<a href="https://www.apartments.com.au/developers/bridgewell-development">Bridgewell Capital</a> has lodged plans for a major mixed-use apartment development in the heart of Maroubra, seeking a significant uplift in height and density controls to deliver 120 apartments and a 120-place childcare centre near Maroubra Junction.

The State Significant Development application, filed through the NSW Government’s Housing Delivery Authority pathway, covers a 3,270 sqm amalgamated site at 251-257 Maroubra Road and 133-135 Garden Street. The proposal includes a concurrent rezoning that would increase the maximum building height from 12 metres to 35.6 metres and lift the floor space ratio to 4.02:1.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the project would replace a mechanic’s workshop and several detached homes with a 10-storey residential building above four basement levels.

The scheme comprises 120 apartments, including 27 affordable housing units to be managed by a community housing provider for 15 years, alongside 203 basement car spaces and 92 bicycle spaces. A childcare centre occupying nearly 900 sqm of floor area would sit at ground level and be capable of accommodating 120 children and 22 staff.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="038a0639-f9e4-4303-8fcc-d43e73fa480f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20pers.png?VersionId=eGBElxmNqJW.YF3JFYgHTnPgAstdyXR3" />

According to the Design Report, the project has been conceived as a “gateway proposal” that responds to Maroubra’s evolving urban character and its proximity to the town centre.

“Designed to complement the character of Maroubra’s town centre, this gateway proposal features a building scale that matches its surroundings,” the report stated.

“It integrates residential units above a ground-level childcare centre, fulfilling the strategic objectives of the Randwick City Council Masterplan.”

The apartment mix is weighted toward larger residences aimed at families and downsizers, reflecting changing demographics in the Randwick LGA and increasing demand for medium-density housing close to transport and amenity.

BKA Architecture said the proposal seeks to reinforce Maroubra Road as a civic spine while improving the pedestrian experience around the site through landscaping and upgraded public interfaces.

“The design capitalises on the following site opportunities: reinforcement of Maroubra Road as a civic spine, enhancement of pedestrian pathways and the public interface via new landscaping, and strong market demand for two and three-bedroom apartments to support families and down-sizers,” the Design Report noted.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="ee509779-3c7e-4918-b03d-761c785459d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20site.png?VersionId=eZC4Ruyn.C7O.Qwfr1SVeP5.ds1c5.66" />

The building has been designed with setbacks and articulation intended to transition between the commercial intensity of Maroubra Junction and the surrounding lower-scale residential neighbourhoods. Communal open space is proposed on level one, while upper-level apartments would secure views towards Port Botany, Maroubra Beach and Sydney’s eastern suburbs.

The development sits around 200 metres east of the Maroubra Junction intersection of Anzac Parade and Maroubra Road, within one of Randwick’s identified strategic centres. The site is close to Pacific Square Shopping Centre, major bus routes, schools, parks and future cycling infrastructure proposed under the Maroubra Junction Masterplan.

The Maroubra proposal aligns with broader NSW Government initiatives encouraging higher-density housing near established centres and transport corridors, particularly where affordable housing is incorporated.

Bridgewell is also working on a <a href="https://www.apartments.com.au/news/qld/goldfields-sets-the-stage-as-quartet-milton-launches">new 55-unit project in Killara</a>.

Joel Robinson

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

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

Goldfields sets the stage as Quartet Milton launches

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

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

<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

[smartcode_project:default project_id=140747 project_image_fid=367540]

The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

[smartcode_project:default project_id=140747 project_image_fid=367529]

Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Smith by Valli delivers design-led apartments to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=365687]

Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

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?

The revitalisation of the Gosford CBD is on track with the sale of significant master-planned site.

The largest concept approved, mixed use development site on the Central Coast, known as Pacifica Gosford, has been sold by Paul Lederer's Lederer Group.

There are plans in place for five towers that will sit above retail and commercial podiums on the 1.42 hectare site at 136-148 Donnison Street, in the heart of Gosford's CBD.

<img alt="Pacific Gosford" data-entity-type="file" data-entity-uuid="5eb6b78d-a675-4b7a-864d-187b399f9de2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-14%20at%209.31.18%20am.png?VersionId=XI85fa_K3IggXAyEQC.PqVlai0SqQPA_" />

Colliers agents Jon Chomley and Eugene White secured the record transaction, calling the site "truly irreplaceable."

“Pacifica Gosford is a remarkable central city, development approved site capable of accommodating over 700 residential apartments with additional commercial and retail space and parking for over 1,000 cars,” Chomley said.

“With four street frontages and a design that enables the staged development of up to five towers, this is a truly irreplaceable development site.”

The stage one plans show there is set to be 5,422 square metres of retail and commercial gross floor area, as well as recreation spaces and a new pedestrian link to complement the precinct. The site is currently occupied by the untenanted former Kibbleplex Shopping Centre.

The multi-staged nature of the potential development could also enable the purchaser to consider a variety of end uses, including student accommodation, retirement living and residential apartments.

