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.

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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.

<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?

DM Property is advancing sustainability in Melbourne with its latest townhouse development, <a href="/buildings/early-3191-sandringham-3-11-george-street-sandringham">Early 3191</a>.

With several active projects around the state – <a href="/developers/dm-property">DM Property</a> has a strong commitment to delivering exceptional developments that consider the environmental, social, and communities local to their projects.&nbsp;

Designed for maximum energy efficiency, the 35 three and four-bedroom Rothelowman-designed townhouses set a new standard for sustainable and communal suburban living in <a href="/developments/sandringham-vic-3191">Sandringham</a>.

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Each townhouse at Early 3191 features energy-efficient LED lighting, appliances, and fixtures, complemented by a 1.5kW solar photovoltaic system discreetly installed on the roof.

High-performance window glazing and design considerations aim for an average 7-star energy rating, ensuring residents benefit from lower energy consumption and costs.

[smartcode_project:default project_id=138081 project_image_fid=209565]

Several water-saving initiatives are incorporated into the building in the form of rainwater tanks to collect stormwater for irrigation and toilet flushing, which would result in an annual mains water saving of 6,675kL.&nbsp;

The development also adheres to the WELS star water efficiency methods and Best Practice standards for stormwater quality.&nbsp;

Committed to helping reduce emissions, each townhouse is equipped with bicycle storage and EV charging infrastructure in the garage.&nbsp;

Additionally, the location offers easy access to multiple public transport options, including Sandringham Railway Station, Southland Railway Station, and bus routes 825 and 822 nearby.&nbsp;

The East-West Cycle Trail is also conveniently located 850 metres away.

[smartcode_project:default project_id=138081 project_image_fid=246822]

Early 3191's sustainable initiatives extended to the Adele Bates-designed interiors where thoughtful design and practices were implemented to minimise environmental footprint.

All living areas and bedrooms are designed to maximise natural light and ventilation.

Low VOC interior paints, adhesives, and sealants are used throughout.&nbsp;

A four-bin waste system optimises recycling and reduces landfill waste, while retractable clotheslines encourage residents to minimise the use of clothes dryers.

Early 3191 is Bayside's most advanced project, set for completion in spring 2024.&nbsp;

Construction by <a href="/builders/saw-construction">Saw Construction</a> at Early 3191 is well underway and prospective buyers only have a few more weeks to customise their home, which could include a private lift.

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Early 3191 is Bayside's most advanced project, set for completion in spring 2024

mikah.m@urban.com.au

DM Property integrates sustainability into Early 3191, Sandringham townhouses

With 99 per cent of the Heidelberg West market being single houses and townhouses, builder developer <a href="/developers/kincaid-projects">Kincaid</a> has taken great care to ensure its rare Cultivate apartment development is reasonably priced for first home buyers looking to enter the property market.&nbsp;

Cultivate offers stamp duty savings for first-home buyers, making owning a home even more accessible.

Tailored for first home buyers, Cultivate provides access to incentives such as the $10,000 First Home Owner Grant, stamp duty exemption, and the chance to buy with a five per cent deposit through the Victorian Home Buyer Fund Shared Equity Scheme or First Home Guarantee Scheme for units up to $600,000.

[smartcode_project:default project_id=628 project_image_fid=276967]

<a href="/buildings/cultivate-heidelberg-west-294-bell-street-heidelberg-west">Cultivate</a> offers 146 one, two and three-bedroom apartments across two 11-level buildings in one of Melbourne's most well-serviced employment areas.

The price for a one-bed apartments starts at $411,000, while the two-bedroom apartments start from $530,000, both under the $600,000 exemption for stamp duty.

The three-bedroom apartments start from $815,000.

Space was afforded to the living areas in the apartments at Cultivate. They opened to balconies that provide views of natural parklands, the cityscape, and riverways.

[smartcode_project:default project_id=628 project_image_fid=276974]

Central landscaped gardens and rooftop entertaining spaces add to Cultivate appeal, mirroring Melbourne’s love of the outdoors within the development.

Situated in one of Melbourne's last affordable pockets, just 12 kilometres from the CBD, Cultivate benefits from its proximity to various healthcare facilities such as Austin Hospital, The Mercy, and La Trobe Private Hospital.&nbsp;

Cultivate is also conveniently located near RMIT and La Trobe University, making it an ideal choice for students and staff.

[smartcode_project_cta:default project_id=628]

First Home Guarantee Scheme on offer at Kincaid's Cultivate apartments in Heidelberg West

"It was all about the location."

