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?

The longtime gap between house and unit profitability is narrowing, according to analysis of around 99,000 dwelling resales in the September 2021 quarter.

House resales continued to have a higher chance of nominal gain (95%) than units (86.5%), however the CoreLogic advised the gap had narrowed.

The trend was occuring “as affordability constraints limit growth in the detached house market and gradually deflect demand towards higher density housing options,” Ms Eliza Owen, the research head at CoreLogic advised.

"Profitability of residential real estate continued to be buoyed by low interest rates, and a fall in advertised stock through the period," she said.

Amid the 99,000 resales, some 92.4% recorded a nominal profit-making gain from the previous purchase price, up from 87.5% in the September 2020 quarter.

Hobart was the strongest performing unit market with some 99.5% of resales at a profit, better than the 97.5% for houses.

There was very little difference between the rate of profitability in regional NSW for houses and units, which was 97.7% and 97.1% respectively.

Victoria's regional unit sales saw a 97.4% profit success rate, compared to across Melbourne where sellers secured a profit amid 89.1% of their sales. The report noted this marked a larger increase from the previous quarter of 130 basis points for Melbourne.

Sydney sellers of units saw profits 92.9% of their sales in the September quarter.

Owen also advised the gap between profitability in the regions and capital cities widened through the September quarter. 

The portion of profit-making sales across the capital cities increased 10 basis points to 91.9% in the three months to September, while the rate of profit- making sales in regional Australia increased 90 basis points in the quarter, to 93.1%.

The median nominal gain made on resales nationally was $270,000, while median losses were at $37,000 in CoreLogic's quartery Pain & Gain report.

At the national level, the portion of profit-making sales increased across both houses and units. 

Units accounted for 26.9% of total resales through the period, but represented 59.2% of loss making resales. 

"However, the rate of profitability increased more rapidly in the unit segment," Owen said.

Units had a larger typical decline on loss-making resales at $40,000, compared to $32,000 across houses.

The lowest incidence of profit-making unit sales was across Darwin, where over half of unit resales made a nominal loss (55.8%). 

Perth, Brisbane and the ACT also saw a relatively large divide between profitability in houses and units.

Owen noted some of the key factors that have weighed on unit profitability relative to houses over the past few years included high levels of unit stock being developed relative to detached houses, and negative demand shocks to the investor market, where demand for units tends to be more concentrated. 

"However, in the past year some of these dynamics have shifted slightly. 

"ABS data shows unit construction activity has remained subdued through 2021 when compared with the house segment. 

"Between 2016 and 2020, Australia saw around 1.2 house completions for every unit completion nationally, which increased to 1.4 houses for each unit over the first two quarters of 2021. 

"The boom in house construction activity, which has been in part a response to owner- occupied incentives such as HomeBuilder, may ease the growth and profitability of houses in the next few years as they are completed," she said.

Owen suggested future quarters could see further narrowing between house and unit profitability.

The combined value of profit from resales in the September quarter totalled $27.3 billion, while resale losses totalled $368 million in the same period. 

Around 99,000 dwelling resales were analysed for the September quarter Pain & Gain report

jchancellor-FAypfDUnLy

Gap between house and unit profitability narrowing: CoreLogic

Melbourne Quarter&rsquo;s East tower, designed by renowned architects&nbsp;Fender Katsal​idis, is set in the new wider precinct Lendlease has developed between the popular Collins and Flinders Street.

The national developer is now offering investors limited-time incentives in the completed <a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands">East Tower</a>, which include a choice between an eight per cent rebate OR a guaranteed rental yield of five per cent for two years^. That applies to all one, two and three-bedroom apartments in the 40-level East Tower.

One-bedroom apartments are priced from $446,000, with two-bedroom apartments starting from $607,000.

For a limited time Lendlease is also offering no stamp duty for eligible buyers.

