<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.

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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.

[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.

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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.

[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?

Developers are set to get a chance to buy into the tightly held Chevron Island precinct.

Builder developers Draycon have listed their development site at 5-7 Stanhill Drive through GV Property Group, with plans submitted to council back in June for a striking tower.

Development approval is expected to drop in the coming weeks, making the 1,194 sqm site an unrivalled opportunity on the Island just a bridge away from Surfers Paradise. The site will be sold subject to the development application being approved.

GV Property Group's Luke Reaby says there's little opportunity on Chevron Island to secure a near 1,200 sqm site.

"This is a rare opportunity for developers who are keen on Chevron Island to create a tower which will stand among just a handful on the Island," Reaby says.

<img alt="5-7 Stanhill Drive" data-entity-type="file" data-entity-uuid="85365c72-d423-40cd-8409-028af3802a20" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-20%20at%2012.53.53%20pm.png?VersionId=9CuWysFjF2rvoaGtP3TikezJb882RXVU" />

"The quality of the building design on Chevron Island is changing the shape of the Chervon skyline," Reaby says.

Reaby says the site is in the highly sought-after south west pocket of Chevron Island, a short walk to the Thomas Drive retail strip, and just a one kilometre walk to the Surfers Paradise sand.

The plans submitted by Draycon, who have developed Boutique on Chevron Island previously, are for a 22-level tower with 82 apartments aimed at the owner-occupier. It will be a mix of 42 two-bedroom apartments and 40 three-bedroom units.

"The architecture of the proposed development is minimal and timeless," BDA Architecture's statement to the Gold Coast City Council read.

"The gently sculpted form of the tower balances over the grounded podium. Stacks of bespoke slabs lines and a textured and timeless material palette of white concrete, timber screening and planting creating a rich and layered coastal effect."

BDA note that the mix of two and three bedroom apartments cater for a number of price points and encourage genuine diversity of ownership/occupation.

Currently the site is occupied by two apartment buildings with nine apartments.

GV Property Group's Luke Reaby says there's little opportunity on Chevron Island to secure a near 1,200 sqm site

Chevron Island site listing paves the way for future development

One of the Gold Coast's most anticipated projects is set to launch in the coming months.

Tim Gurner's GURNERTM,&nbsp;in a joint venture with investment house Wingate, are soon to unveil the first tower in La Pelago, their $1.7 billion, four-tower masterplan at Budds Beach in Surfers Paradise.

Launching to the market later this year, the “Resort Residences” will be the first stage available in the project, located in the first 28 storeys of the project’s first tower, ‘Aquia’, which will soar 65 levels and have a total end value of $1 billion.

The Resort Residences will have a mix of one, two and three-bedroom apartments ranging from $525,000 up to $1.8 million, ranging in size from 60 sqm to 200 sqm.

[smartcode_project:default project_id=108339 project_image_fid=206594]

Aquia boasts an exclusive private wellness club, the three level resort-style podium deck with its ‘private island’ Archipelago of pools, lagoons and relaxation areas, and direct access to a signature restaurant, bars and cafes located throughout the tower and on ground level.

The Aquia tower also will house the yet-to-be-announced global hotel brand which is rumoured to be around 185 rooms across levels 29 - 42.

Tim Gurner said he's&nbsp;never been so excited to launch a project.

[smartcode_project:default project_id=108339 project_image_fid=200437]

"This concept is something truly different and iconic for Australia that we believe will really take the residential market by surprise.

“We have made the brave call to launch the project amid the current global uncertainty due to huge interest and demand from our sophisticated investor database and past clients who can see through the next few years and are very excited by the fundamentals of the Australian property market and especially the Gold Coast," Gurner said.

“With now almost no supply in the pipeline for Gold Coast due to construction pricing, but with demand still incredibly strong, our sophisticated investors know that in 2-3 years we will be in a rental crisis that will push rents and therefore pricing to a level not seen before.

[smartcode_project:default project_id=108339 project_image_fid=206593]

“We have been monitoring construction pricing to determine when it settles which we now believe it has; and with little to no larger projects on the horizon, we think trades will look at the next 12 – 24 months and realise most of the jobs they had planned to work on are now not progressing and they will need to price on new work at a competitive rate again."

La Pelago, inspired by some of the world’s most exclusive private Archipelago resorts, has been imagined as a series of island precincts among a vast expanse of lagoon pools, with private bookable lounges and private dining areas, cabanas, sundecks, swim-up bars, restaurants and soaring mature palm trees over a three-level resort podium.

