A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Joel Robinson

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

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.

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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?

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

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<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

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Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

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Lowe Living set new Melbourne off the plan apartment record

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Asian buyers continue to buy into Melbourne’s eastern suburbs – in particular the suburb of Balwyn – for the sake of their children’s education.
It is that fundamental desire that makes a suburb like Balwyn so attractive to this core buying constituency.
Balwyn – a picturesque suburb located 10 kilometres east of the CBD – is home to 2,861 residents of Chinese descent, out of a population of 12,944, according to the 2011 census.
The median house price is $1,280,000, and there is ample public transport infrastructure, particularly trams.
Jellis Craig Balwyn director Richard James says the majority of Chinese buyers purchase in high school zones and close to public transport routes that will take their children safely to school.
Balwyn is located in the Whitehorse school zone.
Living within a particular school zone means a place is reserved for you at schools within that zone.
Children may attend schools outside of the school zone they live in, but it depends on the number of vacancies available.
James says Chinese buyers generally buy new properties or properties that have been significantly renovated.
The suburb offers Balwyn High School, but close by are a dozen other secondary schools, including Box Hill High and Canterbury Girls School.
James says Balwyn has developed a large Chinese community and is viewed as a safe place to live.
"People coming from another country feel very safe," he says.
"Balwyn is a very family-orientated location and gets a lot of recommendation from friends and family."
James mostly sells to those with permanent residency, but occasionally sells to people with temporary status or offshore buyers, who are subject to approval by the Foreign Investment Review Board (FIRB).
Balwyn agents say school zoning influences are as important as ever, with Tom Ryan from Jellis Craig Balwyn saying the agency always has buyers wanting to buy in the zone due to the quality of education offered to their children, and the associated price is extremely reasonable.
That’s despite the price rise, especially around 2007, when property commentator Mark Armstrong noted that the price point was pushing some buyers towards Mount Waverley and Glen Waverley.
“You will always get some people who simply cannot afford the Balwyn High zone," says Ryan.
"That situation has not changed over the last 10 years but the amount of people wanting the Balwyn area is always very solid.”
"As long as the school maintains its reputation the sales will continue to flourish, regardless of the prices," says Ryan.
A <a href="https://www.realestate.com.au/property-house-vic-balwyn-112964511" target="_blank">three-bedroom, one-bathroom home</a> on Tonkin Avenue (pictured below) sold on March 2 for $1,252,000.
<img alt="balwynmarch12one" height="353" width="470" src="/images/stories/2013/03/balwynmarch12one.jpg">
Located within the Balwyn High School zone, it was the first time the home was offered in over 30 years.
Situated on 694 square metres, the sale was closed by Steve Chharia from Allens Real Estate Doncaster East.
On the higher end of the spectrum, a <a href="https://www.realestateview.com.au/Real-Estate/5-belmont-avenue-balwyn/Property-Details-sold-residential-4950000" target="_blank">four-bedroom, three-bathroom home</a> (pictured below) sold in the suburb last week for $1,825,000.
<img alt="balwynmarch12two" height="313" width="470" src="/images/stories/2013/03/balwynmarch12two.jpg">
Located only seconds from the Whitehorse Road tram and situated on 752 square metres, the sale was closed by Noel Jones Balwyn.
A <a href="https://www.realestateview.com.au/Real-Estate/2-10-henry-street-balwyn/Property-Details-sold-residential-4947722" target="_blank">two-bedroom, one-bathroom unit</a> on Henry Street sold on March 2 for $912,000.
The unit boasts a secure gated entry, two alfresco courtyards and is located within the Balwyn High School zone.
Marshall White Armadale closed the sale.
Balwyn has had a steady start to the year with a clearance rate of 69% from 29 auctions and Balwyn North has a clearance rate of 73% from 22 auctions.
REIV's policy and public affairs manager Robert Larocca says these rates are spot-on the Melbourne average at the moment of 70%, but it is too soon to draw comparisons.
The average household size in Balwyn is three persons, and family households account for about 70% of the population, according to RP Data.
For more on the allure of Australian property to Asian buyers, <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-australias-allure-for-asian-residential-property-investment">download our free eBook. </a>The eBook is also available for<a target="_blank" href="http://propertyobserver.com.au/ebooks/australias-allure-for-asian-residential-property-investment-free-ebook"> free download in Chinese.</a>
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Balwyn’s school zone continues to draw Asian buyers

