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?

Wattletree and Dorman Capital’s newest development is bringing something completely different to what South Yarra has seen in recent years, on one of the sought-after suburbs last remaining riverside sites.

Firstly, the $190 million project presents itself as a high-rise building at 20 levels, considerably lower than some of the towers dotted in central South Yarra, but higher than the compact low-rises on the fringes of the suburb. However there's only 58 apartments in the building designed by SJB. It's owner-occupier focused on a grand scale.

Because of the size of the building, Wattletree were able to provide amenity as if it was a true high-rise tower. There's a rooftop with a&nbsp;swimming pool, alfresco dining space with a barbecue kitchen, and an indoor dining area.

[smartcode_project:default project_id=112970 project_image_fid=214717]

The second major point of difference compared to other towers is the location. It's quietly tucked away off the busy Chapel Street, offering the prospect of being near the activity without being disturbed by it. Chapel Street is one of Melbourne's coolest strips, lined with bars, restaurants and cafes.

It's also got the outlook back to Melbourne from a number of the apartments as well as the roof. The views aren't only on offer from the higher apartments, due to the fact the site sits in front of the protected&nbsp;Melbourne High School's football ground, so views can't be built out.

[smartcode_project:default project_id=112970 project_image_fid=214702]

The address is well connected, with South Yarra Station just a five-minute walk, while nature is abundant with the Yarra River on the doorstep and the expanse of Fawkner Park and the Royal Botanic Gardens a short walk down Toorak Road or the riverfront Alexandra Avenue.

Families have shown interest in the project due to the proximity to a number of child friendly recreational activities and educational institutions.

There's five university campus's within two kilometres, five high schools in just over a kilometre, and five primary schools in under 900 metres. Christ Church Grammar School is one of the best primary schools in the state, while Melbourne High School is one of the best public schools.

[smartcode_project:default project_id=112970 project_image_fid=214708]

Of course, and potentially the biggest point of difference in South Yarra House, is the size of the apartments and the architecture.

SJB's vision was to&nbsp;pay homage to South Yarra's rich architectural heritage, with a brutalist-style facade making it stand out from surrounding buildings.

"South Yarra House takes subtle cues from its surrounds and the heritage buildings dotted throughout and blends it with a modernist sensibility to create an outcome of clarity, elegance and distinction," SJB said.

[smartcode_project:default project_id=112970 project_image_fid=214724]

SJB were inspired by&nbsp;South Yarra's iconic Art Deco and Spanish mission homes and apartment blocks, such as the Beverley Hills flats and 31 Marne St SJB's design concept merges a timeless New York tower aesthetic with these local references.

They worked hand in hand with interiors expert Hecker Guthrie, to design a building that will stand the test of time for both the streetscape and South Yarra, as well as its residents.

South Yarra House is slated for completed in late 2025.

[smartcode_project_cta:default project_id=112970]

How South Yarra House represents the rarest of opportunities in the inner-city suburb

Developer Wickton has decided now is the right time to push the go button on their two Hampton apartment developments.

Wickton, led by property industry veteran Blanco Norton and well known architect Will Leaf, have brought to the market two different kinds of projects, albeit both developed for the owner-occupier.

The first project, Linacre Rise, comprises 27 modern apartments, while the latest release, 58 Beach, has just six apartments with views to both Hampton and Sandringham Beach. Both were designed by Leaf's architecture firm Ewert Leaf.

Read more:&nbsp;<a href="/news/vic/wickton-launch-new-hampton-apartment-development-linacre-rise">Wickton launch new Hampton apartment development, Linacre Rise</a>

[smartcode_project:default project_id=141530 project_image_fid=229653]

The timing of completion of both 58 Beach and Linacre Rise, late 2024 and mid-2025, is something which North thinks will make sense for a downsizer.

"There's an opportunity for downsizers coming out of their family home," Norton says.

"They can lock in the apartment at 2023/24 prices, then benefit of selling into a market where values are expected to have increased off the back of interest rate drops."

Both projects have been well received by the market within the first few weeks of the campaign, Norton adds.

58 Beach has been designed by Ewert Leaf to take advantage of its location. The ground floor apartments feature landscaped wraparound courtyards by John Patrick, while the terraces above take in never to be built out water views.

