Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

[smartcode_project_cta:default project_id=152737]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

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 href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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The Victorian government has announced that from 2015 international students are able to access public transport concession cards, in a bid to boost local tourism and the economy.
The move will see overseas students offered a 50% annual discount for public transport tickets. Victoria and NSW are the only states that do not offer the same concession rates for international students that are available to their domestic counterparts – despite these states having the <a href="https://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/4102.0Main+Features20Dec+2011" target="_blank">highest numbers of international enrolments</a>.
Victorian Tourism Industry Council chief executive Dianne Smith welcomes the changes, saying the new concession rates for international students will provide a good opportunity for businesses despite the government being “a bit slow” on the issue.
“This is obviously going to assist the tourism industry,” Smith told SmartCompany. “We have great cosmopolitan experiences in Melbourne and offer great regional experiences in Victoria.”
According to the Australian Bureau of Statistics, the international education sector contributed $16.3 billion in export income to the Australian economy in the 2010-2011 period. Smith says if businesses want to really tap into the international student market, then they need to create positive experiences.
“They bring with them their friends and relatives,” she says. “It can lead to repeat visitation. Family and friends are great value for tourism.”
Smith says the key is for businesses to work closely with colleges and tertiary institutions so that international students are fully aware of where they can travel.
“Already there’s quite a lot of collaboration between the tertiary and tourism sector. And we would encourage our members to maintain and increase that collaboration because we have to make sure opportunities are available and promoted well.”
In a statement, Victorian Minister for Public Transport Terry Mulder said international student concessions would be available in all metropolitan zones as well as regional centres. The scheme will apply to trams, buses and trains.
“This will make international students feel even more welcome when they come to study in Victoria and enhance our reputation as a world leading international student city,” he said. “An overseas student will now save up to $1,105 per year travelling across the greater city of Melbourne.”
International students have long agitated for changes to public transport concession rates, particularly over concerns that some international students <a href="https://www.theage.com.au/victoria/state-lags-on-cheap-travel-for-students-20121106-28w2r">are risking their safety</a> by walking home late at night because they cannot afford public transport.
This article first appeared on <a href="https://www.SmartCompany.com.au" target="_blank">SmartCompany</a>.
                            
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Tourism industry set for a boost as international students granted transport concessions

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Victoria's Planning Minister, Matthew Guy, has recently announced another 50,000 lots of land to be the target for Melbourne this year, with plans to boost the construction industry in the state. Recently inviting public comment on Precinct Structure Plans for 21,000 housing lots in the southeast, Guy noted that further land would be released this year in the western and eastern corridors. He noted that every million dollars spent on housing construction creates seven full-time jobs in the building sector, and other flow-on jobs and benefits. "It is vital for the Victorian economy that our supply of land for housing  growth is strong,” Guy said. He pointed to lot prices coming down 15%, from $225,000 to $191,000 from 2010 to December 2013, which he said is driven by the strong land release policy under the government. This has seen development projects that are "competing" rise from 90 to 143 over this period. "This announcement compliments other major projects that have been  approved recently. I am pleased to be able to provide an economic boost  for Victoria and to provide increased housing affordability through  greater competition. More land supply will mean greater competition in the  marketplace, driving lower lot prices for homebuyers,"  Guy said. "Housing approvals and building activity in Victoria are at the highest  level in three years due to strong policy action by the state government,  and important strategic planning done by the Metropolitan Planning  Authority," he continued. The land target applies to the western, northern and south-eastern growth corridors, with all to be within Melbourne's urban growth boundary. No changes to this boundary are being proposed. He said that over 500 hectares of employment land will be included in the structure plans, and that Development Contribution Plans will apply to every structure plan, to provide open space, community facilities and infrastructure. Just yesterday, Property Observer reported that <a href="https://www.propertyobserver.com.au/victoria/satterley-property-group-looking-to-nearly-triple-land-sales-with-two-new-estates/2014030568192" target="_blank">developer Satterley Property Group has found the increasing competition difficult to contest with</a>. "There is a lot of competition at Doreen and there is a difficult balancing act in managing supply and demand with a lot more land been approved for development over the past few years," Jack Hoffmann, Victorian general manager for Satterley said, despite having a bullish view on expected performance this year. "Victoria has some of the best new suburbs in Australia, with  carefully-planned communities providing liveable homes for our growing  population. We are far better placed for housing growth than other states,  which keeps housing costs comparatively lower, and makes us an attractive  location for investment and business growth," he said. Another area that is on his radar for land supply in 2014 is Geelong. In addition to Melbourne's 50,000 lots, towns such as Lara have seen a significant number of lots rezoned. There have been 4,000 rezoned in Lara, and he suggested further releases in the Armstrong Creek corridor to progress the growth of Lovely Banks and Batesford South.
Late last year, Property Observer <a href="https://www.propertyobserver.com.au/victoria/exclusive-melbourne-s-potential-oversupply-the-experts-have-their-say/2013101065633" target="_blank">surveyed a number of experts, as well as polled readers, about their thoughts on a potential oversupply in the Melbourne market</a>. While many pointed to an oversupply of apartments in the inner city, there were some that expressed concerns about the number of potential land releases and unsold estates. Of the readers who took part in the poll, which specifically looked at apartments, 44.8% said that Melbourne is oversupplied, but only in the inner city. Meanwhile, 37.3% said that 'Yes' there was an apartment oversupply generally. <a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Land lot prices in Melbourne have dropped 15% since 2010, with more room to fall