<img alt="Pacifica Gosford" data-entity-type="file" data-entity-uuid="907eed54-f7d4-43e7-b27a-24be0c69ad4a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-14%20at%209.31.31%20am.png?VersionId=Vp5UgbUm7DF_QxrZtpuMKtLCqtbl4AU0" />

Eugene White said that due to Gosford's coastal location, and also being just an hour from Sydney, the area has&nbsp;been the beneficiary of the sea change movement from Sydney, with an uplift in new residents over the last two years.

"It is also a highly sought after retirement area with older residents benefitting from the extensive medical and care services in the region,” White added.

Located directly across from the recently upgraded Kibble Park and the Imperial Shopping Centre, Pacifica Gosford is just 500 metres from the Gosford railway station. It is also within walking distance&nbsp;to major employment hubs and Government services such as the ATO, the Department of Finance, Safe Work NSW, Gosford Court House, Gosford Hospital and Gosford TAFE.

There has been recent major investment supporting essential infrastructure throughout the Central Coast region to meet the needs of the projected population growth. Some of these include the $368 million redevelopment of Gosford Hospital, the $200 million redevelopment of Wyong Hospital, funding upgrades of the M1 Pacific Motorway, planned university campus and the recent completion of the $10 million waterfront park.

There are plans in place for five towers that will sit above retail and commercial podiums on the 1.42 hectare site at 136-148 Donnison Street, in the heart of Gosford's CBD

Pacifica Gosford, the largest concept approved development site on the Central Coast, sells 

The inner-city development, Gramercy Terraces has hit 50 per cent sold.&nbsp;

The terraces are part of the boutique offering for Lendlease Retirement Living, forming part of the broader intergenerational living precinct in Melbourne’s inner-city, on the well-known Bendigo and Khartoum streets in Richmond.

[smartcode_project:default project_id=95458 project_image_fid=201245]

Upon completion the project will comprise 31 three and four level, three and four-bedroom freehold terrace homes, complete with full voids that maximise natural light, some with backyards and rooftop terraces with city views.

A lot of the new homes were snapped up before construction even began, however a number of three-bed terraces are still available in the development.&nbsp;

The development has attracted a strong mix of owner-occupiers and downsizers seeking the dynamic inner-urban lifestyle that Gramercy Terraces offers.

Lendlease said they had also seen an uptake in stock from young families, with many drawn to the convenience and locality of Gramercy Terraces.&nbsp;&nbsp;

[smartcode_project:default project_id=95458 project_image_fid=201244]

“Purposefully designed with families, couples, downsizers and investors in mind, we have seen a strong demand for this product to date with only 15 terraces now remaining,” a Lendlease spokesperson said.

Gramercy Terrace adds the residential component of Lendlease’s intergenerational living precinct, which neighbours Ardency Kennedy Place - Lendlease’s five-star luxury retirement living community currently under construction.

A new onsite café and provedore and the existing Richmond Community Learning Centre will also sit alongside Gramercy Terraces in the precinct, with future residents benefitting from amenities on their doorstep.&nbsp;

Residents will be within close proximity to a number of trendy restaurants, cafes and boutiques which take up shop along the bustling Swan Street, while also maintaining easy connection to the rest of the city from Burnley Station.&nbsp;

The architectural design draws inspiration from the iconic Federation-era red brick of Bendigo Street and pays homage to the former site of the Nine Network studio and the Wertheim Piano factory, Victoria's first piano factory.

[smartcode_project:default project_id=95458 project_image_fid=201249]

Construction of the final residences began in the first half of this year, with future residents expecting to move in by late 2023.&nbsp;

The residences are priced from $1.85 million, with floor plans ranging from 193 sqm to 215 sqm, with individual balconies and generously-sized rooftop terraces.&nbsp;

Prospective buyers can even check out the Gramercy Terraces display which is open by appointment seven days a week.

[smartcode_project_cta:default project_id=95458]

A lot of the new homes were snapped up before construction even began, however a number of three-bed terraces are still available in the development. 

Gramercy Terraces hits 50 percent sold in the leafy east pocket of Richmond

The Rob Steer-led luxury property group, Steer Developments, is capitalising on the sustained demand for premium beachside residences with the launch of its latest Gold Coast project, Côte, Palm Beach.&nbsp;

The $51 million project experienced a highly anticipated launch which has now led to the group fast-tracking the development, announcing the appointment of local builders GCB Constructions to make a start on the project within a matter of weeks. &nbsp;

[smartcode_project:default project_id=112548 project_image_fid=205276]

Located on a prime 810 sqm site at 3 Thirteenth Ave, bounded to the east by Jefferson Lane and just 20 metres from the beach, Côte will deliver a collection of just 17 residences across nine levels.

“Côte presents an exceptional opportunity for buyers to secure a masterfully designed residence in one of the best beachside locations at Palm Beach,” said Steer.

“We have ensured that Côte sensitively responds to the local context while delivering the absolute best of a luxe lifestyle that is just steps away from the beautiful beachfront, the Palm Beach village precinct and some of the southern Gold Coast’s best cafés, restaurants, bars and boutique retail.”