[smartcode_project:default project_id=141530 project_image_fid=229649]

The kitchen, with natural stone benchtops, brushed nickel handles and tapware and premium Swiss V-ZUG Appliances arranged in a tower setup, meets the open plan living and dining space which opens to the outdoors.

The two-bedroom apartments at 58 Beach start from $1.65 million, and the three-bed units are priced from $2.15 million.

Linacre Rise brings a little more supply to Hampton, with 27 two and three-bedroom apartments, but with the same intent as 58 Beach.

[smartcode_project:default project_id=95289 project_image_fid=229694]

"Capitalising on a location in one of Hampton’s highest areas, each residence at Linacre Rise has been carefully designed to capture superb views in every direction," the architecture firm said.

"Here, among the calm of a peaceful leafy boulevard, you can relax and recharge, with everything you love about Hampton close by," the architecture firm said.

The 15 two-bedroom apartments start from $1,275,000, while the 12 three-bedroom apartments are priced from $2.05 million.

Wickton has another two projects in the pipeline, another in Bayside and one in Stonnington.

[smartcode_project_cta:default project_id=141530]

The timing of completion of both 58 Beach and Linacre Rise, late 2024 and mid-2025, is something which Norton thinks will make sense for a downsizer

Wickton launch second Hampton apartment development in as many weeks

Construction is underway on Outline Projects' <a href="/developments/fitzroy-vic-3065">Fitzroy apartment development</a>, <a href="/buildings/131-smith-street-fitzroy-131-smith-street-fitzroy">131 Smith St</a>.

The project aims to strike a balance between preserving the heritage of Smith Street while offering a modern and sustainable living space for the future.

The focus is not just on immediate appeal, but on ensuring that the building matures over time, leaving a minimal impact on the planet.

[smartcode_project:default project_id=110365 project_image_fid=197936]

Designed by the&nbsp;Ilana Freadman and Michael White-led Freadman White Architects, <a href="/buildings/131-smith-street-fitzroy-131-smith-street-fitzroy">131 Smith St</a> makes the most of every space, providing functionality, flexibility, and versatility to accommodate all needs.

Natural materials harmonise the building with the Smith Street-scape, while textural forms and raw finishes preserve a lo-fi charm in keeping with the neighbourhood's character.&nbsp;

Under the leadership of former architect Peter Forsyth, <a href="/developers/outline-projects">Outline</a> works through partnerships with leading architects and designers like Freadman White, to embrace the qualities of a site and to promote a holistic lifestyle for residents and occupants.

[smartcode_project:default project_id=110365 project_image_fid=197944]

Projects like <a href="/buildings/131-smith-street-fitzroy-131-smith-street-fitzroy">131 Smith St</a>, 44–46 Greeves Street, Fitzroy and Little Oxford Street demonstrate the group's bespoke approach, delivering projects that are designed to get better with age.

The carbon neutral building has sustainability at its core, evident through the range of environmentally-friendly initiatives.

Boasting an all-electric status, <a href="/buildings/131-smith-street-fitzroy-131-smith-street-fitzroy">131 Smith St</a> incorporates solar panels on the rooftop, supplying electricity to the common area, while a centralised electric hear pump hot water system and energy-efficient appliances further contribute to the building's carbon footprint.&nbsp;

[smartcode_project:default project_id=110365 project_image_fid=197943]

Double-glazed windows enhance insulation throughout,&nbsp;ensuring optimal energy efficiency and climate control within the building, while rainwater harvesting and water-efficient appliances minimise water consumption and waste.

The site will also include electric vehicle charging points in the basement, as well as shared e-bikes for residents and 52 bicycle parking spaces. These sustainable transport options compliment the suburb's 99 out of 100 Walk Score, with accessibility to amenities and public transport a breeze from <a href="/buildings/131-smith-street-fitzroy-131-smith-street-fitzroy">131 Smith St</a>.&nbsp;

[smartcode_project_cta:default project_id=110365]

The focus is not just on immediate appeal, but on ensuring that the building matures over time, leaving a minimal impact on the planet.

Outline Projects to bring sustainability to Fitzroy with 131 Smith St apartments

BPM's Shadow Play is one of the most dense buildings in Southbank, rising 55 levels and homing 546 apartments.

