Breaking into the Sydney property market has long felt out of reach for many first home buyers, particularly as median house prices sit above $1.6 million and unit prices push beyond $900,000.

But entry points still exist in pockets of Greater Western Sydney, where pricing, government incentives, and product mix are aligning to make ownership more attainable.

Understanding where those opportunities sit, and how the numbers actually stack up, is becoming increasingly important for buyers weighing up their next move.

<h2>Work out what you can actually afford</h2>

Sydney is expensive, but it isn’t uniformly expensive. The Greater Parramatta region continues to offer comparatively accessible entry points, particularly for buyers open to alternative configurations like studios.

There's an assumption that a first home needs to be a certain size, that anything smaller than a one-bedder is a concession rather than a choice. That assumption doesn't hold up against what well-designed studios in the right location actually offer: immediate liveability, strong urban amenity, and a price point that makes the deposit target realistic rather than theoretical.

At <a href="https://www.apartments.com.au/buildings/mason-main-merrylands-249-259-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>, <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>'s multi-award winning precinct in Merrylands, studio apartments are unlike the typical studio configuration.

Starting from $498,000, the bedroom is fully enclosed, separated from the living area by a cavity sliding door, creating a genuinely private sleeping space that functions more like a one-bedroom apartment than a traditional open-plan studio.

[smartcode_project:default project_id=31751 project_image_fid=359814]

At 42 sqm internally, with an open-plan kitchen, built-in robes, modern bathroom, and separate laundry, the apartments are designed for everyday liveability rather than short-term use.

With a five per cent deposit under the Federal Government's First Home Guarantee, that equates to a deposit of around $24,200, achievable for many first home buyers without the added cost of Lenders Mortgage Insurance.

<h2>Understand the real cost of renting versus buying</h2>

For buyers weighing up the shift from renting to owning, the numbers are closer than many expect.

Here’s how the numbers stack up for a studio at Mason &amp; Main (based on a $498,000 purchase):

<ul>
	<li>Purchase price: $498,000</li>
	<li>Five per cent deposit (First Home Guarantee): ~$24,900</li>
	<li>Loan amount: ~$473,100</li>
	<li>Estimated mortgage repayment (6.29% variable, 30-year term): ~$675–$695/week*</li>
	<li>Estimated rental return: $590–$620/week*</li>
</ul>

At this level, the gap between renting and owning is relatively narrow, particularly when factoring in long-term equity, with rental returns also making the apartments a viable option for investors.

The rental range reflects current asking rents for remaining studio stock in the development and, based on prevailing asking prices, equates to an indicative gross rental yield of around 5.8 to 6.2 per cent.

For buyers seeking more internal space, Mason &amp; Main also offers a range of one-bedroom apartments from $629,000, alongside larger one-bedroom plus multipurpose room configurations priced from $680,000 - all priced under $800,000 and eligible for first home buyer incentives.

<ul>
	<li>Purchase price: $629,000</li>
	<li>20 per cent deposit: ~$125,800 (5% deposit on exchange: $31,450)</li>
	<li>Loan amount 80%: ~$503,200</li>
	<li>Estimated mortgage repayment: ~$720–$740/week*</li>
	<li>Estimated rental return: $650–$680/week*</li>
</ul>

One-bedroom apartments continue to present a balanced option for both owner-occupiers and investors, supported by steady rental demand across Western Sydney.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=359812]

<h2>Make sure you're across the government incentives</h2>

Government incentives continue to play a key role in reducing the upfront cost barrier.

At Mason &amp; Main, studio, one, and two-bedroom apartments are priced under $800,000, allowing eligible buyers to access a full stamp duty exemption under the NSW First Home Buyers Assistance Scheme.

On a $498,000 purchase, that represents a saving of roughly $17,900 that would otherwise need to be paid at settlement.

Combined with the First Home Guarantee, which enables purchases with as little as a five per cent deposit, the total capital required to secure a home is significantly reduced compared to traditional lending pathways.

<h2>No waiting, no uncertainty</h2>

For first home buyers who want to move sooner rather than later, Mason &amp; Main removes one of the more common pain points from the purchase process entirely. The development is already complete and move-in ready, meaning buyers can walk through the apartments, inspect the finishes, and have full certainty about what they're purchasing before signing anything.

Coronation brought in renowned architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> to design the development.&nbsp;

"The project's design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design," Woods Bagot Principal Dom Alvaro says.

[smartcode_project:default project_id=31751 project_image_fid=736]

<h2>Factor in location and lifestyle</h2>

Beyond the apartment itself, the surrounding infrastructure matters, particularly for a first purchase. Merrylands Station sits 350 metres from the development, putting the Parramatta CBD a five-minute drive away and the Sydney CBD roughly 25 minutes via the Western Line. Directly across the road is Stockland <a href="https://www.apartments.com.au/developments/merrylands-nsw-2160">Merrylands</a>, one of Greater Western Sydney's major retail centres.

At street level, Mason &amp; Main's own retail and dining precinct has more than 30 tenants trading, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. Residents also have access to a resort-style pool, a Technogym-equipped gym, private dining rooms, and a rooftop terrace with panoramic views across Parramatta, the Sydney CBD, and the Blue Mountains, all exclusive to the building.

Due to the mix of configurations, including studios which are rarely offered in today's new apartment market, first home buyers and investors have driven Mason &amp; Main to over 90 per cent sold.

Coronation Property Managing Director Joe Nahas says the development is driving a revitalisation of Merrylands, setting a high standard for future developments in the area.

Mason &amp; Main is move-in ready and is the latest in a series of award-winning mixed-use developments by Coronation Property.

