A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

Joel Robinson

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

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?

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"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," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"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."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"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.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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

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

BEKL launch luxury South Melbourne apartments, Vivére on Dorcas 

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

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

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Reservoir townhouse development Ramley Residences set in the heart of nature

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

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

Cedar Woods launch boutique North Melbourne townhouse development, 88 Leveson

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

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

jchancellor-FAypfDUnLy

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

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

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

Kincaid appoint Harris HMC to build West Heidelberg apartment development, Cultivate

Melbourne apartments values spiked over October, performing&nbsp;as well as the city&#39;s house market&nbsp;over the month, according to the monthly Hedonic Home Value Index by CoreLogic.

Apartment values rose one per cent, their highest rise since CoreLogic&#39;s May report, when there was one per cent gains over the April

Melbourne&#39;s rolling quarterly gains are now at 1.7 per cent,&nbsp;following 0.2 per cent gains over September and 0.5 per cent over August.

[smartcode_project:default project_id=2806 project_image_fid=175415]

Across 2020, Melbourne apartment values were flat, and so far in 2021 they&#39;ve grown 7.8 per cent, to a new median $621,000. The median at the start of the year was $576,000.

It&#39;s another month of gains for Melbourne apartments, which haven&#39;t seen a decline in 2021 despite the continued shutdown of immigration due to border closures.

The narrowing gap between house and unit performance comes as house affordability reaches record levels. Over October, that gap only widened across Sydney and Brisbane, with all the rest of the capitals seeing units either perform better, or the same, as houses over the period.

[smartcode_project:default project_id=2929 project_image_fid=137895]

&ldquo;As housing becomes less affordable, we expect to see more demand deflected towards the higher density sectors of the market,&quot; CoreLogic&#39;s research director, Tim Lawless, said.&nbsp;

&quot;House prices continue to outpace wages by a ratio of around 12:1,&quot; Lawless noted.

&quot;This is one of the reasons why first home buyers are becoming a progressively smaller component of housing demand.&quot;

[smartcode_project:default project_id=1260 project_image_fid=177965]

Lawless&nbsp;expects the flick to higher density&nbsp;to occur most prevalently&nbsp;in Sydney than anywhere else in the country. The gap between the median house and unit value is now nearly $500,000. In Melbourne it&#39;s around $350,000. Melbourne&#39;s house median was $972,000 after the one per cent October gains.

&quot;With investors becoming a larger component of new housing finance, we may see more demand flowing into medium to high density properties,&quot; Lawless added.

&quot;Investor demand across the unit sector could be bolstered as overseas borders open, which is likely to have a positive impact on rental demand, especially across inner city unit precincts.&rdquo;

National rents were up 0.7 per cent&nbsp;in October, roughly equivalent to the September&#39;s 0.6 per cent rise.

Apartment values rose one per cent, their highest rise since CoreLogic's May report, when there was one per cent gains over the April.

Melbourne apartment insights: What happened to Melbourne apartment values over October?

First home buyers seeking the suburban comfort of Melbourne&rsquo;s east and strong neighbourhood amenities are embracing the newest townhouse development in Blackburn, Ascend.

Framed by Blackburn&rsquo;s leafy streets, Ascend presents a boutique collection of two, three and four-bedroom townhomes close to abundant lifestyle amenities.

The development makes the most of urban life and natural charm, embracing natural bushland and lakeside views of the nearby Blackburn Lake Sanctuary.

[smartcode_project:default project_id=108704 project_image_fid=179869]

Local residents are encouraged to take advantage of these neighbourhood offerings, including the various walking trails that wind through the nearby Blacks Walk Reserve and Gardiners Creek.

Box Hill Gardens sits just five minutes from the property, where families can enjoy a picnic or barbeque under shady trees, explore playgrounds and utilise the outdoor sports courts and running tracks.

[smartcode_project:default project_id=108704 project_image_fid=179866]

Box Hill and Wattle Park Golf Clubs are located within close proximity to Ascend, primed for a relaxing game of golf, while nearby gyms bring fitness classes and wellness close to home.

The project is also primed to benefit from convenient transport options, major shopping centres and dining and recreational opportunities on offer.

Melbourne CBD is a simple 30-minute commute away via the M3, with train services from Blackburn station and local buses connecting residents to surrounding suburbs. &nbsp;

[smartcode_project:default project_id=108704 project_image_fid=179865]

Accessible shopping options include Laburnum Village, Box Hill Centrum and the eateries that dot South Parade.

According to SQM Research, Blackburn has seen home values grow 6.9 per cent per annum over the past 10 years, stronger than the Melbourne average of 5.6 per cent.

The suburb sits within the highly desired Box Hill school zone, which includes one of Melbourne&rsquo;s most prized public schools, Box Hill High School, and others including Our Lady of Sion College, Blackburn and Laburnum Primary Schools.

[smartcode_project:default project_id=108704 project_image_fid=179867]

Deakin University&rsquo;s nearby Burwood campus is also close by, while Monash University is just a 20-minute drive away.

Carefully considered living spaces exude an immediate sense of belonging thanks to white walls and warm-toned flooring.

Spacious open-plan living and dining areas flow through to large balconies, completing the full indoor-outdoor experience and the ideal space for casual living or entertaining.

[smartcode_project:default project_id=108704 project_image_fid=179868]

Designed by Jesse Ant Architects, the project features high-quality finishes, charming cabinetry, stone benchtops and a sleek splashback.

Stunning minimalism delivers contemporary elegance to townhomes, with soft grey flooring, chrome tapware and a lustrous central island bench providing a casual extension of the formal dining area.

