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 REIV has issued a list of the suburbs in Melbourne that have a median house price in excess of $1 million.
It covers all sales in the past year.
The REIV notes due to some suburbs small size or low volume of sales on a quarterly basis a median house price may not be suitable for calculation, however using sales over the year ensures a more representative picture.
In the 12 months ending May 2013, Melbourne had 42 suburbs with a median house price in excess of a million dollars.
<table><tbody><tr>
<td>EAST MELBOURNE DEEPDENE TOORAK CANTERBURY BRIGHTON RED HILL SOUTH ARMADALE ST KILDA WEST MALVERN HAWTHORN KEW SOUTH YARRA ELWOOD MIDDLE PARK CAMBERWELL BALWYN EAGLEMONT PARKVILLE CAULFIELD NORTH ALBERT PARK IVANHOE EAST RED HILL CAULFIELD HAWTHORN EAST GLEN IRIS SURREY HILLS ELSTERNWICK KANGAROO GROUND PORTSEA HAMPTON SANDRINGHAM PRINCES HILL MONT ALBERT BRIGHTON EAST KEW EAST BLACK ROCK MALVERN EAST YARRAMBAT BALWYN NORTH IVANHOE ALPHINGTON FLINDERS</td>
<td>$2,600,000 $2,512,500 $2,225,000 $1,800,000 $1,750,000 $1,687,500 $1,660,250 $1,487,500 $1,471,500 $1,426,500 $1,380,000 $1,360,500 $1,342,000 $1,340,000 $1,331,500 $1,315,000 $1,310,000 $1,280,000 $1,278,750 $1,276,250 $1,270,000 $1,250,000 $1,247,500 $1,215,500 $1,200,000 $1,191,500 $1,160,500 $1,155,000 $1,150,000 $1,132,500 $1,103,000 $1,098,250 $1,095,000 $1,075,000 $1,060,000 $1,050,000 $1,050,000 $1,045,000 $1,033,500 $1,020,000 $1,017,500 $1,010,000</td>
</tr></tbody></table>
 
The REIV's Robert Lorocca noted the north eastern suburbs was one area with increasing million dollar sales including Eaglemont <a target="_blank" href="https://www.realestateview.com.au/real-estate/melbourne/north-east/eaglemont/" title="Eaglemont Property for Sale">Eaglemont</a>, <a target="_blank" href="https://www.realestateview.com.au/real-estate/melbourne/north-east/ivanhoe-east/houses-for-sale/" title="Ivenhoe East Property for Sale">Ivanhoe East</a>, <a target="_blank" href="https://www.realestateview.com.au/real-estate/melbourne/north-east/ivanhoe/houses-for-sale/" title="Ivanhoe Houses for Sale">Ivanhoe</a> and <a target="_blank" href="https://www.realestateview.com.au/real-estate/melbourne/north-east/alphington/houses-for-sale/" title="Alphington Property For Sale">Alphington</a>.
"These suburbs all have one locational feature in common; they have a frontage to the Yarra River."
The REIV noted there were no suburbs with million medians with the most expensive one in the year ending May, being Malvern at $987,500.
Source: <a target="_blank" href="https://www.reiv.com.au/en/Property-Research/Median-Prices/Million-dollar-suburbs">REIV</a>
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jchancellor-FAypfDUnLy

