Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

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?

Nestled within 20 hectares of parkland, Trackside House presides over one of Melbourne's most iconic racecourses and offers sweeping views across the Melbourne city skyline.

Designed by renowned architect <a href="/architects/rothelowman">Rothelowman</a>, <a href="/new-apartments/trackside-house-moonee-ponds-moonee-valley-racecourse-moonee-ponds">Trackside House</a> is a fusion of style and convenience.

The exclusive residential building offers its residents a wide range of amenities that will make every day feel like a vacation.

From the private vehicle drop off and concierge service to the wellness sanctuary, gym, sauna, and yoga studio, Trackside House offers a lifestyle truly beyond compare.

[smartcode_project:default project_id=105114 project_image_fid=210517]

<h2 style="line-height:1.38; margin-top:24px; margin-bottom:5px">The infinity pool and cabanas</h2>

With its sleek lines and sophisticated design, the pool is a perfect place to relax and unwind after a long day at work.

Surrounding the pool, cabanas offer a private retreat where residents can soak up the sun or simply enjoy the company of friends and family.

[smartcode_project:default project_id=105114 project_image_fid=210527]

<h2 style="line-height:1.38; margin-top:24px; margin-bottom:5px">The rooftop lounge</h2>

For those who love to entertain, the rooftop lounge at Trackside House is the perfect place.

The lounge opens to an outdoor barbecue area and pizza oven on the terrace, providing residents with the perfect space for alfresco dining under the stars.

[smartcode_project:default project_id=105114 project_image_fid=210522]

Pockets of seating around the bar take weekend drinks to the next level, while life’s finer moments can be celebrated with ease in the private dining room with adjacent caterer’s kitchen — bookable through your exclusive Residents’ App.

<a href="/news/vic/trackside-house-first-trackside-apartments-launch-at-2-billion-moonee-valley-racecourse-redevelopment">Read more:&nbsp;Trackside House: First trackside apartments launch at $2 billion Moonee Valley Racecourse redevelopment</a>

<h2 style="line-height:1.38; margin-top:24px; margin-bottom:5px">The wellness sanctuary</h2>

At Trackside House, the wellness sanctuary is designed to help residents achieve optimal health and wellness.

The state-of-the-art facility includes a gym, sauna, and yoga room, allowing residents to focus on their physical and mental well-being in a tranquil and serene environment.

[smartcode_project:default project_id=105114 project_image_fid=210525]

With its cutting-edge equipment the gym is the perfect place to stay in shape and maintain a healthy lifestyle.

<h2 style="line-height:1.38; margin-top:24px; margin-bottom:5px">Designed for comfort and convenience</h2>

Trackside House is designed to provide residents with a lifestyle that is both luxurious and convenient.

From the private vehicle drop off and concierge service to the exclusive Residents’ App, every detail is designed to make life easier and more enjoyable.

The lobby is a stylish and sophisticated space that sets the tone for the rest of the building.

[smartcode_project:default project_id=105114 project_image_fid=210528]

The private vehicle drop off and concierge service ensure that residents always arrive in style and are greeted with a warm welcome.

The exclusive Residents’ App allows residents to easily access all the amenities and services that Trackside House has to offer, from booking the private dining room to scheduling a workout session in the wellness sanctuary.

[smartcode_project_cta:default project_id=105114]

Exclusive living at Trackside House: Inside the amenities on offer in  Moonee Valley Park’s first track facing building 

Melbourne developer Golden Age Group has achieved $35 million in sales for its second Glen Waverley project, Floret

Offering 77 architecturally-designed townhouses, Golden Age’s vision for <a href="/buildings/floret-glen-waverley-583-ferntree-gully-road-glen-waverley">Floret</a> is to enliven the sought-after area with vibrant greenery, while continuing to raise the bar for residential design.

The average price point of sales to date ranges from $1.1 million to $1.6 million. Prices start from $995,000 for the entry-level, three-bedroom townhouses.

<a href="/developers/golden-age-group">Golden Age</a> Founder and Managing Director Jeff Xu said it was a matter of ‘when not if’ the group would bring a luxury townhouse project to market.

“We had a lot of buyers interested in our flagship Glen Waverley project, <a href="/buildings/sky-garden-235-springvale-road-glen-waverley">Sky Garden</a>, but for whatever reason, an apartment doesn’t suit everyone’s preferences," Xu says.

[smartcode_project:default project_id=104680 project_image_fid=207713]

"Before even launching to market, we had a waitlist of buyers interested in a townhouse product, one that embodied the same ethos and design philosophy of Sky Garden."

It was for this reason Golden Age decided to appoint <a href="/architects/rothelowman">Rothelowman</a> as the architect.

Xu said the townhomes respond to the changing needs of the population by providing diverse housing options.

