A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

Joel Robinson

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

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Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

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Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

Cbus Property has announced the practical completion of its 17 Spring St residential development on the fringe of the Melbourne CBD.

Architecturally designed by Bates Smart and constructed by Hacer Group, the $300 million development occupies a 1,270 sqm site at the east end of Spring Street, formerly occupied by the Mercure Melbourne Treasury Gardens.

The 33-level tower comprises&nbsp;73 two and three-bedroom apartments, as well as a handful of half and whole-floor apartments each with views overlooking the Treasury and Fitzroy Gardens.

Cbus Property’s Chief Executive Officer, Adrian Pozzo, said that 17 Spring St had set a coveted new benchmark for premium residential apartment developments in Melbourne.

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“Achieving practical completion on 17 Spring St marks the momentous conclusion of a journey that began when Cbus Property acquired the site six years ago, following the success of our pioneering 35 Spring St residential project, which sold out off the plan and was completed in 2017,” Pozzo said.

“The overwhelming success of 35 Spring St, another highly esteemed venture with Bates Smart, made it clear there was significant pent-up demand for Melbourne’s premium apartment market.

“17 Spring St has certainly been an equally illustrious journey, with a number of whole-floor amalgamations and new record sales results, as we continue to experience strong owner-occupier demand for premium residences and well-placed product.”

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Bates Smart Director, Cian Davis, said that 17 Spring St raised the benchmark that was 35 Spring St.

“We wanted to create a building where the interior and exterior is one fully integrated proposition, adding a timeless building design to the grandeur of Spring Street,” he said.

17 Spring St has become home to around 150 new residents who have access to a resident 25-metre pool and gymnasium on Level 2 and a private dining room, wine cellars and landscaped outdoor terrace on Level 3.

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“In addition to Cbus Property’s proven track record as a developer and Bates Smart’s reputation for world-class architecture, the exclusive Spring Street location has enticed myriad buyers seeking a city lifestyle,” Pozzo added.

“At the ‘Paris end’ of the CBD, 17 Spring St has the very best of Melbourne on its doorstep, from the gardens and the sports precinct, to the theatres and the restaurants in the surrounding laneways – and all with the added bonus of convenient accessibility to getting in and out of town.

“Each residence has been designed to savour the magnificent panoramic outlook to the Treasury and Fitzroy Gardens and beyond, with living areas enjoying a strong sense of connection to the outdoors.

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“The gardens will never be built out so that view will always be there, providing residents with the priceless opportunity to explore one of the state's oldest heritage-listed public gardens at their doorstep – and in the middle of Melbourne's CBD, no less.”

Victoria’s Minister for Planning, The Hon. Sonya Kilkenny MP, officially opened 17 Spring St during a private event for project stakeholders and residents recently.

Hacer Group commenced site works in December 2019 following the demolition of the former Mercure Melbourne Treasury Gardens hotel.&nbsp;

Cbus Property are seeking a tenant to occupy or buy the 130 sqm ground floor retail space.

Architecturally designed by Bates Smart and constructed by Hacer Group, the $300 million development occupies a 1,270 sqm site at the east end of Spring Street, formerly occupied by the Mercure Melbourne Treasury Gardens

Cbus Property announce practical completion of Melbourne apartment tower 17 Spring St

Luxury developments and Rothelowman go hand in hand.&nbsp;

The award-winning architecture firm were engaged by DM Property to design their Sandringham development, Early 3191, which features 35 three and four-bedroom townhouses.

Rothelowman Principal Stuart Marsland said the brief Rothelowman were given for Early 3191 was to create a series of townhomes that would elevate the standard of suburban living in Sandringham.

"The brief was to bring townhome living to a new level in Sandringham and deliver a series of homes through a calm landscape driven concept with a generosity for spacious living," Marsland said.

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"The design vision was centred around simplicity, community space, rebuilding the street, amplifying landscape and ensuring the future of suburban living."

Rothelowman drew inspiration from the surrounding coastal areas and neighbouring heathlands, which are reflected in the unified and simple palette of materials and colours used throughout the development.

