ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.

The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.

They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" />

The design report identifies the public realm as a central driver of the proposal.

"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."

The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.

Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" />

The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.

"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."

The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.

Joel Robinson

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

An 1880s timber cottage that has survived Kangaroo Point's transformation from riverside suburb to high-density apartment precinct is set to become the centrepiece of <a href="https://www.apartments.com.au/developers/zephyr">Zephyr Group</a>'s proposed Banksia development.

Rather than see the locally heritage-listed Alpha Cottage as an obstacle to navigate, plans integrate the landmark home into a new 18-storey residential tower, giving one of the suburb's oldest surviving residences a new role as the project's communal hub.

The development application covers a 1,177 sqm amalgamated site at 127-133 Lambert Street and 30 Shafston Avenue, where Zephyr Group plans to deliver 64 apartments above three basement levels. Designed by <a href="https://www.apartments.com.au/architects/joe-adsett-architects">Joe Adsett Architects</a>, the proposal carefully weaves the retained heritage cottage into a contemporary residential scheme, with the tower elevated above the historic building to preserve its presence within the Lambert Street streetscape.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="f9dc5bdb-d691-4c60-bf2b-c3ed405a3e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Banksia.png?VersionId=Jh4bjlewU.o8HXWt0V4KaFA_lPcF7KWM" />

Named after the native Australian Banksia flower, the project draws inspiration from its distinctive form through curved balconies, sculpted planter boxes and cascading subtropical landscaping that soften the building's profile.

As the design report explains: "The tower's identity is defined by its feature facade, drawing direct inspiration from the Banksia wildflower. The building departs from traditional rigidity through the use of elegant, GRC-moulded planter boxes that appear as if shaped by the breeze."

Plans propose 64 apartments, comprising 32 two-bedroom and 32 three-bedroom residences, across an 18-storey tower. Residents would have access to rooftop amenities including a swimming pool, spa, gym, sauna, private cinema, dining spaces and landscaped recreation areas, while more than half the site is dedicated to planting and open space.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="16041b5f-033e-47fa-8fbe-9886e072c1f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pool.png?VersionId=kpx5w4EbLx0_TdWfDoD1vrSs0_cZ5Ao1" />

The heritage component is the defining feature of the proposal. Constructed in the early 1880s and occupied from at least 1883, Alpha Cottage is recognised by Brisbane City Council as an important surviving example of Kangaroo Point's nineteenth-century residential development and as a representative transverse-gable timber cottage. Despite extensive redevelopment across the peninsula, the building has retained a high degree of its original form and internal fabric.

As part of the redevelopment, the cottage will be carefully relocated a short distance within its original allotment to facilitate construction before being returned to a prominent position along Lambert Street. Original verandah elements will be dismantled, catalogued and reinstated, while significant internal features, including timber flooring, wall linings, joinery, doors, windows and hardware, will be retained. Later additions, including the enclosed rear verandah, will be removed to better reveal the building's original form.

Once restored, Alpha Cottage will accommodate the building manager's office, mail room and parcel facilities, providing an active everyday use that supports its long-term conservation rather than preserving it as a static display. The heritage strategy also maintains landscaped space around the building, allowing it to remain visually distinct beneath the new tower.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="43b027e1-576e-4624-a66c-7cc54ea8b7be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/banksia%20tower.png?VersionId=2W6E2yfkj2AQlWlLeV986grA5zB9f817" />

The Heritage Impact Assessment concludes that "the proposal secures the ongoing occupation, maintenance and conservation of Alpha Cottage," finding the development would result in "no more than a minor impact on the cultural heritage significance" of the building while ensuring its long-term future.

Joe Adsett Architects have designed the tower to sit above the heritage building rather than overwhelm it, creating a clear visual separation between old and new. The development's flowing balconies, integrated planting and organic façade respond to Brisbane's subtropical climate while complementing the restored cottage below.

Banksia occupies a prominent corner in Kangaroo Point within walking distance of the Kangaroo Point Bridge, Brisbane River, ferry services, QUT, the CBD and the Woolloongabba precinct. The site also benefits from direct access to active transport infrastructure and sits within an area earmarked for continued higher-density residential growth.

