<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

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"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

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That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

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Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

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Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

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S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

[smartcode_project_cta:default project_id=140491]

How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

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The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

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With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

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Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<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;

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

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&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?

Plans have been submitted by the local Gold Coast apartment developer Aniko Group for their massive $1.5 billion landmark project in Mermaid Beach.

The four-tower development on over 1.1 hectares on the corner of Gold Coast Highway and Seaside Avenue, will see 973 apartments delivered, as well as a luxury hotel, offices, and a good, beverage and retail precinct.

The four towers, which are designed by award-winning firm Plus Architecture, will rise 25, 30, 40 and 53 levels, with a mix of&nbsp;one, two and three-bedroom apartments, as well as an exclusive collection of three-bedroom-plus-study sky homes, sub-penthouses and penthouses.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="850375c8-2872-43f8-a51a-5e76435442fe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.44.57%20am.png?VersionId=GvNgDUPxayzQEGtjl1kvrb0btNlmcrZK" />

The apartments will range in size from 60 sqm for the one-bed units to over 500 sqm for the penthouses. Plus have designed the apartments&nbsp;to appeal to a broad range of buyers from sea changers, owner-occupier lifestyle seekers, downsizers, investors, and lock-and-leave holiday homeowners.

Residents will have access to&nbsp;extensive amenity on an expansive recreation podium. The podium will service all four towers, offering a central resort-style lagoon pool, separate lap pool, sauna, steam room and a large gym.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="9b53a9ca-d0f7-442b-a65d-a26bdacece9c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-23%20at%202.51.34%20pm.png?VersionId=Wq.MIwjVSdiF6jwZ80QoRsPd2A25CWsY" />

The recreation podium will also provide extensive recreational amenities for residents and hotel guests including a bowling alley, a teen arcade, a Treasure Island kids’ play area with a Lazy River kids’ lagoon, and a multi-use court that will accommodate half-court basketball, volleyball and pickleball.

A residents’ lounge, with work-from-home facilities, will be complemented by breakout seating areas throughout, including a dedicated firepit.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="070ab984-78b0-4b5a-81d3-987c3ca53340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.46.03%20am.png?VersionId=srlprIkq0ZIX1zvOg22Ma0ZBPF5wo6aw" />

The ground floor will offer fine dining that utilises more than 100 metres&nbsp;of waterfront presence to the west of the property facing Pacific Fair.

Aniko Group Managing Director George Mastrocostas said they're hoping to launch the first stage of the project in late 2023, pending approvals, with the first residents to be welcomed by 2025.

The project will be delivered in four stages over the next six years. The first stage will comprise the 30-level tower with 175 one, two and three-bedroom units on offer.

“We believe the proposed plan will provide a unique and highly curated experience for both residents and workers of the development and the local community beyond,"&nbsp;Mastrocostas said.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="db1d5340-14b9-4c4a-8267-eb754f2f236c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.45.34%20am.png?VersionId=xiqcXMzDItbWrrBdMmbsUDJD1DrNErhh" />

“With the support of GCCC, we intend to reinvigorate the existing Pacific Fair Drive with retail, food and beverage tenancies which will invite and encourage pedestrian movement along our site and towards the canal edge.

“With these lifestyle and connectivity considerations key components of the master plan, this project will certainly be a game-changer for Mermaid Beach as residents and visitors can live, work, eat and play all within the same vicinity."

The mixed-use development will also include more than 10,000sqm of commercial A-grade office space, leveraging off the site’s prime position along the Gold Coast light rail while bolstering supply in a tightening Gold Coast office market.

“The inclusion of a commercial component to the project will create a local hub for a range of businesses and services located within walking distance to accessible public transport,” Mastrocostas added.

The four towers, which are designed by award-winning firm Plus Architecture, will rise 25, 30, 40 and 53 levels

Aniko lodge plans for $1.5 billion Mermaid Beach development

After securing $120 million in sales, Drew Group has teamed up with Hutchinson Builders and global investors to commence construction on the company’s Lagoon Main Beach project.

The partnership brings on board YieldStack, which manages the international funding of global investors and Australia’s largest privately owned builder, to deliver the $395 million twin-tower project which is earmarked for a near 4,000 sqm site at 11-23 Cronin Avenue in the heart of Main Beach.

Hutchinson Builders, a diverse construction company with a comprehensive portfolio of residential and commercial projects, brings to Lagoon Main Beach more than 110 years of construction experience and a completed workbook totalling more than $35 billion.

