Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

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?

West Melbourne&rsquo;s newest address combines spacious architecturally designed apartments with convenience and security.

Delivered by the award winning&nbsp;Central Equity, Parkhill Apartments boasts 161 residences in one and two-bedroom configurations.

Proving popular with city residents who value the location&nbsp;and don&rsquo;t compromise on style and design quality, Parkhill sets the standard for affordable apartments in Melbourne.

Just metres from the inner-city with CBD views, homebuyers can secure one-bedroom apartments in the block from just $479,000. Two-bedroom apartments start from $619,000, and up to $819,000 when featuring an extra bathroom and a parking space.

[smartcode_project:default project_id=27406 project_image_fid=68150]

Below is a summary of the bedrooms, bathroom, garaging and square footage across 408 Spencer Street as well as a sample of a two-bedder floorplan:

<ul>
	<li>One Bedroom, One Bathroom, One Balcony, 57+&nbsp;sqm</li>
	<li>Two Bedroom, One Bathroom, One Balcony, 69+&nbsp;sqm</li>
	<li>Two&nbsp;Bedroom, Two&nbsp;Bathroom,&nbsp;One Balcony, 72+&nbsp;sqm</li>
	<li>Two&nbsp;Bedroom, Two&nbsp;Bathroom, One Parking space, One Balcony, 77+ sqm</li>
</ul>

<a href="/buildings/parkhill-apartments-west-melbourne-408-spencer-street-west-melbourne"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/parkhill_plans.jpg" /></a>

Each apartment delivers high-quality features like Miele appliances and German tapware.

The bright &amp; roomy apartments with up to 2.7 metre high ceilings also come equipped with a washer&nbsp;dryer and concealed air-conditioning and heating

The homes include plenty of hidden storage space, with built-in-robes and kitchen cabinetry, as well as a hideaway laundry in select residences.

Every home features a spacious tiled balcony with many of&nbsp;the two-bedroom abodes placed at corners to capitalise further on a sweeping view.

[smartcode_project:default project_id=27406 project_image_fid=68117]

Parkhill is located in a compelling Melbourne CBD fringe location, only metres from the tranquil Flagstaff Gardens and other amenities.

Residents will have convenient access to shopping and dining offerings, universities, Melbourne&rsquo;s employment hub and excellent public transport services.

Designed to be the ideal place to work, live and play, Parkhill&rsquo;s lifestyle offerings include a rooftop gymnasium with views of Melbourne&rsquo;s skyline and a rooftop garden terrace.

The terrace provides a calming, landscaped setting to entertain family and friends, featuring dedicated seating areas, mature planting and barbeque facilities.

On the ground floor, a grand foyer and seven-day concierge help welcome you home.

[smartcode_project:default project_id=27406 project_image_fid=155585]

All that plus a guarantee of quality from a decorated developer with over 80 completed Melbourne projects.

&nbsp;Central Equity has won the Housing Institute of Australia (HIA) Victoria&rsquo;s &lsquo;Apartment Project of the Year&rsquo; award six times over the last ten years, making them the HIA Victoria&rsquo;s most awarded apartment developer.

Delivered by the award winning Central Equity, Parkhill Apartments boasts 161 residences in one and two-bedroom configurations

jordan_55689

Floorplan Focus: Central Equity offer four floorplans at West Melbourne tower Parkhill Apartments

R&amp;F Property Australia&#39;s Footscray development Live City is set to breathe new life in to Ballarat Road.

The are&nbsp;rejuvenating&nbsp;the historic 1900s industrial complex of the old Kinnears Ropeworks&nbsp;and converting it in to its own masterplanned community.

It will home eight apartment towers when completed in between six to eight years, as well as retail and commercial precinct.

Stage one, the first residential tower,&nbsp;has recently been completed.&nbsp;The 14 level tower&nbsp;has been designed by Elenberg Fraser and homes 208 apartments which&nbsp;start from $468,000.

[smartcode_project:default project_id=3565 project_image_fid=68184]

R&amp;F are set to take advantage of the wider transformation&nbsp;Footscray has undergone over recent years.

The suburb, around six kilometres west&nbsp;of the Melbourne CBD,&nbsp;has&nbsp;gone from a gritty and rundown area&nbsp;to become an eclectic sought-after suburb for its cafe culture, student hub and connectivity to the Melbourne CBD.

Subtle hints to its industrial past remains, whether it&#39;s through the residential conversion of its factory buildings or commercial conversion of former warehouses.

