<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Joel Robinson

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Newstead apartment boom continues with Longland Street tower plans

ALAND has taken the next major step in delivering its vision for Leppington Town Centre, lodging State Significant Development plans for a $549 million residential precinct that would bring more than 1,200 new homes within walking distance of Leppington Station.

The proposal, now on public exhibition, forms the Residential Core Precinct of the broader Leppington Town Centre masterplan and would transform a 4.3-hectare site at <a href="https://www.apartments.com.au/new-apartments/156-166-rickard-road-leppington-nsw-2179">156-166 Rickard Road</a> into a high-density mixed-use neighbourhood comprising nine residential buildings rising between six and 25 storeys.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="fc20982d-a0a9-4989-8fb3-680ca9fdcd10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.44%E2%80%AFAM.png?VersionId=l5EEyS6Dkf_SLDQkwDeyAU2nXkSZP2RW" />

The development has been designed by Rothelowman and is being pursued through a State Significant Development Application alongside a concurrent rezoning request under the NSW Government's Housing Delivery Authority pathway.

If approved, the project would deliver 1,206 dwellings, including 784 build-to-sell apartments, 208 build-to-rent apartments, 189 affordable housing units and a nine-storey serviced apartment building containing 112 rooms. The proposal also includes around 7,400 sqm of non-residential floor space, new public open space, communal recreation areas and a new internal street network.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="c4f80d3b-cb05-4068-8a87-808317807a99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.36%E2%80%AFAM.png?VersionId=KfPqh1JBuxc53IWntEzGHAeBaCLmRmum" />

<h2 data-end="1990" data-section-id="s6350" data-start="1941">A key piece of Leppington's future town centre</h2>

The site sits around 250 metres from Leppington Station, which opened in 2015 as the terminus of the South West Rail Link and has long been earmarked as the catalyst for the suburb's transformation from a rural fringe location into a major strategic centre for Western Sydney.

Leppington has become increasingly important following the announcement of the Western Sydney International Airport and the emergence of Bradfield City Centre, with government planning identifying the precinct as a significant location for future housing and employment growth.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="8ca0f098-affc-48c0-80d3-468ea090a20c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.26%E2%80%AFAM.png?VersionId=o3mwgBFT6H9YUllI0JR.JfLsUYQy1CTa" />

According to Rothelowman, the proposal responds directly to Leppington's unique position between its agricultural past and its urban future.

"The site offers an opportunity to weave together multiple layers of history, from its ancient connections to Country along the ridgeline between two waterways and its origins as part of the Cumberland woodland, to its more recent agricultural uses, and its future as a new residential community," the architects said in the design report.

The architects said the project aims to establish a high-density residential typology that combines apartment living with extensive landscaping and public open space.

"The design responds by establishing a high-density typology that combines the convenience and amenity of contemporary apartment living with a renewed native landscape."

<h2 data-end="3541" data-section-id="1ko88s2" data-start="3485">Nine buildings arranged around parks and public space</h2>

The proposal has been designed around a landscape-led framework rather than a traditional podium-and-tower approach.

Across the site, approximately 7,500 sqm of public open space would be delivered through a network of north-south and east-west linear parks, connecting into the wider Leppington Town Centre open space network. A further 8,000 sqm of communal open space would be provided for residents.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f5113abf-5440-4610-9cdc-60a0d41a407e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.12.55%E2%80%AFAM.png?VersionId=k8zLMj4yZS4hStmGzZJfosjj5iArwIek" />

Rothelowman said the design seeks to maximise landscaping at ground level by concentrating development into compact tower footprints.

"Buildings are carefully lifted and distributed to minimise disturbance to the natural terrain, allowing the ground plane to remain open, permeable, and led by landscape," the design report states.

Rather than creating a continuous podium edge, the design team has focused on allowing landscaping to extend beneath and around the buildings.

"The ground plane is conceived as an extension of the surrounding environment, allowing landscape to flow up to and beneath the built forms."

The architectural language also draws on the area's natural landscape, with Rothelowman describing a material palette influenced by local gum trees, bark textures, creek systems and sandstone tones.

<h2 data-end="4971" data-section-id="s69utu" data-start="4922">Affordable housing and build-to-rent component</h2>

One of the more significant aspects of the proposal is the diversity of housing typologies.

In addition to traditional apartments for sale, the scheme includes a dedicated 25-storey build-to-rent building with 208 apartments and a 22-storey affordable housing building containing 189 homes.

The affordable housing component represents almost 16 per cent of the total dwellings proposed within the Residential Core Precinct.

<img alt="ALAND" data-entity-type="file" data-entity-uuid="f87e6808-e462-44c6-bfa8-a3de1816f2e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.33.36%E2%80%AFAM.png?VersionId=WTsRKiUAyWw18S5S98yQB5oVuDcnJTxB" />

Community consultation undertaken ahead of the lodgement found support for additional housing in the area, particularly given ongoing affordability challenges across South West Sydney. Survey work conducted with local residents found housing affordability was one of the poorest-rated aspects of living in Leppington, while a majority of respondents were open to additional housing within the local government area.

