Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

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The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

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For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

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As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Joel Robinson

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

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

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

"For me, it's the location." That was the first thing Chris pointed to when reflecting on why he and his wife Marita decided to purchase at Candela Ivanhoe, the under-construction new apartment development by Salter Brothers in the heart of the north-eastern M​elb​ourne​ suburb. ​

"We've lived here before… everything is here," Chris said.

"Our doctor is around the corner, there's dentists, pilates, everything we need, restaurants, fast food places, two train stations, Ivanhoe and Darebin, both in walking distance. You don't need anything else."

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Just 10 kilometres from Melbo​urn​e's CBD, Ivanhoe combines direct city connectivity with the amenity of an established village community. Residents have access to highly regarded schools, expansive parklands, public transport, and a thriving retail and hospitality precinct centred around Upper Heidelberg Road, all within a neighbourhood that has retained its leafy character despite its proximity to the city.

<a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a> sits within the heart of this established landscape, positioned just moments from Ivanhoe Village and within walking distance of many of the suburb's most sought-after amenities.

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From Candela, residents can access cafés, grocers, wine bars, restaurants and essential services on foot, while Ivanhoe Station and Darebin Station provide direct connectivity across Mel​bour​ne. The development is also surrounded by some of the suburb's best-known lifestyle destinations, including Pinkie, Laurent, Enni, Docasa and Woodfire Pizza e Cucina, alongside Ivanhoe Plaza, Woolworths, pharmacies and specialty retailers.

Green space is another defining feature of the suburb. Darebin Parklands, Ivanhoe Park, Nellie Ibbot Park and the Yarra River trail network provide extensive opportunities for recreation, while Ivanhoe Golf Course and Ivanhoe Tennis Club continue to underpin the area's long-established lifestyle appeal.

The suburb's education offering further strengthens demand. Ivanhoe Grammar School, Ivanhoe Girls' Grammar School, Mary Immaculate Primary School and Ivanhoe Primary School have helped establish the area as one of Melbou​​rne's most sought-after schooling precincts, attracting families and downsizers alike who want to remain connected to the area.

[smartcode_project:default project_id=342 project_image_fid=357510]

While location was the priority for Marita and Chris, the project itself also needed to meet their expectations.

"Whilst location was paramount, I was also looking at design of the environment and Candela ticked every box," Marita said.

"We're just thrilled with our choice."

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Developed by <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>, Candela Ivanhoe has been designed to complement its village setting, with an emphasis on generous floorplans, natural light and practical everyday living.

Residents will have access to a range of shared amenities, including a communal rooftop garden and dedicated residential lounge, complemented by a ground-floor café and lifestyle wellbeing centre, helping foster the sense of community already emerging among future owners.

That approach has resonated strongly with the market. More than 90 per cent of purchasers at Candela Ivanhoe are owner-occupiers, with buyers ranging from downsizers and second-home buyers to young families and first home buyers, creating a genuinely multi-generational community of grandparents, parents and children. It reflects a broader shift across Melbo​​urne's apartment market, where buyers are increasingly prioritising neighbourhood quality, lifestyle amenity and long-term liveability.

Currently under construction by Ironside, Candela Ivanhoe comprises 58 apartments. Candela Ivanhoe is scheduled for completion in the coming months, and residents can move in from September. One to four bedroom residences, prices from $649,000 and limited opportunities remaining.

[smartcode_project_cta:default project_id=342]

Location and lifestyle drive demand at Candela Ivanhoe

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 Gold Coast&#39;s biggest news from April was the massive $20 million penthouse sale by Spyre Group at their luxury Burleigh Heads apartment development, Glasshouse.

KTQ also announced their long awaited developments on the dress circle Garfield Terrace, which will bring something the Gold Coast has never seen before.

We have news from Hirsch &amp; Faigen, Mosaic, Lacey Group and West Homes.

<h2>Spyre Group smash Queensland apartment record with $20 million Burleigh Heads penthouse sale</h2>

The Gold Coast apartment market was rocked with a $20 million sale, breaking every record in the Sunshine State.

The two-level penthouse in Glasshouse in Burleigh Heads, which features one of the most impressive rooftops money could buy, has sold for not only an apartment record (both of​f the plan and established) in the Gold Coast, but the whole of Queensland.

[smartcode_project:default project_id=104773 project_image_fid=189487]

It&#39;s topped some of the best penthouses in Brisbane, and even the apartments that line Noosa&#39;s beachfront Hastings Street strip.

To read more, <a href="/news/qld/spyre-group-smash-queensland-apartment-record-with-20-million-burleigh-heads-penthouse-sale">click here.</a>

<h2>KTQ set to bring Surfers Paradise the highest level of beachfront luxury</h2>

It&#39;s a development that&#39;s been over two decades in the pipeline, and it&#39;s set to provide&nbsp;local and interstate prestige apartment seekers, and even tourists, something the Gold Coast hasn&#39;t seen before.

It was before the turn of the Millennium&nbsp;that the family behind the luxury hotel operator and apartment developer, KTQ,&nbsp;led by the visionary developer Peggy Flannery, started buying apartments on the dress circle Garfield Terrace, fronting Surfers Paradise beachfront. KTQ has now amassed a huge&nbsp;2,000 sqm corner site.&nbsp;

<img alt="" height="316" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/seren_ktq.png" width="580" />

And now, after over 12 months of a rigorous design process, KTQ, who are behind the likes of Elements of Byron Bay and the Kirra Point development in Coolangatta,&nbsp;are announcing Serēn, a hotel and residences tower in one of the best spots in Surfers.

