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.

&nbsp;

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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."

&nbsp;

[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 signature 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." />

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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.

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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.

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"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.

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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.

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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.

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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.

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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.

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<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?

Melbourne developer Samuel Property Group is set to launch Hali Dromana, a rare $120 million townhouse community on the Mornington Peninsula.

Hali Dromana, with 69 bespoke townhomes starting from $1,495,000, is set to transform Dromana’s beachfront at&nbsp;105-111 Point Nepean Road, a near two-hectare site that was previously the former Kangerong Holiday Park and an unused Caltex service station.

<a href="/developers/samuel-property">Samuel</a> Managing Director, Illan Samuel, says&nbsp;<a href="/new-townhouses/hali-dromana-105-111-point-nepean-road-dromana-vic-3936">Hali Dromana</a> is a homage to the beloved 1960s holiday home where Australian summers were defined.

"Hali will give&nbsp;<a href="/developments/dromana-vic-3936">Dromana</a> a fresh identity that will stand the test of time," Samuel says.

&nbsp;

The architectural vision by renowned firm <a href="/architects/cera-stribley-architects">Cera Stribley</a>,&nbsp;combines retro inspiration with a laid-back, contemporary feel.&nbsp;

“Our design for Hali is a tribute to simpler times, with an emphasis on airy, open spaces and natural materials, yet with a level of sophistication that today’s buyer expects,” Dom Cerantonio of Cera Stribley says.&nbsp;

[smartcode_project:default project_id=147112 project_image_fid=330356]

<a href="/project-marketer/blair-property">Blair Property Group</a> Director Darren Blair, who is handling the sales of Hali, says the development brings back that sense of belonging and community you’d find in beachside neighborhoods of the past.&nbsp;

"With the display opening on Pier Street this December, we’re giving buyers a chance to experience firsthand what it’s like to live in a home that embodies both nostalgia and innovation.”&nbsp;

Blair is expecting interest from the local area in particular.

[smartcode_project:default project_id=147112 project_image_fid=330376]

Hali Dromana comprises 69 three and four-bedroom townhouses, a low-maintenance, lock-and-leave opportunity rarely seen in the Mornington Peninsula market.

Samuel Property Group is well-known for delivering quality apartments across some of Melbourne's best suburbs. They're currently delivering Louise, just off St Kilda Rd, which is over 80 per cent sold and is under construction.

“At Samuel Property, we pride ourselves on crafting homes that stand the test of time,” Illan says.

“With Hali, we’re bringing the same level of attention to detail and quality that has earned us our reputation for excellence.”

[smartcode_project_cta:default project_id=147112]

The architectural vision for Hali Dromana, by renowned firm Cera Stribley, combines retro inspiration with a laid-back, contemporary feel

Samuel Property reveals $120 million Mornington Peninsula townhouse development, Hali Dromana

Sunkin Property Group has officially topped out Park House, the first building in&nbsp;<a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>, Victoria’s first Net Zero Community.

Project partners were invited to <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>, a soon-to-be 9.3-hectare neighbourhood featuring landscaped parks, dedicated nature reserves, and a range of amenities. Some facilities will be exclusive to Highett Common residents, while others—like the new two-level public library, part of the Bayside Community Facility—will be open to the wider Highett community.

Park House is Highett Common’s first building to reach height completion, within a precinct that will be home to over 1,000 residences once completed.

The topping out event is a centuries-old tradition with roots in Scandinavia. The practice stems from symbolic ceremonies of respecting the land that has been disturbed throughout the construction process. It is believed the practice will bring good fortune and prosperity to the future site and its residents.

The celebration also presented an opportunity to acknowledge the work and dedication put forth by the project team to reach this level of construction.

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Highett Common is being brought to life by some of the most well-renowned leaders in the industry. <a href="/landscape-architect/tract-landscape-architects">Tract Landscape Architects</a> has been engaged as lead consultant to highlight the importance placed on integrating the development with its natural surroundings.

Working alongside them, the expert design team at <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke Architects</a> has designed indoor and outdoor spaces that pay homage to this naturalised focus. With these designs in hand, SK Construction is leading the charge in the current construction phase, ensuring that Highett Common will be delivered within expected timelines and to a high quality.

Other partners helping to bring the spaces to life include furniture partner, Coco Republic, and project manager, Gallagher Jeffs, who are playing important roles in the new phase.

[smartcode_project:default project_id=108019 project_image_fid=300063]

Sunkin has appointed&nbsp;Delta Group as the head contractor for Highett Common’s next phase, tasked with creating the very first open greenspaces and parklands. Landscape designers at Tract Consultants have curated a vision and masterplan that seamlessly integrates this parkland into the existing natural site, which the team at Delta will now help to realise.

