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

Joel Robinson

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

<a href="https://www.urban.com.au/developers/far-east-consortium">Far East Consortium</a>’s 640 Bourke Street stands as a testament to&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic-3000">Melbourne</a>’s ability to bridge its storied past with a bold vision for the future.&nbsp;

Rising above the heritage-listed Eliza Tinsley building, the development reflects a broader shift toward adaptive reuse in the city, where historical assets are retained and reinterpreted as part of new residential development.

Designed by <a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>, <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> incorporates the Eliza Tinsley building as its foundation, housing a grand gallery and lobby space that serve as both a functional and symbolic centrepiece. The heritage façade informs the tower’s design, creating a connection between Melbourne’s past and its contemporary skyline.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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Above this historic base, the 68-storey tower will deliver just over 600 residences, a notable reduction from earlier schemes, reflecting a deliberate move toward larger-format apartments and a stronger owner-occupier focus.

Unlike traditional CBD developments that prioritised investor stock, 640 Bourke Street has been repositioned to respond to changing buyer expectations.

"The discussion was all around making 640 Bourke Street the best residence to live in, to be much more focused on the people in the building rather than people looking at the building," Marsland explained.&nbsp;

This shift is evident in the development’s interiors, which emphasise practical luxury with spacious layouts, high ceilings, and floor-to-ceiling windows framing sweeping views of Melbourne and Port Phillip Bay.&nbsp;

“What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Lauren Sheldon, Far East Consortium’s Director of Sales and Marketing, said.&nbsp;

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Rothelowman Associate Jun Chang added, "We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."&nbsp;

Amenities spanning more than 3,000 sqm across multiple levels further reinforce this focus on resident experience. These include a pool, gym, co-working areas, and a range of hospitality-inspired spaces such as a whisky lounge, library, and private dining rooms, many drawing reference from traditional bathhouses and Melbourne’s laneway culture.

"We wanted to make both the pool and the gym area to be absolutely destinational, and when you traverse across to these spaces, there is a gentle familiarity to the beautiful notions of the hammams and the Roman baths, a gentle nod to history," Chang noted.

At street level, the project contributes to the ongoing transformation of the western CBD, with upgrades to Langs Lane and the introduction of retail, hospitality, and gallery spaces designed to activate the precinct and strengthen its connection to the surrounding city fabric.

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The location places residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market, and the Docklands waterfront, positioning the development within a rapidly evolving inner-city neighbourhood.

"We believe it's the best site left in the city of Melbourne," Craig Williams, Executive Director at Far East Consortium, said.&nbsp;

640 Bourke Street is Far East Consortium’s 14th building in Melbourne’s western CBD.

"A very elegant designed building. It's going to be a Melbourne statement for many, many years to come."

One-bedroom apartments are priced from around $640,000, with 640 Bourke Street targeting completion in 2029.

Renders shown are Artist's Impressions correct as of May 2026.

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Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

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

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

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

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

ALTA Property to deliver $200 million Queens Road apartment tower

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Developer builder Platinum is on track to deliver Wanda Terraces, a boutique collection of oversized apartments in Caulfield North, by 2025.

Designed with owner-occupiers in mind, architecture practice Ewert Leaf ensured the inclusion of high-end finishes and a modern range of amenities that cater to residents' daily needs, convenience, and security.

This low-rise development is poised to become a sought-after destination for families and young professionals who enjoy a lifestyle of luxury and the conveniences of inner-city living in a safe, quiet suburb.

[smartcode_project:default project_id=112388 project_image_fid=208651]

Located in the quiet and safe inner suburb of Melbourne, Caulfield North, future residents will be just eight kilometres southeast of the CBD. With the tram at their doorstep and Malvern Station nearby, it takes around half an hour to commute to the CBD or explore the neighbouring suburbs. The area is known for its safety, tranquillity, and proximity to everything—good food, other great suburbs, excellent parks, and schools.

There are many great cafes, bakeries and ethnic restaurants, particularly around the Hawthorn Road, Balaclava Road junction, around 600 metres from Wanda Terraces. For more amenities, the Caulfield Village Shopping Centre is just two kilometres away, featuring grocery stores, pharmacies, hairdressers, barbers, and restaurants.

[smartcode_project:default project_id=112388 project_image_fid=208652]

Caulfield Park, a picturesque green oasis, is just a short walk from Wanda Terraces. It provides a natural extension as the residents' backyard, offering a serene escape from the urban bustle and a perfect backdrop for picnics, morning jogs, or strolls.

