<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?

Award-winning developer <a href="/developers/kokoda-property">Kokoda Property</a> has been given the green light for its $1.5 billion Skyring Terrace project, the largest private development in Brisbane.

Located at 17-27 Skyring Terrace, <a href="/new-apartments/teneriffe-banks-17-27-skyring-terrace-teneriffe">Teneriffe Banks</a> will feature five distinct, slender buildings across 17,612 sqm which will become home to over 200 luxury residences, lofts and penthouses, and the first The Kimpton Hotels &amp; Restaurants. There will also be an expansive&nbsp;commercial offering including over 4,800 sqm of absolute waterfront dining and retail, and a redeveloped, purpose-built community centre.&nbsp;

Kokoda collaborated with partners <a href="/architects/carr-design">Carr</a>, <a href="/architects/cottee-parker-architects">Cottee Parker Architects</a> and <a href="/architects/urbis">Urbis</a>&nbsp;to create the precinct.

<img alt="Skyring Terrace" data-entity-type="file" data-entity-uuid="2dc0747c-65f5-4a76-8064-00fa1ec88f97" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kokoda%20Skyring%20Tce_View%2012_Intersection.jpg?VersionId=9mMXCudiRnokXjqXPLHIa.uaplpEurDE" />

The project’s architecture draws inspiration from Teneriffe’s iconic brick woolstores and structural remnants of the suburb's river industries and was designed with the subtropical Queensland climate in mind, maximising opportunities for outdoor and semi-outdoor active spaces.&nbsp;

Kokoda Property Founder and Managing Director Mark Stevens emphasised the importance of enhancing public accessibility to the Brisbane River as a key motivation for acquiring the Skyring Terrace site.&nbsp;

“Our vision for the project is to reignite the Brisbane riverfront for a new generation, with 9,331 sqm of the Skyring Terrace development dedicated to being open, lush green public spaces with sprawling laneways and a 220m riverwalk extension," Stevens says.

“With 53 per cent of the site being open, green and for public use, our vision sees this reconnection to the Brisbane River in a unique and creative way.

“What Kokoda Property and our project partners are creating is not just a global destination in Brisbane, we are breathing new life into a currently underserved yet highly coveted piece of land."

Kokoda says they will release more information on the project in the coming months.

[smartcode_project_cta:default project_id=139896]

Kokoda’s Skyring Terrace project gets the go-ahead, advancing Brisbane’s growth with the city’s largest private development. 

Kokoda Property’s $1.5 billion Teneriffe Banks project on Skyring Terrace receives approval

Palm Beach is in very much in vogue, and everyone's charging toward the beachfront.

While Sherpa and Ignite recently secured sites on the eastern side of the Gold Coast Highway, now 5Point, who is currently both developing and building Ophira just a few doors down, has more plans for the beachfront.

They've secured a prime 824 sqm site at 171-173 Jefferson Lane where they've submitted plans for Palm Shores, a nine-level building with 16 apartments.

<img alt="5Point" data-entity-type="file" data-entity-uuid="4bc4dda4-5bb4-47eb-91e9-4d96827914e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-07-01%20at%2011.15.59%E2%80%AFAM.png?VersionId=onVnq7rtwpYt8T93VQg45Avwb8jwWTvh" />

The proposed project by <a href="/architects/plus-architecture">Plus Architecture</a>&nbsp;will have three and four-bedroom apartments, a market 5Point has doubled-down on in the last 12 months. The apartments will sit above three levels of basement, enough parking for 40 cars.

Plus said in the documentation submitted to the Gold Coast City Council that "it's all about the view."

"Put simply, water + sand," Plus wrote.

They said the crafted curves create a visual story of the site and the connection to the sand. The facade will feature grooved concrete panelling and prefinished metal fins to create a striking exterior.

<img alt="​​​​Jefferson Lane podium" data-entity-type="file" data-entity-uuid="6bf9c26e-e83a-4692-9f53-7e87d9a43f99" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jefferson%20Lane%20Palm%20Beach%20podium.png?VersionId=mV3TvOeETK9ItCqKjZnu_HZtnVt1WcAg" />

The ground level of Palm Shores will home to two beach house-style units that will span two levels. Three-bedroom, half-floor apartments run from level three to the penthouses that start on level eight. They each have four bedrooms and their own private rooftop terraces with a swimming pool and outdoor dining area.

