Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

&nbsp;

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Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

&nbsp;

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils signature penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

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Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

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A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

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"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," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"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."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

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Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"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=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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.

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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.

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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.

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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.

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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.

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<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?

<a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a> has marked the topping out of Prince &amp; Parade in Brunswick, celebrating the completion of the building’s highest point and a major step forward for one of the developer’s landmark Melbourne communities.

The milestone forms part of Mirvac’s strong construction momentum across Victoria, with <a href="https://www.apartments.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick-vic-3056">Prince &amp; Parade</a> and The Albertine both recently reaching structural completion. Together, the two projects will deliver 265 new apartments, contributing to much-needed housing supply in Melbourne’s inner suburbs.

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Designed in collaboration with <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>, Prince &amp; Parade continues a long-standing partnership that has delivered The Melburnian (2002) and The Eastbourne (2019).

The new <a href="https://www.apartments.com.au/developments/brunswick-vic-3056">Brunswick</a> address comprises a mix of one to four-bedroom residences complemented by extensive amenity, including a residents’ lounge, shared dining room and kitchen, library, yoga room, gym, and rooftop terrace, with landscaping by Jack Merlo and a concierge service.

Construction is rapidly transforming the site, with significant milestones achieved across two buildings, supported by 73 slab pours and six fully constructed building cores. Completion is expected in 2026.

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Mirvac’s General Manager, Residential Development Victoria, Elysa Anderson said Prince &amp; Parade has been strongly received by buyers seeking quality design and trusted delivery.

“These communities have been well received, attracting strong interest from downsizers and professionals who value high-quality design, premium locations and the confidence of buying with Mirvac,” Anderson said.

Prince &amp; Parade has also achieved a record-breaking apartment sale in Brunswick, underscoring its design quality and market appeal.

“We’re incredibly proud to see Prince &amp; Parade set a new benchmark for Brunswick. This <a href="https://www.apartments.com.au/news/vic/exclusive-mirvac-breaks-brunswick-record-with-prince-parade-sale">record-breaking sale</a> is a testament to Mirvac’s design excellence, quality craftsmanship, and our strong reputation for delivering high-quality residential communities across the country,” Anderson said.

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Prince & Parade tops out in Brunswick as Mirvac marks dual Melbourne milestones

<a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a> has celebrated the topping out of The Albertine, marking the completion of the 14-storey structure on the edge of Melbourne’s CBD and signalling strong progress across the developer’s Victorian pipeline.

The milestone forms part of Mirvac’s $7.4 billion Victorian development portfolio, which includes both residential and mixed-use projects such as Prince &amp; Parade in Brunswick, which also reached its highest point recently, and Trielle at Yarra’s Edge, scheduled to top out in early 2026

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<a href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004">The Albertine</a> offers one to four-bedroom residences complemented by exclusive resident-only amenity, including The Circadian Club, a wellness centre with an indoor pool and spa, gym, yoga and Pilates studio, and sauna, as well as The Elysian Room, a private dining space on level 10 with sweeping views across Melbourne.

Since construction began in August last year, up to 240 workers have been on site daily, pouring 7,000 cubic metres of concrete across 72 pours and installing more than 1,000 tonnes of steel reinforcement to bring the project to this landmark moment.

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Mirvac’s CEO, Development – Residential and Commercial Mixed Use, Stuart Penklis said the achievement highlights Mirvac’s design quality and sustained delivery across Melbourne.

“We are proud to be delivering The Albertine and Prince &amp; Parade, two projects that embody Mirvac’s design excellence, commitment to quality, and focus on creating homes that connect people to their communities," Penklis said.

"With cranes rising high across Melbourne, Mirvac’s residential pipeline is moving strongly, and these milestones are a testament to that momentum."

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Penklis added that Mirvac’s growing portfolio demonstrates its commitment to providing diverse housing options across Victoria.

“We have recently opened our third build-to-rent community in Melbourne, LIV Albert at Brunswick, our fifth nationally, which together with our master-planned communities ensures that we are providing a full spectrum of housing options to Victorians.

Completion of The Albertine is expected in 2026.

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The Albertine reaches its highest point on Melbourne’s city fringe

Dexus' push into the residential development space is moving down to Melbourne, with the real estate asset giant taking on the southern end of St Kilda Road.

