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

Joel Robinson

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

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

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

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

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

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

The apartment price gap drawing Sydney buyers west

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

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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.

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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?

Around a decade ago there were some early signs the buoyant overseas property investor market was starting to cool.

That prompted Tim Campbell, former Lendlease development director, and Stuart Kacir, a former Lendlease development manager, to team up and create their own development firm, with the sole focus to create beautiful and functional apartments for the local owner-occupier.

Since founding the company in 2016, Carpe have delivered over $100m of completed residences across multiple high-quality, architecturally significant and boutique developments in some of Melbourne's best suburbs. Testament to their founding vision they have only sold one residence to an investor

"We wanted to pivot away from the high density towers Lendlease is known for and create something which catered for a completely different market," Campbell and Kacir told me in a recent interview with Urban.

"We started specifically targeting local downsizers with higher end apartments, a type of product that wasn't familiar with the more traditional, blue-chip suburbs across Melbourne."

Their first project was back in 2017, when they built nine townhomes in Brighton East.

Now, without admitting it, they have a bit of a following. That's been showcased in their most recent apartment development, The Walton in Kew, which is competing with a number of similar off the plan projects in the area targeting downsizers.

They've only been on the market for a few months and they've already sold over 50 per cent off the plan.

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Construction is set to kick off on the Walpole Street site in June, after the team achieved construction funding from Australian Unity.

While over the years they've have seen personalisation of apartments, Campbell and Kacir said they've never seen so much customisation than they have in The Walton.

"It's not a case that buyers want to change the product," Campbell says, adding that they just want some features in particular upgraded.

"Some buyers have opted to remove a bedroom and turn a three-bedroom apartment into a two-bedroom to provide a second living space, but most asking for bespoke joinery, fireplaces, custom appliances, underfloor heating and even spa to the top floor terrace.”

“Given the market we are in, our main demographic tends to be couples who are downsizing from their family home of two or three decades, and there's some things they have always had, and want to continue to have.”

[smartcode_project:default project_id=135736 project_image_fid=208617]

Electric car charging infrastructure in basements has been a popular addition for buyers in The Walton.

"They openly admit that they have no intention of owning an electric car, nor do they think they'll ever own one in their lifetime," Campbell says.

"They're just future proofing the apartment for generations to come, while also charging motorized golf carts."

Campbell and Kacir said Melbourne councils are now finally starting to require the inclusion of electric car charging as standard in new apartment developments. Coming with it will come a change in design mandate in basement garaging. Fire safety protocols will mean developers will likely have to create two points of entry and exit to a basement garage, given the heightened risk of fire associated with batteries.

[smartcode_project:default project_id=135736 project_image_fid=208615]

Carpe are a very much design-focused developer, which is evident across the portfolio of under construction and completed projects.

"A lot of the job of developing is compliance and number crunching," Kacir says.

"When it comes to the architecture, that's something you can really get excited about, and ultimately it's how we see the finished product, so we like to make sure the architecture is something we can look back at and be proud of."

The team that created The Walton, Warren &amp; Mahoney and John Patrick Landscape Architects, created Carpe's under construction Eaglemont project, Eaglemont Residences, which only has two apartments remaining.

[smartcode_project:default project_id=109113 project_image_fid=191204]

A bonus of the market Carpe develop in was that the nature of the business meant they navigated COVID relatively unscathed. Of course build costs have gone up, but ultimately their target market, downsizers, saw the price of their homes skyrocket, some areas jumping over 40 per cent in around 18 months.

Sales continued through the lockdown period, as did construction, and now Carpe is in a position to take advantage of the lack of demand for development sites.

They have recently secured new development sites in Sandringham, Hampton, and another in Boroondara.&nbsp;

"We look at the long term for our buyers when we're securing a site," Kacir says.

" Our niche is boutique projects in sought-after suburbs. When we find the right site, we know the apartments we build there will be in high demand, because they'll be something rare, something you can't often find anywhere else in the suburb."

The three new projects will bring around 75 apartments and approximately $190 million end value to Carpe's pipeline, with another few sites also currently in the crosshairs

Since founding the company in 2016, Carpe have delivered over $100m of completed residences across multiple high-quality, architecturally significant and boutique developments in some of Melbourne's best suburbs

How a property market shift triggered the founding of Carpe Group

Boxshall, the latest residential collaboration by Jacmax, brings together a renowned international team to create 15 apartments in the heart of Brighton.

