<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?

Melbourne’s Altona North is renowned for its industrial past.

The suburb's industrial origins can be traced back to the establishment of the Altona Oil Refinery in 1949, which was built by BP and was the largest oil refinery in Australia at the time.

Factories and warehouses followed, as did prominent industrial companies, with the likes of Ford Motor Company establishing themselves in the area in 1956.&nbsp;

The industrial development of the suburb had a significant impact on the local community. A population boom ensued as people moved to the area in search of employment, which led to extensive infrastructure improvements such as roads, schools, and healthcare facilities.

[smartcode_project:default project_id=29947 project_image_fid=187293]

And now Altona North, just 11 kilometres of Melbourne CBD, is undergoing a huge gentrification, and is being targeted by young professionals and families.

Acquiring the site back in 2017, ASX-listed developer Stockland identified Altona North as a thriving suburb for their latest residential community, Haven.

In conjunction with the property undergoing a rezoning from Industrial use to General Residential Use, the newly established community was created as one with convenient connectivity and liveability, catering to residents from all walks of life.

Haven forms part of a broader 67 hectare Precinct 15 urban renewal zone which will eventually include approximately 3,000 new dwellings as well as office buildings, retail premises, and public areas.

Stockland, during the design phase, focused on a vision to create an active inner west neighbourhood that brings together contemporary designs influenced by the industrial heritage.&nbsp;

In collaboration with renowned SJB Architects, the homes boast seamless, open-plan living spaces that integrate with the surrounding environment.&nbsp;

In conjunction with this, one of Haven’s key pillars is a strong sustainability focus and that is showcased through community initiatives and townhome designs.

The community combines smart, sustainable features as standard with open, flowing living spaces.&nbsp;

[smartcode_project:default project_id=29947 project_image_fid=159031]

The townhomes, which have an average 6.5 star Nationwide House Energy Rating Scheme (NatHERS) rating, have features including 1.5kW of solar panels, double glazing, a rainwater tank or solar hot water unit, while also incorporating natural light and economical water usage to reduce the overall household carbon footprint and energy bills.&nbsp;

The biggest uptake in the community has come from first home buyers, due to Haven’s competitive price point, with the cheapest two-bedroom offering currently priced from $694,065.

Connectivity has also been a big drawcard, with the suburb easily accessible by car, train, bus and bike, offering quick and easy access to Newport and Spotswood train stations, which connect directly to Melbourne’s CBD within 15 minutes. And for those heading further afield, the train line offers a direct link to regional centres like Geelong, Ballarat, and Bendigo.

A number of bus routes traverse Altona North as well, while cycling and walking trails along the Maribyrnong River offer a scenic way to explore the area. For drivers, the West Gate Freeway is just a stone’s throw away, making it easy to commute to the heart of Melbourne’s CBD.

What sets Haven apart, however, is its commitment to creating a sustainable, green, and close-knit community. Stockland is creating a small neighbourhood, which includes a 4,000 sqm park with a playground designed for four to 10-year-olds, a picnic shelter, and barbecue facilities. The park will be the focal point for community events.

[smartcode_project:default project_id=29947 project_image_fid=93185]

Haven’s parks and trees will be nurtured with passive irrigation that captures storm water without wasting precious drinking water. This improves tree growth and increases amenity in the streetscapes.

Residents will also be within close proximity to a range of sports and recreational facilities within the Altona North community, including a gym, public pool, badminton centre, indoor climbing, and a golf course. And with the Maribyrnong cycle path, parklands, and reserves all within reach, there will be no shortage of opportunities to stay active and explore the neighbourhood.

Of course, it’s not all about physical activity. Altona North also offers an abundance of local eateries, shops, and retail therapy opportunities, from major shopping centres to local boutiques.

For families with young children, Altona North has plenty to offer as well. With quality day care, swimming, art, and drama centres all within the catchment area, with families well catered for in the area.

Plus, there are a number of established schools within walking distance, including Altona North Primary School, Newport Lakes Primary School, and Bayside Secondary College. The nearby Altona North Library also provides learning options and community activity spaces.

[smartcode_project_cta:default project_id=29947]

Altona North: From thriving industrial precinct to creative corridor

The Melbourne unit market looks like it's following the upward swing in capital city property prices across the country.

The unit market, which incorporates apartments and townhouses, contracted -0.2 per cent over February, but that followed steep -1.1 per cent declines in January and -0.8 per cent in December.

