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?

There have been two recent sales in the Refinery apartment complex in Brisbane&#39;s New Farm.

A ground floor apartment at 2133/32 Refinery Parade went to Ray White auction last week which fetched $2,375,000 with five registered bidders, local and interstate.

It had last sold at $2m in 2017, and initially at $895,000 in 2004.

A $2.25 million sale of an apartment in the Refinery complex had been secured earlier in May.

The 4th floor apartment ranked as one of 32 apartments in the Refinery, built in 1892, and reimagined by Mirvac in the early 2000s.

<a href="/developments/brisbane-qld?source_news_article_id=101585&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_brisbane.jpg" width="1200" /></a>

It came with an internal space of 158sqm, plus a rare 6 sqm balcony in the heritage-listed CSR Refinery building.

There was also a 32 sqm car space plus storage locker at 2431/32 Refinery Parade, New Farm.

It last sold at $980,000 in 2004.

Selling agent Peter Hutton at Hutton &amp; Hutton had given a $2.2m to $2.4m price guide.

Mirvac&#39;s Ascot Green community fronting Eagle Farm Racecourse is the developer&#39;s current project under construction.

Ascot House, the first stage has sold-out, with Tulloch House&#39;s remaining apartments priced from $540,000.

The 2431/32 Refinery Parade, New Farm was one of 32 apartments within the Refinery, built in 1892, and reimagined by Mirvac in the early 2000s

jchancellor

Refinery, New Farm Mirvac-built apartment sees strong results in Brisbane

Buderim Central is a new residential offering in the heart of the Sunshine Coast, boasting a boutique collection of 32 townhouses.

Developed by Amber Werchon Property, the three-bedroom residences have been designed to exude sleek, contemporary, luxury living.

[smartcode_project:default project_id=29329 project_image_fid=133474]

Designed by award-winning architects, each townhouse has been built to maximise space, invite in natural light, and circulate gentle breezes.

&ldquo;The Sunshine Coast climate and lifestyle is very much embraced in each of the four design choices&rdquo;, the project marketing reads.

Buderim Central&rsquo;s interiors feature quality fixtures, tasteful colour palettes and premium appliances.

[smartcode_project:default project_id=29329 project_image_fid=133465]

Among its other features include a private alfresco courtyard for entertaining family and friends, as well as communal barbeque and landscaped garden areas.

Development on the Sunshine Coast is &ldquo;moving fast&rdquo; with the expansion of the Sunshine Coast airport and the Maroochydore CBD project.

Located a short stroll to village amenities, including restaurants, retail and commercial facilities, these residences are the ideal home for a range of buyers.

[smartcode_project:default project_id=29329 project_image_fid=133475]

Stunning beaches, major shopping and entertainment hubs are just 10 minutes away.

Homebuyers can secure their three-bedroom home at Buderim Central from&nbsp;$575,000.

Situated in Buderim, in the heart of the Sunshine Coast, this development boasts a boutique collection of 32 townhouses

max.kwok_55688

Introducing the Sunshine Coast’s latest townhome development, Buderim Central

Opus, the Broadbeach development by the locally renowned Morris Property Group, is nearing completion.

The 113&nbsp;apartment project spans 27 levels on the&nbsp;northern edge of Broadbeach, giving&nbsp;residents a number of views, either&nbsp;north over hectares of green space or&nbsp;the lights of Surfers Paradise and&nbsp;the Pacific Ocean to Coolangatta.

Morris Property Group have a solid reputation in the area, having previously&nbsp;built the nearby Eclipse on Broadbeach, as well as the separate developments Ivory and&nbsp;Element on Burleigh Beach.

[smartcode_project:default project_id=6999 project_image_fid=86622]

Entry is an immediate statement of luxury at Opus, with the&nbsp;elegant lobby entrance highlighting a rich palette of stone and timber and fully glazed glass walls

Every apartment in Opus have been thoughtfully designed and finished to the highest quality to complement its premium position.

The extra large apartments with some&nbsp;featuring two&nbsp;living areas feature European appliances and fittings by Smeg, Franke &amp; Parisi as well as&nbsp;&nbsp;SubZero and Wolf appliances, handmade in the USA.

