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.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"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.

[smartcode_project:default project_id=135096 project_image_fid=356818]

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."

[smartcode_project:default project_id=135096 project_image_fid=356828]

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.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

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?

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

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

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

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

Buying a home at Coomoora is easy thanks to Development Victoria

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

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

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

2022 was an uncertain year in the property industry, as aggressive interest rate hikes by the Reserve Bank saw sentiment drop drastically, along with prospective buyers' budgets.

But award-winning developer Pace Development Group pushed on with a number of projects, and they're commitment to launching in what many felt was a tricky period has paid off in spades.

Ash Bramich, Sales and Marketing Director at Pace, said that there’s no point waiting around for the market to correct itself and bottom. 
 
“As long as developers are confident their product matches extensive research on the expected buyer demographic, then you’ve got to take the opportunity to get it in front of those buyers,” Bramich told Urban.

"Buyer demand has still very much been there.

"If you’re delivering a product which is what consumers are looking for, in quality suburbs, then you’ll achieve sales.

"We launched two projects [The Darley on Flemington Racecourse and Pace 3058 - Coburg] despite the headwinds in the property market, and now we're in a position to begin construction."

[smartcode_project:default project_id=24822 project_image_fid=254342]

There’s also the case of the issues surrounding demand v supply. Because of the lack of product on the market, Bramich says that, despite consumer sentiment taking a hit, there were still considerably more buyers out there than what was on the market.

The 5,100 apartments launched for sale across Melbourne in 2022 was the lowest number of launches recorded over the past decade, almost -80 per cent lower than the peak levels during 2014 and 2015, analysis by consultancy firm Charter Keck Cramer found.

Also at decade lows was the total number of apartments which began construction in 2022. Just 5,200 apartments started construction, -77 per cent lower than the 2015 peak of 22,500 apartments.

By generating sales last year,&nbsp; Pace have now started construction on both their Flemington and Coburg projects, which allows the team to offer greater buyer confidence during the sales process.

"We can now communicate to buyers two things; a clear sign the project is going ahead with works already underway, and a more accurate completion date of the build."

The Darley, which will comprise 313 apartments and is over 60 per cent sold, is forecast to complete construction by early-2025. Pace 3058 - Coburg has sold over 60 per cent of its 312 apartments. That's expected to be completed by mid-2024.

<img alt="The Darley Pace" data-entity-type="file" data-entity-uuid="e0681786-d13f-45d2-92bb-133f0771e13a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%201.58.21%20pm.png?VersionId=TutHEmqnKBTJVHs34RoCzYqdT12Mv1EE" />The Darley on Flemington Racecourse. Image supplied

Bramich says he's never seen a market with such contrarian views.

"There's a lot of cyclical factors that are quite contrary and conflicting at the moment," Bramich says.

"On one side of the coin, you've got the headline issues around consumer confidence, increasing rates, cost of construction and difficult to predict completion timelines. On the other side however, unemployment is at record lows, immigration is going up and is forecasted to soar, particularly in Melbourne, and there's huge undersupply of apartments which always drives prices up," Bramich says.

Melbourne's population is forecasted to grow by 89,000 people in FY 2023, around 105,000 in FY 2024, and 101,000 in FY 2025, according to Plan Melbourne 2017-2050.

Charter Keck Kramer found that around 13,500 apartments need to be built each year in Melbourne to support the population growth. There were just 6,300 apartments completed in 2022 in Metro Melbourne, across 94 projects.

Bramich says inevitably the lack of supply will drive prices higher over the short term, and that will become long term if construction doesn't meet the forecasted population growth.

While interest rates have pinched the budgets of young professionals and investors, Bramich is seeing high demand from the downsizer demographic.

"There's a huge cohort of owner-occupiers with little debt or no mortgage, who are still ready to execute if there's product that ticks their boxes," Bramich says.

That's the target market for their upcoming Fitzroy project, Fabbrica, which Bramich expects will lure those empty nesters wanting to move back to a more active area.

Pace have geared Fabbrica toward this demographic, with larger than standard floor plans on offer, as well as double garage, large balconies, and high ceilings.&nbsp;

The&nbsp;one-bedroom apartments range from 52 sqm to 65 sqm, while two-bedroom&nbsp;apartments start from around 90 sqm and go up to 120 sqm. The three-beds range from&nbsp;130 sqm to 250 sqm.

SJB Architects will restore the current buildings on the corner of Johnston and Gore streets, which were selling for the first time in five decades when Pace snapped up the site. In keeping with the signature streetscape of Fitzroy, the facades will be restored to their original brick finish.

"We've already been seeing a lot of enquiry from those blue ribbon suburbs like Armadale, Kew, Malvern, the suburbs which are more geared to grand family homes.

"For these buyers, their kids have headed off to university or are now young professionals, and they can cash out their homes for anywhere between $4 million and $10 million, and are wanting to spend between $3 million and $5 million on an apartment in a 'cooler' suburb.

"They want to immerse themselves in a suburb which is more reflective of culture, with arts, cafes, and local restaurants."

Bramich says Fitzroy and Collingwood are probably two of the strongest suburbs to sell projects in.

"Buyers want heritage facades, light industrial features, tree lined streets, all of the characteristics Fitzroy and Collingwood are well known for. Most importantly it’s about being back in the buzz of a suburb they’ve not lived in since their 20s or 30s.

"There's a cohort of people who don't need to be sold on the area, they're simply just waiting for the appropriate product."

Expecting a big year in the markets, Pace also have 90 apartments soon to launch in Sunshine North, part of their riverside and lakeside masterplan where there's limited townhouses remaining. Bramich says the apartments will be more geared toward the first home buyer demographic.

Toward the end of the year Pace will launch Pace Brunswick, around 90 apartments fronting the popular Lygon Street, next to Methven Park. That will have one, two, and three-bedroom apartments.

Always looking forward, Pace are currently working with the Frankston City Council on their proposed plans down on the Mornington Peninsula&nbsp;located beachside of the Nepean Highway.

They're wanting to create a mixed-use residential and lifestyle precinct, bringing a high-level of retail and dining experiences to the suburb, set underneath around 200 apartments. Pace always put a large focus on amenity. They have plans for a 25 metre rooftop pool with sweeping views across Port Phillip&nbsp;Bay, a cinema, and a&nbsp;health and wellness area.

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


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

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

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

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

Why HOME is ticking all the boxes for families and kids 

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]

Latest Victoria Property News

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Victoria Property News

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News