A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

First look: Arada Australia doubles down in Campsie with 33-storey Metro-front tower plans

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?

Renowned South East Queensland developer Mosaic Property Group has sold out its Toowong apartment development, The Prescott, before construction has completed.

<a href="/new-apartments/the-prescott-by-mosaic-toowong-24-28-lissner-street-toowong">The Prescott</a>, on a 2,108 sqm site on Lissner Street on the fringe of&nbsp;<a href="/developments/toowong-qld-4066">Toowong</a>&nbsp;village, comprises 100 apartments across a 14-level building. There were 10 apartments that featured in Mosaic's sought-after Masterpiece Series.

Mosaic partnered with acclaimed design firm <a href="/architects/dko-architecture">DKO</a>, their second collaboration following the rapid sellout of <a href="/buildings/the-mowbray-73-northcote-street-east-brisbane-qld-4169">The Mowbray</a> in <a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a>. The architectural design incorporates cascading and climbing plants on each facade, creating green spines throughout The Prescott.

Prospective residents of The Prescott can anticipate a lifestyle that takes advantage of Brisbane's subtropical climate with rooftop recreation spaces that include a pool, a gym with a yoga lawn, and multiple dining areas with panoramic views of the Brisbane River, Mount Coot-Tha, and the city skyline.

[smartcode_project:default project_id=107029 project_image_fid=251124]

The design of The Prescott draws on&nbsp;local historical references, particularly architectural detailing and craftsmanship, to bring something refreshing and new to Toowong.

Architecture and materiality are timeless, with a strong emphasis on landscaping, including an abundance of cascading and climbing plants. Seven green spines feature across the building, connecting the ground to the rooftop, breathing life into each facade.

A veiled podium references the nearby Regatta Hotel and surrounding masonry apartment context with the inclusion of breeze blocks.

[smartcode_project:default project_id=107029 project_image_fid=251119]

Mosaic's building arm,&nbsp;<a href="/builders/mosaic-construction">Mosaic Construction</a>, completed the ground-level concrete slab pour last month, a massive task involving 1320 cubic metres of concrete. Weather permitting, the team aims to complete the forming and pouring of the level two slab by the end of March.

<a href="/developers/mosaic-property-group">Mosaic</a>&nbsp;has 11 projects under construction in Brisbane and the Gold Coast, the majority of which are sold out. The Prescott is Mosaic's third apartment development in Toowong, following the successful&nbsp;<a href="/new-apartments/the-patterson-by-mosaic-15-archer-street-toowong">The Patterson by Mosaic</a>&nbsp;and&nbsp;<a href="/buildings/kensington-by-mosaic-36-sylvan-road-toowong">Kensington by Mosaic</a>.

[smartcode_project_cta:default project_id=107029]

Mosaic has 11 projects under construction in Brisbane and the Gold Coast, the majority of which are sold out

Mosaic sell out The Prescott in Toowong

Joint venture partners&nbsp;Guavalime and Capital Prudential grabbed one of the closest residential development sites to Alderley Station for their latest Brisbane apartment development.

Their new project, <a href="/new-apartments/breathe-residences-alderley-27-lorne-street-alderley-qld">Breathe Residences</a> at 27 Lorne Street, is ideally located near the corner of Samford Road and a stone's throw from the heart of Alderley.

Future residents of the <a href="/architects/loucas-architects">Loucas Architects</a>-designed building will be just 450 metres from Alderley Station on South Pine Road, where there's a number of bus stops heading into Roma Street.

[smartcode_project:default project_id=143502 project_image_fid=249940]

Half way between the one, two and three-bedroom apartment development and the station is Alderley Plaza, anchored by a Coles supermarket and also home to Japanese grocery store Genki Mart, Alderley Australia Post, a chemist, and a number of multi-cultural restaurants.

Around 200 metres from the front door of Breathe Residences is the most popular pub in the suburb, the Alderley Arms Hotel, a mainstay for locals and visitors to Alderley for a number of years.

The closest cafe is Brisbean Cafe, close to the entry of the station just over 300 metres away.

[smartcode_project:default project_id=143502 project_image_fid=249939]

The neighbourhood's liveability is further enhanced by its abundance of parks.

The Banks Street Reserve, a 30-hectare park just a nine-minute walk south of Breathe Residences, offers a variety of recreational activities, from biking along the scenic bikeway to bushwalking and enjoying open spaces.