The apartments will range in size from around 156 sqm to 250 sqm, each featuring private open balconies off the living, kitchen, and dining areas, oriented towards the east to capitalise on oceanfront views.

The resident amenity will be on the ground level and include a pool, landscaping, deck areas, and day beds, oriented to receive sunlight throughout the year.

<img alt="171-173 Jefferson Lane cos" data-entity-type="file" data-entity-uuid="c74f492a-89ec-47c0-b228-7ef40f1cfcf3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jefferson%20Lane%20Palm%20Beach%20cos.png?VersionId=1Tn7gomBLJWw.WLo0Tk.foGD8pDau_fe" />

<a href="/landscape-architect/zone-landscape-architecture">Zone Landscape Architecture</a> has integrated planting elements within the built form, including a canopy tree as a key landscaping feature at the ground level.

The proposed development at Jefferson Lane is part of 5Point's broader strategy to contribute to the region's housing targets, as outlined in the ShapingSEQ 2023 plan, which emphasises the need for high-rise residential developments on the Gold Coast.

Recently Ignite swooped on a Palm Beach site that will bring a further 36 apartments to the in-demand market later this year.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development</a>

The proposed project by Plus Architecture will have three and four-bedroom apartments, a market 5Point has doubled-down on in the last 12 months



5Point go again in Palm Beach with Palm Shores apartment development

Luxury developer Fortis is mixing up their Newstead, Brisbane project.

Fortis, who operate across the luxury apartment and commercial markets in Sydney and Melbourne, had been tinkering with the <a href="/new-apartments/12-kyabra-street-newstead">Kyabra Street site</a> since they acquired it for $5.775 million in early 2022 when it came with approval for an 11-level timber officer tower.

In February they sought to change the design of the building to create something more inkeeping with local architecture.

But now those plans are likely to be moot, given the recently submitted plans for a bureau^proberts&nbsp;designed building with 65 apartments. The architecture firm suggested in the planning documents that the new proposal both better aligns with changing market conditions and the local architectural context.

<img alt="12 Kyabra Street, Newstead" data-entity-type="file" data-entity-uuid="d8d0336a-66ec-4ffc-b538-a313fbd73f9f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20front.png?VersionId=1IW.4oGgwYOjBzRp686rKN_q53eHH8Gk" />

"The iconic form is a contribution to the future skyline of Brisbane and responds to the changing identity of its inner-city suburbs,"&nbsp;<a href="/architects/bureauproberts">bureau^proberts</a>&nbsp;noted in their design statement.

"Situated in an ‘inner city sustainable growth precinct’, 12 Kyabra St’s contribution of an increase in housing is in line with the precinct planning laid out by the Brisbane City Council."

They said the tower is anchored by a solid brick and masonry podium, softened by lush planting.

"The materiality pays homage to the iconic brick warehouses that define Newstead’s identity. This historical reference anchors the development in its context and provides a sense of recognizable identity to the streetscape."

The new 22-level tower will now house a mix of 54 two-bedroom and 11 three-bedroom apartments.

<img alt="12 Kyabra Street, Newstead podium" data-entity-type="file" data-entity-uuid="b36e3fb2-1767-4ad9-b550-0dc4642082f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kyabra%20St%20podium.png?VersionId=UARmPNYtzZXkD1R23qrpeqY22anvZx3g" />

Vertical greenery and strategic screening will provide privacy while offering views of the city and river.&nbsp;

The building’s profile is slightly angled to capture long-term view lines to the CBD and allow filtered light into the apartments.&nbsp;Residents will also be provided with a rooftop and outdoor space with views of the CBD and the Brisbane River.

Fortis, the development arm of funds manager Pallas Capital, is currently developing its first Brisbane development, on the water at Kangaroo Point.

<a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a> features 14 full-floor apartments, each with 260 sqm of internal space, across a 14-level building on O'Connell Street.&nbsp;

In Melbourne they've been active too, <a href="/news/vic/fortis-launch-mixed-use-richmond-development-wiltshire-house">recently launching Wiltshire House in Richmond</a>.

First look exclusive: Fortis flick offices to apartments in Newstead 

Renowned Gold Coast construction firm Greyburn is making significant headway on the luxury Isle of Capri villa development, Capri.