Infrastructure surrounding the suburb has contributed to its gentrification. But some existing infrastructure plays a big part in its connectivity.

[smartcode_project:default project_id=3565 project_image_fid=76040]

Take the tram route 82,&nbsp;one of the last surviving historic routes from the historic Footscray tram network. That runs&nbsp;from the corner of Leeds and Irving Street&nbsp;to Moonee Ponds junction.

It runs via the $1.5 billion Western Hospital and Maribyrnong&#39;s High Point Shopping Centre. There are two tram stops literally on Live City&#39;s doorstep, as well as two&nbsp;bus stops.

Getting around town is also set to become even easier for residents of Live City, with news that train services will be running to the Melbourne CBD every two minutes during peak times from Footscray Station.

<a href="/buildings/live-city-124-188-ballarat-road-footscray"><img alt="" height="862" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/live_city_location.jpg" width="1600" /></a>

The suburb is popular among students and young professionals, with Footscray Park, the largest of VIC University&#39;s campuses a stones throw from Live City.

That features world class sports science facilities, state of the art lecture theatres and aquatic and fitness centres. The adjacent parklands also meet Flemington Racecourse.

Footscray&#39;s large indoor&nbsp;market&nbsp;is a popular haunt for those seeking the freshest fruit, veg, meat and seafood. There&#39;s also a number of retail outlets in the Irving Street block.&nbsp;

Over the last five or so years the suburb, just six kilometres north of Melbourne, has been undergoing its own transformation



Footscray Walking Tour: What's within walking distance of Live City?

Despite its prime location on the sought-after Chapel Street, residents of the completed 661 Chapel Street in South Yarra will feel they don&#39;t have to leave the development to exercise or socialise.

661 Chapel Street is the first Australian project of the Malaysian-based developer Gamuda Land, who made it a focus to offer their residents the best in onsite facilities.

Local architecture firm Bird de le Coeur designed the 30 level building of just 116 apartments.

The hotel-feel&nbsp;of 661 Chapel starts from the private porte-cochere entry, where the concierge is located.&nbsp;Behind the concierge is a meet and greet-style break out room with seating and dining facilities.

[smartcode_project:default project_id=600 project_image_fid=140800]

Also the ground level is a grand library and music corner, as well as private dining rooms and board rooms.

There&#39;s further dining rooms on level six, where the majority of the hotel-style facilities are located.

The most impressive is the 25 metre indoor/outdoor lap pool, which is accompanied by a sun deck, sauna and a steam room.

<a href="/buildings/661-chapel-street-661-chapel-street-south-yarra"><img alt="" height="947" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/661_chapel_st_pool.jpg" width="1600" /></a>

Level six also features a mini theatre room, lounge, gym and a wine cellar.

Entry level is from $546,000&nbsp;for a one bed apartment, $798,000 for two bedrooms and $1,841,000 for the three bedroom apartments. 
 
<a href="/buildings/661-chapel-street-661-chapel-street-south-yarra"><img alt="" height="972" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/661_chapel_theatre.jpg" width="1600" /></a>

The hotel-feel of 661 Chapel starts from the private porte-cochere entry, where the concierge is located



Why would you leave? 661 Chapel St offers residents health and social amenities

Port Lane is the latest development from the Melbourne developer ID_Land.

The townhome project of 122&nbsp;residences&nbsp;draws on its beachside location just minutes from the Sandridge Beach&nbsp;sand.

The three bedroom, two bathroom homes, designed by Rothelowman with interiors from Hecker Guthrie, start from $1,025,000.

[smartcode_project:default project_id=89720 project_image_fid=147504]

It&#39;s the location of Port Lane that has buyers, particularly owner-occupiers, quickly interested.

The development at 201 Williamstown Road takes prime position in the sought-after suburb of Port Melbourne, less than five minute walk to the Port Melbourne dog beach.

It&#39;s slightly further stroll to Port Melbourne Pier, or a shorter cycle on the Bay Trail along the beach.

<a href="/new-townhouses/port-lane-201-williamstown-road-port-melbourne"><img alt="" height="1129" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/port_lane_aerial_1.jpg" width="1600" /></a>

There&#39;s immediate access to public transport. The tram takes 20 minutes to reach the CBD.

Within walking distance is the popular Greg &amp; Bliss, the coffee pitstop by day and cocktail bar by night, as well as as all-day breakfast served at Station St Trading Co and&nbsp;Portofino inspired fine dining&nbsp;at Ciao Cielo.

