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

Joel Robinson

Conquest partners with Woolworths to deliver mixed-use Waterloo project

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

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

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

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

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

South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

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Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Stockland has released what will be one of the final residential stages in their $590 million Stockland Newport masterplan on the Redcliffe Peninsula, north of Brisbane.

The newest stage, Lake Residences, is one of the most impressive yet. Just 15 waterfront townhouses run along the water, where future residents will have direct access to their own private marina berth.

The Lake Residences are already under construction by top tier builder McNab, who have already completed the framework and are soon to have the roofs all installed. They're targeting a completion date of mid-2024.

[smartcode_project:default project_id=107206 project_image_fid=224781]

The two and three-level townhouses have been designed by Hollindale Mainwaring Architecture.&nbsp;

The kitchen features integrated SMEG appliances, a butlers pantry and a striking curved bench. That flows to the open plan living and dining area, which connects with an alfresco terrace. Some homes have a bar with wine storage adjoining their kitchen, and a full outdoor kitchen on the alfresco terrace.

[smartcode_project:default project_id=107206 project_image_fid=224784]

The living area is cleverly positioned both to take in waterviews and take in maximum natural light, with large windows looking out to the lake and a double-storey void with skylight bringing in light from above.

There's even a plunge pool and an outdoor shower in the landscaped courtyard garden which is located privately near the access to the marina berth.

There has been interest from younger downsizers who are wanting a boatie lifestyle without the maintenance, or the cost, of a waterfront home. There's direct access from the lake to Moreton Bay.

Around 30 per cent of enquiries have come from New South Wales and Victoria, primarily due to the comparative affordability of living lakeside in Newport QLD versus the cost in Sydney and Melbourne.

[smartcode_project:default project_id=107206 project_image_fid=224783]

Stockland filled in the lake in 2018, with some&nbsp;one and a half billion litres of sea water flowed into the lake. It took three years to build&nbsp;the 14-metre deep non-tidal lake, which is the centrepiece of the $590 million masterplan.

The Lake Residences occupy one of the most exclusive pockets in the 143-hectare masterplan which Stockland acquired in 2015.

They're located next to Lakeview Park on Aqua Street, just a short walk down Lakeview Promenade to the recently opened Newport Market Place which has a number of restaurants and cafes as well as an IGA, medical centre, and beauty specialist stores.

Coming out of Lakeview Promenade and heading the other way, residents will meet the&nbsp;AFL Sports Complex and Nathan Road Wetland Reserve.

[smartcode_project_cta:default project_id=107206]

Stockland release The Lake Residences with private marina berth at Newport QLD

Having secured one of the most coveted sites within the new Maroochydore City Centre, builder developer Habitat Development Group's The Corso will emerge as one of the most central and prominent structures of the new central business district master plan.

The Corso will comprise 158 two and three-bedroom apartments, with 116 apartments in the South Tower spanning 15 levels and 42 apartments in the North Tower across nine levels.&nbsp;

The street level will feature seven commercial and retail spaces for future retail and cafe options.

[smartcode_project:default project_id=100708 project_image_fid=194875]

The KArchitecture-designed building will rise above the adjacent purpose-built waterway and landscaped parklands of the newly proposed Convention Centre.

Dubbed 'The Bright City,' the new Maroochydore City Centre showcases ground-breaking centrepiece waterways, sustainable transportation options, public parkland, and future retail opportunities over 1500 sqm, promising a more vibrant but cleaner, greener urban experience minutes away from the beach.

Residents will also be spoiled for choice with an eclectic mix of restaurants, cafes, bars, and rooftop night spots, all within walking distance of Ocean Street’s entertainment hub.&nbsp;

[smartcode_project:default project_id=100708 project_image_fid=197260]

The Nautical, SOKA, Pumi's Kitchen, Elixiba Sunshine Coast, Solbar and La Canteena Alleyway Bar are some of the highest-rated spots in this vicinity. A six-minute drive from The Corso is Sunshine Plaza, Maroochydore's central shopping hub. That has a Woolworths, Coles, Kmart and BCC Cinemas. The popular Aerodrome Road is a 12-minute walk from The Corso, with more dining and retail options.

