<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.

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The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

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The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

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Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

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

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

Ellen Walker

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

Karam Boutique Residential has lodged plans with the Sunshine Coast Council for a seven-storey residential apartment building.

Landing on the corner of Canberra Terrace and Arthur Street, the site spans 3,284 sqm, with the proposed built form fanning out from the podium level.

TMarshall are behind the design of the apartments, which comprise 24 three-bedroom apartments, along with two four-bedroom penthouses.

Four apartments will sit across each level, bar the top floor, with living, dining and kitchen space following an open-plan layout.

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Each apartment extends on to an open balcony with the outer apartments benefitting from an additional balcony overlooking the resident&rsquo;s pool, which is located behind the building.

The seventh floor will home the two penthouses, each spanning 372 sqm internally, with three balconies as well as a planter box space, which cover 99 sqm collectively.

The four-bedroom penthouses mirror one another with the floorplan, each including three-bathrooms and two car spaces.

Centrally located in Caloundra, the southern gateway to the Sunshine Coast and only an hour north of Brisbane, residents&rsquo; will be perfectly positioned in one of Queensland&rsquo;s premier lifestyle destinations.

This idyllic seaside suburb is renowned for having over 30 kilometres of pristine beaches with a plethora of foreshores and an array of parklands and coastal pathways.

Residents will benefit from direct access to Pumicestone Passage, a mecca for all types of water sports as well as being just a short drive from the picturesque Sunshine Coast Hinterland and the Glass House Mountains.

Perfectly positioned close to all amenities being just minutes from public transport, 3 minutes from Caloundra Shopping Centre and the major supermarkets and retail stores, 12 minutes from the Sunshine Coast Hospital precinct, 25 minutes from the Sunshine Coast Airport and an hours drive from Brisbane and its Domestic and International Airport.

The group have a number of other projects currently in the pipeline, including Lighthouse by Karam which sits on the same road as the newly proposed development XXX

Karam Boutique Residential lodge plans for Canberra Terrace apartments in Caloundra

Opportunity knocks for apartment buyers looking for an apartment in the heart of the Robina CBD.

GV Property Group&#39;s Antonio Mercuri and Luke Reaby, who amalgamate and sell&nbsp;sites to developers up and down the Gold Coast, have just listed a development approved site at 46 Scottsdale Drive.

&quot;This is a&nbsp;rare opportunity to secure a shovel ready development site in a prime central location of Robina targeting a large spread of buyers who desire apartment living at an affordable price point.&quot; Mercuri says.

&quot;The current owners of the site worked closely with top consultants to deliver a very efficient and desirable project suitable for this Robina location.&quot;

The future buyer is expected to go through with the development approved plans created by BDA which&nbsp;is for a seven level building with 100 apartments, rooftop and ground level amenity, and over 400 sqm of commercial space.&nbsp;

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The expansive 4,719 sqm site has 75 metre frontage to Scottsdale Drive, a prime location next to Robina&#39;s central business hub.

GV Property Group have expressions of interest until July 28.

Pezet Matheson&#39;s Todd Matheson, who has been working the vendors, John and &nbsp;Fu-Mei Hutchins who are well known for their horse breeding facility Element Hill Stud in Running Creek, believes the project will fill a gap in the Gold Coast market.

&quot;We have been working alongside the current owners of this project through the design phase to assist in providing the best type of product for the current market and the perspective purchasers for it,&quot; Matheson says.

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&quot;We are confident the project will fill a gap in the Gold Coast market, delivering a product at affordable price points.&quot;

Matheson says the site is in a highly desirable location, allowing an emphasis of walkability and accessibility to the highway, along with beautiful hinterland views.

The end value of the project, depending on finishes and the timing of the launch, could be north of $77.5 million, Matheson estimated.

Pezet Matheson's Todd Matheson believes the project will fill a gap in the Gold Coast market.



New developer to take on Robina apartment development

Koichi Takada&nbsp;is back on the Burleigh beachfront.

He&#39;s drawn up designs to the latest apartment tower to be filed with the Gold Coast City Council at 216 Esplanade, a prime spot across the road from the sand,&nbsp;and on the same strip as one of his few Gold Coast developments, SEA by prominent Burleigh Heads developer FORME.

