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

Joel Robinson

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

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

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

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

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

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

The apartment price gap drawing Sydney buyers west

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

As Melbourne continues to emerge stronger out of lockdown, JWLand are seeing increased enquiry activity at their green-laden Ivanhoe apartment and townhouse development, The Grounds.

Buyers are more and more attracted to green spaces within their residences, which The Grounds offers in spades.

JWLand Marketing Manager&nbsp;Nick Babic said the project has been particularly in demand with downsizers.

&quot;They&#39;ve been attracted to the low maintenance living, which enables a lock up and leave lifestyle and encourages travel now the borders are starting to reopen,&quot; Babic says.

[smartcode_project:default project_id=5806 project_image_fid=168937]

Babic also notes the downsizers have been keen on The Grounds for the quality fixtures and fitting put together by the team across each apartment and townhouse.

&quot;They&#39;re downsizing, not downgrading,&quot; Babic added.

JWLand has put an&nbsp;emphasis on community and the environment at The Grounds, with more than half of the grounds being green spaces.

[smartcode_project:default project_id=5806 project_image_fid=168932]

At the established suburb of Ivanhoe puts residents in the heart of one of Melbourne&#39;s most sought-after suburbs, just 15 minutes from the CBD and on the doorstep of the ever-popular Upper Heidelberg Road.

The Grounds comprises an exclusive collection of three apartment buildings, Wilfred, Wamba and The Boulevard.

At the centre of the precinct is the sprawling Central Park, stretching into a network of gardens and out into the nearby Ivanhoe and Chelsworth Parks.

&nbsp;

[smartcode_project:default project_id=5806 project_image_fid=168935]

There is also the Oak Terraces, located off Cedric Street, offering a small collection of townhomes.

Townhomes optimise aspect and outdoor space where living zones are filled with natural light and genuine connection to their leafy environment.

The open design is generously scaled to easily adapt from a relaxed living space to a luxurious entertainer.

[smartcode_project:default project_id=5806 project_image_fid=168928]

Comfort and warmth are achieved through a controlled neutral palette and wide timber floorboards underfoot.

The two-level homes feature independent entries, outdoor terraces to both levels and a lockable garage for two cars.

Fa&ccedil;ades of brickwork, textural concrete render and blackened metals establish a timeless identity with material elements inspired by the grand homes of Ivanhoe East.

[smartcode_project_cta: project_id=5806]

Buyer enquiry on the 116 residences have picked up steam since Melbourne's lockdown ended

max.kwok_55688

Demand rises for Ivanhoe apartments and townhouses at The Grounds

Fadil &ldquo;Butch&rdquo; Sadikay, the surfwear chain retailer turned property developer, has launched the South Yarra penthouse offering in his The Botanic Collection.

Kay &amp; Burton Project agents Damon Krongold and Peter Kudelka have the three-bedroom, three-bathroom listing in conjunction with Andrew Macmillan at Jellis Craig.&nbsp;

There&rsquo;s a $16.5m to $17.5m price guide for the apartment which overlooks the treetops of the Royal Botanic Gardens.&nbsp;

[smartcode_project:default project_id=4658 project_image_fid=54441]

It has 370 sqm internally space plus a rooftop garden and pool with some 400 sqmetres space.

Architect Rob Mills has designed the triplex which will set in gardens landscaped by Jack Merlo for the Sadikay Group.

[smartcode_project:default project_id=4658 project_image_fid=54442]

The Domain precinct penthouse sits atop the 30 Anderson St portion of the 2655sq m estate bought in 2016 for $33 million from the executors of Marion Page, daughter of businessman Sir Clive McPherson.

The 3/30 Anderson Street expressions of interest campaign closes November 23.

[smartcode_project_cta: project_id=4658]

There’s a $16.5m to $17.5m price guide for the apartment

jchancellor-FAypfDUnLy

South Yarra luxury penthouse listing in The Botanic Collection

The Lothian in North Melbourne, has won The Frederick Romberg Award for Residential Architecture &ndash; Multiple Housing.

Kennedy Nolan won the Australian Institute of Architects (AIA) award this week for the project which was completed in May this year by Excelon Projects.

It had already won the 2021 Victorian Architecture Awards for multiple housing, along with being an entrant in the top 40 Think Brick Awards 2021.