The company’s latest luxe development brings Steer’s combined project portfolio on the Gold Coast close to $350 million, which includes plans to transform the famous Ashmore Steak and Seafood site into the $60 million Ashmore Markets high-end retail precinct.

[smartcode_project:default project_id=112548 project_image_fid=205277]

Designed in collaboration with DKO Architecture and Plus Architecture, Côte has been crafted to foster a life of coastal luxury and unrivalled convenience, taking advantage of the site’s natural beauty and prime location in the heart of Palm Beach.

Each of the 17 apartments will feature three bedrooms, a multi-purpose room and three-and-a-half bathrooms, with accommodation for two cars in a secure underground carpark.

CBRE Gold Coast, which has undertaken some of the Gold Coast’s key marketing campaigns, has been appointed to market Côte Palm Beach, with the group’s Director of Residential Projects, Nick Clydsdale saying it’s Côte’s design and location driving the interest in the project.&nbsp;

“Côte taps into an ever-growing buyer pool of well-heeled owner occupiers who respond to impeccable design and location and demand certainty of delivery,” said Clydsdale.

[smartcode_project:default project_id=112548 project_image_fid=205278]

The building’s sculpted façade, featuring a timeless sophistication and a visually dynamic form, captures the essence of coastal refinement, while the interiors curve in and out of form, with the distinctive recesses creating a shell-like pattern.

Priced from $2.39 million, the luxury residences at Côte will offer generously-sized living spaces, high-quality appointments and lush outdoor spaces that take in the expansive ocean views

Côte’s floor-to-ceiling glazing throughout is designed to foster ample natural light and scenic coastal views, while cascading greenery will soften the linear form. Expansive balconies in each apartment also create superb alfresco settings for everyday living or entertaining.

“Côte Palm Beach will appeal to a broad range of buyers from professionals, holiday investors and downsizers, as well as Palm Beach locals who have already responded so well to this project,” Steer said.

[smartcode_project:default project_id=112548 project_image_fid=205280]

Côte’s two-per-floor apartments will deliver spacious open-plan living with superior finishes and luxury inclusions such as stone benchtops and premium oak flooring.&nbsp;

Among the inclusions are high-end Miele and Gaggenau appliances in the kitchen and laundry, plus a wine fridge and barbecue station on the balcony.

The master bedroom features generously sized walk-in robes and ensuites, boasting large freestanding circular baths paired with the rounded edge walls that feature throughout.

[smartcode_project:default project_id=112548 project_image_fid=205286]

Residents will also enjoy premium resort-style facilities including a residents-only pool with a lounge area, communal dining and barbecue facilities, beach showers and a start-of-the-art gym studio overlooking the pool area.

The development is scheduled for completion in March 2024.

[smartcode_project_cta:default project_id=112548]

Located on a prime 810 sqm site at 3 Thirteenth Ave, bounded to the east by Jefferson Lane and just 20 metres from the beach, Côte will deliver a collection of just 17 residences across nine levels.

Steer Developments fast-tracks construction of $51 million Côte Palm Beach after launch

The Graaf retail and development dynasty are set to redevelop one of Potts Point's most iconic buildings into four luxury terraces.

The Graaf family, led by Graaf Founder, Managing Director, and family patriarch Gennaro Autore, have submitted a development application for 20-26 Bayswater Road, the heritage-listed Mansions Terraces which they secured last year for $22 million. They were previously the home of the famous Candy's Apartments Nightclub, as well as the backpacker hotspot World Bar, which occupied two of the terraces.

The terraces will be fully redeveloped and extended, which will free up more commercial space on the ground level.

The terraces themselves will have four bedrooms across the new 340 sqm of internal living space. The attic level will be converted into a full floor master suite with a rooftop terrace.

Tony Leung from A+ Design Group has drawn up the plans which aim to keep the "fingers" which have become synonymous with the site.

<img alt="Mansions Potts Point" data-entity-type="file" data-entity-uuid="e61f4802-cbaa-4d19-84a8-993f492778f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-13%20at%207.57.10%20am.png?VersionId=8czUJsgM86Q7XJWHFQ0cI2qam0Nfh_2j" />

"The proposed development involves alterations and additions to an existing building, with majority of the existing front façade on Bayswater Road and the four ‘fingers’ on Mansion Lane being retained,"&nbsp;the design verification statement submitted by Leung noted.

The lower ground and ground floor at the rear are proposed to be demolished and rebuilt with two new basement levels. The above ground works are proposed between the existing “fingers” and an additional part-floor attic level under roof space at the existing building height threshold.

"It respects the existing heritage building fabric by delicately curating rear wings design, to enable a contemporary and contextual fitting addition to the buildings while being able to provide a positive contribution to both existing and future public domain," the reported stated.

"The site presents a unique opportunity to revitalise the surrounding commercial with integrated residential neighbourhood because of its’ location,"

"It offers an extensive network in proximity to existing shops, public and private transportation, linking major arterial roads to the city, eastern suburbs and northern beaches."

