<a href="https://www.apartments.com.au/new-apartments/smith-by-valli-collingwood-224-228-smith-street-collingwood-vic-3066">Smith Collingwood</a> is a new boutique apartment development bringing a refined, design-led approach to one of Melbourne’s most established inner-city neighbourhoods.

Designed by <a href="https://www.apartments.com.au/architects/pandolfini-architects">Pandolfini Architects</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/lisa-buxton-interiors">Lisa Buxton</a>, Smith by Valli sits on iconic Smith Street and comprises just 22 residences tailored toward owner-occupiers seeking a more considered style of apartment living.

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The design of Smith focuses on a north-facing orientation across all residences, a relatively uncommon feature in dense inner-Melbourne settings. Each apartment has been planned to maximise natural light and outlook, alongside a material palette defined by warm tones, custom joinery, and a full suite of Gaggenau appliances.

The development comprises a mix of one, two, and three-bedroom apartments, with pricing currently ranging from just under $1 million to around $4.85 million for the premium penthouse-level residences, reflecting growing demand for luxury owner-occupier product in Melbourne’s inner urban market.

Residents will also have access to a private rooftop garden designed as an elevated retreat above the city, &nbsp;featuring curated landscaping, veggie boxes, intimate seating areas and spaces for relaxed gatherings. Sustainability has also been integrated into the project through a 7-star energy rating and two secure bicycle facilities for every residence.

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Smith by Valli sits in the heart of one of Melbourne’s most established retail and hospitality strips, within walking distance of venues such as Falco Bakery, Carnation Canteen and Alimentari, alongside parks and everyday services. With a Walk Score of 99, the location reinforces the project’s positioning toward buyers prioritising walkability and access over car dependency.

With only a limited number of residences, Smith reflects growing demand for smaller, highly curated apartment developments that prioritise design quality, liveability, and connection to neighbourhood character.

[smartcode_project_cta:default project_id=140747]

Joel Robinson

Smith by Valli delivers a refined collection of luxury residences to Melbourne’s inner north

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"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.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“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," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "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."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD Group</a> has set a new residential price record in Queensland with the $30 million sale of the penthouse at its <a href="https://www.apartments.com.au/new-apartments/one-burleigh-88-the-esplanade-burleigh-heads-qld-4220">ONE Burleigh</a> development in Burleigh Heads.

The sale equates to around $37,500 per sqm.

The two-level, 800 sqm penthouse, featuring five bedrooms, five bathrooms, five car spaces, and a private infinity pool overlooking the Pacific Ocean, was acquired by a Gold Coast-based entrepreneur, highlighting continued demand for ultra-premium beachfront product.

Selling agent Freddie Tehle of PRD Burleigh Heads said the result reflects tightening supply of high-quality, large-format apartments in Burleigh.

“There’s very limited opportunity to secure this level of scale and absolute beachfront position in <a href="https://www.apartments.com.au/developments/burleigh-heads-qld-4220">Burleigh Heads</a>,” Tehle said.

“Buyers are increasingly seeking apartments that genuinely replace a standalone home, and this penthouse delivers that with its size, privacy, and direct ocean frontage.”

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The sale comes as construction progresses on ONE Burleigh, a boutique development of 17 full-floor residences at 88 The Esplanade, scheduled for completion in early 2027.

Developed by MAYD Group and designed by <a href="https://www.apartments.com.au/architects/mas-architecture-studio">MAS Architecture</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/sici-design">Sici Design</a>, the project has been positioned as a collection of house-sized beachfront apartments, each occupying an entire floor with around 381 sqm of internal and external living space.

When construction commenced, MAYD director Todd Mould pointed to the long-term resilience of premium coastal real estate as a key driver behind the project.

“Real estate, particularly at the premium end, remains one of the most resilient and proven long-term investment avenues,” Mould said.

“Our ambition is that anyone who buys a MAYD-built product can genuinely feel the care, craftsmanship and commitment we bring to every detail.”

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Each residence has been configured with four bedrooms, multiple living zones, a private office, and expansive ocean-facing terraces. Interiors draw on a restrained material palette, including travertine stone, timber joinery, and integrated premium appliances.

Interior designer Sici Design said the approach was to reflect the project’s coastal setting through both materiality and spatial planning.

“ONE Burleigh is our vision of luxury living, designed to bring the essence of Burleigh Heads' vibrant coastal beauty into an unparalleled residential experience.”

Residents will have access to a suite of wellness-focused amenities, including pools, sauna facilities, and dedicated relaxation spaces, reflecting a broader shift toward lifestyle-driven apartment design on the Gold Coast.

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The project occupies a southern Esplanade site with uninterrupted beachfront frontage, an increasingly rare offering in Burleigh Heads, free from the Norfolk Pines that line much of the coastline and often limit direct ocean outlook.

Mould said the design intent was to balance that outlook with a sense of retreat.

“Living at ONE Burleigh is about how your day naturally unfolds, morning light across the ocean, coffee on the balcony, and being in Burleigh but elevated above the noise.”

The result further reinforces Burleigh Heads’ emergence as one of the Gold Coast’s most tightly held and supply-constrained beachfront markets, where boutique, owner-occupier-focused developments are increasingly setting new price benchmarks.

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MAYD Group sets Queensland record with $30 million penthouse sale at ONE Burleigh in Burleigh Heads

Apartment developers in the Gold Coast are finding new, creative ways to differentiate themselves from competing projects, as new supply starts to flow through up and down the Coast.

Developer BIG Projects brought in the renowned Sydney-based design studio YSG Studio to craft the interiors for The Frederick, BIG Projects' new Mermaid Beach project and YSG Studio's first move into the multi-residential development space.

[smartcode_project:default project_id=110588 project_image_fid=5346]

It was a strategic move for BIG Projects to bring in a Sydney eye to the development.

“Our role is to give our design partners the space and freedom to explore,” says Matt Barrett, Director of BIG Projects.

“We wanted YSG Studio to capture the essence of Nobby’s, to design a building that embraces life, light and connection, while creating a genuine sense of place.”

