<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

Joel Robinson

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer Big Projects brought in the renowned Sydney-based design studio YSG to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for Big Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of Big Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Architecture, with landscape design by LDG.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its design flair/ appeal,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. Big Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Big Projects taps Sydney’s YSG for first multi-residential project at The Frederick Mermaid Beach

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

[smartcode_project_cta:default project_id=150128]

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

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?

There's no slowing down the popular, design-driven Melbourne apartment developer Milieu.

Currently working on <a href="/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a>, a garden community in Elsternwick, and nearing completion of the <a href="/new-apartments/plant-street-by-milieu-malvern-1-plant-street-malvern">Plant Street Malvern project</a> later this year, Milieu is preparing to launch its sixth project in <a href="/new-apartments/brunswick-vic-3056">Brunswick</a> project, one of Melbourne's trendiest suburbs.

The developer has secured approval for a nine-level, mixed-use development on the corner of Dawson and Saxon Street, just off Sydney Road and next to the famous Brunswick Baths.

[smartcode_project:default project_id=136434 project_image_fid=306343]

The new project, to be known as <a href="/new-apartments/saxon-street-by-milieu-10-dawson-street-brunswick">Saxon Street by Milieu</a>, will provide much-needed housing stock to the area, with apartments to be incorporated into the Jackson Clements Burrows Architect-designed building located in Brunswick’s Major Activity Centre.

The new building, with 78 apartments, will replace The Brosnan Centre, on an irregular shaped, but prime 1,764 sqm site in an area known as the civic and cultural epicentre of Brunswick, also adjoining councils brand new arts precinct known as Balam Balam Place.

<img alt="Milieu Brunswick" data-entity-type="file" data-entity-uuid="b172aa05-75e1-4ec0-9494-1f94615a0847" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%202.09.49%20pm.png?VersionId=SOFldlPMDi.4ZIaJUw5OT4.60qGHee6s" />An image from the town planning submission: Image Credit: JCB Architects

The gas-free building will be made up a diverse mix of one, two and three-bedroom apartments&nbsp;over two levels of basement bar parking.

Milieu says&nbsp;the design, which includes landscaping by Oculus and interiors by Design Office, centres on sustainable initiatives that will reduce the cost of living.

"Designed with the future in mind, this project has been considered for its positive impact on the local community," Milieu says.

"Alongside the homes, the project will enhance the precinct through substantial improvements to public infrastructure and pedestrian access."<img alt="Milieu" data-entity-type="file" data-entity-uuid="887fd8f0-c41d-4157-bfc5-e35874f6a56b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%202.10.01%20pm.png?VersionId=lkLmPhE6jcSq60dAZS3Yy5bPPzOx3aEa" />An image from the town planning submission: Image Credit: JCB Architects

The developer, founded in 2010 and led by Michael McCormack and Shannon Peach, said the&nbsp;Merri-bek Arts and Culture Precinct&nbsp;continues to evolve, fostering the arts and promoting health and wellness throughout the area.

In the design documents submitted to the Merri-Bek Council, JCB said the proposed building serves to sites neighbouring architectural heritage and substantially improve the public realm.

"Informed by neighbouring arched windows, a curved language is introduced to canopies, floor plate edges and parapets. This language is then exaggerated with introduction of semi-circular protruding balconies contrasting with the building’s otherwise rational façade."

<img alt="Milieu" data-entity-type="file" data-entity-uuid="ee02a473-0e3b-47cb-b302-7f3e0868e245" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%202.10.13%20pm.png?VersionId=ffuDtieMREIweTkVklIknTIaNsBD8vcT" />An image from the town planning submission: Image Credit: JCB Architect 
 
JCB said a&nbsp;key move made to improve the precinct is a 3.7-metre ground plane setback from Saxon Street widening an existing compromised narrow footpath.

"This significant urban gesture strengthens the physical connection between Dawson Street and Siteworks, a key Merri-bek cultural amenity," they said.

Saxon Street by Milieu is expected to launch in the coming months.

[smartcode_project_cta:default project_id=136434]

Exclusive: Milieu secures approval for new Brunswick apartment project, Saxon Street by Milieu

Brisbane's unit market continues to see impressive growth in 2025.

After reaching a four-decade high in 2024, with a remarkable 16.6 per cent growth—the highest calendar year increase since the mid-1980s—Brisbane units have sustained their momentum.

According to CoreLogic's latest Home Value Index, unit values rose by 0.7 per cent in February, making it the second-best performing capital city unit market. This follows strong growth of 0.6 per cent in January and 0.8 per cent in December, demonstrating consistent upward movement.

The median unit price in Brisbane is now approaching $700,000, up from $568,000 at the start of 2024.

Unit values have consistently outpaced house prices, with house values remaining flat in February.

Brisbane’s performance aligns with broader national trends. While many capital cities began experiencing negative growth in the latter part of 2024, the February interest rate cut has reignited demand, reversing some of these declines.