Set on an island site, the Lothian consists of four-storey townhouses with roof gardens and two stacked two-storey apartments, one with a roof garden.&nbsp;

The design was inspired by the attractive red brick edifices from the golden age of manufacturing found in the former working class suburb.

[smartcode_project:default project_id=8257 project_image_fid=28387]

The judges noted The Lothian retains a sense of warehouse scale and dimensions, converting them into refined domestic use.&nbsp;

The exterior is concrete, brickwork, arched windows, oculus windows and playful tile work. The red pressed clay bricks came from Krause in Stawell.

The jury described this development as &ldquo;a robust, energy-efficient building that acts as a place of beauty and refuge for its inhabitants while offering an innovative alternative composition of a multi-residential building envelope&rdquo;.

Excelon Projects is a Melbourne-based property development company established in 2011 to create well-considered residential projects.

[smartcode_project:default project_id=8257 project_image_fid=29556]

The 480 square metre site with two laneways and two street frontages replaced an office buildingat 102 Lothian Street.

Lothian has been described as a programmatic and formal hybrid in response to its island site.&nbsp;

The north-south orientation results in principal elevations to the east and west with deeply shaded fa&ccedil;ades to the west and the consideration of privacy to the east.&nbsp;

The southern dwellings are imagined as artist studios.

[smartcode_project:default project_id=8257 project_image_fid=29552]

To the north, an apartment is suspended in the existing tree canopy, in a leafy eyrie with eccentric oriel windows.

There is a two bedroom, two bathroom apartment for sale through Belle Property agent Scott McElroy at $880,000.

It comes with interior design by artisans such as IN-TERIA, who designed the handmade timber door hardware, and the famous Cherry pendant light by DANIEL EMMA.

Slate flooring is featured throughout.

Lothian Street&#39;s location, being close to Errol Street in the heart of old North Melbourne, is marketed as the perfect urban village with a post office, supermarket, Town Hall - and the best of Melbourne&#39;s cafes and restaurants including Auction Rooms and Mork.

Plus the famous cake shop Beatrix just a 5-minute walk away.

Kelvin Taing, Director of Excelon said it had "been exciting to see this project come to life and is a testament to the vision of the architects.”

“The Lothian is a love project for Excelon.”

Set on an island site, the Lothian consists of four-storey townhouses with roof gardens and two stacked two-storey apartments, one with a roof garden. 



Resale opportunity at The Lothian in North Melbourne, the 2021 AIA award winning apartment block

After 55 years in the property industry, developer <a href="/developers/osk-property" target="_blank">OSK Property</a> understands what buyers want. Their latest development, Melbourne Square, offers the ultimate home customisation package and world-class resort-style amenities.

Could these be Melbourne's trendiest sky homes yet?&nbsp;Take a look at our apartment spotlight video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/3YryhxcnSiU" title="YouTube video player" width="660"></iframe>

<h2><a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank" target="_blank">MELBOURNE SQUARE</a>&nbsp;AT A GLANCE</h2>

Developer: <a href="/developers/osk-property" target="_blank">OSK Property</a> 
Architect:&nbsp;<a href="/architects/cox-architecture">Cox Architecture</a> 
Address:&nbsp;93-119 Kavanagh Street, Southbank VIC 3006

[smartcode_project_cta: project_id=2929]

Located on a prominent corner site, at 93-119 Kavanagh Street in Southbank, Melbourne Square is walking distance to Melbourne University, the NGV and arts precinct, and just minutes from the Convention Centre, Yarra River and the myriad of popular restaurants and cafes Melbourne is known for. You’ll also be living atop Melbourne’s first double level Woolworths supermarket.

[smartcode_project:default project_id=2929 project_image_fid=137895]

Just imagine life at Melbourne Square, you wake up, visit your favourite cafe for brunch, take a stroll along the Yarra, and watch the city wake up. In the evenings you can enjoy a relaxing spa at the Sky Club.