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

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.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

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.

[smartcode_project:default project_id=149637 project_image_fid=351027]

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.

[smartcode_project:default project_id=149637 project_image_fid=351031]

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."

[smartcode_project:default project_id=149637 project_image_fid=351024]

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]

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

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 Sydney headquartered Thirdi Group has a full pipeline for 2022, continuing their growth with a raft of new plans both in Australia and in the UK.

The group currently has a development pipeline worth more than $2.5 billion, including their latest project, Balfour Place, which is a mixed-use development in Sydney&#39;s Lindfield.

In partnership with Phoenix Property Investors, Balfour Place is set&nbsp;to be built on the existing Coles supermarket site&nbsp;later this year, comprising 62 apartments, as well as space for specialty stores on the bottom levels.

<img alt="Third.i to develop apartments in Newcastle and Lindfield as part of 2.5 billion pipeline" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/balfour_third.i_1_0.jpg" style="width: 1200px; height: 900px;" /> 
A render of Balfour Place. Image supplied

The project is set to start its second stage of construction this year following development application amendments in 2021, which will&nbsp;deliver less impact&nbsp;on the wider community.

Another hot project for Thirdi is the&nbsp;Dairy Farmers Towers, part of the master planned West End Precinct project that will see two architecturally designed buildings from renowned architectural firm CKMS created. Consisting of 190 one, two and three-bedroom apartments, the Dairy Farmers Towers, one of which will be Newcastle&rsquo;s tallest residential tower, will begin construction toward the end of the year. Already over 50 per cent of the apartments are already sold.

The group is also launching two large residential schemes in Newcastle, including its first Retirement Resort, The Merewether, a joint venture project with the Merewether Golf Club, which is set to comprise a new golf club, wellness centre and 148 luxury one, two- and three-bedroom apartments. The $200 million project, with construction slated to begin later this year, will be topped by 16 penthouses, each with a rooftop spa terrace and expansive views overlooking the golf course and towards Newcastle&rsquo;s CBD and beaches.

Since launching, close to 50 per cent of the apartments have been secured off the plan, making it one of the most successful retirement living launches ever seen in the Newcastle region.

<img alt="" height="632" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dairy_farmers_newcastle_2_0.jpg" width="1200" />

&nbsp;

A render of The Dairy Towers in Newcastle. Image supplied

&nbsp;

The group is also working hard on investing in its iNSiTU Housing division and are on track to bring to fruition another 30 SDA properties which will make it one of Australia&rsquo;s largest networks of SDA Housing along the eastern seaboard. Third.i currently has a number of properties established, under construction and in the pipeline with projects in Tweed Heads, Coffs Harbour, Port Macquarie, Newcastle, and Gosford in NSW as well as Townsville in QLD, with plans to expand their network along the east coast in 2022.

&ldquo;We are aiming to change the future of disability housing by targeting the best towns/cities along the East Coast of Australia, making sure our SDA Housing is strategically located in the best part of the towns, close to transport, shops and amenity. Not only do we want to create the largest network of SDA Housing along the east coast of Australia, but we also want to ensure we have best properties possible for our iNSiTU clients and we are thrilled to continue this journey into the new year,&rdquo; said Berry.

The international developers acquired their second major mixed-use development site in South London following their UK debut in Battersea in 2019, unveiling plans for &lsquo;Graphite Square&rsquo;, which is set to comprise 160 new homes with 7,432 sqm of collaborative work spaces for residents and local businesses.

&ldquo;Not too many people would be aware, that we have been operating in London now for almost three years and are only weeks away from completing our first major project of close to 100 apartments in Battersea,&rdquo; said Luke Berry, Director of Sales and Marketing at Third.i.

Designed by international architectural firm, Ben Adams Architecture, with an industrial flare, Graphite Square will be connected by a central public realm that will enrich the area and provide communal space for locals.