“Glen Waverley is an area predominantly dominated by single-family homes and there is little choice when it comes to townhomes, particularly architecturally-designed homes that offer a premium feel.

[smartcode_project:default project_id=104680 project_image_fid=207722]

“Glen Waverley is such a highly connected suburb and there is appetite for new developments that cater to not only downsizers but young professionals and young families who are priced out of this area. Glen Waverley is an aspirational area that has traditionally been unaffordable; we’re pioneering a product not typically seen here.”

First home buyers and downsizers have been the most prominent buyers in Floret, while investors have shown interest. One investor is looking at securing a number of the townhouses.

“Existing townhouses in Glen Waverley are typically dual occupancy, or feature multiple homes on one lot with no amenities; Floret seeks to put the community at the heart with an array of resident amenities and gardens, located in a secure neighbourhood that is ideal for raising families,” Xu said.

[smartcode_project:default project_id=104680 project_image_fid=207725]

The project features a central open space that spans 1000 sqm, including an open lawn with a walking track, a fitness station, barbecue and picnic area, and a children’s play area.

An entry boulevard of evergreen canopy trees will line the perimeter of the site, while a network of trees will create green corridors across the development site.

Figurehead is due to commence construction this month with completion earmarked for Q1 2025.

Read more:&nbsp;<a href="/news/vic/how-golden-age-are-tapping-into-untapped-markets-five-minutes-with-golden-ages-dandan-zhao">How Golden Age are tapping into untapped markets: Five minutes with Golden Age's Dandan Zhao</a>

[smartcode_project_cta:default project_id=104680]

Golden Age secure $35 million in sales at Floret, Glen Waverley

Hickory and CBR Development Group have celebrated the topping out of their Box Hill development, Promenade, an elegant apartment complex and commercial hub in the heart of Box Hill.

Situated in the heart of the suburb, the apartment and commercial hub adds to the already strong presence Hickory has in Box Hill, with their Whitehorse Trio and East Central Tower projects just a short walk away.&nbsp;

[smartcode_project:default project_id=5128 project_image_fid=159169]

Upon completion, the&nbsp;Peddle Thorpe Architects-designed tower will bring a wealth of new living, retail, and commercial spaces to the booming area, with 199 apartments and 1,200 sqm of commercial space.&nbsp;

Peddle Thorpe designed the build, in partnership with John Patrick Landscape Architects, with the apartments set to encompass hotel-style living areas, fit with European appliances and French gold finishes.&nbsp;

The apartments will also benefit from views of the city, mountains, and Port Phillip Bay.

Complete with a cinema, gym, and sky garden, residents will have access to convenient lifestyle facilities at their fingertips, including a range of retail spaces in the ground lobby.

[smartcode_project:default project_id=5128 project_image_fid=159167]

Promenade is also just a stone’s throw away from Box Hill Gardens, the central shopping centre, Epworth Eastern Hospital and Box Hill train station.

Managing Director of Hickory,&nbsp;George Abraham, said the group's work with CBR Development Group has allowed for a smooth, efficient construction process with a state-of-the-art result.

“We are beyond thrilled to see the final stages of the project come together and look forward to seeing the impact it has on its users as we create better places for the current and future community of Box Hill," Abraham said.&nbsp;

[smartcode_project_cta:default project_id=5128]

Upon completion, the Peddle Thorpe Architects-designed tower will bring a wealth of new living, retail, and commercial spaces to the booming area

Hickory top-out CBR Development's Box Hill apartment project, Promenade

Glen Iris locals Andrea and Wayne recently secured not one, but two apartments in the new Glen Iris apartment development, Galerie.

They're amalgamating the two apartments to become on large apartment.

We recently spoke with Andrea and Wayne to talk about their purchase.

<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/NrDuugdzE3Y" title="YouTube video player" width="660"></iframe>

<h2>GALERIE AT A GLANCE</h2>

Address:&nbsp;1538-1540 High Street, Glen Iris 
Developer:&nbsp;<a href="/developers/lds-property">LDS Property</a> 
Architect:&nbsp;<a href="/architects/ewert-leaf">Ewert Leaf</a>

[smartcode_project_cta:default project_id=112375]

BUYER TESTIMONIAL: Why Andrea & Wayne amalgamated two apartments in Galerie, Glen Iris

Toorak has long been billed as Melbourne's most blue-chip suburb.

It's where the most expensive real estate in the state is located. A recent report by The Australian found there's more billionaires and millionaires in the 250 Rich List living in Toorak than any other suburb in Australia.

The majority of new apartment developments coming onto the market in Toorak generally start at $2 million, and are targeting either the local downsizer, or a downsizer from another neighbouring affluent suburb.