There are only 39 apartments in The Frederick, including a striking beach house, just 100 metres from the booming Nobby Beach precinct.&nbsp;

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Yasmine Ghoniem, Director of YSG Studio, says their vision&nbsp;for The Frederick "reinvents coastal living."

“Nobby’s has such an iconic energy, it’s one of those rare pockets of the Gold Coast where the community, the beach, and the streets all feel connected,” Ghoniem says.

"Responding to the neighbouring coastline, soothing curves add a relaxing regional overlay, while unique detailing really sets it apart. It’s a place that feels lived in from the moment you step inside.”

A standout feature of The Frederick is its rooftop terrace, an uncommon inclusion for a boutique, low-rise building, where amenity is typically concentrated at ground level.

[smartcode_project:default project_id=110588 project_image_fid=5360]

Positioned to capture panoramic views from the hinterland to the ocean, the rooftop has been designed as a series of intimate zones. It includes a pool, sauna, sun decks, workspaces and dedicated entertaining areas.

“The rooftop was conceived as a collection of spaces where residents can unwind and connect, an extension of the Nobby’s lifestyle,” Barrett says.

Architecture for the project was led by Plus Studio, with landscape design by LDG Landscape Architecture.

SRQ Projects Director Nick Clydsdale, who is handling sales at The Frederick, says the majority of enquiry is coming from South East QLD and Victorian buyers who have been actively searching between Broadbeach and Mermaid Beach for some time.

"They’ve reviewed a number of projects, however this one has stood out for its unique detailing and compelling design,"&nbsp;Clydsdale says.

Site demolition is slated for this month, with construction commencing soon after. BIG Projects is targeting a late 2027 completion.

[smartcode_project_cta:default project_id=110588]

Sydney’s YSG Studio makes Gold Coast multi-residential debut with BIG Projects at The Frederick

Melbourne-based property developer ALTA Property has this week achieved planning approval for the adaptive re-use of a former commercial tower into a $200 million, 169-apartment project at 10 Queens Road, one of the last developable sites along the Albert Park Lake-fronting boulevard.&nbsp;

Set within one of Melbourne’s most sought-after precincts and designed by <a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser and Partners</a>, the illustrious building will offer unparalleled views across Albert Park Lake, Port Phillip Bay and Melbourne CBD.&nbsp;

The mix of 1, 2 and 3-bedroom residences will be complemented by a ground-floor amenity featuring private dining, a lounge bar, gym and wellness spaces, co-working, outdoor communal gardens, and retail.&nbsp;

The 17-storey building is a masterclass in adaptive re-use, with the existing commercial building’s façade, shell and internal structure to be retained, before high-end residences are built from the ground up in a newly built Albert Park facing addition to the building.&nbsp;

Sitting atop the building will be two 320+sqm penthouses with private rooftop terraces, which are expected to be priced between $9 - $11 million.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="aa11211b-5581-43f9-940c-fc84d30a0e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/C_04.png?VersionId=Yhf5p_1EgGDu_zOIMFgvA8Ug8j3sTFQs" />

Architecturally, the building will feature a curved, geometric façade that celebrates and elevates the existing structure, with warm, muted tones which were selected to extend the materiality of the existing building rather than contrast it.&nbsp;

Interiors will bring together three metre high ceilings with waffle concrete in some spaces, natural timber, granite and Australian materials, culminating in crafted, generous and considered spaces that are defined by authenticity.&nbsp;

The adaptive re-use means that the Queens Road project will be a sustainability led, high-quality finished product, with a 62% saving in carbon emissions by re-using the existing structure rather than knocking it down and rebuilding.&nbsp;

ALTA Property was launched by Nigel Givoni in 2023, bringing over 25 years of experience in multi level residential delivery.&nbsp;

Melbourne’s property market growth is currently led by apartments. According to RPM VIC Apartments &amp; Townhomes Market Report (April 2026), units are outpacing houses, especially in the middle ring suburbs where median prices hit $757,500 – a four-year high that represents 2.9 percent growth quarter-on-quarter.&nbsp;

<img alt="ALTA Property achieves permit approval for $200 million Queens Road tower" data-entity-type="file" data-entity-uuid="647e13d7-b4bc-433a-9bc9-fe3c3dd4f2ec" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/V_06.png?VersionId=ou4NUCWUgA3NAy.6CQJlEdKX50j3dOk6" />

For ALTA Property Founder Nigel Givoni, this performance speaks to the confidence he has in the Melbourne market.&nbsp;

“Queens Road represents a rare opportunity to continue to shape our presence in the Melbourne market.,"&nbsp;Givoni says.

"With a considered project team and a premier site along one of the city’s most sought-after boulevards, we look forward to contributing to the fabric of this established address.

“Other Australian markets are getting a lot of attention, but I believe the depth of value in Melbourne is being overlooked. The fundamentals are strong, population growth is steady and, based on our preliminary conversations with a leading builder, construction costs are beginning to normalise, creating further opportunity."

Givoni says the project is a&nbsp;highly considered example of adaptive re-use, delivering quality, high-end residences, premium hotel-inspired amenities and an architecturally striking façade, all achieved without the need to remove the existing structure.

"We are really looking forward to the market’s response,” he said.&nbsp;

ALTA Property to deliver $200 million Queens Road apartment tower

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?

Sunkin Property Group is offering buyers a rare opportunity to kit their future homes at the new Highett Common masterplan in Highett, with furniture carefully curated by leading furniture company, Coco Republic.

New purchasers can secure a furniture package from Coco Republic for $12,000, which includes a&nbsp;private styling consultation with one of their experienced interior designers.

The offer gives future buyers a chance to replicate the impressive display suite which features <a href="/interior-designers/coco-republic-interior-design">Coco Republic</a> furniture.