[smartcode_project:default project_id=6999 project_image_fid=86629]

Opus&rsquo;s facilities extend over two levels and exude resort style ambiance and sophistication.

Residents will enjoy a sun-drenched plunge pool, lush landscaped gardens, undercover entertaining terrace, outdoor undercover barbecue facilities, yoga lawn and a fully equipped modern gymnasium.

<a href="/developments/gold-coast-qld?source_news_article_id=101369&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_10.jpg" width="1200" /></a>

Delivered by Morris Property Group, the 113-resident project features open-plan living and views over Surfers Paradise in two and three-bedroom configurations

jordan_55689

Opus at Broadbeach nears completion

The Heran Building Group have focused on the residents amenities at its Gold Coast development Midwater, nestled between Main Beach and the Nerang River.

Designed by Cottee Parker Architects, the apartments have been designed as a collection of open light-filled spaces with seamless connection to the natural environment.

There are 106 apartments in the 38 level tower at 3496 Main Beach Parade, with the amenities crowning the development.

[smartcode_project:default project_id=7356 project_image_fid=25495]

The amenities include an infinity pool, smart home automation a fully equipped well-being centre with gym, outdoor yoga, steam &amp; sauna facilities plus a great selection of world-class amenities nearby.

Resort-style luxury is further curated through durable fixtures and fittings enhanced by warm lighting.

The open plan kitchen, living and dining&nbsp;areas open&nbsp;to large entertaining terraces, while full height glass sliding doors and louvres open to allow cooling breezes inside.

Additionally, smart home automation gives residents easy access to an integrated system of devices designed for comfort, security and convenience. Lighting, audio and video, blinds, air-conditioning and security are all controlled by your all-in-one touch screen, remote or smart phone.

&nbsp;

[smartcode_project:default project_id=7356 project_image_fid=82552]

Midwater offers both beach and riverfront access. There&#39;s also a fully automated valet.

Prices start from&nbsp;$649,900 for a one bedroom apartment, $849,900&nbsp;for a two bedder and&nbsp;$1,779,900 for a three bedroom apartment.

A limited number of residences are on offer with breathtaking sea views, stunning interior design and luxurious resort-style amenities

What residents can expect at Midwater at Main Beach

Apartments in Estilo on Kittyhawk, the second tower in the three building development by Gardner Vaughan Group, have hit the market.

The first tower in the Chermside development, north of Brisbane, is completed and sold out.

The family-ran developer are luring investors to the second tower&nbsp;with a $25,000 developer grant, as long as the purchasers pay a $25,000 deposit.

Situated right on Marchant Park, Estilo on Kittyhawk sits across the road from&nbsp;Westfield&#39;s premier shopping centre and is just over 10 minutes from the airport.

[smartcode_project:default project_id=6668 project_image_fid=153836]

Construction is underway on the second tower, which will home 78 apartments over eight levels that&nbsp;feature floor to ceiling acoustic glazed windows, which, from the higher level apartments, will take&nbsp;advantage of the&nbsp;views across parklands and the city.

One bedroom apartments start from $349,000, and two bedrooms from just $379,000.

They all feature kitchens with European appliance&nbsp;&nbsp;and stone benchtops throughout as well as bathrooms with imported luxury tiles and stylish designer tap ware.

[smartcode_project:default project_id=6668 project_image_fid=153838]

There is so much on offer at Estilo on the Park with a central swimming pool, expansive rooftop recreation&nbsp;area with indoor and&nbsp;outdoor rooms, not to mention new retail outlets on ground level.

Local amenities include bike paths, walking trails, sporting venues, picnic areas, and one of Brisbane&#39;s best playgrounds - Kidspace

Apartments in Estilo on Kittyhawk, the second tower in the three building development by Gardner Vaughan Group, are now available.

Investors save $25,000 on apartments in Chermside’s Estilo on Kittyhawk

A 27nd floor apartment in the 2017 Brisbane City complex Abian Residences has been sold for $3.1 million.

