<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?

Newly built in Melbourne's popular suburb of Footscray is Ovation – a multi-residential development featuring sophisticated design and luxury amenities. Recently we filmed a video tour of one of the completed apartments.&nbsp;

Watch the tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/oLvU4PQo_1k" title="YouTube video player" width="660"></iframe>

<h2 style="line-height: 1.38; text-align: justify;">OVATION AT A GLANCE</h2>

Address: 94 Buckley Street, Footscray 
Developer:&nbsp;<a data-uw-rm-brl="false" href="/developers/keystone-property-group">Keystone Property Group</a> 
Architect:&nbsp;<a data-uw-rm-brl="false" href="/architects/kavellaris-urban-design">KUD Architects</a>

[smartcode_project_cta:default project_id=5490]

Located at 94 Buckley Street in Footscray, you're situated within a 5-minute walk to Middle Footscray Station, 10-minutes from Footscray Market and a 15-minute drive to the CBD. You've also got a tram right on your doorstep and the vibrant, cosmopolitan eateries Footscray is famed for.&nbsp;

[smartcode_project:default project_id=5490 project_image_fid=78491]

Delivered by an industry-leading team, Ovation has been designed to reflect Footscray's unique architectural character, incorporating industrial-style red brick into the facade.&nbsp;

Thoughtful landscaping creates a sense of tranquil seclusion and provides a visually appealing facade, with vertical greenery found throughout the development.

[smartcode_project:default project_id=5490 project_image_fid=78497]

As you can see from the tour, Ovation's interiors instantly evoke a relaxed, homely atmosphere. The warm oak timber extends to a generous balcony, providing a seamless connection between indoor and outdoor living.&nbsp;

I can just imagine how often residents would utilise this balcony – it's much more spacious than what you'd typically find, and you have the most stunning view of the Melbourne skyline to enjoy throughout the day.&nbsp;

[smartcode_project:default project_id=5490 project_image_fid=78495]

In the kitchen, you've got integrated Bosch appliances, timber joinery and a custom-fit window above the sink, which is a feature I absolutely love - as it gives you a cool outlook and natural light while you're cooking.&nbsp;&nbsp;

The kitchen benchtops feature a modern concrete finish, which is both stylish and durable – plus, it references the industrial-inspired concrete ceiling.

[smartcode_project:default project_id=5490 project_image_fid=78496]

All bathrooms are timeless and modern, with frameless shower glass, a rainfall shower head and integrated shower storage.

At Ovation, you can truly relax and unwind thanks to the enviable resort-style amenities. A single level has been dedicated to a luxurious swimming pool with sun loungers, with a separate space perfect for alfresco dining and barbeques with friends and family.

Completed apartments usually get snapped up, especially in a coveted, burgeoning suburb like Footscray. Submit your enquiry today via Urban and book a time to visit Ovation in person.

Olivia Round

Display Tour Video: Ovation by Keystone Property Group at 94 Buckley Street, Footscray, VIC

Mirvac has just wrapped up construction on its highly anticipated Transformation House charity home within their community, Smith Lane.&nbsp;

The Clyde North one-of-a-kind architecturally designed home is set to be auctioned off on Saturday November 12 in a bid to raise much-needed funds for The Salvation Army’s Red Shield Appeal.&nbsp;

The build of Transformation House took just eight months by Mirvac, with Head of Residential Stuart Penklis saying it wouldn’t have been without the help of their 25 generous and trusted suppliers who rallied together to donate and reduce material costs, products and trades.&nbsp;

<img alt="Inside the Clyde charity home, Transformation House " data-entity-type="file" data-entity-uuid="5a565b75-b1c6-4b71-9ec4-5931ca49fd20" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Smiths%20Lane%20by%20Mirvac_Transformation%20House_Main%20Living.jpg?VersionId=B1kn.GHMMMyVX4VFPYlGjpYuPq7cUTIZ" />Inside the Smiths Lane charity home, Transformation House. Image supplied.&nbsp;

“Mirvac has been reimagining urban life for 50 years and the future-ready Transformation House demonstrates our ongoing commitment to creating sustainable communities, from an environmental, economic and social perspective. It has been truly wonderful to see our community come together to help raise vital funds to ensure The Salvation Army can continue to create a better future for those impacted by homelessness,” Penklis said. &nbsp;

