The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

First Home Buyer

First home buyers are securing affordable homes at St Albans, thanks to Cedar Woods’ new St.A townhouse development. &nbsp;

The striking project, designed by DKO Architecture, features 254 two, three and four-bedroom homes which have been crafted to give residents an elevated lifestyle.

Among the first home buyers purchasing into the charming development is 24-year-old civil engineer, Jessica Nguyen. &nbsp;

Urban spoke to young property buyer about her buying journey and what she loves about St.A.

[smartcode_project:default project_id=7633 project_image_fid=80007]

MK: Where did you previously live and why are you moving to St.A?

JN: I currently live in Caroline Springs and decided to move to St.A because of the location. The area has already been largely developed with a train station within walking distance as well as great restaurants.

I spend so much time in the area already. So many of my family and friends live in St Albans and more of my friends are looking to buy in the area.

MK: Were you already looking for property when you discovered St.A?

JN: I’ve been looking for the last few months mainly at new developments around the Maribyrnong, Sunshine and St Albans areas.

<blockquote>
St.A appealed to me because of the price, distance from the city and amenity, available all within my budget.
</blockquote>

MK: What do you love most about what St.A has to offer residents?

JN:&nbsp;There is amazing food and a great community. The train station is a big factor for me, it is walking distance from St.A to the station, whereas right now I have to drive 20 minutes to the nearest station each day.

MK: Which townhome configuration did you opt for, and what led you to narrow down your decision?

JN: I purchased the Argyle townhome which has two-bedrooms, two-bathrooms and a single garage.

<figure><img alt="" class="image-article-full-width-580px" data-entity-type="" data-entity-uuid="" height="372" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/argyle_0.png?itok=BwP0Dq2-" title="The Argyle floorplan" width="580" />

<figcaption>The Argyle floorplan</figcaption>
</figure>

Price was a big influence. I went through a mortgage broker who helped me figure out what I could afford, and I was thrilled that this was slightly under budget.

MK: What was it like negotiating with the sales agent and the team at Cedar Woods?

JN: Minh was really good to work with; he understood my non-negotiables and replied quickly to get the deal done.

MK: What made you decide to buy off-the-plan rather than an existing dwelling?

JN: I wanted to build and found that buying off-the-plan was a lot easier and stress-free. St.A is already a built-up area and I could see the quality and style of homes Cedar Woods delivered.

[smartcode_project:default project_id=7633 project_image_fid=32169]

MK: St A has impressive nearby amenity. Which amenity is your favourite?

JN: Definitely the restaurants. My favourite is Thuan Phat, I go there every week!

MK: As a first home buyer, how did you find the due diligence research and purchase process?

JN: I asked advice from family who told me to first go to a mortgage broker to understand my budget. I also watched a lot of YouTube videos and listened to podcasts on how to budget and save for my first deposit.

I was also looking at another development in Sunshine but I liked the St.A amenity more. It is already an established community, whereas the other is still a while away from feeling like a community.

MK: Did you have a set of criteria that your first home had to meet?

JN: I very much looked at this purchase as an investment as well as my first home and having two bedrooms, two bathrooms and a garage was a set requirement for me.

I personally wanted a backyard area as well and I had a preference for a downstairs living area.

[smartcode_project:default project_id=7633 project_image_fid=80010]

As this was my first home, it had to be eligible for the First Home Owner Grant as well as fit within my budget.

What advice would you have for other first home buyers?

JN: Research as much as you can and understand your budget [and] prepare for the expenses of home ownership as well!

MK: Is there anything else you would like to add about your new home or the area more generally? 

JN: St Albans is such a beautiful place; it has come a long way in recent years. It is such good value being so close to the city; the west is the next big thing!

[smartcode_project_cta: project_id=7633]

Among the first home buyers purchasing into the charming development is 24-year-old civil engineer, Jessica Nguyen. Urban spoke to young property buyer about her buying journey 

max.kwok_55688

Why I purchased: The 24-year-old first home buyer of a two-bedroom townhouse at St Albans's St.A development by Cedar Woods

First-home buyers in regional Victoria will cease receiving a $20,000 grant from July 1, 2021, when the First Home Owners Grant will halve to $10,000.