The sale by Ray White agent James McKinlay was the three bedroom, two bathroom at 3202/140 Alice Street.

It had previously sold off the plan in 2014 by Sunland at $2,705,000.

It came with floor to ceiling glass showcasing views across the Botanic Gardens and the Brisbane River and beyond to the Kangaroo Point Cliffs.

There was a vast living area is positioned at the centre of the apartment, plus a combined lounge and dining space, sleek kitchen and two separate balconies.

<a href="/developments/brisbane-qld?source_news_article_id=101203&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_brisbane_3.jpg" width="1200" /></a>

Occupying the east wing of the residence, the master bedroom had a luxe ensuite with underfloor heating and electric bidet.&nbsp;

The other two bedrooms are positioned on the west side, sharing river views.

Abian&#39;s facilities including a dual lane 25m lap pool and spa, fully equipped state-of-the-art Technogym, plunge pool, Hammam thermal stone room, sauna, steam room and massage treatment rooms.

Sunland secured its sellout in late 2015 in the 41-storey Abian tower development, located at the entrance to Brisbane&rsquo;s historic Botanic Gardens.

Abian, which was Brisbane&rsquo;s first luxury tower project in more than five years, comprises 150 luxury dwellings with an end value of $240 million.

There is a fresh listing of a sub penthouse - 3-bedroom + office - through Veronica Royal featuring 23-metre glass frontage at 2703.

It first traded at $2.69 million off the plan in 2014.

Ray White secured the $3.1 million Abian Residences trophy apartment sale 

jchancellor-FAypfDUnLy

$3.1 million Abian Residences, Brisbane City Sunland-built trophy apartment sale

Queen&rsquo;s Wharf Residences is the latest development by one of Australasia&rsquo;s largest developers, Far East Consortium.

Set to become one of the tallest buildings in the new $3.6 billion precinct, the 667-residence building still boasts a selection of one and three-bedroom residents available for purchase.

Urban takes a look at six reasons you should consider one of these apartments at Queen&rsquo;s Wharf. 
&nbsp;

1. Developed by Far East Consortium

[smartcode_project:default project_id=13276 project_image_fid=80721]

Far East Consortium is an international property development company with a strong Australian presence.

Established in 1960, the development group is now one of Asia&rsquo;s largest property developers, publicly listed on the Hong Kong Stock Exchange and contributing significantly to the Melbourne and Perth skyline.

The group has delivered urban renewal redevelopments equating to over $2 billion of completed projects with projects in excess of $7 billion across Brisbane, Gold Coast, Melbourne, Perth and Sydney in its pipeline.

2. Great architectural design

[smartcode_project:default project_id=13276 project_image_fid=80726]

The one, two and three-bedroom residences at Queen&rsquo;s Wharf have been curated by Cottee Parker to deliver the most to its residents.

Each apartment features winter gardens with lift and tilt windows, as well as feature views of the city, Botanic Garden or city views.

Design features in the home include herringbone floor tiles, expansive balconies and natural stone benchtops.

The building is targeting a 6 Green Star &lsquo;design and as built&rsquo; rating and is the largest residential project in Queensland doing so.

3. The ideal location

[smartcode_project:default project_id=13276 project_image_fid=80736]

Situated in Brisbane&rsquo;s historical heart, the project&rsquo;s atrium entrance on George Street directly connects the CBD through to the riverfront.

Queen&rsquo;s Wharf Brisbane is set to become Brisbane&rsquo;s signature landmark and the largest integrated resort development in Australia.

&ldquo;Standing like a mini Manhattan, the city will be framed on all four sides&rdquo;, the project marketing reads.

<blockquote>
&ldquo;To the North by Spring Hill, the Eagle Street riverside to the East, to the South by the City Botanic Gardens and to the West it will have Queen&rsquo;s Wharf.&rdquo;
</blockquote>

4. Heritage buildings

[smartcode_project:default project_id=13276 project_image_fid=80720]

Queen&rsquo;s Wharf is a site of great historical significance, hosting Australia&rsquo;s largest collection of carefully restored heritage buildings.

