<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

<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

Little Projects secure approval for redesigned luxury Broadbeach apartment tower

Billionaire Harry Triguboff's&nbsp;<a href="/developers/meriton" target="">Meriton</a>&nbsp;has been given the green light by the Gold Coast City Council for its three-tower apartment development, Cypress.

They're set to add another 1,000 apartments to the Surfers Paradise skyline, finalizing plans for their fourth, fifth and six towers in the heart of the tourist district in recent years.

During proceedings of the Committee Meeting, Deputy Mayor Dona Gates said "I just want it to be noted that their investment [Meriton] doesn't go unnoticed and will help us meet our requirements in regard to housing supply."

Cypress will be&nbsp;Triguboff's 21st high-rise development on the Gold Coast, having first visited the now thriving tourist mecca six decades ago.

“I have loved the Gold Coast since my first visit in the 1960’s, and after all my travels internationally, I still believe the Surfers Paradise beachfront is one of the best in the world," Triguboff told Urban.

“I have been very passionate about designing and delivering buildings that are in tune with the ocean and the golden beach that is just metres away.”

Following on from Ocean and the two-tower Iconica both on The Esplanade,&nbsp;<a href="/developers/meriton" target="">Meriton</a>&nbsp;will add a further three towers in their new development Cypress, at&nbsp;3346 Surfers Paradise Boulevarde, on&nbsp;top of the Cypress Ave G-Link light rail.

The nine site, 8083 sqm amalgamation spreads across Surfers Paradise Boulevarde, Palm Avenue, and Cypress Avenue, the latter which inspired the project name.

Cypress will sit one street away from&nbsp;<a href="/developers/gurner" target="">Gurner</a>'s approved La Pelago and two streets from SPG's approved Paradiso Place.

<img alt="First look exclusive: Meriton propose three-tower Surfers paradise apartment development, Cypress" 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%202023-04-20%20at%204.04.11%20pm_0.png?VersionId=5jsv8prADyG49yqZ6VMF19wZ.uNJ96D7" />

Triguboff says, recalling on some of his earliest developments, that he didn't think he'd ever be able to purchase a site like this one.

“<a href="/developers/meriton" target="">Meriton</a>’s first Gold Coast towers were Florida in Surfers Paradise and the Nelson at Paradise Waters at the start of the 1980’s, almost 40 years ago. Xanadu in the late 1990’s and Pacific Views in 2002 on the western side of&nbsp;<a href="/developments/main-beach-qld-4217">Main Beach Parade</a>&nbsp;that overlooked the Pacific Ocean continued our high-rise love affair with the Gold Coast.

"Little did I know that one day I would have the opportunity to purchase a site that is so dear to me, arguably the most central land in Surfers Paradise and design a trilogy of the country’s tallest towers."

There will be 994 apartments across the 73 and 80-level towers. The smaller 53-level tower will home 327 serviced apartments. Each of the three towers feature a rooftop garden with a pool and a gym space.

<a href="/developers/meriton" target="">Meriton</a>&nbsp;had DBI, who designed their Iconica project nearby, have taken the architectural reigns for Cypress.

They said in their design statement submitted to the Gold Coast City Council that the design of the three towers aims to create a bold and iconic presence as a gateway site to the Gold Coast CBD, while incorporating subtropical principles and street activation.

"The integration of the design elements creates a unique and vibrant addition to the Surfers Paradise skyline, creating a landmark destination for both residents and visitors," the local architecture firm noted.

"The towers are designed to maximize the potential of the site, with careful consideration given to the orientation, views and access to natural light and ventilation."

<img alt="First look exclusive: Meriton propose three-tower Surfers paradise apartment development, Cypress" 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%202023-04-20%20at%204.13.33%20pm.png?VersionId=b2HAs.i6LO4m6HqFJYvWZfjsjY9oRBJw" />

DBI said one&nbsp;of the key design features of the towers is the slab projection facing the streets, which creates a strong visual connection with the surrounding urban fabric.