The terraces are just 150 metres East of Kings Cross Train Station, and there are extensive public transport links in front of the site on Bayswater Road.

Graaf has a long history in both retail and property development. As well as handling the distribution of luxury retail brands&nbsp;Missoni and Brunello Cucinelli in Australia, they've been part of a number of commercial redevelopment projects across Sydney, including The Trust Building in the Sydney CBD, The Amalfi Way on Woolloomooloo wharf, as well as a number of store fitouts.&nbsp;

The terraces will be fully redeveloped and extended, which will free up more commercial space on the ground level

First look: Graaf Group plot iconic Mansions Terraces, Potts Point redevelopment

Prolific developer GURNERTM has unveiled its most significant and ambitious project yet; a $1.75 billion mega-project that will transform the last major site in Melbourne’s Docklands into a world- class mixed-use, botanical destination.

GURNERtm wants the buildings to rival those in Singapore, New York and London.

The 18,000 sqm island infill site at 208-226 Harbour Esplanade is controlled by development consortium City Harbour – backed by the Liberman family – who hold the development rights. The project, now a JV between GURNERTM and City Harbour, stretches over a substantial parcel of land that will be transformed to become the entrance to the city and Docklands from Melbourne’s west.

The intent of the project will be to create a world-class public realm within the site that will be a drawcard for Docklands, the city and Melbourne as a whole.

“From a destinational and tourist perspective, it will be something Melbourne has never seen before – it will create a lot of excitement, and drive huge interest to the area and be something truly different for Docklands,” GURNERTM CEO Tim Gurner said.

“As the business continues to diversify and grow we are heavily focussed on large-scale, mixed-use precincts like this where we can create something with real point of difference and enough scale to transform the area around it.

“This will be like nothing ever delivered in Melbourne and really put Docklands on the global map.

<img alt="Gurner's Docklands site" data-entity-type="file" data-entity-uuid="908bf11b-ccd7-4325-8ccf-813eb04022d5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%209.36.07%20am.png?VersionId=nDq53useb.YyEgwARx2I5N3GZf.avhEK" />

“There has been some great development progress in Docklands over the years, however what we are going to deliver here will create a true heart and soul of Docklands where the community and visitors can come and embrace life.

“Our whole ethos is all about delivering product that pushes boundaries – and this landmark destinational precinct will be no different, it will feel like you’re stepping into another world and experiencing something you didn’t think was possible in the built form.

Gurner said he's always loved the Docklands, having lived there for a number of years.

"I always wanted to put my own stamp on it, but we needed a site that was large enough to be transformative – we’ll be creating a new world-class precinct, which will take the area to another level and put it on the world stage in terms of architecture, design and luxury property," Gurner said.

The public realm attraction, which will soon be revealed, will be a huge drawcard to the area and connect in with what will becomes Melbourne’s largest and most important wellness, recovery and performance centre, as well as a bustling mixed-use, retail and commercial precinct which will anchor the site, with multiple mixed-use towers floating above.

Each tower will be distinct in its character, form and function – each one draws on a cross-section of the most well-known and ambitious architecture exemplars from the world’s most well-admired cities – including Singapore, Dubai, London and New York.

The towers will include GURNERTM’s signature mix of luxury build-to-rent and build-to-sell residences, hotel and sky-high hospitality venues.

<img alt="Gurner's Docklands site" data-entity-type="file" data-entity-uuid="f7d68f86-bc4c-4387-9596-c203077b2198" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%209.33.53%20am.png?VersionId=dz88J5g9_3M.g9DVjV1d0o020ofllsSD" />

“The precinct will inspire a sense of adventure and wonderment in visitors – with more public amenities and interaction between architecture – this will be like nothing people have experienced before, and certainly something never-before-seen in Melbourne," Gurner added.

“We’ve taken cues from some of the best architects in the world, and some of my favourite designers – each tower will be distinct in its identity, centred around the ‘creation’ in the centre of the site, with additional public land and amenities, interaction between each tower and world-class mixed-use spaces.

“Opportunities to create projects of this size and scale come along once in a lifetime – then GURNERTM brand has evolved into a national and multi-faceted business, and our capabilities mean we are among just a small handful of private developers that can confidently take on projects of this scale to deliver something that is transformative and ground-breaking.

“We are committed to helping Docklands become what we all know it must for our city to get back its claim as the World’s Most Liveable City. Docklands is the biggest opportunity in Melbourne for a world class precinct and we look forward to adding to its future.”

Bordered by Wurundjeri Way, Dudley Street, La Trobe Street and Harbour Esplanade, the site will offer immediate Quay and harbour-front views. GURNERTM will be seeking to amend the existing scheme to unlock the full potential of the site, and bring its distinctive ultra-luxury inclusions to each tower, amenity and public space.

The revised plans are currently being finalised, with the team seeking to significantly improve and increase the size of the ground-floor public realm, with a significant focus on pedestrian circulation, public activation, lagoon-like greenery and communal shared spaces.

Plans are expected to be lodged with council in Q4 2022.

