<a href="https://www.apartments.com.au/developers/hyecorp-property-group">Hyecorp</a> has completed construction of Audrey, its parkside apartment development in St Leonards South, becoming the first residential project within the St Leonards South Precinct to reach completion.

Residents are expected to begin moving into the Canberra Avenue development at the end of June, making Audrey the first opportunity for buyers to take up residence within the emerging precinct.

Positioned at the highest point on Canberra Avenue, directly opposite Newlands Park, the project enjoys protected parkland outlooks and district views that cannot be built out as the precinct continues to evolve.

Unlike many of the larger developments planned across St Leonards South, Audrey comprises just 102 residences, making it one of the more boutique offerings within the precinct. The smaller scale has enabled Hyecorp to place a strong focus on owner-occupier design, resident amenity, and long-term liveability.

[smartcode_project:default project_id=110379 project_image_fid=368333]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, Audrey comprises a mix of three-bedroom apartments and a double-storey five-bedroom townhouse, with many residences positioned to capture views toward the Sydney CBD and Harbour Bridge. The project has been underpinned by a strong focus on design continuity, with Hyecorp working alongside interior designers <a href="https://www.apartments.com.au/interior-designers/jackson-teece">Jackson Teece</a> and landscape architects <a href="https://www.apartments.com.au/landscape-architect/site-image">Site Image</a> to shape both the private residences and shared amenity spaces.

<a href="https://www.apartments.com.au/buildings/audrey-st-leonards-13-19-canberra-avenue-st-leonards-nsw-2065">Audrey</a>’s interiors feature open-plan layouts, floor-to-ceiling glazing, oak timber flooring, bespoke joinery, and large-format stone finishes throughout the kitchens and bathrooms. Integrated Miele appliances, brushed metal tapware, and concealed cabinetry detailing were specified across the residences, reflecting Hyecorp's emphasis on quality and owner-occupier appeal.

The upper levels of the building are home to the Tiffany Collection, a premium offering occupying Levels 12 to 15. The residences include upgraded appliance packages, fluted standalone bathtubs, heated bathroom flooring, custom walk-in robes, and larger internal layouts ranging from 155 to 159 sqm.

[smartcode_project:default project_id=110379 project_image_fid=367164]

Backed by a 30-year legacy, Audrey reflects the experience of Hyecorp, an Australian family-owned developer with an award-winning track record across Sydney. As locals, Hyecorp understands the needs of local communities, creating homes and precincts designed for long-term liveability, connection, and lifestyle.

Despite its boutique scale, Audrey delivers an extensive suite of amenities typically associated with much larger developments. Residents have access to an indoor lap pool and spa, personal training studio, private cinema, music room, rooftop entertaining terrace, residents lounge, and private dining room overlooking the Sydney skyline.

The rooftop terrace and communal lounge spaces were conceived as extensions of residents' homes, supporting a lifestyle-focused environment that encourages wellbeing, flexibility, and community connection.

The project also incorporates a ground-floor café and an integrated daycare centre, adding to the growing mixed-use character emerging across the St Leonards South precinct.

[smartcode_project:default project_id=110379 project_image_fid=198680]

Audrey arrives as <a href="https://www.apartments.com.au/developments/st-leonards-nsw-2065">St Leonards</a> continues its transformation into one of Sydney's most strategically located urban renewal areas. The precinct's proximity to Royal North Shore Hospital and the broader health, research, and commercial corridor has made it increasingly attractive to medical professionals, healthcare workers, and owner-occupiers seeking housing close to employment and transport infrastructure.

Residents are within walking distance of St Leonards Station and the Crows Nest Metro, while nearby retail includes Mall 88, Forum Plaza, Woolworths, and the recently opened Coles supermarket. Nearby green spaces including Newlands Park, Gore Hill Oval, and Naremburn Park further reinforce the area's lifestyle appeal.

As the first completed project within the precinct, Audrey demonstrates the direction of St Leonards South's evolution, combining higher-density living with generous amenity, strong transport connectivity, and access to green space.

A limited collection of premium residences remains available, including spacious three-bedroom apartments, a four-bedroom townhouse and a selection of penthouses.

[smartcode_project_cta:default project_id=110379]

mikah.m@urban.com.au

Hyecorp completes Audrey, first project to welcome residents in St Leonards South Precinct

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

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>

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Ellen Walker

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

<a href="/developments?title=st+lucia">St Lucia</a> is set to receive an injection in architecture, with Contreras Earl putting together plans for five striking apartments near Perin Park.

A private developer, who bought 122 Gailey Road, an original post-war home on 810 sqm earlier this year for $1.78 million, is seeking to create the row of what are more like townhouses that apartments, each with three bedrooms across four levels.