Disclaimer: Mortgage repayment figures are estimates only, based on a 6.29 per cent variable rate over a 30-year term (Canstar, April 2026). Pricing and rental estimates are indicative and based on current listings and project information. Gross yield figures are indicative and derived from asking prices and estimated rental ranges. Stamp duty savings are indicative only. Buyers should seek independent financial and legal advice before proceeding.

[smartcode_project_cta:default project_id=31751]

Joel Robinson

How first home buyers can enter the Sydney property market for under $500k

Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.

In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.

Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.

Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.

At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.

[smartcode_project:default project_id=135149 project_image_fid=368392]

Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.

Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.

The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.

[smartcode_project:default project_id=135149 project_image_fid=368157]

“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.

“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.

Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.

SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.

“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.

“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”

Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.

That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.

One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.

“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.

“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”

For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.

“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”

Her terrace also supports a more connected, lifestyle-driven way of living.

“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”

Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.

Coronation champions terraces as a key piece of Sydney’s housing mix

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>.

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.

[smartcode_project:default project_id=152295 project_image_fid=368410]

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.

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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

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 striking bureau^proberts-designed development in <a href="/developments/paddington-qld-4064">Brisbane's Paddington</a> is set to test the height limits in the affluent suburb near Suncorp.

The small-scale development at&nbsp;298 Given Terrace is seeking to push the neighbourhood plan limit by one level, having made amends to the designs following a prelodgement council meeting back in late 2021.

The meeting minutes from a meeting held in late December stated the four-level, 12.5-metre proposal exceeds the&nbsp;acceptable outcome for building height in the neighbourhood plan, which is two levels and 9.5 metres.&nbsp;

The argument however is that the current building on the site, a small block of flats which has been owned by local Dr Peter Steadman since 2005, is four levels. Bureau^proberts have designed the building to present as a two-level building when viewed from Given Terrace.&nbsp;

"The design responds sympathetically to the streetscape by creating a transition in height from taller nearby apartment buildings to the cottage style residential pocket of Paddington," bureau^proberts noted in their Urban Context Report.

"The development's height and scale has been carefully considered to maintain the hillside character, whilst generous amounts of landscaping have been incorporated on all edges of the site to soften the built form and contribute to the streetscape and suburban backyard."

The project has been dubbed Ti-Tree, which was the name for the&nbsp;thriving community of Paddington in the 1850’s, where it was then known by the early settlers as the "Ti- Tree Flats" where residents farmed and cut timber.

<img alt="Ti-Tree Paddington" data-entity-type="file" data-entity-uuid="046d0ab8-6406-40fa-9e0b-d2e92f038087" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.30.06%20am.png?VersionId=yfYJruzG1TwcTY3186_RjNO.hws6R7T0" />

There are five apartments planned across the three-level building, four half-floor apartments and a whole floor penthouse across the third level.

"298 Given Terrace presents a collection of five boutique flats that continue the narrative of nurturing landscape in a residential enclave within the area," bureau^proberts wrote.

"Elevated on the hillside, the proposal utilises high quality design, landscape and generous amenities to create a contextual response that positively contributes to the streetscape and wider neighbourhood framework."

They said the&nbsp;architecture of Ti-Tree builds on the suburban character intrinsic to <a href="/developments/paddington-qld-4064">Paddington’s unique identity</a>.

<img alt="Ti-Tree" data-entity-type="file" data-entity-uuid="9a5624a1-47ad-42c8-b919-1b9b60b71aad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.39.40%20am.png?VersionId=k8cP2KUTmfHgyleFWXYr4ZPQRXj4YZqJ" />

"Traditional design elements such as, hipped roof forms, screened verandas, feature external entry stairs and landscaped courtyards are re-conceptualised to harmonise heritage with modern day living requirements.

"A singular built form is raised and folded around a landscape base transcending down the hillside to mimic the steep topography and create a cohesive relationship between the building and its natural environment."

Each of the ground floor apartments have three bedrooms, a media room, a study, a kitchen with butler's pantry, and a rear balcony. They each have over 250 sqm of internal space, and a plunge pool.

The two apartments above have a similar floorplan, with front and rear balconies, while the full floor penthouse, spanning 434 sqm of internal space and a further 238 sqm of outdoor terraces, has four bedrooms, a media room, study, a gallery in the open plan kitchen living and dining space, and a cellar. A pool and a lawn feature in the outdoor area.

<img alt="Ti-Tree Paddington" data-entity-type="file" data-entity-uuid="9684b9a6-aee3-476e-a7ae-4e7ae49cb912" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-18%20at%209.29.41%20am.png?VersionId=eI5SKy9POHdxjGYvxmW6gJtUNYKwT4jh" />

"Each residence has been designed with an open plan focus," bureau^proberts added.

"Living and bedroom areas open to maximise views and connect to the outdoors. Dual layered facades employ full height glazing and screening to capture natural light and prevailing breezes whilst prioritising privacy and solar protection."

First look: Brisbane's Paddington set for rare off the plan apartment development

It was the creative licence in property development that first lured the then Jeans West Director Mark Stevens into the game back over 25 years ago.

In 1997 he founded Kokoda Property, with his first development being a renovation of a house in the eastern suburbs of Melbourne. Fast forward a quarter of a century and they've completed over 100 projects in Melbourne, and they've just <a href="/news/qld/kokoda-snare-last-remaining-riverfront-in-teneriffe-for-mixed-use-development">spent a record $100 million on a 17,600 sqm site</a> in Brisbane's Teneriffe which is one of the last of it's kind.

"Ultimately it was a real love of architecture," Stevens told me when I asked him what took him from the corporate world to developing property.

He said always loved the creative process.

"Architecture allows you to create an environment, and I really believe architecture can change the way you feel."

Over the years Stevens' architecture preferences have changed somewhat.

