Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

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Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

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?

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Victorian planning minister Matthew Guy has approved plans to build the tallest highrise in the southern hemisphere, despite concerns it will cast a shadow over the Shrine of Remembrance.
Australia 108, a proposed 108-storey apartment and hotel tower, came under fire from Melbourne Lord Mayor Robert Doyle who said it could overshadow the Shrine of Remembrance and that at 388 metres it exceeded the city council's height limits.
The tower will be 91 metres higher that the Eureka tower.
Guy announced on Twitter this morning that he had approved the $600 million development saying he had no objection from the Shrine trustees and that it would provide hundreds of jobs while taking pressure off existing suburbs.
<img src="/images/stories/2013/03/guymarch18one1.jpg" width="470" height="260" alt="guymarch18one1">
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.
According to The Age, the project is backed by private investors Nonda Katsalidis, Benni Aroni, Adrian Valmorbida, Ian Fayman, Gary Caulfield and Mark Hopkinson.
Apartments in the building start at $425,00 for a 1 bedroom unit, $575,00 for a two bedroom and $775,00 for a three bedroom. There will be 664 apartments.
<img src="/images/stories/2013/03/guymarch18two.jpg" width="400" height="831" alt="guymarch18two">
The building will feature a six star hotel with 288 rooms from levels 83 to 101 with two restaurants and two bars which will feature glass floors looking straight down to the ground.
The building will include landscaped terraces above the carpark, a pool and gym, a theatre seating up to 40 people, a function room, a library, a business centre and a fresh food market and a café.
Work on the project is due to start later this year.
In a press release issued later, Guy said the building will be an outstanding addition to the Melbourne skyline.
"I am proud to approve a tower that will define our city for many years to come and which I am sure will become as iconic a Melbourne landmark as Flinders Street Station or Federation Square," Guy writes. "The Australia 108 mixed-use tower will be an icon both visually and for those who will live in it, stay at its hotel, dine at the level 84 Sky Lounge or visit the level 108 Star Bar.
"Towers such as Australia 108 are consistent with the Coalition Government's drive to concentrate high-density development in defined areas and out of existing, quiet neighbourhoods. "Every apartment in this tower is one less apartment in an existing quiet neighbourhood."
Q1, in the Gold Coast is the current tallest building in the southern hemisphere at 323 metres, followed by the Eureka Tower in Melbourne at 265 metres, 120 Collins Street in Melbourne at 265 metres, 101 Collins Street in Melbourne at 260 metres and the Rialto Towers in Melbourne at 251 metres.
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Tallest building in southern hemisphere approved for Melbourne

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The owners of Victoria’s oldest homestead, Emu Bottom at Sunbury, are seeking long-term tenants for the heritage-listed Georgian cottage that sits on 24 hectares.
It was 1968 when Hedley Elliott and his wife Jan bought the property, which was then on the distant outskirts of Melbourne, for $120,000 from the Stringer family. They are the fifth owners of the homestead.
At the time they purchased the property it had been called Holly Green – a name given by Harry Webb since the early 1900’s as it was his dairy cattle stud name.
The homestead has also had other names, originally called Emu Bottom by George Evans but renamed Emu Vale shortly after his death by his wife.
It was for a time named Invargargyll when it was owned by a Brigadier General Clark.
After purchasing the property, one year was spent doing restoration work with the help and advice of architects, John and Phyll Murphy and in early 1970, Emu Bottom Homestead was opened as a tourist attraction by the governor of Victoria, Sir Rohan Delacombe, operating for the period of 1970 – 1975 with about 90,000 visitors anually.
Although Emu Bottom Homestead no longer operates as a tourist attraction, the property hosts corporate events.
The story of <a target="_blank" href="https://www.emubottom.com.au/about_emu_bottom/contact.htm">Emu Bottom Homestead </a>began on August 30, 1835, when the schooner Enterprise sailed up Port Phillip Bay, with George Evans on board. After exploring the area, he chose to settle 40kms from the city in 1836 where he built the handsome stone building now known as Emu Bottom Homestead.
The Elliotts hope to see a major company “take it to its next level” by taking out a lease for up to 40 years, The Australian Financial Review reported.
<a target="_blank" href="https://www.prh.com.au/pol/property/search.asp?f_propertyID=1973831&amp;xsl=2146&amp;f_st=1&amp;f_ct=&amp;f_ps=2">Expressions of interest close April 30 through Peter Hawkins at Pat Rice &amp; Hawkins</a>.
George Evans named his homestead 'Emu Bottom' because he had settled in the low lying ground of the valley well frequented by large flocks of emus.
At this time there were 5000 sheep and well as other live stock grazing  on the large parcel of land on which George Evans had claimed as his 'run'.
Towards the end of the 1850s, Evans purchased the Royal Oak in Queen Street, Melbourne, when his spacious squattage was reduced in size to 640 acres. He became licensee of the hotel from 1861-1865 and he lived next door until his death in 1876.
The <a href="/news">Sunbury</a> property comes with a 1854 woolshed that was relocated in 1970 from a property called Runnymede owned by the Laidlaws at Sandford near Casterton in the Western District.
The homestead dining room was built as an addition to the homestead in 1989.
The slab hut came to this site in 1971 almost from Whroo, once a gold mine area.
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Emu Bottom, Sunbury seeks long-term corporate tenants