[smartcode_project:default project_id=108747 project_image_fid=204480]

Hutchinson's has an unparalleled industry reputation for project delivery with a strong balance sheet of more than $388 million, which Chairman Scott Hutchinson says underpins the group’s performance.&nbsp;

“We currently have an extensive workbook of projects on the Gold Coast, and we are delighted to be working closely with Drew Group to bring a development of this calibre to Main Beach,” Hutchinson said.&nbsp;

Lagoon Main Beach will comprise of two buildings - the Sunrise Tower and Sunset Tower - each positioned to capture sweeping views across the length of the Broadwater and the Hinterland, as well as aspects to the Pacific Ocean, from Stradbroke Island to Coolangatta.

The Sunrise Tower will offer a combination of two and three-bedroom apartments and Drew Group’s Signature Collection residences across 31 levels, whereas the Sunset Tower will rise 24 levels and feature 116 apartments comprising of one, two and three-bedroom configurations.

Lagoon will offer generously sized apartments and a swathe of high-end amenities designed to complement the coastal lifestyle planned, located just 50 metres from the famed Tedder Avenue dining and entertainment precinct while also being just 150 metres to the beach.

[smartcode_project:default project_id=108747 project_image_fid=190743]

A secluded lagoon pool oasis with private cabanas will find a place within the development, along with indoor and outdoor lounges, a fitness centre, yoga deck, a heated spa, surfboard and wet item storage and a business hub.&nbsp;

Lagoon Main Beach is being marketed by Jayde Pezet and Todd Matheson of Pezet Matheson who have overseen the $120 million worth of sales so far.&nbsp;

“We’ve seen incredibly strong traction from interstate and local buyers who appreciate the high quality of Lagoon Main Beach and the fundamental appeal to the area. The fact that Lagoon Main Beach is fully funded and poised for construction commencement in January 2023, is very appealing to purchasers and provides them with complete certainty,” Pezet said.&nbsp;

Established in 1982, the Main Beach-based Drew Group is a family-owned property developer with Managing Director, Jon Drew saying he was excited to bring Lagoon Main Beach to fruition with the support of YieldStack and Hutchinson Builders.

“Hutchinson has an enviable reputation as a builder with a quality of standards that gives our buyers confidence to commit to the project off the plan,” said Drew.

[smartcode_project:default project_id=108747 project_image_fid=198829]

“The preliminary market response to Lagoon Main Beach and the pivotal partnerships we have now forged have positioned us to begin construction, with the demolition of the site complete and building to commence immediately.”

“With the financial backing of YieldStack, we now have a world-class team to deliver our vision for this wonderful site.”

Yield Stack’s Investment Director, Neil Kumar said they see Lagoon Main Beach as a significant opportunity on the Gold Coast, with the market only continuing to be well supported by strong fundamentals.&nbsp;

“Our partnership with Drew Group on this project is founded on the company’s excellent track record of premium developments within the Gold Coast market,” said Kumar.

[smartcode_project_cta:default project_id=108747]

Established in 1982, the Main Beach-based Drew Group is a family-owned property developer with Managing Director, Jon Drew saying he was excited to bring Lagoon Main Beach to fruition with the support of YieldStack and Hutchinson Builders.

Hutchinson Builders appointed to construct $395 million Lagoon, Main Beach apartments

Leading South East Queensland builder turned developer Graya is continuing to bolster it's Palm Beach, Gold Coast apartment development pipeline.

Having filed <a href="/news/qld/exclusive-first-look-graya-set-for-ripple-palm-beach-apartments">plans for Ripple Palm Beach in August</a>,&nbsp;Graya, led by brothers Rob and Andrew Gray, have lodged plans for Kloud Palm Beach, a collection of just 20 apartments on the sought-after Jefferson Lane dress circle.

The 824 sqm site at 154 Jefferson Lane was put together and sold by local development site amalgamation specialists GV Property Group.

Kloud will rise 10 levels and have a mix of two, three and four-bedroom apartments.

Graya now has four projects planned across Mermaid Beach, Burleigh Heads and Palm Beach. Their other Palm Beach project Ripple is just up the road on the beachfront.

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Graya Managing Director Rob Gray says Palm Beach ticks all the boxes for what the team were looking for.

"When selecting a site, we look closely at all of the fundamentals - demand, future infrastructure investment, and lifestyle," Gray says.

"After carefully assessing these criteria, it was a no-brainer when selecting Palm Beach as the ideal location for our next multi-residential development.

"Palm Beach has evolved to be the lifestyle capital of the Gold Coast, with some of the coasts best cafes, bars and restaurants in the precinct, and of course, easy access to one of Queensland's best beaches."

