<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Joel Robinson

Smith by Valli delivers a refined collection of luxury residences to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<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.”

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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.”

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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.

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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.

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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 Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio'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;

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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 Studio, with landscape design by LDG Landscape Architecture.

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 unique detailing and compelling design,"&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]

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

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

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>

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Ellen Walker

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

ASX-listed developer&nbsp;<a href="/developers/cedar-woods">Cedar Woods</a>&nbsp;has acquired a development site in&nbsp;Fairfield, Victoria, as part of the company's more assertive acquisition strategy.

The 11,600 sqm site is uniquely positioned between the Yarra River and Merri Creek parklands, has over 200m of direct frontage to Fairfield Park, and is located only 4.2km from the Melbourne CBD, with the elevated site boasting uninterrupted views of the city skyline.

The site, which is zoned for the intended residential use, will be developed into a mid-rise, multi-stage apartment project, yielding approximately 300 dwellings that will command premium pricing due to the sought-after location.

The site was acquired from a private vendor for $50m on deferred payment terms, with payments to be made in 2027 and 2028.

Sales for the project are expected to be launched in FY27, and with first stage settlements expected in FY29 or earlier, subject to approvals and market conditions.

According to research house, Charter Keck Cramer, Melbourne is projected to have a chronic shortfall in apartments of around 23,500 in coming years with apartment commencements at their lowest level in over 15 years. The total number of approved homes fell by 5.7% in April to 14,633, according to data just released by the ABS.

Cedar Woods’ Managing Director, Nathan Blackburne, said the acquisition will augment the Company’s current Victorian portfolio and provide quality apartments in a market where a significant undersupply is forecast.

“We see Melbourne as an opportunity for counter-cyclic acquisitions of quality sites and are preparing for increased homebuyer demand as purchasers respond to lower interest rates and supportive government policies,"&nbsp;Blackburne said.

“Cedar Woods will craft a premium design for the site to make the most of its unique park-front location and uninterrupted views of the CBD and local area.”

Builder availability in Victoria is superior to other states and extensive work has been undertaken to determine expected construction costs, with multiple builders capable of delivering such a project at competitive prices. Risks will be mitigated through presales, further builder due diligence, and contract structure.

“With our strong balance sheet, and favourable macro conditions, Cedar Woods is continuing its strategy of diversification – by product type, price point, and location – and strengthening our portfolio with quality sites that we can deploy into an undersupplied market”, Blackburne added.

The acquisition comes after the recent announcement of the acquisition of a South Australian site at which the company is planning a premium masterplanned community.

Sales for the project are expected to be launched in FY27, and with first stage settlements expected in FY29 or earlier, subject to approvals and market conditions.

Cedar Woods acquires Fairfield site for new residential development

There aren’t many luxury penthouses in Fitzroy, fewer still that offer unobstructed views, two separate living zones, and over 300 sqm of living space. Especially in a Melbourne suburb better known for terrace houses and converted warehouses than for vertical-scale opulence.

But well-known local developer <a href="/developers/sma-projects">SMA Projects</a> has reserved the entire top floor of its newest apartment development,&nbsp;<a href="/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent Fitzroy</a>, for two apartments, but one very distinct penthouse that will stand unrivalled in the popular inner-city suburb.

[smartcode_project:default project_id=24824 project_image_fid=304614]

The penthouse, with its immense north-facing view, is the largest in the block. The four-bedroom residence has been cleverly designed by Hayball Architects to include two separate living areas, accommodating a variety of household needs, from young families wanting a second space for children, to those approaching the empty-nester stage, with adult children studying at university.

At the heart of the home is a central kitchen, designed and realised by the renowned interiors team at Studio Tate. It is anchored by a full-length island bench with an overhang intended for casual dining and entertaining. It also includes a full butler’s pantry, an inclusion more typically found in high-end houses than in city apartments.&nbsp;

This open-plan space, which incorporates the main living area and a dedicated dining zone, is framed by a wraparound terrace that is deep and long enough to accommodate multiple lounge areas, a dedicated outdoor kitchen, and an alfresco dining space.

[smartcode_project:default project_id=24824 project_image_fid=304613]

The master suite features a walk-through wardrobe, a double vanity, a freestanding bath, and a shower, and it opens directly onto the terrace. Easily the showstopper at this old Fitzroy theatre site of its original namesake. Each of the three additional bedrooms also includes their own en-suite with showers.