East Melbourne tops Melbourne's 42 million dollar property suburbs: REIV

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As we batten down the hatches to get through a cold and wet winter, Property Observer takes a look at nine of the most alluring fireplaces that will have you reaching for the marshmallows.
At the top of the list, Calibre menswear fashion owner Gary Zecevic's 1920s <a target="_blank" href="https://www.propertyobserver.com.au/trophy-homes/calibre-menswear-fashion-owner-gary-zecevic-lists-1920s-toorak-home/2013050961180">English Tudor style Toorak mansion</a> features a large stone fireplace (pictured below) in the lounge room.
<img src="/images/stories/2013/06/toorak_0002_3.jpg.jpg" width="470" height="313" alt="toorak_0002_3.jpg">
It also includes several elegant fireplaces in other rooms.
The property features five bedrooms, five bathrooms and has been featured in Belle magazine.
Property Observer previously <a target="_blank" href="https://www.propertyobserver.com.au/trophy-homes/dodo-founder-larry-kestelman-seeks-to-exhume-brighton-trophy-home-market-with-%2412-million-plus-listing/2013053161814">reported</a> on this house listing – owned by Dodo founder Larry Kestelman – but the unique fireplaces were hard to go past.
Located in the beachside suburb of Brighton, this <a target="_blank" href="https://www.realestate.com.au/property-house-vic-brighton-113916571">mansion</a> boasts two suspended pivoting ellipsoid open wood fireplaces (pictured below) and one pebble open fireplace.
<img alt="fireplacejune14one" height="348" width="470" src="/images/stories/2013/06/fireplacejune14one.jpg">
The property includes five bedrooms, eight bathrooms and a Vodka bar.
A four-bedroom, four-bathroom home <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-avalon-113392875">on Chisolm Avenue in Avalon</a> has also incorporated a suspended revolving fireplace (pictured below).
<img alt="fireplacejune14two" height="350" width="470" src="/images/stories/2013/06/fireplacejune14two.jpg">
It is located in the dining and lounge area, which opens up to an outdoor entertaining area overlooking the Pittwater.
Two hours down the road in Far Meadow, this <a target="_blank" href="https://www.realestate.com.au/property-acreage+semi+rural-nsw-far+meadow-113323439">farmland homestead</a> features an open plan living pavilion with a central double-sided fireplace (pictured below).
<img alt="fireplacejune14three" height="350" width="470" src="/images/stories/2013/06/fireplacejune14three.jpg">
The double-sided fireplace sits between the lounge and dining, which are surrounded by glass doors and windows offering views of the farmland, ocean and mountain ranges.
A <a href="https://www.realestate.com.au/property-house-nsw-paddington-113972247" target="_blank">Victorian terrace</a> in Paddington has been untouched for almost 50 years and offers five ornamental fireplaces.
<img src="/images/stories/2013/06/fireplacejune14four.jpg" width="470" height="348" alt="fireplacejune14four">
Located on Brown Street, it is the first time the three-bedroom home has gone on the market since the 1960s.
 
<hr class="system-pagebreak">
In contrast to this, a <a href="https://www.realestate.com.au/property-house-wa-city+beach-113787331" target="_blank">modern two-storey home</a> in City Beach WA features a floor to ceiling marble feature gas fireplace (pictured below) in the formal lounge room.
<img src="/images/stories/2013/06/fireplacejune14five.jpg" width="470" height="352" alt="fireplacejune14five">
The property also features four bedrooms and three baths.
A <a href="https://www.realestate.com.au/property-house-nsw-stanmore-113925703" target="_blank">Victorian terrace</a> in Stanmore New South Wales features original twin marble fireplaces and high ceilings in the lounge and dining room.
<img src="/images/stories/2013/06/fireplacejune14six.jpg" width="470" height="348" alt="fireplacejune14six">
With interiors by Greg Natale, the four-bedroom home has recently been featured in Belle magazine.
Although they don’t feel the chill as much as the south, a retreat in the Tamborine Mountains Queensland has its guests feeling cosy all year round.
The property features six villas and a three-bedroom residence, each with their own log fireplace.
The main building features the <a href="https://www.realestate.com.au/property-acreage+semi+rural-qld-tamborine+mountain-111632279" target="_blank">Grand Guanaba Room</a> with a large stone fireplace (pictured below), sitting in front of three large windows overlooking the rainforest.
<img src="/images/stories/2013/06/fireplacejune14seven.jpg" width="470" height="345" alt="fireplacejune14seven">
Last but not least, <a href="https://www.realestate.com.au/property-house-vic-mornington-113915539" target="_blank">Combe Martin</a>, located on the Esplanade in Mornington features intricate marble open fireplaces throughout the neo Tudor style home.
<img src="/images/stories/2013/06/fireplacejune14eight.jpg" width="470" height="350" alt="fireplacejune14eight">
The home is named after the seaside village hamlet in North Devon England.
A marble fireplace is located in the billiards room, sitting room and the gentleman’s mahogany library.
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ntrotman-Et3xWpamVh

Nine of the most alluring fireplaces as we face a cold and wet winter

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Matt and Jane Martino who were 2004 contestants on the reality television show The Block have listed their ultra-modern Armadale family project home with $1.995 million hopes through Marshall White agent James McCormack.

