<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?

U-Home Oceania is set to launch Yarra Park, a collection of townhomes in <a href="/new-townhouses/alphington-vic-3078">Melbourne's Alphington</a>, seven kilometres north-east of the city.

The three and four-level townhomes have been designed by <a href="/architects/rothelowman">Rothelowman</a> to bring a low maintenance option to <a href="/new-townhouses/alphington-vic-3078">Alphington</a>, a suburb generally starved of brand new townhouses.

There will be 109 townhouses in the release, around the corner from <a href="/new-townhouses/alphington-vic-3078">Alphington</a> Park Oval and <a href="/new-townhouses/alphington-vic-3078">Alphington</a> Bowling Club.

<img alt="Yarra Park" data-entity-type="file" data-entity-uuid="b77e5449-1a49-4bc7-a7b5-ea88cbab761f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-05%20at%2011.44.31%20am.png?VersionId=0f2tvlcTl.nUh_._Q9wSRxY.SK.Zaer5" />

Each residence has been designed with sustainable principles at the forefront, featuring intelligent layouts that optimise climate orientation for passive sustainability gains.&nbsp;

Inside and out, the townhomes feature a modern aesthetic, with floor-to-ceiling doors and glazing that embrace the living and dining areas connecting to balconies and terraces.

<img alt="Alphington" data-entity-type="file" data-entity-uuid="f10b00d4-4b3f-4a6a-a59b-96c538f253c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-05%20at%2011.44.16%20am.png?VersionId=qcQbaTkV1KP.PV5Dupx9JvE1nU7dets6" />

The open kitchens are sleek and functional, centred around a breakfast and wine bar and surrounded by modern integrated appliances.

The ensuite bathrooms have dual vanities, a bathtub, and a generously sized shower area with floor-to-wall tiles.

<img alt="Yarra" data-entity-type="file" data-entity-uuid="e692f844-1116-452e-b9e8-618995f74cc1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-05%20at%2011.44.26%20am.png?VersionId=NXGIdZgXyhuhj.9Yi2ALVGMIHQ95mHsI" />

U-Home Oceania, directed by Jack Wang, has appointed Burbank Urban as the builder for Yarra Park.&nbsp;

U-Home Oceania, directed by Jack Wang, has appointed Burbank Urban as the builder for Yarra Park

Yarra Park townhomes soon to launch to Alphington market

The City of Melbourne has unanimously given the green light to a revised development application by MAB Corporation for their new <a href="/developments/docklands-vic-3008">Docklands</a> precinct, NewQuay <a href="/developments/docklands-vic-3008">Docklands</a>.

Adjacent to the <a href="/developments/docklands-vic-3008">Docklands</a> Primary School, the signed off plans for the near one-hectare development site at 396-416 Docklands Drive, which&nbsp;currently serves as a commercial car park, include a&nbsp;mixed-use precinct with five-towers comprising commercial offices, a hotel and apartments, as well as abundant retail and hospitality at street level and a 700 sqm pocket park.

The planning application has undergone a number of amendments since its inception in 1999, with community engagement playing a crucial role in shaping the proposal.

Initially the project was approved for&nbsp;just over 11,000 sqm of commercial office space and no residential or hotel components, although the recent amendment reduced the office space by 3,150 sqm to make way for a 200-room hotel and 600 dwellings.

There will be 156 studios on offer, 232 one-bedroom apartments, 203 two-beds, and just nine three-bed apartments. The towers will rise from two 20-metre podiums which will feature the hotel and resident amenity such as swimming pools and barbecue spaces.

<img alt="MAB" data-entity-type="file" data-entity-uuid="bac39fd2-ad1a-470b-805c-661102d28617" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2010.47.36%20am.png?VersionId=sn0K63jtj0PRV7M2ozwJj80k0.1iESMK" />

The City of Melbourne's planning team collaborated closely with MAB, resulting in positive design changes addressing previous concerns.&nbsp;

These changes include a 10-metre separation between towers, the removal of one tower, a reduction in maximum built-form height, revised building envelopes, a modified public park layout, and additional design principles.

Designed by ARM Architecture with Rush Wright Associates, the precinct incorporates retail and dining options within the podiums, office floor space, podium car parks, and a new 11 to 13-metre-wide pedestrian laneway connecting the school to the tram depot and New Quay Central Park.&nbsp;

<img alt="Docklands" data-entity-type="file" data-entity-uuid="4817edb8-8c38-456f-9315-1ff8a27e469b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2010.41.41%20am.png?VersionId=7MJHIhVSIsusIlyGBlEN8QNW9xlqWjfF" />

The west podium comprises three residential towers, while the east contains two, carefully considering mirroring the existing streetscape context and character.

The development is expected to deliver between 500 and 600 residential dwellings and 20,000 sqm of commercial spaces, including the possibility of a hotel.