<img alt="d" data-entity-type="file" data-entity-uuid="30fdb7ce-d97d-4757-b079-dc14bf6e6069" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-19%20at%208.13.34%20am.png?VersionId=sN1Gng1i4ux20ZVep0gQIfdp4NH_AkJz" />

In the design submission lodged with the Gold Coast City Council, Graya's inhouse design team said&nbsp;Kloud is a concept that formed from exploration of the coastal lifestyle and its daily patterns and routines.

"Waking with the sunrise, an early morning surf and grabbing a coffee from the local. These patterns are fluid but define a strong rhythm unique to coastal living.&nbsp;

The apartments are primarily oriented towards the coastline, offering sweeping views and visually extending the outdoor spaces.

A communal swimming pool is located on the ground level.

&nbsp;<img alt="f" data-entity-type="file" data-entity-uuid="1a9ca3dc-53eb-4d91-a7ff-8055c9fd2202" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-19%20at%209.16.47%20am.png?VersionId=7NP1IiOboxl1Z_vRwa.6ALLnhOFTrkvc" />

Andrew Gray, Graya's Co-Managing Director, says the&nbsp;Gold Coast is synonymous with beaches, great weather, and a strong sense of community.

"We're looking forward to showcasing our first Gold Coast multi-residential development, Kloud, and everything it offers.

"This luxury development will be designed and built by Graya. We opted for the name Kloud as it reflects our vision to bring sky homes that float above the horizon, with long views along the beach to Burleigh Headland in the North and Currumbin Headland to the South."

&nbsp;

Graya now has four projects planned across Mermaid Beach, Burleigh Heads and Palm Beach.

GRAYA unveil second Gold Coast apartment project

Following hot on the heels of Bassar Construction Group’s sell-out success project, Infinity, the group has launched its sister development on a prime beachside site in Broadbeach.&nbsp;

Hutchinson Builders are due to complete work on Infinity in the second quarter of 2023 before moving on to start construction on Eternity, which has been designed by the award-winning Plus Architecture.&nbsp;

Conceived as a slender and coastal-inspired tower, the building will be interwoven with elements of nature.&nbsp;

[smartcode_project:default project_id=108356 project_image_fid=208981]

Lush landscaping and perimeter planting is set to don the ground level of the development, with Bassar’s Leo Sarris saying they want people to feel a connection to nature the moment they enter Eternity.&nbsp;

“We want people to feel that connection to nature from the moment they step inside the grounds, from the comfort of their living spaces, and from their balconies facing the ocean,” he said.&nbsp;

“Even though Broadbeach is an inner-city suburb, you have this wonderful foreshore and the beach right there on the doorstep.”

[smartcode_project:default project_id=108356 project_image_fid=208983]

The project will deliver 88 apartments across 35 levels, in addition to a full level dedicated to residential amenity, including a pool, gym, yoga lawn, an outdoor deck with barbecue facilities, a private dining room, and a business centre to cater for remote workers.&nbsp;

A mix of floorplans will be on offer at Eternity with three-bedroom apartments planned for the lower levels, spanning from 189 sqm to 214 sqm. 300 sqm half-floor sky homes will also be available, featuring four-bedrooms plus a multi-purpose room, along with two 597 sqm penthouses which will be set over two levels, complete with a rooftop terrace.&nbsp;

[smartcode_project:default project_id=108356 project_image_fid=208984]

Located at 14-18 Mary Avenue, view lines are set to be the main attraction at Eternity, with the eye travelling to the ocean over school grounds which will never be built out.&nbsp;

“For those who are downsizing from a house in a suburb away from the beach or coming from city locations, views of the ocean are number one,” said Sarris.

“Having lived through the events of the past two years, the ability to sit outside, see the water, and walk to the beach or exercise along the foreshore are almost non-negotiable.”

[smartcode_project:default project_id=108356 project_image_fid=174111]

Finishes in a classic coastal palette will reflect a laid back luxury beachside lifestyle, with wide engineered oak floorboards complementing natural stone bench tops, brushed metal tap ware, wool carpet, and timber veneer cabinetry.

Apartments are priced from $1,750,000 with&nbsp;Sales Agent, Andrew Ramsey suggesting&nbsp;Eternity is ticking the right boxes with buyers.

“Eternity was presented to the Kollosche database as well as those who purchased in Infinity,” Ramsey said.&nbsp;

“Buyers have instantly seen the value of the location, size, and finishes on offer at Eternity.”

