<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?

Toorak is one of Melbourne’s oldest suburbs, and one of the most affluent and prestigious.

Home to some of Melbourne’s most prestigious private schools, proximity of train, tram and bus stations, in addition to high-end fashion, entertainment and dining precincts, Toorak offers a superb family lifestyle.

But runaway house prices has seen the median reach $5.38 million, according to REA Group data, which has seen prospective home buyers wanting to live in the exclusive suburb head in to the off the plan apartment market.

Urban has taken a look at the top six off the plan Toorak apartment projects&nbsp;currently on the market.

1. Euroka Toorak 

Developer: Sun Property Group

[smartcode_project:default project_id=109759 project_image_fid=185211]

The Sydney-based developer, Sun Property Group, are&nbsp;breaking in to the Melbourne apartment market with Euroka.

Euroka, at 5 Brookville Road, is inspired by Melbourne’s iconic Roy Grounds House – once home to one of Victoria’s most influential modern architects.

The renowned architect and design firm, Carr Design, has created the 10 luxury apartments, which features a robust form, with a gallery-like, three-tiered elevation. Each apartment has been designed with a unique aspect across the three levels.

[smartcode_project:default project_id=109759 project_image_fid=185215]

The theme of Euroka is ‘welcome to the light’, with the developer given permission from the Aboriginal Council, Wurundjeri Woi Wurrung Cultural Heritage Aboriginal Corporation, to use the name.

The body of water on arrival to the residences creates a welcoming arrival, leading to a light-filled atrium entry, incorporating landscape design in conjunction with Acre Studio.

[smartcode_project:default project_id=109759 project_image_fid=185212]

The apartments at Euroka are generously sized, with a three-bedroom floorplan measuring around 160sqm. The project will have two penthouses, each with an expansive floor plan measuring 260 sqm.

Construction on Euroka is expected to be completed by June 2023.

2. Ode 

Developer: Fortis

[smartcode_project:default project_id=24802 project_image_fid=73128]

Ode has been designed to contribute to the future narrative of Toorak. The building comprises four-levels designed by Ewert Leaf, with six half-floor residences crowned by a full-floor penthouse.

Imported European white Morada bricks have been used throughout, contrasted by cascade planting. Durable materials also feature in&nbsp;the interiors, with natural stone slabs, hard-wearing timber floorboards and wool broadloom carpet.

[smartcode_project:default project_id=24802 project_image_fid=73129]

The development by the well regarded developer Fortis sits within 500 metres of Toorak Road Tram Station, Toorak Village, St Catherine’s School, St John’s Anglican Church and a range of shopping, dining and entertainment precincts.

Three-bedroom offerings with differing floorplans are still available in Ode.

3. ADA Toorak 

Developer: Buxton Projects

[smartcode_project:default project_id=92806 project_image_fid=175567]

A curated collection of 22 private residences in the heart of Melbourne’s most sought-after suburb, ADA is the vision of Buxton Projects, Conrad Architects and Jack Merlo.

ADA’s distinct sculptural form is complemented by lush, layered landscaping that grounds the façade at street level.

With an offering of three-bedroom and three-bedroom plus options, each residence benefits from large, open courtyards and terrace configurations, along with penthouse and city skyline vistas.

[smartcode_project:default project_id=92806 project_image_fid=175568]

Three-bedroom apartments are still available in ADA Toorak, which is set to be completed by mid-2022.

4. Edition 

Developer: Samuel Property

[smartcode_project:default project_id=13991 project_image_fid=36399]

Samuel Property, Cera Stribley Architects and Jack Merlo have teamed up in the creation of the Edition residences, developing a single building envelope that encompasses three individual residences of varying size and philosophy.

The architectural design rethinks conventional apartment floor plans to present residences that boast size, functionality and detail.

[smartcode_project:default project_id=13991 project_image_fid=36401]

Edition No.1, The Arc Residence, is a single level residence inspired by the winding banks of the Yarra River.

Edition No. 2., The Botanic Residence, is a two-level home with an inherent connection to its tranquil, leafy environment. Architecture defies standards, removing the barriers between inside and out, to reintroduce nature and modern life in a uniquely luxurious way. Inspired once again by the winding banks of the Yarra River, curved, flowing hallways, staircase and sculpted forms connect the spaces.

