Gold Coast-based developer <a href="https://www.apartments.com.au/developers/ignite-projects">Ignite Projects</a> has lodged a Development Application for a landmark $120 million precinct set to transform the southern gateway of the much-loved Spit.

Positioned at the most prominent entry point to the iconic peninsula, the project has been designed with a strong focus on architecture, public space, heritage and connectivity, delivering a revitalised parkland setting that invites locals and visitors to engage with the Broadwater.

Central to The Isles proposal is a significantly upgraded public realm, including landscaped open space, a new waterfront café, and a family-friendly park featuring a naval-themed playground, open lawns and improved pedestrian connections.

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="de83a270-6091-4b26-bed0-86f9248e7f9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%201.jpg?VersionId=vt79HlCOwV9F7eLQe9.Z3bv9JGLMaSP2" />

The design retains and celebrates key elements of the site’s history. The training mast from the vacant and degraded naval cadet building, which forms part of a former Navy minesweeper, will be preserved. The existing Navy Memorial will be relocated and upgraded in collaboration with the RSL, allowing it to be publicly accessible for the first time in years. 
&nbsp; 
Heritage-listed Humphreys Boat Shed remnants will remain and be incorporated into the landscape, while the site’s established Norfolk Pines will be retained, reinforcing the area’s character and sense of place. The enhanced parkland will ultimately create a long-term community asset at the entry to The Spit. 
&nbsp; 
The Development Application (DA) lodged with Gold Coast City Council includes 28 waterfront apartments across three levels, ranging in size from 145sqm to 383sqm, designed as a feature landmark within the precinct and complement the public domain.

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="bbf94e00-b56a-47fb-a15d-3d17b0b1ec76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%203.jpg?VersionId=A0vmBNE_KohYJo1EoZcmF5IVW4tT5aDo" /> 
&nbsp; 
Ignite Projects Director Josh Foote said the project as a whole had been carefully shaped to deliver a meaningful outcome for the wider community, not just future residents. 
&nbsp; 
“This is about more than delivering opulent apartments – it’s about creating a welcoming and memorable gateway to The Spit that people can enjoy every day,” Mr Foote said. 
&nbsp; 
“We’ve worked hard to ensure the public realm is a central part of the project, from the landscaped parklands and family-friendly spaces through to the preservation and celebration of important local heritage.”

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="443bbde5-8221-45f8-a549-dad2623df20c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%204.jpg?VersionId=iUl6nc.sHkjMdo_1RigwbwUz_celHJ3H" /> 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, The Isles adopts a considered subtropical approach, with the building form shaped to maximise natural light, cross ventilation and views to the Broadwater and surrounding parklands. 
&nbsp; 
Architect Rafael Contreras said the design responded directly to its unique coastal setting. 
&nbsp; 
“Rather than a typical built form, the architecture has been shaped by performance and experience – from optimising outlook and privacy to creating a strong connection to landscape and climate,” Mr Contreras said. 
&nbsp; 
“A central landscaped courtyard allows light, air and greenery to permeate the building, while the articulated façade introduces movement and rhythm inspired by the Broadwater.

“The Isles will create a place where people can gather, relax and connect with the water, while also delivering a refined residential product that responds to its unique setting.”

<img alt="Ignite Projects unveils exciting details of landmark gateway precinct for the Spit" data-entity-type="file" data-entity-uuid="1089570d-1120-4302-9900-fb9f75c75c26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Isles%205.jpg?VersionId=pl9qmKZNbaL3A7XjmD7sjhLwmXaqzzLZ" /> 
&nbsp; 
The DA relates to the residential and public realm components, with a proposed boutique marina to be progressed as part of a future stage, subject to separate approvals. 
&nbsp; 
The Isles is being delivered under The Spit Master Plan, a collaborative vision to create a new residential, tourism, leisure, natural environment and cultural heritage hub on the iconic and much-loved peninsula.&nbsp; 
&nbsp; 
Ignite Projects has an established track record delivering premium residential projects across the Gold Coast, including The Monaco at Main Beach and Cabana at Palm Beach. 
&nbsp; 
Sales for The Isles are expected to commence in coming months from an on-site display suite, with construction targeted to begin later this year, subject to approvals.

Joel Robinson

Ignite Projects unveils exciting details of landmark gateway precinct for the Spit

The Federal Government’s sweeping changes to negative gearing and capital gains tax could trigger an unintended consequence: a surge of investor demand into the new and off the plan apartment sector.

While Treasurer Jim Chalmers has framed the reforms as a way to improve housing affordability and rebalance the tax system, the carve-outs for newly built housing are already positioning off the plan apartments as one of the few remaining tax-effective property investment plays.

Under the changes handed down in the Federal Budget, investors purchasing established properties after budget night will no longer be able to access negative gearing benefits. The Government will also replace the long-standing 50 per cent capital gains tax discount with a new inflation-indexation model and introduce a minimum 30 per cent tax on gains from July 2027.

However, there is a major exemption.

Investors buying new builds, including off the plan apartments, will still be eligible for negative gearing and will be able to choose between retaining the current 50 per cent CGT discount or adopting the new indexed model.

That distinction is expected to reshape investor behaviour almost immediately.

For years, established housing has dominated investor purchases because of its perceived lower risk, immediate rental returns and stronger historical capital growth. But with the tax advantages now heavily skewed toward new housing supply, the economics are changing rapidly.

The Federal Government has been explicit about its intent.

“The housing market and tax system are broken,” Chalmers said ahead of the Budget, arguing that existing concessions were disproportionately rewarding speculation rather than supporting housing supply.

The Government says the reforms are designed to encourage investment into new housing rather than established stock, a move aimed at increasing supply during a prolonged housing shortage.

According to the official Budget papers, limiting negative gearing to newly built homes is intended to “better align tax incentives with housing supply objectives.”

For the apartment development sector, particularly the off the plan market, the changes could become one of the strongest investor tailwinds in years.

Developers across Sydney, Melbourne and Brisbane have spent the past two years battling elevated construction costs, higher interest rates and subdued investor confidence. Many projects have struggled to secure sufficient pre-sales to commence construction, particularly in markets heavily reliant on investor demand.