<blockquote>
Visit Highett Common display suite May 4th&nbsp;11am – 1pm for a special presentation with Rohan Smith on recent design trends and Coco Republic’s design services. Light refreshments and food provided. Enquire via Apartments.com.au to register your attendance.&nbsp;

&nbsp;

Thanks to Coco Republic, new purchasers at Highett Common receive a $12,000 furniture package to elevate their new homes, available until the end of April.* The package includes a private styling consultation with one of their experienced Interior Designers.
</blockquote>

[smartcode_project:default project_id=108019 project_image_fid=212514]

Coco Republic’s Senior Interior Designer, Rohan Smith, who&nbsp;collaborates with project designers and architects to curate a furniture selection that is both functional and complementary to a project’s overarching design, says there are a number of growing interior trends coming through in 2024.

“With a growing focus on environmental consciousness, sustainable interior design is expected to continue gaining traction,” Smith says.&nbsp;

“Sustainability, including the use of recycled materials, energy-efficient appliances and fixtures, and a general emphasis on eco-friendly practices is a trend I envisage will dominate in 2024.”

Smith&nbsp;predicts that more homeowners will look to add a sense of individuality to their spaces, utilising eclectic design elements that combine different styles and eras from the design world.&nbsp;

“Mixing styles and periods allows individuals to express their personalities and create spaces that reflect their own tastes and life experiences."&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=212517]

Smith says as technology advances, seamlessly integrating smart home features into interior design has become increasingly popular.

"This includes smart lighting, climate control, automated window treatments, and other connected home technologies,” Smith explained.&nbsp;

Every resident at Highett Common will have access to <a href="/new-apartments/highett-vic-3190">Highett</a> Common Connect, a dedicated resident’s app that will provide residents with everything they need at their fingertips.&nbsp;

Designed as the digital heartbeat of the community, the app will offer an unrivalled level of convenience, connecting neighbours to each other and the local community while offering an easy way to reserve resident amenities and utilise in-home services.

[smartcode_project:default project_id=108019 project_image_fid=219403]

As far as colours go, Smith's believes in incorporating natural, earthy materials including solid timber, leathers, linens, and natural stone, all emphasising the focus on a neutral, calming environment.

Creating harmony between the built forms and landscape has been prioritised at Highett Common, with a focus on neutral tones and natural materials.

Highett Common’s environmental goals will also see the site become <a href="/news/vic/highett-common-2023-s-largest-urban-renewal-precinct-prioritises-conservation-and-enhancement-of-green-space">Victoria’s first net zero medium-density community</a>.&nbsp;

Sunkin is well advanced in the construction of the first stage at <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>. They recently released their <a href="/news/vic/sunkin-launch-townhomes-at-highett-common-after-park-house-success">first collection of townhouses</a> in the enviro-friendly development.

[smartcode_project_cta:default project_id=108019]

Coco Republic’s Senior Interior Designer, Rohan Smith, says there are a number of growing interior trends coming through in 2024.



Sunkin team up with Coco Republic at Highett Common

The RBA looks to have adopted a neutral approach to the official cash rate after an aggressive rate hike cycle that saw the cash rate jump from a record low 0.1 per cent to 4.35 per cent.

The increase knocked the first home buyer and investor markets the most, as lending capability shrunk month on month from May 2022.

But now they seem to be back in the frame with consecutive rate holds from the RBA. While there's been no cuts and their budgets are much smaller than they were two years ago, there's the belief the next rate move will be down, which is encouraging the two cohorts back into the market.

They're still looking for affordability, now more than ever. But with a lack of new supply coming to the market at an affordable price point, given the cost of construction of large towers that home one or two-bedroom apartments, then it's important for prospective buyers to look at projects that are already in market, particularly those that are under construction.

Amid a limited market for the entry-level buyer, we've cast our eye over the whole of Melbourne and wrapped up the best apartment developments that have apartments under the $600,000 mark.

<h2>Project: The Queensbridge Building</h2>

<h2>Location: 90 Queensbridge Street, Southbank VIC 3006</h2>

<h2>Developer: Time and Place</h2>

<h2>Price: From $600,000</h2>

<a href="/developers/time-place">Time &amp; Place</a>, in collaboration with <a href="/developers/maxcap-group">MaxCap Group</a>, is delivering <a href="/new-apartments/the-queensbridge-building-southbank-90-queensbridge-street-southbank">The Queensbridge Building</a> in <a href="/developments/southbank-vic-3006">Southbank</a> housing 367 apartments along with its The Clubhouse amenities and a $150 million Hannah St. Hotel with 188 rooms.

The one-bedroom, one-study, and one-bathroom unit at the 62-storey mixed-use development starts at $600,000.

[smartcode_project:default project_id=1504 project_image_fid=208255]

Each of the apartments can be customised with multiple choices of finishes rarely available to any development.

[smartcode_project:default project_id=1504 project_image_fid=218169]

Residents will have access to The Clubhouse amenities, managed by an experienced director, which include communal dining areas, a pool house, a gym, a yoga room, and a private Izakaya.&nbsp;

Time &amp; Place have also teamed up with TFE Hotels to bring Hannah St. Hotel, a $150 million 188-room hotel, to The Queensbridge Building.

The Queensbridge Building is currently under construction by <a href="/builders/hickory">Hickory</a> and is expected to be completed in September 2025.

<h2>Project: BLVD at Melbourne Square</h2>

<h2>Location: 19 Hoff Boulevard, Southbank VIC 3006</h2>

<h2>Developer: OSK Property</h2>

<h2>Price: From $541,000</h2>

<a href="/developers/osk-property">OSK Property</a> has completed two towers at their multi-award-winning <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> precinct, and last year they launched the third, BLVD at Melbourne Square.

<a href="/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a> is a 73-level skyscraper with just under 600 apartments and extensive resident amenities and wellness facilities. The apartments range from one to three bedrooms, with the one-bedders priced from $541,000.&nbsp;

[smartcode_project:default project_id=107714 project_image_fid=227201]

BLVD was designed by <a href="/architects/cox-architecture">COX Architecture</a> with tomorrow's living standards in mind, focusing on wellness, connectivity, and community.

