ANZ believes the Reserve Bank is in no rush to move again.

Following the release of the May Monetary Policy Board Minutes, ANZ has taken the view that the RBA is now firmly in a holding pattern, with the cumulative impact of previous rate hikes giving the Board scope to assess how the economy evolves from here.

That positioning, in ANZ’s view, makes a June rate hike unlikely.

The bank continues to expect the cash rate to remain unchanged at 4.35 per cent for an extended period, with the RBA adopting what is effectively a wait-and-see approach.

The Minutes point to a Board that sees financial conditions as already restrictive, but without a clear read on just how restrictive they are. That uncertainty has shifted the focus away from immediate policy action and toward monitoring both domestic conditions and global developments, particularly the conflict in the Middle East.

As ANZ interprets it, the Board is deliberately avoiding strong forward guidance.

Instead, it is allowing itself flexibility, acknowledging that monetary policy has limited ability to influence the near-term trajectory of inflation, while also recognising that economic growth is likely to remain below potential for some time.

Despite that pause in momentum, ANZ notes that the Board still carries a tightening bias.

The Minutes reveal that, in weighing up its decision, the Board seriously considered another 25 basis point increase. The key debate centred on the trade-off between inflation and activity, particularly in the context of global uncertainty.

Ultimately, most members leaned toward the inflation side of that equation.

Underlying inflation is still expected to remain above target for an extended period, regardless of how external risks evolve. That has led to a view within the Board that the risks to its inflation objective have increased, and that the current cash rate may not be sufficiently restrictive to fully contain those pressures.

That’s important.

While the decision, for now, is to hold, the underlying tone of the Minutes suggests the door to further tightening has not been closed.

ANZ also points to commentary from Assistant Governor (Economic) Sarah Hunter, who highlighted the risk that inflation could pass through the economy more quickly and broadly than in previous cycles. Both Hunter and a majority of the Board expressed concern that inflation expectations could become less anchored after such a prolonged period above target.

That combination, persistent inflation and the risk of expectations shifting, is what continues to underpin the RBA’s cautious stance.

However, where ANZ diverges from the RBA is on the outlook for activity.

The Board appears relatively comfortable with current spending patterns, effectively downplaying recent declines in business and consumer sentiment. It notes that sentiment has historically been only weakly correlated with actual spending, and that feedback from its liaison program has not yet pointed to a meaningful slowdown in consumption.

ANZ is less convinced.

The bank believes the link between household disposable income, sentiment and spending is more direct than the RBA is currently acknowledging. With inflation continuing to erode real incomes, ANZ expects household spending to soften more materially than the central bank is forecasting.

That divergence matters because it shifts the balance of risk.

If activity weakens more than expected, the trade-off between inflation and growth changes. In ANZ’s view, that would reduce the need for further tightening and reinforce the case for the RBA to remain on hold.

It also suggests that the current policy setting may already be doing more work than the Board fully appreciates.

The broader takeaway from ANZ’s interpretation is that the RBA is walking a narrow path.

On one side sits the risk of inflation remaining elevated for longer than expected. On the other is the growing pressure on households and the potential for a sharper slowdown in activity.

For now, the Board is choosing to wait.

But it is a pause that still carries an underlying tightening bias, rather than a clear pivot toward easing.

In practical terms, that leaves the cash rate anchored at 4.35 per cent for the foreseeable future, with the next move still uncertain.

For borrowers, it reinforces the reality that relief is not imminent.

And for the broader economy, it highlights the delicate balance the RBA is trying to strike, between bringing inflation back to target and avoiding an unnecessarily sharp slowdown in growth.

According to ANZ, it is a balance that is becoming increasingly difficult to maintain.

Joel Robinson

RBA to hold rates for "prolonged period" rather than hikes: ANZ

<a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> is down to the final Canopy Villa release at Cumulus Grand Villas in Carrara, as construction continues on the 59-residence gated community positioned above 100 hectares of natural savanna on the Gold Coast.

The remaining Canopy Villa forms part of one of four collections within the <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>-designed community and has attracted interest from buyers seeking larger-format homes that combine privacy, security and low-maintenance living. Positioned within a private cul-de-sac and facing a protected black she oak forest, the four-bedroom villa includes a large private outdoor area suited to pet owners and families wanting more flexible space.

<a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a>, located at 17 Baltimore Court, comprises a mix of three and four-bedroom villas across the Skyline, Canopy, Savanna and Broadview collections. Prices currently range from $1.455 million to $1.895 million, with the final Canopy Villa priced from $1.825 million.

[smartcode_project:default project_id=135663 project_image_fid=360477]

The Canopy Collection villas offer four bedrooms, 2.5 bathrooms and approximately 245 sqm of internal space, alongside double garages and landscaped private areas. Expansive glazing, open-plan living spaces and private balconies have been designed to maximise natural light and outlooks toward the surrounding savanna landscape.

Construction is now underway across the fully funded development, which VentureCrowd says has become an increasingly important consideration for buyers assessing off-the-plan opportunities on the Gold Coast. The project is being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, which has operated in South East Queensland since 1993 and delivered more than 1,000 homes across the region.

VentureCrowd Director of Property David Whitting previously said the project responds to changing buyer priorities in the prestige Gold Coast market.

“Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors,” Whitting said.

[smartcode_project:default project_id=135663 project_image_fid=360505]

The buyer profile at Cumulus has reflected that shift toward owner-occupier-driven demand. Stuart Towns and Tracey Loynes recently purchased a Canopy Villa, drawn to both the lifestyle offering and the flexibility the home provided for their next stage of living together.

The couple, who met three years ago, sold their Robina home earlier this year after identifying what they saw as strong long-term investment potential at Cumulus while remaining within the same Gold Coast market. The villa’s private backyard was a major drawcard for their dog Luna, while proximity to golf courses including Emerald Lakes also aligned with their lifestyle interests.

