<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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.

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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.

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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.

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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.

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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?

Gardner Vaughan Group Zinc has made sure it caters for families at it's Sunshine Coast development Zinc, with a number of three and four-bedroom apartment and townhouse options at the Bokarina project.

Adding to the family appeal is the resident's heated swimming pool on the podium level of the project. That includes a kids shallow area.

The Brisbane-based developer has commenced construction at the beachfront project, which has 92 apartments and townhouses on offer. They're targeted a completion date of early 2024.

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GVG wanted to create homes that feel like traditional houses, ensuring that residents have plenty of space to relax, entertain, and truly make their own.

There's further amenity past the swimming pool. Zinc also features recreational areas, including multiple barbecue areas and herb and vegetable gardens. There's a fully-equipped gym, as well as a function room complete with a kitchenette.&nbsp;

Inside the apartments, no detail has been overlooked. Each residence is appointed with luxury inclusions and finishes, coupled with high ceilings, zoned and ducted air conditioning, and commercial acoustic glazing throughout.

Each apartment comes with residential parking and storage space, while Zinc will also offer ample visitor parking and charging stations for electric cars.

Outdoor enthusiasts will be pleased to find outdoor showers and a surfboard washroom, as well as a wall-mounted bike rack for each car park, in addition to car wash and vacuum bay.&nbsp;

[smartcode_project:default project_id=109240 project_image_fid=208032]

Location-wise, Zinc offers the best of both worlds.

Situated just 20 minutes from the Sunshine Coast Airport, it is easily accessible for both domestic and international travellers, while&nbsp;Brisbane Airport is also within reach, just 64 minutes away.

The Sunshine Coast University Hospital and Private Hospital are just a short 5-minute drive away, while families will appreciate the proximity to Kawana State School, ensuring a quick and easy commute for the kids.

[smartcode_project_cta:default project_id=109240]

GVG have taken to creating homes that feel like traditional houses, ensuring that residents have plenty of space to relax, entertain, and truly make their own

Gardner Vaughan Group offering house-like apartments in Zinc Bokarina

In the bustling West End district of the city, Sekisui House Australia's West Village has captured the hearts of many homeowners.

With its unique blend of modern living and historical charm, the vibrant community has become a sought-after destination for those seeking a distinctive lifestyle.&nbsp;

The Thomas's are one such buyer that were attracted to the allure of the Brisbane community, stumbling upon West Village by chance while&nbsp;enjoying a cup of coffee in West End back in 2018.

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Intrigued by a laneway adorned with beautiful plants, they decided to explore further, hoping to gather inspiration for their own backyard.

"Little did we know there was a Sales Office at the end of the walkway, and after a lengthy chat with the Sales Team we bought into Stage 1," they said.&nbsp;

What attracted them most to West Village was the grand vision behind it. At the time of their purchase, only Stage 1 was being built, while the rest of the site consisted of a dilapidated ice cream factory and a vast excavation site.

"We really had to believe in the vision, and with the backing of a Japanese developer (Sekisui House) we felt confident what we saw would one day be a reality."

The couple bought their apartment in Stage 1, specifically in the Park &amp; Lexington building, in April 2018. They eagerly moved in on the day of settlement in October of the same year, with West Village still in its early stages, with construction in progress and the iconic heritage-listed ice cream factory undergoing refurbishment.

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West Village's unique qualities made it an appealing place to call home. The prime location and proximity to the central business district were major attractions.

"We also loved the idea of having a heritage listed building as the centrepiece of the site, and then all the amenities, shops, etc being built around it."

Living in West Village has exceeded their expectations in numerous ways, with the convenience of having a full-line Woolworths and Harris Farm downstairs making daily errands effortless, the couple said.&nbsp;

"Living in the heart of West End is amazing – it’s such a unique community we’ve worked in and visited for many years, and it’s now our home."

"We’ve made some amazing friends since living here," they added.&nbsp;

According to the Thomas's their apartment itself holds many joys. The abundance of natural light, airy ambiance, and tasteful finishes perfectly align with their personal style, while the sunsets over Mt Cootha provide a picturesque backdrop, adding a touch of natural beauty to their everyday lives.