Greyburn poured the initial concrete slabs for the villas this week, a major milestone in the build of the 48 villas that make up the 1.12-hectare gated community being delivered by&nbsp;<a href="/developers/monaco-property-group">Monaco Property Group</a>.

Over the next six weeks, work will focus on developing the internal roads and constructing the external walls of the villas which are part of the first&nbsp;major residential project on the <a href="/developments/isle-of-capri-qld-4217">Isle of Capri</a> in over 30 years.

[smartcode_project:default project_id=139511 project_image_fid=280882]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and <a href="/architects/bda-architecture">BDA Architecture</a>, Capri offers two and three-level villas centred around resort-style amenity including a pool with submerged lounge chairs, a sundeck, an outdoor dining terrace, a covered barbecue area, and a lounge equipped with a kitchen, bar, TV, lounge, and fireplace.

The gated community is strategically located, providing residents convenient access to Southport’s private schools, Broadbeach’s dining and entertainment precinct, Bundall’s commercial centre, and the HOTA arts precinct.&nbsp;

[smartcode_project:default project_id=139511 project_image_fid=213450]

It is also within 800 metres of the cafes, restaurants, and shops at Capri on Via Roma, including Harris Farm Markets.

Capri has proven particularly attractive to empty nesters, with most sales to date made to downsizers from nearby suburbs.&nbsp;

Construction of Capri is track for completion in late 2025.

[smartcode_project_cta:default project_id=139511]

mikah.m@urban.com.au

Construction advances at luxury Isle of Capri villas

Melbourne developer&nbsp;<a href="/developers/pask-group">Pask Group</a> will welcome off the plan apartment buyers to its luxury Palm Beach apartment development, Esplanade, in the coming weeks.

Esplanade was a hit with buyers during the pandemic, quickly selling out back in 2022.

Projeckt marketing company, NPA Projects, who sold the project on behalf of Pask Group, is completing its final pre-settlement inspections before handing over the keys to the homeowners.

"The building's been well handled by <a href="/builders/hutchinson-builders">Hutchinson's</a>," Andrew Erwin from NPA Projects said, adding that owners&nbsp;will receive their keys and move-in welcome packs on July 1.

&nbsp;

[smartcode_project:default project_id=107137 project_image_fid=182224]

Designed by <a href="/architects/plus-architecture">Plus Architecture</a> and set in landscaping by <a href="/landscape-architect/form">FORM Landscape Architect</a>, Esplanade features two dual-level Beach Houses, 12 apartments, and two penthouses, ranging from 220 sqm up to 446 sqm.

The split-level, four-bedroom Beach Houses start on ground level, each with its own private plunge pool and living spaces wrapped around a private courtyard. Each Beach House also features two open-plan kitchens, living and dining areas, and separate guest quarters located on the lower floor.

The three-bedroom apartments, which start from 220 sqm, run at two per floor to level eight, and every apartment will have a large ocean-facing balcony.

[smartcode_project:default project_id=107137 project_image_fid=182233]

On the ground level is the resident amenity, which includes a 20-metre lap pool with wet edge and sunken lounges, outdoor dining areas and barbecue space, as well as a gym – cultivating a resort-style living experience and a strong sense of community.

<a href="/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;has continued to be one of the hottest markets on the Gold Coast from the pandemic through to now. <a href="/news/qld/first-look-exclusive-ignite-projects-head-back-to-palm-beach-beachfront-with-latest-apartment-development">Ignite is heading back to the beachfront</a> having sold out <a href="/new-apartments/cabana-1-nineteenth-avenue-palm-beach">Cabana</a> at around the same time as Esplanade. They're planning a September launch for their new project on Jefferson Lane, 36 apartments designed by&nbsp;<a href="/architects/plus-architecture" target="">Plus Architecture</a>.

Sherpa has eyes on another project having acquired <a href="/news/qld/sherpa-secure-three-new-palm-beach-sites-for-next-gold-coast-apartment-development">three adjoining sites at 8-12 Sixth Avenue for its next project</a>, while they continue building <a href="/new-apartments/perspective-nexus">Perspective Nexus</a>, also in Palm Beach.

