Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

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For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

Joel Robinson

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

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The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

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Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

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Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

<a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a> has achieved two major milestones at its <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> apartment development in the sought-after southern Gold Coast.

They've almost sold 50 per cent of the Golden Four Drive building, while at the same time announcing the commencement of construction through reputable builder Greyburn Construction.

The boutique 10-storey building, with 47 two- and three-bedroom apartments, now has a mid-to-late 2028 completion date.

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The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed project is positioned just 200 metres from Bilinga Beach and brings a relatively rare apartment offering to a market that has seen limited new supply in recent years.

Residences have been designed to maximise natural light and ventilation, with open-plan interiors, generous glazing, and material palettes that reflect the surrounding coastal landscape.

Interiors incorporate engineered timber flooring, stone benchtops, and custom joinery, with layouts designed to adapt to both permanent living and lock-and-leave use.

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Rothelowman Senior Project Leader Matthew Tencate said the design approach centres on liveability and community.

“Providing curated on-site amenities and communal spaces for residents that facilitate a sense of community, liveability, and wellness,” Tencate said.

Residents will have access to a suite of private amenities including a pool, gym, sauna, and communal alfresco areas, alongside practical features such as surfboard storage and bicycle facilities.

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Centa Property Group Director Jason Yuen said the project has been designed to appeal to a range of buyers seeking flexibility in how they use their property.

“Bilinga House is designed for those who want the best of both worlds – a modern beachside escape with the flexibility to generate income when you're not there,” Yuen said.

[smartcode_project:default project_id=150037 project_image_fid=5338]

Bilinga remains one of the quieter pockets of the Gold Coast, sitting between the more established hubs of Coolangatta and Palm Beach. Its appeal has strengthened in recent years, supported by proximity to the Gold Coast Airport and the Oceanway coastal path.

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Bilinga House apartments snapped up as Greyburn commences construction

Breaking into the Sydney property market has long felt out of reach for many first home buyers, particularly as median house prices sit above $1.6 million and unit prices push beyond $900,000.

But entry points still exist in pockets of Greater Western Sydney, where pricing, government incentives, and product mix are aligning to make ownership more attainable.

Understanding where those opportunities sit, and how the numbers actually stack up, is becoming increasingly important for buyers weighing up their next move.

<h2>Work out what you can actually afford</h2>

Sydney is expensive, but it isn’t uniformly expensive. The Greater Parramatta region continues to offer comparatively accessible entry points, particularly for buyers open to alternative configurations like studios.

There's an assumption that a first home needs to be a certain size, that anything smaller than a one-bedder is a concession rather than a choice. That assumption doesn't hold up against what well-designed studios in the right location actually offer: immediate liveability, strong urban amenity, and a price point that makes the deposit target realistic rather than theoretical.

At <a href="https://www.apartments.com.au/buildings/mason-main-merrylands-249-259-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>, <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>'s multi-award winning precinct in Merrylands, studio apartments are unlike the typical studio configuration.

Starting from $498,000, the bedroom is fully enclosed, separated from the living area by a cavity sliding door, creating a genuinely private sleeping space that functions more like a one-bedroom apartment than a traditional open-plan studio.

[smartcode_project:default project_id=31751 project_image_fid=359814]

At 42 sqm internally, with an open-plan kitchen, built-in robes, modern bathroom, and separate laundry, the apartments are designed for everyday liveability rather than short-term use.

With a five per cent deposit under the Federal Government's First Home Guarantee, that equates to a deposit of around $24,200, achievable for many first home buyers without the added cost of Lenders Mortgage Insurance.

<h2>Understand the real cost of renting versus buying</h2>

For buyers weighing up the shift from renting to owning, the numbers are closer than many expect.

Here’s how the numbers stack up for a studio at Mason &amp; Main (based on a $498,000 purchase):

<ul>
	<li>Purchase price: $498,000</li>
	<li>Five per cent deposit (First Home Guarantee): ~$24,900</li>
	<li>Loan amount: ~$473,100</li>
	<li>Estimated mortgage repayment (6.29% variable, 30-year term): ~$675–$695/week*</li>
	<li>Estimated rental return: $590–$620/week*</li>
	<li>Rental yield: 6.16% - 6.47%</li>
</ul>

At this level, the gap between renting and owning is relatively narrow, particularly when factoring in long-term equity, with rental returns also making the apartments a viable option for investors.

The rental range reflects current asking rents for remaining studio stock in the development and, based on prevailing asking prices, equates to an indicative gross rental yield of up to 6.47 per cent.

