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.

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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?

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park">Shenton Quarter</a> is a brand new urban village taking shape in the heart of Perth. Drawing interest from local and interstate buyers alike, this is a well-thought-out development you won't want to miss viewing.&nbsp;

Watch our video of Shenton Quarter:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/r0kN-WXDong" title="YouTube video player" width="660"></iframe>

<h2>SHENTON QUARTER AT A GLANCE</h2>

Developer: <a href="/developers/iris-residential" target="_blank">Iris Residential</a>

Architects:&nbsp;<a href="/architects/cameron-chisholm-nicol-architects" target="_blank">Cameron Chisholm Nicol Architects</a>

Homes from:&nbsp;$399,000

Location:&nbsp;Corner of Selby Street and Seymour Avenue, Shenton Park WA 6008

[smartcode_project_cta: project_id=26734]

[smartcode_project:default project_id=26734 project_image_fid=153697]

Shenton Quarter is being delivered by leading Western Australian apartment developer Iris Residential. The master-planned precinct will feature an on-site Coles, accessible via a pedestrian-friendly laneway, with an extensive selection of retail and dining options for residents, making life at Shenton Quarter one of ease and convenience.&nbsp;

The resident-only on-site amenities span over 2,400 square metres and includes a yoga zone, a 20 metre heated swimming pool, vegetable and herb garden, gymnasium, and a barbeque and dining pavilion. There are plenty of dedicated spaces for residents to relax or connect with neighbours, with alfresco dining areas perfect for summer gatherings.

Each home has been curated with high-quality materials. The bedrooms include 100% wool carpet, kitchens are fit with stone benchtops and Smeg appliances, while built-in joinery and double glazed windows are found throughout each property.&nbsp;

[smartcode_project:default project_id=26734 project_image_fid=153713]

Luxurious, spacious apartments and lofts feature high ceilings and are available in one, two and three-bedroom configuration floorplans. Buyers will also be able to choose from a selection of bespoke design schemes, The Acacia, The Banksia and The Cassia.&nbsp;

The development has been thoughtfully designed by Architecture practice Cameron Chisholm Nicol, a company that has been shaping Perth's skyline since 1884. Seeing the practice's completed work stand the test of time several decades later is a testament to the quality and care invested in their work.

Shenton Park is an enviable location, and one of Perth's neighbourhoods showing rapid annual population growth. Living at Shenton Quarter, you're just 400 metres to Shenton Park train station, 150 metres Shenton College and walking distance to world-class healthcare.

Discover your dream home at Shenton Quarter today, <a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park">enquire now via Urban.com.au</a>.

[smartcode_project_cta: project_id=26734]

Olivia Round

Display Tour: Shenton Quarter by Iris Residential in Shenton Park, WA

Golden Age have recently completed Sky Garden, the residential complex in&nbsp;Glen Waverley set above The Glen shopping centre.

The well-regarded architecture firm Rothelowman designed the three towers in south-east Melbourne.

Urban recently spoke to Joe, a renter at Sky Garden, and found out what it&#39;s like living in the development.

JR: What first drew you to Sky Garden?

Joe: I found it by accident while I was looking for somewhere to live. When I went through the website and saw the facilities I made an appointment to see it. As soon as I walked into the room I am sitting in right now, I absolutely fell in love with it.

[smartcode_project:default project_id=2881 project_image_fid=162989]

I thought it was magnificent. I looked out onto the garden, BBQ facilities and was taken down to look at the 25m pool, gym and enjoyed its location above a shopping centre.

I have doctors, dentists, clinics, shops and restaurants right downstairs &mdash; this all really appealed to me. I absolutely love it.

[smartcode_project:default project_id=2881 project_image_fid=162982]

JR: How long had you been searching for a property?

Joe: I was looking for a month. 

JR: Were you always looking for an apartment?

Joe: No, I initially had a townhouse in mind because it has its own garage.

I have a nice Audi so security was a big thing. But when I found this and saw that it has a storage cage, it ticked all the boxes for me.

JR: Why did you choose Glen Waverley? 

