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?

Some 123 apartment and townhouse vendors across the nation took pre-auction offers for their weekend auction offers.

There were 273 sale results reported which prompted a 58% success rate.

Some 85 of the 341 listings were withdrawn amid the continued lockdowns in the three major auction markets, Sydney, Melbourne and Canberra.

The nation&#39;s top sale was in Brisbane when $1,855,000 was paid for a high-rise riverfront reserve apartment through Adcock Prestige.

The 11/10 Lower River Terrace, South Brisbane apartment had previously traded at $1.4m in 2007 in the Southbank Apartments complex.

There were five registered bidders for the three bedroom, two bathroom 180 sqm deceased estate offering.

Situated within the Dartford Tower, there are only three apartments per floor.

The corner apartment positioned on level five came with secure garaging for two vehicles.

A $340,000 townhouse sale in Melbourne&rsquo;s Thomastown was the nation&rsquo;s cheapest weekend result.

The one bedroom, one bathroom 2/32 Spring St offering had previously sold at $298,000 in 2011.

There had been a $340,000 to $370,000 price guide through Harcourts Rata &amp; Co.&nbsp;

It was a $320 a week rental offering in late 2019.

Sydney&#39;s dearest weekend sale was the two bedroom apartment at 8/3 Bassett Street, Mona Vale, which fetched $1,279,000.

CoreLogic calculated a 69% success rate for capital city houses from 910 results showing a $1.26m median.

CoreLogic calculated there was a national $981,500 median price for apartments and townhouses

jchancellor-FAypfDUnLy

$1.85m Brisbane sale tops 58% weekend auction success rate for apartments

The national construction index contracted severely in August, according to the Australian Industry Group/Housing Industry Association.

The indexes for activity, new orders and supplier deliveries &quot;dropped steeply into contraction&quot; in August, in response to lockdown restrictions in the construction sector in Victoria and NSW, and state border closures. 
&nbsp; 
The biggest drops were in the housing (down 14.4 points to 36.4) and commercial construction (down 11.6 points to 31.3) activity indexes.

The apartment building activity index rose by 13.3 points to 32.1 &ndash; but was described as &quot;still far from its expansionary state in June.&quot;

New orders fell sharply in August indicating serious contraction as customers showed less interest in joining waitlists for supplies.&nbsp;

Builders nationwide continue to report very high prices from suppliers and importers, with more builders saying they need to pass on these cost increases to their customers.

The employment index dipped just below 50 points in August (down 11.8 points to 49.0), indicating a pause in the jobs recovery underway earlier in 2021.&nbsp;

The indexes for activity, new orders and supplier deliveries dropped steeply into contraction in August

Apartment construction withstands severe industry wide lockdown contraction

Off-the-plan apartment sales are starting to recover, according to JLL's latest residential update.
 
The report noted some residual stock from the last cycle was still in some markets, so "it may prove difficult to push prices up, and such a move may stifle recovering sales rates."

Over the medium-term, a stronger than expected rebound in high-rise construction could potentially escalate cost pressures and become a larger risk to the viability and profitability of projects, it warned.

"Therefore, we expect to see increased hesitancy from developers in commencing construction, particularly smaller scale developers without many pre-sales, which in turn could delay the next supply cycle. 

"Nevertheless, low supply levels remain a positive factor that will help the market balance and support the medium-term outlook for the apartment market over the next few years," the report noted.

Apartment market conditions have improved in 2021 as investors return the market and look to capitalise on the strength of the broader housing market and rapidly growing prices. 

"Nevertheless, it has remained a tough development environment and few larger apartment projects have progressed to construction in any market in recent quarters. 

"Current lockdowns also mean the short-term outlook is now more uncertain, but over the medium-term it remains clear than demand is likely to outstrip supply once borders reopen and swing the balance towards under-supply and strong rental pressure."

Development across the rest of the residential sector had rebounded extremely strongly, it added.