"The site’s context was extremely important to the design of Early 3191," Marsland added.

"Sandringham has a laid- back luxury feel, overlaid with pockets of deep vegetation. This provided the inspiration for the palette and vibe of the townhouses. Examples of how this are the position of the front gardens and how they open onto the street, and the continuous public landscape."

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The townhouses were designed to fit seamlessly into the Sandringham context, with the unique deep nature reserves and generous front gardens transforming the atmosphere in George Street.

Marsland said it is&nbsp;important to the architecture firm that each Rothelowman design attributes significance to the physical and social fabric that surrounds every project.

"Early 3191 is a premier example of this."

Sustainability was a significant consideration in the design process, with features such as solar orientation, solar panels, rainwater tanks, and bicycle storage racks incorporated into the development.

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Rothelowman Senior Associate, Kylie Caruana, said that as custodians of&nbsp;our neighbourhoods, our cities and of future generations, Rothelowman understands the importance of making sustainable design decisions.

"No matter the brief, the design solutions that our teams create must incorporate authentic strategies to minimise imbedded energy - in materiality, orientation and functional layouts - and energy use throughout the life of the building," Caruana said.

When it came to the interior design of Early 3191, Rothelowman worked collaboratively with Adele Bates to refine the interior design concept and bring the project to life.&nbsp;

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"As interior designers ourselves, we understand the importance of the connection between architecture and interior design. The attitude to our approach remains the same when collaborating with other interior practices," Caruana said.&nbsp;

"For this particular project, Rothelowman provided innovations in town home layouts and the overall design approach for Early 3191. From there, we worked collaboratively with Adele Bates to refine the interior design concept to bring the project to life."

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Rothelowman Principal Stuart Marsland said the brief Rothelowman were given for Early 3191 was to create a series of townhomes that would elevate the standard of suburban living in Sandringham

Elevating the standard of living in Sandringham: How Rothelowman designed Early 3191

Melbourne is set to witness one of the largest masterplanned community developments, as Hamton, in partnership with Moonee Valley Racing Club and Hostplus, transforms the Moonee Valley Racecourse into a world-class destination.

The $2 billion redevelopment will comprise of eight precincts, featuring residential developments, community hubs, green open spaces and dining options. The latest addition to this grand project is the hotly anticipated Trackside House apartments.

These apartments offer residents a chance to live right alongside the Moonee Valley Racecourse and enjoy unparalleled views of the city skyline. Designed by Rothelowman with interior design by Carr, Trackside House comprises 202 residences, ranging from one-bedroom apartments starting at $565,000 to grand three and four-bedroom residences, including the penthouse priced at $5 million.

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With its prime location, Trackside House is the first trackside residence to be offered in the masterplan. Residents will have access to premium amenities, and the opportunity to enjoy the unique lifestyle the masterplanned community offers.

Trackside is joined by three other residential projects, with Feehan Row and Thomas Street both sold out and limited opportunities remaining in Stonepine House, showcasing the demand and interest buyers have shown in the community.&nbsp;

The masterplanned community development will also feature various public spaces, including Stonepine Square, Cox Place, Tote Park, Rumpus, and The Stalls at Moonee Valley Racecourse. These public spaces provide a gathering place for visitors and residents to enjoy a dynamic, healthy lifestyle.

Stonepine Square is an idyllic gathering space built around existing turn-of-the-century Stone Pine trees. It features Mediterranean-themed plantings, shady pergolas draped with vines, and is perfect for a casual lunch or BBQ.

Cox Place is the vibrant heart of Moonee Valley Park, providing access to shopping, dining, work, and wellness. It is the ideal place to gather, linger, dine, work, and celebrate in this civic heart.

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Tote Park, the first publicly accessible space available to visitors and residents, is now open. It boasts spacious rolling lawns, serpentine gardens, and a nature playground for families.

Rumpus is a destination playground where children can run free and enjoy skipping, jumping, and rolling over. Parents can relax in the adjacent café or enjoy a picnic with produce from Cox Place while keeping an eye on their little ones.