To preserve the functionality of the main living areas, Studio Tate has demonstrated refined design thinking to incorporate a separate study, featuring a long, integrated desk ideal for multiple work-from-home setups, tucked privately away from the main living zones. Meanwhile, the laundry, often squeezed into a butler’s pantry in more typical compact designs you’d find throughout Fitzroy, has been given its own fully dedicated room.

[smartcode_project:default project_id=24824 project_image_fid=304603]

The Regent occupies the former site of the old Regent Theatre, which was demolished in the early 1980s. In response to this storied inner Melbourne history, SMA Projects, Hayball Architects and Studio Tate have drawn subtle references from the site’s cinematic past through materiality and form.

The Regent's design includes curved motifs, tactile surfaces, and dual interior palettes which were inspired by the glamour and texture of the classic cinema architecture of the original building.

While both top-floor apartments benefit from the development’s broader architectural language, the penthouse asserts a distinct presence through its positioning, size, and north-facing outlook.

The Regent presents a considered selection of luxurious, hotel-inspired amenities—including concierge service, a private guest suite, resident workshop, dog wash station, and curated ground-floor retail—designed to offer comfort, convenience, and a lifestyle defined by distinction.

[smartcode_project:default project_id=24824 project_image_fid=304615]

Importantly, all apartments in the building offer on-title car parking with no stackers or car lifts, a practical point of difference that will appeal to owner-occupiers.

Positioned in one of Fitzroy’s quieter pockets, The Regent is still within walking distance to Brunswick Street, Smith Street, and Carlton Gardens.

Tram connections also place the city within eight minutes of the CBD, while surrounding dining, cultural and retail amenities remain a drawcard for local and interstate buyers alike.

The Regent will comprise 64 one, two, and three-bedroom apartments, with two-bedroom, two-bathroom residences starting from $699,000 and the penthouse selling at $8,500,000.

Currently, off the plan apartment buyers in Victoria can purchase with no stamp duty for a limited time only.

[smartcode_project_cta:default project_id=24824]

SMA Projects unveils its luxury penthouse crowning The Regent Fitzroy

Brighton has long held a special place in Melbourne’s property landscape, renowned for its iconic bathing boxes, pristine beaches, and lively retail strips along Church and Bay Streets. It’s a suburb synonymous with prestige and lifestyle.

Yet, for all its allure, Brighton has had a surprising gap in the market: a lack of high-quality townhouses that strike the right balance between apartment-style convenience and house-sized living.

It was a gap that boutique townhouse developer Sloane Property not only identified, but set out to fill. Sloane secured a prime site at 111 Carpenter Street, near North Brighton Station and Bay Street, to deliver just seven exclusive two- and three-level townhouses.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/1dfEImIKH3k?si=hDTy8gMPKUO4GmF6" title="YouTube video player" width="560"></iframe>

Well under construction and set to welcome buyers later this year, 111 Carpenter has been designed to suit&nbsp;families, downsizers, and professionals looking for the perfect balance of space, style, and location.

Designed by award-winning architecture firm <a href="/architects/megowan-architectural">Megowan</a>, the homes take full advantage of the site’s northern orientation, allowing natural light to flood into expansive open-plan living areas.&nbsp;

[smartcode_project:default project_id=7517 project_image_fid=218198]

Taylor Dow highlights that what sets this project apart is how well it fits into Brighton’s vibrant fabric.&nbsp;

“Each three and four-bedroom townhome is north-facing to capture an abundance of natural light, and they all have landscaped garden courtyards designed by the well-known landscape architect <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>," Dow says.

Just moments from elite schools, retail precincts, parks, and the beach, the location is as practical as it is picturesque.&nbsp;

“Sloane identified Carpenter Street as the perfect spot for townhouse living,” Dow adds.

“Residents will be a short walk from Church Street and Bay Street retail and dining strips, several public and private schools, and North Brighton Station, which is only a 20-minute train commute into the city.”

[smartcode_project:default project_id=7517 project_image_fid=301405]

With builder <a href="/builders/virgon-construction">Virgon Constructions</a> nearing completion, buyers won’t have to wait long. The homes are on track for occupancy this September.

Adding further appeal is Sloan’s limited-time offer, allowing purchasers to secure a home with just a five per cent deposit, coupled with significant savings from the Victorian government’s temporary stamp duty abolition.

[smartcode_project_cta:default project_id=7517]

Well under construction and set to welcome buyers later this year, 111 Carpenter has been designed to suit families, downsizers, and professionals looking for the perfect balance of space, style, and location

Brighton's missing middle: Inside Sloane's 111 Carpenter townhouses

Developer&nbsp;<a href="/developers/rcorporation">R.Corporation</a>&nbsp;has launched the second and final tower in its mixed-use South&nbsp;Melbourne&nbsp;precinct.