[smartcode_project:default project_id=3459 project_image_fid=147577]

The entry is a statement to the whole tower, through a grand lobby with a soaring nine metre canopy and signature stone and bronze highlights.

The theme of contemporary elegance is evident not only in the lobby but throughout the apartments, as exhibited from the high end fittings and timber flooring.

Each of Melbourne Quarter&rsquo;s one, two and three-bedroom apartments have been designed for timeless livability, with high-quality fixtures and fittings, considered layouts and contemporary interiors.

Take advantage of your brand new European appliances or if you prefer dining in without the hassle, the tower also boasts private dining spaces with fully-equipped kitchens and a residents&rsquo; lounge.

Soak in the sights from your sleek, stone-paved balcony from high-rise Skyhomes with panoramic city, river or bay views, to boutique apartments overlooking the green oasis below. Especially since a generous 50% of the precinct is dedicated to outdoor open space for residents, workers and visitors to enjoy.

Experience the views wherever you go, including at East Tower&#39;s exclusive Club MQ where every resident has access to three floors of resort-style amenities.

[smartcode_project:default project_id=3459 project_image_fid=147571]

As part of Club MQ, the inner city development offers multiple fitness facilities exclusively for its residents, including access to gym facilities, a private yoga space, a spa and sauna and a 25-metre indoor swimming pool.

The pool area&rsquo;s large double-storey floor-to-ceiling windows provide countless opportunities to take in the city skyline while swimming laps.

Home to Melbourne&rsquo;s newest laneway, promising delights and delicacies for locals and visitors alike.

[smartcode_project:default project_id=3459 project_image_fid=147566]

As one of Melbourne&#39;s most popular retail precincts, you can pop down to the Designer Fashion Outlet whenever you like. Also within walking distance is Crown Melbourne, South Wharf Promenade and education hubs including the University of Melbourne and RMIT.&nbsp;

Melbourne Quarter is conveniently situated between two of Melbourne&#39;s most iconic streets, Flinders and Collins, and is opposite Southern Cross Station. It&#39;s just a stroll to&nbsp;Collins Street&rsquo;s top restaurants and retail stores and Bourke Street Mall.

^Apartments seeking nomination. Incentives are available for a limited time, subject to terms, conditions and eligibility criteria available at www.melbournequarter.com/live.

[smartcode_project_cta: project_id=3459]

For a limited time Lendlease is also offering no stamp duty for eligible buyers

What incentives are Lendlease offering investors at Melbourne Quarter?

Locals have descended on Melbourne developer Hirsch &amp;&nbsp;Faigen&#39;s latest Gold Coast apartment development, Yves, with the Mermaid Beach apartments netting over $80 million in sales in the first three weeks following the launch.

The $200 million development, located at 7-9 Mermaid Avenue on the doorstep of the Gold Coast&rsquo;s sought-after millionaire&rsquo;s row&nbsp;Hedges Avenue, is making waves with Brisbane and Gold Coast downsizers, who account for 70 per cent of the early sales.

First-home buyers are also in the mix, driving one of the most successful project launches on the Gold Coast in recent months.

Designed by Rothelowman and comprising 146 apartments across three towers, Yves brings to the market a mix of&nbsp;one, two and three-bedroom designs, in addition to the premium offerings of two four-bedroom half-floor sub-penthouses and a single full-floor penthouse.

[smartcode_project:default project_id=102451 project_image_fid=186076]

&ldquo;The demand we&rsquo;ve experienced in recent weeks shows the market remains strong despite the latest Covid outbreaks,&rdquo; Hirsch&nbsp;&amp; Faigen&#39;s Sales Director&nbsp;Matt George said.

&ldquo;Yves is generating interest from a broad range of buyers looking for the lifestyle afforded by this exclusive pocket of Mermaid Beach, just a stroll away from Pacific Fair and the Broadbeach entertainment precinct. The Gold Coast is also still proving to be hugely popular with investors.&rdquo;

A Melbourne investor has been the most expensive buyer so far, spending nearly # million on a sub-penthouse. Negotiations are also underway on the other sub- penthouse with a price tag of $2.495 million.

