<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?

Designed as a love letter to Italy, La Storia is a boutique Carlton development – crafted with a vision to create homes that inspire warmth and togetherness, with the kitchen as the central space within the home. La Storia offers exemplary attention to detail and sustainability and would have to be one of our top picks if you're looking for a forever home in this vibrant inner northern suburb.&nbsp;

Check out our apartment spotlight video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/wSQN4DjxH7w" title="YouTube video player" width="660"></iframe>

<h2>LA STORIA AT A GLANCE</h2>

Address:&nbsp;195 Cardigan Street, Carlton VIC 3054 
Developer: Marcocci Property Group 
Architect:&nbsp;M3

[smartcode_project_cta: project_id=111979]

La Storia is the Marcocci family's latest luxury development, where no expense has been spared to deliver a collection of 20 three-bedroom homes that residents will appreciate for years to come.&nbsp;

Enjoy living just less than 2 kilometres from Melbourne's CBD and within walking distance to Lygon Street restaurants, Fitzroy's shopping precinct and the popular Carlton Gardens.&nbsp;

[smartcode_project:default project_id=111979 project_image_fid=194095]

M3 Design's ethos was to use strong materials with nothing to hide –giving buyers the confidence that their home will stand the test of time, just like the neighbouring properties which were built over 100 years ago.&nbsp;

The monolithic facade features modernist lines, with soaring concrete columns, luxurious marble and a central lobby with an opulent 4-metre high ceiling.&nbsp;

[smartcode_project:default project_id=111979 project_image_fid=194092]

M3 ensured accessibility was held at the forefront of design within the homes, opting for generous doors to enable smooth movement between rooms and uninterrupted flooring levels connecting indoor and outdoor spaces.

The 2.7 metre high ceilings and extensive glazing allow for plenty of natural light that refracts off the home's materials and surfaces and filters through living areas, creating a comfortable environment throughout the day. Each home includes ducted split system heating and cooling for additional thermal comfort.

[smartcode_project:default project_id=111979 project_image_fid=194080]

The kitchens include an integrated Subzero fridge-freezer and wine storage, which feature a NASA-inspired air purification system. Homes are equipped with Smeg appliances – with residents being some of the first in Australia to enjoy the Dolce Stil Novo range. You've also got your own butler's pantry which is perfect for entertaining.

Tapware throughout the home is by an Australian bathware manufacturer, Astra Walker, and is crafted using Marine Grade Stainless Steel.

[smartcode_project:default project_id=111979 project_image_fid=194081]

The building has been designed to achieve a low environmental footprint with the integration of solar panels and energy-efficient fixtures and fittings.&nbsp; All homes also come with two carparks and your own storeroom and bicycle storage.&nbsp;

If you'd like to learn more about La Storia, submit your enquiry today via Urban to receive the information pack.&nbsp;

Olivia Round

APARTMENT SPOTLIGHT VIDEO: La Storia by Marcocci Property Group in Carlton, VIC

Provenance, the boutique Camberwell apartment project by developer Beulah, is set&nbsp;to be completed by next month.

Apartments still remain at the three-level Toorak Road development of just 12 residences. Buyers now have the opportunity to view a completed apartment in the $30 million project.

The ground floor garden apartment has three bedrooms and two bathrooms, and has been designed to take in the garden through floor-to-ceiling windows and doors.

Provenance has been designed by award-winning architecture and interior design firm Elenberg Fraser.

[smartcode_project:default project_id=9099 project_image_fid=48598]

The light-scheme apartment features natural stone splashbacks, rich timber flooring with smokey brown hues and loop pile wool carpet, further complemented by large format porcelain tiles and rose gold tapware.&nbsp;

Buyers also have the choice to opt in for a dark-scheme residences.

Entry to the apartments begins via direct lift access to the private entry lobby,&nbsp;which becomes a personal drop-off zone for groceries and deliveries to the doorstep.&nbsp;Each&nbsp;Provenance kitchen features a&nbsp;full suite of Gaggenau appliances.

[smartcode_project:default project_id=9099 project_image_fid=48600]

The feature entry doors are made of fluted glass, with the landscaped gardens complemented by entertaining terraces.