The group currently has a development pipeline worth more than $2.5 billion, including their latest project, Balfour Place, which is a mixed-use development in Sydney's Lindfield


Third.i to develop apartments in Newcastle and Lindfield as part of $2.5 billion pipeline 

The Gold Coast City Council has approved Gallery Group&rsquo;s 36-storey Chalk tower at Surfers Paradise.

Construction is set to begin this year on the $290 million Surf Parade site by Hutchinson Builders.

It will have 99 units in the 36 storey complex.

Urban reported on its development plan lodgement that Gallery are targeting the owner-occupier, with no one-bedroom apartments.&nbsp;

Its two-bedroom unit prices start from $971,000.

Gallery Group CEO Adam Barclay says the average apartment size will be around 250sqm.

Raunik Design has drawn up the plans amid landscaped gardens by FORM.

Gallery Group is a diversified Australian property company, headquartered in Sanctuary Cove on the Gold Coast, which employs more than 500 staff and contractors across Queensland, New South Wales, and Victoria.

The $290m tower will be constructed in southern Surfers Paradise

jchancellor-FAypfDUnLy

Chalk, Surfers Paradise apartment tower gets approval

Melbourne's brand new $1 billion dual tower project, known as Queens Place, has recently completed the construction of its first tower.

We were invited to take an exclusive tour of the apartments and luxury amenities, take a look at our apartment tour video:&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/EkNWE9trIpE" title="YouTube video player" width="660"></iframe>

The development's design was a collaboration by leading design firms Fender Katsalidis Architects and Cox Architecture.&nbsp;

A design feature I found particularly interesting is that as each tower rises, they veer away from each other, creating visual asymmetry and maximising views for residents on upper levels.&nbsp;

On the ground floor, you're welcomed into the most stunning lobby, complete with an incredible light installation.&nbsp;

[smartcode_project:default project_id=2806 project_image_fid=175416]

As soon as you step foot in your apartment, you're met with this incredible view of the city skyline through the floor-to-ceiling glazing. It's a view you would never tire of and one of the most rewarding features of apartment living.&nbsp;

The flow is open plan and feels light and spacious. Little details like the wide panel timber flooring make the room feel even larger, and depending on whether you opt for a single wall kitchen or a galley configuration, there is plenty of room for dining to be separate from the living area.

[smartcode_project:default project_id=2806 project_image_fid=175428]

The kitchens feature integrated rangehoods and Miele gas cooktops with timeless timber joinery. You'll also notice that these wall sconce lights are a unique feature piece and are also found in the bathrooms.

All bathrooms and ensuites are fully tiled and include freestanding timber vanities, deep square basins and modern tapware. Many apartments also have wall-spanning walk-in showers.&nbsp;

The bedrooms also offer great views of the city, with expansive floor-to-ceiling glazing. Soft grey carpet makes the room feel cosy, while the full height mirrored wardrobes create a feeling of spaciousness.

[smartcode_project:default project_id=2806 project_image_fid=175424]

All residents will have access to the extensive 3-level amenities, including a 25m swimming pool with a thriving green wall, a fully equipped gymnasium, a karaoke room and a dining room complete with its own wine cellar, as well as a library and games room for billiards, card games and mahjong.

Residents in the tower's High Rise, Queens Residences and Queens Terrace apartments will have access to several more amenities on levels 52 and 53.

[smartcode_project:default project_id=2806 project_image_fid=175430]

Whether you're running on the treadmill, relaxing in the steam room, or enjoying a drink in the lounge, you can enjoy panoramic views of the city.

The swimming pool is surrounded by grey marbled tiles, the private 10-person dining area features a statement stone table, and the elegant lounge spaces include multiple fireplaces. One of my favourite spots is this relaxation area; it's absolutely flooded with light through the opulent double-height void.

Enquire about your dream home via Urban today and move in tomorrow!

[smartcode_project_cta: project_id=2806]

Olivia Round

Apartment Tour Video: Queens Place by 3L Alliance at 157 A’Beckett Street and 370 Queen Street, Melbourne

Iris Residential&rsquo;s Shenton Quarter apartment development has been carefully located to be central to everything Shenton Park, the small suburb west of the Perth CBD, has to offer.

