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?

Earlier this year Sunkin Property released Highett Common, their sustainable masterplan in the heart of the sought-after Bayside suburb.

We recently caught up with Scott Jessop, Head of Sales and Marketing at Sunkin Property Group, to discuss the project in more detail.

Highett Common: Shaping the Future of Bayside Melbourne

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/svkvrP6IGyA?si=Hnll05VBnPeBLC9q" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen&gt;&lt;/iframe&gt;

[smartcode_project_cta:default project_id=108019]

Highett: The Oasis of Bayside Melbourne

Highett boasts beautiful beaches, top-notch schools, golf clubs, and a thriving community. With a mere half-hour train ride to the city, Highett offers the perfect blend of tranquility and urban convenience.

[smartcode_project:default project_id=108019 project_image_fid=212656]

A Pledge to Environmental Sustainability

What sets Highett Common apart is not just its luxury but also its unwavering commitment to environmental sustainability. It's slated to be one of Victoria's rare medium-density Net Zero projects. This goes beyond cost savings; it's about caring for our planet.

The development features solar panels that generate electricity, reducing owners' corporation fees while promoting clean and sustainable energy.

Embracing Electric and Eco-Friendly Living

This project is fully electric, bidding farewell to gas. While some may still appreciate a gas cooktop, the advantages of electric induction are undeniable. It's all part of the effort to create a more sustainable and eco-friendly living environment.

[smartcode_project:default project_id=108019 project_image_fid=212653]

Cultivating a Thriving Community

Highett Common is more than just apartments and amenities; it's about fostering a sense of belonging and community.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Residents will have access to an app that connects them to community programs, events, and services. The goal is to create a vibrant and interconnected community within the development.

A Grand-Scale Endeavor

With an expansive 10-hectare site, the development is thoughtfully divided into smaller stages to ensure a harmonious balance. The first stage comprises 165 apartments spread across two six-story buildings, offering a spacious and open layout that's a far cry from the high-density developments commonly seen today.

[smartcode_project:default project_id=108019 project_image_fid=212514]

An Abundance of Amenities and Greenery

Apart from the spacious apartments, Highett Common offers a wealth of amenities, including a Wellness Centre, an outdoor swimming pool, gyms, dining rooms, and indoor swimming pools.

[smartcode_project:default project_id=108019 project_image_fid=213936]

This scale of amenities is a rarity in Bayside, making Highett Common an exceptional choice for those seeking a high-quality lifestyle.

A Promising Journey Ahead

With construction already underway across the precinct, Highett Common is poised to make a transformative impact on Highett. The development has the potential to drive capital growth in the area, elevating the suburb's status even further.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Experience the Future at Highett Common

The Highett Common display suite offers an immersive experience of what this development has in store.

Highett Common isn't just another development, it's a forward-looking project that values both luxury living and environmental sustainability. It's a testament to the fact that developers today must meet the needs of consumers by creating communities that also care for our planet.

[smartcode_project_cta:default project_id=108019]

Scott Jessop, Head of Sales and Marketing at Sunkin Property Group, unveils the remarkable "Highett Common" project. Nestled in the heart of Highett, Bayside Melbourne, this development promises to redefine luxury living while prioritising environmental sustainability and community building.

Everything a buyer needs to know about the sustainable Highett Common development by Sunkin Property

The leafy suburb of Malvern was initially part of the Parish of Prahran until 1856 before it was established as its own suburb.

Named after Malvern Hill in England, Malvern's development was&nbsp;primarily driven by the arrival of the railway in the late 1850s. This transportation link connected Malvern to Melbourne, leading to increased settlement and growth.

One of the significant developments in Malvern's history was the land boom of the 1880s. During this period, grand Victorian and Edwardian-style homes were built, many of which still stand today, showcasing the suburb's architectural heritage. Malvern's tree-lined streets and spacious properties attracted affluent residents.