Caulfield Racecourse is also open to the public, providing ample space for dog owners to let their pets run inside the huge racetrack.

[smartcode_project:default project_id=112388 project_image_fid=208649]

St Kilda and Elwood Beach are only a 15-minute drive away, making it convenient for a change of scenery and perfect for sunny weekends or evening walks along the coastline.

Families with children will appreciate the presence of quality schools without having to venture far from home. Excellent public and private schools nearby include Caulfield Junior College, St Aloysius' School, Oakwood School, and De La Salle College. Monash University is within 1.5 kilometres.

[smartcode_project_cta:default project_id=112388]

This low-rise development is poised to become a sought-after destination for families and young professionals who enjoy a lifestyle of luxury and the conveniences of inner-city living in a safe, quiet suburb

Wanda Terraces: Inner-city living surrounding by Caulfield North's greenery

R&amp;F Property are offering $170,000 savings on apartments in their recently completed Box Hill apartment development, Prospect.

There are also extra settlement rebates on offer, as well as a 10 per cent deposit offer.

The Prospect Street tower has been designed by Hayball to feel more like a hotel with its extensive amenities than an apartment development. The project features a swimming pool, gym, lounge, and outdoor barbecue area.

[smartcode_project:default project_id=3516 project_image_fid=208290]

The apartment designs place a focus on functionality.&nbsp;The interiors have been thoughtfully designed to maximise on comfort and utility, with spacious living areas provide room to relax and entertain, while generous storage options ensure the living spaces remain clutter-free.

The kitchens are equipped with top-of-the-line SMEG built-in appliances, featuring a rangehood, four-burner cooktop, dishwasher, and microwave.&nbsp;

[smartcode_project:default project_id=3516 project_image_fid=208280]

Box Hill is emerging as a key transportation hub, and Prospect is perfectly positioned to benefit. With convenient access to public transportation, including trains and buses, residents can easily commute to the city and surrounding suburbs.&nbsp;

Prospect is also&nbsp;ideally situated within a dual school zone, with access to Box Hill High School and Mount Albert Primary School.&nbsp;

One, two and three-bedroom apartments are still available in the project, with prices from&nbsp;$470,450.

[smartcode_project_cta:default project_id=3516]

The Prospect Street tower has been designed by Hayball to feel more like a hotel with its extensive amenities than an apartment development

R&F offer $170k discount at Prospect Box Hill apartments

Developer LDS Property boasts one of the only projects under construction in Melbourne which is backed by one of the Big Four banks.

Their Glen Iris apartment development, GALERIE, is being financed by Westpac and is currently under construction by award-winning builder company Iurada.

[smartcode_project:default project_id=112375 project_image_fid=213649]

Projects by Buxton Director Heath Thompson,&nbsp;who is marketing the project of just 29 apartments, says the financier, and the construction clarity, are two of the biggest drivers in consumer confidence.

"We're in a fortunate position compared to other projects in market where we have one of the biggest financial backers in the country, and construction is well underway," Thompson said.

"A Big Four backing means they see LDS as low risk. They've assessed the finances around the developer and they're comfortable in financing the project. Big banks don't take risks in the current climate, which says a lot about LDS and what they're developing."

[smartcode_project:default project_id=112375 project_image_fid=213651]

The ground floor slab has been poured, and a new slab will be completed every few weeks. The team are hoping to be topped out by Christmas.

GALERIE&nbsp;secured over 40 per cent of sales before it kicked off its build. It had early success in the market from local downsizers and empty nesters who wanted to stay in the&nbsp;<a href="/buildings/accolade-1532-1536-high-street-glen-iris">Glen Iris</a>&nbsp;postcode, but hadn't found the right downsizer product.

[smartcode_project:default project_id=112375 project_image_fid=213653]

Another sign of confidence in a project is when the most expensive apartments sell. Earlier this year a buyer opted to amalgamate two of the top floor apartments to create one large apartment, spending just over $4 million and setting new suburb record.

One of the other top floor apartments was also bought by a close friend of the developer.

There's only one three-bedroom apartment remaining in the project. The two-bedrooms start from under $900,000.

Construction completion is slated for Q4 2024.