<a href="/new-apartments/r-evolution-south-melbourne-253-normanby-road-south-melbourne-vic-3205">R.Evolution</a> follows in the footsteps of&nbsp;the highly successful <a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>, located on the western half of the prime Normanby Road site that&nbsp;<a href="/developers/rcorporation">R.Corporation</a>&nbsp;acquired nearly a decade ago.

The majority of the 456 apartments in the 31-level&nbsp;<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>&nbsp;tower—designed by&nbsp;<a href="/architects/plus-architecture">Plus Architecture</a>— have sold, with just a handful of premium residences and townhouses remaining.

[smartcode_project:default project_id=150341 project_image_fid=1499]

R.Evolution continues in the same vein as its predecessor, offering a mix of one-, two- and three-bedroom apartments, townhouses and sub-penthouses.

Much like&nbsp;<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>, which made headlines for its 30+ resident amenity offerings, including a rooftop running track, R.Evolution will add a host of new amenity.

The new 41-level tower includes a wellness Centre with a yoga and Pilates room, a second swimming pool, a magnesium spa and infrared sauna. Additionally, a co-working centre, table tennis tables, golf simulator, putting green, library, hotel-style lobby, private dining room and wine tasting room will also be added.&nbsp;

[smartcode_project:default project_id=150341 project_image_fid=1493]

R.Evolution also shares a podium with R.Iconic, giving R.Evolution residents access to the already established rooftop level—featuring a running track, indoor and outdoor gyms, sauna and steam room, dining pavilions, BBQ areas, fire pits, a children's playground, over an acre of Paul Bangay-designed gardens, and a pool.

Construction firm&nbsp;<a href="/news/maxcon-appointed-as-builder-for-adelaide-s-penny-place-development">Maxcon</a>&nbsp;has already commenced work on R.Evolution, with completion expected in 2027.

[smartcode_project:default project_id=150341 project_image_fid=1516]

<a href="/buildings/r-iconic-south-melbourne-259-normanby-road-south-melbourne">R.Iconic</a>&nbsp;was awarded Victoria’s Best Lifestyle Development at the 2023 PropertyGuru Awards—recognised not only for its extensive resident amenity offering, but also for its prime location at&nbsp;<a href="/developments/the-junction-nsw-2291">the junction</a>&nbsp;of South&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>,&nbsp;<a href="/developments/southbank-vic-3006">Southbank</a>, Port&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>, and the fringe of the CBD.

The entire precinct has been positioned as a "15-minute neighbourhood," with walking access to&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>’s extensive tram network, South&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>&nbsp;Market, and the&nbsp;<a href="/developments/melbourne-vic">Melbourne</a>&nbsp;Exhibition Centre.

R.Corp is hosting a Grand Launch event on Saturday, June 28, in the R.Evolution Display Suite at 52 Boundary Street, South Melbourne, between 10am and 4pm.

[smartcode_project_cta:default project_id=150341]

R.Corp is hosting a Grand Launch event on Saturday, June 28, in the R.Evolution Display Suite at 52 Boundary Street, South Melbourne, between 10am and 4pm

R.Corporation launches R.Iconic sister tower, R.Evolution

Dromana has long held a special place in the hearts of Victorians, thanks to its unique combination of natural beauty, laid-back charm, and rich local character. Tucked between the gentle curve of Port Phillip Bay and the dramatic rise of Arthurs Seat, the town offers a postcard-perfect setting that has drawn visitors for generations.

In the early 1900s, Dromana became a popular seaside retreat for Melbourne families escaping the city in search of sun, sea, and sand. Back then, holidaymakers would arrive by steamship or overland, setting up summer camps along the foreshore or booking rooms in charming guesthouses. The tradition continues today, with the town’s calm, safe beaches, colourful beach boxes, and scenic picnic spots offering a nostalgic slice of the “classic Aussie summer.”

Beyond the beach, Dromana is also adored for its access to nature. The climb to the summit of Arthurs Seat rewards with sweeping views over the Bay, while nearby trails and nature reserves make it easy to immerse yourself in the great outdoors. Food and wine lovers are equally spoiled, with wineries, breweries, and fresh produce at farm gates just minutes away.

But perhaps what people love most about Dromana is its balance. It’s lively without being hectic, close to everything yet far enough away to feel like a true escape. Its community is welcoming, creative, and close-knit—where weekend markets, surf clubs, and local festivals are part of everyday life.

It was all of the above and more that drew Melbourne developer Samuel Property to the area.

