<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=365684]

Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

[smartcode_project:default project_id=509 project_image_fid=365689]

The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

[smartcode_project_cta:default project_id=509]

Joel Robinson

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Ensconced in a tranquil, parkside locale, in the heart of Box Hill’s CBD, the final opportunities in Irving Domain are trickling down.&nbsp;

All the three-bedders have already been snapped up in the APH Holdings development, with just one and two-bedroom apartments remaining.&nbsp;

The one-bed, one-bathroom apartments are priced from $487,600, with living spaces over 64 sqm. Buyers can also snap up a two-bed, one-bathroom configuration for $662,500, with floorplans covering over 76 sqm.&nbsp;

[smartcode_project:default project_id=8569 project_image_fid=159862]

For those looking for a place to park their car and additional floorspace, a selection of two-bedders include two-bathrooms across 94 sqm, and a valuable car space.&nbsp;

The apartments at Irving Domain are meticulously planned to ensure the spaces work to their maximum potential and offer residents a considered and life-enhancing home.

The spaces in each of the apartments are curated to ensure separation and distinction between public, such as living and dining and private, such as bedrooms and bathroom.&nbsp;

Consideration of daily rituals was of the utmost importance during the design process and are celebrated throughout. For instance, a sense of arrival is enhanced by providing a place to store shoes, keys and bags near the front door.

[smartcode_project:default project_id=8569 project_image_fid=159863]

The palette of finishes is neutral and calm, where less is more. The careful balance of subtlety and indulgence ensure the interior and exterior spaces come together in a seamless and timeless manner.

The site is positioned on the cusp of Box Hill’s urban development where the approach transitions from the bustling Box Hill Central, to the leafy neighbourhood Box Hill Gardens.

The building’s form has been shaped to respond to this context. Curved walls soften the building’s edge and promote visual interest as it shifts upon approach while the materials selected reference and complement the surrounding urban environment.

[smartcode_project_cta:default project_id=8569]

Inside the last remaining apartments in Irving Domain

High-end developer EBG has just commenced construction on it's next striking project, Martin Brighton.&nbsp;

Combining the vibrancy of its Martin Street location with the heritage of Brighton, the collection of just 11 residences, EBG say, are surprisingly unconventional and reassuringly recognisable.

There's a mix of two and three-bedroom apartments, starting from 103 sqm floorplans internally. They range in price from $1,395,000 to $2.15 million for the 141 sqm three-bedroom apartments.

[smartcode_project:default project_id=5495 project_image_fid=207664]

Martin has been conceived in collaboration with architects Buchan and design doyenne Miriam Fanning's MIM Design.

Fanning says&nbsp;Martin has been designed to inspire a life of individuality.&nbsp;

“In paying respect to the residential characteristics of the surrounding distinguished suburb, it is crucial this building responds to design with a timeless substance, ensuring it harmoniously settles into its environment,” Fanning says.

[smartcode_project:default project_id=5495 project_image_fid=190767]

"The layering of the coast has influenced our design by the natural rhythm and undulating movement of the sea, textures of the rocks and soft sage green which naturally follows the coastline."

Martin deliver a seamless indoor-outdoor connection, offering views out over verdant planted balconies to the city and the water.

[smartcode_project:default project_id=5495 project_image_fid=207670]

The apartments feature stone benchtops, timber floors and wool carpets, double glazed windows and doors, and custom bespoke joinery.

Construction has commenced on the project, with completion slated for mid-2024.

[smartcode_project_cta:default project_id=5495]

Martin has been conceived in collaboration with architects Buchan and design doyenne Miriam Fanning's MIM Design

What Martin apartments will bring to Bayside Brighton

Gone are the days where just being able to walk to the local shop is sufficient. We understand that you want more for your money – which is why it's great to see developers like Mirvac paving the way with thoughtful masterplanning time and time again. Recently we visited the Olivine by Mirvac Experience Centre to check out what's on offer for buyers at this thriving Donnybrook community.