Located on approximately 0.9-hectares, this first stage will see the public open spaces and community park adjacent to the Park House and North Lane brought to life. These spaces will be home to open grassy lawns, as well as nature-inspired playgrounds and ensure that Highett Common’s first residents will have access to community amenities from their move-in day.

[smartcode_project:default project_id=108019 project_image_fid=300077]

Activity and works are underway on-site with practical completion expected by May 2025. This will be followed by a council handover process in time for the move-in of the first Highett Common residents in 2025.

The Park House, over 85 per cent sold, will comprise&nbsp;one, two, and three-bedroom residences.

Future residents will benefit from Highett Common's state-of-the-art amenities, including indoor and outdoor pools, two gyms, wellness hubs, and a public library.

[smartcode_project:default project_id=108019 project_image_fid=300054]

<a href="/developers/sunkin-property-group">Sunkin</a>&nbsp;recently launched the newest stage at Highett Common, <a href="/news/vic/sunkin-reveal-the-mews-collection-highett-commons-latest-release">The Mews Collection</a>, 185 apartments across the next three buildings.

Part of the release is the first opportunity to buy the most high-end apartments in the precinct. The Luxury Collection will comprise 12 luxury apartments designed for owner-occupiers and downsizers.&nbsp;

Located near Highett Station and just a short distance from local shopping centres and Sandringham Beach, Highett Common aims to blend modern living with natural surroundings in a prime location well-connected to Bayside and the rest of Melbourne.

[smartcode_project_cta:default project_id=108019]

Located near Highett Station and just a short distance from local shopping centres and Sandringham Beach, Highett Common aims to blend modern living with natural surroundings in a prime location well-connected to Bayside and the rest of Melbourne

Sunkin tops out first stage of Highett Common neighbourhood

While Melbourne has seen a generational shift of new apartment towers in the last decade, the high-density sprawl is yet to reach Geelong.

Geelong, the harbourside city that has grown significantly due to millions of dollars worth of private and public investment, has only seen a handful of new apartment developments come to life in recent years.

Given the lack of new developments across the city, what has been even more rare has been the availability of new penthouses. That’s what makes the four penthouses atop <a href="/new-apartments/motif-geelong-1-york-street-geelong-vic-3220">Motif</a> Geelong, currently being developed by <a href="/developers/dm-property-icon-kajima">DM Property and Icon Kajima</a>, a golden opportunity for those looking to downsize on the edge of the burgeoning city.

Just four apartments sit on the penthouse level, and offer the ideal lockup and leave lifestyle which has proven scarce in the Geelong region for many years.

The timing of the release is set to benefit downsizers, given the VIC Government's move in October to <a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">scrap stamp duty in the new apartment space for 12 months</a>, a move that is likely to encourage downsizers in particular out of their family homes and into a new, large apartment, without the expensive duty transfer they would have previously paid.

[smartcode_project:default project_id=136615 project_image_fid=311693]

The penthouses, three three-bedroom apartments and sole two-bedroom apartment, offer the best views from the sixth and highest level of the boutique York Street building designed by <a href="/architects/rothelowman">Rothelowman</a>.

Each penthouse, with upgraded Fisher &amp; Paykel integrated appliances, offers expansive views of the Geelong CBD as well as water views of the bay. They have been oriented so the open plan kitchen, living and dining room meets the balcony that captures the extensive views.

[smartcode_project:default project_id=136615 project_image_fid=311694]

Stuart Marsland, Principal of Rothelowman, said the site for Motif has the advantage of not just being on the edge of the city, but also the edge of the bay.

"Our vision was to provide high-quality spaces for living and working that take advantage of views in all directions," Marsland said.

An internal light well in the building invites additional daylight, while the&nbsp;ground floor features a communal, plaza-like area landscaped by ACRE, as well as a shared rooftop terrace.

[smartcode_project:default project_id=136615 project_image_fid=241455]

More than 60 per cent of the 129 apartments have been snapped up since the development launch back in September last year. In a sign of tight supply in Geelong, there has only been one other development launch in the last 12 months.

The development has proven popular with local first home buyers, investors, both those from Melbourne and Sydney, as well as local downsizers.

Located at 1 York Street, just outside the CBD, the project is on the doorstep of Pakington Street’s bustling café and dining scene, the Little Malop Street cultural precinct home to the Geelong Library and Heritage Centre, and close to waterfront attractions.

[smartcode_project:default project_id=136615 project_image_fid=295056]

Motif is the first apartment development on the Bellarine Peninsula to be built by regarded construction firm&nbsp;<a href="/builders/hamilton-marino">Hamilton Marino</a>, strengthening confidence in buyers the building will be completed to a high standard. There's also the expertise from Icon Developments, owned by the publicly listed Kajima Corporation, one of the world’s largest property and construction companies.

DM Property, founded by Brendan Mullan and David Dordevic, kicked off their development journey with the successful Sandringham townhouse development, Early 3191, which will be ready for occupancy early next year.

