<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?

Luxury apartments in inner-city Melbourne suburbs have proven to deliver strong investor and owner-occupier interest with buyers flocking to secure a new home.

Urban takes a look at six new apartments in Melbourne&rsquo;s south-east marketed through local real estate agent Gary Peer.

1. Westbury S.K.E, St Kilda East 
Developer: Luxor 
Two-bedroom apartments from $805,000

[smartcode_project:default project_id=5034 project_image_fid=169767]

Blending in with the natural part of the streetscape, Westbury S.K.E is the newest residential addition to St Kilda East featuring 20 two-bedroom residences.

Each apartment offers a refined palette and the best of indoor-outdoor living, designed with bright whites and light timbers to enhance the spacious feel of the home.

The Terry Harper Architects-designed apartments are located in a bustling neighbourhood, nearby shops, business and leading schools.

2. The Yorston, Elsternwick 
Developer: Saade Group 
Two-bedroom apartments from $1,100,000

[smartcode_project:default project_id=25867 project_image_fid=168490]

Boasting a limited collection of 18 large-scale two and three-bedroom residences, The Yorston delivers effortless modern living to Melbourne&rsquo;s Elsternwick.

Carefully curated by multidisciplinary design practice Inarc, the apartments feature generous home-sized floorplans, floor-to-ceiling windows, and breathtaking outlookings to the Bay and CBD.

&ldquo;From its ideal central location, The Yorston is perfectly placed to access not only every Elsternwick amenity, but neighbouring Elwood and St Kilda&rsquo;s beachside vibe, nearby Caulfield schools and Racecourse along with easy arterial and public transport links to the CBD, Bay and Peninsula&rdquo;, the project marketing reads.

3. Indio, Caulfield North 
Developer: Luxor 
Two-bedroom apartments from $995,000

[smartcode_project:default project_id=105004 project_image_fid=168412]

Situated in the highly sought-after suburb of Caulfield North, Indio features six two and three-bedroom apartments with high ceilings, large open-plan living and dining areas and intimate courtyards.

The collection of six luxury residences were designed in collaboration between architect David Orlanski, interior designer Steve Berton and landscape architect John Patrick.

The building boasts an impressive street presence and includes double-glazed windows, walk-in robes and sustainable features.

4. Sutherland, Armadale 
Campaign: makersCo 
Two-bedroom apartments from $769,000

[smartcode_project:default project_id=26421 project_image_fid=168482]

Providing 23 apartments with floorplans tailored to a variety of lifestyles, Sutherland builds on Armadale&rsquo;s reputation for sophisticated residences.

Designed by CHT Architects and SORA, the residence&rsquo;s features include wool carpeting, stone benchtops, natural stone and views over Armadale&rsquo;s surrounding greenery.

The convenience of trams along Dandenong Road or trains from nearby Malvern Station both provide easy and direct access to the CBD, while the green ovals, winding paths and stately gardens of Caulfield Park are also just a short walk from home.

5. Highline Residences, Prahran 
Marketing: Garry Peer Projects 
Two-bedroom apartments from $845,000

[smartcode_project:default project_id=105007 project_image_fid=168452]

Enviably positioned in the heart of Melbourne&rsquo;s most popular fashion, culture and dining district, Highline is the newest residential instalment to hit Prahran.

The Interlandi Mantesso-designed development boasts a distinct personality, with white brick contrasting against black zinc cladding.

Each of Highline&rsquo;s 15 apartments are designed to offer the best in contemporary living, including open-plan kitchens, spacious courtyards and balconies and ample entertaining space.

Apartments in inner-city Melbourne suburbs have proven to deliver strong investor and owner-occupier interest with buyers flocking to secure a new home.



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Five new two-bedroom apartments you can secure within 10km of the Melbourne CBD

The Melbourne apartment developer Pace has seen a spike in sales and inquiries from first home buyers who are finding the established housing market too pricey.

Pace sales and marketing director Ashley Bramich said the developer had been averaging 19 sales a month at its 263-unit Pace of Blackburn project.

It compared with 13 sales before the pandemic at the 160 Whitehorse Road, Blackburn complex designed by Ascui &amp; Co Architects.