For buyers seeking more internal space, Mason &amp; Main also offers a range of one-bedroom apartments from $629,000, alongside larger one-bedroom plus multipurpose room configurations priced from $680,000 - all priced under $800,000 and eligible for first home buyer incentives.

<ul>
	<li>Purchase price: $629,000</li>
	<li>20 per cent deposit: ~$125,800 (5% deposit on exchange: $31,450)</li>
	<li>Loan amount 80%: ~$503,200</li>
	<li>Estimated mortgage repayment: ~$720–$740/week*</li>
	<li>Estimated rental return: $650–$680/week*</li>
	<li>Rental yield:&nbsp;5.37% - 5.62%</li>
</ul>

One-bedroom apartments continue to present a balanced option for both owner-occupiers and investors, supported by steady rental demand across Western Sydney.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=359812]

<h2>Make sure you're across the government incentives</h2>

Government incentives continue to play a key role in reducing the upfront cost barrier.

At Mason &amp; Main, studio, one, and two-bedroom apartments are priced under $800,000, allowing eligible buyers to access a full stamp duty exemption under the NSW First Home Buyers Assistance Scheme.

On a $498,000 purchase, that represents a saving of roughly $17,900 that would otherwise need to be paid at settlement.

Combined with the First Home Guarantee, which enables purchases with as little as a five per cent deposit, the total capital required to secure a home is significantly reduced compared to traditional lending pathways.

<h2>No waiting, no uncertainty</h2>

For first home buyers who want to move sooner rather than later, Mason &amp; Main removes one of the more common pain points from the purchase process entirely. The development is already complete and move-in ready, meaning buyers can walk through the apartments, inspect the finishes, and have full certainty about what they're purchasing before signing anything.

Coronation brought in renowned architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> to design the development.&nbsp;

"The project's design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design," Woods Bagot Principal Dom Alvaro says.

[smartcode_project:default project_id=31751 project_image_fid=736]

<h2>Factor in location and lifestyle</h2>

Beyond the apartment itself, the surrounding infrastructure matters, particularly for a first purchase. Merrylands Station sits 350 metres from the development, putting the Parramatta CBD a five-minute drive away and the Sydney CBD roughly 25 minutes via the Western Line. Directly across the road is Stockland <a href="https://www.apartments.com.au/developments/merrylands-nsw-2160">Merrylands</a>, one of Greater Western Sydney's major retail centres.

At street level, Mason &amp; Main's own retail and dining precinct has more than 30 tenants trading, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. Residents also have access to a resort-style pool, a Technogym-equipped gym, private dining rooms, and a rooftop terrace with panoramic views across Parramatta, the Sydney CBD, and the Blue Mountains, all exclusive to the building.

Due to the mix of configurations, including studios which are rarely offered in today's new apartment market, first home buyers and investors have driven Mason &amp; Main to over 90 per cent sold.

Coronation Property Managing Director Joe Nahas says the development is driving a revitalisation of Merrylands, setting a high standard for future developments in the area.

Mason &amp; Main is move-in ready and is the latest in a series of award-winning mixed-use developments by Coronation Property.

Disclaimer: Mortgage repayment figures are estimates only, based on a 6.29 per cent variable rate over a 30-year term (Canstar, April 2026). Pricing and rental estimates are indicative and based on current listings and project information. Gross yield figures are indicative and derived from asking prices and estimated rental ranges. Stamp duty savings are indicative only. Buyers should seek independent financial and legal advice before proceeding.

[smartcode_project_cta:default project_id=31751]

How first home buyers can enter the Sydney property market for under $500k

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?

Ray White Surfers Paradise Group kicked off the 2022 auction season with 77 residential properties listed for auction at the 30th annual The Event on Sunday.

Around 57 were apartments put up for sale across the near seven hour auction.&nbsp;

&ldquo;This is a day when so many dreams come true for our sellers and buyers,&rdquo; Ray White Surfers Paradise Group auctioneer Andrew Bell said.&nbsp;

By mid-afternoon the preliminary auction clearance rate was 80 per cent of the residential and commercial properties.

But this trailed off with few of the final dozen offerings being sold.

&ldquo;The most satisfying thing for me is that most properties are selling well over their reserves,&quot; Mr Bell said.&nbsp;

&quot;We&rsquo;ve seen some strong bidding from the floor and online but it&#39;s mostly locals in the room bidding.

Mermaid Beach local Rod McIvor snapped up the first property on the order of sale, which was one of the cheapest of sales.

The telco technician secured 4/26 Holland Court, Broadbeach Waters for he and his daughter for $388,000.