Beyond the retail and entertainment choices, the proximity to parklands, rivers, and beaches offers an enviable and idyllic lifestyle to residents.&nbsp;

Residents can explore the beauty of Maroochydore's coastline, with beaches just a four-minute away. There's also nature opportunities at the nearby Maroochydore Rotary Park and Cotton Tree Pier, as well as the scenic drives through the hinterland.

[smartcode_project:default project_id=100708 project_image_fid=207656]

The proximity of the Sunshine Coast Airport, the planned sustainable environmental travel options and existing strategic road networks ensure that residents can venture further afield easily if they decide on a change of scene.&nbsp;

The Sunshine Coast boasts one of Australia's largest current health infrastructure assets and an impressive choice of education options.&nbsp;The Maroochydore State School, Immanuel Lutheran College and Maroochydore State High School are all less than 1.5 kilometres from The Corso.

The Corso is undergoing construction, with estimated completion in the third quarter of 2024.

[smartcode_project_cta:default project_id=100708]

The KArchitecture-designed building will rise above the adjacent purpose-built waterway and landscaped parklands of the newly proposed Convention Centre

The heart of the new Maroochydore CBD: How The Corso will offer the best of the Sunshine Coast

<a href="/developers/fabcot" target="">Fabcot</a>, the development arm of Woolworths Supermarkets, is seeking to flip their development approved mixed-use site in Brisbane Kangaroo Point

The project was <a href="/news/qld/woolworths-green-lit-for-expanded-mixed-use-kangaroo-point-development">given the green light in August</a>&nbsp;after Fabcot amended plans following their acquisition of the site next door.

Their initial plans were for a 10-storey residential tower with 53 apartments, above a full-line Woolworths supermarket and three levels of parking. That was granted approval in December 2021.

Then they acquired&nbsp;an additional 149 sqm lot at 14 Prospect Street in January 2021,&nbsp;<a href="/developers/fabcot" target="">Fabcot</a>&nbsp;sought to modify the existing approval to accommodate the new purchase and create a larger and more extensive development.

<h4>Read more:&nbsp;<a href="/news/qld/first-look-woolworths-plot-larger-kangaroo-point-mixed-use-apartment-and-retail-development">First look: Woolworths plot larger Kangaroo Point mixed-use apartment and retail development</a></h4>

<a href="/developers/fabcot" target="">Fabcot</a>'s land package now spans a total of 3,197 sqm with frontages along Ferry, Prospect, and Deakin Streets, with part of the land reserved for potential future road widening.

<img alt="Woolowrths" data-entity-type="file" data-entity-uuid="25940ad6-6ea3-4234-8d12-641c6715ef93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-30%20at%208.04.58%20am.png?VersionId=YGK1mNxdCz3_xrakvvz8g.3sWYI3Ta6r" />

Plans are now approved for a&nbsp;17-storey building with 130 apartments. There will be seven one-bedroom apartments, 75 two-bedrooms, 44 three-bedrooms, and four four-bedroom apartments.

Amenities for the development will comprise a rooftop pool, gym, and outdoor barbecue space with seating. Around 2,600 sqm of space has been allocated for commercial use, allowing for a larger supermarket than initially proposed. The supermarket will now resemble a full-line store, catering to the needs of the Kangaroo Point community while adhering to a similar building footprint.

It was advised to the Brisbane City Council that the development would take place in two stages.

The first stage encompasses four basement levels (one more than originally approved), ground-level retail and commercial space, and rooftop services such as plant rooms and the condenser deck. The second stage will involve floors one to 15, along with the rooftop area, which will feature a garden, pool, barbecue area, and indoor gym.

Colliers has the listing. Woolworths already has in place the entire retail strata lease with an initial lease of 10 years and&nbsp;10 x 5 year options.

The project was given the green light in August after Fabcot amended plans following their acquisition of the site next door.

Woolworths development arm Fabcot list approved Kangaroo Point apartment development site

Developer Bensons Property Group's <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>&nbsp;is going to be the tallest tower <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> may ever see when it completes in mid-2025.

Cost of land and construction costs all but make it a certainty Chevron One's 41 levels won't be repeated on the island which has become incredibly popular with locals and interstate buyers due to the convenience of <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a> just over the bridge, but also the fact it's just outside of the hustle and bustle Surfers brings.

