A new 25-storey apartment tower proposed for Mercer Street would push Geelong’s western gateway skyline higher, with Morphy Birrell Property Group lodging plans for a project directly beside one of the city’s most significant heritage streetscapes.

The <a href="https://www.apartments.com.au/architects/fk-australia">FK</a>-designed development at <a href="https://www.apartments.com.au/new-apartments/65-67-mercer-street-geelong-vic-3220">65-67 Mercer Street</a> has now been referred to Victoria’s Planning Minister. The site sits opposite the Geelong rail corridor and immediately south of the heritage-listed St Peter and Paul’s Catholic Church and Ashby Hall precinct.

Rather than compete with the neighbouring ecclesiastical buildings, the proposal adopts a sculpted podium intended to reference the materiality and scale of the heritage context. Planning documents note the design draws cues from the “dark stone brick” church and surrounding masonry buildings, while the tower above transitions into a softer, curved form oriented toward Corio Bay and the Geelong waterfront.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="b797d10c-d4a6-47af-b8df-1aeaa3b382be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/public%20square.png?VersionId=QGIpcz1x1hKB6lQLl2iobyHqb6PS2Ztc" />

The development forms “Stage 5” of Morphy Birrell Property Group’s broader Mercer Street precinct strategy, following the completion of the 21-storey Miramar tower on Cavendish Street and several additional approved redevelopment stages nearby. Planning consultants Ratio said the proposal “represents an exemplary development outcome” aligned with the strategic ambitions for Central Geelong’s continued urban renewal.

The mixed-use project would replace an existing low-rise commercial building and surface parking area on the 3,320 sqm corner site. FK’s urban context report describes the proposal as a residential development comprising apartments, resident amenities, commercial space, and integrated landscaping positioned to maximise bay views and northern sunlight access.

Renders show a deeply articulated tower with curved balconies stepping above a lower masonry podium that frames a landscaped forecourt facing Mercer Street. The design intentionally preserves sightlines toward the adjacent church buildings, with the podium scaled to reinforce the heritage edge before the tower recedes upward.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="2bdca91e-66f7-4ac7-8baa-2f93bd5b564e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/geelong%20site.png?VersionId=QOhbino4ZgzKYw5dW3QE14E.2yq.Sv87" />

The planning report highlights the site’s strategic location within 400 metres of key Geelong destinations including Cunningham Pier, the Geelong Station precinct, Deakin University, and the convention centre. Bus services run directly along Mercer Street, while the Corio Bay foreshore sits around 100 metres north of the site.

The proposal arrives amid accelerating redevelopment across central Geelong, where planning policy continues to encourage higher-density housing close to transport infrastructure and the waterfront. Mercer Street in particular has emerged as a focal point for taller apartment development due to its proximity to Geelong Station, the bay, and major civic infrastructure.

Joel Robinson

Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct

Development giant&nbsp;<a href="https://www.apartments.com.au/developers/hamton">Hamton</a> and joint venture partner Hostplus have revealed the next residential stage of their $3 billion Moonee Valley Park masterplan, lodging plans for 512 more apartments within the precinct on surplus racecourse land at 110 Wilson Street, Moonee Ponds.

The proposed development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/trackside-house-110-wilson-street-moonee-ponds-vic-3039">Trackside Gardens</a>&nbsp;in the planning application, follows the <a href="https://www.apartments.com.au/news/vic/first-look-exclusive-hamton-and-hostplus-reveal-sixth-stage-of-moonee-valley-park-masterplan">recent unveiling of the sixth-stage Cox Place Precinct</a> and continues the long-running transformation of the Moonee Valley Racecourse into one of Melbourne’s largest urban renewal projects.

Positioned on the north-eastern edge of the racecourse adjacent to CityLink, Trackside Gardens will comprise three residential buildings rising between 61.8 metres and 86.4 metres within a heavily landscaped precinct shaped by Hamton’s Nature Based Cities framework.

The project forms part of the broader Moonee Valley Park redevelopment being delivered by Hamton, Hostplus and the Moonee Valley Racing Club, which is reshaping the 40-hectare racecourse site into a mixed-use neighbourhood with housing, retail, commercial space, hotels, parkland and community infrastructure.

Trackside Gardens sits separately to the recently proposed Cox Place Precinct, a five-building stage comprising around 1,100 residences, two build-to-rent buildings, two build-to-sell towers, retail, office space, and a hotel overlooking the racetrack. Together, the projects continue to accelerate housing delivery across the precinct.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="5fc1941e-52d3-41c6-abc4-0f13fe8ae5ea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/DA%20Edits%20%281%29.png?VersionId=7qwRHq5dcvXWNot2hNOgoQhN2GIWudNK" />

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a> with landscape architecture by Tract, Trackside Gardens has been conceived as a botanical-style residential precinct prioritising canopy planting, communal green space, and vertical landscaping.

“The architectural vision for the proposed development centres around buildings in a botanical park setting that champions the important role of nature,” the planning submission states.

“The proposal incorporates principles of biophilic design, with landscape and environmentally sustainable development influencing the ultimate design response of the buildings and prioritising the ground plane to ensure a high amenity for both occupants and visitors.”&nbsp;

Trackside Gardens will deliver 512 apartments across the three buildings, alongside 518 basement car spaces and 523 bicycle spaces. Around 20 per cent affordable housing is proposed across the broader North East Precinct, equating to around 158 dwellings.&nbsp;

The affordable housing component will be concentrated within the Wilson East building, while the remaining apartments are expected to be delivered as build-to-sell residences.