[smartcode_project_cta:default project_id=107137]

Buyers to move into Pask's The Esplanade, Palm Beach apartments

The under-construction Chevron One will be the only opportunity buyers have of living in a true high-rise tower on the small Chevron Island.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, developed by the Melbourne-based developer Bensons and being delivered by construction partner ICON, will be the only skyscraper Chevron Island will ever see.

Strict height limits of 33 metres enforced shortly after the 2019 approval of the 41-level tower by Marchese Partners means Chevron One, which will top out at 127 metres, will be the tallest tower to ever be built in the small village-style suburb.

[smartcode_project:default project_id=6515 project_image_fid=215811]

<a href="/builders/icon">ICON</a>&nbsp;recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after.

<a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>&nbsp;comprises 228 one, two, and three-bedroom apartments, designed with open-plan living areas and kitchens designed by renowned chef Shannon Bennett.&nbsp;

Residents will have access to nearly 2000 sqm of resort-style amenities, including a private outdoor lagoon pool with a floating cinema, sculptured gardens, an indoor/outdoor beach, a lap pool, a spa and sauna, exclusive dining facilities, a resident’s lounge with barbecue facilities, a gymnasium, and a yoga and Pilates room.

[smartcode_project:default project_id=6515 project_image_fid=68841]

The popularity of Chevron Island has soared in recent years.

The boom has been reflected in enquiry data collected by MatterFact, the data product from&nbsp;<a href="/" target="">Apartments.com.au</a>. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Read more:&nbsp;<a href="/news/qld/from-sleepy-village-to-the-cultural-hub-of-surfers-paradise-inside-the-growth-of-chevron-island">From sleepy village to the cultural hub of Surfers Paradise: Inside the growth of Chevron Island</a>

[smartcode_project_cta:default project_id=6515]

ICON recently commenced pouring on level five, and is expected to complete the build in late 2025, with off the plan buyers moving in shortly after

Chevron One: Live in Chevron Island's only skyscraper

There's not too much more opportunity to develop in Rainbow Bay.

The popular area in <a href="/developments/coolangatta-qld-4225">Coolangatta</a>, named after the beach facing the famous surf break, has gone through a transformation in the last few years, with low-rise, 1960s buildings making way for new luxury apartment projects by several notable developers.

But Newmil Developments, run by Chris Newman and Mark Milton, has carved out 546 sqm on Eden Avenue, one row back from the beach, where they're planning a luxury owner-occupier building.

They've had Stuart Osman Building Design put the plans together for <a href="/new-apartments/dayana-on-eden-coolangatta-41-eden-avenue-coolangatta-qld-4225">Dayana on Eden</a>, just eight full-floor apartments across a nine-level, code-assessable building.

The six three-bedroom apartments offer around 220 sqm of internal living space, while the sole two-bedroom unit, on the ground-level, has 140 sqm and sits next to the communal resident pool.

The penthouse sprawls across two levels and has four bedrooms and a private rooftop terrace with a swimming pool.

<img alt="Coolie" data-entity-type="file" data-entity-uuid="dca3c82d-8c58-4f1e-b313-f0a6a89c4cca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.03.16%E2%80%AFPM.png?VersionId=7GrCOnggwWX2.NP7mWQWQFsDeDzRZPEC" />

The Town Planning Report by HPC sugested the&nbsp;proposal delivers a high-quality residential development, that is responsive to its context and enhances the character of Rainbow Bay.

"The development optimises the site location in proximity to a range of community and social infrastructure and introduces a high-quality urban infill development which increases housing stock in the locality.

"The design compliments the subtropical, coastal nature of the area with design and serves to contribute to the built vernacular of the Coolangatta area."

<img alt="Coolangatta" data-entity-type="file" data-entity-uuid="fd75de69-03d5-4fcc-a413-4d72ca0a76a3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%203.02.50%E2%80%AFPM.png?VersionId=vrarNbraHZCzgHTSAVUgdUP5DKM_6cH9" />

The building will place a two-level, three-unit brick walk up that had been in the same family since 1980 when it cost $125,000.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel <a href="/news/qld/first-look-exclusive-abedian-family-completely-redesign-greenmount-beach-hotel-redevelopment-in-coolangatta">into a two-tower project designed by 111 Studio</a>.

Eden Ave is just one row back from Marine Parade, where architect turned developer Joe Adsett is creating&nbsp;<a href="/new-apartments/rockpool-rainbow-bay-154-156-marine-parade-coolangatta">Rockpool Rainbow Bay</a>.