[smartcode_project:default project_id=108339 project_image_fid=206591]

Architecturally designed by international architect firm, Warren &amp; Mahoney, with interiors imagined by GURNERTM’s own in-house interior design team led by Italian designer Simon Brugaletta. The globally renowned&nbsp;SWA – the landscape designers behind the Beverly Hills Hotel and Los Vantanas in Mexico, two of Tim Gurner’s favourite hotels – are designing the lush tropical landscapes that will bring the 12,000 sqm site to life.

Inspired by nature’s organic forms and everchanging sand dunes, Aquia is defined by its sweeping curves and natural symmetry. Its façade of shimmering glass reflects the hues of the Gold Coast sun, creating a form that appears to shift and morph as you approach from different angles.

The resort-style experience will start in the lobby, with cascading water features and a porte cochere entrance leading to a private concierge where residents can choose to have their car valet parked and shopping taken directly into their rooms.

[smartcode_project:default project_id=108339 project_image_fid=206589]

“Everything about La Pelago represents a relentless pursuit of perfection and point of difference," Gurner added.

"We have scoured the globe to uncover the world’s very best examples of private resort living, bringing everything together into one private sanctuary.

“We want our clients to own something that has never been done before in the world and cannot be done again. A truly irreplaceable investment and home.

Gurner said the&nbsp;Gold Coast is experiencing one of the most exciting periods in its history.

"Over 40,000 people moved here each year in 2020 and 2021, and with 70 kilometres of pristine sandy beaches and 300 days of sunshine per year, it’s not hard to see why.

[smartcode_project:default project_id=108339 project_image_fid=206592]

“The vision for La Pelago really came together in 2020 when I was in lockdown at home with my family in Melbourne, thinking there has to be a way to bring an unparalleled resort lifestyle into a residential setting in Australia that’s only 2 hours from Sydney and Melbourne as opposed to 6 hours to Bali or Fiji.

“While we are still finessing the details of the amenities and service that will be on offer, we have spent over 18 months ensuring that there is nothing else like it, not only on the Gold Coast but anywhere else in Australia.

“We want La Pelago to be the defining destination of the Gold Coast, not just known for its architecture and amenity, but the experience from the moment the valet first opens your car door, through to the designer retail precincts and sky-high restaurants that will be the name on everyone’s lips when they launch to the public,” he said.

"It’s a collection of my most out-there ideas and “what ifs” brought to life.”

[smartcode_project_cta:default project_id=108339]

Tim Gurner said he's never been so excited to launch a project

Gurner to launch Aquia, the first tower in $1.7 billion La Pelago, Surfers Paradise precinct

In off the plan property, both reputation and a solid track record are everything.

Ultimately it was the two combined which saw investors Phil and Linette Crowhurst buy two apartments in Tapestry, the arts-inspired Chevron Island apartment development by Siera.

[smartcode_project:default project_id=108641 project_image_fid=193359]

“We were looking specifically on Chevron Island and there were only a small number of projects going up at the time,” Phil said.&nbsp;

“Siera seemed like it had a great reputation and we understand that they’re maintaining the management rights for the building so that gives us comfort that the building will be looked after on an ongoing basis.

“It's their asset and our asset, and we’re very happy with that."

Siera recently branched out into the multi-residential Gold Coast apartment market, having previously created high-end townhouses in and around Brisbane.

[smartcode_project:default project_id=108641 project_image_fid=205167]

Their founder and managing director Brent Thompson, who sits on the board at the UDIA, spent six to 12 months splitting his time between Brisbane and the Gold Coast, understanding everything about the local market, what people were buying, and what was being developed.

Phil and Linette had too been watching the local market for quite some time, and had noticed the continued demand for quality apartments on the Gold Coast.&nbsp;

“From an investment point of view, there's been a huge influx of people coming up to Queensland and particularly the Gold Coast in the last couple of years for obvious reasons and the research we've done seems to state that that's just going to continue and demand for good quality apartments ideally will just continue to grow,” Phil added.&nbsp;

Phil said the reason they chose to buy off the plan was to essentially benefit from the launch pricing.&nbsp;

[smartcode_project:default project_id=108641 project_image_fid=192972]

“We bought off the plan to benefit from the launch pricing, which is generally cheaper as the prices escalate as demand increases and Tapestry has already gone up at least five per cent,” he said.&nbsp;

Located on Darrambal Street, Tapestry benefits from its enviable location, attracting keen owner-occupiers, the demographic which Phil and Linette are hoping to lease to.&nbsp;

“If you're prepared to live in your investment, then your tenants will be too, and that's really key – and we would definitely live here,” Phil noted.