The site's proximity to Leppington Station was identified as the most positively viewed aspect of the proposal, while public open space and affordable housing provisions also received majority support.

<h2 data-end="6184" data-section-id="1ngkie4" data-start="6140">Part of Leppington's broader expansion</h2>

ALAND will be a significant contributor to the broader vision for Leppington Town Centre, which is expected to accommodate more than 25,000 residents as the precinct evolves over the coming decades.

Located within Sydney's South West Growth Area, the 440-hectare Leppington Town Centre has been identified by the NSW Government as a strategic centre spanning both the Liverpool and Camden local government areas.

In 2023, Liverpool City Council and Camden Council, supported by the NSW Department of Planning and Environment, prepared a draft planning proposal to rezone land and amend development controls across a number of sites within the town centre.

The proposal outlines a new vision for Leppington Town Centre, reducing the amount of land allocated for business park uses while increasing land zoned for commercial development, housing and open space. The changes are designed to optimise land use across the precinct and support the delivery of a more walkable, transit-oriented centre anchored by Leppington Station.

&nbsp;

ALAND plots 1,200-home Leppington masterplan

Brisbane-based developer <a href="https://www.apartments.com.au/developers/trk-property-group">TRK Property Group</a>&nbsp;has enlisted renowned architecture firm Koichi Takada Architects to design its latest new apartment development.

The new 34-storey tower at <a href="https://www.apartments.com.au/new-apartments/57-berwick-street-fortitude-valley-qld-4006">57 Berwick Street, Fortitude Valley</a>,&nbsp;will have 189 apartments, complete with interiors by <a href="https://www.apartments.com.au/architects/byculprit">byCULPRIT</a>. The upper levels&nbsp;capturing views across the Story Bridge, city skyline, ranges, bay and river.

Residents will have access to a rooftop amenity floor with facilities including a pool, spa, sauna, hot and cold treatment, meditation garden, gym, yoga studio, private dining, BBQ, games lounge, wine display wall, work library, meeting rooms and outdoor work areas.

<a href="https://www.apartments.com.au/developers/trk-property-group">TRK</a> Founder and Managing Director, Arpan Kohli, said it will be a project "Brisbane hasn't seen before."

&nbsp;

"To deliver a project of this calibre, you need the right people involved," Kohli said.

"Koichi Takada Architects and byCULPRIT set the benchmarks for design excellence, and this project reflects that - a building of genuine architectural significance in one of Brisbane's most coveted locations, sitting between Howard Smith Wharves and the James Street precinct."

TRK recently launched <a href="https://www.apartments.com.au/new-townhouses/laya-residences-taigum-203-beams-road-taigum-qld-4018">LAYA Residences in Taigum</a>, 88 three-bedroom townhouses starting from $1,495,000. They have another apartment site in Indooroopilly, at <a href="https://www.apartments.com.au/new-apartments/140-central-avenue-indooroopilly-qld-4068">140 Central Avenue</a>. That will have 131 apartments.&nbsp;

&nbsp;

TRK proposes Koichi Takada-designed apartment development in Fortitude Valley

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?

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In November last year, Sutherland Shire Council invited Australian architecture firms to submit plans for the refurbishment of Sydney's Sutherland Entertainment Centre. Designs by Cox Architecture, FJMT and collaborative team Chrofi + NBRS Architecture have been shortlisted for the $21.8 million project. The five-year development process will take the 1970s building from concept to completion by August 2023.

<blockquote>
“It’s a significant project so we’ll be taking a cost-effective and environmentally sustainable approach to development and will be providing an opportunity for the community to offer their feedback on the design concepts in 2019.”
</blockquote>

- Sutherland Shire Mayor Carmelo Pesce

THE DETAILS:

Cox Architecture

<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_2019-04-03_at_12.06.23_pm.png" rel="gallery-all" title="Cox Architecture's concept design. Credit: Cox Architecture"><img alt="" class="image-article-full-width-580px" height="370" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_12.06.23_pm.png?itok=B3RUWVXC" title="Cox Architecture's concept design. Credit: Cox Architecture" width="580"></a>

<figcaption>Cox Architecture's concept design. Credit: Cox Architecture</figcaption></figure>The idea behind Cox Architecture’s proposal is to revitalise the public domain, creating a destination to inspire lifelong participation in the performing arts. Cox Architecture plans to utilise the pre-existing gum tree on site to create a central meeting point in the foyer of the complex. The outdoor area will feature landscaped terraces, high stud awnings and a street level café. The planned seating of the auditorium endeavours to create an intimate connection between the audience and performers.

