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

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

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

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

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

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

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

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

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

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

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

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

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Construction has begun on Sydney-based Garfield Developments, Gold Coast apartment project, Aspire.

Following months of due diligence, Aspire ticked off their long list of criteria to begin the construction phase on their exclusive beachfront Surfers Paradise residences.

[smartcode_project:default project_id=111652 project_image_fid=197880]

Comprising just 37 residences over 24-levels, the boutique collection of full-floor and half-floor residences, along with an exclusive two-storey penthouse offer absolute beachfront living, in a modern, contemporary design.

With full development approval in place and demolition starting, prospective buyers can check out the newly-opened display suite at 4 Charles Avenue, Broadbeach, on the ground floor of Oracle, showcasing life inside an Aspire apartments.

The display suite includes a full kitchen and bathroom, as well as the same luxury finishes found in each of the apartments, such as flooring, cabinetry and tapware, with Kollosche New Projects also on-hand to provide a 3D tour of the three and four-bedroom residences.

[smartcode_project:default project_id=111652 project_image_fid=197882]

Developed by the Sydney-based group, Aspire will land on the enviable Garfield Terrace beachfront.

Each of the half-floor apartments span between 207 sqm and 217 sqm of space, with the six full-floor apartment offering an expansive 414 sqm of space.

Crowning the tower is the two-level penthouse, which covers 716 sqm of internal space.

Designed by&nbsp;<a aria-label="Mosca Pserras Architects - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="na" data-uw-styling-context="true" href="/news/profiling-woods-bagots-role-in-western-sydney-universitys-new-liverpool-campus" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/profiling-woods-bagots-role-in-western-sydney-universitys-new-liverpool-campus$moscapserrasarchitects">Mosca Pserras Architects</a>,&nbsp;each apartment has been crafted with sophisticated comfort and luxury in mind, featuring high-end fit outs from European Oak floors to Gaggeneau appliances.

[smartcode_project:default project_id=111652 project_image_fid=197885]

Aspire will also be home to an exclusive suite of residential amenity, including a luxury infinity pool, a gym with a yoga room,&nbsp;a steam room and&nbsp; infra-red sauna,&nbsp;barbecue facilities, a&nbsp;bar and residents'&nbsp;lounge, a modern office space with a conference room, and a surfboard/sports store room.

[smartcode_project_cta: project_id=111652]

Aspire construction phase begins

Construction of the $1 billion Broadbeach development, Victoria &amp; Albert, is looming, following a $200 million sales spree at the Gold Coast apartment project.

The biggest demand for the project, which will rise from the current Niecon Plaza which will soon be demolished, has come from interstate buyers seeking a sea change.&nbsp;

Colliers Gold Coast Residential director, David Higgins said the project had seen strong interest from the interstate market, accounting for 80 per cent of the sales so far.

[smartcode_project:default project_id=107928 project_image_fid=178909]

&ldquo;Many buyers have been enticed by the project&rsquo;s proximity to key lifestyle amenities and the ground floor activation which is set to reinvigorate the heart of Broadbeach with a world class retail and dining precinct,&rdquo; Higgins said.

The 399-apartments are spread over&nbsp;two towers &ndash; Victoria and Albert &ndash; the first catering to an investor market and the second to an owner-occupier market.

The project&rsquo;s Albert tower hit the market just four weeks ago, sparking a tidal wave of interest from Sydney and Melbourne buyers.

[smartcode_project:default project_id=107928 project_image_fid=184933]

&ldquo;The response since the launch of Albert has been incredible,&rdquo; Higgins said.

&ldquo;Southern buyers looking for their new home in the heart of the city&rsquo;s lifestyle mecca have jumped at the opportunity to secure a home in V&amp;A,&rdquo; he added.

&ldquo;With demolition now underway, we are looking forward to soon having a collection of high- quality homes to showcases for our new residents.&rdquo;

As demolition of the Niecon Plaza precinct officially kicks off, construction of the two V&amp;A towers is anticipated to start in the coming months, delivering 399 apartments, alongside an activated ground floor public precinct, with extensive food and beverage, high-end retail and commercial spaces. &nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184936]

Iris Capital CEO, Sam Arnaout, said the group is in final discussions with a builder, which they expect to have locked in by mid-August.