[smartcode_project_cta:default project_id=112375]

Projects by Buxton Director Heath Thompson, who is marketing the project of just 29 apartments, says the financier, and the construction clarity, are two of the biggest drivers in consumer confidence

Big Four-backed, under construction: How LDS Property have de-risked GALERIE apartments in Glen Iris

Regarded boutique Melbourne residential developer Gestalt is producing one of the most visually striking projects in Kew East.

Gestalt Director Kyle Reeve called on MA Architects to put together the plans for Clyde Street, a mix of high-end townhouses and apartments, having worked with MAA on previous projects.

MAA Principal Karen Alcock and associate Rachel McNally led the design direction of Clyde Street.

"We decided to work with MAA on this project because we've worked with Karen and Rachel before, and the results we've achieved have been outstanding," Reeve said.

"They really understand spaces. They understand great design. They understand beautiful, enduring materials."

[smartcode_project:default project_id=139984 project_image_fid=212839]

Reeve said from the outset the team set out to create townhouses with house-like proportions, a commitment to spaciousness that sets Clyde St apart.

"When we first discussed the site with MAA, part of the brief was to design townhouses that were house-like proportions," Reeve said.

"We wanted to have two separate living areas, at least three bedrooms, two bathrooms, a separate laundry, and enough private open space via a courtyard or a balcony."

[smartcode_project:default project_id=139984 project_image_fid=212831]

MAA crafted each townhouse to harmonise with the tree-lined streetscape, ensuring they seamlessly blend into their surroundings. Their designs boast individual entrances, brickwork facades, sturdy materials, and abundant landscaping. It's a testament to their unwavering dedication to creating living spaces that truly feel like home.

Jellis Craig Projects Director Stephen Bowtell says the architecture has really grabbed the market.

"MAA have been clever in creating a striking brick facade which pays respect to the beautiful heritage homes in Kew East, while adding a contemporary touch" Bowtell says.

"Clyde Street sits in a suburb where there's brick homes which have stood for 100 years, and Clyde Street will do the same. It will age in place."

[smartcode_project:default project_id=139984 project_image_fid=212833]

Bowtell says the townhomes offer everything a buyer could want, with a really flexible floor plan for both families and downsizers to use as they wish.

"It ticks all the boxes. The convenience of dual living, a study, multiple living areas. Clyde Street offers it all."

The project will likely attract the family buyer, given Kew is home to some of the country's best schools.

[smartcode_project_cta:default project_id=139984]

"The architecture has grabbed the market": How MA Architects designed Kew's Clyde Street development

Welcome back to another apartment tour!

We've recently dived into the heart of Southbank, Melbourne, to discover Salvo's recently completed apartment development, Stature.

Stature, at 119 Clarendon Street, offers a near-perfect walk score for its residents. A mere three-minute stroll will lead you to the vibrant South Melbourne Markets and South Wharf, where a world of culinary delights and shopping adventures await. Cross the river, and you'll find the entire city at your fingertips, thanks to the free tram service that grants you access to Melbourne's treasures. With direct on-ramp access, the freedom to explore greater Melbourne is unlimited.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/HRtFuyNJk9w?si=36DuwtRZL76_Pmlg" title="YouTube video player" width="560"></iframe>

[smartcode_project_cta:default project_id=24683]

We looked around one of the&nbsp;larger of the two three-bedroom configurations available, stretching over a generous 150 sqm.

This property offers a competitive price point for the area, coupled with a timeless interior fit-out that exudes understated luxury. One can't help but admire the exposed concrete ceilings, complemented by gunmetal track lighting, and the warming touch of matte timber flooring.

The generously-sized kitchen features a full suite of top-quality integrated appliances and a convenient island bench. Natural light bathes the space, a privilege of living at this elevation. The bay views, another remarkable feature, are here to stay, as planning restrictions in this area limit neighboring buildings to a maximum of nine levels, ensuring the longevity of your breathtaking vistas.

[smartcode_project:default project_id=24683 project_image_fid=218538]

The bathrooms are elegantly minimalist, showcasing frameless shower glass, full-height vanity storage, concealed cisterns, and large-format tiling. In the bedrooms, plush carpeting, operable windows for ventilation, and floor-to-ceiling drapes create a serene and inviting atmosphere.

What truly sets Stature apart are its amenities. It's a rare find to have 1000 sqm of communal spaces for just 170 apartments, but Stature defies convention. The opulent common areas are divided across two levels. On Level 12, you'll discover a swimming pool, a state-of-the-art gym, an expansive outdoor area, and a resident's lounge - all perfect for relaxation and socializing.

