<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.

[smartcode_project:default project_id=509 project_image_fid=365684]

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.

[smartcode_project:default project_id=509 project_image_fid=365689]

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.

[smartcode_project_cta:default project_id=509]

Joel Robinson

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.”

[smartcode_project:default project_id=146358 project_image_fid=323057]

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.”

[smartcode_project:default project_id=146358 project_image_fid=323055]

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.

[smartcode_project:default project_id=146358 project_image_fid=323052]

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;

[smartcode_project:default project_id=110588 project_image_fid=5347]

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.

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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

Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

[smartcode_project:default project_id=150128 project_image_fid=366285]

The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

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Construction to commence at luxury Glen Iris townhome project, Orchard Mews

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?

Melbourne developer Dahua Group completed their striking Hawthorn Park development, with Melbourne's first ever suspended sky pool, in 2021.

They put together a great project team, architecture firm Rothelowman, landscaper Jack Merlo, and builder Hickory, for the Hawthorn East project, which was inspired by&nbsp;Machu Picchu, a UNESCO World Heritage site nestled high in the Peruvian Andes.

Rothelowman aimed to capture the essence of the ancient Incan ruins' harmonious integration with nature, and they successfully translated this vision into the vibrant design of Hawthorn Park.

Situated on an expansive 1.2-hectare site, Hawthorn Park boasts lush green spaces, curated gardens, and a central courtyard reminiscent of Machu Picchu's terraced landscapes.

[smartcode_project:default project_id=3730 project_image_fid=195894]

The use of natural materials, such as stone and timber, further enhances the development's organic aesthetic, seamlessly blending with the surrounding environment.

Step inside the thoughtfully crafted homes, and residents are greeted by open-plan living areas flooded with natural light. Expansive floor-to-ceiling windows not only provide views of the surrounding greenery but also create a seamless connection between the indoors and outdoors.

The residences at Hawthorn Park boast premium finishes and fixtures, showcasing the utmost attention to detail. Designer kitchens, complete with top-of-the-line appliances, and luxurious bathrooms featuring stone accents, add a touch of sophistication to every living space.

Hawthorn Park offers an array of world-class amenities designed to enrich the lifestyles of its residents.

[smartcode_project:default project_id=3730 project_image_fid=195902]

The centrepiece of the development is a glass-bottomed swimming pool that spans between buildings and over the plaza, creating a spectacular front door to the project while also serving as the location for the comprehensive resident amenity floor.

Rothelowman Senior Associate Frances Hall said it was the feature of the development they were most looking forward to seeing.

For those who appreciate the finer things in life, Hawthorn Park features an exclusive residents' lounge, perfect for hosting social gatherings or simply unwinding after a long day. Additionally, beautifully landscaped gardens and barbecue facilities provide ample opportunities for outdoor recreation and entertainment.

[smartcode_project:default project_id=3730 project_image_fid=215618]

Within close proximity, residents can explore the vibrant retail and dining precincts of Camberwell, Glenferrie Road, and Hawthorn, offering an abundance of options for shopping, entertainment, and culinary delights.

Transportation is a breeze, with Hawthorn Park conveniently located near several tram and train stations, providing seamless connectivity to Melbourne's CBD and surrounding areas, while the prestigious schools and universities in the vicinity make it an ideal location for families seeking educational excellence.

One, two and three-bedroom apartments are remaining in the development, with prices for a one-bedroom apartment starting from $666,000.

[smartcode_project_cta:default project_id=3730]

Dahua pulled together a great project team, architecture firm Rothelowman, landscaper Jack Merlo, and builder Hickory, for the Hawthorn East project, which was inspired by Machu Picchu



Buyer Handbook: Dahua Group's Hawthorn Park in Hawthorn East

Late last year MONNO Projects launched its once-in-a-generation development, Stella Maris, on the outskirts of the Geelong.

Stella Maris, set on a prime three-acre waterfront block in Rippleside which had been owned by the Sisters of Mercy and the MacKillop Family Services for over a century, has provided a new form of living in the growing area.

Recognising the rarity of the project and the quality of the development team, the distinctive project is already 50 per cent sold, which MONNO Senior Development Manager CJ Koay says is an incredible achievement in the current market.

