Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

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?

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

Time & Place breaks apartment records at Victoria Hill in Camberwell

Michael Skala's Willowstone Capital has secured planning approval for Article Windsor—a mixed-use development in a sought-after High St location in Melbourne's south east.&nbsp;

The project at 274-284 High Street in Windsor blends modern apartments and a Federation-style heritage building restoration.

A key highlight of Article Windsor is the strategic amalgamation of two adjoining development sites, a testament to Willowstone Capital's foresight and ability to identify unique opportunities.

The $16 million development is situated on a 408 sqm site that was last sold in April 2021 for $2.5 million.

Article Windsor comprises 36 apartments ranging from one to three bedrooms across a new six-storey building.

There will be 14 one-bedroom, 14 two-bedroom, and eight three-bedroom configurations. The plans also include a basement car park with 33 parking spaces designed by Warren and Mahoney.

Complementing this modern building is the restoration of the heritage building on site. This historic structure is slated to be adapted for various uses, including retail, food and beverage establishments, and commercial office spaces.&nbsp;

Situated five kilometres southeast of Melbourne's CBD, the development benefits from its proximity to the famous Chapel Street and the dynamic Windsor precinct. The rejuvenation of this area is poised to positively impact the local community, providing housing and contributing to the region's economic vitality.&nbsp;

Willowstone Capital's project has garnered support from IDA, who will serve as the principal capital partner.&nbsp;

Willowstone Capital's project has garnered support from IDA, who will serve as the principal capital partner. 

Willowstone Capital secure approval for new Windsor apartment development

Two of the four residential towers at Far East Consortium's $2 billion destination precinct, <a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place</a>, soar high above their Spencer Street location on the western side of the Melbourne CBD.

Melbourne's biggest inner-city development at 1.2-hectares, <a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place </a>encompasses 97,000 sqm of floor space, with 2,895 apartments, Melbourne's first Ritz-Carlton Hotel, Dorsett Hotel rooms, and a 500-seat ballroom, among several exclusive world-class amenities when all of the four towers are completed.

The first two towers, known as Tower 1 and Tower 2, house 1,376 apartments, a Ritz-Carlton Hotel, a business centre, and a 550-seat grand ballroom.

The prestigious Ritz-Carlton hotel has private elevators, amenities, and a sky lobby on floor 79.

Meanwhile, Towers 3 and 4 comprise a further 1,519 apartments and a 308-room, 4-star Dorsett Hotel.

[smartcode_project:default project_id=1270 project_image_fid=141280]

Towers 1 and 2 are subdivided into three residences: the Garden, Central, and Sky Residences, each offering stunning views of Docklands and the Melbourne City skyline.

Garden and Central Residences enjoy access to three levels of residential amenities, while an additional level of amenity is exclusive to occupants of the Sky Residences.

The ground and the tower’s podium have lush garden plazas, shopping, an arcade, and a new central laneway with 30 food and beverage outlets place offerings right below the apartments.

[smartcode_project:default project_id=1270 project_image_fid=226905]

The <a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place precinct</a> has over 3,000 sqm of ground-floor retail and 475 sqm of dedicated parkland and garden spaces throughout the new central laneway connecting Lonsdale Street with Little Lonsdale Street.

On levels six, seven and 10, resident amenities include:

<ul>
	<li>A lounge with garden views</li>
	<li>A pool with a steam room and sauna</li>
	<li>A gymnasium with an open terrace; function, meeting, and reading rooms</li>
	<li>A library</li>
	<li>Two&nbsp;large open decks with seating and BBQ facilities</li>
	<li>A private cinema</li>
	<li>Karaoke and virtual golf facilities</li>
	<li>Private dining and lounge areas</li>
</ul>

[smartcode_project:default project_id=1270 project_image_fid=217069]

Level 11 provides additional residential amenities for Sky Residences and includes an exclusive pool with a steam room and sauna; a gym and wellness centre with yoga and Pilates equipment; a private dining and lounge areas with a chef’s room and a fireplace; a mahjong room; an executive club lounge with a library reading room; and exclusive cocktail and residents’ lounge.

<a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place</a> also boasts various sustainable features and has been awarded a 5-star Green Star Rating.

Some of the key environmentally conscious features included within the development are energy-efficient lighting, double glazing, and air-conditioning strategy, an embedded network allowing residents to purchase utilities at reduced rates from a single on-site retailer, water-efficient fixtures, fittings, and pool filtration, share car facilities, a shutdown switch next to every apartment entry door, rainwater storage tanks, and provision for electric vehicle (EV) charging.

