<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

[smartcode_project:default project_id=146358 project_image_fid=323052]

The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

[smartcode_project_cta:default project_id=146358]

Joel Robinson

MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer Big Projects brought in the renowned Sydney-based design studio YSG to craft the interiors for The Frederick, Big Projects' new Mermaid Beach project and YSG's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for Big Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of Big Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

[smartcode_project:default project_id=110588 project_image_fid=5347]

Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Architecture, with landscape design by LDG.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its design flair/ appeal,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. Big Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Big Projects taps Sydney’s YSG for first multi-residential project at The Frederick Mermaid Beach

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

[smartcode_project_cta:default project_id=150128]

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

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A suburban medical centre in Geelong's Belmont has attracted buyer interest from more than 25 parties with just over a week to go before expressions interest close. 
The property is leased to Eastbrooke Medical Centres Pty Ltd, William Pardey Pty Ltd, Sonic Innovations Pty Ltd, Corio Bay Physiotherapy and Diabetes Australia – Victoria on multiple leases with options through to 2039. The centre has a net income of about $518,282.
Colliers International’s Andrew Lewis and Jonathon Lumsden have been appointed to sell the 75 -77 Roslyn Road property.
It has a total net lettable area of 1,146 square metres, comprising of 762 square metres on the ground floor and 384 square metres on the first floor.
“This is a medical freehold opportunity of 1,932 square metres of Business 1 zoned land,” said Mr Lumsden. “It is a recently completed, purpose-built medical centre, with strong lease covenants to several respected medical businesses.”
Expression of interest closes on November 28.
“With its central location, dual street frontage, on-site car parking and potential for future expansion (STCA), this property is attracting keen interest from savvy investors,” added Mr Lumsden.  
 
<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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Over 25 parties show interest in Belmont, Geelong medical centre

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Melbourne's prominent Spaghetti Tree building in the heart of the CBD has been listed for sale for the first time in 42 years, with price expectations of more than $7.5 million.
The iconic corner building, located, at 59-63 Bourke Street, is home to the popular Spaghetti Tree restaurant and is scheduled to go under the auctioneers hammer on December 18.
<img src="/images/stories/2013/11/20/melbourne-nov-20-20.jpg" width="470" height="340" alt="melbourne-nov-20-20">
Photo courtesy of Google.
The four storey brick and concrete building has three existing tenancies all held under continuing leases, generating an estimated annual net income of $310,000.
The principal tenancy over the ground and first floor spaces is to Spaghetti Tree which has been in occupancy for some 25 years.
The current lease commenced in November 2011 for four years and includes one further four year option, at a current net rental of $229,000. The restaurant tenancy is also responsible for a portion of the building outgoings. Included in the lease terms are CPI annual increases with a market review on exercise of the option.
The second level is leased to the Asian themed Asuka Karaoke Bar, which has an annual rent of $64,502.
The third floor tenant is iconic Melbourne rooftop bar Madame Brussels. 
The tenancy is under a five year lease that commenced from June 21, 2011 with one further option of five years. The lease has 4% annual rental increases and a market review at the expiry of three years.
The upper level of the third floor plus the adjacent rooftop terrace is home to the Madame Brussels bar, nightclub and entertainment venue.
The occupancy is under a six year lease that commenced from December 1, 2011 with one further option for another six years.
Selling agents Kliger Wood Real Estate, in conjunction with Gross Waddell have been instructed to sell the property on behalf of the vendor, a private family.
The agents highlighted that the location was a key restaurant and theatre precinct and as a freehold site there was potential to subdivide into strata units (STCA).
“The corner location adds future redevelopment potential again subject to relevant permits," they said.  
<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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Melbourne's iconic Spaghetti Tree CBD building listed for first sale in 42 years

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A big weekend ahead for Melbourne's Flinders Street open homes is coming up and it's worth grabbing your calendar out to flag them.With ten different properties to visit, make sure you have you have your day well planned.
From a $1,295,000 apartment in one of the more tightly-held ends of Flinders Street to a $153,000 studio, it's a wide-ranging street that typifies some of Melbourne's range of apartments.
<img alt="map-nov-20-one" height="265" width="470" src="/images/stories/2013/11/20/map-nov-20-one.jpg">
On 23rd November, the following are all open for your prying eyes to inspect. We've flagged them from one end of the street to the other and included the times. Let us know if you visit!
For some preparation tips, don't forget to <a target="_blank" href="https://www.propertyobserver.com.au/residential/nine-areas-to-check-at-open-for-inspections-karin-derkley/2012031553709">check off these nine areas when you're at the open home</a>. If, however, you're on the selling end - here are some <a target="_blank" href="https://www.propertyobserver.com.au/residential/ten-tips-to-prepare-your-home-for-an-open-for-inspection/2012041154147">tips on preparing your home for the open</a>.
 