A key feature of the project is a 700 sqm public park at the corner of Little Docklands Drive and St Mangos Lane, positioned adjacent to Docklands Primary School.&nbsp;

<img alt="Newquay" data-entity-type="file" data-entity-uuid="6d04f474-3859-43ee-bb94-b13bc62e06b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%2010.41.58%20am.png?VersionId=py897uW3Bc65YTtEs37vx0L76Lg6w1.C" />

The pocket park, a later addition to the application, will feature seating areas, a children's play zone, a café, ramp and stair access, sandstone boulders, and bike ramp facilities.&nbsp;

The project will unfold in four stages, with the delivery of the new park scheduled for the initial phase.

The plans were endorsed by City of Melbourne councillors, with Deputy Lord Mayor Nicholas Reece praising the application and highlighting the positive impact of the pocket park on the community.&nbsp;

There will be 390 car spaces provided across the development, and 700 bicycle spaces.

The planning application has undergone a number of amendments since its inception in 1999, with community engagement playing a crucial role in shaping the proposal

MAB to bring 600 apartments to Docklands after City of Melbourne green light NewQuay Docklands

Melbourne's popular Flinders Street is set to get a rare new apartment development in the form of The Highlander, an architecturally striking tower just off the Yarra opposite the Sea Life Aquarium.

The Highlander, at <a href="/new-apartments/the-highlander-melbourne-490-flinders-street-melbourne">490 Flinders Street</a>, is being developed by Singaporean investment firm Havenport Investments, who added the adjoining site at 1-9 Highlander Lane to create enough space for the 23-level building which will home 35 apartments.

There will be a mix of two and three-bedroom apartments, some half and some full floor. The levels up to 14 will have a maximum of three apartments, while from 14 to 21 will have three-bedroom, full floor apartments.

Level 22 homes a near 300 sqm, $7.5 million penthouse with unobstructed views over the river and Southbank.

The two-bedroom apartments, which start from 82 sqm, start from just over $1 million. The three-bedrooms start from $1.3 million.

<img alt="Highlander" data-entity-type="file" data-entity-uuid="32885115-4925-444d-97a5-64ffd58419b8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%209.40.08%20am_3.png?VersionId=fmk3_0RylAF2y5qsFABELwd7ztAawldI" />

The plans also include a ground floor with a residential lobby, a cafe, retail spaces, a basement level with a car stacker for ten vehicles, bicycle parking, and site services.

Designed by Metier 3, The Highlander features a dynamic facade&nbsp; through its chamfered and patterned windows.

The interiors feature wide solid oak floors, marble countertops and oak cabinetry throughout.

The heart of each Highlander apartments is the kitchen, complete with a butler's pantry and top-of-the-range AEG and Gaggenau appliances.

<img alt="The Highlander" data-entity-type="file" data-entity-uuid="06b785ec-8894-475b-8d25-96e42e4e34e6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-04%20at%209.40.16%20am.png?VersionId=cou4EHA2YTCSxhPxRr9D_WsBk40hrBHC" />

Andrew Norbury, founder of Metier3, said the philosophy of The Highlander deliberately avoids maximisation.

"Instead, we approached The Highlander as an artful expression of home design-less apartments, greater homes-drawing inspiration from a time when form and function were thoughtfully woven together with empathy and purpose."

The Highlander's location at the eastern end of Flinders Street, at the edge of the Hoddle Grid, allows for&nbsp;southern views of the Yarra River and an eastern perspective of Melbourne's Gardens. It's also just a stones throw from Southern Cross Station.

Castran Gilbert is marketing the project. They already have a number of reservations.

First look: Inside the new Flinders Street apartment development, The Highlander

First home buyers started to reemerge in the off the plan apartment development space in Q4 2023, off the back of consecutive rate holds by the RBA.

While rates went up again in November, it's expected rates are almost at the peak, and the Big Four banks are anticipating the next rate move will be a cut.

We've dug into our data and looked at the top five most popular <a href="/developments/melbourne-vic">Melbourne</a> suburb in Q4 2023.

<h2>Melbourne CBD</h2>

<a href="/developments/melbourne-vic">Melbourne CBD</a> remains a top choice for first-home buyers.

Boasting many amenities, including world-class dining, cultural institutions, and efficient public transport, the CBD continues attracting young professionals and urban enthusiasts alike.&nbsp;

The recently completed $1 billion West Side Place development by developer Far East Consortium has become a hotspot for both first home buyers and investors.

[smartcode_project:default project_id=1270 project_image_fid=217064]

Comprising four towers, including the prestigious Ritz-Carlton and Dorsett Hotels, the development features various apartment configurations starting at $550,600.&nbsp;

Residents can enjoy various amenities, including a swimming pool, gymnasium, function rooms, open terraces, cinema, and on-site retail arcades.

Located within the coveted University High School Zone, the development is just a short walk from the Yarra River, Flagstaff Gardens, Southern Cross Station, and the Free Tram Zone.&nbsp;

Another popular project is Brady Group's <a href="/buildings/380-melbourne-380-lonsdale-street-melbourne">380 Melbourne</a>, located on Lonsdale Street.&nbsp;

[smartcode_project:default project_id=2064 project_image_fid=210636]

Designed by <a href="/architects/fraser-partners-0">Elenberg Fraser,</a> the twin-tower project offers one, two, and three-bedroom apartments starting from $570,000.&nbsp;

The 65-level towers include 300 hotel suites and a retail and cafe arcade connected to the public domain through a unique low-lying podium.&nbsp;

Resident amenities at 380 Melbourne encompass a lounge, games room, private cinema, karaoke room, steam rooms, sauna, rooftop garden, heated lap pool, and outdoor terrace with barbecue facilities.