Joe: I walk to work, which is 15 minutes away, when I can so that appealed to me.&nbsp;I&rsquo;ve been working in Glen Waverley for the last 38 years.

[smartcode_project:default project_id=2881 project_image_fid=148830]

I also looked at Burwood and Notting Hill, but this one ticked all boxes, as it&rsquo;s so convenient and close to work.

JR: Did you have a set of criteria that the apartment had to meet? 

Joe: Not really. This has two bedrooms, two bathrooms, a good-sized living area and a lovely big balcony. The kitchen is a touch small, but ideal for me.

[smartcode_project_cta: project_id=2881]

Urban recently spoke to Joe, a renter at Sky Garden, and discussed what it's like living in the development


Resident insight: What it's like living in Glen Waverley's Sky Garden

Sky Garden is the recently completed residential complex located above The Glen shopping centre in Melbourne&#39;s Glen Waverley.

Golden Age wanted Rothelowman to create three distinctive buildings of three different characters, based of five natural elements.

Urban recently sat down with Rudy Darmawan, senior associate at Rothelowman, to discuss the project.

JR: What was the design brief for Sky Garden?

RD: The proposed development will be a key landmark for The Glen shopping centre and the greater Glen Waverley precinct.

A designated principal activity centre, Glen Waverley has the infrastructure and amenities necessary to support significant development in line with the planning objectives of the City of Monash.

[smartcode_project:default project_id=2881 project_image_fid=148774]

The proposed development is envisioned as a home for owner-occupiers attracted to the unique opportunities and lifestyle to be found in a vibrant, growing Glen Waverley.

JR: Was there a previous project in particular you took design inspiration from?

RD: The highly contextual response takes design cues from its surrounds.

The urban forms respond to their immediate surrounds, adjacent buildings and contextual boundaries through controlled urban gestures, setbacks and interfaces.

[smartcode_project:default project_id=2881 project_image_fid=148761]

The architecture is clean, contemporary, reflective and vibrant. Each tower draws inspiration from one of three natural elements: Gold, water and fire. The organic composition generates a calm, restrained outcome that contrasts with the varied,active landscapes and streetscapes of the surrounding precinct.

JR: What was the biggest challenge when conceiving the design of the building?

RD: The complex interfacing with the existing active shopping centre, and the compressed programme.

JR: What part of the project were you most looking forward to seeing when the development was completed?

RD: We believe the future evolution of our cities will see developers further embrace the untapped potential of projects like Sky Garden that integrate retail and entertainment precincts.

It means people can shop and be entertained right below their apartment. To live above projects, like The New Glen Shopping Centre, is an opportunity that very few people will come across in the short term.

From a design perspective, these are interesting developments. There is a lot of complexity in the design as the servicing, access and exits of various uses need to be separated. The success of this kind of project is contingent on the quality of the design and the convenience and value it offers. Consumers will make their choice based on these attributes.

[smartcode_project:default project_id=2881 project_image_fid=148765]

The collection of buildings is visually elevated above The New Glen Shopping Centre and is architecturally designed to be collegial, yet each possessing its distinct character; similarly detailed and distinguished by fluid forms, modulation and colours.

Each building has been expressed as a sculptural form that has evolved and been contextualised to hold a symbiotic relationship with the movement of the podium forms, context and greater retail precinct. This consideration extends to each of the ground floor entry lobbies, the design of which relates to the curvature and materiality of each corresponding tower.

The sculptural shapes of the buildings are designed to be appreciated when seen up close as well as from a distance. Their colours have been inspired by the changing hues of the sky.

The colours respond to the skyline, the sun rising in the Dandenongs to the east to the sun setting to the city in the west. The eastern-most tower is a burnished bronze, the western-most tower is a sunset blush and the central tower is an indigo blue, picking up on the sky during the day.

[smartcode_project_cta: project_id=2881]

The proposed development is envisioned as a home for owner-occupiers attracted to the unique opportunities and lifestyle to be found in a vibrant, growing Glen Waverley.



The design details: How Rothelowman designed Glen Waverley's Sky Garden

Sky Garden is the completed Glen Waverley residential complex developed by Golden Age Group.

