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

Joel Robinson

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

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

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

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

First look: NewQuest Property proposes new St Ives apartment development

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

The Gratis is the latest offering from Hive Properties, transforming Melbourne&rsquo;s inner-eastern suburb of Deepdene.

Situated at 918-920 Burke Road, the residence boasts contemporary finishes and high-quality features at a sought-after address.

Featuring just 12 three-bedroom apartments, residents can enjoy luxurious light-filled homes and great interior design by Adele Bates.

&ldquo;We really curated each interior of the twelve to be unique in its own way in terms of ensuring the space planning was really resolved, and how we best maximise the space for entertaining, for living&rdquo;, Bates said.

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The Embrace Architects-designed building boasts a metallic finish to concrete soffit, double glazed aluminium windows and natural stone cladding.

A grand lobby features a chandelier, Control 4 automated entryway and natural stone tiling.

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The Gratis delivers residents a luxurious living experience with herringbone oak flooring, Vintec wine fridge, natural stone islands and integrated fridge and freezer.

Open-plan living and dining, a built-in fireplace and the choice of two colour schemes are among the offerings in these boutique apartments.

The built-in cocktail bar boasts LED strip lighting, Zip HydroTap, natural stone benchtops and brass finishes that harmonise with the interior styling in the kitchen and bathroom.

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Among the great features in the bathroom include a free-standing bath and fluted glass shower screens.

With landscaped gardens and planter boxes designed by landscape architect Jack Merlo, residents can enjoy connecting with the outdoors.

&ldquo;The Gratis offers a unique opportunity for people who might be coming out of a larger home or property in the area with all the beautiful leafy streets and gardens.&rdquo;

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&ldquo;You&rsquo;ll certainly have the added benefit of apartment living and the lower maintenance aspect of that, but you won&rsquo;t need to lose the nice leafy aspect that perhaps you have been used to&rdquo;, said Merlo.

The features that make this home very special include the handcrafted tiles in the living space that offer the home a contemporary and luxury feel, as well as the impressive Molteni.&amp;C Gliss Master walk-in closet.

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The closet, available in select residences, is designed by Vincent Van Duysen and includes a sophisticated pull-out shirt rack, pull-out drawers and trays, glass shelving and a drawer island.

Showcasing a bold yet neutral colour palette throughout generous living zones, discerning Melbourne buyers need not look past The Gratis.

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The Embrace Architects-designed building boasts a metallic finish to concrete soffit, double glazed aluminium windows and natural stone cladding

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A look inside luxury: The Gratis, Deepdene apartments designed by Adele Bates

Nestled in one of Melbourne&rsquo;s most prestigious and leafy inner-city suburbs, The Gratis delivers twelve unique and considered residences in Deepdene.

The boutique development defines luxury, elegance, and unbridled sophistication, guided by Embrace Architects&rsquo; architectural vision.

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Each residence places a premium on first-class quality, the finest fittings and fixtures, and uncompromising attention to detail.

The penthouse apartment, a three-bedroom two-bathroom residence situated on Burke Road boasts a generous living zone complemented by bespoke oak flooring.

<img alt="" height="589" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_gratis_floorplan_.jpg" width="1200" />

&ldquo;This everyday space will be a genuine pleasure to relax in day and night&rdquo;, said interior designer, Adele Bates.

Set over a total area of 281sqm, the one-storey apartment features full windows, a separate laundry and two terraces complemented by Jack Merlo landscaping.

The home&rsquo;s bathrooms and ensuites are fitted with gun metal-finished tapware and include rain showers, freestanding baths, natural marble vanities, and fluted glass screen doors to the shower.

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&ldquo;[It is] the ideal space to refresh and energise&rdquo;, the project marketing claimed.

Residents will also find immaculate attention to detail in the Gratis&rsquo; exterior fa&ccedil;ade, with metal and natural stone cladding the home.

A unique LED backlit garage door plate is also included within the spacious garage as well as fantastic storage options.

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The layout features two study nooks that are built into the design and an east-facing aspect.

Luxury features that are available in the penthouse design include a Molteni&amp;C Gliss Master walk-in closet, designed by Vincent Van Duysen, as well as a Liebherr built-in wine cabinet.

Kitchens are furnished with premium V-Zug appliances, brass accents and a cocktail bar with a Zip Hydrotap upon request.

