Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

Joel Robinson

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

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

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

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

Lowe Living unveils Middle Park apartment development

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

DVB Projects to launch second Broadbeach apartment tower as demolition commences

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

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

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?

South East Queensland developer Spyre Group has amalgamated the two final apartments in their record-breaking Glasshouse Burleigh Heads project.

Glasshouse already holds the off the plan apartment record in Queensland, secured when the penthouse sold for $20 million in March last year. Now the <a href="/developments/brisbane-qld">Brisbane-based</a> developer, who also hold the off the plan apartment record in the <a href="/developments/brisbane-qld">Queensland capital</a>, have put together what were the bottom two apartments in the formerly boutique complex of just three units.

The amalgamated residence will span three levels and have five bedrooms, two living spaces, an additional media room, a full guest suite, a wine room, home office, and a private pool, as well as garaging for six cars.

The master retreat is one of the most striking features, with an 11-metre frontage offering direct ocean views from the private balcony.

Read more:&nbsp;<a href="/news/qld/spyre-group-smash-queensland-apartment-record-with-20-million-burleigh-heads-penthouse-sale">Spyre Group smash Queensland apartment record with $20 million Burleigh Heads penthouse sale</a>

<img alt="Glasshouse" data-entity-type="file" data-entity-uuid="43f89602-106a-45ed-84cf-085373029eb1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%209.38.04%20am.png?VersionId=xorZRNLGFTG7jUyZdMxoN9rgVEOPfL7t" />

Spyre Managing Director Daniel Laruccia said they recognised a gap in the market for an ultra-luxury product in <a href="/new-apartments/burleigh-heads-qld-4220">Burleigh Heads</a>.

“The amalgamated residence will provide the functionality of a very large home within a location that is essentially reserved for multi-residential living on Burleigh’s beachfront,’’ he said.

Laruccia said Glasshouse is capable of outshining prestigious large-scale homes in areas such as Hedges Avenue at <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>, Noosa on the Sunshine Coast and Byron Bay.

“Glasshouse will stand as an iconic coastal expression, respectful to its origins while boundless in its pursuit of excellence."

Construction started on the project in August 2022, and is expected to be complete in the first quarter of 2024.

<img alt="Glasshouse" data-entity-type="file" data-entity-uuid="2ee3783c-a658-42e0-a02b-b297bd3613f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%209.38.13%20am.png?VersionId=B8u9inTpCiuESYe6EXEH0sG6bDYxyiPU" />

The development features glass on its eastern and western sides to capture the panorama of the&nbsp;Gold Coast sands and the Coral Sea.

Designed by architects bureau^proberts with landscaping by CUSP, the residence flows seamlessly from the outdoor courtyard and pool to internal stairs which lead to the living and dining area and kitchen on level one.

Living spaces are designed to establish an immersive ocean-front experience with fluted glass walls creating windbreaks while maintaining unobstructed view lines to the ocean and sky.

The new amalgamated residence has high ceilings, a continuous indoor-outdoor floor finish, and full perimeter layered sheer curtains to provide privacy when necessary.

Read more:&nbsp;<a href="/news/qld/how-bureau-proberts-designed-spyre-groups-glasshouse-at-burleigh-heads">How bureau^proberts designed Spyre Group's Glasshouse at Burleigh Heads</a>

<img alt="Glasshouse" data-entity-type="file" data-entity-uuid="1d0a3bea-f7cd-4745-88f2-f7e1d099ab49" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-03%20at%209.38.09%20am.png?VersionId=KaJ6JXJMfWoeyuAXhaJawBxIkhsegyED" />

The kitchen is the centrepiece of the open floor plan. Its focal point is a sculptural island bench forged in stone that repeats the natural headland formations of the beach. Behind it are functional meal preparation areas powered by an induction cooktop, concealed fridges and freezers and a butler’s laundry.

The master bedroom is on level two, offering a truly private sanctuary nestled in the foothills of Burleigh Heads with an expansive view of the Coral Sea. A secondary bedroom, also on level two, contains its own ensuite derived from the striking stone of the master suite.

The guest bedroom is located on the ground floor, featuring its own private outdoor terrace, full- height robes, an ensuite and a study.

The amalgamated residence will span three levels and have five bedrooms, two living spaces, an additional media room, a full guest suite, a wine room, home office, and a private pool, as well as garaging for six cars

Spyre amalgamate at Glasshouse Burleigh Heads to create three-level apartment

Brisbane's Toowong is set for a new $1 billion town centre after a prime development site was snapped up for $53 million.

