Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.

In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.

Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.

Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.

At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.

[smartcode_project:default project_id=135149 project_image_fid=368392]

Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.

Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.

The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.

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“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.

“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.

Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.

SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.

“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.

“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”

Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.

That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.

One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.

“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.

“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”

For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.

“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”

Her terrace also supports a more connected, lifestyle-driven way of living.

“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”

Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.

Joel Robinson

Coronation champions terraces as a key piece of Sydney’s housing mix

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>.

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

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

The Gold Coast off the plan apartment market is expected to run similarly to how it went in 2023.

Supply is still expected to be the biggest challenge, while demand is anticipated to continue to be strong, considerably strong enough to outstrip supply.

There is confidence there will be new supply however, with developers getting to a point where they think they can manage the now stable build costs, given the price of apartments is now higher.

Last year the Gold Coast was the best performing unit market in Queensland outside of Brisbane, according to property data analytics firm CoreLogic. The unit market rose 10.8 per cent over 2023, to a new median $727,000.

CoreLogic's latest Hedonic Home Value Index reported another 0.6 per cent gain in the Gold Coast unit market in January.

Unit demand showed strength the deeper into 2023. Urbis reported <a href="/news/qld/gold-coast-apartment-sales-jump-in-q3-2023-urbis">sales jumped in Q3 2023</a>, from 200 in Q2 to 470 in Q3.

Urbis Director Paul Riga said&nbsp;the majority of sales were centred around the traditional apartment precincts of&nbsp;<a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>,&nbsp;<a href="/developments/broadbeach-qld-4218">Broadbeach</a>&nbsp;and&nbsp;<a href="/developments/main-beach-qld-4217">Main Beach</a>&nbsp;– while the remainder of sales along the&nbsp;<a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;were limited due to a lack of new projects.

Jack Leamon, Transactions and Development Associate at burgeoning Gold Coast development firm <a href="/developers/siera">SIERA</a> who is currently in the construction phase of their <a href="/new-apartments/chevron-island-qld-4217">Chevron Island apartment development</a> <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> and their luxury <a href="/new-apartments/bilinga-qld-4225">Bilinga</a> beachfront project <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>, says the broader&nbsp;<a href="/new-apartments/gold-coast-qld">Gold Coast region</a> has gone from strength to strength in recent years, buoyed by the maturing economy and growth in the property market.

"Facing a surge in demand from all of local, interstate, and international buyers has further amplified the diminishing supply of available properties in the market, as many projects face uncertainty or delays," Leamon says.

"This trend was a key feature of 2023 and while it shows little sign of letting up in 2024."

Late last year SIERA brought construction in house to start the build at Tapestry, while simultaneously kicking off construction with LPS Group at Pipis in a sign of confidence to both those who have already purchased as well as prospective buyers.

[smartcode_project:default project_id=138311 project_image_fid=217334]

Pipis sits right on the Bilinga beachfront on Golden Four Drive and comprises just 17 luxury apartments across an 11-level building, a building height which is unlikely to be replicated on the beachfront.

The project, designed by Ellivo Architects, features luxury resident amenity in the form of a 15-metre heated lap pool and sun lounge deck area, a fully equipped gym with rowing, biking and reformer Pilates, and an outdoor rain head shower and a dog wash.

Read more:&nbsp;<a href="/news/qld/an-opportunity-not-to-be-missed-why-siera-property-group-couldnt-say-no-to-pipis-bilinga">"An opportunity not to be missed" Why Siera Property Group couldn't say no to Pipis Bilinga</a>

pipi[smartcode_project:default project_id=138311 project_image_fid=217340]

Tapestry is SIERA's debut Gold Coast apartment development, following a decade of developing boutique townhouse projects in Brisbane's inner-ring.

The 22-storey sculptural tower has been designed by local architecture firm BDA as a ‘cultural continuation’ of the neighbouring HOTA precinct.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Tapestry’s rooftop delivers more than 700 sqm of separate recreation zones for residents to relax, connect and engage in the elevated landscape. It includes a private dining space and kitchen, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

[smartcode_project:default project_id=108641 project_image_fid=192963]

Morris Property Group is also reporting a strong start to the year, despite the wet weather across South East Queensland.

Morris Property Group's COO and construction director James Morris said that while the wet weather&nbsp;deterred in person appointments, particularly those who were intending on travelling from interstate, however online enquiry was as strong, if not stronger than ever.

"Now we're working our way through that enquiry which is turning into appointments now the wet weather has passed," Morris said.

[smartcode_project:default project_id=112024 project_image_fid=241132]

"There’s good sentiment in the market on the Gold Coast, and we can supply further confidence being a builder developer which are two words buyers want to be reading.

"Good projects in good locations will do well in 2024," Morris added.

"There needs to be great amenity not only in the building, but in the immediate area. That’s what we’ve seen in our two under construction projects in Broadbeach, which provide both quality owner-occupier product in an area arguably unmatched in the Gold Coast."

Morris <a href="/news/qld/morris-property-group-taps-into-owner-occupier-market-with-crest-broadbeach-apartments">recently launched Crest</a>, their <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">40-level tower on the sought-after Armrick Avenue</a>, fronting the Broadbeach Bowls Club.