Literally on its doorstep is a Coles Supermarket, integrated within the development, offering the ultimate convenience for residents.

Shenton Quarter, on the corner of Selby Street and Seymour Avenue, is just 500 metres from Shenton College, and across the road from the Cliff Sadlier Vc Memorial Park. Less than a kilometre away is further green spaces, including Shenton Bushland and Shenton Park. Just passed Shenton Park is the nationally known Kings Park, on the Swan River.

[smartcode_project:default project_id=26734 project_image_fid=153700]

Railway Road, conveniently located a stone&#39;s throw from Shenton Quarter, connects residents to the CBD, just five kilometres away. Daglish Train Station is less than a kilometre away also.

Less than five kilometres away from Shenton Quarter is the likes of&nbsp;Lake Claremont Golf Course, Claremont Quarter, Freshwater Bay, the University of Western Australia, Onslow Tennis Club and Lake Jualbup.

As well as benefitting from extensive nearby amenity, Shenton Quarter itself has&nbsp;over 2,400 sqm&nbsp;of additional residential amenities.

[smartcode_project:default project_id=26734 project_image_fid=153698]

There&#39;s&nbsp;private landscaped gardens, vegetable and herb gardens and fruit orchard, a 20m heated swimming pool, lounge and dining area, BBQ deck, a children&rsquo;s play area, and a fully equipped gymnasium.&nbsp;

One-bedroom apartments have completely sold in Shenton Quarter, with loft-style, two and three-bedroom configurations are still available.

Construction is due for competition by the end of the year.

[smartcode_project_cta: project_id=26734]

Home to a range of one, two and three bedroom apartments, Shenton Quarter benefits from a range of nearby amenities



In and around Shenton Quarter, Iris Residential's Shenton Park apartments

Two new mixed-use residential developments are in the pipeline for Wollongong&rsquo;s CBD, continuing the upwards growth in the area.

Local developers, Blaq Projects, are behind one of the lodged development, with plans to construct an 18-storey building at 24-30 Kenny Street.

The $33 million development outlines 68 residential units, along with a 78-room hotel which will feature a range of amenities, including a caf&eacute;, swimming pool and gym.

While the operator for the hotel is yet to be announced, the successful group will manage and operate the hotel alongside Anya Solutions, which is headed by Blaq&#39;s chief financial officer, Sharmen Naidoo.

Designed by Robert Gizzi at Design Workshop Australia - another Wollongong local &ndash; the development application has also included basement level parking for 122 vehicles.

On the northern end of the CBD, a seven-storey residential development has been put forward, with plans to designate the 1889 sqm ground floor as retail space.

81-85 Keira Street will comprise 43 apartments and will feature basement level parking.

Local developers, Blaq Projects, are behind one of the lodged development, with plans to construct an 18-storey building at 24-30 Kenny Street.

Two new residential offerings added to Wollongong's development pipeline

Award-winning Melbourne property developer, Beulah, has announced Four Seasons Hotels and Resorts – the&nbsp;global leader in luxury hospitality - as the chosen manager of the hotel within its new $2.7 billion development, STH BNK by Beulah.

Four Seasons Hotel Melbourne will comprise 210 rooms, crowning the western tower of STH BNK by Beulah, with guests arriving via a Sky Lobby located on the 63rd floor, boasting panoramic views over Melbourne’s city skyline, beachfront and Royal Botanical Gardens.

The Hotel will also offer a world-class integrated health and wellness experience, a rooftop restaurant and bar and multiple event spaces.

Beulah Executive Director Adelene Teh said Four Seasons was the perfect partner for STH BNK by Beulah and will offer an unmatched hospitality experience, while remaining uniquely Melbourne.

“As STH BNK by Beulah continues to push the boundaries of what’s possible in the luxury, lifestyle and sustainability spaces, Four Seasons aligned perfectly to our ethos and vision, offering unparalleled experiences, a bold commitment to innovation, and fantastic sustainability initiatives across its hotels and resorts."