<a target="_blank" href="https://www.hollyprestigeproperty.com.au/properties/residential/Apartment-Vic-Melbourne-115082743">24/60 Flinders Street </a>
$1,295,000 10.45AM - 11.15AM The top of the list is in the Herald Living building, which the advertisement screams is a 'Sex And The City' style apartment, with thirteen banks of wardrobe space. The two bedroom, two bathroom property (pictured below) has a $1,295,000 price tag.
Boasting a 1920s facade, high ceilings, open plan living, a large internal laundry, two car spaces, video intercom access and Tasmanian Oak floors, it'll be one of the more stylish weekend visits. It overlooks Federation Square. 
{yoogallery src=[images/stories/2013/11/20/melb]}
 
<a target="_blank" href="https://greghockingrealestate.com.au/real-estate/property/679543/for-sale/apartment/vic/melbourne-3000/14-140-flinders-street/">14/140 Flinders Street</a>
$415,000 1.45PM - 2.15PM
This two-bedroom, one-bathroom apartment(pictured below) has a separate home office, built-in wardrobes and a secure entrance.
It has stone benchtops and stainless steel appliances in the kitchen.
<img src="/images/stories/2013/11/20/melbourne_nov_20_two.jpg" width="470" height="353" alt="melbourne_nov_20_two">
 
<a target="_blank" href="https://www.realestate.com.au/property-apartment-vic-melbourne-115166031">1009/238 Flinders Street</a>
$249,950 12.00 - 12.30PM This one-bedroom one-bathroom apartment (pictured below)  is currently leased, however will be vacant "shortly". It overlooks Flinders Street Station, Federation Square, Government House and the Dandenong Ranges. It's 42 square metres, practical, and estimates outgoings at $4,500 per annum, with a rental estimate of $20,540 per annum - or 8.3% yield.
<img src="/images/stories/2013/11/20/melbourne_nov_20_three.jpg" width="470" height="353" alt="melbourne_nov_20_three"> <a target="_blank" href="https://www.hockingstuart.com.au/UNIT_1906_532-536_FLINDERS_STREET_MELBOURNE_VIC_3000">1906/532-536 Flinders Street </a>
$430,000 1.00PM - 1.30PM In the 'Aura' development, this two-bedroom apartment (pictured below) has views of the Yarra. The apartment has a security entrance, entrace foyer, low maintenance kitchen with stainless steel appliances, a large balcony and laundy facilities.
<img src="/images/stories/2013/11/20/melbourne_nov_20_four.jpg" width="470" height="353" alt="melbourne_nov_20_four"> <a href="https://www.ereal.com.au/index.php/residential-for-sale/1003-residential-for-sale-2021-3303" target="_blank">534 Flinders Street</a>
Price on application 10.30AM - 11.30AM On the 25th floor of 534, this is a brand new two-bedroom apartment. The living area is double-glazed from floor to ceiling and both bedrooms have built-in wardrobes.
The kitchen area has stainless steel appliances, and there's internal storage. The balcony is east-facing, with sunlight and views of the Yarra River and Crown Casino.  
 