The neighbouring Malvern East began to evolve as a separate entity in the early 20th century, however it too experienced a housing boom during the interwar period. That saw Californian bungalows and Art Deco homes developed.

The establishment of prestigious schools and institutions in the vicinity such as Caulfield Grammar School and Monash University continued to drive the family demographic. The most recent ABS Census data shows around 60 per cent of residents in Malvern and Malvern East have children.

Both <a href="/new-apartments/malvern-vic-3144">Malvern</a> and <a href="/new-apartments/malvern-east-vic-3145">Malvern East</a> have managed to preserve their historical character. There's not been an overwhelming amount of new developments in either suburb of the past decade or so.

There are currently three high quality developments currently on the market in Malvern and Malvern East, and we've put together a bio on each.

<h2>Maléa</h2>

<h3>Developer: Abadeen Victoria</h3>

<h3>Address:&nbsp;94 Burke Road, Malvern East VIC 3145</h3>

<h3>Price: From&nbsp;$2.6&nbsp;million</h3>

Luxury Sydney developer <a href="/developers/abadeen-group">Abadeen</a> has branched out into the high-end Melbourne apartment market, revealing their parkside apartment development <a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a>, which will replace one of the last remaining homes to be redeveloped overlooking Central Park in Malvern East

Maléa, just seven apartments facing the 19-acre Central Park, is the result of a collaboration with Ewert Leaf as the architectural team behind its stoic, enduring form, featuring textural brickwork, layered concrete planes, and sleek metalwork, and John Patrick and Associates who took control of the extensive landscaping.

[smartcode_project:default project_id=141969 project_image_fid=222407]

These luxury apartments, available in two and three-bedroom configurations, feature a beautiful Calacatta Viola in the kitchen, dining area and bathroom, teamed with richer-toned porcelain slabs.

Maléa has been thoughtfully designed with sustainability in mind, aiming to achieve a minimum 6.5-star green energy rating. This commitment to environmental responsibility is evident through features like double glazing, concrete walls and floors, limited gas usage for hot water services, rainwater harvesting, solar panels, and provisions for future electric vehicle battery storage in the basement.

[smartcode_project:default project_id=141969 project_image_fid=222390]

Abadeen Victoria is being led by former CBRE Residential Projects Director&nbsp;<a href="/news/urban-ceo-mike-bird-interviews-360-propertys-john-meagher-cbres-andrew-leoncelli-about-the-property-industrys-response-to-covid-19" target="">Andrew Leoncelli</a>, who says&nbsp;<a href="/new-apartments/malea-94-burke-road-malvern-east">Malea</a>&nbsp;is the culmination of many years of experience working in this community. He says to have secured a site directly opposite Central Park, one of the very final sites in&nbsp;<a href="/developments/malvern-east-vic-3145">Malvern East</a>, is a phenomenal opportunity.&nbsp;

"It's an amazing community hub at your doorstep and where we are opposite Central Park Road, which is one of the best in all of the Gascoigne Estate, is one of the last opportunities to secure a park fronted luxury residence, and we are very excited to be bringing this to the market."

<h2>Project: Plant Street by Milieu&nbsp;</h2>

<h3>Developer: Milieu</h3>

<h3>Address:&nbsp;1 Plant Street, Malvern</h3>

<h3>Price: From&nbsp;$1.25 million</h3>

The forward-thinking, design-led developer <a href="/developers/milieu-property">Milieu</a>&nbsp;took to Malvern for their debut south-east Melbourne project,&nbsp;which they are developing alongside partners Penfold and MaxCap.

Milieu has brought together a talented team, including architecture firm RITZ&amp;GHOUGASSIAN, interior design practice Georgina Jeffries, and renowned landscape architects Acre, to create a harmonious living environment.

[smartcode_project:default project_id=139856 project_image_fid=217344]

Comprising just 21 generously-sized apartments, the design of <a href="/new-apartments/plant-street-by-milieu-malvern-1-plant-street-malvern">Plant Street</a> revolves around the concept of connecting internal and external spaces, resulting in striking, textural architecture paired with warm, inviting interiors and integrated landscaping.