Edition No. 3., The Sky Residence, has the distinction of a privately commissioned home. Designed to encompass the two topmost levels of the building, it has living zones across two floors, fireplaces, a pool and spa, expansive terraces and an abundance of windows that allow natural light to filter through.

[smartcode_project:default project_id=13991 project_image_fid=36410]

5. The Mill Residences 

Developer: Delta Property Group

[smartcode_project:default project_id=25471 project_image_fid=56794]

The Mill Residences bring a timeless five-storey stone and metal apartment building to Malvern Road.

Developed by Delta Property Group, The Mill is suited to owner-occupiers and families. Designed by the award-winning CHT Architects,The Mill Residences feature&nbsp;luxury apartments up to 266 sqm to terraces up to 240 sqm.

Stepping inside the five-storey stone and metal apartment building from Malvern Road, residents enter to a lobby leading to an internal landscaped walkway. Serviced by two elevators with security card access and CCTV, 15 three-bedroom&nbsp;apartments feature open plan layouts, large balconies and extensive double-glazed windows.

[smartcode_project:default project_id=25471 project_image_fid=56798]

A full-time manager assists in residents requirements and maintains the building, which includes a&nbsp;private gym and pool.

All residences come with two basement car parking spaces, plus access to visitor spaces, private storage room and bicycle racks. The penthouses come with three car garages.

The building employs all the latest technologies such as biometric fingerprint access to all common areas and residences, number plate recognition carpark access, advanced CCTV, video intercom with phone app integration, and electronic parcel lockers.

[smartcode_project:default project_id=25471 project_image_fid=56799]

Hamish Guthrie, Director at Hecker Guthrie spoke on the design of the tower, noting its timelessness and durability.

“A classic design with a soft, neutral palette that is less about fashion and more about creating a space that will stand the test of time” he said.

Nine townhomes comprise integrated living over three storeys, with full floor master suite and terrace on the top level looking out to panoramic city views.

Eight townhomes occupy two storeys, with a lower level media room (including projector screen and surround sound package) with optional glass elevator connecting all three levels.

[smartcode_project:default project_id=25471 project_image_fid=56800]

The terraces feature private basement garages and inclusions such as a biometric locking, BOSCH Alarm system and SOMFY remote controlled power blinds in living areas.

Construction has commenced on The Mill Residences, where a mix of three and four-bedroom residences are still available.

6. Avant Garde

Developer: Bravo

[smartcode_project:default project_id=109143 project_image_fid=182115]

Avant Garde, delivered by Bravo, is a boutique development of eight residences, including a whole floor penthouse, built over four levels; The Garden Residence, Terrace Residences, Views Residences, and The Penthouse.

The apartments have been designed by the renowned Bruce Henderson Architects and Jack Merlo Design Landscaping.

Complemented by a shared fitness centre and a resident’s lounge, the residences benefit from high-ceilings and open-plan living areas.

[smartcode_project:default project_id=109143 project_image_fid=182117]

Highly-equipped, Italian made kitchens are centrally located, with ample storage and European appliances, including built-in fridges, wine storage, ovens and cooktops.

Bravo noted the importance of creating a sustainable lifestyle in their development design vision&nbsp;stating,

“To contribute to sustainable living by installing thermally insulated double glazed windows, making allowances for solar panels and electric vehicle charges to be installed for each apartment, a large water tank for the luscious gardens, and sustainably harvested timbers for our flooring.”&nbsp;

[smartcode_project:default project_id=109143 project_image_fid=182121]

A fully enclosed store room and basement carpark is also provide for each apartment, including a bicycle storage space.

Located in the residential heart of Toorak, Tintern Avenue is a leafy avenue that takes the form of a crescent, beginning and ending at Toorak Road.

Two and three-bedroom apartments are still available for Avant Garde.

Home to some of Melbourne’s most prestigious private schools, proximity of train, tram and bus stations, in addition to high-end fashion, entertainment and dining precincts, Toorak offers a superb family lifestyle.



Toorak's top six apartment developments to buy into

There are just five townhomes available in Filmore Terraces collection, which are already well under construction.

They will be a short walk to the completed&nbsp;Highlands Shopping Centre in the award-winning estate, which is already home to over 11,000 families.