"I used to be besotted with&nbsp;classicism," Stevens said. Now he's into "uber-cool modern."

Kokoda's striking Malvern project, the Malvern Collective, is a testament to the uber-cool, modern design. Two glass-facaded buildings rise from a more heritage-style streetscape.

[smartcode_project:default project_id=12457 project_image_fid=200172]

It was Stevens' love of architecture, paired with his passion for gardens and wanting to develop in another economy, that led him to Brisbane around 10 years ago.

While he'd travelled to Brisbane in his more corporate life, Stevens admitted that he didn't really know it as well as he'd like. He says however he will never forget his first visit.

"When I saw James Street (in Fortitude Valley) for the first time, I remember saying to myself 'oh my god, what an amazing precinct.'

"It has a story to tell. There's nothing like it in Melbourne," Stevens said.

There was the draw of Brisbane's climate and the Brisbane City Council's Buildings That Breathe Design Guide, which encourages developing to the climate. More than any other capital, there's more encouragement to incorporate gardens into high-rise towers, something which Stevens also had a personal affinity towards.

"I've always had a real passion for gardens, and I've invested a lot in them over the years," Stevens said.

He believes gardens change the topography of the street.

"With gardens you see a big difference between say summer and autumn, whereas architecture doesn't change."

Stevens says Brisbane offers an amazing climate and amazing amenity, particularly in the life of Teneriffe and New Farm, where living near the river offers a perf

Kokoda's first Brisbane project was the two-tower Chester &amp; Ella in Newstead, which was completed in 2020. Kokoda stayed waterside with their most recently completed project, The Ambrose in Milton, which was finished earlier this year.

Now the team are preparing to launch Ruby Ruby, a 21-level tower with 145 apartments, just around the corner.

<img alt="Ruby Ruby" data-entity-type="file" data-entity-uuid="0e62f0f8-8731-4aca-8ced-4b689815aac8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-10%20at%201.32.57%20pm.png?VersionId=itC5hruAoFXlJSzFuICTJAlRdtX4MYI3" />

Both The Ambrose and Ruby Ruby have been designed by Cottee Parker, who Stevens says are very open to different styles.

The burgeoning developer is also at the early planning stages of the masterplan precinct in Teneriffe which they secured early last year. The 17,600 site Skyring Terrace riverfront block will be transformed into a $1.75 billion mixed-use development that will activate the waterfront at a scale not yet explored.

Kokoda’s vision for the site comprises apartments and townhouses, a waterfront office tower, a luxury hotel, a retail precinct comprising high-end luxury retail and F&amp;B, and a&nbsp;marina, connecting the expanding Brisbane riverwalk replete with waterfront hospitality, retail and dining.

"We're in the design and development phase of what we think will be a game-changing precinct in Brisbane for years to come," Stevens said.

"It's very community focussed. We're giving a lot back to open space and architecture. It will be a place-making experience. It's not a case of putting what we can on the site, it's about being respectful to what's there, as well as the history of the area."

While there's considerable hype about Brisbane's future growth prospects due to the 2032 Summer Olympics, Stevens said it's not what defines the Queensland capital.

"The Olympics isn't what will make Brisbane amazing. It was already amazing before it got the Olympics," Stevens said.

"If you look at the history of The Olympics, they're being hosted by cities that don't need them to be come amazing. Think San Francisco, Tokyo, London.

"What the Olympics will bring is international attention so the whole world can see Brisbane's appeal."

It was the creative licence in property development that first lured the then Jeans West Director Mark Stevens into the game back over 25 years ago

How a love of architecture inspired a move into property development: Five minutes with Kokoda's Mark Stevens

Veteran developer Barry Morris has reacted to Brisbane's award of the 2032 Summer Olympic Games by once again pivoting plans for his prime <a href="/developments/brisbane-qld">Brisbane CBD site</a>.

Having previously planned an apartment tower, and then pivoting to a $250 million commercial tower, Morris Property Group is now seeking to develop a <a href="/new-apartments/19-eagle-terrace-brisbane">33-level residential tower&nbsp;at 19 Eagle Terrace</a>.

The tower will have&nbsp;179 units, a podium amenity level, and food and beverage tenancies.

The Town Planning Report by Urbis said the&nbsp;proposed development has been designed to directly respond to major changes occurring in Brisbane, including providing additional accommodation in line with the 2032 Olympics and to directly address Brisbane’s housing crisis.

<a data-entity-type="file" data-entity-uuid="c005599d-ad6c-4750-9d04-76c874b41f46" href="/new-apartments/19-eagle-terrace-brisbane"><img alt="Morris Eagle" data-entity-type="file" data-entity-uuid="c005599d-ad6c-4750-9d04-76c874b41f46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-13%20at%2011.06.20%20am.png?VersionId=piMPoQ3uPW5MAD1qcmb6TEax0F_1T135" /></a>

"The proposed development is to deliver housing choice and diversity through the provision of units of various types and sizes, which will meet a diverse range of needs," the Report read.

"It will complement the surrounding land uses, providing additional high-density residential options in proximity to a major transport node being Roma Street Railway and Busway Stations and a major employment node, being <a href="/developments/brisbane-qld">the Brisbane CBD</a>."

They said the&nbsp;proposed development provides a unique opportunity to shape the evolution of a much underutilised <a href="/developments/brisbane-qld">part of the city centre</a> and provide much-needed housing for the community.

"The proposed development comprises an iconic development at a prominent entry point to the Brisbane CBD. The residential offering of the development responds to the current communities needs and is aligned with recent policy initiatives of BCC and the State Government to increase housing within Brisbane.

"The proposed development includes a variety of unit configurations, providing for enhanced housing accommodation choices for Brisbane residents."

