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

Joel Robinson

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

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

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

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/6RNt3AvtBpI?si=JUhuCV2ZRXsYaoJZ" title="YouTube video player" width="560"></iframe>

Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

[smartcode_project:default project_id=149637 project_image_fid=351031]

For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Piper Townhomes is the latest release in AVJenning&#39;s Waterline Place masterplan&nbsp;in the Melbourne&nbsp;bayside suburb of Williamstown.&nbsp;

Located on Nelson Place, Piper comprises just 14 townhomes and terraces.

Set for completion in&nbsp;mid-2022, it is just one part of the 500 residences planned for Waterline Place.

Urban picked out 5 things we love about Piper:

[smartcode_project:default project_id=102256 project_image_fid=163751]

<h2>1. Developed, and designed by AVJennings</h2>

AVJennings is a leading residential property development company that has been part of the Australian landscape for more than 85 years.

With over 12,700 lots in its portfolio, the company has experience in home building, land development, pre-planned integrated housing and medium density activities.

Other projects by AVJennings include Parkside, a townhouse project in Queensland&rsquo;s Bethania.

[smartcode_project:default project_id=102256 project_image_fid=163750]

<h2>2. Designed for young families and rightsizers</h2>

The three-bedroom townhouses have been designed with young families and rightsizers in mind, with extensive storage spaces, larger full-height windows, and a living area that opens out to a room-sized balcony.

Piper Townhomes are low-maintenance and family-ready homes with flexible spaces and covered outdoor areas for alfresco entertaining.

Across the expansive living areas, bedrooms and bathrooms, the contemporary homes are bright, and bathed in natural light. The warm hues and textures are accented by crisp finishes like reconstituted stone bench tops and Smeg appliances in the kitchen.

Piper&nbsp;have a&nbsp;bluestone and angled roofline theme that mimics traditional local cottages and industrial buildings of the past, to blend in with the established architectural character of the area.

[smartcode_project:default project_id=102256 project_image_fid=163753]

<h2>3. Different designs and themes on offer across the townhomes and terraces</h2>

While the three-bedroom townhouses have been designed with with extensive storage spaces, larger full-height windows, and a living area that opens out to a room-sized balcony.

The smaller mid-row terraces&nbsp;feature vertical zoning and a planned layout which allows for natural light.

Four of the five townhomes sit on a smaller 125 sqm plot, with number 5 offering 184 sqm of space, similar to the nine terraces.&nbsp;

They offer two different colour schemes, Smoke, with a focus on darker brushed colours and Blonde, a&nbsp;lighter theme.

<h2>4. Location Location Location</h2>

Located within Hobson Bay, the area offers cafes, restaurants, supermarket, shops, swimming beaches and renowned boating clubs.

Residents are also close to Williamstown, Williamstown Beach and Newport train stations and 9km away from the city.

Take a tour of the area and&nbsp;discover the walking trails of Point Gellibrand Coastal Heritage Park or catch the cricket at the Williamstown Cricket Ground near Seaview Williamstown a breezy location for seaside events.

[smartcode_project:default project_id=102256 project_image_fid=163755]

<h2>5. One part of a masterplan that pays heritage to the suburbs Maritime history</h2>

The development references Williamstown&rsquo;s well-known local personality Richard Piper, the postmaster of the Williamstown Post Office during the mid-nineteenth century.

It is across the road from&nbsp;&nbsp;Gem Pier where residents can get a closer look at the HMAS Castlemaine, a ship museum indicative of Williamstown&#39;s tight naval connections.

[smartcode_project_cta: project_id=102256]

Set for completion in mid-2022, Piper is just one part of the 500 residences planned for Waterline Place

jordan_55689

Five things Urban love about AVJennings Piper Townhomes in Williamstown 

SQM Research has calculated the national residential rental vacancy rate remains tight at just 1.7% over the month of July 2021.

Meanwhile rents surged for yet another month in most capital cities and regions, Louis Christopher, managing director of SQM Research said.

The national combined weekly rent stands at $508 a week, which was up by 1.3% for the past 30 days to August 12 and up by what Christopher said was a "concerning" 13.7% for the past 12 months.