Eden Avenue is where Arium, the new development company of Sunland founders the Abedian's, is planning to turn the Greenmount Beach Hotel into a two-tower project designed by 111 Studio

First look: New full-floor apartments pitched for Rainbow Bay

In Australia, capital city markets typically quieten down over winter as developers, agents, and prospective buyers gear up for the spring and summer selling seasons.

That's not the case in the Gold Coast however. In fact, it's the complete opposite.

Especially since the pandemic, the Gold Coast garners national attention during the colder months, more so than the entire year, except perhaps for the Christmas holiday season in December and January.

Developers are acutely aware of the limited apartment supply on the Gold Coast and are poised to bring apartments to market as soon as they can.

We've compiled a list of the top apartment developments to watch for in the second half of 2024

<h2>Who: Siera Group</h2>

<h2>Where:&nbsp;8 Enderley Avenue, Surfers Paradise QLD 4217</h2>

<h2>What: 54 two and three-bedroom apartments</h2>

Burgeoning apartment developer Siera Group will launch its third local apartment development since breaking onto the Gold Coast development scene in 2021 with their debut project Tapestry.

Siera Group, led by founder and managing director Brent Thompson, is gearing up the launch of its <a href="/new-apartments/exhale-surfers-paradise">Enderley Avenue project</a>, just off Northcliffe Beach. The approved project designed by <a href="/architects/bda-architecture">BDA Architecture</a> will comprise 54 apartments across a 25-level building, a maximum of three apartments per floor.

[smartcode_project:default project_id=112661 project_image_fid=283645]

There will be two levels of amenity, with the lower level hosting a communal mezzanine with a spa, gym and sauna, and the upper level with a lap pool with pool deck, barbecue alfresco space, a private dining area with a bar and cellar room, a games room, and a space with work from home facilities.

Thompson believes the majority of buyers at Enderley will be local downsizers.

"We want to really elevate the liveability factors of an apartment for a downsizer, and we think, on top of larger sized apartments with good design, we can do that with extensive amenity," Thompon says.

<h2>Who:&nbsp;Aniko Group</h2>

<h2>Where:&nbsp;14 Seaview Avenue, Mermaid Beach QLD 4218</h2>

<h2>What: The Landmark - 821 one, two, three and four-bedroom apartments across four towers</h2>

The much anticipated $2 billion, four-tower Mermaid Beach precinct by&nbsp;<a href="/developers/aniko-group">Aniko Group</a> is expected to be available to buy into this year.

The precinct-style development, dubbed&nbsp;<a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, will spread across a prime 1.1-hectare site&nbsp;on the corner of the Gold Coast Highway and Seaview Avenue. It will comprise residential, hotel, retail, hospitality, and commercial spaces, as well as significant amenities for future residents.

<img alt="Aniko Group plot launch of four-tower Mermaid Beach development The Landmark after council approval" 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%202023-12-21%20at%208.52.38%20am.png?VersionId=LH3TYGiiRfDZ_P4X1joSmzWrL82.4xhs" />

The Landmark, designed by Plus Architecture, will deliver a collection of 821 apartments, over 10,000 sqm of A-grade commercial office and medical space and a vibrant new casual fine dining and beverage precinct on the ground floor.

<a href="/developers/aniko-group" target="">Aniko</a>’s vision for&nbsp;The Landmark&nbsp;is to create a new lifestyle and tourism heart for&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;that will leverage its prime location as the southern gateway to the heart of the Gold Coast’s bustling central beachside suburbs.

<a href="/developers/aniko-group">Aniko Group</a>&nbsp;Managing Director&nbsp;George Mastrocostas said The Landmark&nbsp;will have every conceivable amenity on site for residents, hotel guests and office tenants while being just a short walk to everything that&nbsp;<a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>&nbsp;and nearby&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>&nbsp;have to offer.

“Residents will have access to facilities they are more likely to find in a holiday resort while hotel guests will have ready access to everything the Coast has to offer from the beach to shopping and theme parks.”