[smartcode_project:default project_id=7337 project_image_fid=170642]

This luxurious and oversized apartment possesses an uncompromising attitude when it comes to designer residential living.

A modern Escea fireplace and handcrafted tiling act as the centrepieces of the living area, while the large freestanding bathtub is the highlight of the bathroom.

This penthouse residence also includes underfloor heating and, in the master bedroom, under tile heating.

About the developer

Hive Properties pride themselves on their attention to detail and their ability to build and develop luxury residences.

Much like each home at The Gratis is unique, Hive understands that the buyer journey is too. The process for their clients has been tailored to their needs to ensure that they create an inclusive and positive experience.

At Hive, residents deal directly with the design development and construction team so that residents can feel secure in their investment.

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Nestled in one of Melbourne’s most prestigious and leafy inner-city suburbs, The Gratis delivers twelve unique and considered residences in Deepdene

Take a look: The luxury Deepdene apartment development The Gratis, one of the suburb's best

Box Hill is a thriving suburb just 14 kilometres east of Melbourne. The suburb is&nbsp;set to undergo expansive growth and development over the coming years, due to its crowning as a Metropolitan Activity Centre.

A major transportation hub for Melbourne&#39;s eastern suburbs, Box Hill is home to one of the city&#39;s busiest train stations, located beneath Box Hill Central. It is also served by the route 109 tram and numerous bus routes.

Retail is also plentiful with Box Hill Central. It was 2007 when two shopping centres merged to create Box Hill Central, which is integrated with a bus interchange and the Box Hill railway station.

Prices start from as low as $395,000&nbsp;at some of the current developments on the market in Box Hill,&nbsp;well below Melbourne&#39;s median of $610,000, as calculated by CoreLogic.

As the suburb&rsquo;s cultural diversity and growing appeal have made it one of the more desirable places to live in Melbourne&#39;s east, Urban has taken a deeper dive into some of the best apartment developments set for Box Hill.

<h2>1. Spring Street</h2>

One-bedroom apartments starting from $395,000

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Investors and first home buyers have both been attracted to Spring St, the newest mixed-use development slated for Box Hill.

The low price point in the project, the first in Box Hill designed by the renowned architecture firm Elenberg Fraser, has both investors and first home buyers keeping their eyes peeled.

Set in a quiet and leafy area in the bustling heart of Box Hill, Spring St provides convenient public transport, with the 109 tram, trains and buses nearby, as well as local shops and cafes. The ground level of Spring St will 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.

The development of 312 apartments will also feature a 25 metre pool with spa, a sauna, gym,&nbsp;yoga room and more. Completion is set for 2024.

<a href="/news/vic/why-spring-st-box-hill-apartments-are-attracting-both-first-home-buyers-and-investors">Read more:&nbsp;Why Spring St, Box Hill apartments are attracting both first home buyers and investors</a>

<h2>2. Prospect apartments</h2>

One-bedroom apartments starting from $422,370

[smartcode_project:default project_id=3516 project_image_fid=153753]

With hotel-style amenities, a vibrant community and contemporary design, Prospect Apartments&nbsp;is one of R&amp;F Property&rsquo;s latest multi-residential projects.&nbsp;

Situated at 9 Prospect Street, Prospect Apartments will home&nbsp;193 apartments in one, two and three-bedroom configurations. Designed by Hayball, the exterior boasts an elegant and refined form with a poised glass fa&ccedil;ade.

Each apartment offers residents a choice between an East Scheme and West Scheme, each offering unique design perspectives that present a calming family space. Among the project&rsquo;s numerous amenities are a porte-coch&egrave;rre, pool gym and concierge service.

Prospect is expected to reach completion in 2022.

<h2>3. The Parade</h2>

One-bedroom apartments starting from $465,000

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Recently completed is the boutique apartment development The Parade, also designed by&nbsp;Hayball.

Comprising just 58 one and two-bedroom residences across 12 floors, The Parade&#39;s&nbsp;signature cascading facade gives the ability to deliver larger than average balconies with uninterrupted sky views, as well as light-filled living spaces across a number of different floorplans.&nbsp;

Designed with the latest environmental standards, The Parade incorporates sustainable materials and the harvesting of rainwater and sunlight,&nbsp;a benchmark and&nbsp;example for further Box Hill development.