[smartcode_project:default project_id=114215 project_image_fid=205523]

With their purchase in Stage 1 being such a success, the couple decided to buy another apartment within West Village in the Altura building.&nbsp;

"After COVID with us both working from home we needed a bit more space, so when an opportunity to upsize within West Village became available, we jumped at the chance. It would be hard to live anywhere else now."

Altura is now completely sold out, with the twin tower Allere Collection now selling in West Village. Sitting at 85 per cent sold, all the one-bedroom apartments have already been sold, with only two, three, four and five-bedroom floorplans remaining.&nbsp;

[smartcode_project_cta:default project_id=114215]

What's driving buyers to Sekisui's West End development, West Village

Surrounded by the beauty of the Gold Coast's Little Tallebudgera Creek, Florian stands inspired by the idyllic lifestyles of the French Riviera.

The tranquil retreat, perched above the meandering bends of the creek and a stone's throw away from the sands of Broadbeach, offers residents an escape from the ordinary.

With its prime riverfront and parkside location, Florian is a sanctuary amidst the vibrant energy of the Gold Coast, perfectly situated between the expansive Cascade Gardens and the river foreshore.

Rising 17 levels, the residences at Florian offer sweeping vistas of the river, parkland, hinterland, and ocean, but the allure of Florian lies not only in its panoramic views but also in the array of amenities that envelop the development.

[smartcode_project:default project_id=7349 project_image_fid=207392]

Leisurely strolls along the riverside boardwalks and sub-tropical gardens that grace the perimeter of Florian provide a serene escape, while the nearby beach, located only a 15 minute walk away, offers an convenient opportunity for a swim.

For those seeking culinary delights, Florian's vicinity boasts a multitude of options. From rooftop bars to casual cafes and riverfront dining, there are numerous places where residents can relax by the water, indulge in alfresco dining, or savour an ice cream while taking a stroll along the boardwalk.

Located opposite Cascade Gardens, the green space also features the Queensland Korean War Memorial, Surfers Paradise Rotary Park, and the Kokoda Memorial Park, offering both a tranquil atmosphere and ample space to enjoy the outdoors.

Florian residents also have easy access to the best that Surfers Paradise has to offer. The Light Rail Station, located just 300 meters from the development, provides seamless transportation options along with various bus interchanges. With a short journey, residents can explore the nearby suburb of Broadbeach, where they can enjoy locations such as The Star Casino, Pacific Fair shopping centre, and the Convention and Exhibition Centre.

[smartcode_project:default project_id=7349 project_image_fid=207397]

The Broadbeach Bowls Club can be accessed within an 11-minute walk from Florian, while the Kurrawa Surf Club and Park are just a few streets away.&nbsp;

In the opposite direction, just across the river, lies the exclusive island community of Isle of Capri, which homes an array of restaurants, espresso bars, stylish boutiques, market-style produce stores, a post office, medical centre, pharmacy, and gym.

Three-bedroom apartments are priced from&nbsp;$1.470 million, with completion of Florian slated for early 2025.&nbsp;

[smartcode_project_cta:default project_id=7349]

Leisurely strolls along the riverside boardwalks and sub-tropical gardens that grace the perimeter of Florian provide a serene escape, while the nearby beach, located only a 15 minute walk away, offers an convenient opportunity for a swim

The best of both worlds: How Florian, Surfers Paradise takes advantage of its riverside and parkside location 

Situated in the heart of the Sunshine Coast, Lowanna Beach Resort is now entering an exciting phase as construction gets underway.

With designs by Cottee Parker and it's prime location, the development offers a unique opportunity for those seeking modern coastal living with urban convenience and a beach soul.

The one, two and three-bedroom dual-key apartments at Lowanna Beach Resort have been designed to maximise space and embrace the natural surroundings.

[smartcode_project:default project_id=101206 project_image_fid=162027]

Unlike typical stock developments, the apartments boast large living areas, expansive balconies, ample storage, and high-spec finishes.

Enviably located at 38-44 Lowanna Drive, Buddina, residents will be within&nbsp;walking distance or a short 15-minute drive to a range of amenities and attractions, including beaches, world-class medical facilities, high-end retail, dining, and entertainment options.