The Budget changes may now alter that equation.

Investors seeking tax-effective property exposure will increasingly find themselves funnelled toward newly built apartments simply because established dwellings no longer offer the same benefits.

Commonwealth Bank described the reforms as one of the most significant shifts to residential property investment settings in decades, noting that the package is centred around “limiting negative gearing for residential property to new builds” while replacing the existing CGT framework.

That could have profound implications for the apartment sector.

Off the plan apartments already hold several advantages for investors. Purchasers typically secure a property at today’s price while settlement occurs years later, allowing time for capital growth and reducing the upfront capital burden. Brand-new apartments also generally attract depreciation benefits, lower maintenance costs, and stronger appeal to renters seeking modern amenity.

Now, they may also become one of the only residential property types still offering the full suite of historical tax advantages.

Industry analysts expect investor demand to increasingly migrate toward projects that can clearly demonstrate strong rental demand, transport connectivity and long-term supply constraints.

The shift is likely to be particularly pronounced in apartment markets already underpinned by structural undersupply, including inner Brisbane, the Gold Coast, parts of Sydney’s Lower North Shore and select Melbourne precincts where new apartment commencements have collapsed over recent years.

The reforms also arrive at a time when apartment supply nationally remains critically constrained.

Australia is already struggling to meet the Federal Government’s target of delivering 1.2 million new homes over five years. Construction feasibility pressures have delayed or shelved thousands of apartments across the country, particularly as building costs remain elevated and financing conditions remain tight.

Critics of the Budget changes argue the reforms could reduce overall investor participation in the housing market and place upward pressure on rents by discouraging investment in established housing.

Some economists estimate the measures could reduce housing supply over the longer term if overall investor appetite weakens.

However, the Government is betting that redirecting investor capital into new housing supply will offset those concerns.

“To continue to incentivise construction of new housing, investors building new residential properties will be able to choose either the 50 per cent CGT discount or the new arrangements,” the Budget papers stated.

That wording has been closely watched by the development industry because it effectively positions new apartments as the preferred investment class within residential property.

For off the plan developers, the reforms could become a powerful sales tool.

Projects that have increasingly relied on owner-occupier demand may once again attract investors seeking to preserve the tax advantages still attached to newly built housing before the July 2027 changes take effect.

The reforms are also expected to sharpen the divide between established and new housing markets.

Rather than a broad investor retreat from property altogether, many analysts expect a redistribution of capital toward sectors still supported by Government incentives.

That could create stronger demand for apartment projects in key urban growth corridors and transit-oriented precincts where population growth, migration and rental shortages remain elevated.

The policy direction also aligns with the Government’s broader push toward increasing housing density in established urban areas.

Across Sydney, Brisbane and Melbourne, planning reforms are increasingly encouraging higher-density apartment development around transport infrastructure and activity centres. By maintaining tax incentives for new housing, the Federal Government is effectively reinforcing that agenda from a taxation perspective.

For apartment developers who have spent years navigating subdued investor confidence, the changes may ultimately become the catalyst that reactivates parts of the off the plan market.

While the broader property sector is still digesting the long-term implications of the Budget, one thing is already becoming clear.

The era of investors buying established apartments and houses primarily for tax advantages may be ending.

But for off the plan apartments, the investment story may just be beginning.

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Investors to flood off the plan apartment market?

Adding to Chatswood’s growing skyline, <a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> is grounded in a simple principle: apartment living in a major centre does not have to come at the expense of space and outlook.

Set on Anderson Street in the heart of <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a>, the new residential tower, a collaboration between developers <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a> and <a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a> with architecture and interiors by <a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>, will introduce 122 apartments that prioritise generous proportions, considered orientation, and a strong connection to the surrounding heritage precinct.

The design originated from a Design Excellence Competition, where AJC proposed a building that combines suburban-style apartment scale with the density expected in a transport-rich centre. The development will include more than 1,800 square metres of retail and commercial space at street level, landscaped communal roof terraces, and a ground-floor pocket park framed by canopy trees. Together these elements aim to create a building that integrates with Chatswood’s evolving streetscape while maintaining a strong residential focus.

[smartcode_project:default project_id=151353 project_image_fid=353250]

A key driver behind the architecture was the desire to deliver family-sized apartments rarely seen in the Chatswood market. The Anderson includes a mix of one to four-bedroom apartments, with around 35 per cent of the residences configured as three or four-bedroom homes. At the top of the building, two double-storey penthouses span approximately 200 square metres each, reinforcing the project’s emphasis on scale and long-term liveability for both downsizers and intergenerational households.

Orientation and outlook were central to the planning of the building. The apartments are positioned to maximise views to the north and east across Chatswood’s heritage precinct, with upper levels capturing glimpses of the Pacific Ocean. South-facing apartments gain distant views toward the Sydney CBD and Harbour Bridge, while the building’s configuration intentionally reduces western exposure at lower levels to minimise overlooking toward the nearby railway corridor.

The external design references the character of the surrounding conservation area without replicating it directly. A brick podium anchors the building to the street and introduces a series of architectural portals that draw inspiration from the nearby Chatswood Presbyterian Church. Above this base, the tower shifts to a lighter, more open expression defined by horizontal lines and carefully detailed balconies that balance privacy with outward views.

[smartcode_project:default project_id=151353 project_image_fid=353254]

Toward the top of the tower, AJC introduces a distinctive lantern-like element formed by sliding screens. These screens provide both solar shading and privacy while also creating a visual marker for the building within the Chatswood skyline. The feature reinforces the architectural intent of the project, a structure that is visually refined while still responding to the practical requirements of apartment living.

Inside the residences, interior architecture focuses on clear spatial flow and practical everyday use. Open-plan living areas connect directly to large balconies, extending the internal living spaces outward and allowing natural light to move deeper into the apartments. Kitchens are designed as central working spaces with premium appliances and carefully selected materials, positioned to serve both daily living and entertaining.

[smartcode_project:default project_id=151353 project_image_fid=353256]

Bathrooms follow a similarly restrained design language, using refined fixtures and materials to create calm, functional spaces, while wardrobe areas adopt a gallery-style layout with integrated lighting and generous storage. These elements reflect a broader design approach that prioritises clarity, functionality, and durability over decorative gestures.

