International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

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Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

[smartcode_project:default project_id=106566 project_image_fid=374280]

Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

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Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

[smartcode_project_cta:default project_id=106566]

Joel Robinson

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Lowe Living set new Melbourne off the plan apartment record

For more than three decades, Hyecorp has been delivering residential projects across Sydney's Lower North Shore, building a portfolio centred on design-led apartment living in some of the city's most established neighbourhoods.

Hyecorp recently launched the latest in its long line of apartment developments, Celine, a 29-storey tower on Archer Street in Chatswood. Like the majority of the developer's projects, Celine caters to a broad buyer demographic, offering a mix of one, two, three and four-bedroom apartments, all designed with owner-occupiers in mind.

Functionality and flexibility are often buzzwords in the new apartment market, but they sit at the core of Hyecorp's design philosophy.

Hyecorp Joint Managing Director Stephen Abolakian says the developer understands it isn't designing apartments for today's needs alone, but for how buyers will live several years into the future.

"When we launch our projects we need to be aware that these developments aren't finished for several years," Abolakian says.

"That home office in the here and now might be a nursery by the time the project completes for a prospective buyer, so we need to think about how the apartment spaces function for future uses so there's longevity in the ownership."

Celine's architects, Fuse, followed the same philosophy, saying the design extends well beyond aesthetics.

"Celine focuses on timeless architectural form and functionality, with a strong emphasis on light, proportion and materiality. The design responds to the urban context of Chatswood while delivering calm, highly liveable interiors that feel both contemporary and enduring. The floorplans have been carefully resolved to maximise usability and outperform typical market offerings in terms of efficiency and liveability."

Most apartments incorporate multipurpose rooms designed for flexibility. Each includes an integrated desk and a standard Murphy pull-down single bed, allowing the space to transition from a home office or study to guest accommodation as needs change. The layouts have also been designed to maximise natural light, storage and overall functionality.

One and two-bedroom apartments feature Miele appliances, while three and four-bedroom residences are appointed with integrated Gaggenau appliances and Taj Mahal stone benchtops.

Buyers who purchase early in the construction process can also take advantage of Hyecorp's "Live Your Way" interior design service, allowing them to personalise finishes and tailor elements of their home to suit their own lifestyle. It's a feature designed to appeal to owner-occupiers who want their apartment to feel uniquely theirs from the day they move in.

[smartcode_project:default project_id=149594 project_image_fid=362614]

While flexible floorplans have become a hallmark of Hyecorp's apartment design, the developer has also continued to place significant emphasis on resident amenity.

As buyers increasingly expect more from apartment living, shared spaces have evolved beyond a gym and barbecue area. They are now an extension of the home, providing spaces to relax, exercise, entertain and connect with neighbours.

At Celine, the resident amenity has been designed with a focus on wellness, centred on the level six podium. An infinity-edge swimming pool, spa, sauna and fully equipped gym are complemented by barbecue facilities and a residents' lounge, creating a range of spaces for relaxation, recreation and social connection above the streets of Chatswood.

Practical conveniences have also been integrated throughout the building, including EV charging provisions, smart parcel lockers, bicycle storage, a pet wash station and dedicated car wash bays, reflecting the project's focus on making everyday living as seamless as possible.

[smartcode_project:default project_id=149594 project_image_fid=362633]

"Celine has been designed to deliver a refined residential experience that reflects the evolution of Chatswood into a premium urban centre,"&nbsp;Abolakian says.

"With over 30 years of experience delivering projects across Sydney's Lower North Shore, Hyecorp brings a deep understanding of what local buyers value. Every detail has been considered to balance luxury, functionality and long-term liveability. This is not just about apartments, but about creating a lasting residential address for discerning buyers."

Hyecorp, vertically-integrated builder-developer, is anticipating construction commencement later this year.

[smartcode_project_cta:default project_id=149594]

Hyecorp brings 30 years of Lower North Shore experience to Celine in Chatswood

Burgeoning South East Queensland developer <a href="https://www.apartments.com.au/developers/frank-developments">Frank Developments</a> is continuing to pad out its capital city development pipeline.

The developer, led by Frank Licastro, has its sights set on Kingsford Smith Drive in Hamilton, where it is planning <a href="https://www.apartments.com.au/new-apartments/avela-60-kingsford-smith-drive-albion-qld-4010">AVELA</a>, a 166-apartment development across three towers that tier down from 28 storeys to 19 and 17.

The towers will rise above the iconic Breakfast Creek Hotel.

Frank has brought on Melbourne architecture practice <a href="https://www.apartments.com.au/architects/rob-kennon-architects">Kennon</a> to design the building, conceived as a “defining architectural marker where the airport corridor meets the inner city.”

<img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="e787c64e-f0a4-4725-891e-e86b40ee5c5c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA.png?VersionId=1ulwuZ9w2vQ2td7v.J2zUI7Ih_DT4Kwz" />

Kennon describes the project as a once-in-a-generation opportunity.

