<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?

The former Fitzroy Gasworks site, one of the most prominent sites in the East Melbourne suburb, is set to become a huge new precinct.

The Andrews&nbsp;Labor Government is turning the former Fitzroy Gasworks site at&nbsp;433 Smith Street, Fitzroy North, into a new precinct, with more than 1,000 apartments, a sports centre, a community facility, underground car parking, options for bicycle parking and open space.

It also includes a new 650-student senior secondary campus for Collingwood College and Fitzroy High School, which has already been developed at the site and opened to students earlier this year. The apartments will be built with a strong focus on energy and water conservation, as well as waste management and transport solutions.

Around 200 will be Affordable Build to Rent, to provide high quality housing that will remain available as a rental for the long term.

Active forms of transport will also be encouraged, with all apartments to include two bike parks, as well as carshare options.

Fitzroy North is a diverse community in close proximity to schools, public transport and services, making it a highly desirable suburb to call home. The former Fitzroy Gasworks site is an important part of the area&rsquo;s industrial and social heritage. The registration of interest process is now open to deliver approximately 800 of the apartments at the site, as well as a retail component and commercial tenancies.

A final developer will be&nbsp;selected by the end of the year.

The project&rsquo;s development plan &ndash; which outlines the planning controls, policies and principles that will guide the design and construction of the site &ndash; was released for community feedback last year and has since been submitted for approval.

&ldquo;We&rsquo;re getting on with turning the Fitzroy Gasworks site into a vibrant new neighbourhood &ndash; with affordable housing options, a sports centre, more open space and a high school that&rsquo;s close to public transport &ndash; making it easier for locals to travel,&rdquo;&nbsp;Minister for Transport Infrastructure Jacinta Allan said.

&ldquo;It&rsquo;s great to see the project progressing &ndash; which will benefit the whole Fitzroy community, as well as create hundreds of local jobs.&rdquo;

The former Fitzroy Gasworks site at 433 Smith Street, Fitzroy North, will becomne a new precinct, with more than 1,000 apartments, a sports centre and a community facility



Fitzroy Gasworks site set for new precinct with over 1,000 apartments

The Trenerry Consortium has announced the acquisition of the historic, Burnham Beeches in Melbourne&rsquo;s Yarra Ranges. The transaction was managed directly with the former owners who will hand over the reins of the site&rsquo;s regeneration.

The consortium intends to engage early with the close-knit community of the Dandenong Ranges as an important first step in a holistic review of the master plan.

Placemaking agency Village Well has been appointed to assist with this process, leaning on their extensive experience with both public and private development projects.

&ldquo; We are pleased to be embarking on this regenerative journey with the local community and to be working on such a significant and unique site which is both locally loved and globally distinctive. Burnham Beeches is truly a one time one place offering,&rdquo; says Gilbert Rochecouste, Founder &amp; Managing Director of Village Well.

The property was sold with a permit in place for stage one of the redevelopment, which the consortium intends to proceed with, however it will be seeking input into the amenity and functioning of Burnham Beeches as part of the early community consultation process.

The immediate priority will be to work with Heritage Victoria and Council on a number of building orders to be urgently addressed across the site.

The Consortium has appointed Hamilton Marino, who are also the builders of The Continental Hotel, to complete the works.

The 56-acre site is home to a number of heritage buildings which are set to be restored as part of extensive works to breathe new life into the property, including one of Victoria&rsquo;s most significant art deco buildings, the renowned Alfred Nichols heritage mansion.

Investing in the experience economy is familiar territory for Trenerry, as it works to create a legacy of bringing Victorian heritage icons back to life.

The group recently acquired South Yarra&rsquo;s Poolman House with plans to convert it to a hotel and private members&rsquo; club, while also preparing to open Sorrento&rsquo;s $135 million Continental Hotel later this month.

On this latest venture, Trenerry Director Robert DiCintio said the opportunity to purchase Burnham Beeches was unpassable given its rich history and proximity to the centre of Melbourne.

&ldquo; We know there&rsquo;s a really strong community sentiment around Burnham Beeches and we want to work with Council and the community together with Heritage Victoria and Parks Victoria to ensure this is a place to be enjoyed for generations to come,&rdquo; he said.