Prices start from as low as $395,000 at some of the current developments on the market in Box Hill, well below Melbourne's median of $610,000


jordan_55689

The best of Box Hill: The top three apartments on the market in Box Hill right now

Elenberg Fraser is an expert in multi-residential architecture and interior design, currently delivering around 42% of the apartments nearing completion and under construction in Melbourne; up from 10% in 2013.

Based in Melbourne with regional hubs in Brisbane and Ho Chi Minh City, Elenberg Fraser&nbsp;was&nbsp;established in 1998&nbsp;by Zahava Elenberg and Callum Fraser, both RMIT University graduates.

Elenberg Fraser have a track record in delivering residential projects that are both design-driven and market-driven, with expertise recognised through industry awards for projects such as Fifty Albert in South Melbourne, Luna in St Kilda and A&rsquo;Beckett Tower on Melbourne&rsquo;s A&rsquo;Beckett Street.

The architecture firm note that&nbsp;their&nbsp;residential projects have demonstrated their potential to improve returns and work within strict floorplan and cost considerations, but also provide truly inhabitable environments that excite and engage&nbsp;owners and tenants.

&ldquo;We create flexible spaces that can be adapted to a range needs, with practical yet individual approaches to interior design. Generous communal spaces are provided, creating society within the building,&rdquo; the firm noted.

Urban has picked out its top five&nbsp;projects currently in the market designed by the team at&nbsp;Elenberg Fraser.

<h2>Spring Street</h2>

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Located in the centre of Box Hill, Spring Street is within arm&rsquo;s reach of culturally rich dining scene, quality educational facilities, hospitals, shopping centres and public transport.&nbsp;

Spring Street&rsquo;s ground level features a paved boulevard, gardens and fine grain retail and dining offerings. As the levels rise, there is a private garden on the top of the podium where residents can relax and enjoy outdoor living.

Everything has been designed by Elenberg Fraser, from the streamlined, modern low-rise apartments, to the sleek high-rise levels and the custom-designed penthouses.

It features 29-storey architectural marvels, abundant amenities and a scenic garden created in collaboration with leading landscape architects Tract Consultants.&nbsp;

<h2>St Boulevard</h2>

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St Boulevard is the newest three-tower development in St Kilda, located at the intersection of the grand St. Kilda Boulevard and the Melbourne CBD.&nbsp;

The towers, Magnolia, Anaca and Ginko, place&nbsp;residents square at the centre of the busy suburb.

The biophilic buildings have been designed&nbsp;around a central park, home to the trees that stand for the building&rsquo;s namesake.

Elenberg Fraser took a sophisticated and tactile approach to the interiors, offering residents a choice in colour scheme and palette with a large range of floor plans to choose from.

<h2>Piper Townhomes</h2>

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Piper Townhomes is a boutique collection of 14 modern, low-maintenance townhouses in the bayside suburb of Williamstown.&nbsp;

It is just one part of AVJennings vision for Waterline Place which they described as &ldquo;a village within a village&rdquo;. It will be home to around 500 residences across 14 unique developments, weaved among a sea of biophilic, pedestrian-friendly, streets and laneways.&nbsp;

Piper comprises nine three-bedroom homes facing Nelson Place, starting from an extension of the neighbouring Lonsdale and Lysander townhomes, continuing the bluestone and angled roofline theme that mimics traditional local cottages and industrial buildings of the past, to blend in with the established architectural character of the area.

As well as five two-bedroom, two-bathroom terraces fronting Waterline Place, that have already sold out.

Situated within Hobson Bay the area offers cafes, restaurants, supermarket, shops, swimming beaches and renowned boating clubs.

<h2>Provenance</h2>

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The luxury property developer Beulah recently began construction on one of its newest apartment developments, Provenance Camberwell.

Consisting of just 12 apartments in total, including two penthouses, the boutique block at 890 Toorak Road has been designed by Elenberg Fraser.

Prices start from $1.25 million for the two bedroom apartments, with the four bedroom penthouses priced at $3.995 million.

Beulah have appointed the family-ran and owned lurada Property Group to handle the construction and so far the building has proven popular with local owner-occupiers, Beulah managing director Jiaheng Chan said.

Provenance Camberwell marks Beulah&rsquo;s seventh project to have commenced construction within recent years.