Samuel, led by Illan Samuel, has managed to create an unrepeatable, near-two-hectare site across the road from the beach for a new townhouse community: Hali Dromana, one of the first new developments in the coastal locale where four out of five dwellings are standalone houses.

Samuel says HALI Dromana is a location that will never be repeated along the Mornington Peninsula.

"Hali is a place where you can cross the road to the beach, take a short stroll to the shops, or relax in over 5,000 sqm of thoughtfully designed communal spaces. We're creating a true community, built on nearly 20 years of experience delivering high-quality, customer-focused residences."

[smartcode_project:default project_id=147112 project_image_fid=330356]

The 70 new two-, three- and four-bedroom townhouses are just a stone's throw from everything Dromana has to offer—from the Dromana retail strip with cafes, restaurants and boutique retailers, to the&nbsp;Dromana 3 Drive-In and the picturesque Dromana pier.

Hali, designed by Cera Stribley, reimagines the quintessential Australian beach house of the 1960s.

[smartcode_project:default project_id=147112 project_image_fid=330350]

The development embraces open, airy spaces and natural materials, reflecting the laid-back yet refined lifestyle Dromana is known for.

Blair Property Group Director Darren Blair, who is exclusively selling Hali, says it is the next logical step for some - a chance to downsize without compromise.

"Large, light-filled homes with thoughtful floorplans, optional lifts, and lock-up-and-leave convenience offer a lifestyle upgrade, not a trade-off," Blair says.

"For others, it’s the beach house dream made real: a place for epic summers with the kids, backyard barbecues after long days by the bay, and ultimately a full-time home for the next chapter of life."

Blair says it’s not just the exceptional architecture by Cera Stribley or the proximity to the pier, cafes, and wineries that’s driving early interest—it’s the chance to truly own your space.

"Buyers are already customising their homes, adding lifts and design features that speak to how they want to live. And that’s the real appeal: a home that fits you, in a place that feels like it always has.

The few buildings that were on the prime site have started to be demolished, and civil works on the land will begin in the coming months. Completion of Hali is slated for mid-2027.

[smartcode_project_cta:default project_id=147112]

Hali introduces a new way to live in Dromana’s timeless coastal charm

Young first home buyer Elycia didn’t expect to become a property investor when she purchased an off the plan townhouse at Development Victoria’s <a href="/new-townhouses/luma-sunshine-north-247-st-albans-road-sunshine-north-vic-3020">LUMA</a> masterplanned community in <a href="/developments/sunshine-north-vic-3020">Sunshine North</a> several years ago.

“I’d been saving for a while, and it felt like a good time to get into the market,” Elycia said of her purchase.

When she visited the display suite, she could immediately see herself living there, thanks to the variety of thoughtfully designed floorplans.

“I fell in love with how the floorplans were laid out — especially how the living room was positioned quietly away from the kitchen and dining area,” she said.

[smartcode_project:default project_id=27783 project_image_fid=96896]

Having watched her parents build a home from scratch, Elycia was grateful for a simpler path.

“I wanted something with as few choices as possible. Just pick a colour scheme and go,” she said. “You didn’t have to pick bricks, carpet, or underlay — it was all done.”

She selected the light colour scheme and opted for a few upgrades like a premium benchtop, but kept most fixtures standard.

[smartcode_project:default project_id=27783 project_image_fid=255556]

While COVID lockdowns delayed the delivery of her three-bedroom home near Sunshine Station, Elycia, a teacher, said <a href="/developers/development-victoria">Development Victoria</a> was transparent throughout the process.

The fact that Development Victoria is operated by the Victorian Government was a big reason I felt confident buying from them,” she said, adding that she was pleased with their clear communication around the delays, which were widely felt across the building industry.

“It felt slow at times, but once I could physically see the building taking shape, it all started to feel real.”

Importantly, the original purchase price remained unchanged — something Elycia appreciated.

“There weren’t any extra costs passed on to us. I’d paid my deposit, and the balance stayed the same," she said.

[smartcode_project:default project_id=27783 project_image_fid=350574]

Elycia had planned to move in and transfer schools once the build was complete in 2025. But life — and opportunity — had other ideas.

“On settlement, I stayed in the home for one night just to take it all in — to feel a sense of accomplishment for doing this by myself,” she said. “It’s now for someone else to enjoy.”

Development Victoria is currently delivering Stage Two of the LUMA masterplan, located between Ginifer and Albion train stations.

The townhouses vary in configuration and design, ranging from one to four bedrooms, and are designed to be all-electric, featuring solar PV, double glazing, and a minimum 7-star NatHERS rating.