The total number of vacancies Australia-wide now stands at 61,313 residential properties, up from 60,468 in June.&nbsp;

Melbourne’s vacancy rate rose to 3.6% in July from 3.5% in June, while in Sydney vacancy rates dropped to 2.7% from 2.8%.&nbsp;

In Adelaide, Darwin and Hobart the vacancy rate remained below 1.0%, while Perth and Brisbane and Canberra rate remained constant.&nbsp;

Vacancy rates rose in the Sydney CBD to 6.1%, possibly reflecting the new lockdown.&nbsp;

[smartcode_project:default project_id=7758 project_image_fid=79424]

While rates fell again in the Melbourne CBD to 5.7%.

Over the month to 12 August 2021, national asking rents rose 1.3% for houses to $526 per week and units rose by 0.5% to $420 a week.

The national rise was driven by larger regional increases over and above the capital cities.&nbsp;

"SQM Research believes the new lockdowns may have triggered another wave of interest in regional living as many of the community seek freedom away from harsh Covid measures," Christopher said.

"Nevertheless, capital city rents also rose by 0.5% for houses over the past 30 days and are up by 8% over the past 12 months."

[smartcode_project:default project_id=3490 project_image_fid=150615]

Rents were flat for units for the past 30 days and up by just 0.7% for the past 12 months.&nbsp;

Rents for houses in some cities have recorded stunning increases over the year, with Brisbane up by 11.2%, Perth up by 12.9% and Darwin up by 25.3%.

“Current tight rental vacancy rates are driving up rents across Australia. It is somewhat perplexing to see both regional Australia and the Capital cities record surges.&nbsp;

"Given the ongoing international border closures and still relatively high completions, the national rental market should be at least more balanced.

[smartcode_project:default project_id=102309 project_image_fid=163974]

"That may well still happen if lockdowns persist through to Summer as it is likely many people living in Sydney and Melbourne may attempt to move elsewhere. 
&nbsp; 
“It is also possible that long term leasing is becoming very challenging for landlords due to rental moratoriums etc.&nbsp;

"We believe instead that landlords may increasingly be using short term accommodation websites such as Airbnb and Stayz whereby they have a greater say on who occupies their property and the length of time they stay.”

SQM Research has calculated the national residential rental vacancy rate remains tight at just 1.7% over the month of July 2021

jchancellor

Rental apartment vacancy tightening, but not in Sydney CBD possibly due to lockdown 

A lot has changed for Melbourne Square resident Brendan since his days of regular travel to the US and Canada for work through the 2000s.

Now with three adult children, Brendan and wife Jill were looking for a smaller and more practical space to call home, as their old family house in Glen Waverley was just too big for the two of them.

Before settling with his wife Jill on the 55th floor of our East Tower in 2020, the couple had to weigh up their options and think seriously about how their new space would meet the high quality and everyday amenity options Brendan had come to expect from his experiences visiting other integrated lifestyle precincts throughout North America.

Urban caught up with Brendan recently to chat about his purchaser journey and how he and Jill had settled into the growing precinct since deciding to sell the family home and move closer to the city.&nbsp;&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=139893]

How did you hear about Melbourne Square and were you in the market for a new property at the time?

B: Jill and I actually stumbled across the display suite by pure chance! It had only just opened, so naturally we popped our heads in to check it out and it was not too long after that when we made our deposit.

With no kids at home anymore, our old family home in Glen Waverley was just too big for our needs and we were also moving to Montreal temporarily for my work which meant that we needed to make a decision on our new home while abroad.&nbsp;&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=137903]

It was the experience we had during our visit to the display suite that got us over the line and led to us officially making our deposit in 2018 while in Canada. It was quite a surreal experience!

Was there anything that made Melbourne Square stand out for you and helped you make your decision to buy at the project over other residential developments?

B: Setting out on our buying journey, we knew we wanted to live closer to the city. With various developments to consider in Southbank and in Docklands, a standout positive when we were enquiring about Melbourne Square were the different floorplan options available at the project.

[smartcode_project:default project_id=2929 project_image_fid=139896]

I’ve travelled and worked overseas for a number of years and seen similar high-quality developments established in the US and in Canada, however I had not seen this same approach to integrated precinct living showcased locally until we visited Melbourne Square.

One of the major things that stood out to my wife Jill and I was the quality of the development. There has been a particular effort placed behind the integration of shared facilities which is helping build an authentic sense of community. Melbourne Square is like its own mini-neighbourhood.

What do you love the most about living at Melbourne Square?

B: We absolutely love the location of Melbourne Square and being wedged between South Melbourne and the city. The feel of the Southbank community is terrific and it is great having the park and Boyd Street Community Centre just a short walk away to take our young grandson for walks.

