<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?

Stockland has a pipeline of 81,000 housing lots, the ASX listed company advised its shareholders this week.

It advised its pipeline was focussed on "under supplied markets across the eastern seaboard."

The pipeline has 33,600 lots in Queensland, including 16,400 at Aura, at Caloundra on the Sunshine Coast.

There are 25,800 lots in Victoria including 9,500 at Cloverton, at Kalkallo in Melbourne's north.

NSW has 7,300 lots including 2,400 at The Gables, at Box Hill in the Hills Shire.

WA has 14,800 lots including 2,600 at Sienna Wood, at semi-rural Hilbert south of Perth.

“Enquiries remain well above long run averages, with market supply unable to keep pace with strong demand," Stockland CEO, Communities, Andrew Whitson said.

Its half year net sales of 3,815 lots, was in line with sales volumes in 1H21 that had been elevated by State and Federal Government stimulus measures, such as HomeBuilder, that have subsequently been withdrawn, he noted.

Settlement volumes totalled 2,329 lots over the half (1H21: 3,101 lots), with the decline versus the previous corresponding period driven by project staging.

There is still a significant under supply in the market, its chief executive Taran Gupta said.

Gupta told Bloomberg that home prices already showed signs of moderating.

He said Stockland would be bring "smaller more affordable lots" into the sales cycle.

"But we still seeing demand continuing," he said as Stockland sold at the affordable end of the market.

There is still a significant under supply in the market, its chief executive Taran Gupta said

jchancellor-FAypfDUnLy

Stockland see housing demand remaining elevated while prices moderate

The Aultun Group&rsquo;s latest Keysborough development, The Woodlands, is set to deliver a new living experience in the south-east Melbourne suburb.

Situated at 21-23 Loxwood Avenue, the estate features a collection of 42 double-story house and land packages designed with aspirational families in mind.

The three and four-bedroom homes were designed to be modern and timeless with a complementary colour palette of greys and timber accents across the fa&ccedil;ade.

<blockquote>
&ldquo;New projects like the Woodlands coming along will go a long way to satisfying the serious market demand for new house and land&rdquo;, said Oliver Hume&rsquo;s Harvey Carretero.
</blockquote>

Carretero noted that as a rapidly growing suburb, Keysborough was emerging as a vibrant, new residential area.

[smartcode_project:default project_id=108775 project_image_fid=179327]

Set 27-kilometres from the Melbourne CBD, the suburban gem boasts a number of neighbourhood amenities.

&ldquo;The location is unsurpassed for its close proximity to an array of amenities&rdquo;, according to the developers.

Within walking distance to the property are Dingley shops and Parkmore Shopping Centre, anchored by Woolworths and Coles.

[smartcode_project:default project_id=108775 project_image_fid=179333]

There is a collection of eateries and caf&eacute;s along the Dingley shopping strip on Centre Dandenong Road, including Match &amp; Co Caf&eacute; and Strange Servant.

Residents can also appreciate the range of recreation opportunities on offer thanks to the green spaces and leafy retreats that dot the neighbouring streetscapes.

&ldquo;[S]hare in a round of golf at the Southern Golf Course or watch the kids play in the fantastic playgounds at Tatterson Park&rdquo;, the project marketing suggests.

Backing on to a peaceful parkside sanctuary, residents will always have their daily fix of the outdoors, as well as the neighbouring Spring Valley Park and Keysborough Community Park.

[smartcode_project:default project_id=108775 project_image_fid=179331]

Keysborough provides a range of educational offerings, including South Primary school, the established Haileybury College and Lighthouse Christian College.

Eight kilometres from the home, you will also find Monash, a leading Australian university that boasts a student population exceeding 85,000

A short drive from the Woodlands estate, residents will find Mordialloc Beach and discover the bay and beach caf&eacute;s.

The well-developed and popular beach includes a pier, picnic areas and a curving promenade running behind the beach from the pier to the lifesaving club and beyond.

[smartcode_project:default project_id=108775 project_image_fid=179329]

The revitalisation of the Greater Dandenong has continued to transform the region, adding a strong incentive to invest.

In 2006, the Victorian Government pledged $290 million to this renewal over the next 20 years to 2026, which will leverage $18 billion in private sector development, create 5,000 new jobs and 4,000 new homes.

