<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 and five-bedroom 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?

The Abedian family are back in the property development game.

Soheil Abedian, founder of the prominent Queensland developer Sunland Group, which has been shedding its property assets in recent years with a view to wind-down operations, has filed plans for an owner-occupier focused apartment tower on its recently secured&nbsp;Mermaid Beach site.

The amalgamated site at 35-41 Peerless Avenue is located&nbsp;less than 400 metres from Sunland&#39;s nearby luxury tower 272 Hedges which is nearing completion, and is next door to the recently completed Bela by Mosaic Property.

Abedian has had Spatium Architects draw up plans for the development, another focused on the owner-occupier, with the majority of the 124 metre high tower dominated by three-bedroom apartments.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="" height="974" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-22_at_3.40.01_am.png" width="1726" /></a>

There will be 103 apartments in total, 44 two-beds which start at a generous 117 sqm internal living space and a further 11 sqm balcony.

Some 64 three-bed apartments are planned, which will start from nearly 200 sqm internally and have nearly 20 sqm balcony space. The sub-penthouse three-beds will span half a floor.

There will be a sole four-bedroom apartment, the sprawling rooftop penthouse, which will span over 400 sqm of living space and a further 280 sqm of outdoor area which will feature its own lawn.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="" height="986" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-22_at_3.39.49_am.png" width="1728" /></a>

Spatium Architects said in their design statement submitted to the Gold Coast City Council that the amalgamation of four&nbsp;properties in Peerless Avenue presents an opportunity for a significant tall residential building, defining the southern boundary of the high density residential zone in Broadbeach.

&quot;The site has high visual exposure from the Gold Coast Highway and Hedges Avenue, and from a distance will become the landmark building along the southern high rise fringe,&quot; the statement noted.

&quot;The vision for this development is simple in the desire to create a carefully crafted residential project which not only provides a beautiful living environment for the residents, but also pays respect to the community in the way it integrates with its street context and the city skyline.&quot;

They said that all apartments are generously sized to provide genuinely liveable spaces and that the unit mix, rather than being focused solely on high income earners, provides well designed homes for a large cross section of the community in the form of two, three and four-bedroom apartments.

All apartments include study areas to accommodate the continuing work from home&nbsp;trend.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="" height="986" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-22_at_3.39.44_am.png" width="1726" /></a>

The landscaped recreational facilities deck is located on the elevated podium. That will feature a 25 metre lap pool with lagoon and an inpool spa and surrounded by poolside garden pods. There&#39;s a garden barbecue terrace with lounge seating areas, a gym with both a yoga room and a yoga lawn, two saunas and a stream room.

There&#39;s further work from home space in the form of a lounge with library and meeting room. Set privately away from the pool is a private bar and dining room with a green roof, which can be booked out by residents.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="" height="906" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-22_at_3.51.13_am.png" width="908" /></a>

It was announced in 2020 that the Sunland Group would start winding down its operations, with a view to being out of the property game in three to five years.

They sold their redevelopment opportunity in Coolangatta, the Greenmount Resort, as well as its retail development precinct The Lanes in Mermaid Waters&nbsp;and a prime site on Hedges Avenue.

Soheil Abedian has filed plans for an owner-occupier focused apartment tower on its recently secured Mermaid Beach amalgamation



Exclusive: Sunland's Abedian family back with Mermaid Beach apartment tower

Hedges Avenue is one of the most exclusive strips of real estate in Queensland, and among the top in the whole of Australia.

Only a handful of homes sit on the two&nbsp;kilometre strip in Mermaid Beach, just south of Broadbeach.

The last five houses have sold for a total of nearly $70 million, with two of the sales securing over $20 million each.

The beachfront is naturally the most sought-after, however the non-beach side blocks are still just a stone's throw from the sand.

There's been little to no opportunity for buyers on Hedges for anything between an apartment or a house. Sunland recently wrapped up 272 Hedges Avenue, the owner-occupier targeted tower with three and four-bed apartments.

The local developer <a href="/developers/sandbox-properties">Sandbox Properties</a>, well known for their high-end boutique townhouse developments in some of the Gold Coast's best pockets, have put together a site on Hedges Avenue and have recently launched 200 Hedges, a rare opportunity to secure a slice of&nbsp;the exclusive dress circle.

[smartcode_project:default project_id=112850 project_image_fid=201327]

200 Hedges has five four-level Ocean Houses, each with four bedrooms, configured to act as a three bedroom home and a one-bedroom, self-contained apartment.

