A Moroccan-bathhouse residential tower has been unveiled for Budds Beach, with Australian developer <a href="https://www.apartments.com.au/developers/homecorp">Homecorp</a> announcing plans for a $260 million resort-style project in one of the Gold Coast’s most tightly held waterfront precincts.

A development application has been submitted to the Gold Coast City Council for a 27-storey tower at 8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise, marking one of the few new large-scale residential projects proposed for the precinct in more than a decade.

The project will comprise 156 two- and three-bedroom residences, anchored by a residents-only Moroccan spa-inspired wellness sanctuary featuring private treatment rooms, a traditional Nordic sauna and steam room, hot and cold plunge pools and a curated juice bar. There will also be a resort-style rooftop precinct, complete with a heated infinity pool and spa, a residents’ lounge with a private kitchen and bar, a contemporary fitness centre with a yoga and Pilates studio, and outdoor BBQ areas with entertaining lounges.

<img alt="8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise" data-entity-type="file" data-entity-uuid="997f8dbb-4ed1-47e4-8780-d12a3d5cd0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_3.png?VersionId=IsDJXxE8.HG92i4dnbmmPQi.fVXjME7I" />

"At Homecorp, we are driven by the pursuit of better - challenging expectations, thinking bigger and shaping communities that leave a lasting legacy," said Ron Bakir, CEO and Founder of Homecorp.

"This project draws on our experience and expertise to take what the market has been craving to the next level - a home that nurtures wellness, calms the mind and lifts the everyday stresses away. A home is more than a place you live, it’s where you rest, reset and find balance."

&nbsp;

Bakir says what sets the location&nbsp;apart is its rare, tightly held nature within one of the Gold Coast’s most vibrant lifestyle and entertainment precincts, yet quietly tucked away in a peaceful, beachside enclave.

"Budds Beach has remained exceptionally limited in supply over the past decade and this site presented an unmatched opportunity to deliver something truly special to both Surfers Paradise and the Gold Coast.”

Conveniently connected to major roads and the G:link, residents will enjoy easy access to Surfers Paradise, Broadbeach and Burleigh Heads, while still being just minutes from the city’s most iconic beaches and the Broadwater’s ‘golden mile’.

The 2130 sqm site acquisition adds to Homecorp’s growing Gold Coast multi-storey portfolio on the Gold Coast, following the success of Eve Residences in Labrador upon its completion in November 2024. In 2025, Eve earned multiple national accolades and went on to win ‘Best Oceanview Condo Development’ in the Asia Pacific region at the PropertyGuru Asia Property Awards Grand Final, outperforming entries from more than 13 prestigious international markets.

The company also commenced construction last year on the highly anticipated $250 million second stage of Cienna Varsity Ridge, set to deliver 289 residences by 2027 in the heart of Varsity Lakes, and launched the $210 million Florence Residences along Surfers Paradise’s Monte Carlo Avenue to the market, with construction kicking off last month.

"The property market is constantly evolving, particularly here on the Gold Coast, which continues to outperform national trends thanks to its unmatched lifestyle, natural beauty and growing infrastructure, especially ahead of the Brisbane 2032 Olympics. We are proud to be adding more homes to the skyline, creating spaces that are not only designed for liveability but also nurture wellness within. They are homes that are built to last a lifetime and beyond," concluded Mr Bakir.

The project is set to launch to the market later this year.

Joel Robinson

Homecorp lodges plans for $260 million Moroccan bathhouse-inspired tower in Budds Beach

What began as a leap of faith in the 1970s has evolved into one of the Gold Co​ast's most enduring development success stories. Raptis, now led by second-generation developer Evan Raptis, continues to shape the region's skyline four decades after patriarch Jim Raptis first ventured north from Sy​dney.

Jim Raptis began developing in Sy​dney in his 20s under the guidance of a seasoned mentor. After several successful joint ventures, he sensed untapped potential on the Gold Coast and made the bold decision to relocate. That instinct proved prescient, the Raptis family has contributed thousands of apartments to what was once purely a tourist destination and is now recognised as Australia's lifestyle capital.

[smartcode_project:default project_id=101620 project_image_fid=361818]

With decades of experience navigating the complex Gold Coast development landscape, Raptis maintains fully vertical integration, from site acquisition and construction through to marketing and sales strategies. This comprehensive approach has allowed the company to weather multiple market cycles and emerge well-positioned for the region's continued growth.

"We've seen the region change drastically over the last two decades, with that change accelerating in the last five years," says Evan Raptis. "The Gold Coast is becoming unrecognisable. There are some exciting projects happening up and down the coast. The Spit is being talked about as Australia's version of Monaco, with billions in development underway."

Unlike the volatile pre-GFC years that rocked the Gold Coast market, Raptis believes the region has matured considerably. "Demand remains strong, but the market is now settled and stable."

[smartcode_project:default project_id=101620 project_image_fid=361823]

While the company recently completed Pearl Main Beach, an 84-apartment development just 53 steps from the sand, Broadbeach has truly been home for the Raptis family.

"There's nothing Broadbeach doesn't have," Raptis says. "There's always a new café or restaurant coming into the neighbourhood, and the redevelopment of the Niecon Plaza, bringing nearly 5,500 square metres of retail, dining and office space, will only elevate Broadbeach even further."

[smartcode_project:default project_id=101620 project_image_fid=357483]

The suburb has reached what Raptis describes as a "settled phase" of its evolution, with owner-occupiers and repeat visitors increasingly shaping demand rather than traditional investors.

The company's latest Broadbeach project, Sterling, is now constructed to level 22 and scheduled for handover in June 2026. With approximately 70 per cent of apartments already sold ahead of completion, the development has attracted a distinct buyer profile.

[smartcode_project:default project_id=101620 project_image_fid=361821]

"We're seeing significant interest from lock-up-and-leave buyers and downsizers," Raptis explains. "Some use the apartments over Easter or Christmas, while others come down from Brisbane on weekends. They aren't your typical 'investors' who will put the apartments up for permanent rental."

Sterling offers prospective buyers a rare advantage: fully completed display apartments showcasing several two- and three-bedroom configurations, something few off-the-plan developments can provide.

With another Broadbeach project in the pipeline, Raptis emphasises that the next chapter is about maintaining standards rather than pursuing growth at any cost.

"We've been building for over four decades, and our track record matters. Our focus remains the same: deliver what we build, stay close to the details, and delivering a finished product that hopefully exceeds our clients' expectations."

[smartcode_project_cta:default project_id=101620]

It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline

JWLand has completed the final residential stage of its Lyneham precinct, Northbourne Village, with De Burgh now welcoming residents who have begun settling into their new homes.