&ldquo;The start of demolition marks an exciting step forward in the delivery of V&amp;A&nbsp;Broadbeach, and we look forward to seeing our vision come to life over the coming few years,&rdquo; said Arnaout.

&ldquo;We have spent a lot of time ensuring a project of this scale was deliverable in the current climate and we are proud to today be embarking on the first major construction milestone.&rdquo;

The project is expected to take roughly three and a half years to complete, with completion slated for January 2026.

[smartcode_project:default project_id=107928 project_image_fid=180734]

The billion-dollar project is expected to create some 400 to 500 hundred jobs over the coming years, from construction through to completion, providing a boost to the construction industry and the Broadbeach region.

[smartcode_project_cta: project_id=107928]

The project’s Albert tower hit the market just four weeks ago, sparking a tidal wave of interest from Sydney and Melbourne buyers.



Interstate buyers dominate $200m spending spree at Iris Capital's V&A Broadbeach apartment development as construction looms

The latest apartments to hit Newstead, the sought-after inner-Brisbane suburb, are closer to fruition.

Brisbane-based boutique property developers DibCorp has signed on LPS Group to handle the construction of their apartment project Bide, which&nbsp;will deliver 89 residences to 29 Longland Street upon completion in late 2023.

The suburb has positioned itself as a popular choice among developers, sitting just three kilometres from the CBD, with significant investment into infrastructure evolving the area into a dynamic lifestyle, commercial and entertainment hub.

[smartcode_project:default project_id=102309 project_image_fid=163974]

With construction in full swing for LPS on Bide, just a limited number of apartments from the City View Collection remain, offering a mix of two and three-bedroom floorplans.

The two-bedroom residences in the collection kick off from $ $810,000, while the three-bed Skyhomes come in from $ 1,350,000, across roughly 146 sqm, with a focus on wellbeing and liveability across the entire project.

A collaborative group are behind the architecture and landscape design at Bide, with DibCorp engaging Brisbane locals, Twohill and James, Wiltshire Stevens Architecture and Lat27.

[smartcode_project:default project_id=102309 project_image_fid=203218]

The residential amenity within Bide has also been designed with a focus around lifestyle and wellbeing.

The 600 sqm lush garden, known as Bide Gardens, will home private cabanas and barbecue facilities, designed as a place to relax and unwind for residents as well as an additional space within the project where buyers can work-from-home. &nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" scrolling="no" src="https://www.youtube.com/embed/1IRZjTJ6tZ8" title="YouTube video player" width="660"></iframe>

LPS Group said it has been an exciting three months for the group, planning and procuring subcontractors to deliver the job.

The group has a busy few months ahead of them, with plans to dig down a three-level basement and then build up slated to be completed by around Christmas.

[smartcode_project_cta: project_id=102309]

Brisbane-based boutique property developers, DibCorp has signed on LPS to handle the construction of their apartment project, Bide, while will deliver 89 residences to 29 Longland Street upon completion in late 2023.



LPS to construct DibCorp’s Newstead apartment project, Bide

South-east Queensland residential developer TRK Property Group has lodged plans for a two-tower apartment development on a disused site at Indooroopilly.

The group amalgamated the site over two years, with a budget motel to make way for the residential development.

<img alt="" height="1336" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.50.29_pm.png" width="1340" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

Landing in the heart of Indooroopilly at 140 Central Avenue, TRK&rsquo;s latest project will comprise 127 apartments across two seven-storey towers, as well as six two-storey terrace homes.

Designed by renowned architects, Rothelowman, the project expects to attract interest from young families and downsizers, with a mix of two and three-bedroom residences on offer at the riverside suburb site.

A subtropical promenade creates a divider between the residential buildings, with the space set to activate the ground plane.

From the curation of the subtropical native landscape, Rothelowman have maintained a focus on connection to nature and openness throughout the entire design of the project.

