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

Joel Robinson

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

First look: NewQuest Property proposes new St Ives apartment development

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

The final three-level townhouses on Templestowe Lower&#39;s Manningham Road, has been listed for sale.

The townhomes at 234 Manningham Road are priced from&nbsp;$772,000.&nbsp;The&nbsp;three-bedroom, two-bathroom homes are&nbsp;well under the suburb median of&nbsp;$846,000, which is up 11 per cent in the last 12 months.

The townhomes will feature&nbsp;an open-plan&nbsp;layout, with a home office located on the ground level.

[smartcode_project:default project_id=108729 project_image_fid=179559]

There are SMEG kitchen appliances and Caesar stone benchtops used in both the bathroom and kitchen.

Located in the premium suburb of Templestowe Lower it is&nbsp;16km northeast of the Melbourne CBD.

It has the access to natural parklands at Ruffey lake park and the Yarra River&rsquo;s recreation, city-bound buses, and leading schools, while minutes from the Eastern Freeway and Westfield Doncaster.

[smartcode_project:default project_id=108729 project_image_fid=179563]

It is situated&nbsp;within the Templestowe Primary School and Templestowe college school zones, a five-minute drive away.

10 minutes of walking sees residents at a&nbsp;Woolworths supermarket and the surrounding restaurants.

[smartcode_project_cta: project_id=108729]

&nbsp;

Priced at $772,000, the two or three bedroom, two bathroom homes are well under the suburb median of $846,000, which is up 11 per cent in the last 12 months

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Templestowe Lower townhouses cheaper than the suburb median

Only a quarter of the 26 townhouses on offer in the Tarniet townhouse development, Onyx Estate, are left to sell.

Set for completion in late 2022, the&nbsp;Heiyu Groups, Times Fund development comprises a series of two and three-bedroom townhomes in an established part of Tarneit, west of Melbourne.

The contemporary double-storey townhouses are located in an established area&nbsp;of Tarneit, a 35 minute drive from the Melbourne CBD.

[smartcode_project:default project_id=108728 project_image_fid=179572]

3 Onyx Way is within a stroll of the local shopping strips and less than five&nbsp;minutes from a number of schools, including&nbsp;Tarneit Rise Primary School and Tarneit P-9 College.

It is a short drive to private schools like Good News Lutheran College &amp; Westbourne Grammar School.

There are multiple bus stops and the Tarneit&nbsp;train station close by.

[smartcode_project:default project_id=108728 project_image_fid=179573]

Also within walking distance are lush&nbsp;parklands, a hallmark of the area&nbsp;with parks, as well as walking&nbsp;and bicycle trails.

Prices start from $480,000 for the two-bedroom townhouses.

[smartcode_project_cta: project_id=108728]

The contemporary double-storey townhouses are located in an established area of Tarneit, a 35 minute drive from the Melbourne CBD

Onyx Estate townhouses in Tarneit 75% sold

Assemble, the leading build-to-rent development and community management company, has taken a big step in its future $1.2 billion pipeline.

Headed by managing director Kris Daff, Assemble has secured rezoning of two key residential and mixed-use sites in Clayton and East Bentleigh.

It allows the affordability-conscious developer, who has been doing amazing things in the social housing&nbsp;space for a number of years, to realise over $900 million in affordable housing across the two sites, as well as&nbsp;$300 million of retail and workplace for the projects.

Victorian Planning Authority's Fast Track Projects program accelerated the rezoning of the prime industrial&nbsp;sites at 209-211 Carnish Road in Clayton&nbsp;and 246 East Boundary Road in East Bentleigh.

Daff said it was a strong move that ensures victorians will have the appropriate supply of social and affordable housing to meet the critical shortfall.

"We are now a step clooser to delivering over 1,600 social and affordable housing units, along with much needed health, commercial and retail outcomes, for the broad Glen Eira and Monash communities," Daff says.

The eight hectare Clayton site was the former PMP Print site, and is set to see 1,180 new homes create, as well as three new local parks, and a number of shops and businesses, focussed around a new town square. Around 1,000 local jobs will be created as part of the development.