That was the view of Adam Sloane, founder of <a href="/developers/sloane-property">Sloane Property</a>, when discussing his Brighton townhouse development, 111 Carpenter.

"I knew <a href="/new-townhouses/111-carpenter-brighton-111-carpenter-street-brighton">111 Carpenter</a> was a fantastic, central site for a townhouse project based on the tree-lined streets, shops, schools, and transport which are all at your door," Sloane added.

"It is the ideal spot to base your family and explore all that Bayside has to offer."

Sloane highlighted Brighton's exceptional lifestyle offerings.

"There’s the beach, the parks, the café culture, cinemas, retail… it has it all."

[smartcode_project:default project_id=7517 project_image_fid=214118]

<a href="/developments/brighton-vic-3186">Brighton</a> is known for its vibrant beachside lifestyle, featuring iconic beach boxes, panoramic views of the city skyline and Port Phillip Bay, and a range of outdoor activities.

Future residents of the boutique collection of seven three and four-bedroom townhouses will be a quick five-minute drive from a swim at Brighton Beach, or a sail and casual meal from the restaurant and bar at Royal Brighton Yacht Club.

The suburb also offers numerous green spaces, perfect for family-friendly activities and outdoor fun within walking distance.

Wilson Reserve, with a playground, lawned playing field and the Brighton Recreation Centre, is a 12-minute walk. Opposite Wilson Reserve is the Crowther Oval, across from Brighton Grammar School.

[smartcode_project:default project_id=7517 project_image_fid=218198]

Brighton’s dining scene features modern gastropubs, elegant Italian eateries, artisanal gelati, and high-end dining options, along with a plethora of local cafes.

Residents of 111 Carpenter will be just a four-minute walk from Bay Street, home to a variety of shops, restaurants, and cafes, including popular spots like Mr &amp; Mrs P, Vivace, Hecho en Mexico, and Rocksalt Cafe and Restaurant.

111 Carpenter is also located within the catchment area of some of Brighton’s top schools, making it an even more ideal option for family buyers.

Aside from Brighton Grammar School, 111 Carpenter is only within 800 metres from Brighton Primary School, Firbank Grammar School, St James' School, and Gardenvale Primary School.

Sloane had go-to architectural partner Chris <a href="/architects/megowan-architectural">Megowan</a> design 111 Carpenter.&nbsp;All seven townhouses are north-facing, and some feature a master bedroom on the third level which overlooks neighbouring rooftops.

[smartcode_project:default project_id=7517 project_image_fid=222382]

“It’s rare to find a development in Melbourne where every dwelling has an ideal orientation and access to at least two exposures for ventilation," Chris Megowan, a Brighton local, said.

Each townhouse has either three or four bedrooms across two or three levels with private landscaped gardens by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a>.&nbsp;Each home also offers double lock up garages with internal private access.

Sloane has gone with long-time collaborator and award-winning architectural practice Megowan to design 111 Carpenter.

Award-winning builder Virgon Construction has begun works on site, with completion forecast for late 2025.

[smartcode_project_cta:default project_id=7517]

Why location is paramount at Sloane's latest Brighton townhouses 111 Carpenter

LK Property Group is approaching the sell-out of its Glen Iris townhouse development, Lori.

<a href="/new-apartments/lori-glen-iris-1610-malvern-road-glen-iris">Lori</a> has only two of its eight three-bedroom townhouses left, driven by demand predominantly from local buyers.

[smartcode_project:default project_id=114100 project_image_fid=246520]

<a href="/developers/lk-property-group">LK Property Group</a>, led by billionaire property developer and NBL owner Larry Kestelman, has partnered with award-winning architectural practice Megowan for the design of Lori.

The townhouses are situated on a sloping block, which allows for expansive views of the surrounding treescape through large picture windows.

The units feature high ceilings and full-length windows to maximise natural light and provide views of the preserved 100-year-old trees on the site.

Each townhouse includes three bedrooms across two levels and a secure, flexible garage space. The garage can accommodate and charge two cars or be used for business, artistic pursuits, or workouts.&nbsp;

[smartcode_project:default project_id=114100 project_image_fid=246531]

The development is also fully electric, emphasising a more renewable path and reduced environmental footprint for residents.

The construction of Lori by builder Immerse Constructions is well underway and is expected to be completed later this year, with move-in dates projected before Christmas 2024.