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There will be an appreciable drop in auctions over the weekend due to the Labour Day long weekend. RP Data is expecting 291 auctions this coming week in Melbourne.
Whilst the market is going very well – the last fortnight has been remarkably strong – the missing component at this stage is first home buyers. If this sector became active again, sales volumes would rise to historical averages.
Those intending to buy over the next month will welcome the largely stable nature of dwelling values over February. After the new peak was reached in January, house values dropped by 0.3% in February and units rose by 0.4%. This points to a market in a moderate growth phase and shows that the value rise in January has been locked in.
Key data
<ul>
<li>
Clearance rate week ending March 2: 76.6%
</li>
<li>
Melbourne auctions expected week ending March 9: 291
</li>
<li>
Melbourne private sales time on market week ending March 2: 56 days (houses)
</li>
<li>
Melbourne vendor discounting market week ending March 2: -5.7% (houses)
</li>
<li>
Listings being prepared for market are 7.1% higher in month ending March 2
</li>
</ul>
Robert Larocca is Victorian housing market specialist for <a target="_blank" href="https://rpdata.com/" rel="nofollow">RP Data</a>.
                       
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A quiet Labour Day long weekend: RP Data's Melbourne weekend auction preview

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Satterley Property Group has set the bar high for themselves, looking to attain 10% market share in Melbourne with 1,000 lots per year to be sold – nearly triple their current effort.
In line with this, they are doubling the number of land estates they’re releasing onto the market with two new communities, one in Point Cook and one in Tarneit, to be launched this year. These two new estates, in Melbourne's growth corridors, join the company's existing estates in Melbourne include Coburg Hill and Doreen’s Riverstone.
Jack Hoffmann, Victorian general manager for Satterley, said that by the end of the year all four estates will be selling.
He noted that they had been slowly gaining a Melbourne foothold, but that they were looking to be more aggressive and to attain a 10% market share. This would require selling 1,000 lots per year.
At present, however, Property Observer notes that they will need to nearly triple their current efforts of around 360 lot sales per year.
Hoffman’s plan to achieve this is to focus on the much-discussed segment, and at present underrepresented in the overall market, of first home buyers.
"Buyers will be across all levels - second and third home buyers, investors - but it is the first home buyers we believe will make the difference in 2014,” said Hoffmann.
"There has been a lot of publicity about the drop in the number of first home buyers - from an average of 18.5% of all buyers down to 12.5%. We don't believe that is a long term trend and we expect first home buyers to return to normal levels in 2014.”
He noted that 20% of Satterley’s sales come from first home buyers, with affordability still being the biggest driver.
Coburg Hill, where there were a series of townhouses priced at approximately $600,000, saw the first three purchases come from first home buyers. The $79 million 20 hectare former Kodak site was purchased in 2010. The Brownfield estate (pictured below) is on the verge of selling out.
{yoogallery src=[images/stories/2014/03/06/cob]}
Riverstone and Plenty River, two estates in Doreen, were initially a 60-hecatre site and Satterley’s first foray into Melbourne four years ago. Sales at Plenty River, with 450 lots, finalized earlier this year, with Riverstone now on the market from $157,000 for land lots.
"There is a lot of competition at Doreen and there is a difficult balancing act in managing supply and demand with a lot more land been approved for development over the past few years," Hoffmann conceded.
"The low interest rates have helped sales. Employment is stable and population growth is going in the right direction. The first home buyers grant is still there for new homes, so that helps us,” he said.
The two new estates
Point Cook estate: Currently unnamed Located: Hacketts Road Total dwellings: 2,000 expected
This estate is likely to be first to hit the market, with <a href="https://www.propertyobserver.com.au/land/satterley-expands-its-victorian-landbank-with-point-cook-acquisition/2013052761674" target="_blank">Satterley having bought the 125 hectare site for $100 million from the state government</a>.
Andrew Egan, director of selling agency Biggin Scott Land, had advised earlier in 2013 the site was being offered in three parts, each between 39 and 43 hectares.
Satterley’s proposed development will create a new master planned suburb with a projected population of more than 5,000 people on Melbourne’s outskirts.
Tarneit estate: Currently unnamed Located: 990 Sayers Road Total dwellings: 850 lots expected
The site was purchased in 2010, and it was noted that some delays in development approvals have been seen. Wyndham City records show that an application for the residential subdivision was lodged in September 2012.
Across both, there has already been significant builder interest with 26 builders already on board to build display homes in both areas.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
For the latest development listings, brought to you by Property Observer and partners, see our <a href="https://showcase.propertyobserver.com.au/" rel="nofollow">Investor Showcase</a>.
                          
