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?

In the last few years Ormond, the small, near Bayside suburb, has grown to become one of Melbourne's most sought-after areas.

On the fringes of Brighton and Caulfield, Ormond is well connected to the rest of Melbourne through extensive bus&nbsp;and train network, as well as&nbsp;access to major road networks.

The small pocket in the Glen Eira district has grown substantially, and is&nbsp;now brimming with&nbsp;bustling retail precincts, extensive amenities and education options, as well as having many spacious public parks and gardens, and of course its proximity to Brighton Beach.

Ormond came to life more than 150 years ago, growing with the nearby CBD while still maintaining its community charm of a Bayside lifestyle.

Set to take advantage of the growth in the suburb is Walsh Grange, a contemporary collection of just 23&nbsp;apartments, developed in a joint venture between CQ Property Development and Loi Projects.

[smartcode_project:default project_id=108897 project_image_fid=180976]

A short stroll from Ormond Station, Walsh Grange offers one, two and three-bedroom residences, designed by&nbsp;local architecture firm Telha Clarke.

Named after its corner location bordering Walsh and Grange Street, Walsh Grange&nbsp;has been designed to deliver the security of community and the comfort of a private, premium residence.

It puts residents near Ormond's own&nbsp;shopping precinct, as well as&nbsp;&nbsp;takes advantage of a number of nearby shopping strips, including Carnegie,&nbsp;Bentleigh&nbsp;and Caulfield.

The Chadstone Shopping Centre, with more than 500 stores and boutiques, is one of Australia’s largest retail experiences, alongside a range of medical, financial and entertainment amenity, there’s a multitude of restaurants and cafes serving an impressive diversity of international and local dishes. That's just 10 minutes away.

&nbsp;

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Families can find many of Melbourne’s finest schools within proximity to the development, with private schools like Kilvington Grammar, to state schools like&nbsp;<a href="/new-apartments/bentleigh-vic-3204">Bentleigh</a>&nbsp;Secondary College and McKinnon Secondary College. The jewel in the crown is its close proximity to Monash University, one of Australia’s top tertiary institutions.

Within ten minutes you can find yourself by the bay at North Road foreshore where there is a beach side bike path stretching around the southern bay for kilometres.

&nbsp;

[smartcode_project:default project_id=108897 project_image_fid=180973]

Playgrounds, parks, sporting grounds and facilities, gardens, pools, bike paths and trails, Walsh Grange is surrounded by an incredible array of public outdoor spaces and activities.

It’s key to what makes Walsh Grange in Ormond such a hidden gem – an impressive collection of residences expanded by convenient amenity and places to enrich your life.

[smartcode_project_cta: project_id=108897]

Ormond came to life more than 150 years ago, growing with the nearby CBD while still maintaining its community charm of a Bayside lifestyle.

Stepping Out: What's around Walsh Grange in Ormond 

Future residents of apartments in the Moorabbin apartment development, Omnia, are set to score a surprise bonus when the development is completed in late 2022.&nbsp;

The City of Kingston Council&nbsp;has announced they are&nbsp;to expand&nbsp;the current&nbsp;Healey Street Reserve pocket park to a larger space, after recently securing 2 Horscroft Place, literally next door to the under construction Omnia apartment development, now over 50 per cent sold.

The new green space will feature open lawn areas, murals, tables with seating, and extensive landscaping with canopy trees. The new design&nbsp;incorporates water-sensitive Urban design principles&nbsp;and will also see the council plant new street trees.

[smartcode_project:default project_id=29048 project_image_fid=179248]

Noorden Property agent Daryl Wilkinson, who is handling the sales of Omnia, said the park extension is a great initiative by the City of Kingston Council.

&quot;It will certainly add a lot of value to the area,&quot; Wilkinson said.

The new park is due for completion in February 2022, well before Omnia is due to completion.

&quot;Buyers have already shown their interest for the green spaces associated with Omnia&#39;s surrounds,&quot; Wilkinson said, adding that buyers who have already purchased, as well as potential buyers, are excited at the prospect of further green areas.