A selection of the 350 studio, one, two, and three-bedroom apartments remains available within the two-building <a href="https://www.apartments.com.au/buildings/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a>, which occupies a prominent position along Northbourne Avenue.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The apartments at De Burgh have been configured to prioritise natural light, privacy, and usable outdoor space, with ground-floor homes featuring private courtyards and upper-level apartments opening to generous balconies. Double-glazed windows are standard across the development, supporting acoustic comfort and improved energy performance.

Kitchens are fitted with Fisher &amp; Paykel appliances, while all residences include ducted reverse-cycle air conditioning integrated with app-based controls, allowing residents to manage lighting and climate remotely. These inclusions reflect a broader focus on durability, efficiency, and everyday functionality rather than short-term finishes.

[smartcode_project:default project_id=139989 project_image_fid=356280]

Shared amenity is delivered through a resident gym, rooftop garden, lounge spaces, parcel lockers, and landscaped communal areas that connect De Burgh to the wider Northbourne Village environment.

Nick Babic, Marketing Project Manager at JWLand, said the completion of De Burgh gives buyers a level of certainty that off-the-plan purchases cannot always provide.

“There’s no need to wait or play guessing games. You can come and see the spaces firsthand, and genuinely picture yourself living there today. That includes not only the apartments, but the amenities as well. It’s easy to imagine enjoying a coffee in the central courtyard or spending time with other residents in the lounge.”

The completed status of the project aligns with strong buyer demand for finished stock, particularly among first home buyers, young professionals, and downsizers seeking certainty around timing and cost.

[smartcode_project:default project_id=139989 project_image_fid=356282]

With pricing ranging from $463,000 to $1.588 million, much of the offering sits within reach of buyers looking to enter the Inner North apartment market.

De Burgh’s location underpins its buyer appeal, positioned approximately 600 metres from the light rail and three kilometres from Canberra’s CBD, with direct access to <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands, Sullivan’s Creek parkland, and the established hospitality and retail precincts of Lyneham and Dickson.

[smartcode_project_cta:default project_id=139989]

Canberra's newest apartment building: JWLand completes De Burgh at Northbourne Village

One of Victoria’s largest private developers, Central Equity, has commenced construction on Palmera, its $1 billion luxury residential development at Northcliffe on the Gold Coast, appointing Tier 1 builder Multiplex to deliver the project.

The fast-track to construction is being undertaken ahead of Central Equity officially launching the project to market.

The company says the move reflects its confidence in both the calibre of its offering and the Gold Coast’s long-term fundamentals, underpinned by one of Australia’s strongest growing economies, continued population growth and sustained infrastructure investment.

A diversifying employment base across health, education, professional services and tourism has helped insulate the local economy from volatility, while limited new supply in established coastal locations continues to support demand from owner-occupiers and downsizers seeking long-term lifestyle value.

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a> is being constructed in the prestigious Northcliffe residential neighbourhood on an expansive 3,239 sqm site. It is located at 18 Garfield Terrace near the Northcliffe Surf Life Saving Club and the patrolled Northcliffe surf beach, situated between Broadbeach and Surfers Paradise.

[smartcode_project:default project_id=108274 project_image_fid=361249]

Offering a mix of spacious three-bedroom apartments over 52 levels, Palmera is designed to deliver a full suite of premium residences to buyers looking for the ultimate coastal lifestyle that the Gold Coast has to offer.

The project’s premium apartments will deliver northern views across the Surfers Paradise beachfront and extending all the way around to Burleigh Heads and beyond.

Palmera will be crowned by its top four levels, being a limited collection of penthouses and skyhomes that further elevate the residential offering through generous proportions and uninterrupted panoramic views.

[smartcode_project:default project_id=108274 project_image_fid=361246]

The appointment of Multiplex as the builder represents a major milestone for Palmera and cements Central Equity’s commitment to the Gold Coast after delivering more than 85 residential projects over the past four decades. It will be the 20th project collaboration between Central Equity and Multiplex.

“The commencement of construction at Palmera marks a major milestone for the project, with Tier 1 builder Multiplex appointed to deliver the development in the highly sought-after Northcliffe residential precinct on the Gold Coast,” said Central Equity Executive Director Karl Kutner.

“Our commitment to commence immediate construction is in line with our resounding confidence in the Gold Coast over the long term. The city has evolved and proven to be one of Australia’s most dynamic and resilient property markets in recent years.”

[smartcode_project:default project_id=108274 project_image_fid=361250]

Multiplex, one of Australia’s largest builders, has been shaping skylines and delivering iconic projects around the world since 1962. In that time, the Tier 1 global contractor has delivered projects with a combined value of more than US$130 billion.

“Having worked with Multiplex on many previous developments, we are pleased to be extending our relationship further with Palmera,” Kutner added.

“Multiplex brings an unparalleled depth of experience to ensure that Palmera fulfils the vision we have laid out for this strategic location and is delivered to the highest standards,” he said.

Multiplex Regional Managing Director Michael Sinclair said Multiplex was delighted to be aligning with Central Equity yet again.

“Central Equity is creating a stunning new addition to the Gold Coast skyline, and we look forward to bringing their vision to life with a world-class construction team and program. We are proud to be working alongside Central Equity on our 20th project together.”

Palmera has been designed by Marchese Partners, with interiors by DBI.

[smartcode_project:default project_id=108274 project_image_fid=361247]

Residents will have private access to extensive, state-of-the-art amenities, featuring two large pools including a generously scaled, family-friendly pool with safe shallow zones, and a 25-metre lap pool facing the western side, ensuring maximum sunlight all day.

Also available exclusively to residents is a sauna, magnesium pool, yoga studio, expansive gym, resident lounge, outdoor BBQ and dining areas. Residents will also be welcomed by concierge and luxurious entry foyer.

Located on Garfield Terrace in Northcliffe, Palmera enjoys a prime coastal position just moments from the patrolled Northcliffe beach and the G:link light rail, providing effortless connectivity along the Gold Coast’s beachfront suburbs, linking the Gold Coast University Hospital in the north with Nobby beach and Burleigh Heads to the south once the extension completes later this year.

[smartcode_project_cta:default project_id=108274]

Central Equity unveils Palmera on Garfield Terrace, Surfers Paradise

The idea of a low-maintenance forever home located close to the city were the two driving factors behind a recent purchaser’s journey at Murcia, the under-construction East Brisbane apartment development by Sarazin.

Last year, Lois and her husband purchased a two-bedroom plus multi-purpose room (MPR) apartment in the new building, which is being constructed by Hutchinson Builders and is on track for completion in late-2027.

[smartcode_project:default project_id=135094 project_image_fid=341638]

The couple’s number one priority was to remain within easy commuting distance of the city for work. Murcia is positioned alongside the new Cross River Rail, with Woolloongabba Station just 300 metres from the front door.

They are currently living in their Annerley unit, which they have owned for several years, after recently moving out of their inner-city apartment, located on the very same street as Murcia.