Victorian Treasury officials confirmed the regional grant will go back to matching the $10,000 grant on offer for metropolitan first-home buyers.

Victorians buying or building a new home valued up to $750,000 are eligible for a First Home Owner Grant (FHOG).&nbsp;

It applies to buying an off-the-plan land and or a house and land building package.

The home must not have been previously sold or occupied to be eligible for the FHOG.&nbsp;

&nbsp;

[smartcode_project:default project_id=5559 project_image_fid=88243]

More than one exemption, concession or reduction from stamp duty is available for property purchases in Victoria.

First-home buyer duty exemption or concession &ndash; a one-off duty exemption for a PPR valued up to $600,000, or a concession for a PPR with a dutiable value from $600,001 to $750,000.&nbsp;

This duty exemption/concession is separate and distinct from the First Home Owner Grant.&nbsp;

The grant is a payment made to you, whereas the first home buyer duty exemption/concession is a reduction in the amount of land transfer duty.

It has been a popular grant across the state.

&ldquo;Seventy-seven per cent of all Victorian first-home buyer transactions since March 2020 were properties under $600,000 and therefore no land transfer [stamp] duty was payable,&rdquo; the recent state budget papers said.

First-home buyers in regional Victoria will no longer receive a $20,000 grant after July 1, when the First Home Owners Grant will halve to $10,000

jchancellor

June 30, 2021 deadline for $20,000 first-home buyers grant in regional Victoria

Ryrie Home is the most recent mixed-use project delivered by Victorian developer Franz&eacute; Developments.

Having officially broken ground in April, the tower is on its way to become Geelong&rsquo;s first major hotel and apartment project in 20 years.

[smartcode_project:default project_id=5559 project_image_fid=88241]

Geelong is the fastest growing regional city in Australia, driven by employment opportunities, education, infrastructure and its coastal lifestyle.

Urban chats with a local first home buyer, who has recently secured their first property at the luxury project, which was listed as Urban&#39;s most popular investor project for Q1 2021.

MK: What made you decide to buy off-the-plan rather than an existing dwelling?

FBH: The government grants on offer as well as the price certainty of buying off the plan. I&rsquo;ve wasted too much time researching and inspecting established properties and then being blown out of the water at auction!

[smartcode_project:default project_id=5559 project_image_fid=88245]

MK: Which apartment configuration did you opt for, and what led you to narrow down your decision to the apartment you have purchased?

FHB: I opted for a one-bedroom apartment with the easterly aspect! It enjoys views over the city and towards the bay aswell as the morning sun.

MK: Were you already looking for property when you discovered Ryrie Home?

FHB: Yes, I have been looking around the Geelong area for the best part of a year.

[smartcode_project:default project_id=5559 project_image_fid=88244]

MK: Did you have a set of criteria that your first home had to meet?

FBH: I wanted a property in a convenient location with a good clean layout and high-quality design.

MK: What do you love most about what Ryrie Home has to offer residents?

FHB: The Residents Rooftop area and the ground level retail amenity. It&rsquo;s going to be a great place to host a BBQ on a warm summers night.

[smartcode_project:default project_id=5559 project_image_fid=88243]

MK: What was it like negotiating with the sales agent and the team at Franz&eacute; Developments?

FBH: The sales agents were great to deal with. Very knowledgeable and helpful. It was actually a fun experience learning more about the project and selecting the perfect apartment for me!

MK: Is this your first property purchase? How did you find the due diligence research and purchase process?

FBH: Yes, it was my first purchase. The sales agents at the display suite gave us lots of information and we found the internet a great source of information too.

Lots of helpful websites to help refine our search which ultimately led to our decision to buy at Ryrie Home.

[smartcode_project:default project_id=5559 project_image_fid=88248]

MK: What advice would you have for other first home buyers?

FBH: Do your homework and find an agent that genuinely wants to help you make the right decision.