The use of natural materials such as honey timber joinery, brown ash brick, terrazzo, and natural stone creates an atmosphere of warmth and welcome throughout the apartments. Custom-made lighting by Volker Haug Studio complements the material palette, adding a touch of sophistication.

[smartcode_project:default project_id=139856 project_image_fid=217345]

The landscaping at Plant Street is dynamic, with deciduous plants and trees that evolve with the seasons. Ground floor apartments feature spacious landscaped gardens, while upper-level units boast planters and terraces adorned with lush creepers.

<h2>Malvern Collective</h2>

<h3>Developer:&nbsp;Kokoda Property</h3>

<h3>Address: 2 Station Place, Malvern</h3>

<h3>Price: From&nbsp;$555,000</h3>

Malvern Collective is the under construction masterplanned development by national developer <a href="/developers/kokoda-property">Kokoda Property</a>.&nbsp;The innovative project introduces the concept of a "0-minute neighbourhood," ensuring that residents have every essential amenity right at their doorstep.

[smartcode_project:default project_id=12457 project_image_fid=217233]

Comprising over 200 one, two, and three-bedroom apartments, including a luxurious grand penthouse and sub-penthouses, <a href="/new-apartments/malvern-collective-2-station-place-malvern">Malvern Collective</a> is perched above what will be a thriving hospitality precinct. This precinct, designed to enhance community life, includes a Woolworths Metro, six distinctive hospitality venues, and a dedicated concierge service that feels like a high-end hotel experience.

One of the project's unique features is its integration with the surrounding community. It will connect with Glenferrie Road via new laneways, providing direct access to Malvern train station, making commuting a breeze.

Designed by Jackson Clements Burrows, these apartments offer breathtaking views of Port Phillip Bay, the Dandenong Ranges, and Melbourne's CBD. With over 70 percent of units sold to owner-occupiers, it's clear that people are not only drawn to the stunning design but also the superior concierge service, accessible through a dedicated residents' app. From ordering morning coffee to making dinner reservations anywhere in Melbourne, the concierge service goes above and beyond to cater to residents' needs.

[smartcode_project:default project_id=12457 project_image_fid=217246]

Malvern Collective residents will also enjoy exclusive amenities within the project, including a co-working space, a cinema, a swimming pool, a wellness center with hot and cold plunge pools, and a private dining area – all bookable through the residents' app. The concierge will also collaborate with local businesses to offer services such as housekeeping, laundry, and even dog washing.

We've taken a look at the top three off the plan apartment developments selling in Malvern and Malvern East

How Malvern and Malvern East has preserved its historical character

Hampton's Service Street is lined with heritage buildings, each holding stories of significance and displaying artful craftsmanship.

Effortlessly blending into the street is Marlu, a rare new off the plan townhouse development in the sought-after Bayside suburb.

Drawing inspiration from the neighbouring heritage, Marlu, just seven three-bedroom townhouses, will pay homage to its surroundings while infusing a contemporary appeal.

[smartcode_project:default project_id=140140 project_image_fid=219622]

Crafted masonry work will adorn Marlu's exterior, boasting an arrangement of bricks that create a nonuniform pattern, while in a bid to capture the coastal essence of the suburb, light-toned timber will be incorporated throughout to create a contrast against the deep terracotta hues.&nbsp;

The facade is further enhanced by electro bronze steel windows that are recessed into the structure, with the expansive floor-to-ceiling windows and sliding glass doors seamlessly connecting the residences with private courtyards, allowing an abundance of natural light to flood the interior spaces.

