<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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 Gold Coast new apartment market is showing no signs of slowing down.

The latest Colliers Market Overview for September revealed that the average price of a new apartment has surged to a new high of $1.77 million.

The latest price for the June quarter has risen from almost $1.4 million compared to the same period last year as the market continues to be driven higher by high demand and constrained supply, amid rising construction and debt costs.

However, Colliers says it’s not only buyers at the luxury end of the market that are feeling the price pinch as most houses on the <a href="/developments/gold-coast-qld">Gold Coast</a> are currently selling between $1 million and $2 million – a massive increase over the past four years as the Gold Coast construction sector struggles to keep pace with interstate and intrastate migration.

“Apart from the record median price for new apartments, the key findings in our latest report reveal the dramatic price growth of residential property on the Gold Coast since the pandemic,” said Steven King, the Gold Coast Director in Charge at Colliers.

“Just a few short years ago, the dominant price bracket for house sales on the Gold Coast was between $400,000 and $700,000 whereas now it is $1 million to $2 million.

“Price growth has effectively been supercharged on the Gold Coast although we are now seeing affordability, particularly for homes, beginning to temper that growth.”

[smartcode_project:default project_id=107928 project_image_fid=234102]

The Colliers research reveals that Gold Coast home prices have increased 76 per cent since the pandemic in 2020 and 12 per cent in the 12 months to the end of June.

In 2024, houses that sold for $1 million or more accounted for 59 per cent of total sales, which is up from 18 per cent in 2020, as population growth intensified the pressure on prices. House sales above $2 million have increased their share of total transactions from 3 per cent to 13 per cent during the same period.&nbsp;

Apartment prices in general have also grown at a heady pace over the past four years - although not as quickly as houses - at 60 per cent to a median price of $761,000. Colliers points out that apartment prices on the Gold Coast are now comparable to house prices in 2020 and early 2021.

[smartcode_project:default project_id=113271 project_image_fid=290033]

“While the latest median price for new apartments of $1.77 million has been driven by sustained demand and limited supply at the top end of the market, it actually reflects what is happening across the broader property market on the Gold Coast,” King added.

“Certainly, prices at the very top have pushed new highs and clearly set this sector apart from the broader market, but it’s also a bellwether of where the Gold Coast market, in general, is heading as affordability issues hamper some sectors.

“For the moment, we are not seeing a lot of push-back from buyers at the premium end of the market but, if this sector of the market slows, we could expect this to eventually impact the broader market.”

[smartcode_project:default project_id=107928 project_image_fid=234096]

The Colliers report points out that the Gold Coast economy has grown strongly since the pandemic and so has its appeal that has led to more visitors, residents, and investors, who have supported the steady increase in property prices.&nbsp;

Migration has also driven a changing demographic on the Gold Coast since the pandemic, led by an influx of professionals and investors drawn to the region’s modern facilities and expanding infrastructure.

Colliers Residential Director David Higgins says rising&nbsp;costs are playing a part in overall price growth on the Gold Coast, but so is a shortfall in supply with the latest dwelling approvals showing the Gold Coast is failing to deliver enough homes to meet the targeted population growth of the next two decades.

Colliers notes that the rise in the median price for new apartments shows that underlying demand has yet to wane, which continues to support prices for available development sites, especially those in prime locations with protected view corridors that facilitate premium residential offerings.&nbsp;

“The values for these transactions have remained relatively stable while developers of premium boutique projects are passing on higher construction costs to buyers,” Higgins said.

Colliers says that luxury developments that command premiums are particularly attractive to downsizers by offering exclusivity, quality and prime locations.&nbsp;

The development of new apartments is currently focused on the central Gold Coast precinct, which comprises Southport, Surfers Paradise, and Broadbeach.

