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.

[smartcode_project:default project_id=150128 project_image_fid=366277]

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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Joel Robinson

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.

[smartcode_project:default project_id=150037 project_image_fid=5333]

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.

[smartcode_project:default project_id=150037 project_image_fid=5336]

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.

[smartcode_project:default project_id=150037 project_image_fid=5336]

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.

[smartcode_project_cta:default project_id=150037]

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

Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.

In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.

Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.

Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.

At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.

[smartcode_project:default project_id=135149 project_image_fid=368392]

Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.

Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.

The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.

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“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.

“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.

Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.

SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.

“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.

“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”

Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.

That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.

One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.

“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.

“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”

For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.

“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”

Her terrace also supports a more connected, lifestyle-driven way of living.

“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”

Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.

Coronation champions terraces as a key piece of Sydney’s housing mix

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?

Morris Property Group, the popular&nbsp;Canberra and Gold Coast developer, has landed its next apartment development.

It&#39;s in the hot Burleigh Heads market, where MPG, headed by development veteran Barry Morris, has secured a 2,024 sqm double block at 1873-1875 Gold Coast Highway.

They&#39;ve paid $12.9 million for the site, sold through GV Property Group&#39;s Antonio Mercuri, which sits just 300 metres from the Burleigh entertainment and lifestyle precinct.

MPG plans a development comprising predominantly two-bedroom,&nbsp;two-bathroom&nbsp;apartments to provide housing more affordable to a broader section of the community.

<a href="/new-apartments/bondi-burleigh-1873-1875-gold-coast-highway-burleigh-heads-qld-4220">To keep up to date with the development and its launch, enquire here</a>

&quot;Burleigh Heads is a great lifestyle location and represents the relaxed Gold Coast way of life. 1873-1875 Gold Coast Highway is an amazing opportunity to provide more buyers with the opportunity to enjoy the Burleigh life,&quot;&nbsp;Barry Morris said.

<img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/burleigh_hero_2.jpg" width="1200" />

&quot;The purchase of the Burleigh 1873 property comes hot on the heels of the group&rsquo;s purchase of 13-15 Armrick Avenue Broadbeach and 13-15 Australia Avenue Broadbeach as the group replenishes its Gold Coast development and construction pipeline.

&quot;There are several developments in the Burleigh area that offer multi-million dollar apartments to a select few; this is not our target market. We want more people to be able to enjoy Burleigh and everything it has to offer.&quot;

Antoni Mercuri, whose&nbsp;GV Property Group sold MPG the site, said there were over 20 enquiries from developers and investors, with six development groups&nbsp;submitting offers.

&quot;It is rare to find such a holding in the Burleigh precinct bounded by The Esplanade and the Gold Coast Highway, and the competitive tension between developers was a testament to the popularity of the area,&quot; Mercuri said.

<a href="/new-apartments/bondi-burleigh-1873-1875-gold-coast-highway-burleigh-heads-qld-4220">To keep up to date with the development and its launch, enquire here</a>

Morris Property Group first started developing on the Gold Coast in 2005 when they created Verve Broadbeach.

Since then, MPG has completed seven towers in Broadbeach, two in Mermaid Beach and three in Burleigh Heads totalling over 1,200 apartments.

The group has two Gold Coast apartments projects under construction including Sandbar Burleigh Heads and&nbsp;Essence Surfers Paradise. They recently sold out all of the apartments in Koko Broadbeach and Opus Broadbeach.

Only 10 apartments remain in Sandbar Burleigh, the 26-level development with 163 apartments.

MPG plans a development comprising predominantly two-bedroom, two-bathroom apartments to provide housing more affordable to a broader section of the community.



Morris Property Group set for Burleigh apartment tower after site purchase

The development of the small Gold Coast enclave of Coolangatta is set to continue, with the Melbourne-based BeckDev lodging plans for a new apartment tower.

The $130 million Palais, named after the Jazzland Dance Palais that has stood on the 2,355 sqm site since the 1930s, will have 175 one, two and three-bedroom apartments, as well as resident facilities and a street-level plaza with retail space.

BDA Architecture has designed the plans for the development.

<a href="/new-apartments/palais-coolangatta-31-35-mclean-street-coolangatta">To keep up to date with the development and its launch, enquire here</a>

BeckDev was among six local and interstate buyers vying for the site at 31-35 McLean Street, which was purchased earlier this year.