Dexus, who has recently starting developing luxury apartments in Sydney's Northern Beaches, is planning a 27-storey tower with over 400 new apartments at the intersection of St Kilda Road and Queens Road.

The proposal, now with VIC Planning, seeks to replace the ageing 19-storey former Cadbury office building at <a href="https://www.apartments.com.au/new-apartments/636-st-kilda-road-melbourne-vic-3004">636 St Kilda Road</a> with a contemporary high-density apartment complex designed by architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>.

According to the Urban Context Report filed to VIC Planning, the development will respond to the site’s landmark location through a "refined and sculptural built form that mediates between the scale of St Kilda Road and Queens Road” while reinforcing “a sense of civic address at this prominent intersection.”&nbsp;

<img alt="Dexus" data-entity-type="file" data-entity-uuid="434faaa4-92e5-465b-815f-6ef6bb610de0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-06%20at%2012.52.42%E2%80%AFPM.png?VersionId=5M9gtIcIwXYR_gaG_cn2keiiIVeunDJU" />

The architectural design features active frontages, new pedestrian through-links and an extensive landscape strategy that integrates with the surrounding boulevard character.

The apartment mix is varied, comprising 40 studios, 87 one-bedrooms, 203 two-bedrooms, 66 three-bedrooms, and six penthouses, with each dwelling designed to meet the standards set out in Clause 58 of the Port Phillip Planning Scheme.&nbsp;

A key element of the proposal is a $9.6 million contribution, equivalent to three per cent of the project’s estimated development cost, to the Social Housing Growth Fund, aimed at supporting affordable housing outcomes across Victoria.

<img alt="First look: Dexus proposes 27-storey residential tower at 636 St Kilda Road" data-entity-type="file" data-entity-uuid="7f138f11-5277-461f-8d12-9533b2960586" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/St%20kilda%20rd%20site.png?VersionId=m_ZioKYhwkvekE3ZUF6y7bz.5_5yFPnZ" />

The site’s three street frontages, St Kilda Road, Queens Road, and Queens Lane, enable significant setbacks and design flexibility.

Bates Smart noted the proposal "reinforces the intent for St Kilda Road North to accommodate higher-density, mixed-use development,” leveraging its location near the soon-to-open ANZAC Station tram-rail interchange and the principal cycling corridor along the boulevard.

They emphasised&nbsp;the building’s role as a city-shaping gateway, writing that the proposed tower is “designed to contribute positively to the skyline and urban character of St Kilda Junction,” and would offer visual connections to key city landmarks, including Albert Park Lake and the Shrine of Remembrance.

Public realm upgrades are also proposed as part of the scheme, including a 138 sqm linear park, extensive landscaping, and around 188 metres of active frontages to enhance permeability and safety at the ground plane. A total of 449 car spaces and 120 bicycle spaces are planned across the four basement levels.

<img alt="Dexus" data-entity-type="file" data-entity-uuid="506d75d9-af8d-4c54-838f-d3769c6cf845" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-06%20at%2012.52.37%E2%80%AFPM.png?VersionId=OFCmyoKN04Om86jRpIdqID7nOp4hZXf5" />

Dexus is positioning the project as a strategic redevelopment aligned with the St Kilda Road North Precinct Plan. The Planning Report by Urbis states that the distinct features of the site, the emerging context to its interfaces, and the surrounding policy context justify consideration of a taller building” despite the site being subject to Design and Development Overlay – Schedule 26 (DDO26).

Wholesale Australian Property Fund (DWAPF) Fund Manager Chris Davitt said the 402 residences will be&nbsp;tailored to diverse lifestyles, all within walking distance of Albert Park and key transport links.

“We’re excited about the potential of St Albert to contribute new residential supply to one of Melbourne’s most sought-after areas," Davitt told Apartments.com.au.

“The landmark site at 636 St Kilda Road is at the gateway to Melbourne’s CBD, offering sweeping views and exceptional connectivity. We look forward to working closely with the State, council and the local community as we progress through the planning and approvals process.”

