<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.

[smartcode_project_cta:default project_id=146358]

Joel Robinson

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.

[smartcode_project_cta:default project_id=110588]

Big Projects taps Sydney’s YSG for first multi-residential project at The Frederick Mermaid Beach

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.

[smartcode_project_cta:default project_id=150128]

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Melbourne’s unit value continued to lose steam in May, as a combination of higher interest rates, rising inventory levels and lower sentiment dampened conditions. CoreLogic’s Home Value Index (HVI) showed Melbourne’s unit value hit -0.3 per cent, with all dwellings hitting -0.7 per cent, recording the most significant month-on-month fall for the city.

Melbourne’s median unit value is $629,344, and while the rise continues across the capitals, the growth was not enough to offset the depreciation in Melbourne, which pushed the combined capitals index 0.3% lower over the month.

[smartcode_project:default project_id=1260 project_image_fid=177631]

Melbourne has fallen across four of the past six months in combined dwellings, although still above pre-covid levels. The city experienced a softer growth phase, recording a smaller peak-to-date decline of -0.8 per cent combined, with housing values now 9.8% higher compared to the pre-COVID levels and while unit values show a positive of 0.3 per cent.

CoreLogic’s Research Director Tim Lawless said despite the 0.5% rise in housing values across Australia’s combined regional areas, it was not enough to keep the national index in positive monthly territory, with the national HVI down -0.1% in May, the first monthly decline in the national index since September 2020.

“There’s been significant speculation around the impact of rising interest rates on the property market and last month’s increase to the cash rate is only one factor causing growth in housing prices to slow or reverse,” he said.

“It is important to remember housing market conditions have been weakening over the past year, at least at a macro level.”

Lawless noted the quarterly rate of growth in national dwelling values peaked in May 2021, shortly after a peak in consumer sentiment and a trend towards higher fixed mortgage rates.

[smartcode_project:default project_id=2806 project_image_fid=175415]

“Since then, housing has been getting more unaffordable, households have become increasingly sensitive to higher interest rates as debt levels increased, savings have reduced and lending conditions have tightened,” he said.

“Now we are also seeing high inflation and a higher cost of debt flowing through to less housing demand.”

The trend in advertised stock levels helps to explain the weaker conditions across Melbourne, with inventory across the city now higher than 12 months ago and against the five year average.

Melbourne’s advertised stock levels are up 1.3% on last year and 8.1% above average based on the previous five years.

“With stock levels now higher than normal across one of Australia’s largest cities, buyers are back in the driver’s seat,” Lawless said.

[smartcode_project:default project_id=253 project_image_fid=52822]

“Higher listings add to tougher selling conditions more broadly. Vendors in Melbourne have faced lower auction clearance rates since mid-April and those selling via private treaty are taking longer to sell with higher rates of discounting.”

“A combination of higher interest rates, lower rates of household saving and a potentially more cautious lending environment is likely to reduce housing demand further just as total advertised stock levels are likely to continue rising, further empowering buyers by creating increased competition amongst vendors.”

Unit rents are rising at a faster annual pace than house rents across the combined capital cities (where house rents increased 8.6% compared to 9.1% across units) and the combined regional areas (where house rents rose 10.7%, behind the 11.0% gain in units).

“Early in the pandemic rental demand for medium to high density dwellings fell sharply due to a preference shift towards larger homes and a demand shock from closed international borders,” Lawless said.

“As rental affordability pressures mount, demand for higher density rentals has steadily grown due to the unit sectors’ relative affordability advantage. More recently, demand has been boosted by international arrivals returning to the rental market.”

[smartcode_project:default project_id=3281 project_image_fid=46053]

Amidst rising rents and a general easing in home value growth, yields are recording some upwards momentum, especially in Melbourne.

Melbourne gross rental yields are up from a record low of 2.74 per cent in December last year to 2.86 per cent.

“Despite the upwards trajectory, yields remain remarkably low in both cities, but a recovery back to average levels may be relatively quick if housing values continue to fall while rents maintain this growth trajectory,” Mr Lawless

As interest rates normalise over the next 12 to 18 months, the expectation is most of Australia’s capital cities will move into a period of decline brought about by less demand

With the housing debt to household income ratio at record highs, household balance sheets are likely to be more sensitive to rising interest rates. High inflation could be another factor contributing to softer growth conditions in the housing sector

Consumer sentiment also remains low, with Westpac and the Melbourne Institute’s monthly reading falling another 5.6% in May to its lowest level since August 2020. Historically there has been a strong correlation between consumer attitudes and housing market activity. These factors, together with stretched housing affordability and a more conservative approach from lenders, especially towards borrowers with high debt levels, are likely to contribute towards less housing demand over the medium term.