The villas, serviced by an internal lift,&nbsp;will have two living areas, the main meeting the entertainer's kitchen which includes a built-in, glass feature wine cellar, walk in pantry, integrated Miele appliances, and designer tapware.

Each are crowned by a serviced rooftop terrace complete with ocean views. Every villa also comes with its own private pool and pool house, a built-in home office, and parking for two cars.

[smartcode_project:default project_id=112850 project_image_fid=201329]

Sandbox Director Jack Tarrant said they are all about location when it comes to development.

"We're very selective when it comes to choosing sites," Tarrant says, adding that it's all about the lifestyle for the end user.

Tarrant says most of the enquiry on 200 Hedges so far has been from locals moving along Hedges, some of which who are concerned about the oceanway.&nbsp;

[smartcode_project:default project_id=112850 project_image_fid=201332]

"We're offering a low maintenance product, considerably lower maintenance than the huge mansions opposite," Tarrant says.

Sandbox have a number of luxury projects currently on the market, including Marlowe and Marella at Runaway Bay, right on the canal front.

[smartcode_project_cta:default project_id=112850]

200 Hedges has five four-level Ocean Houses, each with four bedrooms, configured to act as a three bedroom home and a one-bedroom, self-contained apartment

200 Hedges: The rare luxury villas on Queensland's best street

<h2>EXPERT OBSERVER</h2>

The SEQ story is a very strong one.

The region should remain resilient to higher interest rates because of its relative affordability, high population growth, constrained supply, accelerating interstate and overseas migration, rising rents and low vacancy rates, and the Olympic program.

<h2>1. A Booming Population</h2>

With a population of around 3.8&nbsp;million, the SEQ region is set to grow by another 1.65&nbsp;million by 2041.

Brisbane, Gold Coast and the Sunshine Coast account for 70% of net interstate migration to Queensland which is&nbsp;currently at a 15 year high and far exceeds every other state in Australia.

<img alt="" height="936" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.51.03_pm.png" width="1334" /> 
East coast capital city net interstate migration. Source: ABS

<h2>2. Significant Infrastructure Investment</h2>

The total infrastructure pipeline for Brisbane, Gold Coast and Sunshine Coast is currently $75+ billion&nbsp;&ndash; the greatest concentrated infrastructure boom SEQ has experienced.

[smartcode_project:default project_id=112349 project_image_fid=199469]

The recently finalised SEQ &ldquo;City Deal&rdquo; is the largest in the nation and is estimated to be worth $58 billion to the local economy. Furthermore, confirmation that Brisbane will host the 2032 Olympics will sure up and boost this pipeline substantially.

<h2>3. Strong Base Fundamentals</h2>

Economic and employment growth, relative affordability, low vacancy rates, superior rental yields and declining supply validate the SEQ investment story.

<img alt="" height="764" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.48.40_pm.png" width="1338" /> 
South east Queensland economic growth. Source: ID Community

<img alt="" height="834" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.51.54_pm.png" width="1286" /> 
&nbsp;

South east Queensland employment growth. Source: ID Community

In Brisbane, it will take 6.2 times the average wage to pay off a dwelling. Comparatively in Melbourne and Sydney, it will take 8.3 and 9.5 times the average wage respectively (source: ANZ)

<img alt="" height="788" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.53.56_pm.png" width="1300" /> 
Average dwelling price to income ratio. Source: ANZ

<h2>4. An Impeding Product Under-Supply</h2>

Rental vacancy rates are one of the best lead indicators of the underlying demand/supply balance in residential property markets.&nbsp;Vacancy rates across SEQ have been progressively declining since 2016, and now sit at all-time lows.

They have remained consistently below those in Melbourne and Sydney for a number of years. At 0.6%, the current vacancy rate across SEQ represents an extremely tight and undersupplied rental market.

[smartcode_project:default project_id=112349 project_image_fid=199468]

As a consequence of such consistently and comparatively low levels of vacancy, yearly rental growth across SEQ has been considerably stronger than that which has been experienced in Melbourne and Sydney.

Furthermore, this growth has ensured sustained SEQ rental yields of 5%, significantly higher than those being achieved in Sydney and Melbourne which both sit at near-record lows of 3.7%.

[smartcode_project:default project_id=112349 project_image_fid=199473]

Based on historical demand and likely anticipated supply,&nbsp;SEQ will experience a shortfall of more than 16,500 new apartments over the next four years.

