<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.

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<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?

Earthworks have kicked off on the latest Broadbeach apartment development, Amaya.&nbsp;

The project comes as a joint venture between Amalgamated Property Group and Base Developments, with the duo securing approval for the project back in July and only releasing to the market in October.

Amaya is located in the premium residential end of Broadbeach where apartment density is lower, delivering peace and more privacy in an exclusive residential pocket whilst being a short 300 metre stroll to the beach. It's also within close proximity to Broadbeach's dining and entertaining hotspots, where residents can enjoy a short walk to great coffee and fine food while unwinding in a serene sanctuary by the sea.

[smartcode_project:default project_id=111866 project_image_fid=205111]

Designed to deliver the quintessential Broadbeach lifestyle, Amaya presents 120 residences at 30 First Avenue, comprising premium two and three-bedroom apartments, with a timeless, coastal luxe style.&nbsp;&nbsp;

At 33 storeys high, Amaya has been designed to create constant connections with nature, from the views of the Hinterland and the ocean waves, to the surrounding greenery of the parks and lively streets.

Architecturally designed by DBI Design, Amaya exudes a balance of cosmopolitan culture and natural beauty, with each spacious residence brimming with sunlight, with floor-to-ceiling glass and highly functional floorplans, while the glass façade reflects the shifting Queensland skies.&nbsp;

Graham Potts, founder of Amalgamated Property Group , and Dennis Milin, Principal of Base Developments, have found continued success in their strong business relationship that spans numerous projects and 20 years.

[smartcode_project:default project_id=111866 project_image_fid=205113]

“We’ve completed a number of leading projects with Base Developments including Ivy, Oaks and most recently this year, Kiara in Narrabundah, ACT; we have a strong business relationship and a long history spanning 20 years, so it's great to see Amaya getting underway,” said Graham Potts.

The duo have also recently opened their display suite in the heart of Broadbeach at Shop 16/17 Albert Ave, where prospective buyers can inspect an Amaya kitchen and bathroom, plus experience 3D modelling.&nbsp;

[smartcode_project_cta:default project_id=111866]

At 33 storeys high, Amaya has been designed to create constant connections with nature, from the views of the Hinterland and the ocean waves, to the surrounding greenery of the parks and lively streets.

Construction set to commence on APG's Amaya, Broadbeach apartment development

Property group Highland has been appointed as exclusive selling agents for one of the most prestigious luxury apartment projects to hit Australia.

Highland will take on selling the residences in the $250 million Masthead Ocean Club at Main Beach, the project a product of joint venture partners Rory O’Brien, a highly credentialed Australian businessman and UK-based Banda, the leading global interior design studio and development business founded by Edo Mapelli Mozzi.

Masthead Ocean Club will deliver a collection of 28 full-floor boutique-style apartments including five Sky Residences, two dual level sky homes and a sprawling super penthouse in a design that offers residents a seven-star resort experience and ultra-luxe amenities.

<img alt="Render of Masthead Ocean Club" data-entity-type="file" data-entity-uuid="71fff256-4261-4a54-b09d-f37243c6d6d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/0281_01_02_Superman%20Terrace_FINAL.jpg?VersionId=7SpcOoUjZVOw19tlQhjN2mGxdYSP1l9T" />

With more than 40 projects currently in market along the eastern seaboard from southern Sydney to the Gold Coast, the appointment of Highland to Masthead follows the group’s success at the nearby Coast development in Surfers Paradise where pre-sales have topped 80 per cent.&nbsp;

Highland Director, David Highland said they were thrilled to be a part of arguably one of the country's most exclusive projects to date.&nbsp;

“Masthead Ocean Club will offer residents the pinnacle of a premium lifestyle that will appeal to local, interstate and international buyers,” Highland said.

Designed by Queensland firm BDA Architecture, with interiors crafted by Banda Design Studio and MIM Design, Masthead Ocean Club will set a new benchmark for Gold Coast residential lifestyle.