[smartcode_project_cta:default project_id=108356]

Bassar Group launch Eternity, the sister apartment development to Infinity Broadbeach

Polites Property Group has bolstered it's growing Gold Coast apartment development pipeline, submitting plans for a boutique tower on a recently acquired site on Surf Parade in Broadbeach.

Acquired off market, the 607 sqm 152 Surf Parade site is located in the heart of Broadbeach, opposite Nikiforides Family Park and near to Broadbeach Bowls Club and Broadbeach Surf Life Saving Club.

It will home just 21 apartments, 18 three-bed units and three four-bedroom apartments.

With sweeping protected views overlooking the green expanses of the park extending to the ocean, Polites joint Managing Director, Marcus Polites said the site had been purchased with the intention of building a boutique project featuring an exclusive number of full-floor residences.

“With an idyllic location opposite one of Broadbeach’s most iconic parks, this site offers a unique aspect in a coveted, central location,” Polites said.

“There is strong demand for large format, full floor apartments along the coastal strip and in Broadbeach, this is hard to come by.”

<img alt="Polites Surf Parade" data-entity-type="file" data-entity-uuid="8ebd91fd-823d-4c4d-954d-18207fad06b7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-23%20at%202.03.30%20pm_0.png?VersionId=F6VQSR7qVCOmqSK0rkBUTWkMwYiVljbU" />

“Our intention is to create a development that provides a boutique offering comprising 22 full floor residences including two sub penthouses and a penthouse boasting exceptional park, ocean, and coastline views. The residences will be accompanied by an array of premium, exclusive and private luxurious amenities and four levels of basement parking.”

Marcus and his twin brother Alex are the grandson’s of late property tycoon and BRW rich-lister Con Polites, who amassed a portfolio of more than 50 Adelaide CBD buildings before his death in 2001, which the Polites family still own, manage and develop.

Reaping the benefits of three generations of property experience and a track record working with some of the best in the business, the brothers are the developers behind several prominent Gold Coast sites, all of which are being developed as joint ventures, including the sell-out success Cabana at Palm Beach, Belvue Broadwater at Runaway Bay, and La Mer at Main Beach.

<img alt="Polites Surf Parade" data-entity-type="file" data-entity-uuid="4630f150-e19d-42a6-9687-21dab2267278" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-23%20at%203.09.47%20pm.png?VersionId=ZZtsZKXFDbEfZQxmM550ZgU1lpzfVlK7" />

Polites said the proposed development is expected to assist with addressing the significant dwelling supply shortfall in the city and will add a new level of sophistication and luxury to the residential apartment offering in the thriving suburb of Broadbeach.

“Broadbeach is peaking in popularity as the suburb redefines itself as the Gold Coast’s celebrated epicentre,” he said.&nbsp;

“As a result, a broad demographic of residents are seeking out the suburb to experience everything the iconic Gold Coast lifestyle has to offer, with easy access to premium lifestyle amenities in a stunning yet central beachside location.

“This suburb has long been renowned for its high level of walkability, and with easy access to more than 50 quality cafes and restaurants, high-end retail at Pacific Fair, the casino, the convention centre and surf clubs plus the beach and parklands - it is no surprise that Broadbeach continues its reign as one of the Gold Coast’s most desired destinations.

Polites said the proposed development is expected to assist with addressing the significant dwelling supply shortfall in the city and will add a new level of sophistication and luxury to the residential apartment offering in the thriving suburb of Broadbeach.

Polites plot $89 million luxury Broadbeach apartment project on Surf Parade 

Having recently launched it's latest project Lumina in Stones Corner, Brisbane developer Oakridge have their sights on their new project.

The Andrew Niven-founded private developer has lodged plans for The Pavilion in Upper Mount Gravatt.&nbsp;

A two-storey residence, which currently occupies the site, will be demolished to make way for three residential towers, set to comprise 144 apartments.

There's a full mix of configurations; 52 one-beds, 72 two-bedroom apartments, and 20 three-bed offerings.

Oakridge engaged architects MAS to design the residences, which take on a sub-tropical design.&nbsp;

<img alt="r" data-entity-type="file" data-entity-uuid="3bfaacc9-7528-46e2-8a69-f7b3bf18a5f9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-12-08%20at%2010.19.09%20am.png?VersionId=1K.sx7luuedsErnasiQFt34wQeLgq6fh" />

Towers one and three span the majority of the site, with a predominantly rectangular footprint, located along the south and north boundaries. The central tower, on the other hand, has a predominant square shape, aligning to the west boundary.