Positioned within the prestigious Middle Crescent residential precinct, Boxshall is located across from a verdant park and the historic Town Hall, with the tree-lined neighbourhood epitomising&nbsp;the coveted Brighton lifestyle.

[smartcode_project:default project_id=114239 project_image_fid=207903]

Presenting as the final opportunity to own an apartment in the Piet Boon-designed development, the last remaining park-facing apartments include a range of three-bedroom floorplans.

The Dutch interior designers collaborated with local architects, Cera Stribley and landscape designers, Myles Baldwin in their first Australian project, which fuses European architecture with the character of Bayside.&nbsp;

The apartments come with spacious living areas, in addition to oversized balconies, which take in park views.

Each apartment has also been designed to maximise natural light and ventilation.

[smartcode_project:default project_id=114239 project_image_fid=207914]

Residents will enjoy the best of both worlds, with the bustling village atmosphere of Church Street just a short walk away, while the calming oceanside is also nearby.&nbsp;

The location also provides easy access to some of the city's best schools, shopping centres, and medical facilities.

[smartcode_project_cta:default project_id=114239]

Presenting as the final opportunity to own an apartment in the Piet Boon-designed development, the last remaining park-facing apartments include a range of three-bedroom floorplans

Final release of park facing apartments on offer at Boxshall, Brighton

Developer Kervale has seen a strong uptake in both of their off the plan, under construction apartment developments in Bayside Brighton.

They've achieved the milestone 50 per cent sold status at their ESSENCE project, the $25 million worth of sales primarily driven by rightsizers, and their more affordable project Mode de Vie.

Both projects are currently under construction, with neither requiring a set amount of pre-sales due to Kervale being a privately-funded developer.

Kervale Managing Director Rob Moolman says the ability to see the project out of the ground and that it isn’t a waiting game has been a key deciding factor for some buyers.

“Confidence is everything in this market and buyers are hesitant to buy off the plan if they don’t know who is building their future home, or what the timeline looks like," Moolman says.

"Buyers want the confidence that their home will be delivered as promised and this is becoming more evident in the current economic climate.”

[smartcode_project:default project_id=138200 project_image_fid=212011]

Mode de Vie,&nbsp;located in and around Brighton's bustling community and shopping streets,&nbsp;offers a more affordable entry into the Brighton market compared to both ESSENCE and other competing Brighton apartment developments.

There's extensive customisation opportunity at Mode de Vie, something which Moolan says is very rare.

“We believe that it is very rare to find an apartment where you can customise a residence to such an extent, at such an attainable price point, with such a strong environmental focus,” Moolan says.

There are a number of energy efficient features at Mode de Vie, including&nbsp;electric vehicle chargers, solar panels and a battery backup pack, which will lead to significant savings for the purchaser in the long term, and allow owners to charge their EV vehicles from solar power.

On the other end of the spectrum, the penthouse within ESSENCE is one of the suburb’s most expensive apartment sales to date, selling for $10.2 million to someone currently living in Hawthorn.

[smartcode_project:default project_id=112893 project_image_fid=204997]

“Even with the increased price tag, the people buying in ESSENCE are also looking for a connection to a thriving shopping strip, communal amenities that enhance their apartment living, and spaces that enable them to express themselves," Moolman added.

"We have two very unique projects on either end of the price scale and both are doing exceptionally well in the current market."

ESSENCE is due for completion in late 2023 and Mode De Vie is due for completion in the second half of 2024.

Both projects are currently under construction, with neither requiring a set amount of pre-sales due to Kervale being a privately-funded developer

Kervale secure 50% of sales at both Brighton apartment projects

Elwood, Melbourne's upscale beachside suburb, is set to receive a luxurious addition to its already impressive skyline with the upcoming completion of Como, an exclusive series of only 10 apartments and 2 penthouses.

Holistic architecture and construction practice, mckimm, are behind the development, which will deliver a collection of two and three-bedroom floorplans, with state-of-the-art finishes, fixtures and fittings, along with secure parking and storage areas.&nbsp;

[smartcode_project:default project_id=28781 project_image_fid=78644]

Como features an exclusive series of only 10 apartments and two penthouses, designed by the group's in-house architecture team, with the first crop of residents expected to move in by the third quarter of this year.&nbsp;

Each apartment features floor-to-ceiling windows that frame the treetops and foster a connection between the built and natural environment, with the living spaces both light-filled and inviting.