<h2>20 Mary Avenue, Broadbeach</h2>

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Developer Little Projects Co recently&nbsp;unveiled plans for a boutique residential apartment project located at 20 Mary Avenue, Broadbeach.

Demonstrating their prowess outside of Victoria, 20 Mary Avenue will showcase an exclusive collection of just 29, full floor and double storey apartments designed in partnership with Elenberg Fraser.

Each floor will house a 3-bedroom residence, with an elegant&nbsp;aesthetic, designed&nbsp;for the owner-occupier market.

20 Mary Avenue, Broadbeach will springboard off the back of Little Project&rsquo;s Gold Coast debut project, Signature Broadbeach, which sold out its 245 apartments located just around the corner from the proposed 20 Mary Avenue, Broadbeach.

According to the developer, panoramic ocean views can be witnessed from podium to penthouse, with never to be built out vistas as a result of the development&rsquo;s positioning behind Broadbeach State School.

Elenberg Fraser is an expert in multi-residential architecture and interior design, currently delivering around 42% of the apartments nearing completion and under construction in Melbourne

Architecture firm Elenberg Fraser’s top projects on Urban

St Boulevard is the latest residential development by The Shakespeare Group, located in a prime position on the corner of St Kilda Rd and High Street, and at the southern tip of Albert Park Lake.

St Boulevard, made up of three towers&nbsp;Magnolia, Anaca and Ginko, puts residents on the fringes of Albert and Fawkner Parks, and a short stroll to the eclectic St Kilda and Prahran precincts.

Shakespeare Group described the development as being set&nbsp;between a concrete jungle and a bohemian hub, with some of the unique&nbsp;boutiques and restaurants lining Fitzroy and Acland Streets just a few minutes away.

The development is centered around a lush garden with the building&#39;s namesake tree&#39;s at the fore linking to interior amenity and facilities.

[smartcode_project:default project_id=1260 project_image_fid=80580]

St Boulevard is within walking distance to Albert Park to the west and the Royal Botanic Gardens to the east, with many apartments holding views over the green landscape. The&nbsp;parklands are described as&nbsp;Melbourne&rsquo;s green lungs,&nbsp;with access to the winding Yarra River trails and waterways&nbsp;for residents to explore.

Just across the Yarra is the Melbourne sports precinct, home to the MCG,&nbsp;Rod Laver Arena, Hisense Arena and AAMI Park.

Some of Melbourne&rsquo;s best cultural and entertainment venues are close by&nbsp;as it&#39;s not far from the heart of&nbsp;Melbourne&rsquo;s arts precinct. That includes the Shrine of Remembrance,&nbsp;Malthouse Theatre, NGV and&nbsp;ACCA.

[smartcode_project:default project_id=1260 project_image_fid=173493]

For those looking for more than just a stroll, other exercise options include the Tennis World Albert Reserve,&nbsp;Fawkner Park Tennis Court, Albert Park Golf Courses and many gyms, including the one on offer exclusively to residents at&nbsp;St Boulevard.

After sweating it out enjoy some of the best food Melbourne has to offer on High Street, Putt Road and Flinders Street, home to such classics like&nbsp;The Kettle Black,&nbsp;Entrecote,&nbsp;Hunters Kitchen &amp; Bar,&nbsp;Bistro Gitan, The Emerson, France-Soir, Prahran Market and many many more.

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St Boulevard, made up of three towers Magnolia, Anaca and Ginko, puts residents on the fringes of Albert and Fawkner Parks, and a short stroll to the eclectic St Kilda and Prahran precincts

Why St Boulevard's St Kilda Road location can not be repeated

St Boulevard, located at the intersection of the grand St. Kilda Boulevard and the Melbourne CBD, is home to three towers, Magnolia, Anaca and Ginko, named after the trees that serve as a garden centerpiece that links the three buildings.

Recently completed to a design by the renowned architecture firm Elenberg Fraser,&nbsp;the biophilic towers rise as high as 21&nbsp;storeys and home 419&nbsp;one, two and three-bedroom apartments.

Apartments start from $410,000.

Urban has taken a closer look at St Boulevard and picked out its top selling points.

<h2>1. Developed by The Shakespeare Group</h2>

On each of its projects, The Shakespeare Group team begins with the careful selection of a location that will offer an exceptional level of amenity, as seen in St Boulevard.