The Stalls at Moonee Valley Racecourse, situated in the historic spot where racehorses gather on race days, will transform into an active place for the community to enjoy during the rest of the year.

The Arena, another public space in the masterplan, will change the face of Moonee Valley Racecourse. It will serve as a welcoming space for the community to gather and enjoy local festivals and family-friendly events throughout the year.

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The transformation of Moonee Valley Racecourse is set to be the biggest in the club’s history, with a brand-new world-class sporting and events grandstand that will serve members and the community for the next century.

The Moonee Valley Racecourse fields, reserved for racing for only 30 days per year, will be transformed on non-racing days into a unique area for residents, workers, club members, and visitors to enjoy a dynamic, healthy lifestyle.

The grand project has already sparked interest from buyers and investors alike, and with the launch of Trackside House, it's only set to grow. The Moonee Valley Racecourse redevelopment will undoubtedly change the face of Melbourne's property landscape and become a destination for years to come.

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Cox Place is the vibrant heart of Moonee Valley Park, providing access to shopping, dining, work, and wellness. It is the ideal place to gather, linger, dine, work, and celebrate in this civic heart

How Trackside House fits in to the wider Moonee Valley Park masterplan

Sunkin, the renowned Melbourne-based property developer, has established a reputation for integrating communities seamlessly into the urban landscape.

They're now launching their much anticipated project Highett Common, which aims to bring refined living and natural elements to the&nbsp;9.63-hectare former CSIRO site in the heart of the suburb.

Set to deliver the best of Bayside living, Highett Common will benefit from being near to a plethora of amenity, including Highett Train Station, which is just 100 metres away, as well as being under five kilometres from Sandringham Beach, just over a kilometre from Southland Shopping Centre and right next to a Woolworths.&nbsp;

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Each neighbourhood in Highett Common will have its own character and residential landscape, created through streetscapes, green amenity, and distinct built forms by a collaborative team comprising ClarkeHopkinsClarke Architects and Tract Landscape Architects.

Pockets of residential neighbourhoods are nestled between the three-hectare Conservation Reserve at Southern Common and the one-hectare park and playground at Northern Common.

Tree lined boulevards provide access for cars while The Mews connects pedestrians and cyclists to their homes and the parks, gardens and community amenity of Highett Common.

The first building to hit the market is Park House, the coveted first residential release, is tucked amongst the greenery that defines the sustainably-minded precinct, designed to reintroduce nature to modern life.&nbsp;

Park House opens to the local playground and The Mews,&nbsp;settling within pockets of carefully composed spaces that facilitate play, ride, relax, and explore.

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Park House features one, two and three-bedroom residences that are versatile and designed to connect with the surrounding environment which features expanses of pillowy lawns, pathways shaded by canopy trees and social places to sit and enjoy the outdoors.&nbsp;

Priced at $10,000 per sqm, Park House also presents significant value for money when compared to surrounding suburbs such as Sandringham, Hampton and Brighton.&nbsp;

The $500 million masterplanned development, which will home over 1000 residences when completed, featuring diverse, architecturally designed homes that offer scenic views of the surrounding conservation reserve and parkland.

The site is bordered by expansive parkland and connected by wide, tree-lined corridors and boulevards, creating a rare synergy of natural landscapes and built environments.

A series of carefully curated resident amenities bring resort living to the every day at Highett Common. Conceived as an engaging social landscape for lounging, entertaining, and wellbeing, the development boasts state-of-the-art gymnasiums, residents' swimming pools, and impressive finishes and design that deliver on spaces to host a gathering and elevate entertaining alfresco with friends and family.

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Sunkin is also participating in Homes for Homes at Highett Common, an independent, not-for-profit organisation established by Australia's largest and most successful social enterprise, The Big Issue. With research forecasting a deficiency of over 1 million homes in Australia by 2036, time is of the essence to change the narrative.

Homes for Homes encourages registered property owners to donate a small, tax-deductible sum of 0.1 per cent of their property's sale price to create new social and affordable housing in required locations. Donations are pooled with other contributions in your state or territory to make affordable housing more accessible to vulnerable Australians.

