<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?

A local family has listed a 1.4 hectare site in the Fisherman&rsquo;s Bend precinct in Port Melbourne with industry expectations to fetch $30 million plus with interest tipped to come from &quot;the full suite of developers including local, national and international.&quot;

The property at 525 Graham Street, Port Melbourne is set to attract interest from the apartment developers, with the site&#39;s planning controls allowing for significant height and density to be achieved.

Located within the Wirraway precinct, the property is currently occupied by a large warehouse has been the longstanding base of Frank Walker&rsquo;s National Tiles.

It will provide the purchaser with holding income of $410,000 incl. GST plus outgoings during the development application period.

Savills agents Julian Heatherich, Benson Zhou and Clinton Baxter have been appointed to handle the sale.

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The Fishermans Bend Framework predicts that the precinct will support 80,000 new residents and 80,000 new jobs, with the population expected to grow by 1500% in the coming 20 years.

The Savills marketing notes the transformation of the urban renewal area is &quot;set to escalate in the coming years after some challenges since the precinct&rsquo;s initial rezoning in 2012.&quot;

Major investment by the state government will be underpinned by the transformation of General Motors Holden&rsquo;s former headquarters into a STEM employment hub supporting over 30,000 new jobs.

&ldquo;With the Fisherman Bend Infrastructure Contributions Plan set to be finalised in the near future, we&rsquo;re forecasting a real boost in development in Fisherman&rsquo;s Bend, particularly considering the current strength of the residential market, and the unrelenting demand for the city fringe&rdquo; Mr Heatherich said.

Current projects in the suburb include Port Lane at 201 Williamstown Road, Port Melbourne.

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The Fishermans Bend Framework predicts that the precinct will support 80,000 new residents and 80,000 new jobs, with the population expected to grow by 1500% in the coming 20 years.

The property adjoins Goodman Group&rsquo;s recent retail project which features a full-line Woolworths supermarket and Dan Murphys, while on the opposite corner of Plummer Street, the Fisherman&rsquo;s Bend Secondary School is almost complete ready for the first round of enrolments in 2022.

&ldquo;The delivery of key amenity and infrastructure on the neighbouring sites unlocks the potential for quick development of the site&rdquo; said Mr Heatherich.

Mr Heatherich noted that an opportunity of this scale is rarely brought to market. The site has been held by the family for 34 years.

The 1.4 hectare site has been held by the family for 34 years 

jchancellor-FAypfDUnLy

$30 million Frank Walker's National Tiles apartment development site to test the waters at Fisherman’s Bend

The best of Camberwell is within walking distance from the luxury Victoria &amp; Burke project that sits on Burke Road.

The unique project is defined by its large corner site but enhanced through a considered architecture and design response.

Designed in collaboration between architects Carr Design and landscaper Jack Merlo, this boutique collection of 15 two and three-bedroom homes brings the best of Melbourne to its residents.

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The home centres around a magnificent 200-year-old blue gum in the development&rsquo;s private garden, keeping nature at the heart of the home.

Urban takes a look at the great offerings that are within walking distance of the Melbourne development.

1. Parks and Nature

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Victoria &amp; Burke is conveniently located amongst some of Melbourne&rsquo;s best natural offerings, with nearby parklands including the Sir William Angliss Reserve and Fritsch Holzer Park.

Set amongst Camberwell&rsquo;s leafy streets, the development also boasts 420sqm of its own exclusive green, open space and garden areas.

2. Caf&eacute;s and Restaurants

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&ldquo;Every day is an adventure for your senses, with local restaurants,&nbsp; bars, caf&eacute;s and takeaways serving wide and varied menus&rdquo;, the project marketing reads.

Camberwell is known for its caf&eacute; culture, trendy eateries and friendliness, with Timeout claiming it boasts a significant collection of the best caf&eacute;s in Melbourne.

3. Shopping and Retail

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Discover Australia&rsquo;s favourite retail brands alongside local boutiques and artisanal makers at Camberwell Shopping Striop.

Other shopping offerings include the main entertainment district of the area, Camberwell Junction, which includes a variety of stores, such as Target, Coles, Woolworths and Aldi supermarkets, and the long-standing Art Deco Rivoli Cinema.

