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.

[smartcode_project:default project_id=150128 project_image_fid=366285]

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.

[smartcode_project_cta:default project_id=150128]

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.

[smartcode_project:default project_id=135149 project_image_fid=368157]

“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?

The luxury Gold Coast riverfront apartment development&nbsp;One Cannes has been inundated with enquiry and buyers, with only a few apartments now remaining.

Of the&nbsp;80 two, three and four bedroom apartments designed by&nbsp;Plus Architecture, the majority were sold to local downsizers, demostrating the continued appetite for spacious and ultra-luxurious apartmenst in an unmatched water location for those with shrinking households.

The remaining One Cannes apartments all have&nbsp;water views,&nbsp; entertainers kitchens with European appliances and 40mm stone benchtops, starting from the low $800,000&#39;s, with the four&nbsp;bedroom penthouses priced between $2.7&nbsp;million and $3.5 million.

Urban has taken a closer look at why One Cannes is selling out fast.

[smartcode_project:default project_id=97810 project_image_fid=160635]

The tower has plenty on offer, without even stepping out the lobby, with&nbsp;onsite amenities at the forefront.

The ground floor is home to a riverfront infinity pool surrounded by cabanas and sun lounges, as well as a full-sized gym, sauna, and a yoga and pilates studio, oriented toward the Main River and adjoining parklands.

Plus it makes working from home a breeze with a business lounge, boardroom, private offices and meeting rooms. There are also working offices for solo use.

[smartcode_project:default project_id=97810 project_image_fid=160630]

One Cannes offers oversized apartments wrapped by floor to ceiling glass, and every apartment boasts river views&nbsp;as well as stunning skyline, ocean &amp; hinterland vistas.

The&nbsp;secluded, leafy dress circle enclave is a quite residential address with absolute river and park frontages, all while remaining just a five&nbsp;minute walk to a patrolled beach and cafes.

Every five star home is&nbsp;host to premium finishes, with the hub of the home the entertainers&#39; kitchen with European appliances and 40mm stone benchtops.

[smartcode_project:default project_id=97810 project_image_fid=159844]

Located between Broadbeach and Surfers and surrounded by retail amenity, One Cannes is&nbsp;Marquee&#39;s second successful project along Cannes Avenue, following their sellout Cannes Waterfront Living.

One Cannes marks Marquee&rsquo;s seventh project on the Gold Coast, bringing its total portfolio value of completed and future projects on the Gold Coast to more than $400 million.

One Cannes has plenty on offer without even stepping out the lobby with a five-star resort style amenities inspired by the French Riviera spread across two full levels

jordan_55689

Why One Cannes in Surfers Paradise should be on buyer's shortlist

A half floor apartment in the Gold Coast Sentinel apartment complex has been sold for $1,235,000.

It sold last week through Ray White agent Jackson Paradise.

[smartcode_project:default project_id=97810 project_image_fid=160635]

The apartment had last traded in 2016 at $855,000. It first sold at $650,000 in 2002.

The apartment has 187 sqm of space occupying half of the 11th floor.

It is in a 30 storey residential-only building completed in 2001 by the Willemsen Group.

The Sentinel apartment offers views of the city skyline, river, Broadwater, mountains and beyond.

The master suite with walk in robe and ensuite is separated from the other two bedrooms by the living, entertaining, kitchen and dining areas, plus a separate home office.

Its facilities include a riverfront infinity edge swimming pool and BBQ area, gymnasium and indoor and outdoor entertaining areas surrounded by manicured lawns and gardens in the quiet riverfront enclave known as Budds Beach.

 
&nbsp;

A half floor apartment in the Gold Coast Sentinel apartment complex has been sold for $1,235,000

jchancellor

$1.23 million Sentinel, Surfers Paradise half floor trophy apartment sale

South East Queensland is arguably experiencing its strongest market in two decades, but it&#39;s not all down to the impact of COVID-19.

Mosaic Property founder and managing director Brook Monahan&nbsp;says&nbsp;the pandemic just brought forward the anticipated boom.

&quot;We had been saying,&nbsp;well before COVID-19 hit, that we&nbsp;expected the market to boom around mid 2021&quot; Monahan said.

