<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"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.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“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," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "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."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

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Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

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Construction to commence at luxury Glen Iris townhome project, Orchard Mews

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 decade on from their award-winning Garden House development adjoining Carlton Gardens, Melbourne apartment developer Piccolo has again teamed up with Woods Bagot and Hecker Guthrie to create A Piccolo House, a boutique apartment project in the heart of Fitzroy.

The 385 Gore Street project, which has just been launched through Three Sixty° Property Group, will comprise just 49 two and three-bedroom apartments. Woods Bagot took cues from Fitzroy's historic Victorian architecture when designing A Piccolo House, with slimline masonry brick and pigmented red oxide concrete on the lower levels contrasting a natural concrete frame for the upper levels.&nbsp;The façade will also display the same signature corbel detailing as the surrounding Victorian terraces.

There are 26 two-bedroom apartments on offer, starting from $1.5 million, and 23 three-bedroom units which range in price from $2.5 million to the $7 million penthouse with 350 sqm of indoor and outdoor living space. Residents will have access to a secret garden within the project, as well as a guest suite, communal dining room, and workshop space.

&nbsp;

[smartcode_project:default project_id=134287 project_image_fid=211712]

Piccolo Managing Director Michael Piccolo said the 2000 sqm site, and its location, was impossible to overlook. He knew it could accomodate a collection of generously-sized apartments, catering for downsizers who wanted to live nearer the city without compromising on space.

“The design was driven by the people that will live in and around 385 Gore Street," Piccolo said.

"We started by thinking about the lifestyle of the people in the area, and what they want out of their home, and then the rest of the design naturally evolved from that point.

“We want 385 Gore Street to enrich the lives of our residents and add value to the neighbourhood of Fitzroy.”

&nbsp;

[smartcode_project:default project_id=134287 project_image_fid=211715]

The property is located in a discreet, picturesque pocket of Fitzroy, on a wide, tree-lined street comprising nineteenth-century red-brick heritage buildings.

Gore Street is within 400 metres of the popular Smith, Johnston and Brunswick streets, and a short distance from tram networks.

Peter Miglis, Principal at Woods Bagot, said within the particualr pocket of Fitzroy the project resides, the traditional converses with the contemporary.

"We see 385 Gore Street as an amalgamation of both elements," Miglis said.

“It’s surrounded by quite an eclectic combination of spaces – industrial buildings, Victorian terrace homes, local cafes and restaurants and stunning tree-lined streets."

A large part of the project is the extensive landscaping by Acre.

Acre Creative Director Brett Robinson said the&nbsp;eclectic combination of plants will bring a remarkable seasonality to the building and link the site beautifully to its context.

“Some plants will lose their leaves and flower periodically, whereas others will remain full- bodied and evergreen; some plants will climb the brickwork, and others will drape from the balconies," Robinson says.

"385 Gore Street will be like a garden – unique, vibrant and full of variety – and each home will be a living thing that exists as part of a broader ecosystem.”

A north-south laneway will split the building into two volumes and provide a secondary connection to Gore Street, and a lobby enveloped on all sides by a secluded ‘secret garden’. Arriving at the building will mimic the experience of stepping into the private garden or courtyard.

&nbsp;

[smartcode_project:default project_id=134287 project_image_fid=211716]

“When entering via the main or guest entrance, residents and visitors will be led up a private pathway and into a courtyard, where they will be greeted by an oasis of greenery," Robinson says.

"This stylised wilderness will emulate the look and feel of a forest, creating a seamless transition between the public and private realms and an immersive arrival experience."

Each apartment features a natural colour palette and robust materials,&nbsp;including oak floorboards, brushed nickel tapware, terrazzo benchtops, hot rolled steel joinery and porcelain mosaic tiles.

Stacey Van Harn, Director at Hecker Guthrie, says the materials and finishes were one of the most interrogated parts of the interior design.

"Throughout the design process, we leant towards honest materiality, selecting organic, high-quality materials like terrazzo, steel and timber that are practical, durable and develop a beautiful natural patina as they age," Van Harn says.

"By incorporating the earthy natural tones of highly tactile materials, we can capture the gritty nature of Fitzroy whilst bringing an element of refinement and finesse that befits a luxury home.”

The kitchens feature&nbsp;top-of-the-range appliances from Gaggenau and Whispair, and a butler’s pantry for extra working space and storage.

[smartcode_project:default project_id=134287 project_image_fid=211714]

The main living areas include a cosy study nook to accommodate work-from-home arrangements, and the master bedroom features an ensuite with a deep shower and large undermount bathtub.

&nbsp;

&nbsp;

“We’ve tried to think beyond just beauty and utility, considering what kind of experiences people want to have in every part of the home," Van Harn added.

