Private equity real estate firm Conquest has entered into a $220 million partnership with Woolworths’ development arm, Fabcot, to deliver its long-awaited Waterloo project on Bourke Street.

The Bourke Street development was first flagged by Fabcot back in 2021 as part of its push into Sydney’s residential market. However, progress has since stalled, with no activity on site amid a number of design revisions in consultation with the City of Sydney.

<a href="https://www.apartments.com.au/developers/conquest">Conquest</a>, which is actively planning more than $6 billion worth of new developments, predominantly mixed-use precincts, is now set to move the project forward.

The current plans include between 110 and 120 apartments across two buildings designed by Bates Smart at <a href="https://www.apartments.com.au/new-apartments/923-935-bourke-street-waterloo-nsw-2017">923 Bourke Street</a>. The scheme will incorporate a portion of apartments reserved for key workers, alongside premium commercial space at ground level, including a full-line Woolworths supermarket.

Construction is expected to commence in the second half of 2026.

Michael&nbsp;Akaawi, CEO of Conquest, said the partnership reflects the firm’s commitment to "convenience-led" urban renewal."

"We are preparing to commence construction in the second half of this year," Akaawi says.

"Along with Woolworths, we look forward to delivering the first major supermarket to the growing Waterloo community, integrated with premium new apartments and specialty retail shops. Our focus is on creating a seamless lifestyle hub where essential services are at the doorstep, saving residents time and enhancing their quality of life."&nbsp;

<img alt="Conquest" data-entity-type="file" data-entity-uuid="d8beee83-ef9b-446b-a3b3-1e2fe596512b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-01%20at%2011.08.46%E2%80%AFAM.png?VersionId=raYhGepiLUJfx4InLPRRJduA3ftDJ_kS" />

The news comes just a week after Conquest went to the NSW Government to upsize its plans for Castlecrag's Quadrangle Shopping Centre.

Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.

Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.

Conquest has been increasingly active in the development space in recent years. The group acquired the&nbsp;<a href="https://www.apartments.com.au/developments/eastlakes-nsw-2018">Eastlakes</a>&nbsp;Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a&nbsp;<a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.

Joel Robinson

Conquest partners with Woolworths to deliver mixed-use Waterloo project

A shift away from Sydney’s industrial past has left parts of the inner south defined by contrast, brick warehouses repurposed into dining precincts, former factory streets softened by landscaping and pedestrian activity.

Rosebery is one of those suburbs. Over the past decade, it has undergone significant gentrification, anchored by The Cannery, which has helped reposition the area as one of the inner city’s most sought-after lifestyle pockets.

What hasn’t kept pace with that transformation is new residential supply, which has remained relatively limited. Builder-developer Deicorp identified that gap early, securing a site in 2019 and delivering what is now one of the suburb’s most architecturally distinctive developments.

To realise the vision, Deicorp engaged Candalepas Associates to design The Rothschild, a project that is immediately recognisable from the street.

Completed in 2025, The Rothschild comprises two buildings across Rothschild and Mentmore Avenues, delivering 176 apartments. The development replaces a former industrial site, retaining a material and structural dialogue with its past while introducing a more resolved residential framework. The scale is deliberate but not monolithic, broken into forms that engage both street frontages, with retail at ground level and two levels of basement parking below.

[smartcode_project:default project_id=106843 project_image_fid=221665]

From the street, the architectural intent is clear. Off-form concrete columns run through the façade, establishing a repeated structural rhythm that gives the building its visual weight. These are paired with deep-set arches and sections of exposed brickwork, creating a layered elevation that reads less like a typical apartment block and more like a reinterpretation of industrial architecture.

The material palette is intentionally restrained, with concrete left exposed and brick used to define mass rather than decoration. The result is a building that stands out through proportion and repetition, rather than height or glazing.

This approach continues internally. A central landscaped courtyard sits between the two buildings, anchored by an olive grove that acts as both a visual and spatial focal point. Rather than functioning as residual space, the courtyard is designed as a shared ground plane, where circulation paths, seating areas and planting come together to create a usable communal environment. Its positioning allows natural light to penetrate deep into the site while maintaining separation between residences.