Dubbed Palms, it will be another high-end boutique development on the beach, with just 28 half and full-floor apartments proposed across a 17-level tower.&nbsp;

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The three-bed apartments, 23 of them, will start from 205 sqm&nbsp;internally, and the five four-bedroom apartments start from 411 sqm of living space across a full floor. They will have a butler&#39;s pantry in the kitchen, a second living space/rumpus room, and high-end wine storage.

The tower will be crowned with two two-level penthouses, with the 295 sqm half floor apartments on level one, with level two set to home a huge master suite, an outdoor dining terrace with built-in barbecue kitchen, a sun deck, and a private plunge pool.

The resident amenity is located on the&nbsp;second&nbsp;level, where there will be a resort-style pool with ice bath, hot tub, two saunas, and an outdoor shower. A lounge zone will meet a barbecue space, and toward the rear of the building is a gym with an outdoor space, and a yoga studio. A three-bedroom apartment is also located on this level, with its own plunge pool in a wrap around garden.

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Takada says the development is inspired by its natural surroundings.

&quot;216 The Esplanade is designed in homage to the coastal locale, with a sculptural form evocative of ocean waves and composed of materials that reference nature and the lifestyle aspect of Burleigh Heads,&quot; Takada wrote in the design statement in the development application.

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&quot;The distinctive design of the building and its sculptural features are intended to position the building as a landmark in this visually prominent location and in turn as a catalyst to encourage higher quality development ion the adjoining area.

Takada has designed only a handful of apartment projects on the Gold Coast, all of which have been in Burleigh Heads&nbsp;and for developer FORME. Norfolk, the recently completed development by FORME and Takada,&nbsp;has won multiple awards and has become a design icon on an international level.

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Takada has designed only a handful of apartment projects on the Gold Coast, all of which have been in Burleigh Heads and for award-winning developer FORME

Koichi Takada back with new luxury Burleigh Heads apartment development

The Sydney-based property developer&nbsp;Pyco Group&nbsp;has received approval for their latest residential project&nbsp;in Brisbane&rsquo;s inner north-east.

The 47 sub-tropical townhouse project, Nouveau Albion, is the latest on the group&rsquo;s thriving list, adding to the already $130 million projects currently underway across Brisbane and Sydney.

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Render of the soon to launch Nouveau Albion apartments. Credit: Renderhouse

Having previously worked together on&nbsp;The Bailey project, DAH Architecture has again been tasked with handling the designs of the three-bedroom, double storey-residences, with the fully cross-ventilated homes revelling in split level living arrangements.

&nbsp;&ldquo;A modern take on the classic Queenslander, Nouveau represents an entirely new type of apartment living for those who value room to move&mdash;in one of the city&rsquo;s most exciting urban playgrounds,&rdquo;&nbsp;Pyco note about the project.

Pyco has a number of residential developments cropping up around the Brisbane area, including the currently under-construction West End project, The Bailey, which comprises 26 luxury boutique, two and three-bedroom apartments, with only a selection of three-bedroom residences remaining.

The group also plan to deliver another 36 residences to West End, with plans put forward to develop on a site on Vulture Street.

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[smartcode_project_cta: project_id=113348]

Nouveau Albion is the latest on the group’s thriving list, adding to the already $130 million projects currently underway across Brisbane and Sydney

Pyco Group to launch Brisbane development after Nouveau Albion townhouse approval

Hirsch &amp; Faigen&rsquo;s $200 million Yves, Mermaid Beach development is proving to be a quick hit amongst local buyers, with one of its 145 apartments snapped up by Gold Coast couple&nbsp;Mark and Renee Rooney.

Varsity Lakes local Mark Rooney&nbsp;says he and his wife based their purchase off a list of 60 different criteria, ranging from living and communal spaces to the ceiling height and interior aesthetics.

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Half of the apartments in Yves were snapped up in the first two months of marketing, unsurprisingly with locals dominating the purchasing.

For the Rooney&rsquo;s, Yves long term growth and advantages, alongside its architecturally acclaimed design, ticked all the boxes of their detailed criteria list and ultimately sealed the deal.