There is also Grinstead Park, a five-minute walk north of Breathe Residences, perfect for all ages with its exercise equipment, BBQ areas, dedicated bike track for kids, soccer and basketball courts, tennis wall, and massive fort playground.

<a href="/architects/loucas-architects">Loucas Architects</a>&nbsp;designed Breathe Residences, capturing modern Australian design. The central concept focuses on the building’s "lungs" – a garden courtyard at the core, surrounded by pathways promoting mobility, connections, and peaceful moments within the gardens.

<a href="/developers/guavalime">Guavalime</a>&nbsp;and&nbsp;<a href="/developers/capital-prudential">Capital Prudential</a> has already appointed&nbsp;<a href="/builders/geocal-group">Geocal Group</a>&nbsp;to build Breathe Residences, which is expected to officially launch soon through Position Property.

[smartcode_project_cta:default project_id=143502]

Alderley's liveability is enhanced by its abundance of parks, cafes, and central train station



Breathe Residences: Inside the location of Alderley's newest apartment development

Yeronga is one of Brisbane's premier riverfront suburbs.

But it hasn't had an influx of new apartments for a number of years, not since the sell-out successes of Gardner Vaughan's five stage masterplan&nbsp;<a href="/new-apartments/venusto-172-venner-road-yeronga">Renovaré</a>.

The latest project is from&nbsp;<a href="/developers/pradella">Pradella Property</a>&nbsp;who in January launched&nbsp;Jardinia, a collection of 87 apartments ideally located&nbsp;only 200 metres away from Yeronga Train Station.

The location puts future residents just steps away from Yeronga's cafes, restaurants, shopping and schools.

[smartcode_project:default project_id=137221 project_image_fid=250613]

The recently refurbished <a href="/developments/yeronga-qld-4104">Yeronga</a> Train Station boasts a direct cross-river rail link and improved accessibility, cementing Jardinia's status as a hub of connectivity.

For the foodies, options start just across Devon St, where Yeronga Bakery Cafe and Teddy J's BBQ &amp; Burgers.

Only 250 metres ahead is Club Yeronga which serves everything from steaks, pasta and wood-fired pizza.

Golly Gosh, known for its thoughtfully crafted brunch dishes and top-notch coffee, is within 800 metres, while Osteria Epoca, where contemporary flavours meet traditional Italian methods, is just a three-minute drive.

[smartcode_project:default project_id=137221 project_image_fid=249210]

For everyday essentials and more, <a href="/developments/fairfield-qld-4103">Fairfield</a> Gardens Shopping Complex is a short six-minute car ride away from Jardinia.

The shopping complex is home to an ALDI, Coles, pharmacy, clinics, and even the Fairfield public library, as well as more cuisine and fast food dining options.

Outdoor enthusiasts will find Jardinia perfectly situated amidst various parks and green spaces.

[smartcode_project:default project_id=137221 project_image_fid=250614]

Yeronga Street Park, with its views of the Brisbane River and the Indooroopilly Golf Club across, is 500 metres west of Jardinia.

The 5.5-hectare Hyde Road Park, only 700 metres north of Jardinia, has walking tracks, a dog-friendly park, playgrounds, and is surrounded by coffee shops. Slightly further afield is the&nbsp;22-hectare, heritage-listed Yeronga Memorial Park which also has a dog park and a playground, as well as a public swimming pool.

Families with school-going children will find convenience in the proximity of Jardinia to various educational institutions. Yeronga State School, St Sebastian's Primary School, Yeronga State High School, and Yeronga Montessori are all less than 650 metres from Jardinia, making them easily accessible by foot.

Designed by <a href="/architects/wiltshire-stevens-architecture">Wiltshire Stevens</a>, Jardinia offers one, two, three, and four-bedroom residences spread across five levels. Position Property is marketing Jardinia.

[smartcode_project_cta:default project_id=137221]

Designed by Wiltshire Stevens, Jardinia offers one, two, three, and four-bedroom residences spread across five levels.

Jardinia: Yeronga's most centrally located apartment development 

Brisbane builder developer Carbone Developments really know the importance of a well located project.

Their most recent, <a href="/new-apartments/parque-mitchelton-3-mcconaghy-street-mitchelton">Parque Mitchelton in Brisbane's north-west</a>, is ideally located so future residents hardly need a car to get everything and get everywhere they would need.