The integration of industry-leading technology and connectivity within BLVD ensures that residents can personalise their living spaces and streamline their everyday lives.

While tech advancements are often the future, so are sustainability and wellness. Central to the ethos of BLVD is the pursuit of WELL Certification, a world-leading framework that prioritises the health and well-being of residents.

[smartcode_project:default project_id=107714 project_image_fid=214124]

To increase the wellness of its residents, OSK Property doubled down on amenities and facilities within the building. They have a 25-metre indoor swimming pool, a gym, a sauna, a Zen garden, alfresco dining areas with barbecue facilities, and top-of-the-line entertainment facilities including residents' lounges, dining rooms, a cinema/karaoke room, and even a golf simulator.&nbsp;

They've also catered for the growing work-from-home trend with co-working spaces, meeting rooms and private booths to work from.

BLVD is expected to be completed in early 2027.

<h2>Project: Pace 3058</h2>

<h2>Location: 9S Wardens Walk, Coburg VIC 3058</h2>

<h2>Developer: Pace Development Group</h2>

<h2>Price From $490,000</h2>

Longtime developer <a href="/developers/pace-development-group">Pace</a> is getting closer to seeing its <a href="/developments/coburg-vic-3058">Coburg</a> residential development, Pace 3058, complete on what was once the exercise yard for Her Majesty’s Prison Pentridge, nestled just behind Sydney Road and surrounded by wide-open parklands, bike trails, and eclectic restaurants and cafes.

<a href="/buildings/pace-3058-coburg-9s-wardens-walk-coburg">Pace 3058</a> is a collection of 311 apartments and townhouses designed by <a href="/architects/sjb-architects">SJB Architects</a>.

[smartcode_project:default project_id=24822 project_image_fid=254449]

Pace has collaborated with Studio Wonder for interiors of the one, two, and three-bedroom apartments, with the one-bedroom, one-bathroom unit starting at $490,000 and the townhouses at $920,000.

Pace 3058 will activate the ground level with a downstairs retail store, plazas and walkways.

The rooftop will be furnished with sitting arrangements and shaded barbecue areas—all overlooking city views.

[smartcode_project:default project_id=24822 project_image_fid=254334]

Furthermore, Pace 3058 is an all-electric development, incorporating sustainable features such as solar panels, double-glazed and Low-E windows, along with an abundance of green spaces to mitigate the heat-island effect.

Construction of Pace 3058 by <a href="/builders/pace-constructions">Pace Constructions</a> is on track for completion in May 2024.

Amid a limited market for the entry-level buyer, we've cast our eye over the whole of Melbourne and wrapped up the best apartment developments that have apartments under the $600,000 mark

First home buyer and investor alert: Melbourne's best off the plan apartments under $600k selling in April 2024

Prominent Malaysian developer OSK Property, the team behind the $2.8 billion Melbourne Square, has&nbsp;announced award-winning local artist Troy Emery as the winner of its art competition to design a new sculptural landmark in the city.

OSK Property hosted the competition to select the winning artist to design a visual gateway, which will connect Melbourne Square with its neighbouring arts precinct through a large-scale and visually striking sculptural artwork.

Acknowledging the site’s significant visibility from the Westgate Freeway and surrounding southeast locale, the artwork – which will feature prominently with its 18m x 15m design – aims to support the thoughtful curation of Melbourne Square’s placemaking, punctuated by Southbank’s focus on art, design and heritage.

Global art firm UAP (Urban Art Projects) – who OSK Property engaged as public art consultants for Melbourne Square – oversaw the entire competition process.

UAP put forward a selection of eight Melbourne-based artists whose creativity was synonymous with Melbourne’s renowned arts scene and those who could contribute a visionary and bold artwork to Melbourne’s skyline.

OSK Property then shortlisted three artists whose practices were diverse from one another, ensuring the final three concept designs would be highly unique.

After working with the three artists, UAP presented the three concept designs to OSK Property who selected Troy Emery’s ‘Guardian Lion’ to be commissioned due to its vibrancy, ability to engage with the site and representation of Melbourne’s rich tapestry of public artworks.

<img alt="Melbourne Square" data-entity-type="file" data-entity-uuid="d9e1464b-ceab-41f7-80af-cc913b173963" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-11%20at%205.51.51%20pm.png?VersionId=lc7BeiUBTgyWCwS7cGokTrNO_zFCNrZU" />

To be fabricated in UAP’s workshop, ‘Guardian Lion’ will stand as a reflection of Melbourne’s dynamic, creative community.

Emery, whose work examines the discourse surrounding human interactions within the natural world and has recently appeared at the National Gallery of Victoria, was a natural fit for the project’s ‘Together, in Nature’ ethos.

His winning concept, ‘Guardian Lion’, draws inspiration from traditional Chinese architecture and Japanese symbolism, whereby lions and dogs guard the entrances to shrines and signify strength.

Similarly, ‘Guardian Lion’ is seen to guard the grounds and people within Southbank, standing as a protector welcoming people to the city, akin to Richmond’s beloved Vinegar Skipping girl who has graced the skies of Victoria Street for generations of Melburnians to enjoy.

[smartcode_project:default project_id=107714 project_image_fid=211874]

Emery drew on Victorian folklore to embed the piece with Australian context, specifically referencing a Melburnian story of the ‘Grampians big cat’ – a mythical big cat living in the Grampians Mountains of regional Victoria.

“I want Guardian Lion to make people happy, to give people a sense of companionship as they travel through the area, like a friendly neighbourhood cat that greets passers-by," Emery said.

"Guardian Lion is a surrogate pet for the neighbourhood and for the city.

“One part of the brief that I particularly resonated with was the idea that Melbourne Square is a ‘gateway to the creative precinct.’ The NGV, Arts Centre, VCA, ACCA, and Malthouse Theatre are all close neighbours, and the work’s location is a gateway to the CBD, so I set out to design a figure that will welcome people to the area.

“This is such an incredible opportunity to contribute to the cityscape of Melbourne with a large-scale public artwork, and I’m excited to have my work join a library of so many great artworks around the city."