[smartcode_project_cta:default project_id=108019]

Sunkin launch Park House at sustainable masterplan, Highett Common

Galerie, a collection of luxury residences, has emerged in the heart of the Glen Iris neighborhood, offering a new standard of contemporary living on High Street.

Driven by a passion for art, GALERIE features a carefully curated private collection of world-renowned artworks, as well as innovative architecture and luxurious outdoor spaces.

The project is the result of a collaboration between industry luminaries, including LDS Property, Ewert Leaf, and John Patrick Landscapes.

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The building's facade showcases an asymmetrical architectural form that is both dynamic and elegant. The use of brick, timber, and concrete creates a sense of depth and dimension, while cascading greenery softens the linear composition.

As residents enter the gallery-style lobby, they are welcomed by a bespoke Chaumet Chandelier, adorned in luxurious brushed gold finishes.

The lobby's textured walls are lined with a curated private collection of world-class artworks, evoking a sense of refined grandeur. The lighting fixtures in the lobby create a serene and calm atmosphere that conjures an undeniable feeling of "coming home."

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Each residence at Galerie has been designed for the cosmopolitan lifestyle, with generous open-plan living areas imbued with artistic luxury.

The sun-bathed kitchens, seamlessly integrated with the living areas, is a culinary delight, fitted with European appliances, fully-integrated cabinetry, and ample storage which create a functional and stylish space.

“Every aspect of the homes has been carefully thought out, particularly the bespoke joinery detailing in the kitchen, living room and bathroom,” Ewert Leaf's Associate Director, Simone MacGinley said.

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Each of the homes also features a fireplace, complete with natural stone finishes, oak engineered timber flooring, and organic tones.

Greenery was key feature in the design of GALERIE, with the lush outdoor spaces providing residents with a peaceful retreat from the bustling city.

“We’ve designed everything so that the open plan living spaces flow seamlessly out to the courtyards, with large sliding doors that provide direct integration to the surrounding landscape,” Director John Patrick said.&nbsp;

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Driven by a passion for art, GALERIE features a carefully curated private collection of world-renowned artworks, as well as innovative architecture and luxurious outdoor spaces

GALERIE: A masterpiece of artistic luxury in the heart of Glen Iris

Williamstown,&nbsp;Melbourne’s first port settlement,&nbsp;has experienced significant price growth over the years, making it an attractive place to live for families, professionals, and retirees.

Williamstown has managed to keep a lid on its population over the last decade. The 2011 census found just over 13,000 residing in Williamstown. The latest census figures show almost a 10 per cent growth over the last decade, the population now nearly 14,500.

The population growth rate points to limited opportunity within the small maritime location. If developers can't secure land and develop, population growth will always be capped.&nbsp;

The increase of just 1,000 people in Williamstown means what AVJennings is bringing to the suburb with their recently released Merchant Apartments, part of their wider Waterline Place masterplan community, is incredibly rare.

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A range of housing options have been made available in the precinct, with Merchant currently offering one, two and three-bedroom floorplans, in addition to a collection of exclusive Sky Homes on the upper levels.

According to date from CoreLogic, the median growth in Williamstown over the past 12 months has been 6.31 per cent for units, with the average apartment on the market for just 37 days. Units also fetch a&nbsp;3.34 per cent rental yield, making the area a viable option for investors.&nbsp;

Waterline Place is located just 12 kilometres from the CBD and just a short walk form Williamstown Train Station, making it an ideal location for those who work in the city but want to enjoy a more suburban lifestyle.&nbsp;It is also close to the waterfront, providing residents with easy access to a range of recreational activities.

Approximately 4,009 families call the suburb home currently with Waterline Place benefitting from its positioning in the coveted Williamstown High School zone.&nbsp;

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Significant infrastructure upgrades in recent times have also drawn a number of residents to the suburb, with improvements to public transport, roads and bike paths.&nbsp;The construction of the West Gate Tunnel project is set to further improve the suburb's connectivity to other parts of Melbourne,&nbsp;with the project giving Melbourne a second freeway link between the west and the city, providing a much needed alternative to the West Gate Bridge and a vital second river crossing.