Urbis calculated in their Q1 2023 report that only five per cent of available stock on the market in Melbourne sold in the first quarter of 2023, the lowest sale to available stock percentage across the country. Comparably Sydney saw nine per cent of its available stock sell, and the Gold Coast and Brisbane closer to 20 per cent.

Koay attributes Stella Maris' success to the project's uniqueness.

[smartcode_project:default project_id=136222 project_image_fid=213722]

"It's an unrepeatable project in an unrepeatable location," Koay says, adding that they could have made the project denser, but to create a luxury product such as Stella Maris, part of that is the landscaped surroundings and generous space within the grounds.

The project comprises 52 apartments and three townhouses across four striking buildings designed by Rothelowman. At the heart of the development is St Helens Estate, an 1848 stately mansion with a contemporary rear addition on a 3,000 sqm subdivided allotment designed by Carr, complemented by landscape design from Acre. The once-in-a-generation residence is slated for a very exclusive release Q4 2023

"We've brought our expertise in curating and delivering quality development to Geelong, and matched that smarts and attention to detail with a location which will be incredibly difficult to replicate, and that's resonated with buyers," Koay added.

The majority of buyers at Stella Maris, particularly those securing the higher-priced stock, have come from the local area, something which Koay said the team had anticipated when they were putting the plans together.

[smartcode_project:default project_id=136222 project_image_fid=213712]

"The majority of buyers have been the mature downsizers from Geelong and the Bellarine Region, as well as those on acreage who have lived and worked further away from a city hub. Now they want to be closer to the action, while also having the added bonus of being on the water."

Monno's big sales milestone will soon be followed by commencement of demolition and early works in the coming weeks, which Koay says will no doubt see the remaining stock in the development sell out well before it’s forecasted mid-2025 completion date.

"Stella Maris has managed to buck the trend of the current market in reaching these milestones, a testament to the quality of our offering which is a confidence booster for our customers and prospective buyers,” Koay says.

[smartcode_project:default project_id=136222 project_image_fid=213716]

Geelong is quickly establishing itself as Melbourne's second CBD, and with newly gazetted planning controls which facilitates development activities, the forecast population growth is expected to see nearly 400,000 residents call the Geelong region home in the next two decades, a 40 per cent increase from the current population.

Traditionally the Mornington Peninsula has been the weekender playground for Melburnians, but Koay says Geelong and the surrounding areas are now offering a different prospect for those looking for something near the water.

"Geelong offers a an exciting proposition, where downsizers and seachangers can have the best of both worlds, living near a growing city without the density compared to Melbourne, whilst also being on the water and at the gateway to Great Ocean Road and the surf coast regions."

[smartcode_project_cta:default project_id=136222]

Stella Maris, set on a prime three acre waterfront block in Rippleside, has provided a new form of living in the growing area.

Monno sell 50 per cent of Geelong's Stella Maris

South Yarra, Melbourne's prestigious neighbourhood, is soon to welcome a new architectural gem, South Yarra House.

Developed by Wattletree in a joint venture with Dorman Capital, the project aims to seamlessly blend heritage elements with contemporary design.

In a collaborative effort between SJB and Hecker Guthrie South Yarra House will deliver a mix of two, three and four-bedroom apartments, with SJB saying the project is a return to South Yarra grandeur and refinement.&nbsp;

"South Yarra House takes subtle cues from its surrounds, and the heritage buildings dotted throughout, and blends it with a modernist sensibility to create an outcome of clarity, elegance and distinction," SJB said.

[smartcode_project:default project_id=112970 project_image_fid=214724]

The project has just 58 apartments, a stark comparison to other high-rise towers in South Yarra. Other towers of the same height tend to home over 150 units.

Every aspect of South Yarra House pays homage to the past while embracing the present.

From the ground floor to the rooftop, the building tells a story of solitude and vibrancy. Sculptural interventions and framing views of Melbourne are coupled with craftsmanship and attention to detail, with the vision of South Yarra House one of prestige and permanence.

[smartcode_project:default project_id=112970 project_image_fid=214702]

Wattletree and Dorman Capital's decision to engage SJB as the project's architect came after an extensive competition process. SJB's concept for South Yarra House was deeply rooted in the local context.

Numerous site visits, photographic studies, and sketches of nearby buildings allowed the team to gather a collection of ideas, drivers, and inspirations.&nbsp;

Inspired by South Yarra's iconic Art Deco and Spanish mission homes and apartment blocks, such as the Beverley Hills flats and 31 Marne St, SJB's design concept merges a timeless New York tower aesthetic with these local references.