4. Great Transport Options

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Victoria &amp; Burke is well-serviced by transport options, and is well-connected to inner-Melbourne arterial roads and the M1 Freeway.

Burke Road is the pulse of Camberwell and is served by an abundance of public transport and plenty of parking space,

The short train into the CBD from Camberwell Station is close-by and trams link students to some of the state&rsquo;s best schools.

5. Health and Wellness

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For active pursuits, there are several health clubs and gyms within easy reach of the boutique development, including the Camberwell Junction tennis club.

For all your healthcare essentials, medical centres and pharmacies are within close proximity, while the Silk Day Spa is within walking distance for your wellness needs.

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The best of Camberwell is within walking distance from the luxury Victoria & Burke project that sits on Burke Road

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Take a stroll through Camberwell: What’s within walking distance from the Victoria & Burke development

Cbus continues construction on 17 Spring Street, a 36-level apartment tower in Melbourne.

Just one apartment remains for sale following its 2019 launch.

There is a $12 asking price for 2901/17 Spring St, Melbourne through Colliers International.

It is an expansive full floor residence with four bedrooms study with views across the Treasury and Fitzroy Gardens, within the heart of Melbourne&#39;s Paris-End.

Designed by architecture firm Bates Smart, the apartment encompasses a total footprint of 478-square-metres, with the living areas and master bedroom flowing directly onto three private terraces.

Completion is expected in 2022&#39;s second half.

The pricing for the two bedders started at $1.9 million following its launch.

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It has 74 apartments.

The complex will have a 25 metre lap pool, wine cellar and residents&rsquo; lounge.&nbsp;

There will be a shared dining room and a wine cellar with a tasting room that is linked to a landscaped outdoor terrace.

There will be a sumptuous lobby on the ground floor and porte cochere.

Architects studied some of Melbourne&rsquo;s most esteemed palazzo stone-faced buildings to design the entrance to the buildings.

The result is a grand entrance greeting the corner of Throssell Lane and Spring Street.

The apartments will feature parquetry oak flooring, custom-designed door hardware and tapware, and granite kitchen benchtops.

Exhibiting quintessentially Spring Street ambience, the living areas, dining and main bedroom connect seamlessly to private terraces

jchancellor

$12 million asking price for last apartment at 17 Spring St, Melbourne

The Melbourne-based developer Sunkin Group is seeing a high demand of sea and tree-changers in their bayside Brighton apartment development 448 Brighton.

The SJB-designed development of just 17 apartments at 448 St Kilda Street has seen&nbsp;buyers from Daylesford, Cape Schank and Point Lonsdale in recent months.

It&#39;s down to the location says Sunkin&#39;s Group Sales Manager Sophie Dobson, given it is adjacent to Elsternwick Park and Elwood Beach.

&ldquo;We&rsquo;ve seen a real trend in buyers who are looking to have an inner-city base that doesn&rsquo;t mean giving up their regional home luxuries like space, views, and nature.

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&ldquo;Buyers need more space when working from home and that trend is evident with Melburnians fleeing to the seaside or country to get more space and fresh air,&quot; Dobson says.

&quot;These homes offer larger living spaces for people to enjoy and more space for those working from home.

Now 50 per cent sold since launching in December, 448 Brighton apartments feature&nbsp;premium Gaggenau and Bora appliances, Astra Walker tapware and marble bench tops and tiles. The courtyard apartments have landscaping by the renowned Jack Merlo Landscape Design.

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There are two and three bedroom apartments available starting from $980,000.

Three skyhome penthouses with rooftop entertaining terraces and sweeping views will soon launch.

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It's down to the location, says Sunkin's Group Sales Manager Sophie Dobson, given it is adjacent to Elsternwick Park and Elwood Beach.

448 Brighton apartments attracting lock up and leave sea and tree changers

The high-end developer GURNERTM, is set for its second luxury apartment development as part of their new Club Maison strategy.

They&#39;ve secured a&nbsp;historic former bluestone church&nbsp;and former Sunday school hall site&nbsp;at 145 &ndash; 151 High Street, Prahran, and have submitted plans for a $40 million, 45 apartment development above the retained heritage building.

&ldquo;The heritage significance of the sites is what really excited us about the opportunity to be able to create something that embraces its past and re-invigorates it for the future,&rdquo; GURNERTM boss Tim Gurner.