[smartcode_project:default project_id=106843 project_image_fid=221666]

Within the apartments, the planning follows a clear and functional logic. Entry points lead directly into open-plan living areas, with kitchens positioned as central elements alongside dining and lounge spaces. These zones extend to balconies or external openings, maintaining a visual connection to either the courtyard or the street.

Kitchens prioritise practicality, with generous bench space, ample storage and European appliances configured for everyday use. Bedrooms are typically set back from the main living areas, creating quieter zones within each residence, with separation achieved through layout rather than material change. Bathrooms are compact but efficient, incorporating mirrored cabinetry and integrated storage to maximise space. Across all residences, the emphasis is on clarity of movement and functional planning.

[smartcode_project:default project_id=106843 project_image_fid=221669]

At ground level, retail and hospitality uses extend the building’s presence beyond its residential function. A café or restaurant space, alongside communal amenities such as a music room and rooftop areas, positions the development as part of a broader urban network rather than a standalone project. These shared spaces reinforce a lifestyle where the building operates as an extension of the surrounding neighbourhood.

Rosebery’s proximity to Green Square, The Cannery and nearby parklands supports this model of living, where much of daily life is within walking distance. The Rothschild sits comfortably within that network, contributing to the streetscape through its distinctive architecture, while internally organising space around light, structure and communal use.

The Rothschild is now complete and ready to move in, with limited residences remaining.

[smartcode_project_cta:default project_id=106843]

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

KTQ has unveiled&nbsp;<a href="https://www.apartments.com.au/new-apartments/casilia-16-marine-parade-coolangatta-qld-4225">Casilia</a>, the final residential release within the Kirra Point precinct which really kicked off the boom in the area back in 2019.

The final stage comprises&nbsp;87 residences and marks the culmination of a long-term, family-led vision for Kirra Point, as the precinct moves toward completion in tandem with the development.

Around $100 million in sales have been achieved already, close to 35 per cent of the residences secured ahead of launch. There have been a significant number of buyers returning from the first stage of the development, Miles Residences, securing another property within Kirra Point.

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Selling agent Tim Keenan from Keenan Byrne said the response reflects both the scarcity of the offering and Kirra’s growing reputation as a premium coastal market.

“This is effectively Kirra’s final act, the last release within what has become one of the Southern Gold Coast’s most tightly held beachfront precincts,” Keenan said.

“We’ve seen exceptionally strong pre-sale interest, from VIP waitlists through to off-market enquiry, which speaks to both the quality of the product and the confidence buyers have in the precinct. What’s particularly compelling is the number of buyers returning from Miles, either upgrading or investing again, which is a strong signal of how the precinct has been received."

Keenan adds that at the same time, north-facing beachfront remains exceptionally rare in Australia, limited to places like Noosa, Byron and Kirra, which is underpinning long-term value.

[smartcode_project:default project_id=152295 project_image_fid=368415]

Positioned along one of Australia’s few true north-facing beaches, Casilia offers a mix of two and three-bedroom residences with pricing ranging from $1.87 million to $7.15 million and two exclusive penthouses. Residences are oriented to capture varying outlooks, from uninterrupted Pacific Ocean views across Kirra Beach to hinterland vistas, with upper levels and shared amenity taking in sweeping perspectives along the Gold Coast coastline.

At rooftop level, a north-facing pool deck captures expansive, uninterrupted views over Kirra Beach and north towards Surface Paradise. The space incorporates a heated resort-style pool, mineral spa, sun lounges and a covered BBQ cantina.

Buyer profiles are broad, typically aged between 40 and 70, with a strong skew toward second-home ownership, drawn by a combination of lifestyle, relative value, proximity to Gold Coast Airport and lower congestion compared to more established markets such as Byron Bay and Noosa.

[smartcode_project:default project_id=152295 project_image_fid=368414]

The project is being delivered by <a href="https://www.apartments.com.au/developers/ktq-group">KTQ Group</a>, a family-owned Australian property group with a diverse portfolio spanning residential, hospitality and commercial developments. The group has delivered a number of notable projects across sectors, including the award-winning Elements of Byron resort, demonstrating its depth of experience across both hospitality and residential development.