The intent of the project will be to create a world-class public realm within the site that will be a drawcard for Docklands, the city and Melbourne as a whole.



Gurner targets $1.75 billion Docklands precinct

It’s a rare advantage to find a new build along the Gold Coast at the moment.&nbsp;

While a number of residential projects begin to launch to the market for off the plan sales, McDonald Industries' Park Shore development presents one of very limited chances to secure and move into a new apartment this year.&nbsp;

[smartcode_project:default project_id=134758 project_image_fid=205904]

The family-owned development group has released the 45 built apartments to meet sustained demand from property buyers in the Gold Coast’s prime lifestyle precincts, with the residences priced well below the replacement cost of new apartments.

With a mix of two and three-bedroom apartments, the release delivers a spat of modern residences in the suburb’s sought-after Golden Mile, tipped as the most affordable to come to the locale in years.

Located at 41 Labrador Street, buyers can expect to move in by December, with the unique offering following the extensive refurbishment of the former Sandy Point Resort which was purchased by McDonald Industries in June this year.

McDonald Industries' Alex Pope said the opportunity for buyers to lock into one of the Gold Coast’s prime waterfront markets, with an array of lifestyle amenities at the door, at the prices on offer is extremely unheard of.&nbsp;

[smartcode_project:default project_id=134758 project_image_fid=205915]

“With construction costs continuing to rise, this development delivers a range of newly renovated apartments at below replacement costs. We believe there is no other building on the Gold Coast or in Queensland that is offering such an opportunity.”

Apartments within Park Shore have just been released to the market for the first time this week, with prices starting from $695,000 to $950,000.&nbsp;

A focus has been placed on maximising view points across Park Shore, with apartments enjoying aspects to either the waters of Broadwater, the rolling sand banks along the estuaries, the glittering lights of the Gold Coast skyline or to the stretches of the hinterland.&nbsp;

Spanning approximately 120 sqm, each apartment boasts three balconies to encapsulate the varying viewpoints, while spacious interiors seamlessly blend to bring the outside in.&nbsp;

Each of the homes will feature large kitchens, adorning European appliances, generously-sized bedrooms and open-plan living and dining areas, along with two bathrooms which include a bath.&nbsp;

Large internal laundries will be complemented by custom robes, timber composite flooring and plush carpet in the bedrooms, with dedicated entry hallways and ample storage rounding out the offerings.&nbsp;

[smartcode_project:default project_id=134758 project_image_fid=205913]

Leading Sales Agent, Tim Keenan of Keenan &amp; Co. said Park Shore presented a truly unique opportunity to live and invest in a bygone era of quality building design, spacious layouts and solid construction.&nbsp;

“They don’t design and build apartments like they used to, and we believe the oversized living area and bedrooms of Park Shore apartments will be exceptionally appealing to today’s buyers,” Keenan said.&nbsp;

All common areas of the building have been upgraded in the refurbishment, with a stylish reception and foyer, as well as extensive landscaping and garden areas and many of the amenities residents would expect to find in a modern resort-style development.

A large pool with surrounding cabana and barbecue areas will feature, along with a dedicated residents’ lounge that opens onto the lush gardens. Garden areas will also have established fruit and vegetable plantings for the benefit of Park Shore residents.

The entire development has been designed as a pet and bicycle friendly site, taking advantage of the level stroll to the Broadwater, which connects to a number of walking paths, nearby beaches and swimming spots, parklands, restaurants and cafes.

[smartcode_project:default project_id=134758 project_image_fid=205901]

Enhancing the site’s first-class lifestyle destination is the convenience and amenity of both the Main Beach and Harbour Town retail and entertainment precincts only minutes by car.

The Sydney-based McDonald Industries, which was founded in 1974, has leveraged almost five decades of experience in the refurbishment and strata titling of the existing residential apartment buildings to bring Park Shore to the market.

The company has built, renovated and sold more than 7,000 apartments throughout inner city Sydney, Melbourne, Brisbane as well as Gold Coast, Townsville and Palm Cove.

“We’ve been renovating whole apartment blocks in Sydney and Queensland for over 50 years and Park Shore is among the most exciting developments we have undertaken in many years,” said Pope.

“This is a quality offering in one of the Gold Coast’s great locations that is timed perfectly for a market looking for project certainty as Park Shore apartments will be ready for residents to move in before the end of this year.”

[smartcode_project:default project_id=134758 project_image_fid=205900]

The development of Park Shore has also contributed to McDonald Industries’ sustainability initiatives. Since acquiring Sandy Point Resort in one line in June this year, the company has donated all 42 furniture packages within the resort to the northern New South Wales flood appeal, which is estimated to have helped more than 2,000 families in the flood affected area.

[smartcode_project_cta:default project_id=134758]

Located at 41 Labrador Street, buyers can expect to move in by December, with the unique offering following the extensive refurbishment of the former Sandy Point Resort which was purchased by McDonald Industries in June this year.

Park Shore to welcome residents to Labrador’s Golden Mile by December

A local developer has lodged plans for a site fronting Marine Parade&nbsp;overlooking the waterfront at Biggera Waters.