<img alt="" height="914" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.58.07_pm.png" width="1304" /> 
&nbsp;

SEQ potential apartment settlements. Source: CoreLogic, JLL, Place Advisory, PriceFinder.

<h2>5. Strongest Performing Market this Cycle</h2>

The last true SEQ growth cycle occurred between 2001 and 2004. During this period, the region outperformed the southern capitals just as it had during previous peak growth phases.

History shows that in the context of market cycles a period of&nbsp;SEQ outperformance is well overdue and that the current growth cycle likely has much further to run (see diagram below).

<img alt="" height="632" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.59.36_pm.png" width="1450" /> 
SEQ yearly increase in average house price. Source: Pricefinder

Michael Zaghini is the Head of Research at Mosaic Property Group

South East Queensland boasts a powerful combination of having a thriving world-class capital city, an enviable lifestyle, stunning beaches, record infrastructure investment, strong employment growth, and a high level of housing affordability

Five reasons SEQ property will continue to outperform other regions: Mosaic Property

For their debut Gold Coast apartment project, the prominent Brisbane developer, Siera Group, wanted to pay homage to Chevron Island's emerging arts and cultural precinct.

Their development, Tapestry, inspired by HOTA and designed to be a ‘home amongst the art’, will feature an instillation created by a local artist, to pay respects to the Gold Coast’s emerging arts and cultural precinct.

The works, which hang proudly in the onsite Darrambal Street display suite, have been created by the internationally recognised, Burleigh Heads artist Tania Blanchard, who is well known for her impasto style.

[smartcode_project:default project_id=108641 project_image_fid=199340]

Blanchard says&nbsp;her instillation for Tapestry represents Chevron’s growing art culture and great sense of local community.

“An authentic Tapestry symbolises the connection of a community moving through life, almost like a river flowing into the ocean,” Blanchard said.

“The ideology behind my artwork draws on this sense of individuals coming together to form a community, which in this case, are the Tapestry residents.

[smartcode_project:default project_id=108641 project_image_fid=192961]

“Each resident at Tapestry can imagine themselves as one of those paint strokes in the painting. As an individual they’re all unique, but when they come together it makes a beautiful piece of art,” Blanchard added.

When the project is complete, the art will hang in the lobby entry to the 22-level tower just a stones throw from Surfers Paradise.

Tapestry on Chevron is the first development on the Gold Coast to employ such a commitment to capturing the neighbourhood's artistic flair.

[smartcode_project:default project_id=108641 project_image_fid=192972]

Siera Group founder, Brent Thompson says part of his vision was to collaborate with a talented local artist, who could use their artistic talent to create a story for Tapestry that would make future residents feel a part of the project all whilst paying respect to the work being done at the neighbouring HOTA.

“Something that was really important to us when creating Tapestry, was paying tribute to what the city of Gold Coast has done with HOTA and the emerging arts precinct,” Thompson said.

“We believe Tania’s artwork will very much link HOTA and the emerging cultural precinct as well as the vibrant and tight-knit community that can be seen and felt throughout the high street.

[smartcode_project:default project_id=108641 project_image_fid=192960]

“We engaged Tania to create this unique piece of art that provides a visual representation of the interwoven connection between community, river, hinterland, and beach.

“Tania has her own distinctive signature style that we felt best captured our vision for the project and, when hung in the lobby, would add to the sense of place for our future residents who call Tapestry home.”

Tania has created and developed her own signature style, which from a distance looks like a minimalistic, impressionistic scene. However, with closer inspection an immense layering of coloured impasto can be seen.

[smartcode_project_cta: project_id=108641]

Brisbane based Siera Group has appointed a Gold Coast artist to encapsulate the city’s vibrant culture and arts scene through displaying a commissioned piece of artwork in the lobby of their latest development, Tapestry.



How Siera Group are paying homage to the Gold Coast's art scene with Tapestry, Chevron Island apartments

Owner-occupiers have flocked to Ventura Residences, the new Mermaid Beach development by the longstanding Gold Coast apartment development family, Niecon Developments.

All of the two-bedroom apartments in the Ventura Road development of 47 apartments have already sold, with only a few three-bedroom apartments left.

