margaret River, said early interest levels in Spindrift were on par with that seen at larger, metropolitan housing developments.

“Interest is coming from a wide variety of people, but particularly local homebuyers,” Palmateer said. “That early interest has been all the greater because there are very few blocks on the market in the region at the moment.

“Everything has sold, there is hardly anything titled on the market and the only things that are titled at the moment are on very steep blocks that are harder and more expensive to build on. We have a significant lack of stock at this price point for people to choose from, across the whole South West region but particularly in Margaret River.”

The Augusta-Margaret River Shire recorded a sharp 17.8 per cent increase in population from 2016 to 2021 in Census data released by the Australian Bureau of Statistics. The estimated local population of 17,298 represented a year-on-year increase of 2.85 per cent compared to 0.93 per cent population growth in Regional WA more broadly.

According to the Real Estate Institute of WA (REIWA), there were a total of four properties advertised for rent on reiwa.com on 31 October 2022. In October 2021 there were two, and in October 2020 just one.

“We have a housing crisis in Margaret River and the surrounding region at the moment,” Palmateer added. “People cannot find anywhere to live – there is nowhere that is suiting them to buy, there’s no land to build on and we’ve got a rental shortage, and almost zero percent vacancy rate.

“80% of the walk-ins to our office are people looking for rentals. Margaret River in particular, closely followed by Dunsborough, are in the highest demand. Not only are a growing number of people keen to move here and enjoy the beautiful lifestyle now that they have more flexibility with working arrangements, but there are a lot of local people that are looking for housing as well, people that have been here 20-30 years. It is across the board.

“Spindrift is ideally situated to address this significant need for more housing in Margaret River and it is doing so at a great price point, in a central location close to amenities and all the natural beauty the region has to offer. This land will be snapped up swiftly.”

Construction has begun on the 423-lot project, three kilometres south of the Margaret River town centre in WA's South West area.

Goldfields launch Margaret River land estate, Spindrift

Chapman Gardens is set to be one of the earliest completed projects in the new $1 billion Showground Precinct in Sydney's Castle Hill.

The first stage of the three-building, 258-apartment development is slated for completion early next year, with the whole project expected to be completed by early 2024.

The completion date has been an attractive proposition for buyers, Shant Van Kolck, head of sales and marketing at developer CG says.

"The precinct is coming alive and we'll be one of the earliest completed projects," Van Kolck recently told Urban.

[smartcode_project:default project_id=29359 project_image_fid=207473]

CG are a builder developer, which Van Kolck says has been another major drawcard for buyers.

"Because we're also building the project, buyers know our building timelines aren't going to blow out as much, and we have building teams on site all day to answer construction details about the project."

Chapman Gardens, on a massive 12,000 sqm site on Dawes Crescent, comprises three buildings, The Chapman, Greenview, and Parkfront, all focused on being surrounded in lush landscaping.

[smartcode_project:default project_id=29359 project_image_fid=199355]

Van Kolck says the team have tried to create something that sets it apart from the rest.

"There's a number of projects slated for the Showground Precinct, so it's important to develop something that brings buyers to your project and not anyone else's, and that's what we've done."

Chapman Gardens is unique in that it gave 50 per cent of the site back to gardens and landscaping, which meant the space between the three buildings is larger than anything else on the market.

[smartcode_project:default project_id=29359 project_image_fid=207474]

"No shadow diagram was requested as part of the development application," Van Kolck notes.

What the separation means for buyers is that not only is the project surrounded in walkways and outdoor meeting spaces, the apartments get double the amount of sunlight in winter than any other development in the immediate area.

Another drawcard for buyers Van Kolck says is that they've created the project in a way that will bring in a variety of different buyers.

[smartcode_project:default project_id=29359 project_image_fid=199352]

"There are a number of different configurations throughout, with the majority being one-off designs" Van Kolck says.

"We have a real mix of configurations across our three buildings, which means there's something for everyone. Some of the apartments have two bedrooms and two study rooms. No one offers that anywhere."