[smartcode_project:default project_id=102451 project_image_fid=186070]

Buyers from Sydney and Melbourne accounted for 20 per cent and 10 per cent of the recent sales.

&ldquo;Brisbane buyers are predominantly buying a second property while Gold Coast buyers are either downsizing or first-home buyers,&rdquo;&nbsp;George said.

&ldquo;Five of the eight one-bedroom apartments have sold to local first home buyers.&rdquo;

One-bedroom apartments are priced from $550,000, while Yves&rsquo; ultra-luxe offering, the penthouse, is on the market for $5.5 million.

[smartcode_project:default project_id=102451 project_image_fid=186071]

The Yves penthouse is right at home alongside the luxury residences in nearby Hedges Avenue, offering 335 sqm of interior living space plus an additional 71 sqm of private external living.

The expansive full-floor sky home comprises four bedrooms, MPR, study, 4.5 bath, and three car spaces, while boasting a coveted north-east aspect over the Pacific Ocean and the Gold Coast city skyline.

Yves is the third project launched by Hirsch and Faigen on the Gold Coast in recent years and comes on the heels of the success of the group&rsquo;s Hemingway project at Palm Beach and Emerson at Kirra.

[smartcode_project_cta: project_id=102451]

Brisbane and Gold Coast downsizers accounted for 70 per cent of the early sales



Yves, Mermaid Beach apartment sales rocket on launch

Woods Bagot are the latest architecture firm to showcases their designs in Broadbeach, crafting Bottega Property Group&rsquo;s 123 Old Burleigh Road development.

123OBR, made up of&nbsp;13 three and four-bedroom apartments, as well as a two-storey penthouse,&nbsp;has been designed with lifestyle in mind, utilising and adapting spaces within the home to create larger entertaining areas, while keeping the idealistic beachfront living at the forefront.

The 17-level building, described as vertically stacked verdant Queensland beach houses, is named after its location of 123 Old Burleigh Road, one row back from Broadbeach. Woods Bagot&rsquo;s lead designer David Lee says Bottega&#39;s open brief without parameters allowed them complete flexibility with how to define the site, which is where the series of vertically stacked verdant Queensland beach houses was born.

&ldquo;This unique approach to collaboration really allowed us to sequence the space in a way that allowed us to design residences like private homes,&quot; Lee says.

[smartcode_project:default project_id=31666 project_image_fid=184148]

&ldquo;The interior layouts of the homes are carefully separated into private sleeping quarters looking towards the Hinterland, and active and functional living spaces towards the ocean in the East.&rdquo;

123OBR apartments are designed to be multi-functional. The third bedroom or study is designed with large sliding panels to two of the walls, which when slid away, allow the room to become part of the larger verandah space, affording even more space to the area.

The resident amenity is located on level five, where there&#39;s the swimming pool and adjoining deck, a private dining room, lounge, and a gym.

[smartcode_project:default project_id=31666 project_image_fid=184162]

&ldquo;The core of the building has also been designed to afford more space to verandah, with the corners rounded to allow both ease of movement, and a greater opportunity to dwell within the space,&quot; Lee added.

The architecture of the tower is defined by sculpted, raft-like projections; articulated slab edges shaped to provide privacy, but still maintain views and amenity.

&quot;The bow-like shapes are a playful nautical reference, given the tower&rsquo;s proximity to the beach and ocean,&quot; Lee says.

[smartcode_project:default project_id=31666 project_image_fid=184193]

&quot;The &lsquo;bow&rsquo; motif is consistently expressed throughout the facade, and also forms the crown of the tower, capping the two-storey penthouse housed on levels 16 and 17. The roof peels away above the penthouse living area, forming a skylight that also emphasises the raft shape.