The three-bedroom <a href="https://www.marshallwhite.com.au/5567013/" target="_blank">Fetherston Street</a> residence (pictured below) comes with floor-to-ceiling windows onto the paved courtyard.

[smartcode_project:default project_id=26734]

Matt Martino has <a href="https://www.propertyobserver.com.au/https://martinogroup.com.au/developments/21" target="_blank">his own development firm </a>as he was a restaurant manager during the series. The firm has undertaken projects in Glen Iris and Richmond.

<img alt="martinojune14one" height="380" src="/images/stories/2013/06/martinojune14one.jpg" width="470">

Above: Matt Martino's sketch of the Fetherston Street house.

The Fetherston Street block cost $775,000 in 2011.

The 78 Valley Parade, Glen Iris property (pictured below) sold for $1.72 million in early 2012. It was described as modern family home without being cold and minimalist.

<img alt="gleniris" height="292" src="/images/stories/2013/06/gleniris.jpg" width="470">

The 32 to 34 Jubilee Place, Richmond industrial home had raw concrete walls and exposed steel beams soaring up three levels.

The couple walked away from their Block experience all but empty-handed when their top floor apartment only just met the $795,000 reserve.

They were however compensated with the car they won after being named the most popular couple on the Channel Nine reality show in a viewer poll.

They got married while filming the second series of the Block at Manly in Sydney.

<img alt="trophyhomesstrapone" height="57" src="/images/stories/2013/05/trophyhomesstrapone.jpg" width="470">
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Matt and Jane from The Block list their $1,995 million Armadale project home

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The trendy inner city suburb of South Yarra, just four kilometres south east of the Melbourne CBD, was the top performing Melbourne suburb in 2012, according to the latest Victorian Property Sales report prepared by the office of Victorian valuer-general Robert Marsh.
It led a strong but patchy recovery in the Melbourne property market in the final quarter of the year, with Metropolitan Melbourne sales statistics show an increase of 4.8% for median house prices to $495,000 following a 1.6% decrease in the September quarter.
South Yarra, home to the glitzy shopping strips of Chapel Street and Toorak Road, registered a 19.9% increase in its median house for the December 2012 quarter compared with the previous corresponding period.
The South Yarra median house price increased from $1,037,500 in the December quarter of 2011 to $1,243,500 in the December quarter of 2012 with 158 sales recorded over 2012.
Over the December quarter the South Yarra median house price increased by 25.6% from 36 sales.
Other inner city suburbs to record strong annual quarter-on-quarter gains were Malvern (up 10.8%), Footscray (10%) and Fitzroy North.
However, there were also significant corrections in some prominent inner city suburbs with Toorak, Melbourne's most expensive suburb, recording a 15.9% annual correction with its median house price falling from $2.68 million from $2.26 million with 113 sales recorded over 2012.
There were also an 11.5% decline in St. Kilda (103 sales) and an 11.3% decline in South Melbourne (105 sales).
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/06/metromelbournejune13one.gif" title="Click to enlarge"><img src="/images/stories/2013/06/metromelbournejune13onethumb.gif"></a>
“The data does not indicate the general location of the 4.8% increase in metropolitan Melbourne housing values,” says Marsh.
“It does indicate the need for data analysts to undertake their own detailed research,” he added.
However, the overall trend was for an increasing number of suburbs to record increases in their median house prices.
“It has generally been observed that there are fewer suburbs showing a decrease in median house price in the December 2012 quarter compared to the September 2012 quarter,” says Marsh.
The December quarter figures show that 134 metropolitan suburbs with 10 or more sales showed a decrease in median house price for this quarter, compared to 182 suburbs in the September 2012 quarter.
In addition, 77 metropolitan suburbs with 10 or more sales in both of the last two quarters shifted from showing a median price increase for the September 2012 quarter to a median price decrease for the December 2012 quarter compared with 112 metropolitan suburbs shifting from an increase in the June 2012 quarter to a decrease in the September 2012 quarter.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/06/metromelbournejune13two.gif" title="Click to enlarge"><img src="/images/stories/2013/06/metromelbournejune13twothumb.gif"></a>
 