The ultra-luxe sky homes will offer 634 sqm of living space each, while the penthouse will span 1,000 sqm with its own pool, gym and golf putting green. A private owner's study will be located in the ‘crow’s nest’ at the very peak of Masthead Ocean Club.

<img alt="Render of the Masthead Ocean Club amenities" data-entity-type="file" data-entity-uuid="f5e0808f-2f1f-4a22-910f-c422c126349c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/0281_02_02_Pool%20with%20Gym_FINAL.jpg?VersionId=sbbIH1.WDNaRE3rxhviF5WXgWMjg2Nrt" />

Designed for the most discerning buyers, each residence will capture sweeping, protected views of the Pacific Ocean, Broadwater and Hinterland.&nbsp;

Residents will have access to four levels of ocean club amenities including a wellness zone, hot and cold pools, whiskey and champagne bars, wine storage, tasting area, library, fully equipped chef’s kitchen and indoor and outdoor lounge areas.

Positioned at the very northern end of Main Beach, Masthead Ocean Club will also offer convenient access to the Southport Yacht Club, Southport Broadwater, nearby beaches, the Southport Surf Lifesaving Club and the renowned Tedder Avenue shopping and dining village.

Construction of Masthead Ocean Club is expected to begin in 2023 with completion scheduled for 2025.

[smartcode_project_cta:default project_id=134759]

Designed by Queensland firm BDA Architecture, with interiors crafted by Banda Design Studio and MIM Design, Masthead Ocean Club will set a new benchmark for Gold Coast residential lifestyle.

Highland appointed exclusive selling agent for ultra-luxe Gold Coast project, Masthead Ocean Club

With inflation rises currently taking hold of the country, it’s becoming difficult to do much of anything across Australia.&nbsp;

But Sydneysiders Paul and Jessica Hutchinson, who have been visiting the Gold Coast for years, bucked the trend of sorts, transitioning from regular holidayers to residents on their last trip to the sunshine state.&nbsp;

It was Iris Capital’s Broadbeach development, Victoria &amp; Albert which lured the Sydney couple to call the sandy strip home, with the pair’s usual getaway turning out to be one for the history books.&nbsp;

Offering a range of apartments coupled with resort-inspired amenities, V&amp;A is situated in the heart of Broadbeach, just a short walk from restaurants, shopping centres, entertainment venues, and the beach, which has been a major drawcard for interstate buyers, says Residential Director of Colliers Gold Coast, David Higgins.

[smartcode_project:default project_id=107928 project_image_fid=184936]

“The project has clearly seen remarkable interest from the interstate buyers who have contributed to over 60 per cent of our sales thus far,” said Higgins.

The Hutchinsons have always loved Broadbeach and what it has to offer, but with their V&amp;A purchase, they will get to enjoy it in the newfound comfort of their own abode.

The $1 billion project comprises two towers, with an array of premium amenity and ground-floor retail and dining facilities.

“We have been visiting Broadbeach for a decade before this most recent adventure where we found V&amp;A, and we just love it,” the Hutchinson’s said.

“We’ve explored the Gold Coast extensively, but Broadbeach is for sure our favourite area with all the restaurants and its proximity to the beach.”

There has been a lot of buyer confidence in this mixed-use build, with the developer Iris Capital being heavily backed financially, and from this, Paul and Jessica becoming firm believers that the risk of it not going ahead is slim.

[smartcode_project:default project_id=107928 project_image_fid=198887]

“It was quite far along when we were introduced, it looked like demolition was about to start, so it was perfect timing” the pair said.&nbsp;

“We bought a Victoria Residence. It was perfect for what we thought to use it for, which was a place to stay when we visit the Gold Coast – a lifestyle investment if you will.”

“All of the development’s promised amenities, as well as those found in and around the area of Broadbeach really sealed the deal for us."

“We thought if we planned to continue visiting this beautiful city as much as we do now, we might as well have a place to call home in our favourite part of it.”