Another factor helping to contain distressed listings amidst rising interest rates is that most households are well ahead of their mortgage repayments, Lawless added.

Melbourne apartment market insights: What happened over May

For those who love the finer things in life, Urban have taken a closer look at eight of Melbourne&#39;s best&nbsp;luxury apartments.

We think you may love them....&nbsp;&nbsp;

<h2>The Bradford, Kew - 365 Cotham Road, Kew</h2>

[smartcode_project:default project_id=112356 project_image_fid=197077]

The Bradford in Kew presents an opportunity to join the ranks of one of the Melbourne&rsquo;s most exclusive enclaves, with heritage overlays and planning controls limiting obtainability.

Developed by Jafari Property Group with a focus on those looking to downsize without compromising on quality and luxury appointments, The Bradford offers discerning buyers the chance to secure a blue-chip property and enhanced lifestyle, enjoying the area&rsquo;s abundance of amenities and relaxed community atmosphere.

[smartcode_project:default project_id=112356 project_image_fid=197082]

Surrounded by grand estates and mansions and tree-lined thoroughfares, The Bradford comprises 10 luxury residences curated by the highly-regarded Cera Stribley architecture and interior design studio.

Designed over three levels, the building integrates into the surrounding streetscape, cleverly divided into four smaller entities, with generously-proportioned single-level apartments, including two penthouses, ranging from 95 sqm to 227 sqm, with gardens and outdoor terraces from 13 sqm to 148 sqm, which add to the sense of light and space.

<h2>Euroka Toorak - 5 Brookville Road, Toorak</h2>

[smartcode_project:default project_id=109759 project_image_fid=185211]

The Sydney-based developer, Sun Property Group, broke into&nbsp;the Melbourne apartment market with Euroka.

Landing at 5 Brookville Road, Euroka is inspired by Melbourne&rsquo;s iconic Roy Grounds House &ndash; once home to one of Victoria&rsquo;s most influential modern architects.

[smartcode_project:default project_id=109759 project_image_fid=185213]

The renowned architect and design firm,&nbsp;<a data-uw-styling-context="true" href="/architects/carr-design" target="_blank">Carr Design</a>, has created the 10 luxury apartments, which features a robust form, with a gallery-like, three-tiered elevation. Each apartment has been designed with a unique aspect across the three levels.

The theme of Euroka is &lsquo;welcome to the light&rsquo;, with the developer given permission from the Aboriginal Council, Wurundjeri Woi Wurrung Cultural Heritage Aboriginal Corporation, to use the name.

<h2>La Storia - 195 Cardigan Street, Carlton North</h2>

[smartcode_project:default project_id=111979 project_image_fid=194079]

A limited series of just 20 apartments, La Storia&nbsp;is a considered residential building designed to pay homage to both Carlton and Italy.

M3 Design, led by father and son, Frank and Gianni Mancuso, are behind the interiors, delivering a range of three-bedroom apartments within Marcocci Property Group&rsquo;s development.

[smartcode_project:default project_id=111979 project_image_fid=194083]

Each residence prioritises natural light and airflow, with functionality at the heart of each floor plan.

The design has been inspired by the designs of the late legendary&nbsp;Venetian architect Carlo Scarpa with four different&nbsp;residences available; Residenza Lusso, Residenza Centro, Residenza Giardini, and Residenza Allegria.

<h2>Soul Hampton - 14-16 Grenville Street, Hampton</h2>

[smartcode_project:default project_id=93042 project_image_fid=193034]

Differentiating itself from the larger projects on the market in the area, Soul Hampton offers just eight apartments in the Finnis Architecture-designed building, which features a sleek modern exterior blending with lush greenery.

A stone&#39;s throw from Hampton Beach at 14-16 Grenville Street, Soul Hampton is made up of two and three-bedroom apartments, ranging in size from a generous 120 sqm to 181 sqm.

[smartcode_project:default project_id=93042 project_image_fid=197035]

Soul of Hampton isn&rsquo;t just located in one of the most prestigious and luxurious suburbs in Melbourne, it&rsquo;s in the heart of it.

Located on the doorstep of the Sandringham Yacht Club &ndash; Australia&rsquo;s number one yacht club &ndash; Soul apartments have created resort style living, with interiors of natural stone and high-end veneer timber panelling, as well as high-end finishes and Gaggenau appliances.

<h2>Awaken &ndash; Brighton - 30-32 Rooding Street, Brighton</h2>

[smartcode_project:default project_id=30087 project_image_fid=177703]

Offering just 13 three-bedroom residences, Awaken is uniquely positioned in a secluded area of Brighton at 30-32 Rooding Street, but just a short walk to the popular Bay Street.