In their submission to the Brisbane City Council,&nbsp;Contreras Earl said the&nbsp;site presents a great opportunity to create a landmark building that will be integrated with the natural landscape of its surroundings.

"The building design responds to multiple parameters such as orientation, context, topography, environment, user and community. The connection between the building and the site was of primary importance driving the design process."

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="ddfc30ed-2b8e-45b2-8a8b-44a91a31a24f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.43.12%20am.png?VersionId=HbEVYU8yW8b7IrN2OXPQA99B9cHU5QBN" />

They said the intent&nbsp;is to feel that the building has always been part of the site and is intended to look like a natural rock formation.

"The building achieves an interesting relationship between solidity and transparency which reinforces its directionality and the material selection of warm concrete, aluminium, stone and translucent glass mixed with the landscape layout plays also a very important role in blending the building with the natural character of its context.

"The result is a unique architectural expression that will create unique experiences for its users and the surrounding community.

"Architecture needs to inspire, give hope about the future and create a special connection with people and that’s what this building will intend to do. This new landmark building will be a new architectural asset for the urban fabric of St. Lucia and of the city of Brisbane."

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="1c16f7a2-3f86-4460-a191-37aefbb9841f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.43.00%20am.png?VersionId=CIfiozIODOqZRpY6Hfoci2bE35bdlldi" />

Each townhouse has a garage on the ground level, with a storage room, laundry, and a multi-purpose room.

The living, kitchen and dining sits on level one, an extends to a wide balcony. Level two homes three bedrooms, the masters with walk-in wardrobes and ensuites. The two end townhouses have a built in study nook, while the middle three have a home office room.&nbsp;

Every townhouse has a rooftop deck with a plunge pool and alfresco dining area.

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="6c094a20-72b2-4a4a-acc4-f333e253b797" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%209.04.06%20am.png?VersionId=Hvs4I.FCF29xJPR8rEALVnx0aTeZIRRe" />

"[There's] a unique rooftop terrace which will make these buildings special, the terrace gives each of the dwellings a special connection with the context where people can take advantage of the beautiful and peaceful views of the Brisbane city and Mount Coo-tha," Contreras Earl added.

Families are likely to show interest given the size and the location as the address falls into catchment for the highly sought-after Ironside State School.

St Lucia is well known for its new and off the plan developments. The most recent was <a href="/buildings/160-macquarie-160-macquarie-street-st-lucia">160 Macquarie Street</a> by <a href="/developers/qm-properties" target="">QM Properties</a>, which completed earlier this year. That was St Lucia's first riverfront residential development in more than a decade.

The 33 Rothelowman-designed apartments, built by McNab, sold out before construction completion. They were 80 per cent sold before construction even began.

Read more:&nbsp;<a href="/news/qld/construction-starts-on-160-macquarie-st-lucias-first-riverfront-apartments-in-a-decade">Construction starts on 160 Macquarie, St Lucia's first riverfront apartments in a decade</a>

In their submission to the Brisbane City Council, Contreras Earl said the site presents a great opportunity to create a landmark building that will be integrated with the natural landscape of its surroundings.

First look: Architectural apartments set for St Lucia

National developer <a href="/developers/fortis">Fortis</a> is set to put its luxury footprint into Brisbane's high-end apartment market after getting the green light for their whole-floor Kangaroo Point apartment development, <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">River House by Fortis</a>.

They acquired the prime 1,196 sqm riverfront site at&nbsp;<a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">44 O'Connell Street</a>, from&nbsp;architect-turned developer&nbsp;<a href="/architects/joe-adsett-architects" target="">Joe Adsett</a>, earlier this year.

Fortis had Plus Architecture tweak the plans and create a <a href="/new-apartments/river-house-by-fortis-kangaroo-point-44-oconnell-street-kangaroo-point">14-level tower with full-floor apartments</a>.

They will each span 260 sqm of internal space and a further 40 sqm of river-facing balcony which will&nbsp;capture east-to-west views from Bulimba to the Story Bridge and Brisbane City.&nbsp;

The only exception is the penthouse, which has the same floorplan internally as the other apartments, but it has a private rooftop terrace with a swimming pool.

Each apartment will have three bedrooms and a multi-purpose space.

The resident amenity is on the ground floor, which will include a gym with a sauna, a riverfront pool, and a grassed lawn, all oriented toward the river where there will be a pontoon with private mooring.

<a href="/architects/plus-architecture" target="">Plus Architecture</a>&nbsp;broke the design concept down into four sections; the cliff top, the cliff, the riverbank, and the river.

<img alt="Exclusive first look: Fortis propose full floor apartments at first Brisbane apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Kangaroo%20Point.jpg?VersionId=N7Zt3iLpeRnJGh.Hj3b9EZtDeDpZzGPj" />

They said their design prioritises capturing breathtaking views through thoughtful building orientation.