[smartcode_project:default project_id=29048 project_image_fid=179239]

&quot;Landscaping and open space near where you live is an important factor when considering buying an apartment in the modern world, with working from home trend set to continue and the pet-boom meaning residents want to live near parks.&quot;

Omnia has just 34 apartments, designed to be larger than the average apartment offering on the market. There&#39;s a mix of one, two and three-bedroom apartments, as well as eight townhouses.

[smartcode_project:default project_id=29048 project_image_fid=179240]

Owner-occupiers have been the most popular buyer so far.

Noorden Property director David Lamond attributes this to the generously sized floorplans available at Omnia, ranging from 52 sqm to as large as 185 sqm, which are larger than what is typically on the market.

Some buyers have even bought side by side apartments and amalgamated, Lamond advises.

Developer Shenfield Property Group had Roger Brayshaw Architects design the apartments, which predominantly are north facing to capture the most natural light.&nbsp;

[smartcode_project_cta: project_id=29048]

Noorden Property agent Daryl Wilkinson, who is handling the sales of Omnia, said the park extension is a great initiative by the City of Kingston Council

How Omnia apartments in Moorabbin are set to take advantage of a rare new park

Hirsch &amp; Faigen&nbsp;has given Hutchinson the construction jobs for both its maiden Gold Coast apartment developments.

Hemingway, just off the sand at Palm Beach&#39;s,&nbsp;was the first local development for H&amp;F, led&nbsp;by the Melbourne lawyer Daniel Faigen and Richard Hirsch. The $75 million project sold out all of its 78 apartments within a few months of its launch earlier this year.

That was followed by Emerson, the $85 million luxury boutique block of just 27 apartments in the sought-after Kirra Beach area of Coolangatta. Hirsch &amp; Faigen are soon to launch their third development, Yves at Mermaid Beach.

Hirsch &amp; Faigen&#39;s next project, Yves, will see 146 apartment built across three 25-level towers at 7-9 Mermaid Avenue.

To read more about Yves and enquire, <a href="/news/qld/exclusive-first-look-hirsch-faigen-lodge-plans-for-mermaid-beach-apartment-tower-yves">click here.</a>

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&ldquo;We&rsquo;re delighted to have the team at Hutchies on board, given their prestige reputation for delivering the highest-class projects across not only the Gold Coast but all of Australia,&rdquo; Daniel Faigen said.

&ldquo;These projects aren&rsquo;t your standard class apartments, so it was important to us that we found the right builder who would execute Rothelowman&rsquo;s design flawlessly, and we have every confidence that Hutchies are the perfect fit for the job.&rdquo;

Construction of the 14-level Hemingway, named after the famous author and featuring a distinct blush fa&ccedil;ade, is due to commence construction next month, with a completion date of around September 2023.

Hutchies will begin building Emerson, which only has six apartments left to sell as well as the $8 million penthouse, in February 2022. That will rise 13 levels when completed around October 2023.

[smartcode_project:default project_id=106646 project_image_fid=184795]

&ldquo;We couldn&rsquo;t have asked for a better reception to the Gold Coast market, it&rsquo;s strengthened our commitment to this piping hot property pocket, and we look forward to seeking out further opportunities on its shores,&rdquo;&nbsp;Faigen added.

&ldquo;With a remarkable sales run behind us, we are looking forward to shifting into construction mode and witnessing the first glimpse of Hirsch &amp;&nbsp;Faigen excellence rise out of the Gold Coast earth.&rdquo;

[smartcode_project_cta: project_id=106646]

“We’re delighted to have the team at Hutchies on board, given their prestige reputation for delivering the highest-class projects across not only the Gold Coast but all of Australia."

Hirsch & Faigen appoint Hutchinsons to build Gold Coast apartments at Kirra's Emerson and Palm Beach's Hemingway

The landmark City Tattersall Club, in the heart of the Sydney CBD, has been given the greenlight to convert the building in to a 50-storey mixed-use tower.

At the helm of the project is the Melbourne-based ICD Property, who will develop the project alongside the Singapore-listed First Sponsor.

The Central Sydney Planning Committee issued formal approval this week for the plans by the local architect, BVN Architecture. The local architecture firm, fjmt studio, will&nbsp;oversee all heritage design aspects of the redevelopment, highlighting the building’s&nbsp;historic features and the design of the City Tattersalls Club’s interiors.