Port Lane is also&nbsp;a short walk down Williamstown Road to the beating heart of Southbank.

Further afield, Port Lane provides convenient&nbsp;access over the Westgate Bridge to get out of Melbourne and head down to the Bellarine Peninsula.

About the developer

Listed amongst Urban&rsquo;s list of 10 developers to watch in Victoria this year, ID_Land delivers high-quality communities of varied scale and complexity, and Port Lane is no exception.

Founded in 2009, the group competes against the industry&rsquo;s leading players and boasts a diverse development pipeline in excess of $2 billion.

The townhome project of 122 residences draws on its beachside location just minutes from the Sandridge Beach sand.

Walking tour: What's within walking distance from Port Melbourne's Port Lane townhomes?

One Coburg Quarter is the newest development by the Melbourne-based property developer Future Estate.

The contemporary eight level&nbsp;building is being constructed on the&nbsp;historic site was once the Pentridge Prison, with the heritage bluestone walls used by renowned architecture firm Rothelowman as part of the facade.

The residential tower homes just 125 one and two bedroom apartments, priced from $351,000.

The&nbsp;multi-faceted masterplan has been designed with the community in mind.

A European-style central square complemented by a new high street, offering an exciting range of restaurants, cafes, bars, retailers and public spaces will form the civic and cultural focal point.

Urban has taken a look at five reasons why One Coburg Quarter should be on a buyer&#39;s shortlist.

[smartcode_project:default project_id=3783 project_image_fid=144842]

1. The Developer

Future Estate has been developing property since 2009 when it was founded by its managing director Ben Anderson.

Currently they have two Bundoora projects, Botanic at Parc Vue, the 407 apartment block, and Parc Vue Bundoora, neighbouring Bundoora Park.&nbsp;

Future Estate prides themselves on a more &#39;full circle&#39; approach to property and its management, rather than the typical development only approach.

[smartcode_project:default project_id=3783 project_image_fid=28884]

Future Estate then seeks to maintain ownership of specific, strategic assets once developed, and then manages the real estate requirements as each project reaches completion.

Such management services include owners corporation, building manager and concierge services, hotels and serviced apartments and hospitality venues.

2. The Architect

One Coburg Quarter has been designed by the renowned architecture firm Rothelowman.&nbsp;

They call 1851-built Pentridge Prison a stunning Australian treasure due to its bluestone construction which has held for for 170 years.

&quot;Echoing the rhythm and language of the historical prison structures, One Coburg Quarter is inspired by the past, yet designed for tomorrow&quot;, Rothelowman note.

[smartcode_project:default project_id=3783 project_image_fid=144846]

It was inspired by the unique character of Coburg and a reverence for historic mixed-use precincts in New York City and London.

&quot;Coburg Quarter will have a village feel in an urban context. It will be a natural extension of Melbourne&rsquo;s celebrated northern suburbs such as Brunswick, Northcote and Fitzroy.&quot;

3.&nbsp; The Location

Coburg has long been admired for its multicultural heritage, and culture of community and family. With Sydney Road at its heart, the suburb has gentrified considerably in recent times, however, still very much retains its heritage and relaxed atmosphere. A short stroll down Sydney Road illustrates a community and village vibe that can&rsquo;t be matched in Melbourne.

Rated a 9/10 for walkability, everything is within close reach in Coburg. From up-to-the-minute cafes, restaurants, bars and nightlife, to quality basic amenity such as supermarkets, One Coburg Quarter has it all within walking distance. But delve deeper and you&rsquo;ll find little gems such as the weekly farmer&rsquo;s market at Coburg Primary School and Mediterranean Wholesalers, a wonderful continental market.

Coburg lies within a transport &lsquo;hot spot&rsquo;, offering residents multiple ways of moving around Melbourne. Just a 30-minute tram ride from the CBD, Coburg is also serviced by trains and buses, making it a cinch to get around. If driving is your thing, Sydney road is a major arterial in the north, connecting Coburg to the CBD and neighbouring northern suburbs. What&rsquo;s more, Coburg is a mere 20-minute drive from Melbourne&rsquo;s Tullamarine Airport.

4. The Apartments

On offer are a selection of one and two-bedroom floorplans, each with state-of-the-art kitchens featuring&nbsp;mirrored splashbacks, integrated appliances and four-burner gas hobs, as well as&nbsp;Matte black tapware and minimalist sinks.