Positioned at the entrance of the city's entertainment and recreation precincts, Shadow Play symbolises the beating heart of a metropolis, designed by the acclaimed Elenberg Fraser.&nbsp;

 
<img alt="Sputhbank" data-entity-type="file" data-entity-uuid="62e82aff-a08c-4951-8ac6-e6578fc01689" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.04.03%20pm.png?VersionId=yoyroYCGgxQWt3hUVDA2TLJ7agTrBf3W" />

&nbsp;

With its proximity to the city centre and its adjacency to the Botanical Gardens, parklands, picturesque Port Phillip Bay, and Yarra River, residents benefit from it all.&nbsp;

All the one-bedroom apartments have already sold in Shadow Play, with a mix of two and three-bedroom floorplans remaining. Designed with materials like stone, brass and crafted timbers, the residences also benefit from innovative technology and connectivity.&nbsp;

<img alt="Shadow" data-entity-type="file" data-entity-uuid="174cd3b5-4a3d-428c-813e-21c041f81861" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.06.40%20pm.png?VersionId=OE4mOIlMGaYCTfBSP6mzQLEWPFJVpHJQ" />

Residents will also be at home to a host of amenity, including&nbsp;private dining, an in-house lounge, and a well-equipped gym.

The podium terraces and rooftop spaces provide further breakout space within the development, while also showcasing vistas of Melbourne's city skyline, as well as to St Kilda, Port Melbourne and the Dandenong Ranges.&nbsp;

[smartcode_project_cta:default project_id=2600]

Positioned at the entrance of the city's entertainment and recreation precincts, Shadow Play symbolises the beating heart of a metropolis, designed by the acclaimed Elenberg Fraser. 



Inside the completed Shadow Play, Southbank apartment development

Design-led developer Lowe Living has announced the sales launch of their latest development, <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> in <a href="/developments/south-melbourne-vic-3205">South Melbourne</a>.

Alongside joint venture and development partner ICON Developments, a wholly owned subsidiary of Japanese property giant Kajima Corporation, the $160 million mixed-use project located at <a href="/new-apartments/emerald-place-by-lowe-living">182-200 Clarendon Street in South Melbourne</a> will deliver 1,500 sqm of ground-floor retail, 12 premium commercial tenancies over two levels and six levels of 36 apartments.

Following a <a href="/news/vic/lowe-living-secure-quick-approval-for-160-million-south-melbourne-development">fast-tracked planning permit within four months</a>, the two groups continue to remain focused on delivering a market-leading design, leading build quality and a high-quality end product.

[smartcode_project:default project_id=135816 project_image_fid=231196]

Promising to deliver a significant addition to the area's vibrant urban landscape, the project’s design partners include architect, Woods Bagot and landscape architect Acre.

The design vision for <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> embraces the rich architectural history of the <a href="/developments/south-melbourne-vic-3205">surrounding late 19th and early 20th-century buildings</a>. Woods Bagot's innovative approach incorporates polychromatic brickwork and scale, that harmoniously blends with the site context. Acre has complemented the architecture to deliver a lush, verdant botanic setting in vertical landscapes, ensuring a seamless connection with nature.

Ana Sá, Associate Principal at Woods Bagot highlights, says&nbsp;<a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> represents a prominent corner statement and a contemporary interpretation of Victorian charm that sits sympathetically within its South Melbourne context.

“Drawing inspiration from the ubiquitous corner pubs, the design principles of detailed brickwork and a strong vertical grid have informed the project's narrative. The polychromatic brickwork references the local 19th-century palette in a uniquely contemporary expression for a timeless architecture that is truly of its place.”

[smartcode_project:default project_id=135816 project_image_fid=231203]

The residential offering includes a collection of two and three-bedroom apartments, as well as a limited number of three and four-bedroom Skyhomes, coming to market soon. Lowe Living has received a high-level of interest in the project off-market and is currently working with waitlisted clients.

The two-bedroom apartments on offer have internal areas between 111 sqm to 132 sqm are priced from $1.55 million, while the three-bedroom apartments, spanning between 135 sqm to 268 sqm, start from $1.99 million.

