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>.

Joel Robinson

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

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

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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With Leighton Properties acquiring prominent Hall Street site for $23 million, Melbourne's Moonee Ponds has been earmarked for a major residential redevelopment.
The site has five titles and six feet frontages, and is 1.339 hectares.
The boundaries of the site are 40 Hall Street, 34-36 Margaret Street and 56-62 Aspen Street.
The sale was conducted by CBRE's Scott Orchard, Justin Clarkson and Ari Petrovs, with Colliers' Peter Bremner and Jeremy Gruzewski, on behalf of vendor Reading Entertainment.
There are plans for a residential, and retail, development of up to 16 levels in height.
"This landmark development will help transform the suburb of Moonee Ponds into a thriving community just 6.5 kilometres from the CBD," Clarkson said.
Currently the site is used as a car park.
The site, which was the former home of the Moonee Ponds market, is currently used for car parking purposes.
"Very rarely does a site of this size present itself with such extensive possibilities to deliver a landmark mixed use project of exceptional scale and town-centre prominence," Orchard said.
"The surrounding public transport and retail amenities, which include Moonee Ponds train station, a major bus interchange and tram line, Puckle Street retail strip and Moonee Ponds Central Shopping Centre, will ensure the success of a high density, mixed-use development on this site."
The site was identified as suitable and preferred location for high density and highrise development within the Moonee Ponds Activity Centre Structure Plan.
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Car park to be turned into 16 storey site at Moonee Ponds

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RP Data is expecting 1,563 auctions in Melbourne this week and 1,734 across Victoria. There are 1,454 expected in Melbourne on Saturday itself. The most will be found in Brighton with 37.
This is the most significant weekend for the auction market in Melbourne’s history with a record number of homes being offered for sale under the hammer.
The very high level of listings is a sign of confidence from vendors, many of whom decided around six to eight weeks ago to list for sale. They would have been influenced by the improved market and reported price rises. A clearance rate for the weekend of 70% or more would be considered a good outcome.
Latest housing finance data from the ABS showed that the number of first home buyers in Victoria is 9% below the average over the past two years.
Key market facts
<ul>
<li>Clearance rate week ending 20 October: 68.6%</li>
<li>Melbourne auctions expected week ending 27 October: 1,563</li>
<li>Melbourne private sales time on market week ending 20 October: 38 days (houses)</li>
<li>Melbourne vendor discounting market week ending 20 October: -6.4% (houses)</li>
<li>Listings being prepared for market are 6% higher in month ending 20 October</li>
</ul>

<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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Most significant weekend for auction market in Melbourne's history: RP Data's Melbourne October 26 weekend auction preview

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Eye-catching town houses on the site of the former Red Bluff hotel in Sandringham last night won the Bayside Built Environment Awards ‘Best of the Best 2013’.
Mayor Stephen Hartney hosted the eighth annual awards function attended by about 80 people at the Brighton Town Hall. He said the award acknowledges ‘’the most outstanding contribution to the Bayside built environment’’. The property also took out the award for best medium density housing.
Designer Angelo Pignalosa, of architects ROTHELOWMAN, collected his trophy saying he was ‘’proud to have my name associated with the building’’ at 170 Beach Road.
<img src="/images/stories/2013/10/24/bayside-oct-24-one.jpg" width="470" height="380" alt="bayside-oct-24-one">
Photo: Angelo Pignalosa before his award winning design. 
‘’There are lots of challenges for the architect – the main one being you want the building to come out as planned - and this one did,’’ he said.
The townhouses – 11 at the front with bay views and 24 behind – have three storeys of living, three bedrooms, rooftop terraces and basement car parks. Their facades vary in shape creating a wave-like appearance complementing the coastal location.
Judges Kim Dovey, Peter Boyle, Robert Caulfield, Heather Stewart, James Long and Matt Kelleher congratulated the team behind the project on its quality, design and streetscape presence. The judges said they were impressed by the way the medium-density project brought a “new form of living to one of Melbourne’s premier boulevards”.
Impressive as they are, the townhouses were almost upstaged by a striking – and non-conforming -timber house at 5 Retreat Road, Hampton.
{yoogallery src=[images/stories/2013/10/24/hampton]}
Photos courtesy of Grand Design Australia
The walls and roof are spotted gum, there’s paving all around and a pool in the backyard. Designed by Tim Jackson, of Jackson Clements Burrows Architects, it won Best New Residential Building and Most Creative Design.
<img src="/images/stories/2013/10/24/bayside-oct-24-two-2.jpg" width="470" height="384" alt="bayside-oct-24-two-2">
Photo: Tim Jackson with his awards
So appealing is this house in its quiet, suburban street, that it was featured in an episode of Grand Designs Australia (Foxtel's Lifestyle channel). Coincidentally, the presenter of the popular show, Peter Maddison, hosted the awards night.
The Brighton resident – also an award-winning architect - said the awards were ‘’a fabulous initiative that are good for the suburb and great for Melbourne’’. He said he loved ‘’the energy’’ of Bayside ‘’which inspires architects to do great works here’’.
<img src="/images/stories/2013/10/24/bayside-oct-24-three.jpg" width="470" height="360" alt="bayside-oct-24-three">
Photo: Brett Parsons, owner of 5 Retreat Road (left), with Peter Maddison. 
 Cr Hartney said this year’s entries were all of a high standard. “The awards intend to raise community awareness of design, landscape and heritage issues and publicly acknowledge architects and designers who have positively contributed to the city’s built environment, and this year was no different.
“170 Beach Road was the stand out for judges, but I congratulate all entrants this year on submitting their work – without it we wouldn’t be able to host this prestigious event.”
Other winners on the night were:
Best residential renovation or extension 148 New Street, Brighton, designed by Jenny Rizzo of Inarc Architects.
Best heritage renovation or restoration 73 Champion Street, Brighton, designed by Sherbrooke Design and Construction.
Best Ecologically Sustainable Design 24 Glencairn Avenue, Brighton East, designed by Ben Callery of Zen Architects.
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Bayside Built Environment Awards swept away with wave inspired town houses design