A new public park and future links to the broader Sunshine Precinct — set to become a major employment and infrastructure hub — positions LUMA residents to take full advantage of being in a long-term growth corridor with increasing appeal for a wide range of buyers.

[smartcode_project_cta:default project_id=27783]

First home buyer turned investor: How young teacher Elycia bought her home at LUMA in Sunshine North

Searching for your first home can often be a lengthy process — but not for Melburnian James Rothwell, who wasn’t even actively looking when he stumbled across the sales office for <a href="/new-townhouses/olio-officer-corner-of-bridge-road-and-coxon-street-officer-vic-3809">Olio Officer</a>, a new masterplanned community by <a href="/developers/development-victoria">Development Victoria</a> in Melbourne’s South East Growth Corridor.

“There wasn’t really much of a thought process,” James recalled. “I just happened to walk past the display office on my way home from work one day.”

He said he wasn’t armed with a checklist or detailed questions — his curiosity was simply piqued by the location, close to where he grew up.

[smartcode_project:default project_id=84641 project_image_fid=161917]

“I wasn’t going in with a checklist. It wasn’t even a fact-finding mission. I was probably one of the least likely people to walk in and end up buying. But once I learned more about Olio, it all just started to make sense.”

James ended up purchasing a three-bedroom home early in the first stage of the development, well before construction was complete.

“I’ve always preferred new builds over older homes,” he said, adding that the financial structure of buying off the plan suited his situation and steady income.

[smartcode_project:default project_id=84641 project_image_fid=161916]

Once he decided he wanted to buy near his family home, James broadened his search and visited other masterplanned communities in the area.

However, it was the credibility of the Development Victoria brand that ultimately won him over.

“Knowing that Development Victoria was behind the project gave me a lot of confidence. It’s not just a one-off developer — they stand behind what they build and can’t disappear if something goes wrong.”

[smartcode_project:default project_id=84641 project_image_fid=211732]

The location was another key factor. James works in Mulgrave, and the connectivity of <a href="/developments/officer-vic-3809">Officer</a> made the commute easy.

“It’s a straight drive down the Monash, or I can jump on a train at Officer Station — which is right across the road — and be in the city.”

James bought in 2021, when interest rates were at historic lows. While rates have since increased, he said buying off the plan gave him time to save during the construction period, making the transition manageable when it came time to settle.

“It was a chance encounter, but I’m glad I walked into the sales office that day. The home works perfectly for my lifestyle,” he said.

Development Victoria is currently delivering Stage Two of Olio. Over 90 homes were completed in Stage One, which also includes a central neighbourhood park. Homes in Stage Two are now selling, with prices starting from under $500,000.

[smartcode_project_cta:default project_id=84641]

From passing curiosity to first home buyer: James' journey to Olio Officer

Consistency hasn’t been a word used to describe Melbourne’s property market in recent years — at least, not in a positive way.

For a time, it was consistently the worst-performing capital city property market nationally. While values rose across most of Australia, the Victorian capital not only lagged behind but even went backwards.

However, the tide has turned since the start of the year, with the market bottoming out around the same time the RBA delivered its first rate cut.

The June Home Value Index by Cotality (formerly CoreLogic) showed unit values grew by 0.4 per cent in May, continuing the same growth pattern seen in both March and April.

The off-the-plan property market has benefitted from the broader upswing — fuelled not only by rate cuts, but also by extended stamp duty concessions, increased construction confidence, and more new projects entering the pipeline.

&nbsp;

<h2>What happened in Melbourne’s off the plan apartment market in May?</h2>

May marked the extension of the VIC Government's stamp duty abolition. Originally launched in October last year, the scheme allows buyers to pay no stamp duty on any new or off the plan apartment, regardless of price.

Initially set to run until October 2025, the recent VIC budget announced it would be extended to October 2026.

The $61 million initiative aims to reduce upfront costs for buyers and accelerate the construction of new apartments and townhouses across the state. The expanded concession has already saved buyers an average of $24,517, with no price caps or eligibility restrictions.

Read more: <a href="/news/vic/vic-government-extend-stamp-duty-abolition-for-off-the-plan-properties-to-october-2026">VIC Government extend stamp duty abolition for off-the-plan properties to October 2026</a>

Some of Melbourne's leading developers were active in May. Design-led developer Milieu launched their third active development, marking a return to Brunswick, where they’ve already delivered four projects.

Their fifth, Saxon Street by Milieu, will bring 77 apartments to the heart of the Merri-bek Arts and Culture Precinct.