St Kilda Road has been one of the most popular streets for residential development in recent years. The likes of Victoriana, The Muse, and St Boulevard are the most recently completed buildings, oriented to look over the adjacent Albert Park Lake, while Gamuda Land is currently developing <a href="https://www.apartments.com.au/new-apartments/fareham-st-kilda-95-st-kilda-road-st-kilda-vic-3182">Fareham</a>, and Hirsch &amp; Faigen has a building in the precinct they will soon launch, just off St Kilda Road on Queens Road.

First look: Dexus joins St Kilda Road apartment ranks with gateway tower proposal

Melbourne’s City Circle tram loops past a dense matrix of culture, education and commerce, but few intersections offer as much access in so little walking distance as the northern end of King Street.

Here, Aspire Melbourne rises 64 storeys from the edge of Flagstaff Gardens, with immediate connectivity to tram and train networks, and pedestrian access to Queen Victoria Market, Marvel Stadium and Melbourne’s major university precincts.

Developed by ICD Property with design by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a>, Aspire Melbourne brings 570 apartments to one of the CBD’s most spatially balanced positions, directly between civic green space and key employment infrastructure.

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Everything from retail and dining to sporting events, art, theatre, and festivals, or the serenity of the city’s gardens, is within walking distance of Aspire.

Melbourne's thriving coffee culture is showcased in the CBD's cobblestoned laneways, with popular cafes such as Brother Baba Budan, Krimper, Stagger Lee's, Higher Ground, and Manchester Press all nearby.

For culinary enthusiasts, Melbourne offers a variety of dining experiences. Highly recommended establishments include Maha, Farmer's Daughter, Coda, and MoVida Next Door, offering everything from Middle Eastern dinners to a night out.

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Getting around Melbourne is as effortless as finding a great cup of coffee, thanks to the city’s clean, reliable and extensive public transport network. Aspire’s curved tower is a short walk from Melbourne Central Station, Southern Cross Station and the Free Tram Zone, offering seamless connections across the CBD and out to suburban precincts.

This inner-city accessibility is complemented by Aspire’s rare proximity to green space. The tower directly overlooks Flagstaff Gardens, the city’s oldest park, with Fitzroy Gardens and the Royal Botanic Gardens also nearby, framing the CBD in natural beauty.

Just 11 minutes on foot, Queen Victoria Market adds another layer of amenity. A longstanding hub of culture and commerce, it offers fresh produce, gourmet foods, artisanal goods and vibrant multicultural fare, all woven into the daily rhythm of city life.

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To the west, the CBD’s entertainment quarter features Marvel Stadium, just 750 metres from Aspire, ideal for sports fans and major events.

To the south, Crown Casino along the Yarra River offers entertainment, dining and family-friendly activities, accessible in under 10 minutes by tram.

The Arts Centre Melbourne, a hub for visual art, theatre, music and performance, is also within easy reach by public transport or car.

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For families looking to set up roots in the CBD, education options abound within a one-kilometre radius of Aspire.

The prestigious Haileybury opened its Melbourne CBD campus in January 2017 offering Melbourne's first Early Learning Centre to Year 12 private school campus in the CBD.&nbsp;

<a href="/developments/north-melbourne-vic-3051">North Melbourne</a> Primary School, South Melbourne Primary School, Ozford College, and Simonds Catholic College are among the other choices, while universities like Victoria University, La Trobe University, and Monash University are less than 600 metres away.

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A limited selection of one, two, and three-bedroom apartments remain for sale, with pricing starting from $647,000.

“The Melbourne CBD apartment market has evolved in response to both the strong growth of the overall city as well as the increasing attraction of the CBD which offers unique lifestyle appeal, especially to the fast-growing cohorts of young professionals and university students,” <a href="/project-marketer/colliers">Colliers</a>&nbsp;Managing Director Residential Tim Storey said.

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On the fringe of Flagstaff Gardens: Aspire Melbourne's prime location

Design-led property developer <a href="https://www.apartments.com.au/developers/orchard-piper">Orchard Piper</a> has achieved $125 million in sales prior to publicly launching its latest Toorak Village development, <a href="https://www.apartments.com.au/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>, to market.

The milestone was reached with the sale of a four-bedroom, three-and-a-half bathroom apartment to a Toorak local for $13.75 million, achieving per square metre rates of $37,000.