The affectionally known "City Tatts Club", at 194-204 Pitt Street, will be&nbsp;revitalized,&nbsp;with upgrades to the Club’s heritage ground floor including new ground floor retail and restaurants, an upgraded lower bar and grill, a state-of-the-art commercial wellness centre, new bars and sophisticated lounge areas, event spaces, and an innovative co-working club.

[smartcode_project:default project_id=12428 project_image_fid=152518]

A podium will be built&nbsp;on top of the existing heritage floors, with a tower above comprising a 101-room hotel and 241 high-end residences.

ICD Property Managing Director Matt Khoo said it was a "huge honour" to be handling the project.

“To be able to redevelop the City Tattersalls Club, one of Sydney’s longest standing institutions, and preserve that rich history for future generations to enjoy, is a huge honour,”&nbsp;Khoo said.

[smartcode_project:default project_id=12428 project_image_fid=152515]

“Developing new residences in the very heart of Sydney’s CBD, surrounded in every direction by the city’s best shopping, dining, and entertainment precincts such as Westfield Pitt Street, Haymarket, Darling Harbour, Hyde Park, China Town, and Circular Quay – is also not something you see every day.&nbsp;

"We could not be more excited by this rare opportunity.”

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In response to securing approval for their first Sydney development project, First Sponsor’s Group CEO Neo Teck Pheng said the location of the City Tattersall Club is one of the most sought-after in the country.

“We have always been attracted to the Australian property market which has seen stable, long-term growth and a particular uptick in the residential sector within the last 18 months," Pheng said.

"The City Tattersalls Club redevelopment was particularly appealing due to its location in what is arguably the most highly sought-after real estate location in the whole of Australia, as well as the hands-on partnership with ICD Property whose collaboration and local knowledge has been extremely valuable to guiding this project forward.”

The premium apartments occupying the top floors of the tower will offer views over Sydney’s city skyline and harbour and give residents exclusive access to premium amenities including a number of multi-purpose rooms, private dining lounges and a luxurious outdoor deck with BBQ and entertainment rooftop facilities.

Apartment are expected to launch to the market in Q2 2022, with construction expected to follow soon after in the middle of the year.

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney">To keep up to date with the development and its launch, enquire here</a>

ICD Property Managing Director Matt Khoo said it was a "huge honour" to be handling the project.



Sydney's City Tattersall redevelopment gets sign off for apartment and hotel project

Stockland has put the first Green Star home to be certified by the Green Building Council of Australia (GBCA) on the market at Stockland Waterlea.

It is in the masterplanned community in Rowville in south-east Melbourne. 
&nbsp; 
Launched by the Green Building Council of Australia (GBCA) in August 2021, Green Star Homes is a new national standard to certify homes that meet healthy, resilient and climate positive criteria.&nbsp;

[smartcode_project:default project_id=21554 project_image_fid=61153]

Green Star Homes are designed to be highly energy efficient and powered by renewables. 
&nbsp; 
The Green Star Home, which will be finished around mid-2022, is a contemporary, architect-designed double-storey townhome. 
&nbsp; 
Ben Cantwell, National General Manager, Development Communities &ndash; Built Form, said it is fitting that the first &lsquo;Designed As&rsquo; Green Star certified home is at Stockland Waterlea, as it is one of the most sustainable residential developments in Australia having achieved a 6 Star Green Star Community rating in 2017.

[smartcode_project:default project_id=21554 project_image_fid=61165] 
&nbsp; 
&ldquo;Designed to achieve a 8.2 Star NatHERS rating, the all-electric Green Star Home will take this a step further, maintaining comfortable temperatures year round with even less reliance on heating and air conditioning to dramatically reduce the residents&rsquo; cost of living and environmental footprint,&rdquo; said Mr Cantwell. 
&nbsp; 
Many of the Green Star Home&rsquo;s innovations will be highly visible, like the uPVC double-glazed windows, which will insulate the home by keeping air tightly sealed within the household system.&nbsp;

[smartcode_project:default project_id=21554 project_image_fid=61154]

Other built-in innovations include the slab-edge insulation, a rigid foam insulation surrounding the home&rsquo;s concrete slab which prevents both heat loss and internal condensation that could lead to mould. The home is also designed to be draught-proof, while a Heat Recovery Ventilation (HRV) system will provide the house with filtered air. 
&nbsp; 
Stockland will assess the house&rsquo;s performance for two years.