Known for its long-term approach to place-making, KTQ Group retains a vested interest in its projects, often holding assets within its portfolio, which has also helped build trust among buyers and reinforced confidence in both the vision and delivery certainty of the precinct.

“Casilia represents the final opportunity to secure a residence within Kirra Point and brings to market the last release within our long-term vision for the precinct," KTQ Group's Jeremy Holmes said.

"Kirra Point has been more than a decade in the making, and that timeframe reflects the care behind each decision, it takes listening, balance and vision to arrive at something that feels right for the location.

“Our approach has always been to deliver Kirra Point as a destination in its own right, a connected coastal neighbourhood integrating residential, hospitality and wellness, rather than a standalone project. It’s a vision that respects place, pace and permanence, and contributes to a sense of community that feels authentic to Kirra.”

[smartcode_project:default project_id=152295 project_image_fid=368411]

Once complete, the Kirra Point masterplan will incorporate a mix of dining establishments, bars and cafés, alongside the Kirra Point Health Club and a future 91-room independent resort hotel, creating a walkable, integrated lifestyle precinct.

Architecutue and interiors at Casilia have been designed by the experienced design houses of <a href="https://www.apartments.com.au/architects/little-boat-projects">Little Boat Projects</a> and O’Neil Architecture &amp; Interior Design, The design moves beyond the conventional coastal apartments, instead taking cues &nbsp;from the surrounding landscape - layering natural materials, soft curves and warm textures to create spaces that respond to light, airflow and the rhythms of coastal living.

Residences are designed with an array of floorplates, generous proportions and intuitive flow, while at ground level Casilia connects into the broader precinct, where future laneways, retail and hospitality offerings will contribute to a neighbourhood defined as much by how people live day-to-day as its beachfront position.

[smartcode_project_cta:default project_id=152295]

The final residential release within the Kirra Point masterplan is set to launch, as strong pre-sales signal sustained demand for the Southern Gold Coast

A decade in the making: KTQ launches Casilia at Kirra Point

South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

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Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

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?

Nearly a year after purchasing the former Leo's Fine Food &amp; Wine supermarket in Kew for a reported $52 million, Melbourne developer <a href="https://www.apartments.com.au/developers/orchard-piper">Orchard Piper</a>, in a consortium with billionaire James Packer, has filed development plans for the site.

The proposal includes just under 200 apartments on the 6,835 sqm block, which spans <a href="https://www.apartments.com.au/new-apartments/26-36-princess-street-kew-vic-3101">26-36 Princess Street and 11-15 Brougham Street</a>. Approval is being sought through the Department of Transport and Planning’s (DTP) Development Facilitation Program (DFP).

The buildings, designed by Wardle, will vary in scale and rise up to 18 storeys. One-, two-, three- and four-bedroom apartments will be offered, along with townhouses. Ten per cent of the total dwellings will be allocated to key worker housing.

The development will also include 19 new retail premises, comprising a mix of shops, restaurants and cafés, including a dedicated space for a high-quality produce offering similar to Leo’s.

<img alt="Kew" data-entity-type="file" data-entity-uuid="67cc85a5-a9d8-4eaa-95ae-fd93762d3297" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%208.15.07%E2%80%AFAM.png?VersionId=_p57VJNE2w16xNXB4ISvu3mnVHDDk86R" />

Orchard Piper noted the development is "designed to revitalise the Junction with high-quality housing and retail, while also improving the public realm."

"Assembling an expert team, we've been working with leading architects Wardle and landscape architects Oculus on a site-sensitive design. Wardle is one of Australia's pre-eminent architectural practices, and its founder, John Wardle, is a former long-term Kew resident with an intimate knowledge of the area.

"After close to a year refining the plans, our current opposition embodies Kew's unique character and meets the community's needs, including detailed consideration of the surrounding building design, streetscape conditions and broader planning context."

