Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

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?

Oz Property&nbsp;Group&rsquo;s latest residential venture is closing in on 50% sold as interest continues to grow in the future-proof, 51-home community. Kingloch Parade adds another notch in the developers growing list of big and small projects across the city with sustainability at the forefront of the design.

Kingloch Parade, however goes even further to break down the buzzword of sustainability and provide tangible sustainable measures for future residents - which was no small feat according to Oz Property Group Marketing and Sales Manager, Scott Williams.&nbsp;

&ldquo;Achieving a 7-Star energy rating took a lot of consideration with all aspects of design playing a part,&rdquo; he says.&nbsp;

[smartcode_project:default project_id=90532 project_image_fid=180654]

&ldquo;The size and function of each room, the type of building materials, the specification of each building&#39;s openings and the orientation of each individual home are all carefully designed into every floorplan to make them as energy efficient as possible,&quot; said Williams.&nbsp;

Perhaps even more importantly, Kingloch Parade is fully electric, something the developer believes will soon be mandatory for all new developments. It will utilise the latest, cutting edge appliances for cooking, hot water and heating to ensure all homes are future-proof &ndash; and without a gas bill. Saving residents up to $700 annually.&nbsp;

These considerations also helped Kingloch Parade achieve a BESS Score of 70 per cent, which equates to BESS design &lsquo;excellence&rsquo;, a voluntary commitment that goes beyond ticking the minimum requirements.

[smartcode_project:default project_id=90532 project_image_fid=183092]

BESS is especially important as it ranks how sustainable the design is as a whole, scoring areas such as energy, water, waste and urban ecology.

Dubbed as a development that is &ldquo;good for humans, great for birds&rdquo;, Kingloch Parade is surrounded by lush landscaping, with considered plant selection to foster native flora and fauna.

While underneath the surface, swales and tree pits will passively irrigate the many plants and trees to create local biodiversity and feed the native birdlife.&nbsp;

&nbsp;

[smartcode_project:default project_id=90532 project_image_fid=199374]

The largest swale is called the Blue Green Spine, which will cut right through the middle of the site, creating a sustainable water management system but also a practical and beautiful space for residents.&nbsp;

Made for all of Melbourne&rsquo;s&nbsp;weather conditions, solar panels will be provided as standard, generating over a quarter of the energy demand for the development.

[smartcode_project:default project_id=90532 project_image_fid=183095]

In collaboration with&nbsp;DKO, SLAB and REALM Studios, Kingloch Parade lands on the old site of Wantirna Heights School, a piece of history that Oz Property Group were keen to honour.&nbsp;

&ldquo;We know we&rsquo;re building on a place that was very important to the community, so we wanted to build something that was future proof and would stand the test of time, &rdquo; added Williams.&nbsp;

[smartcode_project_cta: project_id=90532]

Dubbed as a development that is “good for humans, great for birds”, Kingloch Parade is surrounded by lush landscaping, with considered plant selection to foster native flora and fauna

Suburban development pre-empts future legislation and goes all electric.

Riverbank - The Park House is&nbsp;a Salta development we've watched take shape from groundbreaking to completion, as it's situated just down the road from the Urban office at 631 Victoria Street, in the heart of Abbotsford.

The location is idyllic – you're overlooking one of Victoria's most iconic waterways, the Yarra River; it's super handy for public transport, the city is only 3 kilometres away, and you've got Victoria Gardens right across the road.

Take a look at our tour of the recently completed development:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/nvd7NDrWoz0" title="YouTube video player" width="660"></iframe>

<h2>RIVERBANK - THE PARK HOUSE AT A GLANCE</h2>

Address:&nbsp;631 Victoria Street, Abbotsford 
Developer:&nbsp;Salta Properties 
Architect:&nbsp;SJB Architects

[smartcode_project_cta: project_id=4136]

Architecturally designed by award-winning SJB Architects with interiors by Carr Design, the minimalist interior styling feels fresh and timeless.&nbsp;

Floor to ceiling double-glazing frames your picture-perfect views of the river, and I love the fact that you can secure this view without worrying about being built out in future.

&nbsp;Natural finishes complement the vista of water and Eucalyptus trees throughout the home – including wide engineered Oak floors and stone tiles on your balcony.

[smartcode_project:default project_id=4136 project_image_fid=156265]

Kitchens are equipped with high-end Gaggenau appliances and plenty of integrated storage that runs right up to the ceiling, maximising space. You've also got a beautifully marble-look stone benchtop which is the perfect prep area and breakfast bar. The bedrooms feature plush carpet, extensive wardrobes, and bathrooms offer a luxurious, deep bath and modern walk-in showers.