<a href="/news/qld/morris-property-group-taps-into-owner-occupier-market-with-crest-broadbeach-apartments">Why Crest Broadbeach sits in one of the Gold Coast's best pockets</a>

Crest comprises 184 two and three-bedroom apartments designed by&nbsp;Guida Moseley Brown. A maximum of five apartments per floor, Crest also features extensive amenity on top of the building’s podium on level two. Wrapped with terraces with seating and dining areas, this space features a pool, gym, lounge area and a communal barbecue area.&nbsp;

[smartcode_project:default project_id=112024 project_image_fid=241133]

Heading into 2024 having done a lot of heavy lifting in 2023 is Immerse Projects, who has just launched its latest residential development and will launch another approved project later in the year.

The newest project, <a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">Ombre Robina</a>,&nbsp;will offer one, two and three-bedroom apartments designed by BDA Architecture at&nbsp;<a href="/new-apartments/ombre-robina-46-scottsdale-drive-robina">46 Scottsdale Drive</a>, ideally located a stone's throw from the <a href="/new-apartments/robina-qld-4226">Robina</a> Town Centre.

[smartcode_project:default project_id=143341 project_image_fid=251415]

<a href="/developers/immerse-projects">Immerse Projects</a> Founder and Managing Director Jon Kearny says he has great confidence in the SEQ property market, from which he's seen in both his current projects for Immerse and his building contractors for his longtime construction firm Greyburn.

"I have great confidence in the SEQ property market underpinned by strong interstate migration for both lifestyle and job opportunities," Kearney says.

"I envisage further growth in Kirra, where we’re building Rhythm Kirra Hill and where we have another project coming later this year.

"Any new projects need to reset to higher prices to cover the increased cost of delivery."

[smartcode_project:default project_id=143341 project_image_fid=251416]

Kearney says he's seen a spread of demographics across his projects, with the age of buyers ranging from 30 through the mid-70s.

Locals have shown considerable interest at Ombre in the pre-launch phase. Kearney says that's come from locals who are wanting to live in a next generation modern building and those who are looking to downsize.

City Beat February 2024: How the Gold Coast off the plan apartment market is shaping up in 2024

Queensland boutique property developer Spyre Group&nbsp;has sold half the units of its luxury New Farm apartment development Moray House, including a record-breaking penthouse sale.

<a href="/new-apartments/moray-house-65-moray-street-new-farm">Moray House</a> comprises a total of only six full-floor, four-bedroom apartments with uninterrupted views of the Story Bridge, <a href="/new-apartments/brisbane-qld">Brisbane</a> CBD, <a href="/new-apartments/kangaroo-point-qld-4169">Kangaroo Point</a> and <a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a>.&nbsp;Prices start from $9 million.

“The starting price of $9 million owed itself to the development’s exceptional location and craftsmanship,” <a href="/developers/spyre-group">Spyre Group</a> Director Andrew Malouf said.

[smartcode_project:default project_id=105057 project_image_fid=209775]

Designed by <a href="/architects/bureauproberts">bureau^proberts</a>, Moray House's exterior design communes with the surrounding Jacaranda trees, creating an atmosphere described as “akin to living in a tree house’’. Distinguished by full floor-length garden beds, the exterior transitions in hues with the changing seasons, amplifying its organic connection to nature.

Moray House offers Brisbane's largest full-floor residences, boasting expansive living spaces of up to 459 sqm and approximately 27 metres of direct river-frontage.&nbsp;

The interiors are appointed with the highest quality finishes, including Chambord stone, European Oak Herringbone floors, bespoke timber joinery, Italian natural stone, &nbsp;and custom lighting by James Walsh and SOKTAS.

[smartcode_project:default project_id=105057 project_image_fid=209770]

Residents will enjoy indoor-outdoor living via open-plan living areas leading out to spacious covered terraces overlooking the Story Bridge, perfect for entertaining or simply soaking in the breathtaking views.&nbsp;

The kitchen features a sculptural natural stone island bench as a centrepiece and is well-appointed with premium appliances by WOLF, Liebherr, and VZUG.

The master suite occupies over 50 sqm with a custom walk-in wardrobe and an ensuite with Brisbane’s city skyline as its backdrop.

“Each apartment can be individually curated for the new owners with custom components that allow their homes to truly classify as ‘one of one’," Malouf added. Custom options include a sky garage, wellness room, gym, media room, his and hers study, and a wine cellar.

[smartcode_project:default project_id=105057 project_image_fid=209774]

There will be two apartments with the sky garage feature. The residents of the apartments will be able to pull in off Moray Street, enter a remote-controlled car lift, and drive into their garage in their apartments above the Brisbane River.

“The sky garage will appeal to luxury vehicle enthusiasts who want privacy as well as the additional security of garaging their car in their apartment rather than using regular basement parking,’’ Malouf added.

Situated at 65 Moray Street, Moray House offers direct access to the <a href="/developments/new-farm-qld-4005">New Farm</a> Riverwalk and Brisbane's best metropolitan amenities right at its doorstep.

Construction is already underway, with Spyre Group calling on&nbsp;<a href="/builders/contrast-constructions">Contrast Constructions</a> to handle the build. Moray House is expected to complete in 2025.