Melbourne-based builder Iurada Property Group, who won&nbsp;the 2019 Master Builders Victoria Award for Excellence in Lowrise Apartment Buildings, is handling the build.

Beulah&rsquo;s Executive Director, Adelene Teh said the group was thrilled with the progress made by Iurada in constructing the Provenance Camberwell project so far.

&ldquo;Alongside the team at Elenberg Fraser, we had bold plans for this project, and it&rsquo;s been incredible seeing everything come to life, so accurately reflecting our vision as things move ever-closer to completion,&rdquo; Teh said.

[smartcode_project:default project_id=9099 project_image_fid=48606]

&ldquo;Buyers can now immerse themselves in a completed apartment and can experience the sheer size of these homes, while seeing and feeling the quality firsthand of the materials and finishes used.&rdquo;

In what has been a busy year for Beulah, the impending settlement of Provenance Camberwell comes as the developer recently revealed plans for its Prahran project, in collaboration with Cera Stribley, alongside the record-breaking sale and launch day within its highly anticipated, STH BNK By Beulah project.

Prices at&nbsp;Provenance start from $1.25 million.

[smartcode_project_cta: project_id=9099]

Apartments still remain at the three-level Toorak Road development of just 12 residences


Beulah’s Provenance Camberwell apartments near completion

Malaysian property developer, Gamuda Land, is set for just its second Australian development following its successful delivery of its 661 Chapel Street&nbsp;tower in South Yarra.

Gamuda Land, led by CEO&nbsp;Ngan Chee Meng, has spent $24 million on a prime site at 272 Normanby Road, South Melbourne, with the intention of delivering a 200-apartment, mixed-use tower.

The 2,600 sqm site, famously home to the Dunlop Rubber Co for over 70 years, is located within the Montague Precinct of Fishermans Bend.

Ngan Chee Meng said after the delivery of the company&rsquo;s maiden 661 Chapel Street, South Yarra project in 2018, Gamuda Land is focused on building a strong pipeline of residential projects in Australia over the next five years.

&ldquo;Since Australia&rsquo;s borders reopened for business, Gamuda Land has been actively looking to expand its foothold in all capital cities, in order to bolster residential supply by an additional 1,000 residences,&rdquo; Ngan said.

&ldquo;The South Melbourne site was immediately attractive to us, as it plays to Gamuda Land&rsquo;s global experience in developing sustainable communities and townships.

&ldquo;As a town maker, Gamuda Land is well positioned to apply our expertise in our international projects towards addressing challenges like climate change and housing affordability, which form the cornerstone of our scheme for South Melbourne.&rdquo;

<img alt="" height="722" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-14_at_6.42.38_am.png" width="1148" /> 
The former plans for the site had 260 apartments

Gamuda Land&rsquo;s vision is to re-instate local biomass on site, with extensive tree-planting and contributions to public green space included in the scheme.

&ldquo;Working with the traditional landowners as a first step, our design brief started with an understanding of the site&rsquo;s natural landscape and its indigenous heritage. We wanted to understand how we could restore part of the project to its pre-colonial state.&rdquo;

Partnering with Hayball Architects, Oculus and HIP V. HYPE, the project will deliver a biophilic outcome that incorporates native flora and &lsquo;re-wilds&rsquo; part of it to a pre-urbanised landscape.

In collaboration with the City of Port Phillip, DELWP and Fishermans Bend Taskforce, Gamuda Land will also deliver a new 3,000 sqm public park that will see a section of neighbouring Johnson Street permanently closed and transformed into open green space.

The architectural response by Hayball champions ecological design features like vertical greening that connects the park frontage with the building and private residents&rsquo; rooftop garden. Promoting the health and wellbeing of future residents has informed natural material selections, increased natural light in the development&rsquo;s design and enhanced connections to nature.

A lush biophilic spine through the building&rsquo;s 20 levels offers resident &lsquo;hide out&rsquo; areas for work and recreation amongst green spaces. Cascading green walls will feature prominently throughout corridors, lobbies and terraces.

An eco-deck atop the building will feature lush green planting and resident amenities like a Japanese inspired onsen, urban farming beds and a meditation and wellness studio.

&ldquo;It was important to us that the project made a significant contribution to enriching air quality and reducing heat island effect, delivering on Gamuda Land&rsquo;s goal to reduce its CO2 emissions by 40 percent by 2030,&rdquo;&nbsp;Ngan added.