&ldquo;We looked at five or six other developments first and did an analysis of which one we thought provided the best short-, medium- and long-term growth and advantages for myself and my wife, and Yves proved to be most favourable in that respect,&rdquo; said Rooney.

&ldquo;The quality and pedigree of the developer, the architect and the builder were the next things we looked at and when all 60 criteria were analysed against some of the other developments, Yves undoubtedly came out on top.

[smartcode_project:default project_id=102451 project_image_fid=186074]

&ldquo;The unique and luxurious living and communal spaces throughout Yves feature uncompromising commitment to design, sustainability and usability which was also a key component in our criteria.

&ldquo;Entering back into the property market we had a list of 60 criteria we needed the development to meet, and the fact that Yves ticked all our boxes is a testament to the quality of this project.&rdquo;

Rooney said&nbsp;Yves serene beachside location further cemented his desire for the development, also citing the surrounding amenities as its major draw cards.

&ldquo;My mum has been living in this prestigious pocket of the Gold Coast for over 30 years and she absolutely loves it, so we were confident moving to the area,&rdquo; said Rooney.

[smartcode_project:default project_id=102451 project_image_fid=186076]

&ldquo;Yves central Mermaid Beach location is simply unrivalled, we have an abundance of enriching dining, shopping and entertainment precincts, as well as a pristine beach, right at our doorstep.&rdquo;

Developers, Hirsch &amp; Faigen, had previously caught the attention of the Rooney clan with their interstate projects and most recently, the Kirra Beach development of Emerson.

&ldquo;I&rsquo;m originally from Sydney and my wife is from Melbourne and Hirsch &amp; Faigen have done developments across the country, making a nationwide name for themselves,&rdquo; he said.

[smartcode_project:default project_id=102451 project_image_fid=186079]

&ldquo;After seeing theirs and Rothelowman Architects&rsquo; portfolio of projects on the Gold Coast, Sydney and Melbourne, we were really impressed, especially with Hirsch &amp; Faigen&rsquo;s distinct style,&rdquo; he added.

Upon completion, Yves will comprise a mix of&nbsp;one, two and three-bedroom designs, in addition to the premium offerings of two four-bedroom, half-floor sub-penthouses and a single full-floor penthouse.

[smartcode_project_cta: project_id=102451]

Half of the apartments in Yves were snapped up in the first two months of marketing, unsurprisingly with locals dominating the purchasing.



Why locals are buying an Yves, Mermaid Beach apartment

Lewis Land has submitted plans for the second stage of their $1.5 billion Harbour Shores precinct&nbsp;in Biggera Waters on the Gold Coast.

Cottee Parker Architects, who designed stage one, have drawn up the plans for the three 12-level&nbsp;apartment buildings, which is set to bring a further 230 apartments and villas to the masterplanned precinct.

Stage two at 564 Oxley Drive forms part of the 15.7&nbsp;hectare Greenfield waterfront site, which has a 90-metre frontage to the canal.

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"Built around a holistic haven, residents are provided connections to sky, water and landscape in a resort inspired enclave," Cottee Parker noted in their design statement submitted to the local council.

"Refined, quality architectural design - biophilic design. A building that is designed as part of the coastal fabric of Biggera waters."

Each of the towers will offer around the same number of apartments. Building 2A will have 73 one, two, three and four-bedroom apartments, 2B will have 87 apartments, but just two, three and four-bedders, and 2C will have 70 apartments, just two's and three's on offer there.

Residential amenity is provided across all three towers.

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Towers 2A and 2B will be crowned by rooftop pools and private dining areas, taking advantage of the expansive coastal and Surfers Paradise views, while 2C will have their amenity, including swimming pool, barbecue space, and private seating pods, on the ground level.

Lewis Land announced earlier this year their $1.5 billion plans for Harbour Shore, designed as an exclusive ‘Village of Villages’.&nbsp;

Matthew McCarron, Lewis Land Group Chief Executive Officer, said sustainability and community are key aspects of the masterplan, which includes a mix of apartments, waterfront villas and penthouses, and will eventually be home to more than 4,500 residents.

<img alt="" data-entity-type="" data-entity-uuid="" height="1096" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-27_at_11.02.08_am.png" width="1800" />

“We are excited to share our vision for Harbour Shores, which represents a $1.5 billion commitment by Lewis Land Group to the Gold Coast and will generate up to 5,000 jobs over the next 10 years,” McCarron said.