Another notable recent transaction is the sale of a four-bedroom, three-and-a-half-bathroom residence to Toorak local Paul Rosen for $12.65 million in July representing a square meter rate of $43,174.&nbsp;

In May, the development made history with the record-breaking penthouse sale of more than $20 million, to Group CEO at Accent Group Limited Daniel Agostinelli and his wife Lynette.&nbsp;

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Orchard Piper Director Luke McKie said the record breaking achievement and sales success reflects the demand for thoughtfully designed, luxury residences and the unique lifestyle proposition of a serviced residential building that offers the scale of a home, but with added lifestyle benefits, high security and amenity.

“The early purchasers of this project are very familiar faces to Orchard Piper. Many of them are Toorak locals who have waited years for the right project to buy into. They understand how rare this offering is, and trust us to deliver them an outstanding property.”&nbsp;

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Developed in collaboration with joint venture partner NPACT (a partnership between James Packer’s family office and Todd Nisbet), One Toorak Place introduces a new model of hotel-style residential living to the suburb.&nbsp;

Located at 7-11A and 17-19 Carters Avenue, the development includes a collection of two-, three-, and four-bedroom residences and penthouses, boutique commercial suites, curated retail and an integrated hospitality precinct by acclaimed restaurateur Chris Lucas.

Delivered in his signature style, the precinct will be curated to reflect the spirit of the neighbourhood and the lifestyle of its residents. Lucas will also design a suite of bespoke services for residents of the building, including in-residence private dining, cellar concierge services and priority access to all Chris Lucas restaurants.&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/kerry-hill-architects">KHA (Kerry Hill Architects)</a>, residents will enjoy access to hotel-style five-star services and amenities, including concierge, a 25-metre lap pool, full-service gym, sauna, steam room, and hot and cold therapies. Also included are a dedicated resident lounge, resident meeting room, a golf simulator, and practical facilities such as dog-wash and car-wash bays.&nbsp;

One Toorak Place is Toorak’s largest planning approval to date, occupying the 3,589 sqm former Mercedes-Benz Toorak site. With a total of 5,000 sqm of premium land under development across two projects in Toorak Village, Orchard Piper’s contribution to the precinct is set to surpass $550 million in value, reinforcing its long-term commitment to design-led renewal in the area.&nbsp;

Construction on One Toorak Place is expected to commence towards the end of 2025.&nbsp;

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The development is now over 30 per cent sold by value in under three months, with significant sales including a record-breaking $20 million penthouse, and two four-bedroom apartments for $13.75 million and $12.65 million. 

Orchard Piper achieves $125 million in pre-launch sales at Packer-backed Toorak Village development

Developer <a href="https://www.apartments.com.au/developers/time-place">Time &amp; Place</a> has appointed Hacer to build <a href="https://www.apartments.com.au/new-apartments/park-modern-south-melbourne-1-middleton-lane-south-melbourne-vic-3205">Park Modern</a>, its $500 million residential development overlooking Melbourne's Botanic Gardens, while also launching sales to the public.&nbsp;

Located at 11-27 Dorcas Street in South Melbourne, the development encompasses four sites Time &amp; Place strategically acquired and amalgamated over an 18-month period.&nbsp;

The development site is bordered by Middleton Lane, Dorcas and Wells Street, culminating in a substantial 2,398 sqm precinct which occupies the block.&nbsp;

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<a href="https://www.apartments.com.au/builders/hacer-group">Hacer</a> has been awarded the build contract, with demolition works now complete and the project team targeting first residents by early 2028.&nbsp;

Following the project receiving Development Approval in January 2025 via the Victorian Government's accelerated Development Facilitation Program (DFP) planning pathway, the much-anticipated project has now earnt its title as the largest island development site in Melbourne's CBD fringe.&nbsp;

Designed by the renowned architect <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>, Park Modern takes the form of two sculptural towers strategically placed with a unique orientation designed to maximise each apartment's views of the Botanic Gardens, Shrine of&nbsp; 
Remembrance and the Port Phillip Bay.&nbsp;

The sculptural tower forms are grounded by a robust concrete podium; its gridded proportions a nod to the grand Victorian mansions that once lined St Kilda Rd. Generous balcony planter boxes create a soft, green edge, blending in with the lush greenery of the street and garden surrounds.&nbsp;

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Park Modern brings to market 230 one, two, three, and four-bedroom residences, sized from 50 sqm to 300sqm, with pricing starting from $670,00 and reaching north of $10 million.

