Private equity real estate firm Conquest has entered into a $220 million partnership with Woolworths’ development arm, Fabcot, to deliver its long-awaited Waterloo project on Bourke Street.

The Bourke Street development was first flagged by Fabcot back in 2021 as part of its push into Sydney’s residential market. However, progress has since stalled, with no activity on site amid a number of design revisions in consultation with the City of Sydney.

<a href="https://www.apartments.com.au/developers/conquest">Conquest</a>, which is actively planning more than $6 billion worth of new developments, predominantly mixed-use precincts, is now set to move the project forward.

The current plans include between 110 and 120 apartments across two buildings designed by Bates Smart at <a href="https://www.apartments.com.au/new-apartments/923-935-bourke-street-waterloo-nsw-2017">923 Bourke Street</a>. The scheme will incorporate a portion of apartments reserved for key workers, alongside premium commercial space at ground level, including a full-line Woolworths supermarket.

Construction is expected to commence in the second half of 2026.

Michael&nbsp;Akaawi, CEO of Conquest, said the partnership reflects the firm’s commitment to "convenience-led" urban renewal."

"We are preparing to commence construction in the second half of this year," Akaawi says.

"Along with Woolworths, we look forward to delivering the first major supermarket to the growing Waterloo community, integrated with premium new apartments and specialty retail shops. Our focus is on creating a seamless lifestyle hub where essential services are at the doorstep, saving residents time and enhancing their quality of life."&nbsp;

<img alt="Conquest" data-entity-type="file" data-entity-uuid="d8beee83-ef9b-446b-a3b3-1e2fe596512b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-01%20at%2011.08.46%E2%80%AFAM.png?VersionId=raYhGepiLUJfx4InLPRRJduA3ftDJ_kS" />

The news comes just a week after Conquest went to the NSW Government to upsize its plans for Castlecrag's Quadrangle Shopping Centre.

Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.

Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.

Conquest has been increasingly active in the development space in recent years. The group acquired the&nbsp;<a href="https://www.apartments.com.au/developments/eastlakes-nsw-2018">Eastlakes</a>&nbsp;Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a&nbsp;<a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.

Joel Robinson

Conquest partners with Woolworths to deliver mixed-use Waterloo project

A shift away from Sydney’s industrial past has left parts of the inner south defined by contrast, brick warehouses repurposed into dining precincts, former factory streets softened by landscaping and pedestrian activity.

Rosebery is one of those suburbs. Over the past decade, it has undergone significant gentrification, anchored by The Cannery, which has helped reposition the area as one of the inner city’s most sought-after lifestyle pockets.

What hasn’t kept pace with that transformation is new residential supply, which has remained relatively limited. Builder-developer Deicorp identified that gap early, securing a site in 2019 and delivering what is now one of the suburb’s most architecturally distinctive developments.

To realise the vision, Deicorp engaged Candalepas Associates to design The Rothschild, a project that is immediately recognisable from the street.

Completed in 2025, The Rothschild comprises two buildings across Rothschild and Mentmore Avenues, delivering 176 apartments. The development replaces a former industrial site, retaining a material and structural dialogue with its past while introducing a more resolved residential framework. The scale is deliberate but not monolithic, broken into forms that engage both street frontages, with retail at ground level and two levels of basement parking below.

[smartcode_project:default project_id=106843 project_image_fid=221665]

From the street, the architectural intent is clear. Off-form concrete columns run through the façade, establishing a repeated structural rhythm that gives the building its visual weight. These are paired with deep-set arches and sections of exposed brickwork, creating a layered elevation that reads less like a typical apartment block and more like a reinterpretation of industrial architecture.

The material palette is intentionally restrained, with concrete left exposed and brick used to define mass rather than decoration. The result is a building that stands out through proportion and repetition, rather than height or glazing.

This approach continues internally. A central landscaped courtyard sits between the two buildings, anchored by an olive grove that acts as both a visual and spatial focal point. Rather than functioning as residual space, the courtyard is designed as a shared ground plane, where circulation paths, seating areas and planting come together to create a usable communal environment. Its positioning allows natural light to penetrate deep into the site while maintaining separation between residences.

[smartcode_project:default project_id=106843 project_image_fid=221666]

Within the apartments, the planning follows a clear and functional logic. Entry points lead directly into open-plan living areas, with kitchens positioned as central elements alongside dining and lounge spaces. These zones extend to balconies or external openings, maintaining a visual connection to either the courtyard or the street.

Kitchens prioritise practicality, with generous bench space, ample storage and European appliances configured for everyday use. Bedrooms are typically set back from the main living areas, creating quieter zones within each residence, with separation achieved through layout rather than material change. Bathrooms are compact but efficient, incorporating mirrored cabinetry and integrated storage to maximise space. Across all residences, the emphasis is on clarity of movement and functional planning.

[smartcode_project:default project_id=106843 project_image_fid=221669]

At ground level, retail and hospitality uses extend the building’s presence beyond its residential function. A café or restaurant space, alongside communal amenities such as a music room and rooftop areas, positions the development as part of a broader urban network rather than a standalone project. These shared spaces reinforce a lifestyle where the building operates as an extension of the surrounding neighbourhood.

Rosebery’s proximity to Green Square, The Cannery and nearby parklands supports this model of living, where much of daily life is within walking distance. The Rothschild sits comfortably within that network, contributing to the streetscape through its distinctive architecture, while internally organising space around light, structure and communal use.

The Rothschild is now complete and ready to move in, with limited residences remaining.

