IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Joel Robinson

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

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.

[smartcode_project:default project_id=114246 project_image_fid=378718]

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]

Abadeen unveils penthouse at Park Residences in Cremorne

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

<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

The scaffolding has been removed from <a href="/new-apartments/victoria-hill-camberwell-166-victoria-road-camberwell">Victoria Hill</a>, the new luxury apartment development by <a href="/developers/time-place">Time &amp; Place</a> in Camberwell.&nbsp;

The builder, <a href="/builders/hacer-group">Hacer Group</a>, recently completed the main structure of the building at 166 Victoria Road, allowing the architectural design by <a href="/architects/cera-stribley-architects">Cera Stribley</a> to be fully visible.

The 25 residences are a modern interpretation of Victorian homes, defined by brick cladding, glass balustrades, and lush landscaping.

[smartcode_project:default project_id=138722 project_image_fid=290262]

Victoria Hill offers two and three-bedroom floor plans ranging from 130 sqm, with interiors curated by interior design studio <a href="/interior-designers/hecker-guthrie">Hecker Guthrie</a>.&nbsp;

Residents will have access to various amenities, including a boardroom, gym, digital concierge, private garages, bike storage, parcel delivery, and dog wash facilities.

[smartcode_project:default project_id=138722 project_image_fid=290198]

Time &amp; Place Founder and Director Tim Price, a long-time resident of Boroondara, says the project aims to provide a lifestyle comparable to traditional <a href="/developments/camberwell-vic-3124">Camberwell</a> family homes, addressing the needs of residents who find larger homes and gardens increasingly difficult to maintain.

"Victoria Hill was crafted with these residents in mind, offering all the benefits of a significant family home, with large format terraces, breathtaking views, impeccable architectural and interior design quality and, of course, privacy," Price said.

Victoria Hill has also set new records in Boroondara for off the plan apartment sales, with three penthouses sold for a combined $30 million. One of these penthouses was purchased by Hacer Group's Vin Sammartino.

The Boroondara record had been around $6.5 million, secured in Kew for the penthouse atop Rondure House.

[smartcode_project_cta:default project_id=138722]

Victoria Hill offers two and three-bedroom floor plans ranging from 130 sqm, with interiors curated by interior design studio Hecker Guthrie

Time & Place take big step in Victoria Hill, Camberwell construction

Boutique property developer Kervale's completed Brighton apartment development, ESSENCE, has only one penthouse remaining.

The remaining penthouse is part of <a href="/buildings/essence-brighton-66-70-black-street-brighton">ESSENCE</a>'s Lux Living Collection, which includes four penthouses ranging from 200 sqm to 400 sqm with outdoor areas.

The available penthouse features a modern open-plan living space extending to a spacious terrace for outdoor entertaining.&nbsp;

[smartcode_project:default project_id=112893 project_image_fid=204990]

The interior includes a marble kitchen with an island bench and a master suite featuring a walk-in robe and an ensuite with a bathtub.&nbsp;

Secure car parks and a private storage room complete the unit.

Designed by the renowned <a href="/architects/bruce-henderson-architects">Bruce Henderson Architecture &amp; Interiors</a>, ESSENCE comprises 22 completed apartments spread across two distinct wings divided by a central courtyard.

The development includes 18 two or three-bedroom apartments with two bathrooms and two car parks, while the upper penthouse has four bedrooms and the remaining boasts three bedrooms, three bathrooms and three car parks.&nbsp;

<a href="/developers/kervale">Kervale</a> has smashed the <a href="/developments/brighton-vic-3186">Brighton</a> price record for selling the four-bedroom penthouse off-the-plan within its ESSENCE project for $10.2 million, equating to a whopping $22,000 sqm rate.&nbsp;

“The four-bedroom penthouse is the jewel in the crown, it has all the elements often reserved for an expansive house and truly is the epitome of luxury living in Brighton,” Kervale Sales Director Michael Ryan said.&nbsp;

Kervale Development Director, Stephen Horn said the sales were evidence the luxury apartment market is still thriving.&nbsp;

“The Brighton market is still thriving with buyers eager to capitalise on the limited new quality-focused stock hitting the market,” Horn said.&nbsp;

“ESSENCE offers a number of unique factors and features not available in nearby developments and the boutique nature of the project is highly appealing. This has led to a varied buyer demographic, ranging from young professionals to downsizers.”