<a data-entity-type="file" data-entity-uuid="a742015d-20a2-4757-a892-0b87bc53fc35" href="/new-apartments/19-eagle-terrace-brisbane"><img alt="Morris Brisbane" data-entity-type="file" data-entity-uuid="a742015d-20a2-4757-a892-0b87bc53fc35" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-13%20at%2011.06.14%20am.png?VersionId=oQwIvcPcbf1hxsuTUY2zpcXr_LSxDYg0" /></a>

The bulk of apartments, nearly 75 per cent, will have two bedrooms (131). There will be 17 one-bedroom units and 31 three-bedders.

The four-level podium will be topped with resident amenity in the form of a swimming pool, outdoor deck, resident lounge, and barbecue and dining areas.

The project will be serviced by 218 parking spaces across the basement and podium levels, some shared with the adjoining church, 224 bike spaces, and 2,565 sqm of communal open space.

MPG have had their go-to Canberra-based architecture firm,&nbsp;Guida Moseley Brown (GMB) Architects, draw up the plans for what Urbis suggest is a design geared towards the subtropical climate.

<a data-entity-type="file" data-entity-uuid="3cfa2fae-56e7-4e72-964d-b7bf91738138" href="/new-apartments/19-eagle-terrace-brisbane"><img alt="Morris Brisbane" data-entity-type="file" data-entity-uuid="3cfa2fae-56e7-4e72-964d-b7bf91738138" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-13%20at%2011.43.23%20am.png?VersionId=sYzd_PaeQBs1OihOMVn_5IMqjxBVaGpP" /></a>

"The proposed development has been design led using a first principles design approach to ensure that the development responds to and takes advantage of the unique dominant corner characteristics of the site, responds to orientation and climate, provides a subtropical design response and provides a building that is unique in its setting, delivering high quality design for the benefit of both future residents as well as the broader area."

While buildings in the Quay Street South Sub-Precinct are capped at 20 storeys on sites of 1,200 sqm and over, Urbis state that the 1,577 sqm site is considered to be able to "accommodate a building of greater heights while still being proportionate to the area of the site."

<a data-entity-type="file" data-entity-uuid="33c286a3-723c-4218-8e91-b0c3665a9e3d" href="/new-apartments/19-eagle-terrace-brisbane"><img alt="Morris Brisbane" data-entity-type="file" data-entity-uuid="33c286a3-723c-4218-8e91-b0c3665a9e3d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-13%20at%2011.12.23%20am.png?VersionId=V09G40ZUHEnlnEIhRvAR7nLTHZfLV9lD" /></a>

While buildings in the Quay Street South Sub-Precinct are capped at 20 storeys on sites of 1,200 sqm and over, Urbis state that the 1,577 sqm site is considered to be able to "accommodate a building of greater heights while still being proportionate to the area of the site."

They say that the extensive frontages, 43 metres to North Quay/Coronation Drive and 30 metres to Eagle Terrace, will mean the project won't&nbsp;appear as overdevelopment of the site."

There's also precedent given next door is the 31-level build-to-rent tower by Cedar Pacific at 50 Quay Street.

In December 2019 Morris secured approval for a 24-level commercial tower. The site, bought for $12.35 million in 2015, is currently vacant.

Morris have an extensive portfolio of projects on the Gold Coast. They've recently launched Armrick Avenue in Broadbeach, while finishing the build of their Surfers Paradise project Essentia.

Having previously planned an apartment tower, and then pivoting to a $250 million commercial tower, Morris Property Group is now seeking to develop a 33-level residential tower at 19 Eagle Terrace.

First look exclusive: 2032 Brisbane Olympics has Morris Property Group swap Eagle Terrace office tower for apartments

Cavcorp's Le Bain building in <a href="/developments/newstead-qld-4006">Newstead</a> offers one of the most impressive rooftop pools across the capital.

Crowning the 17th floor of the building is a resort-style pool, something that has become somewhat of a signature in Cavcorp's developments. The roof has panoramic views of the Brisbane skyline, the iconic Story Bridge, and the meandering Brisbane River.

The space features a heated infinity pool that adds a touch of opulence to leisurely swims, while Martin Audio outdoor speakers provide a premium audio experience. Imported directly from Spain, Gandia Blasco sunbeds add a touch of sophistication to the pool area.

Bookending the swimming pool are two&nbsp;temperature-controlled, magnesium wellness spas, reminiscent of Les Bains Paris.

Also on the roof is a traditional Finnish timber sauna, a state of the art technogym, with over $210,000 worth of Olympic-grade equipment.&nbsp;

<img alt="Le Bain" data-entity-type="file" data-entity-uuid="e04f9f03-10a8-493e-86e7-6acbaf699c3f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-12%20at%204.23.31%20pm.png?VersionId=ZaVsulSJ76ZPvkTkEcAcNldUWjzA9pUE" />

There's a private dining room with fully equipped chief's kitchen, bookable for residents, as well as an alfresco&nbsp;kitchen with two charcoal grills and café seating, and a multipurpose lawn for sprints, lunges, bocce, and yoga.

The apartments at Le Bain offer a harmonious blend of elegant design and luxurious amenities, creating the epitome of a sophisticated lifestyle. With a focus on both aesthetic appeal and practicality, the residences provide residents with an exceptional living experience on the <a href="/developments/brisbane-qld">outskirts of the CBD</a>.&nbsp;

Le Bain's exterior facade, with its sculpted and fluid design, adds a sense of movement and intrigue. As one approaches from either the bustling James Street fashion mecca or the <a href="/developments/brisbane-qld">tranquil Brisbane</a> Riverwalk, the swirling facade creates a captivating visual experience.

With 2.7 metre high ceilings and light-filled open plan living spaces, the apartments at Le Bain exude a sense of airiness and spaciousness. The carefully curated interiors make clever use of natural light, creating a warm and inviting atmosphere throughout the living areas.