The development also includes two sub-penthouses and one double-storey penthouse sitting across the uppermost floors of the 17-storey development, boasting 4m ceiling heights.&nbsp;

The design of the project, which will embody modernised art deco with fluid forms, corner living spaces with multiple natural light sources and finely detailed metalwork in the façade, aims to prioritise light as one of the building materials, complementing the sweeping views across the Domain precinct, St Kilda Road and the Botanic Gardens.&nbsp;

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The interior design expands on the architecture's art deco references through custom designed door handles and feature lighting. The use of materials such as sustainably harvested timber and natural stone in the benchtops convey an enduring quality to the homes. Two choices of interior material palettes are available; a light palette inspired by bright summer days and a warm palette referencing the autumnal hues of the elm trees along St Kilda Rd.&nbsp;

The building has an intrinsic focus on sustainability, with generous glazing, considered shading, rainwater harvesting and rooftop solar photovoltaics to enable renewable power.&nbsp;

Park Modern's Display Suite, located Level 6, 332 St Kilda Road, opened on 13 September, inviting prospective buyers to explore the development's stunning interiors designed by Bates Smart. Viewings are available by appointment with&nbsp;Burtons.&nbsp;

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“We have assembled a world-class team befitting this much-cherished park side address," Time &amp; Place Director and Founder, Tim Price, says.

"With some of our most trusted project partners in Bates Smart and Hacer, we are confident in delivering highly desirable residences that will optimise the views and interaction with the gardens, city and bay."

"Park Modern is our vision for a sophisticated, amenity-rich village in South Melbourne, where the 15-minute neighbourhood concept comes to life - placing the city's best food, arts, culture and entertainment within a short walk&nbsp; 
of home.&nbsp;

"This development is a testament to Time &amp; Place's mission to make for interesting living, which we continue to do by creating developments in connected, engaging, and exciting urban communities. This is the last opportunity to create a new residential address on the Botanical Gardens. We've spent seven years curating the land and a design that will feel as right in twenty years as it does today."&nbsp;

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Time & Place appoints Hacer to build newly launched Park Modern apartments in South Melbourne

Melbourne developer&nbsp;<a href="https://www.apartments.com.au/developers/hengyi-australia">Hengyi</a> is trying again to develop its prominent Bay Road site in Bayside Sandringham.

The new application, now under consideration via Victoria’s Development Facilitation Program, marks a revised approach after a previous iteration was refused by VCAT in late 2023. They are planning three seven-storey residential buildings at 208-210 Bay Road, an already cleared 5,226 sqm block just under two kilometres from the beach.

The buildings will home&nbsp;123 apartments above a two-level basement car park, along with a commercial tenancy, communal facilities, and landscaping interventions.&nbsp;

<img alt="208-210 BAY ROAD SANDRINGHAM VIC 3191" data-entity-type="file" data-entity-uuid="d5523a8c-47e3-47f4-b468-9fb97f241977" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/front%20full.png?VersionId=CGSZOulullVRFFbCrTAvZLXJ1jPv5.wM" />

Hengyi has addressed the key concerns from VCAT, namely&nbsp;how the building would integrate with the current environment.

The buildings step down from Bay Road towards the rear, addressing sensitive residential interfaces and the neighbouring Sandringham East Primary School. Design features include varied setbacks, upper-level recesses, and deep soil zones intended to retain and supplement the existing tree canopy.&nbsp;

Vehicular access is proposed via an upgraded crossover on Bay Road, while pedestrian connectivity is enhanced through retention of an easement that links to the primary school. Car parking is proposed to be reduced below the standard requirements, justified in part by the site’s proximity to public transport and active transport networks.

<img alt="208-210 BAY ROAD SANDRINGHAM VIC 3191" data-entity-type="file" data-entity-uuid="d622acc1-0917-43d4-b8ba-8857ded0cc73" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/perspective_2.png?VersionId=iSrKHlI_D11ckyBzWdgq5QEy2TSWZCTW" />

Architect Rothelowman noted in the Urban Context Report that the proposal&nbsp;"seeks to balance site efficiency, residential amenity, and a sensitive response to its urban interface."