[smartcode_project:default project_id=112893 project_image_fid=204989]

Located beneath the ground floor is a secluded set of amenities, including a private residents' area with a wine cellar, residents lounge area, private dining room, kitchenette, billiards table, and private gym and yoga studio.

Graham Morrison, Managing Director and Corporate Director of Bruce Henderson Architects, said the amenities on offer are reminiscent of a 6-star hotel.

“The idea behind the design was to be able to provide people with large homes to be able to downsize but still have the facilities they’re used to. In some cases they haven’t experienced this level of comfort before,” Morrison said.

In the parking area, amenities such as electric vehicle charging points, pet grooming facilities, bicycle storage, golf club lockers, and a car washing station make ESSENCE living unparalleled in terms of convenience.

[smartcode_project_cta:default project_id=112893]

Designed by the renowned Bruce Henderson Architecture & Interiors, ESSENCE comprises 22 completed apartments spread across two distinct wings divided by a central courtyard

One penthouse remaining in ESSENCE Brighton

National developer&nbsp;<a href="/developers/equire">Equire</a>&nbsp;has started to welcome off the plan apartment buyers into its recently completed Ivanhoe apartment development,&nbsp;<a href="/new-apartments/locale-ivanhoe-1023-heidelberg-road-ivanhoe">Locale</a>.

Construction firm&nbsp;<a href="/builders/balmain-co">Balmain &amp; Co</a>&nbsp;recently finished off the build of the <a href="/architects/dko-architecture">DKO Architecture</a>-designed building at 1023 Heidelberg Road, next to Darebin Station.

The development is home to&nbsp;44 apartments, characterised by open-plan layouts and high-quality finishes, including stone-topped Miele appliances and integrated fridge-freezers.

[smartcode_project:default project_id=8748 project_image_fid=274671]

Each apartment extends onto either a courtyard, terrace or balcony, blurring the lines between indoor and outdoor living, while double glazing and heating and cooling ensure comfort year-round, along with energy efficiency.&nbsp;

Located just nine kilometres from the CBD, residents are strategically placed to take in all the city centre has to offer, along with the best of <a href="/developments/ivanhoe-vic-3079">Ivanhoe</a>, including shops, cafes, restaurants, schools, public transport and lush parklands.

Completed two-bedroom apartments start from $760,000.

[smartcode_project_cta:default project_id=8748]

Locale is home to 44 apartments, characterised by open-plan layouts and high-quality finishes, including stone-topped Miele appliances and integrated fridge-freezers

Equire and Balmain & Co complete Ivanhoe apartment development, Locale

The development site of the recently launched The Highlander, one of the first Melbourne CBD towers to be launched for several years, has hit the market.

The 352 sqm site&nbsp;at <a href="/new-apartments/the-highlander-melbourne-490-flinders-street-melbourne">490 Flinders Street</a>&nbsp;and 1-9 Highlander Lane comes with approved plans for a 24-level tower designed by Metier 3.&nbsp;

[smartcode_project:default project_id=13067 project_image_fid=256355]

Singaporean investment firm Havenport Investments had been seeking to develop the building that has 35 apartments, a ground floor with a residential lobby, a cafe, retail spaces, a basement level with a car stacker for 10 vehicles, bicycle parking, and site services.

&nbsp;

&nbsp;

<a href="/project-marketer/colliers">Colliers</a> is expecting the site to sell for around $12 million.&nbsp;

&nbsp;

[smartcode_project:default project_id=13067 project_image_fid=256357]

Colliers, Head of Investment Services – Victoria, Matt Stagg, said the permitted project is well advanced, offering an approved building envelope, positioned to capitalise on the premium view lines over the Yarra River and the high-end amenity stemming from the Rialto precinct that is around 75 metres away.

“We expect both local and offshore build-to-sell developers to compete for the site, as apartment pre-sales rates are improving across Melbourne," Stagg said.

"Population growth estimates show Melbourne to have the largest forecast migration of all the capital cities in Australia in the next 10 years”.&nbsp;

&nbsp;

Colliers is expecting the site at 490 Flinders Street and 1-9 Highlander Lane to sell for around $12 million.

The Highlander, Melbourne development site hits the market

Balmoral Quay, one of the first residential developments in Rippleside in decades, has completed construction.

Ireland Brown Constructions recently completed the third and fourth stages of the Liverpool Street,&nbsp;<a href="/developments/rippleside-vic-3215">Rippleside</a>&nbsp;development, next to Balmoral Quay Marina.