Trackside Gardens has been designed around Hamton’s Nature Based Cities initiative, founded by Executive Chair Paul Hameister OAM in partnership with the University of Melbourne, Urbis, Ark Resources and Tract. The initiative promotes integrating higher-density urban development with significant biodiversity, tree canopy and landscape outcomes.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="89353449-7b3c-42fd-8fd8-8bf64a5ef80f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_4.png?VersionId=X8jRt0P2L7fIWjLhfX6gPknXToXIBeLj" />

A comprehensive landscape strategy would introduce deep soil planting, vertical greening, communal gardens, and new pedestrian links throughout the site.

Planning documents state the development is targeting a 5 Star Green Star Buildings rating, a 7.5-star average NatHERS rating, and “Exemplary” Nature Based Cities certification.&nbsp;

The proposal joins an expanding pipeline of approved and proposed buildings within Moonee Valley Park, including the recently launched Eveline apartments and the approved Grandstand North and South towers.

Hamton has increasingly focused on precinct-scale, nature-led communities across Melbourne’s middle-ring suburbs, with projects spanning Hawthorn, Kew, and Moonee Ponds.

Hampton unveils Trackside Gardens, latest stage of $3 billion Moonee Valley Park masterplan

The Paul Gedoun-led <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Group</a> has achieved another milestone in its $1 billion transformation of Rainbow Bay on the southern Gold Coast with the completion of the company’s third project in four years, the $160 million <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a> residences.

Delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a> and designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker Architects</a>, Esprit buyers have now moved into the 94 apartments across two interconnected buildings at 217-227 Boundary Street.

The successful settlement of Esprit marks another astounding chapter in the S&amp;S story, which launched its highly successful Flow apartments three years ago and created its own ultra-luxury branded fingerprint on an area craving new luxury residences.

Most early purchasers have secured gains of well over $1 million since the project launched in 2021.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172129]

S&amp;S Projects Founding Director Paul Gedoun said the completion of Esprit reflects sustained demand for premium apartments in tightly held coastal locations.&nbsp; 
&nbsp;&nbsp; &nbsp; 
“Esprit has attracted buyers seeking a combination of quality design, considered amenity and a location that is becoming increasingly difficult to replicate,” said Gedoun.

“We identified some years ago that Rainbow Bay is a unique market where supply of luxury residences is limited, and we see the settlements in Esprit further underpinning this thinking - that for both owner-occupiers and investors.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172174]

A key feature of the development is ‘Club Esprit’, a 1,000sqm residents-only rooftop level combining wellness and recreation, believed to be a first for the Gold Coast, and which is fast becoming a signature of the S&amp;S brand.

Positioned to capture views across Snapper Rocks, Rainbow Bay and the Tweed River, the rooftop includes a 25-metre lap pool, gym, yoga lawn, sauna and steam facilities, ice bath, private dining spaces, outdoor cinema and landscaped areas for residents.&nbsp;

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> Director Jayde Pezet, who led the sales campaign for Esprit and S&amp;S’s Flow and Awaken apartments, said the project’s performance reflects both the strength of the product and the depth of demand for premium apartments on the southern Gold Coast.&nbsp;

“In some cases, we’ve seen values double since launch, which is a clear reflection of how tightly held Rainbow Bay has become and the level of demand for well-executed projects in this market,” said Pezet.&nbsp;

“Buyers recognised early what S&amp;S Projects was delivering here, and that conviction has been rewarded as the project has progressed towards completion.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=214819]

Esprit offers a mix of two- three and four-bedroom apartments and sits within walking distance of the beachfront, cafés and local amenities, reinforcing its appeal as both a lifestyle and investment destination.

The project is the third completed by S&amp;S Projects in Rainbow Bay, following Flow Residences and Awaken Residences, which together have contributed to the suburb’s emergence as one of the Gold Coast’s most sought-after coastal pockets. &nbsp;

S&amp;S Projects is continuing its investment in the area with Radia, a $215 million development currently under construction.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172175]

Gedoun said the completion of Esprit signals continued confidence in the southern Gold Coast market.&nbsp;

“We’ve seen strong interest in well-located, high-quality apartments, particularly in areas where future development opportunities are limited."

“That’s been a key factor in the performance of Esprit and the broader Rainbow Bay market”.

[smartcode_project_cta:default project_id=102921]

Owners move in as Esprit completes at Rainbow Bay

Few developers can boast a portfolio across South East Queensland's luxury markets quite like <a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a>.

The builder-developer, founded in 2004 by Managing Director Brook Monahan, has projects in planning, on the market, and under construction, from Burleigh Heads and Broadbeach to Kangaroo Point and South Brisbane.

With a pipeline exceeding $2 billion, Mosaic remains highly selective when it comes to development sites, having spent years refining its strategy around feasibility research and product planning. The group is set to continue growing into 2026 and beyond.

In Brisbane, Mosaic currently has three projects in the market. It is in the final release stage at <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford</a> in Kangaroo Point, which is approaching complete sellout ahead of its late 2027 completion.

[smartcode_project:default project_id=134792 project_image_fid=328123]

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, The Bedford comprises 128 two- and three-bedroom residences. A selection of ultra-luxury Masterpiece Series Skyhomes, positioned across the top levels, offer expansive floor plans and sweeping views of the river and city.