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The rural homestead, The Rest, situated in the historic town of Flinders on the Mornington Peninsula <a href="https://www.realestate.com.au/property-house-vic-flinders-113030755" target="_blank">has been listed for auction</a> on March 17.
Located only 300 metres from the beach, the house is thought to be built in the 1890s and is in its original, unrenovated form.
It has retained the vintage aesthetic of the era, characterised by its high ceilings, classic detailing and an arched hallway.
Owned by the late Bob Boynton, a former Australian yachting champion, the house features four bedrooms and two bathrooms sitting on a generous half a hectare block, complete with a private garden.
Kay and Burton Real Estate agent Paul Armstrong, who is marketing the homestead, notes the declining number of similar large properties in the suburb.
“There are very few holdings left in the Flinders region that offer blocks of this size,” he says.
Armstrong believes the property will fetch between $1.75 million and $2 million when it goes to auction.
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Late yachting champ's Mornington rural retreat set for auction

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Pollster Gary Morgan doesn't need to take a poll. The Melbourne prestige market is bouncing back a bit. Earlier this month Gary Morgan was the highest bidder when $5.155 million was secured in an East Melbourne auction.
Contested by four bidders, in front of a crowd of 150, its Nelson Alexander listing agent Arch Staver opened with a vendor bid of $3,950,000 for the historic, Claverings.
The first bidder came at $4 million, then $4,050,000. The third bidder came with a bid of $4,125,000.
They were after the chance to become <a href="https://www.nelsonalexander.com.au/properties/buying/east-melbourne-120-powlett-street" target="_blank">the home's third owner </a>as just two families had the property over the past 139 years.
There were 14 rooms comprising up to five bedrooms, along with three formal rooms, a separate consulting/home office suite of three rooms, with reception and waiting room with separate side access.
Also an original cellar and garage and workshop with space for up to six cars on its 752 square metre allotment.
The James Buyer Advocates report on the auction action noted increments of just $5,000 came as the pace slowed at $4,325,000.
The vendors were back with a $4.4 million bid, but soon the final bidder came in at $4,710,000 with two then battling it out to its $5,155,000 hammer price.
"There was jubilation and commiseration offered to the two crowd champions before Mr Staver thanked the crowd for the lively competition and directed the successful bidder into his new home," buyers agent Josie Wagstaff noted.
The pollster Gary Morgan is now about to list his historic East Melbourne mansion in George Street.
The chairman of Roy Morgan Research has engaged Jock Langley of Abercromby on the marketing with The Age saying about $10 million is being sought for the two-storey Victorian designed by architect Charles Webb in 1864.
At that price its considered one of the best houses in East Melbourne.
<div>Meanwhile Mal James of James Buyer Advocates says Melbourne's $3 million plus segment is still something of a mixed story.  </div>
<div>
 In a recent sale James pointed to "a very strong result" at Toorak Road West, South Yarra", which had four bidders and sold under the hammer for, $4,365,000. It was the Alannah Hill offering.
But James noted "some non-events."
He says there are a lot of homes in the price segment were still left unsold from last year, "so it could take a bit of time to clean up that overhang."
James noted, with very few truly trophy homes in the mix, that it won’t be known until Easter if the top end is on its merry wa?y.
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Pollster Gary Morgan to test bounce back in Melbourne's prestige residential market