Melbourne's unit market is now -2 per cent down so far in 2023, and 5.7 per cent over the last 12 months, the third worst performing capital city unit market behind Hobart (-10.1 per cent) and Sydney (-10 per cent).

The unit market in the Victorian capital has considerably outperformed the housing market over the last year. That's down -11.2 per cent, nearly double the unit market, after further -0.5 per cent declines over February.

Projects by Buxton Director Heath Thompson says the February rate increase has resulted in poor market sentiment from buyers, as well as decreased volume of enquiry.

"What was even more impactful was the commentary from the RBA around the rate announcement, suggesting multiple interest rates are likely to follow in the coming months," Thompson says.

[smartcode_project:default project_id=5495 project_image_fid=210547]

There are some factors however which are pointing to a positive outlook, Thompson suggests.

"The market fundamentals have some blue sky on the supply and demand equation.

"Rents are increasing at speeds not seen in recent memory and new dwelling approvals are the lowest since 2012. New construction starts are showing even less supply is coming to the market.

"On the demand side, we see buyers with very little choice for established or new property, increasing immigration and significant lack of rental property to service growing demand."

According to data from Charter Keck Cramer,&nbsp;there were a total of 5,100 apartments launched to the market in 2022, the lowest number of launches recorded over the past decade and was almost -80 per cent lower than the peak levels during 2014 and 2015.

[smartcode_project:default project_id=112375 project_image_fid=204410]

"In “normal markets” these conditions would see price rises which is what I’m expecting in the next 12-18 months, allowing more projects to absorb constructions costs and we will likely see a rapid rise in new development approvals and construction starts."

Thompson believes the bottom of the market can't be far off.

"The question we often get asked is “when is the market going to bottom out?” I don’t know the answer to that however, it can’t be far off and I do know that new projects will have to rise in value to become feasible.

"Rises in value are inevitable, its just a matter of when."

The median unit value in Melbourne is now $585,000, down from $626,000 this time last year.

CoreLogic's national index declined -0.14 per cent over February 2023, the smallest monthly fall since May 2022 (-0.13 per cent), when rate hikes commenced.&nbsp;

CoreLogic’s research director, Tim Lawless, said the stabilisation in housing values over the month coincides with consistently low advertised supply levels and a rise in auction clearance rates.

“The past four weeks have seen the flow of new capital city listings tracking -17.0% lower than a year ago and -11.9% below the previous five-year average,” Lawless said.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

[smartcode_project:default project_id=108897 project_image_fid=180973]

“The past four weeks have seen the flow of new capital city listings tracking -17 per cent lower than a year ago and -11.9 per cent below the previous five-year average,” Lawless added.

“This trend towards a below average flow of new listings has been evident since September last year, coinciding with a loss of momentum in the rate of value decline.”

Lawless however suggested the recent stronger results don't necessarily indicate the market has bottomed.

“Considering the RBA’s move to a more hawkish stance at the February board meeting, along with an expectation for a weaker economic&nbsp; performance and a loosening in labour markets, there is a good chance this reprieve in the housing downturn could be short-lived,” Lawless said.

“We also have the fixed-rate cliff ahead of us; arguably the full impact of the aggressive rate hiking cycle is yet to play out.”

Melbourne's unit market is now -2 per cent down so far in 2023, and 5.7 per cent over the last 12 months

City Beat: Melbourne unit market insights for February

Luxury developer Tim Gurner and his wife Aimee have listed their luxury two-level apartment at GURNER's&nbsp;Saint Moritz project in St Kilda.

The two-level, 500 sqm apartment has four bedrooms, five bathrooms, a six-car garage, and is one of just 20 apartments in St Moritz that features floor-to-ceiling water views and private lift access.

The Gurner's retained the apartment when the project, designed by Fender Katsalidis, Koichi Takada, and interior designer David Hicks, was first launched.

<img alt="Saint Moritz" data-entity-type="file" data-entity-uuid="35ec3cce-2c1d-4246-9e8d-be382cfc47e2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%201.59.50%20pm.png?VersionId=obEPjndb3_8K4TQpxHfsy26fHAhg6aRN" />

The interiors have been completely customised and designed personally by Tim and Aimee, who is an interior designer, in consultation with the GURNERTM design team.

Entry is through a marble-clad lift lobby, which meets a six-metre double-height void in the kitchen, living and dining zones to maximise the water views.

Over $500,000 worth of Italian stone and marble including Calacatta Gold, Nero Marquina and Travertine frame the interiors from the custom kitchen island through to the custom-designed cabinetry and joinery.