The HomeBuilder and other first homebuyer incentives have seen a boom in detached house construction across Australia. 

"In addition, infrastructure construction has also been used as a stimulus measure not just in Australia but globally.

"This surge in demand has put stress on the availability of some trades and materials, contributing to escalating construction costs across all sub-sectors."

Several factors are influencing construction costs, but primarily it is the availability of materials and labour, it noted.

The closure of the borders has restricted the inflow of skilled, unskilled, and seasonal migrant workers to Australia. 

"While borders remain closed, labour shortages are increasingly likely to contribute to cost escalations, particularly as Australia approaches full employment.

"Furthermore, disruptions to global supply chains and the manufacturing of products used in the residential construction industry have also contributed to the higher cost of goods.

"Builders have reported very steep rises in timber prices, while apartment developers have been more affected by cost increases to steel, copper, and cement. 

"The cost of timber, board and joinery rose 3.9% in 2Q21, to be up by 6.4% over the year (ABS) (See Figure 1). Electrical equipment also increased 4.4% in 2Q20, while other metal products increased by 4% over the year.

"Cost management and maintaining the project schedule will increasingly become a trade-off that many developers will need to consider. 

"Some developers may opt to pivot into alternative materials to mitigate cost and time pressures."

Anecdotal evidence suggests this is already happening, with many builders opting to use steel, recycled timber, or other new non-traditional building materials. However, as more demand shifts, these alternative materials are also likely to witness an increase in cost and/or lead times over the short-term.

"Contract cancellations may increase as project viability continues to decline. 

"Anecdotal evidence suggests that some detached housing developers are already choosing to compensate buyers to terminate now unprofitable fixed-price construction contracts. 

"While apartment developers are likely to be much more hesitant to tear up contracts, we may see developers increasingly attempt to rescind contracts signed prior to these cost increases"

 

Over the medium-term, a stronger than expected rebound in high-rise construction could potentially escalate cost pressures and become a larger risk to the viability and profitability of projects

Buyers told next residential apartment supply cycle could be delayed: JLL

Compared to 12 months ago, national property listings are down 26%, with the biggest falls in Sydney, Hobart, Adelaide, Canberra and Brisbane.

Figures released by SQM Research reveal national residential property listings fell in August 2021 by 9.6% to 215,911 from 238,834 in July 2021.

It represents the lowest count of listings recorded by SQM Research since it begun its series in January 2010.

Louis Christopher, managing director of SQM Research said Sydney saw a 19.7% decline in new listings. 

"Older listings also had another monthly fall, indicating strong absorption rates across the country." he noted.

"Going forward we are cautious for the market given the likely economic damage as a result of these latest city wide closures," Christopher said.

Nationally, new listings (Less than 30 days) fell 7.8% over August 2021 to 65,948 properties on the market, though they rose 8% over the year. 

New listings dropped the most in Melbourne followed by Canberra, down by 31.2% and 21.2%, respectively. 

Over the year, new listings rose the most in Darwin, by 50.3% as they seek to take advantage of strong market conditions.

In a sign that older stock is clearing, property listings over 180 days dropped by 10.3% in August 2021 and they are down 53.2% over the year, with monthly falls posted recorded in all capital cities, led by Canberra.

The largest monthly falls in property listings in August were in Sydney, Melbourne and Canberra as the lockdowns in these cities disrupted the market

National August property listings hit lowest in more than a decade: SQM

Home buyers who accessed the Federal Government&rsquo;s HomeBuilder grant to buy a property at ALAND&rsquo;s Schofield Gardens developments have begun moving into the complex.

The HomeBuilder scheme allowed buyers to secure a one bedroom property in the Schofields development for $450,000.

The HomeBuilder scheme ran from June 2020 through May 2021 and provided eligible owner-occupiers, including first home buyers, with a grant worth up to $25,000 for newly built properties.&nbsp;

[smartcode_project:default project_id=29042 project_image_fid=165526]

The HomeBuilder scheme was introduced to help make the property market more accessible to first home buyers while also stimulating the construction industry in the face of economic fallout from the coronavirus crisis.