MIrvac are hoping to achieve a sale price of more than $1 million come auction day, with a $500,000 fundraising target for the Red Shield Appeal, which could support safe emergency accommodation for those in need for 2,564 days - transforming the lives of thousands of people across Australia.&nbsp;

Designed by the award-winning Mirvac Design team, the two-storey four-bedroom home will be move-in ready, with GlobeWest furniture and other high-quality furnishings selected and styled by Dani Wales from Healthy Homes Australia, Dan Reilly of The Block, in conjunction with their team at Manna Made.&nbsp;

The future-ready 7-star NatHers rated home sits across a 393 sqm block, designed to minimise energy consumption and maximise livability, with prospective bidders now able to register their interest to inspect the home.&nbsp;

Offering open plan and flexible living spaces, Transformation House also includes a double car garage, premium Smeg appliances, solar panels, walk-in-wardrobes, a family bathroom and two ensuites, along with an alfresco resort-style backyard, complete with timber decking and a Plungie Studio pool.&nbsp;

<img alt="Inside the Smiths Lane charity home, Transformation House " data-entity-type="file" data-entity-uuid="b937a615-91d1-450d-a652-557177405397" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Smiths%20Lane%20by%20Mirvac_Transformation%20House_Outdoor%20Area.jpg?VersionId=jGeWf7pzMkWuogt2APS3Jr4ALFcZtHnA" />Inside the Smiths Lane charity home, Transformation House. Image supplied.&nbsp;

“We’ve been really proud to be involved in the styling of this beautiful Mirvac-designed home. For us, it was all about creating a soft, calm palette, with furnishings that work harmoniously with the home’s existing fixtures and fittings,” said Wales.&nbsp;

“We wanted to provide a really good foundation for the lucky future homeowners, so that they can move in and put their own stamp and personality on the space. With heaps of space and natural light that make it perfect for entertaining friends, we’re excited to see as many people as possible on auction day to support The Salvation Army Australia,” she said.&nbsp;

Salvation Army Australia (Major) Corps Officer, Michael Wright said that the contribution will play a significant role in helping the Salvation Army Australia provide housing, food, financial aid and other assistance to those who are homeless or living in poverty.&nbsp;

“Now, more than ever, so many Australians are under housing stress and in need of our support. Homelessness is a crucial issue that impacted over 278,300 Australians in 2020-21* and the sale of the Transformation House will raise much-needed funds to help us continue to provide crisis, transitional and long-term accommodation, refuges for women and their children, rooming houses and community housing,” Wright said.&nbsp;

<img alt="Inside the Smiths Lane charity home, Transformation House " data-entity-type="file" data-entity-uuid="1cfaca7a-370d-48ae-a40d-922076c4a09d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Smiths%20Lane%20by%20Mirvac_Transformation%20House_Master%20Bedroom.jpg?VersionId=xhmyOf_KgmIbhEVmahYqmx_xJb3A.oJn" />Inside the Smiths Lane charity home, Transformation House. Image supplied.&nbsp;

Located just a short walk from Clyde Grammar and Banjo Park - as well as the soon to be opened Smiths Lane Hub which features a community space, social enterprise cafe and Experience Centre - Transformation House forms part of the masterplanned community which over 3000 residents will call home once complete.&nbsp;

With 60 hectares dedicated to green space, including sporting facilities, local parks, walking tracks and bike trails, Smiths Lane is also set to feature a future town centre, with supermarkets, speciality stores, restaurants, government school, childcare and educational facilities.&nbsp;

[smartcode_project_cta:default project_id=28168]

Offering open plan and flexible living spaces, Transformation House also includes a double car garage, premium Smeg appliances, solar panels, walk-in-wardrobes, a family bathroom and two ensuites, along with an alfresco resort-style backyard, complete with timber decking and a Plungie Studio pool. 

Mirvac wrap construction on Smiths Lane Transformation House

Sometimes there's more to a residential development than just creating places to live.

Take the newly launched Joe's Quarter, the latest beachside Melbourne project by Shenfield Property Group.

Their new project is on the site of the old Pompei Boatworks in Mordialloc, just south of Bayside in the City of Kingston local government area. Not only have they incorporated the long history of the site in the striking design, but they've also done so in the name.