What's so special about the development is that you can enjoy all that the city has to offer, and later retreat to your own private oasis, where you've got exclusive use of outdoor swimming pools, dining rooms, a music room, golf simulator, landscaped garden areas, and more.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=139893]

You must be thinking that for this amount of value, the asking price must be high – but we think you'll be pleasantly surprised. A two-bedroom home starts at $711,400, and for most units under $1 million, you'll pay absolutely no stamp duty. Also, we’ve been told that homes priced $850K and above, could save over $120K*!

Melbourne Square also offers a limited edition Life &amp; Style Package worth up to $32,000. Buyers will receive designer Coco Republic furniture and interior design consultation, as well as Samsung white goods and a Lovelight blinds package.

[smartcode_project:default project_id=2929 project_image_fid=137902]

OSK has assembled a star lineup to deliver Melbourne Square, including architectural design by COX Architecture, complemented by Carr Interior Design with stylish furnishings by Coco Republic.&nbsp;

To find out for yourself about what Melbourne Square can offer you, then <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank" target="_blank">submit an enquiry through Urban today</a>.&nbsp;

[smartcode_project_cta: project_id=2929]

*Stamp Duty Terms &amp; Conditions apply

**Limited time only, the developer is offering generous purchaser incentives including developer equity contribution, Life &amp; Style Package for homes priced $850K+

Olivia Round

APARTMENT SPOTLIGHT: Melbourne Square by OSK in Southbank, Melbourne

The penthouse in Melbourne&rsquo;s tallest residential building, Australia 108, has been listed for sale.

It comes with a $30.988 million asking price, which would set the record for the most expensive apartment sale in Melbourne.

It sold off the plan for $25 million in 2015, which was then a national apartment price record.

<img alt="" height="827" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/australia_108_penthouse.jpg" width="1200" />

The four-bedroom residence, known as 10001/70 Southbank Boulevard, has yet to see the settlement details formally lodged with the title still in the name of the developer, WCL-Southbank Pty Ltd.

The developer refinanced 20 apartment lots with United Overseas Bank in May, having previously had financing from Gresham Property Investments.

Designed by Fender Katsalidis Architects, the penthouse has 800 sqm of space along with a 5 car garage.

<img alt="" height="709" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/australia_108_penthouse_3.jpg" width="1200" />

It has been listed by a China-based businessman, priced at less than $40,000 per square metre. Monika Tu at Black Diamondz is marketing the apartment.

It has 2500 unit entitlements amid the total 91625 unit entitlements of the highrise complex.

[smartcode_project:default project_id=582 project_image_fid=10405]

Melbourne&#39;s priciest apartment sale was secured off the plan in early 2019 when publishing entreprenuer Antony Catalano purchased a 650-square-metre penthouse in developer Tim Gurner&#39;s St Moritz Melbourne project for a price of about $30 million.

The two-level apartment will sit atop the eight-level Pacific Grand building, with some 650 square metres internal space and 150 square metres of terraces.

There had been $45 million hopes for the 1001 square-metre penthouse atop the 14-level residential complex The Muse, on St Kilda Road, but it is being retained by the developer.

Any apartment sale at that level would set the record in Melbourne.

$30.988 million asking price for Melboune's highest penthouse in Australia 108

Rarely does South Melbourne&nbsp;see such a boutique, high end residential development.

But the Melbourne property developer BEKL&#39;s latest project,&nbsp;Viv&eacute;re on Dorcas, has&nbsp;just 36 apartments in the heart of the inner urban neighbourhood.

And the residences will secure prime views in the 20-level, being located above the 171-room Voco hotel, operated by IHG which will give residents extra amenity, including concierge services and on-demand housekeeping, as well as access to the hotel&#39;s lobby-level bar and restaurant, and well-appointed hotel gym.

[smartcode_project:default project_id=108979 project_image_fid=180561]

There will also be access to BEKL&#39;s recently launched co-working space, Curago, which will be located in the tower. Curago will also feature a photography studio and a meditation chamber.

The unique triple segment tower has been designed by Plus Architecture&nbsp;to define the three different zones of the tower.

[smartcode_project:default project_id=108979 project_image_fid=181109]

Jessica Liew, Plus Director and architect, says the fa&ccedil;ade&rsquo;s open spaces and recesses are highly considered insertions that visually separate Voco South Melbourne and Viv&eacute;re Apartments from neighbouring buildings.