There's also a number of cafes, restaurants, shops and supermarkets dotted around the suburb, in addition to several green spaces and parks, including Williamstown Botanic Gardens and the Jawbone Marine Sanctuary.&nbsp;

Complete with a vibrant ground floor retail offering and a uniquely designed communal rooftop space, with sweeping views to the city and Hobsons Bay, Merchant Apartments have been designed by internationally acclaimed architects, Elenberg Fraser.

Construction is underway on the apartments, with completion slated for 2024.

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The increase of just 1,000 people in Williamstown means what AVJennings is bringing to the suburb is incredibly rare.

Why Merchant Apartments offers an almost unrepeatable opportunity to buy new in Williamstown

Melbourne's bayside suburb of Cheltenham is fast becoming a go-to location for families seeking a suburban lifestyle that's still conveniently connected to the city.

The leafy, peaceful streets, numerous parks and reserves, and easy access to public transport, make Cheltenham an attractive choice for many.

Shenfield Property Group's latest residential development, Plenteous, is set to provide residents with the perfect combination of contemporary living and convenient location.

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Located in the heart of Cheltenham, Plenteous offers just eight architect-designed townhouses and apartments that feature elegant, functional, and energy-efficient designs.

The development is set among quiet, leafy surrounds and boasts a parkland frontage, making it a peaceful oasis in the heart of the bustling suburb.

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Plenteous residents will benefit from the project's proximity to the Southland Shopping Centre, which is one of the largest shopping centres in Melbourne and offers a vast range of shopping, food, and entertainment options.

And with the suburb benefitting from it's own train station, residents can easily and conveniently access the city, which is just under 20 kilometres away, while there's&nbsp;also several bus routes that service the area.&nbsp;

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But it's not just shopping and entertainment that Cheltenham has to offer. The suburb is home to several parks and reserves, including the sprawling 30-hectare Cheltenham Park, which features a playground, picnic areas, walking trails, and lake.

For those who enjoy a round of golf, Cheltenham is home to some of Melbourne's finest golf courses. And with the beach just a stone's throw away, residents of Plenteous can enjoy all the benefits of a bayside lifestyle.

Education is also a priority in Cheltenham, with a variety of quality schools and education options available.&nbsp;

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Located in the heart of Cheltenham, Plenteous offers just eight architect-designed townhouses and apartments that feature elegant, functional, and energy-efficient designs

Tapping into Melbourne's Bayside: How Plenteous takes advantage of it's location in Cheltenham

Carnegie is set to welcome a new development that promises to redefine modern industrial living, with local developers ITUM launching a striking collection of apartments.

Aptly named Mimosa Row due to its location on the leafy Mimosa Road, Mimosa Row will comprise just 40 two and three-bedroom apartments, starting from a generous 85 sqm. Some of the three-bedroom apartments span over 200 sqm.

Mimosa Row offers a rare proposition for buyers. Despite the project's early stage of marketing, developer ITUM, who have previously completed Hunter Prahran and Meridian in St Kilda, already have their builder signed up. They're using Platinum Construction to handle the build of the BG Architecture-designed development.

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The building takes&nbsp;the form of a U shape, allowing for more natural light to flow into the apartments, while classic clean lines and neutral colours have been utilised throughout to give Mimosa Row a timeless feel.&nbsp;

Apartments on the second level of the two-level building have loft-style balconies, while the ground floor apartments have their own private outdoor garden.

Krisp Interiors have handled the interiors, with each apartments featuring Bosch appliances, built-in wardrobes as standard, and work-from-home spaces.

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Mimosa Row is conveniently located just over 10 kilometres from Melbourne's CBD and just under three kilometres from Chadstone Shopping Centre. It is also moments away from the lauded Koornang Road dining precinct, which features a wide range of shops, restaurants, cafes, and bars.