[smartcode_project:default project_id=2929 project_image_fid=255379]

Emery said the&nbsp;intense spectrum of colour in the work not only is an antidote to the greys and browns of the cityscape, but serves to reiterate the fantastical spectrum of the natural world, where the intense colours represent the magical qualities of life on earth.

OSK Property Australia’s CEO, Chong Boon Woon, said the artwork will create a Melbourne landmark to welcome visitors to the CBD.

“We are deeply inspired by the power of public art to transform spaces and communities. Our decision to commission 'Guardian Lion' for Melbourne Square is underpinned by our desire to contribute a long-lasting and meaningful piece to the vibrant cultural tapestry of Southbank."

Guardian Lion’s laser-cut aluminium fixture with LED flex lighting demonstrates an intense spectrum of colour that will be unmissable from those entering the city from the south or passing by on the Westgate Freeway.

[smartcode_project_cta:default project_id=107714]

Global art firm UAP (Urban Art Projects) – who OSK Property engaged as public art consultants for Melbourne Square – oversaw the entire competition process

OSK Property commission LED artwork at $2.8 billion Melbourne Square precinct

Located in the tightly-held suburb of Kooyong, apartment development Mansard by developer <a href="/developers/bon-yang-group">Bon Yang Group</a> offers a unique opportunity to become part of Melbourne's affluent residential landscape.&nbsp;

"<a href="/buildings/mansard-kooyong-709-713-toorak-road-kooyong">Mansard</a> really is such a rare opportunity to buy a brand new apartment in Kooyong,&nbsp;<a href="/project-marketer/jellis-craig-projects">Jellis Craig Projects</a>&nbsp;Director Stephen Bowtell says.

"There's less than 500 houses and apartments in the whole suburb. These opportunities don't come around often."

[smartcode_project:default project_id=136666 project_image_fid=207850]

Nestled within Kooyong's verdant landscape, Mansard is surrounded by wide tree-lined streets, parklands, and easy access to various recreational amenities including the <a href="/developments/kooyong-vic-3144">Kooyong</a> Lawn Tennis Club, known as "The Spiritual Home of Tennis in Australia," where the prestigious Kooyong Classic is held annually.

Sir Robert Menzies Reserve, just steps away, offers an off-leash oval for a kick of football or playtime with dogs, Gardiner’s Creek Trail is also a few moments away for resident cyclists, while residents are a quick stroll over to Kooyong Gardens for a leisurely weekend picnics.&nbsp;

[smartcode_project:default project_id=136666 project_image_fid=207856]

Coffee enthusiasts will find themselves in paradise, surrounded by top-notch cafes like Clubhouse and Brother’s Keeper, each offering unique flavours and atmospheres.&nbsp;

As the day transitions into night, wine bars and restaurants come alive, from Asian-inspired breakfasts at Saint Jaxie Cafe to vino at Milton Wine Shop and fresh pasta and wood-fired pizza at Matteo’s down the road.

[smartcode_project:default project_id=136666 project_image_fid=207864]

Despite its peaceful ambience, Kooyong maintains excellent connectivity to wider <a href="/new-apartments/melbourne-vic">Melbourne</a>, with efficient public transport options including trains and trams. Residents can enjoy a 15-minute commute to the CBD and easy access to esteemed educational institutions, making Kooyong a desirable location for professionals and families alike.

Families at Mansard will benefit from proximity to renowned schools like Lauriston, St Kevin's, and Camberwell Grammar.

[smartcode_project:default project_id=136666 project_image_fid=207865]

Bowtell expects the project to resonate with downsizers already within the Kooyong, <a href="/new-apartments/toorak-vic-3142">Toorak</a> belt, or those who want to enter one of Melbourne's most exclusive areas.

"There are 16 apartments divided into three separate buildings, <a href="/interior-designers/carr-interiors">Carr</a>'s thoughtful design has provided a maximum of only four apartments on each level, further adding to the project's boutique nature.”

There are a mix of two and three-bedroom apartments, starting from $1,495,000.

[smartcode_project_cta:default project_id=136666]

Families at Mansard will benefit from proximity to renowned schools like Lauriston, St Kevin's, and Camberwell Grammar.

Why families are showing interest in Kooyong's rare new apartment development, Mansard

Longtime Melbourne developer&nbsp;Bensons Property has lifted the lid on their new Carlton apartment development, Drummond House, a project that promises to be one of the most technologically advanced buildings in Melbourne.

<a href="/new-apartments/drummond-house-482-492-drummond-street-carlton">Drummond House</a>, at 482-492 Drummond Street in the heart of <a href="/new-apartments/carlton-vic-3053">Carlton</a> and on the fringe of Princes Park, has been designed by&nbsp;renowned architecture firm&nbsp;<a href="/architects/fk-australia">Fender Katsalidis</a>, will&nbsp;rise 13 levels and offer a mix of two, three and four-bedroom apartments with interiors by&nbsp;Sora Interior Architects.

Each apartment is home-automated, which residents can control through the connecX Smart Building mobile app.

<img alt="Drummond House - Living Area" data-entity-type="file" data-entity-uuid="7e75bf57-bdbc-42db-90ca-fb3539a602f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Drummond%20House%20Interior.png?VersionId=FIyruWu49oqE2qSRZmyMPHGdOnRBCBi2" />

Drummond House will target an 8.7-star energy rating, aligning itself with modern sustainability standards.

The kitchen will be equipped with smart appliances such as Siemens intelligent cooking appliances and a Samsung smart fridge, while air purification systems equipped with UV lights will also be installed in all residences.<img alt="Drummond House - Open Air Cinema" data-entity-type="file" data-entity-uuid="1c2da1f2-a93b-4502-90d9-7c1b94955d5e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Drummond%20House%20Cinema.png?VersionId=EC80lxoXwR6WByYDuwtLNIwhQ6RkemrV" />

The amenities offered at Drummond House are also technology-centred, designed to make the lives of its residents well-rounded and convenient.