"Positioned at the northern gateway of Brisbane's primary CBD corridor, this project represents a singular moment in the city's urban evolution, one that will not come again," the architecture practice said in the documents submitted to the Brisbane City Council.

"Where the airport and world beyond meets the city, the building will rise as a sculptural landmark, a defining piece of architecture that signals arrival into Brisbane and anchors the connection between the city and the communities to its north."

<img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="d572bf62-a98d-4847-95d0-889e3d3283e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA%20podium.png?VersionId=6.Ax4jBzTbY5ahm55iaMWNR03ODhDQSm" />

The development is centred around owner-occupier apartments, with a mix of two, three and four-bedroom residences designed to capitalise on city and river views.

Four basement levels accommodate resident parking, allowing the podium to prioritise pedestrian activity and public-facing uses like ground-floor retail, a cafe, a&nbsp;neighbourhood grocer, and a public accessible indoor pickleball court and event space.&nbsp;

There will be nearly 2,000 sqm of communal wellness and recreation facilities across three levels.

<img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="c5ac3cbf-3c11-4219-89f3-e12d9e0f9ffd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA%20podium%20A.png?VersionId=_.4zd1HLCKa1s6I_oxkY4NNqX6o3Yevn" />

&nbsp;

Frank Developments has increasingly focused on design-led residential projects across South East Queensland.

AVELA is Licastro's second on Kingsford Smith Drive following <a href="https://www.apartments.com.au/new-apartments/alba-92-kingsford-smith-drive-hamilton-qld-4007">Alba</a>, 85 apartments just down the road. The developer has <a href="https://www.apartments.com.au/new-apartments/mira-61-garfield-terrace-surfers-paradise-qld-4217">MIRA</a> and <a href="https://www.apartments.com.au/new-apartments/myst-burleigh-heads-270-the-esplanade-miami-qld-4220">MYST</a> on the Gold Coast, as well as <a href="https://www.apartments.com.au/new-apartments/murano-teneriffe-37-wyandra-street-new-farm-qld-4005">Murano</a> coming up in Teneriffe and <a href="https://www.apartments.com.au/new-apartments/bel-air-33-oxlade-drive-new-farm-qld-4005">Bel Air in New Farm</a>.

Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway

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.

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

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?

<html><body>The New South Wales Government are set to announce sweeping changes to the current stamp duty tax that keeps prospective buyers out of the property market.

Ahead of Tuesday's budget, NSW Treasurer Dominic Perrottet said the current stamp duty system was centuries old and in need of an overhaul to give NSW residents a modern tax system.

“This is the single most important economic reform we can tackle to turn the Australian dream into NSW’s reality,” Mr Perrottet said.

“This is a reform proposal for NSW where more people can own their home and have more freedom to choose the right property for their family at every stage of life.

“This is a vision for every person and family in NSW – from first home buyers trying to get a foot on the property ladder, to frontline workers moving to service our regional communities, and retirees who are ready to downsize.

“The NSW Government will work with people and communities to shape any reform over the coming months to ensure it is tailor-made for the current and future needs of our State.”

The decision won't come instantaneously.

The community will be asked if they want the stamp duty system overhauled to allow buyers to opt out of stamp duty and instead choose a smaller annual property tax.

The consultation process will kickstart with a proposed model that would:

· Give people purchasing a property the choice between paying stamp duty upfront or opting for the smaller annual property tax;

· Enable people who opt-in to the system to also eliminate any land tax liability;

· Ensure that the current property owners who are not buying or selling are not affected;

· Replace the current stamp duty concessions provided to first home buyers with a new grant; and

· The proposed model includes a property tax rate that would support and incentivise home ownership with a lower rate for owner-occupiers and higher rates for investors and commercial properties.

Mr Perrottet said the model proposed could bring tens of thousands of dollars of relief to the average home buyer and turbocharge economic growth.

“This model may inject more than $11 billion into the NSW economy in the first four years and boost NSW Gross State Product by 1.7 per cent over the long term,” Mr Perrottet said.

“Reform of the inefficient stamp duty system could also create and support thousands of jobs to boost the economy and kick-start our recovery for a prosperous, post-pandemic NSW.”

The reform could be set in motion in the second half of 2021 after seeking community feedback over the coming months.

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The New South Wales Government will propose radical changes to the "centuries old" tax system

urban.com.au

NSW to propose abolishment of stamp duty tax

<html><body>
St Kilda Road has been the subject of multiple waves of reinvention over the years, and the area is once again in the spotlight, thanks to renewed government and private development interest.

Once flanked on both sides by ornate colonial mansions, St Kilda Road was historically coveted by affluent Melburnians. It was the changes to zoning regulations in the 1950s that transformed the residential area into an extension of the CBD, dominated by commercial office buildings. 

In a full turnaround, developers have again focused their attentions on the area’s potential for luxury city living. As a result, elegant residential towers are beginning to appear along the St Kilda Road corridor.