&ldquo; There&rsquo;s a lot to work through even in this initial stage, and years of work ahead. We are both respectful and excited, if not somewhat daunted, by the journey ahead but I believe with the support of Burnham&rsquo;s passionate stakeholders together with our proven track record, we can see it operating in some capacity later this year.&rdquo;

The Consortium is made up of The Victor Smorgon Group, The Kanat Group and Trenerry Property. As well as South Yarra&rsquo;s Poolman House and The Continental in Sorrento, these proudly Victorian groups have been responsible for several other landmark projects - such as the West End Project in West Melbourne, Ebony at 347 Camberwell Road Camberwell and 88 Trenerry Crescent, Abbotsford.

The consortium intends to engage early with the close-knit community of the Dandenong Ranges as an important first step in a holistic review of the master plan.

Trenerry Consortium acquires historic Burnham Beeches 

Essendon, the cultural hub of Melbourne&#39;s north-west, is set for a new mixed-use residential and commercial apartment tower.&nbsp;

The $26 million development&nbsp;881 Mt Alexander Road is located within the&nbsp;Essendon Junction Activity Centre, adjacent to the Essendon Railway Station.

Essendon Junction is identified as the &ldquo;cultural, entertainment and transport hub of the neighbourhood.&rdquo;

<a href="/new-apartments/881-mt-alexander-road-essendon-vic-3040"><img alt="" height="934" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-14_at_10.57.32_am.png" width="1192" /></a>

The 17-level tower, designed by IN8 Architects,&nbsp;has&nbsp;an impressive, red brick,&nbsp;five-level podium, which will home glass shop fronts. The tower element of the proposal, from levels six and up, is set back, and has been created with darker coloured glazing, providing a contrast with the red-brick&nbsp;podium.

The tower has been designed so most apartments take in city views.

&nbsp;

In their Urban Context Report, IN8 suggest that the scale and design of the building will provide for a high-quality urban design outcome that reflects the strategic opportunities of the site within an activity centre.

<a href="/new-apartments/881-mt-alexander-road-essendon-vic-3040"><img alt="" height="962" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-14_at_1.13.49_pm.png" width="1428" /></a>

&nbsp;

&nbsp;

&quot;The development will provide for a new landmark form within Essendon and allows for the current under-utilised site to be developed appropriately in order to reflect the aspirations of the City of Moonee Valley and provide for commercial and residential opportunities in a strategic location well serviced by public transport, facilities and services.&quot;

The town planning report by GrayKinnane noted four reasons why the&nbsp;proposed development provides for an acceptable planning outcome and provides for a net community benefit:

- It provides for additional commercial uses and housing in a strategically appropriate location to assist in meeting housing objectives and providing for the efficient use of urban land;

- It provides for a landmark development of architectural excellence and responds to the urban design objectives of the Planning Scheme

- It provides for a development that minimise off site amenity impacts and provides for an appropriate level of onsite amenity of future occupiers;

- It provides for acceptable access from the Road Zone and appropriate vehicle access and parking

&nbsp;

&nbsp;

The $26 million development 881 Mt Alexander Road is located within the Essendon Junction Activity Centre, adjacent to the Essendon Railway Station

Essendon 100-apartment development plans lodged

Construction has begun on Shenfield Property Group&rsquo;s newest apartment project, Omnia in Moorabbin.

The development comprises just 34 apartments, designed to be larger than the average apartment offering on the market. In collaboration with Roger Brayshaw Architects, there&#39;s a mix of one, two and three-bedroom apartments, as well as eight four-bedroom townhouses.

[smartcode_project:default project_id=29048 project_image_fid=179239]

The Shenfield Property development defines modern comfort and style, with proportioned interiors, designed by Aldona Padjak, offering a range of floor plan layouts.

Every apartment on offer comes with a parking space. The smallest one-bed, one-bath apartments have a generous internal living space of over 52&nbsp;sqm. The two-bedders start from 78 sqm, while the three-bedroom apartments, which have two bathrooms and two parking spaces, start from 144 sqm and can reach 154 sqm of living space.

Noorden Property Director David Lamond, who is in charge of sales at Omnia, said owner-occupiers are choosing the development due&nbsp;to the large floorplans on offer.

&ldquo;We have larger apartments than&nbsp;what is available in the area&rdquo;, he said.

[smartcode_project:default project_id=29048 project_image_fid=179240]

The designs feature sleek forms and clean lines that are complimented by neutral finishes. Most of the apartments at Omnia face north, providing residents&nbsp;an abundance of natural light.