Top-of-the-line appliances will be kitted out in each of the homes, paired with high-quality flooring and designer fixtures that are both stylish and functional.&nbsp;

For those who work from home or require a quiet space to study, Como apartments also offer a separate study area in the floorplans.&nbsp;

[smartcode_project:default project_id=28781 project_image_fid=78640]

While The Como offers a level of privacy and exclusivity that is hard to find in Elwood, it is still conveniently located just nine kilometres from the CBD. This means that residents can easily access the city's business and cultural offerings, while still enjoying the relaxed beachside lifestyle that Elwood is known for.&nbsp;

The Tiuna Grove location puts Como residents between the Ormond Road retail precinct and Elwood Beach.

Prices for the remaining Como apartments start from $1.95 million.&nbsp;

[smartcode_project_cta:default project_id=28781]

Como features an exclusive series of only 10 apartments and two penthouses, designed by the group's in-house architecture team

Mckimm's Elwood apartments set for July completion

It’s quite rare to be able to buy into a completed and ready-to-move-in residential development in the heart of Melbourne, much less one that spans an entire inner-city block.&nbsp;

But buyers can still find a home in OSK Property’s Southbank development, Melbourne Square, which comprises two towers; the East and West Tower, along with a curated selection of retail, dining and amenity offerings.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=200839]

The design, by Cox Architecture, focussed on creating a community where every resident’s needs could be met within a short walk, with Southbank home to some of Melbourne’s most dynamic activity zones, including the arts precinct, the Yarra River, a number of sporting venues and open green spaces.&nbsp;

Two and three-bedroom floorplans can still be purchased in the development, with prices starting from $759,300 for a two-bed, two-bath apartment that spans 68 sqm.

Each apartment features a timeless design, with the interior curated in a joint venture by Carr Interior Design and Coco Republic. &nbsp;

The three-bed offerings are the only apartments to include a car space, which is quite a beneficial feature for an inner-city development, where parking can often be hard to find.&nbsp;

[smartcode_project:default project_id=2929 project_image_fid=201019]

A range of luxury penthouse apartments are also on offer, with the three-bed floorplans covering an expansive 192 sqm for just over $3.6 million. These residents will also benefit from a 25-metre pool, a gym and associated spa deck, which is only accessible to premium apartment buyers that are situated from level 54 and up, with the exclusive Sky Club rounding out the luxe offerings.&nbsp;

A communal podium is located on level eight in Melbourne Square, expanding further on the curated amenity within the development. Spread across two floors of both towers, the area features a 50-metre pool, along with an expansive park, a gym, seating and lounge options, as well as several dining spaces.&nbsp;

Over 6000 sqm of public space has also been included across the ground floor, with a landscaped public park, along with a number of green spaces and walkways, in addition to a full-line double-storey Woolworths, and a plethora of eateries, retail and dining options, from espresso bars, to cafes and bottle shops.&nbsp;

[smartcode_project_cta:default project_id=2929]

Each apartment features a timeless design, with the interior curated in a joint venture by Carr Interior Design and Coco Republic

Limited opportunities remain at Southbank's completed Melbourne Square apartment development

Melbourne's leafy east suburb Glen Iris is attracting families with one of its latest developments.&nbsp;

BHC Property' latest townhouse collection, GlenHolm, offers a mix of two, three and four-bedroom floorplans, which is attracting families small and large.

The limited collection of large-scale townhomes at&nbsp;1795 Malvern Road has captured the attention of homebuyers due to its impressive features and ideal location, with MAP Architects behind the design.

[smartcode_project:default project_id=3723 project_image_fid=206930]

Boasting landscapes by the esteemed John Patrick, the masterplan focuses on providing residents with privacy and a strong sense of community.

Each townhome is thoughtfully spaced, allowing for a sense of individuality and ample breathing space, with the staggered form of the homes further adding to the distinctiveness of each residence.

Nestled between the rows of townhomes, an open common area fosters a sense of neighbourly camaraderie, providing a place for residents to gather and gardens to flourish.