On site, you'll have access to a deluxe cinema. It's the ideal space to book out for a movie night with friends, offering luxury recliner seating for up to 8 people.&nbsp;

[smartcode_project:default project_id=4136 project_image_fid=156277]

There's also a state-of-the-art, fully equipped gymnasium,&nbsp;a 20 metre swimming pool, and a great outdoor dining area, complete with barbeque facilities for al fresco evenings in summer.&nbsp;

In cooler months, you'll love spending time in the resident's lounge relaxing with a book by the fire – there's plenty of comfortable seating and books available to borrow from your own library.

There is also a playroom for kids, and a golf simulation lounge for the adults.&nbsp;

[smartcode_project:default project_id=4136 project_image_fid=194862]

Salta has considered ways to make the development more environmentally sustainable, with a bike workshop and two electric vehicle charging stations. The development will reach a 6 + star Green Living and energy rating.

If you're interested in learning more about the homes selling at Riverbank - The Park House, then submit your enquiry today via Urban.&nbsp;

urban.com.au

Display Tour Video: Riverbank – The Park House by Salta at 631 Victoria Street, Abbotsford, VIC

KM Develop, the development arm of investment and advisory firm KordaMentha, has recently launched its luxury Ashburton apartment project to the market.

The development, known as Chapter, delivers a boutique collection of just 24 one, two and three-bedroom apartments at 363-367 High Street, Ashburton - in the heart of Melbourne&#39;s&nbsp;thriving southeast.

KM Develop&#39;s Managing Director Steven Wong says Chapter is a rare offering for Ashburton and surrounding suburbs.

[smartcode_project:default project_id=105071 project_image_fid=198018]

&quot;Apartment projects of this quality do not exist in Ashburton&quot; Wong says.

&quot;The options for people to downsize within this area are very limited. People love living in Ashburton because of it&#39;s&nbsp;great vibe and strong sense of community. We saw an opportunity to fill a gap and to provide high quality apartments equal to those you see in Glen Iris, Malvern and Camberwell.&rdquo;

Wong says Ashburton and the location of &lsquo;Chapter&rsquo; is similar, if not better to other high end apartment projects you see along High Street and Malvern Road in Glen Iris and Toorak Road in Camberwell.&nbsp;

[smartcode_project:default project_id=105071 project_image_fid=198015]

&quot;We can offer the same quality and amenity at Chapter for a far more affordable price, and there is far less competing projects in Ashburton which assists capital appreciation and rental values,&quot; Wong added.

Designed by renown architects Ewert Leaf, Chapter presents secure residences encased in a timeless fa&ccedil;ade, with spacious&nbsp; and well thought out open plan living arrangements, lots of natural light, generous private open spaces and high quality fixtures and fittings.

Ewert Leaf Managing Director, Will Leaf says &ldquo;Chapter incorporates a timeless fa&ccedil;ade and immaculate interiors reflecting an organic palette of warm timbers and natural stone, taking cues from the leafy surroundings of Gardiner&rsquo;s Creek, local parks and reserves set in amongst the heart of Ashburton.&rdquo;

[smartcode_project:default project_id=105071 project_image_fid=198021]

&lsquo;Chapter&rsquo; is being marketed and sold by Farey &amp; Co.&nbsp;

Director Jarrod Farey says Chapter is a high quality, boutique development in a fantastic location.&nbsp;

&quot;We&rsquo;ve had some strong success to date and the majority of the buyers have been downsizers and owner occupiers attracted by the amenity, surrounding the project, the generous apartment sizes, design quality and value,&quot; Farey says.

Green spaces and landscaping has been designed by John Patrick Landscape Architects.

[smartcode_project:default project_id=105071 project_image_fid=198012]

&ldquo;Chapter&rsquo;s generous outdoor spaces have been designed to foster a seamless connection between in and out,&quot; Farey added.

&quot;The plant palette features lush, fast growing vegetation that will provide a wonderful sense of tranquillity, and an exceptional level of privacy.&rdquo;&nbsp;

The site has been cleared in preparation for the commencement of construction. Hamilton Marino, one of Victoria&rsquo;s most respected residential apartment builders has been earmarked for the project.&nbsp;

Completion is slated for third quarter 2023.

[smartcode_project_cta: project_id=105071]

Nestled within walking distance from the lively Ashburton village hub and the convenience of the Ashwood retail strip, KM Develop’s Chapter residences have been designed with the owner-occupier in mind.


A new Chapter for Ashburton

Recently we were invited to visit the virtual display suite of Awaken – the second luxury Bayside residential release from developer Skelton.