Van Kolck says it can be an attractive proposition for an investor who might be looking at an apartment's resale value and rental yield.

The majority of interest however has come from downsizers and upsizers, from the immediate area.

"Castle Hill and Hills District locals have shown the most interest, while we've got buyers coming from Macquarie Park and Hornsby who want to move into the area."

There's small touches that CG have made to their apartments, such as going with a five burner gas cooktop instead of four, and including butler's pantries as standard. Showers and baths have been separated in the bathrooms. Van Kolck says the modern day buyer is moving away from the traditional, and now quite outdated, shower and bath combo.

[smartcode_project_cta:default project_id=29359]

The first stage of the three-building, 258-apartment development is slated for completion early next year, with the whole project expected to be completed by early 2024.

How Chapman Gardens created a point of difference in Castle Hill

Sustained above-average population growth is set to position the Whitsundays region for a golden era of growth, according to a report by research group Aurelius.&nbsp;

Population growth in the Whitsundays looks set to outperform the 15-year average, with Victoria and NSW leading the post-Covid boom.

“The population in the Whitsunday Regional Council area grew by 1.7 per cent per annum over the past five years, ahead of the region’s 15-year average of 1.5 per cent,” said the report.

“With population growth expected to remain above the historical average over the next two decades, it is estimated the Whitsunday region’s population will hit 49,591 by 2041, up from about 38,000 at present.”

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="94989fed-19b8-49b7-9323-c237d70a267e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Front%20Executive.jpg?VersionId=kp.hjr86geYF1Trmwnyka9rnHlgbpNay" />

Among the major infrastructure investments currently under way in the region is the $350 million Shute Harbour Marina Resort which will bring to the market 395 new wet-berth marina berths centred on a residential-resort precinct comprising waterfront homes and a vibrant marina village with a retail and dining precinct, a resort hotel and backpacker accommodation.

Sam Wade, the managing director of the Shute Harbour Marina Development, said the Aurelius research highlights the opportunity ahead for the Whitsunday region and North Queensland more broadly to capitalise on the region’s growth potential.

“Australians have a growing appreciation of the region and everything it has to offer in terms of lifestyle and growth potential,” said Wade.

“With the growth we have seen over the past three years, and with the level of investment currently under way in North Queensland, this research presents a compelling case for continued growth in the Whitsunday region, particularly as international tourism begins to regain momentum.”

Aurelius Director Peter Bell, a highly regarded advisor and strategist, estimates the Whitsundays could see its tourism economy grow by an extra $600 million to $2.14 billion by 2025 if new initiatives currently in train come to fruition.

Bell highlighted that the region is already a major tourism drawcard with the visitor market expected to be worth $1.53 billion in the next three years, but the infrastructure spending currently under way in the region will significantly accelerate the tourism economy.

The top end of his forecast will see a doubling of the value of the local tourism economy over the seven years to 2025, building on an economic pillar that Bell said remains pivotal to the region’s future.

The Whitsunday economy is heavily reliant on tourism with about 3,000 people directly employed in the industry, and the expected growth in the industry will be significant for the region.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

Tourism supports about 40 per cent of local jobs in the Whitsundays region, which is the highest in Queensland and one of the highest in Australia.

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="40801710-b860-4fbd-b595-5caecb28f827" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Family%20Pool.jpg?VersionId=AObyYOROyZ8.jr3bEc8_6auiEAX28Ln1" />

The Brisbane-based researcher presented his findings on the State of the Whitsundays before a host of special guests including the Mayor of Whitsunday Regional Council, Julie Hall, and Deputy Mayor Gary Simpson during a presentation at the Whitsunday Marine Club.

Among his findings, Bell sees potential for the Whitsundays region to leverage off its reputation as a boating haven with new facilities for large and small marine vessels among the essential infrastructure projects that will support an expanding tourism economy.

Signalling the significant growth of the marine industry in the Sunshine State, Bell revealed that the number of boat registrations in Queensland grew almost four times faster than the state’s population in percentage terms during the 2021 financial year, at the height of the pandemic.