The townhouses, which are all priced from $549,000, each have different floorplans, ranging from over 180 sqm of internal living space to over 200 sqm.

Each will have four bedrooms, three bathrooms, and a garage parking space. The townhouses offered by Stockland in Highlands all have three bedrooms.

The price-pointed opportunity values the land of Filmore Terraces around $40,000 more affordable than the land is valued across the rest of Highlands Estate, which&nbsp;won the Property Council of Australia&nbsp;National Award 2015 for Best Masterplanned Community, and also won the UDIA National Award 2013 for Best Masterplanned Residential Community.

There's further growth anticipated for the area, with Stockland recently acquiring a neighbouring 12.3 hectare site which will offer enough space for another 180 houses and will see the&nbsp;Victorian government build a new primary school.

Infrastructure is already well in place, with more than 30 different schooling options across Highlands, from early education childcare to secondary schools. There's also a number of sporting facilities for&nbsp;tennis, cricket, swimming, athletics, netball, and even softball, with a number of clubs already in operation. Locals also get involved in the popular Park Run, the 5km fun run every week.

&nbsp;

There are just five townhomes available in Filmore Terraces collection, which are already well under construction.

Townhomes in Stockland's award-winning Craigieburn masterplan community, Highlands

Metro Melbourne had over 21,000 land sales in 2021.

It was more than at the peak of the market in 2017, according to the latest report from Red23.

The Western corridor had the highest share of new land sales in Melbourne with 41% of the sales made in Wyndham and Melton areas, where stock availability is also at the highest.

&quot;This was followed by the northern corridor comprising of Hume, Whittlesea and Pt. Mitchell with 25% of the market,&quot; Red23 managing director Terry Portelli&nbsp;noted.

The south east corridor sat at 22%. &nbsp;

<img alt="" height="540" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-09_at_10.12.12_am.png" width="685" />

But the fourth quarter of 2021 saw land sales fall 24% in comparison to the third quarter 2021 and 49% less in comparison to the first quarter of 2021 when sales were at its highest level.

The median land price in metropolitan Melbourne increased by 11% in the last 12 months, 9% in the last 6 months and 2.29% in the last month.&nbsp;

All municipalities increased in price over the last 30 days except for Whittlesea, falling back slightly.&nbsp;

Hume had the highest increase of 6.77% due to an increase in its median land size from 394sqm in November to 400sqm in December. Hume is a strong market where stock availability is at its lowest in more established areas around Mickleham and Greenvale and high demand for a variety of land sizes in Sunbury.

Greater Geelong had the highest year on year increase due to the pandemic. Prices increased 37% whilst the median land size remained unchanged. Approximately 5,500 sales were made in 2021 with the peak being in the second quarter 2021.&nbsp;

<img alt="" height="756" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-09_at_10.12.18_am.png" width="1043" />

&quot;Numbers dwindled towards the end of the year as stock availability fell,&quot; Portelli noted. 
&nbsp; 
Early 2022 is expected to continue 2021&rsquo;s success, he said, noting the economy remaining open, employment growth is at a healthy rate of 2.7% and the unemployment rate is below 5%.&nbsp;

He did note that consumer sentiment remains positive and has improved in January 2022 &quot;however, it is still significantly lower than at its peak in November 2020.&quot;

Active house and land projects in the Melton municipality include Harmony Estate at Strathtulloh, a suburb in the outer west of Melbourne.&nbsp;

[smartcode_project:default project_id=28717]

The suburb was gazetted in February 2017, following a proposal for eleven new suburbs by the City of Melton.

Late last year Harmony&#39;s stage 6 new land release was launched with the marketing advising the estate provided &quot;easy access to the M8 Freeway, train stations and all the neighbouring amenities, without the premium price tag.&quot;

It came just after the titles for stages 1, 1A and 2 were settling mid-year. Stage 4 titling was scheduled for January 2022.

Recent sales include a 448sqm block at $310,000.

Burbank has been offering house and land packages around $670,000 in its Strathtulloh offerings.

Lendlease is undertaking Atherstone, a masterplanned community positioned 40kms west of Melbourne&#39;s CBD and home to the future Cobblebank CBD.