Beyond the residences themselves, the community has been planned around shared lifestyle and recreation amenities. The Infinity Terrace will include a 20-metre heated pool, barbecue facilities, alfresco dining spaces and elevated retreat areas overlooking the surrounding landscape. Walking trails, a private nature reserve, orchard and herb garden are also integrated into the masterplan.

[smartcode_project:default project_id=135663 project_image_fid=360473]

BDA Architecture Director Darren Greenaway said the design approach was heavily influenced by the site’s outlook and secluded setting.

The practice sought to create what Greenaway described as a “little piece of paradise,” drawing inspiration from the elevated views, surrounding greenery and quiet location.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a> continues to attract buyers seeking larger homes within proximity to the coast but without direct beachfront pricing. Cumulus sits within easy reach of Broadbeach, Pacific Fair, Robina Town Centre and the M1, providing connections north to Brisbane and south toward the Gold Coast Airport and northern New South Wales.

The first stage of Cumulus Grand Villas is targeting completion in 2026.

[smartcode_project_cta:default project_id=135663]

VentureCrowd nears sell-out of Canopy Collection at Cumulus Grand Villas in Carrara

Waverley Council has made a call that many councils have been reluctant to make publicly. Growth is coming, regardless of who controls it.

The release of the Bondi Junction Vision and Master Plan is less about whether the Eastern Suburbs’ primary centre will change, and more about how that change is shaped, funded, and ultimately experienced on the ground. Waverley Council has released a 100-page plan which is effectively the first comprehensive blueprint for Bondi Junction in over two decades, and in doing so, signals a clear shift in how councils are positioning themselves in the current planning environment.

For the past 18 months, the conversation across New South Wales has been dominated by the State Government’s Low and Mid-Rise Housing reforms and the emergence of the Housing Delivery Authority pathway. Both have created faster, more centralised avenues for development approvals, particularly in well-located, infrastructure-rich areas like Bondi Junction.

Waverley Council’s response has been to move early, and decisively.

Rather than react to individual proposals as they come through the HDA or broader State-led reforms, Council has sought to establish a clear, place-based framework that sets the terms for how Bondi Junction evolves. The underlying position is relatively straightforward: if densification is inevitable, it should be tied to infrastructure, public domain improvements, and a cohesive vision for the centre, not delivered piecemeal through ad hoc applications.

<img alt="bondi junction" data-entity-type="file" data-entity-uuid="7f1f729c-ed99-4c6c-bf87-ffbce6991941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-19%20at%209.58.16%E2%80%AFAM.png?VersionId=ULX4OlXKjeJ5BvNCNGL86evgXCjCfMih" />

At its core, the document is attempting to reposition Bondi Junction from what it largely functions as today, a transport interchange anchored by a major retail centre, into something far more layered. The ambition is to transform it into what the plan describes as the “civic and cultural heart of Sydney’s East,” a place that is active beyond commuting hours and capable of supporting a broader mix of uses, experiences and communities.

That repositioning is built around four key ambitions.

The first is to create a true destination. Bondi Junction already attracts significant foot traffic, with more than 86,000 daily transport users and millions of annual retail visits, but much of that activity is transient. People pass through, rather than stay.

The Master Plan seeks to change that dynamic. It leans heavily into the idea of an “18-hour economy,” extending activity well beyond traditional retail hours through dining, cultural programming, events, and a more active night-time offering. This is not just about adding more hospitality venues, but about fundamentally shifting how the centre operates, from a daytime shopping destination to a place that functions across the full span of the day and into the evening.

Oxford Street Mall sits at the centre of that shift.

Long seen as underperforming relative to its potential, the Mall is identified as one of the key catalyst projects in the plan. It is to be reimagined as a day-to-night spine, combining retail, dining, wellness and cultural uses in a way that creates a continuous flow of activity. Outdoor dining, rooftop venues, laneway activation and a curated events program are all part of the strategy, alongside significant public domain upgrades that aim to improve comfort, safety and usability.

&nbsp;

The second ambition is to transform Bondi Junction into a world-class interchange.

Despite being one of the most heavily used transport nodes in Sydney, the current experience is fragmented. Connections between the station, Westfield, Oxford Street Mall and surrounding streets are often unclear, and major roads create physical barriers that disrupt pedestrian movement.

The Master Plan proposes a more seamless, people-focused network. That includes clearer pedestrian links, improved wayfinding, better integration between transport modes, and a rethinking of how arrival into the centre is experienced. The aim is to shift the perception of Bondi Junction from a place people move through, to a place they arrive in.

The third ambition focuses on greening and open space.

One of the more consistent pieces of community feedback throughout the Vision phase was the need for more greenery, better public spaces, and a more comfortable urban environment. Despite being surrounded by major parks, Bondi Junction itself has relatively limited accessible open space, with much of the public realm dominated by hard surfaces and traffic infrastructure.

The plan responds with a network of new and upgraded public spaces, increased tree canopy, and what it terms the “Parkline,” a green link connecting Waverley Park through to Centennial Park. This is not just about aesthetics. It is about addressing heat, improving liveability, and ensuring that increased density is matched by access to high-quality outdoor space.

The fourth ambition is perhaps the most important from a development perspective: growth that gives back.

Bondi Junction is already the primary location for new housing supply in the Waverley LGA, and that is expected to continue. The area carries a target of 2,400 new dwellings by 2029, with further growth projected beyond that as demand for well-located housing continues to rise. The Master Plan does not seek to limit that growth. Instead, it attempts to shape it.

New housing is to be concentrated around transport, with stepped building heights designed to protect the character of surrounding neighbourhoods. At the same time, the plan introduces a more explicit link between development uplift and public benefit. This is where value capture becomes central.