“We are beyond excited to have bought an apartment in a place we hold so close to our hearts. It really is a dream come true.”

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“V&amp;A is a beautifully designed, luxurious build, and we were lucky to get in when we did. I’m glad we took the leap and am looking forward to its completion."

“I never expected us to buy on this trip because we were only up there for a weekend, but that just shows the influence this development had on us.”

[smartcode_project_cta:default project_id=107928]

Offering a range of apartments coupled with resort-inspired amenities, V&A is situated in the heart of Broadbeach, just a short walk from restaurants, shopping centres, entertainment venues, and the beach, which has been a major drawcard for interstate buyers, says Residential Director of Colliers Gold Coast, David Higgins.

Why Sydneysiders are buying apartments in Broadbeach's V&A

Local Gold Coast developer Aniko Group has been almost singlehandedly responsible for the transformation of Hope Island in recent years.

Aniko, led by George Mastrocostas, sold out No.1 Grant Avenue, Athena Residences, and 35 Grant Avenue in the last year or so, both of which are now under construction and part of their huge $500 million portfolio.

Their fourth Hope Island project is Athena Quays, a collection of&nbsp;177 apartments across two stages, adjacent to Athena Residences.

There's only two and three-bedroom apartments left, including a limited collection of sky homes which are being pitched at the local downsizer.

Mastrocostas said they decided to fast-track Athena Quays off the back of the successful Athena Residences which achieved a sell out within three months.

“Our fourth project in Hope Island illustrates our firm belief and commitment to this fantastic precinct," Mastrocostas said.

[smartcode_project:default project_id=109922 project_image_fid=207989]

"The rapid sell-out of our first three projects on Hope Island – No.1 Grant Avenue, Athena Residences and 35 Grant Avenue – has inspired us to write a new chapter.

"We are excited to deliver another community of new homes that will forma vital part of the wider regeneration of this area."

Taking up a unique 9,300 sqm waterfront site on Sickle Avenue, with views toward the Broadwater and surrounding waterways, the $145 million Athena Quays is home to an array of resort-inspired amenity.&nbsp;

From the secluded courtyard garden to a suite of private office facilities,&nbsp; Athena Quays’ in-house amenities are second to none.

[smartcode_project:default project_id=109922 project_image_fid=207995]

When it comes to contemporary urban living, Aniko recognised the importance of nourishing the mind, body, and soul, resulting in a state-of-the-art private gym, along with two swimming pools, a spa, and a sauna.

A fully-equipped entertainment suite featuring a 14-seat private screening room, and a residents’ lounge provides the perfect place for resident's to relax and unwind in.

Residents will also be at home with a dedicated on-site management, while the fury members of the family are also taken care of, with dedicated pet wash bays on site.&nbsp;

[smartcode_project:default project_id=109922 project_image_fid=207997]

It's not just the amenity on offer within Athena Quays that's been driving buyers.&nbsp;

Residents will be surrounded by world-class golf courses – including the Links Hope Island – and fashionable shopping enclaves such as Hope Island Marketplace, Westfield Coomera and The Marina Village at Sanctuary Cove. Gourmet cafes, restaurants and luscious green parks are also just a short stroll away.

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How Aniko's Athena Quays takes Hope Island living to the next level

Sustained above-average population growth is set to position the Whitsundays region for a golden era of growth, according to a report by research group Aurelius.&nbsp;

Population growth in the Whitsundays looks set to outperform the 15-year average, with Victoria and NSW leading the post-Covid boom.

“The population in the Whitsunday Regional Council area grew by 1.7 per cent per annum over the past five years, ahead of the region’s 15-year average of 1.5 per cent,” said the report.

“With population growth expected to remain above the historical average over the next two decades, it is estimated the Whitsunday region’s population will hit 49,591 by 2041, up from about 38,000 at present.”