[smartcode_project:default project_id=3783 project_image_fid=144840]

The living areas feature pale timber flooring and are filled with plenty of natural light.

The bathrooms also exude style &ndash; with matte black fittings, integrated vanity storage and LED lighting.

5. The Amenities

Residents at One Coburg Quarter will enjoy communal indoor lounge and dining areas that open to an outdoor rooftop terrace with landscaped plans, outdoor seating and a barbecue.

[smartcode_project:default project_id=3783 project_image_fid=144843]

The terrace will have a panoramic view of the Melbourne skyline.

Want to know more?&nbsp;Check out the <a href="/news/vic/display-tour-one-coburg-quarter-by-future-estate-in-coburg-vic">display tour here</a>.

&nbsp;

One Coburg Quarter is the newest development by the Melbourne-based property developer Future Estate.

Why One Coburg Quarter should be on a buyer's shortlist

Melbourne unit rents have fallen by 8.2% over the year and Sydney unit rents are 4.9% lower, according to CoreLogic&rsquo;s Rental Review for the March 2021 quarter.

CoreLogic&rsquo;s research director Tim Lawless blamed it on &quot;a demand shock.&quot;

&ldquo;The annual decline in rents across Australia&rsquo;s two largest cities is attributable to falling rents in the unit sector, where closed international borders have created a demand shock in a market that was already challenged by high supply.&nbsp;

&ldquo;Some inner city precincts of Melbourne have seen unit rents fall by more than 20% over the past 12 months.&nbsp;

[smartcode_project:default project_id=600 project_image_fid=13472]

&quot;Prospects for a material improvement in rental conditions across these inner city high density precincts are largely dependent on a return of tenancy demand from international students and visitors, who were previously a key component of rental demand.

&ldquo;Although rents are generally rising, housing values have been rising at a faster rate which has seen rental yields compress across most of the capital cities.&quot;

Lawless noted while Melbourne recorded the weakest growth in rents among the capitals over the three months to March 2021, house rents were up 1.6%, while unit rents were unchanged over the quarter.

Lawless noted the strong exceptions were Perth and Darwin where rents have risen at a faster pace than housing values, driving a rise in yields.&nbsp;

&quot;The opposite is true in Sydney and Melbourne where rental yields are plumbing new record lows,&quot; he said.

[smartcode_project:default project_id=6201 project_image_fid=89011]

&ldquo;Outside of Sydney and Melbourne, with mortgage rates so low, yields are generally high enough to provide investors with positive cash flow opportunities from the outset,&rdquo; says Mr Lawless. 
&nbsp;&nbsp; 
National gross rental yields were recorded at 3.55%, down from 3.71% over the December quarter and 3.76% a year earlier as dwelling values outperform rental growth.

Darwin was the highest yielding capital city, up 21 basis points over the month to 6.21%.&nbsp;

Sydney remains the lowest yielding at 2.74%.

Melbourne recorded the weakest growth in rents of the capital cities over the three months to March 2021, with house rents up 1.6%, while unit rents were unchanged over the quarter

jchancellor

Melbourne apartment rents remained steady over March quarter: CoreLogic

Cremorne&#39;s gentrification has gained further momentum with the addition of Everlane strata office suites.

CostaFox has launched its second premium strata office complex in the inner Melbourne suburb.

The strata offices will range in size from 68sqm to whole floors at 613, with prices from $845,000.&nbsp;

Everlane will be diagonally opposite the first project at 22 Gordon Street, Cremorne.&nbsp;

The suburb, set between Goschs Paddock and Chapel Street, was an industrial suburb.

Construction of The Malt District, a $1 billion redevelopment on the Nylex Clock site in Cremorne, is the biggest project having been commenced in 2018 by the developer Caydon.

Caydon&#39;s initial project was a nine-level office tower, and then 12 and 15 stepped-level Coppins Corner tower.

With more than 200 residential apartments, the apartments have been priced from $462,000 for one bedrooms, two bedrooms from $695,000 and three bedroom apartments from $1.4 million.&nbsp;

&quot;This gentrifying Cremorne pocket has evolved into an epicentre for work, health and wellbeing and social congregation,&quot; managing director Michael Fox noted.

<img alt="" height="1600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/22_gordon_st_2.jpg" width="1200" />

The new project features 14 strata office suites on the top three levels of the eight storey building with city views.