The June quarter saw 331 new apartment sales, with V&amp;A at Broadbeach and Imperial Square at Southport contributing nearly 50 per cent of these sales.&nbsp;

Colliers points out that the Gold Coast economy has grown strongly since the pandemic and so has its appeal that has led to more visitors, residents, and investors, who have supported the steady increase in property prices.

Gold Coast new apartment prices hit record high

Busy apartment developer Mosaic Property Group is going through its site acquisition phase, securing yet another development site on the Gold Coast.

Fresh off the back of buying prime sites in Broadbeach and Palm Beach, the <a href="/developers/mosaic-property-group">Brook Monahan-led developer</a> has purchased again, in an area they know all too well.

The site, at 166 The Esplanade, Burleigh Heads, will be their fifth project in the sought-after suburb. They've previously completed&nbsp;<a href="/buildings/grace-by-mosaic-4-second-avenue-burleigh-heads">Grace by Mosaic</a>&nbsp;(January 2023),&nbsp;Augusta by Mosaic,&nbsp;(August 2024), and&nbsp;<a href="/buildings/florence-by-mosaic-42-the-esplanade-burleigh-heads" target="_blank">Florence by Mosaic&nbsp;</a>(completed September 2024). Their fourth Burleigh Heads apartment development,&nbsp;<a href="https://mosaicproperty.com.au/buying/isabel-by-mosaic/" target="_blank">Isabel by Mosaic</a>, is due&nbsp;for completion mid-2026.

The new development will form part of Mosaic's Masterpiece Series, a collection of developments aimed at the premium end of the market.

EMK Architects has drawn up the plans for 28 half and full-floor apartments and skyhomes across a 17-level building,

The building will replace a 1970s block of 10 apartment on 1,012 sqm. GV Property Group's Antonio Mercuri amalgamted the site that has 20 metres of frontage to The Esplanade.

Last month Mosaic <a href="/news/qld/first-look-exclusive-mosaic-file-plans-for-fifth-broadbeach-apartment-development">filed plans for their fifth apartment development</a> in Broadbeach. The site, on Mary Avenue, also put together by GV Property Group, sits opposite the Broadbeach State School.

They're planning 59 apartments across a 38-level tower designed by Fraser &amp; Partners.

Mosaic is&nbsp;currently delivering sister towers&nbsp;<a href="/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily by Mosaic</a>&nbsp;and&nbsp;<a href="/buildings/marella-146-surf-parade-broadbeach">Marella&nbsp;by Mosaic</a>&nbsp;in the area, after previously completing Bela and Dawn nearby.

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>

Mosaic's next Gold Coast development to hit the market will be <a href="/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">Sophia by Mosaic</a>&nbsp;at 1357 Gold Coast Highway, Palm Beach. That will have 32 apartments designed by bureau^proberts.

The developer is also busy in Brisbane, preparing to launch <a href="/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point">The Bedford by Mosaic</a>, a site bought from Woolworths' development arm Fabcot, who had secured approval for 128 apartments.

Mosaic tweaked the plans, dropping the one-bedroom apartments and increasing the number three and four-bedroom apartments which is more akin to their development ethos. They're keeping the full-line Woolworths at street level.

On the site purchase, Monahan emphasised the long-term significance of the acquisition.

"This iconic site has been on our radar since 2016, known to many as a dormant opportunity burdened by years of challenges," Monahan said.

"After a thorough 12-month process, we are honoured to have been entrusted by Woolworths to bring this landmark site to life. It is a truly special location."&nbsp;

Monahan said Kangaroo Point has long awaited a project that introduced essential amenities while further elevating the area's architectural landscape.

"Our collaboration with Woolworths is rooted in a shared vision—to seamlessly integrate luxury living with retail convenience, ultimately enriching the lives of residents and the broader community."&nbsp;

The new development will form part of the Masterpiece Series, a collection of developments aimed at the premium end of the market.

First look exclusive: Mosaic secure another Gold Coast apartment development site

Gold Coast and Canberra apartment developer, Morris Property Group, has completed Malo Broadbeach, its eighth apartment development in the booming suburb south of Surfers Paradise.

