<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

Joel Robinson

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer Big Projects brought in the renowned Sydney-based design studio YSG to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for Big Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of Big Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Architecture, with landscape design by LDG.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its design flair/ appeal,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. Big Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

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

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

[smartcode_project_cta:default project_id=150128]

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

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

First look: NewQuest Property proposes new St Ives apartment development

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

ASX-listed developer Cedar Woods has officially broken ground for its new residential community, Mason Quarter, located in the fast-growing suburb of Wollert.

Mason Quarter is a 64-hectare masterplanned community located 25-kilometres north of Melbourne’s CBD, which will accommodate over 800 residences complemented by a range of lifestyle amenities including green spaces, schools and transport services.

Construction commenced this month with the appointment of Symon Bros. Constructions, continuing the long-standing relationship between Cedar Woods and the contractor, which has been welcomed by Cedar Woods’ Chief Operating Officer Patrick Archer.

“We’re excited to be working with Symon Bros. Constructions once again after many successful outcomes at Williams Landing and Carlingford Estate. Symon Bros. has a strong track record in delivering quality new communities, placing Mason Quarter in good stead to be another highly sought-after location for homebuyers and investors alike,” says Archer.

[smartcode_project:default project_id=95340 project_image_fid=180442]

Situated in one of the City of Whittlesea’s fastest growing suburbs, Wollert, Mason Quarter is slated to attract first homebuyers, growing families, and investors, with the suburb’s population expected to double by 2036.

“Land in Melbourne’s growth corridors is increasingly sought after and buyers are eager to break into this strong market,” Archer added.

“There is a great deal of amenity in the Wollert area already, although with a site of this size we will also be able to establish additional amenity and establish a brand-new community that will be able to enjoy it.”

Mason Quarter includes plans for two schools, a community facility and is located within walking distance of the future Wollert town centre. The project is also near major arterials, including the Hume Freeway and Metropolitan Ring Road, as well as the Northern Epping Hospital and established shopping centres, including Pacific Epping.

[smartcode_project:default project_id=99962 project_image_fid=160810]

Designed around existing nature and access to green space, Mason Quarter has been carefully designed to grow with its community, in close connection to the natural surrounds of the river red gum.

The project includes over thirty tree reserves, a 7.9-hectare conservation reserve, and several parks distributed throughout the community. Mason Quarter will be delivered over the next eight years with land now selling from $188,500, subject to availability.

The leading developers have a strong pipeline of projects planned for Victoria, with a mix of urban subdivisions, medium to high-density apartments and townhomes, retail and commercial developments in the works. &nbsp;

Williams Landing is a 225-hectare masterplanned community that will feature over 3,000 dwellings on completion. The development is set to accommodate a diverse housing mix including traditional lots, terraces, semi-detached townhomes and apartments, plus parklands and sporting facilities.

[smartcode_project:default project_id=111780 project_image_fid=189512]

St.A is a 250-dwelling development on a 6.8-hectare site that is revitalising St Albans with new housing stock and a masterplanned community 16-kilometres north-west of Melbourne’s CBD.

The community will encompass a mixture of detached homes, semidetached townhomes, terraces and a central park with the convenience of nearby education and transport amenity.

Jackson Green is a 6.5-hectare site delivering 151 new houses and 400 apartments in Clayton South.

The development is a unique residential offering 20-kilometres from Melbourne’s CBD, encompassing a central park and a range of townhomes and apartments with the convenience of nearby retail, employment and education opportunities.

[smartcode_project_cta: project_id=99962]

Situated in one of the City of Whittlesea’s fastest growing suburbs, Wollert, Mason Quarter is slated to attract first homebuyers, growing families, and investors, with the suburb’s population expected to double by 2036.



 Cedar Woods breaks ground at Mason Quarter masterplan in Melbourne’s northern-growth corridor

The Melbourne developer, Spacious Group,&nbsp;has launched their latest residential apartment project in the heart of Altona, in Melbourne's south-west.

Set on 2,000 sqm in the heart of the major activity centre, Voyage will comprise 52 apartments, designed by the local architectural studio, Cheah Saw Architecture.

Cheah Saw says the architecture evokes the experiences of the beach close by.