"In the bathroom, for example, we have used generous, monolithic sculptural forms and terrazzo flooring, vanities and undermount bathtubs to promote wellness, tranquillity and rejuvenation."

Completion of the project is slated for May 2025.&nbsp;

The family-owned Piccolo has been developing multi-residential projects across Melbourne for the last 50 years. They've previously created multi-res developments Fitzroy House and Elwood House, both of which won a number of awards.

[smartcode_project_cta:default project_id=134287]

Piccolo Managing Director Michael Piccolo said the 2000 sqm site, and its location, was impossible to overlook



Piccolo, Woods Bagot, Hecker Guthrie team up again for Fitzroy's A Piccolo House apartment project

While the RBA's interest rate hikes have hit current homeowners on variable mortgages and put a dampener on consumer sentiment, it's made prospective buyers deposits grow quicker than they have in years.

As banks pass on the mortgage rate increase to home loan customers, they're passing on the same interest rate hikes to those savers, which acts in the reverse to mortgage holders given savers don't actually owe the bank anything.

Some banks are offering saving rates upward of four per cent.

The luxury Melbourne developer, EBG Developments, is offering a unique incentive so buyers can get the best of both worlds.

[smartcode_project:default project_id=5495 project_image_fid=210547]

They're offering buyers at their under construction Martin Brighton apartment development a seven per cent interest rate on their deposit, which will last until the apartments are ready to move in, which will be early 2024.

Buyers have also been afforded a five per cent deposit, as opposed to the traditional 10 per cent.

Projects by Buxton Director Heath Thompson, who is handling the sales at Martin Brighton, says he hasn't seen an incentive like this before.

"A five per cent deposit of the entry-level $1,395,000 apartment is just shy of $70,000, so that could be around $5000 worth of interest a buyer could generate while waiting for the project to complete," Thompson says.

"For the three-bedroom buyers, the interest generated will be over $6,000, and can reach as high as $7,500, based on a five per cent deposit."

[smartcode_project:default project_id=5495 project_image_fid=190763]

Martin Brighton, which is now 40 per cent sold, has just 11 two and three-bedroom apartments, with interiors by the interior design doyenne Miriam Fanning's MIM Design.

Read more:&nbsp;<a href="/news/vic/the-design-behind-martin-brightons-latest-apartment-development-five-minutes-with-interior-designers-mim-design">The design behind Martin, Brighton's latest apartment development: Five minutes with interior designers, Mim Design</a>

“It was important that Martin residents experienced a true scale proportion that you would find in an individual home – size proportion and flow of planning were essential when delivering the design of Martin," Fanning told Urban.

Thompson says the project has proved popular with downsizers due to its unrivalled Brighton location.

[smartcode_project:default project_id=5495 project_image_fid=207670]

"The project is unique in the sense it has a Brighton postcode, but it offers a different lifestyle than what many perceive what living in Brighton is like," Thompson says.

"Martin Street is not about the bay or the beach, albeit they're less than two kilometres away from the project. It's more about the doorstep lifestyle that the Martin Street Village has.

"There's a community feel around Martin St which you don't really get from Bay or Church Street. It's more like Hampton Street was before the recent large scale development."

[smartcode_project_cta:default project_id=5495]

Projects by Buxton Director Heath Thompson, who is handling the sales at Martin Brighton, says he hasn't seen an incentive like this before

Martin Brighton buyers to earn generous 7% interest on deposit

The best way to check if a neighbourhood is a good fit for your lifestyle, is by foot – but to save you the time, we've already done a walking tour of Martin Brighton for you. We picked out 6 local businesses in the area that we think you'll love.&nbsp;

Check out the video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/HlOieTsfcgg" title="YouTube video player" width="660"></iframe>

<h2>MARTIN BRIGHTON AT A GLANCE</h2>

Address:&nbsp;133 Martin Street, Brighton 
Developer:&nbsp;<a href="/developers/ebg-developments">EBG Developments</a> 
Architect:&nbsp;Buchan Group Architects 
Builder:&nbsp;<a href="/builders/manresa-construction">Manresa Construction</a>

[smartcode_project:default project_id=5495 project_image_fid=207665]

If you're keen to learn more about the homes available for sale at Martin Brighton, submit an enquiry via Urban.

[smartcode_project_cta:default project_id=5495]

VIC LOCATION TOUR: What's within walking distance from Martin Brighton?

Infrastructure and population growth are the two key factors when property investors look at suburbs to invest their money.

Of course there are a number of other drivers, such as rental yield and vacancy rate, but population and its growth forecast somewhat drives those two numbers.

Greensborough, in the City of Banyule in Melbourne's East, falls into a Victorian Government high priority precinct, which is attracting investors to the suburb.

There's expected to be a seven per cent increase in population by 2027 in the City of Banyule, and 12 per cent by 2036. As population grows, housing demand intensifies.