<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_2019-04-03_at_12.06.07_pm.png" rel="gallery-all" title="Atrium render. Credit Cox Architecture"><img alt="" class="image-article-full-width-580px" height="417" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_12.06.07_pm.png?itok=lj2B5K1V" title="Atrium render. Credit Cox Architecture" width="580"></a>

<figcaption>Atrium render. Credit Cox Architecture</figcaption></figure><blockquote>
“The material palette reveals the textural richness of the shire’s unique landscapes and celebrate place. Textures and colour have been selected to reflect the shire’s natural beauty and in particular the welcome tree. The interior palette is accented with playful yet robust finishes, capable of dealing with the wear and tear of public life.” 
</blockquote>

- Cox Architecture

Similar projects include: Rooty Hill Performing Arts Centre, Cairns Performing Arts Centre

FJMT

<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_2019-04-03_at_11.59.39_am.png" rel="gallery-all" title="FJMT concept design. Credit: FJMT"><img alt="" class="image-article-full-width-580px" height="404" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_11.59.39_am.png?itok=BS7W0Hj0" title="FJMT concept design. Credit: FJMT" width="580"></a>

<figcaption>FJMT concept design. Credit: FJMT</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/screen_shot_2019-04-03_at_11.59.50_am.png" rel="gallery-all" title="FJMT concept design. Credit: FJMT"><img alt="" class="image-article-full-width-580px" height="405" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_11.59.50_am.png?itok=U0wPxPbp" title="FJMT concept design. Credit: FJMT" width="580"></a>

<figcaption>FJMT concept design by night. Credit: FJMT</figcaption></figure>FJMT's proposal has encapsulated the theatrical aspects of what happens within the centre by creating a dazzling, grand foyer. The foyer has been designed to inspire excitement of guests from the moment they enter the centre. 

Changes to the fixed raked stall seating will include under-seat low-velocity air jets for optimum audience comfort, the balconies will be pulled back to increase the sidelines and the box seating will be drawn closer to the stage to encourage a more intimate environment. 

<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_2019-04-03_at_11.59.58_am.png" rel="gallery-all" title="FJMT's auditorium concept design. Credit: FJMT"><img alt="" class="image-article-full-width-580px" height="403" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_11.59.58_am.png?itok=W_nr0fMa" title="FJMT's auditorium concept design. Credit: FJMT" width="580"></a>

<figcaption>FJMT's auditorium concept design. Credit: FJMT</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/screen_shot_2019-04-03_at_12.00.09_pm.png" rel="gallery-all" title="FJMT plans. Credit: FJMT"><img alt="" class="image-article-full-width-580px" height="413" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_12.00.09_pm.png?itok=SfcMyFAu" title="FJMT plans. Credit: FJMT" width="580"></a>

<figcaption>FJMT plans. Credit: FJMT</figcaption></figure> 

FJMT’s similar projects include: Concourse in Chatswood and Bunjil Place.

<blockquote>
“What we want to do in a very modern way is to create an organic, sophisticated and close connection to nature through the architecture. The theatrical nature of this project, the sense of performance, of event and celebration – we want these buildings to sparkle to reflect the performance and the events that happen within them.”
</blockquote>

- Richard Francis Jones, FJMT design director

Chrofi and NBRS Architecture

<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_2019-04-03_at_12.13.36_pm.png" rel="gallery-all" title="Chrofi and NBRS Architecture's exterior design Credit: Chrofi and NBRS Architecture"><img alt="" class="image-article-full-width-580px" height="349" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_12.13.36_pm.png?itok=MMAvTGJb" title="Chrofi and NBRS Architecture's exterior design Credit: Chrofi and NBRS Architecture" width="580"></a>

<figcaption>Chrofi and NBRS Architecture's exterior design Credit: Chrofi and NBRS Architecture</figcaption></figure>Chrofi and NBRS Architecture have designed a space which directly integrates Peace Park. A veranda will connect the park and the building, providing a social space with a seamless indoor-outdoor flow, and provide an at-grade connection between Merton and Eton Streets. The design team also plan to utilise an existing black box theatre space and administration building to create a new bar/café and foyer on the Ground Floor, and a multi-purpose community centre and rehearsal space on Level 2. The auditorium will also be reconstructed to feature more immersive tiered seating, and the acoustics, accessibility and functionality of the space will be enhanced. 

<blockquote>
“This relationship can be one where the entertainment and what goes on within begins to feel like it is much more a part of the park, and [simultaneously] the park should also feel that it is an extension of the building.” 
</blockquote>

- Andrew Lamond, senior associate of Chrofi

<blockquote>
“The entertainment centre will have a new, active, versatile foyer space with the capacity in its own right to be the venue for a variety of public occasions. At times, it would be the place for audiences to gather before, during and after performances. At others [times], it would be itself the venue for smaller informal shoes, large banquets, exhibitions or speaker tours.”
</blockquote>

- Andrew Tripet, principal of NBRS Architecture

<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_2019-04-03_at_12.13.03_pm.png" rel="gallery-all" title="Chrofi and NBRS Architecture's foyer design. Credit: Chrofi and NBRS Architecture"><img alt="" class="image-article-full-width-580px" height="349" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-04-03_at_12.13.03_pm.png?itok=q5yI4CMJ" title="Chrofi and NBRS Architecture's foyer design. Credit: Chrofi and NBRS Architecture" width="580"></a>