The document outlines a framework where increased development potential is tied to contributions that fund public domain improvements, community infrastructure, open space, and affordable housing. It is an approach that recognises that much of the transformation of Bondi Junction will be delivered by the private sector, but seeks to ensure that the benefits of that growth are shared more broadly. The Civic Precinct is a key part of that equation.

Leveraging Council-owned land, the plan proposes a consolidated civic and cultural hub centred around Ebley Street. This would include new community facilities, cultural spaces, and potentially a new Council Chambers, creating a focal point for civic life that currently does not exist in Bondi Junction at scale.

It is one of several catalyst projects identified in the Master Plan, alongside the Oxford Street Mall transformation. These projects are intended to anchor change, acting as early interventions that unlock broader investment across the precinct.

Importantly, the Master Plan is not just a design document. It includes a delivery framework that sets out how these ambitions are intended to be realised.

Council is explicit in acknowledging that it cannot deliver the transformation alone. Implementation will require coordination between State agencies, private developers, landowners and the community, with a mix of planning agreements, infrastructure contributions and direct delivery mechanisms used to fund and stage improvements over time.

The plan outlines a mix of short-term, medium-term and long-term actions, from immediate public domain upgrades and planning controls, through to larger-scale projects that will unfold over the next decade or more. In practical terms, the next 12 to 24 months will be the most important.

This is when the Master Plan will move through exhibition, refinement and eventual adoption. It is also the period in which Council will seek to embed the framework into its planning controls, giving it weight in the assessment of future development applications.

Council officers have indicated that once the Master Plan is in place, it could be used as a benchmark when assessing Housing Delivery Authority proposals, and potentially reduce the need for further HDA declarations within Bondi Junction. In effect, it is an attempt to bring planning control back to the local level, while still aligning with State housing targets.

That tension between State-led reform and local planning control is not unique to Waverley. It is playing out across Sydney.

&nbsp;

&nbsp;

&nbsp;

If delivered as intended, Bondi Junction will become denser, more active, and more complex. It will support more residents, more workers, and a wider range of uses, extending beyond its current retail core into a more layered urban environment.

“The civic and cultural heart of Sydney’s East”: Bondi Junction masterplan revealed

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.

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

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>

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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?

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The stockpicker veteran Geoff Wilson has bought a holiday home in the Sunshine Beach.

The Double Bay-based founder and executive chairman of the ASX-listed Wilson Asset Management has spent $6.5 million on one of the best street’s on Sunshine Beach.

It’s the same street Therese Rein spent a record $17 million on the home tennis legend Pat Rafter built. Karl Stefanovic spent $3.6 million on the street earlier this year, with nine sales on the street in 2020 ranging between $2.05 million and the big $17 million sale.

The home Wilson bought hadn’t traded for three decades, having last sold for $525,000 in 1990.

Set on 550 sqm, the absolute beachfront, with direct access to the sand, was described as Mediterranean in its marketing, with its plantation shutters, terracotta tiles, colonnaded entrance and slab hut gates.

The two level property has five bedrooms, including a master suite with a private balcony and an open-concept ensuite with a spa bath.

Century 21 Conolly Hay Group agents Mike Hay and Rachel Sellman secured the sale. It was listed for rent pre-Christmas at $3,200 a week, which would see Wilson net a 2.5 per cent yield.

Wilson is based in a Double Bay trophy bought for $10 million by his wife Karen Greer in 2010. He also owns a farm in Berrima.
</body></html>

The Double Bay-based founder and executive chairman of the ASX-listed Wilson Asset Management has bought on one of the best street’s on Sunshine Beach.

Veteran stockpicker Geoff Wilson buys $6.5 million Sunshine Beach holiday home

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Habitat Development Group has secured approval from Economic Development Queensland (EDQ) for a second project in the new Maroochydore CBD, buoyed by recent sales success at their $83 million Market Lane project.

The new $94 million development, the Corso Residences, will include two towers, one 15-storey tower offering 116 apartments, including five penthouses, and an eight-storey tower, comprising 42 apartments and 715sqm of retail space.

Designed by Sunshine Coast-based K Architecture, the project will include a large resort pool on the ground floor and a communal rooftop terrace on level four connecting the two towers.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_corso_residences_-_habitat_-_renders-page-008.jpg" rel="gallery-all" title="The Corso Residences, Maroochydore"><img alt="" class="image-article-full-width-580px" height="446" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_corso_residences_-_habitat_-_renders-page-008.jpg?itok=tKQmxODb" title="The Corso Residences, Maroochydore" width="580"></a>

<figcaption>The Corso Residences, Maroochydore</figcaption></figure>“The recent sales rates at Market Lane have been very healthy and we expect to be sold out in March 2021, 12 months ahead of completion”, said Habitat Development Group director Cleighton Clark.

“The timing for the sales launch of the Corso Residences is scheduled for the second quarter of 2021 and we expect strong enquiry from those that may have missed out on our first project,” he said.

Two-bedroom apartments within Market Lane are listed from $430,900, and includes access to premium amenities, including a resort-style pool, landscaped open space and entertaining areas.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marketlane.jpg" rel="gallery-all" title="Market Lane, Maroochydore"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/marketlane.jpg?itok=XIx94aoo" title="Market Lane, Maroochydore" width="580"></a>

<figcaption><a href="/buildings/market-lane-the-collection-9-market-lane-maroochydore">Market Lane, Maroochydore</a></figcaption></figure><h2>Other luxury developments on the market in Queensland</h2>

Luxury developments are popping up all over Queensland, which has seen luxury markets thrive in Brisbane, Gold Coast and the Sunshine Coast as demand increases for residences with water views and luxury resort-style facilities.