A central courtyard will be used as a common recreation space, with barbecue facilities and a swimming pool, which are threaded together with softened landscaping and meandering footpaths that arrives at each tower lobby.&nbsp;

Orientation and solar aspect are front of mind in the project, with deep balcony overhangs and fenestration to combat the effects of the Australian sun. The west orientated faces of the building are treated with louvred screens that work to both filter sunlight and add privacy to the western neighbouring complex.&nbsp;

A subdued and refined material palette including off form concrete coupled with black and white tones has been selected to allow the vertical greenery elements be the focal point of attention.

Timber tones have been utilised on balcony roof ceilings along with secluded and muted dark tones which accentuate the presence of the highly densely populated gum trees. Tinted and clear glazing is interwoven with dark structural elements, adding contrast and texture, while powder-coated elements accent the external envelope, either in vertical or horizontal orientations.&nbsp;

<img alt="r" data-entity-type="file" data-entity-uuid="4e8a0e0c-754c-467a-9a42-dbd590157406" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-12-08%20at%2010.20.19%20am.png?VersionId=8LSvdNQQuIyi2Qp1A1ihZ3YWPuxLzcbA" />

Access to the residential basement level occurs on the south side of the site, at the bottom end of Hibiscus Place, with the volumetric level transitioning between body, podium and basement to become a visual experience as well as tying into the verdant surrounds.

Offering a well-connected lifestyle, The Pavilion is situated approximately 11-kilometres from Brisbane’s CBD, and within walking distance to Griffith University and Westfield Mt Gravatt.

Oakridge are soon to demolish the&nbsp;landmark Freemason building in Stones Corner, replacing it with a 12-level glass-swathed tower with 97 apartments.

<img alt="Lumina" data-entity-type="file" data-entity-uuid="238742d5-0fbd-46c1-85fc-9e9bebd9a821" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Stones%20Corner%20Rooftop%20View%2001%20Final%20www.nordstudio.com_.au%20-JPG%20%28lower%20resolution%20for%20email%20use%20only%29.jpg?VersionId=NY9iIXmoR8TAO9Wd6x.osvqZ0fI1cLP9" />

Lumina, at 17 Cleveland Street in Stones Corner, just south of the Woolloongabba Olympic precinct, will also feature two ground level retail spaces and an impressive rooftop amenity.

On the roof is a&nbsp;dedicated kids play area, with an acrylic or astro turfed floor which will be netted. There will be a roofed area for further activity, as well as two pools, a spa, private dining space with kitchen, barbecue areas, a communal garden, and a gym with a sauna.

NMDS Architecture has drawn up the plans for the tower, which has been orientated to take in extensive views. The bigger three-bedroom units, which are expected to appeal to the family demographic, face both the park and the city.

Lumina will also offer a mix of one, two and three-bedroom apartments, to cater for&nbsp;all types of buyers, from investors and first home buyers to rightsizers, downsizers, and families.

A two-storey residence, which currently occupies the site, will be demolished to make way for three residential towers, set to comprise 144 apartments

First look: Oakridge lodge plans for Upper Mount Gravatt apartment project, The Pavilion

Since the onset of COVID-19, there's simply not been enough apartment stock on the Gold Coast.

The Coast was well placed in the lead up to 2019, but an influx of demand, both locally and interstate when COVID-19 grabbed hold of the local market in mid-2019, demand has heavily outstripped supply.

The lack of stock has seen a new trend emerge. Established stock has been commanding similar prices to off the plan stock. It's a trend that&nbsp;Evan Raptis, the joint managing director of longtime Gold Coast developer Raptis, believes won't change for the next three to five years.

"We’ve never seen the gap close like this on the Gold Coast before," Raptis says.

"The trend has come about because there's not enough finished stock coming to market between Coolangatta and Hope Island.

"Southerners who have relocated to the Gold Coast post-COVID have had to look to resales to get into the market, and that’s pushed up the price of established stock."

[smartcode_project:default project_id=106752 project_image_fid=182210]

Two-bed apartments under 100 sqm have been selling in some of Broadbeach's better towers for $1.2 million, which Raptis says is&nbsp;comparable to what developers are taking deposits on for planned and under construction projects.

Broadbeach is where Raptis will be turning their focus to next, while they complete Pearl at Main Beach.

In early 2023 they'll be launching The Sterling at 6-8 George Avenue. Raptis has just gone back to the drawing board however to amend the application, with the aim of wanting to meet market demand earlier than they previously forecasted. The tower has been&nbsp;designed by the prominent architect Koichi Takada, who only has a handful of Gold Coast developments to his name.