Given the site setback from the street and the street frontage being blocked by the development to the west, we have focused on treating the river as the main public frontage,"&nbsp;<a href="/architects/plus-architecture" target="">Plus Architecture</a>'s Director Danny Juric said.

"The design incorporates panoramic views of the scenic New Farm area and the serene Brisbane River, fostering a strong connection to nature.

"The living area and master bedroom will be gain glimpses of the the iconic Story Bridge over the river. Views of the vibrant cityscape to the west create a dynamic and engaging backdrop."

Brisbane's subtropical climate was also taken into consideration during the design process, as Plus sought to target solar heat control and cross ventilation.

"The building itself is orientated in response to Brisbane’s climatic conditions," Juric said.

"As the apartments are full-floor, each unit is designed to embrace the elements and reduce reliance on artificial energy sources.

"The simple architectural form comprises of horizontal eaves to provide shading on the north, east and western facades,&nbsp;precast panels&nbsp;are introduced strategically to block unwanted sun, and vertical fins are proposed to provide shading and screening to apartment living areas."

<img alt="Exclusive first look: Fortis propose full floor apartments at first Brisbane apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-31%20at%201.38.05%20pm.png?VersionId=uXLQ2ztoWsrUsK0mohJVOOmYcOxivB1b" />

On securing both the Kangaroo Point site and a commercial site in Newstead,&nbsp;<a href="/developers/fortis" target="">Fortis</a>&nbsp;Director Charles Mellick said launching in Brisbane was natural progression for the company after their success in premium projects in Sydney and Melbourne. 
​ 
“Our project in&nbsp;Kangaroo&nbsp;Point is a rare offering, this being an absolute riverfront site with no public parklands or roads in front of it.

"The timing is right as we see record-breaking activity in the off the plan luxury market in Brisbane, alongside record prices being achieved in square metre rates.

Fortis Associate Director Don Boman said the team are excited to bring&nbsp;the same level of quality and reputation synonymous with their Sydney eastern suburbs projects to the remarkable destination.

Fortis acquired the prime 1,196 sqm riverfront site at 44 O'Connell Street, from architect-turned developer Joe Adsett, earlier this year

Fortis prepare launch of River House, Kangaroo Point apartments, after council sign off

Luxury builder developer <a href="/developers/luxcon-group">Luxcon Group </a>is bringing one of the most impressive towers the <a href="/developments/gold-coast-qld">Gold Coast's</a> most elite beachfront strip, Garfield Terrace.

The project, <a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise">Escape</a>, is <a href="/developers/luxcon-group">Luxcon</a> Managing Director Ilya Melnikoff's first project on the <a href="/developments/gold-coast-qld">Gold Coast</a> off the back of significant mixed-use developments in Sydney and Melbourne.

<a href="/developers/luxcon-group">Luxcon</a> acquired the site after negotiating with 12 unit owners to amalgamate the 1011 sqm site at 63-65 Garfield Terrace in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

[smartcode_project:default project_id=113448 project_image_fid=206730]

The PBD Architects-designed <a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise">Escape</a> will rise to 35 levels with a unique diamond truss design, accommodating a boutique collection of just 31 whole-floor apartments starting from nearly 300 sqm.

The apartments come in two configurations: a three-bedroom and four-bedroom plus multi-purpose room. They are priced from $6,125,000.

There are also two double-storey penthouses, which will take up two full floors each.

[smartcode_project:default project_id=113448 project_image_fid=221791]

A diamond truss at the podium level and different textures and colours emphasise the tower's taper and set it apart from the neighbouring mid-rise towers.&nbsp;

<a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise">Escape</a> offers a 14-metre ocean frontage with 360-degree Surfers Paradise skyline and beach views South to Coolangatta to each apartment.

Coco Republic have been tasked with the interiors of the apartments which feature&nbsp;grand three-metre-high ceilings,&nbsp;bespoke joinery, and marble and timber flooring.

Living areas will feature fireplaces and lead to large, ocean-facing balconies.

[smartcode_project:default project_id=113448 project_image_fid=221793]

Expansive gourmet kitchens will be well-appointed with Swiss-made V-Zug appliances, adjoining a butler’s pantries and bespoke wine cabinetry.

Extravagant master suites have their full-length balcony, double walk-in robes and large ensuite with under-floor heating and a freestanding bathtub.

Melnikoff said the project is aimed at high-end owner-occupiers looking to move to the coast from NSW, Victoria and Brisbane.

<a href="/new-apartments/escape-surfers-paradise-63-garfield-terrace-surfers-paradise">Escape</a> is slated for completion in late 2025.