&quot;Rather than creating the boom, COVID just brought it forward six&nbsp;months or so.

&quot;COVID just exacerbated existing trends,&quot; Monahan noted, adding that the interstate migration trend had been running hard since early to mid-2018.

&quot;There was nothing new, apart from the fact COVID shone a spotlight on SEQ which had all of the components for a better lifestyle. It&#39;s affordability, solid infrastructure and pipeline and the fact it&#39;s a great place to live were key components of our market before COVID.&quot;

Monahan naturally highlighted the impacts of generous housing stimulus and fiscal support due to the pandemic keeping the property and job market afloat, but stopped short of suggesting those were the only reasons for the current boom times.

<img alt="" height="880" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dawn_main.jpg" width="1200" /> 
Mosaic&#39;s Mermaid Beach development Dawn. Image supplied

He cited the availability of credit and ongoing low interest rates as other key drivers.

There&#39;s also the fact that, apart from those who work in either the retail or aviation fields, many&nbsp;have increased their savings rates with the lack of expenditure on the likes of overseas travel and are putting their money in to the property market. And that&#39;s brought about the best market SEQ has seen in 20 years.

&quot;It&#39;s been a long-time coming,&quot; Monahan says.

&quot;We haven&#39;t seen a genuine broad based boom in SEQ since late 2001, which lasted until around early 2004,&quot; Monahan said.

Monahan just missed the boat on the last boom,&nbsp;founding&nbsp;Mosaic in 2004. But there&#39;s no looking back for Monahan, who initially started off restoring and building Queenslanders in Brisbane&#39;s affluent suburbs some 17 years ago.

Post the GFC, the company moved in to producing higher density projects, albeit relatively low density compared to the rest of the Brisbane market.

The change in demand for the larger&nbsp;owner-occupier hasn&#39;t caught the team cold either. Their projects have always been geared toward owner-occupiers.

The&nbsp;owner-occupier demographic has the key driver of the booming&nbsp;Gold Coast market for the last 12 months or so, with Mosaic seeing some of the quickest sales ever seen in the coastal Queensland hotspot.

Mosaic sold-out their&nbsp;$128 million Bela by Mosaic on Peerless Avenue, so when the opportunity arose to create a project less than 100 metres, Mosaic took the opportunity and launched Dawn.

&quot;We had a heap of buyers who missed out on Bela who were immediately interested in Dawn&quot;, Monahan said. They saw the 30 level, 87 apartment tower, comprising just&nbsp;two and three bedroom apartments, sell out within two weeks of its launch.

<img alt="" height="761" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/dawn_mosaic_2.jpg" width="1200" />

Apart from a few buyers from Melbourne and Brisbane buying apartments as a second home, around 75 to 80 per cent were local owner-occupiers.

Mosaic are set to launch a couple more projects in 2021, having all-but sold out of their current portfolio on the market.

They still have a few apartments left in their Toowong project&nbsp;Kensington in Toowong, their&nbsp;eighth&nbsp;project the company have developed in Brisbane&#39;s inner west.

[smartcode_project:default project_id=93863 project_image_fid=160903]

Designed in partnership with&nbsp;Cottee Parker, Kensington by Mosaic will home 63 two and three bedroom apartments and one penthouse over nine levels.

There will be a communal rooftop entertainment area with an infinity-edge pool, sun deck, barbecue and dining areas.&nbsp;

Kensington by Mosaic is not farm from Mosaic&#39;s sold out The Patterson. The 62 apartments, predominantly secured local owner-occupiers, took just four weeks for 90 per cent of the $72 million building to sell last October.

Urban recently spoke with Mosaic Property Group founder Brook Monahan about the SEQ market

COVID didn't trigger the SEQ market boom, it just brought it forward: Five minutes with Mosaic Property boss Brook Monahan

A $4.1 million sub-penthouse sale has been secured in the recently completed 31 Broadbeach development on the Gold Coast.

Kollosche Prestige secured the Broadbeach sale.

The 21/31 Broadbeach Boulevard apartment first sold in 2018 at $3.55 million.

In the past six months there have been five sales between $3.6 million and $3.85 million direct from the developer, Optimus Developments, which was established in 2013.