On top of the extensive retail component, the opportunity to deliver offsite public realm works, involving the council owned land to the south, would include a comprehensive new landscaped laneway strategy that connects Athenaeum Place into the site, a new public park, and the relocation of the public parking currently on the site to the adjoining council land.

<img alt="Kew" data-entity-type="file" data-entity-uuid="02da73ff-e9d9-4e6a-8b6c-75c6f4cb3b01" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%208.15.12%E2%80%AFAM.png?VersionId=NXlzip8H0suSqc.X2H6nLKZr6LB1joJ." />

Orchard Piper, led by Luke Mckie and Rick Gronow, is currently delivering The Carter building on St Kilda Road and One Toorak Place in Toorak village.

Kew has been a popular suburb for new development in recent years. The likes of Piccolo, ANGLE, and Carpe are delivering projects in the area.

&nbsp;

&nbsp;

First look: Orchard Piper, James Packer's Kew development revealed

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Spec Property Group is enticing potential buyers by including a Vespa in the sale of some of their one-bedroom apartments in the South Yarra development.
The Ella development on Claremont Street features 167 apartments; 60 of those are one-bedroom apartments with no car space.
Spec is offering up to 20 Vespas to those lucky enough to secure a one-bedroom apartment with an allocated scooter space. 
The iconic Italian scooters are worth between $4,000 and $9,500, depending on the model.
One-bedroom apartments range in price from $339,000 to $445,000 and range in size from 39 square metres to 45 square metres.
The 107 two-bedroom apartments come with a car space and range in price from $535,000 to $650,000.
The kitchens feature Smeg appliances and Caesarstone benchtops but can be upgraded to Miele appliances.
Developer gifts are not a new concept within Australia; incentives such as cars, holidays and even cooking lessons with a celebrity chef have been utilised to attract potential buyers.
This is not even the first time <a href="https://www.specproperty.com/#/profile/" target="_blank">Spec Property Developments</a> have offered incentives; previously they have offered to pay the stamp duty for apartments purchased in their Madison development in Doncaster.
The Vespa incentive first appeared in Jacksonville Florida, with buyers at the Chelsea Lofts being able to choose between receiving a Vespa, having their homeowner association fees paid for a year or getting a plasma TV.
The rise in incentives can be seen as a result of tough housing market conditions.
Although the prospect of a lavish item, such as a Vespa, may seem like a good prospect, buyers are warned that there is a catch. The costs of the incentive are often hidden away in land or building costs.
Ella is currently 50% sold, with construction already commenced.
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Vespa offer to entice buyers to South Yarra one-bedroom apartments

A former Brighton police station has sold under the hammer, with the successful buyer planning to renovate the double-storey Victorian Italianate style building into a home.

The 1,047-square-metre property (pictured below) at 27 Wilson Street successfully sold at its recent auction for more than $2.4 million.

Offering double street frontage, the property features 10 principal rooms, original holding cells and original timber stairwells.

Nick Johnstone of <a href="https://www.propertyobserver.com.au/https://www.nickjohnstone.com.au/property/details/281" target="_blank">Nick Johnstone Real Estate Brighton</a> says the owner plans to keep the fa&ccedil;ade but refit the interior.

Meanwhile, the old Carlton police station at 334-344 Drummond Street has sold for $3,641,000.

Property Observer <a href="https://www.propertyobserver.com.au/victoria/old-bluestone-carlton-police-station-with-squizzie-taylor-links-listed-by-state-government/2013041860481" target="_blank">reported</a> on the listing earlier this year where the price guide was reported around $3 million.

The property ceased being an active station in 2010, having served the community for 130 years.

It is speculated that notorious 1920s gangster Squizzy Taylor was connected to the site.

Sitting on 992 square metres, the new of its two buildings is the 1890s six-cell bluestone jail designed by John Dow.

The symmetrical brick Victorian restrained Classical-Revival style building on the street was designed by Public Works Department architects William Steel and George Watson in 1878.

It was listed through Simon Shrimpton of Jellis Craig.

Shrimpton says the purchaser is looking to renovate and rework the Drummond Street site.

Up north, the former Pymble police station is on the market for $800,000 plus.