[smartcode_project_cta:default project_id=105057]

Construction is already underway, with Spyre Group calling on Contrast Constructions to handle the build. Moray House is expected to complete in 2025.

Spyre Group Moray House in New Farm 50% sold as construction continues

Sydney-based private real estate developer <a href="/developers/trezetto-developments">Trezetto Developments</a> has already secured 60 per cent of sales at its boutique, luxury Kangaroo Point apartment development, Sorano House.

&nbsp;

<a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a> comprises just seven full-floor apartments with never-built views of the Brisbane City skyline, the Story Bridge, and the Brisbane River.

Designed by <a href="/architects/ferro-chow-architects">Ferro Chow Architecture</a>, Sorano House drew inspiration from the natural surroundings of <a href="/new-apartments/kangaroo-point-qld-4169">Kangaroo Point</a> and the Brisbane River.

[smartcode_project:default project_id=6206 project_image_fid=231564]

Each full-floor apartment spans 350 sqm and offers a a 35-metre frontage that captures uninterrupted 180-degree views of the city skyline and river below.&nbsp;

With direct lift access, the private lift lobby sets the tone with a Roman travertine-clad entry statement leading into the living area, featuring wide plank oak flooring, marble-topped joinery, and a custom fireplace.

The kitchens, the heart of every home, feature rich timber cabinetry, 100mm marble benchtops, a concealed butler’s pantry, a grand 5.5-metre island bench and Wolf, Sub Zero, and V-Zug appliances.&nbsp;

[smartcode_project:default project_id=6206 project_image_fid=231551]

Wool loop pile carpets grace the flooring of the master bedroom which comprises a his and hers dressing rooms finished in fluted glass and timber cabinetry, and a custom corner fireplace. The master also incorporates the uninterrupted river and city views.

Residents at Sorano House will enjoy various amenities such as a resident’s gym, Himalayan salt sauna, swimming pool, and a private dining room with an accompanying wine store.

&nbsp;

[smartcode_project:default project_id=6206 project_image_fid=231562]

Strategically located at 8-12 Hamilton Street in a quiet riverside cul-de-sac, Sorano House provides easy access to <a href="/new-apartments/brisbane-qld">Brisbane</a> CBD via the new Kangaroo Point Green Bridge.&nbsp;

Currently under construction with <a href="/builders/rocking-horse-constructions">Rocking Horse Constructions</a>, Sorano House is scheduled for completion in the first quarter of 2025.

The apartments have been snapped up by downsizers from&nbsp;Brisbane&nbsp;and the Sunshine Coast.

[smartcode_project:default project_id=6206 project_image_fid=231560]

YPM Group Projects Director Phillip Rand says the successful start to the campaign has been underpinned by the decision to start construction before&nbsp;launching to market.

"Buyers at this end of the market want to have full confidence in the delivery of the project&nbsp;before they commit, and the biggest confidence driver&nbsp;in the current climate&nbsp;is construction&nbsp;certainty," Rand says.

"Our Sorano House buyers have been drawn to both the rarity and exceedingly high quality of the project as well as the development around it.&nbsp;The Kangaroo Point Green bridge is less than 100m away, connecting you with&nbsp;Brisbane's City&nbsp;and the new Waterfront&nbsp;Brisbane&nbsp;by foot, plus just 500m from the site Queen's Wharf will bring 50 new restaurants and cafes within walking distance."

[smartcode_project_cta:default project_id=6206]

Currently under construction with Rocking Horse Constructions, Sorano House is scheduled for completion in the first quarter of 2025

Luxury Kangaroo Point apartment development Sorano House races to 60% sold as buyers fight for premium position and product

Hope Island developer Sheida Group is bringing something new to the downsizer market on one of the smallest islands on the Gold Coast waterways.

Their Marina Point development, on one of the last&nbsp;remaining undeveloped sites on <a href="/developments/hope-island-qld-4212">Hope Island</a>, offers 199 apartments across four buildings, ranging in height from three to nine levels.

What's rare about the project, on a large 2.4-hectare block&nbsp;at the corner of the Coomera River junction, is the size of the apartments, which start from over 150 sqm.

Local owner-occupiers and downsizers have shown the greatest interested in the project so far, with two-bedroom, two-bedroom plus study, and three-bedroom apartments all on offer.

<img alt="Marina Point Spotlight" data-entity-type="file" data-entity-uuid="dcc73f04-2a69-4286-b9b2-b36ae4bd6c00" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marina%20Point%20Surrounds.png?VersionId=WiqOJj_s2GQxdMWSH3tG.Qk2W3KD77b6" />

Each apartment has been designed by&nbsp;<a href="/architects/forgan-smith-architects">Forgan &amp; Smith</a>&nbsp;to take advantage of its corner waterfront position.&nbsp;All residences have uninterrupted views of either the river, hinterland, or Surfers Paradise.

The heart of the home is the entertainer's kitchen, featuring a Calacatta benchtop and splashback, top-of-the-line Bosch appliances, and complemented by a butler's pantry with integrated laundry.

