Toorak's dress circle St Georges Road, home to some of the city's priciest homes, is set for a rare new apartment development.

Blood Diamond Group, an entity tied to Tina Brandi, wife of David Brandi who has been a prolific bidder on The Block over the years, has filed plans for an ultra-exclusive development across an amalgamated 3,662 sqm site at <a href="https://www.apartments.com.au/new-apartments/104-106-st-georges-road-toorak-vic-3142">104 and 106 St Georges Road</a>.

The proposal would replace two existing homes on the riverfront site with a five-level apartment building cascading down the steeply sloping land toward the Yarra River. Designed by Charles Wright Architects, the development has been carefully shaped around the site’s topography and river environs, with the upper levels stepping back to reduce visual bulk from both St Georges Road and the Yarra corridor.

Planning documents describe the proposal as “a site layout and building typology that is consistent with the emerging character of the area and which provides exceptional amenity for future residents without compromising that of neighbouring properties.”&nbsp;

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ea19a17e-7528-4fa8-b727-05f2f7c025e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20a_0.png?VersionId=rZ2IjdoUL_UrRl1sZ4wZHnQXbYUaEmUQ" />

The scheme comprises 12 apartments, including 10 three-bedroom residences, one one-bedroom apartment, and a substantial split-level five-bedroom penthouse. A 624 sqm communal rooftop terrace will crown the building, while three undercroft levels embedded into the hillside will accommodate apartments and basement parking.

The design leverages the site’s dramatic northern outlook across the Yarra River, with living areas and balconies oriented toward the water. A central atrium running the full height of the building is intended to draw natural light deep into the residences and improve internal amenity.

Landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo Design &amp; Landscape</a> will play a major role in softening the built form, particularly along the river edge where significant setbacks have been introduced. The proposal includes a minimum 30-metre setback from the Yarra River boundary, preserving a substantial landscaped buffer between the development and the waterway.

While a mature English Oak near the front of the site is proposed for removal, the plans retain a large English Elm closer to the riverfront, alongside other established vegetation in the lower section of the property.

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ed3bf19b-5bc7-482f-bde7-41f709a13c3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20b.png?VersionId=SG_kBGu4rOaSPY8FtVcmPJfSCrstuOfg" />

Architecturally, the building adopts strong horizontal forms with expansive glazing and curved balcony edges facing the river. Planning documents note the upper levels “adopt a receding form” to ensure the building responds appropriately to the Yarra River environs overlay controls.&nbsp;

The surrounding streetscape is characterised by large contemporary homes embedded into the hillside, many presenting as modest one or two-storey forms to the street before expanding toward the river frontage below. The planning report notes this established pattern heavily influenced the massing strategy for Toorak Pavilion.&nbsp;

Until the recent sale of the landmark Clendon Road mansion Coonac for around $130 million, St Georges Road held the state's most expensive home, the $80,000,088 derelict "Ghost House" mansion that was bought by crypto king Ed Craven.&nbsp;

Blair House, also on St Georges Road, sold for $74.5 million in 2022.

Joel Robinson

First look: Toorak Pavilions slated for dress circle St Georges Road

Six months after a development site on Kangaroo Point’s Shafston Avenue sold for $6.55 million, plans have been lodged for a 23-storey apartment tower.

A company named JMT Mega Capital, understood to be interstate investors when the 1,222 sqm double block traded late last year through Patona Property, is proposing an 84-apartment development in place of the existing low-rise buildings.

The slender tower at <a href="https://www.apartments.com.au/new-apartments/212-220-shafston-avenue-east-brisbane-qld-4169">212–220 Shafston Avenue</a>, overlooking the Brisbane River, has been designed by <a href="https://www.apartments.com.au/architects/aplus-design-group">Aplus Design Group</a>. It will comprise a mix of one-, two- and three-bedroom apartments above six basement levels, topped by rooftop resident amenities.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="7e17ba9e-553e-42ef-92b6-22081671521a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium_3.png?VersionId=hlVUf99vrOjUs.vhQs0qV0DhOncUy9T8" />

The development has been designed as a vertically articulated tower with recessed balconies, curved façades and planted edges intended to soften its scale within the evolving Shafston Avenue skyline. In the submitted Urban Design Report, Aplus Design Group said the tower had been “shaped with a slender vertical expression, articulated façades, recessed balcony zones, integrated planting and a clearly defined podium relationship, helping to reduce perceived bulk and create a more elegant contribution to the Shafston Avenue streetscape and broader Kangaroo Point skyline.”