Located on Jubilee Avenue, a stone's throw from the <a href="/developments/broadbeach-qld-4218">Broadbeach</a> Light Rail stop and Pacific Fair, <a href="/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo</a> is made up of just 16 half-floor apartments across a nine-level building.

Each apartment has three bedrooms and around 130 sqm of internal living space.

&nbsp;

[smartcode_project:default project_id=112549 project_image_fid=311718]

The apartments have been designed to take in as much of the surrounding area as possible, with floor-to-ceiling, double-glazed windows and doors that maximise views of the Gold Coast skyline and coastline.&nbsp;

Located in the heart of Broadbeach, Malo offers residents convenient access to some of the area’s most popular attractions.&nbsp; A short walk takes residents to Surf Parade, a lively hub with a range of dining options, while the famed Pacific Fair, the fifth largest shopping centre in the country, is just a few streets away.

[smartcode_project:default project_id=112549 project_image_fid=311722]

Kurrawa Beach and its surrounding parklands are a short walk.

Malo offers the most affordable apartments the Gold Coast has seen, and likely will see, for years.

Morris is working nearby on its 11th Broadbeach tower,&nbsp;<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a>.

Much like Malo, Crest is also <a href="/news/qld/why-we-are-downsizing-to-crest-broadbeach-urban-buyer-q-a">attracting the downsizer market</a>.&nbsp;

[smartcode_project_cta:default project_id=112549]

Morris completes eighth Broadbeach apartment development, Malo

In the penthouse market, buyers expect the highest level of detail in every aspect of the apartment, from the design and orientation to the finishes.

Respected Brisbane developer, <a href="/developers/consolidated-properties">Consolidated Properties</a>, left no stone unturned when crafting the penthouses atop <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>, one of the best riverfront apartment developments produced on the Brisbane River in decades.

[smartcode_project:default project_id=113455 project_image_fid=302326]

They knew exactly the clientele they were creating their apartments for, the affluent downsizer.

The Consolidated team recently revealed the final six residences&nbsp;atop the two-tower development, now over 95 per cent sold and under construction by building giant Hutchinson's Builders.

We recently visited the Monarch Residences display suite, on site at&nbsp;at 600 Coronation Drive, <a href="/developments/toowong-qld-4066">Toowong</a>, to chat with Don and the team at Consolidated about what made the penthouse collection special.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/dUSgZQJf5qI?si=Judv55Ncbs0dIgpn" title="YouTube video player" width="560"></iframe>

Don says the team worked closely with&nbsp;<a href="/architects/john-wardle-architects">John Wardle Architects</a> and <a href="/architects/cottee-parker-architects">Cottee Parker</a>&nbsp;to create a collection of uncompromised focus on quality, timelessness, and attention to detail.

The final penthouses, created to evoke the same grandeur as a home just without the additional maintenance, range in size from 295 sqm to 347 sqm.

[smartcode_project:default project_id=113455 project_image_fid=302322]

They each have different floorplans, but the level of luxury is the same throughout, from soaring 3.4-metre-high ceilings to sweeping views of the Brisbane River and the city skyline from the riverfront terraces.

Everything in the penthouses is top-of-the-line. Herringbone European oak flooring features throughout the living areas, while the kitchen, fitted with a suite of&nbsp;premium V-ZUG Swiss appliances, is anchored by an oversized island bench with&nbsp;Dolce Vita quartzite.

Prospective penthouse buyers, as well as those who have been lucky enough to secure a piece of Monarch Residences, will be moving into the riverfront development in late 2025.

[smartcode_project_cta:default project_id=113455]

The final penthouses, created to evoke the same grandeur as a home just without the additional maintenance, range in size from 295 sqm to 347 sqm.