Having a full-line Woolworths supermarket downstairs is incredibly convenient as well. If you need anything for dinner it is so handy to be able to pop into the lift and be at the shops in a couple of minutes.

[smartcode_project:default project_id=2929 project_image_fid=139897]

The new restaurants around the precinct are great too and we are looking forward to trying all of them. We ate at Waku Waku Japanese recently which was really nice and it is exciting to see other dining places starting to open. The precinct certainly has a vibrancy building about it.

Being so close to the world-class Melbourne arts precinct has allowed Jill and I to fully immerse ourselves in the arts lifestyle. I particularly loved walking to the Malthouse Theatre, which is just a short stroll away, to watch some of their latest live outdoor gigs.

What are your favourite amenities at the precinct?

B: I find the pool on level 54 is a great way for me to stay active. It has a great outlook across the city and towards Melbourne’s east and lets you soak in panoramic views of the Dandenong Ranges. That said, I must give an honourable mention to the whole level eight pool and podium area. The pool space in particular will become a central part of Melbourne Square’s community and it has been great to see people soaking up the sun there.

[smartcode_project:default project_id=2929 project_image_fid=139903]

Jill is also a big fan of the amenity on offer on level 54. Her favourite place would have to be the gym. There is an extensive range of great equipment in there and its generous size and format means it does not get overcrowded.

Would you recommend living at a lifestyle precinct like Melbourne Square to friends?

B: Yes. I would definitely recommend living at a lifestyle precinct like Melbourne Square to friends and family, but particularly to people that are keen to downsize like Jill and I have from our family home.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=96195]

The concierge staff at Melbourne Square are lovely, attentive to our queries, and always greet you warmly when coming and going.&nbsp;

On the whole, our experience with the staff we have dealt with across our entire Melbourne Square journey has been phenomenal and the quality of information included in the marketing assets and floorplate designs have all been very accurate. We have not been oversold the precinct and everything matches what has been delivered.&nbsp;&nbsp;

Before buying we were also able to work with OSK and their team to make some modifications to our bathroom; and any defecting issues we had after moving in were actioned very quickly. Further to this, the quality of the fixtures and fittings is everything we had hoped for and there is plenty of natural light that elevates our living spaces.

[smartcode_project_cta: project_id=2929]

Melbourne Square resident Brendan gives Urban an insight into his new purchase at Southbank's Melbourne Square

max.kwok_55688

“It’s everything we had hoped for”: A resident insight into Southbank's Melbourne Square

The ASX-listed Perth developer Finbar Group are set to redevelop the old heritage-listed former Chemistry Centre on the fringe of Queens Park in East Perth.

The $154 million plans, drawn up by architecture firm S S Chang Architects, see the current heritage-listed building at 101 Hay Street, which dates back to 1942, incorporated in the design, acting as a base for a 27-level tower.

Given the vast 5,335&nbsp;sqm site, Finbar are also building another 38-level tower alongside. Combined the development will have 331 apartments.&nbsp;

The development plans pay homage to the heritage by retaining the Material Sciences building and a hexagonal design feature that also provides shade to apartments. The former Chemistry Centre will home 550 sqm worth of restaurant or cafes. There will be a further&nbsp;eight spaces slated for restaurant or cafe use, three personal service spaces and a shop, activating the 1,300 sqm of street level commercial space.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/110_east_st_perth.jpg" width="1200" />

Finbar,&nbsp;alongside Singaporean developer&nbsp;Ventrade bought the 5,335 sqm site from the state government for $16 million.

In 2015&nbsp;the local developer Diploma Properties Pty Ltd was chosen as the preferred developer to transform the former Chemistry Centre site, with over&nbsp;200 apartments, dining venues and shops planned. That would have been a 16-level apartment tower with rooftop sky gardens.

The heritage component would have turned in to a laneway-style eat street.

<img alt="" height="1010" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/110_east_st_perth_2.jpg" width="1200" />

Finbar and Ventrade&#39;s plans will see a shared podium on level seven.

There&#39;s a clear intent to create a work-from home space following the border restrictions and reduced appetite to return to the office.

The development will have a business lounge with consult room, board room,&nbsp;and over 10 study pods.

<img alt="" height="850" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/finbar_east_perth.jpg" width="1200" />

Resident amenity will feature a landscaped deck, cinema, resident dining and bar, virtual golf simulator, meditation&nbsp;yoga room, a child play centre, activity games room, and two swimming pools.