With the long-term resident in mind, GlenHolm incorporates various design elements to cater to modern living. The homes feature dedicated working-from-home spaces, ensuring that residents can easily adapt to the evolving demands of remote work.

Entrance stations offer convenience and security, while there's also intelligent storage solutions, high-quality Miele appliances and durable fixtures integrated throughout.

GlenHolm is also designed with sustainability in mind. These townhomes boast a 7-star energy rating, with innovative features such as high-performance glazing and 2.9 metre high ceilings contributing to maintaining comfortable living conditions, along with a lower carbon footprint and lower energy bills for residents.

[smartcode_project:default project_id=3723 project_image_fid=206925]

Quiet streets wind through the area, offering a sense of serenity that is hard to come by in the city. Open parklands provide ample space for outdoor recreation, while the charming village shopping precincts cater to the needs of residents, ensuring convenience is just a stone's throw away.&nbsp;

Nature enthusiasts are in for a treat as the renowned Gardiners Creek Trail meanders through the eastern suburbs, stretching approximately 20 kilometres from Blackburn Lakes to the Main Yarra Trail in Burnley, while locals also enjoy the splendours&nbsp;of Hedgley Dene Gardens, boasting open lawns, an ornamental lake, and a number of footbridges.

Steeped in Edwardian-era charm, the nearby Central Park is another favourite, spanning almost 19 acres, with the verdant space home to an array of trees and garden beds, and even a cricket oval. Among its notable attractions is one of Victoria's oldest conservatories, a testament to the park's rich heritage and dedication to preserving natural beauty.

Culinary delights are also attracting families, with the local cafe, Pantry, a favourite among residents, renowned for its all-day brunch offerings. As the sun sets, the vibrant Asian-inspired diner and cocktail bar, Too Good Talker, takes centre stage.

[smartcode_project:default project_id=3723 project_image_fid=206924]

Families have also been attracted to GlenHolm's proximity to a number of Melbourne's bests schools, including St Mary’s Primary School, Glen Iris Primary School, and Holmesglen Institute Chadstone Campus.

Residents can enjoy the convenience of being just a few minutes' walk from Glen Iris station, providing connectivity to the city and surrounding areas, while trams along bustling High Street are also within easy reach.

For those who prefer cycling, the picturesque riverside ride along Gardiners Creek Trail and Main Yarra Trail offers a scenic route into the city.

[smartcode_project_cta:default project_id=3723]

The limited collection of large-scale townhomes has captured the attention of homebuyers due to its impressive features and ideal location, with MAP Architects behind the design

Why GlenHolm, Glen Iris townhouses, are a perfect family home

Capital city rents are being pushed higher and higher due to a huge imbalance between supply and demand, which is forecast to continue, particularly across Melbourne where the metrics point to a huge undersupply of apartments looking ahead.

CoreLogic’s monthly&nbsp;Australian Unit Market Update in April shows&nbsp;growth across capital city unit rents (+1.6 per cent) continues to outpace house rents (+0.9 per cent).

That's seeing investors come back into the market, securing rental yields they've not seen in decades. The rental dilemma has&nbsp;put recently completed apartment developments at the forefront of enquiry.

Investors&nbsp;can start receiving rental income straight away, while also securing depreciation benefits on their investment.

Completed developments are also looked on favourably by first home buyers, many of whom have seen their rent increase significantly over the past 12 months.&nbsp;

We've wrapped up a list of the best ready-to-move-in apartments currently selling across Melbourne.

This article follows on from <a href="/news/vic/the-best-completed-melbourne-apartments-selling-in-may-2023-part-i">Part I:&nbsp;The best completed Melbourne apartments selling in May 2023</a>

<h2>448 Brighton</h2>

In Melbourne's highly sought-after bayside locale, a new gem has emerged, gracing the prestigious suburb of Brighton. Completed in 2021, 448 Brighton has swiftly established itself as a coveted addition to the neighbourhood.

A team of experts in their own right came together for the development, led by Sunkin, who collaborated with renowned architects SJB and landscape architect Jack Merlo, crafting a design that seamlessly harmonises with the breathtaking surroundings.

[smartcode_project:default project_id=31946 project_image_fid=212460]

448 Brighton caters to the discerning needs of homeowners and individuals seeking to downsize. The apartments offer floorplans that generously accommodate various lifestyles, ranging from a comfortable 111 sqm to an expansive 693 sqm.

