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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The infamous ultra-modern “Pamela Anderson” house in St Kilda West has been listed for $1,350 weekly rental.
The <a href="https://www.realestateview.com.au/rental-properties/270-canterbury-road-st-kilda-west/Property-Details-rent-residential-5728971" target="_blank">three-storey, three-bedroom St Kilda West</a> house comes with a gourmet kitchen, a north-facing terrace with lap pool, a private courtyard with pond and a two-car garage behind the internationally renowned façade.
It's available for rent through <a target="_blank" href="https://www.realestateview.com.au/Real-Estate/270-canterbury-road-st-kilda-west/Property-Details-rent-residential-4240233" rel="nofollow">Capri Property</a> leasing agent Judith Simpson, who had it for rent at the same pricing in July last year.
The Marshall White agency <a target="_blank" href="https://www.propertyobserver.com.au/victoria/pamela-anderson-house-built-for-sam-newman-on-the-market/2011103052125">had listed the property in November 2011</a> for sale, but no sale eventuated at its desired $1.62 million asking price.
Designed by architect Cassandra Fahey in 2000, it won a Royal Australian Institute of Architects award, making news around the world given the Baywatch beauty’s appearance on the façade (pictured below).
<img alt="stkildajuly5one" height="311" width="470" src="/images/stories/2013/07/stkildajuly5one.jpg">
Photo courtesy of adonline.id.au
The former Geelong footballer and football commentator Sam Newman built the house at the height of his playboy notoriety, but never lived in it before he sold it for $1.1 million in mid-2002 to financial adviser Sean Patrick Taylor through a company called Canterbury Park Pty Ltd.
Dividing locals on its merits, the large glass mural façade at 270 Canterbury Road has been a source of controversy ever since it was unveiled a decade ago.
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jchancellor-FAypfDUnLy

Pamela's available again as St Kilda West Pamela Anderson-design rental property

A six-bedroom family retreat in Sale is on the market for $830,000.

Situated on 9.3 hectares, the Gibsons Road property was designed by Toorak architect Dale Fisher Jnr.

The property features an open plan granite kitchen, in ground wine cellar and five bathrooms.

The home is surrounded by decking and boasts a large north facing deck with a pizza oven.

A separate two-bedroom, two-bathroom flat is also located on the property.

The home also includes a tennis court, orchard and a dam suitable for swimming.

The property was first listed in September 2010 for $1.2 million and was relisted in early 2011 for $995,000.

The median house price in Sale is $279,000, according to RP Data,&nbsp;with the average discount required to sell a house is 7.7%, while private treaty sales spend an average of 113 days on market.

Sale is located 212 km from Melbourne&rsquo;s CBD. It is accessible by car or by train, with Sale railway station serving the town, via the Bairnsdale V/Line rail service.

According to the 2011 Census, Sale has a population of 14,259. The median age of people in Sale is 38 years, with children under 14 making up 20% of the population, indicating there are a number of young families living there.

The median asking rent for houses in Sale is $275 per week, while average rental yield is 5.1%.

with additional research by Diane Leow.

<div class="ljhooker-address">&nbsp;</div>

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Dale Fisher Jr-designed family retreat for sale in Sale

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There are about 65 Falls Creek properties listed for sale on the realestate.com.au portal, as the Victorian alpine ski resort 2013 ski season gets into gear.
Set around 4.5 hours from Melbourne, the properties listed on realestate.com.au range from $35,000 to $1.4 million.
The ski location's median apartment price in April was $346,700, according to RP Data.
The cheapest $35,000 offering sits within Morry Schwartz’s development, Silverski.
Suggesting there has been little price appreciation for the Silverski studios, the <a href="https://www.realestate.com.au/property-studio-vic-falls+creek-113110019" target="_blank">112 and 113 apartments</a> (pictured below) sold for $30,000 in 2011 when Schwartz offloaded his entire mountain holdings.
{yoogallery src=[images/stories/2013/06/june27silverski]}
Now they are re-listed with a $35,000 asking price each.
Christa Zirknitzer, from RT Edgar Alpine Bright, said recently that 112 and 113 were "expected to fetch the asking price." The Silverski 112 and 113 are currently under offer. 