<img alt="Gurner" data-entity-type="file" data-entity-uuid="837d7271-7778-4fbd-bfb9-e044360b10e3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%202.00.03%20pm.png?VersionId=Z3XOgZnRPd8CIN1iAcAp2yvhzH2D3ZiG" />

The kitchen features an almost five-metre long island, and a concealed butler’s kitchen.

The second living and entertaining space showcases a bespoke billiards table complete with custom finishes and design detailing, while the secluded games lounge is equipped with a kitchenette featuring integrated Liebherr and Vintec refrigeration.

A curved custom-designed helical staircase leads to the second level,&nbsp;finished in polished plaster with a custom brass floating handrail and feature LED lighting. The staircase cost $500,000 to install.

The master suite occupies almost the entire top floor, complete with a custom $120,000 sauna in the grand ensuite, an expansive walk-in robe, separate study and stunning private living retreat with an open fireplace to soak up the bay views.

<img alt="Saint Moritz" data-entity-type="file" data-entity-uuid="26df2d7a-6e78-4098-95ed-4c13ad8151b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-03%20at%202.00.11%20pm.png?VersionId=6RFAP1M83c2mIuwpOufBJUx2TtMAt6HD" />

"When we launched Saint Moritz, we set out to create something that simply did not yet exist in the market, something that had no comparable sales or properties, something that was only emulated in five star resorts in places like New York, Miami or London," Tim Gurner says.

“We took inspiration from around the globe and then pushed it even further with the on-site amenity and dedication to wellness at Samsara. The result is like having your own private-day spa retreat downstairs.

“These unique and truly incomparable elements led to the insatiable demand when Saint Moritz first went to market.

“My wife Aimee and I worked closely with our GURNER design team to create a residence that represents the most luxurious elements of modern life, while taking the Saint Moritz experience to another level yet again.

“Wellness is such a pivotal pillar of my life which is why we wanted to complement the amenities of Samsara downstairs with the residence’s own private wellness features. The benefits of infra-red saunas are incredible and I incorporate the practice into my own daily routine, so we included the custom sauna to the master suite upstairs.

“After living through COVID, we as a community have turned to more intimate dining and entertaining with friends so the custom bar, games lounge and billiards table make the most of this incredible residence – why go out when the new owner can entertain guests at home while Port Phillip Bay shimmers in the foreground.

“My favourite element of the residence has to be the incredibly rare and sought after double height living and dining space that open up to the incredible bay and water views, which offer a front row seat to some of the most breathtaking sunsets I have ever seen.

“Due to the investment into quality, rarity, luxury and the lived experience in both this residence and Saint Moritz, we are expecting interest from both local and international buyers,” Gurner said.

Within the home is an exclusive selection of furniture, handpicked by Tim and Aimee, from luxury overseas brands including B&amp;B ITALIA, MAXALTO and Louis Poulsen, complemented by bespoke pieces locally produced by Australian artisans and manufacturers.

The furniture is worth a combined total of over $500,000 and is available for select buyers.

Full inclusions and custom design elements include: 
 
• Three bio-ethanol fireplaces clad in feature stone (living/dining, games bar lounge and 
executive lounge with a total approx. cost of $150k) 
• Bespoke sauna to master ensuite (total cost approx. $120K) 
• Hand selected Calacatta gold marble to kitchen, ensuites, bedrooms and entry lobby 
• Nero Marquina marble to games room bar, entry lobby and powder room 
• Italian Travertine throughout all bathrooms and bespoke TV niche/ fireplace to the executive 
and games lounge (total combined value of marble exceeds $500k) 
• Exclusive underground VIP lockable store fitted with a 50-bottle Vintec Wine Fridge 
• 6 car private garage 
• Bespoke billiard table with custom finishes and details 
• Private lift entrance 
• Bar area 
o 2 x Liebherr integrated below bench fridges 
o 2 x Vintec wine fridges 
o 2 x Vintec bar fridges 
o Kitchenette with Gaggenau oven, gas cooktop, and dishwasher 
• Kitchen/butlers 
o 2 x Gaggenau ovens 
o Large 900mm wide Gaggenau Gas cooktop 
o 2 x fully integrated Gaggenau Dishwashers 
o 1 x Gaggenau Steam Oven 
o 1x Gaggenau Combi Microwave

The residence also has access to the building’s luxury private club facilities including:

• Samsara, the most ambitious health and wellness facility ever offered on a private residential 
scale, including an underground pool, cryotherapy chambers, float tanks, private bookable 
spa and treatment rooms, salt rooms and on-call treatment practitioners and services 
• A luxury South Yarra BMW 7-series car and private driver bookable for residents’ personal 
use 
• 5.5m-high Porte Cochere entrance leading to a hotel-style welcome lobby with a full-time 
concierge and valet 
• A 12-seat private bookable cinema room 
• 16 full-time staff across resident services, concierge, wellness and valet 
• An underground ‘Champagne Bar’ and wine room 
• Services including car washing, dog minding and grooming, housekeeping and laundry 
services, along with private dining and catering, all managed in-house and available on-call

Tim Gurner lists private Saint Mortiz apartment for $15 million

In the heart of Ivanhoe, a sought-after pocket of Melbourne, lies a residential development that has been designed to provide residents with an unparalleled living experience.

Developed by KM Develop, Rose St. Quarter has been designed by award-winning architects Ewert Leaf, delivering a collection of generously proportioned one, two and three-bedroom residences that offer all the benefits of a premium, hillside corner location, many with unobstructed views to the city and surrounds, and easy accessibility to nearby amenity including Ivanhoe Village and Darebin Station.

But what also sets Rose St. Quarter apart from other residential developments in the area is its array of amenities that are designed to simplify each residents life and give more time for the things that are enjoyed.

[smartcode_project:default project_id=109831 project_image_fid=205110]

<h2>EV Charging</h2>

For those who own electric vehicles, charging them can be a hassle. But not at Rose St. Quarter.

The development offers an option for individual power outlets to all resident car parking spaces, making charging electric vehicle as easy as plugging it in.

<h2>Integrated Parcel Delivery</h2>

With the rise of online shopping, parcel delivery has become an essential part of our lives. But worrying about missing a delivery or having to wait in line at the post office can be a real inconvenience.

At Rose St. Quarter, residents can enjoy the convenience of contactless, secure, integrated parcel delivery at any time of the day, thanks to the convenient parcel lockers in the lobby.

[smartcode_project:default project_id=109831 project_image_fid=197206]

<h2>Car Wash</h2>

No one enjoys spending their weekends washing their car.

Rose St. Quarter mitigates the hassle, allowing residents to save time and money with the convenience of an onsite car wash in the basement.&nbsp;

<h2>Dog Wash Bay</h2>

Furry friends haven't been forgotten at Rose St. Quarter either, with an integrated dog wash bay implemented in the design.

The on-site bay gives residents the opportunity to enjoy the local parks and gardens with their pets, without having to track the outside into their apartments.

[smartcode_project:default project_id=109831 project_image_fid=197201]

<h2>Security</h2>

Feeling safe and secure is essential for any resident.

At Rose St. Quarter, residents will feel safe and secure with card access to the building, remote control access to the car park, audio and video intercom, and CCTV security throughout.

<h2>A Tranquil Sanctuary</h2>

With the hustle and bustle of city living, having a space where you can unwind and relax is crucial.

Rose St. Quarter adopts a clever stepped back design, double glazing, and strategic planting, which ensures that residents can enjoy a restful space away from the outside world, while always being connected with nature.&nbsp;

[smartcode_project_cta:default project_id=109831]

The amenity on offer at the Ivanhoe apartments, Rose St. Quarter 

Horse racing enthusiasts are in for a treat with the launch of the hotly-anticipated Trackside House, located within the $2 billion redevelopment of Moonee Valley Racecourse.

Approximately 86 residences are set to overlook the future finishing straight of the iconic Moonee Valley Racecourse in Trackside House - the only residential building that will achieve this outlook - with future stages within the 40-hectare precinct set to provide aspects of other parts of the 139-year-old racecourse.

[smartcode_project:default project_id=105114 project_image_fid=210529]

202 residences will be delivered within the 11-storey building, with grand three and four-bedroom residences, commanding prices from $3.6 million through to the $5 million penthouse, while more affordable one-bedroom options start from $565,000.&nbsp;

Moonee Valley Park is a joint venture between developer, Hamton and leading industry superannuation fund Hostplus, in partnership with Moonee Valley Racing Club. Designed by Rothelowman with interior design by Carr, Trackside House will boast unparalleled views of Moonee Valley Racecourse and the city skyline, alongside premium resident amenities.&nbsp;

[smartcode_project:default project_id=105114 project_image_fid=210527]

The House Residences will offer a unique blend of convenience, security, and comfort, providing residents with the best of apartment living. These residences boast views across Moonee Valley Park’s thriving gardens, with select residences enjoying views across the racecourse and city skyline.&nbsp;

The premium Grand Residences will offer spacious interiors that exude style and sophistication, with the homes featuring Miele appliances and finishes that elevate everyday living.&nbsp;

[smartcode_project:default project_id=105114 project_image_fid=210522]

The residences&nbsp;maintain the precinct’s strong connection to nature and biophilic design, fostering a unique urban sanctuary surrounded by greenery.