Stages three and four comprise 44 two-level townhouses and 17 apartments.

The completion of <a href="/buildings/balmoral-quay-rippleside-43-liverpool-street-rippleside">Balmoral Quay</a>, which has been described as a "labour of love" by the developers, comes as the final release of sought-after waterfront homes, with only a limited number of ready-to-move-in units still available for sale.

[smartcode_project:default project_id=34180 project_image_fid=255187]

Designed by internationally acclaimed <a href="/architects/sjb-architects">SJB Architects</a>, the residences feature large, open-plan living spaces meeting terraces or balconies, and panoramic views across Corio Bay.

&nbsp;

Balmoral Quay is strategically located near <a href="/new-townhouses/geelong-vic-3220">Geelong</a>'s CBD, offering convenient access to urban amenities while also providing a serene environment with lush green parks nearby.

The harbourside residences at Balmoral Quay start at $1.785 million, while the parkside residences start from $1.95 million.

McGrath Projects is the project marketer handling sales at Balmoral Quay.

[smartcode_project_cta:default project_id=34180]

The harbourside residences at Balmoral Quay start at $1.785 million, while the parkside residences start from $1.95 million

Final residences remaining as Balmoral Quay Rippleside finishes construction

First home buyers have shown the most intent at Citinova's recently completed Greensborough apartment development, Albero.

Throughout its marketing campaign, Albero's price-pointed apartments have proven most popular with the first home buyer demographic, who now more than ever are seeking affordability.

The&nbsp;<a href="/developments/greensborough-vic-3088">Greensborough</a>&nbsp;project, north-east of <a href="/developments/melbourne-vic">Melbourne</a>, offers two-bedroom apartments ranging from $660,000 to $720,000.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240444]

Feedback from the Urban Community has been that Albero's location and floor plan designs have been the most highly-rated aspects of the development.

Biasol handled the interiors of Albero, which encapsulated a sense of home within the locality of Greensborough, with the design of the apartments guided by the surrounding landscape, rich in Australian natives and character.&nbsp;

The interiors have also been meticulously considered for ultimate liveability and practicality, tailoring each home with a deep understanding of the resident's needs.

[smartcode_project:default project_id=4722 project_image_fid=240440]

Designed with functionality in mind, the kitchens feature ample storage making hosting dinners effortless and enjoyable, while expansive balconies offer an al fresco dining experience in each home.&nbsp;

Generously sized balconies act as an extension of the homes and allow for exceptional indoor-outdoor living, along with dedicated communal spaces specific to the top two levels and an additional shared terrace for all to enjoy.

Offering a sustainable and timeless design, each residence at Albero features energy-efficient appliances, use of recycled rainwater, and expansive double-glazed windows that allow for an abundance of natural light to flood in and illuminate the interior spaces.&nbsp;

[smartcode_project:default project_id=4722 project_image_fid=240438]

Residents of Albero will be within close proximity to Greensborough’s generous transport offerings, with the newly developed Greensborough Station located just a short stroll away for residents needing to commute to the CBD.

While offering the convenience of being close to local amenities, Albero is also afforded the balance of being within walking distance of several walking trails and green open spaces.&nbsp;

[smartcode_project_cta:default project_id=4722]

Residents of Albero will be within close proximity to Greensborough’s generous transport offerings, with the newly developed Greensborough Station located just a short stroll away for residents needing to commute to the CBD

First home buyers target Citinova's Albero Greensborough apartments

Moonee Ponds is one of Melbourne's most walkable neighbourhoods.

There are significant amenities in the heart of the suburb, which include transport, retail, cafes, dining,&nbsp; and the renowned Moonee Valley Racecourse just a short walk from the village.

<a href="/developers/giancorp-property-group">Giancorp Property Group</a>&nbsp;were well aware of the walkability of the area when they secured a prime site at 6-14 Young Street where they've recently completed <a href="/buildings/penny-lane-moonee-ponds-6-14-young-street-moonee-ponds">Penny Lane</a>.

The project has an unbeatable WalkScore of 99 from WalkScore.com. Everything anyone could need is on the doorstep.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268942]

A three-minute walk down Young Street is&nbsp;the closest Woolworths, next door to Moonee Ponds Central that homes an ALDI, Anytime Fitness, Subway and several other hospitality venues.

Puckle St is just 200 metres away, with more cuisine restaurants and cafes reflective of Melbourne's famed laneway culture. Just off Puckle Street is the Moonee Ponds Station, an eight-minute walk from Penny Lane.