<h2>Southbank</h2>

Nestled along the Yarra River, <a href="/developments/southbank-vic-3006">Southbank</a> has solidified its status as a vibrant and modern residential hub.&nbsp;

Soutbank's proximity to the CBD and the thriving arts and entertainment scene position it as an appealing option for first-home buyers seeking a cosmopolitan lifestyle.&nbsp;

The abundance of waterfront promenades, recreational spaces, and dining options further enhances the neighbourhood's charm.

One of the most popular projects in the suburb on the Urban website this year is Central Equity's FOCUS Melbourne, with its recent win at the 2023 HIA-CSR Victorian Housing Awards.

[smartcode_project:default project_id=3260 project_image_fid=206125]

FOCUS won the Victoria Apartment Complex Award (over $20 million), while Central Equity was Victoria's most awarded apartment developer.

The $450 million FOCUS offers a move-in-ready option in the heart of <a href="/developments/southbank-vic-3006">Southbank</a>.

The development has proved popular among locals who want to remain near the city while enjoying a neighbourhood feel.

[smartcode_project:default project_id=3260 project_image_fid=206134]

The 50-level building comprises one, two, and three-bedroom apartments, strategically placing residents near the arts precinct and its upcoming $1.7 billion revamp, just over two kilometres from the CBD.&nbsp;

FOCUS distinguishes itself with resort-style amenities, including a 17-seat luxe theatre, indoor heated pool, sauna, gym, and landscaped terraces with barbecues.&nbsp;

<h2>Brunswick</h2>

Known for its eclectic atmosphere and diverse community, Brunswick has carved a niche as a haven for the culturally inclined. Trendy cafes, local markets, and green spaces complement the suburb's artistic flair.&nbsp;

As the trend of prioritising lifestyle and community connectivity grows, Brunswick stands out as an ideal choice for first-home buyers seeking a balance between cultural richness and affordability.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Experiencing significant gentrification in recent decades, Brunswick attracts young professionals, artists, and families who value a vibrant and eclectic lifestyle. ASX-listed developer Mirvac recognised the area's allure, choosing it as the location for their project, Prince &amp; Parade.

Designed by Bates Smart and landscaping by Jack Merlo, Prince &amp; Parade comprises 166 one, two, three, and four-bedroom apartments. Cleverly oriented to maximise park views, the development rises to nine levels on the north side facing Brunswick Road and five on the south side facing Park Street.

Situated across from Princes Park, a 39-hectare oasis of greenery, walking paths, sports grounds, and playgrounds, Prince &amp; Parade seamlessly blends urban sophistication with natural tranquillity.&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217119]

The development's location offers its residents convenient access to culinary delights, vibrant cultural scenes, and educational institutions, including Princes Hill Secondary School, <a href="/developments/melbourne-vic">Melbourne</a> University, and RMIT.

The fully electric building features a residents' lounge, dining room, rooftop terrace with panoramic views of <a href="/developments/melbourne-vic">Melbourne</a>, a library, and a wellness studio.

Construction of Prince &amp; Parade is scheduled to commence in early 2024, promising a unique living experience that combines modern amenities with the charm of Brunswick's cultural and natural surroundings.

<h2>Moonee Ponds</h2>

Moonee Ponds offers a suburban sanctuary near the CBD's northwest without compromising accessibility.

Home to beautiful parks, reputable schools, and a welcoming community vibe, Moonee Ponds caters to those desiring a more serene living experience.&nbsp;

The suburb's well-connected public transport options, including trams and trains, ensure residents can easily navigate the city while enjoying the tranquillity of suburban life.

[smartcode_project:default project_id=105114 project_image_fid=210517]

At the heart of Moonee Ponds is Hamton's Moonee Valley Park, a 20-hectare precinct just six kilometres from the CBD.&nbsp;

Within this dynamic development, Trackside House is a unique residential building, offering approximately 86 residences with views of the finishing straight at the iconic Moonee Valley Racecourse.&nbsp;

The 11-storey building, designed by Rothelowman in collaboration with Carr interior experts, includes a range of residences from grand three and four-bedroom options to more affordable one-bedroom units starting at $565,000.

As the fourth stage in the precinct's redevelopment, Trackside House benefits from a diverse range of eateries, retailers, and 20 hectares of open space and gardens. Various amenities, including playgrounds, sporting fields, and running tracks, enhance the community experience.&nbsp;

Another successful development by Hamton in Moonee Valley Park is Stonepine House, achieving over 80 per cent of sales within 11 weeks of its launch.&nbsp;

[smartcode_project:default project_id=110367 project_image_fid=199209]

Offering exclusivity within the thriving community, Stonepine House features two and three-bedroom residences starting at $650,000.