The two bedroom ground floor apartment on a lowrise block last sold at $135,000 in 1999. It was offered as a deceased estate.

&ldquo;Honestly I am so happy to have picked up a property so close to everything for under $400,000, that&rsquo;s good buying,&rdquo; Mr McIvo said, who had been looking and saving up for more than six months.

&ldquo;The market is still very competitive. I&#39;ve been to a lot of open homes where there have already been 4-5 offers submitted. I am glad to have found our new home.&rdquo;

The deceased estate was marketed by Ray White Surfers Paradise agent Glen Williams who had four registered bidders.

Chevron Island locals Rhonda and Ron Emmett fought off nine other registered bidders to secure 2541/9 Ferny Ave, Surfers Paradise for $1.625 million, one the of dearest sales.

The 3 bed, 2.5 bathroom apartment on the 54th floor of the Circle on Cavill building last sold in 2018 at $1,225,000, and initially at $1.7 million in 2006.

&ldquo;We were attracted to Circle on Cavill for its facilities as we have already had a unit there up until a month ago when I sold it,&rdquo; Ms Emmett said.&nbsp;

&ldquo;We were only looking at properties that were central and where we could walk to the shops without needing the car. We didn&rsquo;t want any steps either.&rdquo;&nbsp;

Agent Henk Schreurs said the apartment had been sold by Sydney investors. The highest apartment sale was at $2.4m for 1352/23 Ferny Avenue, a 286sqm sub-penthouse in the Chevron Renaissance which sold through agent Jackson Paradise. 

The unsold apartments included a heritage listed apartment in Surfers Paradise.

The 4D 34 Hanlan Street offering saw a $100,000 opening bid with two bidders taking the bidding to $170,000 when it was passed in.

The apartment last sold at $155,000 in 2016.

The partly furnished one bedroom apartment has ocean views from the 4th floor of Kinkabool.

The 53sqm apartment is tenanted at $285 a week until May 2022.

Buyers were given a prospective rent appraisal of $300 to $350 a week.

The body corporate is $68 a week, plus council rates of $41 a week, and water rates of $20 a week.

The total sales figure was around $68m from 101 properties, with over two dozen sold before the auction.

There were 54% of bidders local and 46% interstate with 78% of the buyers being in room. There were over 600 registered bidders.

The lowest sale was a Surfers Paradise apartment at $336,000.

Around 57 apartments were put up for sale across the near seven hour auction. 

jchancellor-FAypfDUnLy

Gold Coast apartment auctions get underway in 2022

The development of The Montague Markets precinct in Brisbane&#39;s West End kicked off some 15 years ago.

Now, the awarded Queensland property developer Pradella, has announced the final development in the masterplan that has breathed new life in to the West End area.

The Lanes at West End, which follows the sell-out success of Montague Markets and Enclave, is set to&nbsp;be the crown jewel in the $1.3 billion masterplan. Part of The Lanes will be Wave Residences, which will feature 138 apartments.

There will be a mix of one, two and three-bedroom apartments plus media rooms on offer, as well as an exclusive&nbsp;Penthouse Collection.

Future residents of The Lanes will have the added convenience of the rest of the masterplan being complete, with the already&nbsp;thriving Montague Markets retail precinct on their doorstep. The retail precinct features&nbsp;an array of dining options, services and stores including a full-line Woolworths.

The Lanes will feature resort-style amenities including an expansive 200 sqm lagoon pool with beach entry and an infinity edge overlooking the city, an impressive Rooftop Retreat spanning almost 2,000 sqm including a bar with sweeping views of Brisbane&rsquo;s skyline, a contemporary dining pavilion, and an opulent wellness retreat complete with mineral pool and steam room.

<img alt="" height="746" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-01-26_at_10.35.43_am.png" width="1112" />

Having delivered over 17 projects in West End since the year 2000, Pradella has partnered with bureau^proberts, LAT27 and Position Property to create&nbsp;The Lanes, which is focused to exceed the expectation of&nbsp;the rightsizer demographic, or those looking to invest.

Pradella Sales and Marketing Director, Lee-Anne Kielar, said that the announcement of The Lanes comes following the fast uptake of boutique residences at Montague Markets and Enclave, and that this may be the last chance for buyers to secure a luxurious contemporary apartment within the vibrant West End precinct.

&ldquo;There has been an unprecedented level of buyer demand for luxury apartments over the last couple of years and we anticipate The Lanes will follow suit in terms of popularity,&rdquo; Kielar said.