1. <a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">Miles Residences, Kirra Point</a> 
Address: Corner Miles Street and Marine Paradise, Kirra QLD 4225 
One-bedroom apartments from $545,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra-60739cd3988ed11fa9af2d1ab0dede76.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra-60739cd3988ed11fa9af2d1ab0dede76.jpg?itok=qc8QThjv" width="580"></a>

Situated on the north-facing Kirra Point, the KTQ Group’s Miles Residences offers 118 residences in one, two and three-bedroom configurations.

Designed by Woods Bagot, the project includes spacious apartments with a multi-purpose room and a suite of five-star amenities. Residents have access to bike and surfboard storage, resort-style pool and gym.

2. <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One, Surfers Paradise</a> 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
One-bedroom apartments from $480,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/chevron_one_bensons_pool2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/chevron_one_bensons_pool2.jpg?itok=TYpV6v5D" width="580"></a>

The 40-storey Chevron One offers 236 one, two and three-bedroom residences in the Gold Coast suburb of Surfers Paradise. Delivered by Bensons and designed by Marchese Partners, the project includes resort-style amenities, and exclusive ocean views.

Residents will have access to amenities, including an outdoor lagoon pool with floating cinema, an indoor pool and spa, a gym and a residents’ lounge.
</body></html>

max.kwok_55688

EDQ approves second Maroochydore CBD site for Habitat

With many&nbsp;projects expected to reach completion over the coming year,&nbsp;Urban&nbsp;has decided to take a look at five&nbsp;soon-to-be-completed&nbsp;developments&nbsp;offered in&nbsp;Queensland.

1. Cello, Greenslopes 
Address: 5-9 Flora Street, Greenslopes QLD 4120 
One-bedroom apartments from $349,000

<img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/cellogreen.jpg?itok=6EyWDysZ" width="580" />

Set for completion in May, Cello Apartments is the latest addition to Brisbane&rsquo;s Greenslopes. Delivered by CS Development Group, the project offers one, two and three-bedroom residences just four kilometres from the Brisbane CBD.

Resort-style facilities, such as a swimming pool, sauna and spa, and fully equipped gym will be on offer to residents, alongside an on-site library, rooftop observation deck and boardroom.

[smartcode_project:default project_id=28592]

2. <a href="/buildings/opus-16-18-chelsea-avenue-broadbeach">Opus, Broadbeach</a> 
Address: 16-18 Chelsea Avenue, Broadbeach QLD 4218 
Two-bedroom apartments from $599,900

<img alt="" class="image-article-full-width-580px" height="295" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/morrisopus.jpg?itok=2yOuTK57" width="580" />

Morris Property Group&rsquo;s Opus Broadbeach project is slated for completion in mid-2021, allowing potential buyers the time to discover all this development has to offer before moving in. Located in the heart of Broadbeach, the project offers open-plan living, smart design and an enviable location with views over the ocean and Surfers Paradise.

Residents will have access to a two-level recreation deck, open-air pool, landscaped yoga lawn and fully equipped gym.

[smartcode_project:default project_id=6999]

3. <a href="/buildings/terraces-on-sandi-46-portal-street-oxley">Terraces on Sandi, Oxley</a> 
Address: 46 Portal Street, Oxley QLD 4075 
Three-bedroom townhomes with price available upon request

<img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/sandi.jpg?itok=mLou_91E" width="580" />

Located in Brisbane&rsquo;s south-western suburb of Oxley, Terraces on Sandi provides affordable and contemporary living. Delivered by Privium Developments, the homes are slated for completion in May and are set to offer spacious two-storey designs.

The townhomes will include a private courtyard, double garage and some designs additionally boast a walkout balcony off the bedroom. Residents will be in close proximity to amenities such as childcare centres, schools, parklands, sports grounds and libraries.

[smartcode_project:default project_id=24491]

4. <a href="/buildings/mali-residences-4-6-alexandra-avenue-mermaid-beach">Mali Residences, Mermaid Beach</a> 
Address: 4-6 Alexandra Avenue, Mermaid Beach QLD 4218 
Two-bedroom apartments from $765,000

<img alt="" class="image-article-full-width-580px" height="455" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/malires.jpg?itok=iYMwQ9sQ" width="580" />

Dankav Developments&rsquo; Mali Residences offers 55 contemporary residences in one, two and three-bedroom configurations, with apartments available from $765,000. 
Designed by BDA Architecture, the project features a striking fa&ccedil;ade, open-plan entertaining spaces and luxury amenities. Located on the ninth floor is a range of leisure facilities, including a resort-style pool, sauna, gym and residents&rsquo; lounge.

[smartcode_project:default project_id=9088]

5. <a href="/buildings/plaza-central-maroochydore-10-18-pikki-street-maroochydore">Plaza Central, Maroochydore</a> 
Address: 10-18 Piki Street, Maroochydore QLD 4558 
Two-bedroom apartments from $435,000

<img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/plaza-central-maroochydore-10-18-pikki-street-maroochydore-ee0498ba5b937cfe1f662117432d732e_1.jpg?itok=VQx9D_PM" width="580" />

Currently under construction, Plaza Central&rsquo;s first building is scheduled for completion in the last quarter of 2021, offering affordable and spacious apartments from $435,000. Developed by Pindan, the project is located within walking distance to the new Maroochydore CBD and the major retail precinct.

The Sunshine Coast development will be designed by Sprout Architects, offering a choice of two colour palettes, smart contemporary interiors and views overlooking lush greenery and the coast&rsquo;s retail hub.

[smartcode_project:default project_id=22041]

Urban takes a look at five new developments in Queensland that are expected to reach completion in the coming year.

