<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?

As the return to the office stalls due to ongoing lockdowns in Sydney and Melbourne, discerning apartment developers are pivoting their approach to apartment design.

If not already as standard, a number of developers are going hard on the work-from-home office space, whether it&#39;s part of the wider development or within the apartments.

More than one-10th of Melbourne&#39;s office floor space was untenanted in July, the Property Council of Australia&#39;s Office Market Report showed. The St Kilda Rd precinct had Melbourne highest vacancy rate at 16.3 per cent, followed by Southbank by 15.2 per cent.

Chris McCue, managing director at architecture and design firm Carr, says he has seen the&nbsp;demand for a tailored home office space continue right through the pandemic.

&quot;The multitude of workspaces within a single dwelling has definitely risen as we move to more longer-term workplace flexibility and adaptive environments,&quot; McCue said.

The customisable apartments at Riverlee&#39;s mixed-use Melbourne development Seafarers had a recent buyer re-jig&nbsp;the floorplan, taking out the laundry sink which was moved to the ensuite to accomodate a study nook large enough for two people, fitted with cabinetry and shelving.

[smartcode_project:default project_id=27728 project_image_fid=97028]

The developer Riverlee also focused on the home office boom by adding shared facilities in the 123-room development, located in the same Flinders Street building as&nbsp;Australia&#39;s first 1 Hotel.

Residents will have access to a number of meeting rooms and breakout areas, an 800-seat function space, a residents-only library and communal lounge. There&#39;s also onsite building support staff who can assist with printing.

The home office facilities, as well as the access of&nbsp;exclusive privileges when staying at a&nbsp;1 Hotel&nbsp;worldwide, has seen a big uptake in purchases by entrepreneurs and executives.

Seafarers was&nbsp;designed by Fender Katsalidis on the banks of the Yarra River. They were tasked with&nbsp;reimagining&nbsp;the heritage-protected Goods Shed 5, preserving&nbsp;the only intact remnants from the days before containerisation.

McCue said Seafarers&nbsp;faceted exterior does more than create a striking urban presence, it yields uniquely large floorplans.

[smartcode_project:default project_id=27728 project_image_fid=73042]

&quot;From the four-bedroom penthouses to two-bedroom residences, each interior is meticulously planned to maximise natural light, external views and connection to the textures and rhythms of its riverfront setting,&quot; McCue said.

&quot;Luxury can mean so much in terms of spatial and service amenity and is where Seafarers achieves luxury in many ways.

&quot;From a service inclusion and connection to 1 Hotels, to the kitchen joinery and fixtures inclusions, to the inclusion of generous and highly-functional storage.

[smartcode_project:default project_id=27728 project_image_fid=161089]

&quot;There was a lot of consideration around house-like storage amenity, as well as spatial amenity and flow through spaces and connection.

&quot;Our key spatial thinking and beliefs include connected indoor and outdoor living spaces, controlled and extended aspects, extended views that are aligned with internal planning.&quot;

[smartcode_project_cta: project_id=27728]

Chris McCue, managing director at architecture and design firm Carr, says he has seen the demand for a tailored home office space continue right through the pandemic

How apartment customisation and adding a home office is driving off the plan sales

Investors have been attracted&nbsp;Dahua Group&#39;s recently completed their $300 million&nbsp;apartment development Hawthorn Park, their biggest apartment development in Melbourne.

They&#39;ve been alerted to the area due to its&nbsp;recent median price growth of 10 per cent,&nbsp;as well as Hawthorn East&#39;s&nbsp;increasing&nbsp;median rental growth.

Over the ten-year period to March 2021,&nbsp;Hawthorn East apartments have seen six&nbsp;per cent&nbsp;median rental growth per annum, according to the Department of&nbsp;Human Services and Urbis.

The suburb is comprised of 40 per cent renters, DHS found, with SQM Research calculating&nbsp;a current rental yield of 3.5 per cent in Hawthorn East being inline with Melbourne&#39;s overall yield.

Dahua said looking forward, high demand driven by the catchment&rsquo;s proximity to education, transport and amenity, coupled with the ongoing growth of the renal market, is likely to attract market interest from interstate and overseas investors.

[smartcode_project:default project_id=3730 project_image_fid=171608]

The suburb is renter friendly&nbsp;due to that connectivity to the&nbsp;city. Three train lines run near the&nbsp;33 Camberwell Road development, which has a very high walk score of 90 and has been labelled a walker&rsquo;s paradise.