There's also an abundance of transport links providing a seamless connection for residents to the nearby city centre, while green spaces are also a plenty, with Koornang Park the most notable, which features a playground, sports fields, and a walking track.

ITUM has signalled an estimated completion date of January 2025 for the project which is being marketed by Three Sixty Property.

Three Sixty Associate Director Nihal Peter expects a mix of first home buyers and downsizers&nbsp;who want to live in a leafy quiet street, but want access to Koornang Road, East Malvern, Monash Uni and Chadstone shopping centre.

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The building takes the form of a U shape, allowing for more natural light to flow into the apartments, while classic clean lines and neutral colours have been utilised throughout to give Mimosa Row a timeless feel

Carnegie to receive injection of new apartments as Mimosa Row launches

Everything is pointing to a prolonged growth cycle in the Melbourne property market.

From immigration forecasts to supply issues, with a sprinkle of increase buyer demand now the RBA has signalled the official cash rate is close to its peak, the belief is that Melbourne property is ready to boom.

First and foremost, the markets look to have bottomed. CoreLogic's Home Value Index showed another month of stable values, a modest 0.1 per cent gain in unit values and 0.2 per cent in house values as markets recover from a near year long downturn.

And as quickly as the markets showed signs of recovery, buyers have been back in force. Melbourne was the busiest auction market this week, with a preliminary clearance rate of 78 per cent, the highest clearance rate the Victoria capital has seen since October 2021.

“There’s countless reasons to be confident about the short, medium, and long term prospects of the apartment market in Australia, particularly in Melbourne," Apartments.com.au Chief Executive Mike Bird says.

"The immigration numbers forecasted will put huge pressure on the government to act, as there’s simply not enough housing, both currently and in the pipeline, to keep up with population growth. We've got a range of government incentives for buyers, but developers need to be incentivised to build.

Melbourne recently overtook Sydney as Australia’s most populous city, the first time since 1905 Melbourne topped the charts. Melbourne had been outpacing Sydney for the last decade, primarily down to international migration. The 2021 Census suggests there are 4.875 million who call Melbourne home, a number which will reach around eight million by 2051.

Projects by Buxton Director Heath Thompson says he doesn't believe we're having to look into a crystal ball anymore when predicting the next phase of the Melbourne property market.

"It takes about 4-5 years to realise a project, and that's if people are transacting on sites now, which we know they're not," Thompson says, suggesting we're around 5-6 years away from supply even remotely keeping up with demand.

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"Cost of construction isn't coming down, development approvals are down, building starts are down, and there's no sign of that changing anytime soon. Any project being built now is gold really, because the next one has to be more expensive than the last, or it won't be built."

Sunkin's Head of Sales and Marketing, Scott Jessop, says in this current environment of low supply, it doesn't seem to matter where the projects are located, there's a strong response everywhere.

"There’s always key locations and blue chip suburbs, but currently there’s not an area of the market that isn’t seeing demand, which is evident in auction clearance rates consistently sitting over 70 per cent," Jessop says.

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While rate hikes are all but over, Jessop says there are still some buyers who have issue with finances, many who have seen their budgets cut by 10 to 20 per cent in the last 12 months. He does however suggest more prospective buyers, who were maybe keen on sitting on their hands in the short term, have moved into "decision mode" following the pause from the RBA.

Sunkin have had a great response to their soon-to-be launched Highett masterplan, Highett Commons, with over 300 enquiries just through the project website. They'll be launching the sustainability-focussed project mid-May.&nbsp;

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Highett Commons will assist in Melbourne's chronic supply issues.

Charter Keck Kramer found that around 13,500 apartments need to be built each year in Melbourne to support the population growth. There were just 6,300 apartments completed in 2022 in Metro Melbourne, across 94 projects.

Marshall White Director Leonard Teplin says the population surge has created a supply and demand imbalance.&nbsp;

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"The immigration and housing crisis in Australia is worsening, particularly in Melbourne," Teplin says.

"The government has pledged to build 10,000 homes a year, but with millions of visa applications pouring in, more effective action is necessary.

Teplin believes that, while short-term fluctuations may occur, Melbourne's population growth and limited housing supply are expected to sustain demand for new construction and off the plan properties.