Seeking to take advantage of the forecasted population growth is property developer Citinova, whose Albero apartment development is the only project on the market in the area.

&nbsp;

The 45-apartment development is slated for completion in Spring 2023, and investors are looking at Greensborough's strong vacancy rates, under one per cent in the local area.

Greensborough's median rental price for a two-bedroom apartment is $411, according to SQM Research.

Albero apartments start from $460,000 for the one-bedroom product, and $625,000 for the two-bed apartments.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=192840]

Given Greensborough is a Victorian Government high priority precinct, there are a number of government-led infrastructure projects, namely increased transport links.

Work is set to begin on Greensborough's new modern station, which will see services run from the new station every seven minutes. The track will be duplicated between&nbsp;Greensborough and Montmorency and between Diamond Creek and Wattle Glen, to allow more trains to run more often.

Victoria's Big Build worked with local&nbsp;Greensborough residents to talk through the design of the station. They wanted a modern station with natural and earthy tones, as well as native vegetation. There will be 130 solar panels and a rainwater tank as part of the new station building to improve sustainability.

While maintaining a leafy suburb-vibe, Greensborough has a robust local economy. Nearly half of the population earn over $1000 a week and are looking for a home close to work, Citinova suggest.

[smartcode_project:default project_id=4722 project_image_fid=192839]

The City of Banyule’s economy has consistently grown over the past decade, from a Gross Regional Product (GRP) of $4.7 billion in 2007 to $5.7 billion in 2017.

Greensborough itself is home to a range of businesses and industries, including healthcare, retail, and hospitality, all of which contribute to a strong and stable local economy.&nbsp;

The area has several shopping centres, including Greensborough Plaza, which is home to over 180 specialty stores and major retailers such as Coles and Target.

It's also home to a number of local cafes and restaurants, parks, and recreational facilities such as the Greensborough Football Club and the Greensborough Tennis Club, making it an attractive location for families.

[smartcode_project_cta:default project_id=4722]

Seeking to take advantage of the forecasted population growth is property developer Citinova, whose Albero apartment development is the only project on the market in the area

Why investors are looking for value in Greensborough

Melbourne developer Blue Earth Group is seeking VCAT approval to push on with its dual-tower, mixed-use development in a prime location in Maribyrnong.

Blue Earth, led by the Dib family, secured the&nbsp;centrally located site, directly&nbsp;adjacent to Highpoint Shopping Centre, Australia's sixth largest shopping centre, in late 2021.

They are planning two towers at 191 Rosamond Street, which takes up a whole corner block of 1.21 hectares&nbsp;within the defined Highpoint MAC area.

<img alt="Blue Earth" data-entity-type="file" data-entity-uuid="a103e17b-f7db-45c6-a1f9-08f3c2793d08" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-15%20at%2010.40.23%20am.png?VersionId=m6zUSA1LN8Spe_HtVm8EKT8N2UYM9FCl" />

CHT Architects have designed the two buildings, which will home a mix of residential, commercial, and retail spaces. There will be 622 apartments across both buildings, which have been designed to each access either a courtyard for ground level apartments, or a balcony, off the principal living areas.

The higher density tower, at 16 levels, will have 416 apartments. The smaller neighbouring tower will have 206 apartments, and two commercial spaces.

True to Blue Earth's high level of amenity across all of their apartment projects, residents will have access to a co-working space, wellness centre, gym, living and dining rooms, a theatre room, and a rec room.

Car parking will be available for 642 vehicles and there will be 695 bicycle spaces.

The Town Planning Report by Planning &amp; Property Partners noted a number of sustainable initiatives through the design process which will create a greener project.

<img alt="Blue Earth" data-entity-type="file" data-entity-uuid="33f14326-4f7f-4715-be33-bf050778fde7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-15%20at%2010.40.46%20am.png?VersionId=75CfttMZMW5lpbIVSLb9.nNJEnRFT16H" />

"The robust façade design to each of the two buildings and material palette, internal layouts and incorporation of operable windows promote natural ventilation to habitable areas, while maximising daylight to living areas of each of the dwellings through the site’s frontage and building separation provide," the report noted.

"This passive design features are intended to limit reliance on mechanical heating and cooling throughout the year, with pre-cast concrete the noted primary structural materiality for durability and thermal mass performance. High performance glazing to windows will ensure a reduction in thermal loads, which will be assisted by appropriate ratios of fenestration to façade areas of the development."

The 695 bicycle spaces greatly exceeds to statutory requirement, and the site's proximity to existing public infrastructure and serviced amenities&nbsp;aligned within the Highpoint MAC, which will only be enhanced in the future, and assist future residents and users in choosing alternative transport modes. The site has a walk score of 92 out of 100.