"A once-in-a-lifetime opportunity": Don O'Rorke discusses the Monarch Residences Penthouse Collection

The redevelopment of the landmark Shafston Estate, on over one-hectare of Brisbane River land in <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>, looks to be edging closer.

The plans are back with the Brisbane City Council to increase the density of the project, which was given the green light in early 2023.

Developer Burgundy Group had sought to develop a 15-level tower with 37 apartments designed by Rothelowman in 2022, with approval received in March last year.

The latest submission has come from&nbsp;Verso Development Group, an entity directed by Chinese-born Siwen Pan, who is believed to have taken over the 10,070 sqm site at 23 Castlebar Street.

Verso has brought in&nbsp;Kerry Hills Architects (KHA) to revise the plans for the unrepeatable site that is home to the&nbsp;1851, heritage-listed Shafston House, built by the Reverend Robert Creyke&nbsp;as a single-storey cottage called Ravenscott.

The proposal is for the tower to increase in levels to 25 and the apartments to go from 37 to 51.

<img alt="Shafston" data-entity-type="file" data-entity-uuid="55a90156-a5eb-420f-922c-e0bed0a6726e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-20%20at%202.02.43%E2%80%AFPM.png?VersionId=COey.vBpwZE_JIMeVG8cQpsXjIJHMFeq" />

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane’s finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," KHA noted in its Urban Context Report.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

The submission noted the departure point for the project is to celebrate the heritage elements that exist on the site.

"These elements manifest the layers of post-settlement history in Brisbane, and as part of the project they will be carefully and faithfully restored. They will be reinvigorated with uses that are closely associated with their original purposes as domestic and restorative spaces."

<img alt="Shafston" data-entity-type="file" data-entity-uuid="00cd19a0-27fa-47ea-8066-a781aabc893f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-20%20at%202.02.23%E2%80%AFPM.png?VersionId=SOFJU_WZr3RZjbe6zmGFNUOWzkZoOuJD" />

Verso was recommendaed by Urbis to provide an independent design review of the proposed changes to the existing code assessed development approval of the Shafston Estate.

Malcolm Middleton Architects produced the review on the former plans, suggesting they

"The proponent of the site has a vision of this unique property that exceeds the code assessed approval and associated design compliance approach," the review read.

"The amended design seeks to deliver a project that will make a significant contribution to the quality of the city residential standards as well as focal point of architectural expression that will create an urban uplift for the site specifically and the city overall."

As well as the new tower, there would be two riverfront homes, and a guest house in the retain Postal Depot Building.

Further changes to the 2023 approval include a new section of riverwalk along the river frontage of the site as public infrastructure, and a six-berth private marina will be constructed on the river out from the riverwalk, in place of the existing pontoon.

Verso has brought in Kerry Hills Architects (KHA) to revise the plans for the unrepeatable site that is home to the 1851, heritage-listed Shafston House, built by the Reverend Robert Creyke as a single-storey cottage called Ravenscott

Kangaroo Point's iconic Shafston House gets closer to apartment redevelopment

The first luxury waterfront apartments to be developed in almost a decade in North Queensland have been unveiled by Townsville developer Maidment Group.

Maidment Group, headed by long-time local developer Glen Maidment, has officially launched the $65 million Marina Residences, a collection of 18 luxury apartment on the last remaining site at the end of Mariner’s Peninsula off The Strand.&nbsp;

“We feel the time is right to deliver Marina Residences because there is such demand for luxury property in the region, but no product is available in the market,” said Glen Maidment, whose Maidment Group has developed in the Townsville region for the last 20 years.

“We bought the site some years ago and have planned meticulously to deliver a project that will set a new benchmark for North Queensland.

“Interest has been very strong prior to the formal release of the project and with seven sales already secured to pre-registered buyers prior to our November launch, this reflects the pent-up demand for luxury apartments in Townsville.”