"The current market conditions present investment opportunities in Melbourne's property market.”

RPM Projects Director Nic Cuni says townhouses, or boutique apartment projects, have been in favour in 2023. Cuni says he's seen a large difference however in what has always been deemed as "inner-city".

"Typically inner-city has been between 2-10 kilometres from the city, but we’ve been finding recently, due to the affordability issues in Australia, that is now extended a little bit further out."

Cuni has found success in RPM Group's first project their newly formed project marketing division has launched, DM Property's Early 3191.

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The 35 Rothelowman-designed townhouses are exactly what buyers want in Bayside, Cuni says.

"Buyers want the postcode without the price tag. They want to get into the suburb they love, that they can get their favourite coffee, food etc, but pay less than the average house price."

An uptick in enquiry and buyer presentations has been seen by Next Chapter Projects Director Tom Hirini, which is translating into a moderate increase in sales. Hirini however says there's still a small element of buyer hesitancy given how well researched buyers are nowadays.

"Buyers are still very alert to the challenges the construction industry is facing with increasing material costs and labour shortages," Hirini says.

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"Confidence behind the developer and builder has never been more important to purchasers.

"I can see the sentiment towards off-plan purchases improving significantly once the headwinds the construction industry is facing abate."

From immigration forecasts to supply issues, with a sprinkle of increase buyer demand now the RBA has signalled the official cash rate is close to its peak, the belief is that Melbourne property is ready to boom.

City Beat May 2023: Prolonged growth cycle for Melbourne's off the plan apartment market?

The Lendlease apartment community, Toorak Park, arguably holds one of the best locations in the affluent suburb.

The completed mini masterplan gets its name from the neighbouring Toorak Park on Orrong Road, which has stood proudly at the heart of the area since it was opened in 1893.

It is most well known as the home of the Prahran Football Club, who played in the now defunct VFA. More recently the&nbsp;Old Xaverians and Prahran Assumption, who play in the VAFA, call it home, as do the Prahran Cricket Club, who play in the Victorian Premier Cricket competition.

[smartcode_project:default project_id=377 project_image_fid=211681]

The sports ground is getting a full overhaul by the local council, which is well underway. The current pavilion is being demolished, and will be replaced with a new Jackson Architects-designed pavilion with new lighting and terraced seating.

While under construction, with a forecasted end date toward the end of 2024, Toorak Park residents are only another 100 metres down the road from Orrong Romanis Reserve, home of Melbourne Rugby Union Football Club.

[smartcode_project:default project_id=377 project_image_fid=211680]

Orrong Romanis Reserve&nbsp;has two rugby and cricket ovals and a tennis centre, as well as an off-leash dog space, a playground, and barbecue facilities.

While surrounded by park opportunities, Toorak Park appeals to the city worker, given the location of Toorak train station just the other side of the oval.&nbsp;

Surrounding the train station, spilling onto Malvern Road, is a number of cafes and restaurants, as well as tram and bus stops.

A rare opportunity to buy near-new in Lendlease's completed Toorak Park has come up, after an international fund manager secured a number of one, two, three and four-bedrooms directly from Lendlease when the building was complete.

[smartcode_project:default project_id=377 project_image_fid=33599]

Now they're divesting the portfolio, which is giving apartment seekers an opportunity to buy a near-new unit in Toorak from $520,000.

The 2.5 hectare project was designed in collaboration between&nbsp;<a href="/architects/denton-corker-marshall" target="">Denton Corker Marshall</a>&nbsp;and&nbsp;<a href="/architects/carr-design" target="">Carr Design Group</a>.

The 16 building-project features extensive landscaping by landscape architecture by Tract. Open space makes up about up a third of the development, which also features a&nbsp;bluestoned plaza with a convenience store and cafe, as well as communal gardens.

[smartcode_project_cta:default project_id=377]

The completed mini masterplan gets its name from the neighbouring Toorak Park on Orrong Road, which has stood proudly at the heart of the area since it was opened in 1893

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