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

Joel Robinson

Conquest partners with Woolworths to deliver mixed-use Waterloo project

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

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

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

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

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Life in the development space moves fast.

Developers have to prepare the designs and configurations for their upcoming developments years before they launch the project. They have to have a rough outline of what they can develop as they acquire the site. Then they go through more design consultations before submitting the development application, which can take around 12 months in most councils to approve.

In that time, market demand can change significantly, as can what buyers want. What's important is that developers listen to buyers in the initial stages of marketing, and make changes to the designs if required.

<a href="/developments/gold-coast-qld">Gold Coast</a> developer Pacifico Investments has tweaked some configurations in their <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise apartment development</a>, Florian, and released more two-bedroom apartments with a multi-purpose room in the Monaco Street development in response to heightened demand.

Read more:&nbsp;<a href="/news/qld/everything-you-need-to-know-about-florian-apartments-in-surfers-paradise">Everything you need to know about Florian apartments in Surfers Paradise</a>

[smartcode_project:default project_id=7349 project_image_fid=207400]

There's also the option to secure two parking spaces.

Also part of a new release are larger three-bedroom apartments, as buyers seek larger floorplates.

The strikingly modern tower, already 30 per cent sold, sets itself apart by offering a coveted riverside-facing lifestyle.&nbsp;

[smartcode_project:default project_id=7349 project_image_fid=207395]

Read more:&nbsp;<a href="/news/qld/the-best-of-both-worlds-how-florian-surfers-paradise-takes-advantage-of-its-riverside-and-parkside-location">The best of both worlds: How Florian, Surfers Paradise takes advantage of its riverside and parkside location</a>

The building draws&nbsp;inspiration from the French Riviera, and features apartments designed by Coco Republic.

Expansive full-height glass windows and high ceilings flood the living spaces with light, while the generously sized balconies offer panoramic vistas of the river, parkland, and hinterland.

Pacifico has appointed Alex Scionti's Rocking Horse Construction to construction the development.

[smartcode_project_cta:default project_id=7349]

Developers have to prepare the designs and configurations for their upcoming developments years before they launch the project

Buyer demand at Florian, Surfers Paradise apartment development, sees developer meet the market

The $2.3 billion Imperial Square by Azzura, in the heart of <a href="/developments/southport-qld-4215">Gold Coast's Southport area</a>, is nearing a sell out of its first stage.&nbsp;

Imperial Square has drawn in an influx of eager buyers and investors from both local and interstate markets.&nbsp;

Comprising 143 apartments, <a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Regal Residences</a> delivers a mix of one, two and three-bedroom apartments, as well as two four-bedroom penthouses to the larger Imperial Square masterplan, which will see three buildings erected across the site at&nbsp;<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">59-73 Meron Street</a>.

[smartcode_project:default project_id=29350 project_image_fid=154906]

Since the release of Stage 1, which saw more than 30 per cent (53) of the residences sold by the end of the first quarter of 2021, resulting in $34 million in sales, the demand for the high-end apartments has continued to surge.&nbsp;

A combination of factors has fuelled the surge in demand, with the Gold Coast experiencing a wave of interstate migration and a resurgent property market. The Imperial Square complex itself has achieved high buyer interest with its ambitious vision and offering of a plethora of amenities and luxuries.

A suite of resort-inspired amenity is on offer in the Regal Residences, including the Resident's Lounge, a gym, foyer, bar, as well as a rooftop infinity pool and seating area providing views of the coastal landscape.&nbsp;

There's only a small selection of one and two-bedroom apartments remaining in the first stage release, with prices starting from&nbsp;$420,000.

[smartcode_project:default project_id=29350 project_image_fid=154910]

The success of <a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Regal Residences</a> is not an isolated case in the <a href="/developments/gold-coast-qld">Gold Coast's property market</a>. According to recent CoreLogic data, Gold Coast units have consistently displayed strength in 2023. Last month alone, unit values rose by 1.5 per cent, the highest monthly gain across all capital cities in Australia, while the rolling quarterly gains of 3.9 per cent are the strongest nationwide.

Read more:&nbsp;<a href="/news/qld/city-beat-july-2023-gold-coast-unit-market-the-strongest-in-the-country">City Beat July 2023: Gold Coast unit market the strongest in the country</a>

The robust performance in the Gold Coast's property sector is a testament to the region's appeal, drawing both local and interstate buyers looking for a coastal lifestyle amid the flourishing development and vibrant community.