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Certain Victorian suburbs deemed to have significant local character will be protected from towering apartment developments as part of changes to residential zoning.
Residential zones 1,2 and 3 will be replaced by neighbourhood residential, general residential and residential growth zones.
The 'neighbourhood residential' zone, billed as the strictest zoning in Australia, was created to ensure that any developments in areas with character that are of predominately single and double storey residences “respect the identified neighbourhood character, heritage, environmental or landscape characteristics".
New residential developments will have an eight metre height limit, if there is no other height limit in the area, as well as lot size restrictions.
The zone also allows for easier approval of medical centres and convenience stores to cater to an aging population.
The zone prohibits brothels, cinemas, nightclubs, certain retail premises, offices and others.
The boundaries of the zoning will be revealed with its implementation on July 1.
“This is the first time we will have a zone to genuinely protect neighbourhoods from inappropriate development,” planning minister Matthew Guy told The Herald Sun.
“It provides mandatory controls for councils on the numbers of lot, and on height – it is a very strong zone and it will help communities protect their streetscapes.”
Higher density residential development and office and retail projects will be restricted to the other two new zones – general residential and residential growth.
The reforms may prove unpopular with developers depending on where the boundaries fall.
“Melbourne is home to many important thoroughfares and activity centres which are ideal locations for appropriate housing developments,” Property Council of Australia state executive director Jennifer Cunich told The Herald Sun.
“It is important these areas be zoned correctly in order to provide housing choice for our growing population.”
Guy told The ABC the criteria councils will use to determine the new zones will be developed over the next two months.
"We will work with the Municipal Association and councils to make sure we have a criteria that looks at heritage issues, environmental issues, areas around existing transport links," he said.
The general residential zone will allow moderate housing growth and diversity with a nine metre height limit. The residential growth area will allow for medium density unit developments and will enable minor commercial uses.
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New Victorian zoning rules to keep high-rise developers out of heritage suburbs

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A large crowd of eager bidders and onlookers is expected to gather at the corner of Lygon Street and St Phillip Street this Friday when a rare Lygon Street corner property goes to auction in  Melbourne's Italian food heartland.
Property investors and restaurateurs seeking a trophy retail property asset are likely to be among those bidding for the vacant shop and upstairs residence to be auctioned at noon on March 8.
<img alt="lygonmarch6one" height="351" width="470" src="/images/stories/2013/03/lygonmarch6one.jpg">
"We have received over 100 enquiries and sent out around 15 contracts," says Colliers International agent Tom Noonan who is marketing the property alongside colleague Jeremy Gruzewski.
Noonan expects a price in excess of $2 million.
The 70 Lygon Street property stands at on the corner of Lygon and St Phillip Streets. It comprises 226 square metres of space, of which 75 square metres is ground floor retail on a site measuring 230 square metres. 
The second floor has a three-bedroom residence. 
It has stood vacant since being acquired by the owners of DOC Pizza in late 2010. 
The owners had planned to turn it into a restaurant or café but never went ahead with these plans. 
It previously operated as a florist, which is the signage that remains on the building. 
According to RP Data the property was last listed for rent in October 2010 at $75,000 per annum. 
A sale price of $2 million would equate to a yield of around 3.75% if tenanted. 
In October last year, the historic Lygon Street premises of <a target="_blank" href="https://www.propertyobserver.com.au/retail/lygon-street-premises-of-donatis-fine-meats-slices-records-with-emotion-driven-%24289-million-auction-sale/2012103057521">Donati’s Fine Meats</a> sold for $2.89 million at auction, with a private investor paying nearly $1.4 million above pre-auction expectations – a yield of just 2.3% amid “emotionally-driven” bidding. 
Gruzewski and Noonan also marketed the Lygon Street butchery last year. 
“The sale of the Donati’s premises last year represented only the third commercial property to change hands on Lygon Street in the past two and a half years,” says Noonan. 
“The opportunity to be part of the vibrant, popular precinct that is Lygon Street doesn’t come along often, so when it does, interest is high. 
“We are expecting this new listing to attract strong interest from food and beverage retailers keen to be part of the gentrification of this pocket of Melbourne’s northern suburbs. 
“Serious foodies are now venturing into the north, following the lead of quality restaurants and cafes such as Hellenic Republic, Albert Street Food and Wine and Pope Joan.” 
“This is a versatile property suited to an investor, owner-occupier or developer.
“Vacant possession is also beneficial to investors who are looking to lease out the tenancy as it allows for immediate occupation. The location and current configuration would suit a number of tenancy profiles,” says Noonan.
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Vacant Lygon Street shop goes to auction with $2 million plus hopes