Both Trackside House and Stonepine House are designed to complement the surrounding 20 hectares of greenery and are expected to be completed in mid-2025, contributing to the evolving landscape of Moonee Ponds.

<h2>Malvern</h2>

Renowned for its leafy streets and grand architecture, Malvern has long been a sought-after address for buyers seeking an upscale residential experience.&nbsp;

While often associated with a more established demographic, the suburb has witnessed an increasing interest from first-home buyers drawn to its classic charm and proximity to amenities.&nbsp;

Malvern's harmonious blend of heritage and contemporary living makes it an appealing choice for those entering the property market.

Kokoda Property's Malvern Collective was one of Urban's most popular projects <a href="/developments/melbourne-vic">Melbourne-wide</a> across the whole of 2023.

[smartcode_project:default project_id=12457 project_image_fid=217233]

Malvern Collective is envisioned as a 0-minute neighbourhood at 2 Station Place, an even more convenient community than the standard 15-minute neighbourhood.

The project comprises 205 one to three-bedroom apartments spread across two striking glass buildings above a vibrant hospitality precinct. Future residents will have every convenience at their doorstep, including a Woolworths Metro, six hospitality venues, and an easy commute to the city.

The popularity of Malvern Collective's apartments among owner-occupiers is attributed to the unique proposition, thoughtful design, and superior concierge service reminiscent of a high-end hotel managed through a dedicated residents' app.&nbsp;

[smartcode_project:default project_id=12457 project_image_fid=217246]

Exclusive amenities within the project include a co-working space, cinema, swimming pool, wellness centre with hot and cold plunge pools, and a private dining area.

Malvern Collective is on track for completion in Q1 2024.

We've dug into our data and looked at the top five most popular Melbourne suburb in Q4 2023

Melbourne’s top 5 most popular suburbs for first home buyers on Urban in Q4 2023

Diversified Melbourne developer Giancorp Property Group has launched its latest residential project.

Fresh off completing Penny Lane in Moonee Ponds, the&nbsp;George Giannarelli founded developer has ventured further east to Alphington where they've just revealed Park Avenue, a collection of 73 apartments and townhouses at&nbsp;700 Heidelberg Road,

Designed by Marchese Partners, Park Avenue’s classic architectural design and finishes complement the surrounding streetscape in style and scale.

Each residence is meticulously planned to maximise views and facilitate comfortable living. The homes feature a harmonious blend of timeless architecture, expansive interiors, and elevated park and river views.

<img alt="Park Avenue" data-entity-type="file" data-entity-uuid="ab78ed2a-4d29-4428-adfc-3aee88301e61" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-21%20at%201.09.51%20pm.png?VersionId=fdoVYXyzviO14EPmU7s8PhYMV40AbNiM" />

Floor-to-ceiling windows enhance warm and inviting interiors, framing panoramic park views that stretch toward the river. The interiors seamlessly extend to the oversized balcony or terrace, providing an ideal private space for dining, entertaining, and relaxation.

The beautifully appointed and spacious kitchen showcases natural stone as the focal point, complemented by a generous island bench, premium appliances, and well-thought-out streamlined storage. Larger apartments offer the option for a butler’s pantry and dedicated study space.

Prospective homeowners can choose between a light or dark scheme for their residence.

Standout amenities will elevate residents' lifestyle and experience at Park Avenue.&nbsp;

<img alt="Park Avenue" data-entity-type="file" data-entity-uuid="f425b381-7453-47bd-bd11-4cb9e0dc7e41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-21%20at%201.11.21%20pm.png?VersionId=133.BLD8BGYJR5WLArkiSqHPe73KoO0g" />

Residents can host the perfect party in the residents’ lounge, which can be reserved exclusively for their event. Residents can prepare everything they need with a fully equipped kitchen, while the large dining table and cosy couches provide seating to suit all guests.

Meanwhile, the communal dining area is ideal for outdoor entertaining, with alfresco seating and a barbecue area framed by pretty pergolas and lush greenery.

Residents will also enjoy round-the-clock access to the dedicated gym, with various machines, free weights, and open space for post-workout activities.

<img alt="Park Avenue Residences" data-entity-type="file" data-entity-uuid="84dbba77-d90a-4eee-9f39-ce3480b0ed1b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-21%20at%201.12.01%20pm.png?VersionId=3xaMF_1kHLhuDqWtZnxCmW1cI37N1wUC" />

Giancorp is targeting an average energy rating of 7.1 stars for Park Avenue, showcasing a commitment to environmentally conscious initiatives. Features include double-glazing and cross-ventilation design, CO monitoring, EV charging points, rainwater storage, high-efficiency LED lighting, 5-star cooling systems, and 26kW of PV on the roof.

Construction will also prioritise low VOC, PVC, and formaldehyde building products and recycle over 80 per cent of construction waste.

Park Avenue is just 6.5 km north-east of Melbourne’s CBD and only moments from parklands, wetlands and the Yarra River.&nbsp;

Alphington Station, a convenient five-minute walk away, provides simple access to the CBD, complemented by easy access to the Eastern Freeway and the Main Yarra Trail for cyclists.

Apartments range from $475,000 to $1,895,000.