The apartments offer views of the ocean and hinterland, with the beach and the renowned Kawana Surf Club just 200 metres away.

For those seeking retail therapy, the resort is conveniently located a stone's throw away from the bustling Kawana Shopping World hub.

High-quality tertiary education options are also within easy reach, as are the domestic and international airports.

[smartcode_project:default project_id=101206 project_image_fid=162024]&nbsp;

Investors have taken up a proportional chunk of the stock at Lowanna, thanks to the six per cent guarantee return on investment with the apartments.&nbsp;

Residents of Lowanna Beach Resort will be treated to a resort-style pool with day beds, while there's also a club lounge and barbecue area.

With construction now underway, the opportunities to purchase an apartment at Lowanna Beach Resort are becoming increasingly limited.&nbsp;

All the one-bedroom apartments have been sold, with a collection of two and three-bedders remaining, priced from&nbsp;$795,950.&nbsp;

Brisbane-based construction company, Constructions Group are handling the build of the development, with completion slated for June 2024.&nbsp;

[smartcode_project_cta:default project_id=101206]

The one, two and three-bedroom dual-key apartments at Lowanna Beach Resort have been designed to maximise space and embrace the natural surroundings

Construction underway at Buddina's Lowanna Beach Resort

Nestled along the coveted northern shores of the Gold Coast, Runaway Bay stands as a flourishing metropolis known for its refined coastal luxury.

Offering a blend of subtropical foliage and maintained parklands, the vibrant community will soon welcome a new general to it's ranks, with full service property investment and development group Monaco Property Group developing their new luxury tower Belvue at&nbsp;15 Bayview Street.

MPG will deliver 31 full-floor apartments, with future residents primed to take full advantage of all Runaway Bay and it's surrounding suburbs has to offer.&nbsp;

[smartcode_project:default project_id=108982 project_image_fid=210141]

Whether you fancy a leisurely stroll along the picturesque Broadwater or a picnic at Pacific Park, it's all as easy as picking and choosing each day as a resident at Belvue.&nbsp;

Just a stone's throw away from Belvue lies an array of attractions waiting to be discovered. Across the water, the Southport Yacht Club, Marina Mirage, Tedder Ave, and Main Beach beckon, offering a myriad of experiences, ranging from dining options to upscale shopping opportunities.&nbsp;

For those seeking active pursuits, Runaway Bay Sports Super Centre provides a haven for sports enthusiasts, with the centre boasting state-of-the-art facilities.

Golf enthusiasts can enjoy a day on the green at The Pines Golf Course, while Quota Park offers outdoor gym facilities, with a nearby playground ensuring the little ones can join in the fun.

[smartcode_project:default project_id=108982 project_image_fid=210145]

The waterfront walking paths from Runaway Bay to Southport are also within easy reach from Belvue. Along these scenic routes you can take in the panoramic views stretching as far as Surfers Paradise, Southport Spit, Wavebreak Island, and Sovereign Island.

Convenience is another key advantage of living at Belvue. Runaway Bay Shopping Centre is just a short distance away, offering a plethora of retail options to cater to residents' everyday needs, while Paradise Point's shopping and dining scene can be reached within 10 minutes.

Marine Parade restaurants provide another nearby culinary option, as does the Southport CBD and Main Beach, which are a mere 15-minute drive away. Surfers Paradise, with its renowned attractions and vibrant nightlife, is also within easy reach, located just a quick 20-minute drive down the Gold Coast Highway.

A range of three-bedroom floorplans are still available in Belvue, with prices starting from&nbsp;$3.545 million.&nbsp;

[smartcode_project_cta:default project_id=108982]

MPG will deliver 31 full-floor apartments, with future residents primed to take full advantage of all Runaway Bay and it's surrounding suburbs has to offer

Belvue Runaway Bay: Embracing the best of coastal living

The Brisbane property market continues to rebound from its double-digit losses across 2022 and early 2023.

Only the Queensland capital and Perth recorded dwelling value gains of over one per cent (1.4 per cent) across May, according to the latest Home Value Index by property data analytics firm CoreLogic. Brisbane values are now -9.4 per cent below their June 2022 peak.