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Investors who placed funds in investment property schemes associated with former South Yarra property developer Mark Ronald Letton may soon receive their first payments since the appointment of receivers more than three years ago.
KPMG joint receivers and managers Damian Templeton and Philip Hennessy, appointed by a Federal Court to properties associated with Letten schemes in February 2010, have notified investors and other claimants that they intend to declare an interim distribution. “It is not yet clear what amount, if any will be available for distribution,” said Templeton in a notice placed in today's The Age and Herald Sun.
ASIC believes that more than 1,000 investors placed more than $100 million in the projects managed by Letten and promoted through a number of companies associated with Letten, particurlarly LGH Administration Pty Ltd and LGH Holdings Pty Ltd.
The investments were made between 1998 and 2010.
<a href="https://www.propertyobserver.com.au/industry-news/melbourne-property-developer-mark-ronald-letten-facing-criminal-charges-over-alleged-unregistered-investment-scheme/2011121452844">Schemes managed by Letten</a> include the Healesville Walk Shopping Centre Joint Venture in Victoria, Reef House Resort in Palm Cove, Queensland and the Yarra Valley Golf Joint Venture in Chirnside Park.
The possibility of investors receiving a payment follows the receivers selling a number of properties in joint venture schemes operated by Letten.
Properties sold by administrators include 167-173 Flinders Lane, a five level office and retail building on the corner of Hosier Lane, which sold for $13.31 million in July 2010, the Glen Centre, retail and offices on Glenferrie Road in Hawthorn, which sold in August 2010.
Investors and claimants must submit a formal proof of claim or investment confirmation form to the receivers by March 25 (or have done so in the past) to participate in the possible interim distribution.
Letten, an accountant and director of LGH Holdings Ltd, is alleged to have promoted and sold investments in commercial property joint venture projects that were required to be registered as managed investment schemes under the Corporations Act.
He is facing 21 counts of operating unregistered managed investment schemes, one count of carrying on a financial services business without an Australian Financial Services (AFS) licence, and 15 counts of obtaining financial advantage by deception involving approximately $1.4 million.
He has been granted conditional bail to appear at the Victoria Country Court on March 20, 2013 for a directions hearing.
Action against Letten dates back to February 2010, when the Federal Court appointed Damian Templeton and Phillip Hennessy of KPMG as receivers and managers to the property of the 18 unregistered managed investment schemes and their related companies and ordered that the schemes be wound up.
The court orders follow an application made by ASIC to the Federal Court on February 2010 for the schemes to be declared unregistered and for receivers to be appointed to the properties in the schemes.
Detailed information for investors can be found on a <a target="_blank" href="https://www.kpmg.com/AU/en/services/Advisory/Transactions-Restructuring/Restructuring/Letten/Pages/Default.aspx">dedicated KPMG - Letten website.</a>
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Interim payment likely for Mark Letten property scheme investors: KPMG receivers