The 100 per cent wool-carpeted master suite is complete with a walk-in robe, an ensuite featuring a freestanding bath, and a private balcony overlooking the river.

<img alt="Marina Point Spotlight" data-entity-type="file" data-entity-uuid="68033435-205d-4213-b8a2-7a6dd35cbefd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marina%20Point%20BDRM.png?VersionId=KR7i3nYgBOuzdmrxtiU.RffpqFdnRz.x" />

Each apartment is allocated two car parking spaces with charging stations for electric vehicles.

Marina Point also features a state-of-the-art health and wellness hub, comprising a heated indoor 25-metre lap pool, a golf simulator room, a gym, sauna and spa facilities, a yoga room, and a massage room.

Residents will also have a second 25-metre lagoon pool, surrounded by palm trees, a lounge bar with family-sized tables, and a residents' library.

<img alt="Marina Point Spotlight" data-entity-type="file" data-entity-uuid="3db93cc2-c2a5-41ad-8d5a-c4da9bb24464" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marina%20Point%20Location.png?VersionId=uP1nohUFD7H4f746WmDprhveN_p2DHCO" />

<a href="/new-apartments/marina-point-63-view-line-terrace-hope-island">Marina Point</a> offers unrivalled access to the open waters, with bridge-free moorings accommodating vessels of up to 20 metres in length. There will also be a 300-metre-long public boardwalk along the waterfront.

Convenience is paramount at Marina Point, with a number of retail and dining options nearby including <a href="/developments/hope-island-qld-4212">Hope Island</a> Market Place, Marina Shopping Village, and Harbour Town.

Marina Point is slated for completion in July 2025.

Marina Point a favourite for Hope Island downsizers with large apartments on offer

Buyer interest continues for MRCB International’s Gold Coast project 26 Vista, as it attains another record-breaking quarter surpassing&nbsp;$170 million in total sales.

Since launching to market in early 2023, the success of <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>&nbsp;in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> is credited to the large demand from interstate buyers, which has positioned the project as the top choice for buyers looking to purchase in Queensland.

Despite the current market fluctuations, strong interest in the purchasing of luxury apartments on the Gold Coast continues to remain, especially topped with the recent surge in local downsizer inquiries since MRCB secured funding from Malaysian financial institution MBSB Bank in June 2023.

Urban Activation's CEO and lead sales agent Matt George said buyers&nbsp;from <a href="/developments/brisbane-qld">Brisbane</a>, <a href="/developments/melbourne-vic">Melbourne</a> and <a href="/developments/sydney-nsw">Sydney</a> continue to show keen interest in 26 Vista.

"We anticipate the increase in downsizers to progress,” George said.

[smartcode_project:default project_id=112730 project_image_fid=211248]

26 Vista also pioneers as the future of sustainability on the <a href="/developments/gold-coast-qld">Gold Coast</a>, fast securing itself as the ‘Greenest Tower on the Gold Coast’, <a href="/news/qld/mrcb-and-outbound-team-up-for-ev-car-sharing-partnership-in-gold-coast-first">exclusively offering EV car sharing with Outbound</a>, setting a new standard for residential buildings on the Gold Coast.

Buyers have been drawn to the lifestyle on offer at 26 Vista, with its lush private rooftop gardens and sky-high residents' lounges, providing 360-degree views of South East Queensland, along with offering a hotel-styled wellness precinct featuring a state-of-the-art gym, outdoor yoga space, outdoor pool and spa, sauna and a steam room.

[smartcode_project:default project_id=112730 project_image_fid=211258]

MRCB International CEO, Ravi Krishnan, is delighted by the influx of interest in 26 Vista, stating it's a true testament to the commitment that MRCB shows in each of their projects.

“We are committed to setting new benchmarks in residential developments, making the choice to introduce the groundbreaking vision of 26 Vista to the Gold Coast Skyline," Krishnan said.

"In designing 26 Vista, our aim was to mirror the dedication we bring to all our projects, carefully crafting a sustainable yet prestigious living experience for both current and future residents of Surfers Paradise. We firmly believe that 26 Vista is poised to emerge as the greenest tower on the Gold Coast skyline, whilst upholding a heavy focus on luxury and top-tier finishes."

[smartcode_project:default project_id=112730 project_image_fid=209972]

Urban Activation predicts 2024 will maintain the strong momentum of 2023.

Matt George forecasts $200 million in sales for the next quarter of 2024. The current buyer demographic for the Gold Coast remaining financially stable, as well as the forecasted interest rate reductions in late 2024, coupled with continued undersupply of premium apartments on the Gold Coast are all anticipated to drive sales momentum with massive demand.

"Buyers are recognising the unparalleled value in the beachside location and the unprecedented level of finishes that 26 Vista brings to the Gold 
Coast," George said.

"As we get closer to breaking ground on site, we've seen increased enquiries, for our range of three and four-bedroom apartments which all capture panoramic views over the Gold Coast."

Construction for 26 Vista is set for late 2024, with a builder to be named in the coming months.