[smartcode_project_cta:default project_id=29350]

Imperial Square has drawn in an influx of eager buyers and investors from both local and interstate markets

Azzura approach sell out of Imperial Square's Regal Residences. Southport apartments

The Brisbane-based&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;Property Group has secured sign off for its Broadbeach apartment tower, Lusso.

It's a move back into the <a href="/developments/gold-coast-qld">Gold Coast apartment market</a>&nbsp;for the family-run company, who&nbsp;in recent years have been developing boutique projects in Brisbane's inner ring.

Lusso, Italian for luxury, will comprise just 15 full-floor apartments&nbsp;at 11 Anne Avenue.

Designed by&nbsp;<a href="/architects/hal-architects">Hayes Anderson Lynch</a>&nbsp;Architects, the four-bedroom apartments span over 200 sqm internally, with a further 40 plus sqm of balcony space.

The kitchen, complete with butler's pantry, meets the&nbsp;living and dining space, which opens to the balcony&nbsp;oriented to front Anne Avenue and capture south east ocean views. The master suite, complete with walk in wardrobe and ensuite, is also cleverly located at the front of the apartment to capture the views.

<img alt="Di Carlo" data-entity-type="file" data-entity-uuid="e01dafc6-462b-4a1d-b1b8-a735e79b361e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.32.13%20am.png?VersionId=TcWoW4vinIj11es_qx_gZkcHF322NdoZ" />

There are a further two bedrooms and a multi-purpose room, which has been designed o act as either a second living area, a home office, or a fourth bedroom.

Crowning Lusso will be the resident amenity rooftop terrace, featuring&nbsp;a&nbsp;pool, gym, sauna and barbecue facilities.

Alfie&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>, one of the family directors at the company, says the design offering should hit the mark for the luxury buyer.

"We produce boutique, owner-occupier developments in Brisbane so we definitely wanted to stay in our lane and produce something that would service that type of buyer on the Gold Coast,"&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;told Urban.

"Its a really nice pocket of the Gold Coast and it's always been on the agenda,"&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;added.

<img alt="Di Carlo" data-entity-type="file" data-entity-uuid="2250c1d0-7479-49d3-a7cc-9971c604974d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%2010.33.15%20am.png?VersionId=XjAEME3PKcQiaXR.TTi1g47OBBwyIuhK" />

"This site ticked all the boxes given its centrally located between the beach, the Broadbeach entertainment and dining precinct, the Star Casino and Pacific Fair Shopping Centre."

<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;expects a healthy enquiry mix from local downsizers cashing in on their houses but not wanting to compromise on space, and interstate and Brisbane holiday makers who are looking for a high-end holiday home or weekender.

The development acts as another diversification for the&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;Group, who have recently started developing&nbsp;in&nbsp;the retail and commercial space.

The team have over 40 years experience building and managing in excess of $500 million&nbsp;of property development and construction projects across South East Queensland.

Lusso, Italian for luxury, will comprise just 15 full-floor apartments at 11 Anne Avenue

Di Carlo secure sign off for luxury Broadbeach apartment development, Lusso

A two-tower apartment development in <a href="/developments/windsor-qld-4030">Brisbane's Windsor</a> has been filed by local developer Ronnie Tarabay.

He's submitted plans for two 13-level buildings designed by Ellivo Architects at <a href="/new-apartments/193-lutwyche-road-windsor">193 Lutwyche Road</a> which will home 212 apartments, 281 resident parking spaces, and 45 visitor spaces.

Tarabay, who runs developer Bekaa Group, is set to keep some of the origins of the site. A two-storey luxury car showroom along the Lutwyche Road frontage will remain.

The 4,213 corner sqm site, next to the Brisbane Opal Museum and opposite Rosemount Hospital, was previously a Denmac car yard. It's currently operating as a car showroom Dutton One.

The site was bought late last year, with approval for two aged care and retirement towers with 177 units.

Tarabay, has submitted a new application for&nbsp;118 one-bed units, more than half the building, 85 two-bedroom apartments, and nine three-bedders.