[smartcode_project:default project_id=1270 project_image_fid=240784]

<blockquote>
"The amenity on offer at <a href="/buildings/west-side-place-melbourne-250-spencer-street-melbourne-vic-3000">West Side Place</a> means investors can reasonably have considerably higher returns than they would in other CBD buildings." 
Nest Projects Director Nick Marinakis.
</blockquote>

First-home buyers have also looked to complete inner-city apartments to exit the rental market. West Side Place offers excellent value, and despite interest rates being higher than in the last few years, first-home buyers can still pay down a mortgage for less than what they're paying renting a similar apartment.

Designed by Cottee Parker Architects, West Side Place&nbsp;offers one, two, and three-bedroom apartments starting at $525,000.

Apartments are designed to maximise natural light and provide exceptional views over the city and Port Phillip Bay. Garden terraces and balconies also serve as an extension of internal living spaces.

[smartcode_project:default project_id=1270 project_image_fid=217074]

West Side Place is within the University-High School Zone and only a few minutes walk to Flagstaff Garden, Southern Cross Station, and the Free Tram Zone.

Sports enthusiasts will also be delighted to be just a stone's throw from Marvel Stadium, while world-class attractions such as the National Gallery of Victoria, The Lume, and Crown are easily reachable from West Side Place.

[smartcode_project_cta:default project_id=1270]

"The amenity on offer at West Side Place means investors can reasonably have considerably higher returns than they would in other CBD buildings," Nest Projects Director Nick Marinakis says

From a home cinema to a karaoke room: The extensive facilities in the second stage of the $2 billion West Side Place

Sunkin Property Group is bringing one of the most facility-laden developments Bayside has ever seen at Highett Common, its recently launched masterplanned development in the heart of Highett.

Sprawling across a 9.3-hectare block, Highett Common will feature diverse, architecturally designed apartments and townhomes that will soon be home to more than 1000 residents—overlooking views across a new conservation reserve and parkland.

So far just Park House, the first apartment building in the masterplan, and a collection of townhouses, have been released to the market, to great success. Over 50 per cent of the one, two and three-bedroom apartments in Park House have been snapped up.

Making sure residents have significant amenity when they move into Park House in mid to late 2025, part of the first stage will incorporate numerous health and wellbeing facilties.

Carefully curated resident amenities offer a daily resort living experience on the southern end. Lounging, entertaining, fitness, and well-being spaces seamlessly blend in with the landscaped outdoors.&nbsp;

Wide glass doors open to sun-drenched decks around an outdoor pool. After work, residents can clear their minds on the treadmill while enjoying green views or find their zen with a yoga session.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=213940]

These amenities are located near the Southern Common's conservation park and trails.

Meanwhile, residents can host celebrations with family and friends in a private dining room and expansive indoor and outdoor lounge areas.&nbsp;

Residents can dip in the indoor lap pool or exercise the body and the mind in the fully-equipped gym and wellness area for meditation, yoga, and group fitness throughout the year.&nbsp;

[smartcode_project:default project_id=108019 project_image_fid=213939]

These amenities are across the Northern Common's park, playground, and BBQ area.

The development also incorporates dedicated spaces for work and study, workshops, and community meetings at the new public Highett Library.

Homeowners will have access to a platform enabling them to connect with neighbours via an innovative community app. This app allows residents to book amenities, receive project updates and alerts, join social clubs, sign up for fitness and wellness activities, and access local business services.

Designed by ClarkeHopkinsClarke, the Highett Common precinct aims to become Victoria's first medium-density, Net Zero Carbon community and the most significant development outside Melbourne’s CBD to shift to all-electric.

[smartcode_project:default project_id=108019 project_image_fid=213941]

The precinct will feature biophilic-designed homes targeting high NATHERS ratings through various environmentally conscious initiatives, including solar panels for energy generation, smart car charging capability, recycled rainwater for irrigation, sustainably sourced timber and steel, and many more energy efficiency features.

The precinct also sets a precedent for being a walkable community to reduce emissions, encourage physical activity, and minimise the need for vehicle travel.

Highett Common has been carefully planned with connectivity at its core, with numerous destinations accessible by a stroll, jog, drive, or ultra-convenient access to public transport.

[smartcode_project:default project_id=108019 project_image_fid=234794]

The project will reserve four hectares of land for greenery, with three hectares for a conservation area and one hectare for public parkland.