The apartments&nbsp;feature high-quality finishes, including concealed cabinetry, glass splash-backs in the kitchen, matte black tap-ware and integrated appliances, with each residence fitted out with plush carpet, engineered flooring and stone tiles, along with elegant full-wall tiles in the bathrooms.

[smartcode_project:default project_id=29048 project_image_fid=179245]

Adding to a growing number of green spaces within the area, Omnia&rsquo;s park frontage lays the foundation for its environmental consciousness. Featuring energy-efficient design, together with appealing gardens created by Wallbrink Landscape Architecture.

The pocket park next door to Omnia is also set to grow, after the&nbsp;City of Kingston Council&nbsp;has announced they will expand the current&nbsp;Healey Street Reserve pocket park to a larger space.

The new green space will feature open lawn areas, murals, tables with seating, and extensive landscaping with canopy trees. The new design&nbsp;incorporates water-sensitive Urban design principles&nbsp;and will also see the council plant&nbsp;new street&nbsp;trees.

Located at 4-6 Horscroft Place, Omnia is within close proximity to a wide range of schools, higher education, caf&eacute;s, shopping and numerous parks and reserves are at your doorstep, including RSEA Park &ndash; home of the St Kilda Football Club.

[smartcode_project_cta: project_id=29048]

The development comprises just 34 apartments, designed to be larger than the average apartment offering on the market

Construction starts on Omnia, Moorabbin apartments

The multi-billion dollar property developer GURNERTM has picked up a site in Geelong for its next mixed-use residential project.

Tim Gurner, founder of GURNERTM, has teamed up with the local&nbsp;property identity Dean Montgomery to&nbsp;transform a historic former wool store at&nbsp;20-28 Brougham Street, creating&nbsp;a sustainable mixed-use precinct with an activated ground plane, a hotel and urban gardens, and residential apartments above the hotel.

“We will be bringing an incredible 5-star hotel to this location, that will feature a retail and hospitality offering at the ground floor that will be reminiscent of Chelsea Market in New York," Gurner says.

“Sitting on top of the hotel will be a collection of large luxury owner-occupier residences for locals and downsizers."

The vision by Gurner and Montgomery will see&nbsp;the restoration of the heritage façade of the historic four-storey, red brick building. There will be a new&nbsp;ground-floor food and beverage precinct created, linking the new council offices to the nearby university by foot, as well as a 5-star hotel component and luxury residences in the upper levels, along with a carbon neutral target as part of GURNERTM’s ambitious Greener by Gurner initiative.

GURNERTM engaged Fender Katsalidis to realise the design vision for the site and will lodge an amendment to that permit in late 2022.

Gurner believes there is considerable future growth in the Geelong area.

“Geelong has always been Victoria’s quiet achiever, but now with the renewed regional push as many families consider regional locations, I believe Geelong’s market run hasn’t really even begun yet.

"Buyers are reassessing their lifestyle choices and are looking for affordable locations close to beaches with easy accessibility into the CBD, and Geelong ticks all those boxes and more.

“Regional tourism is set to flourish in the next few years, as holiday preferences change and regional destination such as Geelong continue to grow in popularity – the opening of new attractions, like the Spirit of Tasmania terminal in Geelong, will further drive this activity."

Gurner says the building will be fully carbon neutral,&nbsp;and will offer an environmental point of difference not seen in Australia to-date.

“This is one of the last remaining prime waterfront sites with north-facing water views so we are excited by the possibilities and what we can deliver to truly maximise this incredible location.

“We acquired the site with Dean with the intention to create a residential, commercial and hotel precinct and it is our intention to bring that to life, however if the planning changes make that difficult we will proceed with the existing office scheme."

“Geelong has always been Victoria’s quiet achiever, but now with the renewed regional push as many families consider regional locations, I believe Geelong’s market run hasn’t really even begun yet."

"Reminiscent of Chelsea Market in New York." Gurner's Geelong mixed-use precinct plans

Mirvac has achieved a sales landmark at its FORME apartment development, the last residential building to be created in the popular Tullamore masterplanned community in Melbourne&#39;s Doncaster.

FORME&nbsp;is the third and final apartment building at the Tullamore precinct which included Phoenix and Folia, which saw unprecedented levels of enquiry.

Construction is underway at FORME, with the first crane up and active.&nbsp;The installation of in ground services is complete, as is the basement slab and walls.

The ground level slab pour will begin next week.