<hr class="system-pagebreak">
In the Western suburbs, the strongest annual gains were in Altona (up 3.4%) and Derrimut (2.6%) but with steep falls in Keilor East (-9.5%) and Sunshine (-5.8%).
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/06/metromelbournejune13three.gif" title="Click to enlarge"><img src="/images/stories/2013/06/metromelbournejune13threethumb.gif"></a>
In the outer-western suburbs,  Taylors Hill house prices lifted 12.6% followed by Hillside up 9.1%. However Werribee median house prices fell 6.6% over 2012 and by 4.4% in Tarneit.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/06/metromelbournejune13four.gif" title="Click to enlarge"><img src="/images/stories/2013/06/metromelbournejune13fourthumb.gif"></a>
In the outer-eastern suburbs, Heathmont recorded a 6.8% rise, but Wantirna prices fell 6.9%.
Click to enlarge
<a rel="shadowbox" href="/images/stories/2013/06/metromelbournejune13five.gif" title="Click to enlarge"><img src="/images/stories/2013/06/metromelbournejune13fivethumb.gif"></a>
 
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lschlesinger-FZcF9M3vE6

South Yarra shines with 19.9% annual rise as part of patchy Melbourne median house prices recovery: Victoria valuer-general report

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A globe trotting family has listed their four-bedroom home in Brighton for $2.65 million in a plan to move closer to the Melbourne CBD.
Located on Downes Avenue, the 927-square-metre property sits opposite the Kamesburgh Gardens. 
The home features two reception rooms, a separate bar room, four bathrooms and floor to ceiling glass doors lead to an outdoor terrace.
A pool house with a kitchen, sauna and bathroom accompanies the outdoor heated pool.
The property was purchased in July 2007 for $2.5 million.
Vendor Zac Rosenberg works in the bank industry and met his wife in Singapore.
They have since lived in London, Tokyo, Singapore and Hong Kong and have three children.
The home was rented out for $1,800 a week during 2011 before the family returned back to Melbourne in 2012.
The property is listed through Stewart Lopez and Bert Geraerts of <a target="_blank" href="https://www.kayburton.com.au/property/16-downes-avenue-brighton">Kay and Burton</a> after it had been listed for June 1 auction.
Initial price expectations were $2.4 million.
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Four-bedroom home in Brighton seeks $2.65 million

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A Romanesque Revival former aged care facility in Kew has been listed for sale with a price guide of $4 million-plus.
Located on the corner of Fellows and Barry Street, Fairholme, also known as Hallel was built in 1889 for local solicitor Edward Smart by Reed, Henderson and Smart architects.
It was added to in circa 1900 by C Gordon McCrae and features a wrap around Edwardian verandah, ornate ceilings, restored cornices and timber paneling.
The property was most recently known as the Gracecourt Hostel aged care facility, featuring 27 rooms and 24 ensuites across 2,185 square metres.
Classified by the National Trust, Fairholme offers the opportunity to be restored into a family home or to continue as an aged care facility, subject to council approval.
Listing agent Robert Fletcher says there has been a lot of interest, particularly from buyers wanting to renovate and extend the home and some wanting to utilise some of the existing accommodation.
Fairholme is listed through <a target="_blank" href="https://fletchers.net.au/3466698/20-Fellows-Street-Kew">Robert Fletcher and Nick Fletcher of Fletchers Realty</a>, with expression of interest closing June 19.
The median house price in <a target="_blank" href="/news">Kew</a> is $1,360,000 according to RP Data.
<img alt="trophyhomesstrapone" src="/images/stories/2013/05/trophyhomesstrapone.jpg" width="470" height="57">
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Gracecourt Hostel, aka Fairholme and Hallel, in Kew trophy home in the making listing

