South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Joel Robinson

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

[smartcode_project:default project_id=151821 project_image_fid=368352]

Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

Fresh off completing its Delano Crows Nest development, Lindsay Bennelong has lodged plans for its next project, this time turning its attention back to the beach.

The developer, started 20 years ago by Clarendon Homes founder Peter Campbell, is proposing a 37-apartment scheme at <a href="https://www.apartments.com.au/new-apartments/17-25-ashburner-street-manly-nsw-2095">17-25 Ashburner Street</a>, Manly, positioned between the southern end of <a href="https://www.apartments.com.au/developments/manly-nsw-2095">Manly</a> Beach and East Manly Cove.

Lindsay Bennelong called on local architecture firm Platform Architects to design the new building, given their success at Finn, Lindsay Bennelong's current luxury apartment project on North Steyne.&nbsp;

According to the Design Verification Statement by Bridie Gough of Platform Architects, the proposal “relates to the current context but also the desired future character of taller buildings suitable to the new planning controls.”

The site has been identified as a Low to Mid-Rise Housing (LMR) location, given its position within 400 metres of the Manly Town Centre E1 Business Zone. The LMR controls are intended to unlock additional housing supply in well-located areas close to public transport, allowing developers to seek increased height limits to support greater density.

“The proposal seeks to provide this increased level of housing whilst being respectful of some of the smaller scale buildings also nearby,” the statement reads.

Lindsay Bennelong Development Director Leigh Manser said the project has been carefully aligned with the intent of the LMR controls. The proposal will significantly increase housing yield on the site, replacing four houses and 10 apartments, comprising 25 bedrooms, with 37 new apartments delivering a total of 94 bedrooms, whilst remaining compliant with the LMR controls.

“Sydney is in a severe undersupply, and delivering more dwellings and more bedrooms than what currently exists is exactly what the LMR policy is designed to activate,” Manser said, noting that nine of the apartments will be allocated as affordable housing for frontline workers.

“We have already commenced discussions with our community housing provider to determine the rental levels that frontline workers can realistically afford in this location,” he said. “These will need to sit well below the standard affordable housing benchmark of 20 per cent below market rent, and that has been factored into our feasibility and pricing.”

<img alt="Manly" data-entity-type="file" data-entity-uuid="ad03000f-19f9-48b4-b27d-e85ca800a1da" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%208.41.59%E2%80%AFAM.png?VersionId=a.txHwCZgbCInlQ6QXbIrI.umvW1T.r8" />

The design of the building incorporates a wave-like indentation running through the façade, referencing the nearby coastline and anchoring the building within its local context.

The&nbsp;Design Verification Statement says careful consideration has been given to the articulation of the building, ensuring the bulk is broken down to a more human scale through a defined four-storey podium."

The scheme includes a mix of one-, two- and three-bedroom apartments, as well as a full-time building manager's office and wellness facilities including a sauna and a gym.

“The design ensures a high level of amenity, with apartments offering generous private open space, many with expansive views, and all with comfortable proportions."

<img alt="Bennelong" data-entity-type="file" data-entity-uuid="6a7f2812-72a1-4959-84b0-997e8cd88aed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-30%20at%2010.15.50%E2%80%AFAM.png?VersionId=6iMxU3MkXmHVHAoNhYBjnqgka8CUZNbk" />

<a href="https://www.apartments.com.au/developers/lindsay-bennelong-developments">Lindsay Bennelong</a>&nbsp;is currently developing Finn Manly, just four full-floor luxury apartments on North Steyne. They recently welcomed residents to its 81-unit Delano Crows Nest development, a&nbsp;carefully scaled infill project designed to bridge&nbsp;<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a>’s lively village centre with its surrounding heritage streets.

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/ajc-architects">AJC Architects</a>,&nbsp;<a href="https://www.apartments.com.au/new-apartments/delano-crows-nest-27-57-falcon-street-crows-nest-nsw-2065">Delano</a>&nbsp;is arranged across three low-rise buildings, incorporating a mix of one, two, and three-bedroom apartments alongside a limited number of townhomes addressing Hayberry Lane. The architectural approach drew on the area’s Art Deco lineage, reinterpreted through contemporary detailing and framed by landscaped communal gardens.

The developer also has a development site in Maroubra.

First look: Lindsay Bennelong's new Manly apartment development revealed

Fifty-nine residences across 37 levels. No more than two per floor. With 80 per cent now sold, what remains at <a href="https://www.apartments.com.au/new-apartments/madeline-by-mosaic-broadbeach-22-mary-avenue-broadbeach-qld-4218">Madeline by Mosaic</a> is a short list.

Madeline was always conceived at a scale that sits outside the normal register of Gold Coast apartment living. The residences are half- and full-floor configurations, with the largest spanning more than 400 sqm, dimensions that place them closer to the penthouse end of the market regardless of where they sit in the building.

That scale is the organising principle of everything else: how the floorplans are laid out, how the materials read, how the connection between inside and outside works.

[smartcode_project:default project_id=150135 project_image_fid=355941]

The interiors were developed in collaboration with <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, the architecture practice&nbsp;<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic</a> brought in as design partner for the first time on this project. The palette runs to natural stone, textured timbers, and soft metallics, materials chosen as much for their tactile quality as their appearance.