Every facet of the interior has been painstakingly fashioned to evoke a sense of artistic beauty. From the meticulously selected timber floors to the impeccably sculpted natural marble stone benchtops, every detail has been thoughtfully considered to create an ambiance that radiates refinement and elegance within the walls of 448 Brighton.

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While demand has been high, a selection of two and three-bedroom apartments still remain available in this development. Additionally, three and four-bedroom penthouses offer an elevated living experience.&nbsp;

<h2>Ovation Footscray</h2>

Ovation Footscray started welcoming it's first residents just last year.&nbsp;

Located in the heart of the suburb, Ovation reaps all the benefits of inner-city living, maintaining proximity to public transport, schools, dining and recreational amenity, while still feeling like its own set place.

[smartcode_project:default project_id=5490 project_image_fid=78490]

Locals Keystone Property Group are the developers behind Ovation, which comprises 131 residences with a mix of two and three-bedders remaining.&nbsp;

Keystone are no strangers to the burgeoning Footscray area, with the developers boasting a string of already sold out projects, including, The Buckley and Victoria Corner.

Kavellaris Urban Design (KUD) handled the design of Ovation, with owner Billy Kavellaris saying the vision was to honour Footscray’s unique architectural character, while still establishing a new level of design ingenuity for the area.

[smartcode_project:default project_id=5490 project_image_fid=78492]

The building’s form is bold in its depiction of recessed voids, unique shapes and protrusions, with a layer of greenery added through the landscape design which is integrated tactfully into the recesses on the façade, juxtaposing the building’s built form with lush, natural beauty.

The interiors of Ovation are also very much defined by what exists outside of the apartments, with full height windows inviting in ample sunlight and stunning views of the city skyline and surrounding streetscapes.

<h2>HOME</h2>

Perched at the commanding intersection of Heidelberg Road and Chandler Highway in Alphington, a new architectural marvel named HOME claims the highest vantage point within the Alphington Paper Mill Development.

This extraordinary building boasts sleek lines and a daring design, solidifying its status as a true landmark. The brick podium pays homage to the site's industrial legacy, while the gracefully curved glazed tower showcases the cutting edge of contemporary architecture.

[smartcode_project:default project_id=24441 project_image_fid=167640]

The exterior materials selected for HOME are both raw and timeless, creating a captivating blend of brick, concrete, timber, metal, and glass. These elements come together in an artful composition, unveiling expansive interiors that exude a sense of boundless space—a quality that is abundantly found within HOME.

Nestled amidst a leafy riverside environment, merely 6.5 kilometres northeast of the city, HOME encompasses 16 stories, housing a collection of terrace homes, sky homes, and apartments.

[smartcode_project:default project_id=24441 project_image_fid=167645]

The one-bedroom apartments at HOME have proven to be highly sought after, with all units in this category already sold. However, a limited number of two and three-bedroom residences still remain available, providing an opportunity for prospective buyers to secure their dream abode.

The design of the apartments was a collaborative effort between renowned firm Cera Stribley. Each of the 326 apartments at HOME boasts spacious floorplans and an abundance of natural light, offering residents an inviting and luminous living environment

<h2>Rise</h2>

Rise is the latest and final addition to the Mason Square precinct in Moonee Ponds.

Rising 29 floors and comprising just under 300 apartments, Rise boasts uninterrupted city views from the floor-to-ceiling windows, as well as plentiful amenity.

[smartcode_project:default project_id=5328 project_image_fid=164752]

On the top eight levels of Rise, Skyhomes are penthouse-style two and three-bedroom apartments with open plan living areas that open onto large balconies.

The Skyhomes have been designed to maximise space and the views from Melbourne’s north, as well as benefiting from exclusive facilities.&nbsp;

[smartcode_project:default project_id=5328 project_image_fid=164753]

Two and three-bedders can still be purchased in the development, with prices starting from&nbsp;$681,500.

<h2>Sierra</h2>

The Sierra Apartments in Hawthorn have emerged as a standout player in the real estate market, captivating buyers with their distinctive 'S' shape and meticulous design.