The Woodlands is expected to reach completion in early 2023.

[smartcode_project_cta: project_id=108775]

Situated at 21-23 Loxwood Avenue, the estate features a collection of 42 double-story house and land packages designed with aspirational families in mind.

max.kwok_55688

What’s within walking distance of the masterplanned Keysborough community, The Woodlands?

It was the third quarter of 2021 when the award-winning Melbourne developer, Pace Development Group,&nbsp;decided to convert their fourth building in their Pace of Blackburn development from office to residential.

The seven-level building, which became 90 apartments, is now over 70 per cent sold since launching mid last year in the midst of the rolling COVID lockdowns. The sales success&nbsp;follows sell outs of the first three buildings.

Pace&#39;s Sales and Marketing Director&nbsp;Ashley Bramich told Urban that it was a no brainer to pivot the fourth building from office to residential, given the demand the team were fielding&nbsp;from both first home buyers and downsizers.

&quot;We&#39;ve seen first home buyers drive back in to the market as the gap between both the apartment market and the housing market, and the off the plan apartment market and established apartment market, reaches record highs,&quot; Bramich said, adding that it&#39;s the other side of the coin for downsizers.

[smartcode_project:default project_id=7211 project_image_fid=158008]

&quot;Downsizers are in a position where they can sell their homes at a premium in the current market, move to a low maintenance, brand new apartment without diluting their lifestyle, and re-invest the rest of their sale in to super for retirement.

&quot;In a suburb where the median house price is $1 million, both first home buyers and downsizers have found great value in the each type of apartment, with one-bedders starting from&nbsp;$410,000, two-bed apartment from&nbsp;$540,000 and the larger three-bedroom apartments from $780,000.&quot;

The majority of interest has come from those already within close proximity to Blackburn, around three kilometres, however Bramich suggests first home buyers have come from slightly further afield, due to how connected Blackburn is as an area to the rest of Melbourne.

[smartcode_project:default project_id=7211 project_image_fid=39986]

Two of the four of buildings at Pace of Blackburn will start settling in the next few months, with the final two buildings expected to be completed toward the end of 2022.

There are limited opportunities left for buyers in the last building, with just 29 apartments left. The mixed-use nature of the precinct has been a major drawcard for buyers, with street-level retail expecting cafes and convenience stores.&nbsp;Foodworks will be the&nbsp;anchor supermarket, while&nbsp;AK Skin Clinic, Talons Nails, a japanese restaurant from the team at Oushou, and The Studio Beans caf&eacute;, have all been confirmed as tenants, with more announcements to come soon.

Designed in collaboration between&nbsp;Ascui&nbsp;and Co. Architects, interior designer Adele Bates and MDG Landscape Architects, Pace of Blackburn also features extensive resident amenity, including&nbsp;an 18 metre lap pool, a children&#39;s splash pool, a gym, library with a fireplace, and a bookable&nbsp;meeting space and a private dining room with a full chefs kitchen.

There will be a&nbsp;concierge service, with cold room storage for the safe keeping of groceries.

[smartcode_project_cta: project_id=7211]

Ashley Bramich told Urban that it was a no brainer to pivot the fourth building from office to residential, given the demand the team were fielding from both first home buyers and downsizers.



Pace enjoy success after office to apartment pivot at Pace of Blackburn project

Hawthorn East, located in Melbourne&rsquo;s east, has been one of the city&rsquo;s premier suburbs for generations.

With stately homes lining its leafy streets, independent boutiques and prestigious schools, the suburb offers the fundamentals of a grand, established neighbourhood.

Delivered by Dahua Group, Hawthorn Park delivers the best of Hawthorn East at its doorstep thanks to its prime location on Camberwell Road.

[smartcode_project:default project_id=3730 project_image_fid=171605]

The sophisticated mid-rise features 368 residences in one, two and three-bedroom configurations, designed by award-winning architects Rothelowman.

Arriving at the development, residents will be greeted by textured concrete bands that evoke the idea of stone terraces on a hillside.

&ldquo;The design of the internal architectural fa&ccedil;ades and the lush valley landscape was inspired by the stepped landforms of rice paddy fields and the stone terraces of Machu Picchu&rdquo;, said lead architect Kim Lowman.