Set 35 metres from the Mitchelton Station, Parque is just 20 minutes from the city by train, and 15 minutes by car, if it's ever required.

The project of 60 one and two-bedroom apartments starting from $450,000 is also conveniently located within a six-minute walk to Brookside Shopping Centre which has over 100 retailers including Big W, TK Maxx and Target. There's both a Woolworths and a Coles, as well as all the major banks branches. Food and dining options are also aplenty.

&nbsp;

[smartcode_project:default project_id=140363 project_image_fid=256075]

On top of the food and beverage options in the shopping centre, there's also plenty of hospitality venues around the train station including Mary's Seafood, American diner Miss Kay's , Blackwood Espresso Bar and quaint cocktail bar The Woods Bar.

While there's extensive connectivity and convenience near Parque, there's also significant nature opportunities. The apartments have the backdrop of Michelton's leafy Osborne Road Park.

One of the most popular parks is Terabla Park, just over one kilometre from Parque. That features expansive green areas, playgrounds for children, picnic spots, and barbecue facilities. The park also features walking and cycling paths, making it a favourite for both active individuals and families.

There's also further opportunity for nature walks at&nbsp;Bartley's Hill Reservoir and South Pine River, the latter which runs along Kedron Brook Creek.

[smartcode_project:default project_id=140363 project_image_fid=250230]

There's five primary school opportunities within one kilometre of the front door of Parque, as well as five secondary schools. Tertiary education institutions are also within close proximity, with campuses of the University of Queensland and Torrens University Australia around five kilometres away.

Residents at Parque are also treated to extensive amenity within the building in the form of a&nbsp;swimming pool and a gym, as well as a sun deck with barbecue facilities and park views.

The apartments have been designed by Red Door Architecture to make the most of Brisbane's tropical climate, with the open plan kitchen, living and dining areas opening onto balconies.

<a href="/developers/carbone-developments">Carbone Developments</a>&nbsp;has been developing in Brisbane for over two decades. They've developed both house and multi-residential projects in the likes of&nbsp;<a href="/new-apartments/lutwyche-qld-4030">Lutwyche</a>,&nbsp;<a href="/new-apartments/redland-bay-qld-4165">Redland Bay</a>&nbsp;and&nbsp;<a href="/new-apartments/chermside-qld-4032">Chermside</a>.

They have future projects coming up in&nbsp;<a href="/new-apartments/windsor-qld-4030">Windsor</a>&nbsp;and Redland Bay.

[smartcode_project_cta:default project_id=140363]

While there's extensive connectivity and convenience near Parque, there's also significant nature opportunities

Connected to everything: Why Parque Mitchelton is a walker's paradise

Prominent South East Queensland developer Gardner Vaughan Group is nearing completion of its three-tower Chermside apartment development&nbsp;Estilo on the Park.

They've staggered the releases of the three towers, but now with towers one and two, Lujosa and Belleza, all but sold out, now they've launched the third and final building, Esencia.

Esencia will comprise 50 apartments above four commercial tenancies, completing the 122-apartment development on the edge of the 73-hectare Seventh Brigade&nbsp;Park.

[smartcode_project:default project_id=100682 project_image_fid=186902]

There are two, three and four-bedroom apartments on offer in Esencia, with prices starting from just over $800,000.

Each apartment features open-plan living spaces extending to large entertainer's balconies.

The kitchens are fitted with integrated European appliances and stone benchtops, while the large master suites feature&nbsp;walk-in wardrobes and en suites with double vanities, imported tiles and designer tapware.

[smartcode_project:default project_id=100682 project_image_fid=186909]

In a conscious effort to cater to the work from home trend, some apartments have a private study space or a home office.

Residents will also have access to a rooftop terrace with indoor and outdoor dining, in addition to several relaxation zones, a central outdoor pool, and landscaped gardens.&nbsp;

[smartcode_project:default project_id=100682 project_image_fid=186913]

The last parkside address in&nbsp;<a href="/new-apartments/chermside-qld-4032">Chermside</a>, Estilo on the Park residents will be at the centre of nature, with extensive bicycle paths, walking trails, sporting venues,&nbsp;picnic areas and the popular children's playground Kidspace in the Seventh Brigade Park.

There's just as much retail amenity as there is green, with Westfield <a href="/new-apartments/chermside-qld-4032">Chermside</a>&nbsp;and its 440 plus stores just a stone's throw away from&nbsp;<a href="/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>.