<img alt="" height="1334" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.51.02_pm.png" width="1334" /> 
Render of the proposed subtropical landscaped promenade at the140 Central Ave, Indooroopilly development. Credit: Rothelowman

Operable facades and the design of voids give residents maximum access to natural light and ventilation, while the living areas all connect to generous semi-enclosed outdoor spaces, with the Terrace Home residents benefitting from access to private subtropical native landscapes.

&ldquo;140 Central Avenue will provide local residents in the highly desirable established suburb of Indooroopilly with an authentic subtropical architecture that connects people with their environment,&rdquo; Rothelowman said in their architecture plans.&quot;

&ldquo;The now heightened global awareness of the ecological importance for humanity&rsquo;s relationship with the planet can be addressed holistically through both lifestyle choices and people&rsquo;s relationship with evolved urban living environments.&rdquo;

<img alt="" height="872" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.50.43_pm.png" width="2198" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

&ldquo;In this project all aspects of the architecture and interiors are conceived as one and with a humanist agenda. Design strategies are employed in plan and three dimensions to promote connection with nature, natural light, ventilation and sense of space within all apartments.&quot;

Crowning the seven-storey tower facing Central Ave will be a residential rooftop space, complete with a pool and landscaped garden.

The development is also set to comprise a gym, sauna, children&rsquo;s play area and informal work-from-home spaces across the site as well.

<img alt="" height="1322" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.52.00_pm.png" width="2192" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

Designed by renowned architects, Rothelowman, the project expects to attract interest from young families and downsizers, with a mix of two and three-bedroom residences on offer at the riverside suburb site.



Indooroopilly set to welcome new apartment development at 140 Central Ave

There&#39;s not enough development sites to go around at the moment on the Gold Coast, as developers scramble for their next project amid quick sell-outs.

Ignite Projects boss Josh Foote reckons prices have just about doubled in the last 12 months, as vendors expectations continue to grow.

GV Property Group, the site amalgamation specialists, are expecting high demand for their latest off-market listing, a near beachfront development opportunity in Bilinga.

The 795 sqm site, at 135 Golden Four Drive, previously had approval for 12 apartments, however the site is being sold with a scheme in place for a boutique development of 20 luxury apartments, designed by EMK Architects.

GV Property Group&#39;s Luke Reaby says there&#39;s a limited number of luxury projects on the market in the area, with very limited planned beachfront supply.

&quot;We are getting calls every day around beachfront sites, however these sites come with significant premiums and insatiable competition&#39;&quot;, Reaby says.

<img alt="" height="788" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bilinga_3.jpg" width="1200" />

GV Property Group has an expressions of interest campaign running to October 29.

The Bilinga market has been relatively untapped compared to its neighbouring areas of Coolangatta and Palm Beach.

The nearby Si Bilinga apartment project, by developer IDS Property, spans nine levels and has 15 apartments designed by Gatehouse Architects. That sits a few hundred metres up the road&nbsp;at&nbsp;309 Golden Four Drive,&nbsp;previously sold by GV Property Group last year.

Sherpa Property Group sold out their yet-to-be-built&nbsp;202 Perspective, the boutique five whole-floor apartment, which is less than 500 metres away at 202 Pacific Street, on the beachfront.

Sherpa has announced they are looking for four sites in 2022.

Both Si and 202 Perspective have similar zoning and development potential to the current opportunity, Reaby advises.

Two months ago, GV Property Group also sold 55 Golden Four Drive off-market to Brisbane Developer,&nbsp;Cielo Group, which is&nbsp;poised&nbsp;to create nine full-floor luxury apartments&nbsp;

CBRE&#39;s Nicholas Clydsdale says the heightened demand from all types of domestic purchasers has seen smaller-sized boutique projects in demand, with the site a prime example to take advantage of the current market conditions.

<img alt="" height="768" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bilinga_2.jpg" width="1200" />

&quot;Golden Four Drive is a growth area in the southern Gold Coast,&quot; Clydsdale says.

&quot;This strength is primarily led by a shortage in supply in the area. The site is close to genuine amenity including the Tugun and Coolangatta shopping precincts.