Located at 1116 Pacific Highway, the property&nbsp;retains original features including four fireplaces and two cell lock up blocks.

It also includes three individual offices.

Situated on 465 square metres, the property has recently been rezoned to high-density development.

In October last year, the original Rozelle Police Station&nbsp;sold for $1.87 million.

The 450-square-metre property at 707 Darling Street retains original features including three jail cells and barred windows.

Listing agent Tim Morrison described the building as having artistic feel to it with a blend of old and new interiors throughout.

The new owner has used the building to create a corporate headquarters for her digital publishing business beautheaven.com.au.

Prior to the sale, the property was used as the headquarters for New South Wales children&rsquo;s charity Variety.

It was sold in 1991 for $587,500 by a retail company dealing in luggage and leather goods.

Former Brighton police station to be restored into family home

With the forthcoming auction of The Block apartments on Park Street in South Melbourne, Property Observer looks at competing apartments on the market in the same price category.

The Block Park Street complex comprises of five apartments, each featuring three bedrooms, four bathrooms and two car spaces. There is also the ground floor apartment.

The Block buyers will also have access to a resident&rsquo;s rooftop featuring an outdoor cinema and a BBQ area.

The price guide for some apartments start at <a href="/news">$1.2 million plus</a>, however the show had previously signalled $1.5 million to $2 million hopes for the apartments, if you believe Keith, the foreman.

For those looking to buy comparable South Melbourne apartment face few options - and they tend to be off the plan offerings.

Potential purchasers looking for comparables will no doubt look at a three-bedroom, two-bathroom penthouse in the Sunday Apartment building.

Located at 65 Coventry Street, the 129-square-metre penthouse (pictured below) is listed for $1.3 million plus

The Coventry Street apartment also includes two car spaces, two balconies, Miele appliances and a communal pool, spa, BBQ area and garden courtyard.

The Sunday Apartment building is currently under construction but nearing completion.

A three-bedroom, two-bathroom apartment at 50 Albert Road South Melbourne is available to buy off-the-plan for $1.75 million.

Located on level 20, the apartment&nbsp;features an entertainer&rsquo;s kitchen, 900 Miele appliances and two integrated fridges.

The apartment also features two private balconies and two car spaces.

The complex features a resident&rsquo;s rooftop, two spas, a BBQ area and a function lounge.

Developed by Hamton and designed by Elenberg Fraser, Fifty Albert has an expected completion date of mid 2013.

The median apartment price in South Melbourne is $522,000, a 15.1% growth in the past five years, according to RP Data.&nbsp;

The median rent is $510.

The Block apartments will go under the hammer on July 27.

South Melbourne trophy apartments competing with The Block Sky High

Architect Robert Burnham is selling his Victorian cottage in Brighton.

Burnham purchased the former workers cottage around 14 years ago for $215,000.

It is currently listed with a $1.35 million plus price guide.

Located &nbsp;at 14 Loller Street, the property features three bedrooms, a modern chef&rsquo;s kitchen with Ilve appliances and marble detailing and timber in the bathroom.&nbsp;

The property also boasts a landscaped courtyard and a separate guesthouse.

Burnham says the cottage was a complete &quot;dump&quot; when he purchased it and has built it into a home that oozes &quot;charm and character&quot;.

Burnham moved out of the terrace 12 months ago and says it&#39;s the perfect entry point into the Brighton market.

The median house price in <a href="/news">Brighton</a> is $1,660,000, according to RP Data.

Architect Robert Burnham lists trophy Brighton cottage

A converted biscuit factory in Prahran has been listed for sale. 
&nbsp; 
The&nbsp;<a href="https://www.kayburton.com.au/property/3-38-charles-street-prahran" target="_blank">converted biscuit factory in Prahran</a> has an&nbsp;asking price of $1.59 million. 
 
The three-bedroom, two-bathroom, plus study property is located at 3/38 Charles Street Prahran in the famous Greville Street precinct. 
 
Originally home to the Table Talk Biscuits company the two storey warehouse conversion retains the best parts of its industrial factory heritage and provides superb modern living and entertaining spaces. 
 