"This design element not only provides shading and environmental control to the towers but also creates a sense of scale and texture, breaking down the massing of the towers and providing a&nbsp;<a href="/news/the-human-scale" target="">human scale</a>&nbsp;to the development."

"A golden spine acts as a unifying&nbsp;element that ties the towers together, providing a strong visual presence on the skyline. The spine is also designed to provide shading and environmental control to the towers, while also serving as a sculptural element that adds to the overall aesthetic and elegance of the development."

The five-level podium engages with the street level and will feature a mix of retail, dining, and entertainment spaces.

There's an elevated pool on level six, designed in a lagoon style to take advantage of the subtropical climate.&nbsp;

<img alt="First look exclusive: Meriton propose three-tower Surfers paradise apartment development, Cypress" 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%202023-04-20%20at%204.13.41%20pm.png?VersionId=H.7MZ8g2O45FNyMwQjYtbdB4TkNNfU7m" />

"The sculptural elements of the podium create a cohesive design language throughout the development, adding to its elegance and sophistication," DBI added.

"The towers are deeply rooted in subtropical principles, with careful consideration given to sun and wind orientation, thermal mass, natural ventilation, and shading. The towers are designed to provide a comfortable and sustainable living environment for residents and guests while minimizing their environmental impact."

<a href="/developers/meriton" target="">Meriton</a>&nbsp;have long had a reputation as one of the most prominent developers across New South Wales. Their most recent developments near the Glitter Strip have been Ocean by&nbsp;<a href="/developers/meriton" target="">Meriton</a>&nbsp;at 84 The Esplanade, a soaring 76-level tower with 722 apartments. That's now 85 per cent sold, with just 40 apartments remaining in the completed project.

Down the road they more recently launched ICONICA by&nbsp;<a href="/developers/meriton" target="">Meriton</a>, a further 637 apartments across two&nbsp;50 and 70-levels at 152 The Esplanade. Works recently began on the prime site opposite the beach.

Cypress will be Triguboff's 21st high-rise development on the Gold Coast, having first visited the now thriving tourist mecca six decades ago.

Meriton get sign off for three-tower Surfers Paradise apartment development Cypress

Developer Iris Capital has joined the growing number of developers bringing construction in house.

Approaching completion of early construction works by CF Group, the Sam Arnaout-led developer will be building the next stage of construction of its much anticipated two-tower development Victoria &amp; Albert by itself.

They've announced Iris Built, already fully licensed with the QBCC. They've assembled an experienced and dedicated Tier 1 construction team with extensive major project experience to focus fully on the delivery of V&amp;A.

[smartcode_project:default project_id=107928 project_image_fid=184933]

Local project manager Eastview Australia had been working away trying to identify builders who have the experience and strength to deliver the next phase of construction,

The Iris Built team will continue to work closely with Eastview Australia, an experienced project management business that has been delivering major high-rise developments on the Gold Coast for over 20 years.

This structure will allow the project to be delivered to the highest possible standards, with an Iris Group business acting in the capacity of builder.

[smartcode_project:default project_id=107928 project_image_fid=208685]

Over half of the 399 apartments in Victoria &amp; Albert have sold.

The apartments have been designed by renowned&nbsp;<a href="/architects/dbi">architecture firm DBI</a>, who drew inspiration from the coastal environment.

V&amp;A is being built in the heart of&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>, on the old Niecon Plaza site, which has been demolished. The towers will sit atop a $200 million commercial, retail and fresh food precinct.&nbsp;Colliers sales agent Paul Putsay says the commercial offering has&nbsp;particularly resonated with buyers from Melbourne and Sydney, who appreciate the convenience and vibrancy offered by a vibrant commercial hub.

[smartcode_project:default project_id=107928 project_image_fid=198884]

V&amp;A will also feature&nbsp;a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground, all surrounded by sub-tropical gardens.

The project also includes a residents sky lounge on the top level of the Victoria tower, complete with luxury dining, lounge, wellness, and work zones, taking in ocean and city skyline views.

[smartcode_project_cta:default project_id=107928]

Local project manager Eastview Australia had been working away trying to identify builders who have the experience and strength to deliver the next phase of construction

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