[smartcode_project_cta:default project_id=106843]

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

KTQ has unveiled&nbsp;<a href="https://www.apartments.com.au/new-apartments/casilia-16-marine-parade-coolangatta-qld-4225">Casilia</a>, the final residential release within the Kirra Point precinct which really kicked off the boom in the area back in 2019.

The final stage comprises&nbsp;87 residences and marks the culmination of a long-term, family-led vision for Kirra Point, as the precinct moves toward completion in tandem with the development.

Around $100 million in sales have been achieved already, close to 35 per cent of the residences secured ahead of launch. There have been a significant number of buyers returning from the first stage of the development, Miles Residences, securing another property within Kirra Point.

[smartcode_project:default project_id=152295 project_image_fid=368410]

Selling agent Tim Keenan from Keenan Byrne said the response reflects both the scarcity of the offering and Kirra’s growing reputation as a premium coastal market.

“This is effectively Kirra’s final act, the last release within what has become one of the Southern Gold Coast’s most tightly held beachfront precincts,” Keenan said.

“We’ve seen exceptionally strong pre-sale interest, from VIP waitlists through to off-market enquiry, which speaks to both the quality of the product and the confidence buyers have in the precinct. What’s particularly compelling is the number of buyers returning from Miles, either upgrading or investing again, which is a strong signal of how the precinct has been received."

Keenan adds that at the same time, north-facing beachfront remains exceptionally rare in Australia, limited to places like Noosa, Byron and Kirra, which is underpinning long-term value.

[smartcode_project:default project_id=152295 project_image_fid=368415]

Positioned along one of Australia’s few true north-facing beaches, Casilia offers a mix of two and three-bedroom residences with pricing ranging from $1.87 million to $7.15 million and two exclusive penthouses. Residences are oriented to capture varying outlooks, from uninterrupted Pacific Ocean views across Kirra Beach to hinterland vistas, with upper levels and shared amenity taking in sweeping perspectives along the Gold Coast coastline.

At rooftop level, a north-facing pool deck captures expansive, uninterrupted views over Kirra Beach and north towards Surface Paradise. The space incorporates a heated resort-style pool, mineral spa, sun lounges and a covered BBQ cantina.

Buyer profiles are broad, typically aged between 40 and 70, with a strong skew toward second-home ownership, drawn by a combination of lifestyle, relative value, proximity to Gold Coast Airport and lower congestion compared to more established markets such as Byron Bay and Noosa.

[smartcode_project:default project_id=152295 project_image_fid=368414]

The project is being delivered by <a href="https://www.apartments.com.au/developers/ktq-group">KTQ Group</a>, a family-owned Australian property group with a diverse portfolio spanning residential, hospitality and commercial developments. The group has delivered a number of notable projects across sectors, including the award-winning Elements of Byron resort, demonstrating its depth of experience across both hospitality and residential development.

Known for its long-term approach to place-making, KTQ Group retains a vested interest in its projects, often holding assets within its portfolio, which has also helped build trust among buyers and reinforced confidence in both the vision and delivery certainty of the precinct.

“Casilia represents the final opportunity to secure a residence within Kirra Point and brings to market the last release within our long-term vision for the precinct," KTQ Group's Jeremy Holmes said.

"Kirra Point has been more than a decade in the making, and that timeframe reflects the care behind each decision, it takes listening, balance and vision to arrive at something that feels right for the location.

“Our approach has always been to deliver Kirra Point as a destination in its own right, a connected coastal neighbourhood integrating residential, hospitality and wellness, rather than a standalone project. It’s a vision that respects place, pace and permanence, and contributes to a sense of community that feels authentic to Kirra.”

[smartcode_project:default project_id=152295 project_image_fid=368411]

Once complete, the Kirra Point masterplan will incorporate a mix of dining establishments, bars and cafés, alongside the Kirra Point Health Club and a future 91-room independent resort hotel, creating a walkable, integrated lifestyle precinct.

Architecutue and interiors at Casilia have been designed by the experienced design houses of <a href="https://www.apartments.com.au/architects/little-boat-projects">Little Boat Projects</a> and O’Neil Architecture &amp; Interior Design, The design moves beyond the conventional coastal apartments, instead taking cues &nbsp;from the surrounding landscape - layering natural materials, soft curves and warm textures to create spaces that respond to light, airflow and the rhythms of coastal living.

Residences are designed with an array of floorplates, generous proportions and intuitive flow, while at ground level Casilia connects into the broader precinct, where future laneways, retail and hospitality offerings will contribute to a neighbourhood defined as much by how people live day-to-day as its beachfront position.

[smartcode_project_cta:default project_id=152295]

The final residential release within the Kirra Point masterplan is set to launch, as strong pre-sales signal sustained demand for the Southern Gold Coast

A decade in the making: KTQ launches Casilia at Kirra Point

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]

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

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?

Azure is releasing the final apartment in its One Five Six apartment development in New Farm.&nbsp;

The sub-penthouse in&nbsp;<a href="/buildings/one-five-six-156-oxlade-drive-new-farm">One Five Six</a>, located at 156 Oxlade Drive in the heart of <a href="/developments/new-farm-qld-4005">New Farm</a>, is the final apartment to be released to the market.

Set on level five of the building, the 226 sqm apartment has three bedrooms, three bathrooms, and a three-car garage. It features a 35 sqm river-facing terrace.

[smartcode_project:default project_id=95611 project_image_fid=180234]

Residence 5.02 is positioned on the north-eastern side of the building taking full advantage of the 11-metre frontage affording elevated, uninterrupted views of the Brisbane River and Oxlade Park.

<a href="/developers/azure">Azure</a> Director Trent Kiernan says the apartment is "pretty well irreplaceable."

"In a building without compromise and in the best street in New Farm, someone will be very lucky to secure it,” Keirnan said.