[smartcode_project:default project_id=112195 project_image_fid=192847]

"The glistening sunlight on the waves is translated into the dappled light filtering through perforated screens," the architectural studio note.

"This sheer envelope contains a layer of terraces, outdoor rooms that are private and protected. These mediate between the domestic interior spaces of the residences and the urban context and expansive surrounding coastal landscape.

"The greenery of the foreshore reserves is echoed in the landscaped courtyard running through the heart of the project.

"Raised over the ground floor, this secluded communal garden opens up the building to views toward the sea and lets sunlight reach all apartments.

"The two blocks are connected by a series of bridges overlooking this shared landscape."

[smartcode_project:default project_id=112195 project_image_fid=192845]

Located at 102-106 Pier Street, Voyage is made up of one, two and three-bedroom apartments, priced from $437,000.

It feature&nbsp;an asymmetrical form with refined materiality, taking on&nbsp;the surrounding landscape, referencing the natural beauty of Altona, structured with a contemporary edge.

The layered and textured design is echoed throughout the interiors, creating a sense of unison between the outdoor and indoor spaces.

A neutral colour palette boasting warm tones and textures has been utilised, with residences featuring timber flooring, Miele appliances, and stone bench tops throughout.

[smartcode_project:default project_id=112195 project_image_fid=192844]

The indoor-outdoor flow of the living areas benefit from full-height windows, allowing an abundance of natural light to filter through the space.

Appointed with high-end appliances and ample storage, the living space has been designed in response to the bayside beauty.

Apartments seamlessly connect to expansive terrace spaces, providing panoramic views to either the bay, Cherry Lake or the CBD.

[smartcode_project:default project_id=112195 project_image_fid=192846]

The Voyage residences sit roughly 13-kilometres south-west of the Melbourne CBD and adjacent to Williamstown.

Within walking distance to public transportation, Altona shopping centre, and Altona beach, residents of Voyager are connected to a plethora of urban amenity.

[smartcode_project_cta: project_id=112195]

Set on 2,000 sqm in the heart of the major activity centre, Voyage will comprise 52 apartments, designed by the local architectural studio, Cheah Saw Architecture.

Spacious Group launch Altona apartment development, Voyage

The Melbourne developer PSP Property Group has secured a sell-out at its One Deanside house and land development in Melbourne&#39;s west.

Some 70 per cent of the estate was snapped up in the first week of launching back in November 2021, with entry level owner-occupiers making up the bulk of the purchasers.

Comprising 130 lots ranging from 300 sqm to 350 sqm across nearly two hectares of land, construction for One Deanside has now commenced, with the promise of a tree-lined, family focussed community 32km from the Melbourne CBD.

<img alt="" height="1414" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/298_3175_one_deanside_-_main_brochure_final_v5.3_230x330mm_fa_print_ol_page_6_1.png" width="1948" /> 
Aerial view of the masterplanned, One Deanside, located West of the Melbourne CBD. Image supplied.&nbsp;

The estate&rsquo;s relative affordability and position within the Deanside growth corridor has been a major attraction to&nbsp;many first home buyers.

With an on-site early learning centre as well as two proposed government and private schools within walking distance, PSP Property Group Director of Sales &amp; Marketing, John McCann said that the amenity in One Deanside and surrounds gives residents all they need within one close-knit community.

&ldquo;We&rsquo;ve been overwhelmed by the sheer demand for the project, having had 90 per cent of the project secured within the first ten weeks of launching last year,&rdquo; said John.

&ldquo;One Deanside has attracted a buyer profile of first home buyers, young families and executives who are seeking to enter the market to raise their families in an intimate neighbourhood, and who are capitalising on a product that represents true value for money.

&ldquo;The community enjoys walking trails, bushland, the neighbouring vantages of Kororoit Creek and plenty of wide-open space, meaning the dream of a home nestled within nature has been realised for many young buyers.&rdquo;

<img alt="" height="1414" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_5488.jpeg" width="1801" /> 
PSP Property Group&#39;s project&nbsp;located at 1 Deanside Drive, Deanside. Image supplied.&nbsp;

One Deanside is located 1.5-kilometres from the Western Freeway and close by to the future Outer Metropolitan Ring Road, a 100-kilometres-long high-speed transport link for people and freight in Melbourne&rsquo;s north and west.