Positioned just a short walk from Chatswood Interchange, residents will have direct access to rail, metro, retail, and dining. The Metro extension allows travel from Chatswood to Martin Place in approximately 11 minutes, placing the CBD within easy reach for residents while maintaining the convenience of a walkable North Shore neighbourhood.

One-bedroom apartments at The Anderson start from $1,022,000.

[smartcode_project_cta:default project_id=151353]

How AJC designed The Anderson to bring oversized apartment living to Chatswood

<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>.

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

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 national property development firm, Billbergia, has launched the fourth stage&nbsp;of its $2.5 billion master planned community, Rhodes Central.

The latest release, Rhodes Central Oasis, brings a residential tower to the community, featuring modern resort style amenity set within tropical gardens in the heart of Sydney.

Located at 39 Marquet Street, the latest release sees 126 apartments on offer across the 15 level tower, primarily aimed at the owner-occupier with just&nbsp;six one-bedroom apartments, 64 two-beds,&nbsp;and 56 three-bedroom apartments.

[smartcode_project:default project_id=112691 project_image_fid=196876]

It also features a range of exclusive resident facilities, including an expansive swimming pool with private cabanas, a splash pad for children, and&nbsp;a spa.

The poolside grill area has alfresco dining space, with landscaped gardens as the backdrop.

The Rhodes Central neighbourhood covers approximately two hectares and will be home to five residential water view buildings on the Rhodes peninsula when complete, homing over 1,500 apartments.

[smartcode_project:default project_id=112691 project_image_fid=196880]

There will also be a central plaza with shopping, dining, and recreation offerings.

Acclaimed architects SJB designed the Oasis Tower, with vertical gardens adorning the glass facades, providing panoramic views of the surrounding mountains and city infrastructure.

SJB Architects Director&nbsp;John Pradel said Oasis embraces naturalistic living as one of its core design principles.

“The ambitious and inspired masterplan seeks to embrace a sense of community as its core design principle," Pradel said, adding that the design offers a variety of living typologies that cater to a diverse and emerging demographic.

Bilbergia believe Oasis is likely&nbsp;to attract locals wanting to upsize to accommodate a growing family and downsizers seeking the convenience of an inner-city lifestyle within a waterfront location.

The neighbourhood is currently attracting buyers who prefer the convenience that comes with high-density, centralised living.

Billbergia Sales Director, Lulu Chen, noted the development's&nbsp;vibrant community, lush resort-style amenities, and close proximity to both Sydney’s and Parramatta’s CBD as just a few of the key&nbsp;living factors about Rhodes Central.&nbsp;&nbsp;

“Oasis is the new star of luxury living at Rhodes Central," Chen said.

"We are excited to launch a modern residential building that combines a serene retreat with the excitement of the city. Our vision was to give residents the best of both worlds and offer a true sense of place."

[smartcode_project:default project_id=112691 project_image_fid=196875]

Chen says amenity at Oasis is centred around creating a well-balanced life.

"Nowhere else can you find a setting quite like this. Residents can find everything right on their doorstep, with a vibrant dining and entertainment precinct next door and a range of recreational options.

“There are even workspace options in the on-site Recreation Centre to help create the perfect life balance for residents working from home,” added Chen.

[smartcode_project:default project_id=112691 project_image_fid=196873]

With 12,000 people already living within walking distance of the Town Centre, Oasis creates space for an additional 400 people. Situated a 20-minute train ride away from the Sydney CBD, Oasis forms a new component of the Rhodes Central precinct.

The Rhodes Central Shopping Centre is home to 55 shops and services including a Woolworths supermarket, health and wellness services, and Bamboo Lane, a destination dining precinct that channels Asian food markets.

The 9,100 sqm Recreation Centre provides a health and wellbeing space, with the centre featuring multipurpose courts, a gym, cafe, community co-working and quiet areas, a health club and spaces for active play, along with an&nbsp;early childhood centre and a range of outdoor landscaped spaces.

[smartcode_project:default project_id=112691 project_image_fid=196881]

Each apartment features high-tech security with a smart intercom, with colour video allowing residents to manage visitors, as well as direct access to customer services.

One-bedroom apartments range in size up to 78 sqm, with two-bedders spanning around 90 sqm. The three-bedroom apartments reach 116 sqm internally.

Construction of Oasis Tower has commenced, with completion anticipated for mid-2025.

[smartcode_project_cta: project_id=112691]

The Rhodes Central neighbourhood covers approximately two hectares and will be home to five residential water view buildings on the Rhodes peninsula when complete, homing over 1,500 apartments


Billbergia launch Oasis Tower, the latest apartments in the masterplanned Rhodes Central 

The luxury home builder and now residential apartment developer, Graya, has been given the green light to push on with its second high-end residential project in Brisbane&#39;s inner-ring.

They&#39;ll soon be launching Canvas, a collection of just 21 two, three and four-bedroom apartments in the sought-after riverfront suburb of Bulimba.

Speaking recently to Urban, Rob Gray, who with brother Andrew founded Graya in 2013, said they were attracted to the&nbsp;Love Street site given its proximity to the Oxford Street lifestyle precinct.

[smartcode_project:default project_id=112020 project_image_fid=198790]

Gray said the three-level zoning allowed them to create something&nbsp;more affordable than what they usually create in the trophy home space.

&quot;We saw value in being able to bring something to what is one of Brisbane&#39;s top suburbs without pricing out the majority of the market as we do in the single home space,&quot; Gray said.

&quot;Most GRAYA supporters now have a change to own one for themselves.&quot;

Canvas will home a rooftop amenity level with the standout feature the infinity pool and spa. The rooftop offers&nbsp;views back to the Brisbane CBD.

[smartcode_project:default project_id=112020 project_image_fid=198792]

Graya has a long-line of prestige home builds to their name, setting a number of street and suburb records in the last few years.

But the move to multi-res was on the cards from day one.

&quot;We always wanted to go into multi-res, it was just a case of timing,&quot; Gray said. The team have been building around 12 luxury houses a year in some of Brisbane&#39;s best suburbs.