5 QLD residential developments completing construction in 2021

With many&nbsp;projects expected to reach completion over the coming year,&nbsp;Urban&nbsp;has decided to take a look at five&nbsp;soon-to-be-completed&nbsp;developments&nbsp;offered in&nbsp;New South Wales.&nbsp;&nbsp;

1. <a href="/new-apartments/kew-schofields-stage-2-georgette-23-27-schofields-road-schofields">Georgette at Kew Schofields</a> 
Address: 23-27 Schofields Road, Schofields NSW 2762 
One-bedroom apartments from $418,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kewschofields.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="365" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kewschofields.jpg?itok=nyVUxZLF" width="580" /></a>

Georgette, stage two of Positive Investment Enterprise’s Kew Schofields, has been slated for completion later this year. Located in Sydney’s north-west, Georgette offers relaxed, community living with 2700sqm of retail space, parklands and recreation space within walking distance of each property.

Designed by PBD Architects, the light-filled apartments feature ample storage, extended gardens and state-of-the-art energy and storage innovations thanks to a partnership with Tesla. &nbsp;

[smartcode_project:default project_id=32227]

2. Central at The Langston, Epping 
Address: 12-22 Langston Place, Epping NSW 2121 
One-bedroom apartments from $590,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/centrallang.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="266" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/centrallang.jpg?itok=NQSydyBo" width="580" /></a>

Delivered by Cbus Property, The Langston is a collection of three towers which comprises 463 apartments and other mixed-use offerings. Its second stage, Central, is expected to reach completion this year, with 180 one, two, three and four-bedroom apartments on offer across its 24-storeys.

Designed by Architectus, the residences include floor-to-ceiling windows, views of the Sydney CBD or the Blue Mountains and exceptional amenities, such as a pool deck, wellness hub, sky lounge and podium-level gardens. &nbsp;

[smartcode_project:default project_id=29936]

3. <a href="/buildings/kira-5-7-mindarie-street-lane-cove">Kira, Lane Cove</a> 
Address: 5-7 Mindarie Street, Lane Cove NSW 2066 
One-bedroom apartments from $675,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kiralanecove.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kiralanecove.jpeg?itok=Houua9m2" width="580" /></a>

Among the apartments expected to reach completion this year is Hyecorp Property Group’s Lane Cove project, Kira. The development offers contemporary architectural design, with its amenities including a panoramic rooftop garden, lush landscaping and outdoor cinema.

Designed by Hyecorp’s in-house team, Kira offers light-filled one, two and three-bedroom apartments with leafy district views. Its features include state-of-the-art smart home technology, oak flooring and generous storage.

[smartcode_project:default project_id=28792]

4. <a href="/new-apartments/ohana-1-herarde-street-batemans-bay?last_source_news_article_id=89135&amp;ref=news_related_project">Ohana, Batemans Bay</a> 
Address: 1 Herarde Street, Batemans Bay NSW 2536 
One-bedroom apartments from $399,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ohana.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/ohana.jpg?itok=TkhCZ9DX" width="580" /></a>

Set on New South Wales’ South Coast, the picturesque Batemans Bay is known for its beautiful beaches, national parks and welcoming community. Ohana allows buyers to make their favourite holiday spot their new home.

Delivered by Core Developments, the project offers one, two and three-bedroom, beachside luxury apartments and a choice of one of three interior styles by Mon Palmer. The exteriors, designed by JUDD.studio, features undulating and articulated facades, contemporary character and villa-style landscape design. The development also features a communal rooftop garden, pool and open-air walkways.

[smartcode_project:default project_id=26393]

5. Adela, Burwood 
Address: 1-7 Gloucester Avenue, Burwood NSW 2134 
Available apartments from $795,000

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/adela_burwood_hero_1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="364" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/adela_burwood_hero_1.jpg?itok=FyRvAWXm" width="580" /></a>

Construction on Aoyuan International’s Adela project expected to reach completion in the next six months, offering 115 residences in one, two and three-bedroom configurations. Located in the heart of the inner-city suburb of Burwood, Adela takes advantage of the nearby bustling town centre within the sanctuary of leafy streets.

Overlooking Burwood Park, Adela offers shared walkways, green communal areas and courtyards. Designed by PDB Architects, the thoughtful design includes full-height glazing, sliding doors to balconies and quality finishes. &nbsp;

[smartcode_project:default project_id=6842]

Urban takes a look at five new developments in New South Wales that are expected to reach completion in the coming year.

5 NSW residential developments completing construction in 2021

With many developments expected to reach completion over the coming year, Urban has decided to take a look at five&nbsp;soon-to-be-completed developments offered in&nbsp;Victoria.&nbsp;&nbsp;

1. <a href="/new-townhouses/addison-walk-williams-landing">Lincoln Apartments, Williams Landing</a> 
Address: 100 Overton Road, Williams Landing VIC 3027 
Two-bedroom apartments from $419,000

[smartcode_project:default project_id=27675]

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lincoln.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lincoln.jpg?itok=ZUdEgOZp" width="580" /></a>

Set for completion late this year, Lincoln Apartments is located in the centre of the masterplanned community, Williams Landing. Delivered by Cedar Woods and designed by DKO Architecture, the residence features light-filled apartments with balconies, a rooftop garden and a residents&rsquo; gym.

Other offerings include views over the conservation reserve, pleasant greenery and parklands and transport connections.

Cedar Woods is offering investors $15,000 off on their apartment purchases within the project.

2. <a href="/buildings/the-terraces-at-minta-soldiers-road-berwick">The Terraces at Minta, Berwick</a> 
Address: Soldiers Road, Berwick VIC 3806 
Two-bedroom townhouses from $449,900

[smartcode_project:default project_id=27487]

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/minta_townhome.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/minta_townhome.jpg?itok=Ia4t_Fbg" width="580" /></a>

With estimated completion just six months away, Stockland&rsquo;s recent project in Melbourne&rsquo;s south-east expects increased demand from first home buyers. With two-bedroom residences available from $449,900 and three-bedrooms from $529,900, townhomes in the project offer buyers excellent value for money.