Many of the Green Star Home’s innovations will be highly visible, like the uPVC double-glazed windows

jchancellor-FAypfDUnLy

Stockland's greenest townhouses set for Waterlea masterplanned community in Rowville

The CommBank has forecast home price growth will moderate during the first half of 2022, peaking in late 2022 at around 7% higher than at the end of 2021.

Then in 2023 CBA predicts an &quot;orderly correction&quot; of about 10% which will come as CBA economists expect the Reserve Bank of Australia to normalise the cash rate to 1.25% by the third quarter of 2023 from from its current record low of 0.1%.

&quot;The Australian housing market is in the twilight of an incredible boom that has been fuelled by record low mortgage rates,&quot; said Gareth Aird, CBA&#39;s head of Australian economics.

&quot;The phenomenal lift in prices is not over yet given dwelling prices are still rising briskly in most capital cities.

&quot;But near term indicators of momentum coupled with the recent move higher in fixed rate mortgages suggest that conditions will moderate from here.

&quot;Interest rates become a headwind on property prices if they are rising. That is the place we believe we are moving towards over the next two years given our expectation for the RBA to commence normalising the cash rate in late 2022.&quot;

The price growth moderation and fall will follow huge price growth in 2021 with the bank suggesting home prices in Sydney will post a 27% jump and Melbourne a 17% rise in property prices in 2021.

Nationally house prices this year will rise 25%, compared with a 14% for apartments, CBA predicted.&nbsp;

But in 2023 apartment prices are forecast to decline 7%, less than the expected 10% drop in house prices, it forecast.

Around half of new lending was at fixed rates in October, recent data advised.&nbsp;

The 10% fall forecast by CBA is higher than ANZ&#39;s recent prediction of a 4% drop.

The Australian housing market is in the twilight said Gareth Aird, CBA's head of Australian economics

2022 to see slower price growth before 2023 housing price fall: CBA

A quarter of Australians have considered buying property with a ‘non-traditional’ partner including parents, siblings or friends, according to research from CommBank.

Affordability was the main driver, followed by the hope of buying a bigger/better property and spreading the financial risk if anything went wrong.

Commonwealth Bank’s Executive general manager of home buying Dr Michael Baumann said while rising house prices build wealth for incumbent owners, they also pose affordability challenges to first homebuyers looking to enter the market, and those looking to sell and upgrade. 

One in 10 respondents in the survey didn’t know it was possible, Baumann noted.

The data found that while price is the biggest barrier to entry for potential property buyers, it is also the biggest incentive – with over 60 per cent saying they are worried about being priced out of the market.

"Australians also feel pressure from friends and family, with 44 per cent of those property buyers who admitted to feeling pressure saying that the push comes from friends/colleagues who have already bought and parents/family who want them to buy," he said.

Pressure to buy combined with rising property prices has resulted in more than one third of Australians (37 per cent) to consider moving interstate/to a regional town to buy property in search of more affordable options that require less compromise on proximity to work or size of property.

CommBank has a Property Share borrowing option where co-owning borrowers guarantee each other’s home loan as security. 

Baumann said it was an innovative lending solution that help more get on to the property ladder.

“Property Share is a little known feature among customers but with growing challenges around housing affordability, it may be appealing to customers who are looking for new ways to be able to afford a property given the current market conditions.

"Property Share is another way we are helping customers who are struggling to save for a deposit by enabling them to split the cost of buying a house with friends or family while keeping their finances, ownership and repayments separate.

"Property Share gives borrowers the ability to support one another into the same property while providing confidence and protection of separate financial obligations."

Borrowers must guarantee each other’s home loan as security

CommBank puts co-owning on the home borrowers' agenda

Aniko Group has been changing the face&nbsp;of Hope Island over the last few years.

And the developer, led by boss George Mastrocostas, are continuing their development of the Gold Coast island, with sign off from the council for a $52 million gated townhouse project at 31-35 Grant Avenue.