[smartcode_project_cta:default project_id=113448]

Luxcon acquired the site after negotiating with 12 unit owners to amalgamate the 1011 sqm site at 63-65 Garfield Terrace in Surfers Paradise

Absolute luxury, absolute beachfront: Inside Luxcon's Surfers Paradise apartment development, Escape

South east Queensland developer Siera Property Group is staking its claim on the Gold Coast with its second sod turn in as many months as it breaks ground on its luxury beachfront development, Pipis, located in Bilinga.

LPS Group has been appointed to deliver the $85 million absolute beachfront development at 303 Golden Four Drive.

The 11-storey mid-rise will deliver 19 residences, comprising 17 half floor apartments and two double storey penthouses, with prices starting at $3.6 million.

Read more:&nbsp;<a href="/news/qld/an-opportunity-not-to-be-missed-why-siera-property-group-couldnt-say-no-to-pipis-bilinga">"An opportunity not to be missed" Why Siera Property Group couldn't say no to Pipis Bilinga</a>

[smartcode_project:default project_id=138311 project_image_fid=217334]

With absolute beachfront access and great connectivity to the Gold Coast, Pipis is primely positioned to benefit those looking for a holiday home and downsizers looking to live a relaxed beachside lifestyle.

As the first sod is turned with piling works already underway, SIERA Founder and Managing Director, Brent Thompson, said the project is anticipated to be completed by March 2025.

“Pipis is a truly unique offering for a premium owner-occupier experience at Bilinga with unrivalled beachside luxury,” Thompson said.

“Our vision is to capture everything special about living on the southern Gold Coast and provide a permanent escape with breathtaking, uninterrupted ocean views.”

[smartcode_project:default project_id=138311 project_image_fid=217336]

Pipis is SIERA’s third tower development on the Gold Coast, with other projects at Chevron Island and Surfers Paradise.

Read more:&nbsp;<a href="/news/qld/siera-kick-off-construction-at-chevron-island-apartment-development-tapestry">Siera kick off construction at Chevron Island apartment development, Tapestry</a>

Ellivo architects have designed three-bedroom floorplans, each with ensuites, and a guest powder room, with most footprints at 279sqm and the largest at 314sqm. The two exclusive double storey penthouses will have an expanded footprint of 446sqm and offer four-bedroom floorplans.

Thompson said early purchasers were eager to jump at the pre-release opportunity to secure a boutique apartment prior to the opening of the sales gallery.

“Sales enquiries are increasing with the mobilisation of the construction team on site, and we have already had strong interest from purchasers looking for a second holiday home at Pipis because of its proximity to Gold Coast Airport and absolute beachfront position,” he said.

“These apartments are also suited to affluent downsizers looking for high-end convenience and a low- maintenance sea-change as this kind of beach access becomes increasingly rare.”

<img alt="Pipis" data-entity-type="file" data-entity-uuid="35622aa8-01c2-48a3-80a4-b02be8a36e5f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-13%20at%203.56.31%20pm.png?VersionId=cn4DpFdB088FeQSjnT7gJEbbX7Wxo0cg" />

Located in the Southern Gold Coasts exclusive pocket of Bilinga, Thompson said the Golden Four Drive strip was becoming a popular spot with multiple projects underway and further regentrification in the neighbouring suburbs of Tugun and Kirra

“Pipis has direct access to a patrolled surf beach, underlined by the Oceanway Bike path, offering great connectivity for Pipis’ future residents,” Thompson added.

“Our niche is identifying undervalued locations that are commencing their ‘coming of age,’ and Bilinga will soon benefit from improvements and upgrades to local services and amenities on its doorstep.”

Pipis is also close to local surf clubs, Southern Cross University, Gold Coast Airport and the Coolangatta-Tweed Heads entertainment precinct.

[smartcode_project_cta:default project_id=138311]

LPS Group has been appointed to deliver the $85 million absolute beachfront development at 303 Golden Four Drive.



Siera Property Group kick off construction at Pipis Bilinga

GURNERTM, in conjunction with joint venture equity partner MaxCap Group, is set to unveil its latest Gold Coast apartment project.

It's more boutique than the four-tower, $1.5 billion Budds Beach development La Pelago, which has notched over $350 million in sales.

This one is in Burleigh Heads, where GURNERTM, led by developer Tim Gurner, has approved plans for an 18-level building with 55 two and thee-bedroom apartments,&nbsp;with a landscaped rooftop deck, pool, and luxury private bookable amenities on a&nbsp;1,017sqm site at 1929 Gold Coast Highway.

Read more:&nbsp;<a href="/news/qld/exclusive-first-look-tim-gurner-lodges-burleigh-heads-apartment-plans">Exclusive first look: Tim Gurner lodges Burleigh Heads apartment plans</a>

The site will add another $150 million to GURNERTM’s pipeline as Queensland and the Gold Coast in particular continue to be of strategic focus for the developer, which has interests in Gold Coast, Brisbane and Port Douglas.