Park Avenue is just 6.5 km north-east of Melbourne’s CBD and only moments from parklands, wetlands and the Yarra River

Giancorp launch Park Avenue Alphington apartments and townhouses

Property developer and investor Cbus Property has acquired a residential development site which it hopes to bring to the market in 2024.

They snapped up 3,036 sqm at&nbsp;<a href="/new-apartments/four-three-seven-by-cbus-property-437-st-kilda-road-melbourne-vic-3000">437 St Kilda Road</a>, in Melbourne's St Kilda Road precinct, Cbus Property's&nbsp;inaugural venture into the St Kilda Road area.

They secured the site from Melbourne-based investment company GLG, who will maintain a minor ownership stake in the project which has a forecasted end value of $350 million.

The site is currently obtaining development approval from the Department of Transport and Planning (DTP), featuring a design crafted by the renowned architecture firm Bates Smart.&nbsp;

The proposed development envisions 83 apartments spread across 17 levels.&nbsp;

Read more:&nbsp;<a href="/news/vic/gurner-to-create-the-next-st-moritz-at-newly-acquired-st-kilda-road-melbourne-site">Gurner to create "the next St Moritz" at newly acquired St Kilda Road, Melbourne site</a>

Cbus Property's CEO, Adrian Pozzo, expressed confidence that the <a href="/new-apartments/four-three-seven-by-cbus-property-437-st-kilda-road-melbourne-vic-3000">437 St Kilda Road</a> project will uphold the high standards in their recently completed 17 Spring St development in Melbourne's CBD.&nbsp;

Pozzo aims to set a new benchmark in response to the market's demand for quality residential apartments.

Describing the site as one of Melbourne's premier undeveloped residential opportunities, Pozzo highlighted its prime location, offering views across Fawkner Park and proximity to the CBD, Toorak Road, South Yarra, and Albert Park.&nbsp;

“We consider this site to be one of the best undeveloped residential opportunities in Melbourne due to its premium address, offering views across Fawkner Park, and its proximity to the amenities of the CBD, Toorak Road, South Yarra and Albert Park," Pozzo said.

“In recognising the prime location of the site in the heart of the St Kilda Road precinct, we seized the opportunity to deliver another industry-leading residential tower for Melbourne.”

The development will include various residential amenities such as an indoor pool, gym, residents' lounge, and private dining room.&nbsp;

The project represents Cbus Property's fourth collaboration with Bates Smart, following ventures like Classic East Melbourne, 35 Spring St, and 17 Spring St.

With <a href="/new-apartments/four-three-seven-by-cbus-property-437-st-kilda-road-melbourne-vic-3000">437 St Kilda Road</a>, Cbus Property continues its significant presence in the Melbourne property market, marking its 24th development venture in the greater Melbourne area.&nbsp;

The company's broader development pipeline across Australia totals $4.5 billion, covering residential and commercial projects in Melbourne, Sydney, Brisbane, and Perth.&nbsp;

Aligning with Cbus Property's commitment to environmentally sustainable development, the project aims to deliver residences with a net zero carbon footprint, targeting a 5-star Green Star Buildings rating.

Anticipated to launch its sales campaign in mid-2024, 437 St Kilda Road construction is scheduled to commence in 2025.

[smartcode_project_cta:default project_id=143359]

The project represents Cbus Property's fourth collaboration with Bates Smart, following ventures like Classic East Melbourne, 35 Spring St, and 17 Spring St

Cbus Property set for first St Kilda Road apartment development

Drake Developments' newest residential development, Florenze Terrace, captures the true essence of <a href="/developments/north-melbourne-vic-3051">North Melbourne</a>.

Characterised by heritage buildings, tree-lined streets, and classic terrace homes, <a href="/developments/north-melbourne-vic-3051">North Melbourne</a> is a unique blend of city living and village charm.

With booming immigrant communities, a vibrant café and dining scene, and a burgeoning creative industry, the suburb provides a multi-cultural lifestyle package from dining and retail options to local amenities.

[smartcode_project:default project_id=142902 project_image_fid=236596]

<a href="/developments/north-melbourne-vic-3051">North Melbourne</a> is only three kilometres from the Melbourne CBD, its proximity and walkability are ideal for those without a car but who want to be near the hustle and bustle of the CBD.

Florenze Terrace, a collection of four-bedroom, architecturally striking townhouses, offers quick access to North Melbourne train station, trams and buses for easy connectivity both inside and outside the suburb.

Strategically positioned southwest of <a href="/developments/north-melbourne-vic-3051">North Melbourne</a>, residents at Florenze Terrace will enjoy proximity to Gardiner Reserve and the <a href="/developments/north-melbourne-vic-3051">North Melbourne</a> Recreation Centre, which features aquatic facilities and a stadium complex. The expansive Royal Park, Melbourne's largest inner-city park, is just a seven-minute drive away.