[smartcode_project:default project_id=140140 project_image_fid=219623]

Internally Marlu will boast an open-plan light filled environment, taking inspiration from the exterior design, with rich terracotta tones that pay homage to the slated terracotta roofs of the heritage homes that line the street.&nbsp;

Contemporary colours complement the brown tones, with features such as a soft grey fluted marble feature wall and white gloss ceramic wall tiles creating unique residences within Marlu.&nbsp;

The residences will benefit from fully integrated Miele appliances, finished with brushed nickel, to further tie the internal design elements in with the exterior.&nbsp;

[smartcode_project_cta:default project_id=140140]

Drawing inspiration from the neighbouring heritage, Marlu, just seven three-bedroom townhouses, will pay homage to its surroundings while infusing a contemporary appeal

A fusion of heritage and contemporary charm: Marlu Hampton townhouses launch

Off the plan purchasers&nbsp;have moved into 225 Burke Road in Glen Iris following its recent completion.

Only a few of the 16 contemporary apartments remain for sale. The two-bedroom apartments were snapped up pre-completion, leaving just a few three-bedroom apartments for sale.

[smartcode_project:default project_id=5016 project_image_fid=225966]

A three-bedroom garden apartment with extensive landscaping is priced at $1.67 million. The three-bedroom penthouse is also still for sale. The penthouse features sweeping views of Melbourne, a kitchen with a butler’s pantry, and a home office.

Melbourne-based C. Kairouz Architects designed the building with a robust façade, which gives way to warm, inviting, and minimalist apartments designed to cater to the needs of modern living with contemporary fixtures and finishes.

[smartcode_project:default project_id=5016 project_image_fid=225961]

The kitchens feature striking natural stone benchtops, and top-of-the-line integrated Miele appliances, while the bathrooms feature rainwater showers, and the master ensuites have double vanities.

The oak floorboards add warmth, character and balance to the home, while floor-to-ceiling double-glazed windows envelop the living areas, flooding the home with abundant natural light.

[smartcode_project:default project_id=5016 project_image_fid=225965]

225 Burke Road boasts an enviable location within walking distance of High Street trams, shops, cafes, esteemed schools, Glen Iris station, and the M1 Freeway, which offers easy access to the rest of Melbourne.&nbsp;

Gardiners Creek Trail and Central Park are also nearby, making it an ideal choice for those who enjoy an active outdoor lifestyle.

Jellis Craig Projects Sales Director Stephen Bowtell is marketing the ready-to-move-in apartments.

[smartcode_project_cta:default project_id=5016]

Only a few of the 16 contemporary apartments remain for sale

Glen Iris apartment development 225 Burke Rd welcomes residents following completion

Developer Spark Projects is on track to complete the construction of Triple 1 Residences, their boutique Elsternwick apartment development of just 10 apartments.

Only three two-bedroom apartments remain in Triple 1, which has been sought-after by homeowners who have wanted convenience at their fingertips.&nbsp;

[smartcode_project:default project_id=141885 project_image_fid=225911]

The Finnis Architects-designed building on Gardenvale Road is ideally located near several cafes, wine bars, and retail, while also just 300 metres from Gardenvale Train Station, which will take residents to the Melbourne CBD in around half an hour.

On the doorstep of Triple 1 is Omar and The Marvelous Coffee Bird, while a three-minute walk down Martin Street is King Prawn Seafood &amp; Grill, Italian restaurant Fox in the Box, Escargot Bakery, and Grape and Grocer. The Brighton Bay Medical Centre and several health clinics are on the adjacent block.

[smartcode_project:default project_id=141885 project_image_fid=225916]

Martin Street leads to the Elwood Beach Bay Trail, providing walkable access to the shoreline and Elwood Park. Other nearby landscapes include Elsternwick Park and Elster Creek.

Finnis Architects created a striking façade with modern lines to make Triple 1 stand out from the streetscape. The apartments feature kitchens with Miele appliances and Franke and Phoenix Tapware.&nbsp;

[smartcode_project:default project_id=141885 project_image_fid=225912]

The open-plan dining and living areas extend to a balcony with treetop views.

Prices for the completed apartments start from $850,000.