At the heart of Moonee Ponds is the newly established Palace Cinemas complex, boasting state-of-the-art facilities that promise an immersive cinematic experience.&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268934]

Ideally located at the heart of the city’s iconic racing district, Penny Lane is located a nine-minute walk from Moonee Valley Racecourse, the home of one Australia’s most prestigious horse race, the W.S. Cox Plate. The Melbourne Cup Carnival, held at Flemington Racecourse, is also within close reach, highlighting the area's vibrant sporting culture.

Just 500 metres away from Penny Lane and the bustle of <a href="/developments/moonee-ponds-vic-3039">Moonee Ponds</a> is Queens Park – Moonee Valley’s oldest and finest park, with a lake, a pool, a cottage café, and expansive exotic gardens.

&nbsp;

[smartcode_project:default project_id=1676 project_image_fid=268938]

Families will also enjoy the convenience of primary and secondary schools within 900 metres from Penny Lane, starting with Ascot Vale Primary School just 400 metres from home, St Monica's Primary School, Moonee Ponds Primary School, Lowther Hall Anglican Grammar School, and St Columba's College.

Designed by <a href="/architects/clarke-hopkins-clarke-0">Clarke Hopkins Clarke Architects</a>, Penny Lane comprises a total of 109 ready-to-move-in apartments, each offering generous balconies or terraces. It is also the focus on longevity, spatial planning, and environmental credentials that sets Penny Lane apart.

[smartcode_project_cta:default project_id=1676]

The project has an unbeatable WalkScore of 99 from WalkScore.com. Everything anyone could need is on the doorstep

Why Penny Lane apartments secured a 99 Walk Score in the heart of Moonee Ponds

It was a strong April for new apartment developments launching in Melbourne, with buyers offered up six new developments to talk about.

It's still far away from what's required, with both building approvals and completions at record lows, at a time when Melbourne is the fastest-growing city in terms of population.

The last update from the ABS saw Melbourne's population grow 167,500 people in 2022-23, above Sydney's 146,700.

There continues to be a large imbalance between new apartment developments being submitted, approved, and built, against the thousands heading to Melbourne to call it home. The demand is coming to the <a href="/developments/melbourne-vic">Melbourne off the plan apartment market</a>, and supply isn't.

We've wrapped up the six apartment developments that launched across Melbourne in April.

<h2>Project: Drummond House</h2>

<h3>Address: 482-492 Drummond Street, Carlton VIC 3053</h3>

<h3>Developer:&nbsp;Bensons Property</h3>

Longtime&nbsp;Melbourne&nbsp;developer&nbsp;<a href="/developers/bensons-property-group" target="">Bensons</a><a href="/developers/bensons-property-group">&nbsp;Property</a> has lifted the lid on their new&nbsp;<a href="/developments/carlton-vic-3053">Carlton apartment&nbsp;development</a>, Drummond House.

<a href="/new-apartments/drummond-house-482-492-drummond-street-carlton">Drummond House</a>, located in the heart of Carlton and on the fringe of Princes Park, has been designed by&nbsp;renowned architecture firm&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a>&nbsp;and is the only fully electric building in Carlton.

It will&nbsp;rise 13 levels and offer a mix of two, three and four-bedroom apartments with interiors by&nbsp;<a href="/interior-designers/sora-interior-architecture-design">SORA Interior Architects</a>.

<img alt="Launch Alert: Bensons reveal new Carlton apartment development, Drummond House" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Drummond%20House.png?VersionId=3SexcQgzKki8AZtsdnUC9FGJTAymGnS." />

The amenities offered at Drummond House include a wellness centre featuring a gym, salt room, sauna, and ice bath, along with additional areas such as private dining spaces, a kids' play area, and a business centre.&nbsp;

<a href="/builders/balmain-co">Balmain &amp; Co</a>&nbsp;has been appointed builder for Drummond House.

<h2>Project: Sculpt Hawthorn</h2>

<h3>Address: 43 Riversdale Road, Hawthorn VIC 6103</h3>

<h3>Developer:&nbsp;Monolith Projects</h3>

The market for off the plan apartments is so tight in&nbsp;<a href="/developments/hawthorn-vic-3122">Hawthorn</a>, the upcoming launch of Sculpt by Monolith Projects will make it the only off the plan development on the market in the sought-after inner&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;suburb.