Spanning&nbsp;three towers designed by the regarded architecture firm Rothelowman, Sky Garden sits above the new and improved $430 million redevelopment of&nbsp;The Glen shopping centre.

The communal showpiece is the aptly named sky garden. Located above the podium levels linking each tower, the sky garden features&nbsp;a bar,&nbsp;kitchen and private dining spaces,, veggie gardens, a kids playground and large lawns with water features.

Urban recently sat down with Golden Age&#39;s sales and marketing director Dandan Zhao&nbsp;to discuss the project.

Why did you choose to acquire the residential element of The Glen from Vicinity?

Sky Garden is a landmark and unpreceded feat of a project we are incredibly proud of. At Golden Age, we are always looking for new ways to do things and we saw an opportunity to partner with Vicinity Centres to deliver a residential component to an existing shopping precinct in a way that has never been done before in Australia, making this project the first of its kind.

[smartcode_project:default project_id=2881 project_image_fid=148771]

Developing within air rights was a fairly new phenomenon within Australia when we launched Sky Garden in 2018 but its location ticked all the boxes. For all stakeholders involved, including Vicinity, it was an incredibly ambitious project with a combined value close to $1 billion but it has paid off in spades.

Did you keep the same architecture plans? If not - what was the design brief for Rothelowman?&nbsp; (If so - what did you like about the plans?)

When we bought the air rights site from Vicinity, the development contained three towers (A/B/C). Originally, Towers A &amp; B were conjoined in an elbow shape almost reading as a large L-shaped building.

We briefed Rothelowman to create three distinctive buildings of three different characters based on the five natural elements. This created separation between the buildings so that they architecturally stood on their own with three different glazing colours.

[smartcode_project:default project_id=2881 project_image_fid=148765]

Both the indoor and outdoor common area amenities were also redesigned to suit our vision for Sky Garden and the garden itself was completely overhauled taking on numerous iterations. We also replanned the apartments so that they catered to the size and layout that our target market prefers, taking experience from our past projects including Sky One.

<a href="/news/vic/the-design-details-how-rothelowman-designed-glen-waverleys-sky-garden">Read more: How Rothelowman designed Sky Garden</a>

What were the key features you wanted to achieve in the development? 

It is a unique project as it is the first time an air-rights transfer above a shopping mall has allowed for a development of such scale within Australia - it&rsquo;s also reflective of a growing trend towards the Asian &lsquo;apartments above mall&rsquo; model.

Designed in collaboration with multi-award winning architect Rothelowman, interiors by DKO Architecture, and featuring landscaping by Aspect Studios, Sky Garden originally launched to market with 555 one, two and three-bedroom spacious residences across three towers. The number of residences has since dwindled to 536 apartments due to demand from downsizers seeking larger floor plans, leading to a number of amalgamations.

Residents have access to a 4,000 square metre outdoor podium garden complete with a relaxation zone, entertainment lounges, BBQs, vegetable gardens, a designated children&rsquo;s play area and outdoor fitness areas.

[smartcode_project:default project_id=2881 project_image_fid=148759]

Other amenities include a luxurious pool, a two-storey fully equipped gym, private dining rooms with BBQ in the terrace which can be booked for private functions, a private cinema, two gaming rooms and a library, alongside more than 240 speciality retail stores and a fresh food market hall situated in The Glen below.

Where have buyers come from, and who is the development appealing to?

The majority of buyers come from local suburbs, particularly the South Eastern suburbs that are within 10 km of the project.

We&rsquo;ve had buyers who are local and want to be within walking distance to Glen Waverley Secondary College or Glen Waverley Primary, including families and grandparents, as well as downsizers who like the convenience of living atop a world-class shopping centre and don&rsquo;t want to sacrifice their lifestyle by moving into a small and standalone apartment.

[smartcode_project:default project_id=2881 project_image_fid=148829]

Then we have professionals who either work nearby or work in the city and are attracted to the connectivity of the project - it has been a true assortment of buyers which is expected given the nature of this project, it quite literally caters to all buyer demographics.