The nine-level building has been designed with sustainability and cultural integration in mind, featuring a 7.5-star NatHERS average rating and all-electric infrastructure.

[smartcode_project:default project_id=136434 project_image_fid=348839]

Located near Brunswick Baths, Balam Balam Place, and the local library, Saxon Street aligns with the council’s vision to transform the area into a civic and cultural hub.

Read more: <a href="/news/vic/saxon-street-by-milieu-to-bring-new-housing-and-urban-design-to-brunswick-s-cultural-core">Saxon Street by Milieu to bring new housing and urban design to Brunswick’s cultural core</a>

&nbsp;

National developer <a href="/developers/lendlease-development">Lendlease</a> broke ground on <a href="/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora</a> at Collins Wharf in May — a strong signal of confidence in the market.

The 28-level tower in Docklands, already over 50% sold, is the third residential building in the six-stage Collins Wharf precinct, which will eventually deliver 1,800 residences and 5,000 sqm of parkland.

[smartcode_project:default project_id=9779 project_image_fid=318931]

Read more: <a href="/news/vic/lendlease-commences-construction-at-ancora-collins-wharf">Lendlease commences construction at Ancora Collins Wharf</a>

There was another significant construction milestone in May with the commencement of the Fishermans Bend Innovation Precinct — a $180 million government-led initiative set to anchor Australia’s largest urban renewal project.

With infrastructure now underway, the 480-hectare site is being primed to support 80,000 residents and 80,000 workers by 2050.

<img alt="Construction begins at Fishermans Bend Innovation Precinct" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-19%20at%2010.16.26%E2%80%AFAM.png?VersionId=5gdJMw44gZyeda9qDGf1DgIpWyn9fFHW" />

Central to the precinct will be the University of Melbourne’s new School of Engineering and Design, opening in 2026. The campus will foster collaboration between students, researchers, and industry leaders, with a strong focus on applied knowledge and practical solutions.

Read more: <a href="/news/vic/construction-begins-at-fishermans-bend-innovation-precinct">Construction begins at Fishermans Bend Innovation Precinct</a>

&nbsp;

At the top end of the market, <a href="/developers/orchard-piper">Orchard Piper</a> and joint venture partner NPACT secured a $20 million sale for the penthouse at <a href="/new-apartments/one-toorak-place-7-19-carters-avenue-toorak-vic-3142">One Toorak Place</a>, setting a new record for the suburb.

<img alt="Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-22%20at%208.59.36%E2%80%AFAM.png?VersionId=V34dKvksgifBKxssOVmnNqO8iPVSPxrE" />

Spanning 560 sqm, the five-bedroom residence includes a private wellness zone and an eight-car garage — redefining apartment living in Melbourne’s most exclusive postcode.

The sale also reflects growing demand for luxury off the plan homes with hotel-style amenities. Construction begins later this year, and the project will deliver 47 residences, plus new retail and dining, including a venue by restaurateur Chris Lucas, to revitalise Toorak Village.

Read more: <a href="/news/vic/orchard-piper-secures-20m-record-breaking-penthouse-sale-at-one-toorak-place">Orchard Piper secures m record-breaking penthouse sale at One Toorak Place</a>

City Beat May 2025: Melbourne units continue recovery as stimulus and construction confidence drives off the plan market

<a href="/developers/gurner">GURNER™ Group</a> has unveiled its latest luxury apartment play in Melbourne.

Gurner is planning 14 luxury residences in Prahran, on the former 130-year-old St&nbsp;Matthew’s Sunday School and Church Hall site at 145-151 High Street, Prahran.

The new development, dubbed <a href="/new-apartments/highgrove-place-145-151-high-street-prahran-vic-3181">Highgrove Place</a>,&nbsp;responds to a rapidly growing demand from downsizers, right-sizers, and discerning young couples choosing location and lifestyle over suburban sprawl.&nbsp;

GURNER™ sees enormous potential in the boutique luxury sector, identifying a generational shift where owner-occupiers seek the feel of a five-star hotel within inner-urban locations.

<img alt="Highgrove Place" data-entity-type="file" data-entity-uuid="b34402c1-b305-4ebd-9e04-1f870604bd4f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GURN11665_145%20High%20St%20Prahran_IA01_Residential%20Entry%20Path%20of%20Life.jpg?VersionId=t5axogTizgy2YcEc3mLB8aIKXfCOXzT1" />

“We are investing further in the boutique space because we strongly believe in the future of luxury owner-occupier living,” said GURNER™ Founder, Tim Gurner.