<h2>What happened in Brisbane’s off the plan apartment market in February? &nbsp;</h2>

A major policy shift was announced in February that will significantly impact Brisbane’s new apartment market.&nbsp;

The Queensland Government revealed that first home buyers purchasing a new property will no longer have to pay stamp duty, removing a major upfront cost that has long been a barrier to homeownership. &nbsp;

The policy aims to increase home ownership rates in Queensland, which have been at their lowest in the country over the past decade.&nbsp;

The move is also expected to provide a boost to new apartment sales, particularly in Brisbane, where demand from first home buyers is strong. &nbsp;

Read more:&nbsp;<a href="/news/qld/first-home-buyers-to-pay-no-stamp-duty-on-new-property-in-qld-gov-shakeup">First home buyers to pay no stamp duty on new property in QLD Gov shakeup</a>

February saw Sekisui House Australia reveal Callista on Park, the final stage in their thriving West Village precinct.

After nearly a decade of transforming the former Peter's Ice Cream Factory site in Brisbane's West End,&nbsp;<a href="/developers/sekisui-house-australia" target="">Sekisui House</a>&nbsp;Australia has&nbsp;unveiled the final opportunity to buy into the thriving West Village community.

[smartcode_project:default project_id=134800 project_image_fid=330238]

<a href="/architects/rothelowman">Rothelowman</a>&nbsp;has designed&nbsp;<a href="/new-apartments/callista-on-park-west-end-49-mollison-street-west-end">Callista on Park</a>, a mix of two, three and four-bedroom apartments across a 14-level building.

The plans were rejigged to shift the majority of the building amenity to the roof, giving future Callista residents a rooftop retreat with extensive views of the Brisbane CBD skyline.

[smartcode_project:default project_id=134800 project_image_fid=330244]

The name Callista on Park has European origins. "Callista," meaning "most beautiful" in Greek, honors the West End area's strong Greek community from the 1980s. It signifies "most beautiful" because it represents West Village’s most premium offering. "On Park" reflects its prime location, fronting Mollison Park, a central green space that hosts events such as the annual Brisbane Ice Cream Festival, pizza and pinot evenings, gardening workshops, and fashion events. It is also situated next to the historic Peters Ice Cream building, home to West Village’s popular farmers market.

Read more:&nbsp;<a href="/news/qld/west-village-final-stage-revealed-as-callista-on-park-launches-to-the-market">West Village final stage revealed as Callista on Park launches to the market</a>

The demand for more premium apartments in Brisbane has also been evident in <a href="/developments/toowong-qld-4066">Toowong</a> where <a href="/developers/consolidated-properties">Consolidated Properties</a> has secured the majority of sales of its penthouse collection at&nbsp;<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>.

Just two penthouses and a river home are left in the riverfront development after nearly $50 million in penthouse sales. The majority of buyers have been local downsizers.

[smartcode_project:default project_id=113455 project_image_fid=302322]

The final remaining residences, priced from $4.4 million in Monarch which is currently under construction through Hutchinsons and will be completed by the end of the year.

Read more:&nbsp;<a href="/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">Penthouses snapped up at Toowong's Monarch Residences</a>

City Beat February 2025: Brisbane unit market outperforms houses as government abolishes stamp duty for first home buyers

Landream’s landmark $900 million <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> development - the premier residential development in the Blackwattle Bay precinct - has now started taking registrations of interest.

The historic project, borne after years of negotiations, will finally revive the site that was home to the City of Sydney Council’s former depot, giving the area a much-needed facelift and leading the charge in transforming Sydney’s western harbour.

<a href="/developers/landream">Landream</a> lodged a development application for the project in 2019 which has since been approved.&nbsp;<a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> also sets the tone for the NSW Government’s ambitious plans to reshape this iconic harbourfront into a thriving urban hub.&nbsp;

[smartcode_project:default project_id=138909 project_image_fid=330853] 
&nbsp; 
Located at 14-26 Wattle Street, <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> will deliver 237 apartments. The project’s thoughtful design and integration into the Blackwattle Bay masterplan demonstrate market confidence in the area’s evolution as a vibrant and walkable precinct. 
&nbsp; 
Landream continues to solidify its expertise at residential development having delivered several high-end projects in both Sydney and Melbourne including another complex site in Sydney - the former Coca-Cola building in Circular Quay which was transformed into Opera Residences in 2021.

<h2>First in a revitalised precinct</h2>

Positioned at the gateway to Blackwattle Bay, <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> takes pride in being the first significant private development within the precinct.

[smartcode_project:default project_id=138909 project_image_fid=330852]

Its strategic timing aligns with the Government’s push to rezone Blackwattle Bay while further enhancing the $750 million Sydney Fish Market redevelopment next door. Together, these projects will transform the western harbour into a vibrant residential living, business, and tourism hub.