<a href="/developers/gardner-vaughan-group">Gardner Vaughan Group</a>'s in house construction arm are currently building Esencia, which is slated for completion toward the end of 2024.

[smartcode_project_cta:default project_id=100682]

There are two, three and four-bedroom apartments on offer in Esencia, with prices starting from just over $800,000

Gardner Vaughan launch final release at Chermside's Estilo on the Park as completion nears

National property developer&nbsp;Mulpha is set to welcome buyers later this year at its Sanctuary Cove masterplanned community, Harbour One.

<a href="/new-apartments/harbour-one-1-masthead-way-hope-island">Harbour One</a> comprises just 45 two, three, and four-bedroom apartments and townhouses across two <a href="/architects/bureauproberts">bureau^proberts</a>-designed buildings, cleverly designed so each residence offers north and east dual aspects with both hinterland and water views.

[smartcode_project:default project_id=112439 project_image_fid=210259]

bureau^proberts brought in maximum light and the feeling of space with lofty ceilings ranging from 2.6 metres to 4.1 metres as the floor level progresses upward.

The sought-after Gold Coast climate is taken advantage of with the integration of indoor and outdoor spaces. The living room opens to balconies with views over the surrounding waterways.

The kitchens feature&nbsp;Dolce Stil Novo SMEG appliances.

[smartcode_project:default project_id=112439 project_image_fid=210258]

Lush internal gardens and walkways provide a tranquil retreat, with direct access to the Coomera River’s edge.

<a href="/new-apartments/hope-island-qld-4212">Sanctuary Cove</a>&nbsp;also allows up to two pets per property, ensuring furry companions can also relish in the luxurious lifestyle.

Situated in the heart of the Marine Village, Harbour One has a nearby marina, two championship golf courses, and a vibrant dining and retail precinct at its doorstep.

[smartcode_project:default project_id=112439 project_image_fid=210260]

Additionally, the Sanctuary Cove Country Club, only a short buggy ride away, offers a wealth of wellness facilities, from fitness classes to tennis courts, a 25-metre heated outdoor pool and private spas.

Harbour One is on track for completion by builder <a href="/builders/tomkins-construction">Tomkins Construction</a> in mid-2024.

<a href="/developers/mulpha">Mulpha</a>&nbsp;is currently developing <a href="/new-apartments/norwest-quarter-40-solent-circuit-norwest">Norwest Quarter</a>, a huge masterplan in Norwest, a new suburb created north-west of Sydney.

[smartcode_project_cta:default project_id=112439]

Harbour One is on track for completion by builder Tomkins Construction in mid-2024

Mulpha set to welcome residents to Harbour One, Sanctuary Cove in late 2024

The redevelopment of the heart of Main Beach on the Gold Coast looks set to continue with one of the streets best trophy assets hitting the market.

Listed for the first in nearly a decade is eight of the 10 lots in <a href="/new-apartments/main-beach-qld-4217">Main Beach</a> Plaza, at 20-22 Tedder Avenue, which are being sold under the hammer by Harcourts Coast Commercial Directors Jared Johnson and Lachlan Marshall.

The property has already generated strong interest from investors and developers.

Johnson said that an opportunity on Tedder Avenue like this comes once in a generation.

“Tedder Avenue has historically been regarded as one of the most tightly held, affluent retail catchments on the Gold Coast," Johnson said.

"Main Beach is booming, currently benefitting from a high-density collection of luxury residential developments. The property has substantial rental, repositioning, and obvious future development upside.”

<img alt="Main Beach" data-entity-type="file" data-entity-uuid="e56317fe-9d3a-4b55-9bc6-2a9f90bf0a53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-29%20at%203.07.31%20pm.png?VersionId=JnzeXvDDacADOBnZfQQTTRjgU0W4wocR" />

The multi tenanted asset is 100 per cent leased and generates over $535,000 per year from 10 tenants.

The iconic Shuck restaurant, which is on the southern corner of the 1012sqm plaza site, has occupied the premises for 23 years.

Other restaurant tenants include, Senza Noma, Main Beach Fish Grotto and Thyme. The first-floor office tenants incudes the Drew Group, which is currently developing twin-tower Main Beach project Lagoon over on Cronin Avenue.

The auction will take place March 13.