Take a look at our display tour video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/iRrXlIldf1E" title="YouTube video player" width="660"></iframe>

<h2>AWAKEN AT A GLANCE</h2>

Address:&nbsp;30-32 Rooding Street, Brighton 
Developer: Skelton 
Architect:&nbsp;Travis Walton

[smartcode_project_cta: project_id=30087]

Skelton's sound track-record can be seen in the work of past projects such as Avenue, which saw incredible attention to detail, and development completion to an exceptional standard.&nbsp;

Situated on Rooding Street in Brighton, Awaken's situated only a 3-minute walk away from North Brighton Station, and minutes to Bay Street dining precinct or Brighton Beach.&nbsp;

You can also access Melbourne CBD in less than 20 minutes via car or public transport, offering you a coveted lifestyle, with world-class amenities at your doorstep.&nbsp;

[smartcode_project:default project_id=30087 project_image_fid=177703]

When you visit the display suite, you'll be immersed in interactive floorplans and cabinetry details showcased as a projection spanning the entire wall.&nbsp;

The development is the collaborative work of three world-class firms, including architect Travis Walton, landscape architecture practice ACRE and Brompton Construction.&nbsp;

The 11 apartments and 2 penthouses are completed with dark electro-bronze detailing in a stunning contrast to the intricate pattern of locally sourced European-style brickwork. Each home is softened by lush, cascading greenery – with a combination of both natives and evergreen planting to accommodate the change in seasons.

In summer, you can push open the wide sliding double glazed doors and enjoy a seamless connection to your private outdoor courtyard or balcony – and in cooler months, penthouse residents can relax in front of the statement marble fireplace.&nbsp;

[smartcode_project:default project_id=30087 project_image_fid=143715]

Flooring throughout each home is natural oak timber, while bedrooms offer fully fitted wardrobes and luxurious warm wool&nbsp;carpets.

The range of fixtures and fittings are timeless – including Roger Seller brushed stainless tapware, bespoke timber joinery and integrated Miele appliances. Detailed nuances such as hidden LED lights, and floating shelves show the care that has been taken to enhance each home's liveability and aesthetic.&nbsp;

[smartcode_project:default project_id=30087 project_image_fid=143717]

To learn more about Awaken Brighton, enquire today as these properties are in high demand. Request a call from a Skelton sales consultant via Urban.&nbsp;

Olivia Round

Display Tour Video: Awaken by Skelton at 30-32 Rooding Street, Brighton, VIC

Long favoured by Melbourne&#39;s elite, the suburb of Toorak is highly-regard as one of the most sought-after postcodes in the state.

With mansion lined streets and leafy green spaces, the area seeps heritage and history at every corner, home to the longstanding&nbsp;Toorak House, which was built just before the discovery of gold in Victoria and considered to be possibly the oldest&nbsp;surviving mansion in the state.&nbsp;

Stepping into the modern era, the area&#39;s central hub, Toorak Village, boasts an array of eclectic restaurants and cafes, and boutique retailers, with the South Yarra neighbour home to all that is desired and required.&nbsp;

Often referred to as the &#39;Beverly Hills of Melbourne&#39;&nbsp;due to its mansions and affluent residents, those looking to step out can easily access Melbourne&#39;s CBD, which sits just five-kilometres away, although there often isn&#39;t any need to venture too far.&nbsp;

A&nbsp;number of Melbourne&rsquo;s most prestigious schools can also be found within Toorak&rsquo;s boundaries, like&nbsp;St Catherine&rsquo;s School&nbsp;and St Kevin&rsquo;s College.

One of the most striking developments on the market, recently launched by the Sydney-based SPG Group, is Euroka.

[smartcode_project:default project_id=109759 project_image_fid=185215]

Euroka keeps in style with Toorak, drawing inspiration from&nbsp;Melbourne&rsquo;s iconic Roy Grounds House, which was&nbsp;once home to one of Victoria&rsquo;s most influential modern architects.

There&#39;s just 10 luxury apartments on offer, created by the renowned Carr Design team.

Carr&#39;s Managing Director Chris McCue says&nbsp;Euroka&rsquo;s brutalist form is expressed in precast and off-form concrete.

[smartcode_project:default project_id=109759 project_image_fid=185212]

&ldquo;The heavy-weight nature of the concrete structure appears to float above the ground-floor apartments,&quot; McCue says.

Upon entry, residents are welcomed to a body of water, leading to a light-filled atrium entry that incorporates landscape design in conjunction with Acre Studio.

&ldquo;Our design philosophy prioritises interior spaces that open out to external views,&quot; McCue added.

&quot;This has been consistently applied throughout the project&rsquo;s planning strategies, with the axes aligned across each of the unit types to each of the 10 apartments.