The taller tour will also have a rooftop sky bar and gym.

Summary by the strategic planning, urban design firm Element Advisory

The proposed development presents an exciting opportunity to deliver a contemporary redevelopment of the subject site that accords with DWA&rsquo;s established vision for the area through the provision of:

&bull; A well designed, sustainable development that offers an outstanding level of amenity to residents and visitors, and respects and celebrates the cultural heritage significance of the subject site;

&bull; An activated, human scaled edge, through a suitably screened podium with slender residential towers above;

&bull; Extensive landscaping and pedestrian zones at the ground floor level, offering a high level of amenity for pedestrians and designed to celebrate the cultural heritage significance of the subject site;

&bull; A density and diversity of land use that will contribute to the critical mass of people required to activate the subject site and surrounds; and

&bull; Increased housing choice in the locality, complemented by a range of ground floor commercial tenancies that will offer employment and leisure options for a diverse range of people

Given the vast 5,335 sqm site, Finbar are also building another 38-level tower alongside. Combined the development will have 331 apartments

Finbar set for 331 apartments on East Perth's Queens Gardens

Over half the residences in the 14-storey Ryrie Home tower, the first stage of Franz&eacute; Developments&rsquo; Geelong Quarter project, have been sold.

Presales in this stage were &ldquo;north of&rdquo; $30 million and apartments in that building sold on average for $9,000 per square metre, MaxCap&rsquo;s state director for Victoria, Johnny Woodhouse, told the AFR last month.

Non-bank lender MaxCap Group is providing the development with a $97 million first-mortgage facility for the construction of the two-tower residential and hotel complex.

[smartcode_project:default project_id=5559 project_image_fid=168395]

Offering a collection of one, two and three-bedroom residences, Ryrie Home is set to deliver 109 apartments in the heart of Geelong&rsquo;s arts precinct.

Designed by Architectus, the distinctive building of glass and sleek, contemporary lines exudes a bold character.

[smartcode_project:default project_id=5559 project_image_fid=88242]

The material choices are a nod to the strength that defines Geelong&rsquo;s character, said principal architect Oliver Mayger.

<blockquote>
&ldquo;Ryrie Home has drawn upon the history of Geelong and its architectural vernacular. The robust materiality and strong compositional order of the brick woolstore are defining markers of the city character and are considered through our podium scale and design&rdquo;, he said.
</blockquote>

The interiors have been thoughtfully designed to ensure efficient, flowing spaces, and feature open-plan living space, floor-to-ceiling windows, and an abundance of natural light.

[smartcode_project:default project_id=5559 project_image_fid=88244]

According to the developers, project completion is on track for late 2022 with privately-owned Maxcon Constructions leading the construction.

Construction is well underway with the tower crane up and the structure now seen coming out of the ground.

<img alt="" height="667" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-08-13_at_9.43.46_am.png" title="construction image" width="988" />

Ryrie Home is a connected vertical village, featuring a communal rooftop lounge with barbeque and dining facilities overlooking Corio Bay and Geelong CBD.

[smartcode_project_cta: project_id=5559]

Over half the residences in the 14-storey Ryrie Home tower, the first stage of Franzé Developments’ Geelong Quarter project, have been sold

Over 50% of Ryrie Home, Geelong apartments sold as structure comes out of the ground

Sherpa Property Group are set to continue to change the shape of Palm Beach with their luxury apartments.

The development firm, led by Christie Leet, has lodged plans for Perspective Nexus, their latest in the Perspective chain. The proposal comes after sell-out success at the nearby Perspective 488 and Perspective Two Sea.

Located on 1581&nbsp;sqm at&nbsp;949-953 Gold Coast Highway, Sherpa are planning a 14-storey building pitched at the downsizer. There will be just 34 apartments, half of the site's allowable density.

There will be just three and four-bedroom apartments, including three impressive three-level, four-bedroom sky-homes, which each has its own private roof access where there will be a pool and spa and 360 degree views across the Gold Coast.

<img alt="" data-entity-type="" data-entity-uuid="" height="750" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nexus_perspective_rooftop.jpg" width="1200" />

Designed by Hayes Anderson Lynch Architects, each of the apartments will have a home office and a private balcony. They&nbsp;are oriented to the north-east for solar access and views of the ocean.

Level two will home the&nbsp;central communal recreation&nbsp;area, complete with pool, gym, yoga room, sauna, steam room, breakout spaces and landscaping.