Trackside House residents will enjoy a variety of hotel-inspired amenities that extend the home living experience, with a concierge, a wellness sanctuary, gym, sauna, and a rooftop infinity pool and entertainment area, offering panoramic views of the track and city skyline as part of the plans.&nbsp;

Part of the larger Moonee Valley Park redevelopment project, Trackside House is a significant addition to the $2 billion revamp of the iconic sporting precinct.

Marking the fourth stage within the redevelopment, Trackside House will have the future benefit of the precinct's diverse range of eateries and retailers, 20 hectares of open space and gardens, and a range of other amenities, including playgrounds, sporting fields, running and walking tracks. &nbsp;&nbsp;&nbsp;

[smartcode_project_cta:default project_id=105114]

Designed by Rothelowman with interior design by Carr, Trackside House will encompass 202 apartments and boast unparalleled views of Moonee Valley Racecourse and the city skyline

Trackside House: First trackside apartments launch at $2 billion Moonee Valley Racecourse redevelopment

Melbourne’s new golden residential tower, UNO Melbourne, has reached its 65th and final level.

Standing 210 meters tall at 119 A'Beckett Street, between Flagstaff Gardens and Carlton Gardens, UNO Melbourne is being developed by SP Setia, who had renowned architect Elenberg Fraser design the project. The most striking feature is the floor-to-ceiling shimmering golden glass facade.

Around 88 per cent of the 635 apartments have been sold in the building, with the first stage of settlements taking place in December 2022.

[smartcode_project:default project_id=3281 project_image_fid=46049]

Brett Griffith, Director at Colliers Residential Victoria, said the UNO Melbourne apartments have been in high demand, with sales predominantly secured by foreigners, located both overseas and those already settled in Melbourne, looking to either invest or occupy themselves.

"The pool of international buyers abruptly haltered when the pandemic hit the world, but in the past months, we have seen the confidence of international buyers return close to pre-pandemic levels who see the value of the property market in Australia," Griffith says.

"With Melbourne having been named Australia’s best destination for international students and rated as one of the leading destinations for learning and higher education in the world, UNO is likely to attract many students being located within walking distance to the University of Melbourne and RMIT University."

[smartcode_project:default project_id=3281 project_image_fid=46050]

SP Setia have a track record of delivering projects in Melbourne, having recently&nbsp;completed construction of their Sapphire by The Gardens in the north eastern part of the CBD.

SP Setia Melbourne Director See Hunt Soon says there's currently a scarcity of high-quality apartments in central CBD locations, with UNO Melbourne being one of the last opportunities to secure an apartment on a desirable CBD address.

‘With rising construction costs, we see UNO Melbourne as an excellent opportunity for buyers to purchase and invest into a quality brand new apartment at pre-pandemic construction pricing,’” Soon said.

Future residents of UNO will be able to enjoy a range of services and amenities, including a welcoming lobby, concierge and retail stores on ground-floor, a private dining area with teppanyaki facilities, a resident’s lounge, breakout rooms and media room on level one.

[smartcode_project:default project_id=3281 project_image_fid=46053]

Wellness facilities on level nine include a yoga studio, gymnasium, outdoor entertainment and BBQ area, steam room, spa and swimming pool.

“UNO’s prime location and high-end lifestyle offering with a range of hotel-style amenities and services available to residents, have been particular drawcards for internationals who are also seeing an opportunity to invest in Melbourne’s property market as rents are anticipated to continue to increase during 2023,” Griffith added.

Roberts Co are handling construction of the tower, having taken over the build in April 2022.

One, two and three bedrooms are currently available, starting from $6440,000. September 2023 is the target settlement date for stage two of the project.