Light cleverly shifts across surfaces through the day, and the design is explicit about wanting that to be noticed. Full-height glazing runs across the primary living areas, and where the building faces east toward the ocean, those walls of glass are doing real work: framing a view corridor that the site's position directly opposite Broadbeach State School's playing fields keeps permanently open.

That outlook is the site's most consequential asset. In a suburb where new towers continue to rise, a protected view line is genuinely rare, and the Mary Avenue address secures it. Residents at Madeline will look out over open parkland rather than the rear of another building, a distinction that becomes more meaningful with each new development approved nearby.

[smartcode_project:default project_id=150135 project_image_fid=355939]

The private outdoor spaces are sized to match the residences themselves. Terraces on the upper levels frame uninterrupted ocean panoramas, and the planning ensures that living areas extend into those outdoor zones rather than treating them as separate attachments. The flow between the two is part of the design intent, not an afterthought.

Inside, the finish specification reflects the same approach. Rich stone benchtops, warm timber joinery, bespoke hardware, each element specified to hold up over time rather than read as a moment in a particular trend cycle.

[smartcode_project:default project_id=150135 project_image_fid=3409]

Beyond the residences, the amenity offering extends that register. A lap pool and sun deck anchor the outdoor space, alongside a magnesium pool, cold plunge, steam room, and sauna.

A commercial-grade gymnasium, residents' lounge, library, and boardroom round out a programme that functions more like a private members club than a standard building amenity floor.

Construction has commenced under Mosaic's in-house building arm, with completion scheduled for late 2028.

[smartcode_project_cta:default project_id=150135]

Madeline by Mosaic delivers penthouse-level living across every apartment

Developer Fortezza Group is the latest to take its new apartment development, <a href="https://www.apartments.com.au/new-apartments/the-belvedere-5-7-church-street-nelson-bay-nsw-2315">The Belvedere in Nelson Bay</a>, to the NSW Government.

Fortezza, predominantly a South East Queensland developer, is the latest to apply for State Significant Development&nbsp; status through the NSW Government's Housing Delivery Authority, a pathway becoming favoured by developers to speed up the approval process.

They are planning 57 two- and three-bedroom apartments across 5-7 Church Street and 42 Donald Street, near d'Albora Nelson Bay Marina. The diverse apartment mix has sizes from just over 80 sqm to the largest three-bedroom penthouses that reach nearly 200 sqm.

<img alt="Fortezza" data-entity-type="file" data-entity-uuid="090360e1-66d7-43ad-b686-aba81f173bf2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%2010.22.40%E2%80%AFAM.png?VersionId=DMqF96eBZolqSAAAcugX0l66ueWng66m" />

Fortezza calls the project a "piece of Istria in Nelson Bay,"&nbsp;referring to the largest peninsula in the Adriatic Sea, shared by Croatia (90%), Slovenia, and Italy, which is known for its Roman history, Venetian-style coastal towns and inland hilltop villages.

They say the The Belvedere is strategically positioned at the apex of Nelson Bay, offering unrivalled views of the ocean, the bay and captivating topography of the area.

"Our commitment to maintaining the integrity of every view and sight line has been relentless," Fortezza Group says.

"Through extensive modelling and analysis, we ensure that each apartment enjoys the natural beauty of Nelson Bay, regardless of future developments. Each design element is carefully curated to harmonise with our European heritage, drawing profound inspiration from the Roman architectural marvels in Istria. The arches, the cascades of greenery and the stonework that define our project pay homage to the structures that once exemplified Roman grandeur."

Residents will have access to a pool, communal green spaces, an office and a coffee shop.

First look: Fortezza Group takes The Belvedere, Nelson Bay apartment development, to NSW Government

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?

Compared to the rest of Australia's eastern seaboard, the Sunshine Coast has been relatively quiet when it has come to new apartment developments.

Where the likes of Sydney, Newcastle, Gold Coast and Brisbane have boomed in the new development market, the Sunshine Coast has grown strongly but steadily while retaining its quaint village lifestyle.

It's been a scarcity of new development that Citimax Property Group has leaned into, with its second new apartment development in as many years in Kings Beach, just outside of Caloundra with a population of just over 3,000 people.

Fresh off the back of selling out Ocean Verge before it completed construction, <a href="/developers/citimax-property-group">Citimax </a> is well on its way to delivering its latest new apartment project to Kings Beach.

<a href="/new-apartments/ascend-kings-beach-37-39-moreton-parade-kings-beach">Ascend Kings Beach</a>, on Moreton Parade just a few rows back from the beach, will comprise just 23 large-scale apartments when completed later this year.

a[smartcode_project:default project_id=137471 project_image_fid=323327]

Only six three-bedroom apartments remain, all featuring large internal living spaces and many with water views from the open plan living and dining area, and the balcony. They are priced from $1,275,000.

So far the development has been a hit with local downsizers from the South East Queensland region, Property &amp; Estates agents Rick Williams and Damian Brown note. That's been down to the house-sized proportions and inclusions that suit the downsizer demographic, things like a butler's pantry, expansive master bedrooms with walk in wardrobes and ensuites, and secure basement parking.

[smartcode_project:default project_id=137471 project_image_fid=323325]

There's also been a conscious effort by Citimax to create a lifestyle at Ascend. They have built into the development impressive amenity in the form of a swimming pool and recreation deck, and a gym.