Perspective Nexus residences — ranging in size from 235 sqm to 560 sqm — are priced from $1.45 million to $6.5 million.

Sherpa's managing director Christie Leet says the team are&nbsp;excited to begin unveiling the in such a unique and highly sought-after location.

“Palm Beach encapsulates an eclectic mix of desirable water frontages including the vast Pacific Ocean as well as Currumbin Creek, which runs from the hinterland in Currumbin Valley down to Palm Beach where an abundance of lifestyle and activity on and around the water converge at Perspective Nexus.”

<img alt="" data-entity-type="" data-entity-uuid="" height="750" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/perspective_nexus_living_room.jpg" width="1200" />

Leet said lifestyle was the driving force behind the design of Perspective Nexus, which rejects the more traditional quantity-over-quality approach to Gold Coast high-rise apartment development.

“True luxury is unrestrained lifestyle — doing what you love and engaging with life in natural surroundings while enjoying the ease and convenience in absolute comfort,” he said. “It’s all about how you want to live your life.” 
 
Perspective Nexus is Sherpa’s third Palm Beach instalment, following its beachfront sales sensation that wiped out Sherpa’s Perspective 488 stock in just three months, prompting the successive sell-out of its fast-tracked sister project, Perspective Two Sea. The two projects achieved a combined sales total in excess of $70 million.

Sherpa are simultaneously gearing up to migrate its ‘Perspective’ brand further north, lodging a development application for&nbsp;‘Perspective Broadwater’ which will have just six full-floor apartments overlooking the esplanade and waterfront of Biggera Waters.

There will be just three and four-bedroom apartments, including three impressive three-level, four-bedroom sky-homes

Sherpa lodge Perspective Nexus, new Palm Beach apartment development

A local developer has purchased a 362 sqm Carlton property sold by the Churches of Christ for more than 100 years for $4.2 million. 

Located at 148-150 Queensberry Street, the property comprises an older-style simple church building situated in the University Precinct of Carlton, between RMIT and Melbourne Universities.

The property was sold by the church as the building no longer provides a suitable standard of accommodation. The funds raised will be redeployed into the community support roles of the church.

The deal was negotiated by Clinton Baxter and Julian Heatherich of Savills Australia.

“This property attracted a huge level of interest from the market by virtue of its spectacular position on the cusp of the Melbourne CBD together with its obvious potential to add value or for greater development of the site” Mr Baxter said. 

The property, sold with 12 month settlement terms, benefited from Mixed Use zoning permitting retail activation, office, student accommodation or residential just 250m from the CBD.

The deal was negotiated by Clinton Baxter and Julian Heatherich of Savills Australia 

jonathan_55692

Carlton apartment development site sells for $4.2 million

Off the back of strong demand for apartments, Mirvac has confirmed several new apartment launches are planned over the next 12 months.

Its latest annual report noted &quot;growing demand for high-quality, well designed, owner-occupier targeted product.&quot;

There are 1144 lots it is planning across Sydney, Melbourne, Brisbane and Perth.

The largest of the new launches will be the Nine Willoughby site in North Sydney.

NINE by Mirvac, Willoughby is set to deliver 442 apartments.

It has been designed by Mirvac Design &amp; CHROFI with the landscaping by McGregor Coxall.

It will be a landmark community on Sydney&rsquo;s north shore &quot;expected to set a new benchmark in the area.&quot;

Elsewhere in Sydney it propses a prestige, over-55s offering in Waverley, Sydney comprising 55 apartments and the next two buildings at Green Square, Sydney comprising 159 apartments.

There will be a low-rise building of 88 apartments at Burswood, Perth.

Melburne will see Forme, the final apartment building at Tullamore, comprising 93 apartments and the next stage at Yarra&rsquo;s Edge, comprising 191 apartments.

<a href="/new-apartments/charlton-house-by-mirvac-41-st-leger-way-ascot">Charlton House</a>, the third stage at Brisbane Racing Club comprising 116 apartments is also on the way.

&quot;These launches are expected to significantly elevate apartment pre-sales, before contributing to residential earnings from FY23,&quot; the annual report noted.

[smartcode_project:default project_id=7363 project_image_fid=41840]

&quot;The fundamentals of strong established market momentum which has continued despite COVID-19 lockdowns, together with very low interest rates and limited supply in many catchments, provides a strong base for 
our residential business looking ahead,&quot; it advised.