[smartcode_project:default project_id=7211 project_image_fid=158008]

The current prices start at $395,000 for one bedroom apartment, from $515,000 for two bedrooms and $805,000 for three bedroom apartments.

Its social media marketing references the impact of the pandemic.

"Overseas travel may be off the cards, but resort-style living? It’s yours for the taking with Pace of Blackburn set to feature a lavish outdoor pool deck complete with a children’s splash pool. Your daily errands will also be taken care of with a dedicated concierge, meaning you can relax and lap up the lifestyle," the social media posting said.

[smartcode_project:default project_id=7211 project_image_fid=39984]

Pace was also seeing 13 sales a month at its Sunshine North townhouse development, up from eight before the pandemic. During the long Melbourne lockdown, Pace was seeing its 360-degree video tours of its Sunshine North townhouses being viewed more than 100 times a week.&nbsp;

"At Sunshine we are building townhouses as quickly as we sell them," Pace founder Shane Wilkinson told The Australian Financial Review this week.

"Demand at the $600,000 to $800,000 price point is very strong. This is partly due to low rates, but also because the established market has become unaffordable." he said.

Pace, which Wilkinson founded in 1992, &nbsp;was now looking to acquire $100 million of new apartment sites.

Its latest acquisition was $11.25 million for a 2653 square metre parcel at 251 Lygon Street, in Brunswick East, where it hopes to develop about 80 apartments.

It creates a 500-unit pipeline across Coburg, Fitzroy and Brunswick East.&nbsp;

Its projects also include the Flemington site bought from the Victoria Racing Club at 550 Epsom Road, near Racecourse Road, in 2018.

Wilkinson said the developer had adopted an aggressive acquisition strategy after settling $120 million of sales in the past 12 months including its Pace of Ascot Vale apartment project along with several stages at its Sunshine townhouse project.

"Not all first home buyers are purchasing house and land [in the outer suburbs]. Many are buying [apartments] off-the-plan," Mr Bramich added.

[smartcode_project_cta: project_id=7211]

Melbourne developer Pace has been averaging 19 sales a month at its 263-unit Pace of Blackburn project

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As established property prices soar, Pace see uptick in Melbourne townhouse and off the plan apartment sales 

Architects Woods Bagot have been commissioned by award-winning boutique developer Piccolo to design its next Fitzroy apartment project.

Piccolo has secured a 2,000 sqm site.

It secured three properties including the suburb&rsquo;s Australia Post site and two neighbouring properties. 
&nbsp; 
The hotly contested offering was managed by JLL, which took 210 enquiries and attracted 31 bids.

Piccolo secured the 1,192 square metre Australia Post distribution centre at 371-385 Gore Street &nbsp;for $14 million, and also negotiated with two neighbours on Argyle Street to expand the landholding to 2,000 square metres. 
&nbsp; 
Piccolo expects its luxury apartment complex will have an estimated value of $120 million.

It is likely to have 50 apartments.

&ldquo;We truly believe in the strength of the Fitzroy market and we have come to deeply understand what local buyers are looking for in this area,&quot; Piccolo director Michael Piccolo said.

He advised its success with nearby apartment project Fitzroy House had given Piccolo the confidence to &quot;move aggressively to secure the rare opportunity against stiff local and interstate competition.&quot;

Piccolo&rsquo;s latest project Fitzroy House, at 71-75 Argyle Street, has sold out ahead of its completion later this year.

The $50 million Fitzroy House project in nearby Argyle Street is a seven storey building with 34 apartments.

Piccolo bought the 1000 sq m site in 2016 from Australian Volunteers Abroad for $7.8 million.

The $50 million project retains the heritage 19th century brick facade of the historic Iron and Piper boot factory.

Paying over $20 million for the three properties, Piccolo has secured a prime triple fronted site on Gore Street

jchancellor

Piccolo plan another luxury Fitzroy apartment development 

Buyers wanting to understand what luxury living is like need not look further than the new Melbourne Quarter development.

Situated on Flinders Street, residents at Melbourne Quarter are surrounded by the city&rsquo;s contagious buzz.

Delivered by Lendlease, this new precinct will offer world-class design in an unrivalled location next to Melbourne&rsquo;s main transport hub, Southern Cross Station.