[smartcode_project:default project_id=6515 project_image_fid=68833]

Just minutes from <a href="/new-apartments/surfers-paradise-qld-4217">Surfers Paradise</a> and the new arts and cultural precinct, <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a> residents will savour a village-like atmosphere yet an urban lifestyle experience.

Thomas Drive on <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> features famous local cafés, bars, al fresco dining and a diverse range of restaurants across multiple cuisines.&nbsp;

Curry Muncher, Wagyu-Ya, Arlo's Pizzeria, Casa Brasil, The Balkan Est and The Noodle House are some of the highest-rated cuisine dining spots along Thomas Drive.

[smartcode_project:default project_id=6515 project_image_fid=215811]

Within an 11-minute walk west of the property, residents will find <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> Park overlooking the Nerang River and the Southport Golf Club. Surfers Paradise Beach is only 800 metres away in the other direction.

Surfers Paradise Boulevard and Cavill Avenue host a lively retail and dining precinct that leads to the Surfer Paradise Esplanade and the beachfront.

Cavill Mall is home to the usual indulgences, including Baskin-Robbins and Gelatissimo, along with a range of fast-food and cuisine options.

The HOTA precinct, located across <a href="/new-apartments/chevron-island-qld-4217">Chevron Island</a> to the south 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.

[smartcode_project:default project_id=6515 project_image_fid=215812]

Families can conveniently enrol their children in nearby schools, with Surfers Paradise State School, The Southport School, and Keebra Park State High School, all situated within two kilometres of the property.

Residents also have access to essential healthcare and educational facilities via the Light Rail to the Health and Knowledge Precinct—home to Griffith University, Gold Coast University Hospital, and Gold Coast Private University Hospital.

Architecturally influenced by the natural shapes and textures of the coastline, The Marchese Partners-designed <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a> is currently under construction by ICON. Completion is expected in mid-2025.

[smartcode_project_cta:default project_id=6515]

Just minutes from Surfers Paradise and the new arts and cultural precinct, Chevron One residents will savour a village-like atmosphere yet an urban lifestyle experience

How Chevron One fits into the Chevron Island village landscape 

The laid-back atmosphere and the closeness to Gold Coast's best beaches, national parks and family-friendly areas continue to attract homebuyers to Burleigh Heads, one of Queensland's most sought-after coastal communities.

21 Property Group met the demand with the Burleigh Beach Houses, a&nbsp;limited collection of four-bedroom townhouses, each offering an oversized 330 sqm of living space spread across three levels.

[smartcode_project:default project_id=141528 project_image_fid=220051]

The beach houses capture the relaxed yet refined essence of Burleigh Heads with its understated weatherboard and rendered façade softened by lush greenery cascades from the garden beds above—symbolic of the surf, sand and national parks of Burleigh.

The location is one of the key components of Burleigh Beach Houses. It's ideally located to be just a five-minute walk from&nbsp;highly rated restaurants, bars and cafes, such as The Little Plate, Street Corner Espresso, Commune Cafe, and Crispy Italian Bar.

Heading five-minutes south of the townhouses, residents can shop their produce at the Village's Market and Burleigh Farmers Market every Saturday. The Burleigh Heads State School is also conveniently located in this vicinity.

[smartcode_project:default project_id=141528 project_image_fid=220042]

Across the street, residents can conveniently grab a snack from Pie Pie on their way to The Esplanade, which is just 550 metres away, or enjoy the cosmopolitan James Street cuisine scene approximately 900 metres from the property. Two kilometres further south lies the Stockland Burleigh Heads Shopping Centre, located in the industrial precinct of the suburb.

Directly across the road from Burleigh Beach Houses are the 700 and 765 bus stop routes, providing a convenient half-hour commute north to the Broadbeach South Station.

Beyond the dining and shopping convenience, Burleigh Beach Houses is surrounded by abundant natural features.&nbsp;

The iconic Burleigh Beach shoreline is just a short walk away. At the same time, for hiking enthusiasts, the Burleigh Ridge Park and Burleigh Head National Park offer various trails like the Rainforest Track, Ocean View Lookout Track, and Ocean View Track within a 10-minute drive.&nbsp;

For a more relaxed experience, families can ride their bikes to Burleigh Lake, where parents can enjoy a steaming cup of espresso at Lakeview Espresso or a picnic with the whole family at Lake View Park.