JD Group, renowned for their developments in Melbourne's most coveted neighborhoods, turned their attention to the heritage suburb, offering a diverse range of residential options within Sierra. Prospective residents can choose from one, two, three, and four-bedroom apartments, as well as a collection of terrace homes.

[smartcode_project:default project_id=94104 project_image_fid=175611]

What sets the Sierra Apartments apart is their bold architectural statement, which goes beyond mere aesthetics to create an extraordinary sense of space. The 'S' shape of the building not only makes a visual impact but also fosters an engaging retail experience on the vibrant Burwood Road. Residents are privileged to have retail conveniences right at their doorstep, enhancing their daily lives.

Adding to the allure of Sierra, two expansive landscaped courtyards are nestled within the curves of the building. These thoughtfully designed outdoor spaces not only enhance the visual appeal but also serve as serene havens for residents to relax and find solace amidst the hustle and bustle of the city.

[smartcode_project:default project_id=94104 project_image_fid=175603]

Internally, Sierra's apartments boast floor-to-ceiling windows that bathe the interiors in an abundance of natural light, accentuating the contrasting elements of dark wood and high-quality stone that grace the open-plan living spaces.

For those seeking spacious living across two levels, Sierra offers an impressive collection of dual-story terrace homes. Positioned at the heart of the 'S' structure, these homes enjoy a privileged location with delightful leafy outlooks at every turn, as they are seamlessly integrated with the surrounding courtyards.

<h2>Toorak Park</h2>

Toorak, known as one of Melbourne's most prestigious suburb, has always maintained its status as the epitome of blue-chip living.

When it comes to new apartment developments in Toorak, the price point generally starts at a staggering $2 million, targeting local downsizers or those seeking a downsizing move from other affluent neighboring suburbs.

[smartcode_project:default project_id=377 project_image_fid=33599]

With over 60 percent of Toorak's population consisting of families, according to the latest census, opportunities to secure new or near-new apartments in the area have been scarce, making the latest offering a rare and highly sought-after proposition for those aspiring to enter the exclusive Toorak market.

Toorak Park, a remarkable $500 million masterplanned project, has presented a mix of one, two, three, and four-bedroom apartments to cater to discerning buyers. Developed by the prominent ASX-listed development giant, Lendlease, this expansive 2.5-hectare project takes its name from its strategic location behind the serene and leafy Toorak Park.

[smartcode_project:default project_id=377 project_image_fid=211682]

The collaboration between Denton Corker Marshall and Carr Design Group has resulted in a remarkable 16-building project, exquisitely designed to blend seamlessly with its surroundings. The extensive landscaping, crafted by Tract, encompasses a third of the development, providing a harmonious blend of green spaces and communal areas. Among these features is a bluestone plaza that houses a convenience store and a café, providing residents with convenient amenities within easy reach.&nbsp;

Residents of Toorak Park can also indulge in an array of residential amenity, including a swimming pool and a state-of-the-art gym.

<h2>Yarra One</h2>

EcoWorld, a prominent global property developer, has made a notable addition to its impressive international portfolio with the completion of Yarra One, their luxury apartment development in South Yarra.

Yarra One embodies the signature themes found in other successful EcoWorld projects, emphasising liveability and a desirable lifestyle. Situated in the esteemed Forest Hill area of South Yarra, this development on Claremont Street marks the final touch to this exclusive pocket of the neighbourhood. The design of Yarra One's 250 residences was entrusted to Fender Katsalidis, the renowned international design firm known for its multidisciplinary expertise.

[smartcode_project:default project_id=3127 project_image_fid=181268]

Rising 27 stories high, the tower offers a diverse range of living options, including one, two, and three-bedroom apartments, as well as a selection of exquisite penthouses. The floor plans range from 56 sqm to a generous 109 sqm, accommodating various preferences and needs.

The strategic location of Yarra One's atrium, positioned between the South Yarra train station and bustling Chapel Street, positions it as a focal point and a vibrant hub for residents and the local community. The tower's façade and slender linear design seamlessly integrate with the architectural language of the surrounding towers, creating a harmonious visual cohesion.

[smartcode_project:default project_id=3127 project_image_fid=181270]

Homebuyers at Yarra One can indulge in an array of impressive amenities designed to enhance their living experience. These include a residents' dining room, a wine cellar, and a rooftop terrace with barbecue facilities. Fitness enthusiasts can take advantage of the gym and yoga room, while relaxation awaits in the outdoor spa, sauna, and steam room. Additional convenient features include a pet wash area and Tesla car share services.