The development, dubbed No.35 Grant Avenue, will see 48 townhouses developed, as well as 10 waterfront duplex villas,&nbsp;designed to reflect upmarket city-inspired living. The project will centre around an expansive park precinct with walkways and gardens.

Aniko is also preparing to submit an application for marina berths which will be available for sale.

&ldquo;It&rsquo;s incredibly rewarding to play a key role in Hope Island&rsquo;s luxury revitalisation, and with the approval for No. 35 Grant under our belt, we can now look towards the next chapter in the precinct&rsquo;s evolution,&rdquo; Mastrocostas said.

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&ldquo;It&rsquo;s a responsibility we don&rsquo;t take lightly, and we&rsquo;re particularly excited to be bringing a landmark touch of modern luxury to this waterside pocket with a design unlike anything the area has seen before.&rdquo;

The focus for Aniko, in the post-covid world, was to offer a large floorplate. Each townhouse has three bedrooms and a multi-purpose room, designed to be transformed in to home offices.

&ldquo;It was important for our residences to be reflective of modern lifestyle trends, so the space to set up a fully functional home office was something that immediately stood out to us,&rdquo;&nbsp;Mastrocostas added.

No. 35 Grant Residences will feature a range of state-of-the-art amenities, including a swimming&nbsp;pool with sunbeds and outdoor showers, a communal herb garden, barbeque facilities and a fire pit.

[smartcode_project:default project_id=95316 project_image_fid=184674]

&ldquo;If there&rsquo;s one commonality that we&rsquo;ve witnessed across our latest string of sales, it&rsquo;s that there&rsquo;s no end in sight to the demand for sophisticated waterfront living in Hope Island,&rdquo;&nbsp;Mastrocostas said.

&ldquo;We&rsquo;re eager to get this product to market and to fill the void that is being noticed by so many savvy local buyers who have a strong awareness of Hope Island&rsquo;s value and appeal.&rdquo;

The townhouses will be the latest of four major projects in the pipeline for Hope Island by Aniko Group, which has been progressively transforming the Hope Island landscape over the past two years.

Just around the corner, Aniko&rsquo;s Athena residences recently notched up 60 per cent sold just three weeks after its official launch. Their $140 million development, No.1 Grant Avenue, sold out earlier this year. That&#39;s&nbsp;due to reach completion on its stage two&nbsp;construction next month.

[smartcode_project_cta: project_id=95316]

Aniko is also preparing to submit an application for marina berths which will be available for sale

Aniko Group get green light for Hope Island townhouse development, No.35 Grant Avenue

The Sydney-based developer Iris Capital is getting closer to unveiling its debut $800 million Gold Coast apartment development, Victoria &amp; Albert Broadbeach.

The two towers, designed by DBI Architects over a subtropical recreational podium,&nbsp;will home over 400 apartments, two levels of premium offices and commercial facilities and a fresh food and dining retail on the street level.

Designed for&nbsp;the coastal environment, V&amp;A will comprise a mix of one, two&nbsp;and three-bedroom apartments on the lower levels,&nbsp;while the upper residences will offer a mix of three-bedroom apartments,&nbsp;with both towers topped by sub‐penthouses and penthouses.

Both towers offering an elevated recreational podium with a 25m lap pool, a gym, a yoga deck and resident’s lounge as well as kid’s area, a zen garden, an outdoor dining and BBQ facilities.

[smartcode_project:default project_id=107928 project_image_fid=178909]

Both will also feature&nbsp;top floor owners-lounges complete with dining, yoga room, offices and views across the Gold Coast skyline.

Colliers’ Director Residential David Higgins says there is an air of anticipation for the launch of the first major apartment project in Broadbeach for the last five years.

Higgins said V&amp;A Broadbeach would create the first high end residential, retail and culinary precinct in central Broadbeach since the Oracle towers more than a decade ago.

“Currently Broadbeach has plentiful luxury full floor and half floor 3 bedroom plus apartments on the market very offer a choice of 1,2,3-bedroom apartments with access to leading luxury amenity”, he says

[smartcode_project:default project_id=107928 project_image_fid=184936]

“Historically Broadbeach has had a very strong family market, but this has dissipated in recent years. However, we believe the opening of the borders will bring this market right back into the frame.