High-end inclusions, such as natural stone benchtops, bespoke cabinetry, and Miele appliances, feature throughout all apartments, alongside the Rooftop Recreation &amp; Retreat Sky Terrace. This includes a resort-style pool with sun deck and loungers, spa, cold plunge pool, sauna, steam room, private dining room with a full kitchen, residents' lounge, multiple barbeque and relaxation zones, an outdoor viewing deck, and landscaped gardens with water features, all oriented to sweeping city and river views.

A gym with indoor and outdoor zones, and a golf simulator, further enhances recreational choice within the building.

[smartcode_project:default project_id=134792 project_image_fid=328119]

A defining feature of the development is its integrated mixed-use component, which will deliver Kangaroo Point's first major supermarket, alongside a café and liquor store, bringing long-awaited convenience to the peninsula.

Monahan says The Bedford represents the culmination of a near-decade-long journey, after first identifying the A-grade Prospect Street site in 2016. While they came close to acquiring it at the time, the site was ultimately purchased by Woolworths' development arm, Fabcot. The opportunity resurfaced in 2024 when the site, vacant for nearly three decades, was brought back to market.

Monahan says Mosaic projects often begin years before any formal plans are drawn. Their new South Brisbane development is no exception, with the site first earmarked in 2018.

"We aren't opportunistic," Monahan says. "Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

[smartcode_project:default project_id=141711 project_image_fid=353495]

A similar story unfolded at <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a> in Kangaroo Point, opposite The Gabba. Like The Bedford, it is also approaching sellout of its 125 two- and three-bedroom apartments. The majority of sales are attributed to returning customers and referrals, with a balanced mix of investors and a strong majority of owner-occupiers.

BDA Architecture was again engaged to design the 22-storey building, which will feature a suite of wellness and lifestyle amenities, including a golf simulator and cinema, a commercial-grade gym, and a rooftop recreation level with a pool, steam room, sauna, cold plunge, teppanyaki bar, private dining spaces, and landscaped terraces.

Construction is on track for completion in mid-2027.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Mosaic's latest offering is its most ambitious yet, boasting a rare, north-facing riverfront position on Montague Road in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale by Mosaic</a> is a 39-storey tower comprising just over 200 residences and Masterpiece Series Sky Homes. Designed in partnership with Bureau Proberts, it will feature nearly 3,000 sqm of genuine, internationally benchmarked six-star, hotel-style amenities, including a wellness precinct, pool, gym, massage and treatment rooms, cinema, golf simulator, and extensive outdoor dining areas across a two-level rooftop deck.

Early works are underway, with full construction expected to commence in the second half of 2026, and an anticipated late 2029 completion.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Since 2012 alone, Mosaic has completed more than $2 billion in projects and is set to deliver another $2 billion worth of developments, comprising hundreds of luxury apartments, each defined by Mosaic's signature standards of quality, detail, and delivery.

"We never arrive, there is no finish line," says Monahan. "Our ambition is to keep evolving what luxury means, creating design- and lifestyle-led residences in incredible locations, places people genuinely aspire to and want to live, homes that are loved deeply and endure long beyond their moment."

Mosaic's Midas Touch

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> (Urban) has broken ground at Keira Place, its new major mixed-use residential precinct in the heart of Wollongong CBD.

Held at 120-122 Smith Street, the groundbreaking marked the commencement of construction on Stage 1 of <a href="https://www.apartments.com.au/new-apartments/keira-place-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, with the opening of the new display suite. 
&nbsp; 
Keira Place is a State Significant Development that will deliver new housing supply, affordable homes and inclusive living options within walking distance of Wollongong’s CBD, coastline, transport, hospital and education precincts.

[smartcode_project:default project_id=144442 project_image_fid=369868] 
&nbsp; 
Stage 1 is now under construction and will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, along with activated ground-floor retail and commercial space. 
&nbsp; 
Urban Co-CEO Patrick Elias said the groundbreaking represented a significant milestone for Wollongong and reflected Urban’s long-term commitment to regional cities.

“Today’s groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong’s city centre,” Elias said. 
&nbsp; 
“Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection.”

[smartcode_project:default project_id=144442 project_image_fid=369869] 
&nbsp; 
Hon. Paul Scully MP, Minister for Planning and Public Spaces, Member for Wollongong said Keira Place is exactly the kind of development Wollongong needs – delivering new homes close to transport, employment and services, while supporting the continued growth and renewal of the CBD.

"This project reflects the Minns Labor Government's commitment to increasing housing supply in well-located areas." 
&nbsp; 
Wollongong Lord Mayor Cr Tania Brown said Keira Place would deliver lasting community benefits for the city. 
&nbsp; 
"Keira Place is a welcome addition to Wollongong's CBD delivering new housing, affordable homes and activated street-level spaces that will benefit our community for years to come," Brown said. 
&nbsp; 
"Urban Property Group's investment reflects the confidence that quality developers have in Wollongong's future, and I look forward to seeing this precinct come to life."

[smartcode_project:default project_id=144442 project_image_fid=369867] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a>, with interiors by <a href="https://www.apartments.com.au/interior-designers/dko">DKO,</a> Keira Place prioritises liveability and long-term performance, with landscaped shared spaces, generous apartment layouts and a pedestrian-friendly streetscape along Smith Street. 
&nbsp; 
Residents will have access to landscaped podium areas, communal rooftop amenities with views to Mount Keira and the Wollongong skyline, and convenient ground-level retail.