The Skyhomes will comprise of four expansive apartments positioned at the top of the building on levels seven and eight, with internal areas ranging from 268 to 391 sqm. These apartments also offer bay or city views with triple-aspect outlooks, with pools to select apartments.

High-quality finishes and appliances feature throughout the apartments, with natural stones, porcelain tiles, engineered timber flooring, wool carpets, premium fixtures, as well as Gaggenau and Liebherr appliances.

[smartcode_project:default project_id=135816 project_image_fid=231200]

<a href="/developers/lowe-living">Lowe Living</a> is targeting a minimum 7-Star NatHERs rating in operation. The commercial offering comprises 12 premium strata office tenancies which are also available for sale. Two have already been snapped up. The adjacent three-level car park is currently on the title to service the car parking needs of the office and retail tenancies.

Drawing on their expertise in the boutique luxury development space, Lowe Living aimed to draw on this to deliver a premium offering whilst retaining a distinct customer focus on luxury owner-occupier.

<a href="/developers/lowe-living">Lowe Living</a> Founder and Managing Director Tim Lowe says the team are&nbsp;very excited to bring this unique project to market.

"No detail has been spared in <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a>, and it truly embodies our commitment to excellence and innovation," Lowe said.

[smartcode_project:default project_id=135816 project_image_fid=231201]

"We were astutely focused on the luxury owner occupier, therefore we wanted to ensure the design responded to both the expectations of this buyer, as well as the desired lifestyle with local amenity on your doorstep.

"We worked closely with Woods Bagot to ensure the floorplans offered a variety of considered layouts to suit the unique needs of our buyers with expansive and thoughtfully landscaped private outdoor spaces by Acre. Arriving home to <a href="/new-apartments/emerald-place-by-lowe-living">Emerald Place</a> is an opportunity for our buyers to escape the urban atmosphere of South Melbourne and step inside a verdant, tranquil and luxurious haven.”

ICON Developments is expected to start construction early next year, with a build time of around 20 months meaning completion will fall around mid to late 2025.

[smartcode_project_cta:default project_id=135816]

Design-led developer Lowe Living has announced the sales launch of their latest development, Emerald Place in South Melbourne

Lowe Living launch Emerald Place, South Melbourne apartments

Wanda Terraces, developer Platinum's residential development of only 24 apartments in the heart of Caulfield North, will rise from its Hawthorn Road location by early 2025.

Wanda Terraces has 24 two and three-bedroom apartments starting from a generous 90 sqm, ranging in size to 262 sqm. Each apartment has two bathrooms and two secure parking spaces.

[smartcode_project:default project_id=112388 project_image_fid=208645]

Inspired by the heritage and distinct character of Caulfield North's tree-lined streets, architectural practice Ewert Leaf merges classic and contemporary architectural elements and materials into an understated façade wrapped in textural elements of raw concrete, natural timber and metal accents draped in lush, cascading greenery.

"We have created a unique sense of luxury in one of Melbourne’s most desirable locations," said Ewert Leaf Director&nbsp;Cathryn Tattersall, while Will Leaf said the aim was to create a collection of homes with a point of difference and exclusivity.

Inside the Wanda Terraces apartments, residents will enjoy bespoke detailing and refined fittings, fixtures and finishes - pale oak flooring and textured stone surfaces - and cutting-edge home technology like biometric finger access and an app-enabled video intercom.&nbsp;

[smartcode_project:default project_id=112388 project_image_fid=208647]

The apartments have an open floor layout where the oversized living, designer kitchen and dining area open into expansive private ground-floor courtyards or elevated terraces. These outdoor spaces overlook established gardens and the lush expanse of Caulfield Park.

Wanda Terraces also boast electronic parcel lockers, electric car charging stations, number plate recognition and car and dog washing amenities.

Beyond the walls of Wanda Terraces, Malvern Central, Glenferrie Road Shopping Precinct, and High Street Shopping Village are only a five-minute car ride north from the property.&nbsp;

[smartcode_project:default project_id=112388 project_image_fid=208651]

Caulfield Park, the North Caulfield Medical Centre and several international cuisine restaurants, local grocers, bistros and bakery cafes can be found along the Hawthorn Road and Balaclava Road intersection south of the property.