The group then collaborates with industry experts like those at Elenberg Fraser, combining&nbsp;research, deep metrics and complex analyses to make&nbsp;decisions.

&quot;Unique, innovative and future-focused, The Shakespeare Group creates liveable spaces and lifestyle-driven communities to be enjoyed now and for years to come,&quot; the group said.

Other projects by The Shakespeare Group include, Habitat, Twin Waters in Queensland,&nbsp;Pullman Cairns and more commercial Melbourne developments on Collins and Bourke Street.

[smartcode_project:default project_id=1260 project_image_fid=173489]

<h2>2. Designed by the award-winning experts at Elenberg Fraser</h2>

Elenberg Fraser is an expert in multi-residential architecture and interior design, currently delivering around 42% of the apartments nearing completion and under construction in Melbourne.&nbsp;

The global practice has won a number of awards for its local projects in Melbourne, such as&nbsp;&nbsp;Fifty Albert in South Melbourne, Luna in St Kilda and A&rsquo;Beckett Tower on Melbourne&rsquo;s A&rsquo;Beckett Street.

&ldquo;We create flexible spaces that can be adapted to a range needs, with practical yet individual approaches to interior design,&quot; the architecture firm say.

&ldquo;Elenberg Fraser residential projects have demonstrated their potential to improve returns and work within strict floorplan and cost considerations, but also provide truly inhabitable environments that excite and engage their owners and tenants.&rdquo;

[smartcode_project:default project_id=1260 project_image_fid=175274]

<h2>3. Location,&nbsp;Location, Location</h2>

Located at&nbsp;601 St Kilda Road,&nbsp;St. Boulevard provides residents with a green&nbsp;lifestyle within walking distance to Albert Park to the West and the Royal Botanic Gardens to the East.

St. Kilda is one of Melbourne&rsquo;s most eclectic suburbs brimming with creativity, talent, innovation and entertainment.

The Shakespeare Group said St. Boulevard is placed between a concrete jungle and a bohemian hub with some of the quirkiest boutiques and restaurants lining Fitzroy and Acland Streets, just a few tram stops from home.

Some of Melbourne&rsquo;s best cultural and entertainment venues are close by as it&#39;s not far from the heart of&nbsp;Melbourne&rsquo;s Arts Precinct.

St. Boulevard&nbsp;is within walking distance to some of the best public and private schools in Melbourne. Take a short tram ride into the city, and residents are close to some of Australia&#39;s top-ranking universities.

[smartcode_project:default project_id=1260 project_image_fid=80580]

<h2>4. Over 2,000 sqm of resident amenity</h2>

St. Boulevard offers a multitude of exclusive facilities for residents, set in the natural leafy surroundings.

Private kitchens and dining rooms can be booked by residents, with space available in the climate-controlled wine storage racks. There&#39;s a library room that features an open fireplace, as well as a health club with spa, sauna and steam rooms.

A state-of-the-art gym is also on site, complete with&nbsp;a heated lagoon and lap pool. Outdoors there&#39;s resort-style outdoor pavilions, BBQ pods, garden seating areas and a children&#39;s play area.

The centerpiece of the development is the garden, home to large tree&#39;s after which the buildings are named, Magnolia, Ginko and Anaca.

[smartcode_project:default project_id=1260 project_image_fid=177678]

<h2>5. Apartment and building design</h2>

There are a number of different floorplans and configurations at&nbsp;St Boulevard.

Each kitchen features&nbsp;stone island benches, natural stone finishes and raw and polished textures, which compliment the surrounding natural landscape.

Living and kitchen areas open to balconies with views over the surrounding green areas and to the Melbourne CBD.

The floor plans are optimised with efficiency and maximise&nbsp;storage for convenient living and the exposure of natural light and city panoramic views due to the curved and sloping design of the towers, centred around a&nbsp;green&nbsp;park.

[smartcode_project_cta: project_id=1260]

St Boulevard, located at the intersection of the grand St. Kilda Boulevard and the Melbourne CBD, is home to three towers, Magnolia, Anaca and Ginko

Why St Boulevard apartments on the fringe of Melbourne's CBD should be on a buyers shortlist

The Melbourne property developer and construction firm BCentral are rubber-stamping their reputation of delivering what they promised when selling their off the plan apartment developments.

They recently completed&nbsp;ALIA in the bayside McKinnon area, and the development, particularly the kitchen, look identical to the renders offered to buyers when the sales launched last year.