The scheme comprises 84 apartments, including 25 one-bedroom units, 34 two-bedroom apartments and 25 three-bedroom residences. A total of 104 car spaces are proposed across six basement levels, including resident, visitor and accessible parking.

Residents will have access to rooftop communal open space and shared amenities, while the development also incorporates deep planting zones and subtropical landscaping throughout the podium and tower levels. The project includes 35 per cent communal space coverage across the site and a 17.5 per cent deep soil zone allocation to support urban greening outcomes.

The application exceeds the mapped building height under the Kangaroo Point Peninsula Neighbourhood Plan and is being assessed under Brisbane City Council’s impact assessment pathway. The design team argues the additional height is supported by the site’s strategic inner-city location, existing high-density zoning, and proximity to transport and employment hubs.

“The design has been developed to make better use of a well-serviced urban site within an established high-density residential setting, while improving the street presentation and overall quality of the public realm interface,” the report states.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="1ab44b1e-ff45-4bf3-8da8-8aa0cd79db33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_10.png?VersionId=tSxeGekZOqj1e9g3PEn_yFoC3taKDp3U" />

The proposal adds to a growing pipeline of apartment developments reshaping Kangaroo Point ahead of the 2032 Brisbane Olympic Games, with demand continuing to strengthen for new housing supply in well-connected inner-city precincts.

Mosaic has nearly sold out its under-construction <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford by Mosaic</a>&nbsp;and <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a>,&nbsp;while Pikos recently completed <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye Residences</a> nearby. Pikos is also delivering <a href="https://www.apartments.com.au/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point-qld-4169">Gaia</a>, over 230 three- and four-bedroom apartments on Lambert Street.

First look: 23-storey Kangaroo Point apartment tower planned for Shafston Avenue riverfront precinct

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.

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

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?

Pace Development Group and Global Electric Transport have entered into an arrangement for all future Pace apartment complexes to be Electric Vehicle-ready.

Their partnership will kick off at the Pace of Blackburn residential development at 160 Whitehorse Road.

It will see GET supply and install five state-of-the-art shared charging stations for apartment residents and visitors.

Pace of Blackburn has four towers – three residential and one commercial.

[smartcode_project:default project_id=7211 project_image_fid=144443]

There will be 200 apartments across the three towers. The complex will have 697 car spaces. 
 
The intent is to get ahead of the game, given the increasing expected demand for EVs which will see costly retrofitting of apartment complexes, according to Pace sales and marketing director Ashley Bramich.

“Given the increasing demand and inevitable widespread adoption of EVs it makes sense to built the concept into the design of all future developments, and avoid very costly retrofitting in the future,” Mr Bramich said.

"It won’t be long before apartments sold as EV ready will be priced at a premium," he said noting it's estimated that 40% of all cars sold in Australia by 2030 will be EVs.

"Pace is future-proofing its buildings for the benefit of our residents and the communities we develop in.”

[smartcode_project:default project_id=7211 project_image_fid=39984]

GET chief executive officer Harry Hamann said the recharging runs via an app with "the user interface seamless."

Pace of Blackburn is under construction with prices for one bedroom, one bathroom apartments starting from $395,000; two bedrooms from $550,000 and three bedrooms from $840,000.

Some Pace purchasers qualified for the HomeBuilder grant.

Ascui &amp; Co., headed by Gonzalo Ascui, set out to design an urban village within the triangular site.