The city is within cycle distance for residence, given the 7.6 kilometre commute to the CBD on Melbourne&#39;s many bicycle lanes.&nbsp;The nearby Gardiner&rsquo;s Creek Trail links with the Capital City Trail and Main Yarra Trail.

Infrastructure around Hawthorn Park is already in place, with four major shopping areas&nbsp;including Camberwell Junction,&nbsp;Glenferrie Road,&nbsp;Camberwell Road and&nbsp;Burwood Road close by.

[smartcode_project:default project_id=3730 project_image_fid=171605]

Designed by Rothelowman, Hawthorn features a number of exclusive amenities including Melbourne&rsquo;s first suspended sky pool, theatre rooms and sky lounge. They have delivered a mix of 330&nbsp;one, two, three and four-bedroom townhome and apartment residences.

Hawthorn Park is a residential mid-rise that is strategically located amongst Hawthorn East&rsquo;s key transport, education, lifestyle and amenity offerings. It is also attractive for families, due to the nearby educational facilities that include;

<ul>
	<li>Auburn Primary School</li>
	<li>Camberwell Primary School</li>
	<li>SEDA College (Victoria)</li>
	<li>Swinburne Senior Secondary College</li>
	<li>Preshil, The Margaret Lyttle Memorial School</li>
	<li>Swinburne University of Technology</li>
	<li>University of Divinity</li>
	<li>University of Melbourne</li>
</ul>

The project also features over 2000 sqm of parkland curated by acclaimed landscape architect Jack Merlo.

As well as the pool, Hawthorn Park features a fully-equipped gym with a yoga and meditation studio and massage suites, hammock lounge, an indoor residents lounge and a garden pavilion.

[smartcode_project_cta: project_id=3730]

Hawthorn Park is a residential mid-rise that is strategically located amongst Hawthorn East’s key transport, education, lifestyle and amenity offerings

jordan_55689

Why Hawthorn Park apartments have been attracting investor interest

Port Lane, the Port Melbourne townhouse development by ID_Land, has completely sold out&nbsp;in only six months,&nbsp;generating&nbsp;$150 million&nbsp;in sales since its February 2021 launch.

The 122 townhouses managed to sell out despite rolling lockdowns across Melbourne, reflective of the confidence ID_Land continues to have in medium-density, following the previous success of its now sold-out Yarraville Place.

Delivered in collaboration between ID_Land, Rothelowman and Hecker Guthrie, each residence celebrated&nbsp;light, softness and subtlety with a refreshing design.

[smartcode_project:default project_id=89720 project_image_fid=147514]

Buyers have been motivated by the opportunity to be closer to the inner city, with the proximity to amenities, and competitive pricing compared to established housing, further driving a surge in interest.

Medium-density now comprises 30 per cent&nbsp;of ID_Land’s $3 billion portfolio, with the developer continuing to seek acquisitions to further grow this part of its business.

To be built by Shape Homes, the homebuilding arm of ID_Corp, the construction of the townhomes at Port Lane is set to commence in 2022.&nbsp;

[smartcode_project:default project_id=89720 project_image_fid=147506]

"We are proud to be working with some of our most-trusted collaborators – Rothelowman, Hecker Guthrie and Tract – on Port Lane, they all bring strong reputations and decades of experience, which drove confidence in the final product",&nbsp;ID_Land’s joint managing director Matthew Belford said.&nbsp;

"We see medium-density projects complementing our growing greenfield pipeline, as the market continues to respond to these inner-city precincts in sought-after locations – this also gives us the confidence to continue acquiring such sites,” he said.

Located just a five-minute walk to Port Melbourne Beach and a 20-minute tram into the Melbourne CBD, Port Lane was designed to deliver great connectivity, with manicured pocket parks, barbecue areas, and gardens all located right on its&nbsp;doorstep.

[smartcode_project:default project_id=89720 project_image_fid=147505]

“Port Lane presents a rich opportunity to deliver a strong lifestyle experience, linking quality interior living spaces to generous outdoor experiences”, Rothelowman principal, Stuart Marsland said.

<blockquote>
“The architectural response is delivered through a palette of materials embracing the bayside context, with a nod to Port Lane’s site heritage.”
</blockquote>

Coming home to Port Lane feels like returning to a sanctuary, with a verdant entrance pergola and&nbsp;a material palette of slate, cool grey and crisp white.&nbsp;

Belford believes the medium-density market will continue to soar, as buyers continue to resonate with the lifestyle benefits of living closer to the city’s inner and middle-ring suburbs; accessibility to amenities, proximity to essential services, education, public transport, and employment opportunities.