&ldquo;Residences have sold out so quickly that stage releases and construction were fast-tracked across both Montague Markets and Enclave to keep up with demand.

&ldquo;We are thrilled to be able to deliver Pradella&rsquo;s final West End residential development, The Lanes, which will conclude Pradella&rsquo;s $1.3 billion investment into this thriving inner-city locale. Not only is this a great achievement in terms of Pradella&rsquo;s construction milestones, but these masterplanned projects also showcase a level of upmarket living not seen before in this area.&rdquo;

Fast facts:

- Pradella&rsquo;s newest masterplanned community, The Lanes at Montague Markets, West End

- Superb selection of premier residences including one, two and three-bedroom apartments with media rooms, plus the stunning Penthouse Collection

- Resident-only amenities include architecturally landscaped gardens, picturesque pocket parks, a stunning Rooftop Retreat spanning almost 2,000sqm with private dining pavilion and bar, wellness retreat complete with mineral pool and steam room, and an expansive lagoon pool with infinity edge and sweeping views to the city.

- The final component of the Riverside West End masterplan, ultimately comprising three residential towers with city and suburban views

The Lanes at West End follows the sell-out success of Montague Markets and Enclave. Part of The Lanes will be Wave Residences, which will feature 138 apartments.



Pradella announce The Lanes, the final piece in West End's Montague Markets precinct

Victoria &amp; Albert is a landmark mixed-use development featuring two residential towers, Victoria Residences and Albert Residences

Colliers&rsquo; director residential David Higgins says the&nbsp;development is the first major apartment project in Broadbeach for the last five years.

A very strong family market, Broadbeach is back in the frame with this new oceanside precinct offering one, two, three and four-bedroom apartments with private amenities.

Urban has taken a look in detail at V&amp;A, and what buyers will like about the project.

1. Strong development team

[smartcode_project:default project_id=107928 project_image_fid=184933]

Developed by Iris Capital, with apartments designed by DBI Design, Victoria &amp; Albert residences are being delivered by a strong development team.

Founded and led by entrepreneur Sam Arnaout, Iris Capital now boasts more than&nbsp;$3.5 billion in enterprise value, significantly expanding over the past year after the acquisition of 17 Ibis hotels from AccorInvest.

The Sydney-headquartered development giant is behind the large-scale East End development in Newcastle, as well as other projects including Bondi&rsquo;s Grand and Potts Point&rsquo;s new Queensgate development.

&ldquo;We are no stranger to large scale projects and have built a reputation on our ability to deliver transformative developments that add remarkable value to their broader community,&rdquo;&nbsp;Arnaout said.

2. Broadbeach&rsquo;s most walkable new development

[smartcode_project:default project_id=107928 project_image_fid=184935]

&ldquo;V&amp;A is arguably the Gold Coast&rsquo;s most walkable new address&rdquo;, Arnaout said.

Located in the heart of Broadbeach, the project scores a 10 out of 10 for walkability, thanks to its close proximity to the light rail, casino and restaurant precinct.

Residents&rsquo; daily needs are just moments from their door, with Oasis Shopping Centre, which contains a Woolworths and other specialty retailers, only a two-minute walk from the residence.

Just four minutes&rsquo; drive away is the expansive surrounds of Pacific Fair, while Gold Coast airport is only half an hour away.

3. Resort-style living

[smartcode_project:default project_id=107928 project_image_fid=184934]

Both Victoria Residences and Albert Residences offer an elevated recreational podium that connects the two, featuring a 25-metre lap pool, gym, yoga deck and residents&rsquo; lounge.

Indoor and outdoor amenities are surrounded by lush, subtropical landscaping, including a zen garden and outdoor dining spaces in this sprawling beachside day club area.

Both towers also feature&nbsp;top-floor residents-only lounges, complete with dining, yoga room, offices and views across the Gold Coast skyline.

Hosting private functions are a breeze with two private dining rooms, each boasting an adjoining kitchen, one galley-style, along with a private wine cellar.

4. Ground-floor retail and dining

[smartcode_project:default project_id=107928 project_image_fid=178909]

A vibrant new retail arcade is on offer at the world-class Broadbeach address, with Victoria &amp; Albert boasting the first high-end residential, retail and culinary precinct in central Broadbeach since the Oracle towers more than a decade ago.

&ldquo;Just an elevator ride away, take a leisurely stroll and you&rsquo;ll be sure to find new restaurants and bars to sample, no matter which route you take&rdquo;, the project marketing reads.

The precinct boasts over 50 restaurants and cafés within 300 metres of its front door.