[smartcode_project_cta: project_id=7211]

Pace Development Group and Global Electric Transport have entered into an arrangement for all future Pace apartment complexes to be Electric Vehicle-ready.
 

jchancellor

Pace of Blackburn apartment complex to have EV charging stations 

The ASX-listed national developer Mirvac&nbsp;have launched Forme, the final residential element to their Doncaster master-planned community Tullamore.

Doncaster is considered by many as the central hub of Melbourne&#39;s north-east, with&nbsp;solid transport networks providing&nbsp;access to both the city and beautiful leafy green north eastern suburbs.

Mirvac have transformed the Eastern Golf Course in to a modern residential development over 47 hectares,&nbsp;defined by lush landscaping, open parklands and walking trails, many of&nbsp;which are just a stroll away from Forme itself.

[smartcode_project:default project_id=100322 project_image_fid=163035]

Forme residents will have access to the extensive amenity&nbsp;at Tullamore, with Stables Provedore Caf&eacute; on their doorstep and a short stroll to the unique&nbsp;Next-Gen Health &amp; Lifestyle Club.

Everyone in the community&nbsp;benefit from three parks and play spaces, purpose-built for different ages. The parks will include a fitness trail and fitness stations to invigorate the lives of local residents while play equipment, shelters bench seats and informal gathering spaces deliver the environment to play, meet and relax.

Spend your weekend exploring Tullamore&#39;s numerous trails or having a picnic in one of the many parks. Tullamore is also located within close proximity to sought-after schools and transport connections. It is within walking distance to Westfield Doncaster and just 13 kilometres to Melbourne CBD.&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163036]

<h2>Discover amenities further afield:</h2>

<ol>
	<li>BOUNCEinc Blackburn - Amusement center - 5.6km - 8 minute drive</li>
	<li>Whitehorse Activities Club - Equestrian club - 10.2 km - 13 minute drive</li>
	<li>Latitude Melbourne - Recreation center - 12.1 km - 21 minute drive</li>
	<li>Pauline Gandel Children&#39;s Gallery - Tourist Attraction - 15.3 km - 19 minute drive</li>
	<li>Melbourne Museum - Museum - 15.3&nbsp;km - 19 minute drive</li>
	<li>Escape Hunt Melbourne -&nbsp; Escape room center - 17.1 km - 27 minute drive</li>
	<li>SEA LIFE Melbourne Aquarium - Aquarium&nbsp;- 17.4 km - 27 minute drive</li>
	<li>Life Activities Clubs - Non-Profit - 17.6 km - 28 minute drive</li>
</ol>

[smartcode_project:default project_id=100322 project_image_fid=163037]

There are one-, two-, three- and four-bedroom apartments in Forme with design, construction and delivery by Mirvac&#39;s award-winning design team, buyers can expect their consistent high level of quality and care in every little detail of their brand new apartment.&nbsp;

The exclusive collection of luxurious residences are inspired by nature, with stunning garden spaces by award-winning landscape designer Paul Bangay.

Each residence features rich textures and crafted layers flowing in harmony to shape living spaces of timeless elegance that extend to outdoor spaces shrouded with verdant greenery, perfect for alfresco dining year-round.

[smartcode_project_cta: project_id=100322]

FORME residents will have access to the amenities at Tullamore, with Stables Provedore Café on their doorstep and a short stroll to the unique Next-Gen Health & Lifestyle Club

jordan_55689

What's within walking distance from FORME Apartments by Mirvac?

For discerning buyers seeking unprecedented luxury living in Melbourne&#39;s Doncaster, we are pleased to present Mirvac&#39;s latest addition to the Tullamore master-planned community, Forme.&nbsp;

Experience quality and care in every little detail, in your brand new residence, with design and construction by award-winning developer Mirvac.&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163035]

The exclusive collection of luxurious residences are inspired by nature, with stunning garden spaces by award-winning landscape designer Paul Bangay.&nbsp;