Construction completion of Burleigh Beach Houses is slated for the second quarter of 2024.

[smartcode_project_cta:default project_id=141528]

Burleigh Heads is one of Queensland's most sought-after coastal communities

Laidback coastal luxury: How Burleigh Beach Houses offer the best of Burleigh Heads

In as little as three weeks, South East Queensland apartment developer Mosaic Property Group has secured $100 million in sales at its new luxury Burleigh Heads apartment development, Isabel by Mosaic.

Isabel, designed by Koichi Takada Architects, is part of Mosaic's Masterpiece Series, and sits on a prime site at 96 Esplanade which was bought from David Calvisi's Forme Development.

Mosaic's registered VIP database snapped up a number of the three and four-bedroom apartments well ahead of the public release. There's been local and interstate buyers so far, with prices ranging between $4.5 million and $10 million.

There's just 28 apartments across the 17-level, $160 million building, a mix of half-floor and full-floor residences, including sky homes and two split-level penthouses, each with their own private rooftop pool.

[smartcode_project:default project_id=99968 project_image_fid=229001]

The living spaces span up to 482 sqm in the apartments. Each apartments will offer uninterrupted ocean and headland views. In the building are a number of hotel-style amenities, such as a swimming pool, gymnasium, steam room, sauna, and outdoor lounge area.

Mosaic will also roll out a virtual concierge at Isabel.

Mosaic's building arm, Mosaic Construction, has already kicked off early construction works. They're targeting a late-2025 completion.

[smartcode_project:default project_id=99968 project_image_fid=229000]

Mosaic's Founder and Managing Director, Brook Monahan, says the&nbsp;overwhelmingly positive reception to Isabel is very pleasing and humbling.

"The rapid and enthusiastic response from our database so soon into its exclusive pre-release stage reflects their trust in us and our brand," Monahan says.

"A dedication to delivering on our promises and raising the bar for luxury living has always been at the core of what we do, and Isabel embodies this ethos in every way."

[smartcode_project:default project_id=99968 project_image_fid=229005]

Monahan says Isabel represents a harmonious blend of innovative design, exceptional quality and uncompromising functional luxury in one of the best locations on the east coast of Australia.

"We don't just create beautiful homes; we aim to craft unique and desirable living experiences that, like our buildings, will stand the test of time. Our team is committed to always going the extra mile to ensure every detail exceeds the highest expectations and that every client is treated with the utmost care and respect."

Isabel marks Mosaic's 11th luxury Gold Coast release in less than five years, with a combined value of well over $1 billion. It is Mosaic's fourth Burleigh Heads release, after the award-winning Grace by Mosaic ,completed in early 2023, Augusta by Mosaic, and the Masterpiece Series address Florence by Mosaic, both due for completion in mid-2024.

A range of opportunities remain at Isabel, with pricing starting from $4.5 million.

"In the world of ultimate coastal beachfront living, opportunities like Isabel are rare gem," Monahan added.

"They just don’t come along very often in terms of beachfront land in such unique and highly sought-after locations like Burleigh Heads."

[smartcode_project_cta:default project_id=99968]

There's just 28 apartments across the 17-level, $160 million building, a mix of half-floor and full-floor residences

Mosaic secure quick $100 million in sales at Isabel by Mosaic, Burleigh Heads

Chester &amp; Ella, one of Newstead's newest apartment developments, offers its residents the best of both worlds - exclusive amenities within its walls and endless entertainment just beyond its doorstep.&nbsp;

The completed two-tower complex by national apartment developer Kokoda Property, which is all sold out but the Penthouse Collection, is ideally located at 7 Chester Street, a stone's throw from the likes of James Street Market, Gasworks Plaza and the popular Calile Hotel.

[smartcode_project:default project_id=141571 project_image_fid=218472]

There are just a handful of penthouses remaining at Chester &amp; Ella. Each have four bedrooms, four bathrooms and four parking spaces, and start from around 260 sqm.