In many cases, families and friends have bought together. There are also people who bought for their parents to downsize, or for children as their first home. Many investors purchased with the idea that this could be their future retirement option or holiday home.

Numerous investors have selected Sky Garden over other projects because they believed its location, amenities and quality would guarantee appreciation overtime.

[smartcode_project:default project_id=2881 project_image_fid=162989]

[smartcode_project_cta: project_id=2881]

Sky Garden is the completed Glen Waverley residential complex developed by Golden Age Group

Everything a buyer needs to know about Sky Garden in Glen Waverley: Five minutes with Golden Age Group

Sixth Ave is the latest Bayside development by the Aultun Group, who pride themselves on identifying development sites close to desirable amenities.

The 59 townhouse development in the sought-after Chelsea Heights&nbsp;has been designed in keeping with its Bayside location&nbsp;by Point Architects. Led by Edgar Grech, Sixth Ave was the first project in the area.

Urban recently sat down with Point Architects director Edgar Grech to discuss&nbsp;the design details of Sixth Ave.

JR: What was the brief of Sixth Ave from Aultun Group?&nbsp;

EG: To develop an open plan neighbourhood community that has active street presence. It was also important to develop efficient two&nbsp;and three&nbsp;bedroom housing for all cross sections of the community.

[smartcode_project:default project_id=32136 project_image_fid=93835]

JR: Where did you take your inspiration from?

EG: Our inspiration was taken from a contemporary design approach&nbsp;

JR: What was the biggest challenge when designing Sixth Ave?

EG: Ensuring that the internal amenity had opportunity for substantial landscaping, that every residence had a sense of address and most dwellings provided the opportunity to have a backyard and sense of place.

[smartcode_project:default project_id=32136 project_image_fid=93832]

JR: What do you think buyers will like most about the design?

EG: The development provides design variety in dwelling sizes and bedroom numbers. It&rsquo;s not a generic one type design in floor plan and facade.&nbsp;

JR: How important was matching the townhouses to fit in with the Bayside suburb?

EG: It fits in form and scale, however, it provides a modern approach.

[smartcode_project:default project_id=32136 project_image_fid=93831]

JR: How important was it to have sustainability features in the Sixth Ave townhomes?

EG: Sustainability is what we all want. We feel this is not an option but an integral part of the design.

JR: Which part of the project are you most looking forward to seeing when completed?

EG: Apart from the architecture, the openness and ease of movement of the development.

[smartcode_project_cta: project_id=32136]

The 59 townhouse development in the sought-after Chelsea Heights has been designed in keeping with its Bayside location by Point Architects

Point Architects discuss the vision behind Chelsea Heights townhouse development Sixth Ave

Expat buying at the top end of the market are leading the way of the changing market.

That&#39;s the view of Colliers Residential director Peter Kerras, who says across Australian media you could say we have a strong fascination with the Australian housing market &ndash; however it doesn&rsquo;t seem to be the case when he speaks to expats.

&quot;A lot of expats who are living in Hong Kong, Singapore, Shanghai, and London to a lesser degree, have no issue with apartment living, because they&#39;ve been doing it for a number of years,&quot; Kerras says, adding that it&#39;s around 80 per cent of expats now buying at the top level.

Kerras, who has been selling apartments across Sydney for over three decades, says for some time we have seen overseas purchaser numbers reduce.

&quot;Previously across our projects we saw a lot of offshore buyers with many based in China,&quot; Kerras says.

&quot;Currently however we are seeing more expats wanting to return to Australia and are actively buying off-the-plan&rdquo;, Kerras noted.

The current strength has been seen far and wide across Sydney&#39;s main prestige areas, from the&nbsp;Upper&nbsp;North&nbsp;Shore to the likes of Vaucluse and Double Bay in the east.

There were three expat buyers in the&nbsp;Avance&nbsp;developed Merrinda at&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/developments/kurraba-point-nsw&amp;source=gmail&amp;ust=1621557175455000&amp;usg=AFQjCNGj5PeMYw8_2JO51pjdtC9Uyy_mfw" href="/developments/kurraba-point-nsw-2089" target="_blank">Kurraba Point</a>, the boutique development of just 14 apartments.