Joe's Quarter is named in homage to Joe Pompei, who ran Pompei Boatworks with his brother Jack. Jack was known as Mr Mordialloc and the brothers spent years building and fixing boats at the Main Street site before the old building became neglected and fell into disrepute.

Now demolished, the site has been cleared to make way for just 11 residences designed by&nbsp;JFKDESiGN, who used strong, robust materials to reflect the old building's maritime history.

[smartcode_project:default project_id=134238 project_image_fid=206646]

Developer Alister Shenfield has worked with designer Jackson Fitzroy Kennedy for nearly two decades with this project being their most ambitious together to date.&nbsp;

“Thoughtful bespoke design and quality finishes delivers truly refined contemporary living, all the while making the most of its iconic bayside location,” Shenfield says.&nbsp;

A robust, yet stylish exterior of unique angled feature brickwork mimics the upward sweep of a bow, enhanced with details in copper, charcoal steel and aluminium.

Inspired by the coastal location, the interior of Joe’s Quarter brings the estuarine environment from the front door to the inside.&nbsp;

Barry Plant's Damien Murphy said Joe's Quarter was certainly a one off, irreplaceable even, given its location and the size of the apartments.

"There's nothing quite like Joe's Quarter anywhere, it's a very unique opportunity and it's already attracting strong local interest," he said.&nbsp;

Murphy said they had also had interest out of London, with the internet proving to be as far-reaching as ever, showcasing the marine-inspired development across the globe.&nbsp;

[smartcode_project:default project_id=134238 project_image_fid=206641]

"We had interest from an Aussie expat living in London, someone in the marine industry who may be looking to make their way back to Melbourne," Murphy said.

"Joe's Quarter will offer an unrivalled location, further complimented by views over the boats and pier and out onto the bay."

Internally, charcoal, saltbush and grey stone combine with rich timber details and brass tapware to create a serene retreat, while satin textures promote gentle touches, with brass accents a nod to the once common hardware of traditional watercraft.

The floor plans are generously proportioned with visible indoor-outdoor connections between the living spaces and adjoining terraces, as each residence enjoys views to the creek and bay, with city skyline views from level three.&nbsp;

Murphy says those looking to resize will be the most keen on Joe's Quarter, with the residences offering size never seen before in the local market.

"Typically it's a challenge for buyers to move from a house to an apartment in the local area, which has average apartment sizes around 71 sqm."

[smartcode_project:default project_id=134238 project_image_fid=206643]

"Residences at Joe's Quarter start from 116 sqm, more than 50 per cent larger than the average. Some of the dwellings have over 160 sqm of internal living space."

"We're really going to see a lot of buyers resizing, looking for the lock and leave lifestyle, whilst not compromising on space."

Undoubtedly one of Mordialloc’s premium addresses, Joe’s Quarter is positioned on the banks of Mordialloc Creek as it flows into Port Phillip Bay.

With a vibrant shopping and dining strip right on the doorstep, the residences are also close to a number of parklands and schools, as well as Mordialloc Train Station.&nbsp;

As one of Melbourne’s most iconic bayside locations, the expansive beach is arguably Mordialloc’s most enviable feature, lined with foreshore reserves, walking paths, along with the pier at the mouth of Mordialloc Creek, the area is a playground for all ages and recreation pursuits.&nbsp;

[smartcode_project_cta:default project_id=134238]

Joe's Quarter is named in homage to Joe Pompei, who ran Pompei Boatworks with his brother Jack. Jack was known as Mr Mordialloc and the brothers spent years building and fixing boats at the Main Street site before the old building became neglected and fell into disrepute.

How Joe's Quarter pays homage to its boat-making pioneers

The vibrant and funky Fitzroy is set for its next apartment development.

Boutique property developers Urban have launched their latest project, 25 Smith, with the project only growing the group’s already substantial portfolio across Melbourne’s inner-city.&nbsp;

The group began as a collaboration between colleagues Bart O’Callahan and Tony Suttle and now includes a hand-picked specialist team of property-focused staff across both Melbourne and Sydney.

[smartcode_project:default project_id=110364 project_image_fid=206620]

Just 23 apartments will be delivered across the aptly named project at 25 Smith Street, with Urban engaging experienced construction firm Hamilton Marino to build the $44 million development.