The lower level comprises open-plan living and dining, two bedrooms with built in robes, a separate laundry and central bathroom, as well as a fully equipped kitchen, which opens onto a Westerly courtyard. 
 
With high ceilings, exposed timber beams and hydronic heating throughout, the property also boasts a large cellar or storage space and two generous tandem car spaces. 
 
Upstairs is the master suite complete with built in robes, ensuite bathroom and a study nook. 
 
With Greville and Chapel Street shopping precincts at its doorstop and Prahran train station just across the road this property offers all the conveniences of inner city living, with the privacy of its location at the rear of the block.

jrobertson-4NasGYvWhc

Prahran's Table Talk biscuit factory trophy home listing

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A renovated town residence in St Kilda West has sold under the hammer for $1.1 million.
Located at 278 Canterbury Road St Kilda West (pictured below), the property sold above its listed price guide of $980,000 to $1.05 million.
<img src="/images/stories/2013/07/stkildawestjuly11one.jpg" width="470" height="285" alt="stkildawestjuly11one">
Situated on 136 square metres, the home features four bedrooms and two bathrooms.
Surrounded by park aspects and within walking distance to Albert Park, the home boasts a Zen-inspired colour palette. 
The home was listed through <a target="_blank" href="https://greghockingrealestate.com.au/promotion/278-canterbury-road-st-kilda-west/">Brett Hallam and Warwick Gardiner of Greg Hocking Holdsworth</a>.
The median house price in <a href="/news">St Kilda West</a> is $1,225,000, according to RP Data.
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Renovated St Kilda West townhouse sells at auction 

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The good oil on olive growing is that business is booming, with record production tipped for Victoria.
And our Indian summer and long clear sunny days and cool nights leading into winter helped make it happen.
In 2007, production was five million litres of oil, and this year growers will harvest a record 15 million litres – about two and half times more than last year. Ten years ago the figure was less than one million litres.
Fairfax Media reports that exports will account for 40% of production, with local demand set to increase by 60% a year.
The weather gods were especially kind to Boundary Bend Limited – Victoria’s largest producer - after two wet winters, says ABC Online.
The vast olive pressing factory in Northern Victoria has 6100 hectares of mature olive plantations split between Swan Hill on the Murray River and Boort in central Victoria. It harvests more than two million trees.
During the pressing season - from March to July - the factory processed a record crop and pressed it into extra virgin olive oil. This year, out of a national forecast of 20 million litres of olive oil, it predicts it will produce about 14 million litres.
Olives thrive in hot, dry conditions like those found in the Middle Eastern, where they originated. So, while the long summer and dry autumn made livestock producers and grain growers anxious, our olive producers were counting their blessings.
The quality of this year’s harvest of olive oil promises to be the best in a decade, a leading producer told The Land.
Across Australia, the crop looks to be up over 80% from 2012 with about 18-20 million litres being produced this year compared with 10.5 million litres last year.
And, based on the results so far from both taste panels and international competitions, the quality of this year’s harvest is also reportedly the best in a decade.
Hobby farm olive groves to hit the market recently include <a target="_blank" href="https://www.realestate.com.au/property-house-vic-staffordshire+reef-113685083">462 Staffordshire Reef Road</a> (pictured below), Staffordshire Reef, near Ballarat, which sold through Blue Ribbon Ballarat for $320,000.
{yoogallery src=[images/stories/2013/07/july11staffordshire]}
Agent Jamie Butterworth says the property with two storey cottage has 250 Tuscan olive trees, 1400 pinot noir vines and two large dams on its 26 acres. It has a modern kitchen, wood heater, underground power, water tanks, good fencing and gully views.
Another olive grove, at 3594 Halls Gap-Ararat Road, Halls Gap, was sold in late April. Bruce McIlvride of Landmark Harcourts – Stawell said Red Rock Olives at Halls Gap was an ideal change of lifestyle on 127 hectares.
It has an extensive olive orchard, food manufacturing facility, small residence and farm-gate shop. He would not disclose the selling price, but said the prices of olive hobby farms ‘’varied widely’’ depending on the size, quantity of trees and levels of production. ‘’You’ve got to find the right buyer-fit,’’ he said.
Ken Maroney Real Estate Greensborough recently sold a four hectare irrigated Arthurs Creek olive grove hobby farm with five bedroom weatherboard for $650,000.
‘’The 300 trees are three to four years old and, in a few years, they should produce a substantial crop of olives,’’ agent Dianne Vissaritis says.
‘’It takes nine years to grow fruit on the trees but they will earn money in the long term. All the hard work was done here.’’
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Hobby olive farms in vogue with record oil production projected in Victoria