"The above mentioned design features and overall design response result in a building which displays an excellent ESD performance which is a feature attraction of the completed development; enhancing user comfort levels and reducing living costs over the lifetime of the building."

<img alt="Blue Earth" data-entity-type="file" data-entity-uuid="244f4bb1-1e83-4b5e-8c85-65556afb85ab" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-15%20at%2010.40.59%20am.png?VersionId=86pyH35EteeVEsWQZF07cSsPKt.OaaIn" />

Building 01 (above) was described as "irregularly shaped", with a streetwall&nbsp;effectively creating a podium/base in presenting to the existing public realm for the upper levels to then sit above. The established base of built form contains the on-site car parking.

Above the base, the upper levels erode the building’s north-eastern corner and continue to create a central void, creating a ‘U shaped’ building envelope in capturing northern light and maintaining a physical separation of around 25 metres from the eastern and western wings.

Building 02 (top), is separated by around 19 and 26 metres from Building 0.1. The two&nbsp;prominent streetwall elements to its south and north to act as ‘book-ends’ of the building to Rosamond Road and which are separated approximately 40 metres from each other on this frontage.

&nbsp;

The family-owned Blue Earth Group have a long track record of delivering apartment projects all across Melbourne.

They're currently selling Porter, in the inner-western suburb of&nbsp;Spotswood. Porter, which will offer both apartments and townhouses from its prime Birmingham Street location a stones throw from Spotswood Oval,&nbsp;will be part of a wider masterplanned precinct.

[smartcode_project:default project_id=112971 project_image_fid=198404]

Spotswood Yards was originally the Victorian Railway Workshops complex including the former Ways and Works Workshop. A railway line connecting Melbourne with Williamstown opened in 1859, passing through the area that became Spotswood.

<h2>Fast Facts</h2>

Site size: 1.12 hectares

Apartments: 622

Parking: 642

Bicycle Parking: 695

Building 01

<ul>
	<li>&nbsp;16 levels&nbsp;</li>
	<li>&nbsp;416 apartments</li>
	<li>&nbsp;154 one-bedroom apartments</li>
	<li>&nbsp;248 two-bedroom apartments</li>
	<li>&nbsp;14 three-bedroom apartments</li>
	<li>Open communal space with community garden, bowls court, barbecue areas, turfed areas</li>
	<li>Level four internal communal space for shared dining, living, and recreational activities.&nbsp;</li>
</ul>

Building 02

<ul>
	<li>14 levels</li>
	<li>Two commercial offices</li>
	<li>206 apartments</li>
	<li>96 one-bedroom apartments</li>
	<li>106 two-bedroom apartments</li>
	<li>Four three-bedroom apartments</li>
	<li>Level two communal open space</li>
</ul>

They are planning two towers at 191 Rosamond Street, which takes up a whole corner block of 1.21 hectares within the defined Highpoint MAC area

First look: Blue Earth Group seek VCAT approval for mixed-use Maribyrnong development

Development Victoria is making it easier for buyers to get a foot in the door in its latest residential development, <a href="/buildings/coomoora-townhomes-springvale-south-15-29-coomoora-road-springvale-south">Coomoora</a> in Springvale South.&nbsp;

With just a 10 per cent deposit, buyers can purchase a home at <a href="/buildings/coomoora-townhomes-springvale-south-15-29-coomoora-road-springvale-south">Coomoora</a>, located in Melbourne’s established south-east, and there’s nothing more to pay until settlement.&nbsp;

You simply need to choose a floorplan that suits you and any upgrades, sign a fixed price contract and&nbsp; the rest is taken care of by Development Victoria.

[smartcode_project:default project_id=104061 project_image_fid=209878]

With no progress payments required buyers can continue saving whilst their townhome is being constructed.

A limited number of two, three and four-bedroom townhomes remain at <a href="/buildings/coomoora-townhomes-springvale-south-15-29-coomoora-road-springvale-south">Coomoora</a>, with the final release coming soon.

Development Victoria also has a special offer available where you can secure a two-bedroom home at <a href="/buildings/coomoora-townhomes-springvale-south-15-29-coomoora-road-springvale-south">Coomoora</a> with just a five per cent deposit. This is ideal for first home buyers wanting to enter the property market.&nbsp;

These modern townhouses are also built with a range of sustainable inclusions as standard, meaning homes require less energy to heat and cool, minimising running costs and enhancing occupant comfort while also reducing the home's environmental impact.

The homes achieve a 6.5 Star NatHERS rating, along with featuring heat pump hot water and minimum 3.5KW solar PV systems.

[smartcode_project:default project_id=104061 project_image_fid=209883]

Double glazed windows help to minimise external noise and the sealed air gap between the two panes acts as an added layer of insulation, reducing heat loss in winter, keeping the homes at a more comfortable temperature, while heat pump water systems are in place, utilising heat from the surrounding air to reduce energy usage.&nbsp;

EV charger provisions are also in place across all homes, while residents will also be able to monitor energy usage with an energy monitoring system.