<img alt="Maidment Group’s $65 million Marina Residences " data-entity-type="file" data-entity-uuid="6d8b4f43-2948-4e47-a829-883b4a9713cb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Apartment%201%20Living.jpeg?VersionId=9jpuSe9p5CWDNbMFgha.6lwIcwk428xd" />

Designed by Brisbane-based architect bureau^proberts,&nbsp;Marina Residences will rise 10 levels on a prime 1,400 sqm site at the end of Mariners Peninsula, which is located along Townsville’s iconic lifestyle destination of The Strand. The site was originally owned by publicly listed apartment developer Mirvac, which divested the site a decade ago.

Marina Residences offers a collection of 18 residences comprising 15 three-bedroom apartments and three Sky Homes – including the penthouse. Prices start from $2.7 million.

Residents will enjoy a suite of sophisticated resort-style amenities, including a gym, a private meeting room and a dining room, as well as a rooftop pool and sundeck that offers unobstructed vistas across the waterfront and east to Magnetic Island.

“Marina Residences is destined to become a landmark project that will redefine luxury living in the region,” Maidment added.

“We’ve spared nothing to create one of the most exciting new developments in the heart of Townsville. It’s sophisticated living at its best and undoubtedly one of the best projects we have ever presented to the market.”

Marina Residences builds on the success of Maidment Group’s first stage of its Mariners Peninsula offering - Marina Homes, which comprised eight luxury waterfront homes that were completed in mid-2024.

“The incredible success of Marina Homes, with all eight residences sold off the plan, highlights the strength of the Townsville market for luxury properties,” said Maidment.

“Among the potential buyers who have been looking to gain a foothold at Marina Residences are professionals and downsizers who are seeking the ultimate address on Townsville’s spectacular waterfront. They see this as the best address in town.”

<img alt="Maidment Group’s $65 million Marina Residences " data-entity-type="file" data-entity-uuid="749e718a-47b2-4cae-b623-a320258f5d50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Superman.jpeg?VersionId=5fA9yI5BqhyseHdVS6l5pqr4TkPzZoud" />

Marina Residences are priced from $2.7 million. Sky Home 1, which offers an expansive 495 sqm of living space, is set to smash sales records for the region.&nbsp;

“Sky Home 1 is the most significant residence to ever be released in North Queensland, presenting an incredible opportunity for the discerning buyer to secure a penthouse which compares to the very best ultra-luxury properties on offer throughout Queensland,” said Maidment.

“We believe the Townsville market is primed for residences of this calibre, and we have been firmly encouraged by the positive early response from the market. The economy is humming, and there is just no stock.”

The developer has appointed Hurst Constructions to deliver the project, extending Maidment Group’s long-standing relationship with the fellow Townsville-based business.

Marina Residences has recently been recognised with two prestigious awards at the recent 2024 UDIA Queensland Awards for Excellence, receiving accolades for Boutique Development and Regional Project of the Year for Stage 1 of the project, solidifying the demand for this exceptional property in the market.&nbsp;

In the wake of strong pre-sale commitments, Maidment plans to start construction of the Marina Residences apartment tower in January 2025. The project is scheduled for completion in late 2026.

Marina Residences offers a collection of 18 residences comprising 15 three-bedroom apartments and three Sky Homes – including the penthouse. Prices start from $2.7 million

Maidment Group to deliver Marina Residences, North Queensland's first waterfront apartments in a decade

John Camilleri, the famous breeder of the legendary mare Winx, has continued his spending spree in the new development market on the Gold Coast.

Earlier this year, the Sydney-based breeder paid just over $30 million for Pacific Point, a 10-level apartment block, and a three-level duplex, from fellow racing identity, Aquis billionaire Tony Fung.

The 1,682 sqm site at 3464-3468 Main Beach Parade, <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, had been earmarked for a 48-level hotel with 580 rooms. Camilleri has already reworked the plans, now proposing a 40-level tower with 93 apartments.

He's emerged again on property records, swooping on another project.