Each of the double-storey homes include secure car garages, double glazing, high ceilings and garden landscaping, as well as open-plan living and dining and a fully-fenced garden patio.

3. <a href="/buildings/avenue-by-skelton-14-gleniffer-avenue-brighton-east">Avenue, Brighton East</a> 
Address: 14 Gleniffer Avenue, Brighton East VIC 3187 
Three-bedroom townhouses from $2,290,000

[smartcode_project:default project_id=29935]

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/metr10298_gleniffer-avenue_e01_streetscape.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/metr10298_gleniffer-avenue_e01_streetscape.jpg?itok=BxXV_LQ6" width="580" /></a>

Brighton East&rsquo;s luxury townhome collection, Avenue, offers nine three-bedroom residences with Japanese and minimalist influence. Revealed in Avenue&rsquo;s latest construction update, which you can view <a href="https://www.youtube.com/watch?v=3PDXqOH-ya4">here</a>, potential buyers are now able to see the project&rsquo;s striking pitched roofs upon arrival to Gleniffer Avenue.

Delivered by SKELTON and designed by ADDARC and Jack Merlo, Avenue offers private balconies, ground-floor courtyards, cascading greenery and bespoke kitchens. Double glazing, custom bathroom cabinetry and 4.4-metre-high gabled windows also feature within these luxury homes.

4. <a href="/buildings/two51-on-swan-245-251-swan-street-richmond">TWO51 on Swan, Richmond</a> 
Address: 241-251 Swan Street, Richmond VIC 3121 
Two-bedroom apartments from $1,030,000

[smartcode_project:default project_id=3298]

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/two51-on-swan-245-251-swan-street-richmond-4ec507e5809b1dc1253cc608479756d6.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="396" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/two51-on-swan-245-251-swan-street-richmond-4ec507e5809b1dc1253cc608479756d6.jpg?itok=gg8aYGEf" width="580" /></a>

Expected to reach completion in August, TWO51 on Swan offers the rare opportunity for half and full-floor penthouses in Melbourne&rsquo;s Richmond. Blueprint Projects&rsquo; development offers buyers two, three and four-bedroom configurations in the art deco-inspired building, designed by Watson Young Architects.

Other features include a grand lobby, open-plan layouts, and an expansive open-air &lsquo;winter garden&rsquo;, with integrated balustrades finished with stone, timber and metal textures.

5. <a href="/buildings/heirloom-doncaster-east-908-doncaster-road-doncaster-east">Heirloom, Doncaster East</a> 
Address: 908 Doncaster Road, Doncaster East VIC 3109 
Two-bedroom apartments from $659,000

[smartcode_project:default project_id=26614]

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/heirloom.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/heirloom.jpeg?itok=7c-Ouo_h" width="580" /></a>

Heirloom, a collection of 16 homes in Doncaster East, will also reach completion this year, offering the latest features and modern conveniences to its residents. Designed by ClarkeHopkinsClarke as a vibrant mixed-use community, Heirloom draws inspiration from its location, with home-sized apartments and 1960s furniture pieces.

Delivered by Parkes Property, Heirloom features light-filled interiors, terraces&nbsp;and mini butler&rsquo;s pantries.

Urban takes a look at five new developments in Victoria that are expected to reach completion in the coming year. 

5 VIC residential developments completing construction in 2021

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Heightened sales activity following the Federal Government’s HomeBuilder grant and the Victorian Government's ‘Big Housing Build’ stimulus has translated into an almost 60 per cent increase in first home buyer sales for Mirvac in 2020, compared to 2019.

 “From April 2020, the demand from first home buyers has surged. Buyers have had more time at home to spend researching and with record local interest rates combined with government incentives, the opportunity to enter the market has become truly compelling”, Mirvac’s head of residential, Stuart Penklis, said.

Compared to 2019, Mirvac also recorded a 49 per cent increase in first home buyer enquiries throughout the year.

Across its portfolio Mirvac has seen strong first home buyer demand at its inner-city projects, including its Doncaster project, Tullamore, Voyager at Yarra’s Edge, and The Fabric townhomes in Altona North.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/doncaster.jpg" rel="gallery-all" title="Folia at Tullamore Apartments, Doncaster "><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/doncaster.jpg?itok=E-pFLDi8" title="Folia at Tullamore Apartments, Doncaster " width="580"></a>

<figcaption><a href="/buildings/folia-59-stables-circuit-doncaster">Folia at Tullamore Apartments, Doncaster</a></figcaption></figure>Tullamore’s latest stage, Folia, features a carefully-crafted collection of one, two and three-bedroom residences with prices beginning at $400,000.

<a href="/buildings/the-fabric-188-198-blackshaws-road-altona-north">The Fabric</a>, a sustainable 7-Star townhome community, offers brand new two and three-bedroom homes starting at $695,000.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_fabric_render_1_1030x620.png" rel="gallery-all" title="The Fabric, Altona North"><img alt="" class="image-article-full-width-580px" height="349" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the_fabric_render_1_1030x620.png?itok=rOkUE2e8" title="The Fabric, Altona North" width="580"></a>

<figcaption><a href="/buildings/the-fabric-188-198-blackshaws-road-altona-north">The Fabric, Altona North</a></figcaption></figure>According to Penklis, to meet demand from the first home buyer market, Mirvac released new homes in November which were snapped up at launch, requiring a subsequent release the following weekend.

The success of recent land releases as well as townhomes across Mirvac’s Victorian portfolio is “testament to the impact of the state government stimulus and positive consumer sentiment”, Penklis said.