&quot;The shape of the &lsquo;bow&rsquo; provides opportunity for the incorporation of planters and greenery, with the position of the balustrade allowing for these elements to be accessed and maintained from the inside by residents.&quot;

[smartcode_project_cta: project_id=31666]

The 17-level building has been described by Woods Bagot as vertically stacked verdant Queensland beach houses

How Woods Bagot designed 123OBR, Broadbeach apartments

First home buyer numbers will likely drop in 2022 as many young Australians find themselves priced out of the hottest property market in decades, according to RateCity.com.au research director, Sally Tindall.

The forecast came after November saw the number of first home buyers rise.
 
After nine months of consecutive falls the number of first home buyer loans increased 1.9 per cent in November according to the ABS lending data.

But is still 28.5 per cent lower than the peak in January 2021.

The number of owner occupier first home buyer loan commitments sat at 11,622 buyers in November, down 17% on a year ago or down 2,442.
 
Owner occupier first home buyer loan commitments accounted for 29% of all owner occupier commitments (excluding refinancing).

“The number of first home buyers rose (in November) as NSW and Victoria came out of lockdown, but with average loan sizes ballooning, this is more likely to be a blip than a trend,” Tindall said.
 
“We expect first home buyer numbers will drop in 2022 as many young Australians find themselves priced out of the hottest property market in decades.
 
“Growth in property prices is starting to slow on the back of fixed rate rises and a crackdown by the regulator, but the opening up of borders this year will increase demand, keeping prices moving north.
 
“One X factor for first home buyers is the upcoming federal election. The government knows it has a housing affordability issue that needs to be addressed.
 
“To date, the government has only tackled this issue with piecemeal schemes. These band-aid measures might help some people into the market, but they do nothing to properly address housing affordability at its core,” she said.

The value of new loan commitments to owner occupied first home buyers rose to reach $5.38 billion in November. 

Canstar Group Executive, Financial Services, Steve Mickenbecker noted first home buyers were borrowing $56,000 or 13.7 percent more over the year.

After nine months of consecutive falls the number of first home buyer loans increased 1.9 per cent in November

2022 election promises could trigger boost in first home buyer activity 

Purchases by NSW owner occupiers came with mortgages sat at around $770,000, according to the latest lending data.

The national average mortgage size for owner-occupiers has reached a record high of $595,568 according to ABS data.
 
Records were broken in every state and territory except WA.
 
The national mortgage was up $92,404, an 18% hike over the year.

The November ABS Lending Indicators, released 14 January, advised the loans were for the purchase of new and existing dwellings. 

The national average mortgage size for owner-occupiers has reached a record high of $595,568 according to new ABS data out today.
 
Records were broken in every state and territory except WA, according to the ABS data in original terms.

Victorian home buyers saw the biggest jump in their mortgages, up 24% or $120,000 to $618,602.
 
Average new owner-occupier mortgage size, November 2021
 
Amount Year-on-year change
National 
$595,568 $92,404 18.4%
NSW
$769,459 $125,112 19.4%
Vic
$618,602 $120,032 24.1%
Qld
$513,649 $73,604 16.7%
WA
$439,578 $22,868 5.5%
SA
$421,801 $38,016 9.9%
ACT
$585,859 $58,434 11.1%
TAS
$445,915 $73,175 19.6%
NT
$433,333 $53,271 14%

"Demand for Aussie housing remains firm, but affordability has decreased because home prices have surged more than wages," Ryan Felsman, senior economist at CommSec noted.

“In November housing stock was high and the country’s two largest states were freshly out of lockdown, so it’s no surprise to see a rise in new lending," RateCity.com.au research director, Sally Tindall, said.

“Growth in property prices is starting to slow on the back of fixed rate rises and a crackdown by the regulator, but the opening up of borders this year will increase demand, keeping prices moving north," she forecast.

The data did not include refinancing, nor renovation loans.

Renovation loans surged by 18 per cent in November to a record $569 million. The value of lending for renovations is up by a massive 115 per cent on a year ago.