[smartcode_project:default project_id=112970 project_image_fid=214719]

With a predominantly brick and concrete façade the architects have strategically prioritised unobstructed views to the north while ensuring the building's thermal efficiency and solar performance.

The façade features a gridded column and beam composition, with glass set back deeply, and a few arched moments that add a touch of charm.

The modestly scaled tower comprises three floors dedicated to commercial and retail spaces on the lower levels.

[smartcode_project:default project_id=112970 project_image_fid=214722]

Above, 13 levels house crafted residences, with a maximum of five apartments per floor.

The upper levels offer even more exclusivity, with only two to three apartments per floor. To top it off, residents will have access to a communal rooftop where they can enjoy panoramic views.

Situated in front of Melbourne High School's football ground, the dwellings offer expansive views of lush green landscapes and the majestic Yarra River.

[smartcode_project_cta:default project_id=112970]

Every aspect of South Yarra House pays homage to the past while embracing the present

"A return to South Yarra grandeur and refinement": How SJB designed South Yarra House

In the upscale neighbourhood of Brighton, a new residential project is capturing attention and redefining the meaning of luxury living.

Fifty Two Black, a collaboration by renowned designers Nicholas Day, Jack Merlo, Gregory Tuck, and Meg Sharpe, introduces a distinctive design that combines elegance, exclusivity, and a private elevated lifestyle.

[smartcode_project:default project_id=106713 project_image_fid=213832]

With only five residences, Fifty Two Black offers house-like proportions, furnished in partnership with Ralph Lauren Home. As the first project in Australia to be entirely furnished with Ralph Lauren Home pieces, the development introduces a new class of elegance and exclusivity to Brighton.

Each is defined by one of three distinct design inspirations, crafted by Meg Sharpe, with Californian Romantic, Desert Equestrian, and Deco Moderne concepts, featuring&nbsp;three bedrooms, two living areas, and a generous terrace.

Upon entering the homes at Fifty Two Black, soaring ceilings of up to 3.3 meters and European anodized bronze windows create a grand sense of space and light, coupled with warm timber floors arranged in a chevron pattern.

[smartcode_project:default project_id=106713 project_image_fid=213834]

The apartments expansive living areas also feature a stone fireplace, as well as a feature chandelier and handcrafted finishes.&nbsp;

The European kitchens include a butler's pantry, with hand selected marble adorning the benchtops and splashbacks,&nbsp;while pendant lights by Ralph Lauren Home illuminate the classic white joinery.

[smartcode_project_cta:default project_id=106713]

Fifty Two Black is the first project in Australia to be entirely furnished with Ralph Lauren Home pieces

The design behind Brighton's Fifty Two Black apartments

Affordability has began to pinch even the most astute property seeker, following 12 interest rate hikes from the RBA in as little as 14 months.

That's taken the official cash rate some four per cent higher than it was in April last year, to 4.1 per cent.

On average, the rate hikes have cut the average property buying budget by over $150,000.

And while there was a downturn in property markets while the RBA was in the hike-cycle, prices have now bottomed, and are on their way back up.

Unfortunately for prospective borrowers, that's not the case for their budgets, as rates are expected to stay above the four per cent mark well into next year.

To combat the growing budget pains, we've put together a list of Melbourne's best off the plan and newly completed apartments for sale under $500,000.

<h2>Project: Highett Common</h2>

<h2>Suburb: Highett</h2>

<h2>Price: From&nbsp;$415,000</h2>

Highett Common, developed by Sunkin Property Group, stands out with its unique approach to master-planned communities.

The development prioritises conservation, dedicating four hectares of natural green space within the 9.34-hectare project. Highett Common aims to become the first medium density, Net Zero Carbon community in Victoria.

[smartcode_project:default project_id=108019 project_image_fid=212651]

The collaboration between ClarkeHopkinsClarke Architects and Tract Landscape Architects ensures that each neighbourhood within Highett Common will have its own distinct character and residential landscape.

The first release, Park House, offers one, two, and three-bedroom residences designed to harmonise with the surrounding environment.

[smartcode_project:default project_id=108019 project_image_fid=212514]

The development also boasts state-of-the-art amenities, including gyms and swimming pools, providing residents with a resort-like living experience.