[smartcode_project:default project_id=28710]

It offers buyers the flexibility to choose their own builder and home design after buying a block or alternatively choosing from one of the houses for sale in Atherstone.

Projects in the second busiest municpipality include Urban Square at Jubilee at 774 Ballan Road, Wyndham Vale by Jubilee.

Purchasers are encouraged to start building their homes within 12 months of settling on their block, with homes to be completed within 12 months of construction commencing.

For buyers seeking new builds, construction is underway at Onyx Estate, set for completion in late 2022, by the Heiyu Groups.

It is a series of two and three-bedroom townhomes in an established part of Tarneit, west of Melbourne.

Established in 2014, Heiyu Groups has undertaken 28 projects.

The Casey muncipality in the south east corridor has around 20 percent of sales, and the dearest median land price at $419,000. The nearby suburb of Berwick is seeing significant housing construction headlined by Alira, the nearby master-planned housing estate at 322-340 Centre Road, Berwick.

With pricing from $530,960, Alira is a collection of townhomes, and house and land, popular with first home buyers, growing families or downsizing families.

Whittlesea is the next busiest precinct with ASX-listed developer Cedar Woods having recently opened a new sales office for its 64-hectare Mason Quarter masterplanned community in Wollert following a surge in demand for property in Melbourne&rsquo;s north.

Mason Quarter will accommodate over 800 dwellings and is located just 25 kilometres from the Melbourne CBD.

According to Cedar Woods&rsquo; Chief Operating Officer, Patrick Archer, land lots continue to sell out soon after each release.

Located on Craigieburn Road in Wollert, Mason Quarter is designed around new and existing amenity. The development includes plans for two schools, a community facility and is located within walking distance to the future Wollert town centre. The project is also in close proximity to the Hume Freeway, Metropolitan Ring Road, hospitals, shopping centres and public transport.

Mason Quarter will be delivered over the next eight years with large 368m2 land lots now selling from $397,500, subject to availability.

Wyndham and Melton areas is also where stock availability is at the highest

jchancellor-FAypfDUnLy

Melton and Wyndham dominate record Melbourne land sales for new housing: Red23

The innovative Melbourne property developer, Assemble Communities, whose unique pathway to home ownership has already helped thousands get on the property ladder,&nbsp;has secured planning approval for its 199-apartment Build to Rent to Own development, 15 Thompson Street in Kensington.

Australian superannuation fund, AustralianSuper, will invest in the project, providing a pathway to home ownership for moderate-income buyers.

The super company purchased a 25 per cent share in Assemble Communities in June 2020 and has an option to invest in Assemble&rsquo;s future pipeline of projects that encourage home ownership through the developer&rsquo;s innovative Assemble Futures (or Build to Rent to Own) housing model.

[smartcode_project:default project_id=28968 project_image_fid=80125]

Construction firm, Hacer Group has been awarded the contract to deliver the Kensington project valued at $190m, designed by Hayball with landscaping by Oculus.

Assemble Managing Director, Kris Daff said the support by the government, planning authorities and its cornerstone investor demonstrates confidence in offering Australian&rsquo;s diverse affordable housing choices.

&ldquo;Kensington is a highly prized inner-city location, and this approval unlocks access to design-driven, sustainable and community-oriented apartment living for Melbournians,&rdquo; said Daff.

Demolition is now complete at 15 Thompson St, Kensington and construction is scheduled to commence by April this year.

[smartcode_project:default project_id=28968 project_image_fid=80128]

The approval cements Assemble as an impact-focused Australian housing development business which holds a significant $3 billion privately funded social and affordable rental housing portfolio&mdash;the largest of its kind in Australia.

Its existing pipeline with 5,000 dwellings will inject $1 billion of construction activity into Victoria&rsquo;s economy alone and create 8,000 construction jobs.

Hacer Group Director General Manager, Mark Lewis spoke on the significance of the milestone and the impact it has on the future of affordable housing.

[smartcode_project:default project_id=28968 project_image_fid=80126]

&ldquo;We are eager to break ground on this project and bring the Assemble vision to life by giving more people the chance to live sustainably&rdquo; he said.

Assemble has several Build to Rent to Own projects underway with 393 Macaulay Road, Kensington scheduled for completion by May this year&nbsp;and 4 Ballarat Street, Brunswick to commence construction as soon as a planning permit is secured.