[smartcode_project:default project_id=111880 project_image_fid=200329]

Designed by long-time collaborator of GURNERTM, Warren and Mahoney in collaboration with GURNERTM’s in-house design studio, the Burleigh Heads site will be centred around the concept of a lush, Singaporean landscaped oasis blended with elegant Japanese interior design.

GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of circa $1.5 billion in the past decade.

Joe Vincent, MaxCap’s Director of Direct Investment said; “Our investment portfolio continues to grow in a highly strategic direction. Partnering with groups of the calibre of GURNER is a strong validation for the sophisticated and diligent approach we take with our joint venture partners.”

With approved plans now in place, GURNERTM will look to launch the project in mid-2024.

GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of circa $1.5 billion in the past decade.

GURNERTM Chief Development Officer Robert Clarke said Queensland is a really key strategic focus for the group,&nbsp;in particular Gold Coast and Port Douglas.

[smartcode_project:default project_id=111880 project_image_fid=200328]

“We are watching the market closely and think Gold Coast is at the precipice of another strong market run given the underlying fundamentals of huge international and national migration coupled with the significant under supply of quality apartments in the area," Clarke said.

“We know that Queensland is under immense pressure from unprecedented cost escalation but we are confident in our relationships with our trusted builder partners that we can find an outcome that works for the market and our clients.

“Burleigh Heads is without a doubt one of the hottest locations in Australia, and we are very excited to stamp our signature on it. We have enjoyed working together with Council through a collaborative planning process to land on a great solution for the site.

“The design itself is conceptualised as timeless and enduring for our buyers; a place that sits quietly in its location and celebrates views, fresh air and ultimate luxury."

Joe Vincent, MaxCap’s Director of Direct Investment said their investment portfolio continues to grow in a highly strategic direction.

"Partnering with groups of the calibre of GURNER is a strong validation for the sophisticated and diligent approach we take with our joint venture partners," Vincent said.

[smartcode_project_cta:default project_id=111880]

[smartcode_project:default project_id=111880 project_image_fid=200330]

GURNERTM Chief Development Officer Robert Clarke said Queensland is a really key strategic focus for the group, in particular Gold Coast and Port Douglas

GURNER to push on with Burleigh Heads after green light from council

Sherpa has launched its latest apartment development in their sought-after Perspective series, and another in the equally <a href="/developments/palm-beach-qld-4221">sought-after Palm Beach</a>.

They've already sold half of&nbsp;<a href="/new-apartments/perspective-nexus">Perspective Nexus</a> – a collection of 32 apartments on the prized eastern side of the Gold Coast Highway which allows the project to take in sweeping views over the sand and out across the ocean.

[smartcode_project:default project_id=108324 project_image_fid=232460]

Originally envisioned as a 14-level project, an appeal in August led to a strategic shift in approaching the project with an emphasis on enhanced liveability for owners over quantity.

Read more:&nbsp;<a href="/news/qld/sherpa-revise-plans-for-perspective-nexus-palm-beach-apartments">Sherpa revise plans for Perspective Nexus Palm Beach apartments</a>

The revised plans for <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> now comprises one two-bedroom apartment, 21 three-bed apartments each with a multi-purpose room, and five four-bedroom apartments. Also on offer are two penthouses and three two-level skyhomes with private rooftops.

[smartcode_project:default project_id=108324 project_image_fid=231829]

Perspective Nexus marks Sherpa's third venture in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, following the highly successful Perspective 488 project, which sold out within three months, and its fast-tracked sibling, Perspective Two Sea. Together, these projects achieved a combined sales total exceeding $70 million.

Designed by Hayes Anderson Lynch Architects, every apartment at Perspective Nexus has a spacious living area and home office to address the growing need for work-from-home requirements.&nbsp;

Upper-level apartments with private northeast balconies provide ample solar access and views extending from Currumbin Alley to the Pacific Ocean.

[smartcode_project:default project_id=108324 project_image_fid=232526]

The new plans also reveal a host of adjustments, including adding more than 70 car parks to the site for both residents and visitors – exceeding requirements to ensure owners and their guests have access to ample onsite parking.

<a href="/new-apartments/perspective-nexus">Perspective Nexu</a>s will home an array of luxurious communal amenities, including a dedicated wellness space featuring a magnesium spa, outdoor kitchen, sauna, hot and cold pools, a steam room, and a wellness garden for residents to enjoy the beachside ambience.&nbsp;

Additional amenities and features will include an electric car charging station, individual apartment storage, a car wash bay, a dog wash, and parcel delivery storage, including a cold store.