The 9,000 sqm development site, on the corner of Sherwood Road and High Street, was slated to home Aviary <a href="/developments/toowong-qld-4066">Toowong</a>, but the current construction crisis in Queensland meant State Development Corporation and partner RW Capital offloaded the site, to a <a href="/developments/brisbane-qld">Brisbane</a> investment company.

They intend on undertaking a joint venture with the adjoining site owner to&nbsp;integrate the two properties and create a $1 billion retail, office, and residential development over a combined 1.3 hectares.

The proposed new <a href="/developments/toowong-qld-4066">Toowong</a> Town Centre will not only create a new town centre in the heart of <a href="/developments/toowong-qld-4066">Toowong</a>, but will add significant community benefits to the precinct and the western corridor.

Ross McKinnon, MD of State Development Corporation, said the sale of the land enables RW Capital to deliver a return to its investors after many months of uncertainty.

"We are delighted that the purchaser will look to develop the property,” McKinnon said.

“Since launching the development in 2020, we have received overwhelming support from council, local residents and retail tenants, and we have no doubt that once built, the project will provide fantastic amenity to the <a href="/developments/toowong-qld-4066">Toowong</a> community."

Christian Sandstrom of Knight Frank originally sold the site to State Development Corporation and introduced the new purchaser in the recent sale.

“This property is in a prime site in the heart of Toowong, and will follow other recent developments including the Monarch development on the old ABC site and Mosaic developments on Sylvan Road and Archer Street.”

The sale was completed in conjunction with Ian Heatherington from Ray White.

The new owner will team up with next door to create a $1 billion retail, office, and residential development over a combined 1.3 hectares




Site sale paves the way for $1 billion Toowong Town Centre

Mermaid Beach has long been the darling of the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>.

It's where the millionaires across the country choose to have their beach houses. Lavish mansions line the beach on Hedges Avenue, one of the most expensive streets in Queensland, and the equally sought-after Albatross Avenue.

Medium-density apartment developments don't come around often in the suburb which has managed to retain it's typical Gold Coast charm, not overran by interstate investors or overdevelopment.

Both the density, and location, is what makes Dankav's <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI Mermaid Beach</a> development a rare proposition. Located on Alexandra Avenue, at the north end of Mermaid Beach bordering Broadbeach, <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI</a> has just 50 apartments across its 18 levels, a maximum of four units per floor.

[smartcode_project:default project_id=6997 project_image_fid=185191]

It hits the sweet spot between density and pricing. The more dense <a href="/new-apartments/yves-mermaid-beach-7-9-mermaid-avenue-mermaid-beach">Yves Mermaid Beach</a>, which has been hugely popular with locals, has 146 apartments.

The rest of the developments within the suburb are low density, which often command considerably higher prices, while projects in planning are either high-rise or low-rise.

Prices start at $1,150,000 for the two-bedroom apartments at <a href="/new-apartments/laani-26-28-alexandra-avenue-mermaid-beach">LAANI</a>, and $1.75 million for the three-bedroom units.

Residents have luxury amenity in the building. Level seven will home a heated lap pool and adjoining day beds, a gym with a sauna, a cinema room, shared office space, a private dining room, and an outdoor sunken lounge and barbecue space.

[smartcode_project:default project_id=6997 project_image_fid=185664]

Completion of LAANI is slated for later this year.

Dankav has a long affiliation with development up and down the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, and <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a> in particular.

Their successful Mali project, down the road on Alexandra Avenue, was another to hit that sweet spot of around 50 apartments. That sold out before completion, which occurred in mid-2021.

[smartcode_project_cta:default project_id=6997]

Medium-density apartment developments don't come around often in the suburb which has managed to retain it's typical Gold Coast charm

How Laani is bringing something different to the Mermaid Beach apartment landscape

Fabcot, the development arm of Woolworths Supermarkets, has been given the green light for their expanded version of the group's <a href="/new-apartments/brisbane-qld">inner city Brisbane development</a>.

The amended proposal included adding seven storeys and constructing more than 70 apartments adjacent to the existing development in <a href="/new-apartments/kangaroo-point-qld-4169">Kangaroo Point</a>.&nbsp;

The initial approval for a 10-storey residential tower with 53 apartments, three levels of parking, and a supermarket was granted in December of 2021. After acquiring an additional 149 sqm lot at 14 Prospect Street in January 2021, Fabcot sought to modify the existing approval to accommodate the new purchase and create a larger and more extensive development.