[smartcode_project_cta: project_id=5559]

First home buyers at Ryrie Home purchased an off-the-plan property after wasting too much time inspecting established homes only to be “blown out of the water at auction”


Why I purchased: Local first home buyers secure an apartment at Geelong's Ryrie Home development

The federal government has announced  that the federal budget will increase the maximum amount of voluntary contributions that can be released under the First Home Super Saver Scheme from $30,000 to $50,000. 

The FHSS Scheme was launched in the May 2017 budget designed to allow first homebuyers to use their super account to save some of the money they need for a home deposit.

The First Home Super Saver Scheme involves making before-tax contributions to superannuation.

The deposit comes by portioning a part of the aspiring first home buyer's income to be put into super account before tax.

It provides a lower tax scenario for the deposit being accrued. 

All contributions must be voluntary contributions, so Superannuation Guarantee (SG) amounts paid by your employer cannot be directed towards the FHSS savings.

FHSS contributions using a salary sacrifice arrangements can be used.

FHSS participants can not have previously owned a home in Australia, including an investment property, vacant land and commercial property.

Purchasers are obligated to live in the property for at least six of the first 12 months after purchase.

Previously the maximum a person can contribute each year under the FHSS Scheme is $15,000, with the maximum a person can save in total under the FHSS Scheme being $30,000.

“The expansion of the First Home Super Saver Scheme to allow the funds that can be withdrawn from $30,000 to $50,000 will boost its popularity and take up," said Denita Wawn, CEO of Master Builders Australia.

"Harnessing the power of compound interest in superannuation to save a deposit makes sense,” she said.

The FHSS does not permit access to the regular 9.5% super contributions.

The number of home builders through the scheme has been limited to date given the complexity of the scheme and the years required to build up a deposit.



The federal budget will see the adjustment of the First Home Super Saver Scheme to allow the withdrawal of $50,000 in funds 

$50,000 to be permitted in First Home Super Saver Scheme withdrawals

The ongoing&nbsp;surge in home financing and purchasing took a hit in April as one of the key drivers, the HomeBuilder Grant, came to an end in March.&nbsp;

Many developers however are sighting that the&nbsp;completion of the HomeBuilder Grant has failed to deter first home buyers (FHB).

Check out which suburbs have been drawing the attention of first home buyers in April.

Here are Urban&rsquo;s most popular suburbs among FHB&#39;s:

<h2>1. Footscray</h2>

Live City 
Address: 124-188 Ballarat Road,&nbsp;Footscray&nbsp;VIC 3011 
Two-bedroom apartments from $460,000

[smartcode_project:default project_id=3565 project_image_fid=77396]

Footscray has once again topped the list of most popular suburbs among first home buyers as it did in Q1, with strong interest shown in Live City.

Part of a new master planned community, Live City comprises 208 residences spread across 14 floors, delivered by developer R&amp;F Property Australia.

Set to deliver over 1,400 apartments across eight buildings, the&nbsp;Footscray&nbsp;project brings together a fully-integrated, mixed-use community that&rsquo;s thriving with character and history.

Designed by&nbsp;Elenberg Fraser, each residence features floor-to-ceiling windows, contemporary interiors and an abundance of natural light.

It is the second most affordable development included&nbsp;on this list with a one bedroom abode available from $350,000.

<h2>2. Southbank</h2>

Melbourne Square 
93-119 Kavanagh Street, Southbank VIC 3006 
Two-bedroom apartments from $642,000

[smartcode_project:default project_id=2929 project_image_fid=139896]

Closing in on Footscray in popularity this month&nbsp;is Southbank, and for good reason, with&nbsp;Southbank&#39;s Melbourne Square being the third most popular development among FHB&#39;s this month.

OSK Property are the group behind the boutique collection of homes at Melbourne Square.

Featuring four distinct themes, it has been architecturally designed by Cox Architecture, with interiors by designer Sue Carr, creating flawless spaces which make the most of the spectacular city views on offer.

Each bedroom boasts a stunning view via floor-to-ceiling glazing, plus the master suites offer a unique panoramic city vista.