&ldquo;It&rsquo;s a highly accessible area with plenty of investment that is seeing the West meet its true potential at a rapid rate.

&quot;The community is located right next to the train station, and with access to the freeway in just minutes it has proved to be an asset for those who want to remain connected while enjoying being tucked away from the hustle and bustle of the CBD.&rdquo;

One Deanside is due for completion in early 2023.

Comprising 130 lots ranging from 300 sqm to 350 sqm across nearly two hectares of land, construction for One Deanside has now commenced, with the promise of a tree-lined, family focussed community just 32km from the Melbourne CBD.



First home buyers drive One Deanside house and land development to sell-out

If you're looking for a bayside escape where you can enjoy a more relaxed lifestyle – then you'll love, Soul Hampton. This is a rare opportunity to secure one of only eight boutique luxury residences in Melbourne's coveted suburb of Hampton.&nbsp;

Take a look at our apartment spotlight video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/mOucRU6FkBA" title="YouTube video player" width="660"></iframe>

<h2>SOUL HAMPTON AT A GLANCE</h2>

Address:&nbsp;14-16 Grenville Street, Hampton VIC 3188 
Architect:&nbsp;Finnis Architects 
Number of residences: 8

[smartcode_project:default project_id=93042 project_image_fid=193038]

Located at ​14-16 Grenville Street, you're within walking distance to the Hampton Street shopping strip and Melbourne's most popular city beaches. The city is just over 20 minutes away, easily accessible via public transport, and you've got great education options nearby, including St Mary's Primary School, Haileybury and St Leonard's College. Linacre Private Hospital is also just a three-minute drive away.

Soul Hampton features a grand stone facade with beautiful arcs and extensive glazing, making it stand out as an architectural work of art designed by Finnis Architecture to be enjoyed for years to come.

[smartcode_project:default project_id=93042 project_image_fid=193037]

The is a boutique collection of two and three-bedroom residences available, ranging in size from a generous 120 sqm to 181 square meters. Each home is crafted with superior quality fixtures, including Gaggenau appliances and Liebherr fridges. You've got an extra spacious breakfast bar with plenty of space for bar stool seating, creating a central social hub within the home. There's also an integrated heating and cooling system, as well as underfloor heating for thermal comfort.&nbsp;

All spaces are generous, with ample glazing meaning the rooms are flooded with natural light, and the use of limestone and marble, as well as timber panelling create a relaxed, minimalist aesthetic.&nbsp;

[smartcode_project:default project_id=93042 project_image_fid=193039]

One of the highlights of the development is the adjoining balconies, where you can enjoy alfresco dining year-round. Some homes also include secluded courtyards surrounded by verdant greenery.

You'll also receive two basement car parking spaces, and secure storage as a standard inclusion with your purchase.

To learn more about securing one of these boutique residences, enquire today via Urban and don’t miss this unique opportunity to secure a brand new luxury home in a coveted location.

[smartcode_project_cta: project_id=93042]

Olivia Round

Apartment Spotlight Video: Soul Hampton at 14-16 Grenville Street, Hampton, VIC

The bustling inner Melbourne suburb of Richmond is set for a boutique $2.4 million apartment project.

A local development firm has&nbsp;submitted plans to the Yarra City Council&nbsp;for&nbsp;a seven-storey residential building homing&nbsp;just nine apartments.

Designed by Katsifolis Architects, the residences will comprise one studio apartment, six two-bed and two three-bedroom apartments, each with private generously-sized balconies.

&quot;The surrounding Richmond area is currently undergoing a transition from traditionally commercial and industrial land use to a mixed-use urban fabric, with the proposal seeking to fit in with the future urban context, while still maintaining a form that bodes with the current landscape,&quot;&nbsp;Katsifolis noted in their submission.

<img alt="" height="544" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-21_at_11.22.18_pm.png" width="1130" />

The light court extending up the eastern side of the building provides cross flow ventilation, sunlight and a private open space for the ground floor apartment, integrating reflective mirrors on the rooftop level to provide additional sunlight to the lower levels, which is a common architectural feature seen across European countries, in higher density urban environments.