They have a new townhouse project coming up early next year in Brighton.

Construction of Motif is well underway, with completion slated for late 2025. RPM Group is handling the project sales.

[smartcode_project_cta:default project_id=136615]

Downsizers set to swoop on new penthouses at Motif Geelong

While South Bank generally refers to the collection of suburbs south of a river that dissects the city (think Brisbane or London), Melbourne's Southbank is a suburb in its own right, and it's arguably the most connected suburb in the whole of Melbourne.

Given its proximity to the city and the river, it's no surprise that the near-12,000 apartments make up over 98 per cent of dwellings in the 3006 postcode, the 2021 ABS Census showed.

Private investment from the commercial, retail, and hospitality sectors has matched the increase in density and population, turning Southbank into one of the city's most vibrant residential and cultural hubs, right on the Yarra River. The focal point of <a href="/new-apartments/southbank-vic-3006">Southbank</a> is the casino Crown Melbourne, having stood just off the river for the best part of two decades, while the Melbourne Arts Centre and the National Gallery of Victoria are also key destinations.

It wasn't until the 1990s when the suburb began its development, having predominantly been a commercial and industrial area. Now skyscrapers line the skyline.

Just over two decades ago, work began on <a href="/buildings/eureka-tower-7-riverside-quay-southbank">Eureka Tower</a>, which by the time it completed in 2006, was the tallest residential building in the southern hemisphere at nearly 300 metres, putting Southbank on the global map.

That was topped in 2020 when the 317-metre <a href="/buildings/australia-108-southbank-70-southbank-boulevard-southbank">Australia 108</a> was completed. Australia 108, only 200 metres from the front door of Eureka, comprises 1105 apartments across a 100-level building.

[smartcode_project:default project_id=582 project_image_fid=182857]

It was one of the first crop of towers with upscaled resident amenities, a trend which we've seen only grow in the last five years.

The building boasts two exclusive resident grand lobbies with lounges and a hotel-style porte-cochere. The Sky Rise Club features a heated indoor swimming pool, a sauna, a fully equipped gym, a theatre, a grand dining room, and a virtual golf room.

The Star Club, on Levels 70 and 71 and reserved for owners of the more premium apartments, features double-height, full glass infinity pools with spa facilities, along with two state-of-the-art gyms, dining rooms, expansive lounge rooms, a reading room, a private cinema, and a sky garden.

[smartcode_project:default project_id=582 project_image_fid=182879]

One of the newest tower developments in development in Southbank is <a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a>. One of the two towers, at 366 metres, will be the tallest in Australia.

The 367-apartment development has already seen records shattered after it hit the market last year.&nbsp;A penthouse broke the Melbourne off the plan apartment record when it sold for $35 million, only to be topped by a sub penthouse <a href="/news/vic/sth-bnk-by-beulah-breaks-melbourne-apartment-record-again">that sold for $38 million</a>.

At the heart of&nbsp;<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a>&nbsp;will be the world’s tallest ‘greenscraper’—promising a green, active and connected urban environment with the future of retail innovation, customised hospitality, fresh food perspectives, cultural experiences, and vitality and wellness at its core.

A wellness precinct, located on an entire podium level in&nbsp;<a href="/new-apartments/sth-bnk-by-beulah-southbank-60-southbank-boulevard-southbank">STH BNK by Beulah</a>, is designed to be the city's world-class, all-in-one health and wellness destination backed by science's leading practices.

[smartcode_project:default project_id=8804 project_image_fid=221153]

International developer&nbsp;<a href="/developers/osk-property">OSK Property</a>&nbsp;is also working on one of the largest mixed-use precincts in Melbourne nearby.

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a>, across an unrepeatable two-hectare site on City Road above Melbourne’s internationally acclaimed Arts Precinct, is well into its development, with two towers already completed and ready to move in.

[smartcode_project:default project_id=107714 project_image_fid=211867]

Currently under construction is <a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a>, the latest stage which offers just over 600 apartments across a 74-level tower littered with facilities like&nbsp;private dining rooms, state-of-the-art gyms, a 25m indoor swimming pool, spa, sauna, golf simulator, entertainment and lounge spaces, and a double-storey co-working area on levels 55 and 56.&nbsp;

Multiplex is building BLVD, which is slated for completion in early 2028.

[smartcode_project:default project_id=2929 project_image_fid=201012]

While precedent has been set for towers getting up to 100 levels, not every development in Southbank is reaching that high into the sky.

Almost boutique at 62-levels is The Queensbridge Building by Time &amp; Place, MaxCap Group and Hickory, under construction on Queensbridge Street, just one street back from Crown Melbourne.

<a href="/new-apartments/the-queensbridge-building-southbank-90-queensbridge-street-southbank">The Queensbridge Building</a> will have 367 apartments which will share the building with the 188-room Hannah St. Hotel, operated by TFE Hotels.