The developer also acquired the site at 402 Macaulay Road, Kensington in early 2021 which will be transformed into a 370-apartment Build to Rent community.

[smartcode_project_cta: project_id=28968]

Australian superannuation fund, AustralianSuper, will invest in the project, providing a pathway to home ownership for moderate-income buyers.



Assemble Communities secures approval of Kensington apartment project

The top advised weekend Melbourne auction sale was when a boutique townhouse development site sold for $3.4m at Chadstone.&nbsp;

The double block Fitzroy Grove offering had come with a $2.85m to $3.05m price guide from Jellis Craig Monash agent Stephen Huang.&nbsp;

The 1,920 sqm site came with permits for six townhouses with potential city views.&nbsp;

Recent single townhouse sales have been at over $1.1 million, showing price growth since completion.

The weekend site offering had been consolidated after 4 Fitzroy Grove had been bought for $1,292,000 in 2019.

2 Fitzroy Grove - which is the larger of the blocks at 1034sqm - had been bought at $1,558,000 in 2019.

The address had been marketed as the perfect foundation for an innovative multiple townhouse site, capitalising on potential City views from an upper level (STCA).&nbsp;

It is located, walking distance to Jordanville train station, Jordan Reserve, Riversdale Golf Club and minutes to Chadstone shopping centre and Holmesglen TAFE.

Chadstone, known as the fashion capital because of the famed shopping centre, returned to having a $1 million median for houses early in the pandemic.

Recent townhouse sales included a four bedroom, two bathroom townhouse at 3/19 Atkinson Street which fetched $1,187,500 at January auction through Ray White agent Bill Gianidis.

It was a 2019-built executive residence in a coveted development having first sold at $950,000 in 2018.

There were three townhouses offered off the plan in the project.

The marketing noted there is a generous living area which can also be used as the perfect home office.&nbsp;

&quot;There is an abundance of good schools including Malvern Valley Primary, Salesian College and Huntingtower nearby, nature reserves and a world of dining destinations,&quot; it noted.

A popular boutique townhouse project was completed in 2019 at 7 Churchill Avenue, Chadstone by Auspacific Property with its prices starting from $1,060,000. The seven townhouse complex has been tightly held since completion.

Major developers have sought larger scarce infill sites in the city&#39;s leafy east and south-east, including Frasers Property Australia with a mix of apartments and townhouses at the Brickworks site in Burwood and Mirvac with its Tullamore project on the site of the former Eastern Golf Club in Doncaster.

In 2020 developer Golden Age, led by Jeff Xu, bought a 1.65-hectare Glen Waverley residential site close to Chadstone Shopping Centre, with plans for 100 townhouses.

The Golden Age site at 583 Ferntree Gully Road has yet to hit the market.

The 1,920 sqm site came with permits for six townhouses with potential city views. 

Chadstone townhouse site tops Melbourne weekend auction results

Kingsman Developments have delivered a great range of house and land packages in the Victorian suburb of Wallan at its new masterplanned community, Wallanbrae Estate.

As the fastest growing and now largest town in the Shire of Mitchell, Wallan blends rural living with urban pleasures as a future high growth area in the Northern suburbs.

[smartcode_project:default project_id=28608 project_image_fid=155432]

The suburb is located 45 minutes from Melbourne and just 10 minutes from the regional centre of Kilmore, supported by an easy, comprehensive, bus route.

Wallanbrae allows homeowners to create a home to suit their lifestyle and join a strong community of passionate locals, smartly suited for families.

&ldquo;Wallanbrae families are presented with the best of the Northern suburbs with quality schools, childcare, transport, doctors and community centres&rdquo;, the project marketing reads.

Nearby, an abundance of parks, playgrounds and reserves connect residents to the outdoors, while access to the Wallan Township and main shopping strip on High Street is minutes away.

[smartcode_project:default project_id=28608 project_image_fid=155433]

The estate will feature a range of four-bedroom house configurations and land packages from 375sqm, boasting affordable contemporary homes and plenty of choice.

&ldquo;Our designs are created around providing a practical and liveable home for Australian family life&rdquo;, Kingsman Developments said.