Queensland boat registrations rose 2.9 per cent in 2021, well above the 10-year average of 1.4 per cent.

The recent growth in boat ownership highlights an urgent need for increased storage capacity, especially for on-water marina berths which have sustained a high marina occupancy rate of 86 per cent in FY21, despite the pandemic.

Bell estimates the Whitsundays region’s economy is being further supported by a post-Covid migration renaissance from both interstate and intrastate migration with the latest population data showing historically higher rates of growth.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

New research reveals the Whitsundays set for a golden era of growth

The Gold Coast apartment market came off the boil in the September quarter, but sales are still tracking higher than pre-COVID levels, while building constraints is keeping supply below historic averages.

The Urbis Apartment Essentials report has revealed 336 new apartment sales on the Gold Coast in the third quarter of this year, below the 690 sales in the corresponding period last year and record-breaking 742 recording during the first quarter of 2021.

Surfers Paradise and Broadbeach dominated the latest sales data with six of the 10 top-selling projects located there.

According to Urbis senior consultant Lynda Campbell, despite 11 new projects launched during the period, the market remains broadly undersupplied amid rising caution among developers and buyers.

[smartcode_project:default project_id=111652 project_image_fid=197884]

“It’s a tug of war at the moment between what we see as strong underlying fundamentals and the risk aversion being demonstrated by both buyers and developers,” said&nbsp;Campbell.

“Rising construction costs have led many developers to put their projects on the sidelines, while buyers are also being swayed against purchases by rising interest rates and cost of living pressures.

However, a number of developers still see plenty of potential and opportunity in the local market - it’s all just a matter of timing.&nbsp;

“The underlying factors that developers believe continue to support the apartment market on the Gold Coast are low supply, consistent demand, strong investment in infrastructure over the next decade, population growth, solid rental yields, and extremely low vacancy rate,” Campbell said.&nbsp;

The Urbis report notes that rental yields across the Gold Coast are tracking above Sydney and Melbourne and are on par with Brisbane. Urbis also found that the existing and established apartment market continues to perform relatively well.

[smartcode_project:default project_id=6762 project_image_fid=194781]

“We’ve been looking at the general apartment market, particularly buildings in central areas that have been completed within the last 10 years,” said Campbell.

“These properties have recorded significant increases in sales numbers which shows that demand is still very much present – an important factor with a large portion of new product settling over the next three to six months.”

With construction costs currently ‘front of mind’ for developers, more projects may be put on hold in 2023 which could maintain the supply pressure on new apartments.

“However, the factors currently driving caution in the market, such as construction costs, supply chain issues and interest rates, will ease at some stage,” she said.

The September quarter ended with 983 new apartments available for sale, compared with 517 a year earlier. The Gold Coast’s five-year average quarterly supply is 1,400 apartments and at the current rate of sales there is just 8.8 months of supply in the market.

[smartcode_project:default project_id=107928 project_image_fid=184934]

Some 84 per cent of current supply is located in the Gold Coast Central precinct, which includes Southport, Main Beach, Surfers Paradise, and Broadbeach, with the reflection showing in the precinct’s share of sales, at 258, which represents 77 per cent of the quarterly total.

The coastal fringe region remains under supply, while areas inland from the Gold Coast Central precinct such as Benowa, Ashmore, Robina, and Varsity Lakes, have almost no supply. The North Shore precinct, which largely comprises Hope Island to Runaway Bay, had only 68 apartments for sale while the Southern Beaches, from Mermaid Beach to Coolangatta had just 90.

The Urbis report notes that rental yields across the Gold Coast are tracking above Sydney and Melbourne and are on par with Brisbane. Urbis also found that the existing and established apartment market continues to perform relatively well.

Gold Coast new apartment sales ease from record high but supply remains below historic average 

Brisbane-based developers, SKF, has achieved a $24 million sell-out of Mermaid Sanctuary, a rare land offering on the central Gold Coast that has delivered a land sale record for Mermaid Waters.