<h2>&nbsp;Who: Macquarie York</h2>

<h2>Where:&nbsp;50 Sunset Boulevarde, Surfers Paradise QLD 4217</h2>

<h2>What:&nbsp;42 two and three-bedroom apartments</h2>

Roy Skaf's <a href="/developers/macquarie-york">Macquarie York</a> will launch its Sunset Boulevarde tower later this year, having secured approval for the riverfront building in April.

The 17-level tower at 50 Sunset Boulevarde, a 1,057 sqm riverfront block on the Nerang River facing <a href="/developments/chevron-island-qld-4217">Chevron Island</a>'s Home of The Arts building, will home 42 two and three-bedroom apartments, as well as a three-level, four-bedroom penthouse.

<img alt="Macquarie York secure approval for new Surfers Paradise 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/50%20Sunset%20Bvd%20Surfers%20Paradise.jpg?VersionId=AtiCmJhE3qMpYlsaNO7Zgpi4uhAhzJHJ" />

Each floor up to level 15 will accommodate just three apartments, varying in size from 96 sqm to 129 sqm.&nbsp;

Among the amenities planned for residents is a dedicated recreation level on the second floor boasting a swimming pool, lounge area, BBQ space, gym, sauna, steam room, and work-from-home office space complete with desks and a boardroom.&nbsp;

<h2>Who:&nbsp;Amalgamated Property Group</h2>

<h2>Where:&nbsp;42-46 Chelsea Avenue, Broadbeach QLD 4218</h2>

<h2>What:&nbsp;Affinity Broadbeach - 185 two and three-bedroom apartments</h2>

The Canberra-based apartment developer <a href="/developers/amalgamated-property-group">Amalgamated Property Group</a> is looking to launch its second Broadbeach apartment development.

Currently building Amaya on First Avenue, APG has its sites set on revealing its next tower, <a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a>.

The 1,820 sqm Chelsea Avenue site, just 700 metres from&nbsp;Nikiforides Park was bought from Raptis with approval for a 41-level Archidiom-designed tower with 180 apartments.

APG has tweaked the plans, bringing in DBI to change the product mix, instead now offering 148 two-beds and 37 three-bed apartments, a total of 185 apartments.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

<h2>Who:&nbsp;Pyco</h2>

<h2>Where:&nbsp;10 Churchill Street, Coolangatta QLD 4225</h2>

<h2>What:&nbsp;Kirra Beach Residences - 97 two and three-bedroom apartments</h2>

The Brisbane-focussed developer&nbsp;<a href="/developers/pyco-group">Pyco</a>, is breaking into the Gold Coast with its maiden apartment development, Kirra Beach Residences.

Pyco Founder Lachlan Cottee says the project, 97 apartments across a 14-level building just one row back from Kirra Beach, will launch later this year. The owner-occupier development, made up of 79 three-beds and 18 two-beds, is set to be incredibly popular in an area that has been starved of supply.

<img alt="First look exclusive: Coolangatta's newest apartment tower plans revealed" 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%202024-01-19%20at%2012.10.00%20pm.png?VersionId=dCEUdKyBg9TUoWj3pxsC_2vFf713_bmn" />

The three-bedroom apartment sizes start from 113 sqm.

The resident amenity on the ground floor, set back from the street and elevated, includes a swimming pool, gym, sauna, resident work from home office space, and a media room.

Pyco has amalgamated four sites,&nbsp;10 and 12 Churchill Street, 17 Miles Street and 51 Winston Street, to create the 2,044 sqm site for the project.

Architecture firm DAHA said in their design statement submitted with the application to the Gold Coast City Council that their approach creates a space that complements the natural beauty of the Gold Coast landscape whilst elevating the experience of beachside living.

<h2>Who: Ignite Projects</h2>

<h2>Where: 1177 Jefferson Lane, Palm Beach</h2>

<h2>What: 36 two and three-bedroom apartments</h2>

Ignite Projects will be ready to launch its latest <a href="/developments/palm-beach-qld-4221">Palm Beach</a> beachfront development in the coming months, having recently acquired a prime 1,600 sqm site and submitted a code-assessable development application for a new nine-level apartment building on the Jefferson Lane dress circle.

Ignite, led by Josh Foote, is seeking to create 36 high-end apartments, akin to Cabana Palm Beach, Ignite's last Palm Beach project.

There will be four two-bedroom apartments and 32 three-beds, 31 of which have an additional multi-purpose room.