Below is an example of how alike the render and finished product of the kitchen are,&nbsp;created by the interior design studio ZUNICA.

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alia-kitchen.jpg?itok=b-B33IPG" width="580" />

<figcaption>Top Image - Render of kitchen. Bottom Image - Finished product of kitchen.</figcaption>
</figure>

ALIA was a collaborative effort by ZUNICA, Perkins Architects, and Bruce Henderson Architects.&nbsp;

Prior to the launch of the apartments last year, the full-floor penthouse sold for nearly $2 million, setting a suburb record for an apartment. A number of the sub-penthouses sold for over $1 million.

BCentral founder Tal Goldman told Urban when sales launched that ALIA was perfect for anyone searching for a premium home&nbsp;with&nbsp;world-class amenity.

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/aliarender-vs-reality-portraitstack.jpg?itok=eT5nvRiF" width="580" /> 
Top Image - Render of Alia exterior. Bottom Image - Finished Alia exterior.</figure>

&ldquo;This project is so special when it comes to multi-residential living - we have ensured each floor plan is expansive and light-filled, offering that perfect balance of comfort and functionality,&quot; Goldman said.

&quot;Our mantra from day one, was to create the very best residential project McKinnon has been presented with. We focus on doing things right and the results have followed. It is extremely satisfying for the whole development team to have achieved such a lofty goal.&rdquo;

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alia-bathroom.jpg?itok=_cNeA7_Y" width="580" /> 
Left Image - Render of bathroom. Right Image - Finished bathroom product.</figure>

ALIA is now McKinnon&#39;s tallest multi-residential building, with a&nbsp;northerly aspect and views of the city skyline, bay and Dandenong Ranges.

There are only three-bedroom apartments left in ALIA, priced from $1.24 million.

[smartcode_project:default project_id=24686 project_image_fid=50138]

Another of BCENTRAL&#39;s latest developments, their equally boutique Bayside apartment project Southbay in Cheltenham, recently completed construction.

<figure><img alt="" class="image-article-full-width-580px" height="580" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/render-vs-reality-exterior-street-portraitstack.png?itok=x-NYo0gJ" width="580" />

<figcaption>Top Image: Render of Southbay Exterior. Bottom Image: Finished Southbay Exterior.</figcaption>
</figure>

The sold-out development, designed by the architect Mould Murray, comprises 28 one, two and three-bedroom apartments, including penthouse-style apartments and&nbsp;oversized outdoor courtyards and terraces.&nbsp;

<figure><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/render-vs-reality-southbay-entrance-landscape.png?itok=zvR6QvZH" width="580" />

<figcaption>Left Image: Render of Southbay Entrance. Right Image: Finished Southbay Entrance.</figcaption>
</figure>

BCENTRAL&#39;s&nbsp;latest development is Cascade in Bentleigh at 27 Bent Street, a boutique collection of 31 two and three-bedroom apartments starting from $630,000.

[smartcode_project:default project_id=4592 project_image_fid=45162]

The Bent Street project, slated for completion around April 2022, has been designed&nbsp;by the awarded&nbsp;CBG Architects.

Spanning four levels, Cascade is set to have a&nbsp;6-star energy rating and open plan living spaces that flow out to private balconies or gardens

[smartcode_project:default project_id=3744]

ALIA is now McKinnon's tallest multi-residential building, with a northerly aspect and views of the city skyline, bay and Dandenong Ranges

Render v reality: How BCENTRAL's finished apartments stack up against its plans

There's no slowing down the&nbsp;rapidly active apartment developer GURNERTM, who is continuing to bolster its $7 billion pipeline.

Their latest play, following the announcement of the <a href="/news/qld/first-look-exclusive-gurner-reveals-1-25-billion-four-tower-surfers-paradise-apartment-development-la-pelago">$1.25 billion plans in Surfers Paradise</a>, is back on their home patch of Melbourne.

GURNER, led by the renowned developer Tim Gurner, has secured a site at 334 City Road in Southbank, and plans a $250 million, 40-level tower, which will have 400 apartments, ground-level retail, and a gym.

The joint venture with the Catalfamo family will feature&nbsp;what Tim Gurner refers to as ‘Melbourne’s hottest new rooftop venue’ in a celebration of the building’s past.