[smartcode_project:default project_id=109759 project_image_fid=185218]

&ldquo;Overhead voids cut into expansive first-floor terraces greater connect plan types to view and light with broad open plan spaces across the northern and southern facades.&quot;

With a&nbsp;robust form, and&nbsp;a gallery-like, three-tiered elevation, each apartment has been designed with a unique aspect across the three levels.

Residents also benefit from easy access to a number of Toorak&#39;s best amenity, including&nbsp;the Main Yarra Trail which winds its way along the iconic Yarra River.

[smartcode_project_cta: project_id=109759]

Stepping into the modern era, the area's central hub, Toorak Village, boasts an array of eclectic restaurants and cafes, and boutique retailers.

Why Toorak is one of Melbourne's most sought-after suburbs

BNG Group has launched their most recent project, Olea to the market.

Situated in Caulfield North, the $47 million venture comprises 58 apartments along with seven townhouses, designed by Melbourne-based firm, CK Architecture.

[smartcode_project:default project_id=8440 project_image_fid=29515]

Distinctive in structure, Olea blends seamlessly within its neighbourhood, complementing the surrounding heritage homes and tree-lined streets.

The townhouses will offer a mix of three and four-bedroom floorplans, while the apartments will feature one, two and three-bedroom floorplans.

The brick façades of the townhouses and upper levels reflect the neighbouring homes, tying Olea into its context.

[smartcode_project:default project_id=8440 project_image_fid=29516]

Generous communal spaces naturally add to Olea’s community atmosphere, accented by landscaping and shared green spaces, giving residences a sense of space.

An internal north-facing courtyard is also set to become a communal community hub.

The Melbourne suburb sits 11-kilometres from the city’s centre, within the City of Glen Eira.

[smartcode_project:default project_id=8440 project_image_fid=29513]

Bounded by Orrong Road to the west, Glen Eira Road to the south, Dandenong Road to the north and Kambrook Road to the east, residents will be well-connected to the greater Melbourne vicinity and just moments from an array of restaurants, coffee shops and boutiques, not to mention the iconic Caulfield Racecourse.

[smartcode_project_cta: project_id=8440]

Distinctive in structure, Olea blends seamlessly within its neighbourhood, complementing the surrounding heritage homes and tree-lined streets

BNG Group launch Olea, Caulfield North apartments

If you're after a quintessentially Melbourne apartment – designed by none other than Melbourne's own Fender Katsalidis Architects –&nbsp; then you'll love WOBO in North Melbourne.&nbsp;

Take a look at our recent display suite tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/pF2GLinINUk" title="YouTube video player" width="660"></iframe>

<h2>WOBO AT A GLANCE</h2>

Address:&nbsp;103-105 Boundary Road, North Melbourne 
Developer:&nbsp;Orb Property Partners 
Architect:&nbsp;Fender Katsalidis Architects

[smartcode_project_cta: project_id=112082]

WOBO will feature a striking facade, with residences delineated by towering recycled brick columns, which are softened by shimmering glazing and greenery.&nbsp;

As you can tell from the video, the display suite&nbsp;clearly reflects the marketing renders, down to the unique details such as the mesh on the overhead storage and timber bench seating. The space feels very calm and cohesive, and any feature piece,&nbsp;such as the handles and tapware, are timeless.

[smartcode_project:default project_id=112082 project_image_fid=193771]

The bathroom styling is exquisite. Details such as the gooseneck showerhead, the elegant tiling and the fluted shower glass evoke a sense of luxury. The integrated cistern and tapware and hidden LED lighting are some other modern features the design team have thought of.&nbsp;

At WOBO, you'll also have access to some exceptional lifestyle amenities that you'll get plenty of use out of. There's a private member's lounge with a rooftop terrace complete with a firepit and an outdoor dining space with some of the best views of the Melbourne city skyline.&nbsp;

[smartcode_project:default project_id=112082 project_image_fid=193773]

The development is also part of a multi-stage mixed-use precinct which will include a wellness centre, fresh food marketplace, a 220 sea cinema, a co-working space and a resident's business lounge.&nbsp;

Located at 103-105 Boundary Road in North Melbourne, you can walk to Macaulay Station and Royal Park – with plenty of shops and amenities nearby.&nbsp;

[smartcode_project:default project_id=112082 project_image_fid=194135]

WOBO will feature a boutique collection of industrial-inspired one, two and three-bedroom apartments, including penthouse offerings and family-designed apartments. To learn more about securing your new home, then enquire via Urban today and move in by 2024.&nbsp;

Display Tour Video: WOBO by Orb Property Partners at 103-105 Boundary Road, North Melbourne

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.



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