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Melbourne’s suburban beaches are not among the city’s headline acts. Compared with Sydney’s grand, glamorous ocean beaches, such as Bondi or Coogee, the slivers of sand that hug the northern edge of becalmed Port Phillip Bay are genteel affairs.
That’s okay, we Melbournians are cool with that. However, if you want to select a salty suburb to promenade upon within a stone’s throw of the CBD, there is always Elwood, St Kilda, Albert Park or South Melbourne.
<img alt="port-melbourne-oct-28-one" height="331" width="470" src="/images/stories/2013/10/28/port-melbourne-oct-28-one.jpg">
Source: Google Maps
Closer still is Port Melbourne. Its palm tree-lined beach is just three kilometres from Southern Cross Station. Once you’ve had your fill of the beach there’s a great selection of chilled-out bars and restaurants along Beach Street to pull up a pew and watch the flotilla of ships on the bay including, twice a day, the Spirit of Tasmania ferry to-ing and fro-ing from the Apple Isle, the periodic cruise liner, as well as the several container ships sitting on the horizon or seemingly rounding on the West Gate Bridge. And then there’s that spectacular, romantic sunset.
<img src="/images/stories/2013/10/25/spirit-oct-25-one.jpg" width="470" height="320" alt="spirit-oct-25-one">
Port Melbourne is, of course, still a working port. Indeed, three-quarters of the suburb’s 10 square kilometres is devoted to the business of shipping or import-export related industries. Its small residential precinct is cornered in the south-east of the suburb, bordered by Pickles Street in the east, Boundary Street to the north, Williamstown Road to the north-west and the bay to the south.
Despite the scale of the commercial and industrial maritime aspects of Port Melbourne, they don’t impinge markedly on the quality of residential life in Port Melbourne. There are some truck movements on Beach Street, Bay Street and Williamstown Road, but most of it is efficiently siphoned away by the West Gate Freeway. Indeed, the suburb is far less disrupted by truck traffic than the likes of Yarraville and Newport on the opposing bank of the Yarra and, being an end-of-the-line kind of place, it isn’t that jammed up with cars either.
{yoogallery src=[images/stories/2013/10/25/port1]}
Photos courtesy of <a href="https://www.flickr.com/photos/7630441@N02/" target="_blank">Gappa/Flickr</a>.
Beyond its sea frontage, one of the main attractions of Port Melbourne is the ease of commuting to the CBD. The light railway whips commuters from the beach to Southern Cross Station in ten minutes, whilst many residents choose to walk or cycle to work.
Bay Street is a fully-featured, bustling shopping strip and, for a more old-fashioned way of filling the pantry, the lovely South Melbourne market is a five minute drive north.
Unusually for an inner suburb, Port Melbourne has some very distinctive residential localities. Garden City, a 1920s Beaux Arts estate, occupies a long narrow strip of land south of Williamstown Road between Todd Road and Graham Street. Beacon Cove, a more recent incarnation of a Beaux Arts estate, sits to the south east of Garden City. Finally, there is a cluster of high rise apartments along The Boulevard and Beach Street.
{yoogallery src=[images/stories/2013/10/25/port3]}
Photos courtesy of <a href="https://www.flickr.com/photos/52846207@N04/" target="_blank">Matt/Flickr</a>.
Unsurprisingly, all this property is in great demand. Larger houses on good-size blocks in Garden City can command $1.5 million plus. The penthouses in some of the most well-positioned high rise apartments overlooking the bay do even better. And Beacon Cove, a more architecturally balanced affair than many other contemporary estates, is very popular. So it is no surprise that Port Melbourne is a highly sought after spot for home owners.
However, Port Melbourne doesn’t have many great examples of a landscape more traditionally associated with classic investment principles – the consistent row of classic Victorian and Edwardian cottages on a quiet street. There are a pockets of these in the northeast corner, above Graham Street. But you’ll pass through a number of streets dominated by townhouse and warehouse conversions to get to them.
Consequently, despite its great appeal for homeowners, many Inner Bayside investors choose to head for Albert Park, Middle Park or St Kilda – places that deliver a similar amenity but with a more plentiful selection of classic investment architecture.
 
