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

Joel Robinson

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

First look: NewQuest Property proposes new St Ives apartment development

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Melbourne&#39;s apartment values continued to grow over September, posting 0.2 per cent gains according to the property data firm CoreLogic&#39;s monthly index.

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.

Across 2020 Melbourne apartment values were flat, and so far in 2021 they&#39;ve grown 6.8 per cent, to a new median $619,000. The median at the start of the year was $576,000.

Housing affordability continues to worsen nationally, as houses in most of&nbsp;the major capitals outstripped the growth in the apartment market, the exceptions being Hobart and Darwin.

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CoreLogic&rsquo;s national home value index saw dwellings (houses and units combined) jump&nbsp;another 1.5 per cent&nbsp;in September, taking Australian housing values 17.6 per cent higher over the first nine months of the year and 20.3 per cent&nbsp;higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June 1989.

Despite the prolonged growth of dwelling prices, the growth has eased back slightly from the peak growth rate in March nationally dwelling values increased by 2.8 per cent.

CoreLogic&rsquo;s research director, Tim Lawless, believes the slowing growth conditions are the result of higher barriers to entry for non- home owners along with fewer government incentives to enter the market.

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&ldquo;With housing values rising substantially faster than household incomes, raising a deposit has become more challenging for most cohorts of the market, especially first home buyers,&quot; Lawless said.

&quot;Sydney is a prime example where the median house value is now just over $1.3 million. In order to raise a 20 per cent&nbsp;deposit, the typical Sydney house buyer would need around $262,300.

&quot;Existing home owners looking to upgrade, downsize or move home may be less impacted as they have had the benefit of equity that has accrued as housing values surged.

The number of owner-occupier first home buyer loans has fallen by -20.5 per cent between January and July, as the impact of the tapering of government stimulus continues to show.

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Lawless notes that over the same period,&nbsp;the number of first home buyers taking out an investment housing loan has increased, albeit from a low base, by 45 per cent.

&quot;This suggests more first home buyers are choosing to &lsquo;rent vest&rsquo; as a way of getting their foot in the door,&rdquo; Lawless said.

The September quarter saw unit values rising faster than house values across regional Australia.

&quot;This is probably a reflection of stronger demand for downsizing options and holiday homes in popular coastal markets,&rdquo; Lawless suggested.

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Investors are back looking at the local apartment market. Unit rents now rising faster than houses across Melbourne (1.3 per cent for units, 1.1 per cent for houses).

&ldquo;This is a significant change in rental market trends, where previously the unit precincts, especially inner-city high-rise areas of Melbourne and Sydney, were acting as a drag on rental growth,&rdquo; Lawless said.

Yields are low in the major capitals, however so are investor mortgage rates, Lawless notes.&nbsp;

&quot;In July, the average three-year fixed rate for a new investor loan was 2.38 per cent, while variable rates were averaging 3.01 per cent.&quot;

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Lawless says the coming months are likely to see advertised stock levels move higher.

&quot;The spring selling season has been delayed to some extent by lockdowns in Sydney, Melbourne and Canberra, however the recent trend has shifted towards a rising number of new listings.

&quot;As demand becomes more constrained from worsening affordability and potentially tighter lending conditions, advertised stock levels may start to normalise over the final quarter of the year.

&quot;This could take further heat out of the market as buyers benefit from more choice and less urgency.&quot;

The number of owner-occupier first home buyer loans has fallen by -20.5 per cent between January and July, as the impact of the tapering of government stimulus continues to show

Melbourne apartment insights: What happened to Melbourne apartment values in September?

A $95 million apartment building, dubbed &ldquo;Fitzroy Fitzroy&rdquo;, has been proposed by Melbourne developer Chapter Group.

The nine storey Smith Street project is set to have 63 apartments, ranging in price from $570,000 to $3.7 million, plus six townhouses.

It will have 575 square metres of ground floor retail space across three tenancies fronting Smith and Leicester streets, replacing the flagship Kathmandu store in Melbourne.