Sculpt, crafted in&nbsp;collaboration with acclaimed design teams&nbsp;<a href="/interior-designers/mim-design">Mim Design</a>,&nbsp;<a href="/architects/parallel-workshop-architecture">Parallel Workshop</a>, and&nbsp;<a href="/architects/jack-merlo">Jack Merlo</a>, comprises just 18 two, three, and four-bedroom apartments in a&nbsp;<a href="/new-apartments/sculpt-hawthorn-43-riversdale-road-hawthorn-vic-3122">low-rise building on Riversdale Road</a>.

[smartcode_project:default project_id=144271 project_image_fid=270343]

Crowning Sculpt is the penthouse residence featuring palatial open-plan living areas beneath high ceilings and a stately kitchen.

Underpinned by an innovative design vision, Sculpt is also thoughtfully designed with sustainability at the forefront, with plans for a 10 kW Solar PV system on the rooftop, provision for AC electric vehicle charging, a 27kL in-ground rainwater tank for stormwater collection, and a comprehensive waste management system.

<h2>Project: No.1 Camberwell</h2>

<h3>Address: 1 Cooloongatta Road, Camberwell VIC 3124</h3>

<h3>Developer:&nbsp;Burbank Urban</h3>

Builder developer <a href="/builders/burbank-urban">Burbank Urban</a> has launched a limited release of homes in its new townhouse development in the heart of <a href="/developments/camberwell-vic-3124">Camberwell</a>.

<a href="/new-townhouses/no-1-camberwell-1-cooloongatta-road-camberwell">No.1 Camberwell</a> comprises 16 three and four-bedroom free-standing and semi-detached homes starting from $2.3 million.

<img alt="Burbank Urban launch No.1 Camberwell townhouses" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/No.1%20Camberwell%20back.jpg?VersionId=SGlqEV0Ro2yGpAcEjPKPU_jT3xBPoZSU" />

Designed by <a href="/architects/genton">Genton</a>, each home at No.1 Camberwell showcases a rare proposition in a premium location - unique architectural style, premium finishes, and diverse floor plans.

More than half of the homes sit on large corner lots with spacious courtyards and multiple perspectives, while over half of the 5,000 sqm plus site at 1 Cooloongatta Road, just off Riversdale Road, is dedicated to greenery and open space.

<h2>Project: Napier 235</h2>

<h3>Address: 235 Napier Street, Fitzroy VIC 3065</h3>

<h3>Developer:&nbsp;Romano Property Group (RPG)</h3>

<a href="/developers/romano-property-group">Romano Property Group</a> has unveiled its latest project, the Napier 235 apartment development, situated in the heart of <a href="/developments/fitzroy-vic-3065">Fitzroy</a>.&nbsp;

The fully integrated property developer led by Maurice Romani has launched <a href="/new-apartments/napier-235-235-napier-street-fitzroy">Napier 235</a>, a boutique project of just 14 two and three-bedroom apartments named after its ideal location at 235 Napier Street, near the Napier Hotel and Fitzroy's thriving hospitality scene.

<img alt="New Fitzroy apartment development, Napier 235, launches" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Napier%20235.jpg?VersionId=v9enxl9vGdz3Wwv35X76e6rcJ0LjVyIY" />

Designed by&nbsp;<a href="/architects/ewert-leaf">Ewert Leaf</a>, Napier 235 features sculptural geometric exteriors that blend with the lush green surroundings landscaped by&nbsp;<a href="/landscape-architect/florian-wild">Florian Wild</a>.&nbsp;

Napier 235 is recognised for its sustainability efforts, ranking in Victoria's top five per cent for sustainable developments as per Victorian Planning Policy benchmarks.

<h2>Project: Ancora at Collins Wharf</h2>

<h3>Address: 971 Collins Street, Docklands VIC 3008</h3>

<h3>Developer:&nbsp;Lendlease</h3>

Following the success of its most recent Collins Wharf apartment tower, <a href="/new-apartments/regatta-at-collins-wharf-docklands-951-collins-street-docklands">Regatta</a>, ASX-listed developer <a href="/developers/lendlease-development">Lendlease</a> has unveiled Ancora.

“<a href="/new-apartments/ancora-at-collins-wharf-docklands-971-collins-street-docklands-vic-3008">Ancora at Collins Wharf</a> is the next stage of our ongoing commitment to deliver more housing in prime locations in Melbourne, with the precinct stretching the city’s famed Collins Street further westwards to engage with the water, connecting its maritime past with the contemporary vibrancy of the city,” Daniel Dugina, Executive Director of Development at Lendlease, said.