&ldquo;It is no secret I am drawn to heritage sites especially where we can integrate the heritage components into our projects and bring these incredible buildings back to life.

The former Gothic Revival church and Sunday school hall building was constructed in 1891, later altered in 1936 to include shop fronts which are still in use today.

There will be a level of&nbsp;club commercial space behind the fa&ccedil;ade and an exciting ground floor restaurant and bar.

<a href="/developments/melbourne-vic?source_news_article_id=105008&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_melbournecbd_8.jpg" width="1200" /></a>

The proposed design will also feature a private rooftop club with city views, a clear-edged infinity pool, outdoor kitchen and dining spaces, and a sun deck designed by landscape architect John Patrick.

GURNERTM have appointed their go-to design partner Warren and Mahoney, who specialise in heritage restoration, to handle the design.

&quot;We really wanted the heritage to be treated with the love and respect it deserves,&quot; Gurner added.

The Prahran development will be the second Club Maison concept project for GURNERTM, who&nbsp;announced&nbsp;their first site in St Kilda after the acquisition of the former Cushion Lounge on Fitzroy Street late last year.

Gurner says there&#39;s a major boom coming, and they&nbsp;want to be sure they&#39;re ready for it.

&quot;I&rsquo;m cautiously optimistic on the market this year and think both the residential and hotel markets will present significant opportunities in the coming years so we are aiming to acquire another 10-15 sites across our portfolio in the next one to two years.

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&ldquo;The short term effects of the pandemic are hard to predict, however I am extremely confident in the future of Melbourne and Australia as the world comes out of this hiatus and people seek a safe, beautiful and free life and Australia offers this more than anywhere else in the world.&quot;

GURNERTM general manager of boutique, Brooke Formosa, said the site is an ideal location

&ldquo;Being so close to Prahran&rsquo;s vibrant Chapel Street precinct and amenity like Fawkner Park, St Kilda Road and the CBD, this site is the ideal location for both a residential component and our new Club Maison accommodation concept,&rdquo; she said.

&ldquo;Building our private club, hotel and boutique accommodation portfolio will be a major focus for us into 2021 and beyond, to complement our luxury residential pipeline as we expand into new asset classes, particularly where we can retain ownership and management long-term.

"I am extremely confident in the future of Melbourne and Australia as the world comes out of this hiatus and people seek a safe, beautiful and free life," Gurner said.

Boom coming to Melbourne says Tim Gurner, who plans second Club Maison apartment development in Prahran

The mixed-use Riverlee development Seafarers is one of the most anticipated apartment and hotel combination&#39;s to hit Melbourne in recent years.

The development will home Australia&#39;s first 1 Hotels, along with 123 apartments which have already <a href="/news/vic/entrepreneurs-and-executives-favour-hotel-lifestyle-as-seafarers-docklands-sales-surge">been a hit with entrepreneurs and business executives</a>.

Designed by the international architecture studio Fender Katsalidis, Seafarers is expected to be completed in late 2023.

Urban recently spoke to&nbsp;Gabriella Castelmore, a published author who recently moved back to Melbourne having lived overseas for the last 26 years and has found a home in Seafarers.

How did you discover Seafarers?

I first discovered Seafarers when I was in Paris. At the time, I wasn&rsquo;t ready to buy a property in Australia as I was still living overseas. When I did finally make the move, I had a good sense of the market and made the decision to look into Seafarers further. After visiting a few different developments, Seafarers was the obvious choice. The location and value for money exceeded my expectations.

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What attracted you to Seafarers?

Riverlee went straight to the top shelf in appointing the architect and interior designer, and that really stood out for me. I also liked the 1 Hotel component and its high standard of sustainability.

Location was important - I wanted to be central as in the past I had long commutes to work. Now, I will be in close proximity to the office and able to walk or ride to work easily. Coming from Paris where most people live in apartments, it&#39;s comforting knowing there is a beautiful rooftop garden terrace, river views and access to the public park.

&nbsp;

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What qualities were you looking for in a home?

First and foremost I was looking for quality fixtures and fittings, as well as floorboards and carpets. Moving to Melbourne, I had to factor in the need for storage. I was able to secure two units of storage in addition to a car park space.