[smartcode_project:default project_id=8804 project_image_fid=27929]

“Four Seasons will provide an uber-luxurious lifestyle offering to Melbourne’s residents and visitors alike, one that fuses wellness, sustainability, art and culture, and innovation, providing guests with everything they need within the one destination."

“It will also pay homage to Victoria’s Garden State title, tying in with STH BNK and Beulah’s commitment to biophilic design and will be further strengthened via a health and wellness theme. All of these elements will culminate to create an urban resort in the sky.”

Envisioned as a vertical mini-metropolis, STH BNK By Beulah will comprise four distinct collections of private residences, public and green spaces, a rooftop sky garden, 3,000 seat auditorium, commercial offices, childcare centre, a health and wellness precinct, arts and culture spaces and programs, as well as experiential retail, all within two twisting terraced forms.

An international collaboration with UNStudio and Cox Architecture, STH BNK by Beulah will deliver approximately 449 residences.

On track to become Australia’s tallest tower, STH BNK by Beulah is also set to become the tallest vertical garden in the world, incorporating a natural environment within its skyscraper. The vertical garden will reach a total of five-and-a-half kilometres, the length of Melbourne’s famed The Tan running track nearly one-and-a-half&nbsp;times over. Beyond the exterior, the development will also offer a number of green communal spaces.

An iconic global luxury brand, Four Seasons opened its first hotel in 1961 and has since been dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. They currently have 122 hotels and resorts in operation, as well as 48 residential properties in 47 different countries, with the Melbourne hotel set to play a pivotal role for the brand’s presence in Australia.

Bart Carnahan, President, Global Business Development and Portfolio Management, Four Seasons Hotels and Resorts said,

“We are incredibly proud to partner with Beulah and to be a part of the leading-edge STH BNK by Beulah development. This project will set a new standard for luxury in Melbourne, offering guests an exceptional Four Seasons experience set within an environment that will be unmatched in this market.”

Construction is expected&nbsp;to commence late 2022, with completion due around 2027.

Four Seasons Hotel Melbourne will comprise 210 rooms, crowning the western tower of STH BNK by Beulah, with guests arriving via a Sky Lobby located on the 63rd floor

Beulah partners with Four Seasons Hotels and Resorts for $2.7 billion STH BNK by Beulah

Sales of the Crown Sydney apartments at Barangaroo continue to progress, with almost $1.2 billion in gross sales and pre-sale commitments. 

Based on current progress, Crown is focused on selling all apartments by 30 June 2022 through Knight Frank. 

As at 31 December 2021, $975 million in sale proceeds had been received, with receipt of the final approximately $275 million in expected settlement proceeds subject to timing of the sales.

It included the $72.2 million for the off the plan purchase by Crown shareholder James Packer who bought the 48th and 49th floors. 

Crown updated the shareholders in an ASX adisory that indicated only limited spend remains on the total project cost of $2.2 billion. 

The expected net project cost following completion of all apartment sales, net of tax attributable to the gain on sale of apartments, will be $1.1 billion.

Gaming areas are yet to commence operation as Crown continues to work through the consultation process with the casino’s regulator, the Independent Liquor and Gaming Authority (ILGA). 

Crown is hoping to see the progressive opening of the gaming floor from March.

Non-gaming operations progressively commenced trading at Crown Sydney from late December 2020. 

During the period, Crown Sydney faced significant disruption as a result of COVID-19, and was closed for 102 days.

Hotel occupancy was 17% during the period. 

Upon re-opening in October 2021, hotel occupancy showed improving trends, averaging nearly 40%, with higher occupancy on weekends and strong average room rates.


As at 31 December 2021, $975 million in sale proceeds had been received

Crown Residences at One Barangaroo sales hit $1.2 billion

La Pelago, The Ferny Avenue, Surfers Paradise mega development by the Melbourne-based developer GURNERTM, has received development approval from the Gold Coast City Council.

The application for the $1.75 billion project, lodged in August, will see four towers built across a 11,000&nbsp;sqm plus block at 108&nbsp;Ferny Ave, which GURNER acquired&nbsp;following the high profile collapse of the developer Ralan, who had planned two towers on the site.