5. Ideal location

[smartcode_project:default project_id=107928 project_image_fid=180734]

Surrounded by beautiful natural landscapes, Victoria &amp; Albert invites outdoor leisure and recreation all year round.

Combined with a subtropical climate, it forms a breathtaking locale that residents will find a hard time abandoning.

Along the coastline, residents can enjoy a bike ride past Kurrawa and Mermaid Beaches, or a walk on the beach from the Spit.

Other neighbourhood recreational amenities include Burleigh Head National Park, Currumbin Wildlife Sanctuary and, for golf lovers, both the Southport and Burleigh Golf Clubs.

[smartcode_project_cta: project_id=107928]

Colliers’ director residential David Higgins says the development is the first major apartment project in Broadbeach for the last five years

max.kwok_55688

Five things we love about the landmark Broadbeach precinct, Victoria & Albert

Local Gold Coast developers, Sherpa Property Group, have unveiled plans for their latest development, Perspective Albatross, as demand for property on the coastline continues to be in high demand.

Located on Albatross Avenue in Mermaid Beach, Perspective Albatross will be a bespoke low-rise beachside apartment building comprising six three-bedroom residences and two two-level penthouses, both of which feature direct access to their own private rooftop areas.

The project is earmarked for a prime 810 sqm at 72-74 Albatross Avenue, Mermaid Beach, and is Sherpa Property Group&rsquo;s first in the area.

The three-bedroom residences will feature spacious floor plans that are further enhanced with their own private balconies, right in the heart of Mermaid Beach.

<a href="/buildings/perspective-on-albatross"><img alt="" height="783" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-01-20_at_10.58.31_am.png" width="1401" /></a>

Perspective Albatross residences range from 190 sqm to 310 sqm and are priced from $2.1 million.

Plans for the residences come hot on the heels of the sell-out of Sherpa&#39;s highly anticipated Perspective Nexus development in Palm Beach and the recent unveiling of its newly completed luxury residence in Bilinga, known as Perspective 202.

Sherpa&rsquo;s CEO, Christie Leet said the site had been selected due to its excellent beach access and proximity to the local shopping precinct, along with the tranquil and enviable lifestyle that Mermaid Beach exudes.

&ldquo;Mermaid Beach is one of the Gold Coast&rsquo;s most attractive communities, offering a unique lifestyle that makes it one of the most tightly held markets on the Coast,&rdquo; Leet said.

<a href="/buildings/perspective-on-albatross"><img alt="" height="787" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-01-20_at_10.58.23_am.png" width="1265" /></a>

The Perspective Albatross beachside residences are expected to appeal to the local owner-occupier market and are located just a stones&rsquo; throw away from Mermaid and Nobby beaches.

&ldquo;To us, Mermaid Beach has always been more than just a location, it&rsquo;s the lifestyle that draws you in and makes you feel like you never want to leave.&rdquo;

Designed by Cottee Parker, the residences have been influenced by the coastal surroundings, with a light and bright colour palette being implemented throughout, integrating touches of white and gold accents for a minimalist and contemporary design.

Also expected to launch in 2022 is Perspective Broadwater, just six apartments in Biggera Waters, and Perspective Nexus, Palm Beach, which is a 34 three-bedroom apartment development, across 14 levels.

Located on Albatross Avenue in Mermaid Beach, Perspective Albatross will be a bespoke low-rise beachside apartment building comprising six three-bedroom residences and two two-level penthouses.

Sherpa Property set for Mermaid Beach apartment development

The busy Broadbeach market is expecting a new residential apartment tower targeted at the high end owner-occupier.

A company linked with local estate agent, Ali Mian, has submitted plans to the Gold Coast City Council for a 21 level tower with just 27 three and four-bedroom apartments.

Raunik Design handled the architecture of the tower at&nbsp;38 Australia Avenue.

There will be 20 three-bedroom apartments, from levels two to 12, and then a recreation level which will feature a swimming pool, day beds, a barbecue area, dining and seating spaces, as well as a kids play room, a board room and a gym.

<a href="/new-apartments/aceno-broadbeach-38-australia-avenue-broadbeach">To track the project through to its availability, enquire here.</a>

<a href="/new-apartments/aceno-broadbeach-38-australia-avenue-broadbeach"><img alt="" height="754" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/38_australia_ave.jpg" width="1200" /></a>

Above the recreation level to the top of the building is where the four bedroom apartments will live, topping out with a two level penthouse at level 21.