Citimax secured the prime Moreton Parade site several years ago due to its proximity to the beach,&nbsp;boardwalk, cafes, and retail precincts, all within walking distance from Ascend.

[smartcode_project:default project_id=137471 project_image_fid=323326]

Ascend is one of the only new developments under construction in&nbsp;<a href="/developments/kings-beach-qld-4551">Kings Beach</a>, and the supply pipeline suggests there are few competing opportunities in the short to medium term to downsize into something brand new.

[smartcode_project_cta:default project_id=137471]

Ascend Kings Beach, on Moreton Parade just a few rows back from the beach, will comprise just 23 large-scale apartments when completed later this year.

Citimax to continue to elevate Sunshine Coast living with Ascend Kings Beach

Walker Corporation has received Development Approval for its twin towers in Maroochydore City Centre, bringing 251 new homes to one of the country’s tightest residential real estate markets.

Comprising two 19-storey towers, <a href="/new-apartments/sol-by-walker-maroochydore-first-ave-maroochydore">SOL by Walker</a> will feature a mix of one to four-bedroom apartments, townhouses and penthouses, anchored by ground-floor retail shops, bars and restaurants.

Walker Managing Director and Chief Executive Officer David Gallant said the approval for SOL by Walker is a major win for housing supply on the Sunshine Coast.

“The Queensland government’s development approval for SOL by Walker unlocks the first of many residential projects we have in the Maroochydore City Centre, which is adding 4,000 homes to the state’s housing target,” Gallant said.

“SOL will set a high benchmark for apartment living in the Maroochydore City Centre, creating exceptional spaces with high ceilings, excellent natural light and high-quality kitchens and bathrooms, all connected to a range of world-class amenities.”

“At ground level, the towers will include retail spaces ideal for a future cafe, bar or restaurant, complemented by new subtropical areas designed for social gatherings.”

[smartcode_project:default project_id=147777 project_image_fid=319846]

SOL will feature a rooftop terrace with bookable function space, a resident library and a dedicated co-working area complemented by a recreational deck with a fully equipped gym, outdoor yoga and stretch zones, BBQ facilities with dining spaces, a communal vegetable garden and a sunset lawn.

Sunshine Coast Mayor Rosanna Natoli said decades of planning had positioned the Maroochydore City Centre as one of the best locations for housing and high-quality inner-city apartment living.

“The State Government’s DA Approval for SOL will accelerate our housing supply on the Sunshine Coast in an area connected to jobs, transport, community services and great amenities, and SOL, alongside other apartments in the city centre, will help our region meet those needs,” Mayor Natoli said.

[smartcode_project:default project_id=147777 project_image_fid=319847]

SunCentral Maroochydore CEO Amanda Yeates said the new city centre is becoming a popular location for apartment living, with more families choosing to call Maroochydore City Centre home.

“SOL will double the number of residents we have here in Maroochydore City Centre, bringing even greater vibrancy to the Sunshine Coast’s CBD. Families can enjoy the best inner-city lifestyle surrounded by cafes, restaurants, jobs and recreation spaces, all just minutes from the beach,” Yeates said.

Each apartment will have a dedicated car parking space with additional spaces for retail, providing a total of 379 parking spaces and 251 bicycle spaces.

RPM Managing Director Peter Neale, who oversees sales for SOL, said the strong interest from local buyers has reflected a growing trend of locals prioritising quality, location and superior amenities for their next home.

“It’s fantastic to see a mix of buyers including First Home Buyers eager to make SOL their first property purchase, with people really excited about Maroochydore City Centre’s ongoing evolution as the Sunshine Coast’s CBD,” Neale said.

“Walker’s proven track record of delivering exceptional developments has been a key drawcard, with SOL’s premium amenities and diverse housing options attracting a wide range of buyers.”

[smartcode_project:default project_id=147777 project_image_fid=319853]

The one-bedroom apartments in SOL have been snapped up. The two-bedroom apartments start from $975,000 and three bedrooms, with a multi-purpose room, are priced from $1.39 million.

Construction is targeted to commence onsite in the second quarter of 2025, with the first residents moving in as early as Q3 2027.

[smartcode_project:default project_id=147777 project_image_fid=319851]

Maroochydore City Centre is Australia’s largest greenfield CBD, located next to large job networks including data and technology centres, hospitals, universities, schools and hospitality, and just a short walk from the beach. The project is being delivered as a partnership between Sunshine Coast Council, Walker Corporation and SunCentral Maroochydore.

The South East Queensland Regional Plan estimates that infill developments, including Maroochydore City Centre, will contribute to 70 per cent of the state’s new housing supply, equating to approximately 60,000 dwellings across the region.

[smartcode_project_cta:default project_id=147777]

Walker Corp Managing Director and CEO David Gallant said the approval for SOL by Walker is a major win for housing supply on the Sunshine Coast.

Walker Corp get sign off for SOL by Walker in Maroochydore

Sunset Boulevard in Surfers Paradise is a surprisingly untapped new development strip in Surfers Paradise. Surprising because it fronts the river and its neighbouring streets also don't have any high-rise apartment buildings of note which allows for unonbstructed views to the west, over the river, and back to the <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> skyline.