Released to the market late last year, Mermaid Sanctuary delivered 12 homesites, generously sized from 628 sqm to 1,009 sqm, in an exclusive master-planned enclave on McIlwain Drive.

Located on an exclusive peninsular on the shore of Lake Wonderland, the 1.2-hectare Mermaid Sanctuary achieved a land sale record of $3 million for the lakefront precinct, drawing significant interest from local, interstate, and international buyers looking to secure a landholding in one of the city’s most sought-after coastal suburbs.

SKF wrapped up works on Mermaid Sanctuary early this year, with ten homesites already&nbsp;sold and two lots awaiting settlement.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="191cd7e3-0202-4afa-81eb-a2fa742b4ab8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%201_Final%202.5k.jpg?VersionId=OoNDcOAbhCgWD2Z_TeYlAFZb.SpIodCH" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

The 12-lot waterfront subdivision, was once home to Gold Coast development pioneer and philanthropist Jock McIllwain, who helped shape the Gold Coast through key civil projects from Cavill Avenue Mall to the Isle of Capri and the canal estates of Mermaid Waters.

The former city councillor, who passed away in 2016 aged 89, was a close friend of the renowned father of the modern Gold Coast, Sir Bruce Small.

McIlwain, a great supporter of the arts and culture on the Gold Coast, played a role in many of the city’s transformational waterfront developments including Lake Wonderland at Mermaid Waters where he would later make his home.

SKF’s Director, Eric Zhao said the success of Mermaid Sanctuary pays tribute to McIlwain’s lasting legacy that has made the Gold Coast what it is today.&nbsp;

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="f6f3d4f7-0e51-469a-8256-0663d0212f05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2037_Interior_Final%202.5k.jpg?VersionId=trN_lKHmj5Dz2krbhpSUEq__JSRJtLby" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

“Mermaid Sanctuary achieved a very high inquiry rate from buyers, many of whom were looking to upsize to a waterfront location which is extremely rare to find on the central Gold Coast today,” said Zhao.

Among the buyers to stake their claim in the Gold Coast’s development history are local and Brisbane business owners, property developers and property industry professionals.

Prices achieved at Mermaid Sanctuary ranged from $1.2 million to $3 million, with land sales reaching a high of about $3,000 per square metre among the last sites sold.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

Each site at Mermaid Sanctuary offers wide lot frontage that allows maximum design flexibility for a new home, while each offers the option of adding a pontoon for direct water access.

The luxurious private community features 24-hour CCTV, security patrols, professionally created and maintained landscaping, including signature 30-year-old Canary Island date palms, a generous internal road with custom granite bands and high-quality LED street lighting to complement the modern home designs planned for the community.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="0b258688-33e3-4210-a506-31e5492d03ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2032_Day_Final%202.5k.jpg?VersionId=86oNUeQNPAJb3hPZ_z1ARE6oN8d89SpU" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

A Brisbane team of professionals was enlisted by SKF Development to undertake the landmark project. Myers Ellyett Architects was responsible for the concept architectural design of Mermaid Sanctuary, while landscape architecture was delivered by Citicene Landscape Architects and civil works were undertaken by local contractor Alder Civil.

SKF’s current portfolio totals $100 million, with the company recently announcing their major infill development, Ashgrove Sanctuary in Brisbane, which will deliver 18 residential lots on the site of former caravan park where large portions of the site will be devoted to a nature reserve with more than 3,000 new plants set to be implemented as part of the project.&nbsp;

On the Gold Coast, the group is undertaking Baileys Reserve, an 83-townhouse development at Upper Coomera, building on SKF’s recent successful industrial development in Coomera.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

SKF Development achieve land sale record for Mermaid Sanctuary project amid sellout 

Mirvac Constructions has become the first business in Australia to be awarded the highest possible 5 Gold Star iCIRT rating by regulated ratings agency Equifax.

The Independent Construction Industry Rating Tool (iCIRT) is designed to aid property buyers by assessing an entity’s capability, capacity and ability to deliver a trustworthy building, with Mirvac the first to achieve the prestigious rating.&nbsp;

The rating tool is one of several pillars of reform introduced in NSW in recent years and is intended to raise building standards and consumer confidence in built form within the state.