&ldquo;The government&rsquo;s HomeBuilder grant has meant that so many young people have accessed the property market who wouldn&rsquo;t have been able to otherwise,&rdquo; ALAND sales director Mark Bernberg said.

[smartcode_project:default project_id=29042 project_image_fid=165528]

&quot;Since the start of the government&#39;s HomeBuilder initiative, ALAND has been able to help at least 400 first home buyers achieve the Australian dream of owning their own home.&rdquo;

ALAND, which builds residential developments predominately through western Sydney, clocked a bumper year in sales last financial year, helped by the Federal Government&rsquo;s HomeBuilder grant.

Given the lockdown buyers have reported of not being able to shop for furniture, appliances.

ALAND, which builds residential developments predominately through western Sydney, clocked a bumper year in sales last financial year, helped by the Federal Government’s HomeBuilder grant



HomeBuilder grant recipients start moving into ALAND's Schofield Gardens

Developments across the country, particularly those in Melbourne, Sydney and Queensland, are gearing up for one of their busiest periods from the launch of spring in the lead up to Christmas.

Last December saw&nbsp;the pent up sales demand released, as face-to-face appointments became available again, and 2021 feels like deja vu, with the added driver that international borders may be open by Christmas, or not soon after.

That will bring in the next wave of buyers, the local and overseas investor, who have been sitting on their hands for the most of 2021 due to the lack of immigration to Australia.

Now with the expectation of international students, expats returning to Australia, and more flexible travel between states, experts believe sales across Australia&#39;s East Coast will jump during the final quarter of 2021.

Noorden Property director David Lamond&nbsp;says there are parallels between the lighter restrictions experienced in Victoria at the end of last year and what we expect to unfold this year.

&quot;There was pent up demand last year when Melbourne came out of lockdown in December. We&#39;ve survived economic collapse, and real estate as an asset class has been one of the safest bets over the last 18 months,&quot; Lamond says.

[smartcode_project:default project_id=29048 project_image_fid=151677]

&quot;Despite the ongoing lockdowns, Australia has still come out of the pandemic as one of the safest countries to handle the virus.&quot;

Lamond says that&#39;s only going to increase heading in to summer, with the recent announcement that borders are likely to open potentially as early as Christmas.

Ash Bramich, the sales and marketing manager at Pace Development Group, says that while&nbsp;Covid has affected many financially, there is still so many buyers who are either not affected or wanting to get on with their life, which can include investing, first home buying, upsizing and downsizing.

&quot;There is no doubt the market continues to surprise us,&quot; Bramich says.

&quot;Many experts forget that rising home equity, a strong share market and historically low rates has created significant wealth for many Australians. This, combined with FOMO and covid influencing factors,&nbsp;is fuelling demand in many housing markets.&quot;

[smartcode_project:default project_id=7211 project_image_fid=144443]

Bramich says a wide variety of demographics&nbsp;represent the off the plan market, with&nbsp;sales and anecdotal evidence strongly suggesting that first home buyers&nbsp;are coming back to the off the plan arena,&nbsp;as it starts to represent great value compared to the strong established market.

He says downsizers from an ageing population, as well as lifestyle/Covid factors, are driving strong demand for spacious owner occupier size apartments, preferably in boutique buildings with strong lifestyle/community and rich amenity.

&quot;Many are using left over proceeds and driving price gains in holiday hot spots, especially in Queensland and warmer climate markets.&quot;

Growland CEO Ronald Chan says the housing market is definitely warming up as we approach the release from lockdown.

[smartcode_project:default project_id=1187 project_image_fid=80711]

&quot;Our enquiries for Victoria Square and Neue Grand increased by 30\ per cent&nbsp;over the last two weeks,&quot; Chan noted.