Roy Skaf's&nbsp;Macquarie York were the first to identify the riverfront street as a prime spot for a new apartment tower. In April last year they secured approval for&nbsp;<a href="/new-apartments/sunset-residence-50-sunset-boulevarde-surfers-paradise">Sunset Residences</a>, 43 apartments across a 17-level tower&nbsp;50 Sunset Boulevard.

Then in November, Sydney-based developer YHY Group filed plans a few doors down for a tower which <a href="/news/qld/first-look-the-gold-coasts-largest-penthouse-pitched-for-new-surfers-paradise-tower">proposes the Gold Coast's largest ever penthouse</a>.&nbsp;

Now there are more plans for new apartments on the busy street. A private developer has submitted plans for a 17-level tower with 30 two, three and four-bedroom apartments at <a href="/new-apartments/15-sunset-boulevard-surfers-paradise">15 Sunset Boulevard</a>, just two apartments per floor.

<img alt="15 Sunrise Boulevard Surfers Paradise" data-entity-type="file" data-entity-uuid="50fd8506-b39a-43fc-a29f-31583e8eaec4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/15%20Sunrise%20Boulevard%20side.png?VersionId=eVAW8ThKWtASfC.pJB60XTxDhv0rVbIS" />

Designed by <a href="/architects/bda-architecture">BDA Architecture</a>, the apartments incorporate large balconies intended to function as outdoor living areas, maximising natural ventilation and light.&nbsp;

BDA noted in their submission to the Gold Coast City Council that the&nbsp;project offers the opportunity to design an innovative architectural building and provide a higher residential density development to this central pocket of Surfers Paradise.

"The 17-storey residential apartment building is a modern take on the surrounding apartment buildings of the 70’s. With a refined façade and architectural language this building provides a welcome addition to this emerging pocket of Surfers Paradise."

Two recreational areas have been proposed: one on the rooftop of the 60-metre building and one on level 16. Level 16 will feature a gym, while the rooftop will offer a pool, hot and cold plunge pools, a fire pit, and seating areas.

<img alt="15 Sunrise Boulevard Surfers Paradise rooftop" data-entity-type="file" data-entity-uuid="0aecd442-128f-4ce0-b659-4069198b7329" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/15%20Sunrise%20Boulevard%20rooftop.png?VersionId=8qmlXmdrbsZnKVL1wmuPsT6uRHbt76Oa" />

The 688 sqm site is located along a canal, providing waterfront views towards the HOTA precinct and the Surfers Paradise skyline.&nbsp;

It is zoned for high-density residential development with no height limit, aligning with the area's ongoing urban renewal.&nbsp;

First look: Surfers Paradise riverfront set for more new apartments

The $500 million 26 Vista Surfers Paradise apartment development by Malaysian construction and development company&nbsp;<a href="/developers/mrcb">MRCB International</a>, has continued to impress buyers.

They've now sold 70 per cent of the 280 apartments and townhouses in the sustainability-focused building named after its location on Vista Street.

“<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> offers the ultimate coastal lifestyle, and as such has attracted very strong interest from locals wanting to live there and interstate buyers wanting to get a foothold in a hot Gold Coast Market,” says Matt George from project marketer Urban Activation.

“The diverse mix of buyers we’ve seen investing in this development stands as a testament to the superior product that is being offered. 26 Vista is truly the gold standard for coastal living, with its thoughtfully considered design and its commitment to providing residents with five-star luxury in sub-tropical surrounds.”

[smartcode_project:default project_id=112730 project_image_fid=319148]

26 Vista will offer a unique array of three-level terraces, one, two, three and four-bedroom apartments and a swell of communal amenities.

Club Vista will span the whole of the fourth level and will feature wellness and&nbsp;recreation facilities, including a lap pool, spa, outdoor lounge areas, gym, sauna steam room, yoga deck, cinema room, games room and resident’s lounge.

Taking amenities to sky heights, the rooftop terrace will have 360-degree views stretching from the ocean to hinterland ranges.

[smartcode_project:default project_id=112730 project_image_fid=211252]

On Level 51, Stratos will provide residents with both indoor and outdoor lounges, complete with a fireplace area.

Exclusively for Alto Collection Residences, Alto on Level 51 offers a private indoor lounge and dining room, along with an outdoor fire pit and plunge pool.

[smartcode_project:default project_id=112730 project_image_fid=211251]

“Buyers have loved that they don’t feel the pinch of downsizing and that their sacrificing space, rather, their new residences and the spectacular amenity offerings provide them with more than they could imagine," George added.

“We’re thrilled to see such an outstanding buyer response, and given the rate with which the apartments and townhouses have been purchased, we’re expecting the remaining residences to have as strong of an uptake.”

[smartcode_project_cta:default project_id=112730]

26 Vista will offer a unique array of three-level terraces, one, two, three and four-bedroom apartments and a swell of communal amenities

26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold

Following another strong year for the <a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;unit market, values look like they are going to continue to rise in 2025.

CoreLogic's Monthly Home Value Index reveals that units—comprising both apartments and townhouses—rose by 0.5 per cent in January, building on a <a href="/news/qld/city-beat-december-2024-gold-coast-unit-values-grow-over-nine-per-cent-in-2024-but-ends-with-cooling-market">nine per cent growth in 2024</a>.

The median unit value on the Gold Coast has now reached $829,000. If compared to capital city unit markets, it would only sit behind Sydney's median ($857,000).