<a data-entity-type="file" data-entity-uuid="879188d3-5e95-4fe9-a20c-44482f15e1a8" href="/new-apartments/193-lutwyche-road-windsor"><img alt="Windsor" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%208.56.58%20am.png?VersionId=MOtVmNgv1P4CrK1FN9Lxf3_lg1G._CpA" /></a>

Crowning one of the building's is a lap pool with day beds, a spa and sauna set privately in landscaping, a barbecue terrace, and an indoor dining room.

Ellivo noted in their Urban Design Report that the scale and form&nbsp;of the site provides the opportunity for two towers.

"The podium and tower are articulated as the buildings respond to their context," the report noted.

"City views are enhanced, privacy is allowed for and solar orientation is considered. The identity of the project is created."

&nbsp;

<a data-entity-type="file" data-entity-uuid="bb724be8-5f6c-4698-ae98-86ee03658131" href="/new-apartments/193-lutwyche-road-windsor"><img alt="Windsor" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-31%20at%208.57.06%20am.png?VersionId=pPskpIsZWaFYfRdJduDB4ndCHnV_HZXw" /></a>

They suggest residents will have access to a large amount of outdoor public amenity and numerous sporting precincts.

One of the towers faces Lutwyche Road, the other facing Lyons Terrace. Both have been designed to have a naturally ventilated corridor, ventilated through a break in the facade.

The Town Planning Report by Place Design Group said the site provides a great opportunity for <a href="/developments/brisbane-qld">Brisbane</a>, as a growing World City, to advocate housing quality in medium and high-density apartment living in Brisbane’s inner northern ring.

"Furthermore, due to the much-needed housing supply, the proposal will deliver an alternate housing product (of an appropriate scale) <a href="/developments/windsor-qld-4030">in a location</a> with great access to jobs, services, amenities, public transport, critical care infrastructure, community infrastructure and key transport corridors providing a suitable housing product for key workers in the vicinity," the Report read.

Bekka Group was founded in 2001 and has created a number of residential buildings all across <a href="/developments/brisbane-qld">Brisbane</a>.

A two-tower apartment development in Brisbane's Windsor has been filed by local developer Ronnie Tarabay

Two apartment towers filed for Windsor's Lutwyche Road

In the tranquil coastal suburb of Burleigh Heads, construction on a collection of four luxury townhomes is nearing completion.

The development plans for <a href="/buildings/beju-residences-8-bullimah-avenue-burleigh-heads">Beju Residences</a> were <a href="/news/qld/townhouse-style-dwellings-set-for-burleigh-heads-site">initially lodged in May last year</a> by sporting power couple Erin Holland and Ben Cutting, in a joint venture between their company, Golconda Property Group, K2 Projects, and EM Design.

Situated just moments away from the waters of Tallebudgera Creek and the iconic Burleigh Headland, Beju Residences provide a prime location for residents seeking a tranquil coastal lifestyle.

[smartcode_project:default project_id=112779 project_image_fid=207090]

Set across a 550 sqm site at 8 Bullimah Avenue, each three-level residence comprises three bedrooms, two bathrooms, and a double garage.

One of the standout features of the exclusive residences is the open nature of the roof terrace, which offers a private and inviting space for the occupants of each dwelling. With views of the surrounding area, the roof terrace is equipped with a stairway, lift, powder room, and laundry facilities.

The orientation of each townhome has been carefully considered to maximise natural light and capture the beauty of the surroundings. All four townhouses benefit from a desirable north-eastern aspect, while residences one and four also enjoy additional aspects to the east and north-west.

[smartcode_project:default project_id=112779 project_image_fid=207095]

Residents will appreciate the convenience of a short 50-metre stroll to the foreshore of Tallebudgera Creek, where they can immerse themselves in the natural surrounds.&nbsp;

The townhomes offer spacious open-plan living areas that seamlessly connect to expansive balconies, providing a perfect setting for relaxation and entertainment.

The entertainer's kitchen is a focal point of each residence, featuring top-of-the-line SMEG Dolce Stil Novo appliances and a large butler's pantry. The master bedroom offers a touch of opulence, with a spacious walk-in robe and a dual vanity ensuite. Abundant storage, ducted air-conditioning, and timber flooring further enhance the luxurious living experience.

One of the townhomes sold earlier this month through CBRE Gold Coast.

[smartcode_project_cta:default project_id=112779]

Situated just moments away from the waters of Tallebudgera Creek and the iconic Burleigh Headland, Beju Residences provide a prime location for residents seeking a tranquil coastal lifestyle

Beju Burleigh Heads set for completion later this year

The penthouse offering atop Main Beach’s luxury ARI residential tower was unveiled this week.