Given the suburb is dominated by families (over 60 per cent according to the latest census), there's been very little opportunity to secure new, or even near new, apartments built this side of even 2010, which makes the latest offering a rare proposition for those trying to enter the Toorak market.

A mix of one, two, three and four-bedroom apartments have been listed in Toorak Park, the $500 million masterplanned project which was delivered by the ASX-listed development giant Lendlease.

[smartcode_project:default project_id=377 project_image_fid=33603]

An international fund manager secured a number of apartments when the project was completed a few years ago, and is now deciding to sell the assets.

The 2.5 hectare project, aptly named Toorak Park given its located behind the leafy Toorak Park, was designed in collaboration between&nbsp;Denton Corker Marshall and Carr Design Group.

The 16 building-project features extensive landscaping by landscape architecture by Tract. Open space makes up about up a third of the development, which also features a&nbsp;bluestoned plaza with a convenience store and cafe, as well as communal gardens.

[smartcode_project:default project_id=377 project_image_fid=33593]

Denton Corker Marshall director John Denton said the practice took its cues from its local surroundings.

"We looked at the Beatty Avenue shops on one side of the lines and saw we could create a place with its own character on the other side," Denton said.

"We wanted to build a village within a village.

[smartcode_project:default project_id=377 project_image_fid=211687]

"We sought to open up access to the railway station and Beatty Avenue from Orrong Road by creating a central boulevard that is, in effect, a new leafy road in Armadale. The newest area in the neighbourhood will connect with one of the oldest."

There's extensive resident facilities, including a swimming pool and a gym.

Predominantly owner-occupied, Toorak Park sits in one of the area's most connected pockets, just across the road from Toorak Station and just off the lively Orrong Road.

Every one-bedroom apartment on offer has a car park, unheard of in the entry-level Toorak apartment market, which in itself has been unheard of for a number of years.

[smartcode_project_cta:default project_id=377]

A mix of one, two, three and four-bed apartments have been listed in Toorak Park, the $500 million masterplanned project which was delivered by Lendlease

Toorak Park: A rare opportunity to buy in Toorak's best residential village

At the Western gateway to Melbourne, Footscray has become one of the city's most popular destinations for those seeking an inner-city lifestyle.&nbsp;

As the area continues to grow and develop, Bensons Property Group's Liberty One has emerged as a beacon of luxury living, offering an unparalleled opportunity to experience all that Footscray has to offer, with the group welcoming the first crop of residents recently.&nbsp;

The development boasts 24 levels, including a rooftop and four levels of basement car park, comprising of 378 one, two and three-bedroom apartments and 10 retail shop tenancies across the ground floor.

[smartcode_project:default project_id=709 project_image_fid=211787]

There's been a big uptake from first home buyers at Liberty One, with the location of the project a major drawcard a Bensons' spokesperson said.&nbsp;

"Situated just five kilometres from the CBD, residents are within proximity to a bustling and diverse foodie culture, along with proximity to transport, retail and major education institutions."

"Now that the project is completed, its and exciting time for buyers to walk through the spaces and really envision their future home."

With prices for a one-bedder starting from $509,850, first home buyers have also been keen to call the Footscray development home, with the option to secure an apartment with just a $10,000 deposit another drawcard.&nbsp;

Designed by CHT Architects, Liberty One takes on a modern and sleek design, with floor-to-ceiling windows that, as you ascend up the floors, only help to display the expansive view lines from the tower even more impressively.&nbsp;

[smartcode_project:default project_id=709 project_image_fid=210299]

A suite of residential amenity is on offer at Liberty One, with the rooftop a stand out feature, offering communal barbecue spaces, a lounge area, and an outdoor cinema.&nbsp;

The ground floor Joseph Road Precinct is abuzz with convenient amenity as well, with the 12,000 sqm space home to cafes, wine bars, three new parks, yoga studios, gyms and a large scale commercial supermarket.&nbsp;

The tree-lined and town-square-styled boulevards open up the project, spilling retail and dining out from within, while also creating a metaphorical link between the flow of the river and the dynamic culture of Footscray.

Liberty One has also been pitched to the investor market, with a five-year residential lease guarantee on offer. This scheme provides buyers with a consistent return of five per cent gross net for five consecutive years, meaning a stable cash flow and no vacancies.&nbsp;

[smartcode_project:default project_id=709 project_image_fid=210301]

There's been a strong uptake from both local and interstate investors, with Liberty One's price point highly competitive when compared to other markets, such as the Sydney market.&nbsp;

"Investors have also been strongly encouraged by the government's investment in infrastructure, including the West Gate Tunnel project and Footscray hospital upgrades."

One, two and three-bedroom floorplans still remain at Liberty One, with two-bedders priced from $693,365 and three-bedders from $921,733

[smartcode_project_cta:default project_id=709]

 First residents move into Footscray apartments, Liberty One

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

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