To read more, <a href="/news/qld/ktq-set-to-bring-surfers-paradise-the-highest-level-of-beachfront-luxury">click here</a>.

<h2>Siera Group set for beachside Surfers Paradise apartment development</h2>

​​The burgeoning Siera Group is the latest apartment player to hit the Surfers Paradise beach.

Under the direction of its Founder and Director, Brent Thompson, Siera has spent the last eight years developing high-end townhomes in Brisbane before recently pivoting its skillset to the Gold Coast apartment market. They&rsquo;ve submitted plans for a high-end tower just off the dress circle Northcliffe and Garfield Terrace.

<img alt="" height="388" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/siera_main.png" width="580" />

They&#39;ll be developing just 54 apartments across the 25-level BDA Architecture-designed tower at 8 Enderley Avenue, offering a maximum of three apartments per floor.

To read more, <a href="/news/qld/first-look-siera-group-set-for-beachside-surfers-paradise-apartment-development-exhale-surfers-paradise">click here</a>.

<h2>&quot;Urban Light House&quot; apartment tower planned for Old Burleigh Road, Broadbeach</h2>

The Brisbane-based property developer, West Homes, is set to offer some of the biggest apartments on the Gold Coast at their first Broadbeach apartment development,&nbsp;Aurora Apartments.

They&#39;ve had the local architecture firm Inarc Design create the 22-level tower of just 20 apartments at&nbsp;75 Old Burleigh Road, a site they secured late last year.

<img alt="" height="666" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aurora_main.jpg" width="1200" />

Each apartment will have nearly 400 sqm of internal living space, unprecedented even for the whole-floor apartment trend that has swept the Gold Coast over the last 12 months, as developers pivoted toward more high-end, owner-occupier friendly stock. One apartment, on level three, will have 430 sqm.

To read more, <a href="/news/qld/urban-light-house-apartment-tower-planned-for-old-burleigh-road-broadbeach">click here</a>.

<h2>Mosaic Property Group set for Broadbeach apartment tower</h2>

The continually busy South East Queensland apartment developer, Mosaic Property, has lodged&nbsp;plans for a new Broadbeach apartment tower, for what will be one of seven apartment developments launched to the market by the prominent developer in 2022.

<img alt="" height="365" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mosaic_main_broadbeach.png" width="580" />

They&#39;ve had&nbsp;Plus Architecture&nbsp;design the 29-level tower at 146 Surf Parade, which will home 96 apartments. Mosaic, led by Brook Monahan, secured the prime site late last year, buying&nbsp;each of the original apartment&nbsp;blocks at the neighbouring 146 and 148 Surf Parade.

Mosaic already have plans with the Gold Coast City Council for&nbsp;a boutique Bilinga project&nbsp;of 14 apartments at 1 Surf Street, and a&nbsp;30-apartment development at 7 Douglas Street in Coolangatta.

To read more, <a href="/news/qld/first-look-mosaic-property-group-set-for-broadbeach-apartment-tower">click here</a>.

<h2>Hirsch &amp; Faigen appoint Hutchinson Builders to deliver Gold Coast apartment development, Yves</h2>

Melbourne-based developer Hirsch &amp; Faigen has appointed Queensland&rsquo;s largest high-rise residential builder, Hutchinson Builders, to bring its $200 million Yves development to life.

Located just metres behind the famed Hedges Avenue beachfront strip, Yves will rise on 7-9 Mermaid Avenue with construction scheduled to start in May.

[smartcode_project:default project_id=102451 project_image_fid=186070]

The appointment of Hutchies to deliver Yves will add to the builder&rsquo;s $1.421 billion strong pipeline of 35 projects currently underway across the Gold Coast.

To read more, <a href="/news/qld/hirsch-faigen-appoint-hutchinson-builders-to-deliver-gold-coast-apartment-development-yves">click here</a>.

<h2>Lacey Group set for next Gold Coast apartment development</h2>

The family development company, the&nbsp;Lacey Group, has lodged plans for its next Gold Coast apartment development.

Off the back of two successful sell-outs in Palm Beach and Kirra Beach&nbsp;in 2021,&nbsp;Lacey Group, headed by Adam Lacey, is taking on&nbsp;Bilinga, just north of Coolangatta, which seems to be the hottest spot for apartment developers at the moment.

<img alt="" height="368" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lacey_bilinga.png" width="580" />

They&#39;ve lodged plans to the Gold Coast City Council for a 28-apartment project at 66 Pacific Parade, currently a walk-up block of original flats known as Serene.

The new 10-level tower has been designed by&nbsp;Plus Architecture&nbsp;on the block, on the corner of Pacific Parade and Archer Avenue, facing Joe Doniger Park and the beach.

To read more, <a href="/news/qld/first-look-lacey-group-set-for-next-gold-coast-apartment-development">click here</a>.

We have news from Siera Group, KTQ, Spyre Group, Hirsch & Faigen, Mosaic, Lacey Group, and West Homes



Gold Coast apartment insights: What happened on the Gold Coast in April?