Watch our tour video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/21RybbqYSno" title="YouTube video player" width="660"></iframe>

<h2 style="line-height: 1.38; text-align: justify;">OLIVINE AT A GLANCE</h2>

Address:&nbsp;995 Donnybrook Road, Donnybrook 
Developer:&nbsp;<a aria-label="www.urban.com.au" data-uw-rm-brl="false" data-uw-rm-empty-ctrl="" href="/developers/mirvac">Mirvac</a>

[smartcode_project_cta:default project_id=28126]

Located 50 minutes north of Melbourne's CBD, Olivine is home to Hume Anglican Grammar, Donnybrook Primary School &nbsp;and Wallaby Childcare Centre and a community centre. There is also an impressive selection of innovative green spaces, including the resident-favourite, Gumnut Park. Olivine will be home to a future retail town centre, which will become the focal point of the community with 15,500 sqm of shops, supermarkets, eateries, commercial and civic spaces.&nbsp;

Upon completion, the 465-hectare site will include 4,300 land lots with over 30% dedicated to open spaces. Located at Olivine Place, is Shared Cup, a social enterprise cafe that provides a space to connect with neighbours, and profits are re-invested into the community.&nbsp;

[smartcode_project:default project_id=28126 project_image_fid=186050]

Olivine is renowned for its 200-year-old River Red Gum trees offering a tranquil spot to spend time in nature just minutes from your new home.

At Olivine, there is a dedicated on-site community manager, Michelle, who manages the Shared Space and ensures residents feel welcomed into the community from day one. Showcasing the extra level of care level of Mirvac put into providing an end-to-end service.

[smartcode_project:default project_id=28126 project_image_fid=186051]

Mirvac has been successfully delivering homes across Australia for 50 years. And we've even met residents in the community who have purchased their third or fourth home from Mirvac because they're so impressed by the quality and care they receive.&nbsp;

House and land sites are now selling at Olivine, with the construction of amenities well underway. If you're thinking Olivine sounds like the community you've been searching for, enquire today to book an appointment to visit the Experience Center.

Olivia Round

Display Suite Tour Video: Olivine by Mirvac at 995 Donnybrook Road, Donnybrook, VIC

Shenfield property is set to transform Mordialloc's old Pompei's Boatworks site into eleven exclusive residences, with thoughtful design paying homage to the site's maritime history. The facade even features angled brickwork mimicking the upward sweep of a bow. If you're looking for a home that exudes modern bayside luxury, this one's for you.

Watch our display suite tour video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/DGBw2CE_7jA" title="YouTube video player" width="660"></iframe>

<h2>JOE'S QUARTER AT A GLANCE</h2>

Address: 557 Main Street, Mordialloc 
Architect:&nbsp;<a data-uw-rm-brl="false" href="/architects/jfkdesign-jackson-fitzroy-kennedy">JFKDESiGN - Jackson Fitzroy Kennedy</a> 
Developer:&nbsp;<a data-uw-rm-brl="false" href="/developers/shenfield-property">Shenfield Property</a>

[smartcode_project_cta:default project_id=134238]

Developer Alister Shenfield has worked with designer Jackson Fitzroy Kennedy for nearly 20 years, with Joe's Quarter being their most ambitious together to date.&nbsp;

Located at 557 Main Street, Mordialloc – you have an abundance of amenities within walking distance, including the local shops, Mordialloc Train Station, and the beach. There's also a great golf club a short drive away, Parkdale Plaza, for all your shopping needs, and Melbourne CBD is just a 45-minute drive via the M1.

[smartcode_project:default project_id=134238 project_image_fid=206644]

JFKDESiGN has incorporated solid and robust materials paired with elegant brass details and timeless fittings, creating a series of homes exemplary of refined modern architecture.

The thoughtfully positioned glazing takes advantage of the site's access to stunning creek and bay views – with residents enjoying skyline views from level three.

[smartcode_project:default project_id=134238 project_image_fid=206643]

Two interior design schemes evoke the feeling of a serene retreat – with beautiful laminex joinery in the colour terril for the twilight scheme and green slate for the saltbush scheme.&nbsp;

Timber is also prominent throughout the home, with veneer joinery in the kitchen and American Hickory wide plank matt floorboards.&nbsp;

[smartcode_project:default project_id=134238 project_image_fid=206642]

You've got a statement brass double bowl sink and mixer in the kitchen, with integrated top-of-the-line Smeg appliances.