Ben Beck, director of BeckDev and son of the industry veteran Max Beck, said Coolangatta stood out&nbsp;as one of the Gold Coast&rsquo;s gems.

&quot;Its riches lie in its natural amenity, world class surfing beaches and deep sense of community,&quot; Beck said.

<img alt="" height="1600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mclean_street_2.jpg" width="1200" />

&ldquo;We weren&rsquo;t the only ones to recognise the enormous potential of the site - after all, you can&rsquo;t get much more central than this in what is undoubtedly one of the Gold Coast&rsquo;s most renowned beach locales.

&ldquo;We want Palais to be a modern, sophisticated extension of the Coolangatta lifestyle and that&rsquo;s what we have been working with our architects on.&quot;

CBRE&rsquo;s Director of Residential Projects, Nicholas Clydsdale, who will handle the marketing for Palais, said BeckDev had cornered a market simmering with demand for new apartment offerings in an area undergoing significant demand.

&ldquo;Coolangatta is undergoing a real popularity focus at the moment, and I think that comes back to its retention of the laidback surf culture coupled with its unique north facing topography,&rdquo;&nbsp;Clydsdale said.

<img alt="" height="668" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/palais_coolangatta_2.jpg" width="1200" />

<a href="/new-apartments/palais-coolangatta-31-35-mclean-street-coolangatta">To keep up to date with the development and its launch, enquire here</a>

&ldquo;What many people don&rsquo;t realise is that Coolangatta was the original beachside destination of the Gold Coast, even before Surfers Paradise, and we are seeing recognition of its truly unique offering.

&ldquo;We&rsquo;re particularly seeing that growing demand for new product, which has been in incredibly short supply on the southern Gold Coast until recently.&rdquo;

Ben and Max Beck are renowned for delivering a foray of quality and landmark developments in Sydney and Melbourne, including one of Australia&rsquo;s most important heritage building restorations in 333 Collins Street in Melbourne.

Ben Beck, director of BeckDev and son of the industry veteran Max Beck, said Coolangatta stood out as one of the Gold Coast’s gems

BeckDev set for Palais, Coolangatta apartment development

Property buyers waiting for price reductions in Brisbane will be disappointed, according to Pete Wargent, co-founder of Australia&rsquo;s first national network of property buyer&rsquo;s agents, BuyersBuyers. 
&nbsp; 
&quot;The idea that prices are going to decline in Brisbane any time soon is wide of the mark,&quot; he said.

The report by BuyersBuyers, inconjunction with RiskWise Property Research, noted interstate migration into Queensland recently hit the highest level in around 15 years.

[smartcode_project:default project_id=108278 project_image_fid=173613]

&quot;Houses and other family-suitable properties are experiencing strong demand across many areas of south-east Queensland&rdquo; Mr Wargent said.

He noted the market for detached homes in Brisbane remained &quot;extremely tight.&quot;

&quot;But we are at least seeing more new listings coming through now, which is a healthier dynamic for the market, and in time this will naturally cool the rate of price growth next year.&nbsp;

&quot;But overall, activity is still very buoyant, and we definitely expect to see prices higher than today by the end of 2023&rdquo; Mr Wargent said.

[smartcode_project:default project_id=102309 project_image_fid=163977]

Wargent added that &ldquo;low mortgage rates are still attractive for investors, and asking rents are rising much more quickly now, up by about 5 to 10 per cent in Brisbane over the past year, albeit often less so for some high-rise and inner-city units.&quot; 
&nbsp; 
Riskwise noted inner Brisbane apartments had experienced challenges with oversupply through the last housing market cycle.

&quot;Although units in the more sought-after and supply-constrained areas may fair reasonably well as vacancy rates have fallen sharply,&quot; Doron Peleg, CEO of RiskWise Property Research, said.

Wargent noted Brisbane was seeing the incomes of some of his property buying clients increasing, especially for those in mining and engineering project roles, due to the current skills shortage.&nbsp; 
&nbsp;

Pete Wargent of BuyersBuyers expects 2022 to be a very busy year for housing market transactions, especially for investors. 

jchancellor-FAypfDUnLy

Rising mining incomes to trigger Brisbane apartment investment spree

Construction has begun at the $850 million Yeerongpilly Green Riverside Community, the joint venture between Don O&#39;Rorke&#39;s Consolidated Properties Group and CVS Lane Capital Partners.