The penthouse covers 267 sqm, with the two living areas and three bedrooms on the lower level. Upstairs, the master suite includes a walk in wardrobe and ensuite, as well as a second kitchen, living and dining area. Stepping onto the balcony, the 116 sqm space comes with a private pool, an outdoor kitchen, as well as a barbecue and pizza oven.

<a href="/new-apartments/aceno-broadbeach-38-australia-avenue-broadbeach">To track the project through to its availability, enquire here.</a>

The developer joins a host of interstate property groups currently sweeping up sites on Broadbeach as they look to take advantage of rising demand for new apartments and a looming under-supply of stock.

Developers have also been buoyed by state government forecasts that suggest the Gold Coast could now attract up to 15,000 people per annum.

A company linked with local estate agent, Ali Mian, has submitted plans to the Gold Coast City Council for a 21 level tower with just 27 three and four-bedroom apartments

Busy Broadbeach set for another owner-occupier apartment tower

If you've ever dreamed of owning your own home on Queensland's idyllic Chevron Island, then you'll have to check out Mirador. With sweeping coastal vistas and resort-style amenities, you'll feel like you're on an eternal holiday. Watch our recent display suite tour to learn more about the homes available for sale.

Watch the tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/DckxlCSmN2I" title="YouTube video player" width="660"></iframe>

<h2>MIRADOR AT A GLANCE</h2>

Developer:&nbsp;Citimark Properties

Architect:&nbsp;Cottee Parker Architects

Location:&nbsp;8 Mawarra Street, Surfers Paradise QLD 4221

[smartcode_project:default project_id=107520 project_image_fid=183050]

Seventy-one luxury homes are situated on a sought-after site at 8 Mawarra Street, Surfers Paradise. With a choice of two, three and four-bedroom homes, you'll find the perfect floorplan to complement your needs, with a full suite of luxury amenities to elevate your lifestyle.

Mirador's material palette includes a white facade adorned with bronze metal features and neutral stone elements, exuding timeless luxury and elegance.

Extensive landscaping creates a tranquil respite, with cascading greenery providing a lush subtropical backdrop.

[smartcode_project:default project_id=107520 project_image_fid=183048]

Residents have access to state-of-the-art amenities, including a swimming pool, gymnasium and wellness facilities. Crowning the development is a rooftop, complete with barbeque areas, a club lounge and dining areas, where you can take in the spectacular views of the coastline.

Each home is generously sized for entertaining, with many homes offering butlers pantries and island benchtops.&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=183047]

Wrap-around balconies also provide extra space for alfresco dining.

To learn more about the stunning homes currently selling at Mirador, then enquire today via Urban.&nbsp;

[smartcode_project_cta: project_id=107520]

urban.com.au

Display Tour Video: Mirador, Chevron Island by Citimark at 8 Mawarra Street, Surfers Paradise QLD

Locals have descended on Melbourne developer Hirsch &amp;&nbsp;Faigen&#39;s latest Gold Coast apartment development, Yves, with the Mermaid Beach apartments netting over $80 million in sales in the first three weeks following the launch.

The $200 million development, located at 7-9 Mermaid Avenue on the doorstep of the Gold Coast&rsquo;s sought-after millionaire&rsquo;s row&nbsp;Hedges Avenue, is making waves with Brisbane and Gold Coast downsizers, who account for 70 per cent of the early sales.

First-home buyers are also in the mix, driving one of the most successful project launches on the Gold Coast in recent months.

Designed by Rothelowman and comprising 146 apartments across three towers, Yves brings to the market 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:default project_id=102451 project_image_fid=186076]

&ldquo;The demand we&rsquo;ve experienced in recent weeks shows the market remains strong despite the latest Covid outbreaks,&rdquo; Hirsch&nbsp;&amp; Faigen&#39;s Sales Director&nbsp;Matt George said.

&ldquo;Yves is generating interest from a broad range of buyers looking for the lifestyle afforded by this exclusive pocket of Mermaid Beach, just a stroll away from Pacific Fair and the Broadbeach entertainment precinct. The Gold Coast is also still proving to be hugely popular with investors.&rdquo;

A Melbourne investor has been the most expensive buyer so far, spending nearly # million on a sub-penthouse. Negotiations are also underway on the other sub- penthouse with a price tag of $2.495 million.

[smartcode_project:default project_id=102451 project_image_fid=186070]

Buyers from Sydney and Melbourne accounted for 20 per cent and 10 per cent of the recent sales.

&ldquo;Brisbane buyers are predominantly buying a second property while Gold Coast buyers are either downsizing or first-home buyers,&rdquo;&nbsp;George said.