<h2>What happened in Gold Coast’s off the plan apartment market in January?</h2>

It was a strong start to the year in the Gold Coast off the plan apartment market.

While there was little movement in terms of new projects either launching or going through the apporval process, demand for off the plan apartments is approaching 12-month highs.

Enquiry in January 2025 was at its highest point since February 2024, led by increased demand in the likes of <a href="/developments/coolangatta-qld-4225">Coolangatta</a>, <a href="/developments/biggera-waters-qld-4216">Biggera Waters</a>, and <a href="/developments/runaway-bay-qld-4216">Runaway Bay</a>.

Interest in Runaway Bay was sparked by the launch of <a href="/new-apartments/aqualis-runaway-bay-20-24-oatland-esplanade-runaway-bay">Aqualis</a>,&nbsp;just 18 luxury three and four-bedroom apartments on Oatland Esplanade, capitalising on the suburb’s limited supply of new apartments.&nbsp;

[smartcode_project:default project_id=29985 project_image_fid=316717]

Designed by <a href="/new-apartments/aqualis-runaway-bay-20-24-oatland-esplanade-runaway-bay">XL Architecture</a>, Aqualis apartments offer expansive living spaces with floor-to-ceiling glass windows and doors, ensuring uninterrupted views over the Broadwater.&nbsp;

The development will also have a swimming pool, gym with sauna, and&nbsp;a residents-only marina with 12 berths and additional jet ski docks.

[smartcode_project:default project_id=29985 project_image_fid=316718]

<a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> has continued to lead buyer enquiry in Biggera Waters as the suburb's only new development.&nbsp;

<a href="/new-apartments/holm-rainbow-bay-44-50-eden-avenue-coolangatta">Holm Rainbow Bay</a> by <a href="/developers/chapter-two">Chapter Two</a> has dominated enquiry in Coolangatta. The development, under construction by Groupline, comprises just 87 apartments on Eden Avenue with a rooftop pool looking across Rainbow Bay.

Buyers have jumped at the $1.5 million two-bedroom apartments, as well as as the $3.25 million three-bed apartments.

[smartcode_project:default project_id=109905 project_image_fid=209082]

January saw more than just a surge in enquiries; views of Gold Coast projects hit an 18-month high, driven by both local and interstate buyers.

<a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> experienced a notable rise, with project views reaching a 12-month peak.

The next development to launch in Surfers Paradise is <a href="/new-apartments/exhale-surfers-paradise">Exhale by Siera</a>, the developer’s third Gold Coast project in as many years.

Exhale, ideally located on Enderley Avenue just off Northcliffe Beach, will feature 54 apartments in a striking building designed by BDA Architects.

[smartcode_project:default project_id=112661 project_image_fid=283239]

In terms of buyer interest, the $1.5 million to $2 million price range was the most popular in January 2025, with enquiries nearly doubling the 2024 average in this bracket.

The $2 million to $2.5 million range also saw its highest level of activity in the past 12 months.

Enquiry in January 2025 was at its highest point since February 2024, led by increased demand in the likes of Coolangatta, Biggera Waters, and Runaway Bay.

City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high

Fresh off the success of its under-construction Amaya apartment development, Amalgamated Property Group has unveiled its latest installment in the booming Broadbeach.

<a href="/developers/amalgamated-property-group">Amalgamated</a>, in partnership with Base Developments, has drawn back the curtain on <a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a>, 180 apartments on the sought-after Chelsea Avenue, on the same street as Nikiforides Family Park between&nbsp;Kurrawa Beach and Pacific Fair Shopping Centre.

It's the first new development in Broadbeach to hit the market fresh in 2025.

[smartcode_project:default project_id=107690 project_image_fid=323198]

The two and three-bedroom apartments across the 39-level glass tower will each feature open-plan layouts, with sizes starting from 115 sqm for the two-bed apartments and 180 sqm for the three-bed apartments.

The living areas feature floor-to-ceiling windows, with balconies extending off the main spaces to maximize coastal views and natural light.

[smartcode_project:default project_id=107690 project_image_fid=323196]

A unique feature for future owners is the large space between Affinity’s eastern side and its neighbours due to the developer purchasing multiple lots and prioritising keeping this large vertical space open instead of expanding the building footprint.

They've reserved that space for the heated outdoor pool set in extensive landscaping, creating a more private space for residents. Affinity will also feature a&nbsp;gym, sauna, yoga spaces, and several communal lounges and private dining areas for resident use.

[smartcode_project:default project_id=107690 project_image_fid=323199]

Carly Cottam, CEO of MOTIV Group who is in charge of sale, says the Gold Coast property market continues to demonstrate remarkable resilience, with discerning buyers increasingly prioritising quality, location, and most importantly, the reputation of the developer and builder.

"Affinity stands out by offering an affordable luxury option, perfectly positioned near the beach, vibrant dining, and retail precincts. With such strong off-market interest to date, it is clear, demand for premium residences remains robust. Whether seeking a lifestyle retreat, downsizing, or rightsizing, buyers are drawn to the seamless blend of convenience and elegance that Affinity provides.”

Graham Potts, Principal and Founding Director Amalgamated Property Group, says Affinity Broadbeach meets a genuine need in the market.

“We’re thrilled to be adding another residential development to our Queensland portfolio and in particular, on the much sought-after Gold Coast," Potts said.