[smartcode_project_cta:default project_id=3281]

Around 88 per cent of the 635 apartments have been sold in the building, with the first stage of settlements taking place in December 2022

SP Setia top out UNO Melbourne apartment tower

The Melbourne-based developer Golden Age Group knew when they were putting together the plans for Sky Garden, the apartment project above the rejuvenated The Glen Shopping Centre, they were creating something that would appeal to a wider range of buyers

Recently speaking to Urban, Zhao says, while the three-tower Sky Garden was an ambitious project, there was clearly a need for quality high density living in the area.

It was only the third high-rise development approved by the Monash City Council in the last 15 years. The other two developments were primarily made up of investor stock, with little amenity.

"We saw a perfect fit between what Golden Age wanted to achieve and the suburb of Glen Waverley," Golden Age's Chief Marketing Officer Dandan Zhao says.

"The vision of Monash Council is very considerate in regards to community needs and what's good for the community. It shows the level of research and care we put into our development proposal that it was greenlit."

[smartcode_project:default project_id=2881 project_image_fid=184593]

"People's desires have changed, and they want to be near amenities and infrastructure, and Glen Waverley is very rich in resource," Zhao says.

Once you go central to a suburb and become closer and closer to infrastructure, you sort of have to go vertical, not hortizontal.

"The $500 million redevelopment of The Glen, turning it into a world-class shopping centre, as well as extensive connectivity including the railway, poublic road, and new urban loop, makes Glen Waverley a very attractive proposition for both owner-occupiers and investors."

There's also a major draw for families, Zhao says. They've been keen on securing some of the larger apartments in Sky Garden due to the abundance of education institutions, some 24 of them, from daycare and kindergarten through to the Monash University, one of Australia's leading universities.&nbsp;

Downsizers have been attracted to the luxury finishes and fixtures and resort-like amenities and gardens, as this transforms the notion of what it means to live in an apartment; it doesn’t need to mean compromising on lifestyle,” Zhao adds.

[smartcode_project:default project_id=2881 project_image_fid=184591]

Zhao says Golden Age like to look at suburbs and find ways they can improve them.

"What we do well is looking at a suburb and saying to ourselves 'how can we better shape this community?'"

That ethos saw Golden Age stay in Glen Waverley, having gathered insights during the sales process at Sky Garden.

"While we have had a number of families and downsizers buy the larger apartments in Sky Garden, an apartment doesn’t suit everyone’s needs or preferences," Zhao says.

Starting to see a pattern emerge among a large cohort of enquiry, Golden Age went to the drawing board.

"Following a number of conversations, we decided there was a gap in the market for an architecturally-designed and high-end townhouse product in Glen Waverley, based on buyer feedback at Sky Garden and researching the local market. We were being asked if we had a townhouse product that carried the same design philosophy and quality of what Sky Garden offers."

Zhao says it was a case of 'when not if' Golden Age had a townhouse project ready in the area. Then, about four kilometres south of The Glen down Springvale Road, they picked up a 1.65 hectare site that lent itself perfectly to a collection of 77 townhouses.

[smartcode_project:default project_id=104680 project_image_fid=207712]

Even before launching Floret, Golden Age had a large database of buyers wanting a townhouse in the area.

"We wanted to bring luxury apartment living into a townhouse development," Zhao says.

"The location is perfect for families, across the road from a kindergarten and Brendan Park Shopping Centre, while also having convenient access to the Monash Freeway.

So far Floret has been targeted by families, of all ages, some who are seeking multi-generational living, which apartments don't offer.

[smartcode_project:default project_id=104680 project_image_fid=207725]

Golden Age again tasked Rothelowman with the designs.

"There's no other townhouse product designed by an architecture firm held in as high regard as Rothelowman in Glen Waverley," Zhao adds.

"There's so little townhouse stock in Glen Waverley. Traditionally there are maybe two or three townhouses, which present more like a duplex or triplex, rather than a true, architect-designed townhouse in a community rich in greenery."

Floret is over 25 per cent sold, thanks to a robust pipeline of interested buyers.&nbsp;

Golden Age is planning a 1,000 sqm central park, with amenity for families and kids, as well as a tree-lined central boulevard.

Later in the year, Golden Age is heading to the affluent suburb of Brighton, where they believe they've identified another gap in one of Melbourne's more bluechip postcodes.

"Brighton has never seen a townhouse and house development at this scale," Zhao says.

"There's little product between apartments and huge, multimillion dollar houses in Brighton. We're aiming to plug that gap.

"Brighton is such a premium suburb, people are wanting to get in, but either the product isn't right, or they are out-priced.