Through best practice design and construction, investment in innovation, and partnerships with industry leaders, Development Victoria aims to create places with a strong legacy. It’s about doing everything they can today, for a more sustainable tomorrow. This means that their homes need to be comfortable, resilient, affordable and healthy to live in.

[smartcode_project:default project_id=104061 project_image_fid=209872]

A range of Government grants are also on offer for buyers in Victoria, including the Victorian Homebuyer Fund, First Home Owner Grants and Stamp Duty Concessions.&nbsp;

The Victorian Homebuyer Fund allows buyers with a five per cent deposit saved to buy their home receive up to a 25 per cent contribution of the purchase price, in exchange for an equivalent share in the property.

The $10,000 First Home Owner Grant can also be utilised on townhomes at Coomoora, for homes valued at $750,000 or less, while the government will also remove stamp duty payments for homes valued under $600,000. Eligibility criteria applies to all Victorian Government grants.

[smartcode_project_cta:default project_id=104061]

Buying a home at Coomoora is easy thanks to Development Victoria

RPM Group has spent years at the forefront of Australian property development.

It was only natural they would expand its off the plan project marketing space into the inner ring of Melbourne and Geelong at some point, having dominated the house and land&nbsp;and townhouse&nbsp;space since 1994.&nbsp;

The growing&nbsp;team is being led by industry veteran Nic Cuni, who has held Director roles at both Colliers and CBRE.

“Our focus is on off the plan apartment and townhouse projects;&nbsp;we have already secured several projects in key areas and the team is growing as a result,” Cuni commented.&nbsp;&nbsp;

Cuni says the opening of the metro project marketing arm was an inevitable step for the established company, who has built an extensive Research, Data &amp; Insights division since its inception.&nbsp;

He says the aim is to use RPM’s industry-leading research capabilities to help developers launch successful projects.&nbsp;

"We're in a unique position where we can collaborate with our Research, Data &amp; Insights division, which is industry leading, to help developers from the outset of their project journey," Cuni says.&nbsp;

"We can get up to the minute data from our in-house research department, which includes but isn't limited to, pricing, demographic, and migration. &nbsp;Our data-driven approach means we’re best equipped to generate the right product, right pricing, and, most importantly, right time and strategy to launch."&nbsp;

They've certainly timed the launch of Early 3191 well; the new Rothelowman and Adele Bates designed townhouse development in Sandringham.&nbsp;

[smartcode_project:default project_id=138081 project_image_fid=209564]

The first venture for DM Property, headed by Brendan Mullan and David Dordevic, Early 3191 has already generated in excess of 500 leads.&nbsp;

There are just 35 townhouses on offer in the community.&nbsp;

"We worked with Brendan and David to identify a gap in the market and determine the type of product that would resonate with buyers in that location," Cuni says.&nbsp;

"There's not many townhouses, if any, which are priced below $2 million in one of Bayside's most premium suburbs."

[smartcode_project:default project_id=138081 project_image_fid=209566]&nbsp;

RPM is preparing to launch DM's next project, 129 apartments in Geelong, an area Cuni knows well.&nbsp;

Before joining RPM, Cuni all but sold out Franze Developments' Ryrie Home, a mixed-use hotel and apartment project in downtown Geelong.&nbsp;

Cuni expects to see a similar demographic buying into 1 York Street, which attracts a "Melbourne-style apartment buyer."&nbsp;

"Young professionals were the most prominent buyer demographic at Ryrie, the majority being female," Cuni says.&nbsp;

"They want a safe and secure apartment, but also want the food and beverage precinct that central Geelong has to offer, rather than some of the larger home estates being built further inland. Additionally, the median price in Geelong’s CBD and surrounding suburbs are exceeding their budget. Most buyers want the postcode without the price tag”&nbsp;

Cuni says they've got good collaborators on board for 1 York Street.&nbsp;

"Rothelowman is again handling the design of the project, which will have 129 apartments across a six-level building, as well as nine commercial tenancies.&nbsp;

"It will bring another central opportunity for buyers, with extensive amenity literally at their doorstep."&nbsp;

DM secured the massive 3,453 sqm site, opposite the Quest hotel, last year.&nbsp;

RPM Managing Director of Project Marketing, Luke Kelly says “the expansion of our Project Marketing Division into Metro Melbourne and Geelong made complete sense; our sophisticated and diversified approach to the sales and marketing of projects for our clients is what sets us apart from the traditional project marketers in these areas.”