Partnering with renowned Melbourne architect Travis Walton, Awaken takes a contemporary and restrained approach to bayside luxury living.

[smartcode_project:default project_id=30087 project_image_fid=143715]

Comprising locally-sourced European-style brickwork and contrasting electro-bronze metal detailing, the architectural composition draws focus to the verdant landscape, combining natives and evergreen plants to create softness and seasonal change.

Situated in a uniquely secluded, tree-lined, laneway-style street in Brighton, the project features an equally tranquil garden setting, landscaped by Acre Studio.

<h2>Hawthorn Park - 33 Camberwell Road, Hawthorn East</h2>

[smartcode_project:default project_id=3730 project_image_fid=195894]

Dahua Group&rsquo;s $300 million Hawthorn East apartment development Hawthorn Park is their biggest apartment development in Melbourne to date.

Hawthorn Park is a sophisticated residential mid-rise that is strategically located amongst Hawthorn East&rsquo;s several transport, education, lifestyle and amenity offerings.

[smartcode_project:default project_id=3730 project_image_fid=195900]

Designed by&nbsp;<a aria-label="Rothelowman - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/rothelowman" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/rothelowman$rothelowman">Rothelowman</a>,&nbsp;<a aria-label="Hawthorne Park - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/hawthorn-park-33-camberwell-road-hawthorn-east" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/hawthorn-park-33-camberwell-road-hawthorn-east$hawthornepark">Hawthorne Park</a>&nbsp;delivers 368&nbsp;one, two and three-bedroom apartments, featuring several amenities, including Melbourne&rsquo;s first suspended sky pool. Theatre rooms, a sky lounge,&nbsp;gym with a yoga and meditation studio and massage suites,&nbsp;hammock lounge, an indoor residents lounge and a garden pavilion are also part of the impressive offerings.&nbsp;

The tower also features over 2000 sqm of parkland curated by acclaimed landscape architect&nbsp;<a aria-label="Jack Merlo - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park$jackmerlo">Jack Merlo</a>&nbsp;that bring the&nbsp;Hickory-constructed building to life. One, two and three-bedroom apartments are still available in&nbsp;<a aria-label="Hawthorne Park - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/buildings/hawthorn-park-33-camberwell-road-hawthorn-east" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/new-apartments/hawthorn-park-33-camberwell-road-hawthorn-east$hawthornepark">Hawthorne Park</a>.

<h2>Sky Garden - 235 Springvale Road, Glen Waverley</h2>

[smartcode_project:default project_id=2881 project_image_fid=184595]

Sitting high above the revamped and most sophisticated shopping centre in the East of Melbourne &ndash; The New Glen &ndash; Sky Garden transcends both luxury and location, offering residents the very best in modern living.

Conceptualised by award-winning architects&nbsp;<a aria-label="Rothelowman - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/architects/rothelowman" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/architects/rothelowman$rothelowman">Rothelowman</a>&nbsp;and&nbsp;<a aria-label="DKO Architecture - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/news/dko-architecture-on-the-changing-face-of-hotel-design" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/news/dko-architecture-on-the-changing-face-of-hotel-design$dkoarchitecture">DKO Architecture</a>, Sky Garden offers a range of one and two-bedroom residences that boast panoramic views, from the Dandenong Range across to Melbourne&rsquo;s city skyline.

[smartcode_project:default project_id=2881 project_image_fid=195633]

The towers are individually distinctive while also sharing a design language of flowing lines and timeless materiality across the fa&ccedil;ade.

Sky Garden gets its name from its&nbsp;4,000 sqm outdoor podium garden complete with a relaxation zone, entertainment lounges, vegetable gardens, children&rsquo;s play area, private cabanas and an outdoor fitness area.

<h2>St Boulevard - 601 St Kilda Road, Melbourne</h2>

[smartcode_project:default project_id=1260 project_image_fid=177631]

Landing on the fringe of the Melbourne CBD, St Boulevard is a three-tower project by&nbsp;<a aria-label="the Shakespeare Group - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="/developers/the-shakespeare-group" target="_blank" uw-rm-external-link-id="https://www.urban.com.au/developers/shakespeare-group$theshakespearegroup">the Shakespeare Group</a>.

Completed back in 2021, St Boulevard offers an unrepeatable location, located in a prime position on the corner of St Kilda Rd and High Street, and at the southern tip of Albert Park Lake.

[smartcode_project:default project_id=1260 project_image_fid=177965]

Designed by Elenbery-Fraser, St Boulevard still has on offer a mix of two and five-bedroom apartments, with features of long-wrapped balconies and interiors centred on key modes of contemporary living.