&quot;The lack of new product available, coupled with strong demand for beachside product, has created high levels of pent up demand for high quality residential in this location.&quot;

Clydesdale reckons around $8,500 per sqm to $10,000 per sqm is achievable under current market conditions, if the finish is similar to that of the likes of Bensons Chevron One development, Signature Broadbeach, or Acqua Palm Beach.

He says apartments level four or higher could see better returns given the heightened beach and ocean view potential.

Urbis town planner Patrick Hefferan says the site has strong development potential, particularly for a mid-rise residential development.

GV Property Group's Luke Reaby says there's a limited number of luxury projects on the market in the area, with very limited planned beachfront supply

Apartment developers queue up as Gold Coast beachfront sites tighten further

Our latest Queensland listing offers you a quiet escape just 250 metres from Mermaid Beach. Enjoy your own coastal haven, minutes from great amenities in one of the state's most coveted suburbs.

Construction is well underway, so take a look at our recent display suite tour video&nbsp;to learn more about Ventura Residences and enquire before the boutique development sells out.&nbsp;

Watch our display suite tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/37uPvmUuv9E" title="YouTube video player" width="660"></iframe>

<h2>VENTURA RESIDENCES AT A GLANCE</h2>

Address:&nbsp;48 Ventura Road, Mermaid Beach QLD 4218 
Developer:&nbsp;Niecon 
Architect:&nbsp;Archidiom 
Builder:&nbsp;Hutchinson Builders

[smartcode_project_cta: project_id=108737]

Architecturally designed by award-winning Gold Coast practice Archidiom (phonetic: arch-idiom), the development features 45 spacious north-facing apartments, which offer spectacular coastline vistas.

Within the development, residents will have exclusive access to a suspended waterfall edge swimming pool, a fully equipped gymnasium, outdoor BBQ and for some peace and tranquility, a zen garden and residents lounge. The amenities have been carefully considered to enhance the lives of residents who are fortunate enough to call Ventura Residences Mermaid Beach their home.

[smartcode_project:default project_id=108737 project_image_fid=199487]

Located at 48 Ventura Road, you'll be living just 2 mins to the beautiful patrolled Mermaid Beach and Mermaid Park is just on your doorstep. Also, close by, you’ll find plenty of desirable amenities including Pacific Fair Shopping Centre, Nobbys Beach, Bond University and Oracle Boulevard, less than 10 minutes away. Robina Hospital is also nearby.

You're spoilt for choice with great dining options in the area, surrounded by some of the Gold Coast’s most popular restaurants and bars, as well as education, retail and recreation facilities.&nbsp;

Each home features ducted air conditioning, recessed downlights and quality carpet in all bedrooms.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199488]

The kitchens are designed for entertaining with luxurious stone bench tops, elegant fluted panel detailing and&nbsp;seamlessly integrated Miele appliances.&nbsp;

The same classic tiles and panel detailing are carried through to the bathrooms, which have been designed with a calming material palette.&nbsp;

All homes offer ample storage and secure car parking.

Ventura Residences is the only apartment development in Mermaid Beach to be completed in 2023, so now is a great time to secure your new home in time to move in mid-next year. To learn more,&nbsp;enquire via Urban today.

Olivia Round

Display Tour Video: Ventura Residences at 48 Ventura Road, Mermaid Beach, QLD

The Sydney-based luxury apartment developer Luxcon Group is breaking into the Gold Coast apartment market, and they&#39;re doing it on&nbsp;Surfers Paradise&#39;s prime beachfront strip.

Luxcon, headed by Ilya Melnikoff, are set to create Escape, a 30-level tower with just 28 apartments.

It will replace the ageing apartment development Sea Breeze at 63-65 Garfield Terrace.

PBD Architects say Escape&nbsp;will be an iconic tower overlooking the ocean from the coast of Surfers Paradise, towering out amongst the Gold Coast cityscape as a new destination for those looking for resort-style luxury living.

&quot;The Garfield tower will rise 30 storeys refining the luxury residential buildings in Gold Coast,&quot; PBD noted in their design statement submitted to the local council.