[smartcode_project:default project_id=108737 project_image_fid=199485]

The project&#39;s unique offering of a three-bedroom apartment is a rarity for&nbsp;Mermaid Beach,&nbsp;with each residence&nbsp;complete with two-bathrooms and one or two car spaces.&nbsp;

Ventura Residences&#39; is also home to a limited collection of two bespoke, architecturally refined Beachside Villa Residences, with just two park-fronting villas remaining.&nbsp;

The private and exclusive house-sized, multi-storey villas enjoy all the amenities of apartment living.

Both villas benefit from an internal passenger elevator,&nbsp;a gourmet kitchen with upgraded Obsidian black glass wall-mounted Miele appliances,&nbsp;butler&rsquo;s pantry;,open-plan living, dining and entertainer&rsquo;s patio,&nbsp;oversized master bedroom suite with walk-in robes, abundant storage and a separate guest retreat.

[smartcode_project:default project_id=108737 project_image_fid=199489]

Villa One is an expansive two-storey, four-bedroom Villa with direct Mermaid Park pedestrian access through a private security gate and a double-car garage on the title with remote entry and direct access into the Villa.

Villa Two, set three-storeys, has three-bedrooms, each of them ensuited, and a private rooftop terrace with Southern Gold Coast and Ocean views; the Villas also features a large open study in addition to direct access to the level five&nbsp;amenities through a secure gate.

Ventura Residences will also home a suite of residential amenity,&nbsp;including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, al fresco dining area, Zen garden and functional gymnasium&nbsp;located on level five.

With the project scheduled for completion in May next year, Niecon Developments is currently preparing to announce further projects across the city.

[smartcode_project:default project_id=108737 project_image_fid=199479]

The group has a suite of completed and upcoming projects to the tune of $2.08&nbsp;billion.

In addition to The Oracle, a development that led the renaissance of Broadbeach, the company is also behind the award-winning Aruba Beach Resort at Broadbeach, Aqua on Broadwater at Labrador, Reflection on the Sea at Coolangatta and Nirvana by the Sea at Kirra.

[smartcode_project_cta: project_id=108737]

The project's unique offering of a three-bedroom apartment is a rarity for Mermaid Beach, with each residence complete with two-bathrooms and one or two car spaces. 



Owner-occupiers snap up apartments in Niecon's Mermaid Beach apartment development, Ventura Residences

Queensland locals, Niecon Developments, who&rsquo;ve played a part in reshaping the Gold Coast skyline over the past four decades, is gearing up for a new era of growth with a pipeline of projects worth almost $300 million.

The company, founded by the Nikiforides family, is behind some of the Gold Coast&rsquo;s most prominent developments, including the $850 million The Oracle and Niecon Plaza at Broadbeach.

Now led by the third generation of the Nikiforides family - William, John and James &ndash; Niecon is preparing for what the brothers say is a golden age for Australia&rsquo;s lifestyle capital as the South-East Queensland region counts down to the 2032 Olympics.

[smartcode_project:default project_id=108737 project_image_fid=192202]

Niecon Managing Director, William Nikiforides, said the company&rsquo;s vision is aligned with the significant transformation for the Gold Coast the next decade will bring, led by the infrastructure boom planned for the Games.

&ldquo;The Gold Coast is a city that embraces change and that has been a constant for as long as we can remember,&rdquo; Nikiforides said.

&ldquo;But as we continue to grow, we need to ensure that the Gold Coast remains a strong and welcoming community and a place where people love to live.

&ldquo;The next decade is likely to be the most significant in the Gold Coast&rsquo;s history and one that will shape the city&rsquo;s future for decades to come.&rdquo;

Amid the current Gold Coast development boom, the group has taken a considered approach to new projects, that they believe will make a positive contribution to the city&rsquo;s urban and social fabric.

[smartcode_project:default project_id=108737 project_image_fid=192203]

The latest is Ventura Residences at Mermaid Beach, a boutique development of 47 premium residences, including two double-storey park-facing villas.

Owner-occupiers have been the most interest on the development so far. They&#39;ve been keen on the&nbsp;exclusive residential amenity, including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, alfresco dining area, Zen garden and gym.

With the project scheduled for completion in May next year, Niecon is currently preparing to announce further projects across the city.

&ldquo;As a family company, we stand proud on our record of creating architectural gems that have become Gold Coast landmarks, and my brothers and I are looking forward to continuing the tradition that began with our grandfather and father,&rdquo; Nikiforides added.

&ldquo;Together we&rsquo;ve grown up in the industry and learned from some of the best, and it&rsquo;s our passion to build on their legacy.