The design of the open spaces has been inspired by the nature already on the site, says Tract senior principal landscape architect Mariano Lopez.

“Our design approach is to ensure that the landscape architectural treatment responds to the site conditions and context, that is respectful of the place and provides a meaningful site response.”

Highett Common is situated 20 kilometres from Melbourne's CBD. It is just a two-minute walk from Highett station, while the Highett Shopping Centre, with a Woolworths supermarket and specialty shops, is conveniently located next door.

[smartcode_project_cta:default project_id=108019]

Highett Common: Bayside's most amenity-rich masterplanned community

The recently completed Stature Southbank by Melbourne developers Salvo Property Group has brought a distinguished new landmark in Melbourne’s coveted <a href="/developments/southbank-vic-3006">Southbank</a>&nbsp;locale.

It's its fringe location which has proven one of the most attractive propositions for purchasers, who have ranged from first home buyers to rightsizers.

The 34-level complex is perfectly positioned between fashionable South Melbourne and the vibrant Crown Casino Entertainment Complex and CBD, putting residents at the heart of Southbank's lively restaurant, bar, and fashion precinct.

[smartcode_project:default project_id=24683 project_image_fid=218540]

Melbourne's CBD, rich in history, culture, and life, is just steps away from <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature</a>. Landmarks like Federation Square and Bourke Street Mall are within a ten-minute drive.

Salvo Property Group Executive Chairman says inner-city&nbsp;living means you are relatively confined by your surroundings, but <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> is positioned on the fringe of the CBD.

"We are able to take advantage of the position so we can have uninterrupted views without fear of another building going there,” Salvo says.

This fringe positioning also brings proximity to quieter residential areas, gardens, and parks.

[smartcode_project:default project_id=24683 project_image_fid=222926]

Victoria's moniker as the Garden State is well-founded, with spectacular parks such as the Royal Botanic Gardens, Alexandra Gardens, and Albert Park Lake defining the inner city landscape.

<a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank's address</a> boasts an impressive walk score of 98 due to its proximity to the CBD, South Melbourne markets, transport links, and the Yarra River.&nbsp;

The Yarra River and its trails, weaving through <a href="/developments/southbank-vic-3006">Southbank</a>, offer residents opportunities for picturesque morning runs and afternoon strolls.

Along the Yarra River, the <a href="/developments/southbank-vic-3006">Southbank</a> Promenade is home to an extensive mix of premium boutiques from local and international designers and has become a destination for high-end shopping.&nbsp;

[smartcode_project:default project_id=24683 project_image_fid=222908]

In the CBD, Collins Street is also synonymous with luxury retail, featuring flagship stores from renowned brands like Louis Vuitton and Hermes.

Meanwhile, just a ten-minute walk south of <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> is the iconic South Melbourne Markets, where residents can access locally sourced produce.&nbsp;

Just a short stroll from <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature</a> along the <a href="/developments/southbank-vic-3006">Southbank</a> Promenade, residents can relish the flourishing arts and culture scene at the National Gallery of Victoria, The Arts Centre and other theatres and galleries.

[smartcode_project:default project_id=24683 project_image_fid=222926]

Melbourne's nightlife comes alive with intimate bars, luxurious nightclubs, and the Crown Entertainment complex, offering many venues for relaxation and enjoyment. Spencer Street hosts some of the best and closest bars, including The Boatbuilders Yard, Whitehart Bar, and Arbory Bar.

Residents can also indulge in the endless dining options in premier cafés and restaurants, with all the cosmopolitan tastes and cuisines of the city just moments away.

Along Clarendon Street are Pho a Gogo, Meatworksco, Chez Dree, St. Ali Coffee Roasters, Pietro e Paolo, and Kettle Black for a steaming cup of coffee, breakfast, lunch, and dinner.

For young families, <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> is within walking distance or a short ride to several educational institutions, from primary schools to universities.

Some surrounding schools within one kilometre are South Melbourne Primary School, Galilee Regional Catholic Primary School, Melbourne Grammar School, Victorian College Of The Arts Secondary School, Victoria University, and the University of Melbourne.

Designed by Squillace Architects, <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a> comprises 175 apartments on Clarendon Street, with many offering uninterrupted views across Port Phillip Bay. Height restrictions in neighbouring suburbs ensure Stature's panoramic views of Albert Park Lake, the bay, and Port Melbourne remain unobstructed.

Residents will also have exclusive access to resort-style facilities within <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a>, including a private rooftop garden and pool, a communal lounge, and a gymnasium.