<a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise"><img alt="" height="714" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-20_at_9.38.01_am.png" width="1154" /></a> 
The planned Escape on Garfield Terrace. Image credit: PBD Architects

&quot;Its uniqueness is comparably contemporary and &quot;edgy&quot; amongst a sea of beachfront architecture incorporating coastal curvature and sleek ripple effects in their designs. It also creates a highly sophisticated urban design.

&quot;The building enthusiastically embraces its iconic role by contributing to the vibrant skyline of the coast, whilst also providing opportunities for stunning vistas of the ocean, the Nerang River, and the greater city.

&quot;Inspired by the natural transition or movement from the coast to the air by the cooling coastal breeze, Japanese art of paper folding, origami, a simple rectangular paper begins to articulately transform into a sculptural object.&quot;

<a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise"><img alt="" height="704" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-20_at_9.38.15_am.png" width="1148" /></a> 
The planned Escape on Garfield Terrace. Image credit: PBD Architects

There will be a three-level podium which will home the resident amenity.

The ground level will feature lounges and cabanas that will be an outdoor barbecue space set in lush landscaping. Level one will home the start of the fitness centre, a&nbsp;gym facing the beach. That will be feature a spiral staircase&nbsp;which leads to the lap pool and spa, steam room, sauna and changing rooms.

The apartments start from level three, with 270 sqm, full floor three-bedroom apartments, each with their own cellar, butler&#39;s pantry, and second living space at the rear of the apartment. The main open plan kitchen, living and dining area opens to an ocean-facing balcony, as does the master suite which has a walk in wardrobe and ensuite.

Topping the building is a huge two-level penthouse, spanning 440 sqm of living area. That will have four bedrooms, its own home office, and a wine room.

<a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise"><img alt="" height="692" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-20_at_9.38.10_am.png" width="1140" /></a> 
The planned Escape on Garfield Terrace. Image credit: PBD Architects

It&#39;s the latest plans for the busy Garfield Terrace, which is set for a huge redevelopment.

In December Iris Capital, who are developing the $800 million V&amp;A Broadbeach, filed plans for a 38-level tower at 71 Garfield Terrace, just a few doors down. That will have 51 apartments and a two-level beach house.

Another aimed at the high end holiday maker or owner-occupier, the smallest apartments on offer will have three bedrooms and span half a floor, oriented to have ocean-facing balconies.

They run over half way up the tower, before hitting the resident&nbsp;facilities on level 24 where there will be a swimming pool and pool deck, a gym with a sauna, and an outdoor barbecue and dining area.

<img alt="" height="829" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/iris_garfield_2_0.jpg" width="1200" /> 
The planned Iris Capital tower 71 on Garfield. Image credit: DBI Architects

Up to level 33 will be the full-floor, four bedroom apartments, each with a study and private plunge pool on the balcony.

Next door Weiya Holdings recently secured approval for&nbsp;Aalto, which will also rise 38 levels. It will have 64 apartments designed by&nbsp;Conrad Gargett.

Down the street KTQ are creating something different, something the Coast hasn&#39;t seen before.

Serēn (pronounced serene),&nbsp;will comprise an independent luxury, 60-room hotel, which will&nbsp;occupy levels three to six. Above, after the separate&nbsp;hotel and the residences pool and recreation decks, will be 60 apartments, spanning a huge 350 sqm each and offering three-bedrooms and a multi-purpose room.

Toward the pointy end of the 42-level tower will be full floor apartments and a special two-level penthouse.

Luxcon was established in 2008 by Founder and Managing Director Ilya Melnikoff, and have developed a number of luxury projects, primarily in Sydney&#39;s eastern suburbs. They have a number of projects in the pipeline in some of Melbourne&#39;s best suburbs as well, including The Address overlooking Fitzroy Gardens.

PBD Architects say Escape will be an iconic tower overlooking the ocean from the coast of Surfers Paradise



First look exclusive: Luxcon set for origami-inspired apartment development on Surfers Paradise beachfront

Gold Coast developers Aniko Group has achieved a near sell-out ahead of construction on their Hope Island project, 35 Grant Avenue, prompting the group to fast track construction within weeks.