Renowned architects, Fender Katsalidis, Denton Corker Marshall and Woods Bagot, have joined forces with urban design specialists Aspect Oculus, to help create this landmark development and its one, two and three-bedroom apartments.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Urban takes a look at what it&rsquo;s like coming home to this luxurious off-the-plan property.

1. Enter the grand lobby

[smartcode_project:default project_id=3459 project_image_fid=147567]

&ldquo;Drive through the Flinders Street entrance, past the charming heritage wall, and the elegant porte-coch&egrave;re will lead you to a grand lobby&rdquo;, the project marketing reads.

With a soaring nine-metre canopy, the lobby will welcome residents to their new luxury lifestyle.

2. Burn off steam at the Club MQ

[smartcode_project:default project_id=3459 project_image_fid=147571]

Residents will enjoy exclusive access to Club MQ, three levels of exclusive resident resort-style amenities,

After returning from work, homebuyers at Melbourne Quarter can stay in shape thanks to gym access, including a private yoga space, a spa and sauna, plus a 25-metre indoor swimming pool.

3. Enjoy dinner in a flexible outdoor dining space

[smartcode_project:default project_id=3459 project_image_fid=157359]

Flexible private dining spaces cater for all occasions, from a cosy, intimate affair to a lavish banquet.

Indoor dining areas lead to private outdoor terraces, with BBQ facilities and casual open-air seating designed for alfresco entertaining.

4. Relax in the Sky Park

<img alt="" height="609" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-03-11_at_2.33.40_pm_0.png" width="1160" />

After dinner, residents can kick off their shoes and feel the grass under your feet at their new neighbourhood sky park.

This great amenity boasts lush lawns, views of Melbourne&rsquo;s skyline, private outdoor dining and barbeque facilities to entertain friends.

5. Watch a movie in the private cinema

[smartcode_project:default project_id=3459 project_image_fid=157358]

Melbourne Quarter includes a private lounge-style theatrette for residents to unwind in comfort and style.

To create a relaxing space, the cinema fuses dark timber wall panelling with flexible seating arrangements.

6. Relax in your elegant home

[smartcode_project:default project_id=3459 project_image_fid=147566]

Each apartment in Melbourne Quarter boasts contemporary elegance with European appliances and refined finishes.

The practical design creates a calm, inviting space with amazing views and abundant natural light.

&ldquo;Come home and savour a well-deserved cocktail on the sleek, stone-paved balcony while you drink in the views&rdquo;, the project marketing reads.

The development features contemporary fittings, European appliances and timber flooring.

“Drive through the Flinders Street entrance, past the charming heritage wall, and the elegant porte-cochère will lead you to a grand lobby”, the project marketing reads.

Enjoy a relaxed lifestyle at Melbourne Quarter: What it’s like coming home to this new Lendlease development

Orchard Piper has secured a 1000 square metre Toorak Road, Toorak development site.

Its plans to build a complex with apartments, offices and retail.

The amalgamated site sits at the corner of 424-426 Toorak Road and 109 Mathoura Road.

Orchard Piper, founded by Rick Gronow and Luke McKie, reportedly spent two years negotiating with the Butler and Mendleson families to amalgamate the six properties.

One has been run as a cosmetic surgery clinic.

Orchard Piper has commissioned Jolson Architecture &amp; Interiors to design a seven-storey building with the apartments fronting Mathoura Road.

&quot;This site, being the most prominent, north-facing corner of [Toorak] village, presents an opportunity for us to invest in the area in a really tangible, long-term way,&quot; Mr McKie told The Australian Financial Review.

Plans have yet to be lodged with Stonnington Council with construction expected to begin in late 2022.

Orchard Piper secured the suburb&#39;s first double-digit sale in 2018 when the penthouse at 29 Washington Street sold for $14 million. The 1000sq m third-floor space boasted a pool, yoga room, sauna and 1300-bottle wine cellar, plus a lift from its four-car garage.&nbsp;

The 29 Washington Street penthouse sale almost doubled the previous record of $8.26 million at The Springfield, 19 apartments on the corner of Springfield Avenue and Orrong Road designed by K2LD Architects&rsquo; Tisha Lee for Chapter Group.&nbsp;

Before that, in 2015, there was a $6.15 million sale on the third floor of the Douglas Street Art Deco-inspired Le Nouveau.