St Boulevard offers a multitude of exclusive facilities including, a heated lagoon and lap pool, resort style pavilions, water sunbeds, outdoor barbecue pods, garden seating areas and a children&rsquo;s play area.

For those who love the finer things in life, Urban have selected eight luxury apartments we think you may love.


Luxury Melbourne apartments you MAY love

The Whitehorse City Council has approved <a href="/developers/vicinity-centres">Vicinity’s</a> $700 million plans to bring to life the first stage of its mixed-use precinct of <a href="/new-apartments/box-hill-central-17-21-market-street-box-hill">Box Hill Central</a>.

Part of a 10-year masterplan, the leading Australian retail property group will transform 5.5 hectares into a&nbsp;mixed-use and retail precinct, with the first stage at&nbsp;17-21 Market Street set to include an office tower, a new town square, and a residential tower which will deliver 366 apartments.

Vicinity’s Chief Development Officer, Carolyn Viney, said the proposed redevelopment of the Box Hill Central precinct will transform the heart of Box Hill into a new, world-class destination for Melbourne.

<a href="/new-apartments/box-hill-central-17-21-market-street-box-hill"><img alt="" data-entity-type="" data-entity-uuid="" height="4000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/box-hill-central-vic-artist-s-impression-residential-tower.jpg" width="2668" /></a>

“Since plans were submitted, we have worked closely with Council, State Government and the community to ensure that design reflects the site’s rich history and responds to the community’s aspirations and preferences to live, work and play close to home," Viney said.

“Reaching this important milestone makes way for the first stage of development that will create a new east-west pedestrian connection through the town centre which will be complemented by a community plaza and Spanish-steps inspired amphitheatre, a new residential tower for more than 600 residents and commercial office space for 2,000 workers.&nbsp;

“This exciting project reflects our long-term confidence and investment in Box Hill’s future growth and builds on its existing strengths, including its longstanding reputation as a key destination to visit for fresh food and rich dining experiences.”

<a href="/new-apartments/box-hill-central-17-21-market-street-box-hill"><img alt="" data-entity-type="" data-entity-uuid="" height="630" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/box-hill-central-vic-artist-s-impression.jpg" width="970" /></a>

Box Hill Central is set to become one of <a href="/new-apartments/melbourne-vic-3000">Melbourne’s</a> largest private mixed-use developments, with the first stage expected to deliver more than 50,000 sqm of commercial office space, along with 3,350 sqm of new public space. &nbsp;

It will also create new walkways and roads to interconnect to the precinct’s transport, retail, and dining offerings.&nbsp;

Overall, Vicinity says the redevelopment is expected to deliver approximately 2,400 construction jobs during the building phase and more than 6,000 new jobs for the precinct upon completion.

The group commenced construction works at Box Hill Central back in 2021, revitalising one of Melbourne’s busiest shopping centres and transforming it into a fresh and modern market-leading destination.

Vicinity’s Chief Development Officer, Carolyn Viney, said the proposed redevelopment of the Box Hill Central precinct will transform the heart of Box Hill into a new, world-class destination for Melbourne.



Vicinity secures approval for first stage of Box Hill Central redevelopment

The developer Daniel Grollo is back in the development game, trying to get a tower erected on the prime Chapel Street, South Yarra site he recently acquired.

Plans have been filed by&nbsp;GFM Investment Group, whose sole director is Daniel Grollo, of the collapsed building giant Grocon. It&#39;s a joint venture with the Melbourne High School, which is located next door to the site.

They are seeking to demolish a two-level warehouse building&nbsp;and create a&nbsp;22-level tower at 671 Chapel Street, which will comprise&nbsp;a mix of apartments, retail, office and community space on the prime 2,069 sqm site.

<a href="/new-apartments/671-chapel-street-south-yarra">To track the project and be alerted when it hits sale, enquire here.</a>

<a href="/new-apartments/671-chapel-street-south-yarra"><img alt="" height="564" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-24_at_1.18.07_pm.png" width="1156" /></a>

The site was previously subject to an earlier planning permit that sought approval for a 32-level mixed-use development.

Amended plans took saw 10 levels taken off, and the addition of a maternal and child health centre among other changes. But that was knocked by by VCAT in 2019, namely due to an overbearing presence on Melbourne High School due to the height, breadth, and materiality, including the proximity of the proposal to the boundary with MHS.