Their first multi-res project, Maison in New Farm, was just five luxury full-floor apartments that all sold off th​e plan with an average price of $3.2 million, with sales ranging between $2.8 million and $4.3 million.

Gray says&nbsp;buyers at Canvas should have confidence in the resale value of the Graya product.&nbsp;A Maison apartment that sold off th​e plan for $2.9 million in 2020 resold earlier this year for $5 million.

[smartcode_project:default project_id=112020 project_image_fid=198793]

Gray&nbsp;adds that, in the current uncertain times regarding&nbsp;the problematic construction industry, those developers who also build their project, are ultimately going to deliver.

&quot;There will be a real shortage of supply in the coming years, with developers who also build not facing the same types of challenges of those having to hire an external company to construct the project,&quot; Gray suggested.

&quot;There&#39;s also the fact that as a developer and builder, it&#39;s our job to think about every facet of the development. Sometimes when the developer isn&#39;t the builder, details can be missed.&quot;

They had bureau^proberts design&nbsp;Canvas, with the&nbsp;brief to create Graya homes in the sky and&nbsp;create the best unit block in the suburb..

&quot;Bureau^proberts stood out for us having nailed the luxury owner-occupier stock,&quot; Gray said, adding that their last 10 designs, which included Glasshouse, Thornton Residences, Cala Dei and Natura, have been very successful.

[smartcode_project:default project_id=112020 project_image_fid=198804]

Graya&#39;s longstanding reputation has seen them field a number of enquiries from either past clients, or friends of past clients, who know the Graya brand and have seen first hand what they&#39;ve produced over the years.

The name Canvas derives from the art world.

&quot;We try to make every project like a work of art,&quot; Gray said, adding that the facade of Canvas was so unique, and some of the intricate details they have brought into the rest of the building, that the&nbsp;word Canvas was an apt name for the project.

Motiv&#39;s Carly Cottam will be handling the sales of Canvas, with launch expected in late June.

[smartcode_project_cta: project_id=112020]

Speaking recently to Urban, Rob Gray, who with brother Andrew founded Graya in 2013, said they were attracted to the Love Street site given its proximity to the Oxford Street lifestyle precinct

Exclusive: GRAYA get green light for Canvas, luxury Bulimba apartments

Frasers Property has seen a wave of investors interested in Midtown, their&nbsp;urban renewal project&nbsp;on Sydney&rsquo;s North Shore.

Frasers note the main reason has been the projects&nbsp;proximity and connectedness to the greater community and surrounding Sydney suburbs.

There were nearly 20,000 expats who returned to Australia in March, data from the ABS showed.

[smartcode_project:default project_id=29969 project_image_fid=159035]

A rebound in international students is also expected to follow and with research from Urbis suggesting the already tight rental markets may only tighten further. Savvy investors are recognising this build-up in demand for well-located rentals within walking distance of major employment and education hubs.

Midtown, in the heart of Macquarie Park,&nbsp;

Fraser&rsquo;s General Manager Development NSW, Cameron Jackson said Midtown&#39;s walkability was a key element of the project.

&ldquo;Midtown MacPark is designed for 100 per cent walkability,&quot; Jackson said.

[smartcode_project:default project_id=29969 project_image_fid=198758]

&quot;Future residents will be living in one of Sydney&rsquo;s most connected communities where car ownership is not a necessity &ndash; a lifestyle which many expats and international students are already well-accustomed to and actively seek to emulate when they move to our shores.

&ldquo;The Metro station and Macquarie Centre are both just 500 metres away, and other shops, schools, a hospital, and childcare centres are all nearby. There are also extensive public transport options, including rail and bus connections. With the new Metro line, which is expected to be completed in 2024, travelling to the Sydney CBD will take less than 20 minutes.&rdquo;

&ldquo;And with the return of international students, demand for smaller units without a car space will further grow, as the world-class Macquarie University is only a 600-metre walk away. That makes Midtown MacPark particularly attractive to the university&rsquo;s more than 44,000 enrolled students and 3,000 staff

[smartcode_project:default project_id=29969 project_image_fid=159035]

There will be a car sharing scheme planned for the community, where designated car share spaces will be provided in each stage and at least 50 shared vehicles serving the community.

Jackson also said that the connectivity of Midtown and Macquarie Park as a whole is only set to grow further.

&ldquo;Macquarie Park is often referred to as &lsquo;Australia&rsquo;s Silicon Valley&rsquo;, given its status as a major technology, education and healthcare hub, and is already the largest non-CBD office market in Australia,&rdquo; he says.

&ldquo;Yet this lively precinct has still to reach its full potential, with the NSW Government&rsquo;s Draft Macquarie Park Place Strategy identifying scope for up to 20,000 additional jobs to be located in the precinct over the next two decades.

&ldquo;This significant forecast employment growth complements the already strong investment fundamentals for well-connected homes in Macquarie Park, and Midtown MacPark is the only community supported by a true mixed-use masterplan in this high-growth area.&rdquo;

[smartcode_project_cta: project_id=29969]

There were nearly 20,000 expats who returned to Australia in March, data from the ABS showed


Investors pour into Frasers Midtown, Macquarie Park masterplan as borders re-open

Australian-based Event Hospitality and Entertainment, formerly Amalgamated Holdings, has lodged plans for a site on one of the oldest streets in Australia - George Street.

Currently under generational transformation with the addition of the light rail and the pedestrianisation of much of its three-kilometres, the proposal at 525-529 will sit across two street frontages in the heart of Sydney.

Fronted by Angelo Candalepas, Candalepas Associates were chosen to design the plans for the George Street site after an architecture competition amongst some of Australia&rsquo;s leading architects.

<a href="/new-apartments/525-529-george-street-sydney"><img alt="" height="783" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-06_at_10.29.42_am.png" width="676" /></a> 
Photomontage looking west towards the proposed tower and podium. Credit: Candalepas Associates

A 44-storey mixed-use tower will be constructed, including a six-level podium, which will include a host of residential and public amenity spread across a lower ground floor and upper levels.

The lower ground floor of the podium will be home to the hotel lobby as well as conference facilities, accessed via Kent St, with a bar/restaurant accessed via Albion Place.