The first stage&nbsp;will include 83 apartments and 10 luxury terrace homes, as well as the 8850 sqm Woolworths-anchored retail centre.

Already 95 per cent of stage one residences has sold, for a combined total of $77 million in sales, including a $1,395,000 terrace, the highest price paid in the development.

Hutchinson will be building the residential and commercial component, which will also feature a dining precinct, specialty stores, commercial offices and a health precinct - all set to be finished in mid-2023.

[smartcode_project:default project_id=13477 project_image_fid=55316]

Yeero​ngpilly Green Riverside, set to generate 631 full time jobs during this first stage of construction alone, will upon completion include 1200 residences, commercial and retail businesses and close to two hectares of parkland in a masterplanned urban renew​al project just seven kilometres from the Brisbane CBD.

Consolidated Prop​erties Group Chairman and CEO Don O&rsquo;Rorke said the start of construction follows years of hard work on approvals, design and community consultation.

&ldquo;Yeero​ngpilly Green Riverside has been designed holistically to include everything a community could want from health and wellness services through to shopping, public transport, parkland and premium homes that complement the local environment,&rdquo; O&rsquo;Rorke said.

&ldquo;It delivers a destination on Brisbane&rsquo;s southside away from the hustle and bustle of the CBD with well-known food and beverage operators creating bespoke dining experiences alongside Yeer​ongpilly Green&rsquo;s heritage buildings.

[smartcode_project:default project_id=13477 project_image_fid=179606]

&ldquo;The residences have really resonated with buyers, which can be seen from the 90 per cent sales achieved so far.

&ldquo;Buyers love the fact the community is being built opposite Yeerongpilly Station, with access via the Ashley Cooper Riverwalk to the Brisbane Tennis Centre through to the Ken Fletcher Park on the riverfront.

&ldquo;We can&rsquo;t wait for our first residents to move into what I believe will become south Brisbane&rsquo;s urban heart. These residents &ndash; and the broader community - will also be able to enjoy a vibrant new retail centre and urban village, which will be finished at the same time as the apartments and terrace homes, meaning our first residents will be able to shop once they move in.&rdquo;

&ldquo;Importantly this first stage will generate 631 jobs during construction with hundreds of ongoing positions upon completion of the retail centre.&rdquo;

[smartcode_project:default project_id=13477 project_image_fid=179605]

Just a handful of residences remain for sale in Yeerongpilly Green Riverside&rsquo;s first stage, which fronts the Ashley Cooper Riverwalk, dedicated to the late Australian tennis great.

The residences will be built on a 7000 sqm site, across two five-level apartment buildings called Park House and Garden House, with 31 and 52 apartments, alongside 10 three-bedroom luxury homes at Green Terraces.

The retail centre will be anchored by Woolworths and include a dining precinct, specialty stores, commercial offices and health and wellness providers on an 8850sqm site at the heart of Yeeron​gpilly Green Riverside.

[smartcode_project:default project_id=13477 project_image_fid=55314]

Deputy Premier and Minister for State Development Steven Miles said he was pleased to see construction beginning on what will be an exciting urban village for the southside of Brisbane.

&ldquo;Projects such as Yeerongpilly Green Riverside help address land supply challenges, catering for Queensland&rsquo;s booming population,&rdquo; Miles said.

&ldquo;We&rsquo;ve seen a spike in interstate migration with more people choosing to live in Queensland, thanks to our strong health response to the COVID-19 pandemic.

&ldquo;The Yeerongpilly Green Riverside master plan will not only create 1200 homes as well as retail and commercial space, but generate around 7,600 jobs over the next decade, providing a great economic boost for the local area,&rdquo; Miles added.

[smartcode_project:default project_id=13477 project_image_fid=55319]

CVS Lane​ Capital Partners is a joint-venture partner in Yeerong​pilly Green Riverside.

CVS Lane Chief Executive Officer Lee Centra said that the start of construction at Yeerongpilly Green Riverside was a major milestone for what is a nationally significant urban regeneration project.