The penthouses have a big focus on outdoor living. Sliding doors from the open plan kitchen, living and dining area open the apartments to a large entertaining terrace, extending the living space. The terraces have built-in outdoor kitchens set in sub-tropical landscaping.

[smartcode_project_cta:default project_id=141571]

Beyond the penthouse, residents are within walking distance from designer boutiques to numerous dining options. Whether indulging in Nodo's guilt-free pleasures or exploring the cultural treasures at QAGOMA, Newstead promises many lifestyle, commercial, education and entertainment hubs.

James Street Market, a fresh produce, dining, and homewares retail pavilion, is 400 metres from Chester &amp; Ella, offering residents a variety of fruits and vegetables, pastries, meat, and seafood options all in one place.

[smartcode_project:default project_id=141571 project_image_fid=218473]

The nearby shopping and dining precinct Gasworks Plaza offers even more stylish choices of restaurants and cafes, combining boutique retailers with a fresh produce market and gourmet restaurants.

Newstead seamlessly merges culture, entertainment, and lifestyle with tranquil parklands and tree-lined streets. Chester &amp; Ella residents are just one stop from the Brisbane Riverwalk and a walk from Teneriffe Park.

Connectivity is also key at Chester &amp; Ella. There are a number of bus stops on Ann and Chester Street, while the&nbsp;Fortitude Valley train station is around 1.3 kilometres away, providing easy access to the city's rail network. The Teneriffe Ferry Terminal, 1.1 kilometres away, also offers alternative transportation to and from the area.&nbsp;

[smartcode_project:default project_id=141571 project_image_fid=218476]

As the largest non-CBD white-collar office market in Australia, the rapid growth rate of Newstead Commercial Precinct has attracted several national and international companies to establish offices and headquarters in this extension of the CBD.&nbsp;

Professionals, singles and more young families come to Newstead for these work opportunities and proximity to lifestyle amenities. With excellent schools such as New Farm State School, All Hallows' School, Torrens University Australia, and the University of Queensland within 500 metres of Chester &amp; Ella, families have access to quality education right at their doorstep.

Beyond the urban buzz, the area hosts numerous festivals and cultural events, adding yet another charm to Newstead's tapestry. The Gasworks Lorna Jane Festival, Brisbane Comedy Festival, Laneway Music Festival, New Farm Moonlight Cinemas, and James Street Resort Festival are just a few of the vibrant events hosted in the area.

[smartcode_project_cta:default project_id=141571]

There are just a handful of penthouses remaining at Chester & Ella. Each have four bedrooms, four bathrooms and four parking spaces, and start from around 260 sqm

Unparalleled amenities and endless entertainment at Kokoda's Chester & Ella, Newstead apartment development

South East Queensland’s housing market is set to buckle under the pressure of a 52 per cent increase in annual dwellings needed to accommodate an estimated population boom of two million new residents by 2046.

That's the stark reality facing the growing region of Queensland, according to the latest RPM SEQ Market Update.

The report, which zeroes in on the South East Queensland Regional Plan’s estimates that 863,600 new dwellings are needed by 2046 – or approximately 34,500 homes a year – to meet the estimated population growth, concludes that the recently released Draft SEQ Regional Plan by the state government does not provide the framework to meet this target.

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The RPM report notes that South East Queensland historically averages around 22,778 residential lot registrations per year and, of that number, units made up 40 per cent, adding that if the region is to meet the housing demand target, a substantial 52 per cent increase in the production of new dwellings is needed.

While the SEQ Regional Plan has intensified its focus on building up rather than out, RPM’s Queensland Managing Director Clinton Trezise says high-density infill projects within the urban footprint are struggling to stack up as an affordable option due to a blowout in construction costs.

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“Historically, Queensland has not been able to achieve the level of construction needed to meet the future demand for housing,” Trezise said,

“The closest we have ever come is 33,821 new dwellings built in the 2017 financial year when Brisbane was experiencing an apartment boom. With the cost pressures on high-rise apartments not going away any time soon, going up rather than out is not going to provide the needed supply and certainly not affordable supply of new dwellings.”

“This massive shortage of supply has fed into significantly higher prices for vacant land over the past financial year, with the median settled land price across the region surging 12 per cent to $340,000,” said Mr Trezise.