The two-level design boasts a private rooftop terrace with a pool, spa and barbecue facilities, for the exclusive use of the penthouse owner, along with space to lounge in the open air.

Set on levels 18 and 19, the penthouse and rooftop expose 360-degree views spanning the Pacific Ocean, the city skyline, the Broadwater, and the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> hinterland.

The Melbourne-based Stamoulis Property Group is developing the project, which has been designed by Bayden Goddard's&nbsp;BGD Architects.

[smartcode_project:default project_id=112163 project_image_fid=217022]

Kollosche's Michael Kollosche, who is selling <a href="/new-apartments/ari-3555-main-beach-parade-main-beach">ARI</a> with Harry Kakavas, said there are few comparable penthouses on the Gold Coast market.

“We’re expecting strong interest from buyers who want the best of location, lifestyle and luxury in one package,” Kollosche says.

“To acquire a penthouse in a luxury boutique residential building, with its own private rooftop, on a triple block with 30-metre beach frontage truly is a rare opportunity.”

[smartcode_project:default project_id=112163 project_image_fid=217021]

Priced at $19.75 million, the sprawling penthouse suite spans 759 sqm in total, 436 sqm of internal living space and a further 296 sqm of outdoor living.

There are three living areas and a dining area, a gourmet kitchen plus a scullery, a temperature-controlled wine cellar, a separate study, a powder room, and five car spaces.

The penthouse has soaring 4.5-metre ceilings and full-height glass windows which curve around the open plan main living and dining area, taking&nbsp;full advantage of views to South Stradbroke Island and south to <a href="/new-apartments/coolangatta-qld-4225">Coolangatta</a>.

[smartcode_project:default project_id=112163 project_image_fid=217019]

The residents-only tower comprises 26 half-floor residences and three full-floor sky homes. Half-floor apartments with three bedrooms start from 288 sqm and range in size to 325 sqm, while full-floor apartments with four bedrooms range in size from 567 sqm to 618 sqm.

Kollosche said that current demand had seen a number of half-floor residences amalgamated.

<a href="/new-apartments/ari-3555-main-beach-parade-main-beach">ARI</a> residents will enjoy exclusive access to resort-class amenities including a heated 25-metre lap pool, a gym, steam room, sauna, cold plunge pool, residents lounge and business centre.

[smartcode_project:default project_id=112163 project_image_fid=216350]

More than half of the available apartments in ARI have sold since the project launched in May.

Kollosche said buyers have responded to the absolute beachfront location, the architectural design, the high standard of finish, and uninterrupted ocean view lines.

“Brand new apartments on the absolute beachfront are few in <a href="/developments/main-beach-qld-4217">Main Beach</a> and redevelopment options are even fewer,” Kollosche says.

“The <a href="/developments/main-beach-qld-4217">Main Beach lifestyle</a> is a major drawcard for owner-occupiers with the beach and the Tedder Avenue village centre all on the doorstep.

“Nearby Marina Mirage and The Spit precinct are earmarked for major redevelopment in coming years which only adds to the value of any investment in Main Beach.”

ARI apartments are priced from $5.9 million.

[smartcode_project_cta:default project_id=112163]

Kollosche's Michael Kollosche said there are few comparable penthouses on the Gold Coast market

ARI Main Beach penthouse seeks nearly $20 million

A strategic 40-year campaign to acquire an entire unit block in Kangaroo Point has come to fruition this week as one of the suburb’s last undeveloped sites with city skyline views comes to market.

The 797 sqm riverfront block at 4 MacDonald St is being marketed by JLL, who suggest the site to suit a five or six-level apartment block with one or two apartments per floor and skyhomes on the upper levels.

<a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a> is one of Brisbane's most tightly held suburbs for apartments, and one of the most expensive.

ARIA is <a href="/news/qld/aria-seek-to-make-kangaroo-point-cliffside-tower-canopy-house-by-aria-larger">developing Canopy House</a>, a higher density tower on Leopard Street, while Fortis are preparing <a href="/news/qld/exclusive-first-look-fortis-propose-full-floor-apartments-at-first-brisbane-apartment-development">their first Brisbane development</a>, 14 full floor apartments at 44 O'Connell Street.&nbsp;

A new development, Sorano House, is set to launch on Hamilton Street, just a handful of full floor residences starting from 350 sqm.