The first resort and marina precinct in almost 20 years is set to be launched in the Whitsundays.

The approved $350 million Shute Harbour Marina Resort&nbsp;aims to transform Shute Harbour into an extensive foreshore with a&nbsp;resort hotel and a&nbsp;residential precinct featuring restaurants, retail outlets and marine services.

A new near 400-berth marina will also be part of the development.<img alt="" height="3095" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/211208_v1_final.jpg" width="5000" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort will be the first major marina and residential development in the Whitsundays since 2006 and will create the ultimate waterfront lifestyle for residents and tourists in one of the world&rsquo;s most sought-after sailing locations.

The multi-use marina, located on a prime 28-hectare waterfront site, will tap into a critical shortage of secure cyclone protected boat moorings in the state&rsquo;s north.

The marina resort will provide a much-needed boost for post-Covid tourism in the Whitsundays region and create 700 jobs during and post-construction.

Shute Harbour Marina Resort will also include a new commercial hub known as Pier 61, as part of a master-planned marina plaza that will create a range of new retail and commercial outlets for the waterfront development.

<img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_courtyard_renderv2.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

&ldquo;This is a development of regional and state significance that will deliver enormous benefit to the local economy,&rdquo; said Project Director Mark Daniels, who heads the&nbsp;consortium developing the project.

&ldquo;Shute Harbour is the gateway to the Whitsundays, with an outstanding marina location, and our plans will bring much needed tourism infrastructure to the region and complement the township&rsquo;s existing tourism and marine facilities.&rdquo;

&ldquo;In particular, we&rsquo;ve seen growing demand for marina berths in recent years and this is an exceptional offering that delivers a highly accessible mainland residential marina resort with a superb range of amenities and supporting services,&rdquo; he added.

The Shute Harbour Marina Resort master plan comprises 58 managed resort dwellings, each with their own private marina berths of 25 to 35-metres at their doorstep, along with managed apartments with resort club facilities, and a 100-plus room resort hotel, including function and meeting rooms, bars, restaurants, swimming pool and undercover parking.

<img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v2-4.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

The entire precinct will be linked by public boardwalks, lookout spaces and seating throughout, with plans to also establish new public parks and a community cyclone shelter on site.

Shute Harbour Marina Resort is poised to become a popular destination for residents, locals and tourists who will be drawn to the village-style precinct that will host a marina cafe and bar, marina club, supermarket, bottle shop, marina office, chandlery, marine electronics and charter operators.

The project is being undertaken by an Australian consortium headed by Mark Daniels, Mark McLachlan, Greg Phillips and Sam Wade.

The consortium members have a combined 70 years&rsquo; experience in the development industry with a collective delivery of projects to the tune of $1.25 billion, including Encounter Lakes, Encounter Bay SA &ndash; an award winning regional residential development set around a man-made environmentally sustainable saltwater self- flushing lake, Holdfast Shores, Glenelg SA &ndash; an integrated residential, tourism, retail and commercial development involving co-operative action between Commonwealth, State and Local Government, and Seaford, Noarlunga SA &ndash; a major urban &ldquo;Greenfield&rdquo; development comprising the transformation of 730 hectares into an integrated community development with a projected population over 15,000. 
<img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_internal_render_v1.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Daniels, who has extensive experience in project delivery in the Whitsundays region over the past decade, said the development is a game-changer for Shute Harbour which is set to benefit from the recent reopening of international borders.

Marina berths will range from 10 to 35 metres for mono and multi-hull craft, while the proposed land and berth packages will include marina facilities to accommodate boats up to 35-metres.

Berths are priced between $175,000 and $1 million, with each berth sold on a 99- year lease. Stage one will offer free-hold residential waterfront sites of 440 sqm which are earmarked for two and three-storey design concepts, with the land-and-berth prices starting from $1.75 million.

Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes. Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete.

Construction is targeted to commence in 12 months.

<img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v1-4.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort has taken 20 years to gain all necessary approvals to proceed and was identified as a project of significance by the Queensland Government in 2006. The project benefits from its accessibility by air with three regional airports located within 30-minutes to 90-minutes drive.

The Whitsundays has a population of more than 35,500 people with tourism among the major contributors to the region&rsquo;s $5.9 billion economy.

The master planned foreshore development will feature a resort hotel alongside an extensive residential precinct featuring restaurants, retail outlets and marine services.



$350 million Shute Harbour Marina Resort set to boost property and tourism market in the Whitsundays

Even before its recent launch to the market, the new Fitzroy apartment development by the&nbsp;local Melbourne developer Outline Projects&nbsp;was a hit with the architecture community.

&quot;We had a number of early enquiries on the apartments from architects and designers given the following Freedman White has,&quot; Outline Projects Sales and Marketing Director Tom Aylward told Urban.

Aylward said when the site was acquired at 131 Smith Street, they said to themselves &quot;who is the best architect for the area and&nbsp;who interprets the Fitzroy lifestyle drivers the best?&quot;

[smartcode_project:default project_id=110365 project_image_fid=197936]

The design-driven developer&nbsp;has a solid reputation for producing striking projects in Fitzroy following their seven townhouses nearby at 44-46 Greeves Street, which were recently nominated for an award in the multiple housing category in the Australian Institute of Architects Architecture Awards for Victoria.