Just 30 two-bedroom apartments will be offered across the 1,091 sqm site at 456 Marine Parade, with BDA behind the designs.&nbsp;&nbsp;

BDA noted that the apartments, which start from 90 sqm internally, will provide short term accomodation along the water frontage of Biggera Waters.

"As designed, the project will provide a memorable sculptural short-term accommodation tower," BDA stated in their submission to the Gold Coast City Council.

"The design intent is to create a high quality short term accommodation that contributes to the diverse range of building typologies within the area.

<img alt="Marine Parade Biggera Waters" data-entity-type="file" data-entity-uuid="75080bd2-32d2-4106-93a8-04eb657709db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%203.53.32%20pm.png?VersionId=Gkbeur720Aq1HRVuqt2t9ZTwFiKdTTBa" />

"The tower has been broken up into two distinct floor plates that undulate back and forth to give variation and movement in the overall form," the statement read.

Four apartments will be spread across each floorplate, with a focus on maintaining optimum cross ventilation and natural light, whilst capturing surrounding views.&nbsp;

Each apartment will also be provided with a generously-sized balcony, to encourage indoor and outdoor interactions.&nbsp;

The nine-storey building will take on a minimal and coastal design, set to enhance the streetscape, while adding to the diverse range of building typologies within the locale.

<img alt="Marine Parade Biggera Waters" data-entity-type="file" data-entity-uuid="1d84d688-e5ce-47b6-920b-8e98cfee0186" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%203.53.36%20pm.png?VersionId=S8Hj6UBMUnzFz8L_HcugG1vJtQMVEQTb" />

"Overlapping balcony edges create a subtle movement up the building facade creating visual interest from the Broadwater, while a composition of white brickwork, timber-look screening, large glazing elements and planters provide a subtle but well crafted mix of natural materials.&nbsp;

“The detailing and articulation of the built form demonstrates a positive outcome for the streetscape and Biggera Waters area."

The development encompasses wide-reaching water views from the site's frontage to Marine Parade, catching views towards Wave Break Island, with multiple mature Norfolk Pines within Khoundavong Park.

<img alt="Marine Parade Biggera Waters" data-entity-type="file" data-entity-uuid="3fbfcdcf-7086-45c4-95eb-8734f4c7bd4b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%203.53.17%20pm.png?VersionId=rfkAzzyFnMS7g_fApxyMpB5Fpg2EZORD" />

Residents will also enjoy the amenity of the linear park and walkway along the Broadwater edges, while also being within a short distance to a variety of shopping and leisure amenities, as well as public transport options.&nbsp;

BDA noted that the apartments, which start from 90 sqm internally, will provide short term accomodation along the water frontage of Biggera Waters

First look: New Marine Parade, Biggera Waters apartments to target short term accomodation

Following the $25 million record sale of the penthouse in Ode Double Bay, Top Spring Australia has announced the second biggest apartment sale in the luxury harbourside suburb.

Sub-penthouse 403 has sold through 1st City Projects principles Brad Caldwell-Eyles and Julian Hasemer for just shy of $17.5 million. The apartment has over 300 sqm of internal living space and a further 62 sqm of external space.

<img alt="Render of the Double Bay project, Ode" data-entity-type="file" data-entity-uuid="19fda918-5dc5-48dd-b15e-4794a7409996" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21187_101_HR.jpg?VersionId=kQuVzFD76Woup_XY._1evst8_yP_AGsR" />

“The purchaser sought a premium, large-scale residence with village convenience and northerly harbour outlook as they downsize from their current inner-west home,"&nbsp;Caldwell-Eyles said.

"Well-travelled, Ode, Double Bay offered the ideal mix of European design with the best of Sydney lifestyle." 
&nbsp; 
As part of Top Spring Australia’s post exchange service, buyers also have the opportunity to engage with the interior design team through a one-on-one consultation experience.&nbsp; 
&nbsp; 
The sub-penthouse buyer has already nominated to include marble sinks and vanities that are a key feature of the powder rooms into each of the bathrooms.&nbsp;They will also have the ability to select home appliances from their own preferred supplier. 
&nbsp; 
Construction is set to begin in the early stages of 2023 on Ode, with a proposed completion date of Q1 2025.

Occupying a prominent corner site at 19-27 Cross Street, and featuring architecture by the celebrated Luigi Rosselli, Ode, Double Bay is a mix of European refinement, artisan interiors and the ultimate Eastern Suburbs lifestyle.

Residents will also benefit from the spat of high end retailers finding home across the ground floor plane of the development, which will link directly to a proposed public plaza with street level dining, cafes and bars.&nbsp;

Christian Verges and Anthony Moustacas of Double Bay café Indigo bought the first two ground floor spaces for $10.1 million, with the duo set to celebrate 20 years in business by relocating their cafe across the street when the development is complete in 2025.