<hr>
Monique Sasson Wakelin is a director of <a rel="nofollow" href="https://wakelin.com.au/" target="_blank">Wakelin Property Advisory</a>, an independent firm specialising in acquiring residential property for investors.
You can contact Monique on <a rel="nofollow" href="https://twitter.com/WakelinProperty" target="_blank">Twitter</a>.
 
 
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Get to know Port Melbourne like the back of your hand, with Monique Sasson Wakelin

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A city fringe office building in Melbourne's seaside suburb of St Kilda has been slated with price expectations of more than $11 million.
The 180 St Kilda Road building is spread over three levels and is being offered for sale with pending vacant possession.
Co-selling agent Peter Bremner of Colliers International said there was a current lease in place to Austereo, with a sub-lease in place to current occupant Village Roadshow, until 30 June 2014 and no further options, "meaning a business could plan for their future in the medium to long term while receiving just over $1 million per annum in rental income in the short term".
The join agent is Jeremy Gruzewski also of Colliers.
The property sits on a 1,258 square metres freehold parcel of land and the building is described as "modern" and "refurbished". It comprises 2,951 square metres of office space, plus a 285 square metre rooftop deck and 61 car bays.
“Opportunities to purchase a building of this size with pending vacant possession in one of Melbourne’s most tightly held office markets are genuinely rare, especially for standalone buildings with such high exposure and presence," said Mr Bremner.
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Three storey St Kilda office slated for expected $11 million plus sale

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A 5,150 square metre warehouse and office investment property in Melbourne's Footscray West has sold for $1.35 million.
The sale to a private investor represented a yield of 11.5% on a WALE (weighted average lease to expiry) of two years.
The 1 Paramount Road property includes a warehouse and office covering 3,050 square metres and has been leased to the same tenant since 1997, which intends to remain on the property for at least another two years.
DTZ selling agent Rob Mirabello said "This is an excellent sales result given the yield achieved and the remaining lease term".
Mirabello also pointed out that there scope is for planning upside, “with the property located in an area that may be rezoned for residential development in future years.”
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Footscray West warehouse and office sells for $1.35 million

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A rare piece of retail strip on Melbourne's prominent Collins Street is returning to the market.
The retail pocket, at 150 Collins Street, sits within a much larger development due to be completed in August 2014 and will be home to Westpac's new head office.
Gorcon and APN Property Group are developing the project, estimated to have an end value of $180 million.
<img src="/images/stories/2013/10/23/melbourne_oct_23_one.jpg" width="470" height="353" alt="melbourne_oct_23_one">
Artists impression of the 150 Collins Street development
As part of the development, about 650 square metres of retail space, fronting Little Collins Street, will be offered for lease to retailers.
A new state-of-the-art Westpac branch, located on the corner of Russell and Little Collins Street, will anchor the retail offering. The branch will be taking about 330 square metres of the total retail component - roughly 1000 square metres.
A further seven retail tenancies are being offered for lease by Michael Rainey from Fitzroys. The largest tenancy offering has direct access to the main office foyer at Ground Level, and has the ability to be expanded into a mezzanine tenancy. All other tenancies front Little Collins Street, with a number of them with heritage listed art deco frontages. Areas range from 29 square metres to 143 square metres.
Retail rents are $1,000 per square metre to $2,750 square metres plus for the small shops.
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Rare Collins Street retail strip offered for lease