&nbsp;

JLL's&nbsp;Tim Jones, who is marketing the MacDonald Street site with Harry Borger, say the campaign comes at an incredible time of growth for the market.

“The <a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">luxury apartment market in Brisbane shows no signs of slowing down</a>, with benchmark results on price and rate per square metre seemingly being challenged each month,” Jones said.

“In 2023 alone there have been four penthouse apartment sales in excess of $10 million - the highest of those being a $16.52 million sale in New Farm - with three of the top four having river frontage.

“Of the top 10 historic apartment sales in Brisbane, eight of those have changed hands since 2022, with three located in Kangaroo Point, highlighting the strength of the apartment market generally and more specifically for river-fronting projects," Jones added.

In terms of <a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">growth in the luxury apartment sector</a>, Jones said the downsizing of movement was being reflected in benchmark prices.

“In the current market, we’re seeing results for apartment sales nipping at the heels of house sales,” he said.

“Owners of houses in these luxury areas are embracing the opportunity to move into house-sized apartments, 
with river views, where there have no maintenance and can simply lock up and leave.”

&nbsp;

The site vendor first bought an apartment in the current block of six back in 1981, suggesting "it was a different area back then."

“I was fascinated by the peninsular appearance of the area; the way it felt like an island with the Story Bridge across to the Valley, isolated, and yet so close to everything, and then a little council boat to ferry you across the river every 15 minutes,” the vendor said.

“Only a few older houses, neglected wharves and a rundown jazz club. The views were special and I enjoyed watching the boats on the river.”

The vendor secured the sixth and final unit in 2022.

The 797 sqm riverfront block at 4 MacDonald St is being marketed by JLL, who suggest the site to suit a five or six-level apartment block with one or two apartments per floor and skyhomes on the upper levels

Luxury Kangaroo Point riverfront apartment development tipped as four-decade site plan comes together

Interstate migration to the Sunshine State continues to grow post-pandemic, with global developer MRCB International’s Gold Coast project <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> recording an influx of buyers from New South Wales and further down south.

Since launching to market earlier this year, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> is averaging $20 million in sales each month, with two-thirds of all sales coming from interstate and international buyers seeking a coastal lifestyle switch.

The majority of purchasers are between the ages of 30 to 60, with 30 per cent of sales to date coming from New South Wales alone.

[smartcode_project:default project_id=112730 project_image_fid=211249]

A recent CBRE report found that the <a href="/developments/gold-coast-qld">Gold Coast</a> experienced the second-largest population growth among major Australian cities at 2.2 per cent, which is largely being led by “metro-movers” from Sydney and Melbourne who are seeking a change in lifestyle.

According to the ABS, close to 87,000 Australians moved to Queensland between June 2020 and June 2022, with this trend likely to increase over the coming years.

Gavin Smith has been holidaying on the <a href="/developments/gold-coast-qld">Gold Coast</a> for a number of years and is now ready to make the move from Hobart with his wife after purchasing a residence at <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> on level 34.

“We have been holidaying on the <a href="/developments/gold-coast-qld">Gold Coast</a> for many years and watched it evolve over time," Smith said.

"We purchased off the plan three years ago and sold before it was built, so the seed was always there and now, we have purchased at the amazing <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

“The <a href="/developments/gold-coast-qld">Gold Coast</a> City Council has invested well in surrounding infrastructure to accommodate increasing demand.”

[smartcode_project:default project_id=112730 project_image_fid=209972]

MRCB International CEO, Ravi Krishnan said the group is thrilled to be making a mark on Australia’s fastest-growing city.

“We noticed the growth in interstate migration to the <a href="/developments/gold-coast-qld">Gold Coast</a> from the southern states and the high demand within the region. This, coupled with the forecasted lack of dwelling supply, drove our decision to invest in Surfers Paradise. The fact that the site that we purchased was in an enviable location influenced the decision," Krishnan said.

“Inevitably, the Gold Coast will continue to grow as a region. The trend for footloose industries to locate themselves in areas with beautiful weather, tourism opportunities, and solid employment, has meant we couldn’t afford to miss this <a href="/developments/gold-coast-qld">opportunity to invest in the Gold Coast</a>."