<img alt="Render of the Double Bay project, Ode" data-entity-type="file" data-entity-uuid="55f75516-3d36-4706-ae94-e0e661259c59" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/21187_102_HR.jpg?VersionId=A9b08PfLPqDCyg6uNKL_thibPeoS8df_" />

“Verges and Moustacas are super excited to be a part of Double Bay’s premiere project and take Double Bay dining to a new level," Caldwell-Eyles added.

The Glebe-based restaurant Carte will open its second premises from Ode, securing the third 137 sqm retail space for $5.7 million.

Ode, Double Bay residents will enjoy exclusive offers, including free dining gift vouchers, exclusive fine dining experiences at home with Carte’s chef, access to invite- only events and previews, free art classes and discounts on artworks.

Top Spring secure Double Bay's second most expensive apartment at Ode Double Bay

Local Brisbane developer Sarazin is tweaking the next two towers of its popular Silk Lane development in the heart of Woolloongabba's Olympic precinct.

Sarazin is seeking to add more levels on the two towers which will literally look into the famed The Gabba, the focal point of the 2032 Summer Olympics.&nbsp;

In a community engagement report, Sarazin said the aim to design larger apartments reflects current buyer demand.

"The apartments are aimed at families and downsizers seeking to enter the area of Woolloongabba, as it is revitalised by Cross River Rail and the Olympics," the report noted.

They'll be adding another 34 apartments to the two towers which were approved at 20-levels per tower. They're now wanting Silk Two to rise 25 levels and Silk Three to reach 32 levels. Both of the towers have been designed by Nettleton Tribe, who designed Silk One.

<img alt="Silk One Two and Three" data-entity-type="file" data-entity-uuid="8ffb7196-89df-4a54-af75-76998e489c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.11.51%20am.png?VersionId=hc4W8z60Fu3yR2VDDZQPQAeEP6Tdv2SC" />

Silk Two will have 146 apartments, a mix of 36 one-beds, two thirds with a multi-purpose room, 80 two-bed apartments, and 30 three-bedders. Silk Three will have 239 apartments, 69 one-bedrooms, 102 two-bedrooms, 60 three-bed apartments, and eight four-bedders.

Half of the resident amenity in Silk Three will be on the third level, where there will be a gym with treatment rooms and hot tubs in landscaping. The rooftop will home a dining space, outdoor barbecue area, a swimming pool and a sauna.

All of the resident amenity in Silk Two will be on the rooftop. That will too have a pool, dining and barbecue space, as well as a wine room.&nbsp;

There will be eight retail tenancies on the ground level to invigorate the streetscape.

In addition to the tweaking of the density and the heights, Sarazin are proposing a groundbreaking gallery for science and the arts. STEAMM (science, technology, environment, art, music and mathematics), will sit across a two level, 1735 sqm gallery space in Silk Three and will open to a STEAMM Garden.

<img alt="Silk One Two and Three" data-entity-type="file" data-entity-uuid="3206b39f-1ebf-4526-ab49-08ff5fd00ac6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.02.30%20am.png?VersionId=a1yXajmiW9PW1hOpmtda3Z5Xihv7zL2E" />

"The inclusion of a STEAMM Gallery and Community Garden represents a ground-breaking project for Queensland, bringing science and art together through multi-form exhibitions, artists and scientists in residence, installations and curated experiences," planning documents submitted to the Brisbane City Council read.

"Sarazin believes the STEAMM Garden is a key additional community benefit, transferring 520 sqm of private space courtyard to the public realm, as the Garden will be open even when the Gallery is closed.

"Partnering with leading universities, research facilities, museums, artists and galleries both in Australia and abroad, STEAMM emboides Brisbane City Council's vision for a "new world city".

"STEAMM Gallery’s annual exhibition program supports Brisbane’s major science events such as the World Science Festival and National Science Week, in line with state and national educational curriculums.

<img alt="Silk One, Two and Three" data-entity-type="file" data-entity-uuid="03b8beb6-3495-4072-a330-dcd1cf30649b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.03.30%20am.png?VersionId=_VQNoMgFxeLSubtPje90T8dXEE1KkLhR" />

Sarazin was committed to strong engagement with the local community prior to the submission of the amendment to the development approval.

The project team met with several stakeholders in a series of briefing meetings. These included Planning Chair Cr Adam Allan, Lord Mayoral Advisor Nathan Percy, Economic Development Queensland, Queensland Art Gallery and Gabba Business Association.

A community newsletter was hand delivered to about 2,000 residences and businesses in Woolloongabba to advise of the proposed development and promote the community information sessions. Local business was engaged via a doorknock of the area surrounding the development, including the Logan Road precinct.

Sarazin believes the amendment is balanced by better design and significant community outcomes.

In a community engagement report, Sarazin said the aim to design larger apartments reflects current buyer demand

First look: Sarazin to favour downsizers and families in revised Woolloongabba apartment tower plans

The great Australian dream of owning a home is getting further and further out of reach for many. House prices in Sydney have jumped 113 per cent in the last decade, while unit prices have gone up 64 per cent Sydney-wide, property data house CoreLogic note.

Earlier this year the housing market saw its biggest 12 month growth in two decades, up 26 per cent over the year to March, CoreLogic data found.