He said they have the added bonus of having their own in-house construction team, Capital Constructions Queensland, which will bring buyers confidence in the project delivery.

[smartcode_project:default project_id=107690 project_image_fid=323744]

Dennis Milin from Base Developments and Director of Capital Constructions Queensland said the successful 20-year partnership with Amalgamated has resulted in numerous award-winning projects, focusing on spacious designs, functional amenities, and high-quality construction.

"This success is driven by our collaboration with a skilled and reputable team of architects, designers, engineers, and trades, alongside our experienced in-house construction professionals," Millin says.

"We are excited to soon deliver another leading collection of homes in Broadbeach which will perfectly complement the Gold Coast lifestyle."

Capital Constructions Queensland will commence construction in Q2 2025, and expect to complete in 2028.

[smartcode_project:default project_id=107690 project_image_fid=323743]

Broadbeach continues to be a sought-after destination for local owner-occupiers and interstate investors, driven by its location just south of Surfers, and home to popular attractions like the Broadbeach Bowls Club,&nbsp;Kurrawa Surf Club, and The Star Casino.

The suburb's popularity surged during the pandemic, with strong price growth recorded throughout 2021 and 2022. While the market saw a brief correction in 2023, growth stabilized in 2024, maintaining steady annual increases of 10 to 15 per cent, according to CoreLogic data.

Amalgamated Property Group has been busy paving the way in changing ACT’s property landscape over the last two decades. They have been responsible for premium developments such as Kiara, Ivy, the Oaks 3-stage precinct and Civic Quarter in the ACT, as well as Sierra Grand and Verve in the Gold Coast, and Aurora in Brisbane.

Amalgamated was also responsible for developing the first luxury homes within the prestigious Parliamentary Triangle with The Griffin project - a huge achievement in the most prominent landscape of Australia’s Capital.&nbsp;

[smartcode_project_cta:default project_id=107690]

Affinity is the first new development in Broadbeach to hit the market fresh in 2025.

Amalgamated Property Group launches Affinity Broadbeach apartments ahead of construction commencement

After experiencing calendar year growth not seen in nearly four decades, it was inevitable that Brisbane’s unit market would eventually cool.

Although it hasn't reached the exceptional monthly growth levels seen last year, which drove a total annual increase of well over 16 per cent, January kicked off 2025 with a strong 0.6 per cent gain, according to CoreLogic's latest Home Value Index.

The unit market outpaced houses again, which were up 0.3 per cent in Jan.

The median value for a unit in <a href="/developments/brisbane-qld">Brisbane</a> is now $685,000, while the median house value is $977,000.

Only Brisbane and Perth recorded an increase in dwelling values (houses and units combined) last month, CoreLogic found, with a nation-wide slowdown expected to only last a brief period given the upcoming interest rate drops.

CoreLogic Research Director, Tim Lawless, noted that affordability constraints and rising advertised supply levels have contributed to the cooling trend.

<h2>What happened in Brisbane’s off the plan apartment market in January?</h2>

The Brisbane off the plan apartment market showed signs in January that we're in for another strong year.

Enquiry levels across new and off the plan apartment developments in Brisbane were at a five-month high, according to <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, the data partner of <a href="/">Apartments.com.au</a>.

Interest in properties priced between $500,000 and $1 million surged, driven largely by the launch of <a href="/new-apartments/astra-apartments-gaythorne-16-station-avenue-gaythorne">Astra Apartments</a> in <a href="/developments/gaythorne-qld-4051">Gaythorne</a> which hit the mark on the affordability scale.

[smartcode_project:default project_id=148948 project_image_fid=320219]

A sign of intent is always search - and search activity for suburbs across Brisbane was well over the 2024 median in January.

Upper Mount Gravatt emerged as the most searched suburb across Brisbane, with notable spikes in search for&nbsp;<a href="/developments/hamilton-qld-4007">Hamilton</a>, <a href="/developments/west-end-qld-4101">West End</a>, and <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>.

[smartcode_project:default project_id=114215 project_image_fid=210749]

The most exciting news in Brisbane in January was an Urban exclusive. We reported that <a href="/developers/icd-property">ICD Property</a>, who is behind landmark towers in Melbourne, Sydney and Adelaide, bought the well-known R&amp;F site in West End.

The 1.68-hectare site,&nbsp;formerly home to Riverside Corporate Park, has had previous approvals for a multi-tower precinct with around 1,000 apartments, a retail plaza, and a riverside walkway.

ICD will file a new application with a different design.

<img alt="Exclusive: ICD Property secures riverfront West End site for Brisbane's latest multi-tower precinct" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-01-21%20at%201.50.25%E2%80%AFPM.png?VersionId=8gLSNkWvhxKuY5vvmYcF7NKji0gZmoah" />

The only other significant development application in January was in East Brisbane where&nbsp;<a href="/developers/rg-property">RG Property Group</a>&nbsp;is seeking to developer a 10-level apartment development near the future Olympic Games Precinct.

The Wellington Road site already has approval for an eight-level building. RG's plans for the new project, dubbed The Banksii, are for 72 apartments.