&ldquo;The project will also see over 6,000 native plants and trees planted, furthering our goal to plant an additional one million trees across Gamuda Land&rsquo;s projects.&rdquo;

Additional amenities within the project will include an atrium retail space that will introduce 14 specialty retailers.

A mix of one, two and three bedroom apartments will be priced from $490,000 up to $1,450,000, with a sales launch planned for late 2022. Construction is anticipated to commence in June 2023.

The 2,600 sqm site, famously home to the Dunlop Rubber Co for over 70 years, is located within the Montague Precinct of Fishermans Bend

Gamuda Land set for Fishermans Bend, South Melbourne apartment development

Eight boutique luxury residences in Melbourne's popular bayside suburb of&nbsp;Brighton have just launched on Urban. Check out our apartment spotlight video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/mtpo-c4zQHU" title="YouTube video player" width="660"></iframe>

<h2>32 BLACK ST AT A GLANCE</h2>

Address: 32 Black Street, Brighton, VIC 
Development team:&nbsp;Thomas Construction and QB Constructions 
Number of residences: 8

[smartcode_project_cta: project_id=108268]

32 Black St&nbsp;properties feature two generously sized bedrooms, two carparks, and they're north facing. The only catch is that there are only 8 available, so you'll have to be quick to secure one.

Live a 15-minute walk to Brighton Beach, minutes from Brighton Golf Course, Epworth Hospital and across the road from Middle Brighton Station, taking you to the CBD in just 28 minutes.&nbsp;

[smartcode_project:default project_id=108268 project_image_fid=199300]

The build is being undertaken by Thomas Construction and QB Constructions, with a meticulous level of care being taken to ensure the homes are exemplary of quality and will stand the test of time.

Residents will enjoy three-bedroom-sized two-bedroom homes with two bathrooms and expansive balconies with views overlooking the city skyline.&nbsp;

Kitchens feature top-of-the-line Miele appliances, including integrated fridge freezers and induction cooktops.&nbsp;The bathrooms feature exquisite slate marble tiles and high-end tapware, exuding luxury.&nbsp;

[smartcode_project:default project_id=108268 project_image_fid=199297]

Each living space within the apartment is light and spacious and has been designed for residents to enjoy as their forever home.&nbsp;

You'll love living just moments to Brighton Beach, Palace Cinemas and Church Street dining precinct. There are also several well-regarded schools* in the area, and for your weekend activities, the Brighton Baths and Yacht Club are also within walking distance.

[smartcode_project:default project_id=108268 project_image_fid=199299]

Construction is well underway, with settlement expected in early 2023. To learn more, enquire via Urban today.&nbsp;

urban.com.au

APARTMENT SPOTLIGHT VIDEO: 32 Black St, Brighton, VIC

Caydon, founded by Joe Russo back in 1999, has hit the market running with its Preston apartments, Due North, with over 70 per cent sold.&nbsp;

Climbing 12 levels with 107 apartments, a rooftop space, a coworking area in the lobby and three retail spaces, Due North is set to be a unique addition to High St, Preston.

[smartcode_project:default project_id=5502 project_image_fid=155330]

Each level will contain a maximum of 12 apartments, designed&nbsp;with the owner-occupier in mind.

Local singles and couples in the hunt for their first home have taken up a crop of the apartments in Due North, with the nearby High Street, which is scattered with bars and restaurants, providing a swathe of highly desired amenity.

With the area experiencing a spat of gentrification, many buyers are seeking two-bedroom apartments, with the increasing flexibility of working-from-home and the need for an office space.

[smartcode_project:default project_id=5502 project_image_fid=155333]

Only a five per cent deposit is required to secure a new home in <a href="https://www.urbandirect.com.au/due-north/?utm_source=article">Due North</a>, with two-bedders starting from $593,000, meaning only a $29,650 deposit needed.

Construction is now underway on the Preston apartments, which are expected to be completed in the first half of 2023, giving buyers even more time to save the remainder of the funds for the property.

Owner occupiers can save on stamp duty for a limited time also, with buyers paying less than $6,000 stamp duty on two-bedroom apartments.