Other qualities that were important were the amenities - having access to the gym, pool and sauna.

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What are you looking forward to most about living at Seafarers?

To be honest, I am really looking forward to the sheer comfort and luxury Seafarers offers. My apartment is really spacious with a big bathtub and lots of storage for me to keep everything organised and out of sight. I am also looking forward to using the hotel, inviting friends for coffee or a drink and experiencing 1 Hotel in Melbourne.

<a href="/news/vic/what-buyers-need-to-know-about-the-newest-northbank-project-seafarers-five-minutes-with-riverlees-david-lee">Read more:&nbsp;What buyer&#39;s need to know about the newest Northbank project Seafarers: Five minutes with Riverlee&#39;s David Lee</a>

Are there elements you customised when designing your new home?

I spent a bit of time changing the floorplan and Riverlee was really accommodating throughout the whole journey. I took out the laundry sink which I moved to the large en-suite with access via the hallway. By removing this, I was able to build a substantial study nook large enough for two people with built in cabinetry and shelving.

[smartcode_project:default project_id=27728 project_image_fid=73043]

We also finished the study area 20cm short from the kitchen allowing full floor to ceiling cupboards in the kitchen instead of a wall, and providing an enormous amount of additional pantry space.

<a href="/news/vic/the-design-details-fender-katsalidis-architects-discuss-riverlees-mixed-use-docklands-development-seafarers">Read more:&nbsp;The Design Details: Fender Katsalidis Architects discuss Riverlee&#39;s mixed-use Docklands development Seafarers</a>

What attracted you to the Northbank area?

Accessibility to the city and knowing everything is within walking distance, from the variety of great restaurants and bars Melbourne has to offer to the Arts Precinct and Botanical Gardens. Being a big tennis fan, I am also looking forward to being able to walk to the Australian Open when it&rsquo;s on.

I was also attracted to the bike tracks located directly around Seafarers and liked the fact that I&rsquo;ll be able to easily access the South Melbourne and Queen Vic markets.

Are there features at Seafarers that surprised you? 

Yes, the heritage aspect really surprised me, with the building retaining as much of the original site as possible. In today&#39;s world we need to be more conscious about our waste, and knowing this is something Riverlee is prioritising is very much aligned with my values.

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Urban recently spoke to Gabriella Castelmore, a published author who recently moved back to Melbourne having lived overseas for the last 26 years.



Why I bought a Seafarers, Melbourne apartment: Buyer Q&A

Sixth Avenue, delivered by the Aultun Group, was Urban&#39;s most popular project for first home buyers in the first quarter of 2021.

Designed by Point Architects in the near coastal suburb Chelsea Heights,&nbsp;south-east of Melbourne, Sixth Avenue features light-filled interiors, bespoke landscaping and recreational amenities within easy reach. &nbsp;

Boasting a collection of 59 two, three and four-bedroom residences, Sixth Avenue&rsquo;s premium location provides for all lifestyles.

Urban is giving eight reasons to consider buying a home at the 15 Sixth Avenue development.

[smartcode_project:default project_id=32136 project_image_fid=93835]

<h2>1. Local developer with a proven track record</h2>

Aultun Property Group is a Melbourne-based developer creating apartments and townhouses in Victoria&rsquo;s premium suburbs.

Founded in 2012, the group has developed its reputation as a visionary in multi-residential projects, successfully forecasting key growth areas and the latest market trends.

&ldquo;Our passion is underpinned by our design-driven vision to create places that enrich lives&rdquo;, the group said.

Other projects by Aultun Property Group in Melbourne&rsquo;s south-east include their Keysborough master-planned community, Haven.&nbsp;

[smartcode_project:default project_id=8082 project_image_fid=59641]

<h2>2. Designed by the award-winning Point Architects</h2>

Point Architects is one of Melbourne&rsquo;s leading, multi-disciplined architectural practices.

Since it was established in 2000, the practice has grown a&nbsp;reputation for delivering considered and innovative designs.

The group said, &quot;we are committed to the creation of quality architecture and interiors through a process of constant evolution.&quot;

Other residential works Point have been involved in include&nbsp;Teri Apartments in South Melbourne, The George in Fitzroy North and Olor in Richmond.