There will be a 680-apartment development within the precinct, designed by Jackson Clements Burrows Architects, with landscaping by Rush Write. Around&nbsp;20 per cent will be delivered as social housing, managed by Assemble's community housing partner, Housing Choices Australia.

<img alt="" data-entity-type="" data-entity-uuid="" height="672" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/assemble_2.jpg" width="1200" /> 
The Carnish Road, Clayton design. Image supplied

Another 35 per cent of dwellings will be dedicated to affordable housing targeting essential workers, such as the local Monash health and education workers.

"This is a prime site that will revitalise the area set in a well-connected precinct, offering the community east access to key health, education and transport hubs," Daff says.

The $700 million multi-stage East Bentleigh project, dubbed East Village, will be a wider masterplanned community with&nbsp;3,000 dwellings, 15,000 sqm of retail floorspace and 80,000 sqm of commercial floorspace.

The&nbsp;build-to-rent community will have over 940 apartments of social and affordable housing.

"East Village will provide stable rental tenure for a diverse residential community&nbsp;including students, tertiary education workers and essential key workers in the local Glen Eira community", Daff added.

The $400 million first stage will see&nbsp;450 apartment built to a design&nbsp;by Hill Thalis, who were chosen by a design competition. MGS Architects and Craig Tan Architects will design the 16,000 sqm of mixed-use elements.

The project will create 5,000 construction jobs once works commence in late 2022. It will also home new McKinnon College Second Campus which is set to open January 2022.

The developments will&nbsp;accelerate the long-term rental housing pipeline for Assemble, who will see&nbsp;2,400 apartments of their portfolio under construction in the next six months.

Headed by managing director Kris Daff, Assemble has secured rezoning of two key residential and mixed-use sites in Clayton and East Bentleigh

Assemble set to deliver social and affordable housing to Clayton and East Bentleigh

A high rise development at Box Hill, in Melbourne’s east, has been listed with $7 million hopes.

Offers from developers are due by November 11 with mid-$7 million expectations.

Located at 4 Shipley Street, just off Whitehorse Rd/Maroondah Hwy and 150 metres from Box Hill shopping centre, the property currently comprises a single level warehouse.

The mixed Use zoned site allows housing at higher densities.

The property will be sold subject to a 12 month lease to Box Hill Panels at $123,341 per annum net. 

Marketing agents, Teska Carson’s Stephen Speck and Michael Ludski, said the site would provide the successful purchaser with an "outstanding development opportunity" within what has been dubbed Melbourne’s `second city’. 



The 1013 sqm site is expected to fetch in the mid $7 millions

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Box Hill apartment development site listed with $7m hopes

First home buyers, investors and downsizers alike will find comfort knowing that you can find a brand-new luxury apartment in Melbourne at an affordable price point.

While continued Melbourne lockdowns threaten to deflate sentiment and stifle the near-term recovery in the apartment market, once borders re-open, demand will likely far exceed moderate apartment supply, JLL&rsquo;s head of residential research, Australia, Leigh Warner told the Urban Developer last month.

&ldquo;Investor demand has clearly picked up in 2021, and this demand has started to flow through to the apartment market,&rdquo; Warner said.

Urban takes a look at five new developments on the market under $500,000 for investors hoping to get ahead of the anticipated demand.

1. Rise, Moonee Ponds 
Developer: Caydon Property 
One-bedroom apartments from $433,500

[smartcode_project:default project_id=5328 project_image_fid=163914]

Comprising of 297 one, two, three bedrooms, Rise is an elegant new development making up the final addition to the Mason Square precinct at Moonee Ponds.

Rising 29 floors, the project boasts uninterrupted city views from the floor-to-ceiling windows, as well as&nbsp;plentiful amenity .

[smartcode_project:default project_id=5328 project_image_fid=164756]

Listed for $433,500, the development&rsquo;s 56 sqm one-bedroom, one-bathroom apartment, designed by Fender Katsalidis, features high-end finishes, bespoke fittings and integrated appliances.

The spacious bathrooms include full-width showers, freestanding baths and custom vanities exclusively designed for Rise by Omvivo.

2. Ryrie Home 
Developer: Franz&eacute; Developments 
One-bedroom apartments from $415,000

[smartcode_project:default project_id=5559 project_image_fid=88241]

Located in the fastest-growing regional city in Australia,&nbsp;Ryrie&nbsp;Home provides the ideal sea change for residents hoping to escape the bustle of the Melbourne CBD.