[smartcode_project:default project_id=95611 project_image_fid=180233] 
&nbsp;&nbsp; 
Simon Caulfield, who is marketing the apartment, says the opportunity to purchase something like this is scarce. 
&nbsp; 
“When you consider the location, uninterrupted views, practical floorplan and quality finishes throughout, the sub-penthouse residence has no compromise," Caulfield says.

"In the current market, residential opportunity of this calibre is incredibly scarce. Most importantly, construction is nearing completion where buyers have the benefit of occupying in the later half of this year."

[smartcode_project:default project_id=95611 project_image_fid=180226]

&nbsp;Brisbane remains a standout performer at the prestige end of the market, where it maintains positive growth rates consistently observed month on month.&nbsp; 
&nbsp; 
“While Brisbane continues to grapple with limited inventory, particularly in premium locations, there’s a noticeable influx of buyers, especially in the upper echelons of the market," Caulfield adds.

"This demand underscores Brisbane’s status as an attractive investment destination, offering a compelling mix of lifestyle amenities, urban sophistication, and comparatively more affordable prices compared to <a href="/new-apartments/sydney-nsw">Sydney</a> and <a href="/new-apartments/melbourne-vic">Melbourne</a>.”

[smartcode_project:default project_id=95611 project_image_fid=180239] 
&nbsp; 
Affluent buyers are typically looking to transition to a more streamlined lifestyle without sacrificing on quality or comfort, looking to purchase more than just a place to live.&nbsp; 
&nbsp; 
“Understanding and catering to buyers’ preferences in the high-end property market is crucial for developers and agents operating in the prestige property space, One Five Six perfectly exemplifies the desire to purchase a lifestyle statement that encapsulates luxury, security and convenience.” 
&nbsp; 
One Five Six offers a collection of a total of ten residences comprising of a penthouse, garden penthouse and eight apartments, complemented by luxurious amenities that promote rest and recovery from a busy city lifestyle.

[smartcode_project:default project_id=95611 project_image_fid=180240] 
&nbsp; 
The penthouse comprising of 4-bedrooms, 5-bathrooms, 7-car garage, 1500 bottle cellar, complete with a 200sqm rooftop terrace and heated lap pool sold for a Brisbane record of $11.3 million in 2022. 
&nbsp; 
Azure is a privately owned real estate development and investment company that has delivered more than 1,400 terraces, units and residential lots since it was founded in 2014. 
&nbsp; 
The company’s active portfolio of seven developments is valued at more than $500 million including <a href="/new-apartments/one-earle-lane-by-azure">One Earle Lane</a>, Oakmont and <a href="/buildings/dahlia-residences-106-alex-avenue-schofields">Dahlia</a> and it hosts a future pipeline in excess of $1.3 billion.

One Five Six is set to be completed by the end of 2024.

[smartcode_project_cta:default project_id=95611]

Best and last remaining riverfront-facing residential property launched to market

Azure release final apartment in One Five Six, New Farm development

Developer Kinstone Group has lodged plans for a $380 million mixed-use master-planned community in Rochedale, 15 minutes south of the Brisbane CBD, delivering new housing supply alongside expansive green space, retail, and a boutique hotel and tavern.&nbsp;

Designed by award-winning <a href="/builders/arkhefield">Arkhefield</a>, ‘Rochedale Terrace’ is situated at the four-hectare corner site at 46 West Street and 400 Miles Platting Road. &nbsp;

It has been envisioned as a ‘new community heart’ for the suburb, linking a large new parkland with existing green space to create a walkable corridor that integrates recreation, retail and residential. &nbsp;

<a href="/developers/kinstone-group">Kinstone Group</a> General Manager, Tommy Hung, said the proposed master plan will be delivered in three stages over the next decade.&nbsp;

“Our vision is to create a vibrant and welcoming destination that celebrates the natural environment and brings people together,” Hung said.&nbsp;

“The first stage of Rochedale Terrace will deliver a contemporary mixed-use precinct that includes a variety of retail and dining options, a local tavern, and a 75-room boutique hotel, deliberately set back from West Street to prioritise the position of the new community park.&nbsp;

“The park is the heart of the precinct, from which the retail pavilion and residential buildings will take shape. It also provides an opportunity to rejuvenate the adjoining creek and connect the precinct to &nbsp;the broader community.”&nbsp;

Around 280 apartments will be delivered during the second and third stages of development, alongside additional retail and commercial spaces, outdoor pavilions and extensive landscaping for the benefit of the broader community. &nbsp;

“Rochedale Terrace will create more green shared spaces, retail and social precincts for the community to connect and will become a vibrant meeting place in years to come,” Hung added.&nbsp;

<a href="/developments/rochedale-qld-4123">Rochedale</a> is one of <a href="/developments/brisbane-qld">Brisbane</a>’s original ‘million dollar’ suburbs due to its large family homes and connection to the city and has been the focus of major public and private investment in recent years.&nbsp;

Hung said the Rochedale Terrace master plan responds to this growth with a ‘gentle density’ approach that provides much-needed housing diversity and retail, recreation and events spaces.&nbsp;

Kinstone Group is actively delivering several masterplanned communities in South East Queensland, including the 65-hectare Serenity 4212 master plan in Helensvale and the $1.5 billion Foxwell Coomera mixed-use precinct on the northern Gold Coast – both in a joint venture with Keylin.&nbsp;

&nbsp;

Kinstone Group General Manager, Tommy Hung, said the proposed master plan will be delivered in three stages over the next decade. 

Kinstone plot $380 million Rochedale precinct, Rochedale Terrace

Sherpa Property Group has completed its luxury&nbsp;Mermaid Beach&nbsp;apartment development, Perspective on Albatross.