Head of Product and Rating Services at Equifax, Brad Walters, said the iCIRT rating has played a pivotal role in rebuilding trust and transparency in the sector following a difficult few years across the construction industry.

[smartcode_project:default project_id=100322 project_image_fid=167722]

“It is important to recognise those that have and continue to demonstrate a high level of resilience and reliability in the delivery of trustworthy built assets,” Walters said. &nbsp;

Mirvac’s Head of Residential, Stuart Penklis said the 5 Gold Star rating had been earned through five decades of designing and building high quality, well-designed buildings across the commercial and residential sectors.&nbsp;

“We are incredibly proud to be the first, and so far, only, group in Australia to be awarded the highest possible 5 Gold Star rating,” said Penklis.&nbsp;

“Mirvac has consistently delivered a track record of quality development and now our achievement has been endorsed through an independent assessment process. Raising the standard of construction in NSW is critically important to protect purchasers and restore confidence in buying off the plan and newly built apartments.”&nbsp;

Mirvac is currently progressing with a number of residential apartment and master-planned community projects including Nine by Mirvac, Green Square and Langlee in New South Wales.&nbsp;

The group are also developing FORME at their community&nbsp;Tullamore in Melbourne, along with a number of Queensland projects, including Waterfront in Newstead and Charlton House at Ascot Green which is located on the site of the Brisbane Racing Club.&nbsp;

[smartcode_project:default project_id=93788 project_image_fid=186245]

Mirvac’s first build to rent project in Melbourne, LIV Munro, reached practical completion this month and is set to open next month.&nbsp;

Penklis said Mirvac’s integrated business model in which design, development, construction, marketing and sales are all under one roof, plays a significant role in delivering design excellence and unparalleled quality developments.&nbsp;

“The integration of best in field experts involved in every step of the process, from conception to completion to after sales customer care, is a clear competitive advantage for Mirvac,” Penklis said.&nbsp;

“For the customer, this guarantees absolute confidence that the mark of Mirvac quality is embedded in every little detail on each and every project,” he added. &nbsp;

“Mirvac enjoys a high level of customer loyalty with more than a third of new apartment projects bought by repeat Mirvac purchasers. Trust like that is not manufactured overnight; it is the result of five decades in which we have built some of the nation’s most enduring iconic buildings that have stood the test of time.”&nbsp;

“Equifax is pleased to announce that Mirvac has achieved a 5 Gold Star rating, the highest rating available under iCIRT,” Walters said.&nbsp;

[smartcode_project:default project_id=108351 project_image_fid=179497]

“Following a detailed, independent and rigorous review, Mirvac were observed to have excelled across each of the six assessment criteria.”

Mirvac General Manager of Design Management and Construction, Jason Vieusseux, said the 5 Gold Star rating is testament to Mirvac’s attention to detail and the pursuit of quality that is applied on every Mirvac project.&nbsp;

“Even in the current climate where there are enormous pressures on construction due to wet weather, constrained supply chains and workforce shortages, we never cut corners,” said Vieusseux.&nbsp;

“That uncompromising approach to construction quality has enabled us to retain and attract the very best construction professionals and work with experienced subcontractors who take pride in their workmanship and the finished products we deliver.&nbsp;

“Within our construction team, which comprises nearly 400 employees across the eastern states, we have decades of experience and knowledge which complements the technology and data driven processes that are now being used by Mirvac Constructions to build with greater precision and achieve higher quality outcomes than ever before.&nbsp;

“The focus on construction quality over the past few years and the efforts of the NSW Building Commissioner have made it more difficult for sub-standard builders to operate. This is going to benefit every property buyer in NSW and lift the reputation of the entire construction sector.”&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163028]

Mirvac is the first to achieve the prestigious 5 Gold Star rating following a rigorous assessment process. Main image: Render of FORME at Mirvac's Tullamore community 

Latest Property News

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News