The development will have 10-year Latent Defects Insurance by Resilience Insurance.

[smartcode_project_cta:default project_id=144442]

Groundbreaking marks start of construction at Keira Place in Wollongong CBD

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?

Ivanhoe East is a highly sought-after pocket of Melbourne, thanks to the picturesque streets of the north-eastern suburb.

The historic streetscape blends European heritage and modern style, combining community, culture and convenience.

East Ivanhoe Village is awash with charm, a pocket of energy in the heart of the neighbourhood thanks to its shopfronts, caf&eacute;s and independent boutiques.

Melburnians seeking to enter this prestigious market need not look further than JWLand&#39;s development&nbsp;The Grounds, situated on The Boulevard.

The Grounds is an exclusive collection of three apartment buildings, Wilfred, Wamba and the Boulevard, and a limited number of townhomes at Oak Terraces.

Featuring 116 residences in two, three and four-bedroom configurations, the development is primely positioned to take advantage of the range of offerings in Ivanhoe East.

Urban takes a look at six things we love about this suburb.

1. Neighbourhood amenities

[smartcode_project:default project_id=5806 project_image_fid=168937]

From the bustling main streets to tranquil green spaces, The Grounds residents can offer all that Ivanhoe East has to offer.

&ldquo;At your doorstep, healthy outdoor spaces invite exploring, exercise and relaxing close to nature&rdquo;, JWLand&#39;s Project Marketing Manager Nick Babic says.

Nearby, Ivanhoe Park provides the ideal setting for children&rsquo;s play and weekend sports, while Ivanhoe Golf Club and Chelsworth Park are also around the corner.

Other recreational amenities that residents can enjoy include Ivanhoe Aquatic Centre, Olympic Leisure Banyule or Macleod Recreation and Fitness Centre

2. Cultural hub

[smartcode_project:default project_id=5806 project_image_fid=171476]

Forming Melbourne&rsquo;s greenest precinct, rolling lawns, parkland and native reserves bring a community together.

The area&rsquo;s treasured heritage has fuelled its modern-day appreciation of arts and culture,&nbsp;previously known as a hub for renowned Australian landscape artists.

The suburb is&nbsp;now home to the iconic Heide Museum of Modern Art, the Courthouse Museum and many independent galleries that dot the precinct.

3. Green spaces at The Grounds

[smartcode_project:default project_id=5806 project_image_fid=168936]

Within and around The Grounds, a profusion of native and exotic plantings are designed to surround the architecture with calming greenery.

Clusters of native grasses and shrubbery around the base of the buildings give the structures an appearance of floating within the natural parkland setting.

An expansive lawn encourages guests to gather and connect outdoors, while the central courtyard features inbuilt seating and space to bask in the sunshine.

4. Self-contained neighbourhood

[smartcode_project:default project_id=5806 project_image_fid=168933]

&ldquo;Ivanhoe East offers an idyllic lifestyle balance in a self-contained neighbourhood, where you&rsquo;ll walk to everything you need&rdquo;, Babic added.

The neighbourhood features a range of local caf&eacute;s to nurture the community and a diversity of eateries and fresh food providers a few minutes&rsquo; walk&nbsp;away.

Major retail hubs at Ivanhoe Shopping Centre and Heidelberg Central offer a range of retail and dining offerings.

5. Family-friendly development

[smartcode_project:default project_id=5806 project_image_fid=168932]

The affluent suburb places community at its centre, with close to half its residents established and older couples and families.

The development is largely targeted towards maturing couples and semi-retirees, mostly local who are keen to stay in the area.

&ldquo;I think people buy in because it will be a community, it won&rsquo;t be a transient place with 50 for-lease signs up all the time,&rdquo; sales agent Natasha Johnson said.

&ldquo;That&rsquo;s the main attraction &ndash; there&rsquo;ll be no investors here&rdquo;, Johnson added.

The median house price recorded in Ivanhoe East by the REIV for the September 2021 quarter was $2.18 million for homes.

This is significantly higher than the starting price for three-bedroom townhomes at The Grounds, which begin from $1.89 million.

6. Proximity to the CBD

[smartcode_project:default project_id=5806 project_image_fid=168928]

Just 9 kilometres north-east of the CBD, Ivanhoe East delivers a sophisticated, relaxed lifestyle surrounded by established parkland.

Using a network of public transport or the Eastern Freeway, making it into the city is stress-free.

The Boulevard is central to a cluster of Victoria&rsquo;s most prestigious state and independent schools including Marcellin College, Ivanhoe East Primary School, Ivanhoe Grammar and Ivanhoe Girls Grammar.

[smartcode_project_cta: project_id=5806]

East Ivanhoe Village is awash with charm, a pocket of energy in the heart of the neighbourhood thanks to its shopfronts, cafés and independent boutiques

max.kwok_55688

Culture and convenience at Ivanhoe East: Six things we love about the north-east Melbourne suburb

Japan&rsquo;s largest property developer Mitsui Fudosan has made its first foray into Australia by investing in Midtown MacPark, Frasers Property&rsquo;s urban renewal project on Sydney&rsquo;s North Shore.

The investment is in the $232 million MAC Residences apartment project, the first phase of the Midtown MacPark master-planned community in the Macquarie Park precinct.

It will have a mix of studio, one-, two- and three-bedroom apartments and penthouses.