&ldquo;The vision for Yeerongpilly Green Riverside has been to transform an underutilised 14-hectare site, only seven kilometres from the Brisbane CBD, into a major residential, retail and commercial destination, and it&rsquo;s very pleasing to see that vision taking shape. 
&nbsp; 
&ldquo;With Brisbane&rsquo;s growth set to accelerate in the next few years in the build up to the 2032 Olympics we&rsquo;ll see increased demand for quality mixed used lifestyle precincts and so the project is very well positioned.&quot;

&nbsp;

[smartcode_project_cta: project_id=13477]

Already 95 per cent of stage one residences has sold, for a combined total of $77 million in sales

Construction commences on $850 million Yeerongpilly Green Riverside community

The Melbourne-based developer, Accord Property Group, are tweaking the make-up of apartments in their already approved South Brisbane apartment development, Gallery Residences.

Accord, founded by Buildcorp&#39;s Ross Clarke and Scott McVilly, had Cottee Parker go back to the drawing board to their 2016 plans and change the apartment configurations, which was in reaction to the current market expectation for inner-city living.

The recently submitted change application to the Brisbane City Council for 2 Cordelia Street will see the apartments reduced slightly, from 379 to 364, but most importantly a major change in how many one-bedrooms and two-bedrooms will go in the 30-level tower.

Some 56 one-bedroom apartments have been taken off the proposed 209, and 54 more two-bedroom apartments added. Now over half of the building is taken up by two-bedroom apartments.

There will be no more penthouse level, which had planned to have&nbsp;two four-bedroom and two three-bedroom apartments.

<img alt="" height="869" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gallery_residences_2.jpg" width="1200" /> 
There&#39;s been little change to the built form. Image credit: Cottee Parker Architects

Instead the extensive amenity has been moved up from level four to the 29th level. Now there will be amenity across the top level and the rooftop.

Level 29 will feature a&nbsp;gym with an ice bath, steam, sauna, and treatment rooms, an outdoor sports court, barbecue deck, community garden, lounge, village hall, private dining, cinema room and a co-working space.

Crowning the tower will be a 25 metre lap pool, reminiscent of a holiday resort, as well as a kidis pool and spa, day beds near a fire pit, and more communal seating booths and private terraces with barbecues which can be booked by residents.

Cottee Parker&#39;s design focus for the tower was for a &quot;building&nbsp;that breathes.&quot;

&quot;The design of the building draws on its local context, the colour palette of the materials, the undulating form and the landscape overlay are all responses to the character of the area,&quot; Cottee Parker&#39;s design statement read.

&quot;A bronze glass responds to the Western sunset, this changes to a subtle copper glass that responds to the CBD character.

<img alt="" height="856" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gallery_residences_3.jpg" width="1200" /> 
It was important to Cot​tee Parker to create a building that breathes. Image credit: Cottee Parker Architects

&quot;The podium façade design drawings on the Brisbane river reference with battens of varying length creating ripple movement along the façade, which illuminate at night.

&quot;The high quality layered façade is a combination of transparent, semi transparent&rsquo; landscape and solid materials that have been specifically selected for their robustness and sustainability.&quot;

Cottee Parker note that a&nbsp;variety of environmental and sustainable design initiatives are being targeted to best address the Brisbane climate and site constraints.

Accord spent $20 million on the 2,309 sqm site in 2015.

Locally, Accord are working on Brisb​ane Towers, which will home 525 apartments and 3,000 sqm of retail in the heart of Fortitude Valley.

Cottee Parker's design focus for the tower was for a "building that breathes."

Accord make Gallery Residences, South Brisbane apartments more conducive to local market 

With over 75% of the apartments on offer at The Mill, Southport sold, just a quarter of the 27 apartments remain.

Delivered by boutique property development group, Property Solutions, led by developer Fabio Rossi, the Mill boasts spacious, light-filled apartments nestled within a leafy landscape.

Expansive floorplans feature two bedrooms and two bathrooms, with refined finishes and high-quality fittings.

[smartcode_project:default project_id=7435 project_image_fid=153965]

Designed by BDA Architecture, the apartments have been positioned to take in the prevailing breezes and captivating views, while a private outdoor garden room provides the best in indoor-outdoor living.