[smartcode_project:default project_id=24683 project_image_fid=78635]

On Level 34, two open-air but sheltered terraces await, alongside two additional entertaining spaces and even a dedicated podcasting room for those seeking a creative escape.

For the past two decades, Salvo Property Group has been a key player in the Southbank precinct, delivering over 3000 apartments with a combined value exceeding $1.5 billion. Their commitment to creating landmark projects has earned them a stellar reputation as a trusted developer in the industry.

[smartcode_project_cta:default project_id=24683]

Stature, at 119 Clarendon Street, offers a near-perfect walk score for its residents

Inside Salvo's newly completed Southbank apartment development, Stature: Urban Video Tour

Ryrie Home is the most development from developer Franzé Developments.

The mixed-use development, which saw off the plan buyers move in earlier this year, delivered Geelong’s first major hotel and apartment project in two decades.

The Ryrie Home development was a hit throughout its off the plan marketing. Now there's just a handful of apartments left, which are selling for considerably more than what buyers paid a few years ago given Geelong's significant growth.

We've wrapped up the top five reasons why buyers have swooped on Ryrie Home.

<h2>1. Created by the proven&nbsp;Franzé Developments</h2>

Franzé Developments has proven track record in developing, managing and delivering projects across every segment of the property market with residential projects like Nero, The Alexandra and Brunswick establishing prestige in this field.

[smartcode_project:default project_id=5559 project_image_fid=219671]

Demonstrating their strength and commitment they recently purchased a prestigious Chapel Street site valued at $55 million with plans for a mixed-use development in the works.

<h2>2. Designed by Award Winning Australian firm Architectus</h2>

Architectus&nbsp;are a top-tier Australian architecture and design studio specialising in commercial, education, interiors, public, residential, transport, urban design and planning.

They take an insightful and human-centric design approach&nbsp;combined with a collaborative ethos to create unique places that are exemplars of elegance, function and sustainability.

Architectus create projects that are sensitive to a changing climate, responsive to technological developments, and built to contribute to healthy and happy communities for generations to come as can be seen in Ryrie Home.

[smartcode_project:default project_id=5559 project_image_fid=219677]

When we asked about where they drew inspiration for Ryrie Home, Principal Architect Oliver Mayger told us, "Geelong is a city with a rich heritage of prominent buildings that mark the corner of intersections and are recognisable meeting points. These buildings define the structure of the central city grid and are typically characterised with increased height, a chamfered corner to the building mass and a canopy at street level."

"The repurposing of this site is another example of Geelong’s transition from a primarily agricultural and manufacturing base to a centre for services and innovation. The site’s vision is to embrace and support this new direction whilst celebrating what Geelong was built on."

<h2>3. Prime Location in the heart of Geelong</h2>

Geelong is well-known and much loved for its big city feel, without the congestion. Affectionately called G-Town, everything is within easy reach, so you can spend more time doing the things you love, be it sports, shopping, or exploring the cafés and diverse eateries.

Situated at 44&nbsp;Ryrie Street,&nbsp;Ryrie&nbsp;Home holds a prime position in the center of Geelong a short walk from the acclaimed Geelong Gallery.

Placed on a main thoroughfare the development is 5 minute walk from shopping centres,&nbsp;boutiques and a number of dining establishment.

[smartcode_project:default project_id=5559 project_image_fid=195130]

Slightly beyond those is a Cinema and the MoPa Museum. And further afield&nbsp;are acclaimed dining institutions like&nbsp;Restaurant IGNI and the&nbsp;Empire Grill

Try taking the bike for a ride along the Geelong waterfront and experience the beaches and Royal Geelong Yacht Club, or enjoy an evening out by the water at bars like the Sailors Rest or Edge Geelong.

<h2>4. Enjoy the view and walking appeal</h2>

The project features exposed concrete ceilings and floor-to-ceiling windows, merging a minimalist aesthetic with a sense of modern luxury in the bayside location.

[smartcode_project:default project_id=5559 project_image_fid=219677]

Every&nbsp;home in the development features&nbsp;a private balcony where you can enjoy the panoramic bay views and alfresco dining year-round.