The spacious kitchens feature stone benchtops, European stainless steel appliances, designer tapware, and full-height pantries.

Le Bain was completed in 2021.

Crowning the 17th floor of the building is a resort-style pool, something that has become somewhat of a signature in Cavcorp's developments

Cavcorp's Le Bain, Newstead offers one of the best rooftop amenity spaces in Brisbane

The Abedian development family is looking to amalgamate a number of apartments at their approved&nbsp;<a href="/developments/mermaid-beach-qld-4218">Mermaid Beach</a> apartment tower, Peerless.

They've submitted a&nbsp;minor change application to the Peerless Avenue development to drop the number of apartments from 109 to 98.

The documents said it was due to "changes in the economics, market and viability of the project," as well as wanting to "diversify the product being brought to market."

They're wanting to consolidated&nbsp;36 units into 27 units over levels 17-25, a reduction of nine units, and consolidating four units to two units on levels 34-35, a decrease of two units.

The consolidations on levels 34 and 35 will create two four-bedroom sub-penthouses, located underneath the whole-floor penthouse.

The amalgamated site at 35-41 Peerless Avenue is located&nbsp;less than 400 metres from Sunland's nearby luxury tower 272 Hedges which is nearing completion, and is next door to the recently completed Bela by Mosaic Property.

Spatium Architects drew up the plans for the 124 metre high tower which initially had 64 three-bedroom apartments and 44 two-bed units.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="Exclusive: Sunland's Abedian family back with Mermaid Beach apartment tower" 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/pictures/article-images/screen_shot_2022-06-22_at_3.40.01_am.png" /></a>

The only four-bedroom apartment proposed was the rooftop penthouse, which will span over 400 sqm of living space and a further 280 sqm of outdoor area which will feature its own lawn.

Spatium Architects said in their design statement submitted to the <a href="/developments/gold-coast-qld">Gold Coast City Council</a> that the amalgamation of four&nbsp;properties in Peerless Avenue presents an opportunity for a significant tall residential building, defining the southern boundary of the high density residential zone in Broadbeach.

"The site has high visual exposure from the Gold Coast Highway and Hedges Avenue, and from a distance will become the landmark building along the southern high rise fringe," the statement noted.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="Exclusive: Sunland's Abedian family back with Mermaid Beach apartment tower" 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/pictures/article-images/screen_shot_2022-06-22_at_3.39.49_am.png" /></a>

"The vision for this development is simple in the desire to create a carefully crafted residential project which not only provides a beautiful living environment for the residents, but also pays respect to the community in the way it integrates with its street context and the <a href="/developments/gold-coast-qld">city skyline</a>."

They said that all apartments are generously sized to provide genuinely liveable spaces and that the unit mix, rather than being focused solely on high income earners, provides well designed homes for a large cross section of the community in the form of two, three and four-bedroom apartments.

All apartments include study areas to accommodate the continuing work from home&nbsp;trend.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="Exclusive: Sunland's Abedian family back with Mermaid Beach apartment tower" 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/pictures/article-images/screen_shot_2022-06-22_at_3.39.44_am.png" /></a>

The landscaped recreational facilities deck is located on the elevated podium. That will feature a 25 metre lap pool with lagoon and an inpool spa and surrounded by poolside garden pods. There's a garden barbecue terrace with lounge seating areas, a gym with both a yoga room and a yoga lawn, two saunas and a stream room.

There's further work from home space in the form of a lounge with library and meeting room. Set privately away from the pool is a private bar and dining room with a green roof, which can be booked out by residents.

<a href="/new-apartments/peerless-39-peerless-avenue-mermaid-beach"><img alt="Exclusive: Sunland's Abedian family back with Mermaid Beach apartment tower" 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/pictures/article-images/screen_shot_2022-06-22_at_3.51.13_am.png" /></a>

It was announced in 2020 that the Sunland Group would start winding down its operations, with a view to being out of the property game in three to five years.

They sold their redevelopment opportunity in <a href="/developments/coolangatta-qld-4225">Coolangatta</a>, the Greenmount Resort, as well as its retail development precinct The Lanes in <a href="/developments/mermaid-waters-qld-4218">Mermaid Waters</a>&nbsp;and a prime site on Hedges Avenue.

They've submitted a minor change application to the Peerless Avenue development to drop the number of apartments from 109 to 98

Abedian family creating amalgamated apartments at Mermaid Beach tower, Peerless

A collection of townhouses set to "deliver housing choice and contribute to housing affordability in a time of well documented supply and affordability issues" has been submitted in <a href="/developments/mcdowall-qld-4053">McDowall, north of Brisbane</a>.

There's been an application for 20 townhouses at 996 Hamilton Road, lodged by a company tied to&nbsp;Chris Hall, the managing director at local property development service company Hall Property Solutions.

The 5,368 sqm block, with a 50 metre frontage to Hamilton Road, is currently occupied by a 1946 home, which is proposed to be demolished.

The development will sit next door to the under construction townhouse development Banskia McDowall, currently being developed by Allister Lewison's Equire.

<img alt="Equire" data-entity-type="file" data-entity-uuid="eb43d9e9-a3d3-4175-9adb-fb06d40a949c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-12%20at%209.00.40%20am.png?VersionId=rHTRQ.DpxOHiU4OpHwBiHDjeX_wkDd2L" />The Banksia McDowall project by Equire. Image credit: Equire

There was a&nbsp;formal pre-lodgement meeting with Council in February. The key items addressed at the meeting included density, building height, road widening, refuse, stormwater, and biodiversity.&nbsp;

Council provided in principle support for the proposal at the meeting.