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="94989fed-19b8-49b7-9323-c237d70a267e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Front%20Executive.jpg?VersionId=kp.hjr86geYF1Trmwnyka9rnHlgbpNay" />

Among the major infrastructure investments currently under way in the region is the $350 million Shute Harbour Marina Resort which will bring to the market 395 new wet-berth marina berths centred on a residential-resort precinct comprising waterfront homes and a vibrant marina village with a retail and dining precinct, a resort hotel and backpacker accommodation.

Sam Wade, the managing director of the Shute Harbour Marina Development, said the Aurelius research highlights the opportunity ahead for the Whitsunday region and North Queensland more broadly to capitalise on the region’s growth potential.

“Australians have a growing appreciation of the region and everything it has to offer in terms of lifestyle and growth potential,” said Wade.

“With the growth we have seen over the past three years, and with the level of investment currently under way in North Queensland, this research presents a compelling case for continued growth in the Whitsunday region, particularly as international tourism begins to regain momentum.”

Aurelius Director Peter Bell, a highly regarded advisor and strategist, estimates the Whitsundays could see its tourism economy grow by an extra $600 million to $2.14 billion by 2025 if new initiatives currently in train come to fruition.

Bell highlighted that the region is already a major tourism drawcard with the visitor market expected to be worth $1.53 billion in the next three years, but the infrastructure spending currently under way in the region will significantly accelerate the tourism economy.

The top end of his forecast will see a doubling of the value of the local tourism economy over the seven years to 2025, building on an economic pillar that Bell said remains pivotal to the region’s future.

The Whitsunday economy is heavily reliant on tourism with about 3,000 people directly employed in the industry, and the expected growth in the industry will be significant for the region.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

Tourism supports about 40 per cent of local jobs in the Whitsundays region, which is the highest in Queensland and one of the highest in Australia.

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="40801710-b860-4fbd-b595-5caecb28f827" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Family%20Pool.jpg?VersionId=AObyYOROyZ8.jr3bEc8_6auiEAX28Ln1" />

The Brisbane-based researcher presented his findings on the State of the Whitsundays before a host of special guests including the Mayor of Whitsunday Regional Council, Julie Hall, and Deputy Mayor Gary Simpson during a presentation at the Whitsunday Marine Club.

Among his findings, Bell sees potential for the Whitsundays region to leverage off its reputation as a boating haven with new facilities for large and small marine vessels among the essential infrastructure projects that will support an expanding tourism economy.

Signalling the significant growth of the marine industry in the Sunshine State, Bell revealed that the number of boat registrations in Queensland grew almost four times faster than the state’s population in percentage terms during the 2021 financial year, at the height of the pandemic.

Queensland boat registrations rose 2.9 per cent in 2021, well above the 10-year average of 1.4 per cent.

The recent growth in boat ownership highlights an urgent need for increased storage capacity, especially for on-water marina berths which have sustained a high marina occupancy rate of 86 per cent in FY21, despite the pandemic.

Bell estimates the Whitsundays region’s economy is being further supported by a post-Covid migration renaissance from both interstate and intrastate migration with the latest population data showing historically higher rates of growth.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

New research reveals the Whitsundays set for a golden era of growth

The Gold Coast apartment market came off the boil in the September quarter, but sales are still tracking higher than pre-COVID levels, while building constraints is keeping supply below historic averages.

The Urbis Apartment Essentials report has revealed 336 new apartment sales on the Gold Coast in the third quarter of this year, below the 690 sales in the corresponding period last year and record-breaking 742 recording during the first quarter of 2021.

Surfers Paradise and Broadbeach dominated the latest sales data with six of the 10 top-selling projects located there.

According to Urbis senior consultant Lynda Campbell, despite 11 new projects launched during the period, the market remains broadly undersupplied amid rising caution among developers and buyers.

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“It’s a tug of war at the moment between what we see as strong underlying fundamentals and the risk aversion being demonstrated by both buyers and developers,” said&nbsp;Campbell.

“Rising construction costs have led many developers to put their projects on the sidelines, while buyers are also being swayed against purchases by rising interest rates and cost of living pressures.