[smartcode_project_cta:default project_id=112730]

Construction for 26 Vista is set for late 2024, with a builder to be named in the coming months

MRCB's 26 Vista, Surfers Paradise apartments over 50% sold as sales reach $170 million

Frasers Property Australia is officially transitioning up the iconic Keperra hillside with the second release of elevated homesites at The Quarry to meet buyer demand, as purchasers embrace the opportunity to live in one of the largest urban transformations in Brisbane’s history.

Spanning 48.7 hectares just 9.5 kilometres from the CBD, the $500 million masterplanned precinct is transforming the <a href="/developments/keperra-qld-4054">Keperra</a> Quarry into Brisbane’s most elevated community, featuring a mix of about 500 home and land sites, Rothelowman designed terrace homes, extensive placemaking and shared resort style amenity.

Scott Ullman, General Manager Queensland Development at <a href="/developers/frasers-property">Frasers Property Australia</a>, said interest on release two remained strong and featured a selection of 20 level lots, ready for home construction in by mid-2024.

Read more: <a href="/news/qld/first-look-exclusive-frasers-plans-revealed-for-keperra-quarry-site">First look exclusive: Frasers plans revealed for Keperra Quarry site</a>

[smartcode_project:default project_id=141197 project_image_fid=228242]

“Release Two is the first collection of homesites that transition up the hillside of The Quarry and with that comes sweeping views of the D’Aguilar Range and beyond,” Ullman said.

“It’s also positioned close to the recently completed cliffside staircase lookout, which has become a popular exercise destination akin to the iconic Kangaroo Point Cliffs, and only a two-minute walk to ClubQ.

“ClubQ is the heart of The Quarry community, offering elevated, luxury resort style amenities for residents to relax, indulge and entertain, including an entertainer's kitchen, dining room, event spaces, library and work zones”.

[smartcode_project:default project_id=141197 project_image_fid=228247]

Other ClubQ amenities include a 25m lap pool with an adjoining sun deck, sunset lounges and a generous green oval ideal for family occasions. Two additional resort-style walk-in pools with an integrated waterfall and kids splash and play area, and a private wellness centre featuring a fully equipped gymnasium and meditation room will form part of the precinct’s future amenity.

Ullman said future homeowners would be immersed in the landscape and history of The Quarry, while at the same time contributing to the rewilding of the hillside.

“More than 40 per cent of the community is dedicated to existing bushland and newly curated green spaces, resident amenities and nature play spaces, alongside more than 100,000 new plants and trees in a true mission towards regeneration,” he said.

“Homes will front tree-lined streets and beautifully curated landscapes. It will be unrecognisable as a quarry in the fullness of time.”

Read more:&nbsp;<a href="/news/qld/frasers-unveil-500-million-the-quarry-masterplan-in-keperra">Frasers unveil $500 million The Quarry masterplan in Keperra</a>

[smartcode_project:default project_id=141197 project_image_fid=228242]

Located in Brisbane’s north-west, Keperra is an established suburb with strong demand for new housing supply due to its proximity to leading schools, healthcare and major transport infrastructure.

The existing Keperra Quarry, which mines granite, has operated for more than 60 years and will progressively curb operations as the development of the residential stages advance.

The lots in release two are priced from $585,000.

[smartcode_project_cta:default project_id=141197]

The existing Keperra Quarry, which mines granite, has operated for more than 60 years and will progressively curb operations as the development of the residential stages advance

Frasers launch second land release at The Quarry

Builder developer Habitat Development Group has officially commenced construction on their latest Sunshine Coast apartment development, St Clair.

The builder developer has turned the first sod at the near 9,000 sqm Waterside Retreat site, the last east facing, absolute waterfront site on <a href="/new-apartments/birtinya-qld-4575">Birtinya</a> Island overlooking Lake Kawana.

<a href="/new-apartments/st-clair-birtinya-930-931-waterside-retreat-birtinya">St Clair</a> will comprise two eight-level buildings with 200 apartments.

Read more:&nbsp;<a href="/news/qld/on-lake-kawana-and-next-to-bokarina-beach-st-clairs-ideal-waterside-location-in-birtinya">On Lake Kawana and next to Bokarina Beach: St Clair's ideal waterside location in Birtinya</a>

[smartcode_project:default project_id=108399 project_image_fid=230765]

<a href="/developers/habitat-development-group">Habitat Development Group</a> Managing Director, Cleighton Clark, said the team is&nbsp;thrilled to be commencing construction of the landmark project.

"The past few years have been difficult for the development and construction industry but we are beginning to see pricing on building materials stabilise and thanks to our strong track record on the coast, we have a great pool of local subcontractors who will help us make this project a reality," Clark said.

"With rental vacancy at an all time low and very few residential projects underway on the Sunshine Coast, we feel this is a great opportunity to help ease the current housing crisis."

[smartcode_project:default project_id=108399 project_image_fid=230948]

In a boost to the local construction sector, between 350-400 workers will be on site during the construction phase.

St Clair has been architecturally designed to capitalise on its prime waterfront location which includes ocean views across Lake Kawana to the east and hinterland views to the west.

Residents at St Clair will enjoy a range of resort style facilities such as a 25-metre resort style pool with shallow water wading and loungers, and a barbecue pavilion and fire pit area.