Upon arrival, residents are welcomed home to a green oasis with a&nbsp;water feature&nbsp;and meandering stone path leading to an opulent towering glass lobby. Within the lobby, a striking sculptural artwork created by acclaimed artist Anna-Wili Highfield captures the light which streams through the vast glazed void.&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163036]

The structure features organic architectural forms, with rich textures and quality materials found throughout each property. Each home features warm timber&nbsp;flooring, with fluted glass cabinetry and luxurious stone accents.&nbsp;

Open plan living areas extend to outdoor spaces shrouded with verdant greenery, perfect for alfresco dining year-round. Mirvac&#39;s Tullamore is also situated within excellent proximity to sought-after schools, shopping and transport connections.&nbsp;

Residents will also have access to world-class amenities on-site, with Forme residences&nbsp;being one of the closest to Tullamore&#39;s exclusive&nbsp;Stables Provedore Caf&eacute; and state-of-the-art wellness facility, Next-Gen Health &amp; Lifestyle Club. Spend your weekend exploring Tullamore&#39;s numerous trails or having a picnic in one of the many parks.&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163038]

Tullamore is also right next door to Westfield Doncaster for all your shopping needs and just 13 kilometres to Melbourne CBD.

If you want to be one of the first to secure a home at Forme by Mirvac, then don&#39;t delay, enquire today via Urban.

[smartcode_project_cta: project_id=100322]

Experience quality and care in every little detail, in your brand new residence, with design and construction by award-winning developer Mirvac

Olivia Round

Seeking your own tranquil garden retreat? Discover Mirvac's exclusive final release of apartments, FORME, at Tullamore

At Urban, we watch projects evolve throughout the course of the development timeline &ndash; and one of those projects which we&#39;ve had the pleasure of observing is Mirvac&#39;s Tullamore community, perfectly situated right in the heart of Doncaster, Melbourne.&nbsp;

Tullamore is a vibrant, mixed-use neighbourhood, interconnected&nbsp;with meandering pathways, verdant greenery and well-curated parklands. It&#39;s clear resident livability is at the forefront of all Mirvac&#39;s communities.&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=160747]

We&#39;ve watched apartments at Folia and Phoenix get snapped up, and now we&#39;re about to see it again with the launch of Mirvac&#39;s highly anticipated final release, <a href="/buildings/forme-57-stables-circuit-doncaster">FORME</a>.&nbsp;

FORME residences have been meticulously designed by Mirvac and set within the tranquil surrounds of nature, designed by award-winning landscape architect Paul Bangay.

<a href="/buildings/forme-57-stables-circuit-doncaster"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/forme-57-stables-circuit-doncaster-6ead794bb93b69862b74270776f3fee2.jpeg" width="2000" /></a>

The exterior of the building features an organic curved facade with cascading greenery. &nbsp;A tall glass void in the atrium provides an opulent entranceway for residents to return home to each day. Within the apartments, warm timber flooring is complemented by stone accents and quality fittings, with expansive picture windows framing views of the ever-changing sky.

With design, construction and delivery by Mirvac, buyers can expect a high level of quality and care in every&nbsp;detail of&nbsp;their brand new home.&nbsp;

<a href="/buildings/forme-57-stables-circuit-doncaster"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/forme-57-stables-circuit-doncaster-484e9c41b4906d23ae91984e19906e5d.jpeg" width="2000" /></a>

Secure your future with a trusted, award-winning developer with 49 years of experience delivering quality homes across Australia. <a href="/buildings/forme-57-stables-circuit-doncaster">Enquire about FORME</a> by Mirvac today via Urban. 
&nbsp;

The final release from the Apartments of Tullamore: Mirvac launch stunning new collection of apartments, FORME

Today&#39;s display suite tour is a project which had to release Stage 3 of the development well ahead of schedule due to an overwhelming response from buyers. And once you see inside the display, you&#39;ll see why &ndash; it&#39;s beautiful and situated in an enviable bayside location.