They knew Freedman White would fit their brief: to not create just another cookie-cutter development, and design something that is more a tune to the story of the area.

&quot;We were conscious of the enduring outcome of this site, sitting between two beautiful heritage buildings, so we felt a key outcome was to add to that streetscape and create something that would sit equally among it,&quot; Aylward added.

[smartcode_project:default project_id=110365 project_image_fid=197938]

The first street level facade is in keeping with the surroundings. There&#39;s a more contemporary build set back from the street, which will home the majority of the two and three-bedroom apartments.

There will be ground floor commercial on Smith Street, while residents will be afforded entry to the building both from Smith Street and one from Little Smith Street. Aylward expects the&nbsp;latter to be used the most frequently by owner-occupiers.

[smartcode_project:default project_id=110365 project_image_fid=197935]

&quot;They can enter and exit off the quieter Little Smith St and be a 150m walk to&nbsp;Gertrude Street,&quot; Aylward said.

There&#39;s extensive views on offer, and the sought-after western aspect, with views over Gore Street and Napier, which will never-to-be-built-out, given the heritage overlay, and therefore height control, of the area.

The focus for Outline was on the owner-occupier.

[smartcode_project:default project_id=110365 project_image_fid=197946]

The one-bedroom apartments start from a generous 64 sqm of internal living space, and have their own study area. Aylward expects to net a lot of first home buyers and investors interested in the one-bedroom stock, with owner-occupiers, rightsizers, and downsizers looking at the two and three-bedroom apartments.

There&#39;s already been enquiry come from Collingwood and Fitzroy.

[smartcode_project:default project_id=110365 project_image_fid=197944]

&quot;It&#39;s hard to get anyone out of Fitzroy once they&#39;ve lived in the area,&quot; Aylward says, due to its doorstep convenience, buzz of Smith Street bars, cafes and restaurants, and its extensive tram network to the city.

[smartcode_project_cta: project_id=110365]

The design-driven developer have a solid reputation for producing striking projects in Fitzroy following their seven townhouses nearby at 44-46 Greeves Street

Outline Projects launch 131 Smith Street, Fitzroy apartments

A new 600-plus apartment development is heading for the heart&nbsp;of Sydney&#39;s Box Hill.

The prominent Western Sydney property developer, Bathla Group, is set to create 637 apartments across eight low to mid-rise buildings at 34 Terry Road, which have been designed by WMK Architecture to suit the needs of the future community and to cater for a wide cross section of buyers..

There will be a mix of one, two and three-bedroom apartments, as well as two, three and four-bedroom townhouses. There will also be a selection of four-bedroom sky terraces on offer.

Each apartment is inclusive of views and private open space, with the sky terraces featuring&nbsp;expansive roof terraces, privately accessed, giving views across the Hills Shire region.

WMK said in their design statement that the&nbsp;proposal will provide well-designed housing stock in an area where there is a strong demand for this type of development.

<a href="/new-apartments/34-terry-road-box-hill"><img alt="" height="858" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_8.46.36_pm.png" width="2142" /></a> 
View of the proposed development&rsquo;s central spine from Skarratt St. Image by WMK. &nbsp;

&quot;It&rsquo;s designed to encourage social interaction and engagement through the creation of large common courtyards at the ground level, as well as a community room.&quot;

The project is not only divided into a total of eight buildings, in a bid to reduce the overall massing, but it is further split into precincts with Block A and C dubbed&nbsp;the Green Precinct. They will feature&nbsp;facades along the northern edge defined by a gridded column and beam aesthetic, taking inspiration from the traditional veranda typology.

Blocks B and D will be known as the Heritage Precinct, with facades featuring a horizontal emphasis and&nbsp;a terracotta red, brown and grey palette in response to the existing buildings on the site and the heritage zone to the south. Blocks E and F are within the Urban Precinct, delivering a formal fa&ccedil;ade articulation with a more vertical expression, incorporating strong vertical dividing walls and shading elements throughout.

A pool has been proposed in the courtyard of Block C along with a community room on the ground floor of Block D, which will be accessible to all residents.

<img alt="" height="445" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-04_at_2.54.56_pm.png" width="1144" />

The Box Hill development lands in an area with a variety of mixed uses that is undergoing significant change, which when completed will include a new retail centre opposite Terry Road, recently completed apartment developments, and sites making their way through the planning process.

&ldquo;The proposal together with the adjacent Town Centre contribute toward ensuring the future Box Hill area is fulfilling its economic, social and creative potential,&rdquo; WMK added.

The use of simple but articulated detailing of corners, window reveals, vertical grids and feature boxes, with varying scales of detail, are employed to avoid large, flat planes and break the building mass and building height.

&ldquo;The proposed design responds to the change from low-scale conservation area to high-density apartment developments and is to be read as a &lsquo;family&rsquo; of buildings rather than a monolithic development&rdquo;, said WMK.

Landscaping has been designed throughout the precinct by landscape architects, A Total Concept, creating a contemporary, functional and aesthetically pleasing landscape that seamlessly blends with the built form and surround area.