<h2>Market dynamics and job creation</h2>

The precinct’s rezoning has created opportunities for residential expansion. <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> is perfectly placed to meet the growing demand for city-fringe apartments and mixed-use amenities.

[smartcode_project:default project_id=138909 project_image_fid=331808]

Construction is expected to begin in mid-2025, bringing substantial economic benefits, including hundreds of construction jobs and long-term retail activation.

<h2>Seamless integration</h2>

Designed by BVN, <a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> will seamlessly integrate into the area’s evolving character. The four-building development will include a childcare centre, a two-court indoor recreation centre, 237 apartments and a range of communal amenities. These include an outdoor pool, gym, music room, communal landscaped terraces and open spaces designed by OCULUS.

[smartcode_project:default project_id=138909 project_image_fid=330856]

Ownership of the childcare centre and the two court recreation centre will be handed back to the City of Sydney.

Public through-site links will connect Jones Street to Wattle Street as well as Wentworth Park Light Rail station, ensuring convenient access to transport options. With proximity to the future Metro West station and ferry routes, Pyrmont Place will be one of Sydney’s best-connected residential hubs.

<h2> 
Architectural excellence meets sustainability</h2>

<a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> has been designed to honour Pyrmont’s industrial roots and sandstone heritage. Each building will feature a distinctive façade, creating a neighborhood vibe that harmonises with the surrounding environment.

[smartcode_project:default project_id=138909 project_image_fid=331808]

Green landscaped communal terraces, integrated plantings, and sustainable design elements will reflect Landream’s commitment to ecological development

<h2>A Confidence Boost for Sydney’s Western Harbour</h2>

<a href="/new-apartments/pyrmont-place-14-26-wattle-street-pyrmont-nsw-2009">Pyrmont Place</a> underscores Landream’s commitment to Sydney’s future as a global city. The development’s design and timing demonstrate strong market confidence in the western harbour’s evolution into an urban village of global significance. 
 
"Pyrmont Place embodies our vision for creating transformative urban spaces that honour the past while embracing the future," says&nbsp;Harvard Shen, Director at Landream.&nbsp;

"This project isn't just about delivering premium residences – it's about crafting a vibrant community that will become the catalyst for Pyrmont's evolution into one of Sydney's most desirable waterfront neighbourhoods."

[smartcode_project_cta:default project_id=138909]

Positioned at the gateway to Blackwattle Bay, Pyrmont Place takes pride in being the first significant private development within the precinct

Landream reveals $900m Pyrmont Place apartments

The unit market on the Gold Coast shows no signs of slowing down.

After a brief cooling in December, where the market remained flat, 2024 still saw values climb by more than nine per cent.

The <a href="/developments/gold-coast-qld">Gold Coast</a> unit market kicked off 2025 strong, with a 0.5 per cent gain in January. CoreLogic’s Monthly Index for February revealed further growth of 0.6 per cent, pushing the median unit value on the Gold Coast to $832,000.

House values have followed a similar trajectory, with a 0.7 per cent rise in February. The median house value on the Gold Coast is $1.2 million.

The growth in Gold Coast property market aligns with national trends, as February saw a reversal of the short-lived housing downturn.&nbsp;

Although the national index increased by just 0.3 per cent, regional housing markets, including the Gold Coast, continued to outperform capital cities.&nbsp;

CoreLogic’s research suggests that this growth is being driven by improved buyer sentiment, spurred by expectations of lower interest rates and a slowdown in new property listings. &nbsp;

<h2>What happened in Gold Coast’s off the plan apartment market in February? &nbsp;</h2>

Sentiment in the Gold Coast off the plan property sector remained strong in February.

Although slightly softened from its 12-month highs in January, interest in new projects on the Gold Coast remained elevated in February, surpassing levels seen throughout most of 2024.

In February, views of projects in Surfers Paradise reached a new 12-month peak, surpassing even January’s numbers, reflecting continued strong demand in the heart of the Gold Coast.

While the market remained robust, February was a relatively quiet month in terms of updates.

The biggest news came from <a href="/developments/broadbeach-qld-4218">Broadbeach</a> where&nbsp;<a href="/developers/bassar-group">Bassar Group</a> lodged plans for a new 33-level tower, <a href="/new-apartments/avva-19-anne-avenue-broadbeach">Avva</a>, on Anne Avenue.<img alt="First look: Bassar Group plot next Broadbeach tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-28%20at%202.05.20%E2%80%AFPM.png?VersionId=dV3x91xH8xvn3Arl5LktpKnCVHjNQlQH" />

<a href="/new-apartments/avva-19-anne-avenue-broadbeach">Avva</a>, the Greek translation for Anne which reflects the heritage of Bassar Director Leo Sarris, will feature a range of amenities on the podium levels, from a lap pool with day beds to a wellness area with a gym, yoga deck, hot and cold plunge, and a sauna and steam room.