The Town Planning Report by Urban Strategies said townhouses are the predominant form of development on the southern side of Hamilton Road. The northern side of the road is predominantly&nbsp;dwelling houses in the Low Density Residential Zone. Hamilton Road is identified as an Arterial Road under the <a href="/developments/brisbane-qld">Brisbane City</a> Plan 2014.

"The development represents sensibly scaled infill development on a well-located development site in the Urban Footprint.," the Report said.

Andrew Spilar Design have put together the plans for the two and three-level townhomes, which will have either three or four bedrooms. They will take up 45 per cent of the site, with deep planting taking up over 10 per cent.

49 resident parking spaces will accompany the townhouse, in either garages or in tandem driveways.

<img alt="McDowall" data-entity-type="file" data-entity-uuid="165e2c34-0a2a-4fcb-9770-8183a530039b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-12%20at%208.44.10%20am.png?VersionId=eOHOBbxhUSCQUBtxRczLqFRObeYSvkgD" />

Part of the development is a newly created road which will connect to Ponti Street to complete the structure plan for the development.

The site is in walking distance to public transport on Becketts Rd)and local services including <a href="/developments/mcdowall-qld-4053">McDowall Village Centre</a> and McDowall Reserve.

"The residential density (approx. 37 dwellings per hectare) and mixed 2-3 storey outcome is consistent with the emerging low-medium density character and building height south of Hamilton Road, the Report noted.

"The proposal provides for a high-quality architectural outcome and the dwelling will sit within a landscaped setting."

The development will sit next door to the under construction townhouse development Banskia McDowall, currently being developed by Allister Lewison's Equire

First look: Townhouses slated for Brisbane's McDowall

Gold Coast units have continued to show their strength through 2023,&nbsp;according to property data analytics firm CoreLogic's Monthly Hedonic Home Value Index.

Unit values rose 1.5 per cent last month, the highest monthly gain across every capital in the country. The 3.9 per cent rolling quarterly gains are also the strongest in the country, ahead of <a href="/new-apartments/sydney-nsw">Sydney</a> (3.5 per cent).

The median unit value is now $672,900, according to CoreLogic, now just -2.8 per cent lower than this time 12 months ago following the national year-long downturn.

CoreLogic's Research Director Tim Lawless says a lack of available supply continues to be the main factor keeping upwards pressure on housing values.

“Through June, the flow of new capital city listings was nearly -10 per cent below the previous five-year average and total inventory levels are more than a quarter below average.

Read more:&nbsp;<a href="/news/qld/city-beat-june-2023-gold-coast-apartments-defy-downturn-rebound-sharply">City Beat June 2023: Gold Coast apartments defy downturn, rebound sharply</a>

"Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1% above the previous five-year average.”

Although housing values continue to record a broad-based upswing, the pace of growth across most capitals eased in June.

“A slowdown in the pace of capital gains could be a reflection of a change in sentiment as interest rate expectations revise higher,”&nbsp;Lawless added.

“Higher interest rates and lower sentiment will likely weigh on the number of active home buyers, helping to rebalance the disconnect between demand and supply.”

<h2>What's happening in the off the plan apartment market?</h2>

Supply continues to be a contributing factor to the success of off the plan apartment projects on the <a href="/developments/gold-coast-qld">Gold Coast</a> in June.

Urban Activation Director of Sales and Marketing Matt George says June showed&nbsp;a strong continuation of demand in the <a href="/developments/gold-coast-qld">Gold Coast property market</a>.

"Demand from lifestyle property purchasers from Brisbane, Melbourne and Sydney has continued well into 2023," George says, adding that investors with a longterm view of using apartments for personal use later in life have made up a strong portion of enquiry.

Urban Activation is marketing Melbourne developer Hirsch &amp; Faigen's <a href="/developments/mermaid-beach-qld-4218">YVES at Mermaid Beach</a>, which is now 90 per cent sold. The crane is on site, and completion is slated for the end of 2024.

[smartcode_project:default project_id=102451 project_image_fid=186080]

They're also selling <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>, the sustainable <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> tower, for MRCB International. George says they're seen&nbsp;consistent demand&nbsp;from China, Hong Kong and Taiwan due to the project's central location, quality, and scale.

They did $55 million in sales at the project within the first three months of its marketing.

Apartments start from $605,000 in the 51-level tower, which will home the <a href="/news/qld/26-vista-to-home-the-gold-coasts-highest-resident-sky-pool">Gold Coast's highest residential swimming pool</a>.

[smartcode_project:default project_id=112730 project_image_fid=211251]

The amenity, on level 51 of the <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">Vista Street building</a> just off the beach in Surfers Paradise, will be reserved for the residents of the three and four-bedroom apartments from level 33 and up.

Dubbed the Alto Private Lounge, the rooftop will feature a&nbsp;sky pool, as well as a private dining space, kitchen, and a bar with cocktail-style seating.

Also forming part of the rooftop is ‘Stratos 168’, which is accessible to all residents. That offers an indoor and outdoor lounge, fire pits, garden beds, and an outdoor workspace.

[smartcode_project:default project_id=112730 project_image_fid=211248]

Level 4 is home to ‘<a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">Club Vista</a>’, comprising a large pool and yoga sun deck, as well as a cycle-room and gym offering world class equipment open to all residents.

George believes that amenity rich towers such as <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> also need to offer the convenience and the immediacy typically experienced with inner city living, or hotels.

Knight Frank Associate Director James Elliot says he's seeing strong buyer interest from the Gold Coast to Byron Bay from high-net-worth clientele seeking premium quality new properties.

"They are more considered with their buying approach and very detailed in their investigations and research," Elliott said, adding that while the buyer journey is now a little longer&nbsp;between initial enquiry and making a decision on a property since the COVID-induced boom, the segment of buyers in the $5 million to $20 million range for high-quality off the plan properties is still high.