“We are targeting a 5-star Green Star Certified community for this development through a range of environmentally focused initiatives, including energy and water conservation and resident wellbeing programs.”

McCarron said community feedback will be important to ensure that the needs of locals are met.

“The lodgement of this development application with Gold Coast City Council is the first stage of a focused community consultation program and we welcome the opportunity to discuss our plans with residents as well businesses and community groups over the coming months,” he said.

“We are thrilled to launch this project which continues our long history of crafting iconic addresses focused on providing residents with a unique Gold Coast lifestyle.”

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Stage two at 564 Oxley Drive forms part of the 15.7 hectare Greenfield waterfront site, which has a 90-metre frontage to the canal

First look: Stage two plans for Biggera Waters Harbour Shore revealed

Habitat Development Group has turned the first sod on their $129 million mixed-use project, The Corso, the group&rsquo;s second within the new Maroochydore CBD.

Habitat Development Group Director, Cleighton Clark said The Corso was expected to follow on from the success of the group&rsquo;s first Maroochydore CBD project, Market Lane Residences, which will soon see the first residents moving into their new apartments.

&ldquo;Market Lane Residences has been an overwhelming success. It&rsquo;s sold out and its popularity flowed through to The Corso with strong enquiry and a current sales rate that sits at around 65% already,&rdquo; he said.

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Designed by Sunshine Coast-based K Architecture, tower one comprises 116 apartments including five penthouses, while tower two will home 42 apartments and&nbsp;715 sqm of ground level retail.

Residents on the northern side will benefit from views toward the Maroochy River and Picnic Point and north-east to the Ocean, while residents on the southern side will overlook the Sunshine Coast Parade, the Corso, as well as the future waterways.

[smartcode_project:default project_id=100708 project_image_fid=198824]

The project features a large resort pool on the ground floor, as well as a 600 sqm communal terrace on the fourth level&nbsp;which connects the two towers. There is also a 130 sqm dining room adjoining the terrace for the exclusive use of residents.

Clark said around 380 people would be employed on the project and that Habitat would look to source as many trades and materials as possible locally.

&ldquo;We have a commitment to supporting local trades in all our projects as much as we can,&rdquo; he said.

[smartcode_project:default project_id=100708 project_image_fid=198823]

&ldquo;We were concerned the labour shortages might affect the project given its size, but despite the labour shortages in the construction sector, it&rsquo;s been really exciting to see how many local trades are interested in being involved in this new CBD project,&quot; Clark added.

&ldquo;That means we&rsquo;ll be able to resource the project without having to go outside the Sunshine Coast, which is great news for the local economy.&quot;

As the only residential apartment building within the new&nbsp;Maroochydore&nbsp;City Centre that&#39;s currently for sale, The Corso presents a rare opportunity, with future&nbsp;buyers&nbsp;within walking distance to renowned local hospitality operator, Tony Kelly&rsquo;s bustling eateries, Market Bistro and Giddy Geisha in the Foundation Place building on Market Lane.

Completion for The Corso is&nbsp;slated for mid-2024.

[smartcode_project_cta: project_id=100708]

Designed by Sunshine Coast-based K Architecture, tower one comprises 116 apartments including five penthouses, while tower two will home 42 apartments and 715 sqm of ground level retail.



Habitat Development Group commences construction at second Maroochydore CBD apartment project

Gold Coast apartment seekers look set to have the opportunity to secure an apartment on one of the rarest sites in Burleigh Heads.

The largest private landholding on the Burleigh headland has been listed through Colliers, and is expected to sell to a residential apartment developer.

The 3,809 sqm site, across 7-9 and 16-28 Rudd Street, has been held by&nbsp;Christian Youth Council Australia since 1945, who have operated a youth camp for almost 80 years on the site, which adjoins the Burleigh Heads National Park. It&#39;s also&nbsp;a stone&rsquo;s throw away from the beach and Tallebudgera Creek and within walking distance to some of the Gold Coast&rsquo;s best caf&eacute;s, restaurants and boutique shops.

Colliers is marketing the site as a &lsquo;once in a lifetime opportunity&rsquo;.