She told Property Observer that “there has been some market growth where the majority are regular home/apartment buyers and not investors”.
Of the 77 Falls Creek apartments developed and sold by Morry Schwartz, 15 of them have been re-listed for sale since the owners bought them back in 2011.
His offerings were with no reserve price.
A <a href="https://www.realestate.com.au/property-alpine-vic-falls+creek-113222843" target="_blank">studio apartment</a> (pictured below) with a kitchenette and spa bath is listed with $149,000 hopes.
{yoogallery src=[images/stories/2013/06/june27bogong]}
The studio apartment is part of a complex that includes a restaurant, swimming pool and a sauna.
Christa Zirknitzer sold six properties that were recently listed from the Schwarz development fetching between $120,000 - $125,000.
Originally sold at the August 2011, apartment 301 of the Huski Development, another of Schwarz’s developments, been re-listed at $575,000.
The most recent sales - dating from around January this year - were in the St Falls East complex when  apartments <a href="https://www.realestate.com.au/property-apartment-vic-falls+creek-111929675">604 and 406 St Falls East</a> were sold. Both sold after lenghty time on the market. 
Apartment 604 was sold at an undisclosed price, but only after the asking price was adjusted to $380,000 down from $495,000 where it was on the market for 200 plus days.

It contains two bedrooms and two bathrooms with a balcony and an outdoor entertaining area.

Apartment 406 in St Falls East was sold at an undisclosed price having been listed at $250,000 for the one bedroom and one bathroom offering.

Located 356 kilometres, Falls Creek has a range of runs - 17% are beginner, 60% are intermediate and 23% advanced.
There are also 15 lifts to take skiers to these runs.
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ssabbatucci-QQ7XVku6Zz

Falls Creek offerings from $35,000 to $1.4 million

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Fortuna Villa, one of Bendigo's finest heritage-listed estates, is set for new ownership and restoration having sold post-auction for $2.21 million to the underbidder, adman Paul Banks.
The $3 million auction price was fool's gold, as it was never settled by its mystery buyer.
With a Pompeii fountain, parade ground, coach house, stables and, the seven bedroom mansion, the estate dates back to George Lansell who was the gold-rush town's quartz king.
It went to April auction when listed by the Defence Department whose signals section had taken up occupancy in the 1940s.
But its $3 million auctipn sale fell through.
Paul Banks, the advertising and marketing company owner will now endeavour to have the property rezoned to allow its utlisation by members of the public.
“Once we get a lick of paint on it we can get it opened up for functions, put a couple of bathrooms in it here and there and open it up for boutique style accommodation,” he told the Bendigo Advertiser.
Mr Banks has secured the property for about $2.21 million, a substantial discount to the $3 million April auction price, when the local press speculated it had sold to Chinese interests. 
Paul Banks, who runs <a target="_blank" href="https://www.regionalreach.com/index.php">Regional Reach Advertising </a>at Sutton Grange, was an April auction underbidder. 
It was on the market at $1.75 million when <a target="_blank" rel="nofollow" href="https://www.tsfn.com.au/?pagecall=property&amp;propertyID=2199224">Fortuna Villa</a> was being sold by the Department of Defence through Tweed Sutherland First National.
The quartz king, George Lansell, a mining entrepreneur, was the director of 38 mines and had links to almost every mine in Bendigo.
He struck fortune with his purchase of the 180 mine, part of the New Chum Reef.
He remodelled the mansion in the late 1880 which was lavishly furnished with pieces collected from around the globe. He designed the spacious gardens with walks, lakes and imported plants.
The Villa is built in a number of architectural styles - Victorian Italianate and Victorian Free Classical, with Federation influences.
The heritage listed rendered brick construction comes with seven bathrooms, cast-iron verandahs, a billiard room, a ballroom, a conservatory, a reception room and entrance hall.
It has a stained glass, cedar and blackwood staircase, a solid marble bath, extensive acid-etched glasswork.
The villa comes on 7.57 hectares and has 32 outbuildings. The Victorian gardens include a roman bath and a Pompeii fountain. There is also a tennis court, coach house and a large lake on the property. The lake was previously a tailings pond.
<a target="_blank" rel="nofollow" href="https://www.fortunavilla.net.au/inc/pdf/Draft%20Fortuna%20Phase%201%20Summary%20Report%20-%20Public%20Doc%20-%20final%20100709.pdf">The Department of Defence</a> occupied the site from 1942 and in 1957 it was compulsorily acquired for Army use. Since then the site has been occupied by the Army and other Defence organisations. Most recently it has been the home of the Defence Imagery and Geospatial Organisation.
The department of defence built a number of modern buildings on the property including a mess hall, stores and accommodation.
<img height="57" width="470" src="/images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone">
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Bendigo's Fortuna Villa heritage trophy estate finally sells