The top floor sold in 2018 at $5.2 million.&nbsp;

The recently completed $65 million 31 Broadbeach Boulevard Residences has just the 22 apartments across its 20 levels, with large single floor apartments with private lift access. There&#39;s also a two-level penthouse and an elevated ground-floor beach house.

<a href="/buildings/31-broadbeach-boulevard-broadbeach"><img alt="" height="1798" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/broadbeach.jpg" width="1200" /></a>

The now sold out apartments have natural limestone and veneer finishing throughout. There&#39;s butler&rsquo;s pantries and high-end appliances.

The developer installed office spaces within the apartments allowing a flexible working and living environment.

There is access to a rooftop pool plus easy beach access to the surf break.

The building has a striking off form stained concrete fa&ccedil;ade and iconic building crown.

Andrew Bampton, Gold Coast project marketing specialist, introduced Optimus to the site in 2018 as their first Gold Coast project.

[smartcode_project:default project_id=9815 project_image_fid=76165]

Bampton suggested a different approach to what was established by Reed Property Group in 2017.

&ldquo;The original proposal didn&rsquo;t optimise the potential of this prime site on Broadbeach Boulevard overlooking the beachfront in the heart of Broadbeach,&quot; Bampton said.

&ldquo;Through our input, we brought a great deal of local knowledge to the developer and the results speak for themselves.

&ldquo;The focus for us was to create a premium coastal residence with large yet cosy living spaces that take advantage of the uninterrupted ocean views and that meet the needs of buyers looking for a true home by the sea.&quot;

<a href="/developments/gold-coast-qld?utm_source=news_article.project_embed&amp;source_news_article_id=100699&amp;ref=news_body_link?"><img alt="" height="739" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-13_at_10.54.13_am_1.png" width="1112" /></a>

The 31 Broadbeach complex has seen a $4.1 million sub-penthouse sale

$4.1 million sub-penthouse resale at recently completed, sold out 31 Broadbeach

A beachfront site in Main Beach will be transformed with plans lodged with the Gold Coast Council for a $100 million luxury apartment tower aimed at empty nester buyers.

The developer Greg Eastment has unveiled plans for a 17-storey tower, to be designed by BGD Architecture, just weeks after securing the site for $16 million.

The application will see the demolition of a 50 year old three-storey unit complex known as Four Corners.

Plans for the 787sq m site indicate the tower will have 15 units.

It proposes 12 three-bedroom whole floor units plus double storey five-bedroom units on the higher&nbsp;levels.

<a href="/developments/gold-coast-qld?utm_source=news_article.project_embed&amp;source_news_article_id=100698&amp;ref=news_body_link?"><img alt="" data-entity-type="" data-entity-uuid="" height="739" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-13_at_10.54.13_am.png" title="Search New Projects on the Gold Coast" width="1112" /></a>

There will be a three storey penthouse in the Bayden Goddard-designed block.

The residents on moving in in 2023 will be just metres from the Tedder Ave dining precinct.

The application&nbsp;provides 24 residential car parking spaces and three visitor car parking spaces

The development also provides 16 residential bicycle parking spaces and two visitor bicycle spaces.

The Four Corners site, at 3519 Main Beach Parade, also fronts Breaker St.&nbsp;Developer Danny Andrews has launched his 16-floor luxury tower, Dune, on a nearby beachfront site.

The Gold Coast Bulletin reports prestige property agent Harry Kakavas was advising Eastment and will market the project.[smartcode_project_cta: project_id=100294]

The beachfront site in Main Beach will be transformed into a $100 million luxury Bayden Goddard-designed apartment tower

Tower reveal: $100 million tower proposed for Four Corners, 3519 Main Beach Parade, Surfers Paradise site

Just 10 days after launching&nbsp;their Surfers Paradise residential tower One Cannes, Marquee Development Partners saw 65 per cent of the apartments snapped up.

There were more than $55 million worth of sales in the week and a half following its end of April launch of its 78 two, three and four bedroom apartments, which only received council sign off three weeks ago.

The development, designed by Plus Architecture between Broadbeach and Surfers, is Marquee&#39;s second successful project along Cannes Avenue following their sellout Cannes Waterfront Living.