Around 91 percent of the 24 storey MAC Residences has been sold from $459,500 to $1,800,000, with sales since late 2020.

[smartcode_project:default project_id=29969 project_image_fid=159035]

It is scheduled for completion in late 2023.

The Bates Smart-designed building is located on Herring Road and Epping Road.

MAC Residences is the first building in the $2.1 billion Midtown MacPark community to be developed in stages over the next 10 to 12 years.

Frasers Property is working with the NSW Government to deliver the $2.1 billion Midtown MacPark masterplanned mixed tenure community, which will integrate 3,300 apartments with a range of community facilities including a proposed school and childcare, a new central park, pocket parks and playgrounds, a community centre, pool and gym.

It will comprise 269 units located 550 metres from from the Macquarie University campus and metro station.

[smartcode_project:default project_id=29969 project_image_fid=159036]

Midtown MacPark will adjoin with Macquarie Exchange, a business park joint venture between Frasers and Winten Property Group.&nbsp;

Mitsui and Frasers partner on an integrated logistics park in Bangkok.

&ldquo;We&rsquo;re pleased to again partner with Mitsui Fudosan on the MAC Residences development at Midtown MacPark, where we&rsquo;re applying our place-making and community development expertise to create Sydney&rsquo;s next great urban neighbourhood,&rdquo; said Mark Gleeson, executive general manager of investment and capital transactions at Frasers Property Australia.

The Sydney venture is Mitsui&rsquo;s first investment after setting up its Australian office in 2019.

It is Mitsui’s first investment after setting up its Australian arm in 2019

jchancellor-FAypfDUnLy

Japanese developer invests in Fraser's Midtown MacPark apartment project

The latest REIV data calculated there was far less price escalation in the private treaty market than the red hot auction market.

Apartments sold at auctions during 2021 were up 9.6% to a $772,500 median price across Victoria.

But private treaty sale prices went up just 1% to $606,000, according to data from Real Estate Institute of Victoria’s December quarter report.

The median apartment price in regional Victoria saw 19.6 per cent annual price growth in 2021.

It took the median apartment price to $395,950.

The median house price in regional Victoria has was up 27 per cent reaching a record breaking $565,000 over the year.

“The data reflects the enduring attraction of regional Victoria as a lifestyle choice following two years of COVID-19 restrictions," REIV President Adam Docking said.

Metropolitan Melbourne unit prices jumped 7.1% to $680,000, while houses across the city rose 18.9% to $1,125,000.

The data shows apartments in outer Melbourne, achieved a $615,000 median price with an annual increase of 11.3 per cent.

Middle Melbourne apartments remain the pricier at $765,000 up 8.5% last year.

Apartments in inner Melbourne have experienced 4.8% price growth to a median price of $655,000.

Docking said he expects the market will soon begin to stabilise as some of the listing volume issues are addressed and buyers have more offerings.

But he suggested the impact, if any, of the Omicron surge on the real estate market is yet to be fully understood.

“Major factors influencing the residential real estate market continue to be low interest rates, lifestyle choices as more people work from home and pent-up demand after the series of lockdowns over 2020 and 2021.”


 

The REIV data suggested there was less price escalation in the private treaty market than the red hot auction market

Private treaty apartment market cheaper than redhot Victorian auction market: REIV

Ray White Surfers Paradise Group kicked off the 2022 auction season with 77 residential properties listed for auction at the 30th annual The Event on Sunday.

Around 57 were apartments put up for sale across the near seven hour auction.&nbsp;

&ldquo;This is a day when so many dreams come true for our sellers and buyers,&rdquo; Ray White Surfers Paradise Group auctioneer Andrew Bell said.&nbsp;

By mid-afternoon the preliminary auction clearance rate was 80 per cent of the residential and commercial properties.

But this trailed off with few of the final dozen offerings being sold.

&ldquo;The most satisfying thing for me is that most properties are selling well over their reserves,&quot; Mr Bell said.&nbsp;

&quot;We&rsquo;ve seen some strong bidding from the floor and online but it&#39;s mostly locals in the room bidding.

Mermaid Beach local Rod McIvor snapped up the first property on the order of sale, which was one of the cheapest of sales.

The telco technician secured 4/26 Holland Court, Broadbeach Waters for he and his daughter for $388,000.

The two bedroom ground floor apartment on a lowrise block last sold at $135,000 in 1999. It was offered as a deceased estate.

&ldquo;Honestly I am so happy to have picked up a property so close to everything for under $400,000, that&rsquo;s good buying,&rdquo; Mr McIvo said, who had been looking and saving up for more than six months.

&ldquo;The market is still very competitive. I&#39;ve been to a lot of open homes where there have already been 4-5 offers submitted. I am glad to have found our new home.&rdquo;

The deceased estate was marketed by Ray White Surfers Paradise agent Glen Williams who had four registered bidders.

Chevron Island locals Rhonda and Ron Emmett fought off nine other registered bidders to secure 2541/9 Ferny Ave, Surfers Paradise for $1.625 million, one the of dearest sales.

The 3 bed, 2.5 bathroom apartment on the 54th floor of the Circle on Cavill building last sold in 2018 at $1,225,000, and initially at $1.7 million in 2006.