“We were specifically looking for non holiday let investments more so to lease to families or singles,” Phil said.&nbsp;

[smartcode_project:default project_id=108641 project_image_fid=205167]

Nearby to not only the redeveloped HOTA precinct, Tapestry also benefits from sitting close to a number of restaurants, retail, and recreational offerings as well as being just a bridge away from Surfers Paradise.&nbsp;

“Tapestry is certainly in a great location. It's not right on the beach and it's not in the hinterland but it still has a green aspect to it. It's got a lot of great infrastructure, a nice main street with Thomas street offering plenty of great restaurants, along with access to HOTA across the bridge and plenty of parklands and areas for kids to play. It just seems to be really well located."

Within Tapestry residents will be at home to a suite of resort-inspired amenities, including a private dining space, which can be closed off to the rest of the rooftop, an infinity pool with views across Surfers Paradise, a gym, and outdoor lounge areas.

[smartcode_project:default project_id=108641 project_image_fid=192964]

Linette said she loved the&nbsp;rooftop amenities and everything that it has to offer.

“The resort style pool, the alfresco barbecue area and the most important for me, being a gym junkie, is the sky gym,” she said.&nbsp;

Tapestry will deliver 113 residences upon completion in late 2024.&nbsp;

[smartcode_project_cta:default project_id=108641]

Phil and Linette had been watching the local market for quite some time, and had noticed the continued demand for quality apartments on the Gold Coast.

Why an investor bought two apartments in Chevron Island's Tapestry

The Melbourne-based developer Little Projects has redesigned its Broadbeach apartment tower Aperture, which had been knocked back at council.

Now seeking the sell the high-end project on a prime Broadbeach address at 20 Mary Avenue, on the border of the Broadbeach State School, Little Projects have had Plus remodel the luxury tower which had initially been designed by Elenberg Fraser. They've cut it in half from its 34 levels to just 17, and created a more curved facade.

<img alt="The new tower" data-entity-type="file" data-entity-uuid="2bab4377-6eb1-4739-ae76-0cae96462655" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-18%20at%208.46.01%20am.png?VersionId=ncLyeEvmWBG7NpCI5vbRiqHwbpgBteQi" />

It will still be as high-end as it was previously, just with fewer levels and apartments. Instead of 29 full floor and double-storey apartments, it will now be 17 full-floor apartments across 18 levels.

Level one will still home the resident facilities. There will be a pool, spa, barbecue area, and a gym with sauna and steam room.

From levels two to 18 will be 17 full-floor apartments, with three bedrooms each across its 158 sqm floorplate. There will be a further 13 sqm of balcony.&nbsp;

<img alt="Aperture" data-entity-type="file" data-entity-uuid="a7c0d810-e9e2-4a0b-a067-0bff1a219ad0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aperture.jpg?VersionId=qKgruOANowoiDwi13BEtM5.JQiH6Hxhv" />

The new plans for 20 Mary Avenue, left and right, and the former plans, centre

Despite Little Projects highlighting the former plans met a number of criteria, being code assessable under the Planning Scheme and being in a High Residential Density Zone Code, the plans were still rejected. The council suggested "the proposal does not meet the light rail urban renewal overlay code, high density residential zone code, and aspects of the high-rise accomodation design code and general provisions code."&nbsp;&nbsp;

Site amalgamation specialists and development site sellers GV Property Group have expressions of interest for 20 Mary Avenue.&nbsp;

Little Projects, headed by Paris Lechte and Leighton Pyke, have had success in Broadbeach before, selling out their nearby development Signature before it was completed.

They also have a development application sitting nearby for another high-end tower at 118 Old Burleigh Road. Expected to be in a joint venture with fellow Melbourne developer R.Corp, they are wanting to develop 33 apartments across&nbsp;37 levels on the corner of Old Burleigh Road and Australia Avenue.

<img alt="One Australia" data-entity-type="file" data-entity-uuid="67df3858-f5a5-4bf8-8a1a-14aba589e11f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-18%20at%209.22.32%20am.png?VersionId=9ToZ2k3HNZ4xvIe2m5ISWSUCW5hgg_lr" />

It will tower over the neighbouring Ocean Royale and Boulevard Tower, which are 16 and 17 levels respectively. They are also more focused on short-term accomodation apartments, whereas the new project, dubbed One Australia, will be another by Little Projects targeting the high-end owner-occupier.

DKO Architecture has put forward the designs for the slender tower, which will have full floor apartments, with 218 sqm of living space, from level two to level 33. Above will be a three-level penthouse with its own rooftop pool.