The developers will provide a full turn-key home so residents can move in straight away, including site works, front and rear landscaping, driveway and fencing, stainless steel appliances and a six-star energy rating.

Buyers will only be required to place a 10 per cent deposit until the completion of their home.

[smartcode_project_cta: project_id=28608]

As the fastest growing and now largest town in the Shire of Mitchell, Wallan blends rural living with urban pleasures as a future high growth area in the Northern suburbs

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Four-bedroom homes under $500,000 at the new masterplanned Wallenbrae Estate in Mitchell Shire

The largest private construction project to begin in Melbourne since the beginning of the pandemic has officially commenced as construction begins on Riverlee&rsquo;s Seafarers mixed-use hotel and apartment development.

This exciting milestone was marked with a groundbreaking ceremony on Thursday, attended by Lord Mayor of Melbourne, Sally Capp.

Icon Construction was appointed as the builder on the $500 million development in January.

[smartcode_project:default project_id=27728 project_image_fid=173914]

&ldquo;The groundbreaking ceremony is an exciting milestone for the development and we&rsquo;re looking forward to bringing this world-class destination to life&rdquo;, Icon Construction CEO Evan Byrne said.

Situated between the CBD and Docklands, Seafarers will comprise 120 luxury hotel-branded residences atop 277 guest rooms, as part of Australia&rsquo;s first 1 Hotel &amp; Homes.

Riverlee&#39;s Development Director David Lee said the&nbsp;family is proud to have reached this stage following a 10-year journey of developing our vision that truly brings together the surrounding urban fabric and steers Northbank into an exciting direction.

[smartcode_project:default project_id=27728 project_image_fid=173917]

Colliers also noted the project had the highest level of enquiry over the Christmas and New Year period, and have secured&nbsp;$30 million in sales and reservations&nbsp;since October.

Limited two and three-bedroom residences remain at the development, which has been designed by Fender Katsalidis Architects.

With the retention of the heritage-listed Goods Shed No.5, Seafarers will also encompass Melbourne&rsquo;s newest 3,500 sqm public park, Seafarers Rest to provide open space to users, residents and visitors of the Northbank precinct.

[smartcode_project:default project_id=27728 project_image_fid=173929]

&ldquo;We welcome this significant development in our city,&quot; Lord Mayor Sally Capp added.

&quot;The Seafarers project complements City of Melbourne&rsquo;s game-changing transformation project Greenline, which will revitalise and renew Northbank.&quot;

Construction at Seafarers and Seafarers Rest is slated for completion in mid-2024.

[smartcode_project_cta: project_id=27728]

Situated between the CBD and Docklands, Seafarers will comprise 120 luxury hotel-branded residences atop 277 guest rooms, as part of Australia’s first 1 Hotel & Homes. 

Construction commences at Riverlee’s $550 million Seafarers development at the emerging Northbank precinct

There are signs of recovery in Melbourne&#39;s inner-ring apartment market as a shift back to living in the city is becoming evident, according to PRD Research.

Investor confidence will be restored as rental demand is starting to increase in the inner-ring, and will be further pushed up with the opening of international borders, it noted.

Inner-ring vacancy rates are showing signs of improvement, declining by 3.4% annually.&nbsp;

The Q4 2021 median rental price in the inner ring is $410 per week, up $10, equal to the middle ring&#39;s $410 per week and slightly higher than the outer ring at $400 per week.

Three bedroom units in the inner-ring fetched the highest rent at $695 a week&nbsp;while 1 bedroom units in the inner and middle rings are the most affordable at $320 a week.

The report noted the inner-ring median was $586,000, it was $665,000 in the middle suburbs and $658,000 in the outer ring.

The report calculated the &nbsp;2017-2021 price growth in the inner ring was 3.2% (+$18,000).

The middle ring growth was 12.7% (+$75,000) with the growth highest in the outer ring - up 14.4% (+$83,000).

The time to sell the establishment apartment has declined in the past 12 months which shows signs of recovery with little difference in average days to sell between all rings at around 50 days.

The Melbourne market update report divides the city into the inner-ring (0-5km from the city), middle-ring (5-10km from the city) and outer-ring (10-20km from the city).