&quot;Buyers expressed strong interest to inspect our display suite once one-on-one inspection is allowed.&quot;

Sales and anecdotal evidence is strongly suggesting that first home buyers are coming back to off the plan market, as it starts to represent great value compared to the strong established market.



Buyer demand expected to spike in count down from Spring to Christmas 2021

The Sydney-based developer Hansen Investment Group Australia (HIGA) has launched their loft apartment product in their contemporary $80 million East Sydney collection in Darlinghurst.

Easy Sydney, a rare new apartment building in the sought-after inner-city suburb filled with grand terraces and older apartment buildings, has been designed by the high profile design teams at&nbsp;MHNDU and Lawless Meyerson.

They&#39;re developing the five-level block of 27 on&nbsp;the site of the former Aston Martin dealership, with the heritage features being retained as part of the project.

There&#39;s been appetite from downsizers, given the location&#39;s proximity to the city.

[smartcode_project:default project_id=84775 project_image_fid=149609]

HIGA chose the site due to its location on the fringe of Hyde Park at&nbsp;22-38&nbsp;Yurong Street,&nbsp;which puts it in to the category of a 15 minute city, a term coined by&nbsp;French professor Carlos Moreno.

According to Moreno, each 15-minute city should fulfil six&nbsp;social functions&mdash;living, working, supplying, caring, learning and enjoying. It reduces residents&rsquo; environmental footprints by boosting green initiatives, creativity and wellbeing at a neighbourhood level and reducing travel, urban density, pollution and loneliness.

[smartcode_project:default project_id=84775 project_image_fid=149608]

The loft product, known as Stanley Lane Lofts, just off the hotspot Stanley Street, lined with bars and restaurants, will have&nbsp;mezzanine spaces,&nbsp;classic steel-framed windows&nbsp;and steel-framed kitchen islands, and terrazzo floors in the classic bathrooms.&nbsp;MHNDU has reimagined the original 1930s art deco saw-tooth warehouse, creating a canvas for living and entertaining. Lawless &amp; Meyerson have handled the interiors, complete with&nbsp;double-height spaces, exposing the warehouse&rsquo;s original steel trusses for a contemporary edge.&nbsp;

The one-bedroom loft apartments start from $1.65 million, and the two-bed plus study lofts are priced at $2.8 million. The entry level price for the one-bedroom apartments&nbsp;start from $1,275,000.

HIGA chose the site due to its location on the fringe of Hyde Park at 22-38 Yurong Street, which puts it in to the category of a 15 minute city, a term coined by French professor Carlos Moreno.



HIGA launch loft collection at East Sydney apartment development in Darlinghurst

Palm Beach, the in-demand suburb on the Gold Coast,&nbsp;&nbsp;is gearing up for another boutique apartment project, with the current supply&nbsp;of apartments well outstripped by the demand for the area.

The longstanding Gold Coast family and development company Chippendale Group, headed by fifth-generation family member and local businessman Daniel Chippendale,&nbsp;has received approval for the boutique development, Eva on Tenth.

The development of 48 apartments at&nbsp;1214-1220 Gold Coast Highway, in the heart of the emerging Palm Beach precinct and between Tallebudgera and Currumbin Creeks, has been designed by BDA Architecture, who were inspired by the natural landforms of the Burleigh Headland.

&quot;The architecture of the proposed development is minimal and hard-lined, with cantilevered concrete frames and a textured and timeless material palette of white brick, coloured concrete, timber screening and grooved panelling creating a rich and layered coastal effect,&quot; BDA&#39;s submission to the Gold Coast City Council read.

[smartcode_project:default project_id=108429 project_image_fid=193745]

Spanning nine levels, the project will home one, two and three-bedroom apartments, as well as four penthouses, each located on the top level. The penthouses&nbsp;will have three bedrooms, three and a half bathrooms, large balconies, and the best views of the Palm Beach skyline.