The median unit value is now $672,900, according to CoreLogic, now just -2.8 per cent lower than this time 12 months ago following the national year-long downturn

City Beat July 2023: Gold Coast unit market the strongest in the country

Architecture firm Myers Ellyett says living in subtropical Brisbane is an experience of living on a verandah.

They say being half indoor, and half out, is a life that embraces living with gardens and greenery.

That was their design inspiration for the newest apartment development plans filed in Brisbane, a 14-level tower on a prime site at <a href="/new-apartments/92-kingsford-smith-drive-hamilton">92 Kingsford Smith Drive</a>&nbsp;in <a href="/new-apartments/hamilton-qld-4007">Hamilton</a>.

The project will have 62 apartments, a mix of 20 two-bedroom units and 42 three-bedroom apartments. It will be crowned with a 1,048 sqm rooftop with swimming pool and spa, gym with sauna and yoga lawn, private dining room, wine room, and barbecue area.

There will also be a first level sky forest with seating nooks, on the same level the apartments start. They will sit above a podium and basement levels which will home 148 car spaces and 78 bicycle spaces, as well as commercial tenancies on the activated ground plane.

<img alt="Kingsford Smith Drive" data-entity-type="file" data-entity-uuid="ae86766b-54b9-4613-9f3c-851fe33ff5b0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-07%20at%2012.17.58%20pm.png?VersionId=ji2cKm38pwS7rgUaxDOa7jyCOkk5y3K6" />

The plans have been filed by Industry Corp,&nbsp;an entity linked to local&nbsp;Dennis Tomasel.

The built form above ground level has been separated into two distinct forms, which <a href="/architects/myers-elyett">Myers Elyett</a> have referred to as the trunk and treehouses.

Myers Elyett described the proposal as a "gateway project that embraces <a href="/new-apartments/brisbane-qld">Brisbane’s</a> attractive climate &amp; outdoor lifestyle."

"The architecture responds to the natural and urban influences, creating a distinctive architecture adorned with greenery," the Urban Context Report read.

"The project offers an opportunity to enhance and create a memorable experience for those visiting the subtropical city of Brisbane."

<img alt="Hamilton" data-entity-type="file" data-entity-uuid="b61f52c1-bef0-41ba-9388-cd0516e9f8e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-07%20at%2012.09.56%20pm_0.png?VersionId=vHmqoch1HA_E2ss3LfCSpcysCqwMCm_Q" />

The corner site&nbsp;occupies an unobstructed location on the fork of the Brisbane River and Breakfast Creek, with long views from the river, road, and adjoining suburbs.

All 62 apartments are entered through sky gardens. They provide distinctive open-air circulation and private open spaces lush with planting.&nbsp;

Mewing Planning Consultants said in their&nbsp;Town Planning Assessment that the site&nbsp;presents a range of contextual and urban form characteristics that present the opportunity to develop a high density, distinctive residential development that is befitting of its location.

<img alt="Hamilton" data-entity-type="file" data-entity-uuid="f91f4880-cc18-4292-9cc0-bb60d12927f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-07%20at%2012.10.14%20pm.png?VersionId=m0YKl81xm6iC2BTraLaiRkuTUNNAkurW" />

"Having regard to the contextual characteristics and visual values of the site, the applicant proposes to develop a high density and exemplar residential development that embraces Brisbane’s subtropical Town Planning Assessment."

"92 Kingsford Smith Drive, Hamilton climate, takes advantage of site’s high level of amenity and outlook and is of a scale that is generally coherent to, yet sufficiently distinct from (for urban form reasons), its surrounding built form context."

They said the intent of the&nbsp;development is to encourage urban consolidation within a well-located and focal inner city precinct (having regard to recently released Brisbane City Council strategy documents) that will contribute to the diversification and quality of high density residential development, including the provision of generously sized and functional sky homes that are suitable for families who want to live in a highly accessible location close to employment and services."

<img alt="Hamilton" data-entity-type="file" data-entity-uuid="e516e38d-65b9-4868-b4d4-efb76967701c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-07%20at%2012.14.33%20pm.png?VersionId=DRxb1lMaUpf2b65JW0zFW5DZJuzGxG6K" />

Wild Studio handled the landscaping, suggesting the project offers an "exciting opportunity to transform a coveted, riverside site into a thriving, complex forest, reminiscent of the pre-existing landscape.

"Refined exterior spaces are sunken into the forest, captivating residents and their guests and capitalising on the salutogenic power of landscape," their submission read.

"Supporting BCC’s Buildings That Breathe initiative, this development will set a new benchmark for living, native greenery, enrich the urban experience and help contribute to a vision of Brisbane that is sophisticated and subtropical."

The built form above ground level has been separated into two distinct forms, which Myers Elyett have referred to as the trunk and treehouses

First Look: New forest-laden apartments heading for Hamilton's riverfront

Developer Polycell Group, who is currently developing The Rochester in Broadbeach, looks like it has it's eye firmly locked in on their next development site.

Records show they've spent $15.5 million buying 19 apartments in the Sandpiper building at 155 Old Burleigh Road. They were bought from developer Peter Priest from Trenert, who earlier in the year decided to abort their plans to buy out the rest of the owners when rival developers secured apartments to scupper the redevelopment.

The stoush went to court, with Trenert claiming the rival developers used information that was subject to a confidentiality deed, after they had made a $40 million offer to secure the whole project.

Polycell was founded in the 1970s by current director Robert Ching-Chin Hsu. Starting life as a packaging and materials company in Taiwan, Polycell branched out and is now the largest privately owned air bubble cushion producer in the world today.