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An RMIT planning professor has slammed as "world’s worst practice" the state government’s rezoning of land at Fishermans Bend without due consideration to planning controls.
Professor Michael Buxton said it was "scandalous what (they) did in rezoning such a large area of land as capital city zone without any rules being in place, and enriching canny speculators who saw this coming.
"You could not get a worse example of how not to develop than Fishermans Bend."
His comments to Fairfax Media refer to state planning minister Matthew Guy’s rezoning of 240 hectares for residential development a year ago.
Since then, 21 skyscrapers have been proposed for Montague precinct alone, the area closest to the CBD.
There are reports land speculators are making tens of millions of dollars by keeping an eye on the state government’s vision for high rise villages at Fishermans Bend, despite no official plan for the area having been released.
Opposition planning spokesman Brian Tee said a strategic plan for the area was "well overdue". "With the stroke of a pen, the (planning) minister has an enormous amount of power to add tens of millions to the value of a property.
"He’s ticking and flicking these tall tower proposals and making speculators incredibly wealthy, but really destroying any opportunity to have a soulful community on this site.
"This is a once-in-a-generation opportunity to get this iconic site right and it needs a plan to ensure it does not become Docklands mark two."
Redevelopment of Fishermans Bend will flood the area with apartments, with 680 in three residential towers at 123 Montague Street, South Melbourne, and 1023 in four skyscrapers at 6-78 Buckhurst Street.
There are suggestions developers had "land banked" the sites years ago tipping the state government would rezone them as high-rise residential when in power. This is proving correct.
The 123 Montague site of 0.57 hectares - for sale by expressions of interest - is bordered by Thistlethwaite, Montague, Buckhurst and Ferrars streets.
The CBRE Richard Ellis sale board describes it as offering an "unparalleled location, significant long-term income and development potential".
A spokeswoman for Mr Guy said he would not comment.</body></html>

staylor-63KgDrKwoY

Fishermans Bend rezoning remains contentious as Montague precinct to be flooded with apartments

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The latest Kay &amp; Burton video report confirms that One Towers Road, Toorak fetched $20 million-plus.
<a href="https://www.propertyobserver.com.au/https://vimeopro.com/goldeneyemedia/kay-and-burton-report/video/68679281" target="_blank">The video</a> presented by Tracey Aitken gives viewers a look within the prestige offering by vendors Brian Watson and his wife, Edwina Le Maistre.
Even before the One Towers sale the prestige agency had notched $260 million in sales over April and May, its best result since 2010. The tally came from 124 sales.
Independently it has emerged Nigel Austin, the founder of the Cotton On chain, was the confirmed buyer of One Towers Road, Toorak.
It will be <a target="_blank" href="https://www.propertyobserver.com.au/victoria/one-towers-road-toorak-sells-but-falls-short-of-record/2013061662281">the home </a>of the Geelong born and based ragtrader and his expectant partner, Melanie.
There is no official confirmation of the actual price of the Georgian-style mansion on Towers Road, Toorak but Property Observer understands it to have fallen short of the Melbourne record of $24 million.
Property Observer gleans it sold for around $21 million, a very healthy result. The initial Fairfax Media report gave the sale price as a record breaking $25 million, and their revised $21.5 million price estimate came with the suggestion it represented a "bargain".
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Kay & Burton confirm One Towers Road Toorak fetched $20 million-plus