The mixed-use project at 411-421 Smith Street has been designed by architect, DKO with trapezoid shaped upper levels to accommodate setbacks.

There will also be 679 sqm&nbsp;of office space in the joint venture between Chapter, CDL Australia and Crema Group.

<img alt="" height="768" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/chapter_group_fitzroy_smith_st_2.jpg" width="1200" /> 
The mixed-use project&nbsp;with trapezoid shaped upper levels to accommodate setbacks. Image credit: DKO 
&nbsp; 
CDL is a subsidiary of Singapore-listed City Developments, which has a pipeline of 800 units in Brisbane and Melbourne.

Chapter paid around $20 million for the 1820 sqm site in 2019 which contains a single and double-storey red brick interwar complex originally comprising a workshop and garage.

Its sale marketing advised the two tenants, Kathmandu &amp; Bellboy were on leases expiring March 2022 paying $580,000pa.

Haus Apartments, at 416 Smith Street, directly opposite the site, has been redeveloped with an eight-storey residential tower with set back above a two-storey podium on the street.

Its recent projects have included Ukiyo at 2 Porter St, Prahran and Monument at 608 Orrong Rd, Armadale.

Chapter Group proposes a nine level building at 411-421 Smith Street 

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Fitzroy Fitzroy - 63 apartments proposed for Chapter Group's Fitzroy development

When looking for your new home, location is, without a doubt, one of the most important things to take into consideration, which is why we always see an increase in demand when a well-positioned development hits the market.

One of our exciting new listings in the popular area of Heidelberg West&nbsp;is Cultivate. Take a look at our apartment spotlight video:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/AnfN5Bc_HvE" title="YouTube video player" width="660"></iframe>

<h2>CULTIVATE&nbsp;AT A GLANCE</h2>

Developer: Kincaid 
Estimated completion:&nbsp;Late 2023 
Address:&nbsp;294 Bell Street, Heidelberg West VIC 3081

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Developer Kincaid’s Cultivate is commencing construction at the end of the year and offers an affordable collection of 1, 2 and 3 bedroom homes bordering Heidelberg West and Ivanhoe.

Looking at Cultivate's location, we know these homes are going to sell quickly. It's situated on the fringe of Melbourne's top hospital precinct, minutes from La Trobe University and at the quiet, tree-lined end of Bell Street, with a bus to the city right from your doorstep.

At the weekends, you can enjoy spending time at Darebin Creek Forest Park and Warringal Parklands or venture 10 minutes south to Ivanhoe Golf Course.

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Cultivate will feature 146 residential apartments spread across two towers, with a rooftop barbeque area offering some of the best skyline views in the city.

We particularly love this space as it provides the perfect zone to spend summer evenings enjoying an alfresco meal with friends and family. You can also use the area to work outdoors, relax in the sun with a good book, or watch the sunrise with a cup of coffee.

Each thoughtfully designed apartment uses timeless materials.&nbsp;There's a selection of two colour palates available. The dark scheme offers chic charcoal cabinetry and grey tiles, while the light option features Scandinavian light oak joinery and ivory tiles.

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The benches feature smooth curved edges, which is an innovative look we haven't seen often; plus, each home features integrated Smeg and Fisher &amp; Paykel appliances, as well as four-burner gas hobs.&nbsp; &nbsp;

The bathrooms are very generous in size and ultra-modern. Semi-frameless showers are stylish and the perfect cost-effective alternative to frameless – and I particularly love the added modern detail of the brushed stainless tapware.

Secure a 2 bedroom, 2 bathroom, home from just $556K, we think the development offers excellent value for money in this coveted area.&nbsp;

To learn more about Cultivate, enquire today and let us help you find the perfect home.

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Olivia Round

APARTMENT SPOTLIGHT: Cultivate by Kincaid in Heidelberg West, Melbourne

Due North is the latest development by the respected Melbourne developer Caydon Property, located in the hive of Melbourne&#39;s lively Preston precinct.

Inspired by the industrial past of Preston, the&nbsp;fa&ccedil;ade of the 12-level High Street building features raw brickwork, exposed concrete, custom metalwork and glass.