Set for completion in mid 2021, amenities include a full-line Woolworths and other shops as well as resort-style facilities including pools, sauna, spa, gymnasium and a yoga room.

<h2>3. Reservoir</h2>

The Plenty Residences 
Address: 830 Plenty Road, Reservoir VIC 3073

[smartcode_project:default project_id=3295 project_image_fid=21539]

Enter Reservoir&rsquo;s largest residential project in the suburb&rsquo;s history, The Plenty Residences. Consisting of 328 apartments, 17 townhouses, and 11 commercial suites across four buildings of varying heights up to 12 storeys, The Plenty is overseen by developer JLF Property Group.

Architeria Architects have created a central area of vibrant greens destined to be The Plenty&rsquo;s focal point, offering a welcoming place where residents can take refuge after a busy day or entertain friends and family.

Enjoying panoramic views of the city and mountains, the residences offer a mix of one, two, and three-bedroom apartments and townhouses.

You can take advantage of the communal areas, set to include a swimming pool, barbecue, and children&rsquo;s play areas. With 231 bike spaces and 394 car spaces, The Plenty Residences will have plenty of room for people of all ages.

<h2>4. Keysborough</h2>

Haven Townhomes 
Address: 42 Homeleigh Road,&nbsp;Keysborough&nbsp;VIC 3173 
Three-bedroom townhouses from $675,000

[smartcode_project:default project_id=8082 project_image_fid=59639]

For those First Home Buyers with a family, or seeking something larger Haven Townhomes has been very eye-catching with affordable and stylish three and four bedroom townhomes on offer

Brought to you by Aultun Group, the development was designed by&nbsp;Cera Stribley Architects.

The Haven estate encompasses a variety of two storey floor plans with the option of choosing a house and land package, or an&nbsp;off-the-plan&nbsp;purchase.

Situated surrounded by thriving wetlands and meandering walking trails, each of the 59 Haven Townhomes are in a prime position for stunning views, access to nature and world-class&nbsp;amenities.

It is set for completion in December 2021.

<h2>5. Geelong</h2>

Ryrie Home 
44 Ryrie Street, Geelong VIC 3220 
Two-bedroom apartments from $699,000

[smartcode_project:default project_id=5559 project_image_fid=88245]

Ryrie Homes was Urban&#39;s most popular investor project for Q1 2021, however this month&#39;s results show its appeal to&nbsp;first home buyers, with Geelong&#39;s strong performance as one of the nation&#39;s most sought-after regional areas doing excellent work for this development.

Delivered by Franz&eacute;, each Ryrie Home apartment has been cleverly designed by Architectus to deliver great amenity, comfort and abundant storage, with timber flooring, beautiful finishes and quality fixtures.

Each apartment enjoys panoramic bay views and alfresco dining for year-round holiday living.

With the foreshore, 500m north and the CBD, 500m east&mdash;as well as parks, theatres, galleries, caf&eacute;s and restaurants all within walking distance&mdash;Ryrie Home offers a level of culture and connection unmatched in Geelong.

Plus for first home buyers looking for something on the more affordable side, one-bedroom apartments start at $375,000.

Check out what suburbs first home buyers have been keeping an eye on in April

jordan_55689

The most popular VIC suburbs for first home buyers in April on Urban

OPINION

Some people will kill for a bit of free publicity. The first thing to be murdered is the truth, in the quest for cheap limelight.

In real estate, a perennial favourite among those who seek media profile is the affordability crisis. This is a ripper yarn because it tugs at the tear ducts of all Australians whose hearts bleed for desperate young couples who can&rsquo;t afford to buy a home.

It&rsquo;s rubbish, of course, but the truth is always optional in these kinds of storylines.

First, here&rsquo;s the reality. The past year has been the best time ever to be a first-home buyer in Australia. The level of government assistance has never been higher and the cost of finance has never been lower. And investors have been fence-sitting so first-timers haven&rsquo;t had a lot of competition.

And young home-buyers have responded in record numbers.

[smartcode_project:default project_id=7317 project_image_fid=79249]

Yet, despite all of that, there are organisations who have managed to construct a scenario where no one can afford to buy or that prospective first-timers have to save for 10 or 12 years to cobble together a deposit for a meagre dwelling.