[smartcode_project:default project_id=3730 project_image_fid=171606]

A series of public piazzas and retail spaces will activate the area along Camberwell Road, providing a local gathering spot for residents.

Exclusive residents&rsquo; amenities are also on offer, such as a spectacular sky pool, gym, splash pool and rooftop grill.

Other private spaces include a residents&rsquo; garden, multi-function space, lounge and dining, sky walk, rooftop lawn and sky lounge.

[smartcode_project:default project_id=3730 project_image_fid=171604]

&ldquo;Located on the top level, the Hawthorn Park private dining room is the perfect setting for residents to host cocktail parties and exclusive dinners&rdquo;, the project marketing reads.

Each apartment also comes with access to a wellness centre, with a state-of-the-art gym, yoga studio, massage rooms and more.

The garden spaces between the buildings of Hawthorn Park have been designed as places of true relaxation by landscape architect Jack Merlo.

&ldquo;My design for Hawthorn Park has been carefully considered to encourage quiet recreation and reflective moments in traditional garden areas, with a more active lifestyle catered for on the rooftop terraces&rdquo;, he said.

[smartcode_project:default project_id=3730 project_image_fid=171608]

The development boasts 2,000sqm of landscaping that features indigenous and exotic plant species, hardy and flowering trees and contrasting foliage.

Expansive central gardens have been designed as a parkland escape in the urban setting, where residents can enjoy a central lawn, walkway, garden pavilion and hammock lounge.

Interiors continue the theme of the contoured exterior and lush landscaping to provide a unified aesthetic experience.

[smartcode_project:default project_id=3730 project_image_fid=171610]

The development includes high-quality finishes, intelligent floorplans, private park vistas and a wide range of residential options.

Completed last year by Hickory, residents can move in now to this one-of-a-kind property.

[smartcode_project_cta: project_id=3730]

Delivered by Dahua Group, Hawthorn Park delivers the best of Hawthorn East at its doorstep thanks to its prime location on Camberwell Road

Blue chip location and ever-green style: Take a tour through the Hawthorn Park master plan 

ASX-listed developer Cedar Woods has 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’s north.

Located within the fast-growing City of Whittlesea, Mason Quarter will accommodate over 800 dwellings and is located just 25 kilometres from the Melbourne CBD.

According to Cedar Woods’ chief operating officer, Patrick Archer, land lots continue to sell out soon after each release.

<a href="/developments/wollert-vic-3750"><img alt="" data-entity-type="" data-entity-uuid="" height="1067" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cw_masonsq_078_copy.jpeg" width="1600" /></a>

“Land in Melbourne’s growth corridors is increasingly sought after and buyers are in a rush to get into this strong market.”

The new sales office will help facilitate sales and showcase the unique masterplan design that prioritises access to green space.

The masterplan has been designed to showcase the native vegetation on-site with a 7.9-hectare conservation reserve and over 30 distributed tree reserves with retained mature river red gums.

“We’ve developed a clear vision for Mason Quarter, centred around connection to nature and prioritising outdoor space.”

"There is a great deal of amenity in the area and with a site of this size we will be able to establish a brand-new community to enjoy it," says Archer.

[smartcode_project:default project_id=99962 project_image_fid=160808]

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.

[smartcode_project:default project_id=99962 project_image_fid=160810]

Covid safety measures are in place at the new sales office with inquiring purchasers able to book a private appointment with a sales agent.

Mason Quarter will be delivered over the next eight years with large 368sqm land lots now selling from $397,500, subject to availability.

[smartcode_project_cta: project_id=99962]

According to Cedar Woods’ chief operating officer, Patrick Archer, land lots continue to sell out soon after each release

Land sales soar in Melbourne’s north as buyers “rush” into “strong market”

Residents at FOCUS, a vibrant new inner-city community in the heart of Melbourne&rsquo;s celebrated Arts precinct, get access to an extensive array of amenities all within their Southbank building.

Due to complete later this year, the Central Equity-developed FOCUS is set&nbsp;to integrate contemporary apartments with easily accessible facilities.

[smartcode_project:default project_id=3260 project_image_fid=62349]

Everything from an impressive and secure entry foyer with a furnished visitor waiting area to professional concierge teams on-site 24/7 will be&nbsp;available to residents.