The new building will still be as high-end as it was previously, just with fewer levels and apartments

First look: Little Projects redesign luxury Broadbeach tower to meet council pushback

The latest market research from Colliers shows the sales of new apartments on the Gold Coast continues to only edge higher.&nbsp;

In the June quarter prices were pushed higher, even amid the city’s ongoing supply shortage and interest rate rises.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184933]

The research, supported by data from Urbis, has revealed 396 sales of new apartments in the quarter, up from 377 sales three months earlier, despite the Reserve Bank of Australia lifting the cash rate for the first time in more than a decade during the middle of the quarter last May.

Critically, the data shows the average price paid for these apartments was $1.117 million - or 3.8 per cent higher than the previous three months, which is just shy of the record high of $1.143 million reached in the September quarter of 2020 during the height of the pandemic.

Director of Colliers Residential Gold Coast, David Higgins said the latest report reveals a general trend of declining sales of new apartments since the record high of 742 in the March quarter last year.

“The latest quarter’s sales may be slightly higher than the March quarter but well down on the extraordinary peak we saw in the first quarter of last year,” said Higgins.

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“However, sales over the 18 months to June this year have all been significantly higher on a quarterly basis than the preceding 18 months and that reflects sustained demand in the market even through the first two interest rate increases.”

The number of apartments remaining for sale across the 81 Gold Coast projects surveyed for the report was 875 – up from 411 in the March quarter as more projects were released to the market.&nbsp;

But that still represents just 5.5 months of supply based on the current sales rate.

Colliers expects supply constraints and ongoing demand to continue driving apartment prices higher on the Gold Coast in the near term.

Director in Charge of Colliers Gold Coast, Steven King, said the findings in the report were reflective of the Gold Coast’s product shortage and continuing market strength.

[smartcode_project:default project_id=107928 project_image_fid=198887]

“Supply of new apartments is falling due to the increased cost of construction, which for high rise apartment projects over the last 16 months has risen by more than 25 per cent,” said&nbsp; King.

“Demand for new apartments remains solid but with a reduced supply of new projects and apartments, we expect apartment prices to continue rising especially if the supply shortage becomes more critical.”

The report also shows the Gold Coast capped of the 2022 financial year with a total of 2,073 new apartment sales.&nbsp;

Three-quarters of these were located along the coastal strip from Southport to Coolangatta with almost half, or 49 per cent, in the Gold Coast Central precinct which includes Broadbeach and Surfers Paradise.&nbsp;

The Southern Beaches precinct from Mermaid Beach to the southern border accounted for 26 per cent of the year’s total sales.

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Among other key findings in the latest research is an increase in offshore investors entering the market during the June quarter with four per cent of total sales during the period requiring Foreign Investment Review Board approval. The number of FIRB sales was up three per cent compared with the March quarter this year.

“There’s an emerging trend of foreign purchasers gradually re-entering the southeast Queensland investment market,” said Higgins.

“We’ve also noticed that the dynamic interest rate environment has had less of an effect on owner-occupier stock above $1.5 million in comparison to the bottom end of the market. Should they continue, both of these emerging trends will add another layer of continued demand pressure in the medium term.”

Higgins said the apartment market has been dominating sales momentum across all property sales on the Gold Coast over the past year.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=198886]

In the nine months from the 2021 September quarter to the March quarter this year, there was an increase of 55.1 per cent in house sales compared with a 104.4 per cent increase in apartment sales, led by a surge of buyer activity at the tail end of COVID.

“The Gold Coast metro’s house market shows continued signs of growth, but at a slower rate, which is welcome news for buyers,” concluded Higgins.

In the June quarter prices were pushed higher, even amid the city’s ongoing supply shortage and interest rate rises. 

Gold Coast apartment sales and prices edge higher amid ongoing supply shortage 

The Rob Steer-led luxury property group, Steer Developments, is capitalising on the sustained demand for premium beachside residences with the launch of its latest Gold Coast project, Côte, Palm Beach.&nbsp;

The $51 million project experienced a highly anticipated launch which has now led to the group fast-tracking the development, announcing the appointment of local builders GCB Constructions to make a start on the project within a matter of weeks. &nbsp;

[smartcode_project:default project_id=112548 project_image_fid=205276]

Located on a prime 810 sqm site at 3 Thirteenth Ave, bounded to the east by Jefferson Lane and just 20 metres from the beach, Côte will deliver a collection of just 17 residences across nine levels.

“Côte presents an exceptional opportunity for buyers to secure a masterfully designed residence in one of the best beachside locations at Palm Beach,” said Steer.