[smartcode_project_cta:default project_id=141885]

Only three two-bedroom apartments remain in Triple 1, which has been sought-after by homeowners who have wanted convenience at their fingertips

Triple 1 Residences construction to conclude and ready for move-in this month

Melbourne unit value growth doubled month on month in September, with the growth in apartments and townhouses outstripping house value growth.

Following modest gains of 0.4 per cent in July and 0.3 per cent in August, Melbourne units grew 0.6 per cent over September, compared to the 0.3 per cent growth houses in the Victoria capital posted, according to&nbsp;CoreLogic's Monthly Hedonic Home Value Index.

Melbourne unit values are now 1.6 per cent up over the rolling quarter, and 3.3&nbsp;per cent year to date. The median value for units in Melbourne is now $612,585.

CoreLogic Research Director Tim Lawless noted that in&nbsp;the more expensive cities, Sydney and Melbourne, the broad middle of the market is now recording the highest growth rate after previously being led by the upper quartile.

“Possibly we are starting to see renewed affordability challenges deflecting more demand towards the middle of the market where barriers to entry are lower,” Lawless said.

Read more:&nbsp;<a href="/news/vic/city-beat-august-2023-buyers-start-to-emerge-in-melbournes-off-the-plan-market">City Beat August 2023: Buyers start to emerge in Melbourne's off the plan market</a>

<h2>What's happening in the Melbourne off the plan market?</h2>

Melbourne is arguably the slowest of markets to understand the value that off the plan apartments offer currently.

Everything in Melbourne points to a prolonged period of growth. The supply and demand imbalance is the largest in the country by some distance, and the most concerning part for Melbourne is that the gap is likely to widen, not narrow. Not enough apartment developments are getting launched, nor are development sites transacting. At the same time, immigration numbers are expected to be the highest in the country.

Anecdotal feedback from agents however is that the majority of buyers are not ready to commit to a purchase yet, with confidence of deliver an issue. However more buyers are starting, or restarting, their purchasing journey now there's more confidence in the RBA holding rates.

Buxton Projects Director Josh Buxton believes there's a real opportunity to make money in the off the plan apartment market at the moment.

"Over the next decade we’re going to see a large shortfall of supply, and at some stage those pressures will come in and people will realise there’s money to be made in buying off the plan property," Buxton said.

"When property prices jumped by 40 per cent in some areas during COVID, off the plan prices didn’t move which is incredible. That means you’re still buying at a price that you might have afforded back in 2020. Buyers can’t do that in the established market after such significant price jumps."

Buxton recently started construction on ADA Toorak, just 22 three-bedroom apartments designed by Paul Conrad on Malvern Road.

[smartcode_project:default project_id=92806 project_image_fid=175568]

Buxton said he couldn't believe how quickly enquiry changed when they started building.

"There was a really distinct line. It wasn’t when the site was demolished, or site prep, but as soon as the concrete was poured, then we got activity."

Construction on the striking building is slated for mid-2024. Buxton says ADA brings something different to Toorak, offering a more affordable solution to the bluechip suburb without compromising on quality.

"We wanted to provide the quality Toorak locals have come to expect from high-end homes but in an apartment. We really pushed on the landscaping too so downsizers are still surrounded in greenery without the maintenance of a large yard.

[smartcode_project:default project_id=92806 project_image_fid=175569]

OSK Property is finding buyers are saying the same about builder confidence at BLVD, their latest stage of their&nbsp;$2.8 billion Melbourne Square development in Southbank.

BLVD, which follows two completed residential towers, comprises 591 apartments and a suite of wellness facilities and sustainability features which have become the cornerstone of the masterplan.

OSK Property Sales and Marketing Director Ivy Chen said they are seeing success because of the certainty they bring to the off the plan apartment market.

"What is influencing buyers is having the&nbsp;certainty that construction will indeed go ahead. They will research the quality of past projects as evidence too."

[smartcode_project:default project_id=107714 project_image_fid=214124]

Chen says&nbsp;demand for both completed and off the plan apartments is very strong at the moment.