For those who crave the sand and surf, the beach suburbs of St Kilda and Elwood are a quick 15-minute drive from the property.

With a tram stop right at the property's doorstep and Malvern Train Station just 500 metres away, commuting eight kilometres southeast to the CBD or exploring neighbouring suburbs has never been more accessible.

[smartcode_project_cta:default project_id=112388]

"We have created a unique sense of luxury in one of Melbourne’s most desirable locations," said Ewert Leaf Director Cathryn Tattersall

mikah.m@urban.com.au

"Aiming to create a point of difference and exclusivity": Inside Caulfield North's Wanda Terraces

Melbourne unit value growth again outstripped houses for the fourth time in five months, according to CoreLogic's monthly Home Value Index.

Units, which incorporates both apartments and townhouses, saw values rise by 0.7 per cent over October, compared to 0.4 per cent for houses.

Over 2023 Melbourne unit values are now 3.7 per cent higher than they were at the start of the year, with the new median unit value now $615,000.

The housing market growth has tapered off since it turned a corner earlier this year. Sydney and Melbourne led the property market rebound, driven by low listing. Their growth has slowed the most however due to an increased level of supply most evident heading into spring and summer.

Where there's still a significant shortage in supply is in the off the plan apartment market, with developers continuing to battle the challenges of construction costs and the increased cost of land.

<h1>What's happening in the Melbourne off the plan market?</h1>

The aforementioned supply issue is still a critical issue in Melbourne, and looks like it will be for some time. There were a handful of projects go live o\ver October, but not enough to keep up with projected population forecasts.

Projects by Buxton Director Heath Thompson said the lack of supply is driving interest in stock which at one time or another has been overlooked.

“We’ve seen that residual stock is now starting to sell easily," Thompson says.

"Apartments that had been on the market for an extended period, having at one time, when supply was better, been viewed as being either expensive, compromised in outlook, or the floorpan wasn’t right, now an attractive purchase, given the lack of supply on the market."

Thompson is marketing Martin Brighton, a new boutique apartment development in Melbourne's Bayside. He's just sold a two-bedroom apartments to a Sydney investor, site unseen.

[smartcode_project:default project_id=5495 project_image_fid=220683]

Thompson says Martin ticks the right boxes in the off the plan apartment market at the moment.

"The project is under construction, with a timeframe in which people can start to prepare for their next move. The move in date of early next year means those downsizers can start to look at selling their house and what their next move looks like. It's a little easier when the building is six months away from completion compared with a few years ago. The stage of which construction is at is also particularly attractive in the current climate. There's certainty the project will complete, and that's worth its weight in gold."

On the Sydney buyer, Thompson says the buyer was particularly attracted to the longer term capital growth Brighton, and in particular Martin, represents," Thompson says.

"Martin sits in a niche pocket where you don't have to win the lottery to afford one of the apartments, but nor is it typical investor-grade, first home buyer stock. It sits in the middle tier, and suits the downsizer who doesn't have, or doesn't want to spend, $3 million plus, which the majority of new apartments in Brighton cost."

[smartcode_project:default project_id=5495 project_image_fid=190763]

Thompson has also seen renewed interest in a penthouse he's been marketing for a while, also in Brighton.

"A penthouse in Brighton we’ve been marketing has had no activity for months, but in the last week we’ve had three inspections for it.

No issues with interest rate rises at the moment as Thompson's main buyer demographic at the moment is downsizers.

Noorden Property agent David Lamond is seeing buyers cautiously await the RBA news, and the timing of the hike hasn't helped.

"It just speeds up the Christmas break for prospective buyers," Lamond says, where typically sales don't tend to occur. He says there will still be enquiry, but their timeline to purchase won't be until well into the new year once they've seen evidence of the RBA's willingness to hold rates for a prolonged period.

Lamond recently launched Marlu, a collection of just four townhouses in Hampton.

[smartcode_project:default project_id=140140 project_image_fid=219622]

In a similar fashion to Thompson's Martin, Marlu bridges a gap, in this instance between a grand $5 million plus mansion and an apartment.

"The project resonates with those not wanting to downsize fully to an apartment, but don't want the maintenance of a large family home."

Lamond forecasts that August 2024 will be a key month where developers will start to be able to put their foot on the gas once more after a few years of status quo, which will help the Melbourne supply issues.