The $58 million development achieved sales success before the official launch of the luxury waterfront project, driven by strong demand from local buyers looking to secure a position in one of the northern Gold Coast&rsquo;s most sought-after lifestyle suburb.

[smartcode_project:default project_id=95316 project_image_fid=184674]

Over 90 per cent of the total 58 townhouses and duplex villas have already been sold, achieving over $53 million in sales to date, with just five residences remaining &ndash; including two waterfront villas.

The $53 million in sales achieved by Aniko represent an average price of $1 million for 35 Grant Avenue, which Aniko Group Managing Director&nbsp;George Mastrocostas said highlights the continued strength of the market for quality residences at Hope Island.

&ldquo;35 Grant Avenue has appealed to a broad cross-section of buyers from singles, couples, families and retirees,&rdquo; Mastrocostas&nbsp;said.

&ldquo;All have been drawn by the waterfront lifestyle afforded by the location and the level of amenities we have included to elevate the residential offering.&rdquo;

[smartcode_project:default project_id=95316 project_image_fid=201429]

Prices for the remaining residences range from $875,000 for townhouses to $1.5 million for the waterfront villas which come with a private waterfront plunge pool.

&ldquo;35 Grant Avenue has been designed as a stand-out development for the Hope Island waterfront precinct by bringing a sense of space and proportion through the inclusion of extensive open areas on site.&rdquo;

Designed for resort-style living, the development will feature a range of state-of-the-art amenities for residents including a spacious pool area with sun-beds and outdoor showers, a communal herb garden, barbecue facilities and a fire pit.

Set in a gated community, featuring an expansive park precinct with meandering walkways and gardens, a number of the townhomes will connect directly to the community&rsquo;s central park and pool recreation areas.

[smartcode_project:default project_id=95316 project_image_fid=201989]

Also available is a select number of marina berths that provide bridge free access to the Gold Coast&rsquo;s aquatic playground of island waterways and the Broadwater, with access exclusive to the residents.

The latest development adds to the company&rsquo;s portfolio of projects at Hope Island, totalling more than $500 million over the last three years, with 35 Grant Avenue set to build on the company&rsquo;s three previous successful projects.

[smartcode_project_cta: project_id=95316]

Over 90 per cent of the total 58 townhouses and duplex villas have already been sold, achieving over $53 million in sales to date, with just five residences remaining – including two waterfront villas.



Aniko Group fast track construction of 35 Grant Avenue as Hope Island project edges closer to sell-out

The biggest Main Beach apartment development in three decades is being fast-tracked to the market after strong initial interest on the two-tower project.

Lagoon Main Beach, which is being developed by local Drew Group, will comprise 248 one, two and three-bedroom apartments across two towers, Sunrise and Sunset, each taking in views of either the Pacific Ocean or the hinterland.

There will be just nine premium sky homes across the two towers, and three two-level penthouses, located on Cronin Avenue, just 100 metres from the Tedder Avenue lifestyle precinct.

[smartcode_project:default project_id=108747 project_image_fid=190743]

The $390 million project comes with a high-end range of amenities designed to compliment the coastal way of life, including a pool oasis with private cabanas, indoor and outdoor lounges, fitness centre, yoga deck, surfboard storage, business hub and heated spa.

Construction is expected to commence on the approved development later this year, with completion slated for mid-2025.

[smartcode_project:default project_id=108747 project_image_fid=191661]

Drew Group have recently opened their most recent project, Palm Beach Avenue (PBA), a vibrant new luxury dining experience grounding Drew Group&rsquo;s just-completed Village development on the corner of Palm Beach Avenue and Gold Coast Highway.

PBA is the mastery of award-winning restaurateur and chef Daniel Ridgeway and his wife Ruggie who are behind two beloved Gold Coast establishments - Little Truffle and BiN 232 Pacific Fair.

Jonathan Drew, who heads up the family-run Drew Group, says the completed residential and dining precinct has provided a refreshed feel to central Palm Beach.