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A five-bedroom, four-bathroom home in Brighton has sold at auction for $6.2 million.
The home, on 1467 square metres across two titles, attracted just the two bidders. Its auctioneer Leigh Hallamore started the auction of the Victoria Street offering by accepting a $4.9 million offer according to the James Buyer Advocates attendee Kristen Hatt.
<img alt="brightonmarch5one" src="/images/stories/2013/03/brightonmarch5one.jpg" width="470" height="313">
Then followed a $5 million second bid.
Announced as on the market around $5.8 million, bidding slowed at $6,000,000 with the second bidder offering another $20,000.
<img alt="brightonmarch5two" src="/images/stories/2013/03/brightonmarch5two.jpg" width="470" height="313">
Then followed another $180,000 taking the sale price to $6.2 million through <a href="https://www.buxton.com.au/?page=why_us&amp;title=Why%20us" target="_blank">Buxton agent Brian Devlin</a>. It had been listed unsuccessfully in early 2012. The expansive family/informal dining and living room had sliding glass walls opening out to Japanese-inspired gardens with tennis court, pool and entertaining area. The last acquistion cost $1.51 million in 2003. It came with parking for five cars.
<img alt="brightonmarch5three" src="/images/stories/2013/03/brightonmarch5three.jpg" width="470" height="313"> 
Below is a list of the ten most expensive sales in Australian capital cities in the past week, as recorded by RP Data.
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/26_victoria_street_brighton_vic_3186/10024489" target="_blank">26 Victoria Street, Brighton, VIC, 3186</a>, five-bedroom house, sold at auction on March 2 by Buxton Real Estate Brighton for $6.2 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/778_orrong_road_toorak_vic_3142/13587970" target="_blank">778 Orrong Road, Toorak, VIC, 3142</a>, five-bedroom house, sold at auction on March 2 by Marshall White Real Estate Armadale for $3.615 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/4_lachlan_avenue_sylvania_waters_nsw_2224/6645593" target="_blank">4 Lachlan Avenue, Sylvania Waters, NSW, 2224</a>, five-bedroom house, sold at auction on March 2 by Ray White Sylvania Waters for $3.47 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/53_shirley_road_roseville_nsw_2069/5961523" target="_blank">53 Shirley Road, Roseville, NSW, 2069</a>, four-bedroom house, sold at auction on March 2 by McConnell Bourn Estate Agents Lindfield for $3.415 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/4_cooper_street_paddington_nsw_2021/5263895" target="_blank">4 Cooper Street, Paddington, NSW, 2021</a>, four-bedroom house, sold at auction on March 2 by GoodyerDonnelley Real Estate Woollahra for $3.23 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/1173_barrenjoey_road_palm_beach_nsw_2108/5301608" target="_blank">1173 Barrenjoey Road, Palm Beach, NSW, 2108</a>, three-bedroom house, sold at auction on March 2 by McGrath Estate Agents for $3.2 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/47_york_street_st_kilda_west_vic_3182/13287147" target="_blank">47 York Street, St Kilda West, VIC, 3182</a>, four-bedroom house, sold at auction on March 2 by Marshall White Real Estate Armadale for $3.13 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/4_glenbrook_avenue_malvern_east_vic_3145/11591950" target="_blank">4 Glenbrook Avenue, Malvern East, VIC, 3145</a>, six-bedroom house, sold at auction on March 2 by RT Edgar Booroondara for $2.97 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/126_bellevue_road_bellevue_hill_nsw_2023/1367147" target="_blank">126 Bellevue Road, Bellevue Hill, NSW, 2023</a>, four-bedroom house, sold at auction on February 26 by Real Estate Redefined Double Bay for $2.755 million
<a href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property-overview/14_liguria_street_south_coogee_nsw_2034/6255697" target="_blank">14 Liguria Street, South Coogee, NSW, 2034</a>, four-bedroom house, sold on February 27 by Black Lifestyle Property Randwick for $2.65 million
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Brighton's $6.2 million offer tops the week's sales 