However, a number of developers still see plenty of potential and opportunity in the local market - it’s all just a matter of timing.&nbsp;

“The underlying factors that developers believe continue to support the apartment market on the Gold Coast are low supply, consistent demand, strong investment in infrastructure over the next decade, population growth, solid rental yields, and extremely low vacancy rate,” Campbell said.&nbsp;

The Urbis report notes that rental yields across the Gold Coast are tracking above Sydney and Melbourne and are on par with Brisbane. Urbis also found that the existing and established apartment market continues to perform relatively well.

[smartcode_project:default project_id=6762 project_image_fid=194781]

“We’ve been looking at the general apartment market, particularly buildings in central areas that have been completed within the last 10 years,” said Campbell.

“These properties have recorded significant increases in sales numbers which shows that demand is still very much present – an important factor with a large portion of new product settling over the next three to six months.”

With construction costs currently ‘front of mind’ for developers, more projects may be put on hold in 2023 which could maintain the supply pressure on new apartments.

“However, the factors currently driving caution in the market, such as construction costs, supply chain issues and interest rates, will ease at some stage,” she said.

The September quarter ended with 983 new apartments available for sale, compared with 517 a year earlier. The Gold Coast’s five-year average quarterly supply is 1,400 apartments and at the current rate of sales there is just 8.8 months of supply in the market.

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Some 84 per cent of current supply is located in the Gold Coast Central precinct, which includes Southport, Main Beach, Surfers Paradise, and Broadbeach, with the reflection showing in the precinct’s share of sales, at 258, which represents 77 per cent of the quarterly total.

The coastal fringe region remains under supply, while areas inland from the Gold Coast Central precinct such as Benowa, Ashmore, Robina, and Varsity Lakes, have almost no supply. The North Shore precinct, which largely comprises Hope Island to Runaway Bay, had only 68 apartments for sale while the Southern Beaches, from Mermaid Beach to Coolangatta had just 90.

The Urbis report notes that rental yields across the Gold Coast are tracking above Sydney and Melbourne and are on par with Brisbane. Urbis also found that the existing and established apartment market continues to perform relatively well.

Gold Coast new apartment sales ease from record high but supply remains below historic average 

Brisbane-based developers, SKF, has achieved a $24 million sell-out of Mermaid Sanctuary, a rare land offering on the central Gold Coast that has delivered a land sale record for Mermaid Waters.

Released to the market late last year, Mermaid Sanctuary delivered 12 homesites, generously sized from 628 sqm to 1,009 sqm, in an exclusive master-planned enclave on McIlwain Drive.

Located on an exclusive peninsular on the shore of Lake Wonderland, the 1.2-hectare Mermaid Sanctuary achieved a land sale record of $3 million for the lakefront precinct, drawing significant interest from local, interstate, and international buyers looking to secure a landholding in one of the city’s most sought-after coastal suburbs.

SKF wrapped up works on Mermaid Sanctuary early this year, with ten homesites already&nbsp;sold and two lots awaiting settlement.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="191cd7e3-0202-4afa-81eb-a2fa742b4ab8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%201_Final%202.5k.jpg?VersionId=OoNDcOAbhCgWD2Z_TeYlAFZb.SpIodCH" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

The 12-lot waterfront subdivision, was once home to Gold Coast development pioneer and philanthropist Jock McIllwain, who helped shape the Gold Coast through key civil projects from Cavill Avenue Mall to the Isle of Capri and the canal estates of Mermaid Waters.

The former city councillor, who passed away in 2016 aged 89, was a close friend of the renowned father of the modern Gold Coast, Sir Bruce Small.

McIlwain, a great supporter of the arts and culture on the Gold Coast, played a role in many of the city’s transformational waterfront developments including Lake Wonderland at Mermaid Waters where he would later make his home.