&ldquo;We were attracted to Circle on Cavill for its facilities as we have already had a unit there up until a month ago when I sold it,&rdquo; Ms Emmett said.&nbsp;

&ldquo;We were only looking at properties that were central and where we could walk to the shops without needing the car. We didn&rsquo;t want any steps either.&rdquo;&nbsp;

Agent Henk Schreurs said the apartment had been sold by Sydney investors. The highest apartment sale was at $2.4m for 1352/23 Ferny Avenue, a 286sqm sub-penthouse in the Chevron Renaissance which sold through agent Jackson Paradise. 

The unsold apartments included a heritage listed apartment in Surfers Paradise.

The 4D 34 Hanlan Street offering saw a $100,000 opening bid with two bidders taking the bidding to $170,000 when it was passed in.

The apartment last sold at $155,000 in 2016.

The partly furnished one bedroom apartment has ocean views from the 4th floor of Kinkabool.

The 53sqm apartment is tenanted at $285 a week until May 2022.

Buyers were given a prospective rent appraisal of $300 to $350 a week.

The body corporate is $68 a week, plus council rates of $41 a week, and water rates of $20 a week.

The total sales figure was around $68m from 101 properties, with over two dozen sold before the auction.

There were 54% of bidders local and 46% interstate with 78% of the buyers being in room. There were over 600 registered bidders.

The lowest sale was a Surfers Paradise apartment at $336,000.

Around 57 apartments were put up for sale across the near seven hour auction. 

Gold Coast apartment auctions get underway in 2022

The development of The Montague Markets precinct in Brisbane&#39;s West End kicked off some 15 years ago.

Now, the awarded Queensland property developer Pradella, has announced the final development in the masterplan that has breathed new life in to the West End area.

The Lanes at West End, which follows the sell-out success of Montague Markets and Enclave, is set to&nbsp;be the crown jewel in the $1.3 billion masterplan. Part of The Lanes will be Wave Residences, which will feature 138 apartments.

There will be a mix of one, two and three-bedroom apartments plus media rooms on offer, as well as an exclusive&nbsp;Penthouse Collection.

Future residents of The Lanes will have the added convenience of the rest of the masterplan being complete, with the already&nbsp;thriving Montague Markets retail precinct on their doorstep. The retail precinct features&nbsp;an array of dining options, services and stores including a full-line Woolworths.

The Lanes will feature resort-style amenities including an expansive 200 sqm lagoon pool with beach entry and an infinity edge overlooking the city, an impressive Rooftop Retreat spanning almost 2,000 sqm including a bar with sweeping views of Brisbane&rsquo;s skyline, a contemporary dining pavilion, and an opulent wellness retreat complete with mineral pool and steam room.

<img alt="" height="746" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-01-26_at_10.35.43_am.png" width="1112" />

Having delivered over 17 projects in West End since the year 2000, Pradella has partnered with bureau^proberts, LAT27 and Position Property to create&nbsp;The Lanes, which is focused to exceed the expectation of&nbsp;the rightsizer demographic, or those looking to invest.

Pradella Sales and Marketing Director, Lee-Anne Kielar, said that the announcement of The Lanes comes following the fast uptake of boutique residences at Montague Markets and Enclave, and that this may be the last chance for buyers to secure a luxurious contemporary apartment within the vibrant West End precinct.

&ldquo;There has been an unprecedented level of buyer demand for luxury apartments over the last couple of years and we anticipate The Lanes will follow suit in terms of popularity,&rdquo; Kielar said.

&ldquo;Residences have sold out so quickly that stage releases and construction were fast-tracked across both Montague Markets and Enclave to keep up with demand.

&ldquo;We are thrilled to be able to deliver Pradella&rsquo;s final West End residential development, The Lanes, which will conclude Pradella&rsquo;s $1.3 billion investment into this thriving inner-city locale. Not only is this a great achievement in terms of Pradella&rsquo;s construction milestones, but these masterplanned projects also showcase a level of upmarket living not seen before in this area.&rdquo;

Fast facts:

- Pradella&rsquo;s newest masterplanned community, The Lanes at Montague Markets, West End

- Superb selection of premier residences including one, two and three-bedroom apartments with media rooms, plus the stunning Penthouse Collection

- Resident-only amenities include architecturally landscaped gardens, picturesque pocket parks, a stunning Rooftop Retreat spanning almost 2,000sqm with private dining pavilion and bar, wellness retreat complete with mineral pool and steam room, and an expansive lagoon pool with infinity edge and sweeping views to the city.

- The final component of the Riverside West End masterplan, ultimately comprising three residential towers with city and suburban views

The Lanes at West End follows the sell-out success of Montague Markets and Enclave. Part of The Lanes will be Wave Residences, which will feature 138 apartments.



Pradella announce The Lanes, the final piece in West End's Montague Markets precinct

Privately owned property group, Riverlee, has appointed Icon Construction to deliver the $500 million Seafarers development featuring residential, hotel and hospitality, in what is set to be the largest private construction project in Melbourne since the pandemic.

The 18-storey development comprises 123 luxury hotel-branded residences and 277 guest rooms as part of Australia&rsquo;s first 1 Hotel &amp; Homes from SH Hotels &amp; Resorts.

Revitalising the historic Goods Shed No.5, Seafarers is a flagship project within the Northbank precinct, located between the CBD and Docklands.

[smartcode_project:default project_id=27728 project_image_fid=173912]

The project&rsquo;s multi-sector impact extends beyond construction and shows post-pandemic confidence in the residential, tourism and recreation markets.