Here are some recent headlines from mainstream media:-

- &ldquo;Policy failures see houses become unattainable for young Australians&rdquo;

- &ldquo;Australian housing affordability worsens amid fears proposed safe lending laws repeal will lead to debt disaster&rdquo;

- &ldquo;Tensions in housing market as affordability worsens&rdquo;

- &ldquo;First home buyers take 10 years to save for a deposit&rdquo;

- &ldquo;From down payment to dealbreaker: Average house deposit now exceeds 100k&rdquo;

Those last two screamers are the biggest lies.

How do they concoct such scenarios, at a time when FHBs are out there buying in such large numbers?

[smartcode_project:default project_id=32227 project_image_fid=93945]

Very easily, so as long as you&rsquo;re not bothered by a conscience. You simply create a formula in which every component is a work a fiction.

Here&rsquo;s the proposition they put forward:-

- How long does it take the average young couple on typical incomes to save a 20% deposit to buy the median-priced house in Sydney?

It&rsquo;s difficult to imagine a scenario more distant from the reality of most FHBs across the nation.

Here&rsquo;s why &hellip;

- They stipulate a 20% deposit. Nobody saves a 20% deposit. You don&rsquo;t need to. You can currently get into a first home with a 5% deposit without having to pay mortgage insurance.

- First-home buyers don&rsquo;t buy median-priced properties, not in Sydney or anywhere else. They buy in the lower price ranges.

- Why houses? Many young Australians prefer apartments and not just because they&rsquo;re much cheaper. Why do these fictitious scenarios never insert apartments into the equation?

- Why this focus on our most expensive? Why not Brisbane or Perth or Adelaide?

[smartcode_project:default project_id=90553 project_image_fid=147606]

So here&rsquo;s a realistic equation to give a true appraisal of the prospects for young buyers: how long does it take to save a 5% deposit to buy a house in the lower price quartiles in Brisbane?

Or how long does it take to save the required deposit to buy an apartment in Adelaide or Perth or Hobart?

Or, given the predominate trend in Australian real estate, how long to save a 5% deposit to buy a house in Orange or Wollongong or the Sunshine Coast or Bendigo or Geelong?

Those are scenarios that equate to the reality faced by most prospective first-home buyers.

But you will never see that equation presented in mainstream media, because it doesn&rsquo;t serve the desired outcome: a screaming negative headline, with the truth optional.

terryryder

Are first home buyers really priced out of the property market? Hotspotting's Terry Ryder

The latest figures from the State Revenue Office of Victoria show the number of Victorian first-home buyers aged 40-plus has doubled over the past two years.

There have been 6491 purchases made by buyers above that age.

There were 1233 in their 50s and 348 buyers in their 60s.

[smartcode_project:default project_id=94542 project_image_fid=160739]

VICTORIAN FIRST-HOME BUYERS BY AGE

<ul>
	<li>Under 20.................. 523</li>
	<li>20-24.................... 8633</li>
	<li>25-29.................. 15,774</li>
	<li>30-34.................. 12,139</li>
	<li>35-39.................... 6967</li>
	<li>40-44.................... 3259</li>
	<li>45-49..................... 1651</li>
	<li>50-54.......................812</li>
	<li>55-59....................... 421</li>
	<li>60+......................... 348</li>
</ul>

The data published by the Herald Sun indicated, they account for 13 per cent of the 50,527 first-home buyers who applied for a stamp duty concession or waiver between July 1, 2020, and February 28 this year.

There were just 3237 first timers aged 40 or older during the prior two year period.

Victorian Treasurer Tim Pallas said the figures showed the importance of never giving up.

&ldquo;This data shows that it is never too late to buy your own home, and we&rsquo;re proud to support Victorians of all ages to make their dream of owning a home a reality,&rdquo; Mr Pallas said.

It was four years ago when the Victorian Treasurer said at the launch of CEDA&rsquo;s Housing Australia research report that the state government&#39;s Our Homes for Victorians package involved shifting the balance back to first home buyers rather than investors, to alleviating homelessness and shoring up Victoria&#39;s housing stock for future generations.