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Satterley Property Group looking to nearly triple land sales with two new estates

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A retail shop in Melbourne's Footscray, home to international fast-food chain Nando's, has been listed for sale. 
The 150 square metre property, known as Shop 1, 250 Barkly Street, is leased to Nando's on a 5+5+5 year lease to 2027, with annual 3% fixed rent increases. 
The annual rent is $65,672. 
The selling agents are Jamie Perlinger and Adam Thomas of Burgess Rawson. 
<a href="mailto:news@propertyobserver.com.au" target="_blank"></a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
                   
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Nando's Barkly Street, Footscray retail shop listed

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Property developers and investors are expected to jockey for position when a five-level office building in South Melbourne goes under the auctioneers hammer later this month. 
The 71 Palmerston Crescent property, located 3 kilometres south from the Melbourne CBD, is scheduled to go under the hammer on 27 March and is tipped to fetch more than $7 million.
The property offers a net lettable area of just over 2,710 square metres, 39 car parks, a communal rooftop entertaining and barbecue area.
Colliers International’s Jeremy Gruzewski and Peter Bremner have been appointed to sell the property.  
“The building is currently configured into 11 office areas plus a retail premise, all but one of which are currently leased,” Bremner said. “The property has a current net passing income of approximately $621,110 per annum however the potential fully let net income is estimated at $721,502 per annum.”
The property also offers the possibility of future redevelopment potential.
Gruzewski said that at a minimum, the site had the potential to develop "up to four lightweight units for either residential or commercial use (STCA)".
He also added that "given recent residential redevelopment in the area and a recent zoning change to Commercial 1, it is possible a redevelopment of a much higher density and height could be carried out, thus providing a solid exit strategy for a prudent property investor.”
<a target="_blank" href="mailto:news@propertyobserver.com.au"></a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Five-level South Melbourne office building set to spark $7 million plus scrap

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Two state of the art kitchens - main and caterers. That's the highlight of the Prahran home of the Melbourne based food stylist, Peta Gray, and her husband Rob, which has been scheduled for March 15 auction.
Gowan Stubbings and Emma Bloom at Kay &amp; Burton are quoting $3.75 million plus.
It has been the couple's home, along with their two children Isabel and James, for the past five years, though they have been there for almost 15 years. 
Peta left her corporate career around a decade ago, re-trained as a chef and began her career as a <a target="_blank" href="https://www.petagray.com.au/index.asp">freelance food stylist</a>. Her collaborations have included working with the likes of Gary Mehigan and Curtis Stone. 
The family originally owned and lived in the house next door, until they decided to build and design their dream home at <a target="_blank" href="https://www.kayburton.com.au/property/15-wynnstay-road-prahran">15 Wynnstay Road</a>.
They commissioned Prahran neighbours from the team of architects at McBride Charles Ryan whose cutting-edge facade sets the tone with its use of geometric patterned zinc metal. There's culptural metal wall dividers by Korben/Flaubert along with custom designed wall paper images by Jacqui Henshaw.   Her bespoke main kitchen has Miele induction cook top, integrated refrigerators, a work station and the adjoining caterers' kitchen comes with a second oven, dishwasher, cook top and loads of storage.
The home comes with pool and lush gardens designed by Rick Eckersley.
news@propertyobserver.com.au
<img width="470" src="/images/stories/marketing/PO_Strap_new.jpg" alt="PO_Strap_new" style="max-width: 480px;"> 
                      