[smartcode_project:default project_id=112730 project_image_fid=209978]

Recent council population data forecasts that by 2041, the <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise population</a> will have nearly doubled and it is estimated that of that, close to 85,900 people will live in high-rise towers.

Reaching 51 storeys high and designed by local architecture firm, DBI Design, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> offers a range of apartments from one, two and three-bedroom floorplans, each offering views over the ocean, towards the river, hinterland and beyond.

Residents will have access to a plethora of amenities, including an internal wellbeing precinct featuring a spa, gym, outdoor yoga space, pool, sauna and steam room and a residents lounge.

[smartcode_project:default project_id=112730 project_image_fid=211252]

For residents located on or above level 33, the highest residential sky pool in the Gold Coast awaits on Level 51, presenting views that stretch out across the ocean.

Read more:&nbsp;<a href="/news/qld/26-vista-to-home-the-gold-coasts-highest-resident-sky-pool">26 Vista to home the Gold Coast's highest resident sky pool</a>

Last month, MRCB International announced it had secured funding from MBSB Bank with the financial backing signifying MRCB International’s commitment to delivering <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

The project is due to be completed in 2026.

[smartcode_project_cta:default project_id=112730]

Since launching to market earlier this year, two-thirds of all sales coming from interstate and international buyers seeking a coastal lifestyle switch.

Interstate sea-changers drive strong sales at 26 Vista, Surfers Paradise apartments

Immerse Projects is set to launch their second <a href="/developments/coolangatta-qld-4225">Coolangatta apartment project</a> to the market later this year, having received approval from the Gold Coast City Council.

Veteran builder John Kearney, who heads up renowned developer Greyburn, is behind the 17-level apartment project at 39 McLean Street, adjacent to his <a href="/new-apartments/rhythm-kirra-hill-30-garrick-street-coolangatta-qld-4225">Rhythm Kirra Hill development</a> which is currently on the market.

“We are very pleased with today’s approval of the McLean Street project which is the result of a lot of collaborative work with Council <a href="/news/qld/first-look-latest-kirra-beach-coolangatta-apartment-tower">over past 18 months</a>,” Kearney said.

“This allows us to focus on delivering and finishing construction on our adjacent site being Rhythm Kirra Hill and look forward to moving our teams onto this site towards the end of next year along with a DA submission of another site in Tweed.”

Read more:&nbsp;<a href="/news/qld/first-look-latest-kirra-beach-coolangatta-apartment-tower">First look: Latest Kirra Beach, Coolangatta apartment tower</a>

<img alt="McLean Street" data-entity-type="file" data-entity-uuid="6f8d4aa0-2c1b-4d98-bfec-1bb721509458" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%204.49.05%20pm.png?VersionId=hnI6NmEd3j9yWr6ALiTTd8xSuZX91LoC" />

The McLean Street development will deliver 58 new apartments comprising a mix of two-and three-bedroom designs, with the project to be topped by a 240 sqm penthouse.

The development will deliver a range of resident amenities including resort-style rooftop providing a communal lounge room, pool, gymnasium and sauna. The design offers additional communal areas on the ground and first levels that will provide meeting rooms for work-from-home use and parcel delivery lockers for online purchases by residents.

Designed by award-winning firm BDA Architecture, the development will feature a simple slender design with curved edges and a paired back elegant articulation of a timeless architectural style.

Immerse Projects reduced the height of the project from 19 levels following negotiations with the Council over the past 18 months. The site is located within the Coolangatta Centre District which offers higher density allowances under the Gold Coast City Council Town Plan.

<img alt="McLean Street" data-entity-type="file" data-entity-uuid="d847f078-058f-469f-8027-90491feaeca8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%204.49.13%20pm.png?VersionId=8XejfOh44DYRaGUQToteMSU28yoJnCVZ" />

The project is designed to provide a variety of residential products in the established <a href="/developments/coolangatta-qld-4225">coastal neighbourhood of Coolangatta</a>, an area that is growing in popularity with buyers.

Rhythm Kirra Hill, which offers apartment designs that suit a wide section of the market,&nbsp;has proven to be popular among owner occupiers and local downsizers.

“McLean Street, like Rhythm, will cater to that missing middle market where buyers are looking for quality coastal residences with resort-style facilities but without the premium price point,” Kearney added.

“We are big believers in the southern Gold Coast, as the market remains buoyant for this type of product amid an ongoing undersupply of stock.”