[smartcode_project:default project_id=108399 project_image_fid=230354]

There will also be an&nbsp;exclusive residents’ dining room with a 16-seat dining table, chef’s kitchen and private outdoor entertaining terrace, as well as a&nbsp;1,000 sqm private parkland with a fire pit, BBQ facilities, and direct access to the Lake Kawana esplanade.

A rooftop terrace on level nine will feature an outdoor kitchen and more BBQ facilities, along with numerous seating and lounging areas with sunrise and ocean views over <a href="/developments/bokarina-qld-4575">Bokarina</a>, as well as sunset vistas across the hinterland.

[smartcode_project:default project_id=108399 project_image_fid=230358]

Birtinya has become one of the region’s true property hot spots with excellent proximity to the Sunshine Coast University Hospital as well as to the Stockland Birtinya shopping centre which features a flagship Coles and ALDI supermarket and some 40 specialty retailers along with a variety of food and entertainment options.

Read more:&nbsp;<a href="/news/qld/why-birtinyas-newest-off-the-plan-apartment-development-st-clair-stacks-up-for-investors">Why Birtinya's newest off the plan apartment development St Clair stacks up for investors</a>

“We are very pleased to hear that the former NightQuarter precinct at Birtinya is set to be revitalised into a family friendly entertainment precinct under a new name, The Station," Clark added.

"It’s an exciting addition to the local entertainment industry."

Over 50% of stage one of St Clair apartments has already been sold, with prices ranging from $749,900 to in excess of $3 million for one of the penthouses.

Construction is due for completion in late 2025.

[smartcode_project_cta:default project_id=108399]

Over 50% of stage one of St Clair apartments has already been sold, with prices ranging from $749,900 to in excess of $3 million for one of the penthouses

Habitat Development Group kick off construction at Birtinya apartment development, St Clair

The Brisbane CBD is set for one of its largest ever residential towers.

Legendary Japanese architect <a href="/architects/koichi-takada-architects">Koichi Takada</a> is set to put his stamp on the CBD with the recent plans for <a href="/new-apartments/25-mary-street-brisbane">25 Mary Street</a>, a 71-level residential tower.

At 264 metres, the new tower will be up there with the 270m Brisbane Sky Tower and the 264m <a href="/buildings/the-one-residences-brisbane-8-adelaide-street-brisbane">The One Residences</a> by <a href="/developers/shayher-group">Shayher Group</a>.

<img alt="25 Mary Sreet" data-entity-type="file" data-entity-uuid="2454b859-74e7-4a64-8c88-4290575b8b73" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-07%20at%2011.34.00%20am.png?VersionId=NDiuvX0la8aGntLNFwwIpCtEA1YK1.AP" />

The plans by developers James and John Kaias's development company KS Property are for 527 one, two, three and four bedroom apartments, set above eight basement levels and five podium levels which will home 469 car parking spaces and 508 bicycle spaces.

Takada says in the Urban Design Report submitted to the Brisbane City Council that the building&nbsp;is intended to become a landmark unique built form with several curved elevated urban parks.

"The tower will contribute positively to the rapidly evolving Brisbane city skyline as an examplar of subtropical tower design."

<h2>The Site</h2>

The new project will sits on a 2,736 sqm block across 25 Mary Street and 98 and 98A Margaret Street, two streets away from the Brisbane City Botanic Gardens and a street away from Queens Wharf Brisbane.

It directly adjoins the Unilodge campus apartment building, as well as the Metro 21 apartment building and the 23-level commercial office building Mineral House.

<h2>The Apartments</h2>

The 527 apartments will be broken down as follows:

<ul>
	<li>187 one beds (35%)</li>
	<li>154 two beds (29%)</li>
	<li>168 three beds (32%)</li>
	<li>18 four beds (3%)</li>
</ul>

<h2>The Recreation</h2>

There will be over 4,000 sqm of communal recreational area throughout the building.

Level six and seven will cater for the whole building, with facilities such as a pet spa, yoga rooms, float therapy, sauna, spa, gym, basketball court, climbing wall, barbecue area, semi outdoor terrace, lap pool and private dining space.

Level 23 will feature a business centre with an open air lawn space with barbecues, golf simulator, library with two lounges and two landscaped terraces, two dining rooms with kitchens, a multi purpose room.

Exclusive to the sky-rise collection of apartments, level 39 will hav a swimming pool and spa, a full wall of barbecues, another lounge and library space, a dining room and a personal training room.

<img alt="25 Mary " data-entity-type="file" data-entity-uuid="647aa14b-af50-4345-bb8d-89ad7c03a644" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-07%20at%2011.31.54%20am.png?VersionId=fFYwLIKXvXNud4XrD.k.aqpsiOdYUbQZ" />

The penthouse collection apartments also get their own level of amenity. Level 66 will home the sky wellness hub, with hot and cold&nbsp;plunge pools, a lap pool and spa, more lounge and library space and dining rooms, another private personal training room, and a meeting room.

"The design provides high quality and considered public open space for residents at multiple levels staggered vertically through the building," Koichi Takada Architects noted in their submission.

"The recreation levels incorporate a variety of sheltered and shaded seating areas and communal open spaces. These spaces have all been carefully designed with consideration of visual impact from the street, including lighting and feature artwork to the soffits. The recreation levels edges are sculptural in plan, projecting further past the typical tower facade align to create special spaces."