&quot;Viv&eacute;re residential apartments are housed within the top segment and look out to the bay, and the hotel rooms below look towards the gardens,&quot; Plus note.

&quot;Separation between the apartments and hotel rooms is expressed in the vertical and horizontal stacking within each segment, displaying an authentic articulation of construction methods.&quot;

There&#39;s a mix of one, two and three-bedroom apartments, starting from $490,000 and rising to $2.35 million.

[smartcode_project:default project_id=108979 project_image_fid=181109]

Projects by Buxton agents&nbsp;Heath Thompson and Lucia&nbsp;Guselnikov are handling the sales.

BEKL Managing Director Katherine Liu drew on her own experiences, having previously lived above a hotel, informing&nbsp;the seamless function and unique design of the residences and create a lifestyle that illuminates a new way of living.

&ldquo;I had previously lived in an apartment above the Westin and the experience was fantastic,&quot; Liu said.

&quot;I felt very safe and secure knowing there was always someone at the door or lobby to keep an eye on things.

[smartcode_project:default project_id=108979 project_image_fid=180561]

&ldquo;Having access to housekeeping meant we could ask for on-demand home cleaning services, along with dry cleaning and more. The concierge team made living a breeze, from collecting parcels to providing suggestions for new happenings in Melbourne and it&rsquo;s these comforting details that we are excited to offer to residents.&rdquo;

Construction is expected to commence in Q4 2022, with completion slated for early 2025.

Viv&eacute;re on Dorcas will sit in close proximity to the Botanic Gardens and Melbourne&#39;s art precinct, as well as South Melbourne&#39;s variety of restaurants, cafes and museums.

BEKL Managing Director Katherine Liu drew on her own experiences, having previously lived above a hotel

BEKL launch luxury South Melbourne apartments, Vivére on Dorcas 

A boutique collection of 12 townhouses in the heart of Reservoir is catering to families, with extensive native landscapes and an established family-oriented community.

Ramley Residence, delivered by Monolith Projects, showcases contemporary and sophisticated design that blends into the natural surrounds of one of Reservoir&rsquo;s parklands pockets.

The vibrant community is underpinned by outstanding proximity to infrastructure and amenities.

[smartcode_project:default project_id=27801 project_image_fid=75022]

Full of large green spaces, the home is close to trails and reserves including Edwards Lake, Darebin Creek Trail and Bundoora Park, perfect for a barbeque and capturing city views from the top of Mount Cooper.

Spoilt by this abundance of parklands, Reservoir is home to an active community enjoying lifestyle offerings, shopping and dining, and a major health and medical precinct.

The three-bedroom, two-bathroom homes, which begin from $638,000, are carefully crafted to deliver refined and luxurious residences.

[smartcode_project:default project_id=27801 project_image_fid=75025]

Celebrating contemporary living, the refined homes boast intelligent floorplans, seamless outdoor connections, and abundant light.

Residents can enjoy and a bespoke living experience thanks to chic designer kitchens, private gardens and open-plan living spaces.

[smartcode_project:default project_id=27801 project_image_fid=75024]

Each home is introduced by an inviting separate lounge and is equipped with European appliances, timber highlights and entertaining areas.

Finely articulated through softly muted tones and finishes, which are inspired by nature, bring serenity into the multi-living homes and reference back to the natural landscapes of Reservoir.

The homes let families and upsizers escape the hustle and bustle of inner-city life with an abundance of community spaces available to promote an active and connected lifestyle.

[smartcode_project:default project_id=27801 project_image_fid=75021]

Melbourne&rsquo;s most diverse park, Bundoora Park, delivers over 180-hectares to unwind with family and friends; it is home to a popular children&rsquo;s farm, much-loved playgrounds and barbeque areas for family gatherings.

Nearby a selection of quality government schools and Catholic schools, Reservoir is rich in choices of education for your children &ndash; from early learning through to university.

[smartcode_project:default project_id=27801 project_image_fid=75020]

The suburb is serviced by the Mernda train line and boasts four train stations of its own. The main hub, Reservoir Station, has recently undergone a sky rail transformation.

Ramley Residence is expected to reach completion later this year.