Voyager, Yarra’s Edge has seen demand predominantly come from professional singles and couples, aged between 25 and 40, interested in one or two-bedroom apartments, whilst enquiries into Mirvac's masterplanned community projects came from young local families.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/voyager.jpg" rel="gallery-all" title="Voyager at Melbourne's Yarra's Edge"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/voyager.jpg?itok=Uubf-xlF" title="Voyager at Melbourne's Yarra's Edge" width="580"></a>

<figcaption><a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008">Voyager at Melbourne's Yarra's Edge</a></figcaption></figure>The 43 level skyscraper in Docklands is set for completion this year and will include 315 residences in one, two and three-bedroom configurations, starting at $601,500.

Regardless of their situation, many first home buyers will continue searching for long-term security in the new year.
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 The demand from first home buyers surged in 2020 and first home buyers are expected to continue looking for long-term security in the new year

Mirvac achieved near 60% increase in first home buyer sales in 2020

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Australian homeowners rank paying off their mortgage as their greatest life priority yet over 50% don't know the exact current interest rate on their home loan, according to new research commissioned by Mortgage Choice.

The research survey found a disconnect between the increased financial concerns borrowers are experiencing from COVID-19 and knowledge of whether their interest rate is competitive.

Only 46.5% of respondents knew their current interest rate, Much fewer in 2020 compared to previous surveys commissioned by Mortgage Choice (61.5% in 2018 and 71% in 2016).

This increased complacency comes at a time when the coronavirus pandemic has put more people under financial pressure. Over 62% of Australians admit that COVID-19 has caused them to worry more about money, with 65.6% trying to boost their resilience by saving more, spending less and improving their financial knowledge.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mortgage_choice_2020.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/mortgage_choice_2020.jpg?itok=Bk5UqzeU" width="580"></a></figure>"Our research suggests that Australians are more focused than ever on their finances, yet many are being complacent with their biggest expense and potentially biggest saving, Susan Mitchell, Chief Executive Officer at Mortgage Choice, said.

Homeowners aged 30 to 39 were the most likely to not know their interest rate (64.5%), with those aged 50 to 59 years close behind at 56.4%.

Ms Mitchell said, "it's so important to know your interest rate because if you’ve been complacent the chances that you are paying too much are extremely high. Every Australian should make it a New Year resolution to review their home loan. Give yourself an early Christmas present by reducing your rate and saving on repayments.”

However, Australians are not keeping track of interest rates or checking to see if they are getting the best deal. Asked how often they review their home loan, 13.7% said never, and 44.4% said every couple of years. Even fewer (41.9%) review their loan annually.

“I strongly encourage all borrowers who haven’t had their loan reviewed in the last 24 months to speak to their broker or their lender to learn if they’re still in a competitive home loan," added Ms Mitchell.

"In the past year alone, the cash rate has dropped by 65 basis points, and many lenders are open to negotiating on rate reductions. Let's say your principal and interest rate is 3.99% and shopping around with the help of a mortgage broker enables you to drop by 50 basis points to 3.49%. On a 30-year home loan of $600,000, the savings could be in the vicinity of $170 a month," she concluded.
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Only 46.5% of those surveyed by Mortgage Choice knew their current interest rate, much lower than 61.5% in 2018 and 71% in 2016

urban.com.au

Majority of Australians don't know their home loan's interest rate

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The popular ARIA-award winner Tones and I has returned to her roots where she made her name as a singer.

The pop singer, whose real name is Toni Watson, has spent $3.3 million on two holiday rentals on the same block just out of town. The homes, known as Starr Cottage and Skye Lodge, share the 1010 sqm parcel.

She's understood to be honouring rental bookings for the properties, with Starr Cottage still available to book at $880 a night. However, despite bookings coming up, Skye Lodge is no longer available for further bookings.

Skye Lodge (pictured top and below) is the grander of the two homes, comprising six bedrooms and three bathrooms, a media room, games room and its own pool. 

<img alt="" height="796" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/skye_lodge_2.jpg" width="1200">

Starr Cottage has four bedrooms and two bathrooms, including a private parents retreat upstairs with ensuite. The lounge opens to private backyard with a swimming pool set in established gardens.

On the property is a separate self-contained one bedroom managers quarters with its own private courtyard and entry. 

Marketed as ticking all the boxes for an investor, owner occupier or holiday maker, both homes have been renovated in keeping with their heritage features including tongue and groove VJ walls, double hung timber windows, ceiling roses and hardwood timber floors.

Watson bought the property in a company name, Johnny Run Away, the name of her debut single released last year. The music video depicts her time busking in Byron, with her CD’s available at $10.

Last year Tones spent $5.1 million on a five bedroom mansion in Melbourne Mt Eliza, the suburb where she was born.
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The pop singer, whose real name is Toni Watson, has spent $3.3 million on two holiday rentals on the same block just out of town



Tones and I spends $3.3 million in Byron Bay

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A Soul Surfers Paradise sub-penthouse fronting the beach is set for auction in late January.

The four-bedroom four-bathroom apartment is located on the 63rd floor of the Soul building on The Esplanade.

It holds panoramic views encompassing the hinterland, city skyline and Pacific Ocean both from inside and from the covered wraparound terrace.

Featuring 455 sqm of internal space, it is one of only two apartments on 63rd floor, accessible via express lift from 4 car spaces.

Along with access to all Soul amenities, including gymnasium, indoor and outdoor swimming pools, spa/sauna/steam room, rooftop gardens and BBQ area, it is a stroll from world famous beaches, shops, restaurants and other amenities.

Robert Graham of Ray White Prestige Gold Coast is marketing 6302/4-14 The Esplanade.

Built in 2011, the sub-penthouse last sold for $3.2 million in 2013.