Bathla Group have previously developed in the area, with the Pinnacle Collection, which was released in three stages in the heart of Schofields. Just down the road from the future Box Hill development, Pinnacle delivers a range of one, two and three-bedroom apartments, conveniently located within walking distance to shops, eateries, schools and public transport.

The group currently have a number of other residential developments in the pipeline with a range of town houses and villas, apartments, and house and land projects currently under construction or in planning. &nbsp;

[smartcode_project_cta: project_id=6509]

The apartments will include a mix of one, two and three-bedroom sing-storey apartments, two, three and four-bedroom two-storey townhouses, along with two, three and four-bedroom two-storey sky terraces.



First look: Bathla Group to build over 600 apartments in Box Hill precinct

The national property developer, Podia, is expanding its apartment portfolio in Sydney's Lower North Shore area.

They've just lodged plans for their recently acquired block at 96 Ben Boyd Road, Neutral Bay, seeking to create a six-level, 23-apartment development. It will be the group's second in the area, having previously developed Premier&nbsp;Place nearby.

MHN Design Union have put together the plans which will see the&nbsp;two existing residential buildings revitalized with one modern, architecturally designed flat building, which MHNDUnion said in their architectural statement&nbsp;will complement its surrounding context and maximises amenity to all units.

The building is split between two massing blocks, reducing its perceived bulk and scale from the street. Targeting the owner-occupier, the project will have 19 three-bedroom apartments and just four four-bedroom apartments.

<a href="/new-apartments/wirra-neutral-bay"><img alt="" data-entity-type="" data-entity-uuid="" height="1136" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_4.15.03_pm.png" width="1938" /></a> 
A render of the proposed development at 96 Ben Boyd Road, Neutral Bay. Image credit: MHN Design Union.&nbsp;

“The proposal has been designed with careful consideration to the local character of Neutral Bay through its interpretation of materiality and form. The proposal achieves harmony with its neighbouring context in response to the provisions outlined in the North Sydney DCP,” MHN Design Union noted in their submission.

At the ground floor and level one a highly articulated sandstone base provides sheltered alcoves for residents, serving as outdoor spaces with view aspect whilst maintaining visual privacy from Ben Boyd Road.

The upper level apartments are made up of rendered concrete and off-white brickwork with projecting eaves creating a horizontal language whilst scalloped vertical walls achieve visual privacy.

Entering at the Southern boundary along Ben Boyd Road, residents descend into a naturalistic “sandstone gully”, expressed as a raw escarpment with extensive planting.

The ground floor sits below the natural ground level, providing a sense of enclosure and privacy from the street, while the split building form allows indirect light to penetrate throughout the courtyard.

The main courtyard transitions into expansive private courtyards for each residence. Large blocks of raw stone and native plants are dispersed throughout the quarried courtyard, creating an intimate connection to nature and celebrating the site’s geological heritage.

Neutral Bay is a prime inner-city residential area located on the waterfront of the lower North Shore. The suburb has a rich history and has been home to several industrial transformations, as well as being recognised as a site of Indigenous significance.

<a href="/new-apartments/wirra-neutral-bay"><img alt="" data-entity-type="" data-entity-uuid="" height="1238" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_4.15.35_pm.png" width="852" /></a> 
A render of inside the proposed development at 96 Ben Boyd Road, Neutral Bay. Image credit: MHN Design Union.

Forsyth Park is situated immediately to the West of the Site, which is within close proximity to Neutral Bay shopping precinct, Neutral Bay Wharf and North Sydney Business District.

With a highpoint of 95-metres above sea level, many sites have views across Sydney Harbour, including landmarks such as the Harbour Bridge and the Royal Botanical Gardens. An offering of small shops, community and school facilities are nearby for residents, while sitting just six kilometres from the Sydney CBD.

Podia is also behind a 25-apartment project, coined Premier Place, which is nearing completion just around the corner at 14-20 Premier Street.

The group have a number of projects in the pipeline across the Sydney metro, as well as a 41-apartment project in Byron Bay, with Podia acquiring the hotspot early last year for $18.55 million.

The proposal seeks to revitalise two existing residential buildings with one modern, architecturally designed flat building, which MHN Design Union said in their architectural statement, will complement its surrounding context and maximises amenity to all units.



Podia lodge plans for six-storey Neutral Bay apartment project

The hotel-style amenity at Yarra One has proven to be one of the biggest drivers in purchasers in the completed South Yarra apartment tower.

Designed by renowned architecture firm&nbsp;Fender Katsalidis, the $250 million development boasts a host of hotel-style amenities including a residents dining room, wine cellar, rooftop terrace with barbecue facilities, a gym, yoga room, outdoor spa, sauna and steam room, pet wash and Tesla car share services.

Acting as the grand entrance to Yarra One, the purpose-designed atrium&nbsp;is a public space for the local community that is truly environmentally sustainable. Built to re-establish human connection to the surroundings with its well-planned design and greenery, the atrium also helps reduce urban heat island and wind tunnel effects.

[smartcode_project:default project_id=3127 project_image_fid=181270]

Yarra One&nbsp;residents will also have access to a 24-hour concierge-style app, where they will be able to book of a number of the services. EcoWorld, in partnership with Scarisbrick International, a Singapore-based company that developed a new concept in luxury retirement living, launched the Lifestyle One app where residents will be offered services including welcoming guests, receiving packages, organising transport or arranging reservations for amenity spaces within the building.