&ldquo;Five of the eight one-bedroom apartments have sold to local first home buyers.&rdquo;

One-bedroom apartments are priced from $550,000, while Yves&rsquo; ultra-luxe offering, the penthouse, is on the market for $5.5 million.

[smartcode_project:default project_id=102451 project_image_fid=186071]

The Yves penthouse is right at home alongside the luxury residences in nearby Hedges Avenue, offering 335 sqm of interior living space plus an additional 71 sqm of private external living.

The expansive full-floor sky home comprises four bedrooms, MPR, study, 4.5 bath, and three car spaces, while boasting a coveted north-east aspect over the Pacific Ocean and the Gold Coast city skyline.

Yves is the third project launched by Hirsch and Faigen on the Gold Coast in recent years and comes on the heels of the success of the group&rsquo;s Hemingway project at Palm Beach and Emerson at Kirra.

[smartcode_project_cta: project_id=102451]

Brisbane and Gold Coast downsizers accounted for 70 per cent of the early sales



Yves, Mermaid Beach apartment sales rocket on launch

Woods Bagot are the latest architecture firm to showcases their designs in Broadbeach, crafting Bottega Property Group&rsquo;s 123 Old Burleigh Road development.

123OBR, made up of&nbsp;13 three and four-bedroom apartments, as well as a two-storey penthouse,&nbsp;has been designed with lifestyle in mind, utilising and adapting spaces within the home to create larger entertaining areas, while keeping the idealistic beachfront living at the forefront.

The 17-level building, described as vertically stacked verdant Queensland beach houses, is named after its location of 123 Old Burleigh Road, one row back from Broadbeach. Woods Bagot&rsquo;s lead designer David Lee says Bottega&#39;s open brief without parameters allowed them complete flexibility with how to define the site, which is where the series of vertically stacked verdant Queensland beach houses was born.

&ldquo;This unique approach to collaboration really allowed us to sequence the space in a way that allowed us to design residences like private homes,&quot; Lee says.

[smartcode_project:default project_id=31666 project_image_fid=184148]

&ldquo;The interior layouts of the homes are carefully separated into private sleeping quarters looking towards the Hinterland, and active and functional living spaces towards the ocean in the East.&rdquo;

123OBR apartments are designed to be multi-functional. The third bedroom or study is designed with large sliding panels to two of the walls, which when slid away, allow the room to become part of the larger verandah space, affording even more space to the area.

The resident amenity is located on level five, where there&#39;s the swimming pool and adjoining deck, a private dining room, lounge, and a gym.

[smartcode_project:default project_id=31666 project_image_fid=184162]

&ldquo;The core of the building has also been designed to afford more space to verandah, with the corners rounded to allow both ease of movement, and a greater opportunity to dwell within the space,&quot; Lee added.

The architecture of the tower is defined by sculpted, raft-like projections; articulated slab edges shaped to provide privacy, but still maintain views and amenity.

&quot;The bow-like shapes are a playful nautical reference, given the tower&rsquo;s proximity to the beach and ocean,&quot; Lee says.

[smartcode_project:default project_id=31666 project_image_fid=184193]

&quot;The &lsquo;bow&rsquo; motif is consistently expressed throughout the facade, and also forms the crown of the tower, capping the two-storey penthouse housed on levels 16 and 17. The roof peels away above the penthouse living area, forming a skylight that also emphasises the raft shape.

&quot;The shape of the &lsquo;bow&rsquo; provides opportunity for the incorporation of planters and greenery, with the position of the balustrade allowing for these elements to be accessed and maintained from the inside by residents.&quot;

[smartcode_project_cta: project_id=31666]

The 17-level building has been described by Woods Bagot as vertically stacked verdant Queensland beach houses

How Woods Bagot designed 123OBR, Broadbeach apartments

It was a stellar 2021 for the Gold Coast apartment developer, S&amp;S Projects.

They sold out Awaken, their Rainbow Bay project of just nine apartments, with a top sale of $8.15 million secured for the penthouse, which was bought by a US couple.

Their nearby project, Esprit, is over 80 per cent sold, and there are plans already on the desk of the Gold Coast City Council for their next project, a rare mixed-use apartment and hotel development in Palm Beach.

Urban recently caught up with S&amp;S Projects director Paul Geddoun to discuss the Gold Coast apartment market.

JC: How did you view the performance of the off the plan market in 2021, and what are the strongest positive and negative factors that will influence outcomes in 2022 and 2023?