The generous living area is completely separate from the bedrooms, giving you a flexible space to entertain and offering a seamless connection to your outdoor living zone.

Bedrooms feature cosy grey wide-loop woollen carpets and plenty of integrated storage.

In the bathroom, I love the wall-hung vanity in rainforest green. You've also got a choice of a curved-edge rectangular or oval vanity mirror, giving the space a contemporary edge.&nbsp;

You can also choose between a freestanding bathtub or an inset bathtub.

[smartcode_project:default project_id=134238 project_image_fid=206639]

This is a one-of-a-kind development with limited properties available. Secure your bayside residence by submitting your enquiry today via Urban. And if you'd love to catch more videos in this series, then subscribe to our Youtube channel.

Project Spotlight Video: Joe's Quarter by Shenfield Property at 557 Main Street, Mordialloc, VIC

Riverside living in Melbourne doesn’t come along too often.&nbsp;

Located in the leafy, riverside suburb of Alphington, just 6.5-kilometres north-east of the city, HOME comprises 16 stories featuring a collection of Terrace Homes, Sky homes and Apartments.

Offering a completed and ready-to-move-in option in the area, HOME was designed with the owner-occupier in mind, with a mix of one, two and three-bedroom apartments.&nbsp;

All of the one-bedroom apartments are taken however. Just two and three-bedders remaining. &nbsp;

[smartcode_project:default project_id=24441 project_image_fid=167645]

The resident's journey begins and ends in the elegantly designed South Lobby.&nbsp;It’s a hotel-style entry where resident's can be dropped-off, picked up or wait safely for a taxi or Uber ride indoors. There's also bike storage for every resident in the lobby, along with a bike repair room, providing the perfect place to tinker, fix and upgrade.

To top it all off, there’s on-site management services, a secure mail room, parcel collection area and cool storage for grocery deliveries. The North Lobby is located on the corner of Heidelberg Road and Chandler Highway, with a three metre origami form taking centre stage, constructed from perforated brass panels.&nbsp;

[smartcode_project:default project_id=24441 project_image_fid=167640]

Cera Stribley collaborated in the design of the residences, with all 324 apartments featuring large floorplans and light-filled living spaces.&nbsp;

Coupled with the modern must-haves, each of the homes include generous storage, quality appliances, secure parking, and home automation technology.&nbsp;

Internally, apartments utilise a neutral colour palette, coupled with raw materials influenced by the site’s industrial heritage.&nbsp;

Timeless timber lines the floors of all apartments, with the oak-flooring creating a light and seamless connection between each of the spaces, paired with versatile and abundant storage solutions throughout.&nbsp;Open shelving and integrated appliance storage make the kitchens a cook’s domain, complete with European appliances, stone benchtops and satin nickel tap ware.

[smartcode_project:default project_id=24441 project_image_fid=167643]

Level four of HOME delivers some of the building's most impressive features, with 3000 sqm of open space, delivering HOME residents with their very own park inside the building. The Park provides residents with places to meet, along with barbecue facilities, a playground, yoga lawn, state-of-the-art gym and a pilates pavilion.

An extensive wine cellar is also provided for residents, along with hotel-style guest rooms which can be booked for when family and friends are visiting.&nbsp;

Crowning the building is a rooftop recreation deck, offering 360 degree views across the Alphington surrounds, as well as a glass-edged pool, private event spaces with a bar and kitchen, an outdoor cinema and barbecue facilities.&nbsp;

[smartcode_project_cta:default project_id=24441]

Cera Stribley collaborated in the design of the residences, with all 324 apartments featuring large floorplans and light-filled living spaces

Inside the ready-to-move-in HOME Alphington apartments 

Mordialloc's rare new apartment development, Joe's Quarter, is set to offer the best of both world's for its future residents.

The boutique development of just 11 residences takes up a prime location on the doorstep of both Mordialloc Beach and the picturesque Moridalloc Creek, which dissects the City of Kingston suburb just 24 kilometres from the Melbourne CBD.

The opening of the Mordialloc Freeway, a nine-kilometre bypass between Clayton and Frankston, late last year, has only bolstered the premium of the suburb, with a swathe of family-occupiers taking up stock in the suburb.