Mathoura Road has seen pricey apartment projects in recent years including Palais Toorak, conceived by Craig Easton of Easton Projects, with collaboration from architect Rob Mills, the SJB Interiors director Andrew Parr and garden designer Paul Bangay.

It is a four storey block of seven residences at 86 Mathoura Road.

Local pharmacist C. Wallis &amp; Son, which has occupied the corner store at 426 Toorak Road since 1981 opposite the Tok H Centre, has signed a pre-lease agreement t stay on at the location after construction.

Orchard Piper have commissioned Jolson Architecture & Interiors to work on the design

Orchard Piper propose luxury Toorak Road, Toorak corner apartment project

Mirvac&rsquo;s Docklands tower Voyager is set to be the ninth completed tower in Yarra&rsquo;s Edge master plan community.

The $300 million, 315-apartment development on the Docklands waterfront, set to be completed in September this year, will rise 130 metres, a skyhigh 43 levels, and will be the tallest tower in the precinct to date.

Voyager is entirely of Mirvac&rsquo;s creation, with design and construction also being handled by their award-winning in-house teams.

It is home to a wide collection of contemporary one, two and three bedroom residences, as well as three bedroom flexi townhomes and Sky Residences, designed for lofty luxury living.

The Mirvac Design team aimed to create contemporary, versatile residences to suit all lifestyles and life cycles, ensuring Voyager appeals to a broad demographic of purchasers through a diverse range of built form and liveability.

[smartcode_project:default project_id=3494 project_image_fid=90814]

As the tallest building to date at Yarra&rsquo;s Edge, many apartments in Voyager offer sweeping views across the city skyline and beyond, from their very own balcony or wintergarden.&nbsp;

Prices vary across the tower with prices starting as low as $601,500 for a one bedroom apartment.

There is a spread of different sized two bedders on offer, with prices starting at $706,500 for the two bedroom, one bathroom apartments, and $774,400 for the two bedroom two bathroom configurations.

Three bedroom residences in the Docklands development start around $1.3 million.

<a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/voyager_-_1bed_63_sqm.jpg" style="width: 642px; height: 648px;" /></a>

Floorplan options still available for purchase:

<ul>
	<li>One Bedroom, one Bathroom, one parking space, 63 sqm (pictured above)</li>
	<li>Two bedroom, one bathroom, one parking space, 73 sqm-91 sqm</li>
</ul>

<a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/voyager_-_2bed_109_sqm.jpg" style="width: 755px; height: 810px;" /></a>

<ul>
	<li>Two bedroom, two bathroom, one/two parking space, 109 sqm (pictured above) to 175 sqm</li>
	<li>Three bedroom, two bathroom, two parking space, 150 sqm - 175 sqm (pictured below)</li>
</ul>

<a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/voyager_-_3bed_175_sqm.jpg" style="width: 748px; height: 765px;" /></a>

Voyager offers residents the choice between two polished colour schemes, Halcyon and Intrepid.

Halcyon features neutral accents, stone benches, metallic finishes and soft tones.

Intrepid explores darker tones, with a different colour scheme for the joinery and benchtops.

Voyager is just one part of Yarra&rsquo;s Edge, a 14.5-hectare inner-city sanctuary located on the north-facing bank of the Yarra River.

To read more about Mirvac&rsquo;s Voyager, <a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008">click here</a>.

[smartcode_project_cta: project_id=3494]

Voyager is home to a wide collection of contemporary one, two and three bedroom residences, as well as three bedroom flexi townhomes and Sky Residences, designed for lofty luxury living

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Floorplan Focus: A look at the apartment configurations at Mirvac’s Voyager in Yarra’s Edge

The ASX-listed developer&nbsp;Cedar Woods&nbsp;has spent $63.5 million on&nbsp;two sites in Melbourne&rsquo;s western growth corridor.

They&#39;ve secured a 14.6 hectare site in Fraser Rise ($30.5 million) and a 39.7 hectare site in Fieldstone ($33 million). Combined, the acquisitions will add 725 lots to Cedar Woods&rsquo; development pipeline.