The upper ground levels will host a range of retail tenancies fronting George St, with a three-level cinema off Albion Pl.

Residences will begin from the 10th floor, with a mix of one, two and three-bedroom apartments on offer. Unique floorplan offerings will be especially dedicated across levels 22, 23, 23, 41 and 42 to cater to a variety of family types.

A 17-level hotel will also be incorporated into the tower, comprising 292 hotel rooms, as well as a gym and outdoor pool.

The communal open space is proposed on the tower rooftop, which is set to include barbecue facilities, mechanical plant areas, a terrace, seating areas and dining space, as well as a pool. Additionally, two community rooms will be provided, with one on level 23 and the other on level 24. &nbsp;&nbsp;

The tower form is well setback from the street frontages allowing the podium to take focus and connect directly to its immediate neighbours and public domain.

The design seeks to activate all of its public domain frontages, with the transformation of Albion Place set to boast the area into a vibrant inner-city destination.

<a href="/new-apartments/525-529-george-street-sydney"><img alt="" height="796" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-06_at_10.30.06_am.png" width="412" /></a> 
Photomontage looking from Kent Street towards the proposed podium and tower. Credit:&nbsp;Candalepas Associates

In recent times, The City of Sydney has been active in growing the cultural life of George Street, including commissioning major public art projects such as Tracy Emin&rsquo;s The Distance of Your Heart In collaboration with Candalepas Associates, a new artwork will also be fully integrated with the architecture of the building&rsquo;s northern fa&ccedil;ade.

Landing within a precinct of George Street closely associated with Chinatown and Haymarket, the site is just a four minute walk to Sydney Town Hall which is one of Sydney&rsquo;s oldest and most prominent landmarks.

Sydney Town Hall is regarded as the grandest 19th century civic building in Australia, with the City of Sydney transforming the precinct through the development of Town Hall Square.

The site also sits within the heart of Sydney&rsquo;s CBD retail and entertainment precinct, surrounded by eateries, bars, cafes and retail outlets that reflect Sydney&rsquo;s multi-cultural edge.

[smartcode_project_cta: project_id=24583]

Event Hospitality and Entertainment Limited lodge plans for Sydney George Street mixed-use development

The Brisbane-based property developer, Habitat Development Group, are continuing to bulk up their pipeline in Maroochydore, the central hub of the Sunshine Coast.

Fresh off the launch of their latest project, The Corso, Habitat has filed a development application for the 201-apartment The Millwell, in the heart of Maroochydore next to the Sunshine Plaza Shopping Centre.

There will be two, three and four-bedroom apartments across two eight-level towers, each with ground floor retail or commercial spaces.

Habitat Development Group Managing Director Cleighton Clark said the proposed $161m development would include significant resident amenity such as a resort pool and resident&rsquo;s terrace including BBQ areas, lush landscaping and resident&rsquo;s dining rooms.

<a href="/new-apartments/the-millwell-2-millwell-road-east-maroochydore"><img alt="" height="1192" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-06_at_4.17.54_pm.png" width="2150" /></a>

&ldquo;Following on from the sell-out success of our Market Lane Residences&nbsp;development and the recent launch of The Corso Collection in the Maroochydore CBD, we are excited to have the opportunity to be adding another iconic project to the Maroochydore skyline,&quot; Clark said.

&ldquo;We think it&rsquo;s a terrific location. It&rsquo;s nestled directly adjacent to the Sunshine Plaza, with 200m frontage to Cornmeal Creek and walking distance to the rapidly expanding Maroochydore CBD.&nbsp;

<a href="/new-apartments/the-millwell-2-millwell-road-east-maroochydore"><img alt="" height="1176" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-06_at_4.17.15_pm.png" width="2142" /></a>

Habitat have had their go-to architecture firm, K Architecture, draw up the plans.

Clark said both sides of the building will have great aspects north and south.

&ldquo;We&rsquo;ve been building on the Sunshine Coast for the past 17 years and have witnessed property in the region go from strength to strength, particularly the last two years,&quot; Clark added.

&quot;Rental vacancy rates are at a historical low and consistently below those of other regional and metropolitan areas in South East Queensland. Our sales rates continue to be very healthy and The Millwell provides us another opportunity to meet the demands of the growing region.&nbsp;&nbsp;&nbsp;

<a href="/new-apartments/the-millwell-2-millwell-road-east-maroochydore"><img alt="" height="1210" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-06_at_4.17.30_pm.png" width="1844" /></a>

&ldquo;We currently have a number of projects finishing construction in the Maroochydore CBD and in Sippy Downs, with more commencing later this year. These projects have all proven to be hugely appealing to both owner occupiers and investors alike and we are expecting the current high levels of market interest to follow through to The Millwell.&rdquo;.

Clark said he looked forward to being able to continue supporting local industry.

&ldquo;With so many unfortunate headlines in the media lately, we look forward to being able to support in excess of 400 workers on site during the construction phase. We enjoy long standing relationships with many local trades and&nbsp;suppliers and we look forward to continuing these relationships as well as creating new employment opportunities with this project.&quot;

Habitat is also waiting for approval on its St Claire, a 200-apartment project&nbsp;in Birtinya.

The Millwell Project Overview

<ul>
	<li>Location:
	<ul>
		<li>2 Millwell Road East, Maroochydore</li>
	</ul>
	</li>
	<li>Height
	<ul>
		<li>8 stories</li>
	</ul>
	</li>
	<li>Value of Project
	<ul style="list-style-type:circle;">
		<li>$161m&nbsp;</li>
	</ul>
	</li>
</ul>

<ul>
	<li>201 units across two towers, comprising:
	<ul>
		<li>125 x 2 bed units</li>
		<li>40 x 3 bed units</li>
		<li>37 x 4 bed units</li>
	</ul>
	</li>
	<li>Project Amenities
	<ul>
		<li>Onsite manager&rsquo;s office</li>
		<li>Resort pool &amp; lounging areas</li>
		<li>Podium level terrace including BBQ &amp; recreation areas</li>
		<li>Resident&rsquo;s private dining room</li>
		<li>361 sqm of ground floor commercial/retail space</li>
	</ul>
	</li>
	<li>View Corridors
	<ul>
		<li>360 degree views taking in the Maroochy River and Mount Coolum to the North, the beautiful Sunshine Coast Hinterland to the West, Mount Buderim and Point Cartwright to the South as well as Maroochydore Beach and Cotton Trees to the East. Many South facing units will also have aspects over Cornmeal Creek.&nbsp;</li>
	</ul>
	</li>
</ul>

There will be two, three and four-bedroom apartments across two eight-level towers, each with ground floor retail or commercial spaces

First look: Habitat Development Group set for The Millwell, Maroochydore apartments

A Brisbane apartment project by Henroth Investments&nbsp;is set to be revised.