[smartcode_project_cta: project_id=108704]

Framed by Blackburn’s leafy streets, Ascend presents a boutique collection of two, three and four-bedroom townhomes close to abundant lifestyle amenities

An address in the heart of abundant Blackburn amenity: Why first home buyers love Ascend

Buyers of almost every age and demographic have been showing interest in the burgeoning suburb of Preston, now one of Melbourne&#39;s&nbsp;most popular fringe suburbs just nine&nbsp;kilometres north of the Melbourne CBD.

More recently the suburb has been attracting families, due to a growing number of schooling, as well as appropriate-sized housing.

&ldquo;Thanks to a few decades of urban sprawl, Preston is now considered one of Melbourne&rsquo;s hottest northern suburbs. It seems like there&rsquo;s new, hip bars popping up on every corner&rdquo;, Timeout Magazine said.

One of the latest developments set for completion in Preston is&nbsp;Central Preston Gardens, which has completion forecast for late 2021.

&nbsp;

[smartcode_project:default project_id=108725 project_image_fid=179627]

The 16-townhome development is being delivered by the&nbsp;HongKong Sonlam Group and&nbsp;Times Fund.

Situated at&nbsp;223-227 Gower Street, Central Preston Gardens benefits greatly from it&#39;s location, close to T W Blake park, the Preston Oval and the Preston Library.

It is well connected via public transportation as it&#39;s close to Preston Station, Albert Street and High Street.

&nbsp;

[smartcode_project:default project_id=108725 project_image_fid=179628]

There&#39;s new infrastructure in the&nbsp;pipeline 2 kilometers away, with the Victorian Planning Authority currently reviewing plans for a new Preston Market Precinct, taking in 12.5 acres&nbsp;of privately-owned land with integrations with Preston Station and High Street.

&nbsp;

[smartcode_project:default project_id=108725 project_image_fid=179625]

Prices start at $750,000 for a two bedroom townhouse and&nbsp;$900,000 for a three bedder.

[smartcode_project_cta: project_id=108725]

More recently the suburb has been attracting families, due to a growing number of schooling, as well as appropriate-sized housing.



jordan_55689

Why families are now attracted to Preston's more suitable townhouse developments

The Melbourne developer Sunkin Property Group&nbsp;has been given the green light to transform the former CRISO site in Highett into a $500+ million residential precinct that will have a focus on urban renewal, sustainability, nature, and town centre connectivity.

Sunkin seeks to provide a range of dwelling typologies to meet housing demand from singles, couples and families and improve housing diversity in the area.

With a focus on a connected community and urban renewal, the proposed development will benefit from the close proximity of Highett Train station, Highett Town Centre and have a significant positive impact; supporting the local economy, generating new jobs in the area.

Some four hectares of parkland will surround the 9.34 hectare site which will include&nbsp;a new public park and conservation reserve. A new public library is also proposed to be provided by Sunkin on site for the benefit of the community, as well as a Maternal and Child Health Centre, and the undergrounding of overhead HV power lines along Graham Road.

<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">To receive the next update and sales launch of Park Village, enquire here</a>

Central to the development is its focus on connectedness and walkability, with common and public spaces between the built form providing opportunities for neighbours to connect. This is further enhanced via integrated wellness and fitness facilities, including a resident&rsquo;s gym and pool, as well as cafes to activate the park setting.

Sunkin Property Group General Manager Development Lloyd Collins said he&rsquo;s thrilled to have received development approval from Bayside City Council.

&ldquo;Throughout the development application process we really listened to the community and as a result, we received a number of suggestions and great ideas that were included in our proposed amendments to the development plan approval,&quot; Collins said.

&ldquo;We are incredibly excited to deliver a project such as this for the wider community, which not only provides new public amenities and open space, but will have a significant positive impact on the local economy in terms of job opportunities and supporting local businesses.

<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">To receive the next update and sales launch of Park Village, enquire here</a>

&ldquo;We are delighted that council has approved this development plan and we look forward to continuing to work in partnership with council and the wider community to deliver this much needed development. We are seeing pent-up demand within the Bayside area and believe our park setting and connection to the station and vibrant town centre retail will be highly attractive to local buyers.&rdquo;

Within walking distance to Highett train station, the ClarkeHopkinsClarke designed development is set to bolster the Victorian economy, generating 280 jobs per annum during construction, and once complete, will support Highett local traders with $50 million per annum expenditure by 2032.*

Sunkin seeks to provide a range of dwelling typologies to meet housing demand from singles, couples and families and improve housing diversity in the area

Sunkin secure approval for $500 million Highett residential precinct

A 558 sqm Box Hill development site has been listed for sale.

It is being marketed as having12 storey development potential (STCA).

It has 18 metres frontage to Rutland Road and rear laneway access via Ellingworth Parade. 

``The property presents a great opportunity for development within Box Hill’s major activity centre," Teska Carson agent Stephen Speck said.

He said Box Hill had experienced exceptional growth over the last decade.

``Box Hill has been arguably the busiest commercial development zone outside of Melbourne CBD and fringe for at least ten years and that growth looks very likely to continue as the city continues to experience strong population growth and demand for high rise apartment living,’’ Mr Speck said.

``The local community is very well resourced and continues to attract new residents and new business," he said.

The 558 square metre, Commercial 1 zoned site, will be sold subject to leases on two of the four units returning a current annual rental of $38,682 net.   



There is 12 storey development potential 

Latest Victoria Property News

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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Latest Victoria Property News

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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