Read more:&nbsp;<a href="/news/vic/rothelowman-designed-townhouses-early-3191-to-bring-something-new-to-sandringham">Rothelowman-designed townhouses Early 3191 to bring something new to Sandringham</a>

The first venture for DM Property, headed by Brendan Mullan and David Dordevic, Early 3191 has already generated in excess of 500 leads

RPM Group launches Metro Project Marketing division with $50m townhouse development in Sandringham, Early 3191

2022 was an uncertain year in the property industry, as aggressive interest rate hikes by the Reserve Bank saw sentiment drop drastically, along with prospective buyers' budgets.

But award-winning developer Pace Development Group pushed on with a number of projects, and they're commitment to launching in what many felt was a tricky period has paid off in spades.

Ash Bramich, Sales and Marketing Director at Pace, said that there’s no point waiting around for the market to correct itself and bottom. 
 
“As long as developers are confident their product matches extensive research on the expected buyer demographic, then you’ve got to take the opportunity to get it in front of those buyers,” Bramich told Urban.

"Buyer demand has still very much been there.

"If you’re delivering a product which is what consumers are looking for, in quality suburbs, then you’ll achieve sales.

"We launched two projects [The Darley on Flemington Racecourse and Pace 3058 - Coburg] despite the headwinds in the property market, and now we're in a position to begin construction."

[smartcode_project:default project_id=24822 project_image_fid=254342]

There’s also the case of the issues surrounding demand v supply. Because of the lack of product on the market, Bramich says that, despite consumer sentiment taking a hit, there were still considerably more buyers out there than what was on the market.

The 5,100 apartments launched for sale across Melbourne in 2022 was the lowest number of launches recorded over the past decade, almost -80 per cent lower than the peak levels during 2014 and 2015, analysis by consultancy firm Charter Keck Cramer found.

Also at decade lows was the total number of apartments which began construction in 2022. Just 5,200 apartments started construction, -77 per cent lower than the 2015 peak of 22,500 apartments.

By generating sales last year,&nbsp; Pace have now started construction on both their Flemington and Coburg projects, which allows the team to offer greater buyer confidence during the sales process.

"We can now communicate to buyers two things; a clear sign the project is going ahead with works already underway, and a more accurate completion date of the build."

The Darley, which will comprise 313 apartments and is over 60 per cent sold, is forecast to complete construction by early-2025. Pace 3058 - Coburg has sold over 60 per cent of its 312 apartments. That's expected to be completed by mid-2024.

<img alt="The Darley Pace" data-entity-type="file" data-entity-uuid="e0681786-d13f-45d2-92bb-133f0771e13a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%201.58.21%20pm.png?VersionId=TutHEmqnKBTJVHs34RoCzYqdT12Mv1EE" />The Darley on Flemington Racecourse. Image supplied

Bramich says he's never seen a market with such contrarian views.

"There's a lot of cyclical factors that are quite contrary and conflicting at the moment," Bramich says.

"On one side of the coin, you've got the headline issues around consumer confidence, increasing rates, cost of construction and difficult to predict completion timelines. On the other side however, unemployment is at record lows, immigration is going up and is forecasted to soar, particularly in Melbourne, and there's huge undersupply of apartments which always drives prices up," Bramich says.

Melbourne's population is forecasted to grow by 89,000 people in FY 2023, around 105,000 in FY 2024, and 101,000 in FY 2025, according to Plan Melbourne 2017-2050.

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.

Bramich says inevitably the lack of supply will drive prices higher over the short term, and that will become long term if construction doesn't meet the forecasted population growth.

While interest rates have pinched the budgets of young professionals and investors, Bramich is seeing high demand from the downsizer demographic.

"There's a huge cohort of owner-occupiers with little debt or no mortgage, who are still ready to execute if there's product that ticks their boxes," Bramich says.

That's the target market for their upcoming Fitzroy project, Fabbrica, which Bramich expects will lure those empty nesters wanting to move back to a more active area.

Pace have geared Fabbrica toward this demographic, with larger than standard floor plans on offer, as well as double garage, large balconies, and high ceilings.&nbsp;

The&nbsp;one-bedroom apartments range from 52 sqm to 65 sqm, while two-bedroom&nbsp;apartments start from around 90 sqm and go up to 120 sqm. The three-beds range from&nbsp;130 sqm to 250 sqm.

SJB Architects will restore the current buildings on the corner of Johnston and Gore streets, which were selling for the first time in five decades when Pace snapped up the site. In keeping with the signature streetscape of Fitzroy, the facades will be restored to their original brick finish.

"We've already been seeing a lot of enquiry from those blue ribbon suburbs like Armadale, Kew, Malvern, the suburbs which are more geared to grand family homes.

"For these buyers, their kids have headed off to university or are now young professionals, and they can cash out their homes for anywhere between $4 million and $10 million, and are wanting to spend between $3 million and $5 million on an apartment in a 'cooler' suburb.