Check out our video tour of Sixth Ave by Aultun Group.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/9QEXE1dO3nQ" title="YouTube video player" width="660"></iframe>

<h2>SIXTH AVENUE&nbsp;AT A GLANCE</h2>

Developer: <a href="/developers/aultun-property-group" target="_blank">Aultun Group</a>

Architect:&nbsp;<a href="/architects/point-architects" target="_blank">Point Architects</a>

Number of residences: 59

Location:&nbsp;15 Sixth Avenue, Chelsea Heights VIC 3196

[smartcode_project:default project_id=32136 project_image_fid=93831]

On your way to the display, you&#39;ll notice the relaxed, coastal feel of the neighbourhood. Treelined streets amble down to the waterfront, giving you that coveted lifestyle, less than an hour from Melbourne&#39;s CBD.&nbsp;

The contemporary design boasts versatility, with customisable floorplans, split system air-conditioning and thermal insulation for comfort. Quality tapware and Artusi appliances bring both practicality and style to each kitchen, with lavish stone benchtops and porcelain splashbacks adding a touch of opulence.

[smartcode_project:default project_id=32136 project_image_fid=93833]

Engineered oak timber flooring can be found throughout the living areas, with large format tiles in all bathrooms. Frameless walk-in showers and bespoke floating vanities are representative of the home&#39;s modern design, ensuring timeless luxury.

All homes are fit with water-efficient tapware and showerheads, as well as energy-efficient LED lighting. Each home features meticulously landscaped gardens, with recycled water by Melbourne Water for garden irrigation. In the area, you&#39;ll find an endless array of retail, dining and recreational amenities all within close reach, as well as an on-site childcare centre.

[smartcode_project:default project_id=32136 project_image_fid=97223]

Aultun group have made a conscious decision to include what would normally be considered upgrade options in all homes, to ensure buyers are treated to the best quality products on the market.&nbsp;

Did you know that you could secure a Sixth Ave townhome today with just a 10% deposit, with no further payments until settlement? Enquire today via Urban to learn more. 
&nbsp;

Display Tour: Sixth Avenue by Aultun Group in Chelsea Heights, Melbourne

Mirvac is one of Australia&#39;s leading, diversified property groups shaping and creating&nbsp;developments across Australia.

They take a full-body approach to new developments&nbsp;with the majority of their projects also designed by their in-house team who are responsible for works such as Pavilions, where they led the way with some of Australia&#39;s first build-to-rent property as well as Voyager in Docklands, Olvine, Waverley Park and&nbsp;Eastbourne in East Melbourne to name just a few.

But with over 49 years of architecture experience they don&#39;t stop at shaping just buildings Mirvac is really about&nbsp;building a communities with the latest in Doncaster being&nbsp;Tullamore. Other ongoing master-planned developments include&nbsp;Quay Waterfront Newstead and Yarra&#39;s Edge.

<a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/yarras_edge.jpg" /></a> 
(Pictured: Yarras Edge)

Really an all-in-one package they also take responsibility for the construction of their projects ensuring a quality standard you can be assured by.

Not only does Mirvac put forward a high level of quality and care in every development they create, they do it greener&nbsp;as a leading influence amongst&nbsp;developers leading the transition towards renewable and sustainable residential projects with a target to become net carbon positive by 2030.

The group&rsquo;s Tullamore master-planned community in Doncaster achieved the highest environmental certification in Australia, a six-leaf EnviroDevelopment accreditation due to its numerous green features.

The select prestige apartments will&nbsp;feature world-leading solar technology, as part of&nbsp;Mirvac&rsquo;s unique partnership with Melbourne-based start-up Allume Energy.

[smartcode_project:default project_id=100322 project_image_fid=163036]

For buyers seeking unprecedented luxury living in Melbourne&#39;s Doncaster, we&#39;re pleased to present Mirvac&#39;s latest addition to the prestigious Tullamore community, the final boutique apartments - FORME. With design, construction and delivery by Mirvac, buyers can expect their consistent&nbsp;high level of quality and care in every little detail of their brand new apartment.&nbsp;

The exclusive collection of luxurious residences are inspired by nature, with stunning garden spaces by award-winning landscape designer Paul Bangay.