[smartcode_project:default project_id=32136 project_image_fid=93835]

<h2>3. Prime bayside Location</h2>

Aultun Group managing director Bruce Yang said, &quot;our expectation is that we will see a sharp price increase in property values in&nbsp;Chelsea Heights&nbsp;end of 2022 start of 2023 when this project &amp; the Chelsea railway upgrade have been expected for completion.&quot;

Chelsea Heights features great access to arterial roads such as the Mornington Peninsula Freeway, Eastlink, Nepean Highway and Beach Road.

Local schools&nbsp;just a short walk away include&nbsp;Chelsea Heights&nbsp;Primary School, St Joseph&rsquo;s Primary School and Cornish College. Monash University is also within a 15-kilometre radius, including the main Clayton campus and the Frankston satellite campus.

&ldquo;You will always find something new to do, surrounded by some of Melbourne&rsquo;s best government [and] private schools, the new&nbsp;Mordialloc&nbsp;by-pass will also bring so much value to the area&rdquo;, Bruce Yang added.

[smartcode_project:default project_id=32136 project_image_fid=93832]

<h2>4. Plenty of amenity</h2>

From sheltered bay waters to sports and activities at Goodlife&rsquo;s&nbsp;Chelsea Heights&nbsp;Health Club, owner-occupiers can enjoy a premium location that provides for all lifestyles.

Sixth Avenue is in close proximity to the picturesque Patterson River Golf Club, the Chelsea Public Golf Course, the Chelsea Yacht Club and the&nbsp;Patterson Lakes&nbsp;Marina.

For those seeking other options, there is alos&nbsp;a vast array of aquatic sport amenities available at the nearby Melbourne Cablepark.

[smartcode_project:default project_id=32136 project_image_fid=97223]

<h2>5. Affordable&nbsp;</h2>

Aultun Group managing director Bruce Yang has previously told&nbsp;Urban that the affordability of the townhouses was just as important as quality.&nbsp;

As such prices start from just $630,000 for a two bedroom townhouse and&nbsp;$730,000 for a three bedder.

Urban spoke to Brigit King, a first home buyer at Sixth Ave about what sold her on Sixth Avenue and&nbsp;she said,&nbsp;&quot;The offer was too good to not take. The real-estate market at the moment is booming and the price and location is what sold me.&quot;

<h2>6. Environmentally conscientious</h2>

Sixth Ave. Chelsea Heights achieves a &lsquo;Best Practice&rsquo; rating for BESS (Built Environment Sustainability Scorecard) with many key sustainable design strategies including a 5 star gas hot water system, water efficient tapware and showerheads as well as bicycle parking provided within each home and recycled water for garden irrigation and toilet flushing.&nbsp;&nbsp;

When queried on the point of sustainability Point Architects director Edgar Grech said, &quot;Sustainability is what we all want. We feel this is not an option but an integral part of the design.&quot;

[smartcode_project:default project_id=32136 project_image_fid=93834]

<h2>7. Multiple contemporary designs on offer</h2>

Sixth Avenue provides design variety in dwelling sizes and bedroom numbers it doesn&#39;t merely offer&nbsp;a generic one type design in floor plan and facade.&nbsp;

The townhomes modern design boast&nbsp;a versatility of space and function, with light filled interiors&nbsp;finished with high quality fixtures. Outside, private expansive courtyards make for the an alfresco opportunity and to show of a green thumb.

The contemporary homes are arranged around a quiet tree-lined street featuring&nbsp;a suite of two, three and four bedroom designs over two storeys.&nbsp;

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Boasting a collection of 59 two, three and four-bedroom residences, Sixth Avenue’s premium location provides for all lifestyles

jordan_55689

Seven reasons to consider a home in Sixth Avenue at Chelsea Heights

An interstate investor paid $2.825 million for a strata-titled apartment block at Caulfield East.

The 1970-built block of five apartments had been in the one family for more than 35 years. 
&nbsp; 
Teska Carson selling agent George Takis advised 33 Grange Road property drew 80 plus enquiries.

There were 110 bids from six bidders driving the price to $125,000 above the vendor&rsquo;s reserve. 
&nbsp; 
``This was a great result for Melbourne&rsquo;s suburban boutique apartment market,&quot; Takis said.