<img alt="Florenze" data-entity-type="file" data-entity-uuid="ae8fe25d-35fb-4b11-a4c4-711212fa436d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-18%20at%201.51.58%20pm.png?VersionId=frw.h25kaMQ699XBtH9lPy9VFMSewaK_" />

Renowned for its culinary and artistic offerings, Florenze Terrace residents can indulge in a variety of dining options right at their doorstep. From convivial brunches and afternoon drinks along Victorian verandahs on Errol Street to artfully styled breakfasts at Twenty &amp; Six Espresso and serious coffee at Auction Rooms and Roasting Warehouse, the culinary scene in <a href="/developments/north-melbourne-vic-3051">North Melbourne</a> is diverse.

For elevated pub fare, The Leveson awaits, while the Moroccan Soup Bar caters to vegetarian preferences. Joe Taylor offers a luxe experience with cocktails and pizza, and the Town Hall Hotel provides a summery spot out the back.

Culinary delights extend to international cuisines such as fine Italian at Sosta Cucina, Mexican at El Sabor, and Japanese-inspired Le Bajo Milkbar for shokupan and sweet treats.

[smartcode_project:default project_id=142902 project_image_fid=236445]

Post-meal, residents can meander down Victoria Street to browse the collection of old and new vinyl at Heartland Records or unwind with a drink at local stalwart Prudence.&nbsp;

The historic Meat Market and Queen Victoria Market, the largest open-air market in Melbourne, are a brief six-minute car ride from Florenze Terrace—boasting the highest concentration of fresh produce and the best seafood in Melbourne.

Despite a predominantly single demographic, <a href="/developments/north-melbourne-vic-3051">North Melbourne</a> accommodates a significant population of families with children. Several primary and secondary schools, as well as universities, are all within one kilometre of Florenze Terrace, such as <a href="/developments/north-melbourne-vic-3051">North Melbourne</a> Primary School, St Michael's School, Simonds Catholic College, University High School, University of Melbourne and Victoria University.

[smartcode_project:default project_id=142902 project_image_fid=236595]

<a href="/developments/north-melbourne-vic-3051">North Melbourne</a> is bordered by Parkville to the north, Carlton to the east, West Melbourne to the south, and Kensington to the west.

<a href="/new-townhouses/florenze-terrace-north-melbourne-89-101-lothian-street-north-melbourne">Florenze Terrace</a> comprises 18 individually addressed four-bedroom townhomes designed by Nicholas Murray Architects.&nbsp;

Construction by builder Keyway Built is underway, with move-in anticipated in 2024.

[smartcode_project_cta:default project_id=142902]

How Florenze Terrace fits into North Melbourne's heritage landscape

Melbourne-based MAB Corporation is offering the next buyers at their <a href="/new-apartments/box-hill-vic-3128">Box Hill apartment development</a>, Tempo, a generous upgrades and finishes package on the house, worth $25,000.

<a href="/new-apartments/tempo-2-bruce-street-box-hill">Tempo</a> offers 159 apartments and split-level lofts designed by Hayball Architects. The development's loft product is a signature feature of MAB Corporation, providing a unique and contemporary living experience that sets it apart from other projects in the area.

Rising 19 levels on a naturally elevated site, <a href="/new-apartments/tempo-2-bruce-street-box-hill">Tempo</a> will be the tallest building in the coveted <a href="/new-apartments/box-hill-vic-3128">Box Hill Gardens Precinc</a>t. A café with an alfresco area on the ground level will complement the bustling streetscape.

[smartcode_project:default project_id=27931 project_image_fid=75289]

<a href="/new-apartments/tempo-2-bruce-street-box-hill">Tempo</a> apartments are available in one to four-bedroom configurations, including lofts, multigenerational apartments, an exclusive collection of sky homes, and a penthouse with an indoor fireplace and a sunny terrace.

Each residence, ranging from 50 sqm, follows an open-plan design adjoining balcony gardens.

Generous high ceilings and double-glazed, 4.4-metre floor-to-ceiling windows will welcome abundant natural light and views of the <a href="/new-apartments/box-hill-vic-3128">Box Hill </a>Gardens, Dandenong Ranges, or the city skyline to the apartments.

[smartcode_project:default project_id=27931 project_image_fid=75294]

Tempo’s large outdoor terraces seamlessly extend the living and dining areas—perfectly positioned and proportioned for outdoor entertainment or simple relaxation.

Kitchens feature an island breakfast bar option, integrated appliances, and ample storage.

Multigenerational apartment designs introduce the flexibility to be occupied as a two-bedroom or one-bedroom plus studio apartment, benefiting independent multigenerational living or maximising rental opportunities.

[smartcode_project:default project_id=27931 project_image_fid=75295]

Loft apartments feature a unique interlocking design, with living zones spread across separate levels.&nbsp;

The lofts boast a flexible mezzanine space that can be utilised as a parents' retreat, home office, or versatile guest room, with the innovative design allowing residents to adapt their living area to suit their needs. This model is ideally suited to a growing family or independent adults living under one roof.

With customisation in mind, <a href="/new-apartments/tempo-2-bruce-street-box-hill">Tempo</a> offers three schemes and options for residents to make their homes their own. These include The Expressionist, a bold dark chocolate scheme; The Minimalist, an understated class featuring Terrazzo, stone, and oak; and The Traditionalist, a timeless cream and grey scheme offset by natural timber.