[smartcode_project:default project_id=1504 project_image_fid=272071]

Only a handful of developments have completed in recent years. Central Equity's FOCUS is Melbourne's most awarded high-rise development in 2023.

<a href="/buildings/focus-melbourne-81-city-road-southbank">FOCUS</a>, rising 50 levels on City Road, won the&nbsp;prestigious Victorian Housing Award from the HIA, and also a coveted UDIA Victoria Award for Excellence.

[smartcode_project:default project_id=3260 project_image_fid=206139]

The $450 million FOCUS Melbourne comprises a&nbsp;mix of one, two, and three-bedroom apartments.

International developer Landence also recently completed its slice of Southbank. <a href="/buildings/the-evermore-southbank-58-66-dorcas-street-southbank">The Evermore</a>, a two-tower development designed by Hayball closer to the Botanic Gardens than the Yarra River, has over 50 different floorplans for buyers to choose from.

There are 366 one, two and three-bedroom apartments in The Evermore, atop a&nbsp;podium level housing upscale retail spaces.

[smartcode_project:default project_id=2087 project_image_fid=237888]

Enquiry for apartments in Southbank on Apartments.com.au has been dominated by&nbsp;first home buyers since the start of 2024.

They represent 46 per cent of enquiry in Southbank this year, followed by those buying their next home (34 per cent), and then investors (20 per cent).

Project searches in Southbank spiked by nearly 60 per cent from September to October, with enquiry also jumping by 75 per cent.

Southbank’s skyline evolution: The rise of new apartment living on the Yarra River

Melbourne's property market continues to trickle toward the bottom.

CoreLogic's Monthly Index showed both the house and unit market contracted in October. It was another month units (-0.1 per cent) outperformed houses (-0.2 per cent), but it was the first month since August that both dwelling groups were in the red.

The median value of a unit in Melbourne is now $613,000.

The decline in the property market in Melbourne is predominantly being driven by higher supply.

“Total listings are now 13.2 per cent above the previous five-year average in Sydney and 13 per cent higher in Melbourne,” CoreLogic Research Director Tim Lawless noted, helping to explain the weaker conditions in these markets as buyers benefit from more choice and less urgency in their decision making.

That's not the case in the off the plan market however, which is facing critically low supply.

While the property market in general in Melbourne continues to trickle toward bottoming out, the off the plan market might just be primed to see growth.

<h2>What happened in the Melbourne off the plan apartment market in October?</h2>

October may present the turning of the tide in the off the plan apartment market in Melbourne.

In the last week of the month, the Allan Government announced two new policies to stimulate new development across the city.

The first was the announcement that they were encouraging new apartment development&nbsp;<a href="/news/vic/50-new-train-and-tram-zone-activity-centres-to-encourage-new-apartment-development-across-melbourne">around 50 train and tram stations</a>.&nbsp;

Read more:&nbsp;<a href="/news/vic/50-new-train-and-tram-zone-activity-centres-to-encourage-new-apartment-development-across-melbourne">50 new ‘train and tram zone’ activity centres to encourage new apartment development across Melbourne</a>

The second announcement, days later, was to abolish stamp duty for all buyer types across all price points for 12 months.

Read more:&nbsp;<a href="/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">VIC Government slashes stamp duty for off-the-plan property buyers - savings available immediately, Oct 2024</a>

Read more: <a href="/news/vic/the-shackles-are-off-what-the-abolition-of-stamp-duty-really-means-for-the-melbourne-new-apartment-market">"The shackles are off": What the abolition of stamp duty really means for the Melbourne new apartment market</a>

The news came in the last week of October, and since then three new developments have hit the market, one of them being <a href="/new-apartments/bright-brighton-34-black-street-brighton-brighton-vic-3186">Bright</a>, just six two, three and four-bedroom apartments in the heart of <a href="/developments/brighton-vic-3186">Brighton</a>.

Marshall White Projects has calculated buyers could save up to around $200,000 in stamp duty on the apartments since the Government policy kicked in.

[smartcode_project:default project_id=147778 project_image_fid=309650]

Marshall White Projects Director Leonard Teplin said the satmp duty abolition is&nbsp;a "game-changer for downsizers."

"They [downsizers] can now purchase high-end apartments&nbsp;or townhouses without the hefty stamp duty, making the transition more financially appealing," Teplin says.

"I expect to see a surge in downsizer activity, especially in premium inner-city and Bayside locations. This also has a dual benefit of encouraging downsizers to transition from the family home, and therefore, making more established housing available for family buyers."

Given the 12-month timeline on the stamp duty abolition, the expectation is that developments recently approved, or those that were paused and waiting for some sort of stimulus to improve the market conditions, will now launch.

<a href="/developers/time-place">Time &amp; Place</a> will no doubt be looking to get their <a href="/new-apartments/glen-iris-vic-3146">Glen Iris</a> mixed-use development into market sooner rather than later.