[smartcode_project:default project_id=23292 project_image_fid=161976]

There&#39;s only one apartment remaining in the boutique block designed by PBD Architects.

Kerras says developments now have to cater for a different need.

&quot;Larger developments with more investor focused apartments were the norm for a time, however now the pendulum has swung the other way and we are seeing the downsizers buying larger units or amalgamating apartments.&quot;

Kerras noted the further driver of the downsizer demographic, who are now getting a lot more for their houses as Sydney house prices continue to reach record highs.

&quot;There aren&#39;t too many options for a house-sized apartment at that top end&quot;, Kerras said. He&#39;s been seeing more amalgamations of apartment in yet to be complete developments.

[smartcode_project:default project_id=23292 project_image_fid=161972]

Kerras recently sold two amalgamated apartments in The Bond in Bond Junction to an Australian expat doctor living in Hong Kong.

The Koichi Takada-designed development by Capital Corporation will have 80 apartments and a rooftop cinema by its mid-2023 completion.

The expat had initially been seeking a house in Vaucluse, however the additional cost&nbsp;of land tax in the premium harbourside suburb and a weaker rental yield led the buyer to secure two apartments in The Bond.

There&#39;s also been&nbsp;amalgamations at Northview, a boutique project in St&nbsp;Leonards&nbsp;located in Chandos Street&nbsp;which has nearly sold out.

There were only two one bedders, which were bought together and amalgamated to make a 170 sqm apartment. There was another amalgamation, which saw the total number of apartments downgraded from 12 to 10, well before construction even started.

Prices started from $2.25 million and went up to $3.45 million, selling at around $20,000 per sqm.

Kerras says investors are very different from what they used to be.

&quot;The yield of a property was the number one criteria for investors, however that has now completely changed.

&quot;In the prestige area, it&#39;s more about&nbsp;a quality product, from a quality developer with longevity that they can pass on to their&nbsp;children.&quot;

&quot;They&nbsp;are&nbsp;happy to get a yield of around&nbsp;2&nbsp;to 2.25 per cent a year return and put&nbsp;approximately&nbsp;30 to 40 per cent&nbsp;deposit&nbsp;down on the apartment as a safer place to&nbsp;spend&nbsp;their money,&nbsp;as banks in some countries are charging you to keep&nbsp;money in the bank.&quot;

Peter Kerras, who has been selling apartments across Sydney for over three decades, says for some time we have seen overseas purchaser numbers reduce.



Expats pour in to luxury off the plan Sydney apartment market as Merrinda at Kurraba Point nears sell-out

The Brass Edition residences offer a series of 22 meticulously crafted homes in two and three-bedroom configurations that challenge the boundaries of modern design.

Urban takes a look at seven reasons why you should secure a residence in the luxury complex today. 
&nbsp;

1. Delivered by a Melbourne-based family business

<a href="/buildings/the-brass-edition-144-pascoe-vale-road-moonee-ponds" target="_blank"><img alt="" height="1162" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-12_at_1.16.20_am.png" width="2164" /></a>

Founded by Tony Masa, Melbourne-based property development company Empire Properties is a true family business.

Family-owned and operated, the company has developed a wide range of large-scale residential and community-based projects with a focus on creating highly liveable communities.

Other developments by the firm include Essendon&rsquo;s Glass Street townhomes and the proposed Truganina masterplanned community, Allura Village. 
&nbsp;

2. Designed by an award-winning architectural practice

[smartcode_project:default project_id=3233 project_image_fid=160013]

ClarkeHopkinsClarke is an award-winning architectural and interior design practice with 57 years&rsquo; experience.

Recognised for creating dynamic spaces and transforming Australia&rsquo;s suburbs with high-quality affordable housing, ClarkeHopkinsClarke create vibrant communities.

The firm approaches each residential project as an opportunity to create people-centric places, and this can be seen in The Brass Edition. 
&nbsp;

3. The site is steeped in history

Pascoe Vale Road is steeped in history, with small-scale industries entering the area in the 1950s and 1960s, with firms on the road including R.K. Morgans and Dunston and Son.