It noted middle and outer-ring unit prices continue to outpace that of the inner-ring, with the middle-ring now the most expensive.

But inner-ring unit median prices are starting to see higher growth &quot;which is great news for vendors looking to sell in this current market,&quot; it said.

The inner ring off the plan inner city offerings include the Carlton project, Encompass.

[smartcode_project:default project_id=5116 project_image_fid=188280].

The pricing at the 8 Elgin Street, Carlton project starts from $422,500.

There will be 115 residences in the project which has an estimated mid-2023 completion date.

Encompass is the latest residential project from Frasers Property and Citta Property Group.

[smartcode_project:default project_id=5116 project_image_fid=188286]

Neometro has seen recent sales success at Nine Wilson Ave, their final apartment project in Brunswick&#39;s Jewell Station Village.

Over 35 per cent of the 73 apartments on offer have been snapped up over the traditionally quiet Christmas holiday period.

[smartcode_project:default project_id=93019 project_image_fid=183948]

For a limited time Lendlease is offering no stamp duty for eligible buyers at Melbourne Quarter&rsquo;s East tower.

One-bedroom apartments are priced from $446,000, with two-bedroom apartments starting from $607,000.

[smartcode_project:default project_id=3459 project_image_fid=179455]

Encompass is the latest residential project from Frasers Property and Citta Property Group

Melbourne inner ring apartment market in recovery: PRD Research

Keysborough,&nbsp;south-east of Melbourne,&nbsp;is well-known for its sprawling parkland&rsquo;s, picturesque wetlands, sporting amenities, and prestigious schools.

The suburb&nbsp;has been attractive for young families seeking larger homes just outside of Melbourne, given its accessibility&nbsp;to the CBD through the nearby Eastlink freeway.

There&#39;s also the&nbsp;Mordia​lloc Promenade, another hit with&nbsp;families.

Townhomes are much more sought-after in the suburb, with an attractive price point allowing younger first home buyers to get a foot on the ladder.

Urban has had a look at the best townhouses on the market in&nbsp;Keysborough.

<h2>1. The Woodlands </h2>

21-23 Loxwood Ave, Keysborough 

Developer: Aultun Group

The Woodlands, at 21-23 Loxwood Avenue, is a premium development of 42 three and four-bedroom townhouses, which have been designed with families in mind.

[smartcode_project:default project_id=108775 project_image_fid=179327]

One third of the two-level houses are already sold. The homes feature a&nbsp;colour palette of greys with timber accents across the facades. They will have high-windows to maximise natural light

The Woodlands is being developed by Aultun Group, who have a strong reputation for townhouses, both locally and closer to Melbourne.

[smartcode_project:default project_id=108775 project_image_fid=179331]

Backing onto parklands, The Woodlands is within close proximity to an array of amenities such as Mordialloc beach, Parkmore Shopping Centre, with easy access to East Link and Dingley Bypass.

Keysborough South Primary school is also nearby, along with Haileybury College and Lighthouse Christian College, making this the perfect family location

<h2>2. Haven Townhomes </h2>

42 Homeleigh Road, Keysborough&nbsp;

Developer: Aultun Group&nbsp; |&nbsp; &nbsp;Architect: Cera Stribley Architects

Nestled within an established residential neighbourhood, Haven is a collection of 59&nbsp;townhomes, offering three&nbsp;and four-bedroom configurations.

Around 80 per cent&nbsp;of the first stage of Haven is already sold, with just a handful of&nbsp;three-bedroom townhouses still available.

[smartcode_project:default project_id=8082 project_image_fid=59637]

Another developed by Aultun Group, Haven Townhomes have been designed&nbsp;to respond to the needs and desires of its residents. The townhomes are part of a unique waterside estate and has been designed by Cera Stribley Architects to provide high quality living for its&nbsp;residents.

Placed within a prominent yet secluded area, Haven sits amongst park lands and wetlands, as well as sporting and education facilities, shops, services, as well as extensive roads and transport connections.

[smartcode_project:default project_id=8082 project_image_fid=59634]

A contemporary palette of greys with timber accents across the interchanging facades feature throughout the homes. Haven interiors have been designed with a focus on function, space and high-design with kitchens featuring oversized islands, European appliances with gas cook tops and abundant storage and prep zones.