[smartcode_project_cta: project_id=89720]

The 122 townhouses were only launched in February, and managed to sell out despite rolling lockdowns across Melbourne

max.kwok_55688

ID_Land’s Port Lane sells out, generates $150M in six months

Residents have moved in to the completed Glen Waverley apartment project Sky Garden.

The striking project was developed by Golden Age Group to a design by Rothelowman.

With buyers having moved in, Urban spoke to first home buyer Adam Feng about his property buying journey, and what he loves about Sky Garden.

[smartcode_project:default project_id=2881 project_image_fid=168799]

MK: How did you hear about Sky Garden and were you in the market for a new property at the time?

AF: I used to work at The Glen and would often see Sky Garden salespeople at the kiosk and display suite. At the time I didn&rsquo;t consider buying, but three years later after making enough money, I chose to buy at Sky Garden.

MK: What stood out to you about Sky Garden that assisted you in your decision to buy?

AF: The outdoor environment, especially the huge garden podium. I walk around it at least five times a week, if not every day.&nbsp;

Also, the lift goes directly to the lower ground floor, where The Glen is, so that&rsquo;s super convenient.

The soundproofing in my apartment is really effective. Even though I&rsquo;m facing Springvale Road which can be quite busy, the noise is completely blocked out.&nbsp;

<img alt="" height="898" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-08-30_at_11.33.31_am.png" width="1254" />

MK: What made you decide to buy off-the-plan rather than an existing dwelling?

AF: My apartment was new but already finished when I moved in.&nbsp;

MK: What do you love most about living at the development?

AF: I love the sauna and pool. Not many people use it at 7am, so when my girlfriend and I work out in the morning, we have the whole place to ourselves. We use it at least five times a week.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=168800]

MK: Is this your first property purchase? How did you find the due diligence research and purchase process?

AF: Yes, it&rsquo;s my first property purchase. I decided I wanted to buy at 18 and started saving, and settled at Sky Garden at the age of 20. The purchase process was good, my only recommendation would be to ensure you do enough research on your own personal financial situation before looking to buy.&nbsp;

MK: Which colour scheme did you choose for your apartment and how did you personalise your home?

AF: I chose my apartment for its lucky number (909A)&nbsp;over the colour scheme (which is light) and also for its view facing the bay and south side. We can see the police academy on top of the hill which is pretty cool.&nbsp;

Our one-bedroom apartment is perfect for my girlfriend and I, but we bought a sofa bed in case we have visitors. There is a large floor-to-ceiling window, which we have positioned my girlfriend&rsquo;s piano beside &mdash; that&rsquo;s probably the most creative thing we have done with the place.&nbsp;

<img alt="" height="828" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-08-30_at_11.33.18_am_0.png" width="1374" />

MK: Would you recommend living at a lifestyle precinct like Sky Garden? &nbsp;

AF: I would definitely recommend Sky Garden. Firstly because it&rsquo;s super convenient in terms of location and having The Glen right downstairs.&nbsp;

Secondly, the views are unobstructed as we&rsquo;re the tallest building in the area so when I look out my window there&rsquo;s nothing in the way, unlike the city.&nbsp;

[smartcode_project_cta: project_id=2881]

Urban spoke to first home buyer Adam Feng about his property buying journey

Why a first home buyer secured a Sky Garden, Glen Waverley apartment

Global investment manager Hines has paid $16.5 million for its first site in Brunswick.

Set six&nbsp;kilometres from the centre of Melbourne, Mirvac and Milieu Property are currently developing a nearby BTR project on Albert Street with more than 500 rental apartments.

Hines plans to develop a 250-unit BTR apartment complex at the 4247-square metre site at 10 Ballarat Street.

It will have an end value of $250 million.

[smartcode_project:default project_id=94542 project_image_fid=160729]

Sam Bisla, who heads Hines new BTR and co-living business in Australia, said the asset class would deliver &quot;defensive, stable cash flow&quot; for investors.

The warehouse site, leased to Bell Plaster Supplies, sold through Colliers with a permit for an eight-level building of 163 apartments designed by Bruce Henderson Architects.

It is expected planning authorities will grant extra capacity for BTR.