Caydon aren&#39;t like most developers, whose standard practice is to outsource the architecture and design to an independent firm.

Urban recently sat down with&nbsp;Giuditta De Santis, Caydon&#39;s&nbsp;director of architecture and design, to discuss the Melbourne development.

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MK: Due North was managed and delivered by Caydon&rsquo;s in-house team. Why do you think this adds value to the project?

GDS: Working in-house allows us to take full ownership of the project, and helps simplify decision making.

Our team is very experienced and resourceful, and working in-house helps us maintain control of the overall design and ensure material consistency.

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MK: What was the design brief for the Architecture &amp; Design Team?

GDS: We wanted to ensure that the interiors reflected the modern yet eclectic vibe of the suburb.

So when looking at finishes and fixtures, we created a contemporary palette of stone, marble, timber flooring and a choice of grey or charcoal colour palettes.

MK: What spoke to you about Due North in particular?

GDS: Due North has a fantastic location, right in the hive of High St. Preston is a very vibrant suburb and has a great amount of local amenities.

We wanted the size of the project to reflect the area, so it&rsquo;s a more boutique-style development. &nbsp;

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MK: Due North boasts a number of communal amenities. What are some of the amenities and benefits that residents can expect to enjoy?

GDS: Many of Due North&rsquo;s amenities are located on the rooftop, giving you stunning views of the city - which is quite unusual in this area. There&rsquo;s also a rooftop pool, yoga lawn, outdoor gym, and private entertaining booths with BBQs.

I think this space will be hugely popular with residents, as it allows them to form new connections in a safe and peaceful environment.

Shared spaces create a feeling of community in the building, especially in times where many of us value our immediate community, including our neighbours.

Working from home has also cemented itself in our 9-5 culture, so there are a variety of coworking spaces in the lobby. Each space is equipped with everything you&rsquo;d need to set up your laptop and work from home.&nbsp;

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MK: What design features have you included that the average homebuyer may not notice straight away?

GDS: We really wanted Due North to reflect the current needs of our homebuyers, which is why we have focused on creating ample storage, working from home spaces, and pet-friendly living.

For example, we ensure that there are additional areas for storage when we design a floorplan - such as linen cupboards and fully fitted robes.

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In terms of working from home, many of our apartments have a flexi-space that you can turn into a home office, plus there&rsquo;s a coworking area downstairs that is available for all residents to use.

When choosing materials and finishes, we look at what is easiest to clean and can withstand playtime with our furry friends, such as engineered timber flooring and reconstituted stone benchtops.

Plus, all of our apartments have balconies and shared outdoor spaces that both you and your pets can also enjoy.

[smartcode_project:default project_id=5502 project_image_fid=155337]

MK: Were there any challenges during the development or design process that you had to overcome?

GDS: Melbourne&rsquo;s lockdown would be the key challenge we have had to overcome. It&rsquo;s quite hard to collaborate with our suppliers online, plus sourcing materials and samples of finishes was very difficult during this time.

However, in the end, the team really pulled together, and we were able to overcome these issues.

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Caydon director of architecture and design, Giuditta De Santis, discusses the Melbourne development

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"The interiors created to reflect the modern yet eclectic vibe of the suburb" - The design details behind Due North, Preston apartments

Residents have moved into the completed Glen Waverley apartment project Sky Garden.

The striking project was developed by&nbsp;Golden Age Group&nbsp;to a design by&nbsp;Rothelowman.

With buyers having moved in, Urban spoke to investors, Pushpendu and Manisha Gupta about their property buying journey, and what they love about Sky Garden.

The Wantirna locals purchased a two-bedroom, one-bathroom as an addition to their diversified portfolio of property investments.

[smartcode_project:default project_id=2881 project_image_fid=173740]

MK: How did you discover Sky Garden?&nbsp;

P&amp;M: We discovered it online and after a few calls, we met the team at The Glen display suite and took the process forward.&nbsp;

MK: What makes Sky Garden an attractive investment opportunity?&nbsp;

P&amp;M: The perfect combination of quality, amenities and the amazing location that is within top school and transport zones.