<a target="_blank" href="https://www.ereal.com.au/index.php/residential-for-sale/863-residential-for-sale-2021-3154">546 Flinders Street</a>
$153,000 1.30PM-2.00PM This studio apartment (pictured below) with security entrance and communal laundry facility is currently leased for $240 per week, however doesn't have a 'student only' restriction. It has one bathroom with a shower.
<img alt="melbourne-nov-20-10" height="353" width="470" src="/images/stories/2013/11/20/melbourne-nov-20-10.jpg">
 
<a target="_blank" href="https://cityresidential.harcourts.com.au/Property/532572/VCE4459/1301-555-Flinders-Street">1301/555 Flinders Street</a>
$365,000 - $385,000 2.00PM - 2.30PM Currently vacant, the rental estimate is $420 to $440 per week. In the North Bank complex, on the 13th floor, it has floor to ceiling windows. The one-bedroom, one-bathroom, one-car space property (pictured below) has a modern bathroom, kitchen area and built in wadrobe.
<img alt="melbourne_nov_20_six" height="353" width="470" src="/images/stories/2013/11/20/melbourne_nov_20_six.jpg"> <a target="_blank" href="https://www.hollyprestigeproperty.com.au/properties/residential/Apartment-Vic-Melbourne-115014591">1125/555 Flinders Street</a>
$650,000 12.00PM - 12.30PM
With views of Soutbank, this two-bedroom, two-bathroom apartment has double glazed windows around the living area, a study, a separate chefs kitchen and a large dining area.
With some more stylistic elements, such as Shoji screens, a wall of mirrored wardrobe space and fully tiled bathroom, there are also more functional elements such as two storage cages, video intercom and an on site building manager.
The current owner renovated this property (pictured below).
<img alt="melbourne_nov_20_seven" height="353" width="470" src="/images/stories/2013/11/20/melbourne_nov_20_seven.jpg">
 
<a target="_blank" href="https://www.ljhooker.com.au/E4HC2/2-bedroom-apartment-for-sale-melbourne">105/565 Flinders Street</a>
$430,000 - $450,000 2.00PM - 2.30PM This two-bedroom, one-bathroom north facing apartment is within the North-Bank complex. With open plan living, with floor to ceiling windows, a balcony, mirrored built in wardrobes and stainless steel appliances in the kitchen, it's currently leased at $480 per week.
<img alt="melbourne-nov-20-eight" height="330" width="470" src="/images/stories/2013/11/20/melbourne-nov-20-eight.jpg">
 
<a target="_blank" href="https://propertyx.com.au/property/outstanding-value/">407/565 Flinders Street</a>
Auction (over $400,000 - advertised for offers over $460,000) 12.00PM - 12.30PM Around 75 square metres, this is a two-bedroom, two-bathroom offering (pictured below). It has a 'European style kitchen' is 'hardly used' and has one car park space that is underground.
<img alt="melbourne-nov-20-nine" height="353" width="470" src="/images/stories/2013/11/20/melbourne-nov-20-nine.jpg">
 
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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One street, one day, 10 open homes: Flinders Street, Melbourne

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A preliminary clearance rate of 70.3% was reached from 1,119 auction results so far this week in Melbourne.
This was the third largest auction weekend this year and the seventh with over 1,000 auctions scheduled this year for the city.
As the Melbourne market heads to the end of the year it appears that buyers won’t be confronted by price rises of any significance.
After a year of ongoing moderate growth, demand seems to have found a new level. Results over the last fortnight and a recent reduction in Melbourne home values of 0.5% over the last month according to the RP Data-Rismark Daily Home Value Index suggests a pause in the current growth cycle.
Time on market for houses sold by private sale remain healthy at 34 days up only slightly from last weeks 33 days.
 
<hr>
 Robert Larocca is Victorian housing market specialist for <a target="_blank" href="https://rpdata.com/" rel="nofollow">RP Data</a>.
 
 
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Buyers won't see price rise by end of the year: RP Data's Melbourne weekend auction analysis

<html><body>Australian Property Monitors (APM) has released a list of results from 764 auctions in Melbourne for the weekend of  November 16. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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APM's Melbourne auction results for November 16 weekend

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The Victorian government has allocated $250,000 to assist the City of Wodonga’s plan for the Leneva-Baranduda growth corridor.
Wodonga hopes to build houses for an additional 35,000 people, with 14,000 new homes. It also hopes to create 6000 jobs in the area.
The extra funding pay for the structure planning of the  Leneva growth area and the implementation of a new urban growth  zone for the area.
“The Leneva growth corridor will support economic growth and development  in the region and greatly assist in supporting the commercial development  of Wodonga’s CBD, where there is already a major urban renewal project  underway,” Minister for Planning Matthew Guy said.
The growth area will eventually link the urban areas of Wodonga to Baranduda.
Member for Benambra Bill Tilley said development of the Leneva growth corridor is vital to maintaining a strong local construction and development sector and local job growth.
“As the local member of parliament, I am proud to see that this government  is doing all it can to continue strong growth and demand in our local  construction and development sectors which is central to maintaining a  strong and competitive local economy.”
 