<figcaption>Chrofi and NBRS Architecture's foyer design. Credit: Chrofi and NBRS Architecture</figcaption></figure>​​​​​​​In addition to Sutherland Entertainment Centre, the 1920s Memorial School of Arts of Sutherland will also undertake a refurbishment. During this time Engadine Community Centre will be readily available for performance use while the other two premises are out of action.
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Olivia Round

Three designs shortlisted for Sutherland Entertainment Centre's refurbishment

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<div class="_2vba1">
Overcoming his dread of the trade union influence, the Meriton apartment developer, Harry Triguboff has ditched Sydney to try his luck in the Melbourne property market.
Triguboff has bought a serviced apartment site at 140-146 King Street near Southern Cross Station, between Bourke Street and Collins Street.
He will develop a Meriton Suites apartment hotel to replace the three storey building.
The deal, worth about $29 million, will be Meriton's first development outside of NSW and Queensland, where it has completed about 70,000 apartments over the past six decades. Triguboff recently admitted the recent Sydney apartment boom had <a href="/news/harry-triguboff-says-apartment-boom-relied-too-much-on-chinese-buyers">over-relied on Chinese foreigners</a>.
The King Street, Melbourne site last sold at $10 million in 2013.
The vacant, three-storey concrete building had been expected to fetch more than $20 million, according to a report by The Age in February.
It was offloaded by Besgate Group, a little-known Sydney-based developer, backed by wealthy Chinese families, who got cold feet about Melbourne’s development market.
Besgate Group, led by the Alexandria-based Justin Gao, had burst into Melbourne’s development market in 2013 when it snapped up three city sites within six months.
Besgate's shareholders are Gao Pty Ltd; Baohua Pty Ltd directed by the Pyrmont-based Hua Gao; and Elda Group Pty Ltd, which is directed by Justin Gao, Xiao Han Sheng, Li Fan and accountant Peter Hedge. 
The site at 140 King Street could support a high-rise tower on the 781-square-metre site with an existing 2016 permit for a 57-storey building with 263 apartments.
ROTHELOWMAN's design for 140 King Street was <a href="http://www.besgate.com.au/portfolio/melbourne-king-street/" target="_blank">reminiscent of a luxury watch wrist band</a>. 
There were 11 offers on the site in the recent tender.
The listing agents <a href="http://www.meltoday.com/content-101910651106054" target="_blank">told the Chinese press</a> the flexible site was also suitable for the development of mixed-use, commercial, student residences, hotels or serviced apartments.
Triguboff's wealth was recently put at $12.3 billion in the Rich List published last weekend by The Australian.  
<div>Considered the most comprehensive study of the country’s wealthy elite ever undertaken in Australia, The List was curated and edited by wealth expert John Stensholt and a global team of researchers and journalists.</div>
<div>
 Triguboff's wealth is apparently set to soar to over $13.5 billion in the upcoming, belated Financial Review Rich List. </div>
“It is very exciting for us to bring Meriton to Melbourne, giving the hotel business a complete presence from Melbourne, throughout Sydney and up to Brisbane and the Gold Coast," Mr Triguboff told Nine Entertainment. 
</div>
<div class="ztzrw">
<div class="_3t7hh">
<div class="_1kIOl">
"Guests have been asking for a long time, ‘when are you coming to Melbourne’, but it hasn’t been the opportune time, until now.
"It is a great location for us and our early discussions with local government made us feel very welcome – they want us to get started quickly," said Mr Triguboff.
Trade union power wasn't the only issue Triguboff has had with Melbourne.
 In a 2017 interview he said he had a problem with the weather.
"I don’t like it that it is cold. I’m too old. Old people need warmth," he said.
Meriton’s director of construction, David Cremona, said the company would seek tenders shortly, with construction due to commence later in the year.
Meriton founded its burgeoning serviced apartment business in 2003.
It currently comprises 18 hotels and 4644 self-catering suites, making it one of the country's largest owner of hotel rooms.
</div>
</div>
</div>
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jchancellor-FAypfDUnLy

Harry Triguboff overcomes dread of CFMEU trade union influence and buys first Melbourne project site

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Cameron Shekleton, Development Manager at ICON Developments recently provided Apartments.com.au with some insights into working at ICON, what's in store for the development industry, some of the challenges the industry is facing, the dangers of over regulating design through planning and some hot tips for aspiring development managers.

Apartments.com.au: What do you enjoy about working at ICON Developments? 

Cameron Shekleton: We’re a small team and we work on an array of projects. It allows you to be involved in all facets of the development process – from acquisitions, to funding, design, marketing and sales. Even if you aren’t directly looking after an office or commercial project, someone else in the office most likely is. So you’re always up-to-date on the state of the market, new planning applications or hear first-hand leasing deals, rates &amp; incentives that are landing around Victoria. It’s a great opportunity to have consistent exposure across the entire property market.

U: What does a typical working day look like for you? 

CS: It’s hard to pin down days as being typical. Generally the development managers at ICON are across a couple of projects and looking at acquisitions when time permits.