&nbsp;

<img alt="First look: RG Property files for Brisbane Olympic Games precinct apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-01-09%20at%203.57.59%E2%80%AFPM.png?VersionId=xQw.MAEHV9KiTYc2hhMekO5ZKpv2f3pG" />

The redesign by <a href="/architects/mas-architecture-studio">MAS Architecture</a> incorporates a rooftop swimming pool, a gym, and a public laneway connecting Wellington Road to Manilla Street.&nbsp;

The&nbsp;<a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> precinct continues to attract investment, with several residential projects in the pipeline alongside public infrastructure upgrades.

Enquiry levels across new and off the plan apartment developments in Brisbane were at a five-month high, according to MatterFact, the data partner of Urban.com.au.

City Beat January 2025: Brisbane unit market continues upward trajectory as off the plan enquiry reaches five-month high

Brisbane’s suburban renewal continues to gain momentum with a transformative vision for Alderley, where&nbsp;Darveniza Group is planning to convert an industrial site into a vibrant residential community.

The new project, to be known as&nbsp;<a href="/new-apartments/station-quarter-78-farrington-street-alderley">Station Quarter</a> on Farrington Street, will put residents adjacent to&nbsp;<a href="/developments/alderley-qld-4051">Alderley</a> train station. The 17,167 sqm masterplan by Nettletontribe will have seven low to mid-rise apartment buildings, ranging between four and 10 levels, and have around 400 new apartments.

Darveniza Group is led by Queensland richlister Jane Darveniza, the widow of millionaire property developer Bojan Darveniza.

<img alt="Station Quarter Alderley" data-entity-type="file" data-entity-uuid="4f30454c-4781-4ad5-81b1-da2e7f447cdb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Station%20Quarter%20building%20one.png?VersionId=jsW_dHEXIr.wseqsVxyM9T9IpkRJQg8t" />

The precinct will be anchored by a central 1,750 sqm communal open walkway with extensive retail spaces.

The Farrington Street address, opposite Alderley Station with street frontage to Huddart Street, is surrounded by established amenities, including schools, parks, and shops, with direct access to major arterial roads and the Ferny Grove train line.&nbsp;

The masterplan aims to offer diverse housing options to cater to a wide range of residents, including affordable choices that address Brisbane’s growing housing demand.The first stage will comprise two buildings, one with 34 units across a four-level block, the smallest in the development, and 66 units in an eight-level building.

The 100 apartments in this initial phase will range from one to three bedrooms, with a 102 sqm ground-floor space for a café.

<img alt="Alderley" data-entity-type="file" data-entity-uuid="655d1e5c-3951-4d66-81de-13104db77c89" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-30%20at%209.29.20%E2%80%AFAM.png?VersionId=2yXwMWIvdOpkTbG5uyDNt8FsqqbHrPPi" />

The Town Planning Report by Urbis suggested Station Quarter is a "catalyst for Alderley and its evolution as a growth node."

"Station Quarter is set to redefine urban living in Alderley, by transitioning from low impact industry to a dynamic, low-medium density residential community," the report noted.

"Station Quarter is more than just a residential project; it is a commitment to sustainable urban development. By replacing industrial land uses with residential, the project not only meets the immedaite housing needs but also fosters a thriving, connected community within Brisbane's inner 5km radius."

Alderley isn't a suburb often associated with new apartment development. The last time a new project launched was nearly 12 months ago.

Breathe Residences, by&nbsp;joint venture partners&nbsp;<a href="/developers/capital-prudential">Capital Prudential</a>&nbsp;and the architecturally-driven property developer&nbsp;<a href="/developers/guavalime">Guavalime</a>, will be just across 800m from Station Quarter.

Alderley set for 400-apartment Station Quarter development opposite train station

ICD Property has a penchant for grand-scale, mixed-use developments, with a focus in recent years in its native Melbourne, Adelaide, and most recently Sydney.

The latest play by the Matt Khoo-led developer is in Brisbane, its first foray into the Queensland market. They've picked up a prime&nbsp;<a href="/developments/west-end-qld-4101">West End</a>&nbsp;site from R&amp;F Property, spending just under $50 million on the 1.68-hectare riverfront plot which cost R&amp;F $82.5 million in 2014.

Currently home to Riverside Corporate Park, the site, which borders Donkin and Buchanan Street, is currently occupied by&nbsp;three low-rise commercial buildings.&nbsp;

ICD has yet to reveal its own plans for the A-grade block of land, but previous approvals have been for seven buildings with around 1,000 apartments, a retail plaza, and a riverside walkway.

<img alt="ICD" data-entity-type="file" data-entity-uuid="035146a7-0cb7-4dba-80a9-c222c7143235" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-21%20at%201.50.40%E2%80%AFPM.png?VersionId=_Zi1F4QY8u6JKkcuE7voWdNUxI_g3qbw" />

ICD has already established a joint venture to work on the project, much like their upcoming Sydney CBD development, Sydney House. They're working with&nbsp;Singapore-listed&nbsp;<a href="/developers/first-sponsor">First Sponsor</a>&nbsp;on the redevelopment of&nbsp;the landmark City Tattersall building on Pitt Street in the Sydney CBD.

<a href="/builders/richard-crookes-constructions">Richard Crookes Constructions</a>&nbsp;has already started the build of the striking new tower that will emerge above the heritage-listed former club that will be restored and converted into heritage hospitality venues.

Sales are expected to commence soon for the 241 one, two and three-bedroom apartments that will be spread across a new 50-level tower.