Sarris said the conditions are right for their next installment of luxury in <a href="/developments/broadbeach-qld-4218">Broadbeach</a>.

"We're excited to announce the next Bassar tower following on from Infinity which sold out before construction completion," Sarris says. They've kept the same design team, with BDA again on board.

Read more:&nbsp;<a href="/news/qld/first-look-bassar-group-plot-next-broadbeach-tower">First look: Bassar Group plot next Broadbeach tower</a>

Broadbeach is always the most popular suburb on Urban for new apartments. Bringing more timely supply to the market in Febraury was&nbsp;<a href="/developers/amalgamated-property-group">Amalgamated Property Group</a>, who officially launched Affinity, their 39-storey development on Chelsea Avenue.

It's the first new development in Broadbeach to hit the market fresh in 2025.

[smartcode_project:default project_id=107690 project_image_fid=324819] 
&nbsp; 
Featuring 180 two and three-bedroom apartments, <a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity</a> aims to attract owner-occupiers with spacious floor plans, coastal views, and an extensive range of amenities, including a heated outdoor pool, gym, and private dining areas.&nbsp;

Construction is expected to commence in the second quarter of 2025. &nbsp;

Read more:&nbsp;<a href="/news/qld/amalgamated-property-group-launches-affinity-broadbeach-apartments-ahead-of-construction-commencement">Amalgamated Property Group launches Affinity Broadbeach apartments ahead of construction commencement</a>

Staying within the centre of the Gold Coast but on its fringe is Capri Villas. In February, developer&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a> released the final stage of the gated community on the Isle of Capri, with construction progressing towards mid-2025 completion.&nbsp;

Offering something different to the new development market on the Gold Coast, <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri Villas</a> offer low maintenance living while retaining that feeling of living in a house.

[smartcode_project:default project_id=139511 project_image_fid=324087]

The three and four-bedroom villas are spread across a 12,000 sqm community behind a secure gate only accessible by residents and its guests. Once inside the gates, it feels like an American country club, with private roads leading to the villas.

Located in <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a>, the boutique development has been well received by buyers seeking waterfront living. &nbsp;

Read more:&nbsp;<a href="/news/qld/final-release-at-capri-villas-as-construction-speeds-toward-mid-2025-completion">Final release at Capri Villas as construction speeds toward mid-2025 completion</a>

CoreLogic's Monthly Index for February showed further 0.6 per cent growth, taking the median unit value on the Gold Coast to $832,000.

City Beat February 2025: Gold Coast property market continues upward trajectory

Deicorp has secured planning approval for its latest <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill apartment development</a>.

The developer will deliver 873 dwellings across five residential buildings in the East Showgrounds Precinct, next door to their now under construction 430-unit Hills Showground Village.

The new development will comprise of three buildings designed by GroupGSA and two designed by TURNER and will include arund 3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.

<img alt="Deicorp" data-entity-type="file" data-entity-uuid="9e5b79fb-bcb4-4a0e-855a-497aa429e3e0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-04%20at%2010.44.22%E2%80%AFAM.png?VersionId=vLuMGyeVt3uNg.2crQ2AzPaTEJLc.E9v" />

Deicorp was chosen by Landcom and Sydney Metro to develop both sites, with the new project&nbsp;delivering 136 one-bedroom, 527 two-bedroom and 210 three-bedroom dwellings.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said Deicorp’s founder Fouad Deiri.

“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new Hills Showground Village retail precinct currently under construction.

“We look forward to deliver this much-needed housing that adds to our significant pipeline of projects along the Metro line, which includes Tallawong Village, Hills Showground Village, and The Five Ways in Crows Nest which recently was granted development approval.

“Importantly, the East Showgrounds development will include 44 affordable housing apartments for key workers on the doorstep of Sydney’s Metro rail line."

<img alt="Hills" data-entity-type="file" data-entity-uuid="c928d11b-df44-4f84-abf1-102a4f2826c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-04%20at%2010.44.49%E2%80%AFAM.png?VersionId=AmYLq4nuYFKD4dJWqW8Kvifi7AC27k7q" />

GroupGSA Director Lisa-Maree Carrigan said The Hills Showground Precinct East emphasises sustainability to enhance its environmental, social, and economic value, aiming to become a green neighbourhood with excellent amenities.

"It provides a strong connection to both the landscape and historic setting of the Castle Hills Showgrounds, with designing with Country bringing together all buildings and communal spaces through the vibrant public realm,"&nbsp;Carrigan said.

“The buildings form a backdrop to the verdant Showgrounds above the tree line, affording the apartments expansive views over the district and towards the CBD. This natural setting is enhanced through substantial balconies, rooftop gardens and parks, with communal rooms and grand lobbies providing areas for socialisation and community.