<h2>Project: Harvest Square</h2>

<h2>Suburb: Brunswick West</h2>

<h2>Price: From&nbsp;$435,000</h2>

Harvest Square in Brunswick West, developed by AVJennings in partnership with Homes Victoria, presents a range of housing options catering to diverse buyers.

[smartcode_project:default project_id=139951 project_image_fid=212687]

Harvest Square offers one, two, and three-bedroom apartments, along with two and three-bedroom townhouses, designed by SJB Architects with sustainability at the forefront of the designs.&nbsp;

The site will also feature publicly accessible open spaces, including a green spine, providing up to 3,200 sqm of recreational area.

[smartcode_project:default project_id=139951 project_image_fid=212688]

Harvest Square is also an all-electric community, while also boasting an 18-metre wide green corridor with productive plantings for all to enjoy.

The buildings have been designed with sustainability in mind and is independently certified to achieve 5 Star Green Star, 7 Star NatHERs, and Gold and Silver Liveable Housing Design ratings.

<h2>Project: Sierra Hawthorn</h2>

<h2>Suburb: Hawthorn</h2>

<h2>Price: From $500,000</h2>

The Sierra Apartments in Hawthorn have emerged as a standout player in the market, with the completed apartments by JD Group attracting buyers with the project's distinctive 'S' shape.

[smartcode_project:default project_id=94104 project_image_fid=175602]

With options ranging from one to four-bedroom apartments and terrace homes, Sierra offers a diverse range of residential choices.

The 'S' shape not only adds visual appeal but also enhances the retail experience along the vibrant Burwood Road, with two landscaped courtyards nestled within the curves of the building.

[smartcode_project:default project_id=94104 project_image_fid=175604]

The apartments feature floor-to-ceiling windows, flooding the interiors with natural light and showcasing the elegant combination of dark wood and high-quality stone in the open-plan living spaces.

<h2>Project: Tommy Residences</h2>

<h2>Developer:&nbsp;Ninety Four Feet</h2>

<h2>Price: From&nbsp;$460,000</h2>

Tommy Residences, located in the Edgewater Estate Precinct just seven kilometres from Melbourne's CBD, offers an exclusive collection of one, two, and three-bedroom residences. The development embraces its natural surroundings and frames cityscape views.

[smartcode_project:default project_id=111515 project_image_fid=212247]

Tommy's interiors have been crafted to maximise natural light and provide connections to outdoor spaces, allowing residents to stay connected to nature.

With its convenient location near retail, dining, and entertainment options, as well as excellent public transport connections, Tommy offers a leafy and tranquil residential experience connected to the best of the west.&nbsp;The nearby parks and trails offer 30 acres of open space, perfect for those who enjoy an active outdoor lifestyle.

<h2>Project: Malvern Collective</h2>

<h2>Suburb: Malvern</h2>

<h2>Price: From&nbsp;$489,000</h2>

Malvern Collective, developed by Kokoda Property, is a mixed-use precinct transforming Dandenong Road.

The project, currently 70 percent sold and under construction, features two residential towers with views of Port Phillip Bay, the Dandenong Ranges, and Melbourne's CBD.

There's over 200 apartments, including a grand penthouse and a number of sub-penthouses.

[smartcode_project:default project_id=12457 project_image_fid=200157]

Malvern Collective's ground level will house a retail, dining, and lifestyle precinct, featuring the last Woolworths Metro to be built in Melbourne and the iconic Angel hotel, renovated&nbsp;since 1856.

The precinct will connect with Glenferrie Road via new laneways, providing direct access to Malvern train station.

<h2>Project: The Canopy</h2>

<h2>Suburb: South Melbourne</h2>

<h2>Price: From&nbsp;$487,000</h2>

The Canopy at 272 Normanby Road, the visionary project developed by Gamuda Land in collaboration with local experts, is set to be a groundbreaking mixed-use community in South Melbourne redefining sustainable living.

The design of The Canopy incorporates biophilic principles, with an urban forest, a captivating green spine, and a rooftop garden, offering residents a serene sanctuary amidst the bustling cityscape.

[smartcode_project:default project_id=136970 project_image_fid=208481]

The 20-storey landmark will feature over 200 apartments, including one, two, and three-bedroom residences. Embracing nature and paying homage to the local environment, The Canopy will also include a 3,000 sqm with Melbourne's first urban Miyawaki forest.