Raptis says Broadbeach has&nbsp;evolved heavily since 2007, when he followed in the footsteps of his father Jim, co-founding developer Emandar Group alongside Aniko Group's George Mastrocostas.

[smartcode_project:default project_id=106752 project_image_fid=169993]

"Broadbeach has seen a lot of regeneration with Star Entertainment Group’s opening of The Dorsett hotel and the light rail now allowing people to travel to Surfers Paradise and Southport via the light rail network, as well as south. The new Langham Hotel has opened up as well which will bring more global travellers to the suburb."

Raptis are currently developing Pearl in Main Beach, and have sold 80 per cent of the two and three-bedroom apartments.

Apartments have been snapped up largely by owner-occupiers, both locals who are looking to downsize from their family home, and interstate couples who are pre-retirement age.

Two sub-penthouses have sold, and Raptis will be releasing more to the booming penthouse market soon.

[smartcode_project:default project_id=106752 project_image_fid=182207]

Raptis has now reached level 17 of construction of the 29-level building at 3550-3552 Main Beach Parade.

Raptis says Main Beach will feel like Australia's own version of Monaco, with the future $480 million redevelopment of Mariners Cove which will include a new superyacht marina and a Ritz-Carlton hotel.

Despite the country working its way back to normal in the post pandemic world, Raptis says there's still strong&nbsp;interest in the Gold Coast lifestyle and the desire for new premium apartments with premium amenities in desirable locations.

Raptis has considerable faith in the Gold Coast market, suggesting the city is&nbsp;in a better position to manage national price moderations than it has been in previous cycles.

[smartcode_project:default project_id=106752 project_image_fid=182214]

"The city’s economy has matured significantly with investment in health and knowledge, film and creative industries, sports and digital industries," Raptis notes.

"The Work from Home movement has enabled professionals to hold national roles and still live on the Gold Coast. You can even have a role in a global team with the international terminal at Coolangatta Airport opening recently."

Raptis says the 2032 Olympics and Paralympics will further promote the Gold Coast lifestyle, with considerable planned infrastructure to transform the wider South East Queensland location.

"The coastal strip will be beamed around-the-world and we’ll see a new wave of global hotel brands wanting to establish themselves here."

Broadbeach is where Raptis will be turning their focus to next, while they complete Pearl at Main Beach.

Why the Gold Coast apartment market is better placed than ever before: Five minutes with Evan Raptis

The amenity offering in residential developments is always a hot topic, with many developers of late forming their own exclusive clubs within their projects.&nbsp;

The likes of resort-inspired pools, sun lounges, gyms and even teppanyaki grills are becoming standard, as more developers look to elevate homebuyers lifestyles’.&nbsp;

At Mirvac’s Ashford Residences at Everton Park in Brisbane’s inner-north, more than $2.5 million has been invested in the Ashford Club, offering a suite of residential facilities overlooking a one-hectare eco area to the Kedron Brook parkland.

Featuring a pool with a splash area for children, lounge chairs, a teppanyaki grill, fire pit, barbecue facilities, a turfed area for entertaining and a gym, the club is appealing to purchasers across the board, from first home buyers, to professionals, families and downsizers.

The ASX-listed group have notched up more than $80 million in sales since launching the Ashford Residences, with the final four homesites now officially launched to the market. &nbsp;

[smartcode_project:default project_id=28504 project_image_fid=207507]

Mirvac General Manager Residential Queensland, Warwick Bible, said buyers were embracing the Ashford Club, designed to raise the bar for luxury living in Brisbane’s inner-north.

“We’ve seen lifestyle becoming an increasing emphasis for homebuyers for some time, and this has been accelerated even further post Covid-19,” he said.

“People are looking for a home that delivers more. Many are moving from apartments where they have had access to resort amenities, and they want the same level of lifestyle in a new community.

“These facilities also create a space for residents to form a real sense of community and connection, to host family and friends and enjoy facilities like the pool, gym and teppanyaki bar without owning and maintaining them – all factors that add to their appeal.”

Registered and ready to build on, the final lots range from 405 sqm and are priced from $730,000, offering a rare opportunity to build new, just seven kilometres from the Brisbane CBD.

Jaime Andueza, who purchased a 420 sqm lot at Ashford Residences, said the extensive residents’ facilities were a significant point of difference and key factor in his decision to move to the inner-north, after living southside for two decades.