"Located directly adjacent to the Metro, the apartments have been designed to provide generous outdoor living spaces and provide an enviable lifestyle with tremendous convenience."

The latest approval adds to the Independent Planning Commission’s approval for Deicorp’s 188-unit Crows Nest project and the City of Sydney’s consent for their 574-unit project in Joynton Ave Zetland.

“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said Deicorp’s founder Fouad Deiri

Deicorp secures approval for East Showgrounds, Castle Hill apartment project

After a very brief cooling of the market, Sydney property is back doing what it does best, growing in value.

The monthly update from property data analytics firm CoreLogic showed a sharp turnaround in most capital cities over February, with their overall Home Value Index swinging from negative growth in January to positive in Feb.

Unit values in Sydney edged up 0.2 per cent, following back-to-back months of declines (-0.2 per cent in Jan and -0.3 per cent in December). The median unit value in Sydney is now $855,000.

Houses have performed in a similar pattern, up 0.3 per cent in February following declines of -0.4 per cent in January and -0.7 per cent in December. The Sydney median house value is $1.4 million, $545,000 more than the median unit value.

The interest rate change in the middle of February was enough to change the fortunes of most capital city markets. The upper quartile of the market led the growth in Sydney, aligning with CoreLogic’s past research indicating that high-value housing segments tend to respond more quickly to interest rate shifts.

Regional NSW saw stronger growth relative to the capital, with values rising 0.4 per cent over the month and one per cent over the rolling quarter.

Stock levels remained elevated in Sydney, with listing counts up 6.9 per cent compared to the previous five-year average. While the market remains in a rebalancing phase, the latest figures suggest Sydney’s downturn may have been short-lived, with further growth possible if borrowing conditions improve.

<h2>What happened in Sydney’s off the plan apartment market in February?</h2>

The off the plan apartment market in Sydney saw several significant developments in February including regulatory changes, major project approvals, and shifting market dynamics driven by anticipated interest rate cuts.

The NSW Government announced it will be reviewing off the plan contract laws to provide greater certainty for buyers and to prevent developers from unfairly profiting from contract delays or cancellations.&nbsp;

Proposed reforms include mandatory sunset clauses to ensure buyers can withdraw if key milestones are not met, restrictions on developers extending sunset dates beyond factors outside their control, and potential financial penalties for inaction.&nbsp;

The government is also considering changes to outdated land title covenants to facilitate housing development. Consultation is open until 7 March 2025, with legislation expected in 2025.

Read more:&nbsp;<a href="/news/nsw/off-the-plan-contract-laws-under-review-to-provide-greater-certainty-to-buyers">Off the plan contract laws under review to provide greater certainty to buyers</a>

The NSW Government were again involved in the biggest planning move in February. They sign off on concept approval of the Central Barangaroo precinct by&nbsp;<a href="/developers/aqualand-australia" target="">Aqualand</a>.

The five-hectare development will feature residential, retail, hospitality, and community spaces, alongside a new metro station entrance and over two hectares of public open space.&nbsp;

<img alt="Central Barangaroo development takes big step with concept proposal approval" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-17%20at%208.55.23%E2%80%AFAM.png?VersionId=SFwWJx81d_FB3UrHwr4R.KF3vX8bVsAE" />

The project is set to generate $2.26 billion in economic activity during construction and create over 12,000 jobs.&nbsp;

Detailed development applications will follow, with construction expected to commence in late 2025 and the first stage completing around 2030.

Read more:&nbsp;<a href="/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Several notable residential projects progressed in February. <a href="/developers/goldfields-group">Goldfields</a>&nbsp;appointed <a href="/builders/ultra-building-co">ULTRA Building Co</a> as the builder for The Bryson in <a href="/developments/chatswood-nsw-2067">Chatswood</a>, a high-rise apartment project designed by <a href="/architects/make-architecture">Make Architects</a>.&nbsp;

<a href="/new-apartments/the-bryson-of-chatswood-871-877-pacific-highway-chatswood">The Bryson</a> will include one, two, and three-bedroom apartments, luxury penthouses, and a mix of retail and office space. Construction is scheduled for completion in Q4 2026.

[smartcode_project:default project_id=21170 project_image_fid=210270]

In <a href="/developments/darling-point-nsw-2027">Darling Point</a>, <a href="/developers/lendlease-development">Lendlease</a> and joint venture partner&nbsp;<a href="/developers/mitsubishi-estate-asia">Mitsubishi Estate</a>&nbsp;released preliminary plans for its significant development at <a href="/new-apartments/darling-point-road-apartments-darling-point-road-edgecliff">1 Darling Point Road</a>.&nbsp;

The proposed 17-level tower will include 60 apartments, with 21 designated as affordable housing. <a href="/architects/tzannes-architects">Tzannes Architects</a> is leading the design, with construction anticipated to begin in 2026.