<a href="/buildings/perspective-on-albatross">Perspective on Albatross</a>, which comprises eight four-bedroom, three-bathroom apartments, is now ready for occupancy with only one ground-floor residence still available for purchase.

[smartcode_project:default project_id=111484 project_image_fid=213896]

The remaining unit features an expansive outdoor terrace upgraded with a private spa, sauna, wine bar, and two fireplaces. It also includes a double lock-up garage with additional storage space.

Designed by award-winning architects <a href="/architects/hal-architects">HAL</a> and built by <a href="/builders/5point-projects">5Point Projects</a>, Perspective on Albatross features sculptural Mediterranean minimalism and a natural colour palette to create a timeless design.

[smartcode_project:default project_id=111484 project_image_fid=230561]

<a href="/developers/sherpa-property-group">Sherpa Property Group</a>&nbsp;Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers.

“Many of these buyers are local downsizers who have been enticed by the unique location, spectacular architecture and beautiful living spaces that take full advantage of an elevated beachside location”, Leet said.

“Notching closer to 100 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living on the <a href="/developments/gold-coast-qld">Gold Coast</a>, during a time when available stock is at an all-time low.”

Perspective on Albatross is situated just 160 metres from the beach, offering a prime location in <a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a>.&nbsp;

Sherpa Property Group Founder Christie Leet says success in sales for Perspective on Albatross has been driven by demand from a mixture of local owner-occupiers and downsizers

Sherpa completes Perspective on Albatross, Mermaid Beach apartments

Residential construction work has remained stable across Brisbane.

The recently released RLB Crane Index® Q1 2024 shows a slight decline in residential crane numbers in the sky across Brisbane, down from 36 in Q3 2023 to 34 in Q1 2024.

Adding to the supply of new apartments in <a href="/developments/brisbane-qld">Brisbane</a> is&nbsp;<a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye Residences</a> by <a href="/developers/pikos-group">Pikos</a> and <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>, both&nbsp;in <a href="/new-apartments/kangaroo-point-qld-4169">Kangaroo Point</a>. They both saw cranes added to their prime sites in the affluent riverside suburb.

[smartcode_project:default project_id=90059 project_image_fid=218021]

The CBD and its surrounding area still have most of the city's cranes, accounting for 62 per cent.&nbsp;There were 15 cranes removed from projects in Brisbane, Kangaroo Point, <a href="/new-apartments/new-farm-qld-4005">New Farm</a>, <a href="/new-apartments/south-brisbane-qld-4101">South Brisbane</a>, <a href="/new-apartments/west-end-qld-4101">West End</a>, and <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a>.

The <a href="/new-apartments/queen-s-wharf-residences-23-margaret-street-brisbane">Queen’s Wharf</a> project, previously a major contributor to Brisbane's crane count, saw five cranes removed, leaving four left&nbsp;on site as the project approaches completion.

Activity in Brisbane’s east saw an increase of six cranes to bring the region’s total to seven cranes. This total equals the previous high count of seven cranes in Q1 2021. Only one was a build-to-sell residential project,&nbsp;<a href="/developers/gardner-vaughan-group">Gardner Vaughan's</a> <a href="/new-apartments/stones-corner-qld-4120">Stones Corner</a> project <a href="/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>.

[smartcode_project:default project_id=114094 project_image_fid=246997]

Brisbane North saw a significant fall in residential crane numbers, down from 12 to six, as cranes were removed from the completed <a href="/buildings/canvas-bulimba-30-love-street-bulimba-qld-4171">Canvas Bulimba</a> by <a href="/developers/graya">Graya</a> and <a href="/buildings/bide-newstead-21-longland-street-newstead">Bide Newstead</a> by <a href="/developers/dibcorp-properties">Dibcorp</a>, as well as three from Mirvac's Quay tower in Newstead.

There were numerous cranes added to Brisbane West's residential count, with <a href="/developers/consolidated-properties">Consolidated Properties</a>' <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>&nbsp;in <a href="/new-apartments/toowong-qld-4066">Toowong</a> adding a crane, as well as <a href="/new-apartments/the-audrey-109-clarence-road-indooroopilly">The Audrey</a> in <a href="/new-apartments/indooroopilly-qld-4068">Indooroopilly</a>.

Brisbane's residential cranes account for 44 per cent of all cranes in Brisbane.&nbsp;This proportion is lower than in <a href="/developments/melbourne-vic">Melbourne</a> and <a href="/developments/sydney-nsw">Sydney</a>, where residential cranes represent 55 per cent and 64 per cent of all cranes, respectively.

Brisbane's residential cranes account for 44 per cent of all cranes in Brisbane

Brisbane residential work remains stable: RLB Crane Index Brisbane Q1 2024 

Demolition has started on DD Living's prime North Burleigh site that will pave the way for their luxury $510 million apartment development, Burly Residences.

The two old&nbsp;apartment buildings on the 2024 sqm double site at 264-266 Esplanade will make way the for 25-level glass tower.

<a href="/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a>&nbsp;will have 101 apartments starting from $2.2 million for the two-bedroom apartments. The private three-bedroom residences start from $8.8 million, while the single-level, four-bedroom penthouses are priced from $13,608,000.&nbsp;

There are two levels of resort-style amenities including several swimming pools, casual and formal dining, kitchen, bar, private office space, an executive lounge and wellness centre with a gym, steam room, sauna and designated space for yoga, Pilates and Peloton workouts.