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Colliers agent&nbsp;James Crawford says the sale of CYC Burleigh is a never to be repeated opportunity.

&ldquo;This is largest private land holding available on the Burleigh headland and without doubt, is a once in a lifetime opportunity,&rdquo; said Crawford.

&ldquo;There has been a lot of focus on Burleigh Heads as one of the leading residential destinations in Australia and this site is accordingly expected to see some incredible interest.&rdquo;

Director of Colliers, Steven King, says the CYC Burleigh site is unrivalled in size and is positioned in one of the most exclusive residential enclaves.

&ldquo;Other land holdings of a similar size and position simply do not exist on the headland, so 3,809 sqm of land in Burleigh&rsquo;s premier residential enclave is a truly special and unique offering,&rdquo; said King.

&rdquo;We anticipate the new owner will undertake some form of residential development in line with the residential and community zoning the site has.&rdquo;

&ldquo;We also expect the owner will investigate the additional 1,012 sqm of land which adjoins the site,&rdquo; King added.

The largest private landholding on the Burleigh headland, which has been held by the same owner since 1945, has been listed for sale, with the site spanning 3,809 sqm across 7-9 and 16-28 Rudd Street.



Rare Burleigh Heads site expected to become residential apartment development

Strong population growth, a fast-growing economy and more than $20 billion in infrastructure and investment ahead of the 2032 Olympic Games will continue to drive the Gold Coast property market over the next decade, according to a new report by Colliers.

With vacancies in both the commercial and residential property sectors at new lows, Colliers&rsquo; latest Gold Coast Market Overview forecasts the city will continue outperforming the rest of the country, becoming&nbsp;the epicentre of the post-COVID recovery for investors and national developers.

&nbsp;

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The Colliers report says confidence in the market is supported by the Gold Coast Metro residential vacancy rate which has halved to 0.4 per cent over the past year and is now well below Sydney Metro (1.6 per cent) and Brisbane Metro (0.7 per cent).

However, the report warns that rising costs could stall future residential developments, which could further fuel the supply and demand imbalance already impacting the market.

&ldquo;Despite the headwinds facing the residential sector nationally, the forward-looking fundamentals of the Gold Coast market are as robust as we have seen at any other time in the past two years,&rdquo; said Colliers Director, Steven King.&nbsp;

&nbsp;

[smartcode_project:default project_id=108640 project_image_fid=186593]

&ldquo;The city&rsquo;s expected population growth over the next decade will continue to drive demand for housing at a time when supply remains very tight and vacancy rates are at record lows.&rdquo;

The Colliers report reveals that the Gold Coast is on track to grow its population by 145,000 to almost 800,000 by 2032 as the region plays host the Olympic Games.

That&nbsp;means the Gold Coast will need to accommodate an average of 14,500 additional residents every year until the Games.

&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184934]

With the median price of homes on the Gold Coast at $940,000, the demand shift to apartments will increasingly fill the gap of affordability for new residents, the report finds.

The Gold Coast&rsquo;s economic dynamo is expected to drive the population and property boom over the next decade with the city&rsquo;s economic growth rate currently outpacing those of Melbourne, Sydney and Brisbane, with the Gold Coast economy doubling&nbsp;over the past 10 years to $39.24 billion, accounting&nbsp;for more than 10 per cent of the Queensland economy.

The economy is forecast to grow by 5.6 per cent in 2022, driven by a broad-based recovery of the tourism sector and significant expansion of the healthcare sector which has been the fastest-growing sector of the Gold Coast economy over the past five years.

&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=180734]

The Gold Coast has added 15,600 jobs in the 12 months to the end of March, bringing the city&rsquo;s workforce to 302,397 &ndash; or almost half its resident population of more than 643,000.

The Colliers report has highlighted $20.9 billion in public and private infrastructure spending as the catalyst for sustained growth from projects such as the Southport CBD rejuvenation ($5 billion), Gold Coast Health and Knowledge Precinct investment ($5 billion), Olympic rail infrastructure upgrade ($2.2 billion) and the stage three extension of the Gold Coast light rail ($1 billion).