[smartcode_project:default project_id=108324 project_image_fid=231830]

Sherpa's expansion of the Perspective collection also extends to the north with the sold-out Perspective Broadwater, a development overlooking the esplanade and waterfront of Biggera Waters.&nbsp;

Perspective on Albatross, another one in Sherpa's Perspective collection, is nearing completion in Mermaid Beach.

Construction is planned to start in the first quarter of 2024 and be completed in the third quarter of 2025.

[smartcode_project_cta:default project_id=108324]

Perspective Nexus marks Sherpa's third venture in Palm Beach, following the highly successful Perspective 488 project and its fast-tracked sibling, Perspective Two Sea

Sherpa launch Perspective Nexus, Palm Beach apartments

The <a href="/developments/gold-coast-qld">Gold Coast</a> has experienced a dramatic uptick in apartment sales in positive signs for a market further constrained by supply due to rising construction costs, new data from Urbis has found.

Apartment sales rose to 470 over the third quarter of 2023, from just the 200 registered in the previous quarter.

Urbis Director Paul Riga said&nbsp;the majority of sales were centred around the traditional apartment precincts of <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/broadbeach-qld-4218">Broadbeach</a> and <a href="/developments/main-beach-qld-4217">Main Beach</a> – while the remainder of sales along the <a href="/developments/gold-coast-qld">Gold Coast</a> were limited due to a lack of new projects.

<img alt="Urbis" data-entity-type="file" data-entity-uuid="13951573-f5ee-4e87-bc64-12af4c85fcf4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-10%20at%2010.40.33%20am.png?VersionId=MOu7KN7wEcP9gEWNMXeWgj0BvedzYnp9" />

“What the data tells us quite simply is that the demand for apartments has remained strong, with new developments harnessing the purchasers,” Riga said.

“This is great for the property market, underpins property prices but creates further problems with supply – meaning if new projects don’t get underway the supply will continue to diminish.”

Urbis noted a new trend, with three projects that were developed to be build to rent, switching to build to sell. One building went in the other direction.

There were five new project launches during Q3 2023, four in <a href="/developments/broadbeach-qld-4218">Broadbeach</a> and <a href="/developments/main-beach-qld-4217">Main Beach</a>.

There were&nbsp;1,770 apartments remaining for sale at the end of September – 82 per cent of which are in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/main-beach-qld-4217">Main Beach</a> and <a href="/developments/broadbeach-qld-4218">Broadbeach</a>.

The Gold Coast's north shore, coastal fringe, and southern beaches precinct all have&nbsp;limited supply, with just 264 apartments remaining for sale.

[smartcode_project:default project_id=108324 project_image_fid=232460]

Highland CEO David Highland, whose Sydney-based company has expanded its operations to the <a href="/developments/gold-coast-qld">Gold Coast</a> and is marketing one of the city’s key apartment projects, <a href="/new-apartments/coast-surfers-paradise-43-garfield-terrace-surfers-paradise">Sammut Group’s Coast apartments</a> under construction on Garfield Terrace at <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, said the data underpinned the resilience of the market.

“What this shows us is that demand for the <a href="/developments/gold-coast-qld">Gold Coast</a> has not diminished since the boom times brought about after the Covid pandemic,” Highland said.

“We are still seeing very strong interest from Sydneysiders keen to either move to the <a href="/developments/gold-coast-qld">Gold Coast</a> or at least take a stake in the Gold Coast’s future by purchasing an apartment here.

“The problem is that unless construction costs stabilise there may not be the stock required to meet demand, so buyers getting into the market now are in an enviable position where there may be considerable upside in the value of their apartments.”

[smartcode_project:default project_id=108747 project_image_fid=204484]

Highland said the current inflationary pressures and construction costs were drawing buyers to quality developers which had the capacity to deliver.

“Projects under construction or with a builder locked in are certainly at a distinct advantage in the eyes of buyers. There’s a flight to quality – people want certainty in an uncertain environment where we don’t know where prices are going to."

Highland said it is encouraging&nbsp;people to get into the market sooner rather than later and it is perhaps why there has been an uptick in sales in the third quarter.

“We expect this will continue as we head into the peak selling periods for apartments over Christmas and New Year where hundreds of thousands of people will be holidaying on the Gold Coast and inspecting property.”

Apartment sales rose to 470 over the third quarter of 2023, from just the 200 registered in the previous quarter

Gold Coast apartment sales jump in Q3 2023: Urbis

Brisbane has become the first of the eastern capital cities to erase to losses in the property market in 2022, CoreLogic's latest Home Value Index found.

Dwelling values in the Queensland capital have gone so well over 2023 that they've rubbed out the -8.9 per cent decline to reach a new record high.

Both the house and unit market have contributed significantly. Houses are 10.3 per cent up year to date, units 9.8 per cent.