Stamp duty, and the now required 10 per cent deposit request by banks, has first home buyers needing to dig all the way to the lining of their pockets before even starting to pay off their mortgage.

The NSW government recently announced a sweeping reform of stamp duty which gives prospective home buyers in New South Wales a leg up. They can opt to pay stamp duty, which only kicks in for property higher than $650,000, or pay a smaller annual property tax, for properties under $1.5 million.

But before the government announced the reform in June, some developers were already consciously trying to help buyers get on the property ladder.

In March, local Sydney developer Coronation Property launched a new scheme that allows buyers looking for an apartment to be able to pay with just a one per cent deposit, opposed to the standard 10 per cent deposit upfront. The ‘1% Own Way scheme’ allows buyers to then save the rest of the deposit over the next 12 months and pay over monthly instalments. A win for the buyers to save, while also increasing the potential of further price growth the earlier the property is bought.

Joseph Nahas, the Managing Director of Coronation Property, says the program was primarily designed to support first home buyers and young families, who are consistently priced out of the housing market.

“As Sydney property prices continue to grow, and reasonable entry into the market continues to decrease, we understand there’s been little opportunity for first home buyers to get on the property ladder in emerging areas close by to Sydney’s CBD,” Nahas says.

“The Own Way Program has been designed to help first home buyers, and young families, to live in suburbs that have previously been inaccessible to them because of the daunting prospect of a 10 per cent deposit payment. Through the Own Way Program, they are able to buy quality assets in quality suburbs, at today’s prices, with just one per cent providing peace of mind. We ultimately hope to achieve for our buyers a brighter financial future, and an attainable entry into the property market.

"The Sydney property market continues to grow and grow, which has meant there's been little opportunity for first home buyers to get on the ladder in area's close to the city," Nahas says.

Coronation Property trialled the scheme in 2021 and had positive feedback and a strong uptake from buyers. First home buyer Soomin Lee, who purchased at Coronation Property’s Mason &amp; Main development, said she would have had to have waited another two to three years to buy her first property if she had to save up the 10 per cent deposit.

“I feel like we’re always told to buy house and land, but the 10 per cent upfront deposit wasn’t feasible,” Lee says. “By locking in an apartment on a one per cent upfront deposit instead, and then having time to save the remaining portion of the deposit, I was able to get into the property market straight away and have the convenience of being able to pay the remaining balance over a reasonable timeframe.

Coronation Property’s Head of Sales Cameron Porter says they know how tough saving for a home deposit can be in today’s climate.

“As property prices continue to climb, we believe it’s important to support aspiring home buyers to take a step up the increasingly competitive property ladder,” Porter says.

The scheme is part of Coronation’s ethos to build for the owner-occupier, an ethos which puts the design of a project even more in the spotlight.

“Our attention to design attracts a high number of owner-occupiers,” Porter says. Last year Coronation made the decision to build their own in-house design team, Studio Circle &amp; Co, who start thinking about the potential design of a project even before a site is secured.

Porter says the design-focused approach was a major driver at The Paper Mill Precinct in Liverpool. Around half of the buyers in the striking urban regeneration project were first home buyers. “The Paper Mill precinct set a new benchmark for design and architecture previously unseen in Liverpool, which attracted a high percentage of locals who hadn’t been able to find anything in their price range worth purchasing,” Porter says.

[smartcode_project:default project_id=5847 project_image_fid=34768]

In a similar but very different vein is Coronation’s Ashbury Terraces, again aimed at the owner-occupier, but more geared toward downsizers and upsizers. The project of 59 terraces has been designed by SJB and focuses primarily on garden terrace homes filled with natural light which connects to the surrounding nature of the suburb.

“We understood that a large portion of our buyers for this project would be upsizers or downsizers, and designed the terraces to respond with inclusions such as large backyards and courtyards, oversized living and dining areas, multi-level gardens and generous master suites,” Porter added.

The owner-occupier focus sees Coronation secure a number of repeat purchasers, those who have been a first home buyer in a Coronation Property project a few years ago and are looking at upsizing and already have that developer trust that is needed in the off the plan industry.

[smartcode_project:default project_id=112253 project_image_fid=193248]

Developing for the owner-occupier is generally considered a more rounded approach for developers. Owner-occupiers tend to care more about the building they own a part of, and its shared amenity, as well as a better sense of community and neighbourship when there are more permanent residents within the development as opposed to the transient nature of tenants.

While building for owner-occupiers naturally brings owner-occupiers and first home buyers, an owner-occupier approach will inevitably lead to investors buying the apartments, given that’s exactly the target market they’re seeking as a landlord.&nbsp;

While the majority of apartments were snapped up by owner-occupiers, The Paper Mill boasts a 0 per cent vacancy rate for those investors in the project, while apartments are only on the market for an average of seven days before being snapped up.

Coronation Property’s Managing Director, Joseph Nahas, and Head of Sales, Cameron Porter, discuss the importance of developing with first home buyers and owner occupiers in today’s climate

Latest Property News

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News