The building was designed by Fieldwork, with interiors by Mim Design. The landscaping will be by openwork.

It features premium club-like end of trip facilities, although it is expected some workers will reside in the Malt District.

Fox advised it was &quot;a sustainable and technologically advanced smart building for the future.&quot;

Development director, Geno Hubay said that CostaFox had a view that &ldquo;many tenants would prefer to be owner occupiers post COVID with many companies wanting to control of their own destiny.&quot;

The office suites, which come with at least one secure car space, are listed through Colliers International agent Ben Baines, Ted Dwyer, Raphael Favas and Chris Ling.

CostaFox sold its initial strata office development project in one line to Bayley Stuart in November 2019 for $50 million.

Cremorne's gentrification has gained further momentum with the addition of Everlane strata office suites to the precinct

Cremorne's gentrification gains further momentum with Everlane strata office suites

One Coburg Quarter is set to be the newest sought-after address in the north Melbourne suburb when it is completed next month.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a very limited number of its one and two bedroom apartments left, with residents moving next month after a three and a half year build.

Here are 7 things we love about the&nbsp;soon to be completed&nbsp;One Coburg Quarter:

[smartcode_project:default project_id=3783 project_image_fid=28885]

<h2>1. Delivered by a forward thinking&nbsp;developer</h2>

Future Estate&nbsp;is a Melbourne based property development firm with a forward thinking mindset.

With over $1billion worth of projects under development and a portfolio spanning the eastern seaboard of Australia, Future Estate is one of the country’s most progressive privately-owned developers.

They are currently focusing on Parc Vue with the recently completed Parc Vue at Bundoora and Botanic At Parc Vue underway.

<h2>2. Designed by&nbsp;award winning&nbsp;Architecture firm Rothelowan</h2>

With an&nbsp;intelligence-driven approach has recognised for creating high-quality, innovative designs across a range of sectors and project types, Rothelowman has done a stellar job at One Coburg Quarter.

Managing not only a stunning facade that incorporates the bluestone walls which were once part of the Pentridge Prison that was on the site but also creating a village feel in an urban context.

Other works the award winning firm is involved in at the moment include, Canvas, Hawthorn Park and Port Lane.

[smartcode_project:default project_id=3783 project_image_fid=147461]

<h2>3. Historical Significance</h2>

One of the most unique elements of One&nbsp;Coburg Quarter&nbsp;is that it incorporates the bluestone walls which were once part of the Pentridge Prison which once sat on the site.

Her Majesty's Prison Pentridge&nbsp;was an&nbsp;Australian&nbsp;prison that was first established in 1851 and was closed in&nbsp;1997. One&nbsp;Coburg Quarter&nbsp;developer&nbsp;Future Estate&nbsp;bought&nbsp;site for $4 million in 2014 and sold it for $12.8 million in 2017.&nbsp;Future Estate&nbsp;retain a further 4.2 hectares which is part of their masterplan mixed-use community hub.

<h2>4. Location Location Location</h2>

Ideally placed to take advantage of both the&nbsp;city just a short commute away as well as more local secrets.

One&nbsp;Coburg Quarter&nbsp;has a 9/10 walk score, with a fantastic selection of shops, cafes, parks and public transport at your doorstep.

Rising on&nbsp;Urquhart Street, Coburg is surrounded by the old Pentridge Prison site, Coburg Town Hall, the farmers market and a multitude of eclectic cafes and restaurants.&nbsp;

[smartcode_project:default project_id=3783 project_image_fid=144843]

<h2>5. Amenities on offer</h2>

Some of the luxuries on offer in the development include&nbsp;access to&nbsp;a residents’ bar and lounge with a stone wall built-in fireplace, a kitchen and a library, as well as&nbsp;a sky garden with a barbecue, seating and city views on the top level.

Supermarkets, cafes, schools, medical clinics and multiple public transport options are just a few short steps from your front doorstep.

Plus just a couple hundred metres away are a choice selection of primary and secondary schools.

<h2>6. Timeless Design</h2>

On offer are a selection of one and two-bedroom floorplans, each with state-of-the-art kitchens. Mirrored splashbacks, integrated appliances and 4-burner gas hobs can be found in all kitchens. Matte black tapware and minimalist sinks, add a sense of timeless modernity.

The living areas feature pale timber flooring and are filled with plenty of natural light. The open plan layout gives you the flexibility to customise the space to your liking and entertain with ease.

The bathrooms also exude style – with matte black fittings, integrated vanity storage and LED lighting.