This means you could be sitting in a construction meeting in the morning, reviewing plants with landscape gardeners at lunch and talking to banks about funding for a project. I guess you could describe the typical day as extremely varied.

U: Where do you see the development industry heading? 

CS: With investors moving away from off the plan property, developers have had to really hone in on the owner occupier market. This push has already been really positive in the marketplace.

Purchasers are more discerning and developers are being driven to meet increasing expectations. I think this trend will continue, leading to better development outcomes for the owners and community.

Ideally this would help remove some of the common misconceptions and stigma around apartment living in Australia that come about from poor developments.

U: What are the most exciting trends happening in the industry right now? 

CS: I think the downsizer market is a really exciting space right now. They’re unique in their requirements – we’re seeing bedrooms being replaced with study’s and second sitting rooms.

Living and entertaining spaces expanded and rows upon rows of shelves to house a lifetime collection of books. The buyers certainly know what they like, with years of experience in their old homes, their views on materials &amp; functionality are unwavering.

I’ve been lucky enough to be involved in our <a href="/new-apartments/george-powlett-28-powlett-street-east-melbourne">George + Powlett</a> apartment project in <a href="/developments/east-melbourne-vic-3002">East Melbourne</a>. With only 12 apartments, it has been a personal journey with each of the purchasers, so far as being on a first name basis with all. Each purchaser has had a unique set of requirements and they’re all approaching apartment living a little differently as a result.

<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/gp_exterior.jpg" rel="gallery-all" title="George &amp; Powlett in East Melbourne comprises 12 apartments and is currently under construction."><img alt="" class="image-article-full-width-580px" height="198" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/gp_exterior.jpg?itok=TmuDdBfe" title="George &amp; Powlett in East Melbourne comprises 12 apartments and is currently under construction." width="580"></a>

<figcaption>George &amp; Powlett in East Melbourne comprises 12 apartments and is currently under construction.</figcaption></figure>U: What would you like to see change in the Australian development industry? 

CS: I think we’re seeing planning dictate too heavily the architecture of new buildings. There are thousands upon thousands of examples of beautiful buildings throughout the world, but almost none would hold up when reviewed against local planning guidelines in Australia – none of these buildings would be approved.

Assessing architectural merit is obviously subjective and there definitely needs to be some form of regulation to create some objectivity when assessing planning applications. But the current tick box approach in assessment planning applications is preventing good buildings from being built that will have a positive impact to the Melbourne skyline.

If nothing changes, we’ll continue with the ‘wedding cake’ designs we see everywhere.

U: How do you ensure ICON Developments’ design-led philosophy is embodied in all projects?

CS: I thinks this comes from everyone within ICON. All the development managers bounce ideas from one another, talk about lessons learned, both good and bad. This means that each project builds on the project before. We also ask ourselves an important question “would we want to live here?”

So we work towards making sure that answer is always yes, meaning design is at the forefront of every decision in the process.

U: Any tips for aspiring development managers?

CS: I came from a construction background, working as a project manager. The skill set I developed during that time represented only a portion of the skill set needed to be a development manager.

There is no routine way to become a development manager, so I think you have to recognise what strengths you can bring to the table (whether you were an architect, planner, project manager, etc.) and use those skills whilst working and building up the greater knowledge needed to be a more rounded development manager.
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urban.com.au

ICON Development's Cameron Shekleton speaks to Urban.com.au

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Multiplex has halted construction work at CBUS's high-rise jewel, the 447 Collins Street project after possible movement in precast structural columns on the half-built twin-tower project.
The concerns have triggered an urgent investigation by engineers at Collins Arch.
The decision comes after Sydney's Opal Tower issues with precast over the Christmas-New Year period.
The exact nature of the Pantscraper problem was not clear, according to a report by Nine Enertainment, with neither Multiplex nor its consultant engineers 4D Workshop giving more than limited details.
"A small number of minor column settlements have been identified on the 447 Collins Street project currently under construction," the companies said.
"The builder, Multiplex, places the utmost importance on safety and quality and has already commenced a detailed investigation into the cause, with structural design engineers currently inspecting the columns. As a precaution, work has temporarily stopped while that investigation takes place.”
Rob DiBlasi, 4D Workshop director, assured Collins Street pedestrians that the building was safe.
"There’s no issue with the structural integrity of the building," he told The Australian Financial Review.
"There are some minor issues with regard to precast columns."
CBUS has boasted Melbourne's skyline was to be transformed following the construction of a $1 billion luxury high-rise.
Called the "Pantscraper", after its twin towers joined by a sky bridge, Cbus Property's 42-storey mixed-use development comprises 49,000 square metres of premium-grade office space, a five-star W Hotel and 202 residential apartments.
Designed collaboratively by Melbourne-based Woods Bagot and New York-based SHoP Architects, the Pantscraper will dominate the skyline given its unique silhouette.
Three major legal firms, including King &amp; Wood Mallesons, HWL Ebsworth Lawyers, and Gadens have committed to office space.
Completion was anticipated for late 2019.
The current design is the third, after earlier plans for a 100-storey tower and then a 47-storey tower were rejected, in part because of the shadow they would have cast on the nearby Yarra River.
Heritage groups have criticised the proposed park for being smaller than the 2800-square-metre plaza in front of the previous revered brutalist-style building on the site.
Above ground, the two towers meet at level 33. 
The possible fault of precast concrete on a $1.2 billion project in the heart of Melbourne's CBD will ignite to calls for reforms to Australia's construction industry.
The state have yet  to implement recommendations of last year's Shergold-Weir Building Confidence report.
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Precast column movement concerns stops work at CBUS 447 Collins Street, Pantscraper twin tower project