&ldquo;By offering our residents 6-star services 24 hours a day, we aim to further amplify the&nbsp;Yarra One&nbsp;living experience as a beautiful, luxurious home that pampers, comforts, and inspires our residents,&quot; said Yarra One&nbsp;General Manager Jeffrey Ong.

[smartcode_project:default project_id=3127 project_image_fid=181272]

The concierge desk is as luxe as the rest of the building, set in the ground-floor&nbsp;lobby which features a marble block sculpted as a reception desk, framed by elegant brass and bronze detailing. The service, which is a monthly subscription fee, brings a different level of service to residents of all ages,&nbsp;<a aria-label="Yarra One - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/yarra-one-16-22-claremont-street-south-yarra" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/yarra-one-16-22-claremont-street-south-yarra$yarraone">Yarra One</a>&nbsp;says Ong..

The dining and library spaces were designed to act as a natural extension of the apartments at&nbsp;Yarra One, created with smoked timber floors and soaring double-height ceilings. Residents will have access to communal spaces including the mezzanine cocktail level, the plush lounge, which is situated around an fireplace, or the lush gardens of the rooftop.

With designated spaces with a focus on wellness and helping residents available at&nbsp;Yarra One, buyers can enjoy convenient fitness and relaxation offerings.

[smartcode_project:default project_id=3127 project_image_fid=181997]

The gym on level one looks out onto the residents&rsquo; garden, while the yoga and dance studio connects to the private spa terrace.

Adjacent to the lounge and dining room, the wine room is modelled after a finely detailed cigar box.&nbsp;Designed to reflect the prestige of the bottles contained within, the temperature-controlled room features smoked oak floors, timber joinery and bronze accents.

The fully-completed, ready to move in residences still have a selection of one, two and three-bedroom apartments still available, starting from $470,000.

[smartcode_project_cta: project_id=3127]

The $250 million development boasts a host of resort-style amenities including a residents dining room, wine cellar, rooftop terrace, a gym, yoga room, outdoor spa, sauna and steam room, pet wash and Tesla car share services.



The extensive hotel-style facilities at Yarra One, South Yarra

The Malaysia headquartered MRCB International, a property and infrastructure development group who have previously developed land lots in Melbourne, are the latest entrant to the Surfers Paradise apartment market.

They'll be creating a high density tower at 26 Vista Street, with some 280 apartments across a 51-level tower, one of the tallest built in the area in recent times. There will also be six townhouses on offer at the foot of the project,&nbsp;

Local architecture firm DBI has designed the 172-metre tower on the large, already cleared,&nbsp;3,100 sqm amalgamated site, which has street frontages to Vista Street and Thornton Street.

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">To keep up to date with the development and its launch, enquire here</a>

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise"><img alt="" data-entity-type="" data-entity-uuid="" height="890" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_11.26.47_am.png" width="1676" /></a>

There will be 54 one-bed apartments, that start from 55 sqm, 156 two-beds, which is over 50% of the building, 62 three-bedroom apartments, and just eight four-bedroom apartments, located toward the top of the tower.

The main resident recreation level is on level four, where there will be a cinema, resident's lounge with bar, private dining and kitchen, a meeting room, an a full wellness suite with gym, massage room, steam room, sauna, ice shower, and yoga space.

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">To keep up to date with the development and its launch, enquire here</a>

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise"><img alt="" data-entity-type="" data-entity-uuid="" height="916" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_11.27.33_am.png" width="1644" /></a>

Outside is a 20 metre lap pool with infinity edge, a spa, and surrounding day beds.

There will be further amenity on the level 51 roof top, with another resident's lounge and a&nbsp;private dining room with kitchen and bar, which is wrapped in&nbsp;outdoor terraces with extensive seating and further dining space.

DBI noted in their submission to the Gold Coast City Council that&nbsp;26 Vista Street is set to deliver a building that combines subtropical principles and bring a new level of coastal elegance to the Gold Coast skyline.

"The design philosophy revolves around the dichotomy of the site, located at the junction between the curvilinear punctuated nature of the river and the linearity of the coastal strip," DBI wrote.

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">To keep up to date with the development and its launch, enquire here</a>

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise"><img alt="" data-entity-type="" data-entity-uuid="" height="892" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_11.27.01_am.png" width="1660" /></a>

"The triple frontage and dual site access, off Thornton St and primarily Vista St, offers an added level of exposure and fluidity to the site.

"The introduction of elevated terrace houses along on Surfers Paradise Blvd, provides a strong interface to the light rail and a direct response to the city desire to create a strong ‘Urban Ground’."

DBI said the Gold Coast is&nbsp;&nbsp;is formed by a collection of coastal villages defined in extent by the topography of the coast (headlands, groynes, estuaries and coves).

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">To keep up to date with the development and its launch, enquire here</a>

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise"><img alt="" data-entity-type="" data-entity-uuid="" height="908" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_11.27.14_am.png" width="1650" /></a>

"The common thread of the many years of evolution is the desire to connect with the surf, the beach and the Ocean," DBI added.

"We also have the river to the West and the light rail connection on our doorstep. The site positioning is like a node, a junction between the river side and the Ocean."