The building’s durable materials, flexible spaces, and extensive landscaping all contribute to the ongoing transformation of the precinct’s industrial past to one of Melbourne’s most liveable suburbs.

In collaboration with Clare Cousins Architects, 25 Smith will present a mix of two and three-bedroom apartments, designed to suit the local down-sizer and owner-occupier market, spanning from 91 sqm to 390 sqm.&nbsp;

Just 18 of the apartments have launched to market, with the opportunity remaining for buyers to amalgamate residences to create two additional full-floor apartments.&nbsp;

“Natural stone, textured timbers and warm colours have been selected throughout the interiors which embody a sense of timelessness and calm, acting as a backdrop to the individuality of daily life,” Urban say.&nbsp;

[smartcode_project:default project_id=110364 project_image_fid=206618]

“Room to breathe and an abundance of natural light, allow the restrained sophistication of these spaces to shine through, featuring subtly contrasting textures and superb, high-quality finishes.”

The community will be connected through shared spaces, providing both indoor and outdoor opportunities for gathering and wellness.

A residence-only "Wellness Zone" is set to include an Infra-red sauna and plunge pool, while the ground floor retail space will further integrate the building into the fabric of Fitzroy.

[smartcode_project:default project_id=110364 project_image_fid=206617]

Solar power generation and electric vehicle charging will also be on offer across the development, coupled with the abolishment of gas and high-quality water-sensitive fixtures, all helping to provide a responsible and future-focused home at 25 Smith.

Completion on the project is slated for the end of 2024.

[smartcode_project_cta:default project_id=110364]

Just 23 apartments will be delivered across the aptly named project at 25 Smith Street.

25 Smith launches in Melbourne's inner city hotspot Fitzroy

Mirvac has marked the final chapter of its prestigious $900 million Tullamore community in Doncaster with two significant milestones; the launch of the highly anticipated ‘The Finale’ premium residences and the topping out of FORME, the third and final boutique apartment building within its Apartments of Tullamore precinct.

Signalling the end to a well-thought out and long-awaited project, initial works commenced on Tullamore back in 2015 with Mirvac developing the site of the former Eastern Golf Course.&nbsp;

As the 47-hectare community hits the 98 per cent sold mark, the release of The Finale residences and remaining FORME apartments offer the final opportunity to buy into the thriving community.&nbsp;

<img alt="Render inside one of The Finale residences" data-entity-type="file" data-entity-uuid="9a60c6f2-ced3-4240-86fe-97535f6ca63e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/image003.jpg?VersionId=4pi8eEg2w3Z6YYzYjKyjIpTtT8Czw4WR" />Render inside one of The Finale residences

With Mirvac notching up over 50 years of experience in creating communities and over 2000 residences already living at Tullamore, Mirvac’s Head of Residential, Stuart Penklis, says that both milestones highlight the community’s success.

“It was really important to Mirvac that we enhance, conserve and celebrate the natural beauty of the iconic Tullamore site, adding new residences and amenity in the most environmentally friendly way,” he said.&nbsp;

“From the outset, we prioritised the creation of high-quality amenity for the community. Almost 30 per cent of Tullamore has been devoted to green open space, and in combination with Next Gen Doncaster Health and Lifestyle Club, our residents can enjoy an unrivalled level of health and wellbeing.”

“This commitment to reimaging urban life in Doncaster has resulted in numerous repeat purchasers at Tullamore, as well as multiple family members purchasing homes in the thriving community,” Penklis acded.&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163036]

The Finale release will include a limited collection of luxury 7-star NatHERs residences within Tullamore’s breathtaking Grange precinct. Architecturally designed by Mirvac’s award-winning design team, the three-level, four-bedroom homes are priced $2.2 million to $2.6 million.

With two generous floor plans available, each home has been designed to offer ample space, making it perfect for upgraders, young professionals, and families.

Featuring stylish and spacious open-plan interiors, separate balconies and a private north-facing courtyards, the homes also benefit from overlooking Tullamore’s future six-hectare conservation reserve, complete with lush mature trees and future ornamental lake.