The property has already generated strong interest from investors and developers

Blue-chip Tedder Avenue asset to sell with development upside in Main Beach

Off the plan apartment sales continued to flow in the Gold Coast at the back end of last year, with the latest data from Urbis reporting 236 apartment sales in Q4 2023.

<a href="/new-apartments/gold-coast-qld">Gold Coast</a> Central Precinct remained the city’s most active precinct, with the highest number of apartment sales achieved in the $500 million <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">Vista</a> residential tower in Surfers Paradise, being developed by the&nbsp;Malaysian conglomerate <a href="/developers/mrcb">MRCB</a>.

A total of 46 apartments were sold in Vista for a total value of more than $60 million at an average weighted sale price of $1.434 million. The number of sales was almost twice the number of the next best performing project, Marina Point at Hope Island.

Marina Point secured 26 apartment sales, at an average price of $1.4 million, while Morris Property's&nbsp;<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a>&nbsp;saw 25 sales at an average $1,089,000.

[smartcode_project:default project_id=112024 project_image_fid=241132]

Mosaic's luxury <a href="/new-apartments/isabel-by-mosaic-96-the-esplanade-burleigh-heads">Isabel project on the Burleigh Heads beachside</a> was fourth with an average sale price of $3.8 million.

Urbis director Paul Riga said the sales showed a continued strong demand for apartments across the Gold Coast, particularly along the traditional beachside strip between <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>, and <a href="/new-apartments/burleigh-heads-qld-4220">Burleigh Heads</a>.

“We’re seeing consistent sales results being achieved along the Gold Coast despite the current interest rate environment, and we think this reflects a solid level of local buyer interest as well as the continued migration from the southern states and those downsizing from existing homes into apartment living,” said Mr. Riga.

The Q4 data is consistent with the 288 sales in Q1 2023 and 211 in Q2. There was a sales spike in Q3 when there were 470 sales.

Read more:&nbsp;<a href="/news/qld/gold-coast-apartment-sales-jump-in-q3-2023-urbis">Gold Coast apartment sales jump in Q3 2023: Urbis</a>

Riga said rising construction costs, which were impacting the viability of projects, had constrained supply but those with the delivery capability and experience to take projects to the market and construct were continuing to launch new projects.

Vista has been a standout performer in the Gold Coast market with almost half of the 280 apartments in the project sold for a total value of $170 million.

[smartcode_project:default project_id=112730 project_image_fid=211248]

Vista sales agent Matt George, who heads the national agency Urban Activation which sells high-end projects across Australia, said the sales in Vista reflected a ‘flight to quality’.

“Buyers are more aware and searching for well-funded developers undertaking well-finished high-quality projects in good locations near the beach with a guaranteed commencement of construction and delivery by a tier one builder,” George said.

“The developers of Vista are a solid multi-national company with a large balance sheet and the project they have introduced in Vista is of premium quality, designed by renowned local architects DBI.

“These factors have certainly come to the fore over the last 12 to 18 months.”

[smartcode_project_cta:default project_id=112730]

The Q4 data is consistent with the 288 sales in Q1 2023 and 211 in Q2. There was a sales spike in Q3 when there were 470 sales.



Gold Coast apartment sales remain strong as Vista Surfers Paradise and Crest Broadbeach stand out

The Gold Coast off the plan apartment market is expected to have another strong year, anecdotal feedback from local agents paired with data from Australia’s largest dedicated off the plan property website suggests.

Research collected by MatterFact, the new data product from Apartments.com.au who have hundreds of thousands of prospective off the plan apartment buyers visit their platform each month, shows there was consistent enquiry volumes throughout 2022 and 2023 on the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, despite the much-publicized lack of available stock for buyers to choose from.

Apartments.com.au CEO Mike Bird says, “he was surprised when analysing the numbers given the lack of new projects being launched to the market”.

Apartments.com.au surveyed its user base in Gold Coast, digging deeper into what the barriers are for them to purchase.

The overarching response was a lack of trust in the developer or the builder. Over two-thirds of respondents said they didn’t know if they could trust the two biggest stakeholders in the project.&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=214288]

The next two biggest barriers were also both tied to the builder. 60 per cent of respondents also said a barrier to purchase was the uncertainty of move-in timelines, while half of the respondents said they were concerned with what the build quality would be like come completion.