“We’re looking to introduce a mix of product right in the heart of Broadbeach that attracts the family buyer, luxury downsizer and investors looking for solid returns as the Gold Coast grows out of the Covid lockdowns.

“The project scores a 10 out of 10 for walkability located in the heart of Broadbeach in walking distance to the light rail, the casino, convention centre, the restaurant precinct and the beach and will bring a new type of residential apartments to the market that we have not seen for some time.”

Iris Capital,&nbsp;founded and led by entrepreneur Sam Arnaout, has extended its reach over the past decade to become a developer of high quality integrated residential and mixed-use developments.

[smartcode_project:default project_id=107928 project_image_fid=184935]

The company now holds&nbsp;$3.5 billion enterprise value, having significantly expanded its footprint over the past year through the acquisition of 17 Ibis hotels from AccorInvest.

“We are no stranger to large scale projects and have built a reputation on our ability to deliver transformative developments that add remarkable value to their broader community,”&nbsp;Arnaout said.

“The Broadbeach precinct is primed for a rebirth, and we are thrilled to be creating a pillar of the community to connect the next generation of Gold Coast locals to the idyllic beachside dream.”

[smartcode_project_cta: project_id=107928]

The two towers, designed by DBI Architects over a subtropical recreational podium, will home over 400 apartments

Iris Capital's $800 million Victoria & Albert, Broadbeach apartments set for launch

Prospective buyers at the recently completed Glen Waverley apartment development, Sky Garden, will be able to stay in a furnished apartment before committing to a purchase.

The &#39;Try Before You Buy&#39; initiative&nbsp;offers two nights in a different selection of apartments&nbsp;above The Glen Shopping Centre, which has recently undergone a $430 million redevelopment.

Buyers will have access to all amenities of Sky Garden, including the swimming pool, gym, library and mahjong room. They will also have the same&nbsp;booking privileges as residents, with the ability too book out&nbsp;the private dining room or movie theatre.

Sky Garden, designed by Rothelowman, gets its name from its&nbsp;4,000 sqm outdoor podium garden complete with a relaxation zone, entertainment lounges, vegetable gardens, children&rsquo;s play area and outdoor fitness areas.

&nbsp;

There will be six different configurations on offer to stay in, allowing residents to literally live in the apartment they could buy.

[smartcode_project:default project_id=2881 project_image_fid=184590]

Golden Age Sales and Marketing Director Dandan Zhao said buyers are often hesitant to buy an apartment if they are conditioned to living in a house, but once they try it, it provides them a new perspective.

&ldquo;We had the parents of a purchaser house-sit his two-bedroom plus study apartment while he was away for work and following their stay, they purchased a three-bedroom apartment and sold their house in Glen Waverley,&quot; Zhao said.

&ldquo;They always thought living in an apartment meant a compromised lifestyle but having experienced it for themselves, they were surprised at how convenient it was. They still have access to a garden to enjoy without the maintenance and everything they need is within easy reach.

[smartcode_project:default project_id=2881 project_image_fid=184594]

&ldquo;We want others to experience the benefits of living in an apartment firsthand as we believe it will help break down any misconceptions they may have,&rdquo; she said.

The idea was further cemented when a number of influencers enjoyed a complimentary stay at Sky Garden and after experiencing the amenities firsthand, enquired about available apartments.

To be eligible to partake in &lsquo;try before you buy&rsquo;, prospective purchasers must be close to making a purchase at Sky Garden.

[smartcode_project:default project_id=2881 project_image_fid=184593]

&ldquo;The initiative is for those who are close to making a decision but would like to trial living there before they fully commit; it also provides them with the option of trialing one floor plan and realising it&rsquo;s either too big or too small and to explore what else is available,&rdquo; Zhao added.

Located in Melbourne&rsquo;s Glen Waverley, Australia&rsquo;s largest air rights development to date was designed in collaboration with multi-award winning architect Rothelowman, with interiors by DKO Architecture and landscaping by Aspect Studios.

[smartcode_project_cta: project_id=2881]

Buyers will have access to all amenities of Sky Garden, including the swimming pool, gym, library and mahjong room

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