Their joint venture with Woolworths for a 60-unit project above a full-line Woolworths was approved late last month.

The five-level building, designed by <a href="/architects/cera-stribley-architects">Cera Stribley</a>&nbsp;at 173 Burke Road, is aimed at targeted at downsizers and young and multi-generational families.

<img alt="Glen Iris" data-entity-type="file" data-entity-uuid="88bbdec8-27ff-438a-af95-6e697e1c6176" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-01%20at%208.49.37%E2%80%AFAM.png?VersionId=Zm_nPk4jU7d.g4miCWhnzGEjH37r7j3j" />

Sales are also set to launch at GURNER's $1.7 billion Docklands precinct, Elysium Fields.

The first three towersm, that will house around 700 dwellings, have been designed as a futuristic wellness and anti-ageing utopia. The 27,000 sqm site at 208-226 Harbour Esplanade will house around 1,100 dwellings upon completion and will include around 3,700 sqm of immersive public landscapes and gardens.

Hamilton Marino has been appointed to build the first tower. Early construction works are expected to commence in the next four weeks, prior to the public launch of sales, which is earmarked for early next year. &nbsp;

Read more:&nbsp;<a href="/news/vic/sales-to-launch-at-gurners-1-7-billion-elysium-fields-precinct-in-docklands">Sales to launch at GURNER's $1.7 billion Elysium Fields precinct in Docklands</a>

<a href="/developers/sma-projects">SMA Projects</a> timed their launch back into the Melbourne off the plan apartment market perfectly.&nbsp;

They recently unveiled The Regent Fitzroy, a building that has been designed purposefully to reimagnie the former&nbsp;iconic Regent Theatre that once sat on the <a href="/developments/fitzroy-vic-3065">Fitzroy</a> Street site.

[smartcode_project:default project_id=24824 project_image_fid=304614]

<a href="/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent</a>&nbsp;will comprise 64 one, two, and three-bedroom apartments starting from $725,000.

Read more:&nbsp;<a href="/news/vic/sma-bring-back-the-regent-theatre-heritage-in-fitzroy-with-latest-apartment-development">SMA bring back The Regent Theatre heritage in Fitzroy with latest apartment development</a>

<a href="/developers/sunkin-property-group">Sunkin Property Group</a> also revealed the latest stage of its Net Zero Highett community, <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>.

The Mews Collection, the third stage of the 11-hectare masterplan, will comprise a trio of buildings with 185 apartments.

The apartments will feature&nbsp;floor-to-ceiling glazed windows, to take advantage of the views of the surrounding parklands, as well as all-electric kitchens with stone surfaces, Bosch appliances, and induction cooktops.

[smartcode_project:default project_id=108019 project_image_fid=300052]

The Mews Collection represents the first opportunity to buy at the luxury end of the market in the development.

The 12 apartments, dubbed the Luxury Collection are a step up in design, with&nbsp;Gaggenau appliances, herringbone timber flooring, marble benchtops, and advanced home automation systems that are integrated with the&nbsp;<a href="/developments/highett-vic-3190">Highett</a>&nbsp;Common Connect app.&nbsp;

Read more:&nbsp;<a href="/news/vic/sunkin-reveal-the-mews-collection-highett-commons-latest-release">Sunkin reveal The Mews Collection, Highett Common's latest release</a>

Read more:&nbsp;<a href="/news/vic/city-beat-september-2024-melbourne-property-market-hovering-around-the-bottom">City Beat September 2024: Melbourne property market hovering around the bottom</a>

Read more:&nbsp;<a href="/news/vic/city-beat-august-2024-is-melbourne-approaching-the-bottom-of-the-market">City Beat August 2024: Is Melbourne approaching the bottom of the market?</a> 
&nbsp;

While the property market in general in Melbourne continues to trickle toward bottoming out, the off the plan market might just be primed to see growth

City Beat November 2024: Melbourne off the plan market gets shot in the arm, but overall market downturn

DCF Property Group has celebrated the official sod-turning for its $180 million First Light development in South Melbourne's Domain Precinct.

The project, with a construction value of $75 million, will be delivered by Ironside, a renowned Australian builder specialising in high-end, large-scale developments.

DCF Property Group CEO, Calvin Huang, said the sod-turning&nbsp;marks a significant milestone for <a href="/developers/dcf-property">DCF</a> as they begin to turn their vision for <a href="/new-apartments/first-light-28-albert-road-south-melbourne">First Light</a> into reality.

“This project represents a major investment in Melbourne’s future, with long-term benefits in job creation, tourism, and economic growth," Huang said.

[smartcode_project:default project_id=2556 project_image_fid=299333]

There are to be 30 luxury apartments in the building, as well as the Nu By YOO luxury hotel. World-renowned designer Philippe Starck and international property entrepreneur John Hitchcox founded YOO in 1999.