Rothelowman's design inspiration stemmed from asking the question 'What does&nbsp;Sandringham and Bayside have that is unique to other parts of suburban Melbourne?'

They said indigenous coastal flora and fauna, extensive areas of recreational greenland, and living by the ancient land that follows the bay, are the three key features of Sandringham.

The proposed mix includes affordable and market housing, with <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>&nbsp;seeking to balance increased density with amenity through articulated built forms and communal offerings such as a gym, co-working space, and rooftop spa.

John Patrick Landscaped Architects have come in to enhance the landscaping, which was another key factor in the VCAT decision to refuse the original application. Now there will be rainforest and coastal gardens with a predominantly native and indigenous planting palette.

<img alt="208-210 BAY ROAD SANDRINGHAM VIC 3191" data-entity-type="file" data-entity-uuid="7cdceff0-aa99-4ed7-a159-0038e8f66fbb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/perspective_3.png?VersionId=uvTAu41Ryn3GWKLjJrIbilvQO09MsuR9" />

The Town Planning Report by Urbis suggested the project is designed to deliver “a much-needed increase in dwelling diversity and density” in an area earmarked by Bayside Council as a Moderate Residential Growth Zone.

The Bayside Housing Strategy identifies the corridor as suitable for higher density residential renewal, aligning with the state government's recent target of 30,000 new homes in Bayside by 2051.

The application is being assessed by the Minister for Planning under Clause 53.23 due to its scale, provision of affordable housing, and $70 million-plus investment.&nbsp;The project is forecast to support 200 full-time construction jobs and deliver $56 million in gross value added during the build period.

Hengyi has previously developed Swanston Central and Light House, both in the Melbourne CBD.

The Bayside Housing Strategy identifies the corridor as suitable for higher density residential renewal, aligning with the state government's recent target of 30,000 new homes in Bayside by 2051

First look: Hengyi proposes trio of apartment buildings for Sandringham’s Bay Road

Both buyer demographic and buyer preference is shifting across Melbourne, the&nbsp;recently released Apartment Essential Snapshot by research giant Urbis found.

Data showed 40 per cent of purchasers over the June quarter were investors, closer to levels observed in 2021 and 2022, rather than the last two years. Investors are no doubt driven by lower interest rates, and the fact Melbourne has slipped to become one of the most affordable capital cities in the country.&nbsp;

Developers and project marketers are currently reporting a high number of interstate investors in particular across the board, who are priced out of the investment markets in Sydney and South East Queensland.

<img alt="Urbis" data-entity-type="file" data-entity-uuid="6d1bca0c-2d65-4b8f-9203-fbb4934c1e69" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-24%20at%201.41.19%E2%80%AFPM.png?VersionId=mFL2Oa1qD6OBGSZweCM7aT5VEmgd8jWG" />

While investors showed signs they are back in the market in Melbourne, there has been an ongoing shift towards larger-scale apartments from developers, targeting the downsizer, a demographic relatively under serviced until recently.

Three-bedroom apartments are now being sought just as much as one-bedroom apartments, which is prompting a seismic shift in the make-up of new buildings.&nbsp;

<img alt="Urbis" data-entity-type="file" data-entity-uuid="40962ec9-fd32-4e32-9605-5f1066c913c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-24%20at%201.47.09%E2%80%AFPM.png?VersionId=KoUoPDQNKgKNPFKQf0Fr.8YRtnMlaYSb" />

&nbsp;

Melbourne's off the plan apartment market has been buoyed by the abolition of stamp duty on new and off the plan apartments, which was extended earlier this year to October 2026.&nbsp;The concession allows buyers, including investors, to deduct construction costs from the dutiable value of the property, lowering entry costs and stimulating demand.

Also assisting in demand in the new space is the increased in demand, and turn around of price growth, in the established sector.&nbsp;Clearance rates in Melbourne improved five percentage points in the quarter, pointing to a greater appetite for the state to transact on property, an appetite that had waned in recent years.