Haven Townhomes also features stone bench-tops and splash backs across both colour schemes offered, and oak timber flooring through the kitchen and living areas in all residences.

Located 40 minutes from the heart of the city and 8 minutes from Melbourne&rsquo;s bayside, residents of the Haven Townhome&#39;s benefit both inside and out of the home.&nbsp;

<h2>3. Calibre </h2>

199-209 Chapel Road, Keysborough

Landing in the heart of Keysborough comes Calibre, a series of architecturally designed residences.

On the cusp of the area&#39;s pristine wetlands and far-reaching parklands, these residences enjoy both amenity and natural surrounds, right at the foot of the door.

[smartcode_project:default project_id=89565 project_image_fid=158059]

A mix of two, three and four-bedroom homes are on offer at Calibre with each residence exhibiting its own unique distinguishable character while also blending seamlessly together.

Calibre&rsquo;s homes are a distinct reflection of the flourishing, dynamic and multicultural hub that they are situated in, with each residence having upgradable options they come fully equipped with premium appliances, a large walk-in-pantry and cleverly integrated storage throughout. While most of the residences have living spaces on the ground floor and the bedrooms upstairs, a handful of homes facing the wetlands area will take advantage of the views with an upstairs kitchen and balcony.

[smartcode_project:default project_id=89565 project_image_fid=140735]

Calibre is ideally placed, adjacent to Keysborough&rsquo;s new shopping precinct, medical centre and newly built primary school. Tatterson Park, Keysborough Golf Club and Maurie Jarvis Woodland are all within close proximity, as are a number of educational, retail, dining and entertainment amenities.

It is expected to commence construction in mid 2021 and be completed by about mid 2022.

With access to the nearby Eastlink and an abundance of family-oriented attractions nearby it's no wonder Keysborough has fast become an idyllic premium location in Melbourne. 

The top three townhouse projects in Keysborough

Landing in the heart of Keysborough comes Calibre, a series of architecturally designed residences.

On the brink of the area&#39;s pristine wetlands and far-reaching parklands, these residences enjoy both amenity and natural surrounds, right at their doorstep.

[smartcode_project:default project_id=89565 project_image_fid=140732]

With a choice from two, three or four-bedroom homes, each residence exhibits its own unique distinguishable character while also blending seamlessly together.

The living spaces of Calibre are afforded with views of landscaped gardens or balconies, framed by glass sliding doors that allow interiors to flow seamlessly into outdoor spaces and create larger, family-function spaces. Oak timber floors feature throughout the home with built-in joinery connecting the living area to the kitchen. Calibre also lends itself to the opportunity of creating something unique and personalised in each dwelling, with customisable floor plans and upgrade options.

[smartcode_project:default project_id=89565 project_image_fid=140734]

The kitchens of Calibre feature stone top benches, high-quality joinery and wood grain finishes. Fully equipped with premium appliances, each kitchen features a walk-in-pantry and integrated storage throughout. Resident entertainers will enjoy the luxury of a functional space and custom cocktail bar for when the time comes. The upgrade kitchen of Calibre presents natural quartz stone and matching splash-back complimented by timber veneer joinery. Thoughtfully designed with entertainment in mind, the kitchens are equipped with a 900mm oven and cooktop, as well as a fully integrated dishwasher.

[smartcode_project:default project_id=89565 project_image_fid=140736]

Designed to create a sense of relaxation, the bathroom of Calibre features stone surfaces and floor-to-ceiling tiles, fitted with matte black tap wares throughout. Ample storage is again poured into the bathroom along with double vanities in each residence and mirror cabinets. The master suite of Calibre is defined by crafted luxury and ultimate comfort.

Plush carpet has been installed in each home, with all featuring spacious walk-in or built-in robes, adding further storage space to the home. Double-glazed windows have been fitted in each residence along&nbsp;with an inbuilt split system.

Residences will be afforded with the convenience of locality to a number of shopping centres, parklands, schools, cafes, restaurants and transport when construction is completed mid 2022.

[smartcode_project_cta: project_id=89565]

The living spaces of Calibre are afforded with views of landscaped gardens or balconies, framed by glass sliding doors that allow interiors to flow seamlessly into outdoor spaces and create larger, family-function spaces.

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