The remaining One Cannes apartments, each featuring water views which are showcased&nbsp;through the floor to ceiling glass windows,&nbsp;start from the low $800,000&#39;s, with the four to five bedroom penthouses priced between $2.39 million and $3.5 million.

[smartcode_project:default project_id=97810 project_image_fid=159844]

Marquee&#39;s sales director Azura Griffen said the majority of buyers have been local downsizers who are looking to sell their large family home, as well as existing apartment owners who are looking to upgrade. 
 
&ldquo;We have had a high number of purchasers who are already accustomed to apartment living, but who are upgrading to One Cannes for its premium location, unrivalled level of luxury interiors and 5-star amenities,&rdquo; Mrs Griffen said. 
 
&ldquo;We are thrilled with the rapid response to One Cannes, and it just goes to show that owner-occupiers have that strong desire for the luxury living amenities &ndash; and it appears we have exceeded their expectations,&rdquo; Griffen added.

&ldquo;It is a fundamental belief of ours that well-considered design improves the way we live.

Marquee are well regarded as creating projects with the onsite amenities at the forefront. One Cannes has been no exception.

The ground floor is home to a riverfront infinity pool surrounded by cabanas and sun lounges, as well as a full-sized gym, sauna, and a yoga and pilates studio, oriented toward the adjoining parklands.

[smartcode_project:default project_id=97810 project_image_fid=160637]

Marquee drew inspiration from the QANTAS first class lounges for their business lounge, boardroom, private offices and meeting rooms. There are also working offices for solo use. 
 
&ldquo;From the outset we wanted to raise the bar on work-life-balance on the Gold Coast, allowing One Cannes residents to balance work commitments whilst enjoying their coastal lifestyle,&quot; Griffen said. 
 
The One Cannes development marks Marquee&rsquo;s seventh project on the Gold Coast, bringing its total portfolio value of completed and future projects on the Gold Coast to more than $400 million.

For more information from Marquee, visit <a href="https://marqueedp.com.au/">their website here</a>.

&nbsp;

There were more than $55 million worth of sales in the week and a half following its end of April launch

Buyers snap up apartments in Surfers Paradise development One Cannes

A resale in the Northcliffe Residences absolute beachfront complex in Surfers Paradise has seen a $300,000 price gain for the vendor. The first floor luxury three bedroom apartment fetched $2.55 million through First National last week.

The 101/3 Northcliffe Terrace apartment had been bought in 2019 for $2.25 million through the same agency.

The 233sqm space came with three ensuited bedrooms plus a media room.

A 12th floor apartment was onsold earlier this year at $3 million, having initially sold at $2.4 million in 2019.

<a href="/developments/gold-coast-qld?source_news_article_id=100418&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.png" width="1200" /></a>

It is a residential only building with onsite facilities including a beach club lounge and beachfront pool, plus sauna and steam rooms.

With architecture and interiors by Cottee Parker, it was initially marketed as the first absolute beachfront residential-only high-rise to be released on the Gold Coast in over 10 years.

It is 25 levels, with 75 apartments being a mix of one, two or three-bedroom residences.

The developer, CNQC in collaboration with Eastview, achieved pre-sales of more than $60 million in 2016 for its $111 million beachfront tower.

Global development and construction giant Qingjian Group Co Ltd, the Chinese conglomerate known as CNQC, has ranked in China&rsquo;s Top 500 enterprises for over a decade and has developed major infrastructure and residential projects across the world.

The beachfront first floor luxury apartment in Northcliffe Residences fetched $2.55 million last week

Beachfront Northcliffe, Surfers Paradise luxury apartment sale yields $300,000 price gain

The Brisbane-based Consolidated Properties Group chief executive and chairman Don O&rsquo;Rorke says his &ldquo;formula for apartments has changed pretty significantly&rdquo; following the pandemic.

The shift was especially in terms of offering more space.

O&#39;Rorke noted it was being implemented in its Yeerongpilly, Cornerstone Living project at Coopers Plains.

And also will be implmented at its Toowong project at 600 Coronation Drive on the former ABC riverside site.

[smartcode_project:default project_id=13477 project_image_fid=55318]

&ldquo;The simple fact of it is &mdash; convenience and accessibility is an important factor for almost all purchasers,&rdquo; Mr O&rsquo;Rorke told The Australian.