[smartcode_project:default project_id=5502 project_image_fid=155336]

With over 20 years' experience, Caydon has delivered over 4000 projects across Melbourne, including Windsor &amp; Co in Preston, as well as the Ivanhoe, Ettaro in Brunswick East and Only in Flemington.

The group currently have Rise, a two and three-bedroom apartment development in Moonee Ponds for sale, along with Home by Caydon in Alphington.&nbsp;

Home offers two and three-bedroom apartments, with buyers again only requiring a five per cent deposit and&nbsp;move-in slated for spring this year.&nbsp;

[smartcode_project_cta: project_id=5502]

Designed by Caydon's architecture and design team, each level consists of a maximum of 12 apartments, curated with the owner-occupier in mind.



Why first home buyers are snapping up apartments in Caydon’s Due North, Preston development

Located in leafy, riverside, Alphington, just 6.5km north-east of the city, HOME by Caydon comprises 16 stories of terrace homes, sky homes and apartments designed by Caydon’s award-winning Architecture and Design team.

Designed with the homeowner in mind, the 326 apartments feature large floorplans, light-filled living spaces and the modern must-haves, with generous storage, quality appliances, secure parking, concierge services and home automation technology.

[smartcode_project:default project_id=24441 project_image_fid=167638]

With construction nearly complete on the Alphington project, Caydon is offering buyers the chance to live 12-months mortgage free, with the purchase of a two or three-bedroom apartment, skyhome or terrace home before August 31.&nbsp;

Buyers will also only need a five per cent deposit when securing a home, meaning apartments starting from $699,000 will only require a $34,950 deposit, while skyhomes from $914,000 will require just a $45,700 deposit.

[smartcode_project:default project_id=24441 project_image_fid=167640]

The group’s incentives will see terrace home buyers, which start from $1,674,000 need to save just an $83,700 deposit.

HOME buyers can also enjoy the state’s stamp duty savings, with apartments set to be ready to move into by Spring.

[smartcode_project_cta: project_id=24441]

HOME buyers can also enjoy the state’s stamp duty savings, with apartments set to be ready to move into by Spring

HOME by Caydon set to welcome residents to Alphington project this Spring

Marocci Property Group have found their place within the tree-lined streets of Carlton, recording over $30 million in sales already at La Storia.

With construction set to commence soon on the residential project, buyers have only a small window to gain off the plan prices, prior to August 1, beating significant price rises.

[smartcode_project:default project_id=111979 project_image_fid=194080]

Delivering just 20 apartments across the site, La Storia has been designed by the father and son led M3 Design, with each of the three-bedroom homes prioritising natural light and airflow.

Taking its lead from the Venetian architect Carlo Scarpa, La Storia bursts with lightness, spareness and balance, following an&nbsp;environmentally conscious&nbsp;design that seamlessly integrates into its surrounds

Technically part of the modernist movement, Scarpa&rsquo;s style was subtle and subversive, instead of shunning the past he honoured it, transforming buildings with stunning simplicity.

[smartcode_project:default project_id=111979 project_image_fid=194079]

Driven by beauty and permanence, La Storia is built of strong materials, including marble and concrete, with the exterior taking on a monolithic presence, to reflect the idea of immutability.

Finely detailed and honed in stone, La Storia imbues the legacy of Carlos Scarpa, along with his ethos of the handmade and warm-blooded mix of the old and the new. &nbsp;

Maximum functionality and movement are at the heart of each floor plan with indoor and outdoor spaces designed to entertain or simply retreat to and relax.

[smartcode_project_cta: project_id=111979]

Quick sales at La Storia, Carlton apartments

Mirvac has thrown its support behind The Salvation Army Australia&rsquo;s signature fundraising drive, The Red Shield Appeal, with the creation of Transformation House.

Located at Mirvac&rsquo;s Smiths Lane masterplanned community in Clyde North, the brand new&nbsp;home will be auctioned in November 2022, with a $500,000 fundraising target for the Red Shield Appeal.

Currently under construction, the design of the home was unveiled at the end of June, with The Salvation Army Australia&rsquo;s Michael Wright (Major) Corps Officer, explaining that funds raised from the sale of Transformation House will create an ongoing legacy, helping the charity reach countless individuals and transform lives for years to come.