SKF’s Director, Eric Zhao said the success of Mermaid Sanctuary pays tribute to McIlwain’s lasting legacy that has made the Gold Coast what it is today.&nbsp;

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="f6f3d4f7-0e51-469a-8256-0663d0212f05" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2037_Interior_Final%202.5k.jpg?VersionId=trN_lKHmj5Dz2krbhpSUEq__JSRJtLby" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

“Mermaid Sanctuary achieved a very high inquiry rate from buyers, many of whom were looking to upsize to a waterfront location which is extremely rare to find on the central Gold Coast today,” said Zhao.

Among the buyers to stake their claim in the Gold Coast’s development history are local and Brisbane business owners, property developers and property industry professionals.

Prices achieved at Mermaid Sanctuary ranged from $1.2 million to $3 million, with land sales reaching a high of about $3,000 per square metre among the last sites sold.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

Each site at Mermaid Sanctuary offers wide lot frontage that allows maximum design flexibility for a new home, while each offers the option of adding a pontoon for direct water access.

The luxurious private community features 24-hour CCTV, security patrols, professionally created and maintained landscaping, including signature 30-year-old Canary Island date palms, a generous internal road with custom granite bands and high-quality LED street lighting to complement the modern home designs planned for the community.

<img alt="Render of Mermaid Sanctuary" data-entity-type="file" data-entity-uuid="0b258688-33e3-4210-a506-31e5492d03ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Sanctuary_Camera%2032_Day_Final%202.5k.jpg?VersionId=86oNUeQNPAJb3hPZ_z1ARE6oN8d89SpU" />Render of Mermaid Sanctuary. Image supplied.&nbsp;

A Brisbane team of professionals was enlisted by SKF Development to undertake the landmark project. Myers Ellyett Architects was responsible for the concept architectural design of Mermaid Sanctuary, while landscape architecture was delivered by Citicene Landscape Architects and civil works were undertaken by local contractor Alder Civil.

SKF’s current portfolio totals $100 million, with the company recently announcing their major infill development, Ashgrove Sanctuary in Brisbane, which will deliver 18 residential lots on the site of former caravan park where large portions of the site will be devoted to a nature reserve with more than 3,000 new plants set to be implemented as part of the project.&nbsp;

On the Gold Coast, the group is undertaking Baileys Reserve, an 83-townhouse development at Upper Coomera, building on SKF’s recent successful industrial development in Coomera.

The $3 million record represented a 35 per cent price premium compared to similar waterfront lots sold during the same period for a site located across Lake Wonderland.

SKF Development achieve land sale record for Mermaid Sanctuary project amid sellout 

Bespoke property developers, Feltham Property Group are inching closer to a sell-out in their most recent luxury residential project, Oakman Residences.&nbsp;

Nestled on the border of blue-chip suburbs Toowong and Taringa, construction is well underway at Oakman Residences as over 70 per cent of residences have now been sold.&nbsp;

Owner and Director, Cameron Feltham, said the majority of interest so far has come from local buyers living in the area as they understand how truly special this community is.

[smartcode_project:default project_id=112924 project_image_fid=204776]

The bulk earthworks have now been completed onsite, with the important milestone an exciting time for Feltham, who noted the risk of having large open areas.

“It’s often one of the riskiest parts of the build, with with large amount of open areas often the subject to storms and erosion,” Feltham said.

“We found plenty of rock so we should have excellent foundations!”

"Over the next couple of weeks well start work on the external retaining walls in front of residences 12-16, as well as our northern basement," he added.&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/19zY1S6a4Tc" title="YouTube video player" width="560"></iframe>

Designed by the Elizabeth Anderson-fronted Hayes Anderson Lynch, in collaboration with Studio LMD in the interiors, Oakman Residences offers luxury, low maintenance living, all surrounded by parklands and greenery.