Taking cues from its refined industrial heritage, the Brass Edition Residences present a series of transitions from the street and into the building.

The use of reclaimed brick, concrete and bronze cladding pays homage to the history of the site and also period homes of the area. 
&nbsp;

4. Ideal inner-north-west location

[smartcode_project:default project_id=3233 project_image_fid=160023]

Now, one of Melbourne&rsquo;s most liveable suburbs, Moonee Ponds fuses a friendly authenticity with a contemporary community vibe.

The property is located in the chic inner-city suburb with numerous public and lifestyle amenities, including Queens Park, an outdoor swimming pool, shopping precincts and Moonee Valley Racecourse.

Residents are spoilt for choice with an abundance of trendy eateries, wine bars and family dining experiences just a short walk from the home.

The Brass Edition offers a lifestyle choice that brings style, substance and convenience. 
&nbsp;

5. &ldquo;An organic element to every aspect&rdquo;

<a href="/buildings/the-brass-edition-144-pascoe-vale-road-moonee-ponds" target="_blank"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/brassedition_clarkehopkinsclarke_04.jpeg" width="2680" /></a>

Drawing on the heritage of the streetscape, the Brass Edition&rsquo;s architectural design is inspired by modern, clean lines.

&ldquo;Reclaimed brickwork offers contrast against striking bronzed elements, while greenery on every level brings an organic element to every aspect&rdquo;, said Empire&rsquo;s Tony Masa.

Each apartment offers living areas with abundant natural light, floor-to-ceiling windows and large balconies with climbing greenery.

&ldquo;Inbuilt planters and arbour framework encourage creeping and flowering vegetation making the building&#39;s footprint seamlessly blend with the surrounding environment&rdquo;, the project marketing reads. 
&nbsp;

6. Sophisticated interior design

<a href="/buildings/the-brass-edition-144-pascoe-vale-road-moonee-ponds" target="_blank"><img alt="" height="1150" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-12_at_1.19.16_am.png" width="1856" /></a>

Not only is the exterior architecture drawn from the suburb&rsquo;s history, but the interior palette also draws inspiration from a refined industrial design philosophy.

This can be seen in the terrazzo finishes, beautiful timbers and warm veneers curated by ClarkeHopkinsClarke.

&ldquo;The introduction of darker elements such as feature shelving and brushed bronze fixtures offer a visual contrast which brings harmony and balance to each residence, creating a luxury aesthetic that flows organically throughout each area.&rdquo; 
&nbsp;

7. Highly flexible spaces

Residents can make their new home their own at this Moonee Ponds residence, with flexible living spaces, study nooks and retreats that homebuyers can customise.

Large open-plan living areas provide opportunities to reconfigure living or dining, and study nooks can double as libraries.

The outdoor terrace provides the ideal setting for entertaining family and friends. 
&nbsp;

Apartments at the Brass Edition begin at $709,475 for a two-bedroom apartment, while three-bedroom residences are priced from $1,029,800

Not only is the exterior architecture drawn from suburb’s history, but the interior palette also draws inspiration from a refined industrial design philosophy

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Top selling points of the luxury Moonee Ponds apartments, The Brass Edition

Suburban vacancy rates continue to fall, according to new SQM Research data revealed Tuesday.

The Australian investment research house recorded a 0.2 per cent drop in the national residential rental vacancy rate over the month of April, falling to 1.9 per cent from 2.1 per cent in March.

<figure><img alt="" class="image-article-full-width-580px" height="263" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/vacancy_rates.png?itok=K3RQjn1f" title="Vacancy Rates - April 2021" width="580" />

<figcaption>Vacancy Rates - April 2021</figcaption>
</figure>

Melbourne&rsquo;s vacancy rate fell to 4.0 per cent in April from 4.4 per cent, while in Sydney it dropped to 3.1 per cent from 3.4 per cent.

In Adelaide, Canberra and Hobart, the vacancy rate remained below 1.0 per cent, while Brisbane&rsquo;s fell to 1.4 per cent.

&ldquo;Along with the smaller capitals, Brisbane&rsquo;s vacancy rate has become extremely tight and so we are expecting a surge in rents for the city this year&rdquo;, Christopher said.