&ldquo;We are immensely proud of what we have delivered to Palm Beach. It&rsquo;s a great asset for not only residents, but the broader community as we work to transform Palm Beach into a luxury dining and holidaying precinct,&rdquo;&nbsp;Drew said.

[smartcode_project:default project_id=108747 project_image_fid=193255]

&ldquo;We are particularly delighted to have Daniel and Ruggie delivering a sensational restaurant on the ground floor. PBA is the standard of dining Palm Beach has been craving for some time and we look forward to hosting one of the Gold Coast&rsquo;s top tier establishments for years to come.&rdquo;

Construction on Village wrapped in March, a collection of 72 one, two and three-bedroom apartments and three beach houses&nbsp;fronting Jefferson Lane.

Already the development has welcomed a significant uplift in value, with the latest re-sale of a two-bedroom apartment showing a $600,000 price rise in just a matter of months.

The two-bed, two-bath unit at Village originally sold for $1,008,000 off the plan last year before being resold at auction in May this year for $1,680,000.

Jayde Pezet, Director of Pezet Matheson, says the significant uplift in re-sale value&nbsp;underpins the continued strength of demand in the Palm Beach market.

&ldquo;Drew Group has a very sound understanding of market principles and a strategic focus on delivering projects which offer continued value to purchasers, long into the future,&quot;&nbsp;Pezet says.

[smartcode_project_cta: project_id=108747]

Construction is expected to commence on the approved development later this year, with completion slated for mid-2025

Lagoon Main Beach apartments fast tracked after strong interest

Leading private Brisbane developer, Consolidated Properties Group, in joint venture with the Qualitas Real Estate Opportunity Fund 2, has&nbsp;received approval for Monarch Residences, a $375 million development of the last significant riverfront parcel of land at Toowong in Brisbane.

The&nbsp;development of 600 Coronation Drive will see two 15-level towers built among three acres of riverfront gardens with around 130 metres of direct river frontage.

The development approval allows for a third 15-level tower to be built on the site, however it is expected that this third tower will not proceed to make way for the Toowong to West End Green Bridge in the future.

The two Monarch Residences towers will include 233 apartments that will be launched to market in Spring this year. There will be a mix of&nbsp;one, two, three&nbsp;and four bedroom skyhomes, river villas and penthouses. The Monarch Residences are priced from $550,000 for the one-bedroom apartments through to $8 million-plus for the penthouses.

Monarch Residences have been designed to maximise views across the Brisbane River and the city. AIA Gold Medal award-winning architect John Wardle Architects (JWA) has designed the development with support from local Brisbane architects Cottee Parker Associates.

Consolidated Properties Group Chairman Don O’Rorke said Monarch Residences will become the signature address in Brisbane’s inner west.

“Monarch Residences will set a new standard in apartment living in Toowong with its premium location and unsurpassed quality and style," O'Rorke said.

“Monarch Residences is an outstanding offer and will be unique for the area with its extensive gardens which run to the river’s edge. It will become renowned in the local area, and we look forward to working with Hutchinson Builders to get it started.”

Monarch Residences site is rich in history, with the local community awaiting its development. It will provide a significant uplift for the local Toowong community as the development approval includes an extension of the Bicentennial Bikeway, a riverfront park and the restoration of the Heritage listed Middenbury House. Upon completion, Middenbury House will be accessible to the public for the first time since it was built in 1865. Its refurbishment will include a conversion into a café and restaurant.

Consolidated Properties Group and Qualitas Group purchased 600 Coronation Drive for $35.5 million from Sunland in March 2022. The site has been vacant since 2006 when the ABC decommissioned their operations.

Consolidated Properties Group Head of Residential James MacGinley said 85 per cent&nbsp;of those registered so far have been locals.

"Feedback on the apartment design from these locals have reaffirmed the deliberate approach we’ve taken to enlarge living areas and balconies to embrace Queensland living,"&nbsp;MacGinley said.

The development of 600 Coronation Drive will see two 15-level towers built among three acres of riverfront gardens with around 130 metres of direct river frontage.



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