Read more:&nbsp;<a href="/news/nsw/preliminary-apartment-plans-revealed-for-landmark-darling-point-site-by-lendlease-and-mitsubishi-estate">Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate</a>

<img alt="Preliminary apartment plans revealed for landmark Darling Point site by Lendlease and Mitsubishi Estate" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-05%20at%2012.37.22%E2%80%AFPM.png?VersionId=i_2JCgJfRF56VDrdjZo6FOW02I0boIVu" />

Further east, more shoptop housing is planned for&nbsp;<a href="/developments/bondi-beach-nsw-2026">Bondi Beach</a>’s Hall Street.

The five-level building will feature 17 apartments above several retail spaces. Designed by <a href="/architects/mhn-design-union">MHN Design Union</a>, the project aims to integrate with the evolving streetscape of Bondi’s commercial and residential precinct.

<img alt="First look: Hall St, Bondi Beach transformation to continue with new shoptop housing pitched" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-10%20at%2012.28.14%E2%80%AFPM.png?VersionId=AESrkS9BPGMPFQF7lkA4Z8DQcPVh6dY." />

Read more:&nbsp;<a href="/news/nsw/first-look-hall-st-bondi-beach-transformation-to-continue-with-new-shoptop-housing-pitched">First look: Hall St, Bondi Beach transformation to continue with new shoptop housing pitched</a>

Before the February rate cut, CoreLogic conducted research to identify areas that could experience the highest growth from several potential rate reductions.

Their findings indicated that the <a href="/developments/chatswood-nsw-2067">Chatswood</a> and <a href="/developments/lane-cove-nsw-2066">Lane Cove</a> area would be one of the top performers, with a projected value increase of 16 per cent if the Reserve Bank were to cut the official cash rate by one percentage point.

The Eastern Suburbs could see a 13 per cent increase, while regional areas such as Dural to Wisemans Ferry and Campbelltown might experience growth of up to 18 per cent and 16 per cent.

Read more:&nbsp;<a href="/news/nsw/the-sydney-suburbs-that-will-see-the-biggest-uplift-in-apartment-values-after-interest-rate-cuts">The Sydney suburbs that will see the biggest uplift in apartment values after interest rate cuts</a>

City Beat February 2025: Sydney property downturn ends abruptly as rate cuts spur price growth

When boutique developer Prime Edition was researching where to create their next apartment project, it was important to focus on some key fundamentals that would allow future residents to live an elevated lifestyle.

Prime Edition, known for its boutique developments in areas like Toorak and South Yarra, aimed to bring that level of quality and craftsmanship to a larger scale. For that, they needed a larger site befitting of their vision.

That led them to <a href="/developments/clifton-hill-vic-3068">Clifton Hill</a>, the small suburb tucked away between Fitzroy and Collingwood.

Very little new development has occurred in recent years in the area, which benefits from being close to the Melbourne CBD.

Prime Edition snapped up a 1,540 sqm site on Queens Parade, near the intersection of Queens Parade and Smith Street, regarded as a prime location.

They recently launched the development, dubbed <a href="/new-apartments/33-queens-parade-clifton-hill-33-queens-parade-clifton-hill">33 Queens Parade</a>, a collection of 40 apartments, penthouses, and townhouses that will allow future residents to benefit from a myriad of local amenities while also being well-connected to wider Melbourne.

[smartcode_project:default project_id=134228 project_image_fid=305765]

The development is strategically located across the road from the Smith Street and Queens Parade tram stop, which will benefit city workers as well as families with children in higher education. The tram on Route 86 takes just 20 minutes to get into the city, passing through Fitzroy and Collingwood, and also heads north through Northcote and Preston to the RMIT Bundoora campus. Clifton Hill Station is also just 700 metres away.

There are educational opportunities aplenty on the doorstep. Just 500 metres up the road is the recently opened Wurun Senior Campus, an innovative new facility for Collingwood College and Fitzroy High School’s Year 11 and 12 students. For a younger family, the address is a short walk to Clifton Hill Primary School.

33 Queens Parade residents will also be spoilt for choice when it comes to parks. 500 metres north is Edinburgh Gardens, one of Yarra's largest parks. The 24-hectare park is home to the W.T Peterson Community Oval, a kids' playground, skatepark, basketball court, barbecue facilities, and large expanses of open lawn and landscaped gardens. Around half of the park is dog off-leash.

The same distance from 33 Queens Parade to the east is Darling Gardens, a smaller park with a kids' playground, barbecue, and walking paths.

Just past Darling Gardens is Quarries Park, a network of parks and sports grounds. It's linked by paths across Clifton Hill and connects to the Main Yarra and Merri Creek trails (Capital City Trail).

[smartcode_project:default project_id=134228 project_image_fid=322175]

Queens Parade Village is also a well-known hub among locals. The shopping village runs from Smith Street up to Heidelberg Road and is home to retail shops, hospitality venues, and health and wellbeing services. At the village's heart is Clifton Hill Station, just 700 metres away.