<a href="/buildings/forme-57-stables-circuit-doncaster"><img alt="" height="894" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/forme_concrete_pour.jpeg" title="first concrete pour" width="1200" /></a>

Thoughtfully designed by Mirvac&#39;s award-winning in house design team, FORME has been inspired by the natural to create a collection of 92 residences, with a limited selection of one, two and three-bedroom apartments remaining.

Coinciding with the 50% sales update, Mirvac has announced an exclusive and limited time offer just for first home buyers. Just five eligible&nbsp;buyers will have be able to secure a&nbsp;one or two-bedroom Signature Collection with just a five per cent deposit.*

[smartcode_project:default project_id=100322 project_image_fid=163029]

Mirvac&nbsp;head of residential, Stuart Penklis says that the &quot;project demonstrated the ongoing demand for quality, well designed apartments supported by exceptional amenity.&quot;

Forme was designed by the&nbsp;Mirvac&nbsp;Design team to be set within sculptured gardens by landscape architect Paul Bangay with more than 30 per cent of the Tullamore precinct dedicated to green open spaces, including pocket parks, adventure playgrounds, undercover barbeque and picnic areas as well as walking and cycling tracks to encourage an outdoor lifestyle.&nbsp;

[smartcode_project:default project_id=100322 project_image_fid=163028]

On its launch,&nbsp;Mirvac&nbsp;design director Michael Wiener noted with more people now working from home,&nbsp;Mirvac&nbsp;incorporated study spaces in the majority of its two and three bedroom apartments.

Construction of FORME is expected to be completed by early-to-mid 2023.

*Terms and Conditions apply.

[smartcode_project_cta: project_id=100322]

The FORME project by Mirvac at Doncaster is over 50 per cent sold, a great achievement for the project that launched in July 2021.


Mirvac's FORME apartments in Doncaster over 50% sold as construction commences

As established prices rise, auctions get busier, and demand continues to outstrip supply, off the plan apartment developers are starting to see a new cohort of buyers coming through the door.

It&#39;s the flat and frustrated, tired of missing out at auctions and tired of spending their Saturdays at crowded open homes.

The award-winning developer Central Equity, HIA Victoria&#39;s most awarded apartment developer who has a completed portfolio of over 80 projects, has been fielding higher levels of enquiry than usual from these buyers for FOCUS, their new Southbank apartment development.

[smartcode_project:default project_id=3260 project_image_fid=62340]

Central Equity Marketing Manager Jeremy Vile&nbsp;puts it down to the fact FOCUS is completing this year.

&quot;There&#39;s prospective buyers out there who are just tired of going to auctions and watching properties blow out well above the price guide being offered,&quot; Vile said.

&quot;Over the years&nbsp;it&#39;s not been a huge segment of the market that off the plan apartment developers have been able to tap in to, given those buyers are looking for something ready to move in, rather than something that is forecast&nbsp;to complete in two or three years.

&quot;But what we&#39;ve seen at FOCUS, which is on track to be completed this year, is that buyers are willing to wait just that little bit longer and take away all the undue stress of buying established property at auction.&quot;

[smartcode_project:default project_id=3260 project_image_fid=62343]

Vile also notes that FOCUS has found itself in a sweet spot, where there is little competition in the Southbank area that is completing in 2022. Meanwhile the neighbourhood is expecting solid future growth for buyers.

&ldquo;Southbank&rsquo;s arts precinct has a $1.6 billion transformation on the way, with new gardens, public space and art features planned for the city&rsquo;s cultural hub. Plus Southgate has a $470 million redevelopment planned for new restaurants, bars and offices.&rdquo;

FOCUS will be a striking new addition to the city, with a Southbank location that grants residents access to the arts precinct within minutes. Live theatre, music, riverside dining and lush gardens are right at the doorstep.

[smartcode_project:default project_id=3260 project_image_fid=62317]

Between March 10 and March 20, Central Equity is hosting the FOCUS Open House event, where&nbsp;prospective buyers can take a private tour of recently completed apartments and fully furnished displays.

One, two and three-bedroom designs are on sale now from $499,000, with&nbsp;stamp duty savings up to $43,000.

[smartcode_project_cta: project_id=3260]

"There's prospective buyers out there who are just tired of going to auctions and watching properties blow out well above the price guide being offered," Central Equity Marketing Manager Jeremy Vile said.