<h2>The Design</h2>

Koichi Takada Architects said the design&nbsp;of the tower draws inspiration from nature.

"The height of the proposal naturally invokes the impression of a tree trunk extending up into the sky, with the recreation levels as ‘nests’ that are inserted vertically throughout the height of the building," the report noted.

"The materiality of the building seeks to emphasise this connection by making use of warm timber tones to the slab soffits. The rippling organic forms of the recreation level ‘nests’ serve the dual purpose of providing visual breaks to the massing and bulk of the proposal while also clearly defining and giving an identity to each of these spaces. Feature artwork to the soffits of the recreation levels provide further visual interest that can be seen both from street level and from afar.

"The feature roof canopy not only provides shade but also acts as an architectural crown to create an interesting visual form in the skyline that can also be lit up at night. The sculptural forms of the recreational floors create a rhythmic interplay and provide large, sheltered gardens in the sky."

<h2>The Balconies</h2>

Takada says the proposal introduces a unique offering to Brisbane - truly breathable balconies at high level, comparing the breathable balconies to those found in Greenland's Greenland Centre on Sydney's Bathurst Street.

"The ‘breathable’ balconies provide the ability for occupants to control and regulate conditions in their balconies to suit their own preferences and comfort levels. The balconies incorporate a ventilation opening at high level that remains open at all times, with protection from rain etc. provided by the overhang of the slab/eaves above. A second ventilation pathway is provided by a louvered opening at low level which is able to be closed off in adverse conditions."

Major view lines from the apartments open across the city in every direction. Windows and balconies are designed to frame the views and capture desirable sunlight and breezes whilst providing protection to internal living spaces.

<h2>The Podium and Ground Level</h2>

The podium design references the horizontality of the tower above at a more fine-grained scale, incorporating organic forms and lush green planting, Takada says.

"Cascading plants spill over the feature awning, softening hard built form edges and providing an enhanced pedestrian experience. The timber ‘waterfall’ is populated by living greenery, carefully selected to ensure some species are always flowering at all times of the year. The retail tenancy in the corner provides activation to the street edge, while the high-ceilinged lobby creates an inviting entrance space for all occupants."

<img alt="25 Mary" data-entity-type="file" data-entity-uuid="c9f3c599-d2a6-4d03-abdc-33c40857c8a9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-07%20at%2011.58.10%20am.png?VersionId=IXuU2rWmC0xhyCycGaUBTE6liEYi3P.y" />

They said the ground level streetscape is activated by an abundance of planting and tactile, layered materials.

"Existing street trees are to be retained where possible. Green walls are located to the left and right of the feature podium, softening the edges of the building. The new landscaped awning continues the existing rhythm of awnings along the street, following the slope of the site. The driveway crossover has been designed to be as unobtrusive as possible, with all turnaround and servicing spaces located to the rear of the site."

The lobby is a double height space with a glazed entrance, creating a generously proportioned space for residents to mingle. The open nature of the lobby also provides the opportunity for passive surveillance of the street.

Inside Koichi Takada's designs for one of Brisbane's tallest apartment towers

There's no stopping Brisbane in either the house or unit market.

January marked yet another month of gains of one per cent or over in both the house and unit market, while other capital cities show a few signs of growth softening, CoreLogic's Hedonic Home Value Index for January showed.

Brisbane's unit market, which incorporates both apartments and townhouses, jumped 1.1 per cent to be 13.6 per cent up in the last 12 months. Across 2023 the unit market gained 12.2 per cent.

The median unit value in Brisbane is now $568,000 and is approaching Melbourne's median of $608,000. Brisbane's median dwelling value (both houses and units), <a href="/news/qld/brisbanes-median-dwelling-price-overtakes-melbourne-after-staggering-price-growth-corelogic">overtook Melbourne</a> at the back end of last year, primarily driven by the housing market.

<h2>What's happening in Brisbane's off the plan apartment market?</h2>

Feedback from both agents and developers continues to be positive, with high enquiry volumes, high numbers coming through the door, and high conversions.

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Kokoda Property</a> is continuing to make sales at its <a href="/new-apartments/milton-qld-4064">Milton apartment development</a> <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>.

The Cottee Parker-designed tower with 144 apartments across 21 levels is fast approaching sell out, having only tentatively launched to the retail market.

The project has incredible amenity, centred on a rooftop wellness space with an infinity pool, a gym, infrared sauna, spa, plunge pool and yoga studio.

[smartcode_project:default project_id=139032 project_image_fid=231171]

Busy Woolloongabba developer Sarazin is too making strides in their latest project <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a>, in <a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a> on the fringe of the <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a> precinct.

Murcia, on Overend Road just 150 metres from The Gabba, has been one of Urban's most popular Brisbane apartment developments since it launched to the market in June 2023. The 18-level,187-apartment building is named after the Spanish city of Murcia, and has influences of the beachside city throughout its architecture and landscape design.

[smartcode_project:default project_id=135094 project_image_fid=214684]

Sarazin State Director Adam Rainbird says there's plenty of activity in the market, and the start of the year has seen it pick up again.