Henroth, led by the Sydney-based Roth family, are scaling back their West End development at&nbsp;281-297 Montague Road. The site has previously was approved for five towers, before Henroth changed it to two in December.

There will still be nearly 350 apartments across the two towers, the north tower rising 19&nbsp;levels and the south tower 17&nbsp;levels.

The new design involves the creation of a vibrant, public amphitheatre area along the Davies Park side of the site with retail planned surrounding the amphitheatre, as well as a new sculpture park. It also&nbsp;features a curved landscaped exoskeletal sunshade, which has been popular among recent design applications.

<a href="/new-apartments/281-montague-road-west-end"><img alt="" data-entity-type="" data-entity-uuid="" height="1122" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-03_at_12.46.34_pm.png" width="1858" /></a>

Long view from Vulture St. Credit: nra-co-lab

Designed by The NRA Collaborative, the north tower will comprise 76 two-bedroom apartments, 95 three-bedroom apartments and 12 four-bedroom apartments and penthouses.

The south tower will consist of 30 one-bedroom apartments, 73 two-bedroom apartments, 43 three-bedroom apartments and 20 four-bedroom apartments and penthouses. &nbsp;&nbsp;

Some 1,606 sqm will be dedicated to retail space, in addition to 3,382 sqm of green public space.

A rooftop recreation area is planned for both towers, complete with infinity pools, gyms, dining space, library or cellar, barbecue areas, all set amongst lush landscaping.

There is also a unique north-east facing landscaped covered outdoor terrace on level one of each tower, with study and work areas, provided to accommodate the working from home movement. In addition, this area contains a selection of enclosed glass pods for residents’ who may wish to engage in private podcasts or online meetings.

<a href="/new-apartments/281-montague-road-west-end"><img alt="" data-entity-type="" data-entity-uuid="" height="1194" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-03_at_12.41.51_pm.png" width="1618" /></a> 
Render of the new public plaza. Credit: nra-co-lab

According to The NRA Collaborative, the revised design incorporates a rethink to the open space and ground plane opportunities to the West End community.

“The revised design will deliver a vibrant activated public plaza and subtropical landscaped space for the benefit of the local community,” they said.

The design response will also incorporate outstanding cross-site links in the form of direct pedestrian and cycle connections from Vulture Street, which is one of Brisbane’s major thoroughfares, through to the Brisbane River walkway.

The new public plaza space is integrated with an active retail frontage, which connects Montague Road to the centre of Davies Park, Souths Leagues Club and beyond to the Brisbane River.

Architecturally, as a central feature, each building will focus on incorporating unique large landscaped open-air common access balconies/gardens to every floor.

<a href="/new-apartments/281-montague-road-west-end"><img alt="" data-entity-type="" data-entity-uuid="" height="1190" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-03_at_12.46.57_pm.png" width="1404" /></a> 
View east across Davies Park. Credit: nra-co-lab

The open-air landscaped transition zones are designed as an extension of the new park and the green space combining with the open space to generate landscape vistas from within.

Biophilia filters on the ends of the open landscaped corridors provide vertical greenery up the façades in the form as fresh air filters providing natural cross ventilation to the open apartments’ walkways.

The new design involves the creation of a vibrant, public amphitheatre area along the Davies Park side of the site with retail planned surrounding the amphitheatre, as well as a new sculpture park.



West End, Brisbane apartment towers to get updated design

The popular New South Wales property developer&nbsp;Third.i has launched the last remaining homes in its luxurry Paragon of Pyrmont project.

The $113 million project, which officially wrapped up construction of its 31 residences in 2021, has just two homes remaining.

The final townhouses have three and four-bedrooms and are priced between $3.95 million and $4.5 million.

[smartcode_project:default project_id=5761 project_image_fid=198493]

The project is a rare offering for the suburb, largely dominated by apartment living.

According to the most recent Australian Bureau of Statistics data from 2016, over 92 per cent of available dwellings in Pyrmont consisted of apartments and units with just 6.5 per cent townhouse dwellings available.

The buyers so far in Paragon of Pyrmont have mostly been downsizers and owner-occupiers.

[smartcode_project:default project_id=5761 project_image_fid=198491]

Third.i&nbsp;Co-Founder and Director of Sales and Marketing Luke Berry says the remaining townhouses won&rsquo;t last long in a hungry market.

&ldquo;Paragon of Pyrmont is the epitome of spacious and luxury living in the epicentre of the city of Sydney,&quot; Berry said.

&quot;We are thrilled to see our final two residences hit the market and couldn&rsquo;t be prouder of the calibre we have created with the project in tailoring it to suit all buyer lifestyles.

[smartcode_project:default project_id=5761 project_image_fid=198490]

&ldquo;Buyers will feel the quality and consideration given to the project the minute they walk through the front door. We have combined city living and spacious living to create the ultimate residence in a suburb renowned for apartment and unit offerings.

&ldquo;Buyers are drawn to the uniqueness of townhomes available in Pyrmont and the fact these final residences are complete and ready to move into makes the listings even more desirable.&rdquo;

Each townhouse is kitted out with high-end Gaggenau appliances, a smart home system that can be access remotely, and an entertainment unit with a hydraulic television lift. There&#39;s also private lift access direct from the garage, which is met by a wine room with storage for around 250 bottles.

[smartcode_project:default project_id=5761 project_image_fid=198494]

Crowning each townhouse is a private rooftop terrace, complete with an outdoor kitchen and watering system for green, lush gardens, as well as a sundeck which benefits from city top views.