Canstar analysis showed Australian mortgage holders refinanced $15.72 billion worth of loans to a new lender in November 2021, down 2.3% from October. 

Lender records were broken in every state and territory except WA, according to the ABS data 

How home loan mortgages rose in 2021 to record levels

It was a stellar 2021 for the Gold Coast apartment developer, S&amp;S Projects.

They sold out Awaken, their Rainbow Bay project of just nine apartments, with a top sale of $8.15 million secured for the penthouse, which was bought by a US couple.

Their nearby project, Esprit, is over 80 per cent sold, and there are plans already on the desk of the Gold Coast City Council for their next project, a rare mixed-use apartment and hotel development in Palm Beach.

Urban recently caught up with S&amp;S Projects director Paul Geddoun to discuss the Gold Coast apartment market.

JC: How did you view the performance of the off the plan market in 2021, and what are the strongest positive and negative factors that will influence outcomes in 2022 and 2023?

PG: 2021 saw an insatiable appetite for off the plan projects in premium locations.&nbsp;

Although the less premium project markets has been strong, the price growth has not been at the same level as premium projects. Sales volumes at record pricing in premium projects is unlike anything we have seen previously.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172129]

We expect the market to remain strong in 2022 and 2023 however the growth will not be at the same level as there was a little bit of catch up along with more limited stock which has driven these markets at these levels where there is no more projects available and increased competition which will slow the growth.&nbsp;

The negatives are that there has been a shortage in materials and labour due to border restrictions along with globally driven stimulus which has put excess funding into the market with international infrastructure upgrades for job creation to stem any recession fears as a result of Covid which has forced up the cost of construction which may cause some project issues. 
&nbsp; 
JC: What trend (short term or long term) has prompted your greatest enthusiasm for the apartment market, and what is the issue of most concern to you and or your clients?

PG: In general, real estate has seen great growth which has provided many with increased equity which has driven decisions for holiday homes and downsizing into apartments. The greatest concern in the near future is interest rates and people being overextended.

[smartcode_project:default project_id=102921 project_image_fid=172173]

JC: Has urbanisation stalled amid the rush to the regions and what will it look like over the decade ahead?&nbsp;

PG: I think urbanisation is strong with price growth and competition allowing developers to create better built form outcomes and develop sites in areas where the feasibilities once didn&rsquo;t allow it.&nbsp;

I think the future looks strong for many new areas that have been the recipients of this higher-grade development creating better urban areas.

[smartcode_project:default project_id=102921 project_image_fid=172175]

JC: How important do you view the push for sustainability practices in the apartment market, and what initiative has seized your interest or focus?&nbsp;

PG: There is a strong focus on sustainability, and this is being most represented in the fixtures and fittings being installed which are more efficient and it is also common practice to place as much solar on the roof of project to assist in the ongoing sustainability and costs of the operating buildings.

It was a stellar 2021 for the Gold Coast apartment developer, S&S Projects

"2021 saw an insatiable appetite for off the plan projects in premium locations." Five Minutes with Paul Geduon from S&S Projects

Queensland&#39;s Rainbow Bay has seen a holiday apartment resale when $3.8 million was paid in ARVIA, the Marine Parade complex of 17 apartments.

The three bedroom, three bathroom Coolongatta apartment with two car spaces was sold just before its December scheduled auction by Harcourts Coastal agent Katrina Walsh.

It occupies a half floor with 265 sqm space.

It was among the first apartments to be sold off the plan in 2016 at $1.65 million.

The latest sale equals the block&#39;s prior highest sale for higher whole floor spaces.&nbsp;

The complex has an 8 Star energy rating after its design by Ellivo for Aspect Property Group headed by Allan Larkin.

The company has been building apartments since 1989.

Its salt water pool is surrounded by luxuriant coastal native plantings at the address of 47 Eden Avenue, aka as 158 Marine Parade.