“We have ensured that Côte sensitively responds to the local context while delivering the absolute best of a luxe lifestyle that is just steps away from the beautiful beachfront, the Palm Beach village precinct and some of the southern Gold Coast’s best cafés, restaurants, bars and boutique retail.”

The company’s latest luxe development brings Steer’s combined project portfolio on the Gold Coast close to $350 million, which includes plans to transform the famous Ashmore Steak and Seafood site into the $60 million Ashmore Markets high-end retail precinct.

[smartcode_project:default project_id=112548 project_image_fid=205277]

Designed in collaboration with DKO Architecture and Plus Architecture, Côte has been crafted to foster a life of coastal luxury and unrivalled convenience, taking advantage of the site’s natural beauty and prime location in the heart of Palm Beach.

Each of the 17 apartments will feature three bedrooms, a multi-purpose room and three-and-a-half bathrooms, with accommodation for two cars in a secure underground carpark.

CBRE Gold Coast, which has undertaken some of the Gold Coast’s key marketing campaigns, has been appointed to market Côte Palm Beach, with the group’s Director of Residential Projects, Nick Clydsdale saying it’s Côte’s design and location driving the interest in the project.&nbsp;

“Côte taps into an ever-growing buyer pool of well-heeled owner occupiers who respond to impeccable design and location and demand certainty of delivery,” said Clydsdale.

[smartcode_project:default project_id=112548 project_image_fid=205278]

The building’s sculpted façade, featuring a timeless sophistication and a visually dynamic form, captures the essence of coastal refinement, while the interiors curve in and out of form, with the distinctive recesses creating a shell-like pattern.

Priced from $2.39 million, the luxury residences at Côte will offer generously-sized living spaces, high-quality appointments and lush outdoor spaces that take in the expansive ocean views

Côte’s floor-to-ceiling glazing throughout is designed to foster ample natural light and scenic coastal views, while cascading greenery will soften the linear form. Expansive balconies in each apartment also create superb alfresco settings for everyday living or entertaining.

“Côte Palm Beach will appeal to a broad range of buyers from professionals, holiday investors and downsizers, as well as Palm Beach locals who have already responded so well to this project,” Steer said.

[smartcode_project:default project_id=112548 project_image_fid=205280]

Côte’s two-per-floor apartments will deliver spacious open-plan living with superior finishes and luxury inclusions such as stone benchtops and premium oak flooring.&nbsp;

Among the inclusions are high-end Miele and Gaggenau appliances in the kitchen and laundry, plus a wine fridge and barbecue station on the balcony.

The master bedroom features generously sized walk-in robes and ensuites, boasting large freestanding circular baths paired with the rounded edge walls that feature throughout.

[smartcode_project:default project_id=112548 project_image_fid=205286]

Residents will also enjoy premium resort-style facilities including a residents-only pool with a lounge area, communal dining and barbecue facilities, beach showers and a start-of-the-art gym studio overlooking the pool area.

The development is scheduled for completion in March 2024.

[smartcode_project_cta:default project_id=112548]

Located on a prime 810 sqm site at 3 Thirteenth Ave, bounded to the east by Jefferson Lane and just 20 metres from the beach, Côte will deliver a collection of just 17 residences across nine levels.

Steer Developments fast-tracks construction of $51 million Côte Palm Beach after launch

It’s a rare advantage to find a new build along the Gold Coast at the moment.&nbsp;

While a number of residential projects begin to launch to the market for off the plan sales, McDonald Industries' Park Shore development presents one of very limited chances to secure and move into a new apartment this year.&nbsp;

[smartcode_project:default project_id=134758 project_image_fid=205904]

The family-owned development group has released the 45 built apartments to meet sustained demand from property buyers in the Gold Coast’s prime lifestyle precincts, with the residences priced well below the replacement cost of new apartments.

With a mix of two and three-bedroom apartments, the release delivers a spat of modern residences in the suburb’s sought-after Golden Mile, tipped as the most affordable to come to the locale in years.

Located at 41 Labrador Street, buyers can expect to move in by December, with the unique offering following the extensive refurbishment of the former Sandy Point Resort which was purchased by McDonald Industries in June this year.

McDonald Industries' Alex Pope said the opportunity for buyers to lock into one of the Gold Coast’s prime waterfront markets, with an array of lifestyle amenities at the door, at the prices on offer is extremely unheard of.&nbsp;

[smartcode_project:default project_id=134758 project_image_fid=205915]

“With construction costs continuing to rise, this development delivers a range of newly renovated apartments at below replacement costs. We believe there is no other building on the Gold Coast or in Queensland that is offering such an opportunity.”