PG: 2021 saw an insatiable appetite for off the plan projects in premium locations.&nbsp;

Although the less premium project markets has been strong, the price growth has not been at the same level as premium projects. Sales volumes at record pricing in premium projects is unlike anything we have seen previously.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172129]

We expect the market to remain strong in 2022 and 2023 however the growth will not be at the same level as there was a little bit of catch up along with more limited stock which has driven these markets at these levels where there is no more projects available and increased competition which will slow the growth.&nbsp;

The negatives are that there has been a shortage in materials and labour due to border restrictions along with globally driven stimulus which has put excess funding into the market with international infrastructure upgrades for job creation to stem any recession fears as a result of Covid which has forced up the cost of construction which may cause some project issues. 
&nbsp; 
JC: What trend (short term or long term) has prompted your greatest enthusiasm for the apartment market, and what is the issue of most concern to you and or your clients?

PG: In general, real estate has seen great growth which has provided many with increased equity which has driven decisions for holiday homes and downsizing into apartments. The greatest concern in the near future is interest rates and people being overextended.

[smartcode_project:default project_id=102921 project_image_fid=172173]

JC: Has urbanisation stalled amid the rush to the regions and what will it look like over the decade ahead?&nbsp;

PG: I think urbanisation is strong with price growth and competition allowing developers to create better built form outcomes and develop sites in areas where the feasibilities once didn&rsquo;t allow it.&nbsp;

I think the future looks strong for many new areas that have been the recipients of this higher-grade development creating better urban areas.

[smartcode_project:default project_id=102921 project_image_fid=172175]

JC: How important do you view the push for sustainability practices in the apartment market, and what initiative has seized your interest or focus?&nbsp;

PG: There is a strong focus on sustainability, and this is being most represented in the fixtures and fittings being installed which are more efficient and it is also common practice to place as much solar on the roof of project to assist in the ongoing sustainability and costs of the operating buildings.

It was a stellar 2021 for the Gold Coast apartment developer, S&S Projects

"2021 saw an insatiable appetite for off the plan projects in premium locations." Five Minutes with Paul Geduon from S&S Projects

Queensland&#39;s Rainbow Bay has seen a holiday apartment resale when $3.8 million was paid in ARVIA, the Marine Parade complex of 17 apartments.

The three bedroom, three bathroom Coolongatta apartment with two car spaces was sold just before its December scheduled auction by Harcourts Coastal agent Katrina Walsh.

It occupies a half floor with 265 sqm space.

It was among the first apartments to be sold off the plan in 2016 at $1.65 million.

The latest sale equals the block&#39;s prior highest sale for higher whole floor spaces.&nbsp;

The complex has an 8 Star energy rating after its design by Ellivo for Aspect Property Group headed by Allan Larkin.

The company has been building apartments since 1989.

Its salt water pool is surrounded by luxuriant coastal native plantings at the address of 47 Eden Avenue, aka as 158 Marine Parade.

Coolangatta&rsquo;s Rainbow Bay latest development is for a 12-level tower on the bay&rsquo;s high ground, close to the Greenmount Resort.

It is being proposed by local developers Chapter Two in partnership with Kingbella Group.

The partners have secured a 1924 sqm site amalgamation at 44-50 Eden Avenue with plans for a 12-storey development comprising 86 apartments.

There is also a forthcoming proposal by Rob Steer&rsquo;s Steer Developments to undertake a $50 million redevelopment of the Ashmore Steak and Seafood restaurant site.

Brisbane architect Joe Adsett is planning a 13-floor tower, Rockpool, next to the Greenmount resort.

[smartcode_project:default project_id=94018 project_image_fid=169982]

Urban reported the quick sell-out of Adsett&#39;s Rockpool by Rainbow Bay came without any need for marketing.&nbsp;

Paul Gedoun, the Brisbane developer with nearby towers Flow and Awaken, is marketing Esprit, that saw some $70 million in sales in its first weekend on the market.

[smartcode_project:default project_id=102921 project_image_fid=172129]

Urban reported last September that around three quarters of the initial buyers in the S&amp;S Projects were local owner-occupiers, with around 30 per cent coming from Sydney and Melbourne.

Melbourne developer BeckDev&#39;s Palais Coolangatta is proposed as the redevelopment of the <a href="/news/qld/beckdev-set-for-palais-coolangatta-apartment-development">old Jazzland Dance Palais on a 2,355 sqm McLean Street site</a>.

It will see 175 one, two and three-bedroom apartments built, as well as resident facilities and a street-level plaza with retail space.

The latest sale equals the Arvia block's prior highest sale for higher whole floor spaces

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