33 Queens Parade fills a gap in the suburb, where the median house price is over $1.7 million, and less than a quarter of dwellings are apartments.

[smartcode_project:default project_id=134228 project_image_fid=322189]

Architecture firm <a href="/architects/cera-stribley-architects">Cera Stribley</a> designed the building so the apartments connect to the outdoors at every opportunity, with balconies, garden courtyards, and private rooftop terraces.

Extensive stamp duty savings apply to residences at 33 Queens Parade until October 2025. Apartment buyers could save up to $124,000, while townhouse buyers could save up to $127,000. Those looking to secure a penthouse could save around $195,000 on stamp duty.

[smartcode_project_cta:default project_id=134228]

Queens Parade Village is a well-known hub among locals, home to retail shops, hospitality venues, and health and wellbeing services

Parks, pastries, and proximity to Melbourne: The prime location of 33 Queens Parade apartments in Clifton Hill

Silverstone Developments is scrapping its plans for an office tower in favor of new apartments as it continues to expand its residential development pipeline.

The developer, currently working on The Windermere in Ascot and with another site in Hamilton, has decided to move forward with a 192-apartment tower in Milton, replacing the previously planned 24-level office building at <a href="/new-apartments/299-coronation-drive-milton">299 Coronation Drive</a>.

They have kept Woods Bagot as the architect and retained many of the design principles from the original office tower plan.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="90982b46-d5bb-4381-b61b-f6a03ecb759c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.20%E2%80%AFPM.png?VersionId=QwlGCSNRQ3Ibi3hrmtPNkPtkIq8bciOZ" />

"The design concept for the proposed development at 299 Coronation Drive seeks to take cues from the architectural language of exemplary archetypes present on the stretch of Coronation Drive from Toowong to the Brisbane CBD," Woods Bagot noted in their submission to the Brisbane City Council.

They said examples include the fine screen and detail like the nearby Regatta Hotel,&nbsp;the terrace house typology, the modern interpretation of traditional features at the Toowong Library, and the tectonics of the traditional Queenslander.

"The design will draw upon these elements to develop a design that is relevant to place."

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="0ebd2afc-3562-4948-98fe-ebfff07bc638" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.29.39%E2%80%AFPM.png?VersionId=VSkknd7dq.Dz79FTh9ChTA18kholZkRo" />

The plans are for 192 two and three-bedrooms aimed squarely at the owner-occupier. All of the 48 two-bed units will have a multi-purporse room. The three-bedroom apartments are categorised as small, medium and large in the submission. There will be just eight apartments per floor.

The amenity has been lcoated on the roof, like most new builds in Brisbane. A lap pool, with a plunge pool at either end, will be accompanied by a sauna, steam room, hot and cold plunges, and a treatment room. The roof will also feature a gym, private and outdoor dining spaces, a fire pit area, and extensive integrated seating near barbecue facilities.

<img alt="Silverstone" data-entity-type="file" data-entity-uuid="e7e1d7e3-db76-4bce-9560-b9801d1ec322" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-03%20at%202.30.17%E2%80%AFPM.png?VersionId=tL.JqwnUMOszxcwreRUJ.RKAv5gSCpRa" />

Apartments will be serviced by 291 parking spaces and 270 bicycle spaces.

There's been notable success on Coronation Drive in recent years. In the neighbouring Toowong, Consolidated Properties is close to selling out Monarch Residences at&nbsp;600 Coronation Drive after a <a href="/news/qld/penthouses-snapped-up-at-toowongs-monarch-residences">stellar few months of penthouse sales.</a>

First look: Silverstone Developments to turn office to apartments on Milton riverfront site

<ul>
	<li data-end="187" data-start="0">The Queensbridge Building, a 62-level mixed-use development, is under construction in the heart of Melbourne’s CBD, South Melbourne, and Arts Precinct, with completion expected in 2025.</li>
	<li data-end="361" data-start="188">The development includes 367 apartments, a 188-room hotel, co-working spaces, resident amenities, and a corner store, with a design philosophy based on ‘Modern Nostalgia.’</li>
	<li data-end="499" data-start="362">Interior design by David Flack focuses on natural light, customizable finishes, and spaces that encourage personalization by residents.</li>
	<li data-end="642" data-is-last-node="" data-start="500">Queensbridge will offer numerous facilities, including a gym, outdoor lap pool, wellness rooms, and a car share program with Tesla vehicles.</li>
</ul>

<hr />
The Queensbridge Building, at the nexus of the Melbourne CBD, South Melbourne, and the sought-after Arts Precinct, is continuing to achieve milestones in its construction.

The striking glass facade by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> is starting to shine from Queensbridge Street, with regarded builder Hickory in charge of the construction of the 62-level, mixed-use building which will be the&nbsp;only new apartment development to complete in <a href="/developments/southbank-vic-3006">Southbank</a> in 2025. The last completion of a new tower was in 2022.