He recently noted supply concerns.

&quot;We are seeing new enquiries and I think there is recognition that the supply won&rsquo;t be there in the medium to long term.

&quot;So there&rsquo;s certainly no chance of an oversupply, and probably an undersupply across all sectors of the apartment market including both investors as well as owner occupiers,&quot; he told UDIA Queensland CEO Kirsty Chessher-Brown in a recent forum.

&quot;We are looking to be optimistic about things,&quot; O&#39;Rorke noted

He also noted that the HomeBuilder stimulus packages seemed to be targeted towards house and land, rather than apartments, adding &quot;house and land is very much a here and now experience, whereas apartments is a commitment to an acquisition in two years&rsquo; time, so there&rsquo;s a different sentiment running through that product.&quot;

The Queensland developer Don O’Rorke says the “formula" for post pandemic apartments needed to change pretty significantly

Don O’Rorke says the “formula" for post pandemic apartments needed to change significantly

Prestige apartments on the Gold Coast are currently flying off the shelves, with downsizers and owner-occupiers keen for a quiet lifestyle by the beach.

The entry level apartments in the idyllic tourist hotspot are the next wave to be snapped up, as investors continue to come back in to the market.

There was a 19&nbsp;per cent rise in of new loan commitments by investors in Queensland in the 12 months to March 2021.

Urban has had a look at the best on offer in Surfers Paradise under $600,000.

1. Chevron One 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
One-bedroom apartments from $480,000

[smartcode_project:default project_id=6515 project_image_fid=68834]

Bensons Property Group&rsquo;s Chevron One offers residents holiday-style living year-round, with close to 2000 sqm of resort-style amenities.

Designed by Marchese Partners, the project includes a Club One residents&rsquo; lounge, floating cinema, dining facilities and sculpted gardens.

Chevron One&rsquo;s intuitive design and quality finishes make it easy to love, providing the best in coastal apartment living with 360-degree uninterrupted views never to be built out.

2. <a href="/buildings/serenity-surfers-paradise-14-cannes-avenue-surfers-paradise?utm_source=news_article.project_embed&amp;source_news_article_id=7182&amp;ref=news_body_link?source_news_article_id=100406&amp;ref=news_body_link">Serenity&nbsp;Surfers Paradise</a> 
Address: 14 Cannes Avenue, Surfers Paradise QLD 4217 
Two-bedroom apartments from $589,900

[smartcode_project:default project_id=7182 project_image_fid=28682]

Set over 10 floors, Serenity offers homebuyers the chance to secure a home at one of Australia&#39;s most coveted holiday destinations.

Boasting a selection of one, two and three-bedroom homes, the development provides the excellent opportunity to secure a home in an amenity-rich development with a designated rooftop recreation zone, complete with lounge areas, barbeque facilities, a spa and views spanning Surfers Paradise.

3. <a href="/buildings/ocean">Ocean</a> 
Address: &lrm;84 The Esplanade, Surfers Paradise QLD 4217 
One-bedroom apartments from $425,000

[smartcode_project:default project_id=7974 project_image_fid=72337]

The&nbsp;Meriton-developed Ocean at Surfers Paradise will soon be the tallest high-rise in the area, standing at 252 metres and 76 levels, therefore there will be a number of the higher apartments which look down on every building in the popular Gold Coast tourist hotspot.

Each of the&nbsp;SJB-designed apartments are&nbsp;complete with floor-to-ceiling windows, made to take full advantage of its iconic beachfront views. Properties are available in a selection of one, two or three-bedroom apartment configurations, with one beds starting from $425,000. Prices over the last six months have ranged from $450,000 to $1.4 million.

<a href="/developments/gold-coast-qld?utm_source=news_article.project_embed&amp;source_news_article_id=100406&amp;ref=news_body_link?"><img alt="" height="739" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-13_at_10.54.13_am_0.png" title="Search New Projects on the Gold Coast" width="1112" /></a>

Serving as a hot vacation spot for Australians and international visitors alike, with its breathtaking beach and plethora of nightlife options, Surfers has it all without breaking the bank

Top Surfers Paradise apartments under $600,000

Southport is not only the CBD&nbsp;of the Gold Coast with&nbsp;the city&#39;s largest area of office space but also the central entertainment location of the Gold Coast.