CoreLogic’s monthly Australian Unit Market Update in April shows growth across capital city unit rents (+1.6 per cent) continues to outpace house rents (+0.9 per cent)

The best completed Melbourne apartments selling in May 2023: Part II

A collection of fully-furnished apartments in Fifty Two Black, the recently completed Brighton apartment development by luxury developer PB&amp;CO., are set to hit the market.

The fully-furnished Residence Two, spanning 452 sqm, and the 490 sqm penthouse, will be the apartments up for sale. The penthouse would achieve a record price per sqm for Brighton if it sells at it's $10 million price tag.

Residence Two is being pitched to investors as a high-yielding, short-stay letting opportunity, with expectations it could rent for $5,500 a night on a holiday letting service.

The weekly rent is estimated at $8,500 per week on a 12 month lease, which would be&nbsp;930 per cent more than Brighton’s current average apartment rental price.

[smartcode_project:default project_id=106713 project_image_fid=213834]

With interiors designed by internationally acclaimed New York designer Meg Sharpe and architecture led by Australia’s renowned architectural practice, Nicholas Day Architects and New York’s award- winning Gregory Tuck, the design of Fifty Two Black is inspired by the relaxed elegance of its prestigious bayside location.

In an exclusive collaboration between PB&amp;Co. and the world’s leading luxury home furnishings purveyor, RH Contract (formerly Restoration Hardware), Fifty Two Black is the first residential collection in Australia to be exclusively styled with soft furnishings, fittings and fixtures exclusively from RH Contract, and curated by Meg Sharpe.

Every piece of furniture, art, the bed linen, even the soap dispensers in the bathrooms, is from the RH collection. Notable fixtures include a Costera leather sofa designed by American Jason Chauncey, a hand woven, 100 per cent silk pile rug and a 60 inch Art Deco chandelier from renowned lighting designer Ian K. Fowler.

[smartcode_project:default project_id=106713 project_image_fid=213833]

Fifty Two Black is the newest elite residential and lifestyle destination with bespoke furnishings by the inimitable RH. The collaboration grants entry into an aspirational world of elevated luxury experiences, with pieces from world-renowned artisans that are anchored in style and superior craftmanship. The bespoke styled interiors with RH furnishings come together beautifully, elevating each carefully sculpted residence at Fifty Two Black.

With over $3 million invested in bespoke interiors and furnishings across all five residences, and over $1 million worth of imported marble, the decadent Fifty Two Black is set to transform Australia’s luxury residential market, with even the bathrobes and slippers included for the duration of a tenant’s or purchaser’s stay.

Residences at Fifty Two Black range from 293sqm – 490sqm in total, and each is fitted with three bedrooms, three bathrooms, two living areas, three or four car spaces and generous terraces that offer sweeping views afforded by the luxury bayside address.

[smartcode_project:default project_id=106713 project_image_fid=213835]

Michael Pesochinsky, president of PB&amp;Co., said the team is proud to bring this world-class offering to Melbourne, speaking to the new levels of luxury the decadent residences will bring to market, providing Melbourne’s elite with access to a living experience reminiscent of a world class hotel.

“At Fifty Two Black, we are welcoming guests into a fully immersive residential and lifestyle experience that is unlike anything else in Australia,"&nbsp;Pesochinsky said.

“PB&amp;Co.’s brand vision is, and always has been, to facilitate effortless luxury and elevated experiences for our residents. At Fifty Two Black, we believe we have delivered a world-class project that will change how the Australian property market looks at real estate.

“The model blends the service and detail of a hotel, down to the bathrobes, stocked linen and even the crockery, all awaiting our clients’ arrival, with the design and quality of a global standard of residential property design.

“From the moment our residents arrive, Fifty Two Black is an immersive experience, captivating its visitors in a world of heightened grandeur and elegance that is defined by the hand-selected luxury detail afforded by the exquisite RH Contract furnishings.

“ Each residence has been finished to the highest quality, creating a new standard for the premium leasing and residential sales market. Bespoke elements have been carefully considered to create a luxury experience, from the custom mosaic flooring imported and laid by artisans, to the floor to ceiling marble panelled bathrooms, no detail has been spared.”