Residents can plan a movie night at the luxe 17-seat theatre, or enjoy the company of the FOCUS community in the landscaped outdoor barbecue and dining area, which is accessed off an open dining and lounge space.

Resident facilities also include a glass-roofed, indoor heated lap pool, state-of-the-art gym, and adjoining sauna.

[smartcode_project:default project_id=3260 project_image_fid=62344]

The apartments, which are being built by Multiplex, are designed by Doig Architecture and each feature 2.7m-high ceilings, floor-to-ceiling windows and balconies.

[smartcode_project:default project_id=3260 project_image_fid=62343]

The&nbsp;Ci​ty Rd&nbsp;location puts FOCUS residents in the heart of Southbank, with easy access to the iconic arts precinct and new parkland on Southbank Bou​levard.&nbsp;&nbsp;

Within 100 metre walk from the front door of FOCUS is an IGA and 7-Eleven. Two streets over toward the river is&nbsp;Sout​h​b​ank Boulevard, lined with a number of restaurants and cafe&#39;s.&nbsp;

[smartcode_project_cta: project_id=3260]

Residents at FOCUS get access to substantial amenities at their Southbank address

The range of private and local amenities residents get at FOCUS, Southbank apartments

Ivanhoe East is a highly sought-after pocket of Melbourne, thanks to the picturesque streets of the north-eastern suburb.

The historic streetscape blends European heritage and modern style, combining community, culture and convenience.

East Ivanhoe Village is awash with charm, a pocket of energy in the heart of the neighbourhood thanks to its shopfronts, caf&eacute;s and independent boutiques.

Melburnians seeking to enter this prestigious market need not look further than JWLand&#39;s development&nbsp;The Grounds, situated on The Boulevard.

The Grounds is an exclusive collection of three apartment buildings, Wilfred, Wamba and the Boulevard, and a limited number of townhomes at Oak Terraces.

Featuring 116 residences in two, three and four-bedroom configurations, the development is primely positioned to take advantage of the range of offerings in Ivanhoe East.

Urban takes a look at six things we love about this suburb.

1. Neighbourhood amenities

[smartcode_project:default project_id=5806 project_image_fid=168937]

From the bustling main streets to tranquil green spaces, The Grounds residents can offer all that Ivanhoe East has to offer.

&ldquo;At your doorstep, healthy outdoor spaces invite exploring, exercise and relaxing close to nature&rdquo;, JWLand&#39;s Project Marketing Manager Nick Babic says.

Nearby, Ivanhoe Park provides the ideal setting for children&rsquo;s play and weekend sports, while Ivanhoe Golf Club and Chelsworth Park are also around the corner.

Other recreational amenities that residents can enjoy include Ivanhoe Aquatic Centre, Olympic Leisure Banyule or Macleod Recreation and Fitness Centre

2. Cultural hub

[smartcode_project:default project_id=5806 project_image_fid=171476]

Forming Melbourne&rsquo;s greenest precinct, rolling lawns, parkland and native reserves bring a community together.

The area&rsquo;s treasured heritage has fuelled its modern-day appreciation of arts and culture,&nbsp;previously known as a hub for renowned Australian landscape artists.

The suburb is&nbsp;now home to the iconic Heide Museum of Modern Art, the Courthouse Museum and many independent galleries that dot the precinct.

3. Green spaces at The Grounds

[smartcode_project:default project_id=5806 project_image_fid=168936]

Within and around The Grounds, a profusion of native and exotic plantings are designed to surround the architecture with calming greenery.

Clusters of native grasses and shrubbery around the base of the buildings give the structures an appearance of floating within the natural parkland setting.

An expansive lawn encourages guests to gather and connect outdoors, while the central courtyard features inbuilt seating and space to bask in the sunshine.

4. Self-contained neighbourhood

[smartcode_project:default project_id=5806 project_image_fid=168933]

&ldquo;Ivanhoe East offers an idyllic lifestyle balance in a self-contained neighbourhood, where you&rsquo;ll walk to everything you need&rdquo;, Babic added.

The neighbourhood features a range of local caf&eacute;s to nurture the community and a diversity of eateries and fresh food providers a few minutes&rsquo; walk&nbsp;away.