The amenities 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;

Convenience is further elevated with amenities like a car and dog wash, a dedicated concierge service, and number plate recognition technology for seamless access.

<a href="/builders/balmain-co">Balmain &amp; Co</a> has been appointed builder for Drummond House.

<a href="/developers/bensons-property-group">Bensons</a>&nbsp;recently completed their <a href="/new-apartments/footscray-vic-3011">Footscray</a> apartment development <a href="/buildings/liberty-one-1-warde-street-footscray">Liberty One</a>. They're currently developing <a href="/new-apartments/society-armadale-83-wattletree-road-armadale-vic-3143">Society Armadale</a>, as well as <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a>, Chevron Island's tallest skyscraper, on the <a href="/developments/gold-coast-qld">Gold Coast</a>.

Drummond House will target an 8.7-star energy rating, aligning itself with modern sustainability standards

Launch Alert: Bensons reveal new Carlton apartment development, Drummond House

Melbourne's Southbank continues to grow as a bustling urban hub, witnessing substantial development and transformation over the last decade.

Positioned just south of <a href="/developments/melbourne-vic">Melbourne</a>'s CBD and flanked by the picturesque Yarra River, the skyline is now dominated by residential high-rises, with property developer <a href="/developers/landence">Landence</a> contributing to this urban evolution through their 24-level apartment development, <a href="/buildings/the-evermore-southbank-58-66-dorcas-street-southbank">The Evermore</a>.

Nestled in a safe, quiet, and leafy locale bordering&nbsp;<a href="/developments/south-melbourne-vic-3205">South Melbourne</a>&nbsp;and <a href="/developments/south-yarra-vic-3141">South Yarra</a>, The Evermore offers a ready-to-move-in option for prospective buyers.&nbsp;

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237906]

Its strategic location, with convenient access to major transportation networks, including train stations and tram lines, places it within minutes of Melbourne's vibrant CBD.

Delivering 366 residences in one, two and three-bedroom configurations, residents not only enjoy the numerous amenities inside the apartment but also the key attractions of the neighbourhood.

“Surrounded by gardens, beaches and river-ways, the neighbourhood is a naturally active and healthy one, with the pristine environment that Melbourne is renowned for”, developer Landence says.

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237900]

Situated less than 25 minutes from an international airport and just 900 metres away from the new ANZAC station, The Evermore is positioned within a safe and friendly walker's paradise.

Residents can immerse themselves in the city's culture and lifestyle with the Southbank Arts Precinct, Federation Square's arthouses, and the National Gallery—all within easy reach, offering regular exhibitions and events.&nbsp;

A five-minute walk leads to the 38-hectare Royal Botanic Gardens that slope to the river with trees, garden beds, lakes and lawns, offering a serene escape from urban living with options like the Tan Track and the Yarra Trail for recreational activities.

&nbsp;

[smartcode_project:default project_id=2087 project_image_fid=237907]

The culinary scene surrounding The Evermore is also vibrant, with several cafe and dining options available within the first five-minutes of leaving the front door.

From cosy cafes like Human Beans and Queenie's to international cuisine at Malaysian restaurant Ayam Chef and Japanese dining at Uomasa Japanese Restaurant, residents are spoilt for choice when it comes to dining out.

Additionally, the South Melbourne Market, just a short drive away, offers a diverse array of fresh produce, meats, seafood, and cafes.

Families will appreciate the choice of quality education within close range as some of the country’s most prestigious universities, Monash, RMIT and the University of Melbourne, are minutes away.

[smartcode_project_cta:default project_id=2087]

The culinary scene surrounding The Evermore is vibrant, with several cafe and dining options available within the first five-minutes of leaving the front door.

On the doorstep of the Royal Botanic Gardens: How The Evermore fits into the Southbank neighbourhood

The Albertine is one of ASX-listed developer Mirvac's latest projects in Melbourne.

The new apartment development, ideally positioned just off St Kilda Road at 31 Queens Lane, will home 98 one, two and three-bedroom apartments, catering for every buyer cohort in the market.

With early site works commencing recently, we thought we'd head down to <a href="/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne">The Albertine</a> Experience Gallery at 484 St Kilda Road to take a look at what <a href="/developers/mirvac">Mirvac</a> will be offering in the new project.

Mirvac is currently gifting one lucky future resident of The Albertine the opportunity to win the all-new electric Mercedes-Benz EQE SUV*, valued at over $140,000.

Purchase an apartment at The Albertine before September 30th, 2024 and enter the exclusive draw to win**.

To find out more about The Albertine, take the tour with us below and <a href="/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne">enquire</a> to speak to the Mirvac team.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/o4qNzhW8khc?si=-P9KPqFuGE5QztlI" title="YouTube video player" width="560"></iframe>

[smartcode_project_cta:default project_id=138659]

[smartcode_project:default project_id=138659 project_image_fid=262040]

[smartcode_project:default project_id=138659 project_image_fid=215890]

**Competition Terms &amp; Condition can be found at&nbsp;thealbertine.mirvac.com&nbsp;*Please contact an authorised Mercedes-Benz retailer for specific information on vehicles and features available in Australia. Product and model may change since the production of this content. 
**The competition commences on 11 August 2023 at 09:00am AEST and closes on 30 September 2024 at 05:00pm AEDT. The winner’s name of the Mercedes-Benz EQE SUV will be drawn and published on&nbsp;thealbertine.mirvac.com&nbsp;on the earlier of the Completion Date (estimated to be on or about 1 March 2026) or the Sunset Date noted in the Contract for Sale. Entry into this competition confirms acceptance of the full Terms and Conditions.

The new apartment development, ideally positioned just off St Kilda Road at 31 Queens Lane, will home 98 one, two and three-bedroom apartments, catering for every buyer cohort in the market.

Inside The Albertine: Urban's display suite tour of one of Melbourne's newest apartment developments

Buckner Built's newest&nbsp;apartment development, 11 Victoria St in Footscray, is strategically positioned amid a number of local amenities and services, providing convenience and practicality for prospective homeowners.