“This site is strategically located in the heart of the southern entertainment precinct within proximity to Crown Casino, South Melbourne and the Arts Precinct," Gurner said.

<a href="/news/qld/first-look-exclusive-gurner-reveals-1-25-billion-four-tower-surfers-paradise-apartment-development-la-pelago">Read more:&nbsp;First look exclusive: Gurner reveals $1.25 billion, four-tower Surfers Paradise apartment development La Pelago</a>

“We are increasingly building a portfolio of larger mixed-use projects where we can incorporate our wellness and concierge services as a longer-term play, and this project perfectly fits that model.

“Southbank is going through a renaissance of sorts with an increasing number of restaurants, bars and entertainment precincts while offering proximity to the best parts of Melbourne’s CBD, it allows us to do something special that will add to the flavour of the area while bringing our signature luxury approach to residential living.

<img alt="" data-entity-type="" data-entity-uuid="" height="1242" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_city_road_2.jpg" width="1200" />

The 1652 sqm site was once the home of the infamous Eve Nightclub, and more recently operated as a hostel, already has an existing permit in place.

GURNERTM has appointed its go-to architect collaborators Warren and Mahoney to redesign the scheme within the existing envelope, which has been re-submitted for council approval with plans for 400 one, two and three-bedroom residential apartments over 40 levels, along with a ground floor retail provision.

As has become the developer’s signature, the project has proposed plans for a unique amenity offering including a health and wellness precinct, a two-storey gym, a communal dining, cinema and entertainment precinct, dog wash and dog run, along with rooftop 
facilities.

<a href="/news/vic/why-tim-gurner-chose-collingwoods-smith-street-the-worlds-coolest-street">Read more:&nbsp;Why Tim Gurner chose Collingwood's Smith Street, the world's coolest street</a>

The project will form one of the developer’s landmark mixed-use developments as it increasingly looks to add more projects of scale to its pipeline in line with GURNERTM’s strategic outlook across a multi-faceted build-to-sell, build-to-rent, hospitality, wellness and lifestyle portfolio.

Gurner is hoping demolition will be able to start this year.

<img alt="" data-entity-type="" data-entity-uuid="" height="3479" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_city_road_3.jpg" width="1200" />

Gurner says he has been&nbsp;planning and preparing for this very deliberate growth period methodically over the past 36 months, and the business has never been in a better position to support this acquisition phase.

“I believe this next property cycle will move quickly and it will be critical to swiftly capitalise\ on the economic recovery period we are currently experiencing, underpinned by what I am forecasting will be significant movement and migration from overseas from 2022 onwards.

“Over the past eight years we have added a huge amount of experience within our team and our strategic finance partners, and we are now looking to deliver approximately 10 projects per annum across our boutique, mixed-use and multi-tower divisions,” he said.

Warren and Mahoney principal Nick Deans said 344 City Road’s architectural design deliberately sets out to establish a new level of luxury living in the Southbank precinct.

“Warren and Mahoney was pleased to be awarded this prestigious project following a highly competitive pitch and to further deepen our relationship with the team at Gurner. We’ve been collaborating for close to ten years and this incredible tower is just another great chapter in our strong and evolving relationship.

“The external façade of the building makes a bold statement, designed ‘in the round’ to ensure it delivers appeal from all aspects.

“With its defined crown structure atop of the building, the tower is a symbolic piece of architecture that will be highly visible on the skyline of Southbank and contribute to Melbourne’s broader city-scape. And those living there will enjoy uninterrupted views of the CBD and back to Port Philip Bay.

“ We’ve also worked closely with the Gurner team to prototype and implement the ‘Greener by Gurner’ sustainability aspirations for a carbon neutral development – a standard we’d like to see across the board.”

Their latest play, following the announcement of the $1.25 billion plans in Surfers Paradise, is back on their home patch of Melbourne.



Gurner plots 40-level mixed-use Southbank tower

The multi-award-winning Melbourne property developer Beulah has secured its next mixed-use development site.

The developer, headed by managing director Jiaheng Chan, has secured a corner site in Prahran, paying $11.4 million for the 1,132 sqm site at&nbsp;&nbsp;182-194 Commercial Road, opposite the well known Prahran Market.

They have plans to activate the community through a sustainable mixed-use development.