"There has been a big change from previous years with a noticeable switch of purchaser type from investors to owner occupiers. Now more than half are owner occupiers," Chen advised.

She says buyers are more demanding in their requirements for floor plan layouts, views, and storage space, as well as&nbsp;whether the development has any sustainability or wellness features, the latter more of a requirement since COVID.

"People are definitely more focused on their mental and physical health now," Chen noted.

[smartcode_project:default project_id=107714 project_image_fid=211867]

Lendlease have quickly secured two thirds of sales at their Regatta at Collins Wharf development, which has prices starting from $591,500 through to nearly $4.7 million.

<a href="/developers/lendlease-development">Lendlease</a>&nbsp;Head of Apartments Daniel Dugina&nbsp;said the&nbsp;significant demand demonstrates the return of confidence in the off the plan housing market.

[smartcode_project:default project_id=134684 project_image_fid=224391]

He said the development has been welcomed by first home buyers through to downsizers seeking a quality home within the desirable dual-waterfront neighbourhood with easy access to the CBD.

“Regatta at Collins Wharf is the next stage of our ongoing investment in the area, with the precinct’s location presenting an exciting opportunity for Melbourne's city centre to stretch further westwards and engage with the water, connecting its maritime past with the contemporary vibrancy of the city for residents, workers and visitors.”

Melbourne unit values are now 1.6 per cent up over the rolling quarter, and 3.3 per cent year to date

City Beat September 2023: Melbourne unit growth outstrips houses as buyers look ahead

<a href="/developers/lendlease-development">Lendlease</a> has achieved huge success at its Regatta at Collins Wharf development which they launched off market earlier this year.

They've sold over two thirds of the Collins Street building,&nbsp;uniquely located between the Yarra River and the harbour in Docklands, following the success of Collins Wharf’s flagship residential building, No. 1 Collins Wharf, which was completed in 2019.

Since its off-market launch in March this year, Regatta at Collins Wharf has attracted a legion of buyers seeking the opportunity to experience the best of city and waterfront living while being only a short walk from Melbourne’s CBD.

[smartcode_project:default project_id=134684 project_image_fid=224395]

Daniel Dugina, Head of Apartments at <a href="/developers/lendlease-development">Lendlease</a>, said the&nbsp;significant demand demonstrates the return of confidence in the off the plan housing market.

He said the development has been welcomed by first home buyers through to downsizers seeking a quality home within the desirable dual-waterfront neighbourhood with easy access to the CBD.

“Regatta at Collins Wharf is the next stage of our ongoing investment in the area, with the precinct’s location presenting an exciting opportunity for Melbourne's city centre to stretch further westwards and engage with the water, connecting its maritime past with the contemporary vibrancy of the city for residents, workers and visitors.”

The 317-residence development designed by&nbsp;architecture firm Warren and Mahoney spans 29 levels and has one, two and three-bedroom apartments and a Premier Collection of luxury residences that have up to four bedrooms.

The Premier Collection includes five two-storey Skyhomes that are located on level 27 and offer panoramic views of the water and city skyline along with open-plan living, a choice of hand-selected colour palettes, and high-quality fixtures and fittings.

[smartcode_project:default project_id=134684 project_image_fid=224394]

The Premier Collection also includes ten Harbourhomes each enjoying access to a secluded rooftop terrace via a private lift or internal staircase, while another 12 premium Riverhomes offer expansive river-frontage views that will never be built out as well as a private double garage with direct access to the residence.

Residents at Regatta at Collins Wharf will enjoy a hotel-style lobby with concierge service and access to a range of facilities within the building that promote wellness including an indoor swimming pool, spa, sauna and steam room, gym and multipurpose rooms.

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Guests can be entertained in the private dining room and resident lounge, or enjoy the lush, landscaped surrounds of the two rooftop terraces located at level 4 and level 17 with panoramic views, plus a wintergarden.