[smartcode_project:default project_id=134238 project_image_fid=206646]

Educational opportunities are another driving factor in the move.

Mordialloc Beach Primary School is a mere 500 metres away, while Mordialloc Secondary College is conveniently located next door as well just 600 metres away, along with St Brigid’s Parish Primary School.&nbsp;

The Main Street of Mordialloc is filled with quality retail, professional services and an array of dining options, while connection to the greater Melbourne region is a breeze with Mordialloc Station a short stroll from the residences, just 200 metres down the road.&nbsp;

Positioned in the heart of the suburb, complete with bay and river views, Shenfield Property has tapped into the potential of Mordialloc, releasing a collection of residences on the site of the old Pompei’s Boatworks.

Through use of strong, robust materials, the 11 Joe’s Quarter residences embrace the site’s historic boat making origins, nestling on the banks of Mordialloc Creek as it flows into Port Phillip Bay.&nbsp;

[smartcode_project:default project_id=134238 project_image_fid=206643]

As one of Melbourne’s most iconic bayside locations, the expansive beach is arguably Mordialloc’s most stunning feature, lined with foreshore reserves, walking paths and featuring the pier at the mouth of Mordialloc Creek, the area is a playground for all ages and recreation pursuits

With a vibrant shopping and dining strip right on the steps of Joe’s Quarter, the opportunities for a coffee catch-up with friends, weekend brunch or a night-time feast are endless.&nbsp;

Mordialloc Shops are just 90-metres from the site, with further shopping options available at Parkdale Plaza which is 1.3 kilometres away, or DFO Moorabbin which is just under five and Southlands Shopping Centre which sits 6.4 kilometres from Joe’s Quarter.

Parklands and green spaces are also aplenty in Mordialloc, with a playground and park 100 metres from Joe’s Quarter, while the Woodlands Golf Club is just 1.6 kilometres.&nbsp;

[smartcode_project_cta:default project_id=134238]

Between the creek and the beach: The rare lifestyle Mordialloc's Joe's Quarter will offer residents

Local prestige developers Jacmax have recently launched their latest project in the tightly held suburb of Brighton.&nbsp;

Positioned on a triple-a site at 28-30 Boxshall Street, the aptly named project is a low-rise, three-level dynamic form that stretches across a corner block in the heart of the bayside suburb.&nbsp;

Consisting of 15 residences, a mix of two and three-bedroom apartments are on offer in Boxshall, with floorplans spanning from 152 sqm to 399 sqm, with prices ranging from $2,495,000 through to $3,9995,000.

The $60 million project will also deliver three grand penthouses, spanning from 285 sqm to 339 sqm and benefitting from over 100 sqm of balcony space, with prices from $5,745,000.&nbsp;

[smartcode_project:default project_id=114239 project_image_fid=207904]

Jacmax specialises in deploying distinguished teams to collaborate on projects, believing that the whole is greater than the sum of its parts. Boxshall is Jacmax’s latest demonstration of this belief, with the group engaging a trifecta of local and international talent to deliver the project.&nbsp;

Builders Coben have been appointed to construct the project, while renowned group Cera Stribley worked with internationally celebrated Dutch interior designers, Studio Piet Boon - marking the group’s first Australian project - along with acclaimed landscape designer, Myles Baldwin Design to design the residences.&nbsp;

Jacmax Managing Director Trent Skurrie said the Jacmax ethos is that the whole is more valuable than the sum of its parts.&nbsp;

“We are able to achieve outstanding results through the collaboration of truly exceptional contractors. The design team of Boxshall are individually best in class. Through this collaboration we have achieved a project that sets a new benchmark for Bayside Brighton,” Skurrie said.&nbsp;

Relationships are central to Cera Stribley’s architectural design approach. The Melbourne-based architectural practice believes design should be harmonious, enduring and practical, with the considered approach reflected in the architecture at Boxshall with its warm and tonal material palette. Light colours of grey, charcoal, and bronze mirror provide a rich, yet modern materialism that will stand the test of time.

[smartcode_project:default project_id=114239 project_image_fid=207906]

Interiors at Boxshall are timelessly designed with high ceilings and expansive windows, featuring a vaulted north frontage allowing abundant natural light into the residences. The building presents single level house-sized residences that are designed to allow art and furniture to play their part in each home, together with entertaining and modern living needs.