&quot;Our ability to bring these new projects to market now puts our residential business in a strong position as both sentiment and activity from owner-occupiers and investors remains buoyant and supply of new stock in many inner and middle ring markets remains low.&#39;

It also noted off the back of strong demand for masterplanned community product during FY21 across both land and built-form, it expects to see FY22 settlements again dominated by masterplanned communities.

&quot;Strong demand means we are now selling 12-18 months ahead of settlement in most masterplanned community projects.

&quot;We expect to see demand continue to be driven by owner occupiers, both upgraders and downsizers, with domestic investor activity continuing to grow, first in masterplanned communities followed by apartments.&quot;

The largest of the new launches will be the 442-lot Nine Willoughby site

Mirvac set to launch seven apartment projects across Australia in the next 12 months

Mirvac chief executive Susan Lloyd-Hurwitz confirmed at the group's recent full-year results that Mirvac had been working towards reducing its operational carbon footprint.

It was now down 80 per cent from the group's baseline.

Its plan includes sending zero waste to landfill by 2030, which involves halving its development waste and buying 25 per cent recycled content.

"And we will get to be carbon-neutral in the operations of our buildings through renewable electricity and a very small number of offsets," she advised.

"But the timing is all to do with renewable electricity contracts in the running of our buildings. From a development point of view, that's scope three."

It was earlier this year when Mirvac revealed a "green ceramics" range of apartment fittings.

[smartcode_project:default project_id=7363 project_image_fid=166649]

Mirvac created a prototype apartment fitted out with "green ceramics", tiles, splashbacks, floors, furniture and light fittings, made from waste fabrics and glass as part of its Pavilions project at Sydney Olympic Park.

The “green ceramics” were the result of a collaboration that began in 2019 between Mirvac and the UNSW Centre of Sustainable Materials Research and Technology (SMaRT) led by global pioneer in waste technology, Professor Veena Sahajwalla.

"The successful application of the product is a world-first and demonstrates the potential to revolutionise the way we build by reimagining waste as a valuable resource, which in turn reduces demand for virgin materials," the annual report noted.

"As one of the largest property companies in Australia with an integrated business model that brings together design, development, construction and marketing, we are in a unique position to take bold steps that pave the way for others," Ms Lloyd-Hurwitz said at the launch.

[smartcode_project:default project_id=7363 project_image_fid=166638]

“In Australia, the building industry is responsible for around 60 per cent of the waste we generate. At Pavilions, we have been able to demonstrate a better way to build, using reformed waste, which not only helps our industry but provides a valuable second life for the mountains of glass and clothing, much of which would otherwise find its way to landfill," she said.

She is also the chair of the Green Building Council of Australia.

As recipients in the Physical Sciences Fund’s inaugural 2019 round, UNSW Sydney received $790,000 to assist in the development of commercial tiles from common waste products, for use in the built environment.

Susan Lloyd-Hurwitz said Mirvac had reduced its operational carbon footprint

Mirvac's green apartment push continues

First home buyer purchasing has contributed to the current low supply and high demand dynamic, according to CoreLogic.

"First home buyer activity creates additional housing demand without adding new advertised stock to the market," reseacher Eliza Owen said.

First home buyer loans recently peaked at 16,260 in January 2021, which is almost double the series average of monthly first home buyer loans activity.

"First home buyer purchases would go a long way in explaining the current supply and demand dynamic. 

"This is because owner occupier purchasers who already own property would presumably list their existing home around the time they are purchasing a new one."

Activity was distorted by incentives for first home buyers in 2020 that saw the introduction of multiple first home buyer incentives, from the first home loan deposit scheme before the pandemic, to various state-based grants and concessions, along with incentives for the purchase/construction of new or off the plan property.

Though first home buyer loan commitments have trended lower since January,  they remained 58.8% above the series average through June.

Owen noted in the same way that first home buyer purchases increase demand without adding to supply, investor purchasing activity has also trended higher since mid-2020. 

Unlike first home buyer activity, investor purchases are not slowing down, she noted.

Through June, there were 18,625 secured home loans for investor property purchases, which is a 74.8% increase on commitments in the same month of 2020.

Increased buyer demand has stemmed from continuously falling mortgage rates, the report advised.

Mortgage rates are one of the most important determinants of housing demand, and in the current climate, where GDP is once again expected to decline, the RBA will likely facilitate a low rate environment for longer, Owen said. 


First home buyer loans peaked at 16,260 in January 2021, which is almost double the monthly average. 

Latest Property News

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

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

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

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News