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Food stylist Peta Gray's modern Prahran offering to go to $3.75 million plus auction

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New greenfields development Shannon Waters, set to be the only estate east of Sale to be connected to the NBN, is opening the region’s largest display village.
Celebrating the opening through a New Homes Expo this month, they will launch the largest display village in East Gippsland featuring a number of different house and land options, along with NBN demonstrations.
The developer of Victoria's <a href="https://www.shannonwaters.com.au" target="_blank">Shannon Waters</a>, Stan Collins, said that they would be taking a number of ballot-selected attendees on helicopter rides over the area. A trackless train will take others around the display to the estate’s central parkland to see the views and gorge. Oliver Hume is marketing the sites at 100 Bairnsdale-Dargo Rd.
Stage two of the <a href="/news">Bairnsdale</a> development has been launched, after stage one sold out prior to Christmas. Stage one consisted of 74 blocks, and it was the fastest selling estate in the region. The median sale price for houses in Bairnsdale is $235,000, according to RP Data, with a median weekly achievable rent of $260 - providing an indicative 2.6% yield.
The event will run from 11am to 3pm on March 15.
Shannon Waters recently launched its stage two release following unprecedented demand for allotments from local and regional buyers.
Collins said the 74 blocks in stage one A and B had sold out by Christmas securing it the position of the fastest selling estate in the region. A number of homes are currently under construction and complete, with some already living in the estate. Ten blocks are said to have already sold in stage two.
Prices for land start at $94,900 with a number of sizes available, looking to cater to first home buyers upwards.
Builders for the house and land packages include Simonds, Colmac &amp; Blay Builders, Key Homes, Metricon, Aspired Living and a number of others. There's approximately 20 hectares of open space, including walking trails, with the location being created around a lake and the Mitchell River. The area is close to a number of amenities such as hospitals, schools and shops, and is five kilometres from Bairnsdale CBD.
It is located outside of the flood zone, and includes flat blocks. It appears 230 square metres is the starting block size.
<a href="https://mce_host/jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
For the latest development listings, brought to you by Property Observer and partners, see our <a rel="nofollow" href="https://showcase.propertyobserver.com.au/">Investor Showcase</a>.
                               
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Fastest selling estate in East Gippsland, Shannon Waters, to open largest display village in region

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Governor-General Quentin Bryce has officially opened Victoria’s home of architecture today at 41 Exhibition Street, in a strata-titled commercial tower developed by the Australian Institute of Architects.
The commercial tower, named 41X, is 22-storeys and with a Five Star Green Star rating, is home to the Institute’s Melbourne offices, including the Victorian chapter, over five levels.
Located on the corner of Exhibition Street and Flinders Lane, it is home to 15 other purchasers and tenants, and is the first strata commercial office building with a focus on carbon neutrality.
“41X successfully shows how private and not-for-profit organisations can have a positive impact on the development of our cities by creating world class, cutting-edge, environmentally responsible commercial buildings,” said Bryce.
“This elegant addition to Melbourne’s CBD makes a bold statement about the value of design. With this building, the Institute is strongly reinforcing the value of architects and architecture to the sustainable growth of our community – tangibly fulfilling its mission of ‘making the world a better place through architecture’.”
There is a design “haven” on level one, which houses an architecture and design bookshop – Architext – and an Axil Coffee Roasters café.
The project was initially prompted in 2006 with a feasibility study for the site commissioned. Renovation and relocation were considered before a redevelopment was settled on.
A two-stage design competition was then held in 2008, before the commission was awarded to winners Lyons Architects with their public/commercial concept. In 2012, HASSELL was then selected as the architect for the fit-out of the five levels occupied by the Institute.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Quentin Bryce officially opens Victoria’s new home of architecture: 41 Exhibition Street

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A preliminary auction clearance rate of 73.9% was reached from 1,319 auctions this week in Melbourne. This compares to 65.6% for the same time last year from fewer auctions.  
This represents a substantial lift on the results a year ago and is a very strong result for the Melbourne market as it follows the highest volume of auctions for February on record.
Last month there were 2,623 auctions with a clearance rate of 71.5%. This was higher than the 2,571 recorded in 2010 although the clearance rate in February that year was 79%.  
Vendor discounting for units at private sale tightened significantly from 5.3% last week to -4.9% and eased slightly for houses from -5.6 to -5.7%.
Robert Larocca is Victorian housing market specialist for <a rel="nofollow" href="https://rpdata.com/" target="_blank">RP Data</a>.
               
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Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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