<img alt="AALTO" data-entity-type="file" data-entity-uuid="e3c716e1-dd20-485d-9270-aae6b26e8f55" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-15%20at%2010.58.45%E2%80%AFAM.png?VersionId=4jWmMDc5em9AUVc3A6DNr8DdackbC1ux" />

He's spent $53.65 million on Garfield Terrace, the 1,500 sqm site that was pitched for AALTO, a luxury tower with 75 apartments.

<a href="/new-apartments/aalto-75-79-garfield-terrace-surfers-paradise">AALTO</a>, at 75-79 Garfield Terrace, was being developed by Sydney-based Weiya Holdings, the developer behind De-Luxe, the redevelopment of the Old Burleigh Theatre Arcade in Burleigh Heads.

AALTO launched in late 2022, and reportedly secured a flurry of sales including a $15 million penthouse that was bought by a local who works in the property industry.

The penthouse had been slated to have&nbsp;five bedrooms, its own cinema room, a gym, an indoor and outdoor kitchen, and a 15-metre swimming pool.

Locals had driven the majority of enquiry, selling agent Patrick Pancur said.

A series of setbacks however has meant there's been no site activity, with a builder never appointed.

The site sale is just shy of the <a href="/news/qld/first-look-ktq-sell-garfield-terrace-site-for-56-million-as-demand-soars-for-gold-coast-beachfront-sites">$56 million secured by Peggy Glannery's KTQ</a> for its 2,025 sqm site just down the street at 27 Garfield Terrace.

Camilleri has emerged yet again on property records, swooping on another failed project.

First look exclusive: Winx breeder John Camilleri continues Gold Coast apartment development site spree

The Brisbane-based Dusk Group is making a bold move north, submitting plans for a rare new apartment development in Caloundra on the Sunshine Coast.

<a href="/developers/dusk-group">Dusk Group</a>, led by Hew Feeney, is seeking to develop <a href="/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset by Dusk Group</a>, a seven-level building at&nbsp;5-7 Bombala Terrace, a prime 1,255 sqm site a few streets away from both the beach and the centre of&nbsp;<a href="/developments/caloundra-qld-4551">Caloundra</a>.

Just 36 apartments have been proposed in the building designed by <a href="/architects/mas-architecture-studio">MAS Architecture Studio</a>.

[smartcode_project:default project_id=148795 project_image_fid=346465]

Lead architect Nick Symonds said he’s taken his inspiration from the nearby Kings Beach and Bulcock Beach.

“The façade’s earthy colour palette and contrasting textures reflect the warm golden sands of Caloundra’s local beaches, giving an instant holiday feel,” Symonds said. &nbsp;

“The gently curved balconies reflect a contemporary coastal aesthetic while the floor-to-ceiling windows and spacious balconies create true indoor, outdoor connection.” &nbsp;

The design incorporates a ground-floor swimming pool, BBQ area, resident lounge area, welcoming foyer, and a green communal space.

[smartcode_project:default project_id=148795 project_image_fid=346466]

“Sunset delivers what people have come to expect from modern coastal living.” &nbsp;

Dusk Group Director Anthony Short&nbsp;said residents will enjoy amazing water views to the north, east, and south. &nbsp;

“Residents can take in breathtaking sunset panoramas from Bulcock Beach to Bribie &nbsp;Island, and there’s the stunning Glasshouse mountains to the west,” Short said.&nbsp;

[smartcode_project:default project_id=148795 project_image_fid=346469]

The development is not just close to the beach but within walking distance to many modern amenities including Seasons Supermarket, Bicentennial Park, Kings Beach Tavern, and Caloundra Bowls Club. &nbsp;

One, two, and three-bedroom apartment configurations will be on offer, with prices starting from $700,000, appealing to a wide range of buyers including first home buyers, investors, and local downsizers. &nbsp;

[smartcode_project:default project_id=148795 project_image_fid=346471]

“I can’t wait to see Sunset come to life, meeting the need for quality design holiday apartments in the booming Sunshine Coast region,” Symonds added.&nbsp;

Construction is expected to begin in the second quarter of 2025.