One such development, The Muse apartments, symbolises the return of ultra-luxury living along St Kilda Road. Featuring panoramic views from Port Phillip Bay to the Botanic Gardens, The Muse will boast opulent living at its peak, with its penthouse holding a city-wide price record of $45 million. 

Beyond St Kilda Road's potential for residential luxury living, developers have also taken into account the considerable government investments in the area – such as the Metro Tunnel and ANZAC station which are currently under construction. The state government estimates that 20,000 commuters will pass through the concourse of Anzac Station daily, and residential developments in the area will be some of the first to benefit from the new infrastructure.

Wuzhong International Director David Shen anticipates a domino effect is likely to occur in surrounding suburbs, which will include their latest development Bowen &amp; Queens which is due for completion by 2021.

<blockquote>
“It is expected the area will be completely revitalised in the coming years, thanks to the effects of ANZAC Station. When constructed, the transport hub will bring foot traffic and with it, more vibrancy, helping the area become an extension of bustling neighbourhood suburbs like South Yarra”
</blockquote>

St Kilda Road is already the busiest tram corridor in the city, so the metro station will help streamline commutes in the area by providing direct connections to the Cranbourne and Pakenham train lines. Alongside $27 million invested in bike lanes, the Southbank Arts Precinct, comprising of the National Gallery of Victoria, the Arts Centres, and various other institutions, will also be a recipient of St Kilda Road’s concerted revitalisation works. 

<blockquote>
“We have made major investments in the St Kilda Road area, particularly with the redevelopment of the Melbourne Arts Precinct and the NGV Contemporary as its centrepiece.”
</blockquote>

Hon. Martin Foley, State MP for Albert Park

The new art gallery, to be built on the site of the Carlton &amp; United Breweries Building, will surpass Hobart’s Museum of Old and New Art (MONA) to become the country’s largest contemporary art gallery.

The State MP for the area is confident that its investments along St Kilda Road in Southbank will help generate more buzz and foot traffic for the area. 

<blockquote>
“The project will bring the Southbank and Arts Precinct to life, with 18,000 square metres of new and renewed public space – enabling visitors to move seamlessly from Southbank and the Yarra, through Melbourne’s iconic St Kilda Road cultural institutions.”
</blockquote>

Martin Foley, State MP for Albert Park

From Southbank to South Yarra, St Kilda Road is ready for a renaissance for both its residents and workers. Time will tell the full effects of the various government and private investment in the area. Still, all signs point to a revitalisation of what is arguably Melbourne’s most elegant strip.  

Lead image: Aerial from above showing Bowen &amp; Queens render amongst St Kilda Road developments. Credit: Wuzhong International.
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Melbourne's St Kilda Road is set to welcome a resurgence of new development

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Three years ago, property developer TOGA acquired the prominent 1.2-hectare Surry Hills Village site. Today, after a series of development application setbacks and design iterations, the final planning application for the new mixed-use precinct has been granted approval by the City of Sydney.

Situated on the corner of Cleveland and Baptist Streets, the prolific heritage building will be retained, while a new series of residential buildings, as well as retail and dining spaces, will be constructed to complement the striking central structure.

The design team consists of some of Australia’s most talented architects, urban planners and interior designers, who aim to revitalise the site, reactivating the streetscape as a place to live, work and play.

<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/surryhillsvillage.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="302" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/surryhillsvillage.jpg?itok=yKUS-6qo" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure><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/surryhillsvillage2.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="380" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/surryhillsvillage2.jpg?itok=-IFHHfgn" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure><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/surryhillsvillage3.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/surryhillsvillage3.jpg?itok=tdWZuiPE" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure><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/surryhillsvillage4.jpg" rel="gallery-all" title="Image supplied."><img alt="" class="image-article-full-width-580px" height="371" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/surryhillsvillage4.jpg?itok=O0ggN6jl" title="Image supplied." width="580"></a>

<figcaption>Image supplied.</figcaption></figure><h2>Design team: </h2>

<ul>
<li>Adam Haddow, Architect and Principal, SJB </li>
	<li>Iain Halliday, Director, BKH </li>
	<li>Sacha Coles, Director, Aspect Studios</li>
	<li> Eva-Marie Prineas, Architect and Principal, Studio Prineas</li>
</ul>
<blockquote>
“We are so excited about this project.  It is our neighbourhood, we live and work in this place.  Our office is here, our bookshop is here, we live here - we’re completely committed to achieving a remarkable outcome for this site.  This area to us is the quintessential Sydney - at the edge of the city, it plays an important role in the ‘and’ of Sydney.  It is not about the beaches or the bush, it is an area focused on creativity and industry, and we’re excited to be contributing to this legacy.”
</blockquote>

Adam Haddow, Director at SJB 

Styled as a market-inspired open-air plaza, the development will include a range of high-end boutiques, restaurants and providores, as well as a Coles supermarket. Residences to be built on the site will include 154 apartments with interiors designed by BKH, as well as luxury penthouses and terraces with curated interiors by SB.