"Within walking distance of everything Surfers has to offer, from the iconic beach to acclaimed restaurants, 26 Vista Street presents a rare opportunity for those in pursuit of lifestyle, a coastal destination and an address."

The town planning report by Urbis suggested the&nbsp;architecture design across the tower is modern and distinct, using a range of materials and orientation to the east to take advantage of the proximity to the ocean and access to sunlight and breezes.

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">To keep up to date with the development and its launch, enquire here</a>

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise"><img alt="" data-entity-type="" data-entity-uuid="" height="908" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_11.27.08_am.png" width="1650" /></a>

"The significant architectural treatment and articulation present throughout each level contributes greatly to the quality and appropriateness of the proposed development.

"The proposed development includes generous private and communal open space areas. Private open space is delivered in the form of balconies for each apartment. These spaces are designed to maximise access and privacy, as well as amenity and views."

MRCB advised the Malaysian stock exchange last year that they had secured the site for $17 million, with a gross development value of nearly $300 million.

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">To keep up to date with the development and its launch, enquire here</a>

<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise"><img alt="" data-entity-type="" data-entity-uuid="" height="910" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-03_at_11.27.24_am.png" width="1638" /></a>

"The development is targeted to commence in the first quarter of 2023 and to be completed in 2025, subject to receipt of all development consents," the presentation read.

<h2>About the developer</h2>

MRCB International is a wholly owned subsidiary of MRCB Malaysia, a company listed on the Malaysian stock exchange.

It is&nbsp;a&nbsp;leader in&nbsp;Transit Oriented Development,&nbsp;property and construction&nbsp;and&nbsp;has been a key player in the development of&nbsp;Malaysia’s&nbsp;buildings&nbsp;and infrastructure since its listing on&nbsp;the&nbsp;Malaysian Stock Exchange in 1971.

They've previously created 1060 Carnegie, an apartment development in Melbourne, and were awarded a&nbsp;Transit-Oriented Development (TOD) project in Auckland, scheduled to begin in 2024.

Local architecture firm DBI has designed the 172-metre tower on the large, already cleared, 3,100 sqm amalgamated site, which has street frontages to Vista Street and Thornton Street.

First look: Malaysian developer to build giant Surfers Paradise apartment tower

The Brisbane unit market is showing consistent growth,&nbsp;according to CoreLogic&#39;s Monthly Hedonic Home Value Index.

Values jumped 1.4%, following the 1.6% gains in March and 1.5%&nbsp;over February. Values are now 6% up over 2022 already, well on their way to matching the 14.4% growth over 2021.

The quarterly performance, up 4.6%, is the highest in the country for the unit market.

The median apartment value in Brisbane is now $488,393. At the start of 2021, it was just over $390,000.

[smartcode_project:default project_id=109830 project_image_fid=184164]

Following the RBA&#39;s first interest rate rise in nearly 12 years at the May meeting,&nbsp;the Real Estate Institute of Queensland (REIQ) said the&nbsp;resilient Queensland market the higher rate forecasts.

REIQ CEO Antonia Mercorella said given the level of inflation, this may not be the last interest rate rise we see, but it was important to recognise that many market conditions and external factors remain favourable in Queensland.

&ldquo;We know that consumer confidence is key, and this move by the RBA will certainly make people stop and think more carefully about how much they are prepared to borrow, because it&rsquo;s a timely reminder that interest rates can and do go up,&rdquo; she said.

[smartcode_project:default project_id=13276 project_image_fid=80720]

&ldquo;While on the face of it, it&rsquo;s not an insignificant rise, in the grand scheme of things interest rates have been at historic lows for some time and are still very low.

&ldquo;This is also where our relative affordability is an advantage, as our average home loan rate is much lower than in capital cities like Sydney and Melbourne, and so the impact will be felt less here.

&ldquo;We remain confident in the resilience of the Queensland market because the need and demand for housing is irrespective, and an interest rate rise simply causes people to rethink what they are prepared to spend and how big of a loan they are prepared to enter into.&quot;

Total advertised inventory of both houses and apartments&nbsp;is more than 20 per cent below levels from a year ago in Brisbane, and around 40 per cent lower than the previous five-year average.

[smartcode_project:default project_id=27815 project_image_fid=192735]

The median apartment value in Brisbane is now $488,393. At the start of 2021, it was just over $390,000

Brisbane apartment market insights: What happened over April

National integrated property developer and investor, Cbus Property has announced the appointment of Hutchinson Builders on the next phase of works on its residential tower on the Brisbane CBD riverfront, 443 Queen St.

They&#39;ll be taking over from the collapsed builder Probuild, who were in the final stages of the construction process before their demise.

The announcement marks Cbus Property&rsquo;s third collaboration with Australia&rsquo;s largest privately owned builder, following appointments on the 205 North Quay commercial office tower in Brisbane, which is currently under construction, and The Langston Epping, a recently completed three-tower residential development in Sydney&rsquo;s north west.

[smartcode_project:default project_id=6226 project_image_fid=37089]

Cbus Property&rsquo;s Chief Executive Officer, Adrian Pozzo, said the business was again &ldquo;proud to partner with Hutchies&rdquo;.