[smartcode_project:default project_id=100322 project_image_fid=163034]

Along with creating an exceptional living environment for residents, residences within The Finale release have been designed to reduce the energy required to heat and cool the home, achieving a minimum 7-star energy rating.&nbsp;

Sustainability has also been at the forefront of Mirvac’s Tullamore masterplan, with each home within the wider community achieving a minimum 6-star energy rating.&nbsp;

[smartcode_project_cta:default project_id=100322]

As the 47-hectare community hits the 98 per cent sold mark, the release of The Finale residences and remaining FORME apartments offer the final opportunity to buy into the thriving community. 

Mirvac release final homes at Doncaster community Tullamore

ASX-listed property developer Cedar Woods has achieved topping out of its final residential building in its Clayton South community, Jackson Green.&nbsp;

The Aster Apartments will add to the three existing residential buildings in the $230 million masterplan Jackson Green, which also includes 151 townhomes across 6.5 hectares.

Launched in July 2020, Aster Apartments received interest from both first home buyers and investors during and after the COVID-19 pandemic, with the building achieving 86 per cent sell-through in October this year.

[smartcode_project:default project_id=4124 project_image_fid=187628]

Cedar Woods’ Victorian Development Director James Bovell says the success of Aster Apartments demonstrates the strength and resilience of Melbourne’s suburban apartment market.

“We’ve seen strong and consistent demand for apartment living outside of the CBD and city fringe areas, with many purchasers wanting to pursue a low-maintenance lifestyle with a community feel – especially with the emergence of hybrid work,” said Bovell.

“Aster Apartments offers a low-maintenance alternative to a standalone home and caters to a wide range of purchasers, who are increasingly looking to be part of an established community development in close proximity to lifestyle outlets, schools, and green space.”

[smartcode_project:default project_id=4124 project_image_fid=203080]

The Jackson Green development has been designed with sustainability in mind, with features double glazing, a photovoltaics system which will provide power and lighting to communal areas, a water reuse system, communal electric vehicle charging, and Tesla ride share program, elements which Bovell says speak to the future of what purchasers will look for when purchasing a home.

“By placing sustainability at the heart of Jackson Green we have been able to deliver a community that benefits both the residents of Jackson Green and the broader community of Clayton South,” said Bovell.

Comprising 128 one, two and three-bedroom apartments, Aster Apartments are set across three buildings, with open-plan layouts, private courtyards and balconies and stainless steel appliances.&nbsp;

[smartcode_project:default project_id=4124 project_image_fid=203081]

The development is well serviced by existing infrastructure such as Monash University, Monash Medical Centre, Clayton Shopping Centre, two train stations, cafes, restaurants, hospitals, golf courses and some of Melbourne’s best recreational trails.&nbsp;

Aster is also on the doorstep of the Monash Employment Cluster, which boasts the largest concentration of jobs outside of Melbourne CBD.

Internal fit outs of the Aster Apartments is now underway, with an anticipated completion date of February 2023.

[smartcode_project_cta:default project_id=4124]

Launched in July 2020, Aster Apartments received interest from both first home buyers and investors during and after the COVID-19 pandemic

Cedar Woods top out final residential building in Jackson Green, Clayton South community

The Andrews Labor Government is supersizing the popular Victorian Homebuyer Fund, committing $1.1 billion to triple the size of available support and help thousands more Victorians realise their dream of owning a home.

The new funding will add to the $500 million existing investment in the shared equity scheme that makes home ownership more achievable for many Victorians.&nbsp;

So far, the fund has helped more than 2,000 Victorians buy a home with an additional 1,000 applicants approved to start house-hunting knowing they have a secure funding partner.

[smartcode_project:default project_id=3260 project_image_fid=206129]

Treasurer Tim Pallas said the fund had been popular for a number of reasons, namely helping people get into their own homes quicker with help from a secure partner.&nbsp;

“Thousands more Victorians will now be able to realise their dreams with this new injection. Combined with the First Home Owner Grant and first home buyer stamp duty relief, it can make a massive difference.”

Through the shared equity scheme, eligible participants require only a five per cent deposit and the Victorian Government provides up to 25 per cent of the purchase price of the home, reducing the size of participants’ mortgage repayments and also saving lenders mortgage insurance.