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Supermarket giant Coles Group has agreed to remain at its Melbourne headquarters on Toorak Road until 2030, in a major coup for owner, Investa Office Fund.
Coles fully occupies the 42,000 square metre office complex - known as ‘Battlestar Galactica’ for its spaceship like appearance - and has renewed their lease from the current lease expiry in November 2016 to January 2030. The lease renewal, at 800 Toorak Road, takes the weighted average lease expiry from three years to 17 years.
As part of the lease renewal, Investa (IOF) said in an announcement, the building services would be upgraded and amenities refurbished. A plot of land adjoining the office complex would also be acquired and a 1,200 bay multi deck car park constructed for Coles, subject to planning consent, it added.
<img alt="coles-oct-23-one" height="191" width="470" src="/images/stories/2013/10/23/coles-oct-23-one.jpg">
IOF's share of cost for the office refurbishment and car park is anticipated to be $28 million, and upon completion of the works, the building will generate a yield on cost of 8.2%.
"Working collaboratively with Coles to allow them to refresh their premises and meet their long-term accommodation requirements has resulted in the fund being able to forward solve a key financial year 2017 income risk, and underpins the future value of this asset with a long weighted average lease expiry", said IOF manager Toby Phelps
The Coles lease represents the largest tenant by area in the Fund’s portfolio.
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Coles Group renews 'Battlestar Galactica' Melbourne headquarters lease

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The Victorian regional city of Bendigo is on the move with plans approved - and others in the pipeline - for a swag of apartments and commercial premises set to transform the goldfield’s town.
The Bendigo Weekly reports that the latest in a line of multi-million dollar apartment proposals -  many  in converted factories and warehouses – will ‘’take Bendigo CBD living to the next level’’.
One is said to be the largest apartment and commercial project ever built in the city.
The latest is a plan for a $7 million, 26 dwelling refurbishment of the former Via Furniture site on the corner of Mundy and Havlin streets.
<img src="/images/stories/2013/10/23/BENDIGO_OCT_23_ONE.gif" width="360" height="213" alt="BENDIGO_OCT_23_ONE">
Artists impression of how the former Via Furniture site will look.
It follows approved plans for:
<ul>
<li>
A $2.5 million 15 apartment conversion of the former Webb and Co mill building on the corner of Williamson and Queen streets;
</li>
</ul>
<ul>
<li>
A four-storey $12 million residential and commercial development at 23 Wills Street, opposite Target;
</li>
</ul>
<ul>
<li>
A $3 million building on the corner of Mitchell and Mollison streets with retail, office space and four apartments.
</li>
</ul>
While approved by the Bendigo Council, none of the apartment projects has yet been started.
The greater emphasis on apartment living relates to Bendigo’s expected population growth – tipped to rise more than 36,000 over the next 20 years on the present figure of 109,199. This is a change of 33.3%. (forecast.id).
In the past 20 years, housing growth – not apartments - has been most heavily concentrated in the suburbs of Kangaroo Flat, Strathfieldsaye, Strathdale, Flora Hill and Golden Square.
Now, local concern is that residential buildings should go up, rather than out, to contain urban sprawl, combined with a desire to protect Bendigo’s historic buildings.  
The Bendigo Weekly said the latest proposal – the former Via Furniture site - would have a mixture of four-bedroom detached homes, double-storey terraces and three-storey warehouse style studio apartments.
The medium-density site would have a 20-seat cafe open 7am-7pm seven days a week. The development will back onto Ewing Park and a Bendigo recreational facility.
Owner and builder Russell Parsons, who lodged the application with Greater Bendigo council late last month, is reported in the Weekly as saying the attraction is the site’s proximity to the CBD and restaurant area.
“Central West Bendigo is emerging as an area within the CBD where people are seeking to live and recreate, taking advantage of its natural location and built-form characteristics.
The plan fits in with council’s inner city residential development push, and is in an existing residential area.
“This plan will clearly complement the evolving changes required by our population by providing housing diversity and opportunity, decreased dependence on the car, a new public space and improvements to the public domain.
“People have been looking for developments like these around the CBD for years.”
Other approved apartment projects include the $2.5 million, 15 apartment conversion of the former William Webb building on the corner of Williamson and Queen streets. Webb built the four-storey mill and granary in 1878. At one stage it produced 2500 sacks per week. Webb died in 1909 and production stopped in 1923.
The building was then refitted for the So Easy sewing machine company, with the first machine christened by Acting Prime Minister Earle Page on October 10, 1923.
The new commercial and residential complex will retain as much of the historic building as possible, according to the Weekly.
The facade will not be significantly altered, except for the new shop front and entry point on the ground level, and internal historic features will be highlighted.
Greater Bendigo heritage advisor Mandy Jean reported said the plan would ensure the restoration and rehabilitation of the old mill building and offer city views.
"The objective is to maintain the building's overall historical significance and fabric in their setting, while adapting the structures to incorporate new uses, including apartments.
"This will include reinstating all the windows, retaining the upper vaulted ceiling, exposing stone and brick walls, uncovering covered structural timber columns and beams and removing false partitions and ceilings.
"There will be the introduction of a new level behind the existing parapet roof."
What was described by the Weekly as ‘’possibly Bendigo's biggest private housing development’’ is a four-storey $12 million residential and commercial development at 23 Wills Street, opposite Target.
The building will have underground car parking, commercial and retail levels and two levels of apartments. Apartment numbers are not yet known.
The development fits in with the council's CBD and residential strategies, having ‘’an active front’’ and apartments above shops.
The developer and local investors had planned a much smaller proposal, however, after reading the council's 2005 CBD Structure Plan – and in light of future residential and commercial growth - they were inspired to design a much grander building, the Weekly reported.
"When you consider so much of the CBD is either tightly held, too small to develop or subject to heritage protection, it became obvious we ought to utilise the space we had as best we could,’’ developer and business consultant Scott Jackman reportedly said. The building's design was inspired by Bendigo's historic buildings.  
<img src="/images/stories/2013/10/23/BENDIGO-OCT-23-TWO.jpg" width="461" height="218" alt="BENDIGO-OCT-23-TWO" style="display: block; margin-left: auto; margin-right: auto;">
Artsist impression
Bendigo’s residential strategy came under the spotlight last year because of its greater-than-expected growth. The state government said then that 40% of the city’s forecast growth between 2006 and 2031 ‘’had already been realised’’. (Bendigo Weekly).
Regional Development Parliamentary Secretary Damian Drum said a Bendigo residential strategy review would deliver greater community and investor certainty, further helping the region grow.
“Strong residential growth has many flow-on economic benefits and having a clear framework for future development will position Greater Bendigo City Council to undertake more detailed, place-based planning in the future.’’
Then Deputy Premier Peter Ryan added: “This project will review the strategy, assess current and estimated land supply and demand and consider various legislative and policy changes.
“It will also consider the latest demographic data and establish a new strategic framework to guide the long-term residential growth of Greater Bendigo.’’
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Swag of plans approved for Bendigo as goldfields town looks set to transform