&ldquo;We are confident the appointment of Hutchinson Builders, one of Australia&rsquo;s most renowned and reliable builders, will deliver this iconic residential tower for Brisbane&rsquo;s city skyline to the highest possible standard,&rdquo; he said.

&ldquo;As communicated to our purchasers, since commencing preliminary works on site three weeks ago, Cbus Property, together with Hutchinson Builders, continues to finalise subcontractor negotiations and prepare a revised construction programme. Once finalised, we will provide an update to purchasers with a more definitive completion timeline.&rdquo;

[smartcode_project:default project_id=6226 project_image_fid=37148]

Hutchinson Builders&rsquo; Director, Russell Fryer, confirmed that the contractor was already on site at 443 Queen St, with initial works underway.

&ldquo;We have a long and proud history delivering similar premium high-rise residential projects across Australia,&rdquo; he said.

&ldquo;We have a handpicked team that has recently completed a five-star hotel, The Langham Gold Coast, demonstrating our ability to achieve the high-quality outcomes expected for 443 Queen St, and we are working closely with Cbus Property, the consultants, subcontractors and suppliers to successfully complete this landmark building for Brisbane.&rdquo;

[smartcode_project:default project_id=6226 project_image_fid=37091]

Pozzo said that despite the delays to construction, Cbus Property remained focused on ensuring the successful completion of 443 Queen St and delivering one of the highest-quality residential buildings to be developed in the area.

&ldquo;We continue to reassure purchasers that this unique residential development is nearing completion, and that we will deliver a landmark building with the utmost attention to detail and finish,&rdquo; he said.

[smartcode_project_cta: project_id=6226]

Hutchinson Builders’ takeover of works from Probuild recommences the project’s final stages. 

Hutchinson's take over Probuild construction of Cbus Property's Brisbane apartment tower, 443 Queen St

Melbourne&#39;s unit market has continued to hold firm despite a cooling off in the house market.

CoreLogic&rsquo;s national Home Value Index pegged the Melbourne-wide apartment growth at 0.4% over April, the third consecutive month growth in the unit market has outstripped growth in the house market.

The Melbourne unit market (which incorporates both units and townhouses), is now 0.2% since the start of 2022, after posting 0.2% growth across March and 0.1% in Feb. Values started the year poorly, going backwards -0.4% in January.

The median apartment value in Melbourne is now $630,671.

[smartcode_project:default project_id=1260 project_image_fid=177634]

The growth in unit values is a stark contrast to the house market, which is sliding due to the affordability factors brought to more of a head following the RBA&#39;s interest rate hike in May, and expectation of further rate hikes.

Houses Melbourne-wide, on average, have remained flat since the start of 2022, but that was mainly due to a strong start in January. The rolling quarterly growth is now -0.5% after a 0.2% decline across April, CoreLogic data found.&nbsp;

CoreLogic&rsquo;s Research Director Tim Lawless&nbsp;says the weakening state of the market has taken the rolling quarterly trend into negative territory across Melbourne for the first time since these cities were in the midst of extended lockdowns in mid-to-late 2020.

[smartcode_project:default project_id=2806 project_image_fid=175415]

Advertised inventory, at a national level, is tracking almost 30 per cent below the previous five-year average however, in weaker markets like Melbourne, advertised supply levels have normalised, with listings in Melbourne 8.2%&nbsp;higher.

Higher stock levels across these markets can be explained by an above average flow of new listings coming on the market in combination with a drop in buyer demand

&ldquo;With higher inventory levels and less competition, buyers are gradually moving back into the driver&rsquo;s seat. That means more time to deliberate on their purchase decisions and negotiate on price,&rdquo; Lawless says.

Rental markets are also showing multi-speed conditions, with most of the capital cities experiencing an upward trend in rental growth in 2022. Nationally, rents were up 2.7% over the three months to April, taking the annual change in national rents to 9.0%. A year ago, the annual change in national rents was 4.9 per cent. Based on the annual change, house rents (+9.1 per cent) are rising faster than unit rents (+8.7 per cent), however this trend is changing sharply as demand for unit rentals increases.

[smartcode_project:default project_id=253 project_image_fid=52822]

&ldquo;On a rolling quarterly basis, we are now seeing unit rents rising faster than house rents especially in Melbourne where rental conditions across the unit sector were previously much softer,&rdquo; Lawless says.

&ldquo;The shift in rental demand towards units reflects both rental affordability pressures, which are deflecting more demand towards the &lsquo;cheaper&rsquo; unit sector, and the return of overseas migrants and visitors. Rental demand from overseas arrivals tends to skew towards inner city and higher density precincts.&rdquo;

In Melbourne, unit rents are 3.6 per cent higher over the past three months compared with a 1.2 per cent rise in house rents. Higher yields and long-term prospects for capital growth could see investors comprising a larger portion of housing market activity.

[smartcode_project:default project_id=3281 project_image_fid=46048]

With the cash rate set to move through a rapid tightening cycle, CoreLogic expect this trend towards a gradual softening in the growth rate will become more pronounced over the coming months, before the national index starts to trend lower.

&ldquo;Although we are expecting the housing market to move into a downturn through the second half of the year, it is important to remember the context of the recent growth phase,&rdquo; he says.

Melbourne's unit market has continued to hold firm despite a cooling off in the house market


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