"They want to immerse themselves in a suburb which is more reflective of culture, with arts, cafes, and local restaurants."

Bramich says Fitzroy and Collingwood are probably two of the strongest suburbs to sell projects in.

"Buyers want heritage facades, light industrial features, tree lined streets, all of the characteristics Fitzroy and Collingwood are well known for. Most importantly it’s about being back in the buzz of a suburb they’ve not lived in since their 20s or 30s.

"There's a cohort of people who don't need to be sold on the area, they're simply just waiting for the appropriate product."

Expecting a big year in the markets, Pace also have 90 apartments soon to launch in Sunshine North, part of their riverside and lakeside masterplan where there's limited townhouses remaining. Bramich says the apartments will be more geared toward the first home buyer demographic.

Toward the end of the year Pace will launch Pace Brunswick, around 90 apartments fronting the popular Lygon Street, next to Methven Park. That will have one, two, and three-bedroom apartments.

Always looking forward, Pace are currently working with the Frankston City Council on their proposed plans down on the Mornington Peninsula&nbsp;located beachside of the Nepean Highway.

They're wanting to create a mixed-use residential and lifestyle precinct, bringing a high-level of retail and dining experiences to the suburb, set underneath around 200 apartments. Pace always put a large focus on amenity. They have plans for a 25 metre rooftop pool with sweeping views across Port Phillip&nbsp;Bay, a cinema, and a&nbsp;health and wellness area.

Ash Bramich, Sales and Marketing Director at Pace, said that there’s no point waiting around for the market to correct itself and bottom.


Pace take advantage of demand v supply in 2022 and kick off construction in Flemington and Coburg

St Kilda Road has long held some of Melbourne's most iconic residential buildings, going back to the early 1990s when The Domain sold out off the plan.

Now it's one of the strip's most notable buildings.

St Kilda Rd was previously lined with offices in the 1960s and 1970s, which were built after grand mansions were demolished. The conversion into residential developments started at the northern end of the long street, closer to the city.

The most sought-after spot nowadays is the small pocket directly across the road from Albert Park Lake. That's what developer Sunnyland Investment Development Group (SIDG) banked on back in 2010, when they bought the well-known Clemenger BBDO building.

For over a decade the five-level office block at 474 St Kilda Road has been an investment for SIDG. But timing the imminent departure of the Clemenger team to the refurbished David Jones menswear building in Bourke Street Mall, SIDG has revealed their plan for the 4,645 sqm site.

They've just launched&nbsp;Park Quarter, a striking, flora-laden tower designed by a trio of Melbourne's best architects and designers.

[smartcode_project:default project_id=134959 project_image_fid=210773]

Sunnyland has been working alongside Colliers Victoria for a number of years, putting together the plans and the sales and marketing strategy. They were almost ready to pull the trigger, before COVID hit. They hit the pause button, and waited for the right time to launch, which they believe is now.

Colliers Director Zoe Powell says Park Quarter offers a rare opportunity in one of Melbourne's best locations.

"There's not been a lot of new development on St Kilda Road in the last few years. There's limited opportunity to buy brand new, certainly in this pocket across the road from Albert Park," Powell says.

"SIDG has brought on a quartet of Melbourne's best design team to create Park Quarter, and the end result is something completely different to what St Kilda Road has seen before."

[smartcode_project:default project_id=134959 project_image_fid=210783]

Cox Architecture, DKO, Carr and Paul Bangay all collaborated on the design, which was inspired by the nearby Fawkner Park. Park Quarter has a Walk Score of 88 and a Transit Score of 92. The new Metro Tunnel will further improve the Transit Score. The Anzac Station will be located on the&nbsp;St Kilda Road/Swanston Street tram corridor,&nbsp;the busiest tram corridor in the world.

Powell is already fielding enquiry from a wide buyer demographic, particularly from owner-occupiers either trading up or downsizing.

The timing of the launch has coincided with the current supply issues in Melbourne, which, in turn, is having a material impact on the rental market.

"The supply issues and rental crisis means you have two more prominent buyer camps on top of what we usually see," Powell says.

"You have investors who are eyeing stronger rental returns than they've probably ever seen, and you've got first home buyers and local renters who are speeding up their saving and purchasing timelines as they don't want to rent anymore.

[smartcode_project:default project_id=134959 project_image_fid=210774]

"There are a lot of renters who live locally and will be looking at Park Quarter as their first home."

Park Quarter apartments start at $495,000 for the one-bedroom apartments, which start from a generous 66 sqm. Two-bed apartments start from $985,000 and three-bedrooms from $1,677,000.

There are 244 apartments on offer in total, which are located from levels six up to level 16. Levels 17 and 18 will home four exclusive penthouses, each with their own private rooftop terrace with a pool and spa.

The apartments will sit atop a Marriott Executive Apartment, one of the first in Australia.