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Victorian government injects $250,000 into Wodonga growth area planning

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RP Data is expecting 1,178 auctions in Melbourne this week and 1,328 across Victoria. 
   This is the seventh week this year with in excess of 1,000 auctions. Bentleigh East has the most with 19 followed by 18 in Brighton and Reservoir.   Last week may have seen a small reduction in the clearance rate but at this stage it does not indicate a substantial change in market conditions.    There is certainly no reduction in demand in the private sale market with time on market for houses dropping again, this week from 34 to 33 days. There was also a commensurate reduction in vendor discounting to -5.8% suggesting buyers are spending more in this competitive market.   This data reflects the overall situation which is seeing new residential listings increase compared to a year ago whilst the overall number of home for sale has reduced.   Key data   •       Clearance rate week ending November 10: 68.1% •       Melbourne auctions expected week ending November 17: 1,178 •       Melbourne private sales time on market week ending November 10: 33 days (houses) •       Melbourne vendor discounting market week ending November 10: -5.8% (houses) •       Listings being prepared for market are 5.1% higher in month ending November 10.
 
<hr>
 Robert Larocca is Victorian housing market specialist for <a rel="nofollow" href="https://rpdata.com/" target="_blank">RP Data</a>.
 
 
 
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RP Data's Melbourne November 16 weekend auction preview

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Mintaro, the neglected 1882 Monegeetta, Sunbury district mansion, will not be going to auction this weekend because it has been sold after its $2.85 million reserve price was published in its marketing material.
The sale price hasn't been revealed, but the $2.85 million plus purchasers are a Melbourne couple who intend to restore the room mansion and the grounds to their previous glorious splendour. 
"No doubt there will be several hundred people disappointed that they will not be able to view it!" the selling agent John Keating of Keatings Real Estate told me.
Mintaro had been relisted for November 16 auction after last November's $3 million sale failed to proceed to settlement.
For many years now rather than keeping the asking price a secret to be revealed during the actual auction, or offer an estimated price range, Keating's agency typically declares the reserve in its advertising material.
He says problems associated with under-quoting and over-quoting disappear if the vendor's reserve price gets published at the outset.
"Buyers love the transparency," he says.
A declared reserve set at a realistic amount acts like a buyer-enquiry magnet, he maintains. 
Disclosing auction reserves is not common practice, and it is debatable as if buyer interest becomes strong, the published reserve can become antiquated. 
Critics also say most vendors did not know their reserve at the start of an auction campaign, 
Agents have been divided on the merits of telling all before an auction, but buyer advocate Christopher Koren, from Morrell &amp; Koren, has previously indicated he supported the method.
"Just by publishing the reserve it doesn't mean people stop there. If they like the look of it, they will bid it's common sense," Christopher Koren told Fairfax Media. 
But Mal James, from James Buyers Advocates, has expressed previous worries that it denies the seller the flexibility to change their mind.
<a target="_blank" href="mailto:jchancellor@propertyobserver.com.au">jchancellor(AT)propertyobserver(DOT)com.au</a>
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Disclosed pre-auction reserve triggers historic Mintaro to be snapped up for $2.85 million plus