Urbis noted that sales speeds are increasingly aligning across Sydney and Melbourne, with under-construction projects in particular securing quicker commitments from buyers. This suggests heightened confidence in delivery, despite ongoing construction industry uncertainty.

Pipeline lifts, but remains subdued

After several years of record lows, Melbourne’s apartment pipeline is beginning to recover.

Nationally, annual completions are forecast to rise to 23,350 apartments per year between 2025 and 2027, 21 per cent higher than the 2021–2024 average, but still 35 per cent below the 2016–2020 cycle.

Prices continue to trend upward

Pricing remains on a steady incline, with Melbourne in line with the national average of $16,400 per square metre. That figure reflects a 14 per cent annual increase and a consistent 10 per cent per annum growth since 2021, driven by rising construction costs and the market’s shift toward higher-value product.

While the overall supply pipeline remains materially below long-term averages, the Q2 figures suggest Melbourne is “creeping off the bottom.” Investors are returning, sales rates are accelerating, and developers are again lodging applications for larger projects.

Together, these trends indicate a market cautiously regaining balance between buyer demand and supply delivery.

Investors return to Melbourne off the plan apartment market as buyers lean towards three-bedroom homes: Urbis

The quiet suburb of Thornbury is set for a rare new injection of new apartments, with plans to convert a&nbsp;prominent corner site on High Street into a seven-storey, mixed-use development that combines modern apartment living with an activated street frontage.&nbsp;

Positioned at the intersection of <a href="https://www.apartments.com.au/new-apartments/716-high-street-thornbury-vic-3071">High Street and Rossmoyne Street</a>, the proposal reflects a broader trend of mid-rise intensification across Darebin’s key tram corridors.

Lodged by <a href="https://www.apartments.com.au/developers/antipodean-land-developments">Antipodean Land Developments</a> under the VIC Development Facilitation Program, the application proposes a mix of commercial, retail and food and drink tenancies at ground level, with 45 apartments above, and a basement level below.&nbsp;

<img alt="712-716 HIGH STREET THORNBURY VIC 3071" data-entity-type="file" data-entity-uuid="e7b12b74-089b-4c31-ba7a-409ed9dec57e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/perspective_0.png?VersionId=j4eLev8RkQn9GsxwNWP6Q_aqF.9Yv9LK" />

Antipodean Land Developments brings a track record of design-led, sustainable projects, with their recent collaborations including Balfe Park Lane and Neighbourhood, delivered alongside Kerstin Thompson Architects and Breathe Architecture.&nbsp;

For the Thornbury site, the team has partnered with award-winning studio <a href="https://www.apartments.com.au/architects/austin-maynard-architects">Austin Maynard Architects</a>, whose design approach continues their commitment to socially responsive, climate-conscious urban infill.

The architectural scheme&nbsp;introduces a mid-rise built form articulated by low street walls and upper level setbacks, aiming to create a human-scaled interface along both High and Rossmoyne Streets. The Design Report prepared by Global South highlights suggested a key design feature is the&nbsp;chamfered corner treatment, which "marks a civic corner at a significant local intersection."

The building form tapers toward the sensitive eastern boundary, responding to neighbouring residential properties and local heritage elements including St Mary’s Church and the adjacent Salvation Army Hall.

<img alt="Thornbury" data-entity-type="file" data-entity-uuid="8ca6b38a-d66a-4ad6-9a29-e5ddcbc62f9e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-25%20at%208.22.58%E2%80%AFAM.png?VersionId=6rpne1JM42XwtkPrEH5zmTF4zrstIppA" />

The development will deliver 45 apartments across a mix of one-, two-, and three-bedroom configurations.&nbsp; Residents will have access to communal rooftop and podium-level terraces, along with improved pedestrian access through widened verges and landscaped zones.&nbsp;

The proposal for seven storeys exceeds the recommended five-storey height limit, however Ratio Consultants argues in its Town Planning Report&nbsp;the high degree of articulation and context responsive design of the building ensures that there is no excessive visual bulk. They add that there&nbsp;are various examples of mixed-use development north-south of the subject site which demonstrate overall development height in excess of five storeys.

First look: Antipodean plots mid-rise, mixed-use development on Thornbury's High Street

The $3 billion redevelopment of the Moonee Valley Racecourse is going from strength to strength.