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Mirvac has spent four decades developing its client base and branding, as much as its impressive residential property portfolio.
Now it has launched a project-specific brand loyalty-royalty scheme for their returning or new clientele.
Their offering, Black Label by Mirvac, accompanies Mirvac’s Array apartment tower at Yarra’s Edge. The campaign comes complete with a one-off, Array-inspired couture garment; Reflection, created for Array by Bowie, with the gown aiming to reflect the architectural beauty of the tower, and to capture the movement and evolving moods of the Yarra, which spelt backwards is Array.
<img height="620" width="470" src="/images/stories/2013/03/mirvacmarch4one.jpg" alt="mirvacmarch4one">
Mirvac launched its on-going loyalty program set for purchasers suggesting it presented a gateway to a "lifestyle of culture, fashion and luxury" through collaborations with premium brands.
<a target="_blank" href="https://www.arraybymirvac.com/black-label">The </a><a target="_blank" href="https://www.arraybymirvac.com/black-label">Black Label by Mirvac</a> partners include furniture and design powerhouse, Coco Republic, which will deliver a range of bespoke interior design services for Array purchasers during March. The March buyer will received a $20,000 choice of fitout.
The other major partners include BMW, Bang &amp; Olufsen, Mont Blanc, Georg Jensen, De’Longhi, Moet Hennessy and Tag Heuer, which will offer Array purchasers access to style, design and VIP experiences extending well past the initial March offering.
<img height="268" width="470" src="/images/stories/2013/03/mirvacmarch4three.jpg" alt="mirvacmarch4three">
The fusion of  fashion and architecture comes in an eight kilogram Swarovski crystal dress design collaboration with the Paris-bound couture fashion designer, Bowie Wong, who is known for his high-end couture aspirational signature garment designs.
"Mirvac has always been an aspirational developer," says Mirvac residential chief, John Carfi.
"It is through collaborating with leaders in culture and design that are synonymous with Mirvac’s reputation for elegance, style and luxury that we’re able to create a value offering that’s completely unique to Array."
<img height="430" width="470" src="/images/stories/2013/03/mirvacmarch4four.jpg" alt="mirvacmarch4four">
The loyalty offering program, officially launched last week, runs throughout March with the current other, with later offers to be available for its participants. To date, <a target="_blank" href="https://www.propertyobserver.com.au/developments/half-of-apartments-in-mirvacs-array-development-in-docklands-sold/2013021459351">50% of apartments at Array have sold</a>, with works on site now underway. Full settlement is expected in 2015. While more than half the sub-penthouses have been sold, its two $8 million penthouses remain on the market.
Buyers get to decide on their fitouts with the apartments labelled various aspirational cities including the Paris, London or New York options.
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Nothing backward about Mirvac's Black Label loyalty offering at Array

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An expatriate Neighbours fanatic living in the UK paid $867,000 to secure his second 'Ramsay Street' house at weekend auction.
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Andrew Whitney, who directs a private jet and helicopter charter flight company in the UK, outbid seven for the Pin Oak Court, Vermont South offering.
Also known as 30 Ramsay Street, the home of Jarrod 'Toadie' Rebecchi, it was offered through <a href="https://www.barryplant.com.au/property.cfm?propertyID=2272561" target="_blank">Barry Plant Real Estate</a>.
The former Blackburn North resident bought another Pin Oak Court house 16 years ago before moving to the UK.
Mr Whitney told the Herald Sun that he knows the street better than anyone.
"I record every episode of Neighbours," he said.
It was sold by the downsizing vendor Faye Pierce, with the buyer able to join the other court residents who are paid a substantial annual fee by the show's producers in agreeing to avoid changes to their facades without consultation and allowing external regular filming.
<a href="/news">The four-bedroom home was built with her husband in 1973</a> with its expansive covered rear deck having elevated views over Billabong Park.
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Neighbours fanatic buys second 'Ramsay Street' house