Build to Rent refers to a residential development in which all apartments are owned by the developer and leased out to tenants, as opposed to the build-to-sell model.

The site last sold for $12 million in 2017.

[smartcode_project:default project_id=94542 project_image_fid=160734]

Mirvac and joint venture partner Milieu have a late 2024 scheduled completion date for its a one-hectare site in Brunswick.

Mirvac has estimated the project would cost $172 million to build.&nbsp;

Assemble Futures are currently marketing their take on build-to-rent (Rent-Save-Buy) just a few doors down from the recent sale.

Their 4 Ballarat Street project,&nbsp;with design by&nbsp;Fieldwork Architects&nbsp;and landscape design by Rush Wright, places an emphasis on providing a seamless transition to the natural environment, with each apartment running on 100% renewable energy.

The&nbsp;spacious outdoor areas and floor-to-ceiling glazing provide&nbsp;plenty of light to fill each living space and cross-flow ventilation.&nbsp;

[smartcode_project:default project_id=94542 project_image_fid=160741]

Global investment manager Hines has paid $16.5 million for the 4247-square metre site at 10 Ballarat Street

jchancellor-FAypfDUnLy

Hines joins Brunswick build-to-rent push

A South Yarra office block with significant development potential has sold via online auction for $4.645 million.

It reflected a 3.44 per cent yield through selling agents Dawkins Occhiuto.

The property sold to a local investor who plans to landbank and develop the property down the track.

The auction, conducted by Paul Tzamalis from the Auction Company, attracted 39 parties.

There were four bidders who took the result to the land rate of $11,584sqm and the building rate at $15,280sqm.

[smartcode_project:default project_id=3565 project_image_fid=68184]

Located just 200 metres from the Jam Factory and Chapel Street and close to the Prahran Market and trains and trams, the 48 Wilson Street property comprises a single level, 304 square metre office building on a 401 square metre site zoned Activity Centre 1.

The site benefits from dual street access (Wilson and Ellis streets) along with a nine level height precedent set by surrounding developments.&nbsp;

Dawkins Occhiuto selling agents Tim Grant and Andrew Dawkins said the refurbished building offered an opportunity for owner-occupiers but also provided significant potential for a multi-level office or residential development.

``The sale further highlights the strong demand for quality property with upside in the South Yarra market and the limited number of opportunities currently available.

``We had quite a high level response from owner-occupiers but predominantly developers,&lsquo;&lsquo; Mr Grant said.

[smartcode_project:default project_id=29358 project_image_fid=85958]

The property is currently occupied by vendor Hatched Media which offered a 12 month leaseback at $160,000 per annum net.&nbsp;

Hatched Media was advised by Advise Transact founder Mark Wizel.&nbsp;

The auction attracted 39 parties with four bidders 



jchancellor

South Yarra apartment development site sold for $4.645 million 

Ivanhoe is part of the&nbsp;City of Banyule,&nbsp;one part of eclectic north-east Melbourne&#39;s, just nine kilometres from the CBD.

The suburb is in large part comprised of established families, in part due to median unit prices upwards of $770,000,&nbsp;significantly higher than the metropolitan Melbourne median unit price of $563,910, a figure calculated by SQM Research.

However, an abundance of amenities, as well as proximity to public transport and major arterial roadways has made&nbsp;it a popular among many&nbsp;demographics. Not to mention its&nbsp;vibrant caf&eacute; culture as well as the ever&nbsp;popular and bustling Upper Heidelberg Road.

Younger couples and those planning a family will be&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;

Ivanhoe has also caught the eye of investors according to Bensons, the team behind Chelsworth, who said properties in the area boast an annual capital growth of six per cent.

Urban has taken a look at some new Ivanhoe apartments that buyers should put on their shortlist.

<h2>Chelsworth, Ivanhoe</h2>

Two-bedroom apartment price: $725,000

[smartcode_project:default project_id=3309 project_image_fid=169303]

Chelsworth is among developer Bensons Property Group&rsquo;s latest developments to be delivered in Melbourne&rsquo;s north-east.

Situated at 1031 Heidelberg Road in Ivanhoe, the project offers 50 apartments in two-bedroom configurations, set between parklands and Ivanhoe&#39;s best transport links to the CBD.

Some of Melbourne&rsquo;s most picturesque parklands are nearby, such as Chelsworth Park, Ivanhoe Park and Wilson Reserve. There&#39;s also the walking or cycling routes; the Main Yarra Trail and Darebin Creek Trail.