Fresh off the back of launching the fifth stage, The Eveline, developer Hamton and joint venture partner Hostplus have revealed the sixth stage of the booming masterplan.

They're proposing five more buildings in what is being called the Cox Plate Precinct, with around 1,100 new residences. There will be two build-to-sell apartment buildings, two build-to-rent building, and a hotel.

The buildings will range in height from 10 to 25 storeys, and 10 per cent of the dwellings will be allocated to affordable housing.

Complementing the residential offering is over 3,000 sqm of retail space, including a circa 800 sqm supermarket, and 4,100 sqm of commercial office space. The hotel will deliver 184 rooms with ground-floor activation via lobby and retail uses.

The Cox Place Precinct is located on existing racecourse infrastructure including the grandstands, horse stalls and parade ring. The stage will further expand Tote Park, that was completed in 2020.

<img alt="MVP" data-entity-type="file" data-entity-uuid="fbcf5c9a-d888-43f4-8477-699e71e05a66" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-24%20at%2012.22.11%E2%80%AFPM.png?VersionId=CrmaFDZFjGB5V3UGXOW1mkmBtvN4KUyC" />

Architects DKO, Nelson + Koo, and FK Australia, have collaborated on the Cox Place Precinct, alongside landscape architect Tract.

The two build-to-sell buildings, Grandstand North and South, will overlook the racecourse. Grandstand South will be a distinct tower form broken by vertical greening, and comprise around 366 apartments.

<img alt="Grandstand South" data-entity-type="file" data-entity-uuid="0c6f9702-dfc2-467d-8b67-5b3fdb124c16" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-24%20at%2012.23.22%E2%80%AFPM.png?VersionId=Yh5OH8EIUy3BNc78Fx6Jp3QNMQXrLXMj" />The proposed stepping of the facade of the Grandstand South building

Grandstand North will present as a larger, slender tower, and home 191 apartments.

"Grandstand North presents as an opportunity for a placemaking marker at a significant intersection on the ground plane where Cox Place opens up to the racetrack," the Urban Design Report read.

"The unique oval form orients apartments and their view lines to the CBD and seeks to create a distinctive silhouette amongst the overall skyline composition of the Moonee Valley Precinct buildings. The oval form meets the ground plane to announce building entry and interlocks with the stepped and geometric expression of the podium levels as they extend along Cox Place."

<img alt="MVP" data-entity-type="file" data-entity-uuid="952f3838-3aba-445a-b440-ef78b4052e53" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-09-24%20at%2012.39.03%E2%80%AFPM.png?VersionId=0UGBPkv9Ed55YflyjJRt3o4FU7e6.eaL" />The plans for the Grandstand North tower

The joint venture submitted their proposal to VIC Planning in May. It will cost just over $850 million to deliver the five buildings. A build partner has yet to be named.

They anticipate to start construction on the two residential buildings in Q3 2028, pending approvals.

"We are excited to be working through the planning process for this next stage at Moonee Valley Park,"&nbsp;Hamton Managing Director Matt Malseed said.

"We are crafting a unique mixed-use precinct, and this collection of buildings will unlock further significant new housing supply for Melbourne’s inner northwest."

MVP's fifth stage, The Eveline, recently launched to the market. The two buildings,&nbsp;The Eveline East and The Eveline West, introduces a biophilic architectural approach by sought-after architecture practice&nbsp;<a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>.

Positioned at the centre of the precinct and surrounded by 20 hectares of green open space,&nbsp;<a href="https://www.apartments.com.au/new-apartments/the-eveline-33-dean-street-moonee-ponds-vic-3039">The Eveline</a>&nbsp;draws on the site’s natural and historical context.&nbsp;

Stage Six Snapshot

Grandstand North: residential housing (build to sell), commercial offices, retail (including a supermarket/grocery store)

Grandstand South: residential housing (build to sell), retail and food &amp; beverage (including signature venue)

Cox Place North: residential housing (build to rent), retail fronting Cox Place

Cox Place South: residential housing (build to rent), retail fronting Cox Place and Tote Park

Stables West: Hotel accommodation with some retail incorporating heritage stables.

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