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A 1914-built Gothic Revival Church in Dunkeld, 250 kilometres west of Melbourne, has been listed for auction by the Uniting Church.
The Church is selling <a href="https://www.domain.com.au/Property/For-Sale/Rural/VIC/Dunkeld/?adid=2010325412" target="_blank">the property</a> following moves to consolidate all church congregations in the town into a single premises.
<img alt="dunkeldmarch15one" height="348" width="470" src="/images/stories/2013/03/dunkeldmarch15one.jpg">
The vendors are expecting about $125,000 for the property, consisting of two buildings, the church and a church hall, on two separate titles over 4,000 square metres.
The church is constructed from locally made bricks on a freestone base from Mount Abrupt in an early English Gothic revival style, according to heritage documents. It was designed by architects Clegg, Miller and Cain and built by E. H Patterson of Hamilton.
<img alt="dunkeldmarch15four" height="314" width="470" src="/images/stories/2013/03/dunkeldmarch15four.jpg">
“The church has a rectangular plan of four bays divided by buttresses, no porch and no chancel or vestry,” heritage documents say.
“The gabled roof is pitched at 60 degrees and is clad with corrugated iron. Architectural details are elaborated in cement render, now painted white. The facade is symmetrical about the front door which is timber and double leaved. Above the door there is a large tripartite window under a simple hood mould. The side windows are treated as single lancets.”
The cypresses in front of the church date back to its construction.
The church replaced an earlier timber church on the property which was built in 1867.
<img alt="dunkeldmarch15three" height="314" width="470" src="/images/stories/2013/03/dunkeldmarch15three.jpg">
It started life as a Wesleyan Church under the Hamilton circuit, later coming under the Penshurst Circuit and finally as the church increased in popularity it become the centre of the Dunkeld Circuit, according to heritage documents.
In 1902 it became a Methodist church and only became a Uniting Church in the late 1970s.
In 2002 a heritage survey found the church was in excellent condition and retained a high degree of integrity.
<img alt="dunkeldmarch15two" height="314" width="470" src="/images/stories/2013/03/dunkeldmarch15two.jpg">
“Several additions and changes have been made to the interior of the church since its construction in 1914. These include the erection of an honour roll above the pulpit in 1919, which records the names of those who served and fell in World War One; changes to the lighting system from petrol lamps to electricity in 1939; carpeting the isles and the sanctuary; a communion table and the erection of a Latin Cross in 1959 above the pulpit, relocating the honour roll to the west wall,” heritage documents say.
It will be sold with all its internal architecture such as the pine lined flooring, timber lined ceilings and a series of historic leadlight windows but excluding its pews which the vendors will attempt to return to the families of the original donors.
The church hall, built at a later period, is currently used a Sunday school.
The buildings are connected to power, water and sewerage.
The <a target="_blank" href="/news">Dunkeld</a> church goes to auction on April 13 through agent Bart O’Sullivan.
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Dunkeld Uniting Church for auction with $125,000 hopes