The Chief Digital Officer and his partner, Aaron, are putting the finishing touches on their new five-bedroom, three living and five-bathroom home, which they anticipate moving into by Christmas.

“The Ashford Club has an elegant design, which is a differentiator from any other development we viewed,” said Andueza.

“There’s an incredibly beautiful view to the Kedron Brook, so you can go to the pool area and absorb the nature around you. It is luxurious and privileged, considering it is so close to the city.”

Andueza said his first impression of Ashford Residences was ‘sensational’.

“I had been looking at what was available in the market and had always wanted to build. When I saw the location of the blocks of land at Ashford Residences, I immediately realised it was a great opportunity,” he said.

“Having compared it to existing homes elsewhere, I felt the value and lifestyle offered was 
significantly greater. We’re looking forward to the neighbourly atmosphere and being part of the Ashford community.”

[smartcode_project:default project_id=28504 project_image_fid=207502]

Ashford Residences have been a hit among buyers, with the most recent terrace home release selling-out to a waiting list prior to its official launch.&nbsp;

“We held the final four lots for release when they were ready to build on and buyers could see how the community had taken shape, and anticipate they will be in high demand,” Bible said.

“The opportunity to build new in this area is extremely rare and the location alongside Kedron Brook only adds to the desirability, as does the exclusive residents’ facilities in the Ashford Club.

“The proximity to Brisbane CBD and the village charm of Everton Park, home to an expanding mix of restaurants, cafes, bars and shops, is also seeing buyers zero in on the area.”

Ashford Residences will comprise a total of 124 residences upon completion in late 2023, with 80 terrace homes and 43 freestanding homes.&nbsp;

The final property, a heritage Queenslander known as Murphy’s Dairy Residence, is anticipated to launch to market early next year. Refurbishment works are underway on the historic home, which is situated on a rare 900 sqm lot that has been meticulously landscaped.

[smartcode_project_cta:default project_id=28504]

Mirvac deliver resident’s club to entice new homebuyers to Ashford Residences 

Zinc Bokarina is the latest Sunshine Coast development by the award-winning Gardner Vaughan Group.

The Australian owned property development and building company has 25 years’ experience developing properties in some of Brisbane’s and South East Queensland’s most desirable areas.

Opposite the pristine Bokarina Beach on the Sunshine Coast, Zinc delivers a coastal living experience with expansive one, two, three and four-bedroom apartments, along with eight exclusive luxury Beach Houses, designed to enhance living spaces inside and out.&nbsp;

[smartcode_project:default project_id=109240 project_image_fid=208020]

Gardner Vaughan said they selected the unrivalled location as when you combine the wonders of the coast with the parklands, boardwalks and amenities of a premium seafront community, you get the best of both worlds.

Taking on a mindful design, two buildings will be constructed in the community, with 81 residences set to be delivered, along with a vibrant ground-floor retail offering which will enhance the beachside locale.&nbsp;

Zinc is a part of Stockland’s Sunshine Coast Oceanside Community which won Australia’s Best Master Planned Development at the 2020 Urban Development Institute of Australia (UDIA) Awards for Excellence. According to Stockland, the Oceanside master planned community is set to become ‘Australia’s healthiest city by the beach’ – creating a community like no other in Queensland.&nbsp;

[smartcode_project:default project_id=109240 project_image_fid=208032]

Building one, called SOL, will house 44 apartments, along with two commercial tenancies across the ground floor. Building two is MAR, where the remaining 37 apartments will be constructed, as well as one commercial space.&nbsp;

Zinc will also incorporate a podium-level pool and recreation area, featuring lush tropical gardens, an outdoor heated pool, a gym, and multiple barbecue and recreational areas. Outdoor showers and a surfboard washroom is also on hand in the development, along with wall mounted bike racks with each car space, a car wash and vacuum bay and a function room.&nbsp;

The eight beach houses have only recently been released to the market. The spacious three-level homes comprise either three or four-bedrooms. They have two-and-a-half bathrooms and two car spaces. Residents of the beach house also have access to the complex’s facilities.&nbsp;

[smartcode_project:default project_id=109240 project_image_fid=208033]

The balcony spaces and living areas of each residence have been designed to seamlessly integrate with the beachside, with two colour scheme options for buyers, inspired by the coastal surrounds.&nbsp;

High ceilings, zoned and ducted air conditioning and commercial acoustic glazing feature throughout each of the residences, complemented by contemporary cabinetry in the kitchens and bathrooms, as well as stylish tap wear, stone benchtops and European appliances.&nbsp;

Zinc Bokarina is situated right on the doorstep of Bokarina Beach, between Caloundra and Mooloolaba. Offering the escape of quintessential beachside living while conveniently located close to the Sunshine Health precinct and the Stockland Birtinya and Kawana Shopping Centres.