[smartcode_project:default project_id=134959 project_image_fid=210777]

Residents of Park Quarter can have access to all of the hotel amenity through a club membership subscription, but they'll also have their own amenity. They will have everything from a 24/7 concierge, a pool, gym, and co-working spaces, to a theatre room and a golf simulator, plus pet wash room, mud room equipped with high pressure wash machine, and smart parcel lockers.

Residents of Park Quarter will have access to all of the hotel amenity, but they'll also have their own amenity. They will have everything from a pool, gym, and co-working spaces, to a theatre room and a golf simulator.&nbsp;

Powell says the fact SIDG have had the site for so long is a huge tick for the project.

"SIDG bought the site when we were living in a different world," Powell says.

"The site doesn't owe them anything, so they can have a very different approach to other developers. We have a string of developers who are ready to purchase sites for their next projects, but it's a tricky time to get everything aligned, from the cost of the land to construction timelines and&nbsp;

[smartcode_project_cta:default project_id=134959]

Park Quarter launches on Melbourne's sought-after St Kilda Rd precinct

If you're looking for a suburb that offers the perfect balance of natural beauty and urban convenience, then Alphington should be at the top of your list. The Melbourne suburb, located just seven kilometres northeast of the city's CBD, has become a hot spot for families due to its exceptional transport links, educational opportunities and outdoor pursuits.

With a population of over 5,000, Alphington offers an ideal combination of urban convenience and natural beauty that ticks all the boxes when it comes to raising a family.

Tucked away in the leafy suburb is HOME, the 324-apartment project, bound by Heidelberg Road to the north, Darebin Creek and the Yarra River to the south and south-east, while Merri Creek sits to the west of the site.

[smartcode_project:default project_id=24441 project_image_fid=84981]

The development offers a range of two and three-bedroom apartments, which capitalise on the community's proximity to all things convenient and sought after by families and children alike.&nbsp;

Education is a strong suit of Alphington, with some of Melbourne's most prestigious educational institutions located within a 10-minute drive from HOME. From primary to tertiary, there are plenty of options to choose from, including Alphington Grammar School, which offers co-educational learning for students from pre-school to year 12, in addition to several primary schools in the area, including St Anthony's Primary School and Alphington Primary School.&nbsp;

For families with younger children, Alphington also offers a range of childcare and early learning centres as well.&nbsp;

Additionally, major retail hubs are also located within close proximity, making shopping and entertainment easy and convenient, with&nbsp;Highpoint Shopping Centre and Northland Shopping Centre nearby, along with several boutique stores and independent retailers along&nbsp;Station Street and Heidelberg Road.

Aside from education, Alphington boasts of an abundance of green spaces and recreational facilities, making it an ideal location for families who enjoy outdoor activities.

[smartcode_project:default project_id=24441 project_image_fid=84979]

From bushland and parks to open spaces and river trails, the suburb has it all. Darebin Parklands, Yarra Bend, and Alphington Park are just a few of the natural gems waiting to be explored. For sports enthusiasts, there are plenty of options too, including the Alphington Bowls Club, Alphington Netball Club, Yarra Bend Golf Course, and Latrobe Golf Club.

Alphington's transport links are another major drawcard. With exceptional train and bus connections within easy walking distance, getting around is a breeze. The recently upgraded Hurstbridge line runs regular services to the CBD, while several bus routes make travelling by public transport even more convenient.

For those who prefer to drive, major employment, health and tertiary precincts are nearby and easily accessible via the recently expanded Chandler Highway.

For cyclists, Alphington offers an extensive network of bike trails that skirt the Yarra River on the Darebin Trail, taking riders on picturesque routes all the way to the city.

Catering to small families or growing families, the spacious two-bedroom apartments span from&nbsp;81 sqm, offering two-bathrooms and one car space, while the three-bedders cover from 142 sqm, with two-bathrooms and two car spaces.&nbsp;

[smartcode_project:default project_id=24441 project_image_fid=167646]

With style and function the guiding principles in the design of the HOME apartments,&nbsp;each feature timeless oak timber for all the flooring and cabinetry, which connect to open plan living spaces, opening up the homes to the whole family.

Generous storage keeps the apartments uncluttered, while stone benchtops, open shelving and European appliances make the kitchens the heart of the homes and a place for the whole family to enjoy.&nbsp;

The building itself is also home to its own park, located on level four of the development, with over&nbsp;3035 sqm of open space.&nbsp;Here residents will find a communal garden with plenty of seating, along with a barbecue area, a kid's play zone and a dedicated dog run.

There's also a rooftop cinema, as well as a Star Garden and lounge, and a glass-edged pool, which takes in expansive vistas to the city skyline and surroudning suburbs.&nbsp;

[smartcode_project_cta:default project_id=24441]

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