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Melbourne currently has 39 suburbs with a median value in excess of one million dollars with the list predictably topped by <a target="_blank" href="/news">Toorak</a>.
The list of the city’s most expensive suburbs is very stable due to their sought after location and high quality housing.
Using the median value measure Toorak is almost twice as expensive as the second on the list, <a target="_blank" href="/news">East Melbourne</a>. The median value of a house in Toorak is $3.5 million compared to $1.88 million in East Melbourne and $1.82 million in <a target="_blank" href="/news">Brighton</a>.
The top ten is rounded out by <a target="_blank" href="/news">Canterbury</a>, <a target="_blank" href="/news">Deepdene</a>, <a target="_blank" href="/news">Middle Park</a>, Hawthorn East, <a target="_blank" href="/news">Kew</a>, Balwyn and <a target="_blank" href="/news">Malvern</a>.
When viewed from the perspective of the overall value of all house sales in the past year Brighton tops the list with $604 million worth of homes sold compared to $473 million in Kew and $410 million in Toorak. Deepdene is a very small suburb and has only seen $25.5 million worth of houses sold in the past year.
With the exception of Canterbury and Malvern sales data over the past 12 months shows that either less expensive homes have been offered for sale or the prices being paid are generally below the underlying values.
There are six suburbs whose values are nearing a million and if the market continues to appreciate will reach that level soon. <a target="_blank" href="/news">Ashburton</a>, <a target="_blank" href="/news">Ormond</a>, <a target="_blank" href="/news">St Kilda East</a>, <a target="_blank" href="/news">McKinnon</a>, <a target="_blank" href="/news">Prahran </a>and <a target="_blank" href="/news">Park Orchards</a> have values between a million and $950,000.

<hr>
Robert Larocca is Victorian housing market specialist for <a rel="nofollow" href="https://rpdata.com/" target="_blank">RP Data</a>.
 
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Melbourne's most expensive suburbs

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A tenant of a rental property in Melbourne's Frankston South has successfully sued his landlord for a $300,000 compensation payment after the balustrade of a balcony collapsed, causing injury.

Three people fell five metres to the ground in November 2007, with two dying since the fall - one from complications associated with injuries, the other due to unrelated causes.
The court-approved settlement occurred two days into the County Court Trial.
Landlord D T Wade and Associates was sued by the tenant, who was assisted by lawyer Trang Tran, a senior associate for Maurice Blackburn.
The balcony had not been properly maintained nor routinely inspected, and repair work prior to the client's tenancy was inadequate, said Tran.
"Our client sustained severe injuries to his arm and shoulder that have resulted in multiple hospitalisations and surgery, including a total shoulder replacement. He remains in constant pain and discomfort. This case highlights the need to ensure premises are properly and adequately inspected and kept in good repair to avoid serious injuries and even death to tenants and visitors," she said.
Rotted timber must be replaced, and structures should always be kept in a sound manner - particularly balconies and balustrades - with regular inspections and maintenance as needed.
The landlord, alleged the lawyer, had been told by previous tenants that the timber of the balcony was rotted, causing Tran to claim they had failed in their duty of care.
“This is a wake-up call for land owners, real estate agents and property managers. They should respond quickly and adequately when tenants say there are structural or other problems relating to rental properties,” she said.
In 2011, three teenagers were injured in a balcony collapse also in Frankston South.
The Victorian Building Commission has <a target="_blank" href="/news">this pamphlet available online</a>, which can also be found on the <a target="_blank" href="https://www.frankston.vic.gov.au/Search_Results?keyword=balcony">Frankston City Council website</a>.
"Any balcony has the potential, if not appropriately maintained, to fail at some stage. The legal and financial implications for home owners are enormous," it states.
Research conducted by the Building Commission in 2009 found that 45% of Victorian households have a deck or balcony, of which a third (27% decks, 33% balconies) were built between 1960 and 1990 when a widespread use of inappropriate timber, lack of building approval, inadequate design and poor workmanship were evident.
"Research also tells us that 39 per cent of respondents were not aware that decks and balconies require checks. In the last few years balcony collapses in several states and territories have resulted in a number of injuries and deaths," the pamphlet notes, pointing to a yearly visual inspection as a way that should identify any problems.
It notes that inspections should look for the following risk factors:
• Pooling of water on the balcony surface
• Handrails fixed through the balcony’s top surface
• Tops of solid balustrades and fixings at wall junctions
• Cladding finishing hard against the balcony
• No threshold between the building and the balcony
This may not just be contained to Melbourne, and Victoria, either. Just Think Real Estate's Edwin Almeida recently told Property Observer of his fears that a number of rental properties around Sydney are in less than habitable states, citing mould and electrical problems as two other potential problems that could see tenants getting sick, and a number of investors being sued in the future.
He asked,<a target="_blank" href="/news"> "Is your tenant living in squalor?"</a> in this latest article.
jduke@propertyobserver.com.au
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