<img alt="Lendlease unveil latest Collins Wharf apartment tower, Ancora" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-30%20at%208.06.02%20pm_0.png?VersionId=GOqhtremg4Py0hZrXpGO6wTpLbPektmi" />

<a href="/architects/warren-and-mahoney">Warren and Mahoney</a> have been engaged again to design Ancora, a 28-level tower with 303 residences that offer uninterrupted views of either Victoria Harbour towards the city or the Yarra River across to Port Phillip Bay.

Ancora residents will enjoy a hotel-style lobby with concierge service, a private dining room to entertain guests, and the lush, landscaped surrounds of two rooftop terraces located at level four and level 16 with panoramic views, plus a winter garden.

Construction of Ancora is set to commence later this year and is anticipated to be completed in 2027.

<h2>Project: New Johnston</h2>

<h3>Address: 398 Johnston Street, Abbotsford VIC 3067</h3>

<h3>Developer:&nbsp;DCF Property</h3>

It's been four years since <a href="/developments/abbotsford-vic-3067">Abbotsford</a>, in Melbourne's inner north-east, has seen a new apartment development launch.

Abbotsford's newest project, <a href="/new-apartments/new-johnston-abbotsford-400-johnston-street-abbotsford-vic-3067">New Johnston</a> by <a href="/developers/dcf-property">DCF Property</a>, sits at 398 Johnston, near Victoria Park Station and Victoria Park. It will comprise 46 one, two, and three-bedroom apartments across nine levels, on top of ground-level retail spaces.

[smartcode_project:default project_id=110322 project_image_fid=259891]

Designed by MA+CO Architects, New Johnston's architecture took inspiration from Abbotsford's industrial heritage, incorporating concrete, red brickwork, and metal detailing reminiscent of the area's historic warehouses.&nbsp;

With a WalkScore of 90, New Johnston's location offers residents easy access to a range of amenities, including the Yarra River, Victoria Park, and prestigious schools.

The demand is coming to the Melbourne off the plan apartment market, and supply isn't

Every new Melbourne apartment development launched in April

Cranes working on residential developments in Melbourne grew in the first quarter of 2024.

The latest edition of the Q1 2024 RLB Crane Index® reveals a measured uptick in crane activity across <a href="/developments/melbourne-vic">Melbourne</a>, with a 14 per cent rise in residential crane numbers compared to Q3 2023. The total number of residential cranes jumped from 94 to 107.

While heading in the right direction, only two of Melbourne's six main regions recorded gains in crane numbers. Melbourne's north is booming, with 26 cranes added, while there were five added to Melbourne's east.

There's been a jump in large development sites in Melbourne's north which command multiple cranes.&nbsp;

There are now&nbsp;three cranes at HOME in Alphington, two each at Glenvill's&nbsp;<a href="/new-apartments/yarrabend-alphington-57-parkview-road-alphington">YarraBend</a> in <a href="/developments/alphington-vic-3078">Alphington</a>, Ballarat Street in Brunswick, <a href="/buildings/pace-3058-coburg-9s-wardens-walk-coburg">PACE 3058</a> in <a href="/developments/coburg-vic-3058">Coburg</a> and Hamton's Moonee Valley Park in <a href="/developments/moonee-ponds-vic-3039">Moonee Ponds</a>.

[smartcode_project:default project_id=24822 project_image_fid=254449]

The residential sector continues to dominate crane activity in Melbourne, accounting for 55 per cent of all cranes in the city. While an uptick quarter on quarter, the total number of cranes is still five per cent lower than it was this time last year.

Most residential sub-sectors saw lower activity in 2023, with apartments down by 10.8 per cent and new houses down slightly by 0.4 per cent.

A total of 55 cranes were added to residential sites over the past six months, and 42 cranes were removed.

Despite being two of Australia's most populated cities, Sydney has 196 more cranes in the sky than <a href="/new-apartments/melbourne-vic">Melbourne</a>, which is contributing to the huge undersupply of new property in the Victorian capital.

Inner Melbourne recorded the same number of cranes as Q3 2023.

A total of 38 new cranes were added and the same number of cranes were removed. The residential, commercial and civil sectors each have more than 10 cranes. The sites with the most cranes in inner Melbourne are <a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands">Seafarers</a> by <a href="/new-apartments/docklands-vic-3008">Riverlee</a> in <a href="/developers/riverlee">Docklands</a>, Melbourne Quarter Tower by Lendlease and Local: Kensington.