Over 900 residences have been signed off on, as well as over 200 hotel suites which will be part of the mixed-use central tower, the tallest tower which will rise up to 60 levels.

GURNERTM Founder and Managing Director, Tim Gurner, said La Pelago will be the culmination of all of their work over the past 15 years.

[smartcode_project:default project_id=108339 project_image_fid=200436]

"We have been working tirelessly, researching all over the world, to ensure we raise the bar and that we can offer something beyond what has previously been possible," Gurner said.

“We have looked to the world’s best private islands to emulate a true 7-star resort-style precinct and I can speak from the heart when I say there is nothing else like it on the Gold Coast.

“Everything from the incredible resort-style amenities and ‘private island’ experience, through to the retail precinct, interiors and private zones, have been crafted with luxury in mind."

Designed by longstanding collaborator Warren and Mahoney, La Pelago centres on a private island theme whereby each of the project’s four towers is surrounded by a&nbsp;waterway lagoon, tropical landscaping and poolside water retreats, in addition to food and beverage tenancies, retail and open space.

[smartcode_project:default project_id=108339 project_image_fid=200438]

The proposal also includes two levels plus one mezzanine level of basement, three storeys of a consolidated podium and 1,257 car spaces – recreation facilities, open areas and green spaces sit atop the podium level, with additional indoor communal recreation areas throughout the podium and towers for residents and guests.

Mid-2022 will see an initial VIP launch to GURNERTM's client database, which Gurner expects to see significant interest of the first release, before commencing a wider project launch later in the year.

“We have already been absolutely overrun with enquiries through our website for this landmark project – I think people know this is going to be something incredible that will really push the boundaries," Gurner added.

[smartcode_project:default project_id=108339 project_image_fid=200437]

“Budds Beach is a really special part of the Gold Coast and we are excited to be pioneering a game-changing development that will bring this pocket of coastline to life with a world- leading mixed-use regeneration precinct.

“We have some amazing things to announce in the coming months, and we can’t wait to launch this incredible product."

GURNERTM recently announced that ICON Construction had been appointed as builder on the 60 plus storey tower, with an estimated build price of $350 million. Works are expected to commence on the site in Q3 2022, and the first tower’s build estimated to take 40 months to complete.

At A Glance: 
- Tower 1: 150 residences across 30 storeys 
- Tower 2: 110 residences across 25 storeys 
- Tower 3: 430 residences and 200 hotel suites across up to 60 levels 
- Tower 4: 250 plus residences across 34 storeys

[smartcode_project_cta: project_id=108339]

[smartcode_project:default project_id=108339 project_image_fid=200435]

Over 900 residences have been signed off on, as well as over 200 hotel suites which will be part of the mixed-use central tower, the tallest tower which will rise up to 60 levels

Gurner gets sign off for La Pelago, Surfers Paradise mega-development

Nestled in the leafy riverside suburb of Como, at 44 and 46 Leonora Street, Henley Rise Residences is a brand new development by Blueways Group in collaboration with Aria Land.

Take a look at our recent display suite tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/aRgEr-k7ObM" title="YouTube video player" width="660"></iframe>

<h2>HENLEY RISE AT A GLANCE:</h2>

Address:&nbsp;44 and 46 Leonora Street, Como WA 6152 
Developer:&nbsp;Blueways Group 
Architect:&nbsp;Embrace Architects

[smartcode_project:default project_id=94976 project_image_fid=178648]

With 111 residences available across two towers, there are a selection of one, two and three-bedroom floorplans to choose from, all meticulously designed to encapsulate its peaceful riverside location as well as being future-proofed with highly sustainable design initiatives.

One of the features of Henley Rise that I particularly love is that each apartment is designed to make the most of natural light and cross-ventilation and where possible, views of the Swan River and Perth CBD.&nbsp;

[smartcode_project:default project_id=94976 project_image_fid=178655]

You can easily access the iconic Swan River and enjoy the newly built cycle trails nearby. You're also within walking distance to Olives Reserve, Como Beach and many great shops and cafes. A short drive away, you'll find Perth Zoo, Curtin University, South Perth Yacht Club and Tennis Club, the Royal Perth Golf Club, as well as popular schools. Perth's leading shopping centre, Garden City, is also minutes away.