[smartcode_project:default project_id=134791 project_image_fid=220106]

DD Living Managing Director David Devine says Burly has been designed in response to the premium beachfront location

“When we secured two neighbouring sites with beach frontage on The Esplanade in North Burleigh, it was apparent to us that Burly required an impeccable landmark design, and we are pleased with the result from <a href="/architects/koichi-takada-architects">Koichi Takada</a>,"&nbsp;Devine said.

“I am thrilled to see progress on site and eagerly await the milestones as it is transformed into Burly Residences over the coming years. Burly has been designed in response to the premium beachfront location - a coastal glamour that is carried through to the interiors with the very best elements of beach living blended into cosmopolitan sophistication and elegance.”&nbsp;

[smartcode_project:default project_id=134791 project_image_fid=220104]

&nbsp;

The sales of Burly Residences are being managed by <a href="/project-marketer/total-property-group">TOTAL Property Group</a>, who is fielding enquiry from both Australian and international buyers.

The majority of purchasers have come from Queensland (50%), of which half are Gold Coast locals.

Victorian buyers have purchased 23 per cent of apartments sold at Burly, 13 per cent of buyers are from New South Wales, three per cent are from ACT, and 10 per cent have come from overseas.&nbsp;

[smartcode_project:default project_id=134791 project_image_fid=220248]

“Burly Residences offers a level of amenity and apartment quality that is unmatched on the Gold Coast, and savvy buyers are recognising this as a unique opportunity in the sought-after North Burleigh location,” TOTAL Property Group Managing Director Adrian Parsons said.

“The apartments and their residential amenity are beyond anything else currently available on the market in the quieter beachfront area of North Burleigh and prestige property purchasers are responding.

“The six-star amenities DD Living is planning for this residential building are equivalent to a six-star resort hotel in the world’s most premier locations. The amenities and facilities are worldclass offering unparalleled lifestyle for the sophisticated purchaser."

The apartments, with&nbsp;interiors by&nbsp;<a href="/interior-designers/mim-design">Mim Design</a>, are expected to complete in 2027.

[smartcode_project_cta:default project_id=134791]

The apartments, with interiors by Mim Design, are expected to complete in 2027

Demolition paves the way for DD Living's Burly Residences in North Burleigh

Following the recent completion of its luxury Palm Beach apartment development Cabana Palm Beach, Josh Foote's Ignite Projects has secured its next development site.

They've paid around $7 million for Laurieton House, a 1960s apartment development at 186 Jefferson Lane, up the road from the Palm Beach Surf Club.

They bought the site through GV Property Group's Antonio Mercuri and Luke Reaby, who also sold the 1,600 sqm block to Sydney-based developer Daascon in 2022.

First look exclusive: <a href="/news/qld/first-look-exclusive-apartment-project-revealed-on-one-of-palm-beachs-biggest-sites">Apartment project revealed on one of Palm Beach's biggest sites</a>

<a href="/developers/ignite-projects">Ignite</a> will be looking to revise the 14-level plans Daascon had for the site, instead opting for a code assessable nine-level building which Foote says will be similar to Cabana on&nbsp;Nineteenth Avenue.

“No two projects are the same and we define ourselves by our point of difference, as each project is refreshingly original, but there will be similarities to Cabana,” he says.

“We live, surf and socialise in the area and respect the community so our impact is our legacy.”

Ignite sold out Cabana in 2021, within eight weeks of its launch on Boxing Day 2020.

[smartcode_project:default project_id=84861 project_image_fid=142160]

GV Principal Antonio Mercuri says the sale is&nbsp;a great result for the community.

“These older unit blocks like Laurieton House have well and truly had their day, but it’s great to see a local developer see the potential in the property and look to build a project that neighbours would be much happier with.

“I think that comes from just knowing the area. “It certainly helps when the developer lives locally and is raising their own families here - they genuinely want what’s best for the Coast.”

Daascon’s plans for the 14-floor tower on the site were approved by Council but were the subject of an appeal at the time of their decision to sell the property.

Ignite will be looking to revise the 14-level plans Daascon had for the site, instead opting for a code assessable nine-level building which Foote says will be similar to Cabana on Nineteenth Avenue

First look exclusive: Ignite Projects line up next luxury Palm Beach apartment development

ASX-listed developer Mirvac has submitted plans for its third and final stage in its $1 billion Newstead waterfront precinct, Sky Waterfront.

Their final tower, following the nearly sold-out Isle and Quay buildings, will be the tallest building in the mini masterplan that also includes the build-to-rent tower LIV Anura. <a href="/developers/mirvac?referrer=Mirvac">Mirvac</a> is proposing a 27-level tower with 138 apartments.

The apartments will sit above four basement levels that will home 244 car parking spaces and 160 bicycle spaces.

There will be over 3,000 sqm of public open space, as well as 746 sqm of resident space that will include rooftop amenity in the form of&nbsp;a gym, swimming pool, dining area, BBQ facilities, and entertaining spaces. Level two will also home a business centre for residents, catering to the work-from-home lifestyle.

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="fd009e3c-6c58-4663-9303-346b11bfd790" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2012.50.20%20pm.png?VersionId=YSBjvuAOnG0wJiuyG3c6Yn2BRt.LvWP7" />

The owner-occupier-focussed tower will have just a single one-bed apartment, 85 two-bedders, 42 three-bedroom apartments and 10 apartments with four bedrooms or more.

The development will create a community plaza on the corner of Skyring Terrace and Cunningham Street that will act as the focal point of not only the Sky Precinct but also a destination meeting place for the broader Newstead community.

Mirvac General Manager Residential Queensland, Warwick Bible, said the whole precinct has been designed from the ground up, ensuring the three buildings interact with the surrounding parkland, retail and residential to enhance amenity and connectivity for residents.