No doubt they will now work on the rest of the owners in the building.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="d692b541-1154-4a16-a8dc-7a20a7f1b059" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.29.58%20pm.png?VersionId=.APH4BEfZiqPkz0Mc2xDm2L7s7MBZxg1" />

Despite being gazetted earlier in the year, the rules for developers to take control of a building if they have over 75 per cent of the apartments, have yet to come into force.

There have been two sales in the development this year, aside from Polycell's purchases. Two two-bedroom apartments sold for $650,000 and $755,000.

The 1,828 sqm site is located directly opposite Kurrawa Park, which will offer never-to-be-built-out views across the beach and ocean.

It sits on the corner of Broadbeach Boulevard and Albert Avenue. The other side of Albert Avenue is the towering ULTIQA Beach Haven, while behind is the under construction, twin tower development Victoria &amp; Albert by Iris Capital.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="75803a6c-d65f-4976-a0e6-df5587ceaf33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.33.13%20pm.png?VersionId=XBhB9EA31195oJoOsMhJLG57q4GKjIAj" />The current view from Sandpiper

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade. That has 170 two and three-bedroom apartments.

It prides itself on it's extensive resident amenity. The $250 million tower features over 2,200 sqm of facilities.

[smartcode_project:default project_id=112276 project_image_fid=211183]

The whole of level four, some 1,350 sqm, will be dedicated to a health and wellness centre, which will feature a state-of-the-art gym, dry and wet saunas, a cold bath and a yoga lawn.

There will be an outside podium with a lap pool, a second leisure pool, heated spa, sun decks, barbecues, and alfresco dining spaces, all with views of the Pacific Ocean and the Gold Coast hinterland.

[smartcode_project:default project_id=112276 project_image_fid=211186]

Level 26 will home a further 930 sqm of amenity.&nbsp;

Dubbed The Executive Club, residents will have access to a sky lounge and private and communal dining spaces, anchored by a commercial kitchen for catering. A cellar room will feature individual wine and whiskey lockers.

The Executive Club will also feature state-of-the-art workspaces, including a&nbsp;boardroom, private office suites and workstations. A six-seat cinema, games room, and outdoor lounge areas, complete the amenity.

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade

Exclusive: The Rochester developer Polycell locks sights on next Gold Coast apartment project

When developer Weiya Holdings sought architects to shape their visionary Surfers Paradise beachfront apartment project Aalto, it was a no brainer for them to go with Conrad Gargett, after their impressive work on Weiya's first Gold Coast project, DE-LUXE in Burleigh Heads.

Weiya's Managing Director, Wei Wang, said Conrad Gargett's longstanding commitment to creating innovative, imaginative and yet timeless residences is epitomised by Aalto.

"Its world-class beachfront location needed to be matched by a truly exceptional calibre of design, and we have worked closely with Conrad Gargett to ensure this standard was delivered – and surpassed," Wang said.

[smartcode_project:default project_id=108209 project_image_fid=206392]

"The result is a building of elegance and sophistication inspired by the essence of the unique coastal landscape it inhabits, within moments of the Gold Coast’s iconic cosmopolitan lifestyle precincts."

With a profound understanding of the locale and an unwavering commitment to excellence, Conrad Gargett embarked on creating a structure that seamlessly integrates with its surroundings.

The team ran an in-house design competition so they had a number of different options. Three teams tested multiple ideas in parallel to produce the best outcome for this supreme location.

[smartcode_project:default project_id=108209 project_image_fid=209929]

Once a design direction was established, the architecture and interior design teams joined forces from the outset to ensure a seamless integration from architecture to interiors, resulting in a coordinated and holistic design language.

The grandeur of Aalto's design philosophy draws heavily from the broader context of its location. Paying homage to the natural beauty that sets Surfers Paradise and the wider Gold Coast apart, the team embraced the interplay between the ocean, the hinterland, and everything in-between.

Conrad Gargett Director John Flynn says&nbsp;Aalto's relationship with nature is expressed in its unique curvature and harmony of flowing lines which envelope the tower form.

[smartcode_project:default project_id=108209 project_image_fid=209925]

"The articulated edges display a natural rhythm comprised of soft corners and long sweeping forms, inspired by the inimitable movement of drifting sands and water along the coastline."&nbsp;

A significant source of inspiration came from observing the movement of sand and water, a consequence of the Long Shore Drift phenomenon. Originating in the south, the natural process transports silica particles along the coastline, forming the iconic white sands and crystal-clear blue waters that grace the region.

The architectural embodiment of this interplay can be witnessed in the sinuous edges of the building, evoking the organic ribboned forms resulting from the stratification of sand as the water recedes and erosion takes hold.

[smartcode_project:default project_id=108209 project_image_fid=209927]

The Gold Coast's distinctive landscape is characterised by a striking contrast of colours: deep blue waves crashing against golden sands, and lush green foliage sprawling across basalt rocks.

Aalto's materiality draws inspiration from this juxtaposition and textured richness. Designed to withstand the coastal climate, the building incorporates durable and robust materials such as stone, concrete, timber, and steel, carefully chosen for their ability to gracefully age over time.

[smartcode_project:default project_id=108209 project_image_fid=206387]

The concrete has been moulded and carved to reflect the natural recesses found in wind-sculpted sand. This design principle echoes throughout the residences, where elements from the coastline are translated into a luxurious array of finishes.

Within these spaces, pale timber boldly contrasts with natural stones and elegant brass details, creating a sensory experience that fosters a deep connection to the surrounding landscape.

[smartcode_project_cta:default project_id=108209]

Weiya's Managing Director, Wei Wang, said Conrad Gargett's longstanding commitment to creating innovative, imaginative and yet timeless residences is epitomised by Aalto

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