<a href="/new-apartments/671-chapel-street-south-yarra">To track the project and be alerted when it hits sale, enquire here.</a>

<a href="/new-apartments/671-chapel-street-south-yarra"><img alt="" height="378" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/671_chapel_redesign2_0.png" width="580" /></a> 
The former plans by Architecton. Image credit: Architecton

The plans, filed by the fashion entrepreneur Harry Goles&nbsp;who was behind the collapse and subsequent rebirth of the fashion label Ojay, were given the green light by Stonnington Council in 2020, before VCAT again intervened.

But Grollo is now spearheading the project having acquired the vast 2,069 sqm site for just shy of $40 million, and plans a Bates Smart-designed tower with&nbsp;160 apartments,&nbsp;a mix of 30 one-bedroom units, 91 two-bedders, 37 three-bedroom apartments, and just two penthouses. There will be a maximum of nine apartments per floor.

There will be three podium levels. Level two&nbsp;will home 1,264 sqm of office space, while the ground will have 272 sqm of retail space. There&#39;s a further 352 sqm reserved for education or community space, which is being developed in collaboration with MHS.

Level one will be where the resident amenity is located. That&nbsp;will include an indoor pool, gym, and&nbsp;communal and private lounge and dining spaces.

<a href="/new-apartments/671-chapel-street-south-yarra">To track the project and be alerted when it hits sale, enquire here.</a>

<a href="/new-apartments/671-chapel-street-south-yarra"><img alt="" height="442" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-23_at_4.42.08_pm.png" width="886" /></a> 
The proposed tower second from the left. Image credit: Bates Smart

Contour Town Planning suggested the proposal would provide a new housing opportunity within a higher order activity centre, and at an intensity that contributes to placemaking, rengeration and formation of communities in highly accessible and advantaged locations.

&quot;The proposed building will assist in creating an urban environment in this part of South Yarra that is safe, healthy, functional and enjoyable, and it will contribute to creating a sense of place.

They noted that a key issue for Stonnington is the need to provide for the projected population growth of the City by catering especially for smaller households.

&quot;The proposal specifically addresses the need to provide accomodation and housing choice for these dominant demand groups including young people and smaller households.&quot;

<a href="/new-apartments/671-chapel-street-south-yarra">To track the project and be alerted when it hits sale, enquire here.</a>

<a href="/new-apartments/671-chapel-street-south-yarra"><img alt="" height="472" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-23_at_4.38.53_pm.png" width="892" /></a>

Jack Merlo has handled the landscaping which will create a connection between&nbsp;Chapel Street and the&nbsp;MHS main campus.

The project will be just&nbsp;a few doors down from Gamuda Land&#39;s completed 661 Chapel Street tower, and the Royal Como, another mixed use tower at 663 Chapel Street.

Immediately north of the site is a four-level brick building which forms part of the MHS Campus, while immediately south is the new Centre for Higher Education Studies facility, a four-level education building.

Grollo&#39;s Grocon, which has developed the likes of Eureka Tower, Rialto Towers and 101 Collins Street in the Victorian capital, collapsed in 2020,&nbsp;reportedly owing creditors over $100 million.

Grollo is now spearheading the project having acquired the vast 2,069 sqm site, and plans a Bates Smart-designed tower with 160 apartments


Exclusive: Daniel Grollo seeks $75 million Chapel St, South Yarra mixed-use tower

Due to the rich amenity surrounding the area and the diversity of product available, demand for Woodlea continues to remain strong.

Woodlea has again sold out its latest two releases within hours of launching, known as Westrise, with affordable parkfront townhomes for first home buyers, and The Yards, with premium lots in the heart of Aintree.

Comprising just eight townhomes fronting a reserve and adventure playground, Westrise sold out in just three-hours and received major interest with 115 registrations.

[smartcode_project:default project_id=28733 project_image_fid=167737]

Offering accessible prices for first-home buyers, Woodlea buyer Josiah Krznaric jumped at the opportunity to step into Woodlea when Westrise was released, with prices starting from just $445,000.

&quot;We had been looking at Woodlea&#39;s previous releases, but didn&#39;t feel we had enough savings to commit. This release ticked every box when looking for our first home. The town centre is within walking distance, but far enough from the hustle and bustle.&rdquo;

&ldquo;The five per cent deposit was a big advantage for us. We did some exploring throughout the town and fell in love with the community feeling, and how well everything is presented across the neighbourhood. We&rsquo;re also excited about all the plans and future growth, like the additional infrastructure,&rdquo; said Krznaric.

[smartcode_project:default project_id=28733 project_image_fid=167735]

While demand for townhouses within the community show no sign of slowing down, Woodlea&rsquo;s most recent land release, The Yards, experienced a similar result with all 20 lots in the latest release snapped up within the first day of launch, including buyers who already call Woodlea home.