Residents of <a href="/new-apartments/11-victoria-street">11 Victoria Street</a>, just 18 apartments named after its location on Victoria Street, will find themselves surrounded by various transportation options, with Middle <a href="/developments/footscray-vic-3011">Footscray</a> train station just 400 metres away, along with accessible bus and tram stops nearby.

[smartcode_project:default project_id=143391 project_image_fid=260143]

For those who enjoy dining out, Barkly Street is just a minute away and has a variety of restaurants, cafes, and bars along its length.&nbsp;

Some highly-rated options within a six-minute walk include gastropub Plough Hotel, Ethiopian restaurant Abesha, Bar Josephine, Something Sweet Cafe, Poon's Chinese Restaurant, and The Cheeky Pint.

Residents can take advantage of the Footscray Plaza shopping mall, located just an eight-minute walk away. The mall is also surrounded by cafes and eateries and includes essential stores such as Coles, Priceline Pharmacy, and Kmart.

[smartcode_project:default project_id=143391 project_image_fid=260146]

Additionally, the iconic Footscray Market, an indoor food and produce market, is only a 13-minute walk from 11 Victoria St.

For recreation and leisure, Footscray Park, situated on the south bank of the Maribyrnong River, is a four-minute drive away—featuring an Edwardian period public garden, a designated dog off-lead area, and an all-abilities playground.

Whitten Oval stadium, home to the Western Bulldogs of the AFL, is also conveniently located just one kilometre away.

[smartcode_project:default project_id=143391 project_image_fid=260144]

Families will find convenience in the educational institutions within walking distance from 11 Victoria St, including Footscray High School and Footscray Primary School, both within 250 metres, as well as Victoria University's Footscray Park Campus, a mere 10-minute walk away.

Residents can also access healthcare facilities with ease, as Western Health Footscray Hospital and Western Private Hospital are both just a four-minute drive from 11 Victoria St.

[smartcode_project_cta:default project_id=143391]

How Footscray's newest apartment development, 11 Victoria, fits into the neighbourhood 

Unit values in Melbourne grew significantly more than houses in the Victoria capital in March, property data analytics firm CoreLogic's recent data release found.

CoreLogic's Home Value Index found that Melbourne unit values rose 0.3 per cent in March, compared to the -0.1 per cent decline in houses.

Melbourne's median unit value, which incorporates both townhouses and apartments, is now $612,000. Over the past 12 months, <a href="/developments/melbourne-vic">Melbourne</a> unit values have risen by three per cent.

CoreLogic also found that Melbourne's gross rental yield rose significantly over the last two years, from 2.76 per cent to 3.57 per cent, driven predominantly by falling dwelling values and sky rocketing rents.

"A rise in rental yields alongside an expectation that housing values could rise and rental markets remain tight for an extended period is likely to be seen as an attractive opportunity for property investors," CoreLogic Research Director Tim Lawless said.&nbsp;

Lawless did note however that new investors entering the market may face cash flow losses unless they can provide a sizeable deposit, given the average investor mortgage rates are around the mid-six per cent range.

<h2>What happened in Melbourne’s off the plan apartment market in March?</h2>

News in March signalled more positive for the Melbourne off the plan apartment market.

Charter Keck Cramer once again highlighted the demand v supply imbalance that is coming for Melbourne. They said the market could jump anywhere between 25 to 30 per cent over the next 12 to 18 months across several sub-markets.

"Our analysis suggests that the established unit market (townhouses and apartments) will need to continue to reprice upwards (by around 15% to 20%) until the house price hierarchy is once again established," Charter Keck Cramer said.

"It is at this point that new off the plan apartments will be able to be delivered at price points which again make apartment development feasible."

Read more:&nbsp;<a href="/news/vic/new-apartment-projects-in-melbourne-at-lowest-levels-since-2010-market-to-turn-in-mid-2024-charter-keck-cramer">New apartment projects in Melbourne at lowest levels since 2010, market to turn in mid-2024: Charter Keck Cramer</a>

There were some signs of some more supply coming to the market, both now and in the future. Tim Gurner revealed his $1.7 billion <a href="/developments/docklands-vic-3008">Docklands</a> precinct <a href="/new-apartments/elysium-fields-208-226-harbour-esplanade-docklands">Elysium Fields</a>, which will bring a much-needed 1350 apartments to Docklands.

<img alt="Docklands precinct Elysium Fields" data-entity-type="file" data-entity-uuid="2d8209ae-60ec-4c49-8711-32fb474ee659" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GURNER%20Elysium%20Fields.png?VersionId=7bkvOIUYNpMuydNB417dq_cPB.7Zv4BR" />

At Elysium Fields, residents will have access to some of the world’s most advanced anti-ageing protocols and equipment like cryotherapy, IV infusions, dry and infrared sauna, red light therapy, grounding and PEMF beds, alongside access to the Elysian Reverse Ageing Medical Clinic that will provide medical-grade treatments including MRIs, DEXA scans, brain scans, blood testing and personalised health plans.

Designed by <a href="/architects/fraser-partners">Fraser &amp; Partners</a>, GURNER™’s vision also includes over 3,700 sqm of much-needed immersive public landscapes and gardens that will connect residents with the natural world, inspired by the verdant buildings of Singapore that meld the built form with abundant greenery.

The first stage includes three towers totalling 640 dwellings, of which GURNER™ plans to launch the first tower, a build-to-sell offering with 231 apartments, in Q3 this year. Construction of the tower is planned for the same time.

<img alt="Docklands precinct Elysium Fields - Perspective" data-entity-type="file" data-entity-uuid="022e4bfd-7da0-4d13-bc23-83ef4f53f771" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/GURNER%20Elysium%20Fields%20Docklands.png?VersionId=qA6pqC_U2sL75vfrBPiA6cefHojY1CvE" />

Gurner also revealed that Chicago-based, international architecture firm <a href="/architects/som">SOM</a>, the architecture firm who designed the Burj Khalifa, the tallest building in the world, as well as the One World Trade Centre in New York, will design his St Kilda Road project, an $800 million mixed-use project facing Albert Park.