Sky Garden is located just above a very high footfall mall in the east, and that makes it an unbeatable location from an established retail market perspective.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=168784]

MK: How do the returns in Glen Waverley compare to investments you have in surrounding areas?&nbsp;

P&amp;M: Glen Waverley is sure to be strong in terms of return on investment as the Glen Waverley secondary and primary schools are among the top in the state and very well respected.

The fact that Glen Waverley is also an established blue-chip suburb with good demographics and retail options, makes it the most sought-after suburb in the East.&nbsp;

MK: Which apartment configuration did you opt for, and what led you to narrow down your decision to the apartment you purchased?&nbsp;

P&amp;M: We opted for a two-bed, one-bath option as it&rsquo;s the best configuration for investment returns and rental.&nbsp;

The apartment we bought is in a secluded part of the floor with close proximity to elevators, which lends itself to both privacy and convenience.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=168551]

MK: Were you already looking for a new property when you discovered Sky Garden?&nbsp;

P&amp;M: We had just started looking at investment purchases when we discovered Sky Garden. The options we were given, and the amazing sales experience, made us decide on this apartment without really looking at other properties.&nbsp;

MK: What made you decide to buy?&nbsp;

P&amp;M: The property gave us the right combination of quality construction, facilities and amenities in a top-notch location.&nbsp;

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The fantastic sales and after-sales experience from Golden Age was the most pleasant experience, which made us feel at ease and like we had everything covered.

A special mention goes to Ms Silvia Pan for the absolutely fantastic and friendly sales experience and her support. She gave us so much time, taking us through all the options, responding to our queries and providing the right advice.&nbsp;

MK: What do you love most about what Sky Garden has to offer residents?&nbsp;

P&amp;M:

<ul>
	<li>The fantastic retail shopping and culinary experience with The Glen just below the property.&nbsp;</li>
	<li>The quality of construction and the wholesome facilities for residents.</li>
	<li>The location &ndash; near top-notch schools and transport.&nbsp;</li>
</ul>

MK: Do you have any advice for budding investors?&nbsp;

P&amp;M: Would recommend budding investors look at location as the primary deciding factor &mdash; preferably proximity to top schools &mdash; as these locations will always be in rental demand.&nbsp;

Quality of construction and after-sales and property management support is also very critical to consider.

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Urban spoke to investors, Pushpendu and Manisha Gupta, about their property buying journey, and what they love about Sky Garden

What investors are saying about their Sky Garden, Glen Waverley apartment purchase: Urban's buyer Q&A

The penthouse at 835 High in Armadale has been sold for a record $15 million.

The six floor complex is under construction by Moda, the property development company headed by Ed Farquharson and Jordan Hooper.

The double-storey apartment will come with two pools, a children's play area and barbecue.

It is understood to have sold to a well-heeled Melbourne family who will use it as a city base.

It is tipped as the priciest apartment sold in the suburb.

Moda secured a sellout of its 26 apartments.

The three-bedroom-plus-study penthouse had originally been planned as two apartments, but amalgamated to a 630sq m residence with almost 400sq m outdoor space.

The 835 High Street complex designed by Carr Design had prices from $2.5 million.

The retail space has been taken by the organic grocer, The Leaf Store.

Mona is backed by David Tarascio and Mazen Tabet, who bring decades of experience to the team.

Its completed projects include 97 Mathoura Road, Toorak, consisting of six, single-level luxury residences.

Completed in 2019, it was also designed by Carr, when built by Flux.

The branding firm, Assembly was responsible for its marketing.&nbsp;

Mode's upcoming Hobart project, St David has recently secured an $8 million penthouse sale.

The penthouse at 835 High in Armadale is understood to have sold to a well-heeled Melbourne family

835 High Armadale secures sellout including $15m penthouse

The property services group Oliver Hume has seen a spike in buyers paying deposits on new blocks of land without meeting a representative or visiting a sales office.

Oliver Hume launched its Online Deposit Direct proptech platform in April 2020 in conjunction with Villawood at their Redstone estate at Sunbury.
 