<img alt="Golden Age Brighton" data-entity-type="file" data-entity-uuid="6923d011-5130-4b76-bd59-9bd668781224" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-24%20at%2012.20.44%20pm.png?VersionId=jD_XyyrTBe8MGwQxfNcS8WQQ5DbklqcB" />

"We want to create something that works for that suburb and suits the calibre of the suburb, while giving young families and young professionals an opportunity."

Zhao says they will also likely see local downsizers show interest.

"Most houses in Brighton are so big, and some don't want to downsize from a six or seven-bedroom house on 900 sqm to a two-bedroom apartment.

"We'll again be creating a community with beautiful amenity, in the most price pointed project Brighton has seen."

Golden Age secured the massive 3.3 hectare site mid-last year, buying the the junior school of Xavier College for $100 million.

The junior school, Kosta Hall, on South Road, currently homes school buildings, sports fields, and the historic 1867 Maritima mansion.

Recently speaking to Urban, Zhao says, while the three-tower Sky Garden was an ambitious project, there was clearly a need for high quality, high density living in the area

How Golden Age are tapping into untapped markets: Five minutes with Golden Age's Dandan Zhao

One of Australia’s most anticipated projects, STH BNK By Beulah, has again broken the record for Melbourne’s most expensive apartment ever sold.

The $38 million sale, a sub-penthouse located above level 75, topped the $35 million record set last year.

The full floor residence offers a customisable floor plan so the buyer, a transcontinental business owner, has the ability to individualise the design of the property to better suit their lifestyle.

The record breaking apartment is one of the highest in Melbourne and features a 360 degree view of the city, resort style concierge services and world class amenities.

[smartcode_project:default project_id=8804 project_image_fid=200215]

The project has been one of Australia’s fastest selling projects to date, with over $600m in sales achieved in as little as four months.

Other notable sales include two apartments worth in excess of $30 million, a sub-penthouse fetching $15 million, and a slew of apartments worth more than $10 million - all sold off the plan.

Beulah Managing Executive Director Adelene Teh said the latest sale is reflective of the growing demand for luxury apartments that offer the convenience of immediate proximity to Melbourne’s world class gardens and cultural landmarks, while simultaneously offering the luxury of hotel living within their home.

[smartcode_project:default project_id=8804 project_image_fid=193965]

“Purchasers have come from all walks of life, some are local families who want to create a truly special family home in a landmark project; one that is a city within a city and has everything you could need at your fingertips," Teh says.

"There are also local business owners and frequent travelers who live in different cities during different parts of the year while others are suburban/regional dwellers who are looking for a city location. Each of these full floor residences are customisable and that has been highly attractive to purchases.

“Despite a challenging market due to rising interest rates, the prestige market remains active - as we’ve seen with a number of record breaking sales recently - as these buyers often aren’t reliant on funding from the banks,” Teh added.

[smartcode_project:default project_id=8804 project_image_fid=194913]

Many purchasers continue to take advantage of the customisable ‘Tailored Living’ services by merging together multiple apartments into super-sized residences; the total number of apartments in STH BNK By Beulah will continue to decrease as a result of more tailored configurations.

In June it was announced STH BNK By Beulah will be home to the most comprehensive collection of amenities in any Australian skyscraper.

Residents will have access to STH BNK Concierge Services including housekeeping, shopping, childminding, and pet services, plus an on-call doctor, beauty and massages treatments.

[smartcode_project:default project_id=8804 project_image_fid=200217]

The FreshAir™ system developed together with world-leading engineers ARUP, will also protect against noxious fumes, bushfire smoke, disease transmission and moisture issues by removing contaminants from the outside air.

STH BNK will also offer resident access to the vibrant and comprehensive lifestyle podium; a wellness and culture precinct comprising premium retail, inspiring cultural events and engaging entertainment, community activities, childcare centre, outdoor gardens and rooftop spaces and a first-of-its-kind fleet of luxury vehicles including BMWs, Teslas, Porches and Range Rovers for residents to use at their convenience.

STH BNK By Beulah will also be home to Four Seasons Melbourne, as well as the country’s first innovative cultural centre for young people, overseen by the globally-revered Centre Pompidou.

[smartcode_project_cta:default project_id=8804]

The record breaking apartment is one of the highest in Melbourne and features a 360 degree view of the city, resort style concierge services and world class amenities

STH BNK by Beulah breaks Melbourne apartment record, again

Buyer incentives aren't new.

They generally come in the shape of stamp duty savings, smaller deposits, or maybe free strata levies for a short period.