“Our vision has always been to create a precinct that acts as a visual gateway to the Teneriffe and New Farm peninsular," Bible said.

"The Civic Square delivered as a part of this proposal on the corner of Cunningham Street and Skyring Terrace will serve as an entrance into the precinct from the west while connecting Gasworks’ retail and Waterfront Park."

Mirvac says given&nbsp;Brisbane's highly amenable climate, diverse public open spaces have been thoughtfully designed on the ground level, providing inviting outdoor areas for community gatherings and interaction.&nbsp;

The project will sit on 4,989 sqm across 13 Cunningham Street and 57 Skyring Terrace, around a third of the wider 14,774 sqm site that will home the other two towers that are currently under construction.

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="c4fadd18-bd1c-4b16-ba9a-a0b720ce23fc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2012.50.59%20pm.png?VersionId=aZ7pREV9MX7OpagpTuiJ7Q6SmUMiZCZT" />

Mirvac Design said in the documents submitted to the Brisbane City Council the vision for stage three is&nbsp;to complete the family of biophillic buildings by creating a precinct identity and a sense of place.

They said the design shares a language of organic forms and planted green façades with the previous stages but does so in a way that gives it a unique identity.&nbsp;

"The planting strategy differs from stage one and two, a crucial element in establishing a distinct identity for this building. The treatment of the balustrade for the proposed form directly corresponds to the varied placement of planters on each floor. The balustrade sweeps around the planters, generating an undulating pattern of greenery on the façade."'

<img alt="Mirvac" data-entity-type="file" data-entity-uuid="417853c3-2493-4fb7-85d4-99ead36a753f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2012.50.28%20pm.png?VersionId=QTVs8Y5XwBr2VOy4iXIDCqIagbrlh7Mn" />

Urbis said the proposal for Sky Stage 3 is aligned with the intent of key city strategies, with the greatest reference to Brisbane's Sustainable Growth Strategy.

"Sky Stage 3 offers inner city living at its best, being located across the road from the services and retail of Gasworks shopping centre, within 200m of the Riverwalk, directly on Skyring Terrace which is serviced by the CityGlider bus services and on the Waterfront Park," Urbis noted in the submission documents.

"With delivered experience in design excellence, the proposition by Mirvac is aligned to the future 'brand Brisbane'. With a design for the tower embodying Buildings that Breathe principles and a conscious effort to integrate a high Green factor score, the design proposal will contribute greatly to the skyline of Newstead."

Based on Newstead’s population forecast, the suburb needs an additional 5,800 dwellings by 2041.

Bible said the proposed building would provide much-needed housing to the undersupplied Brisbane market, Australia’s fastest-growing capital city.

“The Queensland Government’s population projections indicate the city will continue to grow by more than 14,000 people each year, with about a third of those to reside in Brisbane’s inner suburbs, making new projects such as this one essential to keeping pace.

“We’ve worked hard to deliver a mix of apartments at Waterfront Newstead to suit a diverse array of residents, from luxury apartments to our build-to-rent project, where 25 per cent of apartments will be key worker affordable housing, offered at a discount to market rent.”

Urbis said the proposal for Sky Stage 3 is aligned with the intent of key city strategies, with the greatest reference to Brisbane's Sustainable Growth Strategy.

Mirvac files plans for final stage of Sky Waterfront, Newstead precinct

Brisbane developer Shayher Group has revealed the first stage of its highly anticipated Bulimba Barracks masterplan.

<a href="/developers/shayher-group">Shayher</a> secured the <a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">Bulimba Barracks</a> in 2020, buying it from the Department of Defence who had owned it since 2015 when the Commonwealth government disposed of the site as a defence asset.

Since 2020 the majority of the buildings that were part of the barracks from World War II to the 1980s have been demolished. The only building that has been retained is the fabrication workshop which was a barge building shop in World War II.

That will form one of three buildings for the <a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">first stage of the redevelopment</a> of the 20.73-hectare site. Shayher is first focusing on a 6,382 sqm block fronting Apollo Road in the northwest corner of the site. They're planning two low-rise apartment buildings with 69 apartments, separated by a laneway from the fabrication workshop which will be restored.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="20c132a1-f7e0-4120-9d19-c594aa89f9e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%209.44.29%20am.png?VersionId=28UWuHHWpkdbXnno5yIT333N4LdhYD9a" />

The fabrication workshop will home a display suite during the market and construction phase of the development, before being converted into a food and beverage hospitality venue with a cafe and outdoor dining next to the Brisbane River.

Shayher had Buchan Group put together the plans for the two three-level buildings. While not having to bow to strict heritage rules given the former factories on the block had been torn down, there was the consciousness that the buildings be located, designed and constructed to reflect the footprint, overall bulk, and scale of the WWII buildings.

The 69 apartments will be split across two buildings that will be divided by a central community garden, complete with a 13-metre resident swimming pool, activities lawn, sauna, outdoor dining cabana and cabana lounges. Each building will have a rooftop garden with golf-putting greens and open lawn spaces for yoga and lawn bowls. One rooftop will have a reduced-size pickleball court.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="935d39ed-5b74-4d3a-a28b-7e5a90bdede2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%209.44.43%20am.png?VersionId=tDMrv1X818lMTsOsN1qaM7fWw7ViUAbW" />

There will be 10 one-bedroom apartments on offer, 38 two-beds and 21 three-bedroom units. They will sit above 180 basement parking spaces.

Buchan Group said in their Urban Context Report the <a href="/new-apartments/bulimba-qld-4171">Bulimba</a> Barracks represents an eastern gateway to the river’s edge and symbolises the continuing evolution of Brisbane’s inner city.