The proposal includes a landscaped communal rooftop, adding further residential amenity, split in to two sections.

The northern section encompasses 51 sqm of space and is designated for the use of residents in apartments one through seven. The southern section of the rooftop spans 29 sqm and is exclusively for the residents of apartments eight and nine.

Each terrace is provided with a communal barbecue area, sheltered by a cantilevered roof form, with planter boxes for residents&rsquo; food production, all surrounded by architectural landscaping

The Environmentally Sustainable Design report by SBE Melbourne says the&nbsp;project is a well-conceived example of sustainable inner urban development.&quot;

<img alt="" height="776" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-21_at_11.21.56_pm.png" width="624" />

The town planning report by Human Habitat said the proposal considers a residential apartment building of high architectural quality, a high level of internal amenity, and has limited potential for adverse amenity impacts to surrounding properties.

&quot;The proposal seeks to provide higher densities of housing in appropriate location and offer a mix of dwelling sizes and types,&quot; it noted.

&quot;The contemporary architectural-style complements the surrounding area and will provide a benchmark for future development in York Street and the surrounds.

&quot;The building includes innovative implementation of international design techniques such as the use of angled mirrors to provide grater sunlight access to lower levels.&quot;

First look: Richmond set for new boutique apartment development

The ambitious once-in-a-generation plan to transform Chapel Street’s Jam Factory into a world-class retail, residential, hotel and commercial precinct will soon become reality as the City of Stonnington this week approved the project by proponents Newmark Capital, GURNER™ and Qualitas.

The five-tower redevelopment will deliver 18,500 sqm of new retail space, 20,000 sqm of commercial office and 400 residences across 42,020 sqm of residential space, alongside a 5-star 200-room hotel, a cinema upgrade, and a new public realm. GURNER™ CEO Tim Gurner noted the planning approval achieved for the visionary redevelopment as a remarkable effort by all involved, including consultants and the council.

“We’ve been working closely with the project team, as well as council, to deliver something truly world-class – the redevelopment will put Chapel Street back on the map, not only as a retail hub, but as a luxury travel and lifestyle destination as well,” he said.

Touted as the cornerstone of Chapel Street’s future renaissance, the redevelopment will inject more than $800 million into the Victorian economy annually, in addition to over $500 million in construction alone; workers and residents are expected to spend more than $28 million at the precinct annually, while hotel guests will bring in over $12 million every year.

"The overwhelming support for the project speaks to the blue-chip nature of the location, the world class vision of the project team and the combined power of the joint venture. Our fund investment strategy places an unrelenting focus on quality of our partners and quality of real estate, which gives us confidence this vision will soon become a reality,” added Mark Fischer, global head of real estate and co-founder of Qualitas.

Newmark Capital will deliver and retain ownership of the commercial and retail component, while GURNER™ and Qualitas will deliver the luxury residential and hotel component.

&nbsp;

<a data-entity-type="" data-entity-uuid="" href="/new-apartments/500-chapel-street-south-yarra"><img alt="" data-entity-type="" data-entity-uuid="" height="1923" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_jam_factory_residential_tower24.jpg" width="2181" /></a>Rendering of the proposed residential tower at the Jam Factory site. Image supplied.&nbsp;

“This will take everything we have learnt from projects like Hawksburn Place Residences and Saint Moritz and elevate it to a whole new level – this is something that will truly put South Yarra at the upper echelon of world luxury property,” Tim Gurner said.

Designed by Bates Smart, the new masterplan is set to re-ignite the river end of Chapel Street and become a world-class mixed-use precinct.

“Architecturally, the site will exhibit strong sculptural forms, carefully managed massing to optimise light and sun access along with natural materiality responding to the context – the buildings will balance the need for solidity with a delicacy and lightness rarely seen in contemporary residential developments," said&nbsp;Bates Smart managing director, Simon Swaney.

The Lovers Walk laneway will become the main pedestrian link for the new Jam Factory, beckoning both cyclists and pedestrians to enter through to the retail and food and beverage tenancies, before they reach the central plaza and town square that define the project characterised by the heritage chimney, open plaza, and amphitheatre.

Newmark Capital Managing Director Chris Langford said the redevelopment celebrates the Jam Factory’s heritage, unlocking the potential of an iconic site.