The timeless design intertwines with traditional Queenslander elements and modern interior fitouts to deliver just 23 residences.&nbsp;

17 park-fronting residences with spacious three-bedroom floorplans will be delivered across the site, along with six full-floor three-bedroom sky homes, afforded with their own lift access.&nbsp;

“Designed around community, Oakman Residences has been crafted to create a sense of privacy and seclusion to each of the dwellings, while feelings protected and nestled within a community,” says Anderson.

Each of the homes are complete with high-end finishes, including timber floors, Bosch appliances and ducted air-conditioning, while also incorporating oversized balconies, butler’s pantries, extra high-ceilings and curved feature walls.&nbsp;

[smartcode_project:default project_id=112924 project_image_fid=204779]

The sales team also recently unveiled a detailed scale model of Oakman Residences, which Feltham says really brings the project to life.&nbsp;

“It makes Oakham Residences easier to understand and appreciate the level of thought and detail that has gone into the project,” Feltham added.&nbsp;

[smartcode_project_cta:default project_id=112924]

Designed by the Elizabeth Anderson-fronted Hayes Anderson Lynch, in collaboration with Studio LMD in the interiors, Oakman Residences offers luxury, low maintenance living, all surrounded by parklands and greenery.

Oakman Taringa: An alternative to a traditional home, without sacrifice

The $250 million marina harbour front residential precinct, The Gateway on the Burnett River is proving to be one of the Queensland Coast’s newest hotspots, with more than $12 million in sales in the past five weeks.

And it seems locals have embraced the project, with 40 per cent of the residence sales coming from the local area.

The Gateway has been designed to deliver a vibrant mixed-use village overlooking what is known as one of the safest north facing Queensland harbours. Just 15 minutes from the Bundaberg CBD, the Burnett River is also the gateway to some of the regions most iconic attractions, including the Southern Great Barrier Reef and Fraser Island.

Damian Brown of Property and Estates Project Marketing says the strong sales have been generated by eager buyers interested in putting their name to a rare slice of harbour front luxury living.

​<img alt="Render of The Gateway residences" data-entity-type="file" data-entity-uuid="858ad9ed-26b9-44e4-a5af-5f9b85e9eaf5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/22002-Gateway%20Marina_01-02_Buidling%20E%20%26%20F%20Hero_D%20%5Bjpeg%5D_0.jpg?VersionId=2wa5QFbFRU4xLrH3BHY0WTlk1s4Sp_Pv" />

“The market response to The Gateway Waterfront Residences has been incredible. We knew we had something special on our hands here, and we have really seen a lot of genuine interest,” said Brown.

“40 per cent of sales have come from locals who recognise the scarcity and value in north facing waterfront residences, alongside those who have been enticed by all The Gateway has to offer.”

The first stage of The Gateway Waterfront Residences offering includes 46 north-facing waterfront residences across two low-rise buildings, Musgrave and Elliot, each featuring open plan living and dining spaces, a large master bedroom with dual walk-in wardrobes, and balconies that maximise views to the marina and ocean.

Pricing for Musgrave and Elliot starts at $795,000 and will comprise two, three and four-bedroom residences, including penthouses and ground floor garden apartments with private plunge pools.

“The Gateway is a very special development coming to Burnett Heads. The Waterfront Residences are not only affordable luxury but will also offer residents comfort and security in their positioning – a sheltered and safe harbour,” said Brown.

The Gateway will be bringing a total of 318 marina berths to meet the growing demand from boaties looking to berth their vessels in a safe harbour, with research showing an increased demand for berths as boat sales ramp up in Queensland and along Australia’s east coast.

​<img alt="Render of The Gateway residences" data-entity-type="file" data-entity-uuid="01cbc6a7-0bfa-449d-91d3-f68fae3a3153" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/22002%20-%20Gateway%20Marina_02-02_GF%20Type%20H%20Living_D%20%5Bweb%5D_0.jpg?VersionId=uJIGZCGDnq9J79UNyq.yEUpQR1dbgFhu" />

There is significant funding behind the project, with The Gateway backed by Simon Harvey’s development company, BeauGroup Management Pty Ltd, which has been progressively re-deploying capital via the sale of several high-profile assets across the US, Australia, and New Zealand.