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The residential market in Sale and Traralgon is slow to stable with minimal movement in prices, according to property valuers Herron Todd White.
The valuers say for the best four to six year medium growth, the average buyer would be looking at the $200,000 to $400,000 price bracket.
The lower end of house prices, $200,000 and under, has slowed due to the removal of the first home buyers grant.
The valuers say the top end, $500,000 plus, is seeing vendors getting hurt due to over capitalising causing a sale loss, however a property in a strong location has the best chance of growth in this price range.
Herron Todd White say there has been an increase in renovations and extensions among home owners due to the high cost of land prices and building costs.
Home owners are staying put for a short term and then make a profit in the four to six year period.
The valuers say another option to consider  is the established home at the top end.
"With the high building costs, an established house at the top end may see growth in that four to six year period and I can’t see building costs coming down too quickly."
The valuers say a 1980s brick house in a good location is approximately $250,000.
They say this property should be renovated and the home owner shouldn't sell until five years later.
The valuers say buying an established property is a lot cheaper than building a new propert.
" A $400,000, five to 10 year old family home, with all improvements complete, is no cost to you.
"It is a lot more expensive to build, considering when land is $200,000, a new house is $250,000, suddenly you are at $450,000 and you don’t have concrete driveway, landscaping, shedding, fencing, paving?
"Yet the house which is 10 years old has all these and is probably in just as good a location."
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Gippsland opting for renovations and extensions due to high land prices and building costs: Herron Todd White

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Property valuers Herron Todd White say now is a good time to buy residential property in Melbourne with interest rates at record low levels.
"The Melbourne property market is currently a buyers' market, giving potential purchases the chance to shop around, and negotiate to find themselves a bargain.
“If you’re one of the many thinking about taking the metaphorical dive into property ownership and you want to be savvy about it, there are few things to consider.
“Properties with strong tenant demand and minimal holding costs will help to maximise you rental return; however homes with the potential for significant capital growth help to provide financial freedom in the long run."
The valuers say the equity built up can be used to purchase another property, which is beneficial for those looking to expand their portfolio.
For those looking for a house or unit with the potential for strong growth in the next four to six years, HTW says <a href="/news">West Footscray</a>, <a href="/news">Footscray</a> and <a href="/news">Maidstone </a>are showing positive signs for strong growth in the detached/semi detached market.
The suburbs are located within eight kilometres from the Melbourne CBD and are more available, with houses under $500,000.
Herron Todd White forecasts these areas to attract stronger demand due to their convenient location and as the trend towards high-density housing and gentrification continues.
Footscray is expected to profit from the proposed and current development in the area including the Footscray Railway Station redevelopment, Footscray Plaza Redevelopment and the Whitten oval Redevelopment, as well as being home to Victoria University, Western Hospital and Lonely Planet Publications.
Herron Todd White says the Melbourne 2030 planning strategy has designated Footscray as one of the major activity centres which are the preferred locations for future higher density residential land and mixed use development.
“All of these factors help to generate rental and investment demand in which the median house values are below that of surrounding areas which have already experienced gentrification and a shift in development plans.
"Like Footscray, Maidstone and West Footscray will benefit from the current and future development of the area.
"Both suburbs are located within eight kilometres of the CBD and offer greater housing affordability."
The valuers say a potential investor can expect to enter the West Footscray and Maidstone market with $535,000 and $498,000 being the median house price respectively.
Maidstone and West Footscray are located nearby the Maribyrnong Defence Site Redevelopment and the Maribyrnong/Footscray early years hub.
Areas of Maidstone also offer larger blocks and city views while development in West Footscray include the Barkly Village streetscape improvements and the West Footscray Railway Station redevelopment.
Image of Footscray by Steve Davidson, courtesy of Flickr.
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Melbourne property market a buyers' market; Footscray, West Footscray, Maidstone: Herron Todd White