[smartcode_project:default project_id=108737 project_image_fid=192210]

&ldquo;We have never been here for the one and done. We are here for the long term and, to truly be part of something bigger, we believe there is more to this industry than just delivering quality projects. Our mission is to create life spaces that bring a community together.&rdquo;

The Nikiforides Group was founded in Canberra in 1969 by Bill Nikiforides, before expanding to Sydney and later along Australia&rsquo;s eastern seaboard. The family-owned company moved to the Gold Coast in 1978 and quickly established a reputation for quality and innovation across its developments in Queensland&rsquo;s south-east.

The group&rsquo;s flagship property development company, Niecon Developments, which was founded by his son Con Nikiforides and jointly run by the father and son team, won numerous industry awards for construction, design and engineering excellence and continues to be at the forefront of developing the ultimate life spaces.

[smartcode_project:default project_id=108737 project_image_fid=192205]

In addition to The Oracle, a development that led the renaissance of Broadbeach, the company is also behind the award-winning Aruba Beach Resort at Broadbeach, Aqua on Broadwater at Labrador, Reflection on the Sea at Coolangatta and Nirvana by the Sea at Kirra.

The new generation of Nikiforides, who are born-and-bred Gold Coasters, bring an extensive range of skills to Niecon Developments as the company prepares to deliver an extensive profile of commercial and residential projects in coming years.

&ldquo;We&rsquo;re on the cusp of a new golden era for the Gold Coast that we believe needs to be managed thoughtfully,&rdquo; Nikiforides added.

&ldquo;At Niecon, this always starts with community, family and a deep level of consideration and connection to people and place. As a developer, we endeavour to go beyond architectural form and function and that&rsquo;s what will continue to drive us into the future.&rdquo;

[smartcode_project_cta: project_id=108737]

The company, founded by the Nikiforides family, is behind some of the Gold Coast’s most prominent developments, including the $850 million The Oracle and Niecon Plaza at Broadbeach.



Niecon Developments stack up $300 million Gold Coast apartment development pipeline

The Whitsunday Lakes Trust, $350 million Shute Harbour development has been inundated with enquires, amassing a whopping 520 expressions of interest in just four weeks following its national launch to market.

As the Whitsunday&rsquo;s first major resort development in over a decade, the stage one release has been met by a swarm of interested buyers, eager to put their name to one of the 58 land and berth packages in one of the most sought-after sailing locations across the world.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="768" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_terrace_house_render_v3.jpg" width="1200" /></a> 
Render of the proposed Shute Harbour Marine precinct development in the Whitsundays Lakes Estate. Image supplied.

Rob Taylor of Taylors Property Group said the latest wave of interest has come off the back of the Sanctuary Cove Boat show which accounted for 10 per cent of the enquiries to date, with the vast majority coming from boating enthusiasts who recognised the value of large-scale berths in the Whitsundays region.

&ldquo;The immediate market response to the resort has been incredible. We knew we had something special on our hands here, but we have been simply inundated with genuine interest &ndash; it&rsquo;s been a whirlwind,&rdquo; said Taylor.

&ldquo;We&rsquo;re already in the process of converting many of these enquiries into contracts for our future Shute Harbour Marina Resort residents.

&ldquo;Many of these buyers have been long awaiting a marina project of this calibre to arrive in the area. Large scale berths are difficult to secure along the coast right now &ndash; all nearby marinas are close to capacity for the forthcoming season.&rdquo;

Once complete, the Shute Harbour Marina Resort will encompass a 395-berth marina with individual berths ranging from 10-metres to 30-metres on a 99-year lease, in addition to private berths ranging from 25-metres to 45-metres.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v1-4_0.jpg" width="1200" /></a> 
Render of the proposed Shute Harbour development in the Whitsundays Lakes Estate. Image supplied.

The project will also deliver a 100-plus room hotel resort, with function and meeting rooms, bars, restaurants, a swimming pool, and undercover parking, along with 58 freehold land allotments, and 100 managed apartments with resort club facilities.

The free-hold residential waterfront sites cover 440 sqm and are earmarked for two- and three-storey design concepts.

According to Taylor, the enquiries have come from a broad demographic of parties, including veteran boating enthusiast, first-time boat owners, and future retirees.

&ldquo;We&rsquo;re seeing the project timeline align with those buyers looking to lay the foundations for future plans two to three years down the line &ndash; whether that&rsquo;s retirement, or the eventual purchase of a larger boat,&rdquo; he said.