Dredging work is well underway with completion anticipated in early 2023 ahead of construction and installation of the first 80 marina berths. The completed marina is set to incorporate a total of 318 berths, accommodating single and multi-hull craft of various lengths.

The first marina berth stage is due for completion in the second half of 2023, with Musgrave and Elliot purchasers given the first opportunity to secure their preferred marina berth.

There is significant funding behind the project, with The Gateway backed by Simon Harvey’s development company, BeauGroup Management Pty Ltd, which has been progressively re-deploying capital via the sale of several high-profile assets across the US, Australia, and New Zealand.

​Smooth sailing for The Gateway residences as local buyers push sales past the $12 million mark

The penthouse crowning Arc Toowong, the newest Brisbane development from prominent South East Queensland developer Spyre Group, will be one of the priciest ever developed in the Queensland capital.

Spyre are seeking $14.5 million for the luxury 700 sqm spread atop the striking riverfront project designed by bureau^proberts.

The developer will be shooting for back to back records with the Toowong penthouse, having earlier this year secured the biggest price for any Queensland apartment, both off the plan and established, at it's boutique Burleigh Heads project, Glasshouse.

Bureau^proberts, who also designed Glasshouse, were again tasked with creating a visually-unrepeatable development.

[smartcode_project:default project_id=112987 project_image_fid=201583]

The penthouse boasts&nbsp;100 metres of unobstructed river frontage across two floors, the largest river frontage for a multi-resident property in Brisbane. It comprises four bedrooms, including an expansive master which has&nbsp;180-degree views over the river and St Lucia, and a private ensuite with a separate wellness spa featuring a steam room and ice bath overlooking a tropical garden.

Spyre Group Design Director Kent Pinel said that every design choice of the two-level penthouse was curated to serve a distinctly Brisbane lifestyle for a discerning buyer who appreciates rarity, craftsmanship, and who seeks an enriching life.

“From the moment you enter, you quickly find there is little the apartment cannot do,” Pinel said.

[smartcode_project:default project_id=112987 project_image_fid=207942]

“Everything exists to elevate the residents’ level of living. You have the grand art gallery and open plan living space for the entertainer, the private studies for the work-from-home executive, the blank canvas gallery wall for the culturally curious, a 5-car private garage and basement recreation space, and a private spa for the wellness inclined individuals seeking to optimise their routine."

So far 90 per cent of the buyers have been downsizers from Brisbane's western suburbs.

"It’s a property for the locals” Pinel said.

[smartcode_project:default project_id=112987 project_image_fid=207939]

The most impressive feature of the penthouse is its private rooftop terrace, which offers 360-degree views over the Brisbane skyline, the river, Mt Coot-tha and St Lucia. It comes complete with a 20-metre pool, heated spa, private yoga green and an entertainer’s kitchen with subtropical landscaping wrapping the space.

The kitchen features tailored European appliances by V-Zug and an arbored island bench thermally moulded into a solid surface, a versatile man-made material.

“Arc is our opportunity to define the architectural difference in an emerging city that is truly subtropical, maybe the only one of its kind in the world, and the rooftop terrace is built to enrich this lifestyle,” Pinel added.

[smartcode_project:default project_id=112987 project_image_fid=201584]

“You can’t get the same architectural experience of the open rooftop, the river frontage, or the subtropical garden landscaping in places like Sydney, New York, even the Gold Coast, especially not for the price.

“Brisbane has the perfect subtropical climate for this lifestyle and we're pioneering to create a design standard unique to our river city.”

The 28 apartments, which start at around $3 million, are being marketed by YPM Group.&nbsp;

The sub-penthouse, the only other four-bedroom apartment in the development, has a $7.25 million price tag.

[smartcode_project_cta:default project_id=112987]

Spyre are seeking $14.5 million for the luxury 700 sqm spread atop the striking riverfront project designed by bureau^proberts

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