Read more:&nbsp;<a href="/news/vic/family-friendly-and-surrounded-by-nature-loris-supreme-location-in-glen-iris">Family friendly and surrounded by nature: Lori's supreme location in Glen Iris</a>

[smartcode_project_cta:default project_id=114100]

New Glen Iris townhouse development Lori approaches sellout ahead of Christmas move-in

Multi Master Builders Victoria award-winner,&nbsp;Brompton Construction, has officially commenced construction on Abadeen's Malvern East apartment development, Malea.

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> will bring seven luxury apartments to this sought-after area.

[smartcode_project:default project_id=141969 project_image_fid=222388]

&nbsp;

“<a href="/developers/abadeen-group">Abadeen</a>&nbsp;chose 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>," Andrew Leoncelli, who runs Abadeen's Victoria arm, says.

"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."

[smartcode_project:default project_id=141969 project_image_fid=222389]

&nbsp;

Designed by <a href="/architects/ewert-leaf">Ewert Leaf</a>, Malea focuses on maximising the garden-centric atmosphere characteristic of Malvern East.

The development is targeting a 6.5-Star Green Energy Rating and will feature three garden terraces designed by <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick and Associates</a>, promoting an indoor-outdoor living environment.

[smartcode_project:default project_id=141969 project_image_fid=222406]

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>&nbsp;is strategically located within walking distance of the vibrant <a href="/developments/malvern-east-vic-3145">Malvern East</a> village, providing residents with easy access to local amenities and community hubs.

<a href="/builders/brompton-construction">Brompton Construction</a>&nbsp;is expecting to complete the building in late 2025.

[smartcode_project_cta:default project_id=141969]

Brompton Construction is expecting to complete Maléa in late 2025.



Abadeen break ground Malvern East apartment development, Maléa

South Melbourne's recently completed The Eighth offers some of the largest apartments on offer in the sought-after suburb on the fringe of the St Kilda Rd precinct.

The final two and three-bedroom apartments in the building developed by&nbsp;<a href="/developers/crema-group">Projects by Crema</a>&nbsp;start from 128 sqm and feature open plan living rooms, modern kitchens, stone baths, and private lift access.

&nbsp;

[smartcode_project:default project_id=5345 project_image_fid=269726]

Designed by <a href="/architects/fraser-partners-0">Elenberg Fraser</a> and Kennon, <a href="/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne">The Eighth</a> draws design inspiration from classic apartment buildings in New York and London.

The 18-level building includes two levels of commercial office space, 36 high-end apartments, a resident rooftop with a swimming pool and bar, and a holistic corporate wellbeing business on the podium level.

[smartcode_project:default project_id=5345 project_image_fid=269728]

Located in <a href="/developments/melbourne-vic">Melbourne</a>'s Domain Precinct, The Eighth is in an ideal transport pocket, just off the bus stops on Park Street and the new ANZAC Station.

Convenience is at the foot of the building in the Palms Cafe and Beppi's Wine Bar is on the ground floor. Coffee spots are also plentiful nearby.

[smartcode_project_cta:default project_id=5345]

Inside the final apartments at South Melbourne's The Eighth

Salter Brothers' latest development, <a href="/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a><a>&nbsp;Ivanhoe</a>, is set to bring a range of lifestyle amenities to the heritage-rich suburb of <a href="/developments/ivanhoe-vic-3079">Ivanhoe</a> in Melbourne.&nbsp;

Designed by architect <a href="/architects/john-demos-architects">John Demos</a> and interior designer <a href="/interior-designers/kathy-demos">Kathy Demos</a>, <a>Candela Ivanhoe</a> offers 62 smart and flexible apartments across six light-filled levels, designed to suit all purchasers whether they be downsizers, first home buyers, couples, or families.

[smartcode_project:default project_id=342 project_image_fid=206559]

Beyond the private living spaces, <a href="/developers/salter-brothers">Salter Brothers</a> has integrated several community-oriented and environmentally-friendly features.

Starting on the ground floor is Candela’s providore and in-house café, providing residents with convenient access to artisan food and barista-quality coffee.

[smartcode_project:default project_id=342 project_image_fid=169539]

The cafe doubles up as a wine bar to become a great meeting spot for anytime of the day.

Fitness enthusiasts can participate in exercise classes on the rooftop garden or simply lounge around with neighbours in the alfresco atrium.

[smartcode_project:default project_id=342 project_image_fid=169534]

Salter Brothers has also incorporated a range of initiatives to promote energy efficiency, harness renewable energy, and create a community that prioritises the environment.

The installation of double-glazed windows and a 25kW solar array on the rooftop has earned the development a remarkable 7-star NatHERS average energy rating, surpassing the 6-star energy rating average.

Rainwater tanks are also strategically placed to collect water for reuse in toilet flushing and irrigation.