The land and berth packages have arrived to a market limited in supply for waterfront lots. With just 28 vacant residential waterfront lots currently available in the area, almost half of these are not located within or close to a marina development.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waterfront_homes_interior.jpg" width="1200" /></a> 
Render of a proposed waterfront home interior. Image supplied.&nbsp;

&ldquo;Although the property market in the Whitsundays has increased about 20 per cent over the past 12 months, units are still about 25 per cent below their 2007 peak and land is only just matching the levels of 15 years ago,&rdquo; added Taylor.

Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete with construction targeted to commence in 12 months.

Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes.

[smartcode_project_cta: project_id=28292]

The first Whitsunday’s development in over a decade, Shute Harbour inundated with inquiries following launch to market

Has the demand for huge apartments weakened on the Gold Coast?

The latest development application by the national development firm Gallery Group suggests so.

They took their Chalk, Surf Parade apartment development to the market earlier this year, offering huge apartments starting at nearly 250 sqm. There were 99 apartments being offered in the 35-level&nbsp;tower.

<a href="/new-apartments/203-surf-parade-surfers-paradise-qld-4217"><img alt="" height="1190" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-14_at_11.35.22_am.png" width="1176" /></a> 
The new designs by Raunik Design. Image credit: Raunik Design

But now new plans has seen Gallery Group change the mix, and lob off 15 levels to the Surfers Paradise project. Raunik Design has made the amends to the tower, which will now be just 20 levels, and offer 71 apartments, a mix of two and three-bedroom product.

And that is now weighted heavily toward the two-bedroom apartments. There will now be 65 two-bedders and just six three-bedroom apartments, which will be spread across the top two levels.

[smartcode_project:default project_id=108363 project_image_fid=192288]

The move to greater space in apartments has been one of the by-products of the global pandemic, driven by a rise in owner-occupiers flocking to the Gold Coast&rsquo;s best locations as the working-from-home movement continues.

There&#39;s still residential amenity in the shape of a swimming pool and gym on level two, as well as a rooftop with barbecues and alfresco areas.

Back in March when the old plans for Chalk were given the green light by the Gold Coast City Council, Gallery Group Chief Executive Adam Barclay said the apartments needed to reach beyond the current offerings in the Gold Coast market, focussing&nbsp;on creating larger apartments with well-designed internal layouts connecting seamlessly to spacious outdoor areas.

[smartcode_project:default project_id=108363 project_image_fid=192287]

&ldquo;The result is a building that achieves new heights in terms of internal finishes, maximising view corridors and providing high quality recreational space in different parts of the building,&rdquo; he said.

Gallery Group has&nbsp;offices in Melbourne, Sydney, Brisbane and the Gold Coast and has&nbsp;sold over 2000 residences since their inception in 2011, with $1.7 billion in works already completed.

[smartcode_project_cta: project_id=108363]

The plans for Chalk have been reworked and finessed across the planning period, with a 21-level, 71 apartment tower now proposed.

Gallery Group drop size and scale of Chalk, Surfers Paradise apartments

Following the successful stage one launch of its $800 million Broadbeach dual tower mega-development, Victoria &amp; Albert Broadbeach, developer Iris Capital has released the second and final collection of apartments in its mixed-use development.

Spurred by strong sales in the project&rsquo;s preliminary release of apartments in its Victoria tower, Iris&nbsp;has fast-tracked the launch of its sister-tower, Albert Residences, to meet growing demand for apartments on the Gold Coast.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184935]

Albert Residences will feature 121 oversized apartments with its own private amenity, separate from the Victoria offering,&nbsp;including a 25-metre heated lap pool, spa, lounge, wine cellar, gym, zen garden, steam and sauna rooms, fire pit and yoga studio, all across the level four floorplate. &nbsp;

The entire level 40 rooftop enjoys private dining space and a chef&rsquo;s kitchen, along with indoor and outdoor barbecue areas, an extensive sky lounge, cellar, cards room, library, as well as multiple indoor and outdoor entertaining areas.

[smartcode_project:default project_id=107928 project_image_fid=198887]

While the neighbouring Victoria Residences were designed primarily to cater to a lifestyle residence market, Albert is dedicated exclusively for the owner-occupier to gain a foothold in the rapidly transforming cosmopolitan heart of the Gold Coast.