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Minister for Planning Matthew Guy has announced a $300 million hotel and apartment complex in Docklands, to be known as The Altus.
Guy launched the 4.5 star hotel and apartment complex yesterday, which will be situated on the corner of Harbour Esplanade and Dudley Street.
The Altus will feature 281 guest rooms and suites, 27 serviced apartments and 299 residential apartments across 37 storeys.
“Docklands is continuing to deliver state of the art buildings that are rejuvenating the area,” says Guy.
“Once completed, The Altus will be part of a vibrant and exciting precinct in which to work, live and to visit.
“The Altus adds to a growing list of top class accommodation, dining and entertainment
venues in the Docklands, which provides access to world class sporting and music events, shopping, fine dining and recreational activities,” says Guy.
Construction is scheduled to commence in early 2014 and will create over 400 construction jobs and once completed in 2016, 150 hotel jobs.
“The Victorian Coalition Government is continuing to transform the Docklands into a waterfront destination that will be home to 20,000 residents and 60,000 workers upon completion in approximately 2025.
“Investments like the new $43 million community precinct that will feature the Docklands Library and Community Centre, Dock Square and Docklands Family Services and Boating Hub are creating a vibrant and exciting suburb.
“The $15 million Dock Square will provide 2,500 square metres of landscaped open space for residents and visitors to enjoy the outdoors and maintain active lifestyles,” says Guy.
The last remaining piece of major developable land in Docklands, a 2.5-hectare site diagonally across from Southern Cross Station, has now been contracted.
It will be developed into a $1.6 billion precinct, linking central Melbourne to Docklands.
Guy says nearly all 140 hectares of Docklands’ developable land is now contracted for development, with 50% of the land developed into the newest part of Melbourne’s CBD.
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