[smartcode_project:default project_id=27931 project_image_fid=75305]

All residents will benefit from exclusive amenities, including a spa deck on Level 11, offering northern views of <a href="/new-apartments/box-hill-vic-3128">Box Hill</a> Gardens, with the space complemented by a resort-style BBQ and al fresco dining area.&nbsp;

<a href="/new-apartments/tempo-2-bruce-street-box-hill">Tempo</a> also boasts a music room, a library, a well-equipped gym with complimentary group personal training sessions, and discounted piano lessons in the Music Room for the first 12 months.

The development will also incorporate solar panels for electric vehicle charging. This addition, alongside the supply of rainwater tanks for irrigation to common area planting, reduces the consumption of scarce resources and caters for emerging technologies.

[smartcode_project:default project_id=27931 project_image_fid=75297]

<a href="/new-apartments/tempo-2-bruce-street-box-hill">Tempo</a> was one of the first significant developments in Box Hill to be assessed against the Better Apartment Design Standards, ensuring that residents enjoy the highest quality of living. MAB Corporation's commitment to meeting and exceeding these standards is evident in every aspect of Tempo's design.

Tempo offers convenient access to <a href="/new-apartments/box-hill-vic-3128">Box Hil</a>l Central, renowned health and educational institutions, and various transportation options.

MAB Corporation has L.U. Simon currently undertaking the build, which is expected to complete Q3 2024.

[smartcode_project_cta:default project_id=27931]

MAB Corporation has L.U. Simon currently undertaking the build, which is expected to complete Q3 2024

MAB Corp offer $25k finishes and upgrades bonus at Tempo Box Hill

Melbourne-based lifestyle developer PB&amp;Co. has secured a new off the plan sales record for a three-bedroom apartment in Toorak at its Clendon Residences development on Clendon Road.

The apartment, in the boutique block of five at 79 Clendon Road, fetched&nbsp;$31,591 per square metre. &nbsp;

PB&amp;Co. launched the project earlier this year on the street which has&nbsp;high-profile neighbours including Allen Myer, Paul Little, and David Smorgan.&nbsp;

The recent sale for $6.95 million to a local from Hawthorn purchasing a second home broke the previous price per square metre record of $29,101 for a three-bedroom apartment, with the buyer keen for an opportunity to invest in a residence in a street where prime real estate almost never comes to market. &nbsp;

<img alt="Clendon Master bedroom" data-entity-type="file" data-entity-uuid="d502a0c0-c9ce-472a-b741-806c5d85a6e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FON_79%20Clendon_Final%20Render_Masterbed.jpg?VersionId=oCPyX8wun1lYzg65iv21t3dNItdU.HDC" />

Clendon Road is renowned as one of Toorak’s top four street addresses alongside Albany Road, Irving Road and St Georges Road, where a new house price record was recently set for Melbourne by Crypto casino co-founder Ed Craven, who paid $80 million for a dilapidated mansion in August last year.&nbsp;

With architecture by renowned New York-based Gregory Tuck, Clendon Residences has been crafted to respectfully contribute to the classic Georgian architecture that is prominent throughout the Clendon Road enclave, where some of the existing homes are said to be worth up to $100m. &nbsp;

Each residence is a testament to opulence and refinement – from hand-selected marble stone, oak timber floors, and the state-of-the-art Gaggenau appliances to the lush Christian Jenkins-designed landscaping that envelops the development, the meticulous attention to detail at the Clendon Residences epitomises luxury living, offering a unique blend of opulence and contemporary design.&nbsp;

<img alt="Clendon Kitchen" data-entity-type="file" data-entity-uuid="60885dd9-4f32-49d2-b114-8ba30e16e058" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FON_79%20Clendon_Final%20Render_Kitchen_Option%2002.jpg?VersionId=Ve1zMUTht4lDNXXzIOidgcZDhw9WkAXh" />

PB&amp;Co. President Michael Pesochinsky said the recent off the plan sale further solidifies Clendon Road's status as a prime location for luxury real estate.&nbsp;

“Clendon Road is the pinnacle in luxury living, and our development at this coveted location provides astute buyers a unique and incredibly rare opportunity to reside amongst some of &nbsp;Australia’s wealthiest neighbours,"&nbsp;Pesochinsky says.

“Clendon Road is lined with multi-million-dollar mansions that nearly never come to market; Clendon Residences is an incredibly rare opportunity to acquire a Clendon Road address and the only apartment offering in this prestigious street. &nbsp;

“Its no surprise that buyers are seeing the value in our bespoke residences concept which strives to challenge the confines of traditional real estate and open the doors to a new way of living. &nbsp;

“Our homes offer residents unrivalled lifestyle experiences, underpinned by timeless aesthetics and international influences to create something truly extraordinary for &nbsp;Melbourne’s discerning elite.&nbsp;

“With our highly acclaimed design partners, we have created a new benchmark for luxurious living. The Clendon Residences offer the only apartment concept of its kind at such an exclusive address and so it’s no surprise there is keen appetite for the prospect to invest in &nbsp;the sought-after location with the bespoke residence concept being such a unique &nbsp;opportunity.”&nbsp;

The remaining Clendon Residences are priced from $6 million and are set to reach completion in early 2025. &nbsp;

PB&Co. President Michael Pesochinsky said the recent off the plan sale further solidifies Clendon Road's status as a prime location for luxury real estate

PB&Co secure price per square metre record for three-bed apartment on one of Toorak's best streets

<a href="/developers/time-place">Time &amp; Place</a> has broken the off the plan apartment record for Boroondara three times at its luxury <a href="/developments/camberwell-vic-3124">Camberwell apartment development</a>, <a href="/new-apartments/victoria-hill-camberwell-166-victoria-road-camberwell">Victoria Hill</a>.