[smartcode_project:default project_id=26734 project_image_fid=153694]

Vacancy rates in Perth and Darwin saw the most significant drop over the year, with rates falling 1.3 per cent and 1.1 per cent, respectively.

Rents have also jumped in these smaller cities, a trend that SQM managing director Louis Christopher believes we could see continue given the recent commodities boom for iron ore and other base metals.

<figure><img alt="" class="image-article-full-width-580px" height="560" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/asking_prices.png?itok=xko1lk5t" title="Weekly Rents Index - 11 May 2021" width="580" />

<figcaption>Weekly Rents Index - 11 May 2021</figcaption>
</figure>

&ldquo;Demand for rental accommodations is still outstripping supply, which is having the effect of boosting rents in many locations and unaffordable to lower income tenants&rdquo;, Christopher said.

In some locations, including the Gold Coast and New South Wales&rsquo; North Coast, landlords are demanding huge rent hikes, with asking rents soaring 32 per cent for houses on the Gold Coast over the year.

[smartcode_project:default project_id=22057 project_image_fid=150842]

This surge has occurred as people migrate out of the big capital cities and move to regional and warmer locations, as well as the number of occupiers per dwelling fall, the research revealed.

&ldquo;People are also looking for larger properties as they work from home and not wishing to live together.&rdquo;

In contrast, rates for Melbourne and Sydney CBDs remain elevated with the loss of international student tenants combined with apartment oversupply.

These were among the only areas recording rises in vacancy rates, excluding Sydney&rsquo;s Liverpool.

As a result of demand outstripping supply, some locations, including the Gold Coast, are seeing asking rents soaring 32 per cent over the year

National residential vacancy rates continue to fall: SQM Research

The recently unveiled Federal Budget is expected to support home ownership aspirations for thousands of households, according to Housing Industry Association (HIA) managing director, Graham Wolfe.

&ldquo;This budget will make a difference in the lives of thousands of Australians,&rdquo; he said.

A majority of the housing schemes are targeted to help first home buyers bridge the deposit gap and bring the aspiration of home ownership within reach of a broader range of Australians.

[smartcode_project:default project_id=8082 project_image_fid=59642]

Under new measures, budding first home buyers will now be able to access up to $50,000 of their own concessional and non-concessional contributions that they can put towards a first home deposit.

This presents an expansion of $20,000 on the previous $30,000 limit that could be released under the First Home Super Saver Scheme, which has been welcomed by the property industry.

The changes &ldquo;provide greater incentive and motivation for tens of thousands of young, aspirational Australians to save a deposit for their first home through a tax effective scheme&rdquo;, said Wolfe.

CEO of Master Builders Australia, Denita Wawn, said: &ldquo;Harnessing the power of compound interest in superannuation to save a deposit makes sense.&rdquo;

The Government has also committed to an extra 10,000 places for the First Home Loan Deposit Scheme, helping first home buyers secure a property with a five per cent deposit.

<h2>A win for single parents</h2>

<img alt="" height="667" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_1156208419.jpg" width="1000" />

The Budget also expands on the success of the First Home Loan Deposit Scheme with the new Family Home Guarantee, which will assist single custodial parents buy a home with a deposit as low as 2 per cent.

&ldquo;These measures build off the economy-saving success of the HomeBuilder scheme by providing more focused support where it is most needed,&rdquo; Property Council chief executive Ken Morrison said.

This new scheme will deliver single parents, the overwhelming majority of whom are women, a step up to gaining the security that comes with home ownership.

&ldquo;Matching the 10,000 places still to open under the Deposit Scheme from July with a new allocation of 10,000 places under the New Home Guarantee will help ensure first home buyers can choose to buy either a new home or an existing home&rdquo;, Wolfe said.

Single custodial parents will need to wait until next week for a fact sheet with further information on eligibility criteria.

<h2>Other measures</h2>

[smartcode_project:default project_id=22584 project_image_fid=71763]

Other measures revealed by Treasurer Josh Frydenberg also help support workers, downsizers and broader communities.