Kitchens feature elegant inclusions, such as stone benchtops, 2-pak joinery and integrated European appliances.

The homes also feature lift access, timber flooring, air conditioning and one car space with generous separate storage.

[smartcode_project:default project_id=7435 project_image_fid=153966]

With lift access to the rooftop, residents can enjoy the Mill&rsquo;s private terrace, complete with alfresco dining areas and barbeque facilities.

The Mill holds an enviable position in the vibrant suburb of Southport, inviting residents to enjoy the most of Gold Coast living.

Located in its heart, the development is within close walking distance to shopping, lifestyle amenities and employment opportunities.

[smartcode_project:default project_id=7435 project_image_fid=153963]

Residents can enjoy being close by Australia Fair, Harbour Town and Pacific Fair Shopping Centre, or the new $550 million integrated master-planned community taking shape at Queen Street Village.

Once complete, it will feature an urban village with retail, dining and entertainment, as well as commercial office space, a medical centre and cinema.

Prestigious schools are also within reach, including St Hilda&rsquo;s School, the Southport School, Griffith University and Gold Coast TAFE.

[smartcode_project:default project_id=7435 project_image_fid=153967]

This month Mayor Tom Tate said the Gold Coast&#39;s population could reach one million by 2036 &mdash; five years earlier than&nbsp;expected, providing incentive for investors to purchase a property in the growing urban area.

The City Council has committed $11&nbsp;million to subsidise new bus routes, while $25 billion has been invested in infrastructure to transform the region into a globally competitive city.

[smartcode_project_cta: project_id=7435]

Delivered by boutique property development group, Property Solutions, led by developer Fabio Rossi, the Mill boasts spacious, light-filled apartments nestled within a leafy landscape

max.kwok_55688

Over 75% sold at Southport apartment development, The Mill

The trend of lower density, high-rise towers continues to gather pace at the latest Gold Coast apartment tower launch.

GDI Group, headed by long-time Gold Coast developer Dean Gallagher, are soon to launch Drift Residences, a 27-level tower designed by Plus Architecture at 16-18 Hughes Avenue, near the central hub of Tedder Avenue in Main Beach.

There is approval for 44 apartments, but GDI has recently submitted a minor change notice to the Gold Coast City Council to add a further two apartments, and add another three levels to the building to make it 30 storeys.

The three-bedroom, 262 sqm apartments, just two per floor, will run from the second level to level 22.

From there will be the penthouse collection, five four-bedroom apartments spanning the whole floor and offering 531 sqm each.

<a href="/new-apartments/drift-residences-16-18-hughes-avenue-main-beach">To be the first to be alerted to the sales launch, enquire&nbsp;here.</a>

<img alt="" height="1162" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/drift_residences_entry.jpg" width="1200" />

There will be a single two-level penthouse crowning the tower, which will have 1,109 sqm and have five bedrooms, five bathrooms, and its own private roof terrace with a plunge pool.

Residents shared amenity will focus around the wellbeing centre, which will feature an infinity pool, sauna, steam and massage rooms, a spa, cold therpay pool, health club, yoga room, a lounge with fireplace, and an outdoor barbecue area.

&ldquo;Our vision for Drift Residences has grown from a desire to create a timeless and enduring building that reflects the beauty and prestige of its Main Beach surrounds and will be admired for generations to come,&rdquo; GDI Group managing director Dean Gallagher said.

&ldquo;The planning stage, realised in collaboration with Plus Architecture, has been meticulous.

<a href="/new-apartments/drift-residences-16-18-hughes-avenue-main-beach">To be the first to be alerted to the sales launch, enquire&nbsp;here.</a>

&ldquo;Our focus on prioritising both luxury and wellbeing has seen the emergence of an innovative design that optimises the comfort of its inhabitants.&rdquo;

Gallgher intends to keep one of the apartments for himself.

<img alt="" height="600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/drift_residences_pool.jpg" width="1200" />

&ldquo;Drift Residences will set a new Gold Coast benchmark for intuitive design,&rdquo; he said.

&ldquo;I look forward to personally taking up residence in this remarkable building and seeing it fulfill its promise as the epitome of a Main Beach lifestyle.&rdquo;

Plus has drawn inspiration form the coastal landscape. Danny Juric, director at Plus Architecture, said&nbsp;

&quot;Drift Residences will provide all the convenience you&rsquo;d expect from a home in the suburbs, but with one clear advantage, unprecedented views and prime location,&rdquo; Danny Juric, Director of Plus Architecture, said.