<img alt="First look exclusive: Ignite Projects head back to Palm Beach beachfront with latest apartment development" 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%202024-06-20%20at%207.26.44%E2%80%AFPM.png?VersionId=CZuDywsZQrYWUhs0AQCDq0wZEmtuoWxr" />

"Cabana was so well received, it would have been silly to not take the opportunity to recreate something similar when we know that market so well," Josh Foote said.

"We've had Plus come in and create a facade that is something fresh and challenges convention a little compared to what's come before in the area."

Ignite is bringing construction in-house for the project, with construction commencement expected in early 2025.

The Gold Coast's hottest apartment developments set to launch in H2 2024

An architecturally pleasing apartment building looks set for Southport's centre.

Plans have been filed by Option Group, the funds manager and property development firm run by the Sydney-based Paul Hanna, for a 10-level apartment development on a 1,416 sqm site at 44-46 Eugaree Street, a stone's throw from the centre of the Gold Coast suburb.

<a href="/architects/ferro-chow-architects">Ferro Chow Architecture</a>&nbsp;has designed the striking tower that will home 68 one, two and three-bedroom apartments.

<img alt="Ferro" data-entity-type="file" data-entity-uuid="fe523977-4cc1-49ce-86d7-7880174fbcd3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.04.56%E2%80%AFPM.png?VersionId=vlYGVCgXUE5ECWHw93sxUPoh_9gZ5Kj1" />

The architecture of the building incorporates a high degree of articulation with recesses, curves, and a variety of materials and colours to achieve a visually appealing appearance that aims to integrate with the architectural character of Southport.

Ferro Chow said the design philosopohy of the project revolves around the concepts of modernity, timelessness, and elegance, with a strong emphasis on minimalism.

"The primary purpose of this project is to provide a contemporary living space that caters to the evolving needs of residents while seamlessly blending with the urban landscape and functional design, offering a high standard of living for its residents," the design statement by Ferro Chow Architects read.

"The design style of the apartment building is rooted in modern, timeless, and elegant architecture. The minimalist approach ensures a clean and uncluttered aesthetic, fostering a sense of tranquillity within the living spaces."

They said the building's facade is a standout feature, with a wavy design inspired by the natural elements of sand, timber and rocks.

"This design element not only provides visual interest but also breaks up the building’s mass, creating a dynamic and inviting appearance, and connecting it to the surrounding environment."

<img alt="Ferro" data-entity-type="file" data-entity-uuid="42478780-fa20-4760-91d8-5f53797a7e96" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.01.59%E2%80%AFPM.png?VersionId=St.wGWSM9XI7rtaHMaA2_8.q8nIjGNnq" />

Each level of the building will home eight apartments. The 68 units are split into&nbsp;25 one-bedrooms, 39 two-bedroom, and four three-bedrooms.

The apartments extend to private balconies, accessible from the living and dining areas.

Residents will have access to communal facilities, including a pool, BBQ area, sauna, gym, and a function room, while the&nbsp;ground floor will also offer landscaped open spaces.

<img alt="southport" data-entity-type="file" data-entity-uuid="8e272400-9ffe-443c-9530-22554f336c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-24%20at%2012.04.37%E2%80%AFPM.png?VersionId=b3MJgbW9ox3WEP598sJ8.5LdZndXZp.u" />

The Eugaree development will be located near Ellis Family Park, K Town Shopping Centre, various schools, and public transport options, including bus stops and the Nerang Street light rail station.

New off the plan apartment developments in <a href="/new-apartments/southport-qld-4215">Southport</a> have been few and far between. Apart from the $1 billion Imperial Square developmebt by Robert Badalotti's Azzura, the only new development in recent times has been <a href="/new-apartments/eden-garden-residences-20-bauer-street-southport">Eden Garden Residences</a>, the 54-apartment project that launched in late 2023.

New apartments planned for Southport

Before the onset of COVID-19, Chevron Island's newest apartment development would have been at least two decades old.

Fast forward four years, and some reputable apartment developers later, the small island just a bridge away from Surfers Paradise, is absolutely booming.

The island broke headlines in 2017 when Melbourne-based developer Bensons Property announced it was going to develop Chevron One, a 40-level tower on Stanhill Drive. The under-construction tower will be the only skyscraper on the island, following a change in planning laws shortly after the approval.