On average, the rate hikes have cut the average property buying budget by over $150,000

Melbourne's best new off the plan apartments for under $500k selling in July 2023

In preparation of the construction of their STH BNK by Beulah development in Melbourne's Southbank, developer Beulah has commissioned Melbourne artist George Rose to paint a large-scale mural of Australia natives on the rooftop of the former BMW building.

Commissioned by Beulah Foundation, Beulah’s philanthropic arm, the artwork will aspire to promote art, well-being and sustainability, while advancing culture in and around the City of Melbourne.

The concept for the mural focuses on rejuvenating the current site’s urbanscape and will be complementary to the eye-catching Atong Atem mural that adorns the exterior of Hanover House, with both sites celebrating local female artists.The mural will be available to see from the end of July 2023 to December 2023.&nbsp;

<img alt="George Rose STH BNK" data-entity-type="file" data-entity-uuid="d220a90b-2b3a-454c-9111-b1cb6dcb00bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%2010.49.48%20am.png?VersionId=SvAwmtCI5E8UGMmqhOkBtt.zOPERJJ5T" />

Beulah Director Adelene Teh said the Beulah Foundation is thrilled to partner with George Rose, anticipating the positive impact of this artwork on the community.

“The vibrant piece commissioned by the Foundation adds colour and life to the area, aspiring to bring joy to workers, residents and visitors, especially those in surrounding tall towers who will be able to enjoy the rooftop mural daily," Teh said.

"It helps to spark imagination of the integration of life and biophilia with the future built environment, enhancing the connection between people and nature in cities.

“We received such positive feedback from the local community on Atong Atem’s Hanover House mural and it became a must-see installation within the City of Melbourne.

“With Melbourne as the cultural capital of Australia known for its rich and vibrant arts and culture scene, both of these murals aim to also activate Melbourne as a vibrant 24/7 city, while celebrating local female artists as well said."

Using bright, surreal colours and her signature gradients, George Rose’s work focuses on gestural mark-making often paired with endemic botanicals. Her work explores the fragility of nature, featuring endangered floral and fauna, and the transformation of the micro into macro-scale. Her work can be found across the globe from Australia to the US, and across Asia and Europe.

<img alt="George Rose" data-entity-type="file" data-entity-uuid="5e69fb6c-1104-4a8e-b0fb-a370d9e1246e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%2010.49.33%20am.png?VersionId=2m0n2pSVttVRUli0nXyqoZsBo67GVQo0" />

Both Hanover House and the former BMW site will be the future home to STH BNK By Beulah, a vertically integrated city within a city that will offer world-class retail, a comprehensive wellness precinct, a residential offering, a childcare centre, extensive green spaces including rooftop gardens and eight pocket parks dotted throughout, as well as an innovative cultural centre in partnership with Centre Pompidou, which has the largest collection of modern and contemporary art in Europe.

The five-minute vertical city is substantially lower than the 15-minute benchmark set by planning models across the world, which was first introduced by French-Colombian scientist Carlos Moreno in 2016.

[smartcode_project:default project_id=8804 project_image_fid=194915]

In 2019, the Victorian Government launched a 20-minute neighbourhoods pilot program, following research that 20 minutes is the maximum time that people are willing to walk to meet their daily needs locally.

Beulah Director Adelene Teh said the Beulah Foundation is thrilled to partner with George Rose, anticipating the positive impact of this artwork on the community

STH BNK by Beulah site to feature large-scale mural of Australia natives before construction starts

Melbourne Square already has over 16,000 square metres of on site resident facilities, however we decided to explore the Southbank precinct to see which amenities you've also got within walking distance.

Here are 6 amenities in 60 seconds:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/y1H-oFZjcdo" title="YouTube video player" width="660"></iframe>

<h2>BLVD AT A GLANCE</h2>

Developer:&nbsp;<a href="/developers/osk-property">OSK Property</a> 
Architect:&nbsp;<a href="/architects/cox-architecture">Cox Architecture</a> 
Address: 19 Hoff Boulevard, Southbank

If you'd love to learn more about BLVD at Melbourne Square, then submit an enquiry to request a call from a sales agent.