<img alt="" height="598" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/drift_hero.jpg" width="1200" />

<a href="/new-apartments/drift-residences-16-18-hughes-avenue-main-beach">To be the first to be alerted to the sales launch, enquire&nbsp;here.</a>

Deborah Provost, of DP Project Marketing, who will be marketing the apartments, is expecting&nbsp;discerning, lifestyle-seeking downsizers and luxury holiday home buyers.

&ldquo;We believe Drift Residences will set a benchmark for Main Beach that appeals to the luxury downsizer,&rdquo; Provost said.

&ldquo;We believe our market will come predominantly from local and Brisbane downsizers and undoubtedly from interstate markets when the borders re-open.&rdquo;

About the developer

Drift is GDI Group&rsquo;s latest residential venture and follows the success of its $55 million, 100-plus apartment Varsity Waters development at Varsity Lakes.

Established for more than 30 years, the company has developed a diverse and substantial portfolio of projects across all sectors throughout Queensland&rsquo;s southeast corner. Among its current pipeline is a retail/commercial precinct in Toowoomba, where it also has been involved in land subdivision and residential developments.

[smartcode_project_cta: project_id=93593]

The three-bedroom, 262 sqm apartments, just two per floor, will run from the second level to level 22

Drift Residences, Main Beach apartments, set for launch

The pandemic has forced a shift in the way people want to live, and developers on the Gold Coast are taking note of what buyers want in the modern world.

GV Property Group agent Luke&nbsp;Reaby, who amalgamates future development sites up and down the Gold Coast, says&nbsp;boutique sites for one-per-floor apartments are becoming more desirable by developers.

"It used to be the belief that larger sites equalled higher margins in the minds of developers," Reaby said.

"But now apartment developers are pivoting to the current market conditions, where buyers demand space, exclusivity and high end luxury, and are willing to pay a premium for it given the lack of high-end stock in the market."

Reaby is already fielding high demand for a 690 sqm site at 118 Old Burleigh Road in Broadbeach, which GV has listed for sale.

<img alt="" data-entity-type="" data-entity-uuid="" height="786" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/118_obr.jpg" width="1200" />

'When the downsizer market is this strong, you can see why a developer will choose to develop 10-25 apartments at $2m+ each instead of 90 apartments at $650k' Reaby says.

'It's also giving great design and architecture a chance as it's not as heavily dictated by price point.

'With limited development sites left, developers are seeing value in smaller sites suitable for boutique projects," Reaby said.

Jayde Pezet of KM Sales &amp; Marketing says the Gold Coast off t​he plan market has been underpinned by luxurious beachfront sales – a trend he expects to continue as the borders open and southerners sweep into the city for summer months.

“The strength of the off t​he plan market is heavily focussed on the luxury downsizer, whether local or interstate, wanting to downsize to luxury homes and live in properties that have unobstructed ocean views or views that cannot be built out,”&nbsp;Pezet says.

Pezet, alongside Todd Matheson at KM Sales &amp; Marketing, are handling the sales for the latest Broadbeach apartment development from Little Projects, who are targeting the luxury owner-occupier after selling out their their 246 apartment Signature nearby.

[smartcode_project:default project_id=108327 project_image_fid=181282]

Aperture, a term which refers to the opening of a lens's diaphragm through which light passes, will have just 29 apartments across its 35 levels.

There's 26 full-floor apartments with three bedrooms, three bathrooms, and three parking spaces, all spanning over 200 sqm across a whole level of the 120 metre building.

The Mary Avenue building&nbsp;has been designed by the Melbourne architect firm Elenberg Fraser to cater for the luxury owner-occupier, with hand-crafted materials and a minimalistic design featuring throughout.

[smartcode_project:default project_id=108327 project_image_fid=181285]

Gaggenau appliances and natural timber and stone have been used for the interiors, creating an extra level of luxury rarely seen in the market..