Developer&nbsp;<a href="/developers/time-place">Time &amp; Place</a>&nbsp;is bringing a rounded lifestyle offering to its future residents. Alongside the 367&nbsp;one, two and three-bedroom apartments will be a 188-room Hannah St. Hotel, significant resident amenity, a two-level mezzanine lobby with co-working centre, and a convenient corner store.

[smartcode_project:default project_id=1504 project_image_fid=272099]

The design&nbsp;philosophy, both in the apartments' interiors and the building's architecture, is guided by Time &amp; Place's new concept of ‘Modern Nostalgia,’ seeking to recreate the comfort and familiarity of home within a skyscraper setting.

Interior architect David Flack handled the design style of the apartments that are designed to optimse nature light with large picture windows and integrated study nooks.

"Often you walk into an apartment, and it’s immediately clear how the designer or architect wants you to live, but not here," Flack said.

"We want you to see yourself within these spaces, and make them your home."

[smartcode_project:default project_id=1504 project_image_fid=272079]

Each of the apartments can be customised with multiple choices of finishes rarely available to any development.

Time &amp; Place use a unique custom lab software that also allows homeowners to view colour selections in the kitchen, bathrooms, and bedrooms.

[smartcode_project:default project_id=1504 project_image_fid=272085]

A myriad of facilities will be accessible by Queensbridge residents, including but not limited to a co-working space, a resident dining room, gym, an outdoor lap pool, a hot house, and several wellness rooms.

Residents will also have access to an affordable car share program with Tesla vehicles

[smartcode_project:default project_id=1504 project_image_fid=272090]

The facilities will be complemented by more public spaces like a&nbsp;reinterpretation of the neighbourhood corner store.

Hickory is soaring past level 50 on its way to completing the 62-level structure, with the interior fitout to follow soon after completion of the building.

[smartcode_project_cta:default project_id=1504]

Developer Time & Place is bringing a rounded lifestyle offering to its future residents

Hickory targets 2025 completion of The Queensbridge Building in Southbank

The latest stage of Collins Wharf by Lendlease presents an opportunity to buy into one of&nbsp;Melbourne’s world-class retail and dining precincts.

<a href="/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora</a>, designed by international architecture practice <a href="/architects/warren-and-mahoney">Warren and Mahoney</a>, will comprise just over 300 residences, a mix of waterfront apartments, townhomes and skyhomes, all just a stone's throw from the heart of Melbourne at the end of Collins Street.

We recently visited the onsite display suite at&nbsp;938 Collins St where Lendlease Senior Development Manager, Lorna Stewart-Thornton, gave us an insight into what Ancora offers its future residents.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/1mUhIrMz32I?si=Fad54SOS55rBSj-C" title="YouTube video player" width="560"></iframe>

"This is the opportunity to enjoy elegance on a grand scale in the most coveted location, where the serene beauty of the water meets the vibrant pulse of Melbourne city,"&nbsp;Stewart-Thornton said.

“Across the range of residences on offer, buyers will enjoy carefully designed and orientated floor plans which capture the best natural light across both single and dual waterfront views.

[smartcode_project:default project_id=9779 project_image_fid=314799]

The Waterfront Apartments feature one, two, and three-bedroom layouts with open-plan living areas, kitchens fitted with integrated Miele appliances, and stone benchtops. Buyers can choose between light or warm colour schemes.&nbsp;

The Premier Collection takes luxury further with larger residences, including townhomes and skyhomes, finished with Gaggenau appliances and natural stone benchtops.

[smartcode_project:default project_id=9779 project_image_fid=318933]

Beyond the apartments, Ancora will deliver an extensive amenity offering.

"Lendlease's approach to placemaking puts lifestyle at the centre of our development,"&nbsp;Stewart-Thornton says.

"Our focus expands beyond apartments to the spaces and amenities that complement the home."

Ancora residents will have access to extensive wellness facilities, including an indoor pool, spa, sauna, steam room, and a fully equipped gym, as well as two open-air terraces which will take in city and waterfront views.&nbsp;

[smartcode_project:default project_id=9779 project_image_fid=314808]

Ancora also integrates green space, with over 5,000 square metres of parkland planned for the ground-level, offering outdoor areas for relaxation, fitness, and social gatherings.&nbsp;

Located on the water’s edge, Ancora offers direct access to Victoria Harbour Promenade and is within walking distance of Collins Street, linking residents to Melbourne’s best retail and dining precincts.&nbsp;

Construction on Ancora is set to commence soon.

[smartcode_project_cta:default project_id=9779]

Located on the water’s edge, Ancora offers direct access to Victoria Harbour Promenade and is within walking distance of Collins Street, linking residents to Melbourne’s best retail and dining precincts.

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