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Feedback is being sought on the proposed changes to the maximum prices that the Valuer General can charge NSW councils for land valuation services.
The Independent Pricing and Regulatory Tribunal (IPART) last set the maximum prices for the Valuer General’s charges to councils in 2014, which expire on 30 June 2019.
The valuations are used by councils to help calculate rates.
The NSW Premier, Gladys Berejiklian, has asked IPART to set the prices for these services for the next six-year period, from 1 July 2019 to 30 June 2025.
A draft IPART report, released this week, proposes a reduction in the overall revenue that the Valuer General can collect from councils.
The prices are around 5.6% lower than the prices proposed by the Valuer General. 
While some councils will see increases, most would see their bills fall over the next six years under the draft decisions when excluding the effects of inflation, said IPART Chair, Dr Paul Paterson.
“We are proposing to change the way Valuer General’s charges are levied,” Paterson said.
“This would involve moving from a uniform ‘property type’ residential and non-residential pricing approach across NSW to a zonal price structure across four zones – Country, Coastal, Metro and City of Sydney.”
Under the proposed changes, councils would pay $7.42, $6.32, $5.83 and $12.07 per property valuation depending on whether they fall within the Country, Coastal, Metro and City of Sydney zones respectively.
“We consider the zonal price structure better reflects the costs of providing valuations, which can be driven by various factors, including the number and mix of property types, travel distance to conduct valuations, and the number of complex and high risk properties in an area,” Dr Paterson said.
“We note that the Valuer General’s proposal incorporated 2.0% of operating cost savings, resulting from the recent mass valuation procurement process, which we took into account in setting our prices. We also assessed the Valuer General’s other efficient costs and the appropriate allocation of these costs to councils.”
Submissions to IPART’s DraftReport and Draft Determination are invited by 24 April 2019.
Further information is available at <a href="http://www.ipart.nsw.gov.au/" target="_blank">www.ipart.nsw.gov.au</a>.
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jonathanchancellor-7SQnKwU6yx

IPART looks for feedback on Valuer General service price changes

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The accompanying material to the Federal Budget highlighted the importance of the country’s property market, an addition welcomed by the industry.
The 2019/20 Budget provides a fiscal stimulus by increasing infrastructure spending and delivering higher disposable incomes to 10 million low to middle income earners, according to the Real Estate Institute of Australia (REIA).
“Whilst there were no major surprises in the Budget, the measures will lift the brake of economic activity," REIA President Adrian Kelly said. 
“The Budget papers forecast private investment to fall by 7% in 2020/21 and a further 4% in 2021/22.
“The Papers highlighted the importance of the housing sector to economic wellbeing pointing out that a 10% drop in housing prices reduces real GDP by about 0.5%.
“Given the recent falls in house prices and the possibility of further falls, which will be exacerbated if the Opposition’s housing taxation proposals are implemented, it is timely to see the importance of the housing sector to Australia’s economy illustrated.
“With the Government’s commitment to not altering taxation arrangements for future property investors this means that the increased disposable incomes of low to middle income earners can be spent on goods and services and keep the economy ticking over rather than higher rents and worrying about decreasing equity.”
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Budget notes importance of housing market to economy: REIA