<h4>Read more:&nbsp;<a href="/news/qld/first-look-woolworths-plot-larger-kangaroo-point-mixed-use-apartment-and-retail-development">First look: Woolworths plot larger Kangaroo Point mixed-use apartment and retail development</a></h4>

Fabcot's land package now spans a total of 3,197 sqm with frontages along Ferry, Prospect, and Deakin Streets, with part of the land reserved for potential future road widening.

<img alt="Render of the initial shoptop project submitted by Fabcot" data-entity-type="file" data-entity-uuid="92cf87c7-c84a-46ad-a2ee-88b050a16e86" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%205.05.52%20pm.png?VersionId=xMrsJLU1mMf7eIgNPVoNIbPKeu1Xg9JI" />Render of the initial shoptop development submitted by Fabcot.

The revised plan are for a 17-storey building with 130 apartments, a considerable increase from the originally approved 53 apartments. There will be seven one-bedroom apartments, 75 two-bedrooms, 44 three-bedrooms, and four four-bedroom apartments.

Amenities for the development will comprise a rooftop pool, gym, and outdoor barbecue space with seating. Around 2,600 sqm of space has been allocated for commercial use, allowing for a larger supermarket than initially proposed. The supermarket will now resemble a full-line store, catering to the needs of the Kangaroo Point community while adhering to a similar building footprint.

The development will take place in two stages.

The first stage encompasses four basement levels (one more than originally approved), ground-level retail and commercial space, and rooftop services such as plant rooms and the condenser deck. The second stage will involve floors one to 15, along with the rooftop area, which will feature a garden, pool, barbecue area, and indoor gym.

Urbis explained that the staged development will allow the supermarket to open ahead of the completion of the residential apartments above, ensuring a timely and efficient progression of the project.

The amended proposal included adding seven storeys and constructing more than 70 apartments adjacent to the existing development in Kangaroo Point

Woolworths green lit for expanded mixed-use Kangaroo Point development 

Following the sell-out of its VIII Kirra project near Kirra Beach, developer Devlink Group is moving onto its next project.

The new project, UNIQ Bundall, a collection of 22 architecturally-designed townhouses, is located just across the river from the&nbsp;soon-to be redeveloped Gold Coast Turf Club, which is set to undergo a <a href="/news/qld/inside-the-gold-coast-turf-clubs-370-million-redevelopment-plans">$370 million transformation and become the Sunlight Lifestyle Precinct</a>.

The villas, at 2-4 Waterford Court, will each have three bedrooms, three bathrooms, private lifts, rooftop terraces, and a self-contained multi-purpose room. The waterfront villas will have private plunge pools.

The wider development will feature a communal swimming pool and barbecue facilities.

<img alt="UNIQ Bundall" data-entity-type="file" data-entity-uuid="4329e8c6-f39a-4fa7-8340-63cc512fea4c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%2012.43.17%20pm.png?VersionId=AF2HbVX59dL9tPdKeBkSslbOphl3HFvY" />

Devlink Group Head of Marketing, James Ball, said the project is an opportunity to deliver an incredible addition to the area at a time when the Sunlight Lifestyle Precinct is set to transform Bundall into one of the most in-demand locations on the entire <a href="/developments/gold-coast-qld">Gold Coast</a>.

“Our focus as a business has been developing and delivering boutique townhouse projects in some of the Gold Coast’s most desirable locations just as interest in the area escalates – something we experienced with our Kirra VIII project and now appear to have done again with UNIQ,” Ball said.

“Given the fast-growing population of the <a href="/developments/gold-coast-qld">Gold Coast</a> and the lack of land availability buyers are choosing this type of product as it gives them the opportunity to live in a location that allows for a great lifestyle while providing them the living space, they want with minimal upkeep required. What makes it even more thrilling for us is the fact that our project is situated in a prime area, granting access to two prominent entertainment hubs—the Sunlight Lifestyle Precinct and Home of The Arts (HOTA), while still being only five to 10 minutes’ from the beach.”

<img alt="UNIQ Bundall" data-entity-type="file" data-entity-uuid="e8a72945-22d0-47d3-8231-4cc9320a1ee2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%2012.17.02%20pm.png?VersionId=xN1wqHxZS.Omdo7MSWUYgsYnMr4EUqc." />

Construction is expected to start at UNIQ Bundall in Q4 2023.