FOCUS, Southbank apartment buyers attracted to "no auction, fixed price" approach

Neometro&rsquo;s meticulously crafted residences at Nine Wilson Ave are the result of a unique, curated approach to uniting architecture, interior design, engineering and construction.

There&#39;s only a handful of three-bedroom apartments in the building. Located on the top two levels,&nbsp;the larger apartments have been popular with local down-sizers who are considering selling their family home&nbsp;in the next few years, as well as up-sizers who are looking to find a new home for their growing families, some enquiring from previous Neometro projects.

[smartcode_project:default project_id=93019 project_image_fid=183948]

Apartment 603, which takes in extensive views from its north-facing, 42 sqm wrap around terrace, has a total frontage of 14.5 metres with two separate terrace areas.&nbsp;

Extensive full height stackable doors to the north and west open out to the terrace, access from the open plan&nbsp;living, kitchen and dining area as well as the master bedroom. A unique addition to this apartment is the full height, built-in bookshelf.

The master bedroom is north facing, with a private study desk and balcony, as well as an ensuite. The bathroom features both a shower and a bathtub, with operable windows allowing natural light and ventilation to filter through.

[smartcode_project:default project_id=93019 project_image_fid=192789]

The apartment, complete with two parking spaces, is priced at $1,495,000.

Apartment 607, another one of the oversized three-bedroom apartments, has the largest internal living space created in Nine Wilson Ave. Offering 131.2 sqm, the corner apartment provides a triple aspect, with views toward the city and beyond and has a living room frontage of 11.5 metres. It has been cleverly designed for the third bedroom to have the ability to transform into a second living room or home office.

The master bedroom in 607 features floor to ceiling glazing with large stackable doors, along with a spacious walk-in wardrobe and double vanity ensuite

Apartment 607 is priced at $1,450,000.

[smartcode_project:default project_id=93019 project_image_fid=192787]

The final remaining three-bedroom apartment is Apartment 602.

Also north-facing, Apartment 602 has an&nbsp;abundance of natural light and potential for cross-flow ventilation.

Priced at $1,395,000, the apartment features an east-facing master bedroom, which&nbsp;opens up to a separate, private terrace through large, glass sliding doors. It also features a walk-in wardrobe and ensuite.

[smartcode_project:default project_id=93019 project_image_fid=192788]

The main north-facing terrace is accessed from the main living space and has a 11.5 metre glazed frontage, as well as a separate study and separate laundry.&nbsp;&nbsp;

Nine Wilson Ave, the final piece in the Jewell Station Village&nbsp;redevelopment, is now over 40 per cent sold.

[smartcode_project_cta: project_id=93019]

Comprising 58 apartments and 15 Signature Lofts, Nine Wilson Ave features a range of thoughtfully-considered two and three-bedroom layouts with wide frontages and multiple aspects.

Inside Neometro's three-bedroom apartments at Brunswick's Nine Wilson Ave

The diversified national property development group, Goldfields, has bulked up its regional Victoria residential development pipeline, securing three adjoining sites in Shepparton.

Situated in the Shepparton South East Precinct Structure Plan (PSP), the largest of five proposed major growth corridors in the Shepparton-Mooroopna urban area, the newly acquired sites are set to become a masterplanned residential community comprising of approximately 450 lots (subject to council approval).

Located a stone&rsquo;s throw away from the Shepparton town centre, the estate will offer easy access to local primary and high schools, Coles and Woolworths supermarkets and retail favourites Bunnings and Kmart.

Future residents will also benefit from its proximity to the Shepparton Railway Station, with the Victorian Government&rsquo;s Stage 3 upgrade of the Shepparton Line due to commence this year. The works will deliver additional Shepparton to Melbourne rail services with a shorter travel time.

The acquisition further bolsters Goldfields&rsquo; commitment to investment in regional centres and follows their purchase of a <a href="/news/wa/goldfields-expands-into-wa-with-margaret-river-house-and-land-site-acquisition">400-lot, $8 million site in Margaret River, WA announced in February</a>.

Goldfields&rsquo; National Director of Communities, Paul Cicchiello, said the recent purchase of the residential sites in Shepparton reinforced Goldfields&rsquo; commitment to targeting strategic opportunities in Victoria&rsquo;s regional growth areas.

&ldquo;Demand for residential land across regional Victoria continues to grow, and Shepparton is no exception. It&rsquo;s experiencing significant population growth, which is supported by infrastructure investment from the Victorian and Federal governments,&rdquo; Cicchiello said.