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So the Melbourne market has started hot and the pressure is on to make a decision – and make it quick.
There’s a home! Buy it! Deal done – phew!
If that sounds like you, you might want to consider three key issues:
1) Were you born smart or were you born lucky?
2) Are all homes the same i.e. are all investments good?
3) What do you base your actions on?
In answer to the above, I’ve always subscribed to the theory it’s better to be lucky than smart.
And, in answer to point 2, if you think all homes are the same, then you had better be lucky because that’s not smart.
Which brings me to point 3 – your actions. What makes you do what you do?
If you’re like me then a lot of what you do is habit – you follow a routine, even if it’s not that good for you. My after dinner routine goes something like this: around 8.00pm I feel like a chocolate – I tell myself that I’m a bit overweight and that chocolate is not helping me, but then I go to the fridge and get a chocolate and then I eat it. I feel good for a short time and then...
I’ve received a cue, I’ve made a decision, I’ve acted and I have achieved an outcome. But it’s a routine decision rather than a good one.
Is making a decision on buying a home for you much different from making a decision on eating a chocolate?
It goes like this: you receive a cue (that look from across dining room table when there simply isn’t enough room for your growing family) – you follow a routine (hop on the internet, ring your bank manager) and you seek a reward (sometimes that reward results in more <a href="https://marketnews.com.au/tag/children/" rel="tag" title="Posts tagged with Children" target="_blank">children</a>, but that’s another story).
So back to where we started, the Melbourne market has started hot and, oh my god, it’s time to panic.
Is there a better way?
The answer is undeniably – yes!
For you to act, you first of all have to make a decision. But it’s the quality of the decision that will determine the quality of your outcome.
So how is a quality decision made? Is it based purely on information?
To buy <a href="https://marketnews.com.au/tag/property/" rel="tag" title="Posts tagged with Property" target="_blank">property</a> in Melbourne’s $3m-plus segment you certainly do need quality information – although that can be hard to find in this secret world where almost everything is undisclosed.
But even if you do have access to quality information, is that all there is to buying a home well?
All information alone does is help you make an intuitive decision.
For many people, their whole life is based on intuition. Intuition is what they rely on to make decisions, because no better conduit is in play. And guess what, most of those types of decision-makers live in the outer <a href="https://marketnews.com.au/tag/suburbs/" rel="tag" title="Posts tagged with Suburbs" target="_blank">suburbs</a> – cruel but true.
Intuition in home buying, like anything else, can be brilliant – but it can also be a disaster.
Which is why, as you get older, you tend to rely less on intuition alone for the bigger financial decisions.
Just as if I’m needing to make an important legal decision, at 53 I find I’m less into intuitive unqualified legal experts and more into process-driven lawyers.
Which brings me to the second part of good decisions – process.
In home buying, many people just dart around like a pinball out of the slot – reacting to agents, to words, to results, with no manner of reason. You would be so much better off and increase your chances of a good outcome if you just followed a basic process.
Think through these things:
<ul>
<li>What do I want?</li>
<li>Does this home give me what I want?</li>
<li>Is it a good home?</li>
<li>How much would others reasonably expect to pay?</li>
</ul>
A proven complete process we use at James Buyer Advocates is <a href="https://marketnews.com.au/tag/clarity/" rel="tag" title="Posts tagged with Clarity" target="_blank">Clarity</a> – <a href="https://marketnews.com.au/tag/assess/" rel="tag" title="Posts tagged with Assess" target="_blank">Assess</a>- <a href="https://marketnews.com.au/tag/value/" rel="tag" title="Posts tagged with value" target="_blank">Value</a> – <a href="https://marketnews.com.au/tag/negotiate/" rel="tag" title="Posts tagged with Negotiate" target="_blank">Negotiate</a>.
More colloquially you could put that process as: Right home? Any good? How much? How to?
Going back to the lawyers for a second – sure, you could stand up in the court room and defend yourself without any training. But wouldn’t you increase your chances if you knew the rules – if you could follow a process?
Same with doctors – they don’t just make it up as they go along when operating, they follow proven successful processes.
And don’t you think you would get a better result in the first place  in court or in a surgery with an expert doctor or lawyer rather than trying to do it yourself?
The point is that better outcomes come from better decisions. And better decisions are made when a proven process is followed by a qualified expert rather than an inexperienced person relying on intuition.
Intuition is not as effective as expert analysis for many things. That’s the case in your job, and  in pretty much every other profession. It’s the case in selling homes and there is no logical reason why it would be any different when it comes to buying homes.
Using an expert and following a process works better than acting under pressure on intuition alone.
Mal James is principal of<a title="James Buyer Advocates" href="https://www.jamesbuyeradvocates.com.au/" target="_blank" rel="nofollow"> James Buyer Advocates</a>, which advocates on behalf of buyers of property over $1 million. Mal writes weekly auction reports, advice and in-depth market analysis on James' website.
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Process beats intuition when buying property in wake of Autumn auction anxiety: Mal James

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Braeden Lord, the Aussie Farmers Direct chief, and his wife Jo have listed their Kew home.
The renovated home comes with four bedrooms plus a formal living room, a TV room and a study.
It is scheduled for March 16 auction through <a target="_blank" href="https://www.33edgecombestreetkew.com/details">Marshall White agent Nick Ptak</a> with $2.8 million-plus hopes.
The English-style two-storey family residence, set in a quiet position in the prized Studley Park precinct,  sits in Ian Barker-designed gardens.
It has a solar-heated self-cleaning in-ground pool and spa on its 972-square-metre block.
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Braeden Lord lists Kew home