Ryrie Home features a&nbsp;new public connection through the&nbsp;site from&nbsp;Ryrie Street&nbsp;to Cuzens Place, driving a&nbsp;built form response and allowing Architectus&nbsp;to activate these resulting laneways and edges with commercial retail and F&amp;B spaces as well as the hotel and residential lobbies. &nbsp;

<a href="/buildings/ryrie-home-geelong-44-ryrie-street-geelong"><img alt="" data-entity-type="" data-entity-uuid="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/geelong_5.png" /></a>

<h2>5. The Design Details, Façade&nbsp;and Material Choices</h2>

The material choices and façade articulation are a nod to the strength and robustness that define Geelong’s character and its legacy of craftsmanship and quality.&nbsp;An authoritative and restrained grid is articulated on every façade in various but consistent compositional forms.

Ryrie&nbsp;Home has drawn upon the history of Geelong and its architectural vernacular. The robust materiality and strong compositional order of the brick woolstore are defining markers of the city character and are considered through our podium scale and design. &nbsp;

[smartcode_project_cta:default project_id=5559]

Designed by Architectus, Ryrie Home will deliver a landmark Holiday Inn tower, 16 luxury apartments at Ryrie Residences, and a separate 11-storey tower, Ryrie Home

Alison Warters 1

Five reasons why buyers are snapping up the completed Geelong apartments, Ryrie Home

You've heard it before - location location location.

We recently had a tour through Mirvac's latest apartment project, Prince &amp; Parade, a beautiful multi-residential development that not only faces Princes Park, but it's situated fronting Brunswick's infamous Sydney Road and on the number 19 tram line which runs to the CBD every six minutes.

&lt;iframe width="560" height="315" src="https://www.youtube.com/embed/ZAKKB-YWF4c?si=x-lQx9L56xMEU-Rq" 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=4802]

Architecturally designed by Bates Smart in collaboration with Mirvac Design, with landscaping by Jack Merlo, Prince &amp; Parade offers an elevated collection of residences from a team of industry-leading local design practices.

[smartcode_project:default project_id=4802 project_image_fid=217137]

This display suite is stunning.

First up, we have the kitchen in the Celestial palette, which features warm hues of muted ochre and burnt sienna. With over 50 years of experience, Mirvac know you want to see more than one design scheme in real life. I love the unique curved natural stone and the shaker cabinetry, which is paired with these striking custom handles.

[smartcode_project:default project_id=4802 project_image_fid=217110]

This kitchen is in the Sanctuary palette, with pale eucalypt and paperbark tones, taking cues from Australia's bush landscape. Moving along, we've got a generous dining area that can comfortably seat up to 8 people, which flows perfectly to the lounge for post-dinner relaxation and socialising.

The display suite also has one full-sized bedroom, and a pretty impressive walk-in wardrobe featuring custom timber joinery and full-height mirrors. While in the ensuite, the green stone really pops, giving the space a lovely sense of playfulness and style. The fully electric building, is set to achieve an average 7-star NatHERS rating, with solar panels on the roof which will assist to power the common areas, which will in time reduce owners corp fees for residents.

[smartcode_project:default project_id=4802 project_image_fid=217119]

When you feel like entertaining guests, you'll have access to a bookable dining room equipped with a fireplace, kitchen and dinnerware. And for the ultimate relaxation, you can head to the tranquil resident's lounge or the rooftop terrace, which boasts city skyline views, meandering pathways and verdant greenery.

You’ll also have access to a light filled wellness studio for you yoga sessions, and a library to indulge in a good novel. And for your morning coffee or weekend brunch, there will also be a brand-new cafe on the ground floor. With just 166 residences available, you'll want to move quickly to secure you're residence here at Prince &amp; Parade.

Submit an enquiry via Urban today, and download the app to track project updates.

[smartcode_project:default project_id=4802 project_image_fid=217120]

[smartcode_project_cta:default project_id=4802]

Architecturally designed by Bates Smart in collaboration with Mirvac Design, with landscaping by Jack Merlo, Prince & Parade offers an elevated collection of residences from a team of industry-leading local design practices

Olivia Round

Display Suite Tour Video: Prince & Parade by Mirvac 701 Park Street, Brunswick

Bespoke residential development and construction company Nuterico has taken to the flourishing locale of Doncaster for their latest residential development, Parc.

The boutique development of just six four-bedroom townhouses has been designed with a focus on sustainability,&nbsp;incorporating solar panels and rainwater tanks which contribute to its minimum 6-star energy rating.

Nestled amidst Doncaster's leafy streetscape, each of the six residences boasts panoramic views that stretch across sprawling parklands, ensuring residents remain closely connected to natural surroundings.