[smartcode_project:default project_id=29048 project_image_fid=151680]

&quot;Investors have been very wary of a product that has seen many sell at below their purchase price but the smaller, well-located, blocks have held their value well.&quot;

It was a 980 sqm holding with the build area totalling 485 sqm.

There are 3 x 2 bedrooms and 2 x 3 bedrooms.

The last time one of the tightly held rental apartments was marketed was in 2018 when a three bedroom ground floor apartment was offered as a $550 rental.

In 2008 it was a $270 rental.

A top floor unit was offered in 2016 at $495 a week.

Another was offered in 2013 at $350 a week.

An interstate investor has paid $2.825 million for a strata-titled apartment block at Caulfield East 

Interstate investor spends $2.8 million on Caulfield East apartment block

A city edge townhouse sanctuary in Collingwood fetched $2,255,000 at recent weekend auction, significantly above its price guide.

The 10 Little Oxford St offering was in a warehouse originally built in the 1950s and converted into residences in 2001.

Property developer John Wark and lawyer Katarina Palmgren bought the home 13 years ago and undertook its refurbishment in 2018.

It last traded in 2008 at $520,000.

The update was done by Robert Nichol &amp; Sons Architects.

[smartcode_project:default project_id=3233]

Simon Shrimpton at Jellis Craig had given a $1,850,000 to $2 million price guide with it featured on The Design Files web site.

It was marketed as having &quot;luxurious designer spaces of a high-calibre warehouse residence.&quot;

The extensive light-filled space came with high-class features and views in a convenient position near Smith and Gertrude Streets&rsquo; dining, caf&eacute;s, shops and trams.

Smith Street, the edgy Collingwood strip, was recently named the coolest street in the world.

The recent comparables advised by Jellis Craig included a Kerstin Thompson-designed townhouse at 93 Little George Street, Fitzroy sold at $2,005,000.

There had also been Station Mews, at 117 Station Street, Carlton at $2,065,000.

&nbsp;The agents cited the sale at 6/120 Queens Parade, Fitzroy North at $1.8 million, in the former 1930s Selotta Shoes Factory townhouse conversion.

The warehouse originally built in the 1950s was converted into residences in 2001.

Designer Collingwood townhouse soars above price guide

The ASX-listed national developer Mirvac working alongside Victoria Investments and Properties (VIP), have secured over 100 townhouse sales in their Rockbank&nbsp;masterplanned community Woodlea, west of Melbourne,&nbsp;over the last financial year.

And they rounded out the financial with a bang, snappily selling the full collection of&nbsp;nine of its top end townhouses, the first ever three storey, four bedroom residences released in the 711 hectare development.

They made up the mini-neighbourhood&nbsp;Central Quarter, located in a private neighbourhood next to the newly opened town centre.

The&nbsp;townhouses, created by Mirvac Homes,&nbsp;each have&nbsp;uninterrupted parkfront views. They were priced from $489,999, and were all snapped up within 48 hours&nbsp;of the registrations of interest campaign.

They comprise four bedrooms, two bathrooms, a study area, a double garage and front and rear landscaping.

[smartcode_project:default project_id=28733 project_image_fid=167737]

Woodlea Project Director Matthew Dean said that demand for townhouses in Woodlea have remained strong throughout the past year, with each townhouse release selling out within days of launching.

&quot;We have a growing list of buyers on a waitlist, who are seeking the compelling offering of townhouse living at Woodlea,&quot; Dean said.

&ldquo;These homes come ready to move in, everything is included, even to the extent of a letterbox and fencing, which appeals to a lot of buyers. They can have the house and land dream but without the added setup costs,&rdquo; he said.

[smartcode_project:default project_id=28733 project_image_fid=167735]

Overlooking the future heritage Outlook Park, Central Quarter is within walking distance to the newly opened Woodlea Town - home to a large-scale Coles, Aintree Public Primary School, Bacchus Marsh Grammar and Woodlea&rsquo;s sport precinct, offering tennis courts, football and cricket ovals.

Currently home to 7,500 residents, Woodlea is set to see 20,000 residents move in on completion.

Woodlea Project Director Matthew Dean said that demand for townhouses in Woodlea have remained strong throughout the past year

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