[smartcode_project:default project_id=112174 project_image_fid=199592]

Participating homeowners can buy out the Government’s share at market value over time, with payments reinvested to help other aspiring homebuyers get into the property market.&nbsp;

The scheme is open to homes valued below $950,000 in Melbourne and Geelong, and $600,000 in regional Victoria.

The new investment will open the door to home ownership to a further 7,000 people, taking the total to 10,000.

More than half of the Victorian Homebuyer Fund’s successful homeowners are first home buyers, who are also eligible for other significant Andrews Labor Government grants and stamp duty exemptions and concessions.

[smartcode_project:default project_id=2929 project_image_fid=201026]

The typical Victorian Homebuyer Fund member to date has paid an average deposit of $35,000 on a property purchase price of around $650,000, with the Fund contributing shared equity of $155,000.

The Victorian Homebuyer Fund was launched in October last year, working with the Commonwealth Government as it prepares its Help To Buy shared-equity scheme, which will add to the choices available to families and individuals.

The Labor Government’s support for first-home buyers last financial year topped $1.1 billion, with $801 million paid in stamp duty exemptions and concessions to more than 44,000 purchasers, $223 million paid in $10,000 First Home Owner Grants and $150 million contributed in Victorian Homebuyer Fund shared equity.

The extension of the Fund will be aided by a new lending partner, Indigenous Business Australia (IBA), which will be supporting more Aboriginal and Torres Strait Islander participants into the scheme. 
 
Louise, St Kilda Rd, is featured in the main image.

The scheme is open to homes valued below $950,000 in Melbourne and Geelong, and $600,000 in regional Victoria. 

The Louise development at 8 Louise Street in Melbourne, main image

Victorian Homebuyer Fund receives $1.1 billion boost: What this means for homebuyers

Downsizers seeking the convenient lock and leave lifestyle apartments offer have found their home at Samuel Property’s inner city Melbourne development, Louise.&nbsp;

Having launched in July sales have been strong, with around 60 per cent of the sales so far going to downsizers. There's been around 90 per cent owner-occupiers all up, made up of about 20 per cent first home buyers.&nbsp;

[smartcode_project:default project_id=112174 project_image_fid=199593]

One local downsizer said she had been looking in the market for the last five years and as a result was quite familiar with real estate agents and the overall process in buying a property.&nbsp;

“One of the challenges we’ve had is finding someone who can truly engage you and who you can trust when you’re looking at a purchase off the plan because what you see you might not get,” the downsizer said.&nbsp;

“When my husband and I came into the Louise office and met Darren [of Blair Property Group] we embraced his honesty, as he was very down to earth and very open, whilst also listening to our feedback.”

“It was actually Darren who came up with some wonderful ideas we hadn’t even considered but ultimately led us to purchase the apartment that we did,” they added. &nbsp;

[smartcode_project:default project_id=112174 project_image_fid=199594]

Blair Property Group Founder, Darren Blair said the greatest feeling in a new project is building a community along the way.&nbsp;

“It stems from the notion that we are compiling a group of individuals from different backgrounds that will live together for years to come," Blair said.

“One of our core values as a business is to be people focussed. Through unwavering integrity, our business is focused on delivering an exceptional experience for all.”

Upon competition, Louise will deliver 88 apartments with a mix of one, two, three and four-bedroom floor plan configurations, with Blair noting the drop in apartment numbers due to many buyers choosing to amalgamate multiple floorplans to design their forever home.&nbsp;

[smartcode_project:default project_id=112174 project_image_fid=199598]

Located on the corner of Louise St and Queens Lane, the aptly-named project has been designed by renowned architect firm Cera Stribley, in a nod to the surrounding art deco buildings.&nbsp;

In a bid to stay sympathetic to the characteristics of the nearby St Kilda Road, Louise’s form will take on a red brick and white terrazzo palette, complemented by scaling greenery.

As the tower ascends beyond the lower levels, projecting eaves fan out, creating a flowering effect inspired from the local Albert Park Sailing Club, while the concrete and glass skeletal exterior is visually split into two by a vertical seam running the entire length of the tower.

Internally, interiors boast unconventional material palettes with the traditional choice of light versus dark being swapped for either fresh sunrise or warm sunset themes.

[smartcode_project:default project_id=112174 project_image_fid=199605]

View lines have also been maximised where possible, and the upper floor residences benefit from vistas of Albert Park, Port Phillip Bay, and the Melbourne city skyline.