This not only benefits the environment but also significantly reduces the Owner’s Corporation costs, making sustainable living accessible to all.

[smartcode_project:default project_id=342 project_image_fid=169551]

Candela Ivanhoe will be situated just a six-minute walk from Ivanhoe Station, in a prime location with a walk score of 90/100.

Residents will enjoy convenient in-building amenities and easy access to local amenities, including nearby parks, restaurants, and prestigious schools.

[smartcode_project_cta:default project_id=342]

The cafe doubles up as a wine bar to become a great meeting spot for anytime of the day.

Crossaints, coffee and chardonnay: The doorstep amenity at Candela Ivanhoe

Bayside builder developer, Shenfield Property, is well on track to complete its boutique&nbsp;<a href="/developments/cheltenham-vic-3192">Cheltenham</a> townhouse development, Plenteous, by the end of 2024.

Only a few of the eight architect-designed townhouses on Jean Street remain for sale through Noorden marketing agent David Lamond, who has seen both local upsizers and downsizers buy into the project given its low-maintence design but with the size to cater for families, as well as its proximity to Southpoint Station and Westfield Southland.&nbsp;

The townhouses, a dwelling type not often seen in Cheltenham and certainly not close to a central location as <a href="/buildings/plenteous-cheltenham-49-jean-street-cheltenham-vic-3192">Plenteous</a>, have been designed by&nbsp;Farrington&nbsp;Architects to at the end of a quiet, leafy cul-de-sac with frontage to Jean Streett Reserve and Playground.

[smartcode_project:default project_id=136588 project_image_fid=208418]

Two or three-bedroom towhnouses are on offer, across either two or three levels. Interior designer&nbsp;<a href="/interior-designers/aldona-padjak-interior-design-apid">Aldona Padjak</a>&nbsp;crafted the insides of the townhouses with soft, neutral colours to enhance natural light.

The inside opens up to and incorporates the outdoors, with the ground level opening to a courtyard garden and the second or third level offering a balcony.

With construction progressing steadily, the project is scheduled for completion by the end of 2024.

[smartcode_project:default project_id=136588 project_image_fid=208417]

<a href="/developers/shenfield-property">Shenfield Property</a>, led by Alister Shenfield, has had a long reputation of delivering quality residential developments throughout Melbourne's Bayside.

Their most recent completed work has included <a href="/buildings/omnia-4-6-horscroft-place-moorabbin">Omnia at Moorabbin</a>, <a href="/buildings/tilli-547-hampton-street-hampton">Tilli in Hampton</a>, and <a href="/buildings/eva-123-balcombe-road-mentone">EVA Mentone</a>.

As well as Plenteous, Shenfield,&nbsp;is working on <a href="/buildings/joes-quarter-mordialloc-557-main-street-mordialloc">Joe's Quarter in Mordialloc</a> and <a href="/new-apartments/banksia-cheltenham-216-226-charman-road-cheltenham">Banksia</a>, and apartment development in Cheltenham, just under two kilometres from Plenteous.

[smartcode_project_cta:default project_id=136588]

Shenfield Property's Plenteous townhouses swiftly taking shape in Cheltenham

Hawthorn East is set to welcome a rare new apartment development with plans submitted to the Booroondora Council for a mixed-use building at 775 Toorak Road.

The $4.5 million plans, put forward by&nbsp;development management firm&nbsp;<a href="/developers/gaage-developments">GAAGE Developments</a>, are for a new six-level building with 22 one, two and three-bedroom apartments above two street-level retail spaces and one office tenancy.

The new building will replace a single-level, red brick home that dates back to the early 1960s, as well as two outbuildings.

Kings Lane Architects has designed the building with a combination of render and textured ribbed concrete finish, neutral earthy tones and extensive glazing.

<img alt="Toorak Road" data-entity-type="file" data-entity-uuid="fe749224-2e0c-42d5-98e0-fd000a9d1ad6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%2010.23.51%E2%80%AFAM.png?VersionId=Bs4rpXODNUex8KKmrQyVJHDLcm4QWbfu" />

There will be five dwellings on each of the first to fourth floors, designed to optimise daylight access.&nbsp;

The sixth floor will house two larger apartments: a two-bedroom unit with a south-facing balcony and a three-bedroom plus study unit with a northeast-facing balcony.&nbsp;

The rooftop will offer a 94 sqm communal open space.