The three penthouses sold for a combined $30 million. One of the penthouses was bought by&nbsp;Vin Sammartino, the director at business development at Hacer Group who are the appointed builders of <a href="/new-apartments/victoria-hill-camberwell-166-victoria-road-camberwell">the Victoria Road project</a>.

The&nbsp;Boroondara record had been around $6.5 million, secured in Kew for the penthouse atop Rondure House.

There are 25 apartments in <a href="/new-apartments/victoria-hill-camberwell-166-victoria-road-camberwell">Victoria Hill</a>, located on one of Camberwell's highest points at <a href="/new-apartments/victoria-hill-camberwell-166-victoria-road-camberwell">166 Victoria Road</a>. The project has been designed by&nbsp;Cera Stribley and has interiors curated by interior design studio Hecker Guthrie.

There are two and three-bedroom apartments on offer, starting from 130 sqm and priced just under $2 million.

The amenities at <a href="/new-apartments/victoria-hill-camberwell-166-victoria-road-camberwell">Victoria Hill</a> include a boardroom, gym, digital concierge, private lock up garages, bike storage, parcel delivery and dog wash facilities.

[smartcode_project:default project_id=138722 project_image_fid=290200]

Time &amp; Place Sales Director James Herbert believes the recent record sales of Victoria Hill underpin the unique nature of the offering, coupled with the suburb's reputation as one of Melbourne's most in demand pockets.

"Until now, however, there hasn't been a collection of residences offered to the market that con match the premium lifestyle experience that the downsizer market of this particular locale expects," Herbert says.

"We have worked hard with Victoria Hill to create residences that are uncompromising in their dedication to size, quality, and materiality, that capture the essence of Camberwell through the uninterrupted city and leafy-green views."

Herbert says&nbsp;Camberwell is arguably the most premier and coveted suburb within Boroondara.

"You only have to look to the exceptional private schools, stately mansions and 150-year-old tree-lined boulevards to see its appeal.&nbsp;

"Our buyers have expressed that they have been waiting patiently for the right opportunity to present itself that encapsulates their lifestyle needs; our purchasers have resonated with the grand proportions of the residences, the life-aligned amenity offerings and digital concierge, alongside the added security of the lockable garages and private lift-access entry."

When&nbsp;conceptualising Victoria Hill, Herbert says the team sought to address the gap in the luxury residential market for those Boroondara locals wanting to downsize and stay within the community they've spent so much of their lives shaping.

"The elevated nature of the site together with the falling topography to the west allows for unprecedented views of the city which has enabled us to offer a buliding comprising primarily of family sized high quality residences.

"The topping out of Victoria Hill, held last month, provides certainty in the project. With an extensive list of potential buyers attending, it's clear that there is increasing demand for developments of this calibre within the downsizer and right-sizer market. Now that we have reached this milestone, we can confirm August 2024 as the date that the first purchases can move in.

"It's for all of these reasons and more that we've been able to achieve these record prices, purely because the value of the offering is unparalleled."

[smartcode_project:default project_id=138722 project_image_fid=290266]

Time &amp; Place Founder and Director Tim Price, a longtime local in&nbsp;Boroondara, says he has witnessed first-hand the absence of developments that compare to the lifestyle that a traditional Camberwell family home affords.

"Residents in Baroondara are hesitant to leave the neighbourhood that holds so many memories for their family, but the reality is the large format homes and gardens become more time intensive to look after and maintain as they become empty nesters.

"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.

"Our aim is to create an address that will stand the test of time not only for Camberwell but across Melbourne's east and south east as a beacon of exceptional living."

[smartcode_project:default project_id=138722 project_image_fid=290263]

Cera Stribley Co-founder and Managing Principal Dom Cerantonio says the&nbsp;residences are designed with longevity in mind, inviting high-end personalisation of the classic architectural form to allow each dwelling to reflect the lives and legacy of its occupiers.&nbsp;

"We wanted to create a multi-residential typology that would give residents a living experience that feels more akin to a stand-alone dwelling than that of traditional apartments.

"The offering is truly unique, with contemporary designed spaces responsive to the target market. The resident amenities are thoughtfully curated to enhance the experience of home, while the luxurious apartments evoke a sense of connected tranquility, where residents can entertain or retreat at their leisure."

[smartcode_project_cta:default project_id=138722]

Time & Place Sales Director James Herbert believes the recent record sales of Victoria Hill underpin the unique nature of the offering

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