The platform has accounted for 12% of all Oliver Hume deals since it was launched.
 
Oliver Hume chief executive officer Julian Coppini said the company had moved rapidly to overcome restrictions and pandemic-proof sales processes.
 
“The platform creates a seamless transaction between the project website, CRM and interactive masterplan ensuring that inventory is always live and only available lots are able to be purchased,” Mr Coppini said.
 
“Purchasing land has evolved from a physical exercise into a digital experience through technological innovations and changes in buyer behaviour.
 
“Transactions are now taking place remotely online at any time, any day, anywhere – with some finalising their transaction between 12am and 6am in the morning.
 
“Oliver Hume is innovating so buyers can make deposits entirely online in a seamless way that suits them and meets health and safety protocols.
 
“Buying land is now a 24/7 industry and digital platforms like our Online Deposit Direct are making sales more convenient, and safer, than ever.”
 
Oliver Hume head of operations for project marketing, Darren Blair said COVID-19 has sped up the digital transformation across the industry.
  
“Purchasing a block of land can be done with confidence whilst watching the latest Netflix series.
 
“Land is accessible and purchasable in a way it’s never been before and the way the Online Deposit Direct has been received by buyers is very encouraging," he said.

Oliver Hume head of operations for project marketing, Darren Blair said COVID-19 has sped up the digital transformation across the industry

Oliver Hume enabling the purchasing of home building blocks online

Box Hill, the thriving suburb just 14 kilometres east of Melbourne, is undergoing explosive growth and major generational change.

It is set for the even further growth due to its recent crowning as a Metropolitan Activity Centre.

One of the most sought-after apartment developments on the market in Box Hill is&nbsp;Spring Street,&nbsp;ideally located to take advantage of Box Hill's future growth prospect.

From its Spring St location, the Elenberg Fraser-designed apartment project is just a short walk from Box Hill Central, one of the city's busiest train stations connecting the suburb to the rest of Melbourne.&nbsp;Box Hill&nbsp;is also served by the route 109 tram and a number of bus routes.

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As the suburb’s cultural diversity and growing appeal have made it one of the more desirable places to live in Melbourne's east, Spring Street has set itself apart in both price and amenity for&nbsp;Box Hill.

The ground level of Spring St is also home a number of retail and dining options.

Within a few hundred metres is the Box Hill RSL and Bowls Club, which meets Box Hill Gardens, a one kilometre urban park with sports courts, a running track, barbecue areas, ponds, and a playground.

[smartcode_project:default project_id=100675 project_image_fid=167531]

The 312-apartment development by Orion International&nbsp;features a number of resident&nbsp;facilities, including a&nbsp;25-metre swimming pool with spa, a sauna, a gym and a yoga room.

It is also home to further&nbsp;amenity, such as private dining spaces and connected environments that offer&nbsp;hotel-style entertaining, ideal for hosting guests.

The low price point in the project, the first in Box Hill designed by the renowned architecture firm Elenberg Fraser, has had buyers of every demographic at the ready. One-bedroom apartments start from as low as $395,000.

[smartcode_project:default project_id=100675 project_image_fid=170523]

Two-bedroom apartments start from $545,000, with three-bedroom apartments ranging from $1,175,000 to $2.23 million. There's a small selection of four-bedroom apartments, which start at $3.98 million.

Completion is set for 2024.

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As the suburb’s cultural diversity and growing appeal have made it one of the more desirable places to live in Melbourne's east, Spring Street has set itself apart in both price and amenity for Box Hill

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How Spring Street apartments are primed to take advantage of Box Hill's future growth plan

Ivanhoe East is one of the most prestigious suburbs in Melbourne at the foot&nbsp;of the CBD, drawing many&nbsp;of their street names from characters in the novel Ivanhoe by Sir Walter Scott.

The suburb has held strong fundamentals as a blue chip investment suburb and for the past decade has seen strong growth at 5 per cent for houses and 2.5 per cent for apartments per annum in the past decade.