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There's three serious highrises now competing for buyers in Melbourne.
None are struggling for attention as they are all the highest in their own right.
It follows the late 2012 go-ahead for CEL Australia’s $170 million Tower Melbourne which will boast 555 apartments (and townhouses) across 71 storeys.
The 220-metre tower will be the tallest residential building in the central business district, though not the tallest in Melbourne.
The proposed plan for the corner of Bourke and Queen streets has an an expected completion date in 2016. 
The Tower Melbourne skyscraper (pictured below) has been designed by local architects at Elenberg Fraser and features thin, undulating glass construction. The building is set to be just shorter than the iconic blue glass Rialto Tower, which rises to 250 metres at the Southern Cross station end of Collins Steet.
<img src="/images/stories/2013/03/towermelbournemarch1.jpg" width="470" height="460" alt="towermelbournemarch1">
Architect Callum Fraser from Elenberg Fraser describes Tower Melbourne as “a city-defining project” in a marketing video.
Already Tower Melbourne has been heavily marketed to “cashed-up Chinese investors”, who consider Melbourne a safe place to park new-found wealth.
The developer CEL Australia, a subsidiary of Singapore-based Chip Eng Seng Corporation Ltd, is using real estate agents with networks in the Chinese investor market.
Sunny Lu from Professionals City told The Age her customers in China viewed super-high-rise buildings as prestigious.
Property Observer reported on the Tower Melbourne project back in October last year, when Melbourne lord mayor Robert Doyle called the Singaporean developer “a bit cheeky” after it began marketing before the project was approved.
Doyle, labeling it “too big”, opposes highrise for the sake of high rise records.
The lord mayor was back in the news this week labelling the ambitious Australia 108, the touted tallest highrise in the southern hemisphere, as too high.
Raising concerns it could overshadow the Shrine of Remembrance, Cr Doyle, a Shrine trustee, said the mooted 108-storey Southbank apartment and hotel tower exceeded the city council's height limits. The council's Future Melbourne committee is to consider a report on Australia 108 next Tuesday.
Architects Fender Katsalidis, who designed the nearby Eureka Tower, are behind the Australia 108 project, which would be the world's 18th tallest building at 70 Southbank Boulevard.
On its November unveiling, Property Observer noted its had <a href="https://www.propertyobserver.com.au/victoria/australia-108-has-a-few-hurdles-to-overcome-before-its-the-southern-hemisphere-s-highest/2012111157754" target="_blank">a few hurdles to overcome </a>before fruition.
It's scheduled for mooted late 2015 completion and it doesn't actually have planning approval, but the developers of the Australia 108 tower (picture below) in Melbourne's Southbank precinct are inviting buyer registrations at $1,000 a pop. Prices are already been released starting at $425,000 for one-bedroom apartments and from $575,000 for two-bedroom apartments. Its three bedrooms are priced from $775,000.
<img alt="australia108march1" height="478" width="470" src="/images/stories/2013/03/australia108march1.jpg">
<a href="https://australia108.com.au/" rel="nofollow" target="_blank">The 108-storey project</a> will be 388-metre skyscraper high above Melbourne's Yarra River.
At the northern end of town, the developer Brady Group is currently marketing its proposed 226-metre tower at 500 Elizabeth Street, near Queen Victoria Market.
The proposed 72-level tower gained approval for its current design in April last year. 
Marketing for the 524-apartment complex is in full swing, with advertisements being placed online and at the site. Prices for apartments ranged from $381,000 to $3 million. Vision (pictured below) has mostly three-bedroom apartments and penthouses with only a small number of one-bedroom apartments.
<img alt="visionmarch1" height="940" width="470" src="/images/stories/2013/03/visionmarch1.jpg">
The Eureka Tower in Southbank is Melbourne’s tallest tower, rising to 297 metres.
“When Tower Melbourne is completed it will be just one of 12 buildings above 200 metres in the central Melbourne area. Thus any suggestion of it being too tall is somewhat perplexing,” suggested minister Matthew Guy earlier this year.
For more on the allure of Australian property to Asian buyers, <a href="http://propertyobserver.com.au/ebooks/free-ebook-australias-allure-for-asian-residential-property-investment" target="_blank">download our free eBook. </a>The eBook is also available for<a href="http://propertyobserver.com.au/ebooks/australias-allure-for-asian-residential-property-investment-free-ebook" target="_blank"> free download in Chinese.</a>
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