It was previously put up for sale from late 2017 to early 2018, but did not find a buyer at that time.

The other 63rd floor sub-penthouse, a three-bedroom, two-bathroom affair last sold for $2.4 million in mid-2019.

The penthouse in the Soul building is also currently for sale, having last sold for $3.3 million in June 2019. The most recent sale in the Soul, unit 6601 changed hands for $3.25 million in October last year, having previously sold for $4.6 million in 2013. It is a three-bedroom, three-bathroom unit.

Just below is unit 6402, also currently listed and seeking offers over $4 million.
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The four-bedroom four-bathroom apartment is located on the 63rd floor of the Soul building

Soul Surfers Paradise sub-penthouse set for auction

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North facing, affordable, and excellent on-site amenities were some of the priorities on first home buyer Lisa Luong's list. Lisa used Urban as a research tool before purchasing her dream property at R.Iconic. 

Having been on the home buying journey recently, we asked Lisa what advice she would have for buyers who are considering Melbourne's exciting new development, R.Iconic.

Apartments.com.au: Which apartment configuration did you opt for, and what led you to narrow down your decision to the apartment you have purchased?

Lisa Luong: I purchased a one-bedroom apartment at R.Iconic that has its own study. While the project has some awesome work spaces scattered throughout it, I wanted access to my own private working area but this had to be separate from my bedroom! Another big drawcard which led me to purchasing at R.Iconic was the availability of north-facing apartments within my price range. Lots of natural light is a must-have for me and I am really happy with the apartment I was able to secure.

U: Were you already looking for property when you discovered R.Iconic?

LL: I had been window shopping for a little while before I found R.Iconic and started to think seriously about purchasing my own place. I felt like there was always something missing from the different apartments I was enquiring at before coming across the project – this was usually due to size or configuration. R.Iconic was very reasonably priced in comparison to projects in similar inner-metropolitan areas, and the purchaser incentives available, like the HomeBuilder grant, was definitely something which helped me reach my decision.

<figure><a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne"><img alt="" class="image-article_full_width_580px" height="354" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/riconic-melbourne-253-273-normanby-road-south-melbourne-2d21669256a3bb69584a6a2b128cdaed.jpg?itok=sInST2qk" title="R.Iconic communal rooftop garden" width="580"></a>

<figcaption>R.Iconic communal rooftop garden</figcaption></figure>U: Since this is your first property purchase, how did you find the due diligence research and purchase process?

LL: I actually found the due diligence process quite complicated. Apartment conveyancing can get pretty tricky at the best of times as there is a lot of paperwork to familiarise yourself with and complete. Thankfully the R.Iconic sales teams were really supportive throughout this process and helped me with all my enquiries.

U: What advice would you have for other first home buyers?

LL: My first piece of advice to other first home buyers would be to write down all the questions you have and make sure these are answered before committing to your purchase. Like most people out there, buying a new home is a huge investment, so I wanted to be absolutely certain the apartment I was looking at R.Iconic was the right one for me. I would also encourage first home buyers to do as much research as they can – believe it or not, I actually jumped onto Apartments.com.au during my research phase which was really insightful!

<figure><a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne"><img alt="" class="image-article_full_width_580px" height="341" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/riconic-melbourne-253-273-normanby-road-south-melbourne-155e09fe7a5266ce1214465eb07766de.jpg?itok=--PtEh29" title="R.Iconic's luxurious swimming pool" width="580"></a>

<figcaption>R.Iconic's luxurious swimming pool</figcaption></figure>U: What do you love most about what R.Iconic has to offer residents?

LL: The extensive list of amenity has something for everyone and the development’s convenient location in the CBD South precinct is perfect for city workers who want to be close to the office but out of the hustle and bustle of everyday city-living.

U: Did you have a set of criteria that your first home had to meet?

LL: I was looking for apartments with great amenity in up-and-coming areas, however I did not want to buy in a spot that was super busy. This meant living in the heart of the city was off the cards for me as I think it is too congested. Instead, I wanted to live in a residential area closer to established homes and in a great neighbourhood – R.Iconic definitely met this criteria!

U: What was it like negotiating with the sales agent and the team at R Corporation?

LL: All my dealings with the R.Corporation team were great! They would always answer my enquiries in a timely manner and did so in a straightforward way that was simple to understand. My questions and requirements were always paramount when dealing with the development and sales teams which made the complexities of purchasing my new apartment a lot easier.

<figure><a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne"><img alt="" class="image-article_full_width_580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/riconic-melbourne-253-273-normanby-road-south-melbourne-fc17fc67f571260438f31e4c62098cf3.jpg?itok=igFT1qon" title="R.Iconic's resident lounge" width="580"></a>

<figcaption>R.Iconic's resident lounge</figcaption></figure>U: What made you decide to buy off-the-plan rather than an existing dwelling?

LL: Something that ultimately shaped my decision to buy off-the-plan at R.Iconic was how much value you get for your money. The project is absolutely packed with useful everyday amenity which made it stick out from the other apartment candidates I was considering at the time. R.Iconic’s HomeBuilder grant eligibility was another key component which helped shape my decision to purchase off-the-plan at the project – I did not know apartments could even be eligible for this until the development and sales teams told me!

U: R.Iconic has a pretty impressive on-site amenity list. Which amenity is your favourite? 

LL: I cannot wait to get into the listening room at R.Iconic! I am a big fan of all things classical music and was so excited when I saw this space on the list of amenity at the project. It is such a great idea and it will be a good way to meet new people. I am also looking forward to getting my fitness levels up around the outdoor new running track. I love how this has been integrated into the project’s design and hopefully it will get more people outdoors and breaking a sweat!

<a href="/news/urbans-tour-of-the-r-iconic-display-suite">Watch Urban's tour of the R.Iconic display suite.</a>
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