"We’re seeing a lot of buyers at our Murcia project either upsizing or downsizing locally," Rainbird says.

[smartcode_project:default project_id=135094 project_image_fid=214645]

"We’ve got a variety of owner-occupier stock which suits various different life stages of owner-occupiers.

"We’ve also had buyers from further afield who have their main home in Noosa or even far north Queensland but want a city base.

Rainbird says one of the big drivers of sales at <a href="/news/qld/a-front-row-seat-to-the-2032-brisbane-olympics-how-murcia-residences-is-set-to-take-advantage-of-woolloongabba-boom">Murcia is the location</a>, with the Cross River Rail a big infrastructure project which will connect future residents to the city in minutes.

He says underpinning the whole off the plan apartment market is a supply shortage, and it’s getting worse.

"If you have a good product on the market, there’s definitely the demand for it."

[smartcode_project:default project_id=135094 project_image_fid=214682]

<a href="/developers/holm-developments">Holm Developments</a> Founder and Director Godfrey Esmonde says what they're going to focus on in 2024 is providing confidence.

"I think confidence is the key for all aspects of the industry," Esmonde says.

"From a finance perspective the lenders are going to want to be confident in the products appeal, the developers ability and especially the selected builder. Being able to instil confidence in your lender will go along way to securing the necessary funding to get projects up and running. Doubts over any of the above may see projects stall even if on paper the returns look good."

He says from a sales perspective, it's about creating confidence in the market.

"Buyers want to be confident that the developer is competent and has a track record of delivering, they want to be confident the funding is available for the project so that it commences onsite and they want to be confident the builder is financially stable and will be there at the end of the project."

As far as how the market looks for 2024, Esmonde says the outlook is good with inflation slowing and rates possibly stabilising or reducing.

"I think there will be a surge in sales as people become more confident about the general financial outlook but I don’t think it will be a mad rush, too many people have been burnt recently or know someone who has and as such they will be more cautious about jumping in. Thus if you can&nbsp; instil that confidence you should be ahead of the pack to capitalise."

Holm is currently marketing <a href="/buildings/ascot-row-89-95-stevenson-street-ascot">Ascot Row</a>, just 14 luxury apartments on Stevenson Street in Ascot.

City Beat February 2024: Brisbane's 2023 property market gains continue into 2024

Gold Coast-based developer Monaco Property Group (MPG) has broken ground at the multi award-winning Isle of Capri project, Capri, with demolition now complete and civil works set to commence this week.

Being built by Greyburn Building Contractors, <a href="/new-townhouses/capri-villas-81-salerno-street-isle-of-capri">Capri</a> represents the largest residential project <a href="/new-townhouses/isle-of-capri-qld-4217">in the suburb</a> in more than three decades occupying a prime 1.2-hectare site set to house 48 architecturally designed luxury villas.

[smartcode_project:default project_id=139511 project_image_fid=216115]

Greyburn Director John Kearney says Capri has been impeccably and thoroughly designed to the highest level of detail to ensure the high-end luxury project is delivered in line with buyer expectations.

“<a href="/developers/monaco-property-group">MPG</a> has spared no expense on the design and construction of Capri with meticulous attention to detail applied to every facet of the project in order to create a residential project that exudes quality and is built to stand the test of time,” Kearney says.

“The project combines the very best of high-end domestic construction within a solid concrete structure and suspended slabs utilised throughout the design which is not only testament to the expected longevity of the buildings, but the attitudes and culture behind its creation.

“As a Gold Coast-based company, Capri represents a very special project for our team and for our longstanding contractors and suppliers who also see it as a privilege to be involved in the construction of this landmark building.”

[smartcode_project:default project_id=139511 project_image_fid=214735]

Designed by global practice Plus Architecture and <a href="/developments/gold-coast-qld">Gold Coast</a> award-winning firm BDA Architecture, Capri offers two and three-level villas ranging in size from 241 sqm to 370 sqm with three and four-bedroom options available along with multi-purpose rooms, and secure double garages.

Capri offers an exclusive gated community surrounded by world-class resort-style resident-only amenities including a pool with submerged lounge chairs, sundeck, an outdoor dining terrace, a covered barbeque area and a residents lounge complete with kitchen, bar, TV, lounge and fireplace.

[smartcode_project:default project_id=139511 project_image_fid=213450]

With more than 60 percent of the project already sold, NPA Director Andrew Erwin says now construction has commenced at Capri the project will move full steam ahead.

“Capri has officially moved to the next phase meaning it’s on track to be welcoming residents in 2025,” Erwin says.

“With construction moving forward so quickly it has instilled a high level of confidence in our existing and prospective buyers and we expect the sales momentum to continue with buyers confident their new home will be ready to move into come 2025.”

[smartcode_project:default project_id=139511 project_image_fid=213455]

Remaining villas are selling from $2.19million

A Capri Open Day will be held this Saturday, February 3 from 10am-2pm with free coffee, gelato, and informative sessions on interior design and Gaggenau kitchen appliances. There will also be the opportunity to meet the developer and the builder with the chance to ask questions about the project.

[smartcode_project_cta:default project_id=139511]

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