House values in Brisbane rose by 1.5 per cent to be -9.3 per cent down over the last 12 months.

Units, which incorporates both apartments and townhouses, have faired better during the property market downturn. Their 1.1 per cent value jump in May means they are now 1.4 per cent up over the last 12 months and two per cent since the start of 2023.

The median unit value in Brisbane is now $504,000.

<h2>What's happening in the Brisbane off the plan apartment market?</h2>

There's still a significant undersupply of quality stock across Brisbane. With few new projects launching, sales successes are being achieved across the small selection of apartments on offer.

In their first foray into the Brisbane market, diversified national developer Goldfields has just announced it's already sold half of the apartments in 33 Manning, their Rothelowman-designed tower in Milton.

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They've transacted over $14 million worth of sales in the last 10 days alone.

Goldfields CEO Lachlan Thompson says that while demand has been robust from the outset, they've noticed increased buyer sentiment in the past month, with people becoming more confident in making a decision to purchase.

"Buyers obviously need confidence in the developer; however they’re becoming increasingly informed about the instability in the construction sector," Thompson says.

"We’ve found buyers are now placing a premium on builder reputation to ensure certainty on the project outcome and a high quality finish."

[smartcode_project:default project_id=108736 project_image_fid=209941]

The majority of buyers at 33 Manning have been local owner-occupiers who already know and love the area, however Thompson says recently they are seeing the re-emergence of first home buyers seeing what is ahead for values across Queensland.

Consolidated Properties Group have had similar success at their recently launched Monarch Residences in Toowong.

They've sold over 100 apartments in sales having only launched just a few months ago.

[smartcode_project:default project_id=113455 project_image_fid=211497]

Consolidated Properties Group Head of Residential James MacGinley says there's more activity at the top end of the market in recent years, and the price range for luxury property has become broader.

"Monarch Residences project in Toowong has an average price point of $1.9 million and we’ve sold over 100 apartments in the two months since launch, including nine apartments priced at more than $4 million," MacGinley says.

There's been strong early interest for the 11 penthouses which Consolidated have just launched. They range in price from&nbsp;&nbsp;$4.15 million through to $12 million.

[smartcode_project:default project_id=113455 project_image_fid=212794]

MacGinley says the key to selling in the current market is really understanding the buyer demographic.

"At Monarch Residences, we have split our penthouse collection between the top floors and the lower level along the riverfront.

"This decision was made to appeal to two distinct groups of buyers - those wanting a traditional penthouse with horizon views, and those looking for a ‘river home’ with the benefits of apartment living.

"This market-led approach to design is something we employ across all of our residential projects which ultimately underpins sales success.”

Melbourne and Brisbane developer Kokoda property is pushing it's foot down on the Brisbane market. In May they paid a record $100 million for a <a href="/news/qld/kokoda-snare-last-remaining-riverfront-in-teneriffe-for-mixed-use-development">17,600 sqm site on the waterfront in Teneriffe</a>, the last remaining riverfront site in the affluent suburb.

They're planning a huge $1.75 billion mixed-use precinct on the Skyring Terrace block. They've also <a href="/news/qld/first-look-kokoda-file-plans-for-latest-milton-apartment-tower-ruby-ruby">recently submitted plans for a Cottee Parker-designed tower</a> in Milton, near their recently completed The Ambrose by Kokoda, where just the penthouse collection remains.

[smartcode_project:default project_id=6313 project_image_fid=208660]

Kokoda Property Founder and Managing Director Mark Stevens says buyer sentiment remains strong within the Brisbane market due to tightening supply across the country.

"Brisbane, in particular, has witnessed an influx of interstate and student migration, resulting in a significant shortage of houses on the market.

"This current climate signals a fantastic investment opportunity not only for developers launching new projects, but also in support of the great yields that properties are achieving for both investors and owner occupiers between 2019–2023."

Longtime Brisbane developer Gardner Vaughan Group are steadily selling down their current Brisbane projects, but at a controlled pace given the fluctuations in build costs throughout the construction phase.

Sam Gardner , Gardner Vaughan Group's Director of Finance and Sales, says there's a lot of fence sitters at the moment, in particular in the owner-occupier market.