The Seafarers build is valued at a nominal $275 million and is forecast to provide a total of 1,023 full-time equivalent construction-related jobs, with approximately 680 jobs generated upon completion.

The builder appointment of Icon comes as Seafarers records $20 million in sales and reservations since lockdown ended in Victoria last October.

[smartcode_project:default project_id=27728 project_image_fid=173921]

Riverlee&rsquo;s development director, David Lee, says that the partnership with Icon marks a significant milestone for the next wave of Northbank as a destination in Melbourne.

&ldquo;Icon shares our vision for the precinct &ndash; for it to be a high-quality, sustainable and an outstanding place to live and visit.

He also made note of the positive uptake in sales since restrictions lifted in Victoria, showing the confidence in the owner-occupier apartment market and the shift to new lifestyle opportunities in a post-pandemic landscape.

[smartcode_project:default project_id=27728 project_image_fid=173942]

&ldquo;Construction of many residential projects in the city have been put on hold because of low sales during the pandemic, but we are proud to be progressing and are confident in our offering of a unique and differentiated residential product.&rdquo;

Construction at Seafarers will commence in early 2022 with completion slated for 2024.

[smartcode_project_cta: project_id=27728]

The Seafarers build is valued at a nominal $275 million and is forecast to provide a total of 1,023 full-time equivalent construction-related jobs, with approximately 680 jobs generated upon completion.



Riverlee appoints Icon Construction to deliver $500 million Seafarers development

Residents within what will be Australia&rsquo;s tallest skyscraper, STH BNK By Beulah, will breathe in some of the freshest, healthiest and cleanest air in any Australian residential skyscraper, thanks to a bespoke centralised ventilation system that places an emphasis on health and wellbeing.

Designed primarily to optimise sleep quality and productivity, the system developed together with world-leading engineers ARUP, will also protect against noxious fumes, bushfire smoke, disease transmission and moisture issues by removing contaminants from the outside air.

[smartcode_project:default project_id=8804 project_image_fid=27929]

Fresh air is directly ducted to every STH BNK By Beulah apartment, while a full heat exchanger system recovers energy from the exhaust air stream to minimise energy consumption.

By constantly supplying fresh air and exhausting stale air, the oxygen content in each apartment is increased, resulting in up to 10 times less CO2 compared to apartments and houses where stale air is recirculated.

Beulah Managing Director Jiaheng Chen said with Beulah FreshAir&trade;, residents will feel like they&rsquo;re in the world&rsquo;s cleanest destination, constantly breathing the freshest unpolluted air at the most comfortable temperature &mdash; regardless of the conditions outside.

&ldquo;There&rsquo;s been a massive shift towards improving the ventilation and quality of air in buildings, mostly off the back of air-borne diseases, but Australians have also had to deal with unsafe air quality during our recent bushfire seasons,&quot; Chen said.

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank"><img alt="" height="1697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sth_bnk_by_beulah_2.jpg" width="1200" /></a>

&ldquo;Although Australia ranks incredibly well on a global scale in terms of air pollution, the Beulah FreshAir&trade; ventilation system will play a pivotal role in improving the health of residents in terms of sleep, productivity and overall well-being. If the past two years have taught us anything, it&rsquo;s that we are spending more time at home than ever before.&rdquo;

One of the towers in STH BNK By Beulah will become Australia&rsquo;s tallest building.&nbsp;There will be two towers at the&nbsp;City Road&nbsp;address, one rising 102 storeys, some&nbsp;366 metres in to the sky. There will be around 449 apartments across the two towers, as well as a hotel, commercial, and retail space.

The $2.7 billion mixed-use development, will also have its own Private Auto Club,&nbsp;Australia&rsquo;s first-of-its-kind Private Auto Club.

The STH BNK Auto Club will give residents the opportunity to use the fleet of luxury vehicles,&nbsp;from&nbsp;BMWs and Teslas to Porches and Range Rovers.

[smartcode_project_cta: project_id=8804]

A new bespoke centralised ventilation system that places emphasis on health and wellbeing will feature in STH BNK by Beulah apartments, designed primarily to optimise sleep quality and productivity.

STH BNK by Beulah to provide the cleanest air in any Australian residential skyscraper

The Melbourne developer Golden Age Group is pushing ahead with its 21-storey tower in the Queen Victoria Market precinct.

Golden Age, led by founder and managing director Jeff Xu, has just received the green light to develop the Bates Smart-designed project&nbsp;at 432-450 Queen Street.

Some 143 apartments will be spread across the tower, which will also home&nbsp;two levels of retail, a roof terrace on level five,&nbsp;and extensively&nbsp;residential amenity.

Respecting the site&rsquo;s historical context, the approved plans will see the existing Queen Victoria building on the site carefully restored and integrated into the development.

<a href="/new-apartments/450-queen-street-450-queen-street-melbourne-vic-3000">To track this development and be notified when it&#39;s for sale, enquire here.</a>

The project, known as 450 Queen Street, was endorsed by the City of Melbourne in June last year, with Pla​nni​ng Minister Richa​rd Wynne recently giving the nod of approval. Bates Smart Director Julian Anderson said the project has been designed with the residents, visitors and market community in mind by providing engaging spaces to live, work an​​d play.