“Our vision revitalises the Jam Factory, celebrating its rich character and history. The heritage facade on Chapel Street will be refurbished, bringing back the detail and original character. The laneways will draw people through the precinct, seamlessly integrating with Chapel Street and surrounding areas. It will be a thriving, integrated, shopping, working, living and entertainment precinct, the perfect place to live, work, play and stay. It will be a world-leading shared precinct, an asset for the whole community," he said.&nbsp;

“The new Jam Factory will be a signature, vibrant destination for Melbourne. Permeability will be further boosted by reinstating Turnbull Street, improving accessibility from Chapel Street and through the north-south Bray Lane, which is accessible via Garden Street. The layout of residences will maximise amenity access, both within and outside of the apartment, with generous balconies, natural light, and access to the world-class network of retailers, restaurants, bars, and more.

<a href="/new-apartments/500-chapel-street-south-yarra"><img alt="" data-entity-type="" data-entity-uuid="" height="1773" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_jam_factory_aerial23.jpg" width="2364" /></a>

Aerial shot of the proposed redevelopment of 500 Chapel Street. Image supplied.&nbsp;

Rooftops across the towers will also be utilised, with gardens, private open spaces, panoramic views, and indoor/outdoor areas – residents will have access to 2,700 sqm of indoor common amenity and over 5,000 sqm of outdoor common space on rooftops alone.

The hotel, which occupies the podium floors of the central residential towers, will welcome each guest into a naturally lit lobby with views of the nearby rooftop gardens and beyond, before they arrive in their room. Sitting above a revitalised heritage façade will be an ethereal, curvilinear office building, hosting large floorplates and touchless technology, providing true workplaces of the future. “ The offices will offer every amenity within an ideally located and connected community,” Langford said.

“With stunning views and large floorplates, they represent workplaces of the future. They will boast spectacular views back to the city and the bay, and will hold a special place in the Melbourne skyline,” said Langford.

The development team has spent 12 months working closely with council, reimagining the scheme from its originally permitted use; it will now become a world-class destination with residential towers, a hotel and more community spaces. Lead architects Bates Smart will be joined by Townshend Landscape Architects and Leonard Design Architects, to create a bold and innovative mixed-use precinct. “ All remnant heritage fabric will be retained and restored - streets and lanes will connect the site to the surrounding street network and context.

An active ground plane centred around a large northfacing village square will provide retail experiences, a new easily accessible supermarket and other essentials. When complete, the redevelopment is expected to support 2,282 jobs on a full-time equivalent (FTE) basis, with an estimated 1,286 indirect jobs created as a knock-on effect. Works on the redevelopment are expected to commence when all relevant approvals are secured.

"The team we have assembled for this ambitious project is in a league of its own, and we’re looking forward to commencing works on the site as soon as possible,” Gurner added.

[smartcode_project_cta: project_id=5351]

Gurner gets sign off for Jam Factory precinct on Chapel Street

Private developer DealCorp has&nbsp;completed its $30 million apartment project, MCKN, in the Bayside suburb of&nbsp;McKinnon.

DealCorp’s Executive Chairman, David Kobritz, says MCKN is the highest quality apartment building to be constructed in the area and buyers have appreciated this aspect.

“McKinnon is an incredibly sought after suburb, so we are pleased to be able to deliver much-needed quality apartments at an accessible price point for young families wanting to get into the area.

[smartcode_project:default project_id=4939 project_image_fid=152596]

“With limited apartment stock in McKinnon and no other comparable local projects, MCKN provides a unique point of difference for home hunters looking to move to Melbourne’s south-east."

Designed by revered and distinctive design practice, RITZ&amp;GHOUGASSIAN, MCKN has appealed largely to families wanting to live within the coveted McKinnon Secondary College zone, with the school consistently appearing amongst Victoria’s top performers.

Projects by Buxton director, Heath Thompson, who is managing sales at MCKN added,

“In a time of financial uncertainty, the drawcard of a really strong public school has been a huge pull for buyers who may consider that private schooling is now out of their reach.”