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Builders around the country have backed the key initiatives in the Federal Budget that will help promote economic growth across the country. 
Denita Wawn, CEO of Master Builders Australia, welcomed the Government’s announcements on new investment in skills, infrastructure and small business because they are targeted at what’s needed to strengthen the economy. 
“While there was good economic news in this budget, Master Builders is concerned that Treasury, in line with Master Builders forecasts, predicts a seven percent decline in housing investment. This reinforces the need to ensure that all housing investment incentives remain intact,” Denita Wawn said.
The Budget speech, by the Treasurer Josh Frydenberg acknowledged housing affordability was an issue for Australians.
<div class="story-content">
“Affordable housing is a priority for the government,” but for the second consecutive year the Budget failed to address issues either short-term or structural.
There was funding for affordable housing for community and social housing, but the Federal Budget fails to offer any new affordable housing initiatives, says an industry body.
</div>
While the previous year’s budget places affordable housing as a central plank, this year’s marks a significant contrast, says Nicholas Proud, CEO of PowerHousing Australia, which represents scale-growth community housing providers.
 “The nation built the most significant social bond and National Housing Finance Investment Corporation in the two years since Budget 2017, and further work around this infrastructure boost will be needed to tackle affordable housing deficits across the nation,” Proud said.
“It was terrific to see the Treasurer referencing NHFIC’s work in tonight’s budget speech.
“Their support will enable our members to scale up and deliver the affordable housing at scale that Australians need.”
Proud welcomed the 2019-20 Federal Budget’s increase in infrastructure spend, which is set to hit $100 billion over a decade.
“The infrastructure investments announced tonight complement these prior investments by helping to reduce congestion and make it easier for Australians, including key workers and those on low and middle incomes, to more easily get to and from work.
“Australia is heading for a slowdown in new housing delivery at rates never seen before which will place a handbrake on jobs, see less taxes collected, state economies decline and supply contract which only serves to place upward pressure on pricing.
“Whilst there is a federal election campaign just days away, the innovative leadership of the 2017-18 Budget should not be a one-off, particularly as we are heading to declines in future year building approvals of up to 50,000 dwellings compared to the levels experienced in the year up to March 2018.
“There are tens of thousands of families who, over the next five years, are set to see the loss of the NRAS One incentives which started to lapse in December 2018. A response to non-CHP managed NRAS homes is critical.
“We warmly welcome this budget’s record investment in women’s safety, including $78.4 million to provide safe places for people impacted by domestic and family violence.
“These Australians will also benefit from the additional tax cuts included in this year’s budget, which had a strong focus on cost of living – something that remains top of mind for so many people."
Ray White managing director Dan White congratulated Treasurer Josh Frydenberg on his first Federal Budget which he called a welcome ‘shot in the arm’ confidence boost for all Australians.
Some 10 million Australians will be showered with $158 billion in tax cuts,  with the average earner saving $10,000 over six years.
The pre-election Budget supercharges rewards for workers, small business, older Australians, women and the youth plus a promised $100 billion infrastructure spending spree.
“The Coalition’s tax relief promises are welcome and will be a shot in the arm to every household in Australia,” Mr White said.
“A strong economy needs ongoing investment and we are delighted to see the Coalition boost its infrastructure spending to unlock our regions and help ease congestion in our cities.
“This Federal Budget and its growth projections are heavily reliant on our already softer housing market holding up.
“But no-one in Treasury has a calculator that can accurately predict house prices. "That is the great unknown in this budget and easing house prices are clearly Treasury’s economic wildcard.
“Ray White remains optimistic about the Australian housing market but we hope the Government keeps its focus on the housing sector and is ready with a contingency plan if their assumptions and  forecasts aren’t met."
The Budget papers highlight the downside risk of a further deterioration in housing prices on dwelling investment and household consumption, noting that if consumption dropped one per cent as a result, this would shave a quarter of a per cent from GDP growth.
Treasury says new dwelling investment will only grow 0.5 per cent this year, before dropping by 7 per cent in 2019-20 and a further 4 per cent in 2020-21 as existing projects are completed.
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Budget criticised for lack of affordable housing initiatives 

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Bowen &amp; Queens is Wuzhong’s first foray into the Australian apartment market, and despite reports of a property downturn, Wuzhong Australia have boldly launched a 19 level residential project with a gross realisation of $160m.

Wuzhong is one of China’s top real estate development companies and is enjoying strong leads and sales during a time of much trepidation in the Australian property market.

The move to launch a 19-storey tower of 214 apartments may appear to be counter-cyclical, but Wuzhong’s David Shen believes that there are several key factors that have lead to a strong start to the sales campaign for the project.

Urban.com.au asked Wuzhong Director David Shen for insight into what the development company is doing differently.

“With the population of Melbourne increasing at the rate in which it is, there will continue to be buyers for projects of high quality, and those with a strong outlook for capital appreciation. While this is a time of recalibration in the property market, we are confident in the Bowen &amp; Queens project for these reasons. Our strategy has been confirmed with a particularly strong start to the sales campaign, and ultimately we have enormous confidence in the long term Melbourne property market, and specifically we have confidence in the future growth of area around the Bowen &amp; Queens site,” says David Shen.

<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/gall9692_2_bowen_cres_e02_bowen_crescent.jpg" rel="gallery-all" title="Wuzhong's first foray into Australia has experienced early success. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="840" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/gall9692_2_bowen_cres_e02_bowen_crescent.jpg?itok=w6JIIghH" title="Wuzhong's first foray into Australia has experienced early success. Image: Supplied" width="580"></a>

<figcaption>Wuzhong's first foray into Australia has experienced early success. Image: Supplied</figcaption></figure>Wuzhong has shown further confidence in the <a href="/developments/melbourne-vic">Melbourne property market</a> with another $240m worth of apartment projects in the pipeline.

Bowen &amp; Queens' location is a key factor in its early success, according to David, who notes that St Kilda Road set to be revitalised in the coming years with the construction of Anzac Station that is currently underway.