<a href="/new-apartments/450-queen-street-450-queen-street-melbourne-vic-3000"><img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/450_queen_main.jpg" width="1200" /></a>

&ldquo;We have taken great care in designing an enduring and well-crafted addition to this neighbourhood, respecting the site&rsquo;s historical context while being mindful that this development will have a role in shaping the future character of an evolving and diverse urban fabric.&rdquo;

Carefully selected masonry will be applied to podium forms to complement the existing Queen Victoria building, while the retail ground plane will incorporate vitrine windows as a contemporary interpretation of shopfronts around the market precinct.

A triple-height north-facing atrium will complement Munro Square, providing natural light and activity to the lower and upper ground retail tenancies.

<a href="/new-apartments/450-queen-street-450-queen-street-melbourne-vic-3000">To track this development and be notified when it&#39;s for sale, enquire here.</a>

Jeff Xu said receiving approval was a fantastic start to 2022.

&ldquo;Receiving approval is a reflection of the level of confidence the State Government has in us as co-developers of this city,&quot; Xu said.

&quot;The project is located in a significant area of the Queen Victoria Market precinct and we&rsquo;re excited to develop a project that will further contribute to this ever-evolving pocket of the city.&rdquo;

Around 10 per cent of the residences will also be offered as affordable housing as a means of ensuring an equitable provision of housing is made available.

Some 143 apartments will be spread across the tower, which will also home two levels of retail, a roof terrace on level five, and extensively residential amenity

Golden Age receives green light for Queen Victoria Market tower on Melbourne's Queen Street

ANZ has cut rates on its basic variable home loan by 0.20 per cent.
 
The rate cuts are for new customers with deposits of over 20 per cent.

The biggest discount going to borrowers with deposits of 30 per cent or more.
 
The move comes after continued pressure on lenders to cut their lowest variable loans, as competition in the market drives these rates down, despite rising fixed rates.
 
The RateCity.com.au database shows that in the last three months, 65 lenders have cut at least one variable rate.
 
Most cuts have been to lenders’ ‘no frills’ variable loans and for new customers only, it noted.

The exception is Athena, which this week cut its lowest variable rates for new and existing customers.
 
"There are now significantly more variable rates under 2 per cent than fixed, with 72 variable rates under 2 per cent and just 42 fixed,"  RateCity.com.au research director, Sally Tindall, said.

"ANZ was trying to chase down its big four bank competitor Westpac.
 
“Fixed rates might be on the rise, but competition in the variable rate market is still alive and kicking,” she said.
 
“For months Westpac has had the lowest variable rate out of the big four. 

"ANZ has now thrown down the gauntlet in a bid to win new customers, matching Westpac’s lowest variable rate of 2.19 per cent.
 
“Variable rates are following a very different trajectory to fixed rates, at least for now. 

"There are 72 variable rates under 2 per cent, however, for most borrowers there’s a catch. The vast majority of these variable rate cuts are reserved for new customers, so anyone looking for a rock bottom rate will have to consider switching lenders, or at least haggle with their current bank.
 
“The one notable exception is low-cost lender Athena, which cut its variable rates this week, not just for new customers but for existing ones as well. That’s a rare act in the mortgage market, particularly when there’s been no move to the cash rate for over a year.
 
“We expect variable rates will continue to fall over the next couple of months, however, as we get closer to the next cash rate hike, some lenders could move ahead of the RBA, particularly if the cost of funding continues to soar,” she said.
 


The RateCity.com.au database shows that in the last three months, 65 lenders have cut at least one variable rate

Variable home loan rates still being cut for big deposit buyers

Pace of Blackburn is the latest development by Pace Development Group, offering a collection of one, two and three-bedroom apartments within one of Melbourne&rsquo;s premier suburbs.

The corner site fronting Whitehorse Road and Railway Road puts residents in the heart of Blackburn, within walking distance to a number of local amenities as well as extensive transport links to connecting residents to the city.

[smartcode_project:default project_id=7211 project_image_fid=39984]

Pace of Blackburn is just&nbsp;25 minutes to the CBD, with bus routes 271 and 279 running near the development and the Blackburn train station just a 10-minute walk.

The community is home to one of Melbourne&rsquo;s largest pockets of greenery: Blackburn Lake Sanctuary, as well as Blackburn Medical Clinic and Box Hill Hospital.

Investors are likely to see a decent uptake from students, with the development located just seven kilometres from Deakin University - as well as there being three other universities within an 11 kilometre radius.

Caf&eacute;s, restaurants and take-away favourites are sprinkled all around Pace of Blackburn with an emphasis on great coffee and family favourites.

[smartcode_project:default project_id=7211 project_image_fid=39986]

Lily Loves George serves up unique and nutritious breakfasts along with an impressive Reuben and super salads for lunch. For the sleepyheads, there&rsquo;s all-day breakfast at Black Alchemy whilst the Food Republic puts modern European fusion to work.

Shopping in the area ranges from the mega-mart scale of Costco in nearby Ringwood, down to local boutiques and regular markets. Forest Hill Chase has mainstream and speciality stores as well as Hoyts Cinemas, bowling, events, a play zone and pop-up shops.

In neighbouring Box Hill, you&rsquo;ll find a range of Asian grocery stores and dining options for traditional Hot Pot and Yum Cha.&nbsp;

Residents will also have access to multiple retail spaces on the ground level of the precinct, with&nbsp;prominent supermarket chain Foodworks featuring as the flagship tenant.&nbsp;

[smartcode_project_cta: project_id=7211]

Pace of Blackburn is just 25 minutes to the CBD, with bus routes 271 and 279 running near the development and the Blackburn train station just a 10-minute walk.



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