Upon arrival, residents are welcomed home to a green oasis with stunning water feature and a meandering stone path leading to an opulent towering glass foyer. Within the foyer is a&nbsp;striking sculptural artwork created by acclaimed artist Anna-Wili Highfield capturing&nbsp;the light which streams through the vast lobby

The structure features organic architectural forms, with rich textures and quality materials found throughout the building.

Each residence features rich textures and crafted layers flowing in harmony to shape living spaces of timeless elegance that extend to outdoor spaces shrouded with verdant greenery, perfect for alfresco dining year-round.

[smartcode_project:default project_id=100322 project_image_fid=161037]

An extension of your private residence, enjoy exclusive resident to relax and unwind or to host intimate gatherings for family and friends.

FORME&#39;s Residents&#39; Lounge features a large fireplace with space to gather in sublime comfort. Or entertain in the exquisite Residents Dining Room complete with kitchen and dining area.

Residents will have access to the world-class amenities at Tullamore, with Stables Provedore Caf&eacute; on their doorstep and a short stroll to the Next-Gen Health &amp; Lifestyle Club.

Spend your weekend exploring Tullamore&#39;s numerous trails or having a picnic in one of the many parks. Tullamore is also within excellent proximity to sought-after schools and transport connections. Walking distance to Westfield Doncaster for all your shopping needs and just 13 kilometres to Melbourne CBD.&nbsp;

Be one of the fortunate few to secure a luxury residence at FORME by Mirvac.

Don&#39;t delay, <a href="/buildings/forme-57-stables-circuit-doncaster">enquire today</a> via Urban.

[smartcode_project_cta: project_id=100322]

Mirvac builds more than just buildings, they deliver coveted communities, with their latest Doncaster project being FORME in Tullamore

Mirvac's success to date paves the path for FORME

CBA has&nbsp;hiked its 3-year fixed rate for owner-occupiers in a further sign that Australia may soon see the end of ultra-low fixed rates.

Australia&rsquo;s largest bank has increased both its 3&nbsp;and 4-year fixed rates for owner-occupiers paying principal and interest by 0.05 per cent, as well as increasing some interest-only loans by 0.10 per cent.

[smartcode_project:default project_id=2407 project_image_fid=77652]

This follows hikes of 0.20 per cent by CBA in March to its 4- and 5- year fixed rates. CBA now only has one rate under 2 per cent &ndash; fixed for 2-years.

CBA home loan changes for owner-occupiers paying principal and interest:

<ul>
	<li>
	3-year fixed rates have been hiked from 2.14% to 2.19%, an increase of&nbsp;0.05%
	</li>
	<li>
	4-year fixed rates&nbsp;have been hiked from 2.19% to 2.24%, an increase of&nbsp;0.05%
	</li>
</ul>

RateCity.com.au research director, Sally Tindall, said CBA has become the first major lender to increase its 3-year fixed rate from the bank&rsquo;s record low.

&ldquo;Today&rsquo;s rate hikes might be small, but they point to a fixed rate market that&rsquo;s starting to rise,&rdquo; she said.

&ldquo;When CBA hiked its four-year rate in March, a flurry of lenders followed in its wake. We expect the same thing will happen with three-year rates in coming months.

<img alt="" height="354" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lowest_may_rates.jpg" width="850" />

&ldquo;Banks are anticipating a rise in the cost of funding over the next few years, with the next cash rate hike expected in 2024, if not earlier, and the end of the RBA&rsquo;s term funding facility in just over one month.

&ldquo;The funding, which offers banks cheap money fixed for three years, has helped lenders offer record low rates to its customers. When the funding wraps up, many banks are likely to recalibrate their rates,&rdquo; she said.

This follows hikes of 0.20 per cent by CBA in March to its 4 and 5-year fixed rates in a further sign that Australia may soon see the end of ultra-low fixed rates

CBA has hiked its 3 and 4-year fixed interest rates

Cbus Property will be partnering with Sterling Global on building 39 residence in the boutique Como Terraces, South Yarra apartment project.