Coolangatta&rsquo;s Rainbow Bay latest development is for a 12-level tower on the bay&rsquo;s high ground, close to the Greenmount Resort.

It is being proposed by local developers Chapter Two in partnership with Kingbella Group.

The partners have secured a 1924 sqm site amalgamation at 44-50 Eden Avenue with plans for a 12-storey development comprising 86 apartments.

There is also a forthcoming proposal by Rob Steer&rsquo;s Steer Developments to undertake a $50 million redevelopment of the Ashmore Steak and Seafood restaurant site.

Brisbane architect Joe Adsett is planning a 13-floor tower, Rockpool, next to the Greenmount resort.

[smartcode_project:default project_id=94018 project_image_fid=169982]

Urban reported the quick sell-out of Adsett&#39;s Rockpool by Rainbow Bay came without any need for marketing.&nbsp;

Paul Gedoun, the Brisbane developer with nearby towers Flow and Awaken, is marketing Esprit, that saw some $70 million in sales in its first weekend on the market.

[smartcode_project:default project_id=102921 project_image_fid=172129]

Urban reported last September that around three quarters of the initial buyers in the S&amp;S Projects were local owner-occupiers, with around 30 per cent coming from Sydney and Melbourne.

Melbourne developer BeckDev&#39;s Palais Coolangatta is proposed as the redevelopment of the <a href="/news/qld/beckdev-set-for-palais-coolangatta-apartment-development">old Jazzland Dance Palais on a 2,355 sqm McLean Street site</a>.

It will see 175 one, two and three-bedroom apartments built, as well as resident facilities and a street-level plaza with retail space.

The latest sale equals the Arvia block's prior highest sale for higher whole floor spaces

Arvia, Coolongatta apartment resale highlights southern Gold Coast market strength

A penthouse apartment in the Hamilton Island complex, Pavillions, has sold for $8.5 million, the highest known sale price of a holiday home apartment over summer.

Selling for the first time in 17 years, the 580 sqm penthouse, is on the doorstep of Hamilton Island Marina, in the exclusive gated complex at 10/1 Airport Drive.

It comes with two wings, located off the central entertaining hub of the kitchen, living and dining area.

To the right is a master suite, complete with his and hers vanities and a freestanding stone bath in the ensuite. The left wing has a further three bedrooms, each with ensuites.

There are two living areas, one that opens to the swimming pool and takes in the views, another currently operating as a games room. There&rsquo;s also a home office and a wine cellar-style storage room.

Hamilton Island Real Estate agent Lynn Milsom secured the sale of the fully furnished apartment, which came with a marina berth for a 25 metre vessel.

Milsom also secured the recent $3,950,000 sale of a villa at 8/23 Front Street.

The yacht club villa 8 is came with four bedrooms and four bathrooms.

Hamilton Island is located just off the Queensland coast in the heart of the Great Barrier Reef.

Hamilton Island secures summer's priciest holiday apartment sale

With Sydney&#39;s luxury market proving resilient, many buyers are seeing the benefit of downsizing to a high-end apartment development at an affordable price.

Sydney luxury real estate prices are expected to surge by nine per cent this year, according to Knight Frank&rsquo;s Prime Global Forecast.

With many making the move to the unit market as a result of growing housing prices, buying from a developer with a track record and long-term commitment to delivering quality projects has become all the more important for aspiring investors.

Below are four of the best downsizer developers delivering residences in NSW that you should keep an eye on in 2022.

<h2>1. Fortis</h2>

Inspired by a shared passion for excellence, Fortis has continued to grow its portfolio under the instruction of Patrick Keenan, Dan Gallen and Charles Mellick, since its inception in 2016.

Partnering exclusively with leading architects, designers and builders, Fortis boasts a portfolio exceeding $276&nbsp;million in successfully completed projects.

The group recently launched their latest NSW development in Neutral Bay, set to reach completion in late this year. &nbsp;

Nestled at the end of a quiet cul-de-sac, Colindia boasts seven residences with expansive terraces, panoramic views and minutes from popular restaurants, caf&eacute;s and bars.