The precinct will feature iconic contemporary architecture alongside a collection of beautifully restored heritage buildings, including the Brisbane Printing Office.

<blockquote>
&ldquo;[Queen&rsquo;s Wharf] celebrates the precinct&rsquo;s Indigenous and European heritage with interpretative trails and experiences spanning the Brisbane River and ridgeline.&rdquo;
</blockquote>

5. A brand-new precinct

[smartcode_project:default project_id=13276 project_image_fid=80733]

Queens Wharf provides a truly global space to Brisbane&rsquo;s skyline, offering mixed retail tenancies, heritage building conversions and parks,

The 7.5-hectare precinct will welcome tourists and locals, along with a new The Star casino, Queen&rsquo;s Wharf and four international hotels.

Over 50 restaurants and bars will share 40,000sqm of retail space with local and international brands.

&ldquo;There is no better place to live than on the waterfront in one of Australia&#39;s greatest developments.&rdquo;

6. Five-star amenities

[smartcode_project:default project_id=13276 project_image_fid=80732]

Residents can enjoy five-star luxury amenities exclusively for them.

Spread over two levels, facilities include a 22-metre lap pool, spas, yoga spaces, steam room, gym, wine lounge, private dining rooms and cinema.

Among its amenities include:

<ul>
	<li>Level 4 retail and access the pedestrian bridge to South Bank</li>
	<li>World-class gaming lounges on Levels 5 and 6</li>
	<li>Level 6 Ballroom</li>
	<li>Level 7 opens up to a recreational deck community space</li>
</ul>

Urban takes a look at six reasons you should consider one of these apartments at Queen’s Wharf

Six reasons to secure a Brisbane apartment at the luxury Queen’s Wharf development

Vicland Property Group’s two breathtaking apartment buildings at Fortitude Valley offers a modern-day sanctuary in an energised urban village.

A prestigious collaboration by Rothelowman and Bruce Henderson Architects delivers residents a range of versatile, open-plan designs and luxury lifestyle offerings.

[smartcode_project:default project_id=6257 project_image_fid=141412]

The Coterie’s one and two-bedroom apartments deliver sophisticated simplicity, with a clean and functional design.

Separate study zones and sliding doors to some bedrooms enhance flexible living options as buyers seek work-from-home options.

[smartcode_project:default project_id=6257 project_image_fid=141413]

“Designer touches are apparent in every space with the refined treatment of contemporary polished surfaces, textural finishes and confident, monochromatic highlights”, the project marketing reads.

Bedrooms feature oversized mirrored wardrobes, plush carpets and full-height windows to enhance light and deliver views of the city skyline.

Walk-in robes and storage space has also been added to the benefit of homebuyers.

[smartcode_project:default project_id=6257 project_image_fid=141414]

The architects utilise smoky mirror splashbacks and glazing to increase a sense of depth into the home. This is also seen in the bathrooms, which feature bold black accents and simple forms to create a regenerative space.

Ensuites are appointed to most two-bedroom apartments and cleverly crafted.

Preserving the history of the site, the Coterie integrates an original heritage bakery façade and feature a ground-level retail presence.

[smartcode_project:default project_id=6257 project_image_fid=141415]

Residents will also have access to crafted social spaces that come together as two indulgent rooftop retreats, featuring&nbsp;an alfresco dining pavilion, rooftop pool, garden lounge seating and sun decks.

Two-bedroom residences are priced from $536,080, while three-bedroom penthouses begin at $2,310,000.

With limited apartments remaining, and only 1.5-kilometres from Brisbane’s CBD, The Coterie is not one to miss.

A prestigious collaboration by Rothelowman and Bruce Henderson Architects delivers residents a range of versatile, open-plan designs and luxury lifestyle offerings

Inside the two-bedroom apartments at Fortitude Valley’s The Coterie

The Sunshine Coast developer Henzell Property Group has sold-out its collection of terraces in its first stage of The Cove, their $200 million masterplanned community at Pelican Waters

The boutique release of just 15 townhomes and penthouse terraces, dubbed the Terrace Collection, were bought&nbsp;by owner-occupiers, predominantly those who live&nbsp;locally.