Dusk Group is currently delivering <a href="/new-townhouses/aurora-on-depper-st-lucia-68-72-depper-street-st-lucia">Aurora on Depper</a>, a small collection of townhouses in <a href="/developments/st-lucia-qld-4067">St Lucia</a> in <a href="/developments/brisbane-qld">Brisbane</a>.

[smartcode_project_cta:default project_id=148795]

One, two, and three-bedroom apartment configurations will be on offer, with prices starting from $700,000, appealing to a wide range of buyers including first home buyers, investors, and local downsizers.

Dusk Group sets sights on Caloundra new apartment market with Sunset Caloundra development

Apartment developer Mosaic is onto its fifth tower in as many years in the booming <a href="/developments/broadbeach-qld-4218">Broadbeach</a>.

<a href="/developers/mosaic-property-group">Mosaic</a>, currently delivering sister towers <a href="/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily by Mosaic</a> and <a href="/buildings/marella-146-surf-parade-broadbeach">Marella&nbsp;by Mosaic</a> after previously completing Bela and Dawn nearby, has filed plans for 59 apartments at 22 Mary Avenue, next door to the <a href="/news/qld/first-look-exclusive-abedian-family-reveals-broadbeach-apartment-plans">new 47-level tower</a> planned by <a href="/developers/abedian-co">Abedian &amp; Co</a>.

Mosaic had Melbourne-based architecture firm Fraser&nbsp;&amp; Partners create the scheme for the 38-level building.

Read more:&nbsp;<a href="/news/qld/why-its-all-about-broadbeach-still">Why it's all about Broadbeach...still</a>

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="e2d40a8f-82df-41c1-b5a4-b0a04d9b888b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.15%E2%80%AFAM.png?VersionId=rTs_2wgHT9K8fgNCwiSRnVwcbN_EmliH" />

Elenberg Fraser, who designed the soon-to-be-completed Mondrian in <a href="/developments/burleigh-heads-qld-4220">Burleigh Heads</a> but whose majority of work has been in the Victorian capital, cited the famous quote from German-American architect Ludwig Mies van der Rohe in its design statement submitted to the <a href="/developments/gold-coast-qld">Gold Coast</a> City Council this week

“A statement of minimalist design, stripping away the unnecessary to reveal the essence of structure and space.”

The three-level podium will be occupied by car parking, while the fourth and fifth levels are dedicated to amenities like a swimming pool and pool deck, a gym, and a wellness area with a sauna, steam room, cold plunge, magnesium plunge, and a spa, and a library lounge,&nbsp;boardroom, and an office.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="c763d494-965a-405e-87f4-d42f754644b1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.58.35%E2%80%AFAM.png?VersionId=PQ9P._RpPigg_3n5QJmdMWKBx5YJ.AWp" />

There will be just two apartments per floor from level six to level 33, one with three bedrooms and 166 sqm of internal living space and the other with three bedrooms and an MPR with just under 200 sqm of internal space. They each have an 18 sqm balcony, oriented east to face the ocean.

The top three levels will home three full-floor penthouses, each with four bedrooms, a home office, and several entertaining areas. They will have 365 sqm of living space.

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="9ed2edcb-21bd-4317-81fa-7a6e3bbb82a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-13%20at%207.48.09%E2%80%AFAM.png?VersionId=L0AMa0ieEeytY0jIVVFnoqs_0jXLBHcG" />

GV Property Group's Luke Reaby put the site together, securing around a 40 per cent uplift on values for the eight individual owners in the late 1960s building.

The 1,014 sqm site has a 33-metre frontage to Mary Avenue, a popular street for both developers and buyers due to its proximity to Broadbeach State School, which ensures protected views of the beach and ocean.