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Not to be outbid by Asian investors, local investors are reasserting their presence in the Melbourne CBD and city fringe, according to Colliers agent Daniel Wolman.
Prime CBD retail assets, and those in nearby tightly held city fringe retail strips, were in "hot" demand amid Colliers International’s Winter 2013 national auction portfolio.
Achieving an outstanding yield of 3.48% was a freestanding Victorian-style building at 776 Glenferrie Road in Hawthorn which had not changed hands for more than five decades.
Tenanted by Rhodes Hair Studio, the fringe retail strip offering sold under the hammer for $1.78 million through Daniel Wolman and his colleague Jeremy Gruzewski.
“The tenant, Rhodes Hair Studio, has resided in this building for more than 25 years," Mr Wolman said.
“Hawthorn, and particularly the Glenferrie Road precinct, is tightly held and always in high demand from investors and tenants alike, but even we were amazed by the yield we were able to achieve," he said.
Mr Wolman and colleague Matthew Stagg sold an Australia Post outlet at 839 Bourke Street in the Victoria Harbour precinct in Docklands for $902,000 along with the Brown Gouge dry cleaners premises at 837 Bourke Street, for $545,000.
The consecutive auctions attracted seven bidders.
“With lower interest rates, finance for investors is becoming much quicker and simpler to access,” Mr Wolman said.
“Banks and investors want to see a secure lease to well-established tenants, and there have been some strong examples of late.
"Local investors are getting back into the market in a big way, and properties in prime locations are at the top of their wish list.
“Last year the activity was primarily drive by Asian investors," he added.
“The influx of Asian capital targeting Melbourne CBD commercial property, and the ease with which purchasers can enter the market via their self-managed super funds, contributed to a noticeable increase in sales last year.
“But to date, 2013 has been all about the domestic purchaser.”
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Local investors buying up well-tenanted Melbourne retail property offerings

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Construction on Mirvac’s Yarra Point tower in the waterfront precinct Yarra’s Edge is now complete, with 90% of residential apartments sold totalling over $150 million in sales.
The 31-level tower consists of 201 apartments in the sixth apartment tower within the Yarra Edge precinct.
A limited number of one, two and three-bedroom apartments and Sky Residences remain, starting from $595,000 to $1.4 million.
“We are pleased to announce that construction is complete at our luxurious waterfront address, a continuation of Yarra Point’s success story to date,” says John Carfi, chief executive officer of Mirvac Residential.
Construction on the <a href="https://www.propertyobserver.com.au/developments/docklands-development-yarra-point-three-quarters-sold-as-mirvac-says-the-price-is-right/2011110252174" target="_blank">$191 million development</a> was completed a month ahead of schedule.
“We expect to see this momentum at Yarra Point to continue over the coming months now that our prospective purchasers can see for themselves the degree of space, quality and craftsmanship in our remaining apartments,” says Carfi.
The tower features one, two and three-bedroom apartments ranging in size from 55 square metres to 214 square metres.
The tower features a two-level lobby - acting as an extension of the outdoors - with mature trees, succulents and bluestone.
Residents will also have use of a 300-square-metre rooftop garden, lounge, gymnasium and a business centre.
Property Observer recently <a href="https://www.propertyobserver.com.au/victoria/mirvac-s-yarra-point-comes-alive-with-oly-san-francisco-mirvac/2013052661437" target="_blank">reported</a> on the styling of a 31st floor sky residence with furnishings from Oly San Francisco.
Construction has commenced on Mirvac’s seventh residential tower at the waterfront precinct, <a href="https://www.propertyobserver.com.au/developments/half-of-apartments-in-mirvacs-array-development-in-docklands-sold/2013021459351" target="_blank">Array</a>.
The $218 million Array development offers a range of one, two, three and four-bedroom apartments and is now 65% sold.
Marketing of the 39-storey development commenced in September 2012, with apartments priced from $520,000 for a one-bedroom apartment to $7 million for a penthouse.
The development is due to be completed in 2016, with first settlements occurring in mid-2015.
Mirvac have also launched a <a href="https://www.propertyobserver.com.au/victoria/nothing-backward-about-mirvac-s-black-label-loyalty-offering-at-array/2013030359620" target="_blank">project-specific brand loyalty-royalty scheme</a> for their returning or new clientele.
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Mirvac's Yarra Point tower 90% sold as construction completed