&ldquo;The improved regional transport infrastructure will positively impact the scale and investment profile of the local property market, attracting capital from institutional investors,&rdquo; said King.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=189933]

&ldquo;More jobs, more people, a bigger economy, improved infrastructure and higher demand from businesses will be the key drivers of growth. Infrastructure spending for the Olympics will play a significant role in this growth, but even without this in the mix, the Gold Coast is still the best placed market for growth in Australia in the near term.&rdquo;

The Colliers report finds that lifestyle buyers continue to flock to the Gold Coast post pandemic, inspired by the &lsquo;work from home&rsquo; phenomenon.

&ldquo;Rising interest rates will have some effect on residential demand, and we&rsquo;re seeing that in Sydney and Melbourne,&rdquo; said King.

&ldquo;However, despite the gains we&rsquo;ve seen on the Gold Coast in the past two years, property affordability remains compelling to interstate buyers who are also attracted by a city that is firing on all cylinders.&rdquo;

With vacancies in both the commercial and residential property sectors at new lows, Colliers’ latest Gold Coast Market Overview forecasts the city will continue outperforming the rest of the country



$20 billion infrastructure boom to keep the Gold Coast property market firing: Colliers

The continually successful Mosaic Property Group are approaching a sell-out of their latest Gold Coast apartment project.

Just two apartments remain in the boutique Kirra block Luca, derived from the Latin name Lucas,&nbsp;meaning&nbsp;&ldquo;bringer of light&rdquo;. The three-bedroom apartments are priced from $1.64 million.

Over 90 per cent sold to Mosaic&#39;s VIP waitlist within a month. Around a quarter were repeat Mosaic purchasers, and over half were local owner-occupiers residing in the immediate area. All up over 80 per cent of the apartments sold to local owner-occupiers, a popular trend in Mosaic-developed buildings.

Mosaic Property Founder and&nbsp;Managing Director Brook Monahan says Kirra is a perfect little beach haven that offers residents the peace and tranquillity of a coastal town with the convenience of major city infrastructure.

&quot;It is ideally positioned for easy access to major centres given its proximity to the M1 Motorway via the Tugun Bypass and Gold Coast Highway, while its&nbsp;proximity to the Gold Coast International Airport also makes it attractive location for residents and visitors alike, given direct links to many overseas destinations and numerous daily flights to major Australian cities,&quot; Monahan says.

[smartcode_project:default project_id=111772 project_image_fid=199439]

&quot;Of course there&#39;s also&nbsp;World Heritage Listed National Parks and Byron Bay with its highly coveted natural appeal are also a short drive over the border into northern New South Wales.&quot;

Monahan also noted Kirra&#39;s attraction from&nbsp;an investment standpoint.

Data from PriceFinder showed&nbsp;houses sold during 2021 commanded an 81 per cent, or $693,000 premium above the wider Gold Coast.

[smartcode_project:default project_id=111772 project_image_fid=199442]

&quot;Low residential vacancy rates further underscore the appeal of the area and the comparatively limited amount of housing available to satisfy demand, Monahan added.

The current rental vacancy rate of 0.5% according to RTA, which is so low it can be considered as full occupancy.

On the name Luca, Monahan says they thought the name was apt for the collection of beautiful homes which were designed to maximise the benefits of being located in one of the most spectacular spots on the Coast.

&quot;Residences are spacious and highly considered with elevated ceilings, full-height glazing, and impeccable quality finishes,&quot; Monahan says.

[smartcode_project:default project_id=111772 project_image_fid=199438]

&quot;They have been designed to maximise ocean outlooks, with generous balconies that make the most of the idyllic subtropical living.

As part of Mosaic&rsquo;s ongoing commitment to sustainability, Luca will pursue a UDIA 6 leaf Envirodevelopment certification, with a range of initiatives set to be implemented to ensure a collection of homes that are not only visually appealing but also designed to be friendlier to the environment.

Designed by Gatehouse Architects, Luca will feature a level one recreation area which will include&nbsp;a resort-style pool, sauna, and outdoor kitchen, complete with barbecue facilities and dining areas.

Luca is Mosaic&#39;s second Coolangatta project, following the successful Elan by Mosaic, which sold out in 2019.

[smartcode_project_cta: project_id=111772]

Luca is Mosaic's second Coolangatta project, following the successful Elan by Mosaic, which sold out in 2019

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