[smartcode_project_cta:default project_id=107714]

Olivia Round

VIC LOCATION TOUR: What's within walking distance from Southbank's BLVD at Melbourne Square?

The current rental market crisis is already pushing enquiry numbers through the roof from both first home buyers and investors who are seeking to either get out of the rental market, or take advantage of it.

The latest statistics from property data analytics firm CoreLogic show just how strong the rental market is, particularly in Melbourne.

Their Quarterly Rental Review Q2 2023 found Melbourne is now no longer the most affordable capital city to rent a house, following 3.5 per cent quarterly growth in the rental market.

Dwelling rents in Melbourne (both houses and units), rose 3.9 per cent in the quarter, significantly outpacing growth in Perth (3.4 per cent) and Sydney (3.2 per cent).

The rise is putting pressure on renters who are now starting to look at entry-level apartments, particularly in Melbourne's inner-ring, rather than be beholden to the rent rises, while the growth has investors looking at securing stronger rental yields than they've likely ever seen before.

Where gross rental yields have started to fall across Sydney, Brisbane, Adelaide, Hobart and Canberra, they rose in Melbourne, Perth and Darwin. Another case for investors is the critically low vacancy rate, 0.8 per cent, one of the lowest capital city vacancy rates across the country.

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="3682f33e-8a57-4dc6-b979-ebca21924406" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%209.26.50%20am.png?VersionId=WarMQHyNJCfIVu64kZT2ZVuXO1zoxJoe" />

Specifically looking at units, which incorporates both apartments and townhouses, Melbourne rents are up 4.5 per cent on the quarter to June, the second highest quarterly gain behind Perth.

Melbourne's median rent for units is now $532, and houses $567.

Sydney, Melbourne and Perth have also seen total rental supply between -30 per cent and -50 per cent below the previous five-year average for this time of year.

<img alt="CoreLogic" data-entity-type="file" data-entity-uuid="30201ca8-2eec-49c6-af1f-c9c6d798c7d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%209.24.32%20am.png?VersionId=xtnDqQMblFefjrXCtvhaAKH2qTfdEfpq" />

Rental listings remain well below the previous five-year average, with a national shortfall of around -32.4 per cent, or 47,500 rental listings recorded over the four weeks to June 3rd.

"Strong demand from overseas migrants, particularly international students, continues to support stronger growth in the medium to high-density sector, with national unit rents increasing by 3.6 per cent in the June quarter compared to a two per cent increase in house rents," CoreLogic&nbsp;Economist and report author Kaytlin Ezzy noted.

The report found Brighton was the most expensive suburb in Melbourne to rent a house. The median rent in the Bayside hotspot is $1,343 a week, and the median house value $3,536,000.&nbsp;

The majority of Melbourne's most expensive suburbs to rent a house are in the inner ring. Black Rock, Middle Park, Malvern and Canterbury made up the top five. The top 24 suburbs have median house rents at over $1,000 a week.

The latest statistics from property data analytics firm CoreLogic show just how strong the rental market is, particularly in Melbourne.

Melbourne no longer Australia cheapest rental market: A compelling case for buying off the plan 

Melbourne developer <a href="/developers/golden-age-group">Golden Age Group</a> has continued to focus it's development efforts in <a href="/developments/glen-waverley-vic-3150">Glen Waverley</a> in Melbourne's east, and to great success.

Following their Sky Garden apartment project above The Glen Shopping Centre, Golden Age decided to create a townhouse project in the area, based on feedback from prospective buyers at Sky Garden who preferred townhouse living.

The team then went and bought land on Ferntree Gully Road and preceded to put together plans for a townhouse project, which was given approval in October 2022.

Since then the development of just 77 two and three-bedroom townhouses designed by Rothelowman have gone from strength to strength. Some 40 per cent of the townhouses were snapped up on their launch.

A Golden Age spokesperson said the townhomes respond to the changing needs of the population by providing diverse housing options

[smartcode_project:default project_id=104680 project_image_fid=207730]

“Glen Waverley is an area predominantly dominated by single-family homes and there is little choice when it comes to townhomes, particularly architecturally-designed homes that offer a premium feel,” they said.

By March this year, the group had achieved&nbsp;$35 million in sales, with the average price point in sales ranging from $1.1 million to $1.6 million.