Apartments within Park Shore have just been released to the market for the first time this week, with prices starting from $695,000 to $950,000.&nbsp;

A focus has been placed on maximising view points across Park Shore, with apartments enjoying aspects to either the waters of Broadwater, the rolling sand banks along the estuaries, the glittering lights of the Gold Coast skyline or to the stretches of the hinterland.&nbsp;

Spanning approximately 120 sqm, each apartment boasts three balconies to encapsulate the varying viewpoints, while spacious interiors seamlessly blend to bring the outside in.&nbsp;

Each of the homes will feature large kitchens, adorning European appliances, generously-sized bedrooms and open-plan living and dining areas, along with two bathrooms which include a bath.&nbsp;

Large internal laundries will be complemented by custom robes, timber composite flooring and plush carpet in the bedrooms, with dedicated entry hallways and ample storage rounding out the offerings.&nbsp;

[smartcode_project:default project_id=134758 project_image_fid=205913]

Leading Sales Agent, Tim Keenan of Keenan &amp; Co. said Park Shore presented a truly unique opportunity to live and invest in a bygone era of quality building design, spacious layouts and solid construction.&nbsp;

“They don’t design and build apartments like they used to, and we believe the oversized living area and bedrooms of Park Shore apartments will be exceptionally appealing to today’s buyers,” Keenan said.&nbsp;

All common areas of the building have been upgraded in the refurbishment, with a stylish reception and foyer, as well as extensive landscaping and garden areas and many of the amenities residents would expect to find in a modern resort-style development.

A large pool with surrounding cabana and barbecue areas will feature, along with a dedicated residents’ lounge that opens onto the lush gardens. Garden areas will also have established fruit and vegetable plantings for the benefit of Park Shore residents.

The entire development has been designed as a pet and bicycle friendly site, taking advantage of the level stroll to the Broadwater, which connects to a number of walking paths, nearby beaches and swimming spots, parklands, restaurants and cafes.

[smartcode_project:default project_id=134758 project_image_fid=205901]

Enhancing the site’s first-class lifestyle destination is the convenience and amenity of both the Main Beach and Harbour Town retail and entertainment precincts only minutes by car.

The Sydney-based McDonald Industries, which was founded in 1974, has leveraged almost five decades of experience in the refurbishment and strata titling of the existing residential apartment buildings to bring Park Shore to the market.

The company has built, renovated and sold more than 7,000 apartments throughout inner city Sydney, Melbourne, Brisbane as well as Gold Coast, Townsville and Palm Cove.

“We’ve been renovating whole apartment blocks in Sydney and Queensland for over 50 years and Park Shore is among the most exciting developments we have undertaken in many years,” said Pope.

“This is a quality offering in one of the Gold Coast’s great locations that is timed perfectly for a market looking for project certainty as Park Shore apartments will be ready for residents to move in before the end of this year.”

[smartcode_project:default project_id=134758 project_image_fid=205900]

The development of Park Shore has also contributed to McDonald Industries’ sustainability initiatives. Since acquiring Sandy Point Resort in one line in June this year, the company has donated all 42 furniture packages within the resort to the northern New South Wales flood appeal, which is estimated to have helped more than 2,000 families in the flood affected area.

[smartcode_project_cta:default project_id=134758]

Located at 41 Labrador Street, buyers can expect to move in by December, with the unique offering following the extensive refurbishment of the former Sandy Point Resort which was purchased by McDonald Industries in June this year.

Park Shore to welcome residents to Labrador’s Golden Mile by December

A local developer has lodged plans for a site fronting Marine Parade&nbsp;overlooking the waterfront at Biggera Waters.

Just 30 two-bedroom apartments will be offered across the 1,091 sqm site at 456 Marine Parade, with BDA behind the designs.&nbsp;&nbsp;

BDA noted that the apartments, which start from 90 sqm internally, will provide short term accomodation along the water frontage of Biggera Waters.

"As designed, the project will provide a memorable sculptural short-term accommodation tower," BDA stated in their submission to the Gold Coast City Council.

"The design intent is to create a high quality short term accommodation that contributes to the diverse range of building typologies within the area.

<img alt="Marine Parade Biggera Waters" data-entity-type="file" data-entity-uuid="75080bd2-32d2-4106-93a8-04eb657709db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%203.53.32%20pm.png?VersionId=Gkbeur720Aq1HRVuqt2t9ZTwFiKdTTBa" />

"The tower has been broken up into two distinct floor plates that undulate back and forth to give variation and movement in the overall form," the statement read.