In current times it is set apart from the normal tourist hub of the Gold Coast, however there is still plenty to see.

The Gold Coast&rsquo;s best restaurants, boutiques, and cultural institutions are just a&nbsp;walk away from, choose from an everflowing list of award-winning grocers, cinemas, cafes, malls &amp; eateries.

With so much convenience on offer it isn&#39;t a surprise that&nbsp;Southport has 18&nbsp;high-rise towers&nbsp;either completed, under construction or awaiting commencement.

Urban took a look at three of the best and most affordable on offer:

1.&nbsp;<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Regal Residences Imperial Square</a> 
Address:59-73 Meron Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$364,000

[smartcode_project:default project_id=29350 project_image_fid=154910]

Gold Coast developer Azzura have&nbsp;fast-tracked construction of Regal Residences, the first stage in their $2.3 billion Imperial Square development in Southport.

Also featuring 200 hotel suites, local&nbsp;construction company Descon Group Australia is on the job.

Already around half of the 145 apartments in Regal Residences have sold, with&nbsp;Azzura&#39;s&nbsp;sales director Jason Paris pinning the strong sales on the pent-up demand for new product in the city&rsquo;s CBD hub.

Regal Residences will also include a range of commercial&nbsp;spaces on completion, rooftop bars, and amenities such as rooftop infinity pool, steam room, sauna, gymnasium, spas, zen garden, BBQ and a residents lounge.

Part of the project will be a 108-level tower, set to be one of Australia&#39;s tallest buildings.

2. <a href="/new-apartments/rise-on-minnie-23-minnie-street-southport">Rise on Minnie</a> 
Address: 23 Minnie Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$339,500

[smartcode_project:default project_id=8233 project_image_fid=140838]

Inside Rise on Minnie, designed by RH Frankland you will find beautiful white walls, stone benchtops and expansive living areas that style to your new apartment.

Whether you&rsquo;re at home with your loved ones or hosting a gathering, the modern interior seamlessly enhances your time spent at home; the perfect blend between beautiful design and function.

Just minutes away from the Gold Coast University Hospital, Griffith University, Gold Coast TAFE and some of the best schools on the Gold Coast including The Southport School and St Hilda&rsquo;s. You&rsquo;ll find all you need right outside your door.

Enjoy your own private rooftop terrace featuring&nbsp;BBQ facilities to entertain family and friends whilst enjoying views of the Surfers Paradise Skyline

3. <a href="/buildings/the-mill-137-eugaree-street-southport">The Mill</a> 
137 Eugaree Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$485,000

[smartcode_project:default project_id=7435 project_image_fid=153965]

The Mill presents a collection of 27 spacious apartments, thoughtfully designed to appeal to those who value quality, luxury, space and design.

Developed by PSA Group and designed by BDA Architecture, don&#39;t miss the opportunity to live a life of opulence surrounded by everything you need right at your doorstep.&nbsp;

Inside your new home, you will be greeted with quality at every turn, spacious living that seamlessly connects indoor with your private outdoor garden room.

Expansive bedrooms double as private retreats, elegant bathrooms with refined finishes and fittings and impressive kitchens with stone benchtops, 2-pak joinery and the very best European appliances. Your light-filled apartment is positioned to take in the prevailing breezes and captivating views across the hinterlands and Gold Coast skyline.

Your new home also features lift access, timber flooring, air conditioning and one car space with generous separate storage. The Mill rooftop terrace is truly unlike any other complete with alfresco dining areas and barbeque facilities.

Queen Street Village, a $550 million integrated masterplanned community is already taking shape and once complete will be within walking distance. It will feature an urban village with retail, dining and entertainment, as well as commercial office space, a medical centre and cinema.

The newly developed Southport Broadwater Parklands provides the suburb with a sheltered seaside precinct to rival Brisbane's South Bank

Latest Queensland Property News

Bilinga House apartments snapped up as Greyburn commences construction

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Queensland Property News

Bilinga House apartments snapped up as Greyburn commences construction

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News