“We had watched the development for a long time, and when construction activity began, that’s when we felt confident to buy,” Lois said.

[smartcode_project:default project_id=135094 project_image_fid=356540]

The timing also made sense. By moving back into their Annerley unit, they are able to save money ahead of settlement, while looking forward to returning closer to the city once Murcia is complete.

“We see Murcia as a forever home, as opposed to an investment, or something we need to appreciate massively in value and move on from in a few years,” Lois said.

“We secured an apartment large enough to grow a family, so we’re expecting to call Murcia home for a very long time.”

The couple plan to grow their family, but without the added maintenance demands of owning a standalone house further from the city. Working with Sarazin and architect HAL, they were able to slightly tweak the floorplan, converting the two-bedroom plus MPR layout into a functional three-bedroom apartment.

An added bonus was the recently revised communal space plans, which now incorporate a dedicated working-from-home area, complete with work pods, and shared desks.

“It means the third bedroom doesn’t have to become a part-time office and part-time bedroom,” Lois said, adding that residents have the benefit of working from home without actually being inside their apartment.

The rooftop wellness amenity was another standout compared to living in an established complex or a house. A signature feature of Sarazin developments, the rooftop will include a full gym, hot and cold plunge pools, a steam room and sauna, and a hotel-style pool with cabanas.

[smartcode_project:default project_id=135094 project_image_fid=214682]

Buyer journeys can vary significantly, from purchasing in the established market to buying new, or choosing between houses and apartments. Lois said they knew immediately that buying off the plan was right for them.

“We wanted something new, with less maintenance, and we weren’t quite ready to make the full financial leap straight away. The timing and deposit structure gave us the flexibility we needed.”

Designed by HAL Architects and inspired by the Spanish city of Murcia, the development takes a Mediterranean-influenced approach to architecture and landscaping, with a strong emphasis on shared spaces.

“The design feels considered, the amenities support how we actually live, and the location keeps us connected to the city without feeling right in the middle of it.”

Murcia is Sarazin’s second development in the area, following the completion of Silk One just up the road in 2022. They have several more projects coming to market in Woolloongabba ahead of the 2032 Brisbane Summer Olympics.

[smartcode_project_cta:default project_id=135094]

Close to the city, built for the future: Inside a growing family’s move to Murcia in East Brisbane

First Home Buyers

The first home buyer market has been incredibly quiet in the off the plan apartment market for the last few years given the unwavering hiking of interest rates by the RBA.

Now however, with economic data and commentary suggesting rates will be coming down. later in 2024, first home buyers have started to emerge again.

Data from MatterFact, Apartments.com.au's new data analytics product, shows that in&nbsp;<a href="/new-apartments/sydney-nsw">Sydney</a>&nbsp;there has been over 35 per cent more enquiry from first home buyers in the first two months of 2024 compared to the same period in 2023.

Enquiry is also 30 per cent up compared with the last two months of 2023.

We've looked at the most popular apartment developments across Sydney for first home buyers on Urban.

<h2>Projects: Fox Lane</h2>

<h3>Location: 2 Fox Lane, Rockdale NSW 2216</h3>

<h3>Developer: TQM Group</h3>

<a href="/developers/tqm-group">TQM Group</a>'s next generation of urban-designed apartments has become one of the most sought-after addresses in <a href="/developments/rockdale-nsw-2216">Rockdale</a>, with both first home buyers and investors showing significant interest.

<a href="/new-apartments/fox-lane-rockdale-499-princes-highway-rockdale">Fox Lane</a> comprises 43 studio, one, two and three-bedroom apartments above two ground-floor commercial spaces. The apartments start at $539,000.

First home buyers will enjoy their practical open-plan homes and the variety of rooftop amenities crowning the <a href="/architects/place-studio">Place Studio</a>-designed building.&nbsp;

[smartcode_project:default project_id=141702 project_image_fid=228147]

Fox Lane's onsite amenity includes a cinema, pool and BBQ area with expansive district views. Fox Lane also offers easy access to some of Rockdale’s many local amenities and urban conveniences, just an eight-minute walk to&nbsp;Rockdale or Banksia Station.

The area around Fox Lane is also teeming with a vibrant café and restaurant scene with some of the best food and dining spots nearby.

<h2>Projects: The Grand</h2>

<h3>Location: 27-37 Mann Street, Gosford NSW 2250</h3>

<h3>Developer: TQM Group</h3>

<a href="/developers/ace-property-group">Ace Property Group</a> and TQM Group, who have teamed up on several apartment developments previously, have collaborated again to create the apartment development The Grand.

Situated on <a href="/new-apartments/gosford-nsw-2250">Gosford</a>'s Mann Street, the project offers one of the most desirable locations for apartment seekers across the entire Central Coast.

<a href="/new-apartments/the-grand-gosford-27-37-mann-street-gosford">The Grand</a> will comprise 138 apartments across an 18-level <a href="/architects/kannfinch">Kann Finch</a>-designed tower.&nbsp;

Prospective first home buyers at The Grand can pay no stamp duty for the two-bedroom apartments, which start at $700,000. They span nearly 100 sqm of internal living area.

[smartcode_project:default project_id=22753 project_image_fid=210677]

Architecture firm Kann Finch designed the tower to protrude from a fine-grained sandstone podium, which will be crowned by a striking resident infinity pool and a landscaped garden by <a href="/landscape-architect/site-image">Site Image Landscape Architects</a>.

Within the podium, on street level, will be several food and beverage tenancies when the building is complete in 2025.

The open-plan apartments feature floor-to-ceiling glass windows, taking in sweeping views of either the water or the wider Central Coast district. The well-appointed kitchens come furnished with Smeg appliances, Parisi tape-ware, timber veneer, and stone benchtops.&nbsp;

<h2>Projects: Tallawong Village</h2>

<h3>Location: 2-12 &amp; 1-15 Conferta Avenue, Rouse Hill NSW 2155</h3>

<h3>Developer: Deicorp</h3>

<a href="/developers/deicorp">Deicorp</a>'s <a href="/new-apartments/tallawong-village-rouse-hill-shop-30-12-conferta-avenue-tallawong">Tallawong Village</a> offers highly affordable but contemporary apartments in Sydney's growing Hills District, with varying floor plans of one, two and three-bedrooms catering to both rightsizers and first home buyers.

Situated on the doorstep of the Sydney Metro Tallawong Station, Tallawong Village boasts unparalleled connectivity, with existing access to the Sydney CBD, and plans already underway to connect <a href="/new-apartments/tallawong-nsw-2762">Tallawong</a> to the future Western Sydney International Airport.