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The Geelong economy and property market have again been cast into the spotlight following concerns about the number of jobs retailer Target will cut.
Around 1,000 people are employed by Target at its Geelong office.
No announcement has yet been made about how man jobs will be cut, but the retailer has confirmed Geelong jobs will be lost. The cuts were anticipated as part of a company review after Target owner Wesfarmers revealed an earnings downgrade for the discount retailer for the 2013 financial year.
It follows Ford Australia’s announcement last month that it would close its <a target="_blank" href="https://www.propertyobserver.com.au/victoria/first-ansett-collapse-now-ford-plant-closure-threatens-broadmeadows-property-market-ford-fordaustralia/2013052361599">Geelong production plant in 2016</a> with the loss of around 500 jobs.
There is also uncertainty around the future of workers at Shell’s Geelong refinery. The enterprise employs around 450 people as well as contractors.
Shell Australia announcing in April that it would seek to sell the refinery by the end of 2014 as part of its efforts to dispose of smaller, less profitable refineries. Should a buyer not be found Shell may be forced to close the refinery. Converting the refinery to an import terminal has also been muted.
A further 500 jobs at Alcoa's unprofitable Point Henry aluminium smelter with the American-owned enterprise considering cuts worldwide. Alcoa had planned to shut the smelter down last year before receiving a $40 million bail out from the Victorian and Federal governments.
The potential loss of more than 2,00 jobs (more when contractors and affiliated employment are factored in) has been tempered by news that Geelong has been chosen as the headquarters of the new DisabilityCare agency for the National Disability Insurance Scheme (NDIS), which will employ around 300 people plus another 150 in the regional office.
The NDIS will commence in the Barwon area on July 1 with the Victorian government to invest more than $300 million over the first three years of the scheme.
Victorian premier Dennis Napthine says the agency will be located in Geelong's CBD but has not been able to guarantee all jobs will go to local workers.
Local estate agents Property Observer has spoken to emphasise that Geelong is now a far more diversified economy then its manufacturing-heavy tradition
Nick Lord, an estate agent from Maxwell Collins, anticipates a limited impact from the closure of the Ford plant.
He says Geelong has grown to have strong employment in areas such as education and health “to name just a few”.
He says the city has changed over the recent years with people “continuing to commute to Melbourne for work whilst enjoying the Geelong lifestyle”.
Hotspotting.com.au’s Terry Ryder –a big believer in the potential of regional city property markets for growth, provided they have diversified economies - says new ventures in the pipeline will counter-balance the economic impact of the closure of Ford and other potential job losses in Geelong.
These include the Regional Rail Link and the plan to make Avalon the second international airport for Melbourne.
Ryder says Geelong will continue to have a “strong future as an affordable lifestyle alternative to Melbourne, with improving transport links to the City”.
However, some estate agents have warned the job cuts will impact on the sentiment of homeowners, buyers and investors.
Peter Nell from Stockdale &amp; Leggo Geelong says the Ford announcement  would affect the confidence of all types of purchasers.
"The concerns are obviously employment, as Shell, Alcoa and now Ford have all turning their backs on this town," he says.
But, he believes Geelong has so much to offer that he is sure "we will figure a way to create different forms of employment".
"But we need to do something now, not in 2016," he says.
The April 2013 Real Estate Institute of Victoria (REIV) update on Geelong, the Surf Coast and Queenscliff has house prices up 2.6% to $390,000 over the year to April, but unit prices down by 4.7% to $305,000 over the same 12 month period.
The figures are based on properties sold in the previous 12 months, updated on a rolling monthly basis.
REIV spokesperson Robert Larocca says housing is more affordable in Geelong and it has a very good appeal due to the more country feel and access to the bay, but adds that the health of any property market is “directly linked to the health of the economy”.
“As a result if the closure of Ford leads to reduced economic growth and less employment then it will have a negative impact on the market. It really depends on the region finding a replacement for the economic activity provided by Ford and its suppliers. Thankfully there is a strong and resilient local community,” he says.
To mitigate the impact of the Ford closure and other job losses, there are already state and federal government initiatives underway.
Victorian premier Denis Napthine announced last month that he will lead a special ‘Premier’s Ford Taskforce’ aimed at generate new job opportunities for workers and communities affected by the Ford announcement.
Napthine says the taskforce will take action to diversify economies, build confidence and encourage investment in Geelong and the Northern Metropolitan area of Melbourne.
One of its first initiatives is a Jobs Summit taking place in Geelong on June 19 with the aim of identifying ways to further diversify the Geelong economy.
The Federal government has also committed to providing an extra $15 million to the $52 million joint Commonwealth and State Government jobs package for Geelong.
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Target jobs uncertainty throws spotlight back on Geelong property market