To date, a selection of apartments has already sold, as well as the project’s most expensive penthouse. This property sold for just under $6 million to an Australian expat based in the United States.

The master-planned precinct will also include a 517 square metre public park and feature the highest density of hatted restaurants in one place.

A public laneway will link Marriott and Baptist Streets, while the neighbouring newly completed light rail will act as a connection to the plaza for residents in surrounding suburbs.

<h2>12,000 square metres dedicated to commercial and retail spaces, featuring:</h2>

<ul>
<li>Coles supermarket</li>
	<li>Vintage Cellars</li>
	<li>Boutiques</li>
	<li>Providores</li>
	<li>Restaurants</li>
	<li>Street cafes</li>
	<li>Parking</li>
</ul>
Construction of the market-style mixed-use precinct is set to commence late next year. During construction, a bus service will provide shoppers with a connection to Surry Hills Shopping Village and Coles at Danks Street Plaza in Waterloo.

<blockquote>
“As one of the most celebrated areas in Sydney, Surry Hills Village is surrounded by a melting pot of the city’s finest restaurants, bars, art, music and culture. The precinct we are creating pays homage to this great community’s significant history while helping to shape its next chapter. We’re very proud to be leading the revitalisation of this iconic site and look forward to embarking on the next phase of the project.”
</blockquote>

Fabrizio Perilli, CEO of TOGA
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Olivia Round

Surry Hills Village regeneration project granted final approval to commence construction next year

<html><body>
Following the successful sales of Melbourne's Bulleen Breeze, we caught up with developer Spring Yang of Young Group about the company's goals for the project. We also discussed the role of stamp duty concession and how important a role it plays in the conversion of sales, the value provided by nearby infrastructure upgrades, and how to create a new apartment development which stands out from the rest. 

Urban.com.au: Congratulations on the completion of Bulleen Breeze. Given the current 100% owner-occupier rate, what percentage would you say are first home buyers?

Spring Yang: Thank you! Yes, 100% of purchasers have been owner-occupiers, and around 50% are first home buyers. Which is good because we designed Bulleen Breeze specifically with both owner-occupiers and first home buyers in mind. We did this through several touchpoints including location, local amenity and of course price point - all but one of the residences are under the $600k threshold for stamp duty exemption for first home buyers.

U: In Young Group’s pursuit of targeting owner-occupiers and first home buyers, how did you determine what kind of property first home buyers are after in 2019?

SY: First Home Buyers are highly likely to also be owner-occupiers so that they are eligible for the stamp duty exemption. With this in mind, we focussed on delivering a high-quality home, that we would want to live in ourselves. We knew we had to deliver great value for the purchaser. Price point isn’t the only thing that first home buyers are looking for though; they are also thinking about the local area and the lifestyle that their new home will offer. We think the location is really important, and also the proximity to things like transport and local amenity.

U: What sets the design of Bulleen Breeze apart from other developments in the Bulleen area and surrounding suburbs?

SY: When we purchased the site, we felt like we had hit the jackpot because it’s got everything that we knew was important for what we wanted to create with Bulleen Breeze, and it also addressed the main selling points owner-occupiers look out for such as the proximity to public transport. The design of the project is what sets it apart though. The architects Sgourakis Architects are particularly clever with their use of space to give ample storage and light airy spaces to live in too. Bulleen Breeze is a well-designed, quality project, so we were able to pass on the great value to purchasers. Each home is fully equipped with Bosch kitchen appliances, durable bamboo flooring, and outdoor entertaining areas, and ample car parking in the secured basement.

U: In your experience have you seen a shift in the requirements of first home buyers in recent years?

SY: Certainly since the changes to stamp duty, first home buyers are looking to purchase under that $600k threshold. And of course, in order to get this exemption, they must be owner-occupiers, so they’re also looking for high quality more than investors sometimes do. Our rule across all our residential projects is to only deliver projects that we would personally want to live in – and considering our purchasers, this approach was particularly important for Bulleen Breeze.

U: Do homes under the stamp duty threshold of $600k sell quicker than the more expensive properties?

SY: Not necessarily. It depends on quite a few factors. Certainly, many FHB are looking for property under this threshold, but cheaper doesn’t always mean a better buy. 

U: Given the infrastructure upgrades in surrounding suburbs, are you able to forecast capital appreciation?

SY: The surrounding area around Box Hill/Doncaster has fared well in the recent recalibration of the market. Nearby Box Hill is its own satellite city, with an enormous amount of government infrastructure underway which will be welcome news to purchasers at Bulleen Breeze and local residents as it is much more likely to boost capital appreciation in the area.

U: Which key infrastructure additions/upgrades, in particular, are linked to an increase in house prices?