“These are fairly common concerns statewide when it comes to buying an off-the-plan apartment,” Bird says, however, he adds that the concern is more exacerbated in the Gold Coast than anywhere else in the country.

“There needs to be full confidence now in every stakeholder in the project. The first or second question from the prospective buyer isn’t related at all to the apartment they’re purchasing, it’s related to the developer and the builder.&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=247284]

The latest research was presented the&nbsp;<a href="/project-marketer/colliers">Colliers Residential</a> developers’ lunch on the Gold Coast in late February. &nbsp;David Higgins Director of Residential who hosts the function, says the chronic undersupply on the Gold Coast that has been getting worse for years and with a drop in confidence in builders and developers unable to deliver the much-needed supply only adds to the problem.

"It seems the lack of trust of builder-developer is the number one current issue with off the plan buyers, in fact, it’s almost now secondary to be sold on the apartment configuration or the price, the buyer needs to be sold on the fact the project will be built, and to a high quality.”

“The positive for the market is that Builders and Developers who can demonstrate certainty, and have earned the trust of the buyer, will be supported by strong buyer ongoing demand from both the end user and investors”. Higgins added.

[smartcode_project:default project_id=107928 project_image_fid=234095]

Less than a third of respondents said a barrier to entry was finding value for money in the market, which is incredibly surprising given the Gold Coast’s boom in recent years.

Despite there being very little to choose from in terms of marketed projects on the Gold Coast, only a quarter of respondents said they were struggling to find an apartment that fit their needs.

Bird said that where in other states price and product mix are huge barriers to entry, that doesn’t seem to be the issue in the Gold Coast.

"It’s purely related to developer and builder confidence. If the market can find a way to fix that, and more projects can get out of the ground, then the market could pop again.”

Urban.com.au surveyed its user base in Gold Coast, digging deeper into what the barriers are for them to purchase

What are buyers saying about buying off the plan property on the Gold Coast in 2024?

Chevron Island's village lifestyle is drawing both developers and buyers to the small island directly inland of Surfers Paradise.

The latest developer to take advantage of the in-demand suburb is&nbsp;<a href="/developers/bastion">Bastion</a>, whose new $90 million&nbsp;<a href="/new-apartments/nera-residences-chevron-island-8-10-parneno-street-chevron-island">NERA Residences</a>&nbsp;will take up position toward the northern end of the island at 8-10 Parneno Street, just two streets away from the high street strip of Thomas Drive.

Thomas Drive hosts a variety of boutique retailers, highly-rated restaurants, and cafes, including Curry Muncher, Wagyu-Ya, Arlo's Pizzeria, Casa Brasil, The Balkan Est, and The Noodle House. Thomas Drive is also the main thoroughfare through Chevron Island, a bridge to <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a> to the east and <a href="/developments/southport-qld-4215">Southport</a> to the west.

[smartcode_project:default project_id=108640 project_image_fid=241577]

Chevron Renaissance, the largest shopping centre in Surfers Paradise, is just across the bridge to Surfers, while the retail hubs of Surfers Paradise Boulevard and Cavill Avenue are less than two kilometres away from NERA.

Although a relatively small suburb compared to its neighbours, Chevron Island boasts a number of riverside parks and reserves like Chevron Island Park and Korman Family Park, as well as park and fishing spots at Darrambal Street Reserve.

[smartcode_project:default project_id=108640 project_image_fid=241579]

The Home of The Arts (HOTA) precinct, located south of Chevron Island and connected by Bundall Rd over the Nerang River, is set to activate artistic programs, markets, festivals, film events, family recreation, and architectural showcases from Melbourne-based practice ARM.

While <a href="/developments/chevron-island-qld-4217">Chevron Island</a> isn't home to any educational institutions, its central location puts it only a short drive from&nbsp;Surfers Paradise State School, The Southport School, and Keebra Park State High School.

[smartcode_project:default project_id=108640 project_image_fid=253875]

NERA comprises 87 two and three-bedroom apartments, half-floor sky homes, and a penthouse over 28 levels, with panoramic views of the Pacific Ocean and Gold Coast Hinterland.

The rooftop features 360-degree views and is home to an&nbsp;infinity pool, wellness spas, and a fitness centre, as well as&nbsp;resident private dining areas and outdoor sky lounges with fire pits.

NERA's construction will commence soon, with completion slated for mid-2026.

[smartcode_project_cta:default project_id=108640]

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