The proximity to Wilsons Road Reserve, scenic trails, world-class amenities, and efficient transport options to iconic precincts only adds to the allure of the development.

[smartcode_project:default project_id=139760 project_image_fid=212855]

The collection of just six residences were designed by Sydney-based architecture studio Mostaghim, blending urban sophistication with suburban tranquility.

The four-bedroom townhouses are set across two levels, each featuring three bathrooms and two car spaces, as well as private lifts and rooftop terraces.

Jellis Craig Projects are marketing Parc. Director Stephen Bowtell says Parc is one of the most striking architectural townhouse developments to become available in Doncaster.

"Doncaster hasn't really seen a townhouse development to this architectural scale before," Bowtell says.

"Mostaghim Architects have brought their expertise from Sydney and applied it in Melbourne to create a rare opportunity for just six buyers."

[smartcode_project:default project_id=139760 project_image_fid=212859]

From an architectural standpoint, Parc is a modern interpretation of classical elegance, with its bold linear form and layered materiality making a striking contribution to Doncaster's residential fabric.

Inside, Parc's interiors reflect an unwavering commitment to both flexibility and livability. The spaces are designed to create sanctuaries of calm and ease within each residence.

Natural stone, travertine, and oak timber laminate are integrated throughout, while floor-to-ceiling windows invite an abundance of natural light into each. The living rooms open up to a stylish champagne bar, with the open plan living spaces extending onto landscaped courtyards, fostering an indoor-outdoor flow.&nbsp;

[smartcode_project:default project_id=139760 project_image_fid=212852]

The kitchens within Parc are generously proportioned, with elegant island benches complimented by&nbsp;integrated storage, a butler's pantry, and top-of-the-line built-in appliances.

Landscaping by the renowned John Patrick Landscape Architects has been seamlessly integrated within the project, with lush greenery intertwined with the architectural form, further connecting the residences to the surrounding environment.&nbsp;

[smartcode_project_cta:default project_id=139760]

Nestled amidst Doncaster's leafy streetscape, each of the six residences boasts panoramic views that stretch across sprawling parklands, ensuring residents remain closely connected to natural surroundings

Nuterico launch Parc townhouses in Melbourne's Doncaster

Melbourne developer&nbsp;R&amp;F Property Australia set out to merge Footscray's rich industrial history with a refined and sophisticated contemporary edge at their redevelopment of the old Kinnears Ropeworks site on Ballarat Road.

They're on track to complete one of the more boutique residential buildings on the historic site, Millhouse Residences, next year.

Architecture firm Hayball has designed the 95-apartment Millhouse Residences to be a visually striking and tactile building, inviting residents to interact with its materials and establish a deep connection with the site.&nbsp;

[smartcode_project:default project_id=113175 project_image_fid=218902]

The development offers a diverse range of living arrangements,&nbsp;each with their own distinctive character, style, and configuration. There's configurations from one-bedroom apartments to three-bedroom terraces.

One of the standout features of Millhouse Residence is its rooftop garden and co-working areas, providing residents with spaces to relax and collaborate.

[smartcode_project:default project_id=113175 project_image_fid=218907]

The Kinnears Ropeworks, once a bustling industrial complex, played an integral role in the lives of local families for four generations. The historical site, now under redevelopment, holds a special place in the hearts of Footscray's residents.

At its core, Kinnears Ropeworks stands as a symbol of early twentieth-century construction, characterised by exposed red brick walls and visible steel girders.Its industrial charm is a testament to the craftsmanship of a bygone era.&nbsp; Millhouse Residence aims to preserve and enhance these unique features to create a one-of-a-kind urban precinct.

R&amp;F are already well advanced in developing the precinct into a community of&nbsp;laneways lined with retail spaces, eateries, and tranquil garden nooks. In 2019 they completed Live City, a 208-apartment tower, on the site.

[smartcode_project_cta:default project_id=113175]

Architecture firm Hayball has designed the 95-apartment Millhouse Residences to be a visually striking and tactile building

Millhouse Residences: Blending history and contemporary in Footscray

Property advisory firm Charter Keck Cramer believes the price gap between house and units in Melbourne to narrow once again having blown out over COVID.

In&nbsp;their&nbsp;State of the Market Report H1 2023, Charter Keck Cramer said Melbourne is not experiencing normal housing market conditions.