Designed by Melbourne-based architects, BG Architecture, the premium development features a combination of face brick and timber cladding finishes that provide a soft visual blend with the surroundings.

<h2>Ivanhoe Gardens, Ivanhoe</h2>

Two-bedroom apartment price: $560,000

[smartcode_project:default project_id=22308 project_image_fid=75053]

Residents at Blue Earth Group&#39;s latest apartment development, Ivanhoe Gardens benefit from more than just the suburb&#39;s inherent amenity.

The development, built across two stages by leading builder Hamilton Marino to designs by CHT Architects, has 13 different entertainment zones.&nbsp;There is&nbsp;over 2,000 sqm of dedicated amenity space.

It is 3.7km away from the Ivanhoe Public Golf Course, as well as the winding Yarra River, which marks the suburbs southern boundary, along which golf courses are dotted along its shores.

For the fair-weather golfer who only hits the greens when the sun is shining, Ivanhoe Gardens is another which offers a virtual golf simulator.

<h2>The Grounds, Ivanhoe East</h2>

Two-bedroom apartment price: $1,100,000

[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&nbsp;a limited collection of townhomes.

More than half of the Architectus&nbsp;designed precinct&nbsp;comprises gardens,&nbsp;public spaces, and a central landscaped Village Green.

The Grounds has set itself apart by focusing on enhancing&nbsp;the local streetscape and community vibe, while reflecting&nbsp;the quintessential Ivanhoe East lifestyle.

Extensive gardens and communal open spaces connect the residents to their&nbsp;landscaped surrounds, namely Ivanhoe and Chelsworth Parks.

Ivanhoe has also caught the eye of investors, young families, and established families


Why buyers of every age and lifestyle eyeing renowned Ivanhoe

YarraBend stands as both a monument to history and&nbsp;a lens for the future of the Melbourne suburb of Alphington.

The masterplan,&nbsp;a reincarnation of the former Alphington Paper Mill site, has been identified as the&nbsp;World's Most Liveable suburb by 2025 by The Future Lab’s 2018 global liveability report.

It's the development by the&nbsp;Australian property group Glenvill, who are transforming the 16.5 hectare site.

They're keeping heritage features throughout the development, adapting and retaining building's such as the Alphington Paper Mill. Its red-brick foundations and towering smokestacks which defined the area for nearly a century are incorporated into Fourdrinier House, YarraBend's first release, set within the original paper mill building.

The most recent release, following&nbsp;Parkview Apartments, The Mills and&nbsp;Camber Lofts, is Cubic House, a contemporary apartment building of 89 apartments designed by DKO&nbsp;and&nbsp;Technē Architecture.

[smartcode_project:default project_id=107514 project_image_fid=170762]

Cubic House will comprise primarily one and two-bedroom apartments. Its completion will be toward the final stages of YarraBend. Some residential components, including Parkview Apartments, are nearing completion as are parts of the Artisan Precinct.

Glenvill Group has been progressively rolling out various stages of the 16.5 hectare block of land,&nbsp;spread across the six precincts; Mills, Parkview, Artisan, Heritage, River Quarter and Outer Circle.

[smartcode_project:default project_id=107514 project_image_fid=170761]

Cubic House&nbsp;is part of the&nbsp;Artisan precinct which draws on the character of neighbouring Melbourne suburbs like the&nbsp;well-established refinement of Kew and Ivanhoe, the multicultural charm of Fairfield and the eclectic offering of Melbourne’s inner-north.&nbsp;

Apartments at Cubic House are warm and light-filled from floor-to-ceiling doors and windows that connect living spaces to the&nbsp;private balcony on offer in every individual apartment.

[smartcode_project:default project_id=107514 project_image_fid=170761]

The mix of one and two-bedroom apartments comes with a choice in colour scheme and design, with a focus on either light or dark tones.

[smartcode_project_cta: project_id=107514]

YarraBend stands as both a monument to history as well as a lens for the future of Alphington

How YarraBend's Cubic House pays homage to the heritage in Alphington

YarraBend in Melbourne&#39;s Alphington was named as the future&nbsp;&quot;world&rsquo;s most liveable suburb,&rdquo; by The Future Lab,&nbsp;one of the world&#39;s most renowned futures consultancies, in 2018.

They expect it to become the world&#39;s most liveable suburb by 2025, topping cities around the world such as San Francisco, Stockholm, Seattle and Toronto.