Four apartments will be spread across each floorplate, with a focus on maintaining optimum cross ventilation and natural light, whilst capturing surrounding views.&nbsp;

Each apartment will also be provided with a generously-sized balcony, to encourage indoor and outdoor interactions.&nbsp;

The nine-storey building will take on a minimal and coastal design, set to enhance the streetscape, while adding to the diverse range of building typologies within the locale.

<img alt="Marine Parade Biggera Waters" data-entity-type="file" data-entity-uuid="1d84d688-e5ce-47b6-920b-8e98cfee0186" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%203.53.36%20pm.png?VersionId=S8Hj6UBMUnzFz8L_HcugG1vJtQMVEQTb" />

"Overlapping balcony edges create a subtle movement up the building facade creating visual interest from the Broadwater, while a composition of white brickwork, timber-look screening, large glazing elements and planters provide a subtle but well crafted mix of natural materials.&nbsp;

“The detailing and articulation of the built form demonstrates a positive outcome for the streetscape and Biggera Waters area."

The development encompasses wide-reaching water views from the site's frontage to Marine Parade, catching views towards Wave Break Island, with multiple mature Norfolk Pines within Khoundavong Park.

<img alt="Marine Parade Biggera Waters" data-entity-type="file" data-entity-uuid="3fbfcdcf-7086-45c4-95eb-8734f4c7bd4b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%203.53.17%20pm.png?VersionId=rfkAzzyFnMS7g_fApxyMpB5Fpg2EZORD" />

Residents will also enjoy the amenity of the linear park and walkway along the Broadwater edges, while also being within a short distance to a variety of shopping and leisure amenities, as well as public transport options.&nbsp;

BDA noted that the apartments, which start from 90 sqm internally, will provide short term accomodation along the water frontage of Biggera Waters

First look: New Marine Parade, Biggera Waters apartments to target short term accomodation

Local Brisbane developer Sarazin is tweaking the next two towers of its popular Silk Lane development in the heart of Woolloongabba's Olympic precinct.

Sarazin is seeking to add more levels on the two towers which will literally look into the famed The Gabba, the focal point of the 2032 Summer Olympics.&nbsp;

In a community engagement report, Sarazin said the aim to design larger apartments reflects current buyer demand.

"The apartments are aimed at families and downsizers seeking to enter the area of Woolloongabba, as it is revitalised by Cross River Rail and the Olympics," the report noted.

They'll be adding another 34 apartments to the two towers which were approved at 20-levels per tower. They're now wanting Silk Two to rise 25 levels and Silk Three to reach 32 levels. Both of the towers have been designed by Nettleton Tribe, who designed Silk One.

<img alt="Silk One Two and Three" data-entity-type="file" data-entity-uuid="8ffb7196-89df-4a54-af75-76998e489c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.11.51%20am.png?VersionId=hc4W8z60Fu3yR2VDDZQPQAeEP6Tdv2SC" />

Silk Two will have 146 apartments, a mix of 36 one-beds, two thirds with a multi-purpose room, 80 two-bed apartments, and 30 three-bedders. Silk Three will have 239 apartments, 69 one-bedrooms, 102 two-bedrooms, 60 three-bed apartments, and eight four-bedders.

Half of the resident amenity in Silk Three will be on the third level, where there will be a gym with treatment rooms and hot tubs in landscaping. The rooftop will home a dining space, outdoor barbecue area, a swimming pool and a sauna.

All of the resident amenity in Silk Two will be on the rooftop. That will too have a pool, dining and barbecue space, as well as a wine room.&nbsp;

There will be eight retail tenancies on the ground level to invigorate the streetscape.

In addition to the tweaking of the density and the heights, Sarazin are proposing a groundbreaking gallery for science and the arts. STEAMM (science, technology, environment, art, music and mathematics), will sit across a two level, 1735 sqm gallery space in Silk Three and will open to a STEAMM Garden.

<img alt="Silk One Two and Three" data-entity-type="file" data-entity-uuid="3206b39f-1ebf-4526-ab49-08ff5fd00ac6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.02.30%20am.png?VersionId=a1yXajmiW9PW1hOpmtda3Z5Xihv7zL2E" />

"The inclusion of a STEAMM Gallery and Community Garden represents a ground-breaking project for Queensland, bringing science and art together through multi-form exhibitions, artists and scientists in residence, installations and curated experiences," planning documents submitted to the Brisbane City Council read.