The development will target 5 Star Green Star certification, designed as&nbsp;an all-electric building with electric vehicle infrastructure.

Collins Wharf is located adjacent to <a href="/developers/lendlease-development">Lendlease’s</a> Victoria Harbour precinct that has been in development over the past two decades. Residents will have ease of access to nearby amenity including public parks and community spaces such as the Library at the Dock.

As part of delivering Regatta at Collins Wharf, new parks and open spaces for the community will be created.

Buyer interest has been buoyed by confidence in the delivery of the development. Built atop a ‘finger wharf’ between Victoria Harbour and the Yarra River, early works have already commenced. Construction is expected to start in early 2024 and anticipated for completion in 2026.

Waterfront apartment prices start from $591,500, and Premier Collection residences range from $2,372,000 to $4,689,000.

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Daniel Dugina, Head of Apartments at Lendlease, said the significant demand demonstrates the return of confidence in the off-the-plan housing market

Lendlease secure quick success at Regatta at Collins Wharf apartments in Docklands

Spyre Group have released the penthouses in their first Melbourne residential development Hampton Ltd.

Hampton Ltd comprises three standalone buildings intertwined with lush greenery. They will home 20 apartments and three townhouses when complete.

Each of the four penthouses have three bedrooms and an open plan kitchen, living and dining area opening to a balcony. The interiors feature finest natural stone, onyx, and European oak timber finishes.

Anchoring the kitchens is a sculptural island bench crafted from Vanilish Pearl Marble. The kitchens also feature integrated Gaggenau appliances and Liebherr wine storage.

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Two of the penthouses will have expansive rooftop terraces with views over Bayside.

Architecture firm MLD Studio collaborated with interiors expert Studio Brent Lee on Hampton Ltd, which is&nbsp;being marketed by Jellis Craig Bayside.

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Jellis Craig agent Melina Scriva said Hampton Ltd was attracting strong interest from long-term Bayside residents who were seeking to move from family homes without sacrificing space.

“People want to maintain their lifestyle and stay in the area,’’ Scriva said.

“They are looking for luxury, and Hampton Ltd delivers with its stunning finishes and spacious layouts.”

Hampton Ltd, on Deakin Street, sits near&nbsp;Hampton Beach, Alexander Park, Trevor Baker Oval, and Hampton Railway Station.

The project is Spyre's first outside South East Queensland, where they have set a number of records across both Brisbane and the Gold Coast.

Read more:&nbsp;<a href="/news/vic/spyre-group-unveil-first-melbourne-apartment-development-hampton-ltd">Spyre Group unveil first Melbourne apartment development, Hampton Ltd</a>

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Two of the penthouses will have expansive rooftop terraces with views over Bayside

Spyre release penthouses at Melbourne Bayside development, Hampton Ltd

Melbourne, renowned for its vibrant culture and bustling city life, has a new jewel in its crown with Far East Consortium's now complete West Side Place development.

Nestled on the corner of Spencer and Lonsdale Streets, the colossal project is Melbourne's largest residential development to date, delivering a life of luxury, convenience, and endless opportunities for its residents.

At the heart of West Side Place are four towers. Towers 1 and 2 combine thoughtful, lifestyle-focussed design with breathtaking views across the Docklands and Port Phillip Bay, while towers 3 and 4 offer spectacular views across the CBD and Flagstaff Gardens

Integrated lush garden plazas, shopping arcades and a central laneway create a dynamic&nbsp;urban environment that is teeming with life. Imagine stepping out of your apartment and finding a plethora of food and beverage options just steps away, all conveniently situated within the West Side Place precinct.

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Beyond the development itself, the area surrounding West Side Place is a treasure trove waiting to be explored. From delightful culinary experiences to boutique shopping destinations and serene green spaces, residents are truly spoiled for choice. The vibrant community events further add to the rich tapestry of city life.