[smartcode_project:default project_id=90627 project_image_fid=188114]

Designed by PBD Architects, the development comprises six half-floor residences crowned by a full-floor penthouse, while more than 40 per cent of the site features landscaped gardens.

Fortis&rsquo; new developments due for completion in the coming years have been valued at over $2.2&nbsp;billion.

This year Fortis will launch their Mona Rd, Darling Point project, as well as their first apartment development in the blue chip suburb, Point Piper.

<h2>2. Sun Property Group (SPG)</h2>

Launched in 2010, Sun Property Group has spent over 10 years producing and delivering quality residential and mixed-use property developments across Sydney.

Led by Wayne Sun, the company has primarily focused on Sydney&rsquo;s affluent Lower North Shore area.

Currently the team at SPG, who has also just ventured in to the luxury Melbourne apartment market, are selling The Ashton, a collection&nbsp;of just 13&nbsp;apartments on Mosman&#39;s Spit Road.

Designed by A+ Design Group, Ashton was the winner of the Sydney Design Awards 2020. It was named after the artist and teacher Julian Ashton and&nbsp;features Hamptons-inspired interiors, rooftop gardens and ground-floor commercial space.

[smartcode_project:default project_id=29139 project_image_fid=82420]

Two of SPG&#39;s most recent projects heading in to 2022 are Bala in Neutral Bay and&nbsp;Aurora in Willoughby.

Bala, which comprises 19 two and three-bedroom apartments&nbsp;in Neutral Bay, was another winner for SPG in the 2020 Sydney Design Awards.

[smartcode_project:default project_id=9801 project_image_fid=82431]

<h2>3. Abadeen Group</h2>

The Sydney developer, Abadeen Group, founded and led by the long-time CBRE Residential Projects chairman Justin Brown, is one to watch for 2022.

Founded over two decades ago, the development group has an established track record with over $1 billion in projects.

A recent partnership with the private equity real estate investment group Phoenix Property Investors will see them deliver&nbsp;a string of boutique residential apartment projects in Sydney over the next five years.

Among its current projects is Koyo, a Koichi Takada-designed development in Crows Nest, and its sister project, Enso, located in Neutral Bay slated for completion in 2022.

[smartcode_project:default project_id=109005 project_image_fid=186099]

A boutique collection of 27 apartments in the heart of Crows Nest, Koyo will deliver 18 three-bedroom apartments, seven two-bedroom apartments and two one-bedroom apartments.

The development group will see 31 apartments and five restored historic terraces completed at its Brighton Le Sands project, Seychelles.

[smartcode_project:default project_id=109005 project_image_fid=186099]

<h2>4. Dare Property Group</h2>

Another downsizer developer that investors and buyers should watch this year is Dare Property Group, led by the prolific Sydney developer&nbsp;Danny Avidan.

&ldquo;Dare Property Group was created to fill what I saw as a glaring gap in Sydney&rsquo;s prestige real-estate market. At the time I left the fashion industry after 25 years, the words &lsquo;designer&rsquo; and &lsquo;off-plan&rsquo; had not truly been recognised. I intended to change that&rdquo;, Avidan said.

Since it was established in 2019, Dare has grown to one of the most visionary property development brands in Sydney, with previous developments including The Carlton at Vaucluse and Bronte Place.

The luxury eastern suburbs development, Kalypso Tamarama, is slated for completion this year.

The most anticipated development by Dare in 2022 will be the&nbsp;Piper House collaboration with&nbsp;Fortis, which will offer 20 homes on a 2,000 sqm site in the blue chip Point Piper.

Piper, which stands on the northern side of New South Head Road and wraps around leafy Wunulla Road, will be available for purchase this year.

Sydney luxury real estate prices are expected to surge by nine per cent this year, according to Knight Frank’s Prime Global Forecast

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News