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The Mohonga mansion in South Yarra has been sold, but without price disclosure. It was the longtime home of the late Peter Rand, the highly eccentric millionaire property investor.
Court hearings in the Victorian Supreme Court were underway earlier this year regarding the estate, the latest chapter in the litigious history of the estate of Peter Thomas Evan Rand, now in its 15th year. He was the son of the late Sir Thomas Rand and <a href="/news/vic/mohonga-south-yarra-underbelly-trophy-home-sells">the South Yarra property's name</a> is derived from pastoralist relative, Robert Rand's Mohonga station in regional NSW.
Peter Rand owned and operated brothels and court records suggest he preferred to minimise, even avoid, his obligations to pay tax.
Officially Rand left an estate declared in the probate application at $19 million, comprising mostly Victorian real estate.
The seven-bedroom Domain Road property built in the 1920s by architect Irwin Stephenson was the city abode - owned by Rand since the 1960s.
Situated on 1,058 square metres, the property features five bathrooms, two kitchens, several living rooms and an upstairs terrace with views to Richmond.
In 1993, Rand made the news by paying almost $700,00 for the property next door to cut down a tree that was blocking his own house’s view.
The South Yarra property was listed through Carla Fetter of <a href="https://www.jelliscraigbm.com.au/property/SOUTH-YARRA-268-&amp;-268B-Domain-Road/5478299/#.Ua6BauBAt6o" target="_blank">Jellis Craig Bennison Mackinnon Armadale.</a>
Mohonga was part of a $50 million property portfolio which also included the Sisters estate in Sorrento which sold to the Shelmerdine family for $19 million in 2008.
There was an older-style 42 apartment complex that fetched $11 million on Power Street, Hawthorn in 2008.
Numerous specific devises and bequests were made by the will with the residue held on trust principally for, as to income for life, Douglas Claiborne and Michael Aquilina, each of whom had an intimate personal relationship with Rand.
Mr Aquilina lived with Rand in South Yarra. Mr Claiborne, who abused drugs and could not responsibly look after money and property, then lived in Hawaii, according to a 2012 court judgement by Justice Dixon after issues arose with apartments in Hawaii and Thailand.
Rand outlaid $1.189 million purchasing the five Hawaiian apartments. Three of these apartments were in Aloha Towers, the other apartments were in Aloha Lani and at 444 Nahua Street, Honolulu. Rand also acquired two condominiums in the Jomthien Complex Condotel in Thailand.
Mark "Chopper" Read in his autobiography wrote that if Melbourne ever had a true Mr Big of crime, of vice at any rate, then Peter Rand deserved the championship belt. He wrote somewhat colourfully that Mohonga was <a href="https://books.google.com.au/books?id=NjWgeUz7E5gC&amp;pg=PT1882&amp;lpg=PT1882&amp;dq=chopper+read+peter+the+poof+rand&amp;source=bl&amp;ots=zoyxth7Nzw&amp;sig=A2yO_ign3Fa_o-1Uzfs1dahFtg0&amp;hl=en&amp;sa=X&amp;ei=ky-xUZ3dFu-ViQeD84GgDA&amp;ved=0CCoQ6AEwAA" target="_blank">"fortress like." </a>
Title Tattle reckons standby for an Underbelly mini series.
Interestingly the patsoralist Robert Rand was a character too. Many stories are told of his ability to handle cattle, and it is said on one occasion he astonished drovers who came to take delivery of a mob of fat cattle by insisting on doing the cutting-out himself at the various cattle camps, and he did it without either stockwhip or dog, merely walking his horse through the mob.
Then there was a report that an alleged son of the Robert Rand made a claim on "the great property of the deceased" in 1895.
Rand had resided at Mohonga in the Urana district for about 46 years having taken up the property in 1849. Rand, who had landed in the colonies from Hadleigh, Suffolk as a mere boy, was known at Albury as a bacholor. He died aged 75 years intestate, the only attempt at a will in 1852, but never signed. The reported total value which included Mohonga and Urangeliue stations was about £500,000. The claimant stated the deceased had married before leaving England that he separated from his wife, but there was issue by the marriage.
But Australian News suggested that the claim he was married before arriving in Australia was the height of absurdity. And nor did the deceased ever return to England after coming to Australia. Too busy building his sheep numbers up to 290,000 presumably.
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Mohonga, South Yarra "Underbelly" trophy home sells