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Little Parndon, the East Melbourne house built for colonial artist Eugene von Guerard fetched $1.75 million at its weekend auction.
Four bidders sought the heritage-listed Georgian property at 159 Gipps Street, which was built in 1862.
Jellis Craig Bennison Mackinnon agents Iain Carmichael and Nathan Waterson announced it on the market at $1.47 million with two remaining bidders seeking the terrace. The plain face red brickwork Little Parndon features three bedrooms, two bathrooms and a self-contained studio apartment.
Little Parndon had been the townhouse of former governor-general Lord Casey and Lady Casey. Since Lady Casey's 1983 death Little Parndon had been periodically occupied by visiting artists, according to the East Melbourne Historical Society.
Lady Casey, the editor and co-writer of Early Melbourne Architecture, which was published in 1953, helped Melbourne's emerging conservation movement.
The 180-square-metre terrace, Little Parndon was constructed by Ravenscroft and Oldfield for von Guerard who was born in 1811 in Vienna and died in 1901 in London.
{yoogallery src=[images/stories/2013/05/may27eastmelbourne]}
After emigrating to Australia from Austria, von Guerard was one of Australia’s most renowned landscape artists and was influential to the Australian romantic landscape painting. 
Von Guerard added a rooftop studio to the house in 1866 having often painted the country properties of the rich for earnings to build his house.
{yoogallery src=[images/stories/2013/05/may27eastmelbournetwo]}
After Von Guerard moved back to Europe in 1882, Robert Sparrow Smyth, an entrepreneur and manager of musicians was the next owner, followed by John H. Daley.
The property was then home to Australia’s 16th Governor General Lord Casey and Lady Casey from 1939.
Meanwhile one of von Guerard's paintings, <a href="https://www.bonhams.com/auctions/21362/lot/17/" target="_blank">The farm of Mr Perry on the Yarra</a> goes to June 26 Bonhams auction as part of the Grundy Collection sale with $900,000 plus hopes. It was painted in 1855. The Perry family's farm Fulham Grange at Alphington on the Yarra River, is unique amongst von Guerard's works as it was the artist's first commission in the colony and it depicts not just an early homestead (a genre von Guerard would later make his own) but one that was also a working farm, vineyard and nursery.
The land was still untamed bush when Englishman Richard Perry and his wife Elizabeth first took it up in the early 1850s, creating a farm, market garden, vineyard and after a time, a tree nursery, eventually known as Perry's Nursery Garden and Orchard.
The Southern Highlands, NSW-based Grundy's say they have too many paintings in storage and they wish for others to get to enjoy their ownership.
Little Parndon was listed by the Casey estate through <a href="https://www.jelliscraigbm.com.au/property/EAST-MELBOURNE-159-Gipps-Street/5527689/#.UZ7TpuBAt6o" target="_blank">Jellis Craig Bennison Mackinnion Armadale</a> with an initial price guide of $1.4 million, which was around its reserve price.
The median house price in <a href="/news">East Melbourne</a> is $1,950,000, according to RP Data.
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Little Parndon, the East Melbourne gem sells as Eugene von Guerard painting set for auction from Reg and Joy Grundy collection

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One Towers Road, Toorak, owned by former JPMorgan Australia chairman Brian Watson, has been finally sold.
It was listed in October 2011 with $26 million record-setting expectations, then relisted last November with reportedly upwardly revised $30 million hopes.
Property Observer gathers the Victorian price record remains intact with the 2010 Portsea clifftop sale of Ilyuka for $26 million.
And the sale of the Georgian-style mansion on Towers Road, Toorak also fell short of the previous Melbourne record of $24 million. Property Observer gleans its sold for around $21 million, a very healthy result.
The $24 million Toorak record was set in 2010 when soft-drink magnate Harry Stamoulis bought his Toorak property.
One Towers Road, Toorak, last traded when Brian Watson secured the 3,900 square metre property in July 2001.
It was the notorious sale that left Amanda Elliott, tycoon John Elliott's then wife, seemingly a little shell-shocked as to her continued occupancy of the 115-square manor. 
"It was apparently something I wasn't involved in," she told reporters after word of the sale had been reported by then Age property writer Antony Catalano in the morning paper. Elliott bought the home in 1989 for the then record price of $7.25 million.
Its Kay and Burton listing agent Michael Gibson has been tight-lipped on the details of the latest sale reportedly to a Melbourne local.
A sold notice went up on realestate.com.au some 10 days before its initial Fairfax Media report which originated from bullish Sydney, hence the some what naive suggestion of a $25 million sale which has since been repeated by the Australian Financial Review. By week's end Fairfax Media were describing their revised $21.5 million sale estimate as a "bargain" price.
Michael Gibson did however advise that Kay &amp; Burton has had "nine sales in the past 10 weeks ranging between $8 million and $20 million."
The Watson family bought the six bedroom <a target="_blank" href="/news">Toorak</a> property in 2001 for $11.1 million, a then record-setting price from businessman John Elliott.
The price the empty-nester Watson family had only recently returned to Melbourne after living for more than 12 years in New York where he headed investment house JP Morgan's equity capital markets group.
The highest known sale in Toorak this year was about $16.65 million when property developer and architect Gabor Hubay and wife Roni sold their sprawling 3 Macquarie Road estate after it was listed last November. The Hubay-designed five bedroom, seven bathroom house with a theatre, a gym and a seven-car basement garage, sits on a 2100-square-metre property.
It was listed by Michael Gibson and Ross Savas of Kay &amp; Burton.
Last October the investment fund manager Ron Dewhurst sold 7 Landale Road for about $17 million, which was the reported highest sale of 2012, and the only Toorak house to sell for more than $15 million since the 2010 boom. 
Dewhurst , who now lives in New York, purchased the Georgian home in 2003 from former television personality Steve Vizard for $6.4 million. It was bought in the recent sale by the chief executive of the pharmaceuticals supplier Ascent Pharmahealth, Dennis Bastas.
 