[smartcode_project:default project_id=28168 project_image_fid=186035]

&ldquo;Housing stress has been rapidly increasing across Australia. Right now, for every person you can see who is homeless there are 13 more that you can&rsquo;t see.&rdquo;

The funds raised through the sale of this house means that Mirvac, and the new homeowners, are playing a critical role in enabling The Salvation Army to address these issues by ensuring we continue to provide crisis, transitional and long-term accommodation, refuges for women and their children, rooming houses and community housing,&rdquo; he said. .

Mirvac&rsquo;s Head of Residential, Stuart Penklis, said that the Transformation House demonstrates Mirvac&rsquo;s commitment to reimagining urban life and building sustainable communities for the future.

[smartcode_project:default project_id=28168 project_image_fid=186032]

&ldquo;From the way we design and manage our assets, to the communities we create and the homes and neighbourhoods in which our customers live, being environmentally and socially responsible is firmly embedded in our DNA.

Designed by the award-winning Mirvac Design team, currently under construction home has taken its design inspiration from the curves of the local Cardinia Creek.

The two-storey 320 sqm home will feature unique architecture, with flexible living spaces, along with innovative technology and a resort-style backyard, complete with a plunge pool.

<a href="/developments/clyde-north-vic-3978"><img alt="" height="430" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image002_1.png" width="700" /></a> 
Render of the featured plunge pool at Transformation House. Image supplied.

With four-bedrooms and two-bathrooms, the home incorporates two living rooms, a butler&rsquo;s pantry and SMEG kitchen appliances, with the master bedroom featuring a luxurious walk in robe and ensuite.

An upstairs breakout area, mud room and study nook complete the family-style home, with the one-of-a-kind fully electric home also seeking to achieve a 7-Star NatHERS rating, incorporating &lsquo;future-ready&rsquo; sustainable design principles and leading technologies to minimise energy consumption and maximise liveability for its future residents.

Situated on a 392 square metre block in prime position within the Smiths Lane community, Transformation House is just a short walk from the newly opened Clyde Grammar and Banjo Park, Smith&rsquo;s Lane&rsquo;s first neighbourhood park.

[smartcode_project:default project_id=28168 project_image_fid=186038]

Over 60 hectares of the Smiths Lane masterplan is dedicated to green space, including sporting facilities, local parks, walking tracks, bike trails and more.

With over 300 residents already living at Smiths Lane, it will include over 3,000 homes once complete, along with a proposed future town centre with supermarket, speciality stores, restaurants, government school, childcare and adult educational facilities.

Transformation House is expected to be complete and auctioned in Spring 2022, while a selection of three, four and five-bedroom home options can still be snapped up within the master planned community.

[smartcode_project_cta: project_id=28168]

Located at Mirvac’s Smiths Lane masterplanned community in Clyde North, the brand new home will be auctioned in November 2022, with a $500,000 fundraising target for the Red Shield Appeal.



Mirvac and The Salvation Army Australia announce new home to be auctioned for charity

Celebrated developers, AVJennings have recently taken home top honours, winning the &lsquo;Residential Development - Australia&rsquo; category at the International Property Awards, for The Empress apartments at Waterline Place.

The vision for Waterline Place is to be &lsquo;a village within a village&rsquo; - a&nbsp;vision which is quickly coming to life, designed by some of Australia&rsquo;s leading architects.

[smartcode_project:default project_id=112774 project_image_fid=197064]

The AVJennings community offers a range of apartments, townhomes and penthouse residences, with the community set to eventually be home to 14 residential buildings, with some 510 residences, all brought together by a&nbsp;series of active and pedestrian-friendly streets and laneways.&nbsp;

The Empress Apartments were launched back in 2019, comprising a mix of one, two and three-bedroom&nbsp;apartments, designed by&nbsp;internationally-renowned architect Elenberg Fraser.

A wave of local owner-occupiers and downsizers snapped up the majority of the apartments, which was predominately sold out prior to completion back in mid 2021.&nbsp;

[smartcode_project:default project_id=112774 project_image_fid=199291]

The latest Waterline Place offering has been coined the Merchant Apartments, which is set to deliver another 125&nbsp;apartments to the community, across two seven-storey buildings.