Units, which incorporates both apartments and townhouses, posted another 1.3 per cent gain over October to be the best performing capital city unit market alongside Perth, although bested by their Gold Coast neighbours whose unit market posted 1.6 per cent growth.

Read more:&nbsp;<a href="/news/qld/city-beat-october-2023-southern-boom-continues-in-gold-coast-off-the-plan-apartment-market">City Beat October 2023: Southern boom continues in Gold Coast off the plan apartment market</a>

The rolling quarterly average of Brisbane units is now up 3.5 per cent, taking it to a new median high $545,000. It is now on track to overtake Canberra and become Australia's third priciest capital unit market, behind Sydney and Melbourne. Canberra's median unit value is $589,000.

<h2>What's happening in Brisbane's off the plan apartment market?</h2>

The chronic undersupply in Brisbane was alleviated somewhat by two new projects hitting the market in October.

National developer Kokoda Property, who submitted <a href="/news/qld/kokoda-propose-1-5-billion-triple-tower-riverside-development-in-teneriffe">plans for their $1.5 billion Tenneriffe masterplan</a> last month, has just launched <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>, their second apartment development in Milton.

[smartcode_project:default project_id=139032 project_image_fid=231172]

The <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">145-apartment project on Crombie Street</a> has already seen huge success, selling down around 90 apartments in the space of a few months before its public launch.

Spanning 21-levels and designed by Cottee Parker, <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> features a suite of wellness amenity, the majority of it on the rooftop. It&nbsp;will feature an wet-edge swimming pool with several cabanas and day beds and a heath and wellness space with a gym, infrared sauna, spa, plunge pool and a yoga studio.&nbsp;

360 Property Group's Jeremy Gilmore is marketing <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>.&nbsp;Gilmore says due to the lack of supply, for those that can get to market are getting good prices.

"The good developers are really shining through at the moment," Gilmore says. "They're favourable for the banks, builders and buyers, who all want to see a long track record to invest their money into the project."

&nbsp;

[smartcode_project:default project_id=139032 project_image_fid=232277]

A true test of the appetite for off the plan apartments is when both ends of the market are firing, which is certainly the case in Brisbane.

YPM Group have seen a similar demand and uptake at their recently&nbsp;launched <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>, just seven full floor apartments on Kangaroo Point's dress circle Hamilton street.&nbsp;

[smartcode_project:default project_id=6206 project_image_fid=227100]

YPM has already sold over half of the apartments to downsizers from both Brisbane and the Sunshine Coast.

YPM Group Projects Director Phillip Rand says the successful start to the campaign has been underpinned by the decision to start construction before&nbsp;launching to market.

"Buyers at this end of the market want to have full confidence in the delivery of the project&nbsp;before they commit, and the biggest confidence driver&nbsp;in the current climate&nbsp;is construction&nbsp;certainty," Rand says.

"Our Sorano House buyers have been drawn to both the rarity and exceedingly high quality of the project as well as the development around it.&nbsp;The Kangaroo Point Green bridge is less than 100m away, connecting you with Brisbane's City and the new Waterfront Brisbane by foot, plus just 500m from the site Queen's Wharf will bring 50 new restaurants and cafes within walking distance."

[smartcode_project:default project_id=6206 project_image_fid=231550]

Rand says the rarity of projects like <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a> means demand is always likely to outstrip supply.

"It&nbsp;can take years for&nbsp;developers to source and amalgamate&nbsp;true luxury sites, either fronting the river&nbsp;or with incredible never to be built out views, so buyers&nbsp;in this end of the market recognise&nbsp;how rare an opportunity like this is when an&nbsp;exclusive&nbsp;project like Sorano House comes to market. "

McGrath's Head of Projects QLD, Jo Prince-Gillies, says the landscape of new luxury apartments and terrace homes is undergoing a remarkable transformation, driven by a scarcity of supply.

"This scarcity has shifted buyer preferences, placing a premium on quality, prime locations," Gillies says.

"The higher end projects we take on have resonated with the discerning affluent downsizer and empty nester market, mirroring a growing desire for sophisticated living experiences."

Gillies says their buyers, now more discerning as ever, are seeking certainty before they commit.

"We recognize the importance of providing reassurance, and we're diligently working towards confirming builders and construction timelines to instil confidence in our clients."

On interest rates, Gillies says that while the fluctuations have impacted the broader property market, our niche segment has exhibited resilience, particularly among buyers with budgets exceeding $2.5 million.

"Projects less than $1 million is where we have had to be a little creative to get buyers across the line due to finance and rising interest rates."