The five penthouse terraces were snapped up within a week of their release.

They are part of The Cove&#39;s first stage, Corsica Residences, which comprises 51 residences all up. There&#39;s been 39 sales so far.

Sales have been so quick Henzell have brought forward construction, which could start this month.

[smartcode_project:default project_id=27849 project_image_fid=151643]

Marcus Muir, sales and marketing director at Henzell, said a number of the buyers were attracted by the premium lifestyle on offer for residents in&nbsp;The Cove.&nbsp;

&ldquo;There&rsquo;s been a strong local owner occupier trend, with 80% of buyers from Pelican Waters, and all of them have been drawn by the quality of the residences and the level of exclusive resident amenities that would be right at home in a world-class resort.

&ldquo;We&rsquo;re experiencing exceptional demand across the entire Corsica Residences release which has set a remarkable early pace for our staged program to deliver The Cove&rsquo;s master plan over the next few years.&rdquo;

[smartcode_project:default project_id=27849 project_image_fid=151642]

The Cove will home a number of luxury, resort-inspired amenities including an outdoor lagoon style pool with a swim up bar, set within a tropical landscape and reserved for the exclusive use of residents.

The Cove is the final instalment in the Pelican Waters community which the Henzell family has been developing for more than 30 years.

The master-planned community will be delivered in four stages over the next four years and when completed it will comprise a total of 220 apartments and terrace homes, a grocer and waterfront restaurant.

The five penthouse terraces were snapped up within a week of their release.

Henzell Group secure $12 million Terrace Collection sell-out at The Cove Pelican Waters

The local Gold Coast developer Lacey Group has secured a near sell out of its luxury Palm Beach apartment development, The Monroe.

It was only six weeks ago Lacey Group secured approval from the Gold Coast City Council for the boutique development of just 33 on the&nbsp;Jefferson Lane dress circle.

Two weeks ago the apartments, ranging between $619,000 and $1.79 million, were launched to the market, with local owner-occupiers driving the purchasing.

Made up of a number of two and three bedroom apartments, a townhome and a penthouse, The Monroe also feature a rare&nbsp;expansive rooftop terrace offering 250sqm of recreation space and a pool.&nbsp;

Lacey Group director Adam Lacey says the latest project brings a new dimension to beachside living.

&quot;When designing The Monroe, we put a lot of thought into who our buyers would be and how they would experience living here&quot;, Lacey said.

<img alt="" height="975" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1789_2.01_interior_2bed_living_dining_r005_b.jpg" width="1500" />

&quot;The project was designed to appeal to local owner occupier downsizers, young professionals and those looking for a lock and leave beachside home.

Early site works for The Monroe are expected to commence by mid this year to pave the way for construction to start. 
 
Jayde Pezet and Todd Matheson, of KM Sales and Marketing, who marketed The Monroe, said&nbsp;65 per cent of sales made were from databases or purchasers who have previously bought in Lacey Group projects.

&ldquo;The number of sales to previous Lacey Group buyers is testament to the quality of project delivered by Adam and the team, and is further evidence of the unprecedented demand for off-the-plan apartments in a market that is becoming increasingly competitive,&rdquo; Pezet said.

Pezet believes quick sell outs will become even more&nbsp;common due to the pressure cooker type situation in the Gold Coast property market.

<a href="/developments/gold-coast-qld?source_news_article_id=101062&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_5.jpg" width="1200" /></a>

&ldquo;There&rsquo;s virtually zero rental vacancy across the city, and this is leading more people to consider buying, however those who do are finding there are dozens of purchasers lining up to make offers on an established property.

&ldquo;In turn, this has prompted an uptick in interest for off-the-plan apartments, so buyers really need to be on a database to ensure they don&rsquo;t miss out.&quot;

The Monroe is the second Lacey Group project to be developed on Jefferson Lane, following the sellout success of the $32million The Jefferson, which was sold out prior to completion in July 2019.

Two weeks ago the apartments, ranging between $619,000 and $1.79 million, were launched to the market, with local owner-occupiers driving the purchasing



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