[smartcode_project:default project_id=3783 project_image_fid=28884]

<h2>7. Affordable Priced&nbsp;</h2>

There are 148 one and two bedroom apartments across the eight-level tower, starting from $351,000 for a 50 sqm one bedder with a storage cage.

The bigger one bedroom apartments, closer to 60 sqm, start from $469,000 with their own parking spots.

The project, developed by Future Estate and designed by architecture firm Rothelowman, only has a very limited number of its one and two bedroom apartments left, so don't miss out

Seven things Urban love about One Coburg Quarter

ID_Land&rsquo;s latest Brunswick development, Canvas, offers residents a premier home with breathtaking vista&#39;s.

Designing a building offering a collection of 62 one, two and three-bedroom apartments, Rothelowman Architects has placed people at the cornerstone of their design.

Located on the building&rsquo;s rooftop is a variety of communal spaces providing residential amenity and green spaces, with views of Melbourne&rsquo;s city skyline and parks.

[smartcode_project:default project_id=29358 project_image_fid=85958]

The project boasts a communal lounge area, kitchen and entertainment dining, providing work from home space or a quiet corner for a good book.

Beyond your doorstop, Canvas lies in the heart of Brunswick&rsquo;s vibrant community with retail hotspots, diverse eateries and bustling bars that are just a short walk away.

The development an impressive walk score of 97/100, located less than a minute from nearby shops and just three minutes&rsquo; walk to the nearest tram stop.

&ldquo;The Brunswick community is so richly diverse it should be its own city&rdquo;, ID_Land&rsquo;s Jeff Garvey said.

Canvas is located in close proximity to the Melbourne CBD, among&nbsp;universities and a short walk from Princes Park.

[smartcode_project:default project_id=29358 project_image_fid=85960]

Situated on the bustling Barkly Street, Canvas provides absolute convenience with private and secure access to an on-grade car park, with no car lifts or parking stackers.

Each apartment also benefits from at least one bike space and on-site bike maintenance facilities are available.

Green living was taken as a requirement with additions such as all communal areas in the complex make use of solar technology and the rooftop garden collects rainwater for greywater harvesting diminishing the building carbon footprint.

Educational facilities with walking distance include:

<ul>
	<li>Princes Hill Primary School</li>
	<li>Brunswick South Primary School</li>
	<li>Sydney Road Community School</li>
	<li>Brunswick Secondary College</li>
	<li>Princes Hill Secondary College</li>
</ul>

There&#39;s also satellite campuses for&nbsp;RMIT University and Monash University.

ID_Land’s latest Brunswick development, Canvas offers residents a premier home with breathtaking vista's

Walking Tour: What's within walking distance from Canvas Brunswick

LUMA is Development Victoria&rsquo;s latest way of living in a connected, masterplanned community of homes that inspire healthier living.

The State Government authority, in collaboration with master planning by&nbsp;Roberts Day, are offering the solution to a hectic lifestyle with&nbsp;low maintenance living in Melbourne&#39;s Sunshine North.

Designed for modern family life, LUMA will provide around 300 townhomes consisting of one, two, three and four&nbsp;bedroom floorplans, to accommodate a wide range of buyers.

[smartcode_project:default project_id=27783 project_image_fid=96895]

Development Victoria are passionate about making Victoria a great place to be, building great homes and communities where people and business can thrive.

Full of spacious green spaces, not only are LUMA&#39;s streets filled with native landscaping, but internal parklands alongside&nbsp;open and linked green spaces provide a sense of lush vegetation and natural living.

The project will include a local LUME park. It will feature a fully equipped children&#39;s&nbsp;playground, a sheltered BBQ, picnic area and kick-about spaces.

[smartcode_project:default project_id=27783 project_image_fid=96896]

Or experience the outdoors at home with residences boasting a mix of outdoor courtyards and terraces, ideal for relaxing or entertaining.

There is also plenty beyond the lifestyle amenities on offer with cafe&#39;s shopping and local businesses not far away.

LUMA&rsquo;s Urban and Tempo homes have been architecturally designed to make everyday living easier.

These contemporary 1, 2, 3 and 4 bedroom townhomes offer a wide range of smart floorplans making it easy to find the right home for you.

Current release includes two bedroom homes from $515k.

Designed for modern family life, LUMA is a 300-resident project offering a collection of two, three and four-bedroom townhouses to accommodate a wide range of buyers

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Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

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