Within a 20-minutes drive of the Sunshine Coast airport, residents will find themselves near to an abundance of convenient daily essentials, while still being immersed and connected to nature.&nbsp;

[smartcode_project:default project_id=109240 project_image_fid=208023]

With prices ranging from $539,000 through to $2,399,000, stage one and two of the apartments is slated for completion by mid to late 2023, with the beach houses tipped for the end of next year.&nbsp;

The under-construction project still has a select number of two, three and four-bedroom apartments remaining, as well as some beach houses, with Christmas incentives currently on offer for prospective buyers.

[smartcode_project_cta:default project_id=109240]

Zinc: The beachfront Sunshine Coast residences drawing attention to Bokarina

Following development approval in September, Malaysian property developer MRCB International has launched it's debut Queensland apartment project, 26 Vista.

Named after it's prime location at 26 Vista Street, just one street back from the sought-after Northcliffe Beach, 26 Vista will rise 51 levels and home 280 apartments starting from $600,000. There will also be six three-storey townhouses that front Northcliffe Light Rail Station.

[smartcode_project:default project_id=112730 project_image_fid=208885]

There was a conscious effort by local architecture firm DBI Design to focus on sustainability initiatives which are often seen more frequently in Australia's major capital cities and rarely in the Gold Coast apartment market.

Residents will be encouraged to transition to electric powered vehicles with an array of EV charging ports that will future-proof the development, while a proposed EV car share service is said to be the first on-site service of this kind on the Gold Coast.

[smartcode_project:default project_id=112730 project_image_fid=208886]

Other sustainable initiatives include all residences featuring ultra efficient and luxurious V-Zug appliances, as well as apartments designed to benefit from natural heating and cooling so as to reduce air-conditioning usage.

Managing Director at DBI Architects Raith Anderson said 26 Vista is a building that combines subtropical principles, while offering the opportunity to consolidate a rapidly evolving and vibrant part of the City.

[smartcode_project:default project_id=112730 project_image_fid=208887]

“The design philosophy revolves around the dichotomy of the site, located at the junction between the curvilinear punctuated nature of the river and the linearity of the coastal strip," Anderson said.

"The cosmopolitan design of the tower reflects this duality - pairing the timeless language of glass and clean lines on the ocean side with the use of forms, masses and textures addressing the river."

The tower covers just 30 percent of the 3,100 sqm site, and is orientated to the east to take advantage of its proximity to the ocean and access to sunlight and ocean breezes, while maximising views towards the river and the hinterland.

26 Vista is offering extensive amenities to residents including an internal wellbeing precinct featuring a spa, gym, outdoor yoga space, pool, sauna and steam room and a residents lounge.

[smartcode_project:default project_id=112730 project_image_fid=208898]

A secondary residents lounge will be located beside the level 51 observation deck, surrounded by a rooftop garden.

“The recreational level allows for the transition from podium to tower creating a deep eave, visually reinforcing the subtropical approach to the building,” Anderson added.

MRCB International CEO Ravi Krishnan said the group is thrilled to be making a mark on Australia’s fastest growing city.

“We noticed the growth in interstate migration to the Gold Coast from the southern states, and the high demand within the region," Krishnan said.

"This, coupled with the forecasted lack of dwelling supply, drove our decision to invest in Surfers Paradise. The fact that the site that we purchased was in an enviable location influenced the decision.

“Inevitably, the Gold Coast will continue to grow as a region. The trend for footloose industries to locate themselves in areas with beautiful weather, tourism opportunities, and solid employment, have meant we couldn’t afford to miss this opportunity to invest in the Gold Coast."

[smartcode_project:default project_id=112730 project_image_fid=208888]

Recent council population data forecasts that by 2041, the Surfers Paradise population will have nearly doubled and it is estimated that of that, close to 85,900&nbsp; people will live in high-rise towers.

Construction is scheduled to commence on 26 Vista in the third quarter of 2023, with the project scheduled for completion in 2026.

One-bedroom apartments are starting from $600,000, two-bedroom units start from $875,000, and the three-bed units from $1.8m.

[smartcode_project_cta:default project_id=112730]

There was a conscious effort by local architecture firm DBI Design to focus on sustainability initiatives which are often seen more frequently in Australia's major capital cities and rarely in the Gold Coast apartment market

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