Positioned within walking distance to Eastern Beach, the development is also proving popular with investors, listed as Urban&#39;s most popular investor project for Q1 2021.

[smartcode_project:default project_id=5559 project_image_fid=173776]

The development&rsquo;s one-bedroom, one-bathroom apartment has a price tag of just $415,000, making it an attractive investment or first home.

Designed by Architectus, Ryrie Home&nbsp;boasts an authoritative and restrained grid fa&ccedil;ade, pedestrian laneways, commercial retail, and F&amp;B spaces, as well as hotel and residential lobbies

3. Due North, Preston 
Developer: Caydon Property 
One-bedroom apartments from $482,000

[smartcode_project:default project_id=5502 project_image_fid=155337]

Climbing 12 levels and comprising 107 apartments, Due North is a new fur-friendly apartment addition to Preston&#39;s High Street.

Designed by Caydon Architecture, the 57 sqm one-bedroom, one-bathroom apartment with a study is priced at&nbsp;$482,000.

[smartcode_project:default project_id=5502 project_image_fid=155332]

Located just 20 minutes away from Melbourne&rsquo;s CBD and featuring rooftop space, a co-working area and 3 retail spaces, residents will have everything at their doorstep at Due North.

Splash the day away in the pool and dip into stunning Melbourne views as you kick back on the deck and soak in those holiday vibes.

4. Cubic House, Alphington 
Developer: Glenvill 
One-bedroom apartments from $420,000

[smartcode_project:default project_id=107514 project_image_fid=170760]

Cubic House delivers spacious one and two-bedroom apartments in YarraBend&#39;s Artisan Precinct, in a visionary new neighbourhood located alongside the Yarra River.

In the highly coveted suburb of Alphington, the project features impressive 60 sqm one-bedroom apartments for just $420,000.

[smartcode_project:default project_id=107514 project_image_fid=170761]

Designed by DKO Architecture, these apartments include European appliances, high-quality details, open-plan living spaces flooded with natural light from floor-to-ceiling windows and easy access to your private balcony.

&ldquo;YarraBend is more than a reinvention of inner-city living. It&rsquo;s an acknowledgement that the way we actually live in the world needs to radically change&rdquo;, the project marketing reads.

5. St Boulevard, Melbourne 
Developer: The Shakespeare Group 
One-bedroom apartments from $410,000

[smartcode_project:default project_id=1260 project_image_fid=177981]

One of the latest popular developments on the Melbourne CBD fringe is St Boulevard, the three-tower project by The Shakespeare Group.

Recently completed, St Boulevard offers an unrepeatable location, located in a prime position on the corner of St Kilda Rd and High Street, and at the southern tip of Albert Park Lake.

[smartcode_project:default project_id=1260 project_image_fid=177965]

One-bedroom apartments start from $410,000 in the Elenberg-Fraser designed development, which features long wrap-around balconies and communal amenities designed to bring neighbours together.

These include a private cinema, a games lounge and children&rsquo;s play area, modern living, and luxe lobby.

Urban takes a look at five new developments on the market under $500,000 for investors hoping to get ahead of the anticipated demand.

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Melbourne’s five best apartments under $500k on the market now

A Chinese developer has paid $9.7m for an apartment development site in Hawthorn.

The site holds a permit for a luxury project of 31 apartments.

The project has been designed by architects Jackson Clement Burrows at 43 Riversdale Road.

The corner site has frontage of 34 metres to Riversdale Road plus 62 metres to Through Street.

Zoned within a Residential Growth Zone 1, the site was sold through Benson Zhou, Julian Heatherich and Nick Garoni of Savills Australia.
 
“The luxury apartment market continues to see unwavering demand from developers who are confident in strong apartment resales allowing them to compete aggressive to secure sites,"  according to Benson Zhou.

He noted the level of enquiry seen on development sites in the past six weeks had increased substantially.

The sales team took 152 enquiries throughout the campaign.

Hawthorn’s median unit price sits at $1,453,750 for three bedroom apartments, according realestate.com.au.