The St Kilda Road project will comprise around 200 apartments across 19 levels, with a focus on large two to four-bedroom apartments alongside retail spaces, food and beverage outlets, and extensive wellness amenities.

<img alt="Gurner St Kilda Project" data-entity-type="file" data-entity-uuid="ab1d5f15-e957-4b31-b081-60ded87ecfea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/424%E2%80%93426%20St%20Kilda%20Road%2C%20Melbourne_0.png?VersionId=qukD68DPeqMn5hc9AQIFMPq2BwFY6mka" />

A consortium of investors, led by billionaire James Packer, is set to create something different in <a href="/developments/balwyn-vic-3103">Balwyn</a>. To be developed by <a href="/developers/chapter-group">Chapter Group</a>, the company filed the plans for 31 apartments on the 3,862 sqm site at 23 Maleela Avenue, just set back from Whitehorse Road between Balwyn and <a href="/developments/deepdene-vic-3103">Deepdene</a>.

<a href="/architects/cera-stribley-architects">Cera Stribley</a> has put together plans, recently submitted to the Boroondara Council, for the low-rise, four-level building which will have a near 60-metre frontage to Maleela Avenue.

There will be 31 apartments across the four levels, 10 two-beds and 21 three-beds, of which 18 have completely different floor plans.

While those two projects are still in their planning stages, new projects are being launched by developers who are seeing pent-up demand for high-quality residential properties in Melbourne's inner suburbs.

National diversified property developer <a href="/developers/fortis">Fortis</a> has officially launched <a href="/new-apartments/wiltshire-house-richmond-1-wiltshire-street-richmond-vic-3121">Wiltshire House</a>, its new mixed-use development in the heart of Richmond.

Wiltshire House offers 57 one, two and three-bedroom apartments, as well as premium office space and a modern ground floor retail precinct ideally set just off Swan Street near East Richmond Station.

[smartcode_project:default project_id=13181 project_image_fid=256229]

While ideally located around the corner from the cafes, restaurants and bars <a href="/developments/richmond-vic-3121">Richmond</a> is famous for, Wiltshire House is also home to several resident amenities, including a landscaped rooftop with wellness facilities like a gym, yoga space, sauna, and showers.

Established Melbourne developer <a href="/developers/pace-development-group">Pace</a> also unveiled its latest residential development, <a href="/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy">Fabbrica Fitzroy</a>, in March.

Fabbrica Fitzroy offers 78 one, two, and three-bedroom apartments, including townhouses with street frontage, tailored to the preferences of owner-occupiers and downsizers.&nbsp;

[smartcode_project:default project_id=139552 project_image_fid=240744]

Award-winning architectural practice <a href="/architects/sjb-architects">SJB</a> has integrated the industrial past of the site into Fabbrica's dynamic future, creating exterior and interior spaces that connect with the contextual fabric and character of <a href="/developments/fitzroy-vic-3065">Fitzroy</a>.

Pace took an adaptive approach to the project, responding to shifts in the market. The focus on owner-occupiers became paramount, leading to a redesign that increased apartment sizes and catered to downsizers.&nbsp;

The development provides a deliberate emphasis on larger apartments and offers personalisation options for residents.

There was success at the launch of&nbsp;2135 Point Nepean Drive in Rye last month, one of the first new developments in the Mornington Peninsula locale for decades.

Jellis Craig Projects secured several sales on behalf of Melbourne developer Curtis York, who had Cera Stribley design a boutique development across the road from Rye Beach and in the heart of the village.

[smartcode_project:default project_id=138483 project_image_fid=253202]

Jellis Craig Projects Director Stephen Bowtell says buyers have primarily come from the Metro Melbourne area.

"There's an unrealised market which 2135 taps into and that's city dwellers who want to weekend on the Mornington Peninsula but don't want the space or the maintenance an acreage offers," Bowtell says.

"Acreages offer privacy and space, but there are a large number of those who are wanting to spend the weekend down on the Peninsula and want to be next to the beach, Rye's retail strip, and the Yacht Club, which is what 2135 is bringing to the table."

We have news from Tim Gurner, PACE, billionaire James Packer, and a new project in Rye which hit the mark

City Beat April 2024: Melbourne unit market outperforms houses in March

With an amenity-rich design, CBD Group has left a mark on the North Melbourne skyline with their project, Arden Gardens.&nbsp;

Comprising 299 one, two, three and four-bedroom apartments within two 16 and 10-level towers, the development was been cleverly conceived by the architects Buchan Group across a triangular footprint, with residents granted access to a range of amenities.

Nestled within a brand-new lifestyle precinct, the apartments are anchored by a full-line Woolworths supermarket spanning 4400 sqm, with the retail haven complemented by 12 specialty shops and café tenancies.&nbsp;

[smartcode_project:default project_id=26478 project_image_fid=190193]

Beyond the retail precinct, Arden Garden residents will be at home to a fully-equipped fitness centre, or for those seeking relaxation, the resident garden and landscaped outdoor space provide the perfect outlet for some quiet time.

Cinephiles can indulge in their favourite films at the dual-room Arden Cinema, bringing the excitement of the big screen to the doorstep of apartment owners, while the residents' lounge delivers a welcoming space for socialisation, complete with a private kitchenette.

Arden Gardens' location itself is an undeniable advantage. Situated just 2.5 kilometres from Melbourne's CBD, North Melbourne is renowned for its vibrant festivals, cafés, and restaurants.

[smartcode_project:default project_id=26478 project_image_fid=190200]

The neighbourhood's distinctive history can be felt as you stroll through its Victorian-era terraced houses and converted warehouses, enhancing the overall character of the area.

In terms of convenience, multiple public transport options are within easy walking distance, ensuring seamless connectivity, while residents will also be near to the North Melbourne Recreation Centre and Arden Street Oval, offering various sporting and recreational activities.

[smartcode_project_cta:default project_id=26478]

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