“We aim to transform the conventional concept of apartment living through our collaborations with creative teams. Studio Piet Boon, along with Cera Stribley have worked together to see things in a new light and offer a true point of difference in the design approach,” Skurrie added

Myles Baldwin’s signature layered planting design will harmonise with the architecture to create calm and tonal green spaces throughout Boxshall. Landscaping is heavily integrated throughout the site with planting set to adorn the ground floor courtyards, private terraces and penthouses, ensuring a verdant outlook at every turn.&nbsp;

Located within the prestigious Middle Crescent precinct, residents will enjoy a short stroll to the local Church Street shopping Village, while the rest of Brighton is easily accessible by foot, or by tram, with the CBD sitting just 13-kilometres from the sought-after pocket.&nbsp;

[smartcode_project_cta:default project_id=114239]

Jacmax appoint builder to Brighton residences, Boxshall 

It was dubbed 'Depreston' by the singer song-writer Courtney Barnett. Not because of the area, it was purely following an open house visit during 2016, dwelling on mortality after visiting a deceased estate.

Barnett was no doubt drawn to Preston for its&nbsp;vibrant culture and diversity, with strong ties to the Chinese, Vietnamese, Italian, Greek, African, Indian and Middle Eastern communities.

A northside gem, Preston is a cultural and foodie’s paradise, beloved by Melburnians for its choice of restaurants, bars, breweries, fashion stores and barbers.

Enjoying a connected lifestyle just 20 minutes from the Melbourne CBD, Due North draws on the suburb’s rich history, delivering 107 apartments to the area.&nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155342]

Climbing 12 levels, Due North features a mix of one and two and three-bedroom residences, along with a dedicated communal rooftop space, a co-working area in the lobby and three retail spaces.&nbsp;

The façade displays an industrial yet elegant aesthetic, with raw brickwork, exposed concrete, custom metalwork and glass, while internally, the apartments boast an array of stylish features, including timber floorboards, floor-to-ceiling windows, plush carpets in bedrooms, stone benchtops, integrated Baumatic appliances with optional Smeg upgrade and ample storage.

With Due North taking on a sustainable approach, the building has achieved a&nbsp;6.5-star energy-rating, with the environmentally conscious design benefitting the residents' every day lifestyles, while also reducing household energy bills.&nbsp;

[smartcode_project:default project_id=5502 project_image_fid=155330]

Rooftop solar panels provide a reduction in energy costs throughout the building, while rainwater harvesting and high-performance glazing reduce the need for heating in the cooler months, and cooling in the warmer seasons.

All the apartments also include a bike space, in a bid to cut down transport carbon emissions. The one and three-bedroom apartments are all sold out, with just the two-bedroom units remaining.

[smartcode_project_cta: project_id=5502]

The building has achieved a 6.5-star energy-rating, with the environmentally conscious design benefitting the residents' every day lifestyles, while also reducing household energy bills


Preston apartments Due North go green with sustainable design 

The City of Melbourne is on track to record more than $2.5 billion in new development applications in 2022, as developers continue to invest heavily in the city’s growing property market.

Forecasts show the City of Melbourne is set to assess more than $1 billion of new developments in 2022. This is in addition to the more than $1.5 billion of state assessed development projects which have been proposed for the municipality so far this year.&nbsp;

Deputy Lord Mayor Nicholas Reece said there is little doubt that Melbourne remains the number one destination for new developments.&nbsp;

“It’s a testament to the resilience of Melbourne that the city has attracted more than $2.5 billion in new developments in a single year. After so much COVID disruption, it’s heartening to see developers continuing to invest heavily in the future of our city.”

[smartcode_project:default project_id=2929 project_image_fid=201002]

“With residential occupancy levels now back to pre-Covid levels and a record number of new hospitality venues opening in the city it is no wonder that development applications have taken off.”

The last time the City of Melbourne assessed more than $1 billion in new development applications was prior to the pandemic in 2019.

More than 600 planning applications worth an estimated $800 million have come before the City of Melbourne so far in 2022, with 85 per cent of applications for brand new developments. The remaining 15 per cent cover amendments to existing permits.