[smartcode_project:default project_id=4939 project_image_fid=195444]

“Now that buyers are able to touch and feel the product, experience the excellent location and with the ground level café and providore set to open shortly, I’m certain the remaining three apartments will not be on the market for long,” he said.

The building’s façade is a bold, textured surface of fluted concrete panels, which guide flourishing plants and young shoots up the exterior.

Inside, natural light streams through floor-to-ceiling windows across natural stone surfaces and platinum-toned fixtures, with each of the residences fitted out with first class Smeg appliances.

At the base of the building, residents will be treated to coffee and eats by the café duo behind Thornbury’s Prior, in what will become their first south-side operation which is set to open in March.

The five-level apartment building is made up of 41 two and three-bedroom apartments and penthouses.

[smartcode_project:default project_id=4939 project_image_fid=195446]

In 2020, DealCorp made a last-minute change to the fourth floor of the project, allowing for additional penthouse residences, to meet the needs of growing demand for larger bayside apartments, as a result of Covid-19.

“We couldn’t be happier with how the project has come together and we’re sure our residents will enjoy living there and love becoming part of the McKinnon community,” Kobritz said.

[smartcode_project_cta: project_id=4939]

Designed by revered and distinctive design practice, Ritz and Ghougassian, MCKN has appealed largely to families wanting to live within the coveted McKinnon Secondary College zone, with the school consistently appearing amongst Victoria’s top performers.



DealCorp complete $30 million McKinnon apartment project, MCKN

Eligible homebuyers can now receive a contribution of up to 25 per cent towards the purchase price of their property in Victoria, reducing their minimum required deposit to five per cent and avoiding the need to pay Lenders Mortgage Insurance.

For eligible Aboriginal or Torres Strait Islander homebuyers, this contribution is up to 35 per cent and the minimum required deposit is three and a half per cent.

<h3>What is the fund?</h3>

The Homebuyer Fund is a shared equity scheme, meaning that the financial contribution from the Homebuyer Fund to the purchase price is made in exchange for a proportional interest, or share in the property.

As the value of the property changes, so too will the value of the Homebuyer Fund&rsquo;s interest in the property. This means the Homebuyer Fund will share in any capital gains proportionate to its interest in the property.

Participants can repay the Homebuyer Fund&rsquo;s interest in their property over time, including through refinancing, using savings, and must do so when the property is sold and in other circumstances.

<h3>Who&rsquo;s eligible?</h3>

To be eligible to participate in the Homebuyer Fund, buyers will need to meet a certain criterion, including like having saved the required minimum deposit of your property price, earn $125,000 or less per annum for individuals, or $200,000 or less per annum for joint applicants, and occupying the purchased property as your principal place of residence.

Buyers will need to meet all of the eligibility requirements and have an approved loan from a participating lender to be eligible for the Homebuyer Fund. Eligible participants must become registered owners of the property they buy.

<h3>What property is eligible toward the fund?</h3>

The property purchased must also be in Metropolitan Melbourne, Geelong or another eligible regional location within Victoria.

The property must be a standard residential property such as a house, townhouse, unit or apartment (vacant land is not eligible) and must be $950,000 or less in Metropolitan Melbourne and Geelong, or $600,000 or less in other eligible regional locations.

The purchase can be for an existing or new property, given a certificate of occupancy has been issued prior to the date of the contract of sale.

The property must also be vacant when purchased or, if under a lease, the lease must expire within 12 months of the acquisition date and the tenants must vacate the property.

<h3>So what&rsquo;s next?</h3>

Buyers will need to gather the required supporting documentation and approach a participating lender.

Once approval has been received for a compliant home loan from a participating lender, the lender will lodge an application for the Homebuyer Fund with the State Revenue Office.

If the application is successful, the buyer will then be granted provisional approval for the Homebuyer Fund, which means a contract of sale for an eligible home must be completed within six months. &nbsp;&nbsp;

Once the property has reached settlement, and as with most settlement transactions in Victoria, the contribution from the Homebuyer Fund will be provided via the independent Electronic Lodgement Network Operator (ELNO) workspace for the settlement of the property, unless alternative arrangements have been negotiated and agreed upon.

To find out more about the fund, visit the Victorian State Revenue Office online, <a href="https://www.sro.vic.gov.au/homebuyer-fund/applying-homebuyer-fund">here</a>.