The budget has committed to lowering the minimum age for downsizer contribution from 65 to 60, allowing a one-off post-tax contribution of up to $300,000 per person when they sell their home.

The Federal Government has also announced additional funding under the National Housing and Homelessness Agreement.

&ldquo;A further $124.7 million to assist states and territories to meet their social and community housing requirements will help meet growing demand for housing support&rdquo;, said Morrison.

Master Builders also announced they were pleased to see the Federal Government stepping up to assist the states and territories with their role to provide community and social housing, following calls for boosted social housing investments.

[smartcode_project:default project_id=3233 project_image_fid=160015]

Other measures also include an extension of the Boosting Apprentice Commencement wage subsidy which has helped restore confidence in job training to grow the next generation of homebuilders.

The government has also continued its 10-year, $110 billion spend on infrastructure, which includes $15.2 billion over the next ten years for new rail and road infrastructure projects, helping build communities.

&ldquo;All up, this is a budget for all Australians. It is very welcome and is strongly supported&rdquo;, Urban Taskforce chief executive Tom Forrest said.

The recently unveiled Federal Budget is expected to support home ownership aspirations for thousands of households

Are first home buyers the winners of the 2021 federal budget?

There was one surprise for the housing sector in tonight's federal budget, and three foreshadowed housing measures were made official.

The federal treasurer Josh Frydenberg advised the parliament in his budget speech that new house starts were now at the highest level in 20 years. 

"New loans to first home buyers reached their highest level in nearly 12 years.

"HomeBuilder has been a huge success and our $2 billion investment in affordable housing is bringing on more supply," he said.

"Our housing measures go even further," he added.

"Helping another 10,000 first home buyers build a new home with a 5 per cent deposit.

"Supporting 10,000 single parents to purchase a home with a 2 per cent deposit. 

"Increasing the amount that can be released under the First Home Super Saver Scheme from $30,000 to $50,000.

"Under the Coalition, home ownership will always be supported," he noted.

The budget effectively continued the First Home Low Deposit Scheme for new homes and off the plan acquistions, and tweaked the First Home Super Saver Scheme, and introduced a new scheme for single parents.

The 10,000 Family Home Guarantees will be made available for single parents over the next four financial years.

The Family Home Guarantee will be available regardless of whether that single parent is a first home buyer or previous owner-occupier. 

Applicants have an annual taxable income of no more than $125,000. 

A fact sheet with further information on eligibility criteria will be available on the NHFIC’s website next week.

The surprise announcement was the government will lower the minimum age for the downsizer super contribution from 65 to 60.

“This will allow Australians nearing retirement to make a one-off post-tax contribution of up to $300,000 per person (or $600,000 per couple) when they sell their family home,” the budget documents advised.

“This improves the flexibility for Australians to contribute to their superannuation savings, and may encourage people to downsize sooner and increase the supply of family homes.”

The budgetary measure will be argued as positive for first home buyers and next home buyers by freeing up established housing stock for younger property buyers.

There was a warning after the budget announcement from the Property Council on the long-term economic consequences of idling population growth.
 
"Budget assumptions anticipate that Australia’s population growth will be limited to only 0.2 per cent over in the next financial year. Net overseas migration is forecast at -77,000 in 2021/22, with a return to normal levels of migration not expected until 2024/25," the PCA noted.
 
“The Budget has revealed that our restricted border is the biggest constraint on our economy.
 
“Our lack of growth is going to catch up with us with economic and employment growth expectations slowing over the forward estimates.
 
“Population growth is not an optional extra for Australia’s economy," the PCA said.

The budget also made $15 billion in additional infrastructure commitments including for:

a) the North‑South Corridor in South Australia
b) the Great Western Highway and Newcastle airport in New South Wales
c) the new Melbourne Intermodal Terminal in Victoria 
d) the Bruce Highway in Queensland
e) METRONET in Western Australia
f) highway upgrades in the Northern Territory
g) Light Rail Stage 2A in the Australian Capital Territory and
h) Midland Highway upgrades in Tasmania.

Josh Frydenberg noted that "when construction work began to dry up, HomeBuilder came to the rescue."



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