[smartcode_project:default project_id=6515 project_image_fid=167320]

But the island didn't truly boom until a few years later, around the opening of the Home of The Arts (HOTA) Gallery, located just across the green bridge from Chevron Island and the cultural hub of the Gold Coast. With the new gallery came&nbsp;The Exhibitionist Bar on the Gallery Rooftop, Palette Restaurant, and a new HOTA Shop.

Further investment by the Gold Coast City Council will bring a new&nbsp;1800-seat lyric theatre to the precinct, as well as a refurbishment of the current 800-seat theatre.

Apartment developers took note of the activity on the island and the surrounding area, and buyers have responded in a big way.

Brent Thompson's Siera Group made <a href="/developments/chevron-island-qld-4217">Chevron Island</a> home for their first <a href="/new-apartments/gold-coast-qld">Gold Coast</a> apartment development.

Thompson, who had been scoping out the Gold Coast market for 18 months before purchasing a prime 1500 sqm site on Darrambal Street, had a string of boutique townhouse and apartment developments in Brisbane's inner-ring suburbs to his name before moving Siera south.

"We have always built in-house, so it was really more about building a team of experienced high-rise staff to deliver Tapestry as we always have as builder/ developer," Thompson says.

On submitting plans for Tapestry in 2021, Thompson said <a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;has a "great local community".

"It's a tight-knit community, while being ideally located just a five-minute walk from the international tourist hub of Surfers Paradise."

Thompson kept everything local when he submitted plans for Tapestry, a 22-level arts-inspired apartmet project designed to be in keeping with&nbsp;Chevron Island’s growing standing at the cultural arts hub of the Gold Coast. He had the local BDA Architecture team undertake the design, while also commissioning a piece from local artist Tania Blanchard that will hang in the lobby when the building is completed.

Tapestry will home 113 two and three-bedroom apartments with an impressive rooftop comprising a swimming pool, barbecue and alfresco space, a private dining room with a terrace and fire pit, an edible garden, a private gym with a sauna and steam room and landscaped gardens.

[smartcode_project:default project_id=108641 project_image_fid=192964]

“After all the research and understanding&nbsp;<a href="/developments/chevron-island-qld-4217">Chevron Island</a>&nbsp;as a whole, it really felt like it was the perfect place to deliver a project like&nbsp;<a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island" target="">Tapestry</a>, where we’ve created this phenomenal amount of amenity and beautiful residences that locals will be able to move into and downsize," Thompson said.

Siera Group recently brought construction in-house and kicked off the build at Tapestry, which is expected to complete in late 2025.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Another reputable builder developer on the island is Aniko Group, who has a strong track record of delivering qualiy on a Gold Coast island before. They've previously developed over $400 million worth of apartments and townhouses on Hope Island.

Aniko's construction arm will be completing their Chevron Island apartment development, Orama, in late 2025. A similarly impressive rooftop to Tapestry, Orama will have 102 two and three-bedroom apartments designed by Plus Architecture. The project is currently over 80 per cent sold.

[smartcode_project:default project_id=111898 project_image_fid=240584]

When Aniko secured the Weemala Street site, Aniko Founder George Mastocrastas said they wanted to create something that was "in keeping with the community fabric of the island suburb."

“Chevron is just a short walk to Surfers Paradise, the beach, the Gold Coast’s cultural heart and all the amenities the central Gold Coast has to offer. It’s both laid back and sophisticated at the same time."

[smartcode_project:default project_id=111898 project_image_fid=209597]

Another local developer Sherpa Property Group, also recently launched Perspective Helm, the most boutique apartment development on the island.

The waterfront building on Stanhill Drive comprises just 10 three and four-bedroom residences, a mix of apartments and villas, that start from $4 million. Some of the residences have their own private marina berth.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Apartments.com.au. The data shows that the average price per square metre has skyrocketed over the last three years, increasing between 35 to 50 percent in most cases.

In 2022, the average price per square metre for two-bedroom apartments was $8,200. This figure jumped to $9,900 in 2023 and currently sits closer to $11,000 in 2024.

Three-bedroom apartments saw a similar increase, rising from $8,900 in 2022 to $11,200 in 2023, and further to $13,200 in 2024.

Chevron Island's boom has been reflected in enquiry data collected by MatterFact, the data product from Urban.com.au

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