Located North of Taylors Road in Aintree and within walking distance to future state-of-the-art amenities, The Yards is nestled amongst public primary and secondary schools, an active open space, indoor sports centre, major town centre and more, attracting both the upgrader and families.

Woodlea Project Director Matthew Dean said The Yards will cater to the increased demand for land within the highly desirable Aintree postcode.

&ldquo;The Yards will help cater to the regional boom we&rsquo;re still witnessing since 2020, where families are seeking more land and space to grow, while still having everything within easy reach such as schools, major town centres and more.

[smartcode_project:default project_id=28733 project_image_fid=167736]

&ldquo;All stock within Aintree has been highly sought after, including townhomes, and even if the market fluctuates we&#39;re confident that this neighbourhood will remain a desired location as it&#39;s right in the heart of Woodlea,&rdquo; said Dean.

Winner of the UDIA Victoria 2021 Awards for Excellence within the Masterplanned Development category, Woodlea is a major asset for the west, comprising prestigious schools, &lsquo;destination style&rsquo; playgrounds, parks and sporting facilities and is home to a large-scale Town Centre, Woodlea Town.

Currently home to 10,500 residents, this number is set to grow to 20,000 residents upon completion.

[smartcode_project_cta: project_id=28733]

Comprising just eight townhomes fronting a reserve and adventure playground, Westrise sold out in just three-hours and received major interest with 115 registrations.



Demand for Woodlea continues as latest releases sell out within hours

Those seeking either a sea change or a lifestyle change have been popular with the new Brighton apartment project, Awaken, currently being created by the luxury developer Skelton Group.

Projects by Buxton Director,&nbsp;Heath Thompson, who is handling the sales, said the majority of buyers so far have come from outside the local area.

&ldquo;A lot of buyers are looking for a sea-change or a lifestyle-change, coming from outer suburbs and away from the bay to a lifestyle where they can walk down to the beach or the local caf&eacute; or train station,&rdquo; he said, adding that one of the most recent buyers has come from Mansfield, in the foothills of the Victorian Alps.

[smartcode_project:default project_id=30087 project_image_fid=143715]

Thompson says Awaken, which is due for completion in spring this year,&nbsp;offers a more realistic entry to&nbsp;Brighton compared to other developments on the market.

&quot;A lot of Brighton has been saturated with big beautiful apartments, which come with a big price point, over $2.5 million plus,&quot; Thompson says.

&quot;Not everyone is selling a $5 million home and downsizing,&quot; Thompson adds, suggesting Awaken caters for a wider type of buyer.

The three-bedroom apartments in Awaken start from $1,395,000.&nbsp;

[smartcode_project:default project_id=30087 project_image_fid=177708]

The&nbsp;luxury offering, now over 60 per cent sold,&nbsp;comprises just 13 three-bedroom apartments. It is located in a quiet&nbsp;area of Brighton at 30-32 Rooding Street, a laneway-style street just a short walk to the popular Bay Street&nbsp;and Martin Street activity centres.

Nearby is Brighton Beach and the famous Bay Trail, refined pubs, lively cafes, and boutique shopping experiences line the streets, offering the ideal blend of city amenities and beach-side lifestyle.

In collaboration with acclaimed Melbourne architect Travis Walton, Awaken takes a contemporary and restrained approach to bayside luxury living, with interiors taking on generous proportions and a palette of natural stone, aged metal and natural oak timber flooring.

[smartcode_project:default project_id=30087 project_image_fid=177706]

Michael Skelton, Founder and Managing Director at Skelton, said they wanted to replicate the success of their nearby Brighton East project, Avenue.

&quot;We brought the same exceptional, proven Bayside team to Awaken and the results speak for themselves&quot;,&nbsp;Skelton said.

Awaken has been landscaped by the well known landscape firm ACRE, who have combined&nbsp;natives, evergreen and flowering plants to deliver visual impact and create seasonal change that blends seamlessly with the suburb&rsquo;s landscape.

[smartcode_project_cta: project_id=30087]

Projects by Buxton Director, Heath Thompson, who is handling the sales, said the majority of buyers so far have come from outside the local area


Sea changers and lifestyle changers popular at Awaken, Brighton apartments

The recently launched Walsh Grange, in Melbourne's Ormond, is drawing attention from everyone, from first home buyers to downsizers.

Projects by Buxton director Heath Thompson says it's due to the uniqueness of the project.

"There's nothing nearby locally that offers such a wide mix of both configurations, price point, and quality of development," Thompson says.

[smartcode_project:default project_id=108897 project_image_fid=180973]

Young families have shown keen interest in the larger three-bedroom apartments, particular the ground-level garden apartments that offer extensive landscaped courtyards, most of which are north facing.