"The intent is to start creating a new neighbourhood as envisioned in the Masterplan approved in 2022, which seamlessly integrates with adjoining neighbourhoods and surrounding residential areas providing new opportunities for connectivity and access to the riverfront," the architecture firm said.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="9753bc6e-8a40-4372-9ce9-407b046c5240" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2010.18.50%20am.png?VersionId=Z_GE9Amz0oTdce6ntn6U5867g5Enuso2" />

They said the development&nbsp;offers an exciting opportunity for the renewal of an underutilised site and activation to the surrounding area.

"The focus for the development will be on providing a new offering to the local area. The fabrication workshop will be retained and adapted to create a new community heart that will provide a strong visual identity for the neighbourhood and new neighbourhood centre."

Development of the site is set to occur over the next five to 10 years, broadly following the masterplan layout in the Bulimba District Neighbourhood Plan.

Shayher has experience delivering multi-stage developments in Brisbane. They've previously created the $1 billion mixed-use precinct, Brisbane Quarter on George Street. That features three towers, a mix of residential and commercial next door to Brisbane Square and behind Brisbane City Hall.

Development of the site is set to occur over the next five to 10 years, broadly following the masterplan layout in the Bulimba District Neighbourhood Plan.



First look exclusive: Shayher Group file for first stage of Bulimba Barracks

Brisbane's unit growth over April was so strong that it doubled the growth in its house market, which in itself was the third best performing capital city house market in the country.

CoreLogic's Home Value Index showed unit values in the Queensland capital jumped another 1.6 per cent, compared to the 0.8 per cent growth in houses.

It was a fourth straight month of one per cent plus gains in the unit market, which is now up 6.2 per cent over&nbsp;2024, the second best performing capital city unit market only behind Perth (8.2 per cent).

The median value for units in Brisbane has now risen over $600,000 for the first time and is closing the gap on Melbourne's median unit value ($613,000).

<h2>What happened in Brisbane's off the plan apartment market in April?</h2>

The biggest news in the off the plan apartment market in Brisbane came from the riverfront where the two-level penthouse atop <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>&nbsp;in&nbsp;<a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>&nbsp;sold for $14 million, setting a price per square metre record

The sale, to a local, reflected an internal price per sqm of over $45,000, bettering the former record at&nbsp;<a href="/new-apartments/moray-house-65-moray-street-new-farm">Moray House</a>&nbsp;by&nbsp;<a href="/developers/spyre-group">Spyre Group</a>&nbsp;in&nbsp;<a href="/new-apartments/new-farm-qld-4005">New Farm</a>, which set the record at $35,000 per sqm late last year.

The penthouse, with 311 sqm of internal living space, a 39 sqm balcony and a 333 sqm rooftop, is one of just seven apartments in the Hamilton Street development by&nbsp;<a href="/developers/trezetto-developments">Trezetto Development</a>.

[smartcode_project:default project_id=6206 project_image_fid=231550]

There was more news from the affluent riverside suburb in April with&nbsp;<a href="/news/qld/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast">Pikos Group</a>&nbsp;securing approval for their latest instalment of apartments in Kangaroo Point.

Having launched Skye Residences late last year, Pikos has been given the green light for&nbsp;Gaia, two 15-level buildings&nbsp;designed by&nbsp;<a href="/architects/dko-architecture">DKO Architecture</a> at&nbsp;<a href="/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point">108 Lambert Street</a>&nbsp;which will home 215 apartments and a full acre of inner-city parklands in the process.

<img alt="Pikos Group secures approval for Gaia Kangaroo Point apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Gaia_0.png?VersionId=4s4TxYvYiVdAXS.zvdzYcdPMrzQRA2z6" />

<a href="/news/qld/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast">Pikos Group</a>&nbsp;founder and Executive Director Pedro&nbsp;<a href="/developers/pikos-group">Pikos</a>&nbsp;said the vision for Gaia has been a decade in the making and follows the amalgamation of eight individual lots to create 5,284 sqm of pure river frontage.&nbsp;

Read more: <a href="/news/qld/pikos-group-secures-approval-for-gaia-kangaroo-point-apartments">Pikos Group secures approval for Gaia Kangaroo Point apartments</a>

Prominent developer Aria is making further moves in Kangaroo Point, securing the site next to their approved <a href="/new-apartments/canopy-house-by-aria-58-62-leopard-street-kangaroo-point">Canopy House</a> project which has allowed them to go back to the drawing board and make the project bigger.<img alt="First look: Aria bulk up Canopy House in Kangaroo Point by buying next door" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-16%20at%208.29.27%20pm.png?VersionId=EcbkV1.4aU3qa_g5kxyNXsrkqKpgJOuZ" />

They're trying to bulk up the development, now across 2,300 sqm at 50-62 Leopard Street, proposing to add a further four levels to the 29-level tower by <a href="/architects/rothelowman" target="">Rothelowman</a>. That will see it add a further 60 apartments, taking it from 136 units to 196.

Read more: <a href="/news/qld/first-look-aria-bulk-up-canopy-house-in-kangaroo-point-by-buying-next-door">First look: Aria bulk up Canopy House in Kangaroo Point by buying next door</a>

Brisbane townhouse developer <a href="/developers/tocu-properties">Tocu Properties</a> is too looking central with their first apartment tower.

They've looked to&nbsp;<a href="/developments/west-end-qld-4101">West End</a> where they've had&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>&nbsp;draw up plans for a seven-level apartment development on a six-lot amalgamation, one of the last remaining infill development sites.