“Melbourne’s elite will be able to step into the curated world of New York based interior designer Meg Sharpe and RH Contract, and experience the uncompromising luxury that has been curated by our world class team,” he said.

[smartcode_project_cta:default project_id=106713]

Michael Pesochinsky, president of PB&Co., said the team is proud to bring this world-class offering to Melbourne




Fifty Two Black apartments in Brighton to break records

Nestled within a picturesque street of Camberwell, Melegant Group's townhouse development Halcyon Lane epitomises the essence of connection and community.

The residential project not only provides a harmonious link between its residences, but also seamlessly integrates with the surrounding neighbourhood.

Surrounded by a lush green oasis, each townhouse within Halcyon Lane possesses the distinctive character and unique features of an architect-designed house, all within the context of high-end modern living.

[smartcode_project:default project_id=100672 project_image_fid=162084]

The architecture of Halcyon Lane is credited to Bruce Henderson Architects, with private gardens complementing the homes, crafted by the renowned John Patrick Landscape Architects.&nbsp;

The interiors of each townhouse have been carefully curated to exude opulence, with luxurious features such as V-Zug appliances, a Liebherr refrigerator, and natural stone benchtops that serve as focal points in the kitchen.

Unique touches such as feature glass and leather-wrapped handles add a touch of sophistication, while floor-to-ceiling windows invite an abundance of natural light into each of the living spaces, which are complete with a gas fireplace and an elm timber feature.&nbsp;

Concealed, ducted heating and cooling systems ensure the perfect temperature is maintained year-round, while the choice of timber flooring or plush carpeting in the bedrooms provides a personalised touch, complete with built-in dressing tables and wardrobe doors that serve as design elements.&nbsp;

To enhance the luxurious living experience, residents have the option to include a Zip tap, providing instant access to filtered drinking water, and even a private lift in select townhouses.

[smartcode_project:default project_id=100672 project_image_fid=162079]

The townhouses within Halcyon Lane come in a variety of layouts, catering to different lifestyles. From flexible, multi-story three-bedroom designs to spacious four-bedroom residences, each home offers multiple living zones and outdoor spaces.

Some of the select townhouses also feature additional amenities such as a study, a secondary living room on the top level, a rumpus or cinema room on the basement level, and a balcony, further expanding the living space within the homes.&nbsp;

Each townhouse also boasts a private, double basement garage, providing ample space for parking and storage, while a separate laundry room on the basement level adds another layer of convenience.

[smartcode_project_cta:default project_id=100672]

The residential project not only provides a harmonious link between its residences, but also seamlessly integrates with the surrounding neighbourhood

Halcyon Lane: Where luxury and community converge in the leafy Camberwell

Mount Waverley, known for its safe and convenient lifestyle, is now offering a unique opportunity to become part of its prestigious community, with construction due to complete on the latest residential offering.&nbsp;

A collection of just nine architecturally designed townhomes form Syndal Place, combining contemporary aesthetics, thoughtful design, and top-notch fixtures.

[smartcode_project:default project_id=112112 project_image_fid=192257]

Mount Waverley, often referred to as the jewel in the crown of Melbourne's southeast, is renowned for its heritage streets and captivating charm. Situated a mere 20 kilometres from the CBD, it has consistently ranked among the top choices for families seeking a comfortable and fulfilling lifestyle in Melbourne.

The demand for housing in Mount Waverley, particularly within the Glen Waverley Secondary school zones, has reached unprecedented levels in recent times, with families and individuals drawn to the suburb's friendly ambience and the convenience of being close to The Glen.&nbsp;

Located near Syndal Village, construction on the Jesse Ant Architects designed townhouses is due to wrap up shortly.

All the two-bedroom townhouses have already been sold in the development, with only a limited collection of three and four-bedroom floorplans remaining, with prices beginning from&nbsp;&nbsp;$1.22 million.&nbsp;

[smartcode_project:default project_id=112112 project_image_fid=192260]

The floorplans span from 156 sqm through to 222 sqm, each providing two car paces, along with a choice between two, three or four-bathroom options.&nbsp;

The townhouses are set across multiple levels, with each benefitting from spacious balconies on the upper levels, in addition to ground floor landscape courtyards.&nbsp;

[smartcode_project_cta:default project_id=112112]

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