Samuel Property Managing Director, Illan Samuel said the location of Louise makes it a truly special project.&nbsp;

“With views that can never be built out, across a project that has under 100 apartments, that’s exceedingly rare to find within the locality,” he said.&nbsp;

"Together with Cera Stribley, we have worked tirelessly to consider the way a likely ‘Louise’ resident may live and use the spaces within the development.”

[smartcode_project_cta:default project_id=112174]

Samuel Property Managing Director, Illan Samuel said the location of Louise makes it a truly special project

Why downsizers are flocking to Louise apartments on Melbourne's St Kilda Rd

The team behind Melbourne’s $2 billion transformation of the Moonee Valley Racecourse has unveiled the project’s most anticipated residential release to date; Trackside House – the first residential offering in Moonee Valley Park to boast track frontage, and the only one with uninterrupted views of the racetrack’s future finishing straight.

Trackside House will feature 205 residences including some high-end apartment stock, which come with a twist. The project will include three and four-bedroom penthouse product on each level, as opposed to stacking all of the penthouses on the top level. The clever design will accomodate those who want the larger apartment while also being closer to the track.

Joint venture partners, developer Hamton and superannuation fund Hostplus, who are working in partnership with Moonee Valley Racing Club, had renowned architecture firm Rothelowman collaborate with interiors house Carr on the designs.

Prices at Trackside House will start from $470,000 for the one-bedroom apartments, and range in price through the two, three and four-bedroom offerings to over $5 million.

The unobstructed views across the racecourse, which extend across Ascot Vale and Brunswick to the Melbourne city skyline, will offer residents unparalleled vision of iconic race days like the Cox Plate alongside the future infield of the track – which will be transformed into a lush, green landscape of walking tracks, parklands and integrated community amenities.

<img alt="The tower overlooking the race course" data-entity-type="file" data-entity-uuid="04f4c647-7aef-4f5c-a22a-5e73296029aa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-19%20at%203.54.53%20pm.png?VersionId=vH.k0ZF5I1Gm9VPaqLphjemZhjX1hNGa" />

Trackside House will be the fourth stage released within Moonee Valley Park. Its designs by Rothelowman maintains&nbsp;the precinct’s strong connection to nature and biophilic design, fostering a unique urban sanctuary surrounded by greenery – just only six kilometres.

Inspired by the composure and calm of a refined hotel, the Trackside House lobby will welcome residents with a tree-lined landscape that leads to a private drop off area and concierge – complete with a number of services that can be booked via smartphone on the Residents’ App.

Trackside House will also be serviced by a number of exclusive resident amenities including a rooftop pool, residents’ lounge, business lounge and state of the art Wellness Sanctuary – equipped with glass-walled yoga room, meditation space and sauna and fully equipped gym.

Hamton Property Group Executive Chairman Paul Hameister said Trackside House’s uninterrupted views of both the Moonee Valley Racecourse and the city set it apart, adding to the project’s botanical design, community amenities and 20ha of green open space and parklands.

“Residents at Trackside House will be able to soak up the fun atmosphere of Moonee Valley Racing Club’s race days, events and activities, in person or from the privacy of their balcony or the rooftop entertaining areas, while enjoying uninterrupted views of the city skyline," Hameister said.

“Trackside House is the first racetrack-fronting stage within Moonee Valley Park – we have a large database of buyers who have been waiting for a track-fronting apartment, so we are excited to be bringing these unique homes to market.

<img alt="Trackside House" data-entity-type="file" data-entity-uuid="75be6960-6c20-438a-bc32-f5b24bf9215c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-19%20at%203.54.49%20pm.png?VersionId=gPWhWRBO5kbNbPQ3LbuwLzepTg9MLOYO" />

“We are once again, offering purchasers of our Penthouse apartments the opportunity to collaborate with Rothelowman and Carr to design a customised home tailored personally to their needs and believe this will resonate strongly with the local owner occupier market."

Rothelowan Principal Chris Hayton says the opportunity for purchasers to customise their future home is reflective of the Moonee Valley Park design ethos, which brings together unique residences and premium amenities that complement its natural surrounds, location and landscape.

“We are thrilled at the prospect of being able to work with future residents of Trackside House to tune the building and apartments to perfectly match their lifestyles," Hayton says.