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Three unlikely Melbourne suburbs have appeared on  the Real Estate Institute of Victoria's (REIV) million-dollar suburbs list, but share very few characteristics with well-known $1 million-plus hotspots like inner-suburban East Melbourne and the coastal enclave of Brighton.
In the year ending February 28, REIV’s $1 million suburbs list contained 39 suburbs, including Kangaroo Ground, Warrandyte South and Red Hill South.
Kangaroo Ground is located 26 kilometres northeast of Melbourne’s CBD and has a median house price of $1,062,500.
The average size home is four bedrooms and the suburb population is 1,014.
Not far from Kangaroo Ground is Warrandyte South – 24 kilometres northeast of Melbourne CBD – which has a median house price of $1,325,000.
The average size home is five bedrooms and the population of the suburb is 647 persons.
Towards the Mornington Peninsula sits Red Hill south, with a median house price of $1,687,500.
The average size home is four bedrooms and the population of the suburb is 1,170 persons.
The <a target="_blank" href="https://www.reiv.com.au/">REIV</a>’s Robert Larocca says each of these suburbs are on the edge of the metropolitan area, meaning that proximity to the CBD is not a factor underpinning their high prices.
Larocca says it’s a lifestyle choice to purchase in these suburbs, as buyers could live much closer to the CBD for the same price.
Characteristics that differ from their inner-city counterparts include larger dwellings – four to five bedrooms are the average – and larger blocks.
The average size block in Kangaroo Ground is 14-acres and the median age of residents are 40 years old.
“The higher average age underpins very high levels of home ownership, between 41% to 52%, compared to the city wide average of 33%,” says Larocca.
The three suburbs don’t appear in the quarterly median price series due to their small sizes and their low volume of sales.
Larocca says the trend will likely continue as the city becomes more dense and suburbs in green wedges become comparatively scarce, desirable and expensive.
A five-bedroom, four-bathroom home on Kangaroo Ground-Warrandyte Road is listed for sale for over $2.3 million.
The 40-square-metre home sits on approximately 2.45 hectares.
It has been listed by Morrison Kleeman Estate Agents Eltham and last sold in 2009 for $1.3 million.
<a href="https://www.realestate.com.au/property-house-vic-warrandyte+south-112762831" target="_blank">A four-bedroom home on Green Ridge</a> in Warrandyte South (pictured below) sold on March 8 for around $1.5 million.
<img alt="warrandytemarch13one" height="353" width="470" src="/images/stories/2013/03/warrandytemarch13one.jpg">
It boasts two bathrooms, a heated outdoor pool and spa and a Balinese hut with a wet bar.
The house was built in 2000 and sits on just over 0.4 hectares of land.
A <a href="https://www.realestate.com.au/property-acreage+semi+rural-vic-red+hill-112842655" target="_blank">four-bedroom, two-bathroom home</a> on Paringa Road, Red Hill South (picture below), is currently on the market for offers over $1.7 million.
<img src="/images/stories/2013/03/redhillmarch13one.jpg" width="470" height="351" alt="redhillmarch13one">
Situated on a 5.6-hectare block, the property boasts a tennis court and an orchard.
It has been listed by Blane Paton from Paton Estate Agents Balnarring. 
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Kangaroo Ground among little-known $1 million Melbourne suburbs: REIV

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Property development group Little Projects has sold all 388 apartments in its ILK South Yarra development just as the building topped out at 24 storeys.
To celebrate the company ran a topping out ceremony where a crane hoisted an olive tree on top of the concrete structure while managing director Michael Fox posed for a photo (below).
<img alt="ilkmarch13three" height="313" width="470" src="/images/stories/2013/03/ilkmarch13three.jpg">
The tradition is a somewhat common practise in the construction industry with many skyscrapers and bridges being topped off with an evergreen tree, supposedly for good luck. The tradition is an ancient Scandinavian practise that has been carried on through the ages and popularised by immigrant ironworkers in America.
In this case the ceremony did highlight the wide panorama residents at the top end of the tower would have from their apartments.
According to Little Projects, <a target="_blank" href="https://www.ilksouthyarra.com.au/index">the building</a> is just months of being completed with settlements planned for late July 2013.
<img src="/images/stories/2013/03/ilkmarch13one.jpg" width="470" height="300" alt="ilkmarch13one">
The project will include a landscaped roof garden with barbecues and dining area, a large indoor/outdoor cinema and a swimming pool with a sauna and a gym.
<img src="/images/stories/2013/03/ilkmarch13two.jpg" width="470" height="295" alt="ilkmarch13two">
Fox says the sales of the building outperformed other projects in the area.
“ILK sold out quickly, ahead of other competition in the area. We attribute this to its enviable South Yarra location, iconic building design, outstanding residents’ amenity and the high quality fit out of each of the apartments. We have dedicated some of the best views and spaces in the building to amenity which allows for more of the residents to enjoy,” Fox says.
The company has just launched Central South Yarra, a new project in the Forrest Hill Precinct of <a href="/news">South Yarra</a>.
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Little Projects celebrates sale of all units at South Yarra's ILK development

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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>
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 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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