Marcopolo Property however are taking incentives to the next level at their recently launched Casa Tranquila apartments in Hampton East.

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To celebrate the launch the group are giving buyers the opportunity to win big with their $100k prize draw, where one purchaser has a one in 40 chance to drive away in a brand new Mercedes Benz A-Class.&nbsp;

Every buyer is guaranteed to walk away with a prize, with everything from&nbsp;holiday vouchers to top of the range TV's on offer for new buyers.

[smartcode_project:default project_id=113441 project_image_fid=208731]

The project at 15-19 King Street will comprise one, two and three-bedroom apartments, designed by Chandler Architecture. Prices start from $430,000.

Casa Tranquila's most striking feature is its sculptural facade, which catches the light with white and monochrome textures, contrasted by timber-look cladding, vertical glazing, and deep, generous balconies and terraces.

The well-proportioned apartments deliver bright, open living spaces that create an abundance of natural light.

Residents are welcomed to Casa Tranquila through a landscaped ground plane, a classic hotel-style lobby with a concierge service, and a cocktail lounge and central garden.

[smartcode_project:default project_id=113441 project_image_fid=208732]

One unique feature of Casa Tranquila is the shared car parking facility, allowing resident's to rent a car on-site from an hour or two to a full day.

This feature provides added flexibility and convenience for residents who may not have access to their own vehicle. Additionally, Casa Tranquila is located close to verdant parklands and a medical centre, providing residents with easy access to healthcare and outdoor recreational activities.

Situated in a prime location, just 300 metres from Moorabbin Station, convenience and accessibility are prime features of the development.

It's just a six minute drive or one train stop to Southland Shopping Centre.

Chad Arbid Projects are marketing Casa Tranquila.

[smartcode_project_cta:default project_id=113441]

Every buyer is guaranteed to walk away with a prize, with everything from holiday vouchers to top of the range TV's on offer for new buyers

Mercedes Benz A Class on offer at newly launched Hampton East apartments, Casa Tranquila

In real estate, location is always the number one priority on a buyers wishlist.

Almost everything else is changeable, within reason.

The location of a property can impact several aspects of a homeowner's experience, from lifestyle, accessibility, and most importantly, value.

Projects by Buxton Director Heath Thompson says while location factors are subjective and personal to the individual, the key location factors are proximity to amenity and public transport.

"Local amenity, shops, cafes etc are important for everyday life for most buyers, while connectivity to the city, while not important for some, is important when it comes to resale value of a property" Thompson says.

Thompson has recently launched the boutique, 11-apartment project Martin Brighton, which is attracting downsizers due to its locational point of difference.

[smartcode_project:default project_id=5495 project_image_fid=207664]

"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:default project_id=5495 project_image_fid=190763]

On Martin's doorstep is the popular cafe St Martin's, Martin St Cafe &amp; Providore and a number of other restaurants and cocktail bars. Bottarga is located across the road, while 10 Greek Plates, Brix Bar and Dining, Sons of Mary, and Brighton Bistro &amp; Cocktail Bar are all less than 200 metres from the front door.

Another driver for buyers is the connectivity that this end of Martin Street offers.

Martin residents will be in close proximity to the Gardenvale Station, on the Sandringham Line, which runs to Flinders Street Station through South Yarra, Prahran, Windsor, Balaclava, Ripponlea, Elsternwick and Hampton.

"We are finding that because Martin Street isn't a main thoroughfare it has a warm feel to it as opposed to busier locations," Thompson says.

[smartcode_project:default project_id=5495 project_image_fid=190767]

Martin has just 11 two and three-bedroom apartments, which start from $1,395,000. Each apartment has secure parking with internal living the starts from 100 sqm to more than 140 sqm extending to generous private terraces. The interiors were designed by the legendary interior design studio Mim Design.

Developer EBG, who have a string of successful high-end projects in their portfolio, are about half way through the bulk excavation of the site, with completion slated for mid-2024, a timeline which suits the downsizer so they have time to sell their family home.

Thompson says Martin suits the people who have wanted to make a sea change, while also being part of a village-style community.

"They might have kids who have moved into Melbourne, and want to be connected to them while also being near the water.

"Martin perfect for those who seek a lock and leave lifestyle. The location is also popular with buyers who have a larger property down on the Mornington Peninsula and looking for a city base.."

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[smartcode_project_cta:default project_id=5495]

The location of a property can impact several aspects of a homeowner's experience, from lifestyle, accessibility, and even potential resale value.

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