Retired spin bowler Shane Warne has&nbsp;revealed to the Herald Sun Confidential columnist Luke Dennehy that&nbsp;putting his Brighton mansion for sale&nbsp;was&nbsp;a &quot;bittersweet&quot; decision given, in part,&nbsp;he&nbsp;had&nbsp;put his heart and soul into renovating the heritage property.

But his living arrangements&nbsp;now with fiance Elizabeth Hurley meant it was the right time to sell.

He will&nbsp;be buying something smaller to&nbsp;spend his estimated 120 to 140 days&nbsp;in Australia&nbsp;with&nbsp;his&nbsp;children -&nbsp;spacing&nbsp;out his visits&nbsp;every five or six weeks&nbsp;for two or three weeks.

&#39;&#39;I love Melbourne, I think it&#39;s the best city in the world,&#39;&#39; he said.

Luke Dennehy suggested&nbsp;Warne had an offer to sell the mansion for $20 million late in 2011, but the timing wasn&#39;t right.

&#39;&#39;I was just about to start the Big Bash and the house was finally finished after two years of renovations,&#39;&#39; Warne told him.

&#39;&#39;Elizabeth and her son Damian were coming out for Christmas and my kids wanted to be in the house they had been waiting two years for.

&#39;&#39;At that stage I had no intention of ever moving again.

&#39;&#39;The past 10 to 15 years I&#39;d probably had six houses, and my intention and vision for this house was to build absolutely everything I wanted so I wouldn&#39;t have to move again.


&#39;&#39;I spent a lot of time doing up. I&#39;ve got theatres, entertaining areas, huge wine cellars, a big pool area, a tennis court, I think a 6000 square metre underground basement.

&#39;&#39;But obviously things have changed. It&#39;s a pretty special home, and it&#39;s sad to let it go.

The Brighton real estate agent J.P. Dixon has the <a href="https://www.realestateview.com.au/Real-Estate/6-william-street-brighton/Property-Details-buy-residential-5632107" target="_blank">William Street property&nbsp;</a>listed at $15 million.

When it was listed last year&nbsp;Sportsbet.com.au briefly took&nbsp;bets on what the&nbsp;property would&nbsp;fetch.

It&nbsp;had $10 million to $12 million as the favourite price bracket, with the odds at $2.60.

Selling for less than $10 million was the next closest bet at $3, while&nbsp;more than $20 million&nbsp;dropped back from $3 odds in August to a less impressive $13 just before the betting board was removed.

The Brighton property&nbsp;will&nbsp;set a new price record in the bayside suburb if it sells for more than $15.6 million.

It&nbsp;was totally renovated by Warne and features a gym, cinema, basement garage, tennis court, and a pool with Warne&#39;s cricket number, 23, inscribed on the bottom.

Warne paid $8.55 million for the heritage listed home in 2009, which he shared with partner Simone Callaghan and their three children before the couple split in 2010.

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A few months later, the mansion - decked out with privacy shields along the fence line - became the scene of an almost&nbsp;riotous media scrum when the English actress and model Liz Hurley came to stay after months of flirtation on Twitter.

They are now set to marry at some time.

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First look: Orchard Piper, James Packer's Kew development revealed

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First look: Orchard Piper, James Packer's Kew development revealed

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