"It’s not necessarily a case of a problem with the product, or the price, it’s a mixture of market pressures.

"Really, the biggest concern from buyers at the moment is; is the building going to get built, will it start, will it finish.

"Being a developer builder certainly helps, and this is why we really focus on our sod turning ceremonies, one of which is coming up at our Stones Corner project.

"Other feedback is of course the interest rate rises which has hampered how much people can borrow. People have too many reasons to not make a decision at the moment, but that will change as demand further outstrips supply.”

Read last month's City Beat May 2023 report <a href="/news/qld/city-beat-may-2023-brisbane-unit-markets-continue-growth-trajectory-as-supply-tightens">here</a>.

There's still a significant undersupply of quality stock across Brisbane. With few new projects launching, sales successes are being achieved across the small selection of apartments on offer

City Beat June 2023: Brisbane's tight supply drives off the plan apartment sales 

The display suite at the $250 million Masthead Ocean Club, a project with connections to the Royal family, opened with a bang last week, with every buyer promised a BMW electric car.

Masthead is being developed in partnership by Australian businessman Rory O'Brien and Banda, a world-leading interior design studio and development business founded by Edo Mapelli Mozzi, husband of Princess Beatrice.

The luxury display suite features a full scale all marble kitchen imported from Italy as well as a dynamic and interactive fully detailed apartment walkthrough utilising the latest gaming technology.

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"We are thrilled to be officially showcasing the most exclusive residential offering in Australia," O’Brien said.&nbsp;

"Masthead Ocean Club represents a new pinnacle of luxury living on the Gold Coast. We have spared no expense in creating an exclusive haven that combines breath-taking design, impeccable craftsmanship, and world-class amenities.

“Our partnership with Banda brings a unique blend of sophistication and elegance to Masthead. With their expertise in interior design and development, we have curated a living experience that exceeds expectations and redefines luxury.

“We look forward to welcoming our guests and giving them a taste of the luxurious seven star lifestyle that awaits at Masthead Ocean Club."

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Once complete, Masthead will comprise an boutique collection of 28 whole floor apartments capturing sweeping, protected views of the Pacific Ocean, Broadwater, and Hinterland.

Melbourne based Mim Design has been engaged to design Masthead’s 20 luxury apartments, whilst Banda will be designing the five sky homes, two sub-penthouses and the one quad-level super penthouse.

Each whole floor apartment will provide 317 sqm of living space, with picturesque views from every room, as well as private direct and secure lift access, double garaging, and state-of-the-art technology.

Masthead will also see the delivery of one of the world’s most elite in-house residents’ only club providing an ultra-luxe comprehensive amenities range, to be known as ‘The Ocean Club’.

With membership only accessible via a Masthead apartment purchase, The Ocean Club will encompass premium in-home facilities including a sophisticated wine and champagne lounge, a whiskey lounge, the Index Cigar lounge, private dining space, coffee bar, a library and business meeting areas.

[smartcode_project:default project_id=134759 project_image_fid=211817]

Residents will have 24/7 access to a health and wellness club where they can rejuvenate in a wet edge pool, spa, steam room and sauna, while fitness enthusiasts can relish in a state-of- the-art world class gym and unwind in yoga and Pilates studios.

Members will also receive additional benefits from luxury brands including Chairman’s Club membership to Levantine Hill Winery in The Yarra Valley, participation in Newgate’s 2023 racing&nbsp;syndicate, which will also include attendance at select race days in Newgate’s own suite at Randwick Racecourse, and a complimentary new BMW electric car.

Setting a new benchmark for luxury living in Main Beach, Masthead Ocean Club residences are priced from $5.9 million.

[smartcode_project_cta:default project_id=134759]

The luxury display suite features a full scale all marble kitchen imported from Italy as well as a dynamic and interactive fully detailed apartment walkthrough utilising the latest gaming technology

UK Royal's $250 million Masthead Ocean Club display suite officially opens 

The vibrant coastal town of Caloundra in Queensland's Sunshine Coast is experiencing a surge in popularity thanks to the revitalisation of its CBD and the upcoming 2032 Olympic and Paralympic Games.