Greyburn will start construction on the <a href="/new-apartments/39-41-mclean-street-coolangatta">McLean Street project</a> next year.

[smartcode_project_cta:default project_id=110171]

Veteran builder John Kearney, who heads up renowned developer Greyburn, is behind the 17-level apartment project at 39 McLean Street, adjacent to his on market Rhythm Kirra Hill development

Immerse Projects secure approval for second Coolangatta apartment tower

Brisbane is set to see it's first sky garage, a term coined for garages that are located on the same level as the apartment, often reserved for only the premium residences at the top of the tower.

There's only a handful of examples of the rare inclusion across the world. They've been a custom feature in luxury high-rises in Dubai, Singapore and Miami.

Only one other project in the whole of Australia can boast a sky garage, the under construction <a href="/new-apartments/neue-grand-613-st-kilda-road-melbourne">Neue Grand on St Kilda Road</a>, which made headlines in 2018 when it announced it was creating a number of sky garages adjoining the living space.

Brisbane developer Spyre Group will be bringing the sky garage to their record-breaking <a href="/developments/new-farm-qld-4005">New Farm apartment development</a>, Moray House.

<img alt="Moray House" data-entity-type="file" data-entity-uuid="5aba67cf-fff3-469a-8c8c-2304467ad1db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%2010.58.59%20am.png?VersionId=AgT3kxDs6rbLT1mt8DsJbLLujWXl0iHe" />

There will be two apartments with the sky garage feature. The residents of the apartments will&nbsp;be able to pull in off Moray Street, enter a remote-control operated car lift, and drive into their own garage in their apartments above the Brisbane River.

Once at their apartment’s level, residents will have the luxury of reversing from the elevator into their private sky garage, which can be viewed from the adjoining glass-walled gym.

The other two car spaces can be accessed by taking the car elevator down to the parking garage at the bottom of the development. The car journey from entering the vehicular lift to the basement is expected to be 18 seconds.

“The sky garage will appeal to luxury vehicle enthusiasts who want privacy as well as the additional security of garaging their car in their apartment rather than using regular basement parking,’’ Spyre director Andrew Malouf said.

[smartcode_project:default project_id=105057 project_image_fid=209769]

The six-residence development features views that frame the Story Bridge and follow the Riverwalk from Howard Smith Wharves to the Eagle Street precinct in the CBD.

Moray House has been described as “akin to living in a tree house’’ and features full floor length garden beds, allowing residents to express their individuality.&nbsp;

The exterior design communes with the surrounding Jacaranda trees and will take on different hues as the seasons change.

The interiors include the highest finishes of Chambord stone in a complex grain, European oak herringbone flooring and bespoke timber joinery. The chef-grade kitchens feature WOLF appliances an integrated Liebherr fridge and freezer and VZUG dishwasher.

[smartcode_project:default project_id=105057 project_image_fid=209770]

“Each apartment can be individually curated for the new owners with custom components that allow their homes to truly classify as ‘one of one’, Malouf added.

"These include a lap pool, sky garages, wellness rooms and personalised gyms."

Residence 6, an 800 sqm penthouse across two levels in Moray House, which features a roof garden, sold in January for $15.75 million, <a href="/news/qld/spyre-secure-15-75-million-brisbane-apartment-record-at-moray-house-new-farm-riverfront-development">breaking the record for Brisbane’s most expensive apartment sale</a>.

Residence 4 sold for $9 million to a couple who were relocating to <a href="/developments/brisbane-qld">Brisbane</a> from Sydney’s eastern suburbs.

The sale, which is the equivalent to $34,749 per sqm, is just below the $34,870 per sqm rate Spyre achieved in March with the $13.6 million sale of the penthouse of its luxury <a href="/developments/toowong-qld-4066">Toowong development</a>, Arc, then setting the off-the-plan record for <a href="/developments/brisbane-qld">Brisbane</a>.

Spyre has appointed Contrast Constructions to build Moray House, which is expected to take around 14 months to complete. Demolition is currently underway

With demolition underway on the site at 65 Moray Street, Spyre has appointed Contrast&nbsp;Constructions as builder of the development, which is expected to take around 14 months.

[smartcode_project_cta:default project_id=105057]

There's only a handful of examples of the rare inclusion across the world. They've been a custom feature in luxury high-rises in Dubai, Singapore and Miami.

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