Interstate buyers have led the charge on the V&amp;A apartments to date, however Residential director of Colliers Gold Coast, David Higgins said they were anticipating an influx of local interest in the owner-occupier collection in the newly released Albert Residences.

&ldquo;Strong enquiry and sales have been driven predominantly by end-users and lock and leave buyers out of NSW and Victoria, attracted to the prime location and world class amenity on offer,&rdquo; he said.

[smartcode_project:default project_id=107928 project_image_fid=198886]

&ldquo;Given the severe lack of new apartment product across the Gold Coast, we anticipate Albert will be met with fierce interest by local buyers who recognise the value and scarcity of quality apartment stock at the moment.&rdquo;

Albert will comprise a mix of two and three-bedroom apartments, along with upper residences available in three-bedroom-plus-MPR and four-bedroom configurations.

&ldquo;The strength of V&amp;A&rsquo;s launch is a testament to the development&rsquo;s ability to complement the lifestyle and convenience of its location in the heart of Gold Coast&rsquo;s cosmopolitan centre, and the enduring strength of the Gold Coast market,&rdquo; said Higgins.

[smartcode_project:default project_id=107928 project_image_fid=198888]

The dual tower mega-development will deliver two individually crafted towers across 56-storeys in Victoria and 40-storeys in Albert, in addition to an activated ground-plane with high-end retail, dining, and commercial office space.

[smartcode_project_cta: project_id=107928]

Iris has fast-tracked the launch of its sister-tower, Albert Residences, to meet growing demand for apartments on the Gold Coast


Iris Capital launch second tower in V&A Broadbeach, with critical timing to a growing stock shortage 

The wave of low-rise apartment developments in the best pockets in Mermaid Beach is continuing.

The new plans are on the exclusive Albatross Avenue, the beachside strip just south of&nbsp;Hedges Avenue, dubbed the millionaire&#39;s row of Mermaid Beach. Albatross is still revered, considered the next best street in the small Gold Coast enclave.

The latest plans has been filed by a company co-directed by Alroe Constructions&#39; Tye Alroe, who is seeking to create a four-level, eight-apartment project at 120-122 Albatross Avenue.

<a href="/new-apartments/120-122-albatross-avenue-mermaid-beach"><img alt="" height="602" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-14_at_9.20.40_am.png" width="1118" /></a> 
Render of the proposed development at 120-122 Albatross Ave, Mermaid Beach.&nbsp;

There will be just two apartments per floor.

The design statement from Impact Design the two per floor villas will&nbsp;provide a high standard of liveability and generate an appropriate scale in the developing context.

&ldquo;The villas provided are large liveable dwellings that can cater for families and focus on maximising natural ventilation and natural light,&rdquo;

Each villa will feature open plan living arrangements with dining, living and kitchens opening onto generous outdoor living spaces.

The three-bedroom villas all consist of two-and-a-half bathrooms, with villas three to eight also including an additional multi-purpose area.

<a href="/new-apartments/120-122-albatross-avenue-mermaid-beach"><img alt="" height="612" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-14_at_9.20.35_am.png" width="1102" /></a> 
Render of the proposed development at 120-122 Albatross Ave, Mermaid Beach.

Villas one and two feature plunge pools with private gardens and landscaping at the ground level, whilst both villas seven and eight have access to private roof terraces that home barbecue facilities, raised plunge pools and landscaped planter boxes.

Architecturally, the design is contemporary and minimal. Lending itself to the beachside locality, the building is characterised by white feature walls, timber look cladding, natural timber look screens, raw stone and a natural tonal palette.

&quot;The architectural language is contemporary and minimal with a beachside tone,&quot; the statement added.

<a href="/new-apartments/120-122-albatross-avenue-mermaid-beach"><img alt="" height="596" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-14_at_9.19.47_am.png" width="1062" /></a> 
Aerial shot of the proposed site at 120-122 Albatross Ave, Mermaid Beach.&nbsp;

The sweeping curves of the built form pay homage to the nearby beach, complemented by fixed batten screens giving depth to the fa&ccedil;ade, along with privacy from the street and neighbours.

Located between the Nobby Beach cafe and restaurant precinct and the Broadbeach shopping and restaurant precinct, residents benefit from a long list of amenity, just steps from the 810 sqm site.&nbsp;&nbsp;

[smartcode_project_cta: project_id=113112]

The design statement from Impact Design the two per floor villas will provide a high standard of liveability and generate an appropriate scale in the developing context

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