<a href="/news/qld/little-projects-co-launch-broadbeach-apartment-development-aperture">Read more:&nbsp;Little Projects Co launch Broadbeach apartment development, Aperture</a>

There's been huge success at Main Beach, where Polites Property Group, in a joint venture with QNY Group, aren't far from selling out La Mer, the luxury Main Beach Parade tower of just 29 apartments spread across 34 levels.

Mostly locals have snapped up the three-bedroom apartments, which were priced from $2.35 million. There's only a handful left, starting from $3,245,000.

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Polites Property are taking the same line with their next joint venture.

Alongside Monaco Property Group, Polites has lodged plans for Belvue, the first residential tower in Runaway Bay for three decades.

That will have 31 apartments, just one apartment per floor, each with either&nbsp;four bedrooms or three and a multi-purpose room. The grounds are&nbsp;reminiscent of a resort-style hotel, with two luxury pools, private beach access and a barbecue pavilion.

<a href="/news/qld/the-sophisticated-newcomer-to-runaway-bay-gold-coast-suburb-set-for-first-apartment-development-in-30-years">Read more:&nbsp;"The sophisticated newcomer to Runaway Bay" - Gold Coast suburb set for first apartment development in 30 years</a>

<img alt="" data-entity-type="" data-entity-uuid="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/belvue_swimming_pools._jpg_0.jpg" width="1200" /> 
The swimming pool renders for Belvue

Recently Ignite Projects sold out The Monaco at Main Beach at an average apartment price of $4.6 million, one of the most expensive towers on the Gold Coast. That will have just 24 half and full-floor apartments across 24 levels.

David Calvisi's FORME only has a few apartments left at its latest Burleigh Heads development, Sea, his second in Burleigh Heads designed by the renowned architect Koichi Takada.

The&nbsp;new&nbsp;development at 96 The Esplanade will home 23 half-floor apartments of around 220 sqm, as well as three full-floor residences with around 440 sqm of space.

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Cru Collective are currently selling SUR at Kirra Beach, which will have just 10 whole-floor apartments on the dress circle Musgrave Street.

Apartments at SUR&nbsp;start from $4 million.

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One of the latest developers to join the Gold Coast scene is also taking the same approach.

Orenda Projects, led by the South East Queensland veteran developer Leonard Steiner, are set to create Myst, a slick 33-level tower designed by Plus Architecture.

There will be 46 apartments across the 33-level tower, 45 of those being three-bedroom apartments, which, apart from the three whole-floor sub-penthouses, will span half of a floor.

<img alt="" data-entity-type="" data-entity-uuid="" height="819" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/14_first_ave_broadbeach_2_0.jpg" width="1200" /> 
The proposed&nbsp;Myst apartments at 14 First Avenue

GV Property Group agent Luke Reaby says boutique sites for one-per-floor apartments are becoming more desirable by developers.



The whole-floor apartment trend flooding the Gold Coast apartment market

Brisbane apartment values spiked 1.3 per cent over October, posting its second highest monthly returns of 2021, CoreLogic&#39;s Hedonic Home Value Index found.

The continued growth sees Brisbane&#39;s apartment values rise 3.3 per cent on a rolling quarterly average, following 0.6 per cent gains last month and 1.4 per cent growth over August.

Apartment values ended 2020 at $390,000. Now the median apartment value is $437,000, up 9.7 per cent year to date.

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Brisbane&#39;s rental increase has also been one of the highest in the country, up 2.3 per cent over the last three months, only second to Sydney where rents rose 2.4 per cent.

Overall Brisbane was the fastest growing market over October, with values up 2.5 per cent across the combined house and unit markets.

It was another month in Brisbane where the price gap between houses and units grew further. Houses saw 2.8 per cent gains, more than double the rate of growth for units.

&nbsp;

&ldquo;As housing becomes less affordable, we expect to see more demand deflected towards the higher density sectors of the market,&quot; CoreLogic&#39;s research director, Tim Lawless, said.&nbsp;

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&quot;House prices continue to outpace wages by a ratio of around 12:1,&quot; Lawless noted.

&quot;This is one of the reasons why first home buyers are becoming a progressively smaller component of housing demand.&quot;

Lawless&nbsp;expects the flick to higher density&nbsp;to occur most prevalently&nbsp;in Sydney than anywhere else in the country. The gap between the median house and unit value is now nearly $500,000. In Brisbane it&#39;s around $300,000. Melbourne&#39;s house median was $731,000 after the 2.8 per cent October gains.