The Fraser Rise site (pictured main),&nbsp;25 kilometers north west of Melbourne&rsquo;s CBD, has planning permits in place for a 225 lot subdivision.

As part of the Plumpton Precinct Structure Plan, the development will benefit from a recreational park and a proposed non-government school. Settlement is due in October 2021 and is expected to contribute to Cedar Woods earnings from FY23.

The Company&rsquo;s purchase of a 39.7 hectare site in Fieldstone (below)&nbsp;is on deferred terms and is subject to Cedar Woods receiving approval to subdivide the site from its parent title, which is anticipated in FY23.

<img alt="" height="846" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/fieldstone_cedar_woods.jpg" width="1200" />

The Fieldstone development is expected to yield over 500 lots in the future Rockbank South Precinct Structure Plan.

Cedar Woods&rsquo; Managing Director, Nathan Blackburne, said the new acquisitions will come to market sequentially, further extending the Company&rsquo;s earnings pipeline.

&ldquo;Both sites provide exposure to Melbourne&rsquo;s western growth corridor with Fraser Rise set to benefit from continued demand for housing lots and Fieldstone&rsquo;s launch anticipated in FY24 or FY25,&rdquo;&nbsp;Blackburne said.

&ldquo;With our strong balance sheet, the support of our financiers and finance facility headroom of $94 million at FY21 year end, Cedar Woods remains well positioned to continue our strategy of diversification, bolstering our portfolio with quality product that meets the strong appetite for new housing in Australia.&quot;

They've secured a 14.6 hectare site in Fraser Rise ($30.5 million) and a 39.7 hectare site in Fieldstone ($33 million)



Cedar Woods acquires two new development sites in Melbourne's west

The Melbourne apartment market continued to grow over July, with the median apartment value rising&nbsp;0.4 per cent, according to the property data firm CoreLogic.

That takes the growth in Melbourne&#39;s apartment market to 6.1 per cent over 2021, following 0.8 per cent gains over June and 0.7 per cent in May.

Melbourne&#39;s median apartment value is now $612,000, having started the year at $577,000.

[smartcode_project:default project_id=5328 project_image_fid=155345]

The gains in the apartment market come as the booming housing market lost a little bit of steam over July.

CoreLogic&#39;s research director, Tim Lawless, suggests one of the reasons house prices are starting to lose a bit of steam is that they are becoming unaffordable for many.

&quot;With dwelling values rising more in a month than incomes are rising in a year, housing is moving out of reach for many members of the community,&quot; Lawless says.

[smartcode_project:default project_id=103179 project_image_fid=167491]

&quot;Along with declining home affordability, much of the earlier COVID related fiscal support (particularly fiscal support related to housing) has expired.&quot;

There&#39;s good news for landlords in Melbourne, Lawless added.

&quot;Rental markets in these areas [Sydney and Melbourne] are stabilising following a substantial reduction in rents due to high vacancy rates attributable to stalled overseas migration and a preference shift away from high density living during the pandemic.&quot;

The number of advertised properties for sale has fallen sharply across Sydney and Melbourne amid lockdowns.

New listings in Melbourne dropped 27 per cent between the week ending July 11th and July 25th.

[smartcode_project:default project_id=100322 project_image_fid=163035]

Melbourne&#39;s median apartment value is now $612,000, having started the year at $577,000.

&ldquo;We have seen the same trend through earlier lockdowns, where both buyer activity and vendor activity reduce before recovering to pre-lockdown levels once restrictions are eased or lifted.

&ldquo;With stock levels remaining tight, selling conditions have been skewed towards vendors.

&quot;Auction clearance rates have remained in the low-to-mid 70% range across the major auction markets through July and private treaty sales continue to record rapid selling times and low discounting rates,&rdquo; Lawless said

Melbourne's median apartment value is now $612,000, having started the year at $577,000

What happened to Melbourne apartment values over July?

Melbourne saw a 57 percent success rate at weekend auctions with a $640,000 median from its 107 sales.

Its top sale was 2/113 Esplanade, Williamstown for $2,275,000 which sold pre-auction.

The three level townhouse constructed in the mid-1990s has views of Port Phillip Bay.