"Sarazin believes the STEAMM Garden is a key additional community benefit, transferring 520 sqm of private space courtyard to the public realm, as the Garden will be open even when the Gallery is closed.

"Partnering with leading universities, research facilities, museums, artists and galleries both in Australia and abroad, STEAMM emboides Brisbane City Council's vision for a "new world city".

"STEAMM Gallery’s annual exhibition program supports Brisbane’s major science events such as the World Science Festival and National Science Week, in line with state and national educational curriculums.

<img alt="Silk One, Two and Three" data-entity-type="file" data-entity-uuid="03b8beb6-3495-4072-a330-dcd1cf30649b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.03.30%20am.png?VersionId=_VQNoMgFxeLSubtPje90T8dXEE1KkLhR" />

Sarazin was committed to strong engagement with the local community prior to the submission of the amendment to the development approval.

The project team met with several stakeholders in a series of briefing meetings. These included Planning Chair Cr Adam Allan, Lord Mayoral Advisor Nathan Percy, Economic Development Queensland, Queensland Art Gallery and Gabba Business Association.

A community newsletter was hand delivered to about 2,000 residences and businesses in Woolloongabba to advise of the proposed development and promote the community information sessions. Local business was engaged via a doorknock of the area surrounding the development, including the Logan Road precinct.

Sarazin believes the amendment is balanced by better design and significant community outcomes.

In a community engagement report, Sarazin said the aim to design larger apartments reflects current buyer demand

First look: Sarazin to favour downsizers and families in revised Woolloongabba apartment tower plans

Brisbane’s riverfront is set to welcome some of the city’s most sustainable high-end homes, with developer SABI revealing the first images of its extraordinary new residences at KIOME.

Situated on the edge of the Brisbane River in Highgate Hill, KIOME comprises a collection of three and four-bedroom residences, each with customisable internal spaces, extensive native and edible landscaping, and a host of exceptional design features.

SABI Co-founder and Partner, Riye Arai-Coupe, said the result is the creation of seven beautiful and functional family-sized homes that are a ‘true exemplar of design with a conscience’.

[smartcode_project:default project_id=134270 project_image_fid=205672]

“KIOME’s connection to nature and resilient sustainability is balanced with a refined design approach that celebrates its absolute riverfront position,” Arai-Coupe said.

“Those of us who know and love Highgate Hill understand the area’s deep connection to the river, the environment, and community.

“It’s a melting pot of culture and heritage, greenery and river, and art and architecture, on the doorstep of Brisbane’s ever-evolving CBD.

“With this site, we knew we had a rare opportunity, and responsibility, to raise the standard of sustainable design, and riverfront living, in a meaningful and enduring way.”

Arai-Coupe said the four-storey building, while boutique in size, is targeting a 7 Star natHERs rating and packs an exceptional amount of design detail and rooftop resident amenities.

Designed by award-winning Brisbane studio Ellivo Architects, KIOME draws inspiration from the Brisbane River and surrounding landscape.

The use of natural forms, materials and cascading greenery throughout the building blurs the lines between the indoor and outdoor realms, while the interiors celebrate the inclusions of a traditional home.

Arai-Coupe said each residence features multiple living and entertaining zones and offers options to tailor these spaces to truly meet the needs of the owners.

<img alt="Kiome" data-entity-type="file" data-entity-uuid="c7abf4a9-1cfb-4963-9663-686b69d5150a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2012.15.36%20pm.png?VersionId=RfMNTz3GdxTCkP_O9UvWuv6fSWnRQ1Pz" />

“KIOME is proof that sustainable, biophilic design goes hand in hand with quality,” she said. “It is designed as a living, breathing building, where every residence embraces life and connection to water, natural light, fresh air and nature.

“This theme is carried through to the resident amenities, which include a rooftop pool and gardens, sun lounges and entertaining areas, extensive landscaping and deep planting, and the ‘rewilding’ of the riparian zone adjoining the river’s edge.”

Arai-Coupe said an enormous fiddleleaf fig is a striking feature within the main gallery of the penthouse.&nbsp;The two ground floor apartments feature private plunge pools overlooking the Brisbane River and private gardens.

Rooftop solar panels will offset energy consumption and rainwater will be captured and reticulated to service the extensive gardens. EV car charging provisions and a new focus on waste management are included in the design. KIOME is also targeting to be fossil-fuel free, with no gas within the building and provisions made for green power use throughout.

[smartcode_project_cta:default project_id=134270]

Arai-Coupe said the four-storey building, while boutique in size, is targeting a 7 Star natHERs rating and packs an exceptional amount of design detail and rooftop resident amenities.



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