Major retail hubs at Ivanhoe Shopping Centre and Heidelberg Central offer a range of retail and dining offerings.

5. Family-friendly development

[smartcode_project:default project_id=5806 project_image_fid=168932]

The affluent suburb places community at its centre, with close to half its residents established and older couples and families.

The development is largely targeted towards maturing couples and semi-retirees, mostly local who are keen to stay in the area.

&ldquo;I think people buy in because it will be a community, it won&rsquo;t be a transient place with 50 for-lease signs up all the time,&rdquo; sales agent Natasha Johnson said.

&ldquo;That&rsquo;s the main attraction &ndash; there&rsquo;ll be no investors here&rdquo;, Johnson added.

The median house price recorded in Ivanhoe East by the REIV for the September 2021 quarter was $2.18 million for homes.

This is significantly higher than the starting price for three-bedroom townhomes at The Grounds, which begin from $1.89 million.

6. Proximity to the CBD

[smartcode_project:default project_id=5806 project_image_fid=168928]

Just 9 kilometres north-east of the CBD, Ivanhoe East delivers a sophisticated, relaxed lifestyle surrounded by established parkland.

Using a network of public transport or the Eastern Freeway, making it into the city is stress-free.

The Boulevard is central to a cluster of Victoria&rsquo;s most prestigious state and independent schools including Marcellin College, Ivanhoe East Primary School, Ivanhoe Grammar and Ivanhoe Girls Grammar.

[smartcode_project_cta: project_id=5806]

East Ivanhoe Village is awash with charm, a pocket of energy in the heart of the neighbourhood thanks to its shopfronts, cafés and independent boutiques

Culture and convenience at Ivanhoe East: Six things we love about the north-east Melbourne suburb

The latest REIV data calculated there was far less price escalation in the private treaty market than the red hot auction market.

Apartments sold at auctions during 2021 were up 9.6% to a $772,500 median price across Victoria.

But private treaty sale prices went up just 1% to $606,000, according to data from Real Estate Institute of Victoria’s December quarter report.

The median apartment price in regional Victoria saw 19.6 per cent annual price growth in 2021.

It took the median apartment price to $395,950.

The median house price in regional Victoria has was up 27 per cent reaching a record breaking $565,000 over the year.

“The data reflects the enduring attraction of regional Victoria as a lifestyle choice following two years of COVID-19 restrictions," REIV President Adam Docking said.

Metropolitan Melbourne unit prices jumped 7.1% to $680,000, while houses across the city rose 18.9% to $1,125,000.

The data shows apartments in outer Melbourne, achieved a $615,000 median price with an annual increase of 11.3 per cent.

Middle Melbourne apartments remain the pricier at $765,000 up 8.5% last year.

Apartments in inner Melbourne have experienced 4.8% price growth to a median price of $655,000.

Docking said he expects the market will soon begin to stabilise as some of the listing volume issues are addressed and buyers have more offerings.

But he suggested the impact, if any, of the Omicron surge on the real estate market is yet to be fully understood.

“Major factors influencing the residential real estate market continue to be low interest rates, lifestyle choices as more people work from home and pent-up demand after the series of lockdowns over 2020 and 2021.”


 

The REIV data suggested there was less price escalation in the private treaty market than the red hot auction market

Private treaty apartment market cheaper than redhot Victorian auction market: REIV

Privately owned property group, Riverlee, has appointed Icon Construction to deliver the $500 million Seafarers development featuring residential, hotel and hospitality, in what is set to be the largest private construction project in Melbourne since the pandemic.

The 18-storey development comprises 123 luxury hotel-branded residences and 277 guest rooms as part of Australia&rsquo;s first 1 Hotel &amp; Homes from SH Hotels &amp; Resorts.

Revitalising the historic Goods Shed No.5, Seafarers is a flagship project within the Northbank precinct, located between the CBD and Docklands.

[smartcode_project:default project_id=27728 project_image_fid=173912]

The project&rsquo;s multi-sector impact extends beyond construction and shows post-pandemic confidence in the residential, tourism and recreation markets.

The Seafarers build is valued at a nominal $275 million and is forecast to provide a total of 1,023 full-time equivalent construction-related jobs, with approximately 680 jobs generated upon completion.