&ldquo;Paragon of Pyrmont just has it all in terms of spacious living, high-end amenities, access to local shops and transport, all while situated in the heart of Sydney with some of the most famous harbour views the city has to offer,&quot; Berry added.

&quot;This is a project Third.i will forever be proud of and joins our growing list of legacy projects for generations to come.&quot;

[smartcode_project_cta: project_id=5761]

Leading Australian property developer, Third.i has launched the last remaining homes in its luxury $113 million Paragon of Pyrmont project.



Two townhouses remain in Third.i’s Paragon of Pyrmont

Multi-billion-dollar developer Gurner has continued its expansion across the Australian residential market, securing its first South Australian site through a joint venture with Kennards Self Storage, the site&rsquo;s existing landholder.

When complete, the 1.7-hectare site at 237 Grote Street will comprise more than 750 residences with six-star amenity across four towers, a five-star hotel, over 15,000 sqm in retail and commercial space, an entertainment and recreation component and a public plaza, with an estimated end value of $1.25 billion.

With an estimated end value of $1.25 billion, the site will keep inline with the group&#39;s industry-leading Greener by Gurner initiative, making Gurner&#39;s first project in Adelaide carbon-neutral.&nbsp;&nbsp;

[smartcode_project:default project_id=2484 project_image_fid=40832]

It will also become the headquarters of Kennards in South Australia, complete with cutting-edge technological inclusions, retail stores, self-storage units, as well as enterprise and coworking spaces.

Part of the 1.7-hectare site is a 24,000 sqm six-level building originally constructed for Australia Post to sort and distribute mail near the CBD, but as letter volumes reduced, it was finally put on the market. &nbsp;

The strategic partnership between the two groups &ndash; the first of its kind in the self-storage space &ndash; will see Kennards repurpose the former Australia Post building into next-generation storage facility, which will be seamlessly integrated into the master plan.

Gurner CEO, Tim Gurner said the group will bring its vision to life for an iconic mixed-use, residential, self-storage and commercial office super-site across 11,000 sqm of prime development land.

&ldquo;This is an incredible site, and we could not be happier to be partnering with such iconic Australian success stories in Kennards and Sam, to bring a shared vision for the development to life &ndash; we&rsquo;ll be creating something very ambitious, something that hasn&rsquo;t been done before in this sector,&rdquo; he said.

[smartcode_project:default project_id=3530 project_image_fid=21377]

The announcement of the new project is a timely one for Adelaide, which was named the third-most liveable city in the world according to The Economist Intelligence Unit&rsquo;s Global Liveability Index for 2021, as CBD living, luxury property and amenity-rich projects continue to be favoured by owner occupiers and downsizers alike.

&ldquo;The main focus of this city-changing site will be a transformative public realm, that will become a key attraction for Adelaide CBD,&rdquo; Gurner added.

While there is no permit in place on the site, which has three street frontages on Grote Street, Gouger Street and Blenheim Street, Kennards Self Storage CEO, Sam Kennard commented on the current zoning and planning controls, allowing Gurner and Kennards Self Storage to proceed with a transformative mixed-use development.

[smartcode_project:default project_id=5117 project_image_fid=165555]

&ldquo;Originally we had identified an opportunity to re-purpose the existing building into self-storage and planned to subdivide and sell the surplus land, but COVID allowed us the time to take pause and reflect, and we soon realised the site had the potential to become a city-shaping project,&rdquo; Kennard said.

A design competition is currently underway to appoint a lead architect, and the development application is expected to be lodged in late 2022.

The announcement of the new project is a timely one for Adelaide, which was named the third-most liveable city in the world according to The Economist Intelligence Unit’s Global Liveability Index for 2021.



Gurner to develop Adelaide super site into $1.25 billion mixed-use precinct

If you're after a quintessentially Melbourne apartment – designed by none other than Melbourne's own Fender Katsalidis Architects –&nbsp; then you'll love WOBO in North Melbourne.&nbsp;

Take a look at our recent display suite tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/pF2GLinINUk" title="YouTube video player" width="660"></iframe>

<h2>WOBO AT A GLANCE</h2>

Address:&nbsp;103-105 Boundary Road, North Melbourne 
Developer:&nbsp;Orb Property Partners 
Architect:&nbsp;Fender Katsalidis Architects

[smartcode_project_cta: project_id=112082]

WOBO will feature a striking facade, with residences delineated by towering recycled brick columns, which are softened by shimmering glazing and greenery.&nbsp;

As you can tell from the video, the display suite&nbsp;clearly reflects the marketing renders, down to the unique details such as the mesh on the overhead storage and timber bench seating. The space feels very calm and cohesive, and any feature piece,&nbsp;such as the handles and tapware, are timeless.

[smartcode_project:default project_id=112082 project_image_fid=193771]

The bathroom styling is exquisite. Details such as the gooseneck showerhead, the elegant tiling and the fluted shower glass evoke a sense of luxury. The integrated cistern and tapware and hidden LED lighting are some other modern features the design team have thought of.&nbsp;

At WOBO, you'll also have access to some exceptional lifestyle amenities that you'll get plenty of use out of. There's a private member's lounge with a rooftop terrace complete with a firepit and an outdoor dining space with some of the best views of the Melbourne city skyline.&nbsp;

[smartcode_project:default project_id=112082 project_image_fid=193773]

The development is also part of a multi-stage mixed-use precinct which will include a wellness centre, fresh food marketplace, a 220 sea cinema, a co-working space and a resident's business lounge.&nbsp;

Located at 103-105 Boundary Road in North Melbourne, you can walk to Macaulay Station and Royal Park – with plenty of shops and amenities nearby.&nbsp;

[smartcode_project:default project_id=112082 project_image_fid=194135]

WOBO will feature a boutique collection of industrial-inspired one, two and three-bedroom apartments, including penthouse offerings and family-designed apartments. To learn more about securing your new home, then enquire via Urban today and move in by 2024.&nbsp;

Olivia Round

Display Tour Video: WOBO by Orb Property Partners at 103-105 Boundary Road, North Melbourne

While housing value growth has slowed, rents continue to rise across Sydney..