SY: Local amenity like parks, access to public transport, easy access to freeways, and nearby schools are all quite closely linked to steadily increasing house and unit values. Another key thing to look out for is access to jobs in the area – if there is activity and jobs, then a property is much more likely to appreciate well. Bulleen Breeze hits all of these: there are two train stations close by and bus routes at your doorstep on Manningham Road, it’s near to the Eastern Freeway for drivers, and surrounded by some of Victoria’s best schools such as Templestowe College and Templestowe Valley Primary School. Doncaster Primary School and St Gregory The Great Primary are all close by too. There are also local shopping centres Doncaster Westfield, Bulleen Plaza, and Macedon Square Shopping Centre close by. Box Hill Central is only 10 minutes drive which will be really helpful for residents. Local cafes include The Alleyway Cafe and Good Neighbours cafe. And nearby green spaces include the Ted Ajani Reserve which has a playground for children, and Koonung Creek Reserve and Ruffey Lake Park too.
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Spring Yang of Young Group explains how developers cater to the owner occupier market 

<html><body>
After the course of a competitive tender, the City of Melbourne has recently accepted PDG Corporation’s offer for the land sale and redevelopment of a prominent Southbank site. PDG Corporation’s proposal aims to deliver a vibrant new community village, transforming 132 Kavanagh Street into a 110-metre mixed-use precinct.

<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/screen_shot_2019-07-05_at_4.56.02_pm.png" rel="gallery-all" title="Total Boyd site concept plan"><img alt="" class="image-article-full-width-580px" height="664" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-07-05_at_4.56.02_pm.png?itok=gwlQ4bzr" title="Total Boyd site concept plan" width="580"></a>

<figcaption>Total Boyd site concept plan</figcaption></figure>City of Melbourne Lord Mayor Sally Capp said the agreement was a great win for the community and will be the final stage in the redesign of the J H Boyd Girl’s School site.

<blockquote>
“We’ve negotiated a fantastic outcome to deliver community facilities and affordable housing at the Boyd site, putting the needs of a growing Southbank community at its heart… Offering more affordable housing is one of the most important priorities for our city. This development will include 40 affordable housing units and will achieve a 6-star Green Star certification.”
</blockquote>

City of Melbourne Lord Mayor Sally Capp

The revitalised precinct will include 40 affordable housing units, retail and community facilities, a boutique hotel as well as 1,000 square metres of public space across two levels which will be owned and operated by the City of Melbourne.

<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/_boyd_development_132_kavanagh_st_southbank_-_artist_impression_2_-_july_2019.jpg" rel="gallery-all" title="Boyd development 132 Kavanagh Street Southbank, Artist Impression"><img alt="" class="image-article-full-width-580px" height="410" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/_boyd_development_132_kavanagh_st_southbank_-_artist_impression_2_-_july_2019.jpg?itok=5vFKswWS" title="Boyd development 132 Kavanagh Street Southbank, Artist Impression" width="580"></a>

<figcaption>Boyd development 132 Kavanagh Street Southbank, Artist Impression</figcaption></figure><blockquote>
“The development will feature a vibrant streetscape that links together key public spaces, including the new Boyd neighbourhood park. The park will be completed in the coming months and will create a new backyard for the thousands of residents living in apartments in Southbank.”
</blockquote>

The City of Melbourne recently partnered with PDG Corporation to embark on Munro – a $450 million mixed-use development opposite Queen Victoria Market.

PDG Corporation Managing Director Vince Giuliano said the company’s latest project was similar to the Munro development in the sense that it reflects local character and will bring together “various community spheres in one location”.

<blockquote>
“Our vision is a true vertical village on the park – high-quality residences, affordable housing, fine-grain retail and community facilities… It’s not often you get an opportunity to develop in a location like this. There are no adjoining high-rise buildings and an abundance of green open space, making it prime for a community atmosphere of residential and commercial spaces.”
</blockquote>

Vince Giuliano, PDG Corporation Managing Director

The new development is currently subject to planning approval but is expected to begin construction late next year with a goal to be completed by late 2022.
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Southbank to welcome new community village and affordable housing

<html><body>
I wanted to discuss how residential developments have put in place hotel operational models into these types of buildings and how you can look at alternatives within your own development strategies for an exit, greater flexibility, and/or return.  The idea of a residential developer to look to include a hotel operation within its scope is for these reasons and also varies. 

Typically the developer will allow a mixed-use to accommodate various solutions. One is a “turn key” solution which is the sale of the hotel component as a single line, this allows a reduced percentage of pre-sales required on the remaining residential apartments to seek construction debt funding. However not <a href="/news/hotels-hotels-hotels-why-so-many-new-hotels">all hotel operators</a> like to buy freehold, therefore the other options are to treat this stock as investment stock and take the strata units to the market with a guaranteed return, thus allowing the operator to have a lease in place. 
You may still sell as a single line entry to a freehold investor or typically in these arrangements individual passive investors. In return, the operator is managing a number of landlords vs one. 