“With Kilvington Grammar just around the corner, along with a host of other schools and parks and family-orientated amenity, we’re expecting to have a number of buyers amalgamate apartments also, to create that bigger space that is taking over the current property market," Thompson adds.

There's a mix of one, two and three-bedroom apartments on offer in the development of just 23 contemporary units.

[smartcode_project:default project_id=108897 project_image_fid=180980]

The project is being developed as a joint venture between CQ Property Developments and Loi Projects. the latter being behind the likes of Arbour Park in Surrey Hills and MaSt in Brighton.

Walsh Grange has been designed by the local architecture studio Telha Clarke&nbsp;to deliver the security of community and the comfort of a private, premium residence.

The modern low-rise building focussing on creating connections to nature through the&nbsp;surrounding gardens and trees.&nbsp;

[smartcode_project:default project_id=108897 project_image_fid=180972]

On the fringes of Brighton and Caulfield, Ormond is well connected to the rest of Melbourne through extensive bus&nbsp;and train network, as well as&nbsp;access to major road networks.

The small pocket in the Glen Eira district has grown substantially, and is&nbsp;now brimming with&nbsp;bustling retail precincts, extensive amenities and education options, as well as having many spacious public parks and gardens, and of course its proximity to Brighton Beach.

Ormond came to life more than 150 years ago, growing with the nearby CBD while still maintaining its community charm of a Bayside lifestyle.

[smartcode_project_cta: project_id=108897]

Melbourne-based architects, Telha Clarke designed the Ormond apartments with the modern low-rise building focussing on creating connections through shared public spaces and surrounding garden and trees. 



How Walsh Grange brings something different to Melbourne's Ormond

Recently we visited Melbourne's leafy south-eastern suburb of Clayton South to take a walk through Cedar Wood's Jackson Green community.

Watch our tour of the Aster Apartments display suite:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/vkO2dycbCDs" title="YouTube video player" width="660"></iframe>

<h2>JACKSON GREEN AT A GLANCE</h2>

Address:&nbsp;456 Haughton Road, Clayton South, VIC 3169 
Developer:&nbsp;Cedar Woods 
Architect:&nbsp;DKO Architecture

[smartcode_project_cta: project_id=4124]

Apartments feature timeless design with modern fixtures and fittings. Aster offers Smeg appliances, engineered timber floorboards, communal electric vehicle charging, central courtyard. The apartments have generous balconies of up to 140 square metres, and a vast majority of homes are eligible for stamp duty fee exemption.&nbsp;

[smartcode_project:default project_id=4124 project_image_fid=187629]

Homes at Jackson Green have been selling in record time – with a final release of two and three-bedroom apartments now available. Aster is also currently under construction, with a slated completion of late 2022.

All apartments come with a titled carpark as well as storage cages in the secure basement. You will also have access to an electric vehicle sharing service on-site operated and managed by Ohmie Go on behalf of the owner's corporation. The train station is also only 800 metres away.

[smartcode_project:default project_id=4124 project_image_fid=187628]

In the centre of the community is a generous park with a barbeque and picnic area and a children's playground. North-east of the development is a dedicated dog park, basketball and futsal courts, and to the south, you’ll find a quaint pocket park.

Jackson Green is set within an established suburb, meaning you can enjoy world-class amenities just minutes from your home, including Australia's largest shopping precinct, Chadstone.&nbsp;

[smartcode_project:default project_id=4124 project_image_fid=187631]

You're also minutes from Bald Hill Park, Monash University, and plenty of great produce markets, cafes, and restaurants in the area.&nbsp;

The apartments at Jackson Green offer the perfect opportunity to secure a low-maintenance home situated within a brand new master-planned neighbourhood. Request a call from a sales agent via Urban today to learn more.&nbsp;

Olivia Round

Display Tour Video: Aster Apartments by Cedar Woods at 456 Haughton Road, Clayton South, VIC 

Cornus Developments has just launched its latest residential project at 1637 Malvern Road,&nbsp;Glen Iris, with the new project set to be released across two stages.

The first release stage is set to include a collection of one and two-bedroom apartments, starting from $545,000, while the second stage of the release will comprise a handful of two-bedroom residences, along with three-bedroom configurations.

The 42&nbsp;boutique apartments have been designed to cater for the downsizer and first-home buyer, with Cornus bringing their signature style to the Glen Iris development.

[smartcode_project:default project_id=112842 project_image_fid=197660]

The spacious apartments will be fitted with European marble benchtops and splashbacks in all kitchens and bathrooms, along with European oak engineered floorboards, Bosch appliances, Polytec&nbsp;custom joinery, and integrated dishwashers.