The site holds a permit for a luxury project of 31 apartments

Chinese developer buys 31 apartment Hawthorn development site

Developers Tribeca and Jayland Group have teamed up to deliver the suburb of Plumpton, near the well-established suburb Caroline Springs, fixed-price&nbsp;house and land packages at Majesty Estate.

It&#39;s just $607,000 to secure a house and land package, which includes the one-level, four-bedroom home.

Majesty has been a popular choice for new home buyers thanks to its affordability, easy access to the CBD, and growing amenities within easy reach.

As the newest estate in Plumpton, it offers sustainability, connectivity and established amenities designed for modern living.

[smartcode_project:default project_id=28198 project_image_fid=155419]

Surrounded by quality educational institutions and various shopping centres, you will be right in the heart of a vibrant location so that the whole family&rsquo;s needs are met.

Each home features one ensuite and one family bathroom as a minimum, while some floorplans feature an extra toilet and refreshment room for added comfort.

Single-storey, four-bedroom, two-bathroom homes are currently available, offering alfresco space that blends your indoor and outdoor spaces, flexibility, and full turnkey inclusions.

[smartcode_project:default project_id=28198 project_image_fid=155421]

High-quality finishes include window furnishing, quality appliances, manufactured stone benches, air-conditioning and quality joinery.

The developers are committed to continuous improvement in their designs, with a six-star rated energy efficiency rating and seven-year structural warranty upgrade options.

Plumpton has&nbsp;convenient public transport options and accessible roads makes thanks to the M8 motorway and the newly upgraded Rockbank Train Station.

The house and land packages on offer are ready to move into straight away, with no hidden or extra costs.

[smartcode_project_cta: project_id=28198]

Situated in Plumpton, Majesty Estate is a popular choice for new home buyers thanks to its affordability, easy access to the CBD and growing amenities within easy reach

Majesty Estate offering affordable house and land packages in Plumpton 

The Victorian Government has launched a $500 million homebuyer fund that will see the government own a share of 3,000 homes.

Eligible homebuyers can now receive a contribution of up to 25% towards the purchase price of their property, reducing their deposit while avoiding the need to pay Lenders Mortgage Insurance.

The state&rsquo;s Treasurer Tim Pallas says the Victorian Homebuyers Fund (VHF) will help more of the state&rsquo;s residents buy a home.

Most recipients are expected to have a 5% deposit for the house, townhouse or apartment.&nbsp;

The maximum purchase price must be $950,000 or less in Metropolitan Melbourne and Geelong, or $600,000 or less in other eligible regional locations.

The purchase can be for an existing or new property provided that a certificate of occupancy has been issued prior to the date of the contract of sale.&nbsp;

Off-the-plan property purchases are not eligible.

The property must also be vacant when purchased or, if under a lease, the lease must expire within 12 months of the acquisition date and any tenants must vacate the property.

The government will keep a stake in the home until the property is sold or the owner buys out its share.&nbsp;

&ldquo;We will put that money back into the fund, so this will become self-sustaining in all likelihood, given the continuing and historical appreciation and value of assets over time,&rdquo; Pallas said.

To be eligible to participate in the Homebuyer Fund, you need to be an Australian citizen or permanent resident, and earn $125,000 or less per annum for individuals, or $200,000 or less per annum for joint applicants.&nbsp;

Participants must occupy the purchased property as their principal place of residence.

They can not purchase the property from a vendor who is a related person.

The Real Estate Institute of Victoria (REIV) welcomed the Victorian Homebuyer Fund saying it seemed to be &quot;a sensible policy that will be particularly helpful to [first-time] entrants in the property market.&quot;&nbsp;

The Victorian Treasurer denied the scheme would further push up house prices.

&ldquo;It&rsquo;s not something that will effectively augment the price,&rdquo; he said.

&ldquo;We&rsquo;re not putting more money into people&rsquo;s pockets &hellip; we&rsquo;re giving them the opportunity to participate in a competitive market.&rdquo;

Recipients do not need to be first home buyers, but cannot currently own a property.

The Victorian fund is an expansion of the $50 million HomesVic Shared Equity Initiative, which helped more than 330 households into the market.&nbsp;

The maximum purchase price must be $950,000 or less in Metropolitan Melbourne and Geelong, or $600,000 or less in other eligible regional locations

Who is eligible of the Victorian Homebuyers Fund (VHF)?