[smartcode_project:default project_id=106821 project_image_fid=215904]

The village will also benefit from the planned future Tallawong Town Centre, which will deliver up to 30,000 sqm of retail floorspace, while the bustling Rouse Hill Town Centre is just one stop away on the Metro.&nbsp;

Tallawong Village is a part of the more than 2,000 apartments that Deicorp is delivering along the Northwest Metro line, with the group also responsible for the <a href="/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill">Hills Showground Village</a> in <a href="/new-apartments/castle-hill-nsw-2154">Castle Hill</a> and <a href="/buildings/proximity-rouse-hill-8-civic-way-rouse-hill">Proximity</a> at <a href="/new-apartments/rouse-hill-nsw-2155">Rouse Hill</a>.

<h2>Projects: Auburn Square</h2>

<h3>Location: 26-36 Northumberland Road, Auburn NSW 2144</h3>

<h3>Developer: Tian AN Australia Ltd</h3>

Developed by <a href="/developers/tian-an-australia">Tian An LFD</a>, Auburn Square boasts the ultimate liveability in the heart of western Sydney.

<a href="/buildings/auburn-square-26-36-northumberland-road-auburn">Auburn Square</a> comprises 427 residences in one, two, and three-bedroom configurations, including nine retail and commercial suites and various amenities..

The project is ideally price pointed for first home buyers, with both one and two-bedroom apartments starting below $600,000.

[smartcode_project:default project_id=7317 project_image_fid=248568]

Each apartment has generously sized, open-concept living and dining areas, as well as well-appointed kitchens with integrated premium Westinghouse appliances.&nbsp;

A sprawling rooftop garden covering 2,000 sqm crowns Auburn Square and provides a welcoming retreat for residents to enjoy with their families, pets, and neighbours.&nbsp;

Auburn Square is only a four-minute walk from the train station, with easy access to Parramatta Road and the M4 for a quick drive to Sydney CBD or destinations further west.

<h2>Projects: Rhodes Central Oasis</h2>

<h3>Location: 39 Marquet Street, Rhodes NSW 2138</h3>

<h3>Developer: Billbergia</h3>

National property development firm <a href="/builders/billbergia-construction">Billbergia</a>'s recent release at their $2.5 billion masterplanned community Rhodes Central,&nbsp;<a href="/new-apartments/rhodes-central-oasis-39-marquet-street-rhodes">Oasis</a>, has been popular with first home buyers on Urban.

Designed by <a href="/architects/sjb-architects">SJB Architects</a>, the Oasis tower offers 126 one, two, and three-bedroom apartments starting at $865,000.

The apartments range from one-bedroom units up to 78 sqm, two-bedroom units around 90 sqm, and three-bedroom apartments reaching 116 sqm internally.&nbsp;

[smartcode_project:default project_id=112691 project_image_fid=205749]

Oasis also features a range of exclusive resident facilities, including an expansive swimming pool with private cabanas, a splash pad for children, and a spa.

Upon completion, the Rhodes Central neighbourhood covers approximately two hectares and will be home to five residential water-view buildings on the <a href="/new-apartments/rhodes-nsw-2138">Rhodes</a> peninsula when complete, housing over 1,500 apartments.

There will also be a central plaza with shopping, dining, and recreation offerings in the master plan.

Staff Writer

Sydney's top five apartment development for first home buyers in 2024

First home buyers started to reemerge in the off the plan apartment development space in Q4 2023, off the back of consecutive rate holds by the RBA.

While rates went up again in November, it's expected rates are almost at the peak, and the Big Four banks are anticipating the next rate move will be a cut.

We've dug into our data and looked at the top five most popular <a href="/developments/melbourne-vic">Melbourne</a> suburb in Q4 2023.

<h2>Melbourne CBD</h2>

<a href="/developments/melbourne-vic">Melbourne CBD</a> remains a top choice for first-home buyers.

Boasting many amenities, including world-class dining, cultural institutions, and efficient public transport, the CBD continues attracting young professionals and urban enthusiasts alike.&nbsp;

The recently completed $1 billion West Side Place development by developer Far East Consortium has become a hotspot for both first home buyers and investors.

[smartcode_project:default project_id=1270 project_image_fid=217064]

Comprising four towers, including the prestigious Ritz-Carlton and Dorsett Hotels, the development features various apartment configurations starting at $550,600.&nbsp;

Residents can enjoy various amenities, including a swimming pool, gymnasium, function rooms, open terraces, cinema, and on-site retail arcades.

Located within the coveted University High School Zone, the development is just a short walk from the Yarra River, Flagstaff Gardens, Southern Cross Station, and the Free Tram Zone.&nbsp;

Another popular project is Brady Group's <a href="/buildings/380-melbourne-380-lonsdale-street-melbourne">380 Melbourne</a>, located on Lonsdale Street.&nbsp;

[smartcode_project:default project_id=2064 project_image_fid=210636]

Designed by <a href="/architects/fraser-partners-0">Elenberg Fraser,</a> the twin-tower project offers one, two, and three-bedroom apartments starting from $570,000.&nbsp;

The 65-level towers include 300 hotel suites and a retail and cafe arcade connected to the public domain through a unique low-lying podium.&nbsp;

Resident amenities at 380 Melbourne encompass a lounge, games room, private cinema, karaoke room, steam rooms, sauna, rooftop garden, heated lap pool, and outdoor terrace with barbecue facilities.

<h2>Southbank</h2>

Nestled along the Yarra River, <a href="/developments/southbank-vic-3006">Southbank</a> has solidified its status as a vibrant and modern residential hub.&nbsp;

Soutbank's proximity to the CBD and the thriving arts and entertainment scene position it as an appealing option for first-home buyers seeking a cosmopolitan lifestyle.&nbsp;

The abundance of waterfront promenades, recreational spaces, and dining options further enhances the neighbourhood's charm.

One of the most popular projects in the suburb on the Urban website this year is Central Equity's FOCUS Melbourne, with its recent win at the 2023 HIA-CSR Victorian Housing Awards.

[smartcode_project:default project_id=3260 project_image_fid=206125]

FOCUS won the Victoria Apartment Complex Award (over $20 million), while Central Equity was Victoria's most awarded apartment developer.

The $450 million FOCUS offers a move-in-ready option in the heart of <a href="/developments/southbank-vic-3006">Southbank</a>.

The development has proved popular among locals who want to remain near the city while enjoying a neighbourhood feel.

[smartcode_project:default project_id=3260 project_image_fid=206134]

The 50-level building comprises one, two, and three-bedroom apartments, strategically placing residents near the arts precinct and its upcoming $1.7 billion revamp, just over two kilometres from the CBD.&nbsp;

FOCUS distinguishes itself with resort-style amenities, including a 17-seat luxe theatre, indoor heated pool, sauna, gym, and landscaped terraces with barbecues.&nbsp;

<h2>Brunswick</h2>

Known for its eclectic atmosphere and diverse community, Brunswick has carved a niche as a haven for the culturally inclined. Trendy cafes, local markets, and green spaces complement the suburb's artistic flair.&nbsp;

As the trend of prioritising lifestyle and community connectivity grows, Brunswick stands out as an ideal choice for first-home buyers seeking a balance between cultural richness and affordability.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Experiencing significant gentrification in recent decades, Brunswick attracts young professionals, artists, and families who value a vibrant and eclectic lifestyle. ASX-listed developer Mirvac recognised the area's allure, choosing it as the location for their project, Prince &amp; Parade.