Market commentators have noted the pension asset test was skewed towards home owners, which may be a small factor influencing the purchasing.

New figures from the State Revenue Office of Victoria show 348 first time buyers in their 60s over the past two years

Boost in older Victorian first time buyers taking up home ownership

<html><body>
Soaring home prices have put first home buyers on the back foot, with affordability now a key issue in the Australian property market.

The continued house price growth has poured cold water on first home buyers, who until the end of March had the $15,000 HomeBuilder Grant as a financial platform when buying new property.

The median sale price for a house has reached over $1.1 million in Sydney in April, followed by $806,000 in Melbourne, according to CoreLogic. Apartments approve the more attractive proposition for first home buyers, with Sydney's median at $755,360 and Melbourne's at $593,121.

The growing property prices has led to first home buyers considering buying interstate, Finder’s First Home Buyers Report 2021 has found.

Finder surveyed 1,028 first home buyers, and 20 per cent said they are searching for their first property in a different state to where they currently live. That equates to around 2,362 first home buyers a month willing to buy in another state to get on the property ladder.

<a href="/news/vic/urban-s-top-suburbs-for-vic-first-home-buyers-in-q1-2021">Read more: Urban’s top suburbs for VIC first home buyers in Q1 2021</a> 
The report found that first home buyers from New South Wales (24%) are more likely to consider buying a property in another state than those living in Queensland (19%) and Victoria (17%).  
Sarah Megginson, home loans expert at Finder, said that many prospective buyers are being lured by cheaper property across state borders.  
“Some first home buyers are looking at real estate in other parts of the country where prices are more affordable, with many feeling the pressure to buy while interest rates are low. 

<a href="/news/vic/urbans-most-popular-vic-projects-for-first-home-buyers-in-q1-2021">Read more: Urban's most popular VIC projects for first home buyers in Q1 2021</a> 
“The impact of COVID-19 has also caused a spike in demand for regional properties, as residents in Sydney and Melbourne consider swapping city living for more of a laidback lifestyle.  
“With property prices soaring in recent months, it can put additional pressure on first home buyers, who may find themselves priced out of their own city. 

[smartcode_project:default project_id=5559]

“This is where an interstate move can work to your advantage as a prospective buyer.  
“Even if you’re not keen to move, a rentvesting strategy – where you buy a more affordable home in a different location and continue renting where you want to live – offers a way to get your foot on the property ladder,” Megginson said.  

<a href="/news/qld/find-out-where-in-south-east-queensland-you-can-buy-a-townhome-from-230-000">Read more: our homes to secure in Queensland’s City of Logan from $230,000</a> 
Finder’s First Home Buyers Report 2021 also found that men (24%) are more likely than women (17%) to be considering an interstate move to get into the property market.
</body></html>

The growing property prices has led to first home buyers considering buying interstate, Finder’s First Home Buyers Report 2021 has found

One in five first home buyers open to buying in a different state

The ongoing&nbsp;surge in home financing and purchasing as well as the rebound in home prices is being driven by a combination of record low mortgage rates, home buyer incentives and economic recovery.

This trend&nbsp;has been led&nbsp;by the enormous surge in first home buyer lending which soared to record highs due primarily to incentives like the HomeBuilder Grant and other FHB stimuli like stamp duty discounts.

Urban has&nbsp;taken a look at which suburbs have been the most popular among first home buyers in Q1 2021.

<h2>1. Footscray</h2>

Live City 
Address: 124-188 Ballarat Road,&nbsp;Footscray&nbsp;VIC 3011 
Two-bedroom apartments from $460,000

[smartcode_project:default project_id=3565]

The new masterplanned community, Live City, comprises 208 residences spread across 14 floors, delivered by developer R&amp;F Property Australia.

Set to deliver over 1,400 apartments across eight buildings, the&nbsp;Footscray&nbsp;project brings together a fully-integrated, mixed-use community that’s thriving with character and history.