Dwelling values in the Queensland capital have gone so well over 2023 that they've rubbed out the -8.9 per cent decline to reach a new record high

City Beat October 2023: Brisbane property market reaches record highs as off the plan demand continues

Builder developer 5Point Projects is aiming to set a new benchmark of luxury living on the Palm Beach beachfront with the reveal of their $60 million project, Ophira Palm Beach.

Ophira Palm Beach, just seven full-floor apartments and a two-level penthouse, is the only off the plan beachfront apartment development in market on Jefferson Lane, which has become the southern Gold Coast's millionaire's row in recent years.

[smartcode_project:default project_id=138441 project_image_fid=221546]

Each full-floor apartment will offer between 290 sqm to 317 sqm of internal and outdoor living space. The living areas have been designed to take in as much of the ocean views as possible, through the floor-to-ceiling windows and the full-width balconies that open from the living space.

The apartments have three bedrooms, each with an ensuite, as well as a study and a multi-purpose room. The kitchens feature stone benchtops, a tucked away scullery, and wine storage.

[smartcode_project:default project_id=138441 project_image_fid=221548]

Ophira’s two-level penthouse will deliver an expansive 637 sqm of living space with four bedrooms, four bathrooms and its own private outdoor entertainment area featuring a pool, spa, sundeck with teppanyaki bar, and a sunken lounge with a fire pit.

Ophira Palm Beach residents will enjoy a sanctuary of calm with shared amenities on level one including an exclusive plunge pool and sun deck plus a communal garden which will be a focal point for relaxation and wellbeing.

[smartcode_project:default project_id=138441 project_image_fid=221545]

5Point have a long track record of constructing some of the most premium projects in Palm Beach.

“We are salivating over delivering Ophira to the market because of its sublime absolute beachfront location over two blocks at a time when there just aren’t any beachfront sites in the market,” said 5Point director Damian Dove.

“There is also incredible demand in Palm Beach for luxury apartment living but just not the stock or the capacity to build.

“We are fortunate that we are in a position to build immediately and the inquiries for Ophira despite having little marketing attention until now has been quite remarkable.”

[smartcode_project:default project_id=138441 project_image_fid=221553]

Dove says Ophira has been highly anticipated by the local market, close to the cosmopolitan heart of Palm Beach, combined with its spacious living and the supreme privacy.

Jamie Bourke and Dylan Molloy of ARC Project Marketing said Ophira presents a unique opportunity for downsizers looking for high-end product where there are very limited opportunities.

"Not only is there nothing like this in the market, but we have gone to extraordinary lengths to create a project that will be an absolute icon for the southern Gold Coast,”&nbsp;Molloy said.

“5Point have infused Ophira with lavish coastal elegance, taking the best of beachfront living back to its roots with each of these residences offering the ultimate in privacy where homeowners can truly immerse themselves in this beautiful part of the Gold Coast.”

Prices start from $6.35 million.

[smartcode_project_cta:default project_id=138441]

Dove says Ophira has been highly anticipated by the local market, close to the cosmopolitan heart of Palm Beach, combined with its spacious living and the supreme privacy



5Point to set new Palm Beach apartment benchmark with Ophira Palm Beach

The whole face of Southport, the waterside suburb in the north of the Gold Coast, might be about to change with a mega development site up for grabs.

Developers will be licking their lips at the massive 13,785 sqm parcel at 60 Marine Parade which has preliminary approved plans by DBI for a five-tower masterplanned precinct which could suit a range of uses including&nbsp;tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres.

The towers can rise as high as 335 metres. DBI's highest tower is 68 levels.

The approval timeframe for the project to be realised is four months, which means progress on the development could start early next year.

The towers, on Broadwater, will offer&nbsp;views over The Spit, Pacific Ocean and Gold Coast skyline.

Also available under the same ownership is the adjoining retail and commercial component at 1, 1A and 5 Nerang Street, Southport.

The Queensland Government and Gold Coast City Council have already granted preliminary development approval, designating it as a Priority Development Area (PDA) within the Southport Central Business District.

Canford agents Roland Evans and Angus Cottrell are selling the site in conjunction with Cushman &amp; Wakefield's Brad Hamilton and Josh Cullen.

"Rarely does a site of this size and location become available as a complete blank canvas," Evans said.

"The panoramic views and the surrounding facilities that the end development will experience are unmatched.”

Brad Hamilton of Cushman &amp; Wakefield said the development is set to become the most iconic site on the Gold Coast.

"Its strategic location, coupled with the unprecedented support from the Queensland Government and Gold Coast City Council, makes it an unparalleled investment opportunity. Given the weight of capital with appetite for mixed use / living investments, we expect high levels of interest from a multitude of different purchasers,"&nbsp;Hamilton said.

The masterplanned precinct could suit a range of uses including tourism and resort facilities, hotels, various forms of residential complexes, retail precincts, cafes, restaurants, offices, and international conference and exhibition centres.

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