Only a handful of three-bedroom apartments remain at <a href="/buildings/stature-southbank-119-clarendon-street-southbank">Stature Southbank</a>.

[smartcode_project_cta:default project_id=24683]

Stature Southbank's address boasts an impressive walk score of 98 due to its proximity to the CBD, South Melbourne markets, transport links, and the Yarra River.

Stature's prime Clarendon Street location in Melbourne's Southbank 

Riverlee has unveiled an expansive waterfront penthouse which will top its $600 million <a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands">Seafarers apartment development</a> on the Docklands waterfront.

Designed by <a href="/developers/riverlee">Riverlee</a> founder and architect Clement Lee OAM in collaboration with Nonda Katsalidis and the team Fender Katsalidis, the 719 sqm, luxury penthouse has been priced from $18 million.

The apartment, with four bedrooms and four bathrooms, has been designed with its own personality and configuration to create a result that is refined and compelling,&nbsp;Fender Katsalidis principal Rosie Morley says.

“Generous scale, bold intersecting forms, integrated joinery and the masterful interplay of texture, colour, and light continue across every room,” Morley says.

“With framed views to green outlooks, these apartments use biophilic design to make luxury and simplicity one.

"Skylit conservatories and terraces provide an immediate sense of calm, and flexible floor spaces give residents the opportunity to come together or break away.”

<img alt="Seafarers" data-entity-type="file" data-entity-uuid="e940c95d-7cf0-4ac6-ba49-f238aaf1579d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-11%20at%202.08.35%20pm.png?VersionId=xn1gzNYIyWfHHpdEGxRazymPbtkz41pU" />

Home to Australia’s first 1 Hotel, the US-founded, nature-inspired luxury brand, <a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands">Seafarers</a> will be home to the first completed hotel-branded residences in Melbourne.

Supported by the dedicated team of over 200 hotel staff, residents gain full access to guest amenities and hotel services such as housekeeping, in-room spa treatments, private chef, 24/7 concierge, botanical and pet care, valet, and signature 1 Hotel events.

Launching the penthouse to the market in the same month <a href="/developers/riverlee">Riverlee</a> kicks off its 30-year anniversary celebrations, Clement Lee says the luxury residence is a project of personal significance to himself and Riverlee’s in-house design team.

‘’The penthouse at Seafarers offers an experience that exemplars and exceeds the quality, functionality and placemaking that Riverlee has become known for," Lee says.

"This is the culmination of my career, 30 years as a developer and 40 years as an architect and urban planner.

“Working with our long-term project partners Fender Katsalidis, we have created something that signifies more than a home — it is the crown jewel of Seafarers and a legacy that I am personally very proud of.”

[smartcode_project:default project_id=27728 project_image_fid=173913]

Situated on the final piece of Melbourne’s original waterfront, the 18th-floor penthouse represents the last opportunity for uninterrupted views of Melbourne’s Yarra River, boasting its own 72 sqm biophilic open terrace, a rare offering for its height and scale. Inside it has&nbsp;floor to ceiling views, a private lobby entrance, wine cellar, formal dining, and cocktail lounge.

The 125 sqm master suite features&nbsp;Poliform walk-in robes, while guest bedrooms and social spaces are arranged around a grand central gallery and internal conservatory.

With construction underway, 1 Hotel &amp; Homes Melbourne is set to open in 2024. The Agency co-founder Steven Chen says the premium offering and the imminent timing of the penthouse’s completion will be of interest to high net-worth clients looking for a brand new turnkey residence.

[smartcode_project:default project_id=27728 project_image_fid=173942]

“This is a rare offering in terms of location, the immense size of the residence and the integrated 5-star hotel services and amenities on offer, so we are anticipating strong interest,” Chen says.

“With breathtaking views of the Yarra River and the beautiful Melbourne CBD skyline, this lock-and-leave penthouse offers immense privacy and high security."

Chen believes there will be a lot of clients interstate and internationally that will want to acquire the penthouse as a second or third residence.

Recent findings by Knight Frank Research have revealed future demand for second homes, including branded residences, is expected to be driven by rising affluence, increased mobility, and the desire of wealthy investors to expand their residential property portfolios.

Fifteen per cent of UHNWIs have been considering a purchase in 2023, it reports, and global sales of prime and super-prime properties have rebounded, with Australia considered a favoured destination for second home purchases.

[smartcode_project_cta:default project_id=27728]

The Agency's Steven Chen believes there will be a lot of clients interstate and internationally that will want to acquire the penthouse as a second or third residence

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