The development will also feature three commercial tenancies on the ground floor, two with frontages on Toorak Road and one accessed from the building’s central core.&nbsp;

<img alt="Toorak Road" data-entity-type="file" data-entity-uuid="3b603ef7-ea9e-4e45-94cb-e62a459d724b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-06-19%20at%2010.24.01%E2%80%AFAM.png?VersionId=PWY5C8c8hEdW3u3TWErQhrv8FrLeW1cq" />

Parking will be provided in a two-level basement, accommodating up to 34 vehicles, including two visitor spaces, through a mix of single spaces and double vehicle stackers.&nbsp;

The basement will also include individual storage lockers for residents and a bicycle parking room with space for 26 bicycles using a Ned Kelly rack storage system.

Residents will have easy access to nearby local amenities, including Cato Park and Gardiners Creek Trail within a 300-metre radius, and several educational institutions such as Balwyn College, Auburn High School, and Auburn Primary School within 800 metres north of the <a href="/developments/hawthorn-east-vic-3123">Hawthorn East</a>&nbsp;project.&nbsp;

First look: New apartments set for Toorak Road, Hawthorn East

Victoria's state government has outlined draft housing targets to address the growing demand for housing across the region, setting a goal of constructing 2.5 million new homes by 2051.&nbsp;

These targets are part of Plan Victoria, a new strategy set to supersede the 2017 Plan <a href="/developments/melbourne-vic">Melbourne</a>.&nbsp;

The announcement comes amidst broader national housing challenges, particularly in Victoria, which has the largest annual population growth of all Australian states.

Plan Victoria emphasises local government involvement to unlock space for new homes, propose changes to local planning rules, and address infrastructure needs.&nbsp;

"We want to work in partnership with councils to build more homes in the areas where people want to live – close to the people they love and the things they love to do," Planning Minister Sonya Kilkenny said.&nbsp;

Premier Jacinta Allan said “To give industry the confidence they need to get on and build, we need Government and all councils working towards the same goal: more homes for Victorians – in the right places.”

Victoria's Housing Statement includes an ambitious plan to build 800,000 homes over the next decade in an Affordability Partnership with industry.&nbsp;

The plan includes reforming Victoria’s planning system to boost housing supply across the state, clearing the backlog, and providing builders, buyers, and renovators with certainty about approval times.

Additionally, it aims to close loopholes that drive up the cost of living for renters, providing more certainty over leases, living standards, and finances, and resolving tenancy disputes more quickly.

The government is also committed to building more social and affordable homes across Victoria, launching Australia’s biggest urban renewal project on top of the Big Housing Build.&nbsp;

As part of the effort to meet the target by 2051, a regional target has been set to build 425,600 of these homes across Victoria’s regions.

Key areas such as Melbourne's Central Business District (CBD), outer suburbs, and the regional city of <a href="/developments/geelong-vic-3220">Geelong</a> will play pivotal roles in meeting these goals.&nbsp;

Geelong, Victoria's second-largest city, has been set the highest target with 139,800 new homes proposed by 2051, more than double the 127,300 homes currently in Geelong.

The City of Melbourne, which includes the CBD and suburbs like <a href="/developments/carlton-vic-3053">Carlton</a>, <a href="/developments/flemington-vic-3031">Flemington</a>, <a href="/developments/kensington-vic-3031">Kensington</a>, <a href="/developments/north-melbourne-vic-3051">North Melbourne</a>, and <a href="/developments/south-yarra-vic-3141">South Yarra</a>, follows with a target of 134,000 new homes, up from the 110,100 currently.&nbsp;

The <a href="/developments/melton-vic-3337">Melton</a> LGA, situated about 40 kilometres west of Melbourne’s CBD, is third with a proposed target of 132,000 new homes. This area had about 69,000 homes in 2013 and is one of the fastest-growing municipalities, boasting a 6.6 per cent annual population growth.

Other growing outer suburban LGAs are also set high targets. Wyndham in the southwest is targeted for 120,000 new homes, Casey in the southeast for 104,000, and Hume in the northwest for 98,000.&nbsp;

The government emphasises the need for more homes in established suburbs, setting a combined target of 72,000 new homes in Darebin, Merri-Bek, and Monash.

Boroondara, identified by housing advocacy group Yimby Melbourne as the most in-demand LGA with significant growth capacity, has set a target of 67,000 new homes.&nbsp;

Kingston, benefiting from its proximity to the Suburban Rail Loop project, has set a target of 59,000 new homes.

The government's investments in skills, training, and infrastructure such as schools, hospitals, and transport will support this growing population.

Victoria's Housing Statement includes an ambitious plan to build 800,000 homes over the next decade in an Affordability Partnership with industry

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