Melbourne’s CBD remains the hottest property market with 200 new development applications - the majority covering new businesses and shop fit-outs.

“The buzz is back and 2023 is shaping up as a year of exciting possibilities for Melbourne,”&nbsp;Reece said.&nbsp;

Carlton sits second with more than 70 developments, primarily for residential properties or additions to heritage homes. Development applications have also increased in Kensington within the new Arden and Macaulay precincts.

[smartcode_project:default project_id=111979 project_image_fid=194085]

New development interest has continued to grow in West Melbourne since the gazettal of the City of Melbourne’s West Melbourne Structure Plan, including the $230 million development of the West Melbourne Waterfront Precinct.

Major state assessed developments for 2022 include a $750 million development over the Goods Shed in Docklands and a $264 million development at RMIT Village in North Melbourne.

For the first time, the latest data has also revealed the City of Melbourne suburbs which have made the most appeals against new developments.

Planning decisions in East Melbourne have attracted the most interest within the municipality, with more than double the number of appeals to VCAT compared to any other city neighbourhood.

The CBD has the second most appeals, while West Melbourne and Docklands have the fewest.

“It’s particularly exciting to see developments popping up in the city’s newest suburbs of Arden and Macaulay. The vision to transform West Melbourne into the next Fitzroy or Collingwood is also gathering momentum with some distinctive planning applications approved,” said Reece.&nbsp;

“As development interest continues to grow it’s never been more important for the City of Melbourne to prioritise high-quality design, architecture and amenities to ensure the best outcomes for everyone who lives, works, studies or visits our city.”

[smartcode_project:default project_id=1260 project_image_fid=177638]

Melbourne CBD development booms

The recently launched Mansard apartments in Kooyong offer prospective buyers an opportunity to buy into one of Melbourne’s most affluent areas.

Developer BonYan RE has recently launched Mansard, a collection of just 16 apartments on Toorak Road.

Renowned architecture firm Carr Design was given free reign when designing the project, and Carr Managing Director Chris McCue has produced something unseen in Australia before.

The project's name Mansard comes from the Mansard roof, which originated in France. The earliest known example of a mansard roof is credited to Pierre Lescot on part of the Louvre built around 1550.

[smartcode_project:default project_id=136666 project_image_fid=207867]

A Mansard roof is a four-sided gambrel-style hip roof characterised by two slopes on each of its sides, with the lower slope at a steeper angle than the upper.

Chris McCue said Kooyong is a really beautiful part of Melbourne.

"There's a lot of celebrated building works in the precinct from the 1930s, and that's what people love about Kooyong," McCue said.

"That's what we certainly love and that's what we wanted to respond to."

[smartcode_project:default project_id=136666 project_image_fid=207864]

Head of Jellis Craig Projects Stephen Bowtell, who is marketing the project alongside Pontem's Fil Gacesa, said there’s nothing like Mansard on the local market.

"Kooyong had less than 1,000 people living in the suburb at the recent census," Bowtell says.

"Mansard really is such a rare opportunity to buy a brand new apartment. There's less than 500 houses and apartments in the whole suburb. These opportunities don't come around often."

[smartcode_project:default project_id=136666 project_image_fid=207852]

Bowtell says the design by Carr makes the apartments more like homes.

"There are 16 apartments divided into 3 separate buildings, Carr's thoughtful design has provided a maximum of only four apartments on each level, further adding to the projects boutique nature”

Bowtell expects the project will resonate with downsizers already within the Kooyong, Toorak belt, or those who are wanting to enter one of Melbourne's most exclusive areas.

[smartcode_project:default project_id=136666 project_image_fid=207856]

There are a mix of two and three-bedroom apartments, starting from $1,495,000.

Each apartment features high-end V-Zug appliances and SubZero Fridges

Kooyong has a median house price of $3,585,000, only second to its neighbouring Toorak.

Mansard follows BonYan’s success in Glen Iris where they developed the luxury Oakden project. It set a suburb record in 2017 when an empty nester paid $3,617,000 to combine four two-bedroom apartments to create a 332 sqm unit on the ground floor.

[smartcode_project_cta:default project_id=136666]

The earliest known example of a mansard roof is credited to Pierre Lescot on part of the Louvre built around 1550.

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

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