The four bedroom, town bathroom townhouse sees the second floor designed as the heart of the home with an open plan living, dining and kitchen area.

The master bedroom is on the third level.

It was sold by RT Edgar whose price guide had been $2,050,000 to $2,200,000.

It last sold in 2015 at $1,470,000 and before that in 2008 at $1,575,000, according to CoreLogic.

The vendor in 2015 was author Andy Griffiths who penned the popular children&rsquo;s books, The Day My Bum Went Psycho Griffiths.

[smartcode_project:default project_id=102256 project_image_fid=163757]

The five townhouse project was undertaken by John Fares at 113 Esplanade.

Weekend apartment vendors secured a 69 percent success rate across 316 auctions across the capital cities.

According to CoreLogic there was an $812,000 median price.

There were 385 listings, with some 69 results yet to be advised.

Sydney was the strongest market with a 79 percent preliminary success rate, with a $993,000 median price.

Brisbane had a 64 percent success rate from 20 auction offerings.

Melbourne saw a 57 percent success rate with a $640,000 apartment/townhouse median from its 107 sales.



$2.275 million Williamstown townhouse tops Melbourne's weekend sales

With Melbourne&#39;s rolling lockdowns, and the want for more space over the last 18 months, townhouses have become one of the most in demand properties across the state.

Icon Developments Scott Jarzynka says townhomes have become a favourite for young families, as the local high-density dwellings currently available on the market don&#39;t offer the space they need.

&quot;This demographic of home buyers are wanting to stay in the inner-city, with the convenience of local public transport and parks,&quot; Jarzynka says.

&quot;Townhomes are the answer, providing a great location, convenience to their lifestyle and space.&quot;

Nat Eisen, at Eisen Property,&nbsp;&nbsp;says he&#39;s seen demand heighten for townhouses and larger apartments, with the latest rounds of COVID lockdowns not dampening buyer appetite.

&quot;We noticed stronger enquiry during lockdown, with those stuck at home researching real estate and wanting more space,&quot; Eisen says.

Eisen has been marketing the boutique townhouse development Inkerman &amp; Nelson in Balaclava, selling nearly all of its 27 townhouses, with just two remaining.

[smartcode_project:default project_id=25572 project_image_fid=87503]

Icon Developments had MAArchitects design the townhouses solely for the owner-occupier. Each townhouse, set in gardens landscaped by Eckersley Garden Architecture,&nbsp;has two or three levels, three or four-bedrooms, and two parking spots.

Icon say that Eckersley&#39;s&nbsp;distinct interpretation of &ldquo;family&rdquo; styled gardens moves away from traditional multi-residential landscaping, to ensure each space is made to feel like a stand-alone home.

Eisen says&nbsp;most of the buyers have been young families who live in the area who put location and lifestyle above everything.

But there&#39;s also been appetite from double income professionals who are looking to upsize locally.

[smartcode_project:default project_id=25572 project_image_fid=87502]

&quot;Most buyers have a strong connection to the location. They&nbsp;want&nbsp;something familiar and want to stay in the area.

&quot;Buyers are weighing up whether they buy a house further out or&nbsp;a townhouse closer to the city,&quot; Eisen said.

&quot;With established homes, buyers move in and might have to renovate, whereas buying off the plan and brand new, buyers can move in with ease, which is great for those families with young kids.&quot;

Eisen says buyers at Inkerman &amp; Nelson have appreciated the ability to personalise the townhouses, with the flexi-rooms on offer generally converted in to home offices.

[smartcode_project:default project_id=25572 project_image_fid=87507]

&quot;Most of the buyers intend to work from home in some capacity&quot;, Eisen noted.

One of the key drivers&nbsp;has been Inkerman &amp; Nelson has been the fact it is a well-priced product in a sought-after, expensive area.

While not being at the bottom end of the affordability scale with prices starting from $1,285,000, it&#39;s still considerably less than the entry level of the surrounding bayside suburbs of the pricey Bayside Brighton and St Kilda West.

Eisen says overall, he is seeing strong interest from all segments, from first home buyers to downsizers, with investors creeping back in to the market.

[smartcode_project_cta: project_id=25572]

Icon Developments Scott Jarzynka says townhomes have become a favourite for young families.



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