Designed in collaboration with&nbsp;Elenberg Fraser, the Merchant Apartments encompass learning from previous releases, combining&nbsp;a mix of one, two and three-bedroom apartments, along with an exclusive collection of Sky Homes on the upper levels of the project, offering sweeping views of the surrounding bay and city skyline.

The ASX-listed developers will also incorporate boutique retail offerings across the ground floor, as well as a number of communal spaces, emblazoned with the work of local artists.

[smartcode_project:default project_id=112774 project_image_fid=197063]

Topping out the Merchant Apartments is the expansive rooftop terrace, featuring multiple seating zones, a communal garden and a children&rsquo;s play space, with completion of the building slated for mid 2024.&nbsp;

[smartcode_project_cta: project_id=112774]

The Empress Apartments were launched back in 2019, comprising a mix of one, two and three-bedroom apartments, designed by internationally-renowned architect Elenberg Fraser

AVJennings win Residential Development, Australia category at the International Property Awards for Williamstown apartments

Keystone Property Group&rsquo;s latest Footscray offering delivers Ovation to the inner-west of Melbourne, marking the project as the nearly the 10th development in the area for the group.

Designed by&nbsp;<a aria-label="Kavellaris Urban Design - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/kavellaris-urban-design" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/kavellaris-urban-design$kavellarisurbandesign">Kavellaris Urban Design</a>&nbsp;(KUD), Ovation comprises 131 residences, with a mix of one, two and three-bedroom apartments.

[smartcode_project:default project_id=5490 project_image_fid=78492]

&ldquo;Positioned in one of Melbourne&rsquo;s fastest emerging domains, innovation and liveability were of equal importance when designing Ovation,&rdquo; said KUD Owner,&nbsp;Billy Kavellaris.

Situated at 94 Buckley Street, Footscray, Ovation immerses itself in the diverse and multi-cultural charm of the suburb. &nbsp;

Having experienced rapid-fire gentrification in recent years, the inner-western gem now plays host to a vibrant caf&eacute; culture and a melting pot of eateries churning out flavours from across the globe.

Just three minutes down the road is the bustling Victoria Street, where in-demand cafes like Common Galaxia, Hunter&rsquo;s Harvest and Alfa take residence, while at night, Footscray is equally as equipped, playing host to a bevy of sleek wine bars, lively restaurants, casual eateries, with both Victoria St and Barkley St coming to life with a selection of riverside destinations.

Ovation buyers will be nearby to a range of recreational offerings with a flurry of green, open spaces and leafy retreats peppering the suburb.

[smartcode_project:default project_id=5490 project_image_fid=78497]

The closest park to the project, Bristow Reserve, sits just 700 metres away, with two playgrounds, two barbeques spaces and a pergola.

Ovation is also close by to Footscray Park, which sits beside a stretch of the Maribyrmong River, providing further amenity for residents.

Stretching from Mount Macedon to Port Phillip Bay, the Maribyrnong River trail passes a myriad of parks and attractions including&nbsp;<a href="/developments/footscray-vic-3011">Footscray</a>&nbsp;Community Arts Centre,&nbsp;<a href="/developments/footscray-vic-3011">Footscray</a>&nbsp;Park, and Flemington Racecourse.

&ldquo;<a href="/developments/footscray-vic-3011">Footscray</a>&nbsp;is one of those rare suburbs that, while possessing a strong village atmosphere, enjoys connectivity characteristic to that of a city fringe locale.&rdquo;

CoreLogic data shows Footscray apartments are selling up to eight per cent higher compared to last year, positioning Ovation as a hot buy for investors and owner-occupiers alike.

Further playing into the card of the investor, the median weekly rent for the suburb sits around $350 with the median gross yield at 3.5 per cent according to CoreLogic.

[smartcode_project:default project_id=5490 project_image_fid=78494]

Since their inception Keystone has developed more than 450 properties across 17 projects, with particular experience across growth suburbs such as Footscray, Brunswick and Prahran.

The group currently has a number of other projects in the pipeline and under construction, including The Buckley and Victoria Corner in Footscray, VOX in Prahran, and Ensemble in Elwood.

[smartcode_project_cta: project_id=5490]

Having experienced rapid-fire gentrification in recent years, the inner-western gem now plays host to a vibrant café culture and a melting pot of eateries churning out flavours from across the globe.



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

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