Location is key, and West Side Place has it nailed. Situated within the coveted University High School-Zone, the development is just a short walk from Flagstaff Gardens, Southern Cross Station, and the Free Tram Zone. This translates to the ultimate city living experience, where everything you need is right at your doorstep.

Southern Cross Station, located just across the road, ensures that residents have easy access to transportation, making it a breeze to explore the city and beyond, and for those who appreciate fine dining, premier restaurants are scattered throughout the neighbourhood, offering diverse culinary experiences.&nbsp;

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West Side Place's location is not just about convenience – it's about a world of entertainment and cultural experiences. The Yarra River is just a short walk from any direction, while Spencer Street and King Street, running parallel to each other, are lined with an array of retailers, cafes, and restaurants, each offering a unique culinary journey. From Korean to Indian and Modern Australian cuisine, there's something to please every palate within proximity.

Sports enthusiasts will 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.

Inside West Side Place, residents can choose from a variety of apartment layouts, including one-bedroom, one-bedroom plus study, and multiple two-bedroom configurations. The apartments have been designed to maximise natural light and provide residents with views of the city and Port Phillip Bay.

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At the heart of West Side Place are four towers. Towers 1 and 2 combine thoughtful, lifestyle-focussed design with breathtaking views across the Docklands and Port Phillip Bay, while towers 3 and 4 offer spectacular views across the CBD and Flagstaff Gardens.

West Side Place: Melbourne's Premier Residential Oasis

When it comes to finding the perfect place to call home, location is everything. R. Corporation's latest development, R.Iconic in South Melbourne, is setting a new standard for urban living.

Nestled in an evolving pocket of South Melbourne, the completed Plus Architecture-designed development offers residents a unique opportunity to experience life in a "15-minute neighbourhood".

Prime Park Front Location

One of the standout features of R.Iconic is its prime park front location. Situated in a tranquil enclave between Port Melbourne and South Melbourne, the development is surrounded by low-rise residential buildings and restricted height zones, with a 10-hectare park stretching all the way to the beach.

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R.Iconic is the only building that offers protected, endless views of both the water and the city, creating a serene oasis in the midst of urban hustle and bustle.

Unmatched Accessibility

Residents of R.Iconic will enjoy unparalleled accessibility. Within walking distance of South Melbourne Market, residents can pick up your morning coffee and explore a treasure trove of fresh produce, or stroll down Clarendon Street, home to fashion and homewares boutiques that cater to every taste. And when it's time to dine, residents have a choice of the latest eateries on Bay Street.

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For those who love the beach, Port Melbourne Beach is a short walk away, making it easy to enjoy a morning run or a leisurely day in the sun. And when the evening arrives, the neighbourhood comes alive with a multitude of acclaimed bars and restaurants, ensuring there's always something to do right on your doorstep.

The Vibrant South Melbourne Lifestyle

R.Iconic embraces the vibrant South Melbourne lifestyle. It's not just about the convenience of having everything residents need within arm's reach; it's about becoming part of a thriving community where every day is an adventure.

Whether you're an art enthusiast exploring Melbourne's Arts Precinct, a foodie savouring local delicacies, or a fitness enthusiast making the most of the nearby parks and fitness facilities, R.Iconic puts it all within easy reach.

The Power of the '15-Minute' Neighbourhood

At the heart of R.Iconic's appeal is its alignment with the concept of the '15-minute neighbourhood.' R. Corporation understands the importance of living in a place where daily needs are met within a short walk or bike ride. Here, residents can step outside their front door and catch the light rail, which connects directly to Southern Cross train station. Whether you choose to walk, bike, or drive, everything you require is just a 15-minute journey away.

Surrounded by well-maintained bike paths, R.Iconic encourages residents to embrace Melbourne's active cycling culture. Whether you're commuting to work, meeting your fitness goals, or simply taking a leisurely ride to the beach, residents will find that staying connected to the entire CBD, South Melbourne, or the shoreline is effortless.

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One of the standout features of R.Iconic is its prime park front location

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