Eric Chen, Head of Business at Devlink Group, said the company would continue to focus on these high-quality projects and work with the <a href="/developments/gold-coast-qld">City of Gold Coast</a> to deliver them as the population of the city continues to grow.

“Providing the city with high-quality projects that increase density whilst not overloading existing infrastructure is very important for the area, this is something that Devlink Group has accomplished since our very inception,” Chen said.

“This project is perfectly pitched in that the high calibre of the design, location, residential amenities and large property size are all highly appealing to buyers targeting the Gold Coast region. We have a proven track record of delivering these projects from inception to completion even throughout the tough times over the last few years, and we are looking forward to delivering the same high results with UNIQ.”

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-growth-continues-over-winter">City Beat August 2023: Gold Coast unit growth continues over winter</a>

The new project, UNIQ Bundall, a collection of 22 architecturally-designed townhouses, is located just across the river from the soon-to be redeveloped Gold Coast Turf Club

First look: Devlink to develop high-end townhomes in Bundall

The <a href="/developments/gold-coast-qld">Gold Coast unit market</a> continued to outperform the majority of capital city unit markets in July, CoreLogic's monthly Hedonic Home Value Index found.

There were further one per cent gains in the <a href="/developments/gold-coast-qld">Gold Coast unit market</a> across July, following 1.5 per cent gains over both May and June.

Only Brisbane (+1.7 per cent) and Perth (+1.1 per cent) performed better in the unit market over July than the Gold Coast.

The Gold Coast median unit value is now $686,000, the second highest median value in the whole of South East Queensland behind the Sunshine Coast's Maroochydore.

It was the fifth consecutive month&nbsp;CoreLogic’s national Home Value Index rose, but the 0.7 per cent rise was softer than previous months.

Since finding a floor in February, the national HVI is up 4.1 per cent, following a -9.1 per cent decline from record highs in April 2022.

Nationally, home values remain -5.3 per cent below the April 2022 peak.

<h2>What's happening in the Gold Coast off the plan apartment market?</h2>

Anecdotal feedback from agents and developers is that it's business as usual on the Gold Coast.&nbsp;

They've shrugged off the idea that market demand would deteriorate following the COVID-19 pandemic, and while they're not seeing an exorbitant amount of enquiry from those looking to move to the Gold Coast like there was 18 months ago, there's still more than enough demand to outstrip supply in the majority of suburbs.

<a data-entity-type="file" data-entity-uuid="9dd89ddb-40e3-477f-81f3-6529d25310ae" href="/developments/gold-coast-qld"><img alt="Gold Coast" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Location%20CTA%20template%20.jpg?VersionId=iJpme1Q2AQx4Fz1f0c0qXaOmkTEmQJI9" /></a>

Siera Property Group Founder and Managing Director, Brent Thompson, says despite some moving parts nationally, the Gold Coast market is more than holding up.

"Given the brisk winter months, broader economic conditions and interest rate environment, things on the ground on the Gold Coast are faring better than most outsiders would anticipate," Thompson says.

Siera Property Group's early enquiry on <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>, their new <a href="/developments/bilinga-qld-4225">luxury Bilinga development</a>, has come from owner-occupiers looking to relocate to the southern beaches on the Gold Coast, as well as Brisbane families who are in the market for a weekender/holiday home.

[smartcode_project:default project_id=138311 project_image_fid=216175]

"Our research has shown these are the region's strongest performing markets and we anticipate continued robust interest from our southern interstate neighbours as most projects on the Southern Gold Coast have reached or are fast approaching the sold-out stage," Thompson says.

"In such a tight market with limited new supply, prices continue to strengthen particularly for properties of a bespoke, one-of-a-kind nature like <a href="/new-apartments/pipis-bilinga-303-golden-four-drive-bilinga-qld-4225">Pipis</a>."

Siera Property Group has is entering the construction phase of their debut <a href="/developments/gold-coast-qld">Gold Coast apartment development</a>, <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry on Chevron Island</a>.

[smartcode_project:default project_id=108641 project_image_fid=192961]

Thompson says the research phase of the project, some 18 months spent on&nbsp;completing pre-acquisition work on the residential market on the <a href="/developments/gold-coast-qld">Gold Coast</a>, saw them conceptualised and designed <a href="/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a> for local owner-occupiers looking to downsize.