[smartcode_project:default project_id=12428 project_image_fid=312149]

ICD is also working with the Adelaide City Council on Market Square, a $400 million mixed-use project with apartments, a hotel, offices, and a childcare centre, as well as a significant retail precinct and a park.

Completion for Market Square is slated for 2026.

[smartcode_project:default project_id=104946 project_image_fid=218790]

ICD's latest project joins the ranks as yet another planned for the Brisbane River, which is going under somewhat of a precinct boom.

Across the road from ICD's recently acquired site, Heidelberg Materials is <a href="/news/qld/multi-tower-precinct-planned-for-south-brisbane-riverfront">proposing three 50-level towers</a> with 620 apartments, above&nbsp;a food and beverage plaza and a 5,400 sqm public park.

Apartments are still under construction at Queens Wharf, Brisbane's landmark riverside development, while <a href="/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe">Tenneriffe Banks</a> by Kokoda Property has been a hit with buyers since it launched to market.

ICD has yet to reveal its own plans for the A-grade block of land, but previous approvals have been for seven buildings with just around 1,000 apartments, retail spaces, and a riverside walkway.

Exclusive: ICD Property secures riverfront West End site for Brisbane's latest multi-tower precinct

Queensland apartment developer Mosaic Property Group is intensifying its commitment to the Gold Coast’s apartment market, with three new projects valued at over $570 million.

<a href="/developers/mosaic-property-group">Mosaic</a> is poised to shortly launch <a href="/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">Sophia by Mosaic</a> in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>—a $135 million direct beachfront&nbsp;development with 32 apartments across nine levels. The project marks Mosaic’s entry into Palm Beach following success in the fast-growing southern coastal markets of Bilinga and Kirra Beach.

In <a href="/developments/burleigh-heads-qld-4220">Burleigh Heads</a>, Mosaic continues its successful trajectory, with a fifth site acquisition underway following the recent completions of Augusta by Mosaic and Florence by Mosaic. Plans are in place for a <a href="/news/qld/first-look-exclusive-mosaic-secure-another-gold-coast-apartment-development-site">$185 million ultra-luxury development on The Esplanade</a>.

Further expanding in Broadbeach, Mosaic has secured its third site and submitted a development application for a $250 million, 37-level tower on Mary Avenue, offering 59 expansive half and full-floor residences.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-mosaic-file-plans-for-fifth-broadbeach-apartment-development">First look exclusive: Mosaic file plans for fifth Broadbeach apartment development</a>

<img alt="Mosaic Broadbeach" data-entity-type="file" data-entity-uuid="0ef8a2ac-1116-4bcb-9331-065d73278f67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-21%20at%2011.02.57%E2%80%AFAM.png?VersionId=v1s6B.GR6.rlRv4np8147NswQTmBHQgQ" />

Founder and Managing Director Brook Monahan said the new acquisitions underscored Mosaic's confidence in the resilience of lifestyle-driven markets and the enduring demand for its design-led, functional, and beautifully finished residences.

"The strength of these markets has been exceptional since the pandemic,"&nbsp;Monahan said.

"We continue to experience robust demand from both interstate and local downsizers who are seeking luxury apartments that offer thoughtful design, functionality, and exceptional quality.

“With limited supply and rising construction costs, Mosaic is well-positioned to lead in this market which is becoming more discerning following many stalled projects as a result of many developers not being able to deliver much awaited supply. Our long-established in-house construction arm enables us to manage costs effectively and seize key opportunities.”

&nbsp;

[smartcode_project:default project_id=145364 project_image_fid=322822]

Monahan said Sophia was shaping as an exceptional project for Palm Beach.

“Positioned on the dunes at the sought-after northern end of Palm Beach, Sophia occupies a premier beachfront site that we believe will be highly desirable. We already have a waitlist of Mosaic buyers from our existing database of previous and current owners, indicating another likely rapid sellout in this very unique location.”

Designed in collaboration with Bureau Proberts, Sophia&nbsp;will offer residents an array of five-star amenities, including a pool, spa, gym, and sauna.

“Sophia will provide a beautifully balanced lifestyle, merging iconic design with world-class amenities to cater to every resident's needs,” Monahan added.

[smartcode_project:default project_id=145364 project_image_fid=322819]

Mosaic boasts an extensive $1.4 billion portfolio on the Gold Coast with nine completed projects and an additional four currently under construction.

“We are very fortunate that our entire project portfolio is consistently near sell-out, reflecting robust and ongoing demand driven by the market’s attraction to our design-led developments.

"Buyers are drawn not only to Mosaic’s exceptional quality, prime locations, and thoughtful, resident- focused designs but also to the assurance that we deliver as promised. Our unbroken track record instils confidence, with buyers reassured that Mosaic consistently upholds its commitments.

“The trust we’ve built in our brand over many years which we will never take for granted, continues to fuel this strong demand, as clients recognise the lasting value inherent in every project. Our reputation for excellence, reliability, and&nbsp; integrity positions Mosaic as a preferred developer, making our homes some of the most highly sought-after on the market.”

Since 2012, Mosaic has completed more than 65 developments across South East Queensland, establishing itself as one of the region’s most reliable and recognised developers.

Mosaic Founder and Managing Director Brook Monahan said the new acquisitions underscored Mosaic's confidence in the resilience of lifestyle-driven markets

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