<img alt="First look: Tocu Properties file West End apartment plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-08%20at%202.55.00%20pm.png?VersionId=kmmVDJLDjORu2KAAqTiHkM1FwIhGBEPp" />

The proposal is for 42 two and three-bedroom apartments, 30 of which will have an additional multi-purpose room.

Read more: <a href="/news/qld/first-look-tocu-properties-file-west-end-apartment-plans">First look: Tocu Properties file West End apartment plans</a>

The Gold Coast-based architecture firm&nbsp;<a href="/architects/contreras-earl-architecture">Contreras Earl Architecture</a>&nbsp;is continuing to add its striking design eye to Brisbane.

Having submitted&nbsp;<a href="/news/qld/first-look-architectural-apartments-set-for-st-lucia">plans for Vista in St Lucia late last year</a>&nbsp;for five striking apartments,&nbsp;Contreras Earl Architecture has put together a design for Victa's next project in the neighbouring&nbsp;<a href="/new-apartments/taringa-qld-4068">Taringa</a>.

The project, dubbed La Flor at 128-130 Swann Road will replace two single-level houses on 1,042 sqm.

<img alt="First look: Contreras Earl pen new Taringa apartment project, La Flor" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%208.32.15%20pm.png?VersionId=axXVW32r_DyNT1ZFLyGBSZCj1l6xzUZj" />

La Flor draws inspiration from nature, with its design metaphorically likened to the unfolding petals of a flower and translates into an architectural interplay between openness and enclosure.&nbsp;

The six-level building will have eight three-bedroom apartments and a four-bedroom penthouse with a private rooftop. The rest of the rooftop is reserved for resident amenities, comprising a resort-style pool, a sauna, extensive seating, barbecue spaces and sun lounges.

Read more: <a href="/news/qld/first-look-contreras-earl-pen-new-taringa-apartment-project-la-flor">First look: Contreras Earl pen new Taringa apartment project, La Flor</a>

Another interesting development application came in from the Melbourbe-based&nbsp;diversified investment group and property developer <a href="/developers/salter-brothers">Salter Brothers</a>.

Salter Brothers, who own and operate a handful of retreats across the Gold Coast and outer Brisbane through their Spicers Retreats brand which they acquired in late 2022, is seeking&nbsp;to demolish the Mercure Brisbane Garden City Hotel in&nbsp;<a href="/new-apartments/upper-mount-gravatt-qld-4122">Upper Mount Gravatt</a>&nbsp;and develop a new 17-level apartment building at 18 Macgregor Street.

<img alt="First look exclusive: Salter Brothers plot new Brisbane apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-23%20at%201.23.47%20pm_0.png?VersionId=LH.BweyVRU7hUcA4BfOYHT5O630PJLYQ" />

They've had&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>, who has worked more in Sydney and Melbourne since it was founded in the mid-1850s, create the plans for the mixed-use building that will have 101 apartments above a four-level podium. That will home a 90-space childcare centre and parking for 107 cars.

The debut project will rise on a 5,356 sqm site ideally located a five-minute walk from Garden City Westfield, one of Brisbane's largest shopping centres.

Read more: <a href="/news/qld/first-look-exclusive-salter-brothers-plot-new-brisbane-apartments">First look exclusive: Salter Brothers plot new Brisbane apartments</a>

The biggest news in the off the plan apartment market in Brisbane came from the riverfront where the two-level penthouse atop Sorano House in Kangaroo Point sold for a record $14 million

City Beat May 2024: Brisbane unit growth doubles houses in April

The owners of Labrador's&nbsp;Golden Shores Holiday Club have secured development approval to redevelop their Marine Parade resort.

They'll be creating a 25-level tower at&nbsp;<a href="/new-apartments/210-marine-parade-labrador">210 Marine Parade</a>&nbsp;that will home 85 apartments.

<img alt="First look: Golden Shores Holiday Club to become new apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202023-05-24%20at%208.57.10%20am.png?VersionId=NCdG1Wj0.OsZFiVweU4mPbsv1srIGhXT" />

The development will comprise 49 two-bedroom units, 14 of which will feature a multi-purpose room, and 35 three-bedroom apartments, offering frontage to the Broadwater and adjacent public open space.

A full-floor penthouse spanning 458 sqm with five bedrooms, each with an ensuite and walk-in wardrobe, is also part of the development plan.

<img alt="First look: Golden Shores Holiday Club to become new apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-24%20at%208.57.21%20am.png?VersionId=wZ255HCrEno_MVJwHFHQV59BuFLjC2S_" />

The approval aligns with the broader regional plan for the Gold Coast, which targets an annual supply of 4,010 new high-rise units aiming to address the ongoing demand-supply imbalance.

Designed by <a href="/architects/bda-architecture">BDA Architecture</a>, all apartments will have glimpses towards <a href="/developments/broadwater-qld-4380">Broadwater</a> because of the tower's slender form. The building fans out towards the rear, which allows even the apartments at the back of the building to take in water views.&nbsp;

<img alt="First look: Golden Shores Holiday Club to become new apartment tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-24%20at%208.57.39%20am.png?VersionId=omXg3cnQ8YSGmeJDZO1uNzEXFpArCU7b" />

On the roof will be a swimming pool and lounge areas with kitchenettes, while the 24th level will home a gym.

While primarily geared towards permanent residential occupancy, the development includes provisions for short-term accommodation so future apartment owners can rent their apartments as a holiday let.

While primarily geared towards permanent residential occupancy, the development includes provisions for short-term accommodation so future apartment owners can rent their apartments as a holiday let

Latest Queensland Property News

A decade in the making: KTQ launches Casilia at Kirra Point

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Queensland Property News

A decade in the making: KTQ launches Casilia at Kirra Point

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News