A Developer likes to take to the market a guaranteed return and in addition a brand that has loyalty in the marketplace for the success of pre-sales for such stock. A great marketing strategy.  Most new developments provide a lifestyle product that reflects the DNA of a hotel and vice versa “a home away from home”, so there is a natural fit for the residential and hotel operations to co-exist. New developments are also providing concierge services and only make sense having a strong reputable operator to deliver on these services for not only hotel guests but residential owner-occupiers. 

Another option is providing a structure under management rights, the investor of the apartments in these buildings gets the income of the short term letting and in return, the Hotel Operator receives a management fee income. This is a higher return for the investor if appropriately appointing the right operator, a risk-reward option, and also depends on the investor risk profile if this is best suited (hence the lease option as an alternative).   By setting management rights this way generally only works in large residential complexes to cater enough into the rental pool for short term letting to make the hotel operation profitable. The ideal number is 80 rooms. 

The lease and freehold options depend on the product type and its market so this can vary in terms of how many rooms is necessary. It is crucial that the developer prior to going to the market assures and does the appropriate campaign to obtain the right operator that performs, has a loyal brand, strong reputation and has a natural fit for the product that they are branding themselves to whom their buyer is. <a href="/developers">As a developer</a>, there are many benefits in terms of brand, value proposition, and some comfort when trying to get the residential development out of the ground. It is always necessary to carry out your feasibility to ensure the demographic precinct caters towards the short term letting that in turn will meet the investment demand and appetite.
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Nick Dante

Hotel Operations in a Residential Development - benefits for the developer.

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<a href="/developers/beulah">Beulah International’s</a> latest luxury development in Melbourne’s north-eastern suburb of Kew has been <a href="/news/putting-greens-and-hyper-luxury-town-homes-beulah-international-commences-dual-construction-despite-turbulent-property-market">gaining popularity among residents in neighbouring suburbs</a> due to its appealing offer of low-maintenance, luxury living.

<a href="/buildings/the-grounds-of-kew-367-cotham-road-kew">The Grounds of Kew</a> is comprised of 20 two, three &amp; four bedroom palatial homes, providing the many downsizing home-seekers within Kew and surrounding suburbs, the perfect residential option within their desired neighbourhood.

<blockquote>
“It was important to cater to people that wanted to stay within the suburb they know and love but without the upkeep.”
</blockquote>

Adelene Teh, Beulah International Director

Inspired by Sackville Ward mansions and Federation Architecture, The Grounds of Kew maintains the luxurious grandiose without posing the same maintenance and upkeep requirements of the traditional mansions. Instead, residents can spend their time hosting dinner parties in their expansive open plan living areas or practice their swing in their own private outdoor putting green.

<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-grounds-of-kew-367-cotham-road-kew-99d70998de2db31cc3c1de06e4fa9846.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="223" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-grounds-of-kew-367-cotham-road-kew-99d70998de2db31cc3c1de06e4fa9846.jpg?itok=3ctpgF7V" width="580"></a></figure>Beulah International Director <a href="/news/beulah-international-executive-director-adelene-teh-discusses-the-grounds-of-kew-development">Adelene Teh also commented</a> that architect, <a href="/architects/fk-australia">Fender Katsalidis</a> truly understood the resident’s needs, which helped to deliver such a tailored development. 

<blockquote>
“Fender Katsalidis has an amazing understanding of how individuals like to live and always ensure the spaces are designed efficiently and respond to the residents' needs. Their philosophy is underpinned by innovation through collaboration and that was something that really evident working alongside them on this project.”
</blockquote>

The development is just four levels high, and set back from the public domain, giving residents the chance to create their own tranquil oasis, while living among a community of like-minded individuals.

Standing proudly on the corner site of Cotham Road and Bradford Avenue, The Grounds of Kew’s façade is adorned with gilded detailing, delicately draped greenery, and mature trees providing shelter and privacy.  

<h2>THE RESIDENCES</h2>

Living areas feature soft timber floorboards, waterfall edged marble islands and wall-panel joinery giving each home a remarkable sense of space and opulence. Attention to detail is evident in the finest of nuances, including recessed drapes, fluted glass, tasteful bronze accents and illuminated dressing tables within each walk-in wardrobe.

<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-grounds-of-kew-367-cotham-road-kew-100a7451edac1bc05047e15485bf0ef8.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="185" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-grounds-of-kew-367-cotham-road-kew-100a7451edac1bc05047e15485bf0ef8.jpg?itok=5d5Ozn2i" width="580"></a></figure><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-grounds-of-kew-367-cotham-road-kew-75027365d7cac52a0173d30f5abb2a3c.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="382" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-grounds-of-kew-367-cotham-road-kew-75027365d7cac52a0173d30f5abb2a3c.jpg?itok=-b21TPpO" width="580"></a></figure><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-grounds-of-kew-367-cotham-road-kew-ec8cb79524b17677e6962e58796dc926.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="454" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-grounds-of-kew-367-cotham-road-kew-ec8cb79524b17677e6962e58796dc926.jpg?itok=LLw6q4x4" width="580"></a></figure><h2>THE LOCATION</h2>