Nationally, CoreLogic&rsquo;s Hedonic Rental Index increased 1.0% in May, taking the quarterly rate of growth to 3.0%, up 60 basis points on a year ago.

CoreLogic&rsquo;s Research Director Tim Lawless said unit rents are rising at a faster annual pace than house rents across the combined capital cities (where house rents increased 8.6% compared to 9.1% across units) and the combined regional areas (where house rents rose 10.7%, behind the 11.0% gain in units).

[smartcode_project:default project_id=7020 project_image_fid=25155]

&ldquo;Early in the pandemic rental demand for medium to high density dwellings fell sharply due to a preference shift towards larger homes and a demand shock from closed international borders,&rdquo; Lawless said.

&ldquo;As rental affordability pressures mount, demand for higher density rentals has steadily grown due to the unit sectors&rsquo; relative affordability advantage. More recently, demand has been boosted by international arrivals returning to the rental market.&rdquo;

Amidst rising rents and a general easing in home value growth, yields are recording some upwards momentum, especially in Sydney.

Sydney gross rental yields are up from a record low of 2.42% in December last year to 2.59%, with Lawless saying that despite the upwards trajectory, yields remain remarkably low.

&ldquo;But a recovery back to average levels may be relatively quick if housing values continue to fall while rents maintain this growth trajectory,&rdquo; he added. &nbsp;

[smartcode_project:default project_id=9040 project_image_fid=193449]

Housing markets lost more steam in May as a combination of higher interest rates, rising inventory levels and lower sentiment dampened conditions.

Sydney&rsquo;s unit values hit -0.7 per cent, with the quarter seeing a -1.6 per cent decline.

Although housing values continued to rise across the remaining capitals, the growth was not enough to offset the depreciation in Sydney, which pushed the combined capitals index -0.3% lower over the month.

Sydney has been recording progressively larger monthly value declines since February, after peaking in January, with housing values down -1.5% - although still above pre-COVID levels at 22.7 per cent.

The trend in advertised stock levels helps to explain the weaker conditions across Sydney, with the city&rsquo;s advertised listings 5.1% higher than a year ago and 1.5% above the five-year average.

Nationally, advertised stock levels remain -10.3% below levels seen this time last year and 28.4% below the previous five year average. However, inventory in Sydney is now higher than 12 months ago and against the five-year average.

&ldquo;With stock levels now higher than normal across Australia&rsquo;s two largest cities, buyers are back in the driver&rsquo;s seat,&rdquo; Lawless said.

&ldquo;Higher listings add to tougher selling conditions more broadly. Vendors in Sydney have faced lower auction clearance rates since mid-April and those selling via private treaty are taking longer to sell with higher rates of discounting.&rdquo;

[smartcode_project:default project_id=7642 project_image_fid=197117]

While advertised stock levels provide some insight about the supply side of the market, home sale volumes provide guidance on housing demand.

As interest rates normalise over the next 12 to 18 months, the expectation is most of Australia&rsquo;s capital cities will move into a period of decline brought about by less demand.

Lawless said the trajectory of interest rates will be a key factor in future housing market outcomes. Forecasts for where the cash rate may land are varied. After the Reserve Bank&rsquo;s decision to lift the cash rate by 25 basis points at its May board meeting, the RBA noted: &ldquo;it&#39;s not unreasonable to expect that interest rates would get back to 2.5%.

&rdquo; Financial markets are still betting on a cash rate above 3% before mid-2023, while economic commentators show a broad range in their cash rate forecasts.&rdquo;

With the housing debt to household income ratio at record highs, household balance sheets are likely to be more sensitive to rising interest rates. High inflation could be another factor contributing to softer growth conditions in the housing sector.

A prolonged period of high inflation is likely to lead to lower rates of household saving and may potentially weaken prospective borrower&rsquo;s ability to meet serviceability assessments from lenders.

[smartcode_project:default project_id=7758 project_image_fid=150447]

Consumer sentiment also remains low, with Westpac and the Melbourne Institute&rsquo;s monthly reading falling another 5.6% in May to its lowest level since August 2020. Historically there has been a strong correlation between consumer attitudes and housing market activity.

These factors, together with stretched housing affordability and a more conservative approach from lenders, especially towards borrowers with high debt levels, are likely to contribute towards less housing demand over the medium term.

However, Lawless notes several mitigating factors as well.

&ldquo;Labour markets are tightening, sending the unemployment rate to generational lows and placing additional upwards pressure on wages growth,&rdquo; he said.

[smartcode_project:default project_id=112253 project_image_fid=193233]

&ldquo;As income growth outpaces housing values, the home deposit hurdle will gradually lessen, reducing one of the key barriers to entry for home buyers.&rdquo;

&ldquo;Strong labour market conditions, together with a growing economy will help to contain mortgage arrears and mitigate some risk of a surge in forced sales placing additional downwards pressure on housing values.&rdquo;

Another factor helping to contain distressed listings amidst rising interest rates is that most households are well ahead of their mortgage repayments. In the latest Financial Stability Review, the RBA noted the median repayment buffer for owner occupiers with a variable mortgage rate had grown from 10 months of scheduled repayments at the start of the pandemic to 21 months of scheduled repayments in February 2022.

Even with a two percentage point rise in mortgage rates, the median repayment buffer would reduce to 19 months, which is still substantial. With the median household well ahead on their mortgage repayments, the risk in falling behind on their debt obligations is reduced. Mortgage stress should also be minimised to some extent by mortgage serviceability assessments at the time of the loan origination.

All borrowers have been assessed under a mortgage rate scenario 2.5 percentage points higher than the origination rate, and since October last year, borrowers were being assessed with a buffer of 3 percentage points.

Under these serviceability scenarios, Lawless said it was reasonable to expect borrowers should be able to accommodate higher mortgage repayments costs, although such a rapid rate of inflation could create some challenges for borrowers with thinly stretched budgets.

&ldquo;With the RBA set to steadily raise the cash rate through the rest of the year and into 2023, we are likely to see falls in housing values become more widespread as mortgage rates trend higher,&rdquo; he said.

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