And in good stead to take advantage of the transformation stands Ocean Rise, a boutique collection of just 14 residences that seamlessly blend seaside living with luxury.

Situated a mere four-minute walk from the shoreline of Kings Beach, Ocean Rise offers sweeping coastal views in every direction. From Bribie Island to Moreton Island and all the way up to Point Cartwright, the residences provide an unparalleled vantage point to soak in the beauty of the Australian coast.

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Caloundra CBD's ongoing revitalisation project is set to reshape the southern end of the Sunshine Coast.

Ocean Rise will sit within a short drive or less than a 15-minute walk to Caloundra's main street, where residents will have easy access to a range of streetscaping and placemaking upgrades, in addition to plans to create a vibrant hub for arts, community, and creativity, ensuring that the cultural scene comes alive in the coastal town.

Beyond the beaches, Ocean Rise also offers proximity to natural wonders with the internationally-renowned Glass House Mountains a 30-minute drive away, while the hinterland towns of Maleny and Montville or even Brisbane aren't too far away. The Sunshine Coast International Airport is also just 30 minutes away.

What sets Ocean Rise apart is its unique positioning in relation to the 2032 Olympic and Paralympic Games. As South East Queensland gears up to host the world's largest sporting event, a public rail transport system is anticipated to directly link Caloundra. This will make it effortless for residents to travel north or south and be part of the Olympic action.&nbsp;

The architectural design of Ocean Rise harmonises with its coastal surroundings, boasting a facade that seamlessly blends neutral earthy tones with timber and stone features.

[smartcode_project:default project_id=112638 project_image_fid=195935]

Residents will benefit from a grand entrance that leads to the secure underground carpark, while there's also an array of curated outdoor spaces, including a pool and seating areas.

In a region where large floor spaces coupled with ocean views are a rarity, Ocean Rise's 14 apartments boasts a spacious open living area with a high-specification entertainer's kitchen, complete with stone benchtops that feature waterfall edges.

Most of the apartments are blessed with large windows and expansive views, while the attention to detail extends to the layout of the balcony and lounge, maximising the outlooks and providing unobstructed views as far as the eye can see.

Ocean Rise has already seen swift interest, with the ground floor two-bedroom apartment already sold and only a limited collection of three-bedroom floorplans remaining.&nbsp;

[smartcode_project_cta:default project_id=112638]

Ocean Rise: Where seaside lifestyle meets luxury in Kings Beach

It seems like only a few years ago Chevron Island wasn't on the map for apartment developers.

The charming village just a bridge away from Surfers Paradise was home to an ageing population, and ageing buildings. Most of the apartment buildings were four or five decades old.

Fast forward to 2023, and it's one of the most popular spots for both buyers and developers in the centra Gold Coast area.

The Sydney-based Macquarie York were one of the first developers to descend on the island under its new transformation. They're also currently developing Nina.

Siera Group are currently preparing construction at Tapestry at 39 Darrambal Street, while Aniko are over 60 per cent sold at Orama, their first development on the island.

There's also the huge Bensons tower, Chevron One, which is the tallest tower on the island at 41 levels. That will home some of the most expensive apartments not only on Chevron Island, but across the whole of the Gold Coast.

[smartcode_project:default project_id=6515 project_image_fid=68834]

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail.

GV Property Group's Antonio Mercuri and Luke Reaby have listed the site, with concept plans drawn up by Plus Architecture's Danny Juric for a 17-level tower with 167 apartments and rooftop recreation. There would be a mix of 92 two-bedroom apartments and 73 three-bedders.

The development, which is located in a zone with an unlimited height limit, will benefit from protected view corridors over the surrounding Nerang River and to Surfers Paradise, given the strict nine-level height limit near the water.

<img alt="Chevron Island" data-entity-type="file" data-entity-uuid="8111e2fb-2452-410b-b9f5-32594b4b0a5d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-02%20at%209.07.47%20am.png?VersionId=oehSxOfqO0ayt54R2dgohQj1pWQHWcFy" />

MOTIV Director Carly Cottam, who has offered revenue advice for the project, suggests Chevron Island is an attractive proposition for buyers.

"Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail.&nbsp; There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

"As we know, supply of new apartments is drastically falling, however demand remains incredibly solid and due to this, we expect apartment prices to continue to increase if supply becomes more critical," Cottam says.

“We’re still seeing a significant proportion of demand from interstate buyers, mostly from NSW and VIC, however the first to act are our Gold Coast and Brisbane buyers as they are fully aware of the limited opportunities at present.”

“Demand for luxurious apartments that offer the luxury-intent investor and owner-occupier a low-maintenance, beachside lifestyle continues to dominate. Chevron Island offers residents the best of both worlds, a short, walk to Surfers Paradise, our golden beaches and an array of cafes, restaurants, shopping and retail. There’s also an exciting amount of gentrification in the works through Surfers Paradise and Chevron Island.”

GV Property Group's Luke Reaby says, while demand from developers has scaled back from its COVID peak, there's still plenty of interest up and down the Gold Coast, particularly from Sydney and Melbourne developers who aren't getting much luck with councils in their own states.

"We're also seeing some of the big name developers come out and buy, which is a strong sign of confidence in the future of the residential sector.

"As the competition is not as fierce as it was, we are seeing both vendors and developers look at more structured deals, with longer settlement terms the most common."

A rare opportunity to secure a prime 2,529 sqm site at 6 Stanhill Drive, on the sought-after eastern side of the island near the bridge to Surfers Paradise and the Thomas Drivee strip of cafes, restaurants and retail

Opportunity knocks for Gold Coast developers with prime Chevron Island site listing

Brisbane developer builder,&nbsp;SAVVE Developments &amp; Construction, have ticked off a major milestone at their new Indooroopilly apartment project, The Audrey.

The Audrey, currently under construction on the tree-lined Clarence Road, has been met with keen buyer interest, with over 55 per cent of the 30 apartments already accounted for.

SAVVE Director,&nbsp;Sandro Alberti, told us their research showed that most buyers would be locals, within an eight kilometre radius, which has, so far, been the case.

"Being the builder and developer meant we were able to fully customise, not only the fit out of each apartment but also able to amalgamate two floor plans together to purposely design larger apartments, satisfying our client's desired outcomes," Alberti said.&nbsp;

[smartcode_project:default project_id=94824 project_image_fid=209991]

Designed with owner-occupiers in mind, the development offers a range of amenities that cater to both social and recreational pleasures, with the crowning rooftop terrace a highlight of the project. The space features a swimming pool, along with a number of sun lounges and cabanas, in addition to separate dining areas and barbecue facilities and a fire pit.&nbsp;

There's just 30 apartments set to be constructed within The Audrey, following a number of buyers amalgamating apartments. There's a strong mix of two, three and four-bedroom floorplans on offer in the Prospect Architecture-designed building.

"Of those buyers that decided to opt for larger residences, we have worked together with our architects and them to design magnificent four or five-bedroom apartments that cater for their customised interior preferences," Alberti added.

"With the addition of these unique larger residences within our boutique complex, we've reduced the number of apartments from 35 to now just 30".

The generously sized residences feature herringbone timber floors, which lead out to balconies that have been designed to encompass far reaching views of the surrounding area.&nbsp;

Each apartments is equipped with a laundry, along with an ensuite, media room, butler's pantry and expansive storage.&nbsp;

[smartcode_project:default project_id=94824 project_image_fid=209992]

The ground floor of the building will feature an elegant foyer lobby, setting a welcoming tone for residents and guests alike, along with a residents' library and a dedicated dog grooming and spa area.

Commercial tenancies will also take up shop across the ground floor of the site, with the two-storey addition set to include space for offices and food and beverage retailers.&nbsp;

The location of The Audrey puts residents in prime position to take in the best the riverside suburb has to offer, situated just moments away from an array of cafes, restaurants, world-class shopping, and golf courses. Residents will be within proximity to the Brisbane River's new boardwalk and Indooroopilly Shopping Centre, while also being nearby to the train station, which provides easy connection to the CBD which is located just seven kilometres away.&nbsp;

[smartcode_project_cta:default project_id=94824]

SAVVE Director, Sandro Alberti, told us their research showed that most buyers would be locals, within an eight kilometre radius, which has, so far, been the case

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