Just a stone’s throw from Alexandra Gardens, Victoria Park and Macleay Park, residents will be spoilt for choice with some of the state’s best parks within walking distance. Residents can enjoy alfresco dinners in summer and weekend walks amongst nature. Also within walking distance are some of the area’s leading schools, including Genazzano FCJ College, Carey Baptist Grammar School and Methodist Ladies’ College. The commute to the CBD is a breeze with instant access to train, tram, bus and freeway networks within close proximity to The Grounds of Kew.
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Buyers are opting for low maintenance luxury living at lauded Kew address

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Airbnb, the popular short-stay rental platform, has launched a new program which will aim to assist 100,000 health care professionals, relief workers and first responders in accessing accommodation while in self-isolation. This opportunity will give workers who could potentially be exposed to the virus, a space away from household members which will be especially beneficial to those who are at greater risk of catching the virus, such as elderly or immune-compromised relatives. 

<blockquote>
“Medical workers and first responders are providing lifesaving support during the coronavirus outbreak and we want to help.” 
</blockquote>

Joe Gebbia, Co-founder of Airbnb

Since learning of the lack of clean and accessible accommodation for thousands of healthcare workers globally, Airbnb is working to locate available accommodation which is reasonably close to hospitals and medical centres.

Airbnb is also collaborating with businesses, non-profit partners and government agencies such as the International Rescue Committee, International Federation of Red Cross and Red Crescent Societies, International Medical Corps. 

<h2>THE GLOBAL ROLL OUT OF THE INITIATIVE</h2>

The initiative has already commenced in France and Italy, with 4,000 hosts in France volunteering to open their homes to medical workers. 

With the program now launching in Australia, Canada, France, Germany, Ireland, Italy, Malaysia, New Zealand, Spain, Thailand, United Kingdom and the United States, Airbnb hopes to develop more partnerships in the coming weeks. 

<h2>HOW HOMEOWNERS CAN HELP</h2>

Homeowners have also been encouraged by Airbnb to list their homes to house doctors, nurses, caregivers and other medical support staff during this time of need. Airbnb will be waiving any hosting fees to make it easier for homeowners to provide accommodation for those in need.

<h2>HOW WILL HEALTH AND SAFETY BE UPHELD?</h2>

For those who wish to accommodate COVID-19 responders with a safe place to live during the crisis, Airbnb has created a strict set of guidelines to ensure health and safety are maintained.

Hosts must vacate the property before the arrival of COVID-19 healthcare professionals.

Hosts are expected to practice social distancing by minimising their contact with guests during check-ins, and throughout their stay. It is also advised that they avoid visiting the premises while the guest is in residence and wait at least 72 hours between reservations to clean, disinfect and prepare the space for another guest. 

The recommendations published in Airbnb’s guidelines for <a href="https://www.airbnb.com.au/resources/hosting-homes/a/cleaning-guidelines-for-preventing-the-spread-of-covid-19-163">cleaning and safety protocols</a> are all based on guidance from the Centers for Disease Control and Prevention (CDC). The information includes the type of cleaning supplies to use, such as diluted bleach solutions, cleaning products with 70% alcohol and disinfectants <a href="https://www.epa.gov/pesticide-registration/list-n-disinfectants-use-against-sars-cov-2">registered by the Environmental Protection Agency</a> that are believed to be effective against the coronavirus. 

Health care professionals, relief workers and first responders who book accommodation through an NGO (non-profit organisation), government agency or health care system, will also be informed and familiar with the safety protocols they must follow. 

<h2>REQUIREMENTS OF AN AIRBNB HOST DURING THE COVID-19 PANDEMIC</h2>

By signing up for the program, hosts agree to allow guests to finish their reservation or stay for the length of time they need to self-isolate (which may mean the guest needs to extend their stay).

For people who have volunteered to provide free accommodation for health care workers, there is an option to accept or decline reservations, as well as the option withdraw from the program.

Airbnb has advised that people who choose to host a COVID-19 responder should inform their neighbours, to give them a chance to share their concerns or any considerations they may have. The company will also be working closely with local authorities and organisations, as rules surrounding emergency accommodation could vary depending on the country and state. 

<h2>AIRBNB IS AN EXAMPLE OF A COMMERCIAL BUSINESS PIVOTING THEIR STRATEGY TO SUPPORT THOSE IN NEED</h2>

First responders on the frontline of the pandemic are putting their lives at risk every day to ensure the health and safety of the citizens of their nations. It is great to see Airbnb and other accommodation services supporting those in need with initiatives that provide healthcare workers with safe and clean accommodation to help reduce stress during this uncertain period.
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Airbnb plans to help house 100,000 COVID-19 responders

Four striking towers have just been approved for a coveted site in Sydney&#39;s south-western suburb of Alexandria.&nbsp;

Alex Collective, will feature 163 residences, with a dual facade on McEvoy and Lawrence streets. The development is set to be delivered by Alexa Development and Ceerose, with luxury homes starting from $750,000.