The builder appointment of Icon comes as Seafarers records $20 million in sales and reservations since lockdown ended in Victoria last October.

[smartcode_project:default project_id=27728 project_image_fid=173921]

Riverlee&rsquo;s development director, David Lee, says that the partnership with Icon marks a significant milestone for the next wave of Northbank as a destination in Melbourne.

&ldquo;Icon shares our vision for the precinct &ndash; for it to be a high-quality, sustainable and an outstanding place to live and visit.

He also made note of the positive uptake in sales since restrictions lifted in Victoria, showing the confidence in the owner-occupier apartment market and the shift to new lifestyle opportunities in a post-pandemic landscape.

[smartcode_project:default project_id=27728 project_image_fid=173942]

&ldquo;Construction of many residential projects in the city have been put on hold because of low sales during the pandemic, but we are proud to be progressing and are confident in our offering of a unique and differentiated residential product.&rdquo;

Construction at Seafarers will commence in early 2022 with completion slated for 2024.

[smartcode_project_cta: project_id=27728]

The Seafarers build is valued at a nominal $275 million and is forecast to provide a total of 1,023 full-time equivalent construction-related jobs, with approximately 680 jobs generated upon completion.



Riverlee appoints Icon Construction to deliver $500 million Seafarers development

Residents within what will be Australia&rsquo;s tallest skyscraper, STH BNK By Beulah, will breathe in some of the freshest, healthiest and cleanest air in any Australian residential skyscraper, thanks to a bespoke centralised ventilation system that places an emphasis on health and wellbeing.

Designed primarily to optimise sleep quality and productivity, the system developed together with world-leading engineers ARUP, will also protect against noxious fumes, bushfire smoke, disease transmission and moisture issues by removing contaminants from the outside air.

[smartcode_project:default project_id=8804 project_image_fid=27929]

Fresh air is directly ducted to every STH BNK By Beulah apartment, while a full heat exchanger system recovers energy from the exhaust air stream to minimise energy consumption.

By constantly supplying fresh air and exhausting stale air, the oxygen content in each apartment is increased, resulting in up to 10 times less CO2 compared to apartments and houses where stale air is recirculated.

Beulah Managing Director Jiaheng Chen said with Beulah FreshAir&trade;, residents will feel like they&rsquo;re in the world&rsquo;s cleanest destination, constantly breathing the freshest unpolluted air at the most comfortable temperature &mdash; regardless of the conditions outside.

&ldquo;There&rsquo;s been a massive shift towards improving the ventilation and quality of air in buildings, mostly off the back of air-borne diseases, but Australians have also had to deal with unsafe air quality during our recent bushfire seasons,&quot; Chen said.

<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank"><img alt="" height="1697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sth_bnk_by_beulah_2.jpg" width="1200" /></a>

&ldquo;Although Australia ranks incredibly well on a global scale in terms of air pollution, the Beulah FreshAir&trade; ventilation system will play a pivotal role in improving the health of residents in terms of sleep, productivity and overall well-being. If the past two years have taught us anything, it&rsquo;s that we are spending more time at home than ever before.&rdquo;

One of the towers in STH BNK By Beulah will become Australia&rsquo;s tallest building.&nbsp;There will be two towers at the&nbsp;City Road&nbsp;address, one rising 102 storeys, some&nbsp;366 metres in to the sky. There will be around 449 apartments across the two towers, as well as a hotel, commercial, and retail space.

The $2.7 billion mixed-use development, will also have its own Private Auto Club,&nbsp;Australia&rsquo;s first-of-its-kind Private Auto Club.

The STH BNK Auto Club will give residents the opportunity to use the fleet of luxury vehicles,&nbsp;from&nbsp;BMWs and Teslas to Porches and Range Rovers.

[smartcode_project_cta: project_id=8804]

A new bespoke centralised ventilation system that places emphasis on health and wellbeing will feature in STH BNK by Beulah apartments, designed primarily to optimise sleep quality and productivity.

Latest Victoria Property News

ALTA Property to deliver $200 million Queens Road apartment tower

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Victoria Property News

ALTA Property to deliver $200 million Queens Road apartment tower

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News