&quot;Suburbs of the future will generate their own energy, contain their own innovation hubs, monitor our health levels, check our wellbeing, even crowdsource civic engagement at the tap of a screen,&quot; Future Lab advised.

&quot;Developments such as YarraBend are at the forefront of profound cultural shifts in which people &ndash; and buildings &ndash; are optimising everything, which is why we&rsquo;ve identified that it will become the World&rsquo;s Most Liveable Suburb in the future.&quot;

[smartcode_project:default project_id=107514 project_image_fid=170760]

Since it was dubbed to be the world&#39;s most liveable suburb three years ago, the developer Glenvill, doubled down on factors like&nbsp;communities being optimised through technology and design, supporting convenience, wellbeing, connectedness, collaboration and sustainability.

Glenvill partnered with the renowned&nbsp;teams at DKO Architecture, Multiple, Technē Architecture + Interior Design to create YarraBend,&nbsp;complete with four parks,&nbsp;a state of the art health and wellness centre, complete with an indoor spa, yoga and spin rooms with virtual reality and real life classes, massage rooms, Technogym equipment and an indoor pool.

They also focused on community initiatives like a gallery space, art installations and an annual art prize for local artists valued at $50,000 over five years.

There is also an indoor and&nbsp;outdoor cinema bookable via the YarraBend app, as well as many a rooftop terrace, home to&nbsp;lounges, barbeque facilities and more.

[smartcode_project:default project_id=107514 project_image_fid=170767]

Another facility available to all residents&nbsp;across the six precincts; Mills, Parkview, Artisan, Heritage, River Quarter and Outer Circle, is the WorkLab, an innovative co-working space convenient&nbsp;especially for those who dread&nbsp;commuting.

Located a short stroll from anywhere in YarraBend, residents can book a space any time at one of the multiple workstations, the meeting room or lounge area.

Dubbed as the world&rsquo;s first Tesla Town, the suburb will also feature Telsa Powerwalls in select residences to reduce energy costs and offer electric car charging points.

YarraBend will also play home to an artisanal food district, curated by one of Australia&rsquo;s top chefs, Scott Pickett, boasting popular restaurants, cafes and bars.

[smartcode_project:default project_id=107514 project_image_fid=170768]

Cubic House, part of the reincarnation of the former Alphington Paper Mill site, is one of a number of residential components of YarraBend.

The contemporary apartment building of 89 apartments, designed by&nbsp;DKO&nbsp;and&nbsp;Technē Architecture, is slated for completion in 2024, toward the final stages of the whole of YarraBend.

Cubic House will comprise primarily one and two-bedroom apartments. Its completion will be toward the final stages of YarraBend.

[smartcode_project_cta: project_id=107514]

Cubic House, part of the reincarnation of the former Alphington Paper Mill site, is one of a number of residential components of YarraBend

Why Glenvill's YarraBend in Melbourne was dubbed the world's future most liveable suburb

Melbourne's dearest weekend result was when $1,629,500 was paid for a four bedroom, four bathroom townhouse at 21a Melva Street, Bentleigh East.

The Jellis Craig price guide had been $1.42 million to $1.52 million.

It was marketed as "effortless family excellence in the McKinnon Secondary College zone."

The contemporary 2020 built home has Oak floors, stone basins, black tapware, plush carpet, a water tank, and an auto garage.&nbsp;

The ANZ price predictor REALas forecast it would sell at $1,493,000.

Melbourne's auction clearance rate was hit by high withdrawals as prospective buyers are unable to physically inspect a property given pandemic lockdowns.

CoreLogic calculated a 40 percent Melbourne success rate after these high withdrawals.

Melbourne agents advised 188 results of the 267 offerings.

Sales included 25/94-96 Cavanagh St, Cheltenham for $650,000 to a local first home buyer through Angela Limanis of Ray White Cheltenham.

The vendor couple bought their first home together in 2011 for $336,500, and recently moved within Cheltenham have been renting their unit out at $420 a week.

The national apartment clearance rate was 56 percent while the house success rate sat at 65 percent.

Sydney agents advised 158 of 176 apartment results with a strong 82 percent selling.

Melbourne's auction clearance rate was hit by withdrawals as prospective buyers are unable to physically inspect a property.



Latest Victoria Property News

ALTA Property to deliver $200 million Queens Road apartment tower

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Victoria Property News

ALTA Property to deliver $200 million Queens Road apartment tower

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News