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&quot;With investors becoming a larger component of new housing finance, we may see more demand flowing into medium to high density properties,&quot; Lawless added.

&quot;Investor demand across the unit sector could be bolstered as overseas borders open, which is likely to have a positive impact on rental demand, especially across inner city unit precincts.&rdquo;

&nbsp;

Apartment values ended 2020 at $390,000. Now the median apartment value is $437,000, up 9.7 per cent year to date

Brisbane apartment insights: What happened to Brisbane apartment prices over October?

Construction has started on the Brisbane riverfront apartment building, Rivello, in Northshore Hamilton, which has seen over&nbsp;90 per cent of apartments sold for more than $133 million in just 10 weeks.

The sales rush has been led by owner-occupiers, including young professionals and downsizers, many of whom live within a 10-kilometre radius.

Interstate purchasers looking to relocate or invest in the Queensland have made up around 10 per cent of the sales.

More than 1,000 jobs will be created during construction of the $149 million, 21-storey building, which will home 150 apartments and a suite of resort-style amenities, including a roof-top infinity-edge pool with expansive views across the Brisbane River to the CBD.

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Developer Brookfield Residential Properties has appointed builder Tomkins Commercial and Industrial Builders - who have delivered more than 300 projects across the residential, commercial, industrial and education sectors - to construct the mixed-use development, with completion anticipated for late 2023.

Rivello is the latest stage of Brookfield&rsquo;s activities in the Northshore Hamilton Priority Development Area (PDA), situated six kilometres from the Brisbane CBD, and the ninth building by Brookfield Residential Properties in the Portside residential and lifestyle precinct.

Brookfield Residential Properties Managing Director, Lee Butterworth, said the outstanding sales result had seen construction start on Rivello several months ahead of schedule.

&ldquo;The response to Rivello has been exceptional, with sales including an ultra-opulent penthouse for more than $5.5 million, two sub-penthouses for more than $2.9 million each and the majority of our three bedroom apartments, which average $1.5 million,&rdquo; he said.

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&ldquo;Those sales are a vote of confidence from the top end of the market in Rivello and we&rsquo;ve seen an equal level of enthusiasm from purchasers across our one and two bedroom apartments, with only a handful of floorplans now remaining, with river, park or local views still on offer.

&ldquo;We are looking forward to moving into the next phase of Rivello, by bringing our vision to life. To be able to accelerate the start of construction is a fantastic result, not just for our purchasers but the 1,000 workers who will be employed in constructing this exciting project.&rdquo;

Butterworth said the start of work on Rivello was also a significant milestone for the broader Northshore Hamilton precinct, where Brookfield Residential Properties had been developing since 2006.

&ldquo;We&rsquo;ve been part of the major transformation of Northshore for over 15 years, delivering the Portside Wharf dining, shopping and entertainment precinct as well as more than 850 riverside apartments, and look forward to continuing to be part of the area&rsquo;s evolution for many years to come.&rdquo;

Economic Development Queensland General Manager Debbie McNamara said the project marks another milestone in Northshore&rsquo;s transformation.

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&ldquo;I am proud of Economic Development Queensland&rsquo;s continued investment in infrastructure to revitalise the Northshore Hamilton PDA, which paves the way for projects like Rivello,&rdquo; she said.

&ldquo;Rivello will be yet another reason for people to enjoy Northshore, which is home to Portside Wharf, Eat Street Northshore, Alcyone Hotel, and some of Brisbane&rsquo;s best riverfront living.&rdquo;

Butterworth said Northshore Hamilton continued to be in high demand due to its premium, riverfront location.

&ldquo;There are very few opportunities to purchase a new apartment on the Brisbane River, particularly within six kilometres of the Brisbane CBD, which makes Northshore a highly sought-after locale,&rdquo; he said.

&ldquo;Northshore is a popular lifestyle choice because of the extensive mix of dining, shopping and entertainment in the precinct and the ease of access via CityCat or road to an array of destinations. The feedback from buyers at Rivello is that these factors certainly underpinned their decision to secure an apartment.&rdquo;

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The sales rush has been led by owner-occupiers, including young professionals and downsizers, many of whom live within a 10-kilometre radius

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