"The underlying design philosophy for the building has always been to deliver a living experience of enviable generosity by leveraging its truly unique setting. Collaborating with residents of the building further amplifies the opportunities to provide one-of-a-kind residences."

The $2 billion redevelopment of Moonee Valley Racecourse will transform the 40 hectare site into a botanic-inspired residential landmark, and the new premium neighbourhood of Melbourne’s inner north.

Once complete, Moonee Valley Park – which is designed to be a neighbourhood within a park – will encompass around 2,000 dwellings across eight village-style precincts, complete with resident amenities, retailers, cafes, restaurants, playgrounds, sporting fields, running and walking tracks, set among 20 hectares of abundant green open space.

Moonee Valley Park launched to the market in August 2019, and has since delivered its first completed stage – as well as amenities including Tote Park and TOTE Bar &amp; Dining – with the first residents moving into their new homes in 2022. Two further stages are under construction with completion in 2023.

The $2 billion redevelopment of Moonee Valley Racecourse will transform the 40 hectare site into a botanic-inspired residential landmark, and the new premium neighbourhood of Melbourne’s inner north.

Hamton reveal Trackside House at $2 billion Moonee Valley Racecourse redevelopment

The latest luxury development by national developer JWLand, The Grounds in Ivanhoe East, is set to welcome its first residents in early 2023.

Located only nine kilometres north east of Melbourne’s CBD, construction of the trio of apartment buildings and townhomes is at the tail end of construction.

Proving to be popular among local downsizers, JWLand has fast tracked construction of a three-bedroom apartment in the Wilfred building.

No expense has been spared at The Grounds, with premium SMEG kitchen appliances and a 50-bottle Vintec wine fridge set to make entertaining a delight in either of the apartments or townhomes.

[smartcode_project:default project_id=5806 project_image_fid=201412]

Residents will also be able to enjoy luxury inclusions such as heated towel rails and underfloor heating in the master ensuite, making those chilly Melbourne winters more tolerable.

JWLand’s Project Marketing Manager Nick Babic says the fast-tracked display apartment gives both prospective buyers, and those who have already purchased, the most accurate representation of the finished product.

“The completed apartment shows purchasers what they bought,” Babic says.

“We’re getting a number of locals walking through the display and they’re getting a feel for the size and quality of the project when in the space,” Babic added.

[smartcode_project:default project_id=5806 project_image_fid=168932]

Babic said that buyers will have the confidence that the fast-tracked apartment is exactly what will be delivered because JWLand is both the developer and the builder of the project, an uncommon offering which allows them to control the process from start to finish.

“We’re a one stop shop,” Babic added. “There’s only one place buyers need to go to. There’s not the unknown of the builder/developer relationship, or whether the building firm is under pressure in the current labour and materials shortage environment.”

The structures for all three apartment buildings, Wilfred, Wamba and The Boulevard have been completed with internal fitouts well underway. Also nearing completion are the structures for the townhomes, also known as Oak Terraces.

[smartcode_project:default project_id=5806 project_image_fid=168936]

The landscaping by Memla Landscape Architects is one of the most impressive features in this master planned development. More than 15,000 sqm of land has been dedicated to gardens and public spaces, creating a sense of nature and tranquility on residents' doorstep.

Babic says it will really hit home what they’re producing as the landscaping starts to come to life.

“The landscaping is one of the major drivers for this project. Most of the residents will be downsizers from the local area, who have been accustomed to large gardens.

When forming the masterplan for The Grounds, we focused on creating this landscaped environment where residents are still connected to nature, without having to maintain their own gardens.”

[smartcode_project:default project_id=5806 project_image_fid=168935]

JWLand also has a promotion running currently where buyers can secure their apartment or townhouse with just a $10,000 deposit, leaving the rest payable at settlement.

“Traditionally buyers would have to pay 10% on exchange of contract, which can be a significant cash outlay. By offering the opportunity to exchange on just $10,000, we are giving our buyers a few more months to store or save the rest of their deposit.”

Two, three and four-bedroom apartments start from $995,000 while three-bedroom townhomes start from $1.85 million.

[smartcode_project_cta:default project_id=5806]

Buyers are expected to move into the nature-driven project toward the end of Q1 2023

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