The product, a rare affordable proposition in an area littered with luxury apartments under construction and in the pipeline, starts from $475,000 for a one-bedroom apartment, $670,000 for a two-bedroom unit and $1.35 million for the three bedroom apartments, which also come with two car spaces.

The Chippendale Group were proactive in identifying the current trends in the market, requesting to the Gold Coast City Council to amend the approved plans, which had 28 one-bedroom apartments, 28 two-bedroom apartments and just the two three-bedroom apartments.

They were wanting to better meet the demands of the current market and reflect the local housing need in the area, so are now set for nine one-bedroom apartments, 23 two-bedroom apartments and 16 three-bedders.

Daniel Chippendale said that the inspiration behind Eva Tenth Avenue is about creating homes that allow others to share in the beauty of Palm Beach.

<img alt="" height="729" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/eva_location.jpg" width="1200" />

&ldquo;We&rsquo;re proud of our family history and wanted to reflect our legacy in creating a beautiful product to pay homage to the local area,&quot; Chippendale added.

&ldquo;My family has been here for generations and we have created many wonderful memories on the coast. We want to share a part of our family history with others to help them create their own memories.&rdquo;

Keenan &amp; Co agent Tim Keenan is marketing the project.

&ldquo;Eva Tenth Avenue is an excellent example of a perfect location combined with beautifully designed apartments. We also still believe the Southern Gold Coast is undervalued compared with other stunning beachside locations like Noosa and Byron Bay,&rdquo; Keenan said.

&ldquo;The development has been designed to complement the local area and is truly a unique project brought to life with a high level of thought and consideration for buyers to own their own slice of Palm Beach.&rdquo;

[smartcode_project:default project_id=108429 project_image_fid=193751]

The ground floor will have a pool, communal lounge area, gym, yoga lawn and a barbecue area, surrounding by lush sub-tropical landscaping.

About the developer

The Chippendale family extend their grass roots dating back generations on the southern Gold Coast, founding the Currumbin Vikings Surf Life Saving Club in 1919 and popular Australian honey brand Capilano Honey.

The family has been involved in gold coast property for decades, having built the first home in Currumbin in the early 19th century.

[smartcode_project_cta: project_id=108429]

Daniel Chippendale said that the inspiration behind Eva Tenth Avenue is about creating homes that allow others to share in the beauty of Palm Beach.



Chippendale Group set to launch new Palm Beach apartment development, Eva on Tenth

Hope Island, despite not being named after hope but instead&nbsp;colonial aristocrat Captain Louis Hope, remains one of Queensland&#39;s&nbsp;premier living and holiday destinations.

Hope Island is attracting every kind of buyer, from young families who are attracting to the local schools, to downsizers and retirees who want to live the lifestyle that Hope Island offers.

Investors, as well as first home buyers, have been interested given the price point of the apartments on the island in comparison to the houses, which have fetched upwards of $10 million in recent years.

Infrastructure is already well in place on the Island, with&nbsp;marina shopping and&nbsp;dining precincts,&nbsp;medical facilities, and three 18-hole golf courses. &nbsp;The Links Golf Club in particular is&nbsp;recognised internationally for its 18-hole championship design and multi-million dollar clubhouse.

Some other activities on offer include the nearby tennis centre,&nbsp;theme parks and diving attractions.

Hope Island also plays host to a bustling nightlife with some highlights being Georges Paragon, Boardwalk Tavern and The Verandah Bar.&nbsp;

New property&nbsp;on&nbsp;Hope Island however is becoming increasingly scarce, with only a limited amount of land left to be developed.

There&#39;s been huge demand due to the lack of supply for Peninsula Collection, the last stage of the The Peninsula Hope Island, a development by the ASF Group.

[smartcode_project:default project_id=22034 project_image_fid=170356]

They&#39;ve seen everything snapped up, from the blocks of waterfront land on offer, to a variety of townhouses.

Peninsula Collection is the last piece for ASF, comprising just 63 apartments&nbsp;designed by Archidiom.