The townhomes are designed to be sensitive to the site’s existing context, while capitalising on an opportunity to deliver an outstanding architectural response that will set a new standard for townhouses within the area.

Golden Age Founder and Managing Director Jeff Xu said it was a matter of ‘when not if’ the group would bring a luxury townhouse project to market.

"Before even launching to market, we had a waitlist of buyers interested in a townhouse product, one that embodied the same ethos and design philosophy of Sky Garden," Xu said.

[smartcode_project:default project_id=104680 project_image_fid=207724]

Golden Age then appointed a builder in June, Cremorne-based builders&nbsp;Figurehead Construction, to construct the townhomes, which are expected to be completed by early 2025.

They've now sold over&nbsp;80 per cent of the Stage 1 release, with new park front lots brought forward to cater to demand.

There's only a limited number of four-bedroom townhomes remaining in Floret, with prices starting from&nbsp;$1,235,000.&nbsp;

[smartcode_project_cta:default project_id=104680]

A Golden Age Chief spokesperson said the townhomes respond to the changing needs of the population by providing diverse housing options

A buyer's guide to Golden Age's Glen Waverley townhouse development Floret

Melbourne's inner east is known for its vibrant neighbourhoods, leafy streets, and proximity to the city.

Several apartment developments have been completed in the last 12 months, offering prospective buyers the benefits of either a ready-to-move in option rather than renting, or for investors who want to start earning rental income.

We've wrapped up a list of some of the best completed apartments currently selling in Melbourne's inner east.

<h2>Project: HOME</h2>

<h2>Suburb: Alphington</h2>

HOME, located at 626 Heidelberg Road in Alphington, stands tall as a new architectural marvel within the Alphington Paper Mill Development.

[smartcode_project:default project_id=24441 project_image_fid=84981]

Situated just 6.5 kilometres northeast of the city, the 16-story building offers a range of terrace homes, sky homes, and apartments.

The sleek design combines a brick podium, paying homage to the site's industrial legacy, with a curved glazed tower showcasing contemporary architecture.&nbsp;

The exterior materials, including brick, concrete, timber, metal, and glass, create a timeless and raw aesthetic.

[smartcode_project:default project_id=24441 project_image_fid=167645]

With only two and three-bedroom apartments remaining, prices for HOME start from $914,000.

<h2>Project: Sierra</h2>

<h2>Suburb: Hawthorn</h2>

Sierra in Hawthorn has proven an attractive proposition for both first home buyers, rightsizers, and downsizers, primarily for its prime location.

Offering one, two, three, and four-bedroom apartments, as well as terrace homes, Sierra makes a bold architectural statement.

[smartcode_project:default project_id=94104 project_image_fid=175611]

The 'S' shape not only enhances visual appeal but also creates an engaging retail experience on Burwood Road. Residents can enjoy the convenience of retail amenities at their doorstep.

The building also features landscaped courtyards nestled within its curves, providing serene outdoor spaces for residents to relax.

[smartcode_project:default project_id=94104 project_image_fid=212494]

There are just one and two-bedroom apartments available in Sierra, starting from $500,000.

<h2>Project: Toorak Park</h2>

<h2>Suburb: Armadale</h2>

Toorak Park presents a rare and highly sought-after opportunity for those aspiring to enter Melbourne's exclusive Toorak market.

With over 60 percent of Toorak's population consisting of families, securing new or near-new apartments in the area has been challenging.

[smartcode_project:default project_id=377 project_image_fid=211685]

Located at 590 Evergreen Mews in Armadale, the $500 million masterplanned project offers a mix of one, two, three, and four-bedroom apartments developed by Lendlease, a prominent ASX-listed development giant.

Every one-bedroom apartment on offer has a car park, unheard of in the entry-level Toorak apartment market, which in itself has been unheard of for a number of years.

[smartcode_project:default project_id=377 project_image_fid=33594]

Designed by Denton Corker Marshall and Carr Design Group, Toorak Park's 16-building project seamlessly blends with its surroundings. Extensive landscaping by Tract provides green spaces and communal areas, creating a harmonious living environment.

Predominantly owner-occupied, Toorak Park sits in one of the area's most connected pockets, just across the road from Toorak Station and just off the lively Orrong Road.

Several apartment developments have been completed in the last 12 months, offering prospective buyers the benefits of either a ready-to-move in option rather than renting, or for investors who want to start earning rental income.

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