Logan emerged as the dominant land provider in the market, accounting for one-third of all settled sales last financial year with the 1,323 sales recorded surpassing all other local government areas.&nbsp;

Ipswich accounted for 15 per cent of sales, followed by Brisbane (12 per cent), Sunshine Coast and Moreton Bay (at 11 per cent each).&nbsp;

The Gold Coast, with limited land supply, represented only 3 per cent of the total land sales for the year.

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The RPM report has found land prices have grown rapidly in regional areas due to supply constraints, defying the market headwinds from higher interest rates.

Trezise said supply issues were proving to be counter-productive in enhancing affordability in regional areas of South East Queensland.

“The government and councils need to facilitate more land for greenfield developments if the affordability issue is to be addressed,” he said.

“Unfortunately, this is at odds with the latest SEQ Regional Plan which has increased the emphasis on high-density infill developments throughout the region.”

The Draft 2023 SEQ Regional Plan has shifted its dwelling growth ratio from 60/40 in 2017 (60 per cent in infill areas and 40 per cent in greenfield areas) to 70/30 in 2023.&nbsp;

“While there is merit in this strategy to leverage off existing urban infrastructure, especially in Brisbane with the level of public infrastructure being provided for the Olympic Games, this should not be a one-size-fits-all approach,” said Mr Trezise.

The 70/30 ratio mirrors the urban development policies of Sydney and Melbourne, but according to the RPM Report this approach will fail to address the short-term and medium-term supply issues faced by the South East Queensland region.

“Land is not getting developed fast enough by the current SEQ Regional Plan with complex approval processes, land constraints and lack of needed infrastructure meaning seemingly developable land cannot be unlocked to facilitate supply or simply supply cannot be developed fast enough,” said Mr Trezise.

“The reality is that adequate affordable supply is not going to come from apartments because of the cost constraints to build and affordability to buy are impacting the sector.

“While the ‘build up rather than out’ approach aims to maximise existing infrastructure for new housing, historically, the heavy lifting for new housing supply in South East Queensland traditionally has been done by greenfield land developments.

“South East Queensland currently needs to increase the output of dwellings by 52 per cent to meet demand. The only way to meet this demand quickly, and to address affordability, is to release more land.”&nbsp;

Trezise said more greenfield developments with smaller lot sizes can deliver a diversity of product, such as townhouse and terrace homes on smaller land sizes in the low to mid-$500,000 range.

“The clear message from the data in this report is that affordable housing is becoming less affordable because of restrictions on supply,” he said.

“The current lack of infrastructure in place to keep up with demand means we currently lack the horsepower required to increase land production to the extent that is needed. The state government needs to step in and open up more land for housing while looking at the infrastructure requirements to ensure it can be developed.”

Dwelling supply needs to double to accommodate two million people by 2046

A shortfall in housing in South East Queensland good news for off the plan buyers

National apartment developer Kokoda Property has received development approval for its multi-residential project, Ruby Ruby, in the heart of Brisbane's Milton.

The 21-storey apartment development at 12-18 Crombie Street comprises 144 two and three-bedroom&nbsp;apartments, including a number of luxury penthouses.

The apartments start from 65 sqm and range in size to 155 sqm. They start from $654,000 and run to $2,495,000.

[smartcode_project:default project_id=139032 project_image_fid=231172]

The Ruby Ruby Penthouse Collection offers six sub-penthouses and two master-penthouses ranging from 188 sqm to 392 sqm. They start from $3.75 million.

To bring this vision to life, Kokoda Property collaborated with their longtime partner&nbsp;Cottee Parker Architects, as well as Carr&nbsp;for the sub and master penthouse interior design.

The project’s architecture blends modern aesthetics with a nod to Brisbane’s subtropical climate and Milton’s cotton production history, with elements reminiscent of woven textures, lightweight and flowing forms, and the use of natural materials.

[smartcode_project:default project_id=139032 project_image_fid=231170]

Kokoda Property Founder and Managing Director, Mark Stevens, said that he is excited for Ruby Ruby to play a leading role in such a robust 
Brisbane property market.