[smartcode_project_cta: project_id=27801]

Full of large green spaces, the home is close to trails and reserves including Edwards Lake, Darebin Creek Trail and Bundoora Park 

Reservoir townhouse development Ramley Residences set in the heart of nature

Developer Cedar W​oods has announced the launch of a new luxury project in Melbourne following an increase in demand for off t​he plan townhomes close to the CBD.&nbsp;&nbsp;

Located in the city-fringe suburb of North Melbourne, 88 Lev​e​​son encompasses 15 three and four-bedroom townhomes, each with private outdoor&nbsp;entertaining space.&nbsp;

The project mirrors Cedar Woods&rsquo; ethos to deliver quality projects that meet buyer demands, chief operating officer Patrick Archer says.

[smartcode_project:default project_id=8945 project_image_fid=178920]

&ldquo;In every project we undertake, our primary focus is developing in areas with access to&nbsp;amenity, creating quality homes, and building community, which are all evident in our latest North Melbourne project.&nbsp;&nbsp;

&ldquo;When considering off t​he plan, purchasers need to feel confident and secure in the&nbsp;outcome of their new home and 88 Leve​son provides that clear vision in a convenient location, only two kilometres from the city,&rdquo; Archer said.&nbsp;&nbsp;

Pre-launch enquiry has indicated the project will be highly sought after, with the volume of enquiry &ldquo;outstanding&rdquo; at the pre-release phase.

[smartcode_project:default project_id=8945 project_image_fid=178922]

&ldquo;This is a result of the lack of off t​​he plan townhome opportunities within inner Melbourne&nbsp;and the current dearth of residential listings,&rdquo; said Marsha​ll White&rsquo;s Mark Dayman.&nbsp;

Designed by Genton, 88 Le​veson caters to the design-savvy buyer with a striking brick fa&ccedil;ade that references the industrial history of the site.

The interiors, curated by Adele Bates, features high-quality modern amenity including Miele appliances and Signorino&nbsp;stone and have been designed for liveability.

[smartcode_project:default project_id=8945 project_image_fid=178921]

&ldquo;The industrial nature of the architecture and local character is seamlessly integrated and&nbsp;juxtaposed with fine design elements carried harmoniously through the homes. The interiors are imbued with a sense of huma​n scale and tactility through fine attention to detail, function,&nbsp;and materiality,&rdquo; Bates said.&nbsp;&nbsp;

88 Lev​eson is only a short distance from the historic Errol Street and within walking distance&nbsp;of Queen Victoria Market, University of Melbourne and the Melbourne Biomedical Precinct.&nbsp;

Its location makes it highly desirable to a range of purchasers, particularly&nbsp;professionals working in the nearby employment precincts.

Construction is anticipated to commence in 2022.&nbsp;

[smartcode_project_cta: project_id=8945]

<h2 style="margin-left: 0.4pt;">Other projects by Cedar Woods</h2>

The national developer Cedar Woods has also been developing other projects in Melbourne, such as the 64-hectare masterplanned community, Mason Quarter.

Located in Melbourne&rsquo;s northern growth corridor, only 25-kilometres from the CBD, Mason Quarter incorporates 800 dwellings, two schools and community facilities.

[smartcode_project:default project_id=99962 project_image_fid=160813]

Land lots within this community are selling now, with 294sqm that boast 10.5-metre frontage available from just $316,000,

The community will offer the opportunity for people to craft their ideal lifestyle in beautiful, natural surrounds with a 7.9-hectare conservation reserve and over 30 distributed tree reserves with majestic river red gums on site.

Mason Quarter is conveniently located within walking distance of the future Wollert town&nbsp;centre and a range of existing infrastructure and public amenity.

The project mirrors Cedar Woods’ ethos to deliver quality projects that meet buyer demands, chief operating officer Patrick Archer explains

Cedar Woods launch boutique North Melbourne townhouse development, 88 Leveson

Metropolitan Melbourne&#39;s median land price increased by 1% in September to $337,000, up 5% annually, according to Red23, one of the country&#39;s leading land sales agencies.

&quot;This is back to the same median land price achieved in early 2019, but has not reached the peak of $349,000 witnessed in September 2018,&quot; said Terry Portelli, the founder and managing director of Red23.

The latest report noted the median land size continues to decrease, down 0.26% to 387sqm, less than the 400sqm median land size three years ago.