“People are making lifestyle-first &nbsp;decisions, choosing to live where they love, and demanding residences that reflect their aspirations in &nbsp;both design and experience.”&nbsp;

Built in 1891 and designed by architect Laver &amp; Fick, the striking Gothic architecture, intricate stone masonry and ornate arches of the original site will be highlighted throughout Highgrove Place, with award-winning practice <a href="/architects/cera-stribley-architects">Cera Stribley</a> appointed as architect and GURNER™ Design House leading the interior design.&nbsp;

The architecture takes its cues from the world’s most historic cities and their grandiose hotels, culminating in residences that feel luxurious, exclusive and premium, in a project that pays homage to its history while embracing its future in one of Melbourne’s most sought-after postcodes.&nbsp;

Only 14 residences will be available at Highgrove Place, with prices starting at $1.35 million for a two-bedroom, two-bathroom floor plan.&nbsp;

<img alt="Highgrove Place" data-entity-type="file" data-entity-uuid="f55ccc4c-454b-4e1c-a497-7b6daf8dcb65" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GURN11665_145%20High%20St%20Prahran_IA04_Atrium%20GF_Alt.jpg?VersionId=PMeuYoIe5NooRigcXgR6ueqVcYsce6pZ" />

The pinnacle of Highgrove Place will be its $7.9 million penthouse, which will feature an impressive kitchen complete with custom stone island bench and butler’s pantry, elegant bedrooms that maximise natural light with floor-to-ceiling windows, and a grand dining room that opens onto a private paradise – a terrace space that overlooks Melbourne’s skyline, which was curated by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.&nbsp;

Residents will enjoy access to an elevated suite of rooftop amenities, rooftop amenity will be surrounded by an oasis designed by John Patrick Landscape Architects, and will include a sauna, spa, yoga deck, lounge, dining, hot and cold plunge pools, lounge areas, and entertainment areas, while the ground-floor retail and hospitality spaces will create a boutique destination for Prahran.&nbsp;

Level 1 will feature a full-floor premium commercial space, complete with its own grand staircase and entry, which will be ideal for forward-thinking businesses seeking a prestigious address that embodies grandeur, connection and heritage.

Starting with its awe-inspiring arche,s which make a striking statement, Highgrove Place speaks a &nbsp;language of luxury curves, with a grand staircase spiralling upward from the lobby that provides a dedicated entrance exclusively for commercial tenants to access the building’s private workspaces&nbsp;

Krongold Construction has been appointed to build Highgrove Place and will commence construction in Q3 2025.&nbsp;

Krongold Construction has been appointed to build Highgrove Place and will commence construction in Q3 2025

GURNER™ unveils Highgrove Place at historic Prahran site

As investment in Melbourne’s west accelerates, the Sunshine Precinct is emerging as a key node in Victoria’s long-term urban growth strategy.

Backed by more than $20 billion in public infrastructure projects, this historically working-class area is being quietly repositioned as a future metropolitan centre - one that may reshape how Melbourne’s west grows over the next three decades.

<h2>Strategic repositioning through transport infrastructure</h2>

At the centre of this transformation is Sunshine’s evolving role as a major transport interchange. A series of significant rail upgrades - most notably the Melbourne Airport Rail link - will establish Sunshine Station as a primary hub connecting regional Victoria, the western suburbs, and Melbourne Airport to the CBD.

Currently underway, the Melbourne Airport Rail project will deliver a 30-minute connection between the city and the airport, with Sunshine Station acting as a key transfer point. As part of this, Sunshine is being redeveloped into a transport “superhub”, including new regional platforms, extended concourses, track realignments, and improved signalling infrastructure.

This network shift, supported by complementary projects like the Sunbury Line Upgrade and Metro Tunnel, positions Sunshine at the crossroads of future movement patterns - both within the metropolitan area and beyond.

<h2>Growth Areas: Housing, Jobs and Urban Structure</h2>

Urban growth forecasts model significant shifts in the Sunshine Precinct’s population and job capacity over the next 25 years. According to Victorian Government estimates, the area could support:

<ul>
	<li aria-level="1">70,000 dwellings by 2051, up from 16,000 in 2021</li>
	<li aria-level="1">45,000 residents, compared to today’s estimated 27,000</li>
	<li aria-level="1">26,000 jobs, more than doubling the current base of 10,000</li>
</ul>

Importantly, this growth is concentrated around three primary nodes:

<ul>
	<li aria-level="1">Sunshine Station Precinct – envisioned as a mixed-use transit hub with commercial, civic and high-density residential development.</li>
	<li aria-level="1">Albion Quarter – a large redevelopment area surrounding the rebuilt Albion Station, planned to accommodate a mix of employment land and infill housing.</li>
	<li aria-level="1">Sunshine CBD – a civic and educational centre that includes Victoria University and Sunshine Hospital, with potential for further office-based employment growth.</li>
</ul>

These zones are positioned to support medium-to-high-density outcomes over time, particularly in response to housing supply pressures and the increasing viability of transit-oriented development in Melbourne’s middle suburbs.