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Other sales this year include the reputed $15 million sale of Hong Kong-based expat Malcolm Dumenil's custom-built three-storey mansion at 59 Hopetoun Road (pictured below).
{yoogallery src=[images/stories/2013/06/june17hopetoun]}
It was marketed as a blend of the Roman, French and Art Nouveau styles through Jeremy Fox at RT Edgar. Dumenil, chief executive at the Hong Kong-based conglomerate Chiaphua, bought the property for about $2.2 million in 2001.
It came with five bedrooms, a cinema with a bar, two kitchens, plus five-car basement garage, gym and steam room.
Other recent prestige sale include 59 St Georges Road which did not get as far as an expressions of interest. It came with pool and court. It was sold by Paula Crouch, the wife of the former NAB executive Ian Crouch who had $11 million plus hopes for the Neo-Georgian mansion.
"You wouldn’t have expected that six months ago," said Koren and Morell buyer advocates noted on its speedy sale.
It was last traded in 2002 when bought from wealthy property developer Sam Tarascio for $6.75 million.
Ian and Paula Crouch head the international consultancy firm, Reveal Group.
Another Toorak mansion on Clendon Road, which belonged to the Rowsthorn transport family, sold for $11.5 million in quick time in April through Kay &amp; Burton. 
The large six-bedroom home (pictured below) of Mary Rowsthorn at 35 Clendon Road sold just a week after it was advertised.
{yoogallery src=[images/stories/2013/03/march22toorak]}
It had been renovated by designer Michael Munckton after the Rowsthorn's purchased it in 2002 from Ken and Gail Roche for $5.2 million. Its interiors were undertaken by Christopher Thomas from Thomas and Alexander interiors.
The 1,842-square-metre property boasts manicured gardens, an outdoor pool and tennis court and an outdoor dining space.
The property faces west so upstairs boasts views to the city.
“It has been the most amazing family home for the four children, but it's time for me to move onto the next adventure,” Rowsthorn says.
The property was listed by Andrew Baines and Michael Gibson from Kay and Burton.
Sales have so far alluded Peter Devitt, owner of the L. U. Simon building business, who listed his Toorak mansion by private sale last November with $20 million plus hopes complete with <a href="https://www.propertyobserver.com.au/residential/the-beautiful-rose-16-st-george-road-toorak-remains-listed/2013061662258?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=propertyobservertv" target="_blank">Kay &amp; Burton film presentation</a>.
Devitt's 16 St Georges Road house sits on 4257 square metres. Mr Devitt and his wife, Joanne, paid $4.4 million in 1997. 
The Toorak mansion of the event promoter Andrew McManus was under recent offer, but has yet to sell.
It didn't sell at its 2011 and 2012 marketing campaigns.
<a target="_blank" href="https://www.rtedgar.com.au/?pagecall=property&amp;propertyID=2345819&amp;agentID=952&amp;realestate=8_Myoora_Road_TOORAK_VIC_3142&amp;showGoBack=true">The Myoora Road house</a> (pictured below) last sold in 2008 mid-construction for $8.75 million.
{yoogallery src=[images/stories/2013/05/may27toorak]}
It was listed this time through Paul Pfeiffer and Jeremy Fox at RT Edgar Toorak who had noted buyer interest around $11 million.
The house, with a 12-car garage, had been initially commissioned for construction in 2007 by David Fox, the youngest son of trucking magnate Lindsay Fox, who sold before the property was completed.
There’s also a study, gym, home theatre, billiards room and cabana and pool on its 1,389-square-metre block. The RP Data median house price in <a target="_blank" href="/news">Toorak</a> is $2,687,500.
<img height="57" width="470" src="/images/stories/2013/05/trophyhomesstrapone.jpg" alt="trophyhomesstrapone">
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