Designed by&nbsp;Elenberg Fraser, each residence features floor-to-ceiling windows, contemporary interiors and an abundance of natural light.

It is the most affordable development on this list with a one bedroom abode available from $350,000.

<h2>2. Keysborough</h2>

Haven Townhomes 
Address: 42 Homeleigh Road, Keysborough VIC 3173 
Three-bedroom townhouses from $675,000

[smartcode_project:default project_id=8082]

For those First Home Buyers with a family, or seeking something larger Haven Townhomes has been very eye-catching with affordable and stylish three and four bedroom townhomes on offer

Brought to you by Aultun Group, the development was designed by&nbsp;Cera Stribley Architects.

The Haven estate encompasses a variety of two storey floor plans with the option of choosing a house and land package, or an&nbsp;off-the-plan&nbsp;purchase.

Situated surrounded by thriving wetlands and meandering walking trails, each of the 59 Haven Townhomes are in a prime position for stunning views, access to nature and world-class&nbsp;amenities.

It is set for completion in December 2021.

<h2>3. Southbank</h2>

Melbourne Square 
93-119 Kavanagh Street, Southbank VIC 3006 
Two-bedroom apartments from $642,000

[smartcode_project:default project_id=2929]

OSK Property are the group behind the&nbsp;boutique collection of homes at&nbsp;Melbourne Square.

Featuring four distinct themes, it has been architecturally designed by&nbsp;Cox Architecture, with interiors by designer&nbsp;Sue Carr, creating flawless spaces which make the most of the spectacular city views on offer.

Each bedroom boasts a stunning view&nbsp;via floor-to-ceiling glazing, plus the master suites offer a unique panoramic&nbsp;city vista.

Set for completion in mid 2021, amenities include a full-line Woolworths and other shops as well as resort-style facilities including pools, sauna, spa, gymnasium and a yoga room.

<h2>4. Brunswick</h2>

Canvas 
Address: 272 Barkly Street, Brunswick VIC 3056 
Two-bedroom residences from $680,000

[smartcode_project:default project_id=29358]

ID_Land’s latest Brunswick development, Canvas offers residents a premier home with breathtaking vista's.

Designing a building offering a collection of 62 one, two and three-bedroom apartments, Rothelowman Architects has placed people at the cornerstone of their design.

Located on the building’s rooftop is a variety of communal spaces providing residential amenity and green spaces, with views of Melbourne’s city skyline and parks.

Canvas lies in the heart of Brunswick’s vibrant community with retail hotspots, diverse eateries and bustling bars that are just a short walk away.

<h2>5. Melbourne</h2>

Melbourne Grand 
Address:&nbsp;560 Lonsdale Street, Melbourne VIC 3000 
One-bedroom apartments from $489,000

[smartcode_project:default project_id=3490]

Winner of the HIA Victorian apartment complex of the year for 2020, the Melbourne Grand has its one-bedroom apartments starting from $489,000.

The 652-unit project, developed by Central Equity, offers generous living areas, ample storage and luxuries like a&nbsp;fully-equipped boutique cinema, state-of-the-art gymnasium and swimming pool.&nbsp;

With an entire tenth floor dedicated to resort-style facilities,&nbsp;Melbourne Grand offers an outstanding living experience rising 58-storeys above the CBD.

Designed by Guildford Bell and Graham Fisher Architects, the development features an indoor pool, gym and yoga studio, residents’ lounge and 17-seat luxe theatre.

A coffee bar and banquet room also provide the ideal setting for entertaining family or friends.

The ongoing market surge has been primarily led by FHB's. Check out the suburbs they've been searching in

Urban’s top suburbs for VIC first home buyers in Q1 2021

<html><body>
The ongoing surge in home financing and purchasing as well as the rebound in home prices is being driven by a combination of record low mortgage rates, home buyer incentives and economic recovery.

Investors have clearly now joined the stampede of buyers rushing housing markets, but the overall home loan market share of investors remains at record low levels.

Despite the fact that investor's saw an uptick in market share over February and March.