Portelli reckons APRA&rsquo;s increase in the minimum interest rate buffer will have little effect in the short term on the demand for housing in the greenfield areas as demand in these regions remains strong.&nbsp;

&quot;But it will have a negative effect on first home buyers who are already on the backfoot because of swift price increases.&quot;

In September land sold in the Melbourne growth areas have taken approximately 1.5 months to sell from the time it is released to the market; in comparison to 2.6 months in June.

Wyndham sold over 1,200 lots in the third quarter, which is double of the same time last year.&nbsp;

Melton sold close to 1,000 lots in the third quarter, same as 12 months ago.&nbsp;

Casey achieved a similar number to Melton.

In Metropolitan Melbourne, over 4,700 lots were sold in the third quarter, similar numbers to quarter two but and down 990 lots on the first quarter.

The Red23 report noted demand for land remains strong, but stock availability continues to be tight, at record lows of approximately 1,000 lots available at any given time.

Greater Geelong has already sold over 2,000 land lots which is 400 more than the total number sold in 2020.

Regional and semi regional areas remain strong as indicated by the price growth in areas such as Greater Geelong and Mitchell.

Greater Geelong is the biggest mover this month, up 12% to a median land price of $351,000 and an increase of 23% YoY.

Portelli suggest APRA’s increase in the minimum interest rate buffer will have a negative effect on first home buyers 

Metropolitan Melbourne's median land price heading towards 2018 peak: Red23

The Melbourne developer Kincaid has appointed the longstanding Harris HMC to build its Heidelberg West apartment development, Cultivate.

The privately-owned and family-ran company, led by Dale Kennedy&nbsp;since 2006&nbsp;is among one of&nbsp;Australia&rsquo;s top per cent&nbsp;construction companies, having began build​ing in Melbourne back in the mid 1980s.

Having previously completed The Pullman Hotel on Swanston St and the premium 550 Bourke St office tower, Harris HMC currently has a strong workbook of projects, including&nbsp;Penny Lane, the mixed-use commercial residential development for Giancorp in Moonee Ponds, as well as Allison Parkside, 28 boutique two and three-bedroom apartments in Essendon.

They&#39;ve also worked on a $4.6 million fit out of&nbsp;North Melbourne FC&#39;s offices and changing rooms, as well as box suites&nbsp;at Marvel Stadium.

[smartcode_project:default project_id=628 project_image_fid=180701]

They&#39;ll be constructing the dual towers at Cultivate, which is over 50 per cent sold to a good mix of first home buyers, investors and owner occupiers.

Kincaid&rsquo;s development manager Joel Martin said it was a strategic move to engage Harris&nbsp;HMC&nbsp;as the builder&nbsp;for the project. They bring an array of skills to the table given their exposure to commercial, residential and fit out works.

[smartcode_project:default project_id=628 project_image_fid=178983]

&quot;HMC has been doing great work in the construction space for nearly 40 years, delivering very well known projects across the state&quot;, Martin said.

&quot;The team has an expert knowledge of how to create contemporary apartment buildings, and we can&#39;t wait to see Cultivate start rising from the ground.&quot;

[smartcode_project:default project_id=628 project_image_fid=180702]

There will be some movement on site at the end of the year, with construction ramping up fully early next year for its late 2023&nbsp;completion date.

Construction commencement tends to trigger price increase among off th​e plan developments, due to the nature of the progression of the construction and further costs associated.

Currently the apartments, which have interiors designed by DKO&nbsp;start from $369,000.

The two-bedroom apartments at the moment are priced from $479,000, over $130,000 less than Heidelberg&nbsp;West&#39;s&nbsp;median two-bedroom apartment price of $610,000.

[smartcode_project:default project_id=628 project_image_fid=178984]

Cultivate is set to change the face of West Heidelberg, which is sandwiched between the established suburbs of&nbsp;Ivanhoe, Heidelberg and Preston.

The street-level will be revitalized, with retail space at the foot of the buildings, which each have separate and secure entry.

The City of Banyule Council has an extensive redevelopment plan for Bell Street Mall across the road, which will see the mall, dating back to 1956, completely regenerated.

[smartcode_project_cta: project_id=628]

Kincaid development director Joel Martin said it was a no brainer to bring on HMC for the project

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