Time Out&#39;s annual list of the 49 coolest neighbourhoods in the world, ranks the Melbourne suburb of Richmond as tenth on the list.&nbsp;

Richmond is the best-performing Australian suburb on the list, beating out Sydney&#39;s Surry Hills at 19.&nbsp;

The rankings were based on the Time Out Index survey, which this year polled 27,000 city-dwellers on what they loved and loathed about where they live.&nbsp;

Time Out&#39;s panel of experts then ranked the suburbs, noting key aspects including food, drink, nightlife and suburban culture.

&quot;Judges paid particular attention to how communities have been looking after each other, as well as their green credentials as we tackle the climate crisis that affect us all,&quot; said Time Out editorial director Cassidy Knowlton.

[smartcode_project:default project_id=95458 project_image_fid=169948]

&quot;Richmond is a close-knit community,&quot; she noted.

Recent apartment offerings include the boutique Richmond townhouse project, Gramercy Terraces at the site of the former Nine Network studio in Bendigo Street, Richmond.&nbsp;

Lendlease released three and four bedroom freehold townhouse, designed by architects Bates Smart priced from $1.85 million in April.&nbsp;

[smartcode_project:default project_id=95458 project_image_fid=169944]

The Degroup Property Development founded by Colin DeLutis in 1973, saw its Sprout Richmond development sell out earlier this year. It was 15 townhouses set to achieve a 6.7star NatHERS rating, translating to a reduced carbon footprint and cost savings on energy bills at 62 Glass Street.

[smartcode_project:default project_id=8040 project_image_fid=26415]

Apartments remain for sale at TWO51 on Swan, with a grand lobby rich with gold detailing and art deco opulence, set back off Richmond&#39;s bustling Swan Street.&nbsp;

The Blueprint Projects development has been architecturally designed by Watson Young Architects, with a collection of 28 two, three and four bedroom residences.

[smartcode_project:default project_id=3298 project_image_fid=30548]

Another project, with a 2022 completion date, and with prices from $1.35 million, is the Shelley St development which will feature nine townhouses with two and three bedrooms across three floors.

Private and spacious rooftop courtyards and street facing garden entrances create a special sense of home with a dedication to greenery and tranquil outdoor spaces at the project designed by DKO Architecture and SLAB.

[smartcode_project:default project_id=13629 project_image_fid=49377]

Time Out has ranked Richmond 10th on its annual list of the coolest neighbourhoods in the world

Current buying opportunities in Richmond, Time Out's 10th coolest neighbourhood

It is more than just the affordable price and a desirable Bayside location that stand out about Southend Property Group&rsquo;s boutique apartment development, Southend, Brighton.

The 22 apartment have been carefully designed by the team at Metaxas Architects to match their prestigious address.&nbsp;

Every apartment across the three level building features elegant open plan living spaces that flow cleanly to a balcony or terrace.&nbsp;

[smartcode_project:default project_id=94152 project_image_fid=171495]

The indoor and outdoor spaces have an organic flow and are intended to offer maximum functionality in a luxurious setting, with large sliding glass doors creating a welcoming space for entertaining or relaxing.&nbsp;

A sleek design aesthetic is shown across the carefully appointed kitchens. Blossom White cabinetry blends with stone benchtops and mirrored splashbacks, while Miele appliances and ample storage create a useful culinary space.

[smartcode_project:default project_id=94152 project_image_fid=171496]

Select two-bedroom apartments also feature a study with apartment sizes ranging from 81 sqm - 93 sqm.

Southend completely blends with the relaxed beachside lifestyle that is synonymous with Brighton while remaining affordable for both first-home buyers and investors.

[smartcode_project:default project_id=94152 project_image_fid=171494]

Prices start as low as $549,000 for one of the 10 one-bedroom apartments at Southend, and $694,000 for one of the 12 two-bedroom apartments, almost half the price of the next-most affordable apartment complex in Brighton.

Completion is estimated for December 2022.

[smartcode_project_cta: project_id=94152]

The 22 apartment have been carefully designed by the team at Metaxas Architects to match their prestigious address.

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