Opening out onto generously sized courtyards, residences are open and light, encompassing the Glen Iris charm in the architecture.

Located in the desirable pocket of Glen Iris, residents will enjoy close proximity to public transport and freeway access, as well as being nearby to educational institutes, an array of cafes and eateries and boutique fashion retailers.

&ldquo;As a trusted, reliable and experienced developer we pride ourselves on providing the highest quality homes in an appropriate timeframe with the build expected to take 12 months,&rdquo; said a Cornus spokesperson.

[smartcode_project:default project_id=112842 project_image_fid=197484]

&ldquo;Now is the best time to purchase as the project is in the pre-construction phase and purchasers can capitalise on the maximum off-the-plan stamp duty savings available,&rdquo; they added.

First home buyers purchasing an off-the-plan property in the state of Victoria can qualify for a stamp-duty concession if the home is valued at up to $1 million, until June 30 2023.

A full 100 per cent stamp duty exemption is also available for new residential properties that have been on the market for more than 12 months.

[smartcode_project:default project_id=112842 project_image_fid=197485]

Earlier this year, Cornus&nbsp;completed their <a href="/buildings/cornus-la-frank-362-burwood-highway-burwood">La Frank</a> project located at <a href="/buildings/cornus-la-frank-362-burwood-highway-burwood">362 Burwood Highway, Burwood</a>, as well as their <a href="/buildings/cornus-woodlands-1399-1401-dandenong-road-malvern-east">Woodlands</a> project at <a href="/buildings/cornus-woodlands-1399-1401-dandenong-road-malvern-east">1399 Dandenong Road, Malvern East</a>.

Construction is well underway at <a href="/buildings/cornus-carnegie-1258-glen-huntly-road-carnegie">Cornus Carnegie</a>, which is now over 60 per cent sold, with construction slated to commence soon on the group&#39;s <a href="/buildings/cornus-oakleigh-35-41-dalgety-street-oakleigh">Oakleigh project</a>.&nbsp;

[smartcode_project_cta: project_id=112842]

The 42 boutique apartments have been designed to cater for the downsizer and first-home buyer, with Cornus bringing their signature style to the Glen Iris development.



Cornus Developments launch Glen Iris apartments 

Keystone Property Group are well on track to deliver its latest apartment development, Ovation, in the heart of the burgeoning Footscray area.

Ovation, on the popular&nbsp;Buckley Street, is currently being built by&nbsp;Platinum Construction and will home&nbsp;131 one, two, and three-bedroom apartments just over five kilometres from the Melbourne CBD.

Kavellaris Urban Design (KUD) handled the design of Ovation.

KUD&#39;s&nbsp;Billy Kavellaris said the&nbsp;vision for the Buckley Street development was to honour Footscray&rsquo;s unique architectural character while still establishing a new level of design ingenuity for the area.

[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; Kavellaris said.

The fa&ccedil;ade speaks to the domain&rsquo;s industrial past, exhibiting red brick, concrete and steel, while the building&rsquo;s form is bold in its depiction of recessed voids, distinctive shapes and protrusions.

Bringing a layer of greenery to the development, the landscape design by John Patrick Landscape Architects is integrated tactfully into recesses on the fa&ccedil;ade, juxtaposing the building&rsquo;s-built form with lush, natural beauty.

[smartcode_project:default project_id=5490 project_image_fid=78495]

According to the architects, Ovation&rsquo;s interiors were designed to evoke a homely atmosphere and a sense of familiarity in residents.

Featuring textured timber joinery teamed with oak floors, kitchen bench-tops are appointed with a modern concrete finish, along with brushed-nickel and matte black tap-ware, Bosch appliances and integrated storage.

The interiors of Ovation are also very much defined by what exists outside of the apartments, with full height windows enveloping residences with natural sunlight whilst also providing vistas to the city skyline and surrounding streetscapes.

[smartcode_project:default project_id=5490 project_image_fid=78490]

Level one of Ovation is where the residential amenities are located. The facilities include a lap pool, theatre, and barbecue and dining areas.

On the outskirts of the Melbourne CBD, Footscray is a rare suburb&nbsp;that, while possessing a strong village atmosphere, enjoys connectivity characteristic to that of a city fringe locale.

Located in the heart of Middle Footscray, Ovation reaps all the benefits of this attribute, close to public transport and an exorbitant list of convenient amenity.

[smartcode_project_cta: project_id=5490]

KUD's Billy Kavellaris said the vision for the Buckley Street development was to honour Footscray’s unique architectural character while still establishing a new level of design ingenuity for the area


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