<h2>Public Realm and Amenity Improvements</h2>

Complementing the transport infrastructure is a suite of urban realm projects aimed at improving the liveability and walkability of Sunshine.

The Sunshine Station Masterplan, supported by $143 million in government funding, outlines improvements such as:

<ul>
	<li aria-level="1">A new plaza and bus interchange at Station Place</li>
	<li aria-level="1">Shared user paths and landscaped public open space</li>
	<li aria-level="1">A new development site adjacent to the station</li>
	<li aria-level="1">Improved pedestrian connections across the rail corridor</li>
</ul>

Further north, the Albion Quarter Structure Plan is being prepared to support the transition of underutilised industrial land to mixed-use zones, with an emphasis on proximity to public transport and community infrastructure.

Meanwhile, early-stage planning is underway to revitalise Stony Creek, a concrete-lined drainage corridor, into a more ecologically integrated and accessible green space that could serve both flood management and recreational purposes.

<h2>Market and Investment&nbsp;</h2>

Although Sunshine has seen incremental renewal in recent years, particularly within its CBD and civic precincts, its broader built form remains relatively low in scale. Large parcels of land, legacy industrial uses, and fragmented development patterns have historically limited significant private investment.

However, that equation is beginning to change. Government-led infrastructure is laying the groundwork for long-term uplift in land values and development feasibility, particularly for medium- and high-density residential and mixed-use projects within walking distance of key transit points.

The opportunity, for now, lies in the early timing of intervention. As has occurred in precincts like Box Hill and Footscray, public sector certainty around infrastructure often precedes a wave of private-sector response. Sunshine’s relatively flat topography, proximity to established institutions, and substantial redevelopment sites give it a similar potential trajectory.

<h2>New housing opportunities</h2>

Well positioned to take advantage of the future growth in Sunshine is <a href="/new-townhouses/luma-sunshine-north-247-st-albans-road-sunshine-north-vic-3020">LUMA</a>, a vibrant new community by <a href="/developers/development-victoria">Development Victoria</a> - the Victorian Government’s property developer.

Located halfway between Ginifer and Albion Stations and near the upcoming Sunshine Precinct infrastructure, LUMA Sunshine North will feature over 300 townhouses, with Melbourne-based SAW Constructions delivering the first two stages of the development.&nbsp;

The first stage of LUMA has delivered 86 homes, with all residents now moved in and enjoying all that the area has to offer.

[smartcode_project:default project_id=27783 project_image_fid=350574]

More than 3,600 sqm of open space has already been created at the newly opened Willowbark Park which features a playground, BBQs and picnic areas, enhancing liveability and local connection.&nbsp;

A direct connection to the Stony Creek pedestrian path network has also been integrated, seamlessly extending this key link and encouraging active travel both within the site and beyond. A future bridge over Stony Creek will directly link the new community with the existing residential area to the east, improving east–west connectivity.

[smartcode_project:default project_id=27783 project_image_fid=255556]

Development Victoria has recently started construction on Stage two - a mix of 85 two, three, and four-bedroom townhouses to suit a range of households and budgets, from first home buyers and investors to young families and downsizers.

Homes at LUMA are designed with a focus on sustainability and are all-electric, featuring solar PV double-glazed windows, and a minimum 7-star <a href="/guides/what-is-a-nathers-rating-in-new-off-the-plan-apartment-developments">NatHERS</a> energy rating.

[smartcode_project:default project_id=27783 project_image_fid=96896]

Development Victoria is a government agency partnering with industry and communities to create sustainable, liveable places for people. They unlock underutilised land to deliver housing across Victoria, from house and land communities in Officer and Springvale, to mixed-use precincts in Fitzroy and Kew. They build a variety of homes and communities where people can thrive while catering to different budgets, lifestyles and needs so that more people can live where they want to be at prices they can afford.

Stage two of LUMA is now selling and is due for settlement next year. Buyers can secure a home with a 2.5% upfront deposit, and receive a $10k discount on the full price of the homes until June 30.

[smartcode_project_cta:default project_id=27783]

Well positioned to take advantage of the future growth in Sunshine is LUMA, a vibrant new community by Development Victoria - the Victorian Government’s property developer

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