First Light will also introduce world-class amenities including a wellness sanctuary and premier dining experiences designed by renowned restaurateurs Scott Pickett and Jason Lau.

&nbsp;

[smartcode_project:default project_id=2556 project_image_fid=299353]

Residents will also enjoy exclusive services through partnerships with luxury brands such as Space Furniture, which has curated the development’s interior furnishings.

First Light is due for completion in October 2026, with the hotel to begin operating shortly thereafter.

[smartcode_project:default project_id=2556 project_image_fid=299358]

Throughout the construction phase, First Light&nbsp;is expected to create 160 direct jobs, along with an additional 450 jobs across Victoria’s economy.

Upon completion, First Light, through its wide-ranging amenities, will provide 45 permanent jobs, with additional opportunities arising for contractors and suppliers, ensuring a continued positive impact on the local economy.

[smartcode_project_cta:default project_id=2556]

First Light is due for completion in October 2026, with the hotel to begin operating shortly thereafter

DCF Property break ground at First Light in South Melbourne, with Ironside appointed construction partner

In&nbsp;bustling metropolitan cities like Melbourne, the allure of living on a park offers a refreshing respite from inner-city life.

New apartment developments on a park are hard to come by, given the cost of land surrounding a park, much like being beachfront, is typically more expensive.

That's why parkside apartments offer something from both a lifestyle and an investment standpoint, as the lack of abundance of parkside apartments generally speaking means they hold their value, attract more potential buyers, and can yield higher rents.

Parkside apartments appeal to a diverse range of buyers, especially families and pet owners who view the park as an extension of their living space. These developments are often designed to incorporate the natural surroundings, with apartments strategically oriented to maximize views of the greenery, both from inside the homes and on their balconies.

Melbourne is famous for its parks, but a lack of supply means opportunities for buyers are few and far between, with only a handful of new parkside developments coming every year.

We've shone a light on the top four apartment developments currently for sale, and under construction, on some of Melbourne's best parks.

<h2>What: Prince &amp; Parade by Mirvac, Brunswick</h2>

<h3>Where: 701 Park Street, Brunswick VIC 3056</h3>

<h3>Who: Mirvac</h3>

Mirvac's latest parkside apartment development, Prince &amp; Parade, has proven to be a hit with local buyers from Brunswick, as well as the neighbouring Parkville, Princes Hill, and Carlton.

[smartcode_project:default project_id=4802 project_image_fid=217137]

The parkside location on the 39-hectare Princes Park,&nbsp;home of Carlton Football Club, walking paths, sports grounds, and playgrounds,&nbsp;has been one of the biggest drivers in purchasing.

Designed by Bates Smart in collaboration with Mirvac Design and landscaped by Jack Merlo, Prince &amp; Parade comprises 144 one, two, three, and four-bedroom apartments.

[smartcode_project:default project_id=4802 project_image_fid=217119]

<a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a> is also just four kilometres from the CBD and is within walking distance of the historically vibrant suburbs of Melbourne's inner north. It's also just a short walk to Jewell Train Station and Royal Park Train Station.

Early site works have commenced on the development by Mirvac's inhouse construction arm.&nbsp;

<h2>What: Maléa, Malvern East</h2>

<h3>Where: 94 Burke Road, Malvern East VIC 3145</h3>

<h3>Who: Abadeen Group</h3>

Maléa is the first development by the Victorian arm of luxury developer Abadeen, a developer who's name has been synonymous with quality apartment developments across Sydney for the best park of two decades.

Their first development is on Central Park in Malvern East where they've created just seven apartments across a boutique building designed by Ewert Leaf with interiors by Carr.

[smartcode_project:default project_id=141969 project_image_fid=222388]

The Burke Road location will put residents across from the seven-hectare Central Park that is bordered by just three streets, making Maléa an incredibly rare opportunity.

Andrew Leoncelli, who leads the Victoria arm of Abadeen, says they chose the site for&nbsp;Maléa because of its incredible location opposite Central Park in the beating heart of&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>.

"We are committed to delivering a project of exceptional quality in this dynamic and thriving community across from one of the great heritage parks moments from all the very best that&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;has to offer," Leoncelli says.

[smartcode_project:default project_id=141969 project_image_fid=222407]

Brompton is currently building Malae, which is expected to complete in late 2025.

<h2>What: Eblana, East Melbourne</h2>

<h3>Where: 140-142 Jolimont Road, East Melbourne VIC 3002</h3>

<h3>Who: PB &amp; Co.</h3>

Fitzroy Gardens is one of Melbourne's most well-known parks with historically significant gardens throughout its 26 hectares.