It is on Alexandria Avenue, South Yarra, with a 7900sq m site overlooking the Yarra River.

The 39-unit residential project will have city skyline views in a designed by Carr and Taylor Cullity Lethlean.

Expressions of interest in Como Terraces will be taken from May 2021, with construction anticipated to be completed in 2024.

Kay &amp; Burton Projects's Damon Krongold is marketing the apartments.

The low-rise luxury apartments will come with prices starting at $2.3 million with building due to start early 2022.

The $200 million high-end residential project marketing will be aimed at wealthy local right-sizers wanting to avoid the CBD.

Como Terraces will feature eight individual buildings with internal living spaces ranging from 130 to 323 square metres for two- and three-bedroom residences.

[smartcode_project:default project_id=3138 project_image_fid=134335]

More than half of the master-planned site will be dedicated to botanical gardens with the hotel-like project to also feature a guest lounge and concierge service desk.

There will also be a private dining room for up to 20 guests.

Sterling Global has a $1.4bn-plus project pipeline including a nearby project, Heyington Toorak, with a delivery date of late 2021.

Its major completed project is Ralston, 56 apartments and commercial tenancies on Toorak Road in South Yarra completed in 2016.

Its recently appointed development director, David Morgan joined Sterling Global in January after five years as Victorian general manager at the ASX-listed Sunland.

Sterling Global's projects include a master-planned community in Oakleigh in Melbourne's south-east that will deliver 1000 residences with an end value of $700 million.

Cbus Property will partner with Sterling Global on the 39 apartments in the boutique Como Terraces, South Yarra complex

Cbus Property partners with Sterling Global on a boutique Como Terraces, South Yarra apartments 

Olympic swimmer Cam McEvoy has put his villa at 1/40 Via Roma on the Isle of Capri on the market.

McEvoy, 27, competed at the London and Rio Olympic Games.

He is offering to accept bitcoin or ethereum for his 2016-built property, which cost $1.15m in 2016.

McEvoy hopes to secure around $1.5m, so he can build on his existing cryptocurrency shares, the Gold Coast Bulletin reported.

Josh Longhitano of Lucent, Burleigh Heads is marketing the property which is one of four in the development.

Olympic swimmer Cam McEvoy has put his villa at 1/40 Via Roma on the Isle of Capri on the market.

Olympic swimmer Cam McEvoy lists Isle of Capri villa

There have been two recent sales in the Refinery apartment complex in Brisbane&#39;s New Farm.

A ground floor apartment at 2133/32 Refinery Parade went to Ray White auction last week which fetched $2,375,000 with five registered bidders, local and interstate.

It had last sold at $2m in 2017, and initially at $895,000 in 2004.

A $2.25 million sale of an apartment in the Refinery complex had been secured earlier in May.

The 4th floor apartment ranked as one of 32 apartments in the Refinery, built in 1892, and reimagined by Mirvac in the early 2000s.

<a href="/developments/brisbane-qld?source_news_article_id=101585&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_brisbane.jpg" width="1200" /></a>

It came with an internal space of 158sqm, plus a rare 6 sqm balcony in the heritage-listed CSR Refinery building.

There was also a 32 sqm car space plus storage locker at 2431/32 Refinery Parade, New Farm.

It last sold at $980,000 in 2004.

Selling agent Peter Hutton at Hutton &amp; Hutton had given a $2.2m to $2.4m price guide.

Mirvac&#39;s Ascot Green community fronting Eagle Farm Racecourse is the developer&#39;s current project under construction.

Ascot House, the first stage has sold-out, with Tulloch House&#39;s remaining apartments priced from $540,000.

The 2431/32 Refinery Parade, New Farm was one of 32 apartments within the Refinery, built in 1892, and reimagined by Mirvac in the early 2000s

Latest Property News

First look: Toorak Pavilions slated for dress circle St Georges Road

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

First look: Toorak Pavilions slated for dress circle St Georges Road

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News