"This means that there will continue to be extraordinary price and rent changes with more unique levels of risk and opportunity compared to historical patterns," CKC advised.

<a data-entity-type="file" data-entity-uuid="1d44b9fd-6977-4be7-96a0-20d0e4921d78" href="/developments/vic"><img alt="Melbourne" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Melbourne.jpg?VersionId=MR4MEYtfqT5qTtNSJSzODE7R7Q5BnHiX" /></a>

They noted that pre-COVID, the long-term price gap between houses and units was 34 per cent, however the median house price in June 2023 was $919,000 for houses compared to $601,000 for units. That's a gap of 53 per cent, which CKC said was "extremely large."

They believe, given&nbsp;rate rises and diminished purchasing capacity for buyers, that additional buyer demand will be driven into the unit market which stands to support price growth and overall apartment price recalibration in new apartments in many locations in Melbourne.

They also expect rental price growth to be around for some time yet, which will attract investors.

"Given the current supply vs demand imbalance, it is reasonable to expect elevated rental growth in the rental market over the next three to four years," the report noted.

"Vacancy rates are anticipated to remain very low given the shortage of supply of dwellings which are struggling to be mobilised combined with the substantial increase in demand for dwellings. Renters are once again having to make lifestyle choices about the types of dwellings (houses, townhouse or apartments) they occupy. They are also starting to group up (to share the rent) which was a pre-pandemic trend which is anticipated to continue in the absence of the delivery of new rental stock."

Vacancy rates across all housing markets in Melbourne are less than three per cent.

Addressing the well documented supply vs demand imbalance, CKC's analysis showed only 4,400 apartments were launched to the market in FY23, which represented the lowest number of launches recorded over the past decade and -82 per cent below the peak levels in FY16. Constructed start on 4,600 apartments in FY23, which was also the lowest number of apartment commencements in the past decade.

<img alt="Melbourne BTS" data-entity-type="file" data-entity-uuid="1a64c7f3-662e-40e4-ab06-c0ffcd12b1aa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-11%20at%202.57.04%20pm.png?VersionId=cgmtdp_ruOFoyKBiKlPQg.Tmkz8GqYDJ" />

Completions in Melbourne Metro were also below trends for a second consecutive year.

"As the market continues to suffer from the lagged impact of COVID, less than 10,000 apartments have been delivered, a decline of -40 per cent compared to the pre-pandemic years."

There are just 10,000 apartments currently under construction and due for completion in FY24 to FY26.&nbsp;CKC believe&nbsp;Melbourne needs&nbsp;to build between 15,000 to 18,000 BTS and BTR apartments every year to accommodate the growing population. They also however believe the government is "substantially underestimating population growth."

"This misalignment between supply and demand is anticipated to remain an ongoing issue, and depending on the responses by Government, could potentially be exacerbated over the balance of the decade."

There's a further 9,200 apartments currently being marketed on top of the 10,000 under construction, but CKC suspect a significant proportion of these projects are likely to be delayed given elevated construction costs and a challenging pre-sale environment.

"We continue to expect Melbourne’s apartment market to remain severely under-supplied as high levels of net overseas migration (NOM) absorb new stock that is able to be mobilised."

<img alt="Melbourne" data-entity-type="file" data-entity-uuid="eb806638-7034-47ad-abaf-94233ce9382f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-11%20at%203.04.50%20pm.png?VersionId=uALCo1gcDLN4KOu07PfhNQE7SYTiqrQC" />

CKC believe there are opportunities for developers&nbsp;those developers that are able to proceed with construction at present.

"It is very clear that the buyer and renter markets are seeking new stock but also certainty with respect to both costs and timing. These developers will be delivering completed stock into a market with a shortage of new BTS and BTR apartment supply over the next 2 years and will have the opportunity to be rewarded when providing desirable stock."

CKC are looking ahead to what is anticipated to be some major planning system announcements this month through the State Government’s Housing Statement.

"In summary, it is very reasonable for industry to expect that over the next two years, weekly rents will continue to increase at above average levels of growth and prices of new BTS apartments will recalibrate upwards across most markets. Once the market finds a new equilibrium we anticipate that both rent and price changes will revert to longer-term trends."

In their State of the Market Report H1 2023, Charter Keck Cramer said Melbourne is not experiencing normal housing market conditions

Latest Victoria Property News

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

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Latest Victoria Property News

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

Editor's Picks

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Developments

New apartments

New townhouses

News