The site, on the corner of Izett Street, comprises six adjoining addresses near the recently completed $60 million Prahran Square project.

On the block is a multi-tenanted 1,087 sqm building with potential for future retail activation.

<a href="/news/vic/check-out-beulahs-best-melbourne-residential-projects">Read more:&nbsp;Check out Beulah&#39;s best Melbourne residential projects</a>

Jiaheng Chan said the team is excited to be able to contribute to the urban streetscape of Prahran as it continues to gentrify and evolve over time.

&ldquo;Prahran is currently going through an exciting evolution that is seeing a new generation of businesses set up shop, from forward-thinking restaurants and lifestyle-focused hotel chains,&quot; Chan said.

&ldquo;We&rsquo;re looking forward to offering a product that will add immense value to this inner-city pocket and will complement the renowned Prahran Market via retail, dining and public amenity, coupled with a residential offering not yet explored in this area.

&ldquo;This site will complement our growing boutique portfolio, which sits alongside the other growing arm of our business and that is large-scale, urban renewal precincts, such as that in Southbank.&rdquo;

Beulah are developing STH Bnk by Beulah, a mixed-use development on the current BMW showroom site on Southbank&#39;s&nbsp;City Road. It will comprise nearly 500 apartments and around 390 hotel rooms, as well as retail and office space.

[smartcode_project:default project_id=8804 project_image_fid=27929]

Beulah also recently announced the imminent release of its newest and most innovative residential project, The Wilds. The development features a collection of 15 carbon-neutral homes designed by leading design firm, Edition Office.

&ldquo;The global changes experienced in 2020 saw consumers prioritising health, wellbeing and sustainability, which closely informed our approach to The Wilds.

&quot;Similarly, we intend to draw on this research and approach in creating a thoughtful, sustainable and wellness-inspired design for Prahran,&rdquo; Chan said.

They have plans to activate the community through a sustainable mixed-use development.



Beulah secure Prahran site for mixed-use development

Apartment values across Melbourne rose 0.5 per cent over August, according to the latest data released by property data firm CoreLogic.

The&nbsp;August gains put apartment values up 1.6 per cent over the quarter, after 0.4 per cent growth over July and 0.8 per cent in June.

Over the year to date, values are up 6.6 per cent, with the median now sitting at $615,909. The median apartment price at the start of 2021 was $577,000.

[smartcode_project:default project_id=5328 project_image_fid=163914]

Melbourne house values rose 1.4 per cent over August, marking another month where house performance continues to outstrip apartments, although the gap is starting to narrow given renewed housing affordability constraints.

Throughout the first quarter of the year, capital city house values were rising approximately 1.1 percentage points faster than units each month. By August the average performance gap reduced to 0.7 percentage points.

CoreLogic&#39;s research director Tim Lawless believes the convergence of growth in house values and unit values could be another demonstration of affordability becoming more challenging.

[smartcode_project:default project_id=103179 project_image_fid=167471]

&ldquo;The narrowing gap between house and unit value growth is most noticeable in Australia&rsquo;s most expensive city, Sydney, where the monthly growth rate for houses was 2 percentage points higher than units in March.

&quot;That &lsquo;gap&rsquo; has now reduced to 0.6 percentage points in August.

&quot;Based on median values, Sydney units cost almost $470,000 less than a house. At the same time, the growth gap between houses and units in Melbourne and Brisbane has widened.&rdquo;

Unit rents are starting to rise in Sydney and Melbourne, which is a good metric for investors to follow. Australia&#39;s two biggest capitals were the hardest hit by the strict border closures and lack of international migration.

[smartcode_project:default project_id=100675 project_image_fid=170523]

Nationally, rents have lifted by 8.2% over the 12 months ending August, the largest rise in rents since 2008.

&ldquo;The weaker trend in unit rents across Australia&rsquo;s two largest cities is likely a reflection of their greater exposure to temporary overseas migrants as a source of rental tenancy, especially foreign students who would normally underpin inner city high rise rental demand, Lawless says.

&quot;The sharp drop in demand due to closed borders has been exacerbated by high supply levels as both cities come out of an unprecedented surge in inner city apartment construction,&rdquo; Lawless added.

Sydney unit rents have consistently risen each month during 2021, while in Melbourne, unit rents have been rising since June.

Unit rents are starting to rise in Sydney and Melbourne, which is a good metric for investors to follow

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