Designed by Bates Smart and landscaping by Jack Merlo, Prince &amp; Parade comprises 166 one, two, three, and four-bedroom apartments. Cleverly oriented to maximise park views, the development rises to nine levels on the north side facing Brunswick Road and five on the south side facing Park Street.

Situated across from Princes Park, a 39-hectare oasis of greenery, walking paths, sports grounds, and playgrounds, Prince &amp; Parade seamlessly blends urban sophistication with natural tranquillity.&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217119]

The development's location offers its residents convenient access to culinary delights, vibrant cultural scenes, and educational institutions, including Princes Hill Secondary School, <a href="/developments/melbourne-vic">Melbourne</a> University, and RMIT.

The fully electric building features a residents' lounge, dining room, rooftop terrace with panoramic views of <a href="/developments/melbourne-vic">Melbourne</a>, a library, and a wellness studio.

Construction of Prince &amp; Parade is scheduled to commence in early 2024, promising a unique living experience that combines modern amenities with the charm of Brunswick's cultural and natural surroundings.

<h2>Moonee Ponds</h2>

Moonee Ponds offers a suburban sanctuary near the CBD's northwest without compromising accessibility.

Home to beautiful parks, reputable schools, and a welcoming community vibe, Moonee Ponds caters to those desiring a more serene living experience.&nbsp;

The suburb's well-connected public transport options, including trams and trains, ensure residents can easily navigate the city while enjoying the tranquillity of suburban life.

[smartcode_project:default project_id=105114 project_image_fid=210517]

At the heart of Moonee Ponds is Hamton's Moonee Valley Park, a 20-hectare precinct just six kilometres from the CBD.&nbsp;

Within this dynamic development, Trackside House is a unique residential building, offering approximately 86 residences with views of the finishing straight at the iconic Moonee Valley Racecourse.&nbsp;

The 11-storey building, designed by Rothelowman in collaboration with Carr interior experts, includes a range of residences from grand three and four-bedroom options to more affordable one-bedroom units starting at $565,000.

As the fourth stage in the precinct's redevelopment, Trackside House benefits from a diverse range of eateries, retailers, and 20 hectares of open space and gardens. Various amenities, including playgrounds, sporting fields, and running tracks, enhance the community experience.&nbsp;

Another successful development by Hamton in Moonee Valley Park is Stonepine House, achieving over 80 per cent of sales within 11 weeks of its launch.&nbsp;

[smartcode_project:default project_id=110367 project_image_fid=199209]

Offering exclusivity within the thriving community, Stonepine House features two and three-bedroom residences starting at $650,000.

Both Trackside House and Stonepine House are designed to complement the surrounding 20 hectares of greenery and are expected to be completed in mid-2025, contributing to the evolving landscape of Moonee Ponds.

<h2>Malvern</h2>

Renowned for its leafy streets and grand architecture, Malvern has long been a sought-after address for buyers seeking an upscale residential experience.&nbsp;

While often associated with a more established demographic, the suburb has witnessed an increasing interest from first-home buyers drawn to its classic charm and proximity to amenities.&nbsp;

Malvern's harmonious blend of heritage and contemporary living makes it an appealing choice for those entering the property market.

Kokoda Property's Malvern Collective was one of Urban's most popular projects <a href="/developments/melbourne-vic">Melbourne-wide</a> across the whole of 2023.

[smartcode_project:default project_id=12457 project_image_fid=217233]

Malvern Collective is envisioned as a 0-minute neighbourhood at 2 Station Place, an even more convenient community than the standard 15-minute neighbourhood.

The project comprises 205 one to three-bedroom apartments spread across two striking glass buildings above a vibrant hospitality precinct. Future residents will have every convenience at their doorstep, including a Woolworths Metro, six hospitality venues, and an easy commute to the city.

The popularity of Malvern Collective's apartments among owner-occupiers is attributed to the unique proposition, thoughtful design, and superior concierge service reminiscent of a high-end hotel managed through a dedicated residents' app.&nbsp;

[smartcode_project:default project_id=12457 project_image_fid=217246]

Exclusive amenities within the project include a co-working space, cinema, swimming pool, wellness centre with hot and cold plunge pools, and a private dining area.

Malvern Collective is on track for completion in Q1 2024.

We've dug into our data and looked at the top five most popular Melbourne suburb in Q4 2023

Melbourne’s top 5 most popular suburbs for first home buyers on Urban in Q4 2023

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?

Often the coveted suburbs to buy a home are some of the priciest &ndash; which means buyers with a lower budget generally begin to look further afield to get on the property ladder.

Sometimes buyers luck out, purchasing a property in a less popular area where the median house price is relatively low.

Over time, suburb population grows and local businesses arise often driving demand for residential property.

We&#39;ve mapped out a few of the key features to look for in a burgeoning suburb.

<h2>Planned infrastructure upgrades</h2>

Familiarise yourself with each local council&#39;s planning applications and pipeline of infrastructure upgrades.

Often when money is invested in a suburb, it adds to the desirability of the area. Note that timeframes provided are usually only indicative, are often subject to planning approvals and may be subject to delays.

[smartcode_project:default project_id=28126 project_image_fid=186051]

<h2>Fringe suburbs of already popular neighbourhoods</h2>

Don&#39;t be afraid to extend your search radius. As populations grow, fringe suburbs are becoming more densely populated, and with more people comes more businesses, infrastructure upgrades and a thriving community.

[smartcode_project:default project_id=22803 project_image_fid=170888]

<h2>Well-thought-out master-planned communities</h2>

The development of a master-planned community gives an area an instant population boost.

A thoughtfully designed masterplan will also deliver active open space, additional schooling, retail and dining and healthcare.

Many master-planned communities will also have extra space for businesses to operate from &ndash; meaning you can work close to home.

[smartcode_project:default project_id=28168 project_image_fid=186035]

<h2>Decent public transport and motorway connections</h2>

Getting to and from the areas you spend most of your time socialising and working with ease is an important consideration when choosing a location to buy your first property.

Are you within close proximity to a reliable bus route?

Is there a park and ride near the train station, or is the train station within walking distance?

Is the property within easy access to a direct route motorway or freeway to the city?

If not, then check for any infrastructure upgrades planned for the area in future.

[smartcode_project:default project_id=3494 project_image_fid=184720]

<hr />
<h2>&nbsp;</h2>

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

How do I go about buying my first home?