&ldquo;Goldfields is excited to meet this demand to ensure Shepparton can continue to thrive. Our approach will deliver a functional, quality community that adds value and celebrate Shepparton&rsquo;s natural surrounds.&rdquo;

Goldfields&rsquo; Chief Executive Officer Lachlan Thompson said that the new project will provide an unrivalled offering, with quality amenities and green open spaces creating an attractive opportunity for first home buyers, families and investors alike.

&ldquo;These sites are perfectly positioned in the Shepparton South East PSP, providing residents access to an excellent array of amenities,&quot; Thompson said.

&quot;This new urban development will create an interconnected community with easy access to existing retail centres, extensive aged care accommodation, local parks and other community facilities.&rdquo;

&ldquo;Shepparton has a history of low rental vacancies and strong yields for investors. It&rsquo;s also more affordable than similar regions in rural Victoria, such as Ballarat and Bendigo, and these factors contributed to our belief in the area.&quot;

Construction is expected to begin in 2025.

Goldfields secure Shepparton masterplanned community site

The design-focused Melbourne developer,&nbsp;Neometro, is returning to the St Kilda area, securing a prime development site for almost $22 million.

The vast 5,008 sqm St Kil​da East site at 97 Alma Road was snapped up by Neometro just before Christmas.

Neometro director James Tutton said 2021 was a year of very significant growth for Neometro.

&ldquo;We made some major acquisitions and securing Alma Rd days before Christmas was the perfect icing on the cake,&quot; Tutton said.

&ldquo;We&rsquo;re very active on the northside &ndash; Brunswick, Northcote, Thornbury, Fitzroy etc. We&rsquo;ve got a long history in the southside too and we&rsquo;re looking forward to getting back there.&quot;

Neometro will run a design competition with a number of architecture firms before confirming who will design the project, which at this stage is expected to yield apartments and townhouses, given the size of the site.

&quot;We think we&#39;ll be able to deliver beautiful park fronting apartments and&nbsp;beautiful green townhouses ranging in size - some more of a family home, some more suited to couples,&quot; Tutton said, adding that there will be a nice variety of sizes on offer.

<a href="/new-apartments/97-alma-road-st-kilda-east-by-neometro-97-alma-road-st-kilda-east-vic-3182"><img alt="" height="768" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-03_at_10.58.13_am.png" width="1296" /></a>

It&#39;s a return to the St Kilda area for Neometro, whose last development was Harper Lane, completed in 2013 on St Kilda&#39;s Inkerman Street.

&quot;We&#39;ve been extremely active on the north side of Melbourne, but we&#39;ve been looking for a while for a site that provided a platform for us to come back,&quot; Tutton said.

&quot;Our view is that the quality of development on the Northside has been really really good, and the Southside just hasn&#39;t been the same level of quality - particularly around the St Kilda East area, so we thought it would be a great opportunity to up the ante in terms of development south of the river.&quot;

The highly sought after site, dubbed Saint Alma, which is currently occupied by&nbsp;a commercial building and two all-weather sports fields which is leased to Fitness First until 2024,&nbsp;was popular among developers.

Colliers agents Peter Bremner, Jozef Dickinson, Trent Hobart and Ted Dwyer secured the sale.

Bremner said Saint Alma represented the ultimate inner-city opportunity, being directly opposite beautiful parkland in a prime bayside location all within walking distance to chic and popular Windsor.

The site is directly opposite Alma Park and has easy access to all modes of public transport and major arterial roads including Windsor and Balaclava Train Stations and Dandenong and St Ki​lda Road trams.

Neometro is currently selling Nine Wilson Ave, their final apartment project in Brunswick&#39;s Jewell Station Village,&nbsp;a multi-stage development that began back in 2016.

[smartcode_project:default project_id=93019 project_image_fid=183948]

Over 35 per cent of the 73 apartments on offer have been snapped up over the traditionally quiet Christmas holiday period.

Designed by&nbsp;Neometro&rsquo;s long standing collaborators, MAArchitects, and local&nbsp;landscape designers Mud Office, Nine Wilson Ave will comprise a range of one, two and three-bedroom apartments, as well as the lofts.

[smartcode_project_cta: project_id=93019]

Neometro director James Tutton said 2021 was a year of very significant growth for Neometro

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