Luxury developer PB &amp; Co. recently revealed <a href="/new-apartments/eblana-east-melbourne-140-142-jolimont-road-east-melbourne">Eblana</a>, just four full-floor apartments on Joilimont Road, just 300 metres away from the southern end of Fitzroy Gardens, with Jolimont Reserve and Wellington Park even closer.

[smartcode_project:default project_id=108801 project_image_fid=236536]

The ultra-high-end project will see the redevelopment of the landmark former residence of Young &amp; Jackson publican Thomas Jackson.

Each apartment will have three bedrooms, multiple living zones, winter gardens and study retreats, as well as a fully automated car parking system likened to a James Bond-style parking.

[smartcode_project:default project_id=108801 project_image_fid=236544]

The three-level penthouse, expected to sell for over $20 million, will have views over Fitzroy Gardens and Melbourne's skyline. It will feature a private rooftop terrace and infinity pool, accessed by either an internal lift or a sculpted spiral staircase.

All residents will have access to a fitness centre, landscaped communal spaces for entertaining guests, and a private concierge service.

<h2>What: Highett Common</h2>

<h3>Where: 37 Graham Road, Highett VIC 3190</h3>

<h3>Who: Sunkin Property Group</h3>

While not next to an established garden so to speak, the apartment buildings in Sunkin Property Group's <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> will be surrounding by new parks and landscaped pathways.

Four hectares of the large 9.3-hectare block has been reserved for greenery, three of which for a conservation area and one hectare for public parkland.

[smartcode_project:default project_id=108019 project_image_fid=300063]

The design of the open spaces has been inspired by the nature already on the site, says Tract senior principal landscape architect Mariano Lopez.&nbsp;

Highett Common will feature several architecturally designed apartments and townhomes that will home more than 1000 residents, with the buildings arranged so they overlook the parklands.

[smartcode_project:default project_id=108019 project_image_fid=300077]

After great success of the first two stages, Sunkin recently released the third stage of&nbsp;<a href="/developments/highett-vic-3190">Highett</a>&nbsp;Common. The Mews Collection comprises a trio of buildings with 185 one, two and three-bedroom apartments. The Mews Collection also includes the first luxury apartments within the precinct.

<a href="/developers/sunkin-property-group">Sunkin Property Group</a>&nbsp;is expecting the first stage of Highett Common to be complete by late 2025.

Melbourne is famous for its parks, but a lack of supply means opportunities for buyers are few and far between, with only a handful of new parkside developments coming every year.

Melbourne's top four parkside apartment developments under construction and selling in October 2024

Diversified property developer Time &amp; Place, in partnership with Woolworths Group, has been given the green light by the Victorian State Government for its $150 million mixed-use development in Glen Iris.

Designed by award-winning architects <a href="/architects/cera-stribley-architects">Cera Stribley</a>, the five-level project at 173 Burke Road will feature 60 apartments, including affordable homes - targeted at downsizers, young and multi-generational families - alongside a full-line Woolworths.

The planning approval follows engagement over many years with the local community, the City of Stonnington, as well as the Department of Transport and Planning, together with the Office of the Victorian Government Architect, and reflects feedback received on urban design, local character and traffic and car park management.

This project will target a 5-star Green Star rating from the Green Building Council of Australia for the residential aspect, showcasing a commitment to sustainability that reduces carbon emissions while also reducing costs for future homeowners and business tenants.

<img alt="Glen Iris" data-entity-type="file" data-entity-uuid="89e83062-9657-4049-9492-d5e27a8d4b77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-10-25%20at%204.23.03%E2%80%AFPM.png?VersionId=ub8Ynl4vFqDo6W4avTfxWVPEWEwwbZQB" />

The development's ground floor will feature a brand-new Woolworths supermarket, designed to provide a convenient, fresh retail offer for the local Glen Iris community, including a six-bay Direct to Boot facility.&nbsp;

From a design perspective, the external façade features inverted arches made from artisanal brickwork, reflecting Glen Iris's architectural heritage. Contemporary and timeless design features are designed to blend seamlessly with the neighbourhood’s character, reflecting Melbourne’s appreciation for raw materiality and Victoria’s architectural history.

<a href="/developers/time-place">Time &amp; Place</a> Founder and Director, Tim Price, says one of the primary&nbsp;focuses with the project has been addressing the need for diversification in housing typologies of Glen Iris.

"This project aims to meet the evolving needs of the community and enhance the overall vibrancy of the area," Price says.

"Our commitment is to enrich the suburb’s housing landscape and ensure it remains a dynamic and accessible place to live. This approach is informed by our observations of the positive impact that our Victoria Hill project has had in Camberwell, emphasising the importance of varied housing solutions to support a diverse and thriving community."

Time & Place Founder and Director, Tim Price, says one of the primary focuses with the project has been addressing the need for diversification in housing typologies of Glen Iris.