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A double-fronted Edwardian residence in Melbourne’s bayside suburb Middle Park was last week’s most expensive sale, selling at auction for $3.93 million, according to RP Data.
James Buyers Advocates says there was a large crowd of 180 at the June 2 auction.
Situated on 456 square metres, the home (pictured below) features four bedrooms, two baths and a double-storey extension.
{yoogallery src=[images/stories/2013/06/june5middlepark]}
Guy Angwin of James Buyer Advocates says although recently undergoing renovation, the property needed a rebuild to turn it into a modern floor plan.
The buyer's advocate Richard Kerr offered $3,050,000 which setting off some 60 subsequent bids between four bidders. At $3,550,000 the Middle Park property was announced as on the market.
It was knocked to the first bidder, an owner-occupier, at $3,930,000.
The property was listed through Oliver Bruce and Nicholas Hoo of Marshall White.
Its previous sale prices included $842,500 in 1999 and $621,000 in 1997.
The median house price for <a target="_blank" href="/news">Middle Park</a> is $1,371,000, according to RP Data.
The top ten most expensive sales:
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/63_nimmo_street_middle_park_vic_3206/11777852">63 Nimmo Street, Middle Park, VIC, 3206</a>, four-bedroom house, sold at auction on June 2 by Marshall White &amp; Co for $3.93 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/20_weeroona_avenue_woollahra_nsw_2025/7743787">20 Weeroona Avenue, Woollahra, NSW, 2025</a>, five-bedroom house, sold at auction on May 29 by Richardson &amp; Wrench Double Bay for $3.3 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/4_cheyne_walk_castlecrag_nsw_2068/1789553">4 Cheyne Walk, Castlecrag, NSW, 2068</a>, five-bedroom house, sold at auction on June 1 by L J Hooker Castlecrag for $3.27 million. <a target="_blank" href="/news">It was unrenovated</a>.
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/11/56a_pirrama_road_pyrmont_nsw_2009/14515647">11/56A Pirrama Road, Pyrmont, NSW, 2009</a>, three-bedroom unit, sold on June 1 by Feldi Property Agents for $2.9 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/312_albert_road_south_melbourne_vic_3205/13094171">312 Albert Road, South Melbourne, VIC, 3205</a>, five-bedroom house, sold at auction on June 1 by Hocking Stuart Albert Park for $2.855 million. It had last sold at $2.2 million in 2007.
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/37_bent_street_paddington_nsw_2021/5261867">37 Bent Street, Paddington, NSW, 2021</a>, three-bedroom house, sold prior to auction on June 1 by McGrath Estate Agents for $2.4 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/33_suffolk_avenue_collaroy_nsw_2097/1891835">33 Suffolk Avenue, Collaroy, NSW, 2097</a>, five-bedroom house, sold at auction on June 1 by McGrath Estate Agents for $2.4 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/383_esplanade_henley_beach_sa_5022/9783975">383 Esplanade, Henley Beach, SA, 5022</a>, three-bedroom house, sold at auction on June 1 by Ray White Henley Beach for $2.385 million 
<a target="_self" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/113/19_hickson_road_dawes_point_nsw_2000/7252224">113/19 Hickson Road, Sydney, NSW, 2000</a>, three-bedroom unit, sold on May 28 by McGrath Estate Agents for $2.38 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/4b_duke_street_balmain_east_nsw_2041/1261722">4B Duke Street, Balmain East, NSW, 2041</a>, three-bedroom house, sold on May 29 by Bresicwhitney Estate Agents Darlinghurst for $2.2 million
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Double-fronted Middle Park Edwardian residence fetches $3.93 million: RP Data

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A new Martin Friedrich-designed townhouse in South Yarra has been listed for sale with a price guide of $2.25 million-plus.
The Cliff Street residence features four bedrooms and three bathrooms.
Situated near the Chapel Street retail strip, the home boasts European oak flooring, a gourmet marble Miele kitchen and a rooftop terrace.
The property also features a multi-coloured outdoor pool with a water feature.
The 166-square-metre allotment housed a duplex when bought in September 2009 for $680,000. The duplex was later half demolished.
The remaining half of the duplex was incorporated into the new residence, which required an extra floor to be added underground.
The townhouse took more than two years to build.
The home is being sold via expressions of interest closing June 18 through Gary Ormrod and Darren Lewenberg of <a target="_blank" href="https://kayburton.com.au/property/51-cliff-street-south-yarra">Kay and Burton South Yarra.</a>
The median house price in <a target="_blank" href="/news">South Yarra</a> is $954,550, according to RP Data.
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