"To date, we can confidently confirm that this target demographic has encompassed the majority of our lead enquiries from the day of launch right through till now and is expected to continue to lead interest right through to project completion.&nbsp;

"This portion of the market, while often price-conscious spenders, is predominantly debt free and their purchasing decisions are directly correlated to their confidence in the delivery of the project. Due to this, we anticipate our sales to further strengthen as the market starts to see more activity onsite every day.&nbsp;"

[smartcode_project:default project_id=108641 project_image_fid=216184]

Graya are seeing new precedents being set when it comes to pricing, due to a substantial shift in what buyers are willing to pay because of limited supply in the luxury apartment market.

"Demand is not slowing for quality two and three bedroom product on the Southern end of the Gold Coast with limited new product set for delivery," Graya Associate Director Shaun Mets says.

Their <a href="/developments/gold-coast-qld">Gold Coast projects</a>, Kloud and Ripple, both in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, have seen strong demand from the affluent downsizer and empty nester.

"This audience segment understands that buildings are incredibly difficult to replicate due to the industry wide construction crisis and land prices making projects not commercially viable.," Mets says.&nbsp;

"Our downsizer market, who are not necessarily highly leveraged with debt and taking advantage of the current cash rate, are not afraid to overcapitalise for the right property.&nbsp;"

Read more:&nbsp;<a href="/news/qld/city-beat-july-2023-gold-coast-unit-market-the-strongest-in-the-country">City Beat July 2023: Gold Coast unit market the strongest in the country</a>

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>

Only Brisbane (+1.7 per cent) and Perth (+1.1 per cent) performed better in the unit market over July than the Gold Coast

City Beat August 2023: Gold Coast unit growth continues over winter

There's no signs of a slowdown in the <a href="/developments/brisbane-qld">Brisbane property market</a>.

While CoreLogic's monthly Hedonic Home Value Index showed a softening in growth across most capital city property markets, <a href="/developments/brisbane-qld">Brisbane</a> continued to surge.

Brisbane unit values rose 1.7 per cent over July, the largest increase across both house and unit markets in any capital city. It's the best performing unit market over the quarter, with 3.8 per cent gains well ahead of Perth's 3.3 per cent gains and Sydney's three per cent growth.

Houses in <a href="/developments/brisbane-qld">Brisbane</a> also jumped 1.4 per cent in July, the joint-best performing housing market along with Adelaide.

The <a href="/developments/brisbane-qld">Brisbane</a> unit median is now $520,000, having been $489,000 at the start of 2023.

<h2>What's happening in the Brisbane off the plan apartment market?</h2>

There are very few new projects in market in <a href="/developments/brisbane-qld">Brisbane</a> still, which is seeing sales continue across pretty much every project.

While listings of house and units in the established space have been rising, they're still trending well below where they were last year and the previous five-year average.

Lloyd Dunn, project director at&nbsp;<a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">Sekisui House Australia's West Village</a>, says there are a number of reasons why Brisbane's upswing will continue.

"As developers, we anticipate sustained price growth in the medium to long term due to increasing demand from local purchasers and migrating purchasers, further construction price increase and limited supply of off the plan apartments," Dunn says.

"Long term, we feel that creating a thriving community at the heart of a development will always be essential to selling off the plan apartments. If there is no sense of place or neighbourhood, it can be a harder sell."

Sales have been moving at a fast pace at their<a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end"> West End development</a> for some time. They've transacted $186 million in the last year, with their latest release, <a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">The Allere Collection</a>, now 85 per cent sold.

[smartcode_project:default project_id=114215 project_image_fid=207148]

Dunn says they see a continued shift toward larger apartments, incorporating more flexible spaces to accomodate remote work and changing lifestyle needs.

Purchasers are currently seeking out more environmentally friendly developments that provide plenty of green space, sustainability initiatives, and connections to nature that create a biophilic response. Sekisui House Australia integrates the Japanese philosophy of ‘Satoyama’ into their developments and offers spaces to connect people with ‘ribbons of green’.

[smartcode_project:default project_id=114215 project_image_fid=204874]

On the RBA rate hikes impacting buyer sentiment and lending capacity, Dunn says that whilst&nbsp;not all buyers are directly impacted by rate rises, the fact that they need to sell to people who are impacted impacts the value of their original asset.

Luxury home builder turned apartment developer Graya has seen the short supply of luxury apartments help drive sales at their <a href="/developments/brisbane-qld">inner-ring Brisbane projects</a>.

Associate Director Shaun Mets says there's been a substantial&nbsp;shift in what buyers are willing to pay, and new precedents are being set.