The Homebuyer Fund is a shared equity scheme, meaning that the financial contribution from the Homebuyer Fund to the purchase price is made in exchange for a proportional interest, or share in the property.



What is the Victorian State Homebuyer Fund and how do I apply?

Recently we were invited to check&nbsp;out the progress the Mirvac team have made on their latest addition to Tullamore, Forme Apartments.

Construction is rapidly progressing, meaning there will be plenty of happy buyers getting ready to move to their dream home early to mid next year.

Hear an update from Mirvac Development Manager Harrison Hall, who has been closely monitoring Forme’s project timeline here at Tullamore.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/SoDyPkPpvfE" title="YouTube video player" width="660"></iframe>

There are still a limited range of properties available for sale in FORME, so now would be a great time to secure your place in this burgeoning community if you've been considering moving to Tullamore.

[smartcode_project:default project_id=100322 project_image_fid=163028]

Enquire today via Urban to learn more&nbsp;and stay tuned for future FORME, Apartment of Tullamore updates.

[smartcode_project_cta: project_id=100322]

&nbsp;

Forme Apartments by Mirvac construction update video in Tullamore, Melbourne

Recently I visited Wantirna, one of Melbourne's top 5 most liveable suburbs*, to view&nbsp;the display suite of Oz Property Group’s latest development, Kingloch Parade. The 51 townhomes showcase the design of an industry-leading team and a future-focused approach to sustainable living.

Watch our latest 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/mA_hsmGobdI" title="YouTube video player" width="660"></iframe>

<h2>KINGLOCH PARADE AT A GLANCE:</h2>

Address:&nbsp;56 Kingloch Parade, Wantirna 
Developer:&nbsp;Oz Property Group 
Architect:&nbsp;DKO Architecture, SLAB Architects

[smartcode_project:default project_id=90532 project_image_fid=183092]

Situated on the old Wantirna Heights School site at 56 Kingloch Parade, you're only a 30-minute drive from Melbourne CBD. The suburb of Wantirna offers plenty of established amenities, including parks, a shopping centre, education facilities and convenient access to the EastLink freeway. I love that Kingloch Parade homes are tucked away on a quiet site, away from the main road.

The project has undergone an extensive two-year community engagement phase, where Wantirna residents provided feedback on the look and feel of the homes.&nbsp;

Realm Landscape Architects designed a considered planting scheme to allow the development to seamlessly fit its surroundings – with extensive greenery and even a stream* running through development. Not only is it great to look at, but the blue-green spine will also offer passive irrigation, creating a sustainable and practical space for years to come.

[smartcode_project:default project_id=90532 project_image_fid=183093]

The feedback from locals also inspired the material selection – they wanted to see high quality, robust materials instead of light-weight cladding. DKO and SLAB architects incorporated a lot of brick for this reason.

Set to create a benchmark in green living, the development will hit 7 Star NatHERS energy ratings and will meet BESS Design Excellence.

A diverse range of flexible floorplans offer layouts to accommodate multi-generational living and working from home. All properties also feature mid-century inspired internal courtyards, which also help to add noise buffers within the home.&nbsp;

[smartcode_project:default project_id=90532 project_image_fid=183094]

The interior tones are light and earthy. Clean lines create a calm, relaxing environment with concealed storage ensuring the home is livable yet clutter-free. The kitchens feature 3 metre stone benchtops with SMEG appliances and a minimalist pendant light suspended above the island bench.&nbsp;

Bathrooms include floor-to-ceiling tiling, frameless walk-in showers, beautiful timber vanities and a built-in bathtub. The secondary bathrooms feature a unique bench seat, designed to assist people with mobility needs or provide a handy chair for families at bath time.

Discover Kingloch Parade while it's still a hidden gem. The pricepoint is akin to its competitors, but the future-focused design sets this development apart. Submit an enquiry via Urban to receive the information pack or to book your own appointment to view the display suite.&nbsp;

[smartcode_project_cta: project_id=90532]

Latest Victoria Property News

ALTA Property to deliver $200 million Queens Road apartment tower

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Victoria Property News

ALTA Property to deliver $200 million Queens Road apartment tower

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News