The three-bedroom apartments, which have nearly 120 sqm of living space, start from just $565,000. The three-bedroom apartments&nbsp;rise to $780,000 for the 133 sqm apartments, which also include a study room.

[smartcode_project:default project_id=22034 project_image_fid=180034]

The biggest apartments on offer, with five bedrooms and four bathrooms, have nearly 180 sqm of living area and start from $1.28 million.

A limited number of the 5-bedroom apartments include a dual-key access option and many of the three-bedders come with a study integrated into the floorplan.

[smartcode_project:default project_id=22034 project_image_fid=170355]

Completion is forecast for 2023, with&nbsp;construction set to begin in a few months.

Residents will also have access to The Peninsula BBQ area and waterside gazebo beyond the Hope Island Resort offerings like a fitness centre and swimming pool.

[smartcode_project_cta: project_id=22034]

The best representation and offering of Hope Island living is the standout Hope Island Resort gated community, of which the Peninsula Collection represent the last apartments on offer

jordan_55689

Why Hope Island is attracting every kind of buyer

The ASX-listed ASF Group have released the final opportunity to buy in their unrepeatable gated Hope Island community, The Peninsula.

Peninsula Collection&nbsp;is the final instalment of apartments in the master-planned development on Harbourview Drive, which is located in the highly sought-after Hope Island Resort.

ASF has already sold out Peninsula Homes, a collection of 17 townhouses, Peninsula Residences, comprising&nbsp;40&nbsp;apartments, and Peninsula Terraces, just 22 terraces, which sit along side the Peninsula Collection.

The Peninsula Collection has 63 apartments, starting from a low $565,000 for the three-bedroom apartments. Since the official launch of Peninsula Collection last month, more than 10 apartments have already been snapped up

[smartcode_project:default project_id=22034 project_image_fid=170599]

They&#39;re likely to be popular with investors, particularly&nbsp;internationally, with Hope Island Resort featuring Foreign Investment Review Board (FIRB) exemption. This gives investors a global re-sale market for future capital returns seldom found in other developments in Australia.

The project is also&nbsp;offering a three-year rental guarantee of five per cent&nbsp;per annum, along with the option for&nbsp;property management services.

Hope Island apartments&nbsp;have seen 3.8&nbsp;per cent price growth per annum over the past 10 years, according to SQM Research. In the last 12 months, apartments have seen&nbsp;16.5 per cent growth.

This can be attributed to a number of factors, not least of which is shortage of supply.&nbsp;According to property consultants Urbis in 2019, The North Shore precinct, which includes Hope Island, was the most undersupplied market on the Gold Coast for apartment buyers. A situation which hasn&#39;t see much improvement until recently with five&nbsp;new apartment developments set for Hope Island.

Rental stock has also remained extremely tight on Hope Island.

The&nbsp;2032 Brisbane Olympics announcement is also backing up this data, ensuring&nbsp;investment from both private and public sectors&nbsp;upwards of hundreds of millions of dollars in infrastructure and more&nbsp;in the near and long term.

[smartcode_project:default project_id=22034 project_image_fid=172301]

Three-bedroom apartments in Peninsula start&nbsp;from $565,000,&nbsp;below the&nbsp;suburb median of $579,000, according to SQM.

Rents have also been on the rise with rental asking prices up 24.8 per cent&nbsp;in the past year and 4.4 per cent per annum for the past 10 years.

&#39;The Peninsula, as an exclusive gated community development on Hope Island Resort&#39;s unique river canal, is located within&nbsp;one kilometre of three golf courses, across the road from the Azzura Greens Resort and&nbsp;Links Hope Island Golf Club.

It&#39;s one of the closest new developments near the Hope Island Shopping Centre, reachable on buggy or foot.

[smartcode_project_cta: project_id=22034]

The Peninsula Collection has 63 apartments, starting from a low $565,000 for the three-bedroom apartments

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