"When looking at the supply pipeline for buyers, developers are starting to look at site acquisitions in the new year, with the view that by August, a few current challenges in the build space might tip in their favour.

"Trades are expected to start running out of work, and they won’t be able to command exorbitant prices like they are now, and materials, while not coming down, will start to at least plateau which will make it easier for a developer to accurately price a project."

Where there's still a significant shortage in supply is in the off the plan apartment market, with developers continuing to battle the challenges of construction costs and the increased cost of land.

City Beat October 2023: Buyer activity improves in Melbourne's off the plan apartment market

Lucent Group has launched a new sustainable townhouse collection in Melbourne's inner-city suburb Northcote.

Lucent Group, led by Founder and Managing Director&nbsp;Panos Miltiadou, secured the 6,131 sqm site at 84-96 Bastings Street, located in the family-friendly Westgarth neighbourhood near Johnson Park, in 2021.

Since then they've been putting together plans for Bastings, just&nbsp;47 townhouses designed by Melbourne architecture firm Kavellaris Urban Design (KUD).

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The townhouses offer a mix of configurations, with two, three and four-bedrooms on offer across either two or three-levels.&nbsp;

Prices for the townhouses range&nbsp;from $1.38 million to $2.4 million.

Arranged in four rows on either side of a pedestrian boulevard off Bastings Street, one of the area's historic residential streets, all 47 townhomes are north-south aligned, with north-facing secluded private courtyards. Those along the fourth row also enjoy sweeping views of the city.

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Bastings Community is committed to achieving Operational Carbon Neutrality for at least a decade.&nbsp;Carbon neutrality means&nbsp;having a balance between emitting carbon and absorbing carbon from the atmosphere in carbon sinks.

KUD have ensured that Bastings is centred on creating a sustainable home and lifestyle for its future residents.

Sustainably sourced, environmentally responsible materials predominate throughout the two distinct interior schemes.

Each townhouse is equipped with a private lockable basement garage that offers up to 30 sqm of multipurpose space, along with provisions for hydronic heating and individual electric vehicle chargers.&nbsp;

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Maximised natural light access and cross-flow ventilation, as well as a minimum of six rooftop solar panels, are some of Bastings' key sustainable features.&nbsp;

Every other aspect of this sustainable design encourages connection, embraces individuality, and contributes in a meaningful way to its setting.

The development has a large centralised communal open space piazza to build a community amongst the residents.

Lucent's portfolio consists of mostly sold-out apartments across Melbourne. They've previously had success in Northcote's neighbouring Brunswick East, where they are currently construction the sold-out, 69-residence Stewart Collective.

Some of Lucent's other developments include boutique townhouse collections No. 121 Chomley Street in Prahran and the under-construction Slate House in Brighton.

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Bastings comprises just 47 townhouses designed by Melbourne architecture firm Kavellaris Urban Design (KUD).

Lucent Group launch Northcote townhouse community, Bastings Street

Just two apartments remain in Beulah's completed <a href="/developments/camberwell-vic-3124">Camberwell apartment development</a>, <a href="/buildings/890-toorak-road-camberwell">Provenance</a>.

The Elenberg Fraser-designed <a href="/buildings/890-toorak-road-camberwell">Provenance</a> comprises ten house-sized residences and two luxury penthouses set over three levels and surrounded by Openwork's landscaping.

The three-storey building will include elements from Elenberg Fraser’s groundbreaking new format for residential living, The New Standard.&nbsp;

"Provenance is a project that will shift your expectations and understanding of what it is to live in a multi-residential building, now and into the future," Callum Fraser said.

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Revolutionising apartment living, Elenberg Fraser’s The New Standard is dedicated to standardising and continuously improving a high-quality, ultra-sustainable design for multi-residential living—starting with a building's entry configuration.

Already considerable in size, each <a href="/buildings/890-toorak-road-camberwell">Provenance</a> residence will feature this new wave of technology, bringing the privacy and security of a single-dwelling home into the multi-residential realm.&nbsp;

Beginning with the entrance, a direct lift seamlessly transports residents to their homes, directly opening into a private micro lobby, removing the need to navigate a public lobby or corridor.