Despite being two of Australia's most populated cities, Sydney has 196 more cranes in the sky than Melbourne, which is contributing to the huge undersupply of new property in the Victorian capital

Residential crane numbers paint bleak supply picture for Melbourne apartment supply: RLB Crane Index Melbourne Q1 2024

For centuries, Australia's oldest prisons have taken up prime land across the country.

It's the case in Sydney's Eastern Suburbs where Long Bay jail occupies 32 hectares of prime eastern suburbs real estate that has long been touted as a potential to somewhat curb some of Sydney's crippling housing supply issue.

In Brisbane, there's the now-closed H.M. Prison Brisbane, more commonly known as Boggo Road Gaol, one of the most notorious prisons in the country before it closed its doors in the 1980s. That still sits on a prime near 10-hectare block of land in Dutton Park, just south of the city and on the fringe of Woolloongabba, the focal point of the 2032 Brisbane Summer Olympics.

The Melbourne Assessment Prison is located in one of the most sought-after and busy spots in the heart of the Victorian capital, straddling both Spencer and La Trobe Streets in the heart of the city.

These prisons sit on blocks of land that will likely never be traded, which is why when the HMAS Pentridge Prison in Coburg shut down operations in the late 1990s, astute developers swooped on the 6.7-hectare parcel which is located near the centre of <a href="/developments/coburg-vic-3058">Coburg</a>.

One of those developers was Pace, who secured a site that was formerly the exercise yard of the prison. The site Pace acquired left them with a relatively blank canvas compared to some other developers who bought parts of the prison which had to be retained as part of the redevelopment.

[smartcode_project:default project_id=24822 project_image_fid=254327]

While not having to follow strict heritage rules, architecture firm <a href="/architects/sjb-architects">SJB Architects</a> still looked to the old prison for inspiration.

"You see the old bluestone walls and you want to embrace its history," former SJB Director Tristan Wong said.

"It's so important, and it is a special part of Coburg's history. Those memories are still there and very visible, but there's now just this much more, community-focused, locally-inspired project. it's like it's had this rebirth or regeneration of its former youth."

[smartcode_project:default project_id=24822 project_image_fid=254339]

Pace will soon be welcoming residents to&nbsp;<a href="/buildings/pace-3058-coburg-9s-wardens-walk-coburg">Pace 3058</a>, a collection of 311 apartments and townhouses&nbsp;that are slated for completion in the coming months.

The location has been a major driver in interest given it's just 13-minute walk from Coburg Station and the town centre.

Nestled behind Sydney Road, Pace 3058 is surrounded by expansive parklands, bike trails, and a diverse selection of restaurants and cafes.

The nearest park,&nbsp;Coburg Lake Reserve, is&nbsp;only an eight-minute stroll from Pace 3058, offering picnic areas, playgrounds, barbecue facilities, and walking and bike paths surrounding the lake.&nbsp;There is also a Palace Cinemas within a five-minute walk of Pace 3058.

[smartcode_project:default project_id=24822 project_image_fid=254321]

Jackson Reserve, a busier recreational park, featuring&nbsp;an off-leash dog area,&nbsp;a playground, an adjoining basketball stadium, and a track and field oval&nbsp;is just a quick five-minute drive away.

Several retail and dining options also surround the development, starting with The Boot Factory across the street, The Glass Den towards the rear of the property, and O’Hey Cafe an eight-minute walk away.&nbsp;

Moreover, residents are only a three-minute walk to Coburg Farmers’ Market, five minutes to Ritchies IGA Fine Food and Wine Merchants, and just within a kilometre from the closest Woolworths and Coles.

[smartcode_project:default project_id=24822 project_image_fid=254326]

Completing the ideal location checklist for family buyers, Pace 3058 not only offers proximity to parks, playgrounds, retail, and dining options but also sits just 400 metres from Coburg Primary School and 850 metres from Coburg High School.

Health services are also nearby, with Merri Health only an eight-minute walk, and Harding Street Medical Centre, a five-minute drive away from Pace 3058.

Prospective buyers can choose from one, two, and three-bedroom DDA-compliant apartments, as well as double-storey three-bedroom townhouses.

[smartcode_project_cta:default project_id=24822]

Latest Victoria Property News

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Victoria Property News

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News