Currently comprised of primarily couples, growing families and older independents, the demographics have been shifting towards younger professionals and younger couples looking to buy their first family home or apartment.

The Grounds meets this growing need for space with more than half of the&nbsp;precinct comprising gardens, public spaces&nbsp;and a central landscaped Village Green, designed by Memla. There&#39;s plenty of space for those raising or looking to start a family.

[smartcode_project:default project_id=5806 project_image_fid=168937]

The Grounds is comprised of an exclusive collection of three apartment buildings, each architecturally designed to respond to their own address; Wilfred, Wamba and The Boulevard. There is also the Oak Terraces, located off Cedric Street, offering a limited collection of townhomes.

The homes&nbsp;are&nbsp;finished with hardwood flooring and a choice of colours and finishes, offering ensuites and walk-in robes, or an additional living room or study depending on the buyers needs.

All homes are complete with a host of luxury features, from high quality&nbsp;European kitchen appliances and larder, to double glazing and pure wool carpets.

[smartcode_project:default project_id=5806 project_image_fid=168932]

Prices start from $1.1 million&nbsp;for a two-bedroom apartment, with three-bedroom apartments starting from&nbsp;$1.31 million. There&#39;s a&nbsp;a limited selection of four-bedroom apartments, which are priced at at $2.35 million. The small collection of townhouses&nbsp;range from $1.89 million to $2.4 million.

The townhouse prices sit right in the range of the suburb median, while the apartment prices are in line with their size, premium quality and design. The apartments are 20 per cent to&nbsp;30 per cent&nbsp;larger&nbsp;the median size for two bedders&nbsp;in Melbourne.

Just 15 minutes from the CBD, there is plenty on offer on location with&nbsp;some of the best Ivanhoe East dining and shopping&nbsp;destinations like&nbsp;Upper Heidelberg Road&nbsp;and&nbsp;Templestowe Road minutes away.

[smartcode_project_cta: project_id=5806]

Ivanhoe East has held strong fundamentals as a blue chip investment suburb and for the past decade has seen strong growth across every segment of the market

Why there's been downsizer and upsizer interest at the Ivanhoe East apartments and townhouses in The Grounds

The Grounds is the latest Ivanhoe&nbsp;development out of JWLand, placing a focus on fresh public spaces and community with more than half of the grounds being green spaces.

At&nbsp;the centre of the precinct is a magnificently landscaped Central Park which which spreads out into&nbsp;network of gardens stretching out from the development into nearby&nbsp;Ivanhoe and Chelsworth Parks.

The Grounds is comprised of an exclusive collection of three apartment buildings, each&nbsp;designed to respond to their own address; Wilfred, Wamba and The Boulevard. There is also the Oak Terraces, located off Cedric Street, offering a limited collection of townhomes.

[smartcode_project:default project_id=5806 project_image_fid=168937]

There&#39;s plenty on right across the road with the Ivanhoe Public Golf Course as well as the Eaglemont Tennis Club and East Ivanhoe Bowling Club for those who don&#39;t enjoy hitting the links.

Located&nbsp;15 minutes from the CBD, there is plenty to dine on nearby with some of Melbourne&#39;s premier foodie&nbsp;destinations like the vibrant cafe culture of Upper Heidelberg as well as&nbsp;Templestowe&nbsp;Road minutes away. They are home to famed dining institutions like DamaRose Restaurant, L&#39;Artigiano Ivanhoe, Vasko Restaurant and Darling Dumplings.

Ivanhoe also plays host to a bustling nightlife with local hotspots like The Back Room Bar and historic Ivanhoe Hotel which has been around for more than a century.

[smartcode_project:default project_id=5806 project_image_fid=168932]

It is a clean and green suburb with many families&nbsp;attracted to the two elite private schools,&nbsp;Ivanhoe Grammar School, and Ivanhoe Girls&#39; Grammar School. It is also home to one of Victoria&#39;s oldest state schools, Ivanhoe Primary School, established in 1853.&nbsp;

[smartcode_project_cta: project_id=5806]

At the centre of the precinct is a magnificently landscaped Central Park which which spreads out into network of gardens

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