If this is a question you find yourself asking, use the&nbsp;Mirvac&nbsp;First Home Buyers checklist to learn the 11 key steps in the buying process for first home buyers.

<h2><a href="http://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=93788 project_image_fid=186245]

<hr />
Important note: The information in this article is general information only and has been prepared without taking into account your personal circumstances. While every care has been taken to ensure the accuracy of the information, Urban cannot be held liable for any inaccuracies, errors or omission. 

The information in this article does not constitute legal, tax or financial advice and you should always seek professional advice before purchasing property in relation to your individual circumstances.

Often the coveted suburbs to buy a home are some of the priciest – which means first home home buyers limited by budget generally begin to look further afield to get on the property ladder. We've mapped out a few of the key features to look for in a burgeoning suburb.

urban.com.au

How to pick an up-and-coming suburb to buy your first home

Buying a brand new home can be the perfect option if you want to purchase something more bespoke that will meet your lifestyle requirements.

When you buy off-the-plan, you often get the ability to customise the look and feel of your home, choose from a selection of well-thought-out floorplans.

To understand the types of off-the-plan properties available and to decide whether an apartment or townhome would be more suitable for you, here&#39;s a breakdown of what each property type has to offer.

<h2>APARTMENTS</h2>

While apartments are most commonly found in the CBD, as demand for cost-effective housing grows, more apartment towers are cropping up in suburban areas, meaning you&#39;re less likely to have to compromise on the location of your new home.

One of the most significant drawcards of apartments is their&nbsp;amenities. Even if you purchase a one-bedroom apartment, you may have access to a suite of resort-style amenities and often ground floor retail and dining options too.

A consideration you&#39;ll need to take into account is whether you are allowed pets, what the restrictions are around renovating your apartment and what the rules are when it comes to using your property as rental or short-stay accommodation.

Another thing young families may wish to consider is whether they will need extra room in future &ndash; in that case, a larger apartment or townhome may be more appropriate.

[smartcode_project:default project_id=100322 project_image_fid=163036]

<h2>TOWNHOMES</h2>

Townhomes offer many of the same benefits as an apartment but often provide a bit more flexibility of space. They&#39;re great if you are keen on having a backyard, or if you want more privacy with fewer neighbours.

Often townhomes will come with more car parking and storage space, with slightly larger living areas and bedrooms.

Townhomes are also more likely to be dual aspect and dual storey &ndash; however, if second storey access will be problematic, then an apartment with elevator access may be a more suitable option.

[smartcode_project:default project_id=22803 project_image_fid=53579]

<h2>HOUSE &amp; LAND |&nbsp;DETACHED DWELLING</h2>

A stand-alone house has traditionally been the first pick for homebuyers across the board for their historic value retention, land and the ability for the owner to add value through renovations and adding additional bedrooms.

However, with the popularity of apartments and townhomes increasing due to the higher quality builds of multi-residential properties today, coupled with the lower entry point &ndash; traditional housing is seeing some competition in the market.

Buying a brand new detached dwelling within a masterplanned community can give you the best of both worlds.

With access to world-class amenities, high spec finishes and a burgeoning community, this can be a fantastic option for buyers wanting to buy a brand new home but also live in a part of a well-designed community.

At Urban, we have seen increases in demand for apartments, and townhomes, with both proving to be a cost-effective and viable option in the current competitive market.

Whether you opt for a low maintenance apartment, a flexible townhome, or a detached dwelling with the potential to add value, the home you move into will be brand new.

[smartcode_project:default project_id=28168]

<hr />
&nbsp;

<h2>MIRVAC | FIRST HOME BUYER HUB</h2>

If this is a question you find yourself asking, use Mirvac&#39;s checklist to learn the 11 key steps in&nbsp;the buying process for first home buyers.

<h2><a href="https://firsthome.mirvac.com/?utm_source=urban&amp;utm_medium=organic">Complete the Quiz*</a></h2>

[smartcode_project:default project_id=93788 project_image_fid=186245]

To understand the types of off-the-plan properties available and to decide whether an apartment or townhome would be more suitable for you, here's a breakdown of what each property type has to offer.

How to Choose the Perfect Property Type: Apartment, Townhome or House?

The affordability&nbsp;gap is continuing to grow between houses and apartments, having reached record highs earlier this year.

It&#39;s seen a wave of buyers give up on the house hunt, and turn to the fixed price apartment purchases.&nbsp;

There are a number of developments on the market under $400,000 across Melbourne, which we&#39;ve wrapped up below.

1. Cultivate, Heidelberg West 
Developer: Kincaid Projects 
One-bedroom apartments from $399,000

[smartcode_project:default project_id=628 project_image_fid=178988]

Cultivate delivers an affordable collection of one, two and three-bedroom apartments that border Heidelberg West and Ivanhoe.

Situated on the fringe of Melbourne&#39;s top hospital precinct, minutes from La Trobe University and at the quiet, tree-lined end of&nbsp;<a href="/buildings/37-bell-street-ivanhoe">Bell Street</a>, the development features 146 apartments across two towers.

[smartcode_project:default project_id=628 project_image_fid=178983]

Cultivate boasts impressive one-bedroom, one-bathroom residences for just $399,000, including the choice between two colour schemes, Smeg appliances and premium finishes.

Residents will have access to a rooftop barbeque area, skyline views and bike parking.

2. Due North, Preston 
Developer: Caydon Property 
One-bedroom apartments from $352,000

[smartcode_project:default project_id=5502 project_image_fid=155330]

Climbing 12 levels and comprising 107 apartments, Due North is a new fur-friendly apartment addition to Preston&#39;s High Street.

Designed by Caydon Architecture, the 50 sqm one-bedroom, one-bathroom apartment is priced at $352,000.

[smartcode_project:default project_id=5502 project_image_fid=155342]

Located just 20 minutes away from Melbourne&rsquo;s CBD and featuring rooftop space, a co-working area and three retail spaces, residents will have everything at their doorstep at Due North.

Splash the day away in the pool and dip into stunning Melbourne views as you kick back on the deck and soak in those holiday vibes.

3. Spring Street, Box Hill 
Developer: Orion International Group 
One-bedroom apartments from $395,000

[smartcode_project:default project_id=100675 project_image_fid=170524]

Comprising 312 one, two and three-bedroom apartments, Spring Street is a new development attracting both investors and first home buyers.

Located in the heart of Box Hill, the mixed-use development features the best of both worlds, it&rsquo;s set in a quiet and leafy area while enjoying convenient public transport, local shops and caf&eacute;s.

[smartcode_project:default project_id=100675 project_image_fid=170528]

Designed by Elenberg Fraser, one-bedroom, one-bathroom apartments at the residence begin from $395,000, with accessible ground floor retail and dining options. &nbsp;

The development will also feature a 25-metre pool with a spa, a sauna, gym, yoga room and more.