Meaning that this trend has been lead by the enormous surge in first home buyer lending which soared to record highs due primarily to incentives like the HomeBuilder Grant and other FHB stimuli like stamp duty discounts.

Check out what first home buyers have been keeping an eye on in Q1, here are Urban’s most popular FHB properties:

1. Sixth Avenue, Chelsea Heights 
Address: 15 Sixth Avenue, Chelsea Heights VIC 3196 
Two-bedroom townhouses from $599,000

[smartcode_project:default project_id=32136]

Sixth Avenue, delivered by the Aultun Group, was Urban's most popular project for first home buyers in the first quarter of 2021.

Designed by Point Architects in the near coastal suburb south-east of Melbourne, Sixth Avenue features light-filled interiors, bespoke landscaping and recreational amenities within easy reach.  

Boasting a collection of 59 two, three and four-bedroom residences, the project provides perfect bayside living with an endless array of retail, dining, and recreational amenities all within easy reach. Whether you prefer to take a dip in the sheltered bay waters or seek the rush of adrenaline through sports and activities, Sixth Avenue’s premium location provides for all lifestyles.

2. Live City, Footscray 
Address: 124-188 Ballarat Road, Footscray VIC 3011 
Two-bedroom apartments from $460,000

[smartcode_project:default project_id=3565]

The new masterplanned community, Live City, comprises 208 residences spread across 14 floors, backed by developer R&amp;F Property Australia.

Set to deliver over 1,400 apartments across eight buildings, the Footscray project brings together a fully-integrated, mixed-use community that’s thriving with character and history.

Designed by Elenberg Fraser, each residence features floor-to-ceiling windows, contemporary interiors and an abundance of natural light.

It is the most affordable development on this list with a one bedroom abode available from $350,000.

3. Haven Townhomes, Keysborough 
Address: 42 Homeleigh Road, Keysborough VIC 3173 
Three-bedroom townhouses from $675,000

[smartcode_project:default project_id=8082]

For those First Home Buyers with a family, or seeking something larger Haven Townhomes has been very eye-catching with affordable and stylish three and four bedroom townhomes on offer

Like Sixth Avenue it's another Aultun Group development this time partnering with Cera Stribley Architects.

The Haven estate encompasses a variety of two storey floor plans with the option of choosing a house and land package, or an off-the-plan purchase.

Situated surrounded by thriving wetlands and meandering walking trails, each of the 59 Haven Townhomes are in a prime position for stunning views, access to nature and world-class amenities.

It is set for completion in December 2021.

4. Hawthorn Park, Hawthorn East 
Address: 33 Camberwell road, Hawthorn East VIC 3123 
Two-bedroom apartments from $670,000

[smartcode_project:default project_id=3730]

For those first home buyers prioritising luxury living, Hawthorn Park in Melbourne's Camberwell is turning heads.

Designed by multi-award-winning architect, Rothelowman, Hawthorn Park reimagines the norm of apartment living. 

Hawthorn Park boasts unparalleled amenities - from Melbourne's first sky pool and theatre rooms in selected apartments to a stunning sky lounge and approximately 2000 square metres of parkland curated by landscape architect Jack Merlo. 

Hawthorn Park is host to the priciest two-bedders on this list, however you are definitely getting the above and beyond with resort style amenities.

5. Verre, Preston 
Address: 296 Plenty Road, Preston VIC 3072 
Three-bedroom residences from $815,000

[smartcode_project:default project_id=7275]

Located in Melbourne’s Preston, Verre is the latest offering from the developer Wolf&amp;Lamb.

The Chamberlain Architects designed residences are an entertainers’ delight. Large balconies connect the living room to the outdoors and a rooftop terrace offers a space to host friends or relax against the Melbourne city skyline.

Situated in the heart of Preston, Verre which holds sweeping cityscape views is set for completion in early 2022.

One bedroom apartments are available from as low as $385,000, extremely affordable for a first home buyer.
</body></html>

The ongoing market surge has been primarily led by FHB's, check out what they are interested in, here are Urban’s most popular properties for first home buyers over Q1:



First Home Buyer

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

First Home Buyer

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News