<blockquote>
&ldquo;Ceerose has gained an enviable reputation for quality and innovation across our building portfolio. Our respect for the historic fabric of the city is evident in many thoughtfully built developments. Andrew Burns Architecture&rsquo;s industrial spirited and intuitive design for Alex Collective will ensure our newest project becomes an iconic industrial development in Alexandria, leaving a positive legacy in the suburb.&rdquo;
</blockquote>

Edward Doueihi, Managing Director of Ceerose

<a href="/buildings/alex-collective-alexandria-163-173-mcevoy-street-alexandria-nsw-2015"><img alt="" height="556" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpaa0900_alex_co_in02_balcony_copy.jpg" width="1000" /></a>&nbsp;

Inspired by the location&#39;s industrial heritage, architect Andrew Burns has interwoven key characteristics of traditional warehouse design, including saw-tooth rooflines and intricate brickwork. The buildings are joined by sky bridges and feature light wells to encourage plenty of natural sunlight to fill walkways and apartments.&nbsp;

<blockquote>
&ldquo;Alex Collective&rsquo;s robust buildings will add to Alexandria&#39;s industrial character where there is a desire to live in a place that has a sense of place. Inspired by New York style industrial warehouse conversions, individuality is expressed in three distinct forms &ndash; the fa&ccedil;ade, saw-tooth roofs and bridges. Pattern brickwork and metallic cladding further assist in providing rich materiality. The interiors are warm and contemporary with an industrial edge. Their raw textures and natural finishes are timeless, capturing the spirit of the neighbourhood through elegant bay windows.&rdquo;
</blockquote>

Andrew Burns, Principal at Andrew Burns Architecture&nbsp;

A selection of lofts, maisonettes and penthouses will be available for sale, with most homes positioned to be north-facing, with properties on upper levels offering expansive views towards the city skyline, Sydney Park and Alexandria&#39;s streetscapes.

On-site amenities will include three ground-floor retail spaces, a magnesium swimming pool as well as gardens and cabana-style seating areas designed by Landscape Architects, Site Image Group.

<a href="/buildings/alex-collective-alexandria-163-173-mcevoy-street-alexandria-nsw-2015"><img alt="" height="625" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpaa0900_alex_co_ea01_communal_area_dusk_copy.jpg" width="1000" /></a>

Sculptural work by public artist Jamie North will be featured at four entry points on the facade and will incorporate the use of native Australian plants.

Colliers International Project Marketing Director, Ian Bennett, commented that Alex Collective poses a fantastic opportunity for buyers to buy into a popular Sydney neighbourhood.

<blockquote>
&ldquo;Alex Collective offers purchasers a unique purchasing opportunity in one of Sydney&rsquo;s colourful residential areas. We expect buyers to appreciate the superb industrial inspired design, high-quality finishes and open plan spacious designs, most of which have a northerly aspect and top levels enjoy panoramic CBD skyline views. Low interest rates, minimal competition, loan applications becoming easier, a scarcity of good quality buildings and Alex Collective&rsquo;s heritage precinct will drive strong interest in the project.&rdquo;
</blockquote>

Alex Collective: New four-tower residential development launches in Alexandria

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Prospective Melbourne home buyers were the big winners from the Victoria budget last night, with stamp duty concessions announced until the end of June 2021.

The biggest discounts are for new residential builds valued under $1 million, which will see home buyers save 50 per cent on stamp duty, up to a total of $27,500.

Buyers of existing residential property under $1 million will secure a 25 per cent saving of up to $13,750. Victorian Treasurer Tim Pallas said the decision was 'about building a strong recovery and an even stronger future for our state.'

“With a waiver on stamp duty, we’ll help more Victorians find their home and get more Victorians back to work,” Treasurer Tim Pallas said.

[smartcode_project:default project_id=27406]

The budget measure was part of the government’s “Big Housing Build”.

The state government forecasts an 11 per cent peak-to-trough fall in house prices, with the lowest point being next in June.

They forecast that prices will only recover to pre-COVID-19 levels in 2022-23. The budget papers revealed a 25 per cent drop in stamp duty revenue to $4.6 billion in the 2020-21 financial year.

“Land transfer [stamp] duty is expected to recover from 2021-2022 and grow by an average of 15.4 per cent a year, over the forward estimates, but is not expected to reach the 2018-2019 level until 2022-23,” the budget papers stated.

[smartcode_project:default project_id=3298]

“It’s about equity and putting the support and effort where it can best have effect,” Pallas said.

“The aim is to get as many people in that price bracket [$1 million] and below back into the market.”

The Andrews government has also introduced a $500 million Victorian Homebuyer Fund, offered to those unable to afford a house deposit of 20 per cent.

[smartcode_project:default project_id=8082]

That's available for purchases of new and established property.
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The Victorian Government have announced stamp duty concessions for those wanting to get in to the property market until the end of June 2021

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