Mary Avenue has been a popular street for new apartment developers and buyers due to its protected views of the ocean

First look exclusive: Mosaic file plans for fifth Broadbeach apartment development

A new tower has been pitched in Surfers Paradise, offering some of the largest apartments Surfers Paradise has ever seen.

The Sydney-based YHY Group has sought to develop a 33-level building with 74 dwellings across an amalgamated triple site incorporating 56, 58 and 60 Sunset Boulevard on the Nerang River.

Mode Design Corp submitted the architectural plans, stating the tower will redefine luxury on the <a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;and will&nbsp;"craft an exclusive sanctuary where glamour, privacy, and nature converge seamlessly."

"Designed as an elevated haven on the Gold Coast, the tower draws inspiration from the natural elements—sky, water, greenery, and stone—and offers residents a harmonious blend of high-end design and biophilic appeal."

"Sculptural facades and curving forms create a visually captivating tower, accentuated by layered glass balustrades, balconies and feature glazing that gracefully wrap around the structure, capturing light while shielding from direct sun, ensuring comfortable interiors with uninterrupted vistas."

<img alt="YHY" data-entity-type="file" data-entity-uuid="ae723e1d-bd9b-4ae6-9903-1b0eae99ff75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.04%E2%80%AFPM.png?VersionId=_7NCwn5MdgDszkk6Soy4cATEb.PWxSaw" />

Pitched is a single, three-level villa on the ground floor with six bedrooms and a pool, beneath a full-floor apartment with six bedrooms.

The building is split in two, with 16 three-bedroom, half-floor apartments, with a minimum of 345 sqm of internal space, running up to the two levels of amenities.

The ninth level will feature a kids play area with an adjoining creche, a lap pool that runs along the edge of the building, a recovery space with a sauna and steam room, a yoga room, a gym, golf simulator, and a wellness spa with a treatment room and a massage room.

Above is another swimming pool, this one with&nbsp;an integrated pool bar and spa which has been oriented to offer gun-barrel views to the Surfers skyline. On the same level is a lounge, a bookable lounge with a kitchen, and a business centre.

Above will be three units per floor, three, four and five-bed apartments until level 33, where the two-level north and south penthouses start. They will have six and five bedrooms each, as well as an MPR room, a sauna, and their own private pools.

<img alt="YHY" data-entity-type="file" data-entity-uuid="42a8c0bd-d2a2-4328-af10-e0cec3845614" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-12%20at%201.13.49%E2%80%AFPM.png?VersionId=lSOxEWM2ZTC8aiM2j5VvpPp.d5S7gPlT" />

The "Ultra Penthouse" is one of the largest ever pitched on the Gold Coast at 1,449 sqm of internal living space.

The ground level is set to feature&nbsp;a grand entry lobby, a cigar room, a cellar, library, study, bar and multiple entertaining areas.

There are five bedrooms spread across the five levels, as well as two staff quarters. The top level is dedicated just to a master suite, with a sauna, a gym, and a spa on the balcony. Including external space, the penthouse totals 2,239 sqm.

"This oasis in the sky exemplifies opulent high-end luxury living, where architecture and environment unite to create an extraordinary, luxurious lifestyle along the Gold Coast," Mode added.

The penthouse is larger than the one atop <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, currently under construction on <a href="/developments/chevron-island-qld-4217">Chevron Island</a>.

The penthouse, which is set to be retained by Elias Jreissati, the chairman of Chevron One developer <a href="/developers/bensons-property-group">Bensons Property Group</a>, measures over 1,700 sqm in total&nbsp;– 946 sqm internal and a further 774 sqm under roof of external space.

The new development is a few doors down from Sunset Residences, the more boutique 43-apartment development soon to launch by Roy Skaf's Macquarie York at <a href="/new-apartments/sunset-residence-50-sunset-boulevarde-surfers-paradise">50 Sunset Boulevard</a>.

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