David continues, “The construction of the Anzac Station is another key selling point in our project. It is about 50m from the Bowen &amp; Queens site, so incredibly easily accessible for residents. The station will bring new restaurants, cafes, and other local amenity to residents of the area, and purchasers can see it being built right now. This makes a strong point for future capital appreciation in the area, and purchasers are well aware that the area will no doubt flourish in the future.”

Feedback from purchasers at Bowen &amp; Queens shows the quality of the project and the location have been driving factors in deciding to purchase within the project, and many purchasers are combining two apartments within the building to create large, three or four bedroom homes.

The Bowen &amp; Queens location is incomparable. Discerning residences offer views over Albert Park Lake, Port Phillip Bay to the South West, as well as city views across the lush green treetops of Melbourne’s acclaimed Royal Botanic Gardens to the North East.

As well as location, the price point of Bowen &amp; Queens is lower than comparable developments of a high quality finish in the area.

During the project’s launch event in late February, the project enjoyed a staggering 15 sales during the few hours of the event itself, and 20% of the project was sold after launch weekend.

In a time when many property projects are pushing out timelines and enduring slow sales, this strong start to a sales campaign shows confidence in the Bowen &amp; Queens project from purchasers who are getting in quickly to secure a new home in the fast growing pocket of <a href="/new-apartments/south-melbourne-vic-3205">South Melbourne</a>.

David Shen says, “Our objective is to deliver a spacious and genuine home with high quality amenity for residents - a place where they feel connected and can embrace the surroundings. The elegant design and warm finishes, complemented by sweeping views and the development’s ideal positioning, presents a compelling opportunity to purchases, and as such we are selling well during a time of unease in the property market.”

David Shen’s confidence is refreshing to see in the current climate. He concludes, “Three undeniable factors that drive residential sales the property industry are quality of product, location, and the likelihood of strong capital appreciation. With the early success that we’ve enjoyed with Bowen &amp; Queens, we will certainly be looking to tick all these boxes again in our future projects.”

Bowen &amp; Queens is located at 2 Bowen Cresent, and is being sold through Fletchers Projects. The price range is from $405,000 to $4,904,000
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Wuzhong's first foray into Australia proves popular with apartment purchasers

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DomaCom Limited has announced that it has partnered with La Trobe Financial to provide property investors using DomaCom’s fractional property investment fund with a credit facility.  
An initial $50 million facility has been provided by La Trobe Financial that will allow investors to acquire around $100 million of leveraged property through the DomaCom Fund.
The facility will provide up to 60% leverage for investors and Self-Managed Super Funds (SMSFs) at a competitive 5.99% pa.
Enabling the use of lending when purchasing investment properties is a key addition to the DomaCom product offering, which places the Company in a strong position to almost triple its Funds Under Management to $150 million. 
DomaCom CEO Arthur Naoumidis said: “This is a significant development for the Australian property investment market as financial advisers can now leverage their clients’ investment properties at a click of a button. 
"We’re delighted to have the final piece of the jigsaw (debt) in place for DomaCom – we have bought over 50 properties to date where almost all are without debt and we are excited to be able to offer advisers ready access to competitive SMSF lending.
"The availability of this initial $50 million debt facility has cleared the remaining obstacle for DomaCom. 
"After many patient years we are now well placed to take our platform to financial advisers and the SMSF sector, with available debt and legal certainty."
Chris Andrews, chief investment officer at La Trobe Financial, said the SMSF sector continues to grow.
"With more than one million Australians having turned to taking more control of their own super, the growth of the SMSF sector continues," Andrews said.
“As a specialist in the SMSF lending space since 2009 we are happy to partner with DomaCom to assist borrowers obtain that much needed SMSF finance for property investment purposes.
"SMSFs have a significant influence in the overall growth of the $2.3 trillion Australian superannuation industry, with SMSF assets growing by $319.7 billion or 55% in the five years to December 2018 at $726.46 billion in AUM.
Andrews said this sector expansion is expected to continue to have an important role in asset allocation debates in the retirement industry.
"The majority of the 587,092 SMSFs are formed by self-employed business people who are astute and understand investment risk - having often run their own businesses. 
"They have a bias towards asset classes with low volatility and assets that have longer term (10+ year) investment horizons and to this end property is eminently recognisable and understandable for SMSF investors.
"Currently there is only $42.85 billion of limited recourse borrowings (5.9% of total SMSF Assets)”.
To read more about DomaCom, <a href="/expert-insights/crowdfunding-into-property-domacom-explains">click here</a>.
 
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j.ballantyne1990-6AQqhLzZaK

DomaCom secures $50 million non-bank lending for SMSFs

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The former Australian cricket captain turned commentator Ricky Ponting and his wife Rianna have bought in Portsea.
The couple paid $3.51 million for the home, close to Fishermans Beach which had a $775,000 build in 2009.
The four-bedroom, three-bathroom will be a weekender from their home on Brighton’s “golden mile”, which they bought for $10 million in 2013.
The two levels home has a resort style heated pool and spa along with in-ground trampoline and basketball practice area on its 1,068 square metres.
It was sold by Sothebys who struggled to find a buyer with the property listed for more than 300 days.
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