"Demand is not slowing for quality product in blue chip locations with limited new product set for delivery," Mets says.

[smartcode_project:default project_id=112020 project_image_fid=198800]

Graya has seen strong demand from the affluent downsizer and empty nester market.

"Our downsizer market, who are not necessarily highly leveraged with debt and taking advantage of the current cash rate, are not afraid to overcapitalise for the right property," Mets says.

"This audience segment understands that buildings like our most recent multi-residential projects, Canvas, Chalk and York are incredibly difficult to replicate due to the industry wide construction crisis and land prices making projects not commercially viable.

[smartcode_project:default project_id=112020 project_image_fid=198799]

"Our buyers want certainty around construction timeframes and an opportunity to make customisations to their residence through the sales process."

Mets says the absolute necessities for buyers are privacy, adequate security, an absolute minimum of 150 sqm internally, progressive technology features, and secure car accommodation.

Read more:&nbsp;<a href="/news/qld/city-beat-july-2023-brisbane-has-come-of-age-as-apartment-demand-booms">City Beat July 2023: Brisbane "has come of age" as apartment demand booms</a>

Read more:&nbsp;<a href="/news/nsw/city-beat-june-2023-sydney-secures-off-the-plan-sales-success-at-affordable-and-luxury-ends-of-the-market">City Beat June 2023: Brisbane's tight supply drives off the plan apartment sales</a>

The Brisbane unit median is now $520,000, having been $489,000 at the start of 2023

City Beat August 2023: Brisbane units the best performing market in the country

In the rapidly expanding landscape of the Gold Coast, <a href="/new-apartments/hope-island-qld-4212">Hope Island</a> stands out as one of the region's fastest-growing and most sought-after areas.

Nestled alongside canals, <a href="/new-apartments/hope-island-qld-4212">the suburb</a> has become a haven for residents seeking easy water access for boating, fishing, jet skiing, and an array of water sports.

Adding to the allure of the location is the new market village, Marina Quays, which epitomises the upscale feel of the suburb. The village boasts an eclectic mix of boutique-style retailers, entertainment options, and a dedicated area for children.&nbsp;

At the heart of the coveted residential suburb lies <a href="/buildings/no-35-grant-residences-35-grant-avenue-hope-island">Aniko Group's No. 35 Grant Residences</a>, the boutique development of 58 townhouses which combine contemporary architecture with innovative landscaping.

[smartcode_project:default project_id=95316 project_image_fid=184675]

Positioned on one of the last available parcels of <a href="/new-apartments/hope-island-qld-4212">Hope Island</a> waterfront, 35 Grant Residences provides unrivalled bridge-free access to the Coomera River, Broadwater, and the Gold Coast's famous waterways. The prime location offers residents the opportunity to embrace coastal city living at its finest.

Nature enthusiasts will appreciate the abundant green spaces that surround the development, striking the perfect balance between tranquility and excitement.

The location of 35 Grant Residences within the thriving community of Hope Island allows residents to experience luxury oceanside living paired with upscale dining, premier shopping, and top-notch golfing.

The area's popularity is evident from the rising property prices, with median house prices surging to $1.475 million in 2022, representing a 38.5 percent increase in just 12 months. The average unit price also saw a rise of 16.5 percent, reaching $679,000.

[smartcode_project:default project_id=95316 project_image_fid=201432]

To ensure the sustainable development of the area, Hope Island is being planned under a specific control plan. The plan foresees a controlled population growth, with a cap set at 18,000 residents.&nbsp;

No. 35 Grant Residences also benefits from proximity to transportation hubs. Hope Island, Helensvale, and Coomera train stations are just a short drive away, offering convenient connectivity to the broader <a href="/new-townhouses/gold-coast-qld">Gold Coast</a> region, while the newly constructed M1 Motorway ensures seamless travel to places such as <a href="/new-townhouses/brisbane-qld">Brisbane</a>, Brisbane Airport, and <a href="/new-townhouses/coolangatta-qld-4225">Coolangatta</a> Airport, all of which are within 45 minutes' reach.

[smartcode_project_cta:default project_id=95316]

Positioned on one of the last available parcels of Hope Island waterfront, 35 Grant Residences provides unrivalled bridge-free access to the Coomera River, Broadwater, and the Gold Coast's famous waterways

A vision to create a green oasis in the heart of Hope Island: Around Aniko's No.35 Grant Residences

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

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

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

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

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

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