“Brisbane is rapidly transforming into a new world city; its culture, business centre, technology, and lifestyle is evolving with over $40 billion of infrastructure investment planned, so naturally there is a shift occurring with demand now skewed towards sophistication and luxury residential design," Stevens said.

“Ruby Ruby is packed with an incredible range of extensive amenities that offer buyers an elevated luxury apartment living experience in Brisbane."

[smartcode_project:default project_id=139032 project_image_fid=231170]

Ruby Ruby amenities include a large rooftop infinity pool with thoughtfully landscaped BBQ space and deck, floating daybeds and cabanas, fire pit, elegant private dining and bar, a state-of-the-art private cinema lounge, billiards room, versatile meeting rooms, dog wash as well as a rejuvenating health and wellness space with sauna, spa, plunge pool, yoga studio and a fully equipped gym.

Ruby Ruby’s appointed builder announcement is anticipated for Q4, 2023 with construction commencing Q1 2024, and tracking for completion in Q4 2025.

[smartcode_project_cta:default project_id=139032]

The 21-storey apartment development at 12-18 Crombie Street comprises 144 two and three-bedroom apartments, including a number of luxury penthouses.


Kokoda prepare launch of Ruby Ruby, Milton apartment development after green light

The Melbourne-based developer Little Projects has secured approval for its redesigned its Broadbeach apartment tower Aperture, which had been knocked back at council.

Now unnamed, the project&nbsp;at 20 Mary Avenue, on the border of the Broadbeach State School, has been successfully redesigned by Plus Architecture following initial designs by Elenberg Fraser which were refused.

They've cut it in half from its 34 levels to just 18, and created a more curved facade.

<a data-entity-type="" data-entity-uuid="" href="/new-apartments/broadbeach-qld-4218"><img alt="First look: Little Projects redesign luxury Broadbeach tower to meet council pushback" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-18%20at%208.46.01%20am.png?VersionId=ncLyeEvmWBG7NpCI5vbRiqHwbpgBteQi" /></a>

It will still be as high-end as it was previously, just with fewer levels and apartments. Instead of 29 full floor and double-storey apartments, it will now be 17 full-floor apartments across 18 levels.

Level one will still home the resident facilities. There will be a pool, spa, barbecue area, and a gym with sauna and steam room.

From levels two to 18 will be 17 full-floor apartments, with three bedrooms each across its 158 sqm floorplate. There will be a further 13 sqm of balcony.&nbsp;

<a data-entity-type="" data-entity-uuid="" href="/new-apartments/broadbeach-qld-4218"><img alt="First look: Little Projects redesign luxury Broadbeach tower to meet council pushback" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aperture.jpg?VersionId=qKgruOANowoiDwi13BEtM5.JQiH6Hxhv" /></a>

The new plans for 20 Mary Avenue, left and right, and the former plans, centre

Little Projects, headed by Paris Lechte and Leighton Pyke, have had success in Broadbeach before, selling out their nearby development Signature before it was completed.

They also have a development application sitting nearby for another high-end tower at 118 Old Burleigh Road. Expected to be in a joint venture with fellow Melbourne developer R.Corp, they are wanting to develop 33 apartments across&nbsp;37 levels on the corner of Old Burleigh Road and Australia Avenue.

<a data-entity-type="" data-entity-uuid="" href="/new-apartments/broadbeach-qld-4218"><img alt="First look: Little Projects redesign luxury Broadbeach tower to meet council pushback" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-18%20at%209.22.32%20am.png?VersionId=9ToZ2k3HNZ4xvIe2m5ISWSUCW5hgg_lr" /></a>

It will tower over the neighbouring Ocean Royale and Boulevard Tower, which are 16 and 17 levels respectively. They are also more focused on short-term accomodation apartments, whereas the new project, dubbed One Australia, will be another by Little Projects targeting the high-end owner-occupier.

<a href="/news/dko-architecture-on-the-changing-face-of-hotel-design" target="">DKO Architecture</a>&nbsp;has put forward the designs for the slender tower, which will have full floor apartments, with 218 sqm of living space, from level two to level 33. Above will be a three-level penthouse with its own rooftop pool.

Little Projects, headed by Paris Lechte and Leighton Pyke, have had success in Broadbeach before, selling out their nearby development Signature before it was completed

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