Canning Bridge Train station is nearby and will provide you with direct access to Fremantle, Applecross, Elizabeth Quay and Perth CBD or get off at Murdoch Station and walk to Fiona Stanley or St John of God Murdoch Hospital.&nbsp;

All apartments are equipped with integrated Miele appliances, timber flooring and designer tiling, with most feature spacious island benches and are available with a choice of a warm, cool, or dark scheme.&nbsp;

[smartcode_project:default project_id=94976 project_image_fid=178643]

Residents will have access to an exclusive landscaped communal terrace, grand entry plaza featuring a three metre sculpture and reflection pond providing the perfect retreat to relax and unwind. You'll also get to enjoy the use of the oversized, on-site gymnasium, stylish residents lounge and fully equipped business hub complete with meeting rooms, perfect for working from home.

Another great feature of Henley Rise is that when compared to other multi-residential developments in Como, it ranks amongst the cheapest in the area. This is due to its forward-thinking building design which reduces building costs and ongoing strata fees for its residents.

Whether you're downsizing or entering the market, Henley Rise could be the perfect option for you.&nbsp;To learn more about the homes available for sale, then submit your enquiry today.

[smartcode_project_cta: project_id=94976]

Display Tour Video: Henley Rise by Blueways Group at 44 and 46 Leonora Street, Como, WA

National property developer Goldfields is further expanding its extensive portfolio, announcing its first acquisition in Western Australia and the opening of a new Goldfields office in Perth.

The newly acquired 400-lot site was purchased for $8 million and is four kilometres&nbsp;from the centre of the Margaret River township. It will be Goldfields’ first development beyond Australia’s eastern seaboard.

The site, at 211 Darch Road, Margaret River,&nbsp;is set to become a masterplanned residential community, with construction due to commence in the fourth quarter of this year. It is well-positioned to&nbsp;benefit&nbsp;from strong demand as Western Australia prepares to welcome back domestic and international migrants in the future.

Lachlan Thompson, Chief Executive Officer of Goldfields, said the team had been looking for areas with strong development potential on the western coast of Australia.

“We’ve made no secret of our appetite for growth and our expansion into WA further strengthens our national pipeline," Thompson said.

“We’ve identified significant growth opportunities in Margaret River, due to favourable economic conditions, employment expansion and significantly constrained land supply in the area.

“We are delighted to have a permanent presence on the west coast in addition to major ongoing projects in Victoria, New South Wales, Queensland and South Australia."

Gareth Wilson, General Manager WA at Goldfields, noted recent growth in Margaret River and surrounds created an attractive development opportunity.

“Popularity in the South-West is stronger than ever and as a result Margaret River has seen an unprecedented growth in property sales and prices over the past two years," Wilson noted.

“Margaret River’s unique lifestyle offering and the strong Western Australian economy have created demand in the area, not only from the local population, but also holiday makers and investors.

“The picturesque site is surrounded by world-famous surf beaches, renowned wineries and is a short drive into Margaret River township. Not only will this new community help to meet the demand for housing, but it will also offer purchasers an affordable opportunity to improve their lifestyle in the South-West,” Mr Wilson said.

Goldfields also recently branched out in to Brisbane, <a href="/news/qld/melbourne-developer-goldfields-take-first-step-in-to-brisbane">submitting plans for a 20-level tower in&nbsp;Milton</a>, the riverside suburb in the inner western ring of the city.

Goldfields Chief Executive, Lachlan Thompson, told Urban that the time was right to go in to the Brisbane apartment market.

“As a national property developer, we are constantly looking for areas that offer strong development potential and we were impressed with Milton’s amenity and connectivity to all things lifestyle related," Thompson said.

Lachlan Thompson, Chief Executive Officer of Goldfields, said the team had been looking for areas with strong development potential on the western coast of Australia

Latest Property News

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News