The Micro Lobby is a transitional space with a lockable door to the apartments. For the security-conscious or the frequent traveller, it offers a safe delivery space, a storage area and a coat or shoe cupboard.&nbsp;

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In the event of a complete failure of the security system or electrical failure, the deadlocks on the door are activated and will keep the apartment safe and secure.

Grand in scale, residents will be welcomed to their apartments by an open living and dining space.&nbsp;

The heart of the home, a house-sized kitchen, is centred by a sculptural island bench and furnished with a suite of Gaggenau appliances and ample storage.

The bedrooms have an ensuite and walk-in-robe giving every member of the family the space they deserve.

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Floor-to-ceiling windows and doors open up, allowing indoor entertainment spaces to flow seamlessly into the spacious north-facing terraces and private balconies overlooking vistas of the surrounding landscaped gardens and the Toorak Road streetscape.

Less than 15 minutes walking distance from <a href="/buildings/890-toorak-road-camberwell">Provenance</a> is the Tooronga Shopping Centre and Anderson Park, while the CBD is only a 15-minute car ride.&nbsp;

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The three-storey building will include elements from Elenberg Fraser’s groundbreaking new format for residential living, The New Standard

Final two apartments at Beulah's completed Provenance Camberwell apartment development

Design-driven developer <a href="/developers/neometro">Neometro</a> has revealed its latest project.

Their luxury <a href="/developments/south-yarra-vic-3141">South Yarra apartment development</a>, <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a>, has just 10 two, three and four-bedroom apartments within the heart of Melbourne’s iconic Domain Precinct bordering the Royal Botanic Gardens, the Tan, the Yarra River and the CBD.

This historically significant part of the city boasts some of Melbourne's most iconic architecture. MORQ, the design firm behind <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a>, aimed to harmonise the development with its historic surroundings with a design that is grounded in timeless architectural principles.

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“We strive to design buildings that stand outside of time, untethered to any singular era, style or place," MORQ Director Andrea Quagliola said.

"Buildings that get this right can’t be reduced to a movement, fashion or label. There’s a sense of restrained monumentality in their simplicity that feels eternal."

The development, marking Neometro’s most high-end work to date, draws inspiration from natural light, geometry, and materiality.

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The ground-floor apartments provide a sense of seclusion and a strong connection to nature, featuring private courtyards with abundant greenery, two bedrooms and private entrances.

On levels one and two, enveloped by a canopy of trees and bathed in dappled light, the apartments include spacious main bedrooms, butler's kitchens and dedicated entry halls.

All apartments have generous living areas, well-appointed kitchens, laundry areas, and outdoor cooking and dining spaces.

MORQ's work is distinguished by a deep connection to Rome's historical heritage and an appreciation for its enduring European architectural design adapted to a modern Australian context.

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Residents at <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a> will enjoy a well-rounded and convenient lifestyle, surrounded by natural beauty like the Royal Botanic Gardens, Yarra River, Fawkner Park, and Albert Park Lake. Urban amenities, such as the restaurants and cafes that line Toorak Rd, <a href="/developments/south-yarra-vic-3141">South Yarra</a> Station, and The Como Centre Shopping Mall, are within a 20-minute walk from the property.

This project marks MORQ's first multi-residential project in Melbourne. The majority of their portfolio comprises luxury houses in Italy, earning them numerous awards and international recognition.&nbsp;

Their Floeat, Perth house, Cloister House, received the Marshall Clifton Award for Residential Architecture at the WA Institute of Architecture Awards in 2019. Additionally, a house they designed in Noosa secured the Building of the Year award at the 2015 Sunshine Coast Regional Architecture Awards by the Australian Institute of Architects.

<a href="/developers/neometro">Neometro</a> have been at the forefront of forward-thinking development since 1985 when they were founded by Jeff Provan and Barry Ludlow, who from the outset had a focus on providing striking new apartment developments across Melbourne.

Apartments at <a href="/new-apartments/49-walsh-street-south-yarra-49-walsh-street-south-yarra">49 Walsh Street</a> start at $3.975 million, with an estimated completion date set for July 2025.

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“We strive to design buildings that stand outside of time, untethered to any singular era, style or place," MORQ Director Andrea Quagliola said

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