First look: Time & Place and Woolworths greenlit for Glen Iris mixed-use precinct

Sloane Property Group&nbsp;has catered for two of the most important aspect ofs homebuying at its new Mentone townhouse development, <a href="/new-apartments/kindred-mentone-25-brindisi-street-mentone">Kindred</a>.

The Urban Community said both the floorplans on offer, and the&nbsp;<a href="/developments/mentone-vic-3194">location of Kindred</a>, are the two best qualities in the new architecturally-striking townhouse development.

The townhouses each span three levels and have three bedrooms. A rare feature of the townhouses is the&nbsp;usable two-car garage, which Sloane expects to not only be used for parking a car, but for a home gym or office setup.

&nbsp;

[smartcode_project:default project_id=138768 project_image_fid=309787]

The rooftop decks are too a rarity in a suburb that is dominated by houses. Several of the townhouses feature roof decks with views across the bay.

The kitchens at Kindred serve as both functional and aesthetic focal points, with floating islands, premium reconstituted stone benchtops, soft-close oak cabinetry and stainless steel appliances. They've been designed to entertain and promote family interaction.

[smartcode_project:default project_id=138768 project_image_fid=214860]

Kindred’s architecture by Sloane's longtime partner <a href="/architects/megowan-architectural">Megowan</a> is deeply inspired by its coastal setting, with the recycled cream brick exterior and white timber slats mirroring the colours and textures of Mentone Beach.

The Scandinavian avant-garde influences bring a modern yet organic feel to the development, evident in the curves and timber features that define the homes.&nbsp;

The integration of large windows and flowing balconies allows natural light to flood the interiors while maintaining a seamless indoor-outdoor connection.

&nbsp;

[smartcode_project:default project_id=138768 project_image_fid=214862]

The Urban Community has also been impressed with the location of Kindred.

Located on Brindisi Street, Kindred residents will sit across the road from Mentone Reserve, with an oval and playground, and a short walk to the centre of Mentone where there's the suburb's retail precinct and train station.

It's just one kilometre metres from the beach where there's the Bay Trail, a dog-friendly beach, and the Mentone Lifesaving Club.

[smartcode_project:default project_id=138768 project_image_fid=214989]

&nbsp;

Construction of Kindred is well underway, and <a href="/developers/sloane-property">Sloane</a>&nbsp;expects the townhouses to complete by the end of 2025.

Around half of the townhouses are spoken for.

[smartcode_project_cta:default project_id=138768]

Construction of Kindred is well underway, and Sloane expects the townhouses to complete by the end of 2025

Kindred Mentone design and location catches buyer's attention

Construction is underway on the Milieu Property’s first inner southeast Melbourne apartment development, Plant Street in <a href="/developments/malvern-vic-3144">Malvern</a>.

The build by&nbsp;<a href="/builders/manresa-construction">Manresa Construction</a> marks the third collaboration between the duo following <a href="/buildings/one-wilson-avenue">One Wilson Avenue</a> in <a href="/developments/brunswick-vic-3056">Brunswick</a> and Otter Place in <a href="/developments/collingwood-vic-3066">Collingwood</a>.

<a href="/developers/milieu-property">Milieu</a> has built its design-driven repuation primarily in the northern suburbs since its inception in 2010. <a href="/new-apartments/plant-street-by-milieu-malvern-1-plant-street-malvern">Plant Street</a>&nbsp;is well inkeeping of their philosophy of focusing on good design principles.

[smartcode_project:default project_id=139856 project_image_fid=288442]

The development, situated on a nearly 1,000 sqm site on Plant Street, comprises just 21 apartments crafted by some of Melbourne's most celebrated designers.

Architecture studio <a href="/architects/ritz-ghougassian">RITZ&amp;GHOUGASSIAN</a> has designed the building, which is notable for its robust, textured concrete façade.&nbsp;

Horizontal planes are strategically placed to allow for views of the neighbourhood and gardens, while smooth slab edges play with light and shadow, creating a dynamic and unique visual experience.

[smartcode_project:default project_id=139856 project_image_fid=278299]

The project’s interiors, crafted by <a href="/interior-designers/georgina-jeffries">Georgina Jeffries</a>, incorporate a relaxed yet refined material palette.&nbsp;The focus on craftsmanship and comfort is evident throughout the design, ensuring that each apartment feels personal and inviting.

Acre, the landscape architect for the project, has designed the outdoor spaces to integrate seamlessly with the architecture and interiors.&nbsp;

The landscape design aims to soften the building’s strong lines, using layered and seasonal plantings to create a connection between the indoors and outdoors.

[smartcode_project:default project_id=139856 project_image_fid=217345]

Plant Street is being delivered in partnership with Penfold and MaxCap, and is expected to complete toward the end of 2025.

Jellis Craig Projects is selling Plant Street.

[smartcode_project_cta:default project_id=139856]

Plant Street is being delivered in partnership with Penfold and MaxCap, and is expected to complete toward the end of 2025

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