Urban takes a look at three new developments on the market under $400,000 for buyers hoping to get ahead of the anticipated demand

max.kwok_55688

Three best Melbourne apartments under $400,000, offering an accessible pathway to homeownership

Wahroonga Gardens, a collection of brand-new, three-bedroom townhomes in Wahroonga in Sydney&#39;s upper north shore,&nbsp;are proving popular with homebuyers looking for a more affordable property option.

Delivered by Developcorp, the boutique development has just 10 residences, with prices starting from $1.42 million.

Recent sales data from SQM Research shows the median house sale price in Wahroonga is around $1.96 million.

[smartcode_project:default project_id=29040 project_image_fid=87577]

Fresh and inviting, Wahroonga Gardens provide contemporary townhomes, designed to blend with the residential character of the surrounding area.

Contemporary interiors are filled with natural light, featuring flexible living spaces perfect for any family&rsquo;s changing needs.

The free-flowing layout and outdoor balconies are ideal for entertaining family and friends, and boast a welcoming feel thanks to timber flooring and a warm palette.

[smartcode_project:default project_id=29040 project_image_fid=87578]

According to the developer, each townhome features quality fittings and superior detail, including 40mm stone benchtops and quality stainless steel appliances throughout.

Situated on Sydney&rsquo;s Upper North Shore, Wahroonga is characterised by tree-lined streets, premier schools and the boutique shops and restaurants of Wahroonga village.

Residents are well connected and within 500-metres to Waitara Station, meaning Westfield Hornsby is one stop away. The Sydney CBD is around a 40-minute commute by train.

[smartcode_project:default project_id=29040 project_image_fid=87579]

Residents will have easy access to the north coast and Sydney&rsquo;s west through&nbsp;the M1 and North Conex Motorways, Pacific Highway and Pennant Hills Road.

Barker College, Abbotsleigh, Loreto Normanhurst and Knox Grammar are within close proximity to Wahroonga Gardens, as are a number of public, selective and independent schools.

Residents also have nearby access to a number&nbsp;of parks and recreation areas in Berowra Valley Regional Park and Ku-ring-gai National Park. The&nbsp;exclusive Pymble Golf Club&nbsp;is located nearby.

[smartcode_project_cta: project_id=29040]

Wahroonga Gardens, a collection of brand-new, three-bedroom townhomes in Wahroonga, are proving popular with homebuyers looking for a more affordable property option

Wahroonga buyers look to townhomes to save over $500k on a new property

EXPERT OPINION

It&rsquo;s time we stopped treating first-home buyers as a protected species and considered the importance of other cohorts in the housing market.

It&rsquo;s become a kneejerk response in mainstream media to cry outrage whenever property prices rise, with concern for first-timers as the justification for strident headlines.

Media seems to never tire of the &ldquo;young Aussies have been priced out of the market&rdquo; storylines. I have a database of articles going back decades showing that this theme has been bashed by media constantly over the years.

The current claims that young adults are doomed to lifetime of renting are a replay of the headlines from last month, last year, two years ago, five years ago, 10 years ago and indeed 20 years ago.

[smartcode_project:default project_id=5328 project_image_fid=163914]

Were they justified and accurate, the past 18 months would not occurred. Over the past year and a half, we&rsquo;ve seen record buying activity by first-home buyers.

The spectacular price growth seen in that period has been driven, not by investors, but by first-home buyers and other owner-occupier buyers. Helped by a high level of government assistance, they have pumped up demand at a time of low supply, hence the big price rises.

Rising prices make it harder for first-timers to get into their local markets, but otherwise there&rsquo;s never been a time when they&rsquo;ve had so much in their favour.

There are multiple federal and state schemes provided easy access to finance, cash hand-outs and special concessions on costs like stamp duty. The low level of mortgage rates is a bonus.

[smartcode_project:default project_id=100322 project_image_fid=163024]

Australia is already doing all that it needs to do to smooth the path for budding young buyers.

Beyond that, how about some consideration for other types of buyers.

What about second-time buyers? Consider this scenario: a young couple buys a small apartment as their first home &ndash; it&rsquo;s affordable, well located and suits their lifestyle.

Then they decide to start a family and they need to upgrade to a larger dwelling. For most, this means selling the existing home and buying something more appropriate.

[smartcode_project:default project_id=102256 project_image_fid=163750]

They&rsquo;re still young, aspirational Aussies seeking to navigate the property minefield of high competition, low supply, rising prices and prohibitive buying/selling costs. But what assistance does this country offer them? The answer is: nothing.

Once they&rsquo;ve bought that first home, they cease to be worthy of consideration or assistance. They&rsquo;re on their own.

So, what about down-sizers? Older Australians rattling around in the family home, with the kids grown and out in the world. The family home is now inappropriate to their needs &ndash; it&rsquo;s too big and it costs time, energy and money to maintain. Ideally, that older couple or individual would like to downsize &ndash; sell the big house and buy a comfortable low-maintenance apartment perhaps.

Many older Australians would like to take that step and we keep hearing politicians encouraging them to do so, to free up those big homes for young families.

But many don&rsquo;t take that step. Why not? Because the costs are prohibitive.

[smartcode_project:default project_id=102309 project_image_fid=163974]

Selling a home and buying another can easily cost $50,000, $100,000 or more in stamp duty, agents&rsquo; commissions, legal fees, relocation costs and more. When you&rsquo;re retired or approaching retirement, those costs are deal-breakers.

I&rsquo;ve considered making the downsizing decision myself. I won&rsquo;t be doing it any time soon because the costs are ridiculous.

Politicians urge older Australians to make this move, but how much assistance is provided by them in terms of easing the cost burdens? Exactly zero.

And how about some incentives for investors to get active in the market. We have a chronic shortage of rental properties in most locations across Australia because of a series of measures by politicians and bureaucrats over the past 5-6 years that have massively discouraged investors. Australia needs to change course and encourage investors to buy homes and make them available for rent.

We don&rsquo;t need to stop the world and reorganise how our markets work because potential first-home buyers are having a whinge about how tough things are for them. They already have huge levels of government assistance available to them.

Rather, we should be considering ways to help other cohorts in the housing markets who are equally worthy of assistance. 
&nbsp;

It’s become a kneejerk response in mainstream media to cry outrage whenever property prices rise, with concern for first-timers as the justification for strident headlines

terryryder

The first home buyer conundrum and why other buyer segments matter: Hotspotting's Terry Ryder

Assemble Futures offers a more accessible pathway to owning a home, that bridges the gap between renting and buying, with their latest Melbourne development, 4 Ballarat Street.

Located in Brunswick, one of Melbourne&rsquo;s most diverse neighbourhoods, the project supports you on a path toward homeownership by enabling you to move in and rent your apartment for five years, while you save to buy it.

[smartcode_project:default project_id=94542 project_image_fid=160739]

The development focuses on providing housing for low and middle-income households looking for a secure, long-term next step.

Assemble managing director Kris Daff said the housing concept helps residents protect themselves from shifts in the property market.

&ldquo;We are witnessing the strongest growth in property values in our history, rising at their fastest rate in almost two decades, and as a result, we have reached a crisis point in housing affordability&rdquo;, he said.

<blockquote>
&ldquo;Our housing concept, Assemble Futures, takes the volatility out of the market and provides absolute price certainty for our clients over the term of the lease and the end purchase price.&rdquo;
</blockquote>

The one, two and three-bedroom apartments at 4 Ballarat Street saw their first stage release on May 15, with further releases expected to be available throughout the month.

Designed by Fieldwork with landscapes by Rush Wright, the residence will run on 100 per cent renewable energy, offer flexible studio space, rooftop gardens and quality design.

[smartcode_project:default project_id=94542 project_image_fid=160730]

<h2>So how does the rent-with-the-option-to-buy model work?</h2>

Assemble Future&rsquo;s seven-year rent-to-buy model is simple for buyers, allowing residents to sign a lease, with agreed rent for five years after a two-year building period.

As the contracts are 12-month rolling leases, potential homebuyers have the flexibility to leave at the end of any period if they decide the development may not be the best fit for them.

Seven years is the average time most people living in Australia require to save for a home deposit and 4 Ballarat Street offers buyers a set target to save towards.

[smartcode_project:default project_id=94542 project_image_fid=160735]

This way, homebuyers can avoid the fast-increasing property prices in Melbourne&rsquo;s market by securing their home at a price agreed to when the initial lease was signed.

Assemble also supports residents on their savings journey, with a free, opt-in financial coaching programme.

Additional initiatives, such as bulk-buying on everyday essentials through sustainable suppliers, further ensures buyers are well-positioned to purchase their apartment at the end of the lease period.

[smartcode_project:default project_id=94542 project_image_fid=160729]

<h2>Test drive your new home</h2>

Thanks to Assemble&rsquo;s rent-to-buy model, potential homeowners can live in their apartment before committing to buy, delivering a taste of the neighbourhood, apartment and community.

4 Ballarat Street will mark the third Assemble project created in partnership with Fieldwork, following Clifton Hill&rsquo;s 122 Roseneath Street and Kensington&rsquo;s 393 Macaulay Road projects.

[smartcode_project:default project_id=94542 project_image_fid=160741]

The architects designed the home to reflect the layered personality of Brunswick, right through to fixtures, lighting and other finishes.

Inspired by the terracotta hues of the inner-city suburb, apartments are accented with a warm colour palette, such as terracotta tiles, rich feature joinery, and chrome finishing.

[smartcode_project:default project_id=94542 project_image_fid=160731]

Fieldwork director Quino Holland said that, as someone who had designed a number of apartment buildings over the years, he had been &ldquo;frustrated that a lot of my team members can&rsquo;t afford to buy into the projects they&rsquo;re working on.&rdquo;

&ldquo;I&rsquo;m excited that the Assemble Model will provide them with the opportunity to do so in a supported and flexible way.&rdquo;

[smartcode_project_cta: project_id=94542]

The project supports you on a path toward homeownership by enabling you to move in and rent your apartment for five years, while you save to buy it

Protect yourself from shifts in the property market: How Assemble Future’s rent-with-the-option-to-buy model can help you secure a Brunswick home

The recently unveiled Federal Budget is expected to support home ownership aspirations for thousands of households, according to Housing Industry Association (HIA) managing director, Graham Wolfe.

&ldquo;This budget will make a difference in the lives of thousands of Australians,&rdquo; he said.

A majority of the housing schemes are targeted to help first home buyers bridge the deposit gap and bring the aspiration of home ownership within reach of a broader range of Australians.

[smartcode_project:default project_id=8082 project_image_fid=59642]

Under new measures, budding first home buyers will now be able to access up to $50,000 of their own concessional and non-concessional contributions that they can put towards a first home deposit.

This presents an expansion of $20,000 on the previous $30,000 limit that could be released under the First Home Super Saver Scheme, which has been welcomed by the property industry.

The changes &ldquo;provide greater incentive and motivation for tens of thousands of young, aspirational Australians to save a deposit for their first home through a tax effective scheme&rdquo;, said Wolfe.

CEO of Master Builders Australia, Denita Wawn, said: &ldquo;Harnessing the power of compound interest in superannuation to save a deposit makes sense.&rdquo;

The Government has also committed to an extra 10,000 places for the First Home Loan Deposit Scheme, helping first home buyers secure a property with a five per cent deposit.

<h2>A win for single parents</h2>

<img alt="" height="667" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_1156208419.jpg" width="1000" />

The Budget also expands on the success of the First Home Loan Deposit Scheme with the new Family Home Guarantee, which will assist single custodial parents buy a home with a deposit as low as 2 per cent.

&ldquo;These measures build off the economy-saving success of the HomeBuilder scheme by providing more focused support where it is most needed,&rdquo; Property Council chief executive Ken Morrison said.

This new scheme will deliver single parents, the overwhelming majority of whom are women, a step up to gaining the security that comes with home ownership.

&ldquo;Matching the 10,000 places still to open under the Deposit Scheme from July with a new allocation of 10,000 places under the New Home Guarantee will help ensure first home buyers can choose to buy either a new home or an existing home&rdquo;, Wolfe said.

Single custodial parents will need to wait until next week for a fact sheet with further information on eligibility criteria.

<h2>Other measures</h2>

[smartcode_project:default project_id=22584 project_image_fid=71763]

Other measures revealed by Treasurer Josh Frydenberg also help support workers, downsizers and broader communities.

The budget has committed to lowering the minimum age for downsizer contribution from 65 to 60, allowing a one-off post-tax contribution of up to $300,000 per person when they sell their home.

The Federal Government has also announced additional funding under the National Housing and Homelessness Agreement.

&ldquo;A further $124.7 million to assist states and territories to meet their social and community housing requirements will help meet growing demand for housing support&rdquo;, said Morrison.

Master Builders also announced they were pleased to see the Federal Government stepping up to assist the states and territories with their role to provide community and social housing, following calls for boosted social housing investments.

[smartcode_project:default project_id=3233 project_image_fid=160015]

Other measures also include an extension of the Boosting Apprentice Commencement wage subsidy which has helped restore confidence in job training to grow the next generation of homebuilders.

The government has also continued its 10-year, $110 billion spend on infrastructure, which includes $15.2 billion over the next ten years for new rail and road infrastructure projects, helping build communities.

&ldquo;All up, this is a budget